Bitcoin going to zero - Karl Denninger Tickerforum.org

[BitDreams]

Man... We've come a long way, have we?

I don't quite get why someone dug out especially this thread... I though this was a new thread when I read the headline because, well, the FUD actually never changes. Even if someone bought at $200, they's be at over 300% even now so, yeah... a Prof. Bitcorn quality prediction, I'd say...

I brought this thread out because of NY's BitLicense efforts. In the proposed legislation one of the fundamental regulations is one dollar of capital.

I thought it fascinating that one of Bitcoins biggest detractors makes an excellent point for 100% reserves.

Always enjoy it when someone diggs up this old relics.
Nothing makes me feel more bullish!

Me too 

[justusranvier]

That's twisted      Bitcoin certainly challenges rule makers, many things appear to be starting over from scratch with bitcoin.  Maybe he's afraid that people can't control government and bitcoin is govcoin? Personally, I see past it because I can count 100 good things for every 1 bad thing and I can see government as the consensus of the local/county/state/country blockchains.

FYI: I would say I knew Karl fairly well. I was an highly active member of his forums (and Gold Donator) for over four years. I was the one who explained how Bitcoin worked to him back in 2011/2012.

It's not that he's afraid people can't control government - that would make him favour Bitcoin - he blames the population for not controlling the government and holding them accountable for the Constitution.

So far this view has lead him to start two unsuccessful attempts at new political parties and numerous protests, and despite those failures he refuses to accept the possibility that the road to the solution to all the problems he's identified does not pass through politics.

[BitDreams]

That's twisted      Bitcoin certainly challenges rule makers, many things appear to be starting over from scratch with bitcoin.  Maybe he's afraid that people can't control government and bitcoin is govcoin? Personally, I see past it because I can count 100 good things for every 1 bad thing and I can see government as the consensus of the local/county/state/country blockchains.

FYI: I would say I knew Karl fairly well. I was an highly active member of his forums (and Gold Donator) for over four years. I was the one who explained how Bitcoin worked to him back in 2011/2012.

It's not that he's afraid people can't control government - that would make him favour Bitcoin - he blames the population for not controlling the government and holding them accountable for the Constitution.

So far this view has lead him to start two unsuccessful attempts at new political parties and numerous protests, and despite those failures he refuses to accept the possibility that the road to the solution to all the problems he's identified does not pass through politics.

I remember, hello again. - aka Ponzi_Unit

[justusranvier]

I remember, hello again. - aka Ponzi_Unit

I wish I hadn't lost the login information to my original bitcointalk account, which matched my tickerforum account name, but it points at an email address I no longer have so there's no way to recover it.

[coinits]

Karl Denninger is a serious wetpants. He just bashes everything and when something goes wrong he steps up and says, “See I told you so.”

He is old school. He thinks buying gold and silver is stupid too. That is when I tuned him out.

[Malin Keshar]

Bitcoin should be less than $10 by the first half of the month. Also already $10k+ according to some hyper-optismical hodlers from the forum.

I think people should have more care when speaking about bitcoin price and future.

[2dogs]

That's twisted      Bitcoin certainly challenges rule makers, many things appear to be starting over from scratch with bitcoin.  Maybe he's afraid that people can't control government and bitcoin is govcoin? Personally, I see past it because I can count 100 good things for every 1 bad thing and I can see government as the consensus of the local/county/state/country blockchains.

FYI: I would say I knew Karl fairly well. I was an highly active member of his forums (and Gold Donator) for over four years. I was the one who explained how Bitcoin worked to him back in 2011/2012.

It's not that he's afraid people can't control government - that would make him favour Bitcoin - he blames the population for not controlling the government and holding them accountable for the Constitution.

So far this view has lead him to start two unsuccessful attempts at new political parties and numerous protests, and despite those failures he refuses to accept the possibility that the road to the solution to all the problems he's identified does not pass through politics.

In April 2013, KD was bashing BTC on tickerforum - but I noticed a nice looking chart and he was ranting didn't add up.

KD was an egotistical know-it-all - "told ya so" was his favorite saying.

It might have been your posts that convinced me -  I took the dive and bought my first bitcoin then.

Haven't looked back since.

[BitDreams]

Morning 2dogs  I wondered if that was you when I saw the moniker.

[spazzdla]

OP should feel bad

[DjPxH]

From the Tickerforum.org written by Karl Denninger
Gotta give it to KD.  He was spot on!!  I hope that he's not correct about Bitcoin going to zero.

http://market-ticker.org/akcs-www?post=219662


BitCON: I Told You So
 
You didn't name your boat, did you?

Or worse, buy into this crap over $200?

For those wondering where the support level is I will tell you -- but you have to promise not to tell anyone.  Pinky promise, right?  Ok, here 'ya go:

There is very strong support at $0.00.

Is it that time of the year again? Ah no, it's already been quite some time since that statement. Good thing we're now well above $200... So there's that. Case closed.

[arcanum]

Oh wait, another owned to a big mouth preacher man.  

[2dogs]

Morning 2dogs   I wondered if that was you when I saw the moniker.

I'm not the same 2dogs over there.
I stopped going there April 2013 - do you still participate in KD forum?

He was constantly changing the rules and asking for "donations"  .
I think I paid $25 for the  couple of years I was there, so I got my moneys worth  .

[AceWallen]

LOL at this guy. it could never get to zero -- support at $0.01 and below is simply WAY too strong to do it. 

[ElectricMucus]

He was right about one thing though: "Bitcoins" on GOX went to zero. 

[BitDreams]

Morning 2dogs   I wondered if that was you when I saw the moniker.

I'm not the same 2dogs over there.
I stopped going there April 2013 - do you still participate in KD forum?

He was constantly changing the rules and asking for "donations"  .
I think I paid $25 for the  couple of years I was there, so I got my moneys worth  .

Yes, I posted over there as Ponzi_unit. While I thought that was an appropriate name for an ever inflating stock market where you only made money if you could convince your children to pay more for stocks than you did, I didn't think it was appropriate for bitcoin

[giveBTCpls]

I can't wait to look at current threads about Bitcoin price predictions 5 years from now. So far every single thread understimated Bitcoin in one way or another. The trend doesn't seem to stop any time soon.

[BitDreams]

Just got banned from his twitter account.  http://market-ticker.org/akcs-www?post=229235

I told him that the internet of thing is only possible with the Bitcoin protocol.

[ElectricMucus]

Just got banned from his twitter account.  http://market-ticker.org/akcs-www?post=229235

I told him that the internet of thing is only possible with the Bitcoin protocol.

Well he's right what more is there to say?

You're Idiots

[2dogs]

Just got banned from his twitter account.  http://market-ticker.org/akcs-www?post=229235

I told him that the internet of thing is only possible with the Bitcoin protocol.

Confirms why I left and never went back. 

[coinits]

He suffers from Bitcoin Envy. He missed the boat ride to the moon!