ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 12, 2015, 09:59:11 PM |
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tarmi
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Activity: 1218
Merit: 1010
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March 12, 2015, 09:59:21 PM |
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Look at the charts and you'll see they've been doing pretty well the last month. Good looking out for me though, dawg, I appreciate that!  better lock your profits before the plunge. |
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coinableS
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Activity: 1442
Merit: 1179
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March 12, 2015, 09:59:32 PM |
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Why are we posting rockets during red candles??
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paul2000
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March 12, 2015, 10:01:39 PM |
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"Unlike bitcoin, where the network is decentralized and there is no overseer, the proposed digital currency system would be controlled by central banks, the source said." Biggest facepalm ever, because decentralization is the #1 property that makes Bitcoin what it is. Truth is they have not the slightest idea how Bitcoin and the blockchain works, but they think it's cool and want to build their own, LOL. Another thing is strong network effects for a secure blockchain, that's what these dumbtarts will never understand. |
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BldSwtTrs
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Activity: 861
Merit: 1010
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March 12, 2015, 10:03:26 PM |
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We already knew a fiat-blockchain would come one day or another. They have no other choice than trying to do this.
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Norway
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March 12, 2015, 10:03:52 PM |
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"Unlike bitcoin, where the network is decentralized and there is no overseer, the proposed digital currency system would be controlled by central banks, the source said." Biggest facepalm ever, because decentralization is the #1 property that makes Bitcoin what it is. Truth is they have not the slightest idea how Bitcoin and the blockchain works, but they think it's cool and want to build their own, LOL. Another thing is strong network effects for a secure blockchain, that's what these dumbtarts will never understand. +1 |
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michaelGedi
Sr. Member
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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March 12, 2015, 10:04:00 PM |
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Just looks like a faster way for americans to get their dollars on an exchange to buy some bitcoin. Yes, and it's worth saying that IBM may in the end give up on rolling their own once they realize theirs will not be as secure as bitcoin. that's horrible news... one question would be, do people then get to mine dollars at home??  the other question would be, who the fuck is going to power the network? it is the sort of thing that would take the easy to understand bits of bitcoin to the average user though, make their life easier, without shifting their paradigm in a way that disturbs the "natural order" of things. That way they can keep deferring responsibility to the benevolent rulers who watch out for them... |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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March 12, 2015, 10:04:51 PM |
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I didn't think that this would be possible? |
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KryptoFoo
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March 12, 2015, 10:05:54 PM |
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Just looks like a faster way for americans to get their dollars on an exchange to buy some bitcoin. Yes, and it's worth saying that IBM may in the end give up on rolling their own once they realize theirs will not be as secure as bitcoin. that's horrible news... one question would be, do people then get to mine dollars at home?? the other question would be, who the fuck is going to power the network? it is the sort of thing that would take the easy to understand bits of bitcoin to the average user though, make their life easier, without shifting their paradigm in a way that disturbs the "natural order" of things. That way they can keep deferring responsibility to the benevolent rulers who watch out for them... why, the central banks can pay IBM to run the network of course!  If central banks approve the concept, IBM will build the secure and scalable infrastructure for the project. |
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michaelGedi
Sr. Member
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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March 12, 2015, 10:10:20 PM |
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why, the central banks can pay IBM to run the network of course! If central banks approve the concept, IBM will build the secure and scalable infrastructure for the project. ah yes, of course.. only skimmed it... |
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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March 12, 2015, 10:21:20 PM |
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"Unlike bitcoin, where the network is decentralized and there is no overseer, the proposed digital currency system would be controlled by central banks, the source said." Biggest facepalm ever, because decentralization is the #1 property that makes Bitcoin what it is. Truth is they have not the slightest idea how Bitcoin and the blockchain works, but they think it's cool and want to build their own, LOL. Another thing is strong network effects for a secure blockchain, that's what these dumbtarts will never understand. It's not clear how they will do this. If it's a centralized system it makes more sense to use PoS, other than that I don't really see why this should be done with blockchain technology at all. I see they want the wallets to come with the ledger, but if it's anything like the Bitcoin ledger they will have to release a light client fairly quickly and who's going to run a full client for IBM and the US government? I've got the feeling that they will just end up with a traditional centralized ledger stored on regular data centers and drop the blockchain component altogether as all the advantages of the blockchain is strongly linked to mining and decentralization. |
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coinableS
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Activity: 1442
Merit: 1179
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March 12, 2015, 10:25:15 PM |
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Truth is they have not the slightest idea how Bitcoin and the blockchain works, but they think it's cool and want to build their own, LOL. Another thing is strong network effects for a secure blockchain, that's what these dumbtarts will never understand.
You are absolutely 100% right, they have no real clue about bitcoin's purpose, how it works or why people are attracted to it. |
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bassclef
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March 12, 2015, 10:26:31 PM |
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"Unlike bitcoin, where the network is decentralized and there is no overseer, the proposed digital currency system would be controlled by central banks, the source said." Biggest facepalm ever, because decentralization is the #1 property that makes Bitcoin what it is. Truth is they have not the slightest idea how Bitcoin and the blockchain works, but they think it's cool and want to build their own, LOL. Another thing is strong network effects for a secure blockchain, that's what these dumbtarts will never understand. +1 +1000 Centralized digital currency won't work as there would be no need for a mining network. We have been through this a dozen times. |
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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March 12, 2015, 10:34:34 PM |
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any currency is by definition centralized.
they are talking about decentralized network and blockchain that will use USD and will be used by banks.
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coinableS
Legendary
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Activity: 1442
Merit: 1179
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March 12, 2015, 10:38:20 PM |
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any currency is by definition centralized.
they are talking about decentralized network that will use USD and that will be used by banks.
Yea guys, it's decentralized but it's ran by the central banks and has oversight by the government that can freeze and seize. It's for your own protection. Obey. |
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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March 12, 2015, 10:41:47 PM |
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any currency is by definition centralized.
they are talking about decentralized network and blockchain that will use USD and will be used by banks.
Yes, and....? |
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mcplant
Newbie
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Activity: 26
Merit: 0
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March 12, 2015, 10:43:14 PM |
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looks like stamp has taken control over the price today going both up and down.
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Norway
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March 12, 2015, 10:53:45 PM |
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IBM, do they still exist? I remember the year 2000. I was working as chief programmer for a over-funded company wanting to make a "social interactive multiplayer online travel-game in the browser (flash)". I'm not kidding, I was sitting in a chesterfield chair while programming and running the development. The times were crazy! I made 100k USD a year! And I teached myself PHP/MySQL/Flash while working for them! (Getting paid while going to school, ha ha). I actually managed to make the game in time, and even make it a lot better than expected. But here I go, ranting about the good ol' days. What happened during this period was this: The management knew that people from India were skilled programmers (for a reasonably price). So they hired an Indian guy, 50 years old, had been working for IBM in the states, now living in Norway. They hired him as my assistant without even consulting me, ha ha  Crazy times.... I spent A LOT OF TIME trying to teach him Flash. After a while, I understood that this sweet, Indian guy could never contribute to the project. It was the day that I had to show him how to type the "$" symbol with a standard keyboard. Long story short: Does IBM still exist? |
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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March 12, 2015, 10:53:52 PM |
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any currency is by definition centralized.
they are talking about decentralized network that will use USD and that will be used by banks.
Yea guys, it's decentralized but it's ran by the central banks and has oversight by the government that can freeze and seize. It's for your own protection. Obey. central banks will run the coins, but the network will be run by IBM I guess. you will be the only one able to access your wallet with keys. bitcoin is super secure but they still managed to seize ross' coins. so they can fuck you one way or another. |
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