Wekkel
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yes
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January 22, 2019, 12:28:57 PM |
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Is the Coindesk summary of the BIS report on Bitcoin true? The document’s overall conclusion is that, according to the researchers, “in the digital age too, good money is likely to remain a social construct rather than a purely technological one.”
Hardly a new or worrying conclusion. The core of the matter is and remains: is it 'good money'... (at least, better than fiat). We know the answer
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RayX12
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January 22, 2019, 12:33:52 PM |
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Ouch! Some bear got burned! That whiplash has Arthur Hayes signature.
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Last of the V8s
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Be a bank
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January 22, 2019, 12:36:40 PM |
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The majority of this thread are from eu, usa, asia or.....??
moon? quite! very few asian regulars here, maybe raja, Dabs (long time no see) +? some antipodeans surely - Hairy +? otherwise maybe half and half born in europe/british isles or north america ? so no Africans or Latin Americans? there was a guy from s africa long ago (not Spagni) finally, was that professor guy/troll S American?
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RayX12
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January 22, 2019, 12:41:39 PM |
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The majority of this thread are from eu, usa, asia or.....??
moon? quite! very few asian regulars here, maybe raja, Dabs (long time no see) +? some antipodeans - Hairy +? otherwise maybe half and half born in europe/british isles or north america ? so no Africans or Latin Americans? there was a guy from s africa long ago (not Spagni) finally, was that professor guy/troll S American? Ecuador here.
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Last of the V8s
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Be a bank
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January 22, 2019, 12:44:48 PM |
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niceee ^ tell us more?
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RayX12
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January 22, 2019, 01:02:57 PM |
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niceee ^ tell us more?
Long story... got interested in Black Coin way back and mined it for a while. Did not sell on the big pump.. Of course I have no BC now . Born in Ecuador, studied and worked in the USA. Been back to EC since 2002. Proud owner of BTC along with shit coins. Did not sell on the big pump! Hodler at heart or fool? Time will tell.
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Hueristic
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Doomed to see the future and unable to prevent it
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January 22, 2019, 01:05:21 PM |
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I experience a churning of my stomach when I see non-sense like that. It is a sign of desperation, like you are suggesting, and it there is a kind of "holy cow" regarding the level of misinformation that is presented by the underlying assertion. Some folks don't realize that the "holy shit" of bitcoin is wrapped up in its proof of work, so proof of work is a feature, not a bug. Proof of work causes bitcoin incentive, and like you suggested, paashaas, will continue to generate incentives that cause the downfall of the whole financial system, causing value to flow into bitcoin. The audacity of the article seems to show that there are many traditional financial incumbents who will be willing to battle quite strenuously to spread their nonsense about bitcoin supposedly being flawed, when in fact they are pointing out central features.. namely POW in this case. By the way, bitcoin is stubborn and very difficult to change, too, and that remains as a feature rather than a bug to defend against misinformation campaigns that try to get bitcoin to become paypal-like, so stop whining about how stubborn and "inefficient" bitcoin is you fucking bank shill bitcoin naysayers. terse your point? I like.
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Last of the V8s
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Be a bank
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January 22, 2019, 01:06:09 PM |
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niceee ^ tell us more?
Long story... got interested in Black Coin way back and mined it for a while. Did not sell on the big pump.. Of course I have no BC now . Born in Ecuador, studied and worked in the USA. Been back to EC since 2002. Proud owner of BTC along with shit coins. Did not sell on the big pump! Hodler at heart or fool? Time will tell. tyvm. so great you went back. not a fool, wait for the really big pump after next. is there a bitcoin scene there? how good is the internet there?
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Hueristic
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Doomed to see the future and unable to prevent it
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January 22, 2019, 01:06:51 PM Last edit: January 22, 2019, 01:23:12 PM by Hueristic |
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Anyone who has time to complain about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them.
QFT. +1 What he said. What if they used the time, then figured out the solutions and then realized every one of those solutions would get them killed so decided to just sit back and complain until someone else finds a better solution that doesn't get them killed? I can't even figure out what you are getting at. Working on life will get you killed? I guess in some sense. In the long run, we're all dead. Life is hard. Buck up, bucko - or get lapped by those willing to put in the work. It's obvious you don't and should consider yourself lucky for it, and it has nothing to do with putting in work.
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Hueristic
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Doomed to see the future and unable to prevent it
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January 22, 2019, 01:08:26 PM |
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Damn, I pretty patient when it comes to long term shit but this is getting ridiculous.
I've got bad news for you, friend... Scary times. :/
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Hueristic
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Doomed to see the future and unable to prevent it
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January 22, 2019, 01:15:09 PM |
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No one is asking for life to be fair. It isn't.
Just don't deceive yourself that you hit a home run because you happened to be born on third base.
QFT, No matter what anyone says all men(read people) are not created equal, all we can do is to strive for all men to have equal opportunity.
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Hueristic
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Doomed to see the future and unable to prevent it
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January 22, 2019, 01:21:27 PM Last edit: January 25, 2019, 04:32:41 AM by Hueristic |
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He's trying to explain to the dumbasses you are that saying something as stupid as "if you have time to complain you don't deserve to go up" that maybe, JUST MAYBE, there is a more systematic problem and that success is absolutely not linked to hardwork.
Shut the fuck up and get your head out of your ass.
Anyone saying that success is linked to hardwork deserves to be let alone in any third world country to see how their hardwork will be rewarded. Or in any poor family in any Western country.
Assholes.
IOU +sM Once we free ourselves from being "victims" of circumstances then the sky is truly the limit.
Or you can be born into privilege and not have to "free" yourself of anything. IOU +sM .. Some folks don't realize that the "holy shit" of bitcoin is wrapped up in its proof of work, so proof of work is a feature, not a bug. Proof of work causes bitcoin incentive, and like you suggested, paashaas, will continue to generate incentives that cause the downfall of the whole financial system, causing value to flow into bitcoin. The audacity of the article seems to show that there are many traditional financial incumbents who will be willing to battle quite strenuously to spread their nonsense about bitcoin supposedly being flawed, when in fact they are pointing out central features.. namely POW in this case.
.....
terse JGJ is anything but terse. Your one word reply is autological and weird ! Thank you good sir, very observant, +1 WO for U
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RayX12
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January 22, 2019, 01:22:25 PM |
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niceee ^ tell us more?
Long story... got interested in Black Coin way back and mined it for a while. Did not sell on the big pump.. Of course I have no BC now . Born in Ecuador, studied and worked in the USA. Been back to EC since 2002. Proud owner of BTC along with shit coins. Did not sell on the big pump! Hodler at heart or fool? Time will tell. tyvm. so great you went back. not a fool, wait for the really big pump after next. is there a bitcoin scene there? how good is the internet there? Small BTC community but I do not participate; I live in the mountains away form civilization. Internet is very good in the main cities in Ecuador. I have very good internet in my hidden crater via antennas that I installed. You can visit me here: http://pululahua-ecolodge.com/Pay with BTC or shitcoins if you like.
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kenzawak
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January 22, 2019, 01:26:31 PM |
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Wow just wow ! Lucky you ! EDIT : oh wait, no pizzeria around ? Got it, you make your own in your restaurant. Damn...
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wachtwoord
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January 22, 2019, 01:28:50 PM Merited by JayJuanGee (1) |
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As with the other BIS news item of the day, it is 100% clear they are lying. They are smart enough to know Bitcoin fulfils many characteristics of store of wealth (in fact it fulfils all better than any alternative) yet claim it doesn't. They claim store of wealth as a characteristic of a good form of money but glance over the fact that fiat currency is not. Now they try to trick Bitcoin into destroying itself by giving up decentralization by replacing POW (after a long bullshit smear campaign calling Bitcoin mining wasteful and bad for the environent). It seems like they are becoming desperate. Their campaign will likely (unfortunately) work to overturn Brexit (scaring and shaming the British public into voting remain in a second referendum) but will they succeed with Bitcoin? Their first social engineering attacks failed in the second half of 2017 (bcash en segwit2x). As well as their attacks through the corruption of Mike Hearn and Gavin Andresen. Will this fail this time as well? I believe so but time will tell I guess. These are not small players ...
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Last of the V8s
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Be a bank
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January 22, 2019, 01:29:18 PM |
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niceee ^ tell us more?
Long story... got interested in Black Coin way back and mined it for a while. Did not sell on the big pump.. Of course I have no BC now . Born in Ecuador, studied and worked in the USA. Been back to EC since 2002. Proud owner of BTC along with shit coins. Did not sell on the big pump! Hodler at heart or fool? Time will tell. tyvm. so great you went back. not a fool, wait for the really big pump after next. is there a bitcoin scene there? how good is the internet there? Small BTC community but I do not participate; I live in the mountains away form civilization. Internet is very good in the main cities in Ecuador. I have very good internet in my hidden crater via antennas that I installed. You can visit me here: http://pululahua-ecolodge.com/Pay with BTC or shitcoins if you like. Gosh aren't you the dark horse. That looks fantastic, so beautiful and fascinating. You deserve to be fully booked now. Just wow! PS love the dogs
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Hueristic
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Activity: 3948
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Doomed to see the future and unable to prevent it
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January 22, 2019, 01:31:34 PM |
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JGJ is anything but terse.
Your one word reply is autological and weird !
I had to look up "autological," but I already understood the meaning of weird. LMFAO, I'm not sure if it's the lack of sleep or not but this thread is fucking funny this morning. If this shit gets below 2k, let alone 1k, then I'm selling everything including my skivvies and living on a street for a year! Well the skivvies don't go until 1.5k!
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RayX12
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January 22, 2019, 01:36:30 PM |
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Wow just wow ! Lucky you ! EDIT : oh wait, no pizzeria around ? Got it, you make your own in your restaurant. Damn... My wife make it! Yes I feel really lucky.
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Hueristic
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Activity: 3948
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Doomed to see the future and unable to prevent it
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January 22, 2019, 01:37:10 PM |
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Is it that ant for antminer? Didn't know chinese was a per-requiset. Two major executives of Komid, a cryptocurrency exchange platform based in South Korea, have been sentenced to prison, according to a report by local Korean news outlet Blockinpress.
The two individuals were convicted of falsifying trading volumes on the exchange. Choi Hyunsuk, CEO of Komid, is one of the indicted individuals. He was given a three-year sentence for his role in the scam, while the other executive, In-House Director Park Mo, is set to be jailed for two years as well. https://www.ccn.com/korean-crypto-exchange-executives-fake-trading-volumes-earn-prison-sentences/Guys whats going on? Is this the reason for the dump? Which dump and when? I don't have my time travel machine warmed up yet, Bart time right now.
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