buttcoin.org

[buttcoin]

Somebody help me understand why somebody would go through the trouble of registering a domain and making a crappy website like that?

Because I thought it was funny

[BombaUcigasa]

Somebody help me understand why somebody would go through the trouble of registering a domain and making a crappy website like that?

Because I thought it was funny

Butt not everyone agrees 

[Bugg]

The blowoff phase sounds wretched.

[bitcoinBull]

I posted this here:
Time for a hater sub-forum?

I think there should be at least a couple 'skeptic' subforums.  A bubble subforum, and a deflation subforum.

Obviously, the higher bitcoin goes the more of this we are going to see.  Skepticism is welcome, but its getting a little redundant.

anyway Bitcoin is a singularity not just a bubble.

Best retort in the fewest words.

[buttcoin]

Somebody help me understand why somebody would go through the trouble of registering a domain and making a crappy website like that?

Because I thought it was funny

Butt not everyone agrees 

Heh, I see what you did there

[Dhomochevsky]

That site is funny. Because it's completely true. Everyone here knows it, they just don't want to admit it.

[TraderTimm]

That site is funny. Because it's completely true. Everyone here knows it, they just don't want to admit it.

While the humor is entirely subjective, I'd disagree with it being 'true' and everyone 'knowing it'. All I know is bitcoin will outlast that site, by an order of magnitude. But if it keeps people from posting two-liner troll posts here, hey, go for it.

Satire is an expected outcome, especially when a new idea is introduced.

[Dhomochevsky]

o ur just in denial admit it bitcoin will crash panic bubble sell sell dump etc etc

[TraderTimm]

o ur just in denial admit it bitcoin will crash panic bubble sell sell dump etc etc

Here, let me translate that into something called 'english'.

"Oh, you're just in denial. Admit it, bitcoin will crash in a panic-fueled bubble, everyone selling and dumping their holdings, etc.."

I don't deny it is satire.

I don't deny that markets crash. I don't think this market will crash, but even if it did fall in value, I have my strategies in place to deal with it. Long term, I believe in the future of bitcoin, even if it is full of people like you who can't articulate their thoughts and criticisms properly, like adults do.

Keep trying, even statistically speaking you may assemble something resembling a coherent sentence by chance.

[buttcoin]

That site is funny. Because it's completely true. Everyone here knows it, they just don't want to admit it.

While the humor is entirely subjective, I'd disagree with it being 'true' and everyone 'knowing it'. All I know is bitcoin will outlast that site, by an order of magnitude.

I dunno dude, it only cost me $8/year for the domain.

[TraderTimm]

I dunno dude, it only cost me $8/year for the domain.

The average lifespan for a human being is 75 - 95 years.

I submit that bitcoin will be around long after your domain registration lapses.

[Dhomochevsky]

ITT: We fail at sarcasm.

[TraderTimm]

ITT: We fail at sarcasm.

Just like you fail at... everything?

[BombaUcigasa]

ITT: We fail at sarcasm.

Just like you fail at... everything?

Does he fail at failing too? 

[Dhomochevsky]

Just like you fail at... everything?

oh ur just jelus of my sharp superiur witz ololol

[TraderTimm]

oh ur just jelus of my sharp superiur witz ololol

ROFLCopter

[str4wm4n]

WILL BUTTCOIN MAKE THEIR OWN BLOCKCHAIN??

HEY I'LL TRADE YOU 10,000 BUTTCOINS FOR A BITCOIN!

Hmmmm....DEAL!

lol

[Maxxx]

actually its you who doesnt get the concept of a bubble.  You are spouting the classic 'this time its different' line.  Everything you said can be perfectly true and still lead to a bubble, actually most bubbles are founded in very real and accurate logic.. 'tech is the future', 'god aint makin' anymore land' etc the problem is when price action accumulates years of "new paradigm" in a matter of a few weeks/months, and the collapse is not necessarily caused by the failure of a technology to live up to the promise, its true cause is PANIC, people simply can not watch millions of dollars go to 0 without selling, and no matter how intelligent a crowd is if a fire starts, they will trample each other to death.

This IS a bubble, and there will be a huge crash, but that DOES NOT mean that bitcoins are a failure, it will just take longer for it to happen.  I mean tech didnt go away.. eventually amazon.com did live up to the promise of 2001.  IT just didnt do it in in 3 weeks while the public was panic buying to get rich.


O

Bubble, bubble, bubble...

Wait, let me guess. You're a fish right?

[Dobrodav]

        Well, at least BTC is not some "MMM" option (Russian forum users know what i am mean - it is a first massive ponzy sheme in post soviet Russia). First - number of options limited (nobody can print them in haste). Second - no promises of guaranteed profit. Any reasonable person, will told you that BTC is interesting, but you should not, place any money in it, that you can not afford to loose. Not because its a ponzy scheme or something, but because nobody knows all weak side`s of BTC`s.
       That is like first rocket launch, - every body full of hope, but nobody can guarantee anything.
In a strange way Bitcoins, in my twisted mind, was always associated with this old song -
http://www.youtube.com/watch?v=3mbBbFH9fAg

[asdf]

I appreciate good satire, but this site really doesn't run as far as it could with the concept. Comedy is hard, I guess.

He also fails to mention the cycle of new ideas/products that end up as world-changing events. They are first told it is impossible, then they are mocked and ridiculed, and finally given reluctant credit as the obvious implications unfold. Short-sighted people always find it easier to deconstruct something than do their own research into the plausible applications of something new.

As others have said, bitcoin as a first attempt may not succeed - but the fundamental idea of a crypto-currency will. I have a hunch it will be the right combination the first time, with successive refinements to the core idea as time goes on.

actually its you who doesnt get the concept of a bubble.  You are spouting the classic 'this time its different' line.  Everything you said can be perfectly true and still lead to a bubble, actually most bubbles are founded in very real and accurate logic.. 'tech is the future', 'god aint makin' anymore land' etc the problem is when price action accumulates years of "new paradigm" in a matter of a few weeks/months, and the collapse is not necessarily caused by the failure of a technology to live up to the promise, its true cause is PANIC, people simply can not watch millions of dollars go to 0 without selling, and no matter how intelligent a crowd is if a fire starts, they will trample each other to death.

This IS a bubble, and there will be a huge crash, but that DOES NOT mean that bitcoins are a failure, it will just take longer for it to happen.  I mean tech didnt go away.. eventually amazon.com did live up to the promise of 2001.  IT just didnt do it in in 3 weeks while the public was panic buying to get rich.


O

I assume that bitcoin will grow until the world is using it, how can it crash if it's the only currency?