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Author Topic: Peer to peer digital Ponzi.  (Read 2858 times)
humanitee
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April 03, 2013, 12:21:24 PM
 #21

what did you buy whit bitcoin in 2010 ?
how was bitcoin mined in 2010 ?

What's your point? I still think Litecoin is a joke.
It offers little to no improvement over the current protocol.
Just a bunch of GPU miners sad they finally got axed from Bitcoin.

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▬▬▬     ICO     ▬▬▬
▬  Start : Jan 15, 2018
▬  End : Feb 15, 2018


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ElectricMucus
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April 03, 2013, 12:23:00 PM
 #22

what did you buy whit bitcoin in 2010 ?
how was bitcoin mined in 2010 ?

What's your point? I still think Litecoin is a joke.
It offers little to no improvement over the current protocol.
Just a bunch of GPU miners sad they finally got axed from Bitcoin.

Plus some reasonably wealthy people pumping value in the system.
BTC Books
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April 03, 2013, 12:24:06 PM
 #23

The network has become sentient and figured out how to get people to give it government backed money.

This bit is awesome!

Y'know Vladimir - we (the world, that is) don't have any experience with any currency/commodity/whatever like bitcoin.  We all know that.

But we also have no experience with a network of the size and power that bitcoin has created.

What if....?

I wonder if it's possible to insert snippets of code into the blockchain that might hasten some singular process... Shocked

Dankedan: price seems low, time to sell I think...
Piper67
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April 03, 2013, 12:24:28 PM
 #24

Here's another Ponzi scheme for you: Mozart! I mean, after all, what value can waves through the air possibly have?
humanitee
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April 03, 2013, 12:25:05 PM
 #25

what did you buy whit bitcoin in 2010 ?
how was bitcoin mined in 2010 ?

What's your point? I still think Litecoin is a joke.
It offers little to no improvement over the current protocol.
Just a bunch of GPU miners sad they finally got axed from Bitcoin.

Plus some reasonably wealthy people pumping value in the system.

True.

I'd argue a lot of that is Bitcoin though.
Once you're in crypto it's easier to go into another crypto than it is to go back into fiat.

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▬▬▬     ICO     ▬▬▬
▬  Start : Jan 15, 2018
▬  End : Feb 15, 2018


ElectricMucus
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April 03, 2013, 12:28:08 PM
 #26

what did you buy whit bitcoin in 2010 ?
how was bitcoin mined in 2010 ?

What's your point? I still think Litecoin is a joke.
It offers little to no improvement over the current protocol.
Just a bunch of GPU miners sad they finally got axed from Bitcoin.

Plus some reasonably wealthy people pumping value in the system.

True.

I'd argue a lot of that is Bitcoin though.
Once you're in crypto it's easier to go into another crypto than it is to go back into fiat.

Not quite
But I won't tell you because explaining it would be giving away an advantage I'd rather keep.
myself
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April 03, 2013, 12:29:56 PM
 #27

It offers little to no improvement over the current protocol.
litecoin dont use SHA256 and that's patented by US government

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
humanitee
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April 03, 2013, 12:32:52 PM
 #28

Not quite
But I won't tell you because explaining it would be giving away an advantage.

You talking about hedging with it?


It offers little to no improvement over the current protocol.
litecoin dont use SHA256 and that's patented by US government

"The United States has released the patent under a royalty-free license."
Are you tin foiling? Make me one while you're at it.

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▬▬▬     ICO     ▬▬▬
▬  Start : Jan 15, 2018
▬  End : Feb 15, 2018


b!z
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April 03, 2013, 12:36:16 PM
 #29

oh yeah, we will see single digits soon  Grin

single digits for mBTC Smiley
oakpacific
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April 03, 2013, 12:36:44 PM
 #30

Jeebus, without merchants why would anyone choose litecoin over bitcoin? About the only claimed advantage of litecoin over bitcoin, is that the confirmations take less time, where can it find some uses without merchants accepting it?

And no, next time when bitcoin goes up 800% in one day I will call it a bubble about to bust/pump and dump/whatever you like, like what litecoin is doing now.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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April 03, 2013, 12:37:31 PM
 #31

myself, BTW, your panic button is broken, wanted to tell you this for some time now. I click it and we're still at $141.

As for litecoin minable with gpus, thats only because it is a joke. If it ever gets serious, same thing would happen. But it never will, so I guess it'll be using GPUs forever Wink

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myself
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April 03, 2013, 02:05:31 PM
 #32

"The United States has released the patent under a royalty-free license."
Are you tin foiling? Make me one while you're at it.
that does not mean the US dont hold the patent only that the patent if for free, there was a long discussion about this topic free license is not public domain

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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April 03, 2013, 07:08:12 PM
 #33

The Internet was a pretty geeky past-time which only had value for a few small groups, until over the course of a decade it commercialized and become absolutely essential for everything.  Bitcoin has this potential, which drives the value.  There is definitely risk here, but as the risk decreases the price goes up.
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April 03, 2013, 07:11:47 PM
 #34

Following this logic, gold is also a ponzi scheme

Normally when people can acquire the gold/coin through mining, they will go that way instead of buying, but there is only 3600 coin per day, that is a deadly design

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April 03, 2013, 08:04:49 PM
 #35

what did you buy whit bitcoin in 2010 ?
how was bitcoin mined in 2010 ?

What's your point? I still think Litecoin is a joke.
It offers little to no improvement over the current protocol.
Just a bunch of GPU miners sad they finally got axed from Bitcoin.

Well if it is a joke it certainly is a profitable joke! http://dustcoin.com/mining
humanitee
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April 03, 2013, 08:05:27 PM
 #36

Well if it is a joke it certainly is a profitable joke! http://dustcoin.com/mining

You hit the nail on the head.

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▬▬▬     ICO     ▬▬▬
▬  Start : Jan 15, 2018
▬  End : Feb 15, 2018


RodeoX
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April 03, 2013, 08:06:59 PM
 #37

An open source ponzi.  Roll Eyes

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in AFRICA - https://bitcointalk.org/index.php?topic=2710325.msg27720734
humanitee
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April 03, 2013, 08:08:56 PM
 #38

Bitcoin: The Ponzi with an Endgame ™

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▬▬▬     ICO     ▬▬▬
▬  Start : Jan 15, 2018
▬  End : Feb 15, 2018


Rampion
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April 03, 2013, 08:15:47 PM
 #39

Bitcoin is quite difficult to understand for a non tech-savvy person. But the ones that understand it, know its pure genius, because it will trigger a revolution that will set us a free from the bankers and financial elites.

And most of the people understanding it is buying BTC to never look back.

Plenty of room to grow

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