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KeyserSoze
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February 16, 2014, 01:42:33 AM |
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Exactly, I think you are saying that fundamentally Bitcoin will fail, but you don't give us a reason why. Why does it have no future?
His argument boils down to "crypto will fail because there's lots of crypto." And he wants us to respect his opinion because he's a teacher. Appeal to authority fallacy doesn't work well around here. |
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Davyd05
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February 16, 2014, 01:44:18 AM |
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I will be happy, and count it as a success, if bitcoin becomes a viable and attractive alternative to credit cards for legal international payments via internet.
I can agree with that statement if you omit legal. Legal isn't equivalent to moral and in many cases is the opposite. I'm not sure why we should judge anything by whether or not it is legal. HSBC flirts with legality, they sure don't do moral well either lol... |
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KFR
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February 16, 2014, 01:48:49 AM |
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Note that I have not opened an account anywhere. You know I'm a fan (kinda  ) but I honestly don't understand how you can carry out your research without having dabbled in these things yourself. Sign up to an exchange or two and take a look at their systems at least. Better yet, buy a bitcoin and dabble in the altcoin markets at somewhere like Vircurex. What harm could it do?  |
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JorgeStolfi
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February 16, 2014, 01:52:21 AM |
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I will be happy, and count it as a success, if bitcoin becomes a viable and attractive alternative to credit cards for legal international payments via internet.
I can agree with that statement if you omit legal. Legal isn't equivalent to moral and in many cases is the opposite. I'm not sure why we should judge anything by whether or not it is legal. I agree that "legal" is not "moral" and often opposite to it. But I am not a libertarian -- I believe that government, laws, taxes, etc. are necessary, we must fight to improve them, not to abolish them. So what I meant is: if bitcoin will only (or mostly) be used for illegal activities, I wiill not consider it as being a success. Not that I think that to be very likely, though. Given Silk Road and all that, I would say that bitcoin is worse than banks for those purposes... |
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medialab101
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February 16, 2014, 01:55:26 AM |
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I think it was Voltaire who is supposed to have said: "I do not agree with what you have to say, but I'll defend to the death your right to say it."
Thanks to all the Voltaires who welcomed me here, moer or less I will try to keep my negativism to myself. I wish that things turn out as well as possible for everybody... Negativity is fine. Like when people say "Gox is a &%$# rat hole and needs to die." It's fine because it is objectively verifiable and based on deep engagement and understanding (sarcasm - but sadly true). It's important to have dissension otherwise we are just in a big echo chamber which puts us at risk of confirmation bias. The important thing is that there is understanding and verifiability to back negative findings, not just blunt skepticism. I welcome your expertise Jorge and hope you are active in the forums. I just would appreciate some more background to contexualize your skepticism. |
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barbs
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February 16, 2014, 01:58:11 AM |
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just wanted to chime in and say fuck you MT Gox
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medialab101
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February 16, 2014, 01:59:16 AM |
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HUGE green candle on Gox  |
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medialab101
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February 16, 2014, 02:00:05 AM |
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just wanted to chime in and say fuck you MT Gox
They made me boatloads of (theoretical) money this week... but I still hate them. |
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medialab101
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February 16, 2014, 02:01:38 AM |
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From ~365 to ~550 in under 30 seconds!!! |
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Patel
Legendary
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Activity: 1321
Merit: 1007
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February 16, 2014, 02:01:45 AM |
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Gox  choo choo |
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KeyserSoze
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February 16, 2014, 02:01:50 AM |
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I have yet to see a convincing model (with numbers) of the bitcoin economy in the bright future; much less how we can get from here to there without being steamrolled along the way by banks, governments, and other competitors like Apple and PayPal. (I read somewhere that PayPal is already blocking any payment related to bitcoin.)
Having trouble believing you're who you say you are yet don't remember how the internet grew, or more importantly what it grew from? It didn't just spring to life as we know it today. Your trouble understanding how Bitcoin could (not necessarily will) survive all this shows you still need to do research into how/why it works. It may work better with "permission" from government, banks, but it doesn't need permission. The fast increase in value, for example, seems to have attracted a lot of undesriable players (greedy speculators, shady investors, incompetent businessmen, scammers...) which are already harming the project's image.
Again, a professor of computer science and you're not aware of how technology grows? Fledgling technologies are rife with just the type of participants you mention above. Don't forget drugs, porn and pedophiles while you're trying to besmirch crypto. By the way, it weren't for those awful greedy speculators Bitcoin wouldn't be worth anything. Dang man, have you done zero research? This has all been covered. I would expect more from a teacher, which is why I believe you're here to spread bear FUD under the guise of "academic purposes." Again, I'm sorry your purchase at $1200 didn't pan out in a few months as you expected. Just hold tight. It'll rise again. |
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bizz
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February 16, 2014, 02:02:15 AM |
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f@ck me that was waited for so long
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JorgeStolfi
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February 16, 2014, 02:02:44 AM |
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His argument boils down to "crypto will fail because there's lots of crypto."
Not at all. The existence and survival of altcoins only invalidates the old "proof" that the price of a bitcoin will be astronomical because there are only 21 million of them. Cryptos (including Bitcoin) may still succed as methods of payment, and if so each obviously will have some price. How that price will be set, and how many figures it will have in USD --- I don't see how we can tell at this time. |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 16, 2014, 02:03:02 AM |
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KeyserSoze
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February 16, 2014, 02:03:27 AM |
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Would he need to download the software and/or create a private wallet in order to open an account at Huobi? No offense intended but you seem to have a very tenuous grasp on how Bitcoin works. Before you start making grand predictions about it's future maybe you should spend some more time educating yourself about its inner workings. +1 |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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February 16, 2014, 02:03:32 AM |
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yeaaaaa
and yes I agree. next thing this guy is gona say is "when 21m comes tehy will prob just maek moar bticouins so not rele deflitinaary"
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podyx
Legendary
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Activity: 2338
Merit: 1035
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February 16, 2014, 02:05:23 AM |
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smart fella on gox right there, but he probably could of liquadeted it better lol
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KeyserSoze
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February 16, 2014, 02:05:28 AM |
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I welcome Jorge but I ask that he moderate his negative views until he has a better understanding and until he has some way to substantiate the basis for his negative claims. But I must admit, I do like Jorge and I hope that he stays with us in the forums.
bingo! |
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