Bitcoin: Believer, or not

[benjamindees]

I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.

How are they doing that??

I think he means the pump-and-dump attempts.

Specifically, I mean those trying to push up the price via regulation.  It can only end badly.

[1714803833]

1714803833

[1714803833]

1714803833

[1714803833]

1714803833

[ArbitrageX]

I see the value going to $0.00.

XRP will overtake.  Is this not obvious?  Do people really like waiting 10 minutes for a transaction?

[myrkul]

Specifically, I mean those trying to push up the price via regulation.  It can only end badly.

Trying to push the price up via regulation?

[Rassah]

I see the value going to $0.00.

XRP will overtake.  Is this not obvious?  Do people really like waiting 10 minutes for a transaction?

You do know XRP is not actually money, is not suppose to be worth anything, and is just placeholders for IOUs, right? I hope you didn't sell all your bitcoins to "invest" in XRP 

[myrkul]

I see the value going to $0.00.

XRP will overtake.  Is this not obvious?  Do people really like waiting 10 minutes for a transaction?

You do know XRP is not actually money, is not suppose to be worth anything, and is just placeholders for IOUs, right? I hope you didn't sell all your bitcoins to "invest" in XRP 

In other words, it's just like FRNs?

[Rassah]

I see the value going to $0.00.

XRP will overtake.  Is this not obvious?  Do people really like waiting 10 minutes for a transaction?

You do know XRP is not actually money, is not suppose to be worth anything, and is just placeholders for IOUs, right? I hope you didn't sell all your bitcoins to "invest" in XRP 

In other words, it's just like FRNs?

FRN is supposed to be money that's supposed to hold value at least. XRP can be made worthless at any time due to the company behind Ripple holding billions of them and just giving them out for free (I got 20,000 just yesterday)

[benjamindees]

Specifically, I mean those trying to push up the price via regulation.  It can only end badly.

Trying to push the price up via regulation?

Yes.  I'm surprised you don't recognize this.  The US currency (the global reserve currency) is a centralized, money-printing extortion racket.  Bitcoin only has value in terms of this racket if it can be controlled, and if it can be used to control others.

The neckbeard morons at the Bitcoin Foundation and the shady venture capitalists controlling it have spent the last year trying to fit Bitcoin into this system, in the hopes that they can cash out once Bitcoin is totally controlled and the price in USD skyrockets.

[myrkul]

Specifically, I mean those trying to push up the price via regulation.  It can only end badly.

Trying to push the price up via regulation?

Yes.  I'm surprised you don't recognize this.  The US currency (the global reserve currency) is a centralized, money-printing extortion racket.  Bitcoin only has value in terms of this racket if it can be controlled, and if it can be used to control others.

The neckbeard morons at the Bitcoin Foundation and the shady venture capitalists controlling it have spent the last year trying to fit Bitcoin into this system, in the hopes that they can cash out once Bitcoin is totally controlled and the price in USD skyrockets.

Ah. Well, I've not really followed the bitcoin foundation much. I tend to ignore anyone who presumes to think he can tell me what I can and cannot do with my property.

[Rassah]

The neckbeard morons at the Bitcoin Foundation and the shady venture capitalists controlling it have spent the last year trying to fit Bitcoin into this system, in the hopes that they can cash out once Bitcoin is totally controlled and the price in USD skyrockets.

Controlling it how? Are they running a mining pool?

[Spendulus]

The neckbeard morons at the Bitcoin Foundation and the shady venture capitalists controlling it have spent the last year trying to fit Bitcoin into this system, in the hopes that they can cash out once Bitcoin is totally controlled and the price in USD skyrockets.

Controlling it how? Are they running a mining pool?

No.  They are the Illuminati.

Set against us.

The Inebriati.

[Snowfire]

Do the Inebriati drink single malt, or cheap rotgut?

[Spendulus]

Do the Inebriati drink single malt, or cheap rotgut?

Many feel the calling, but few are chosen.

After Initiation into the Inner Sanctum, when one feels the spirits come over him, then forth they proceed with only the finest VSOP Cognacs.

Thus shall ye be guided by the Spirits.

[AlgoSwan]

The neckbeard morons at the Bitcoin Foundation and the shady venture capitalists controlling it have spent the last year trying to fit Bitcoin into this system, in the hopes that they can cash out once Bitcoin is totally controlled and the price in USD skyrockets.

Controlling it how? Are they running a mining pool?

Unless BTC exchanges remove any fiat money from trades, controlling (manipulating) BTC prices will be so easy for the big (bad) guys. So, they don't need a mining pool at all.

[Rassah]

The neckbeard morons at the Bitcoin Foundation and the shady venture capitalists controlling it have spent the last year trying to fit Bitcoin into this system, in the hopes that they can cash out once Bitcoin is totally controlled and the price in USD skyrockets.

Controlling it how? Are they running a mining pool?

Unless BTC exchanges remove any fiat money from trades, controlling (manipulating) BTC prices will be so easy for the big (bad) guys. So, they don't need a mining pool at all.

By "controlling" I guess you mean "buying and selling on the open market?" That method of manipulating prices doesn't really work, since it results in selling your stash to others on the market, who will just take your thrown away money and keep it.

[myrkul]

The neckbeard morons at the Bitcoin Foundation and the shady venture capitalists controlling it have spent the last year trying to fit Bitcoin into this system, in the hopes that they can cash out once Bitcoin is totally controlled and the price in USD skyrockets.

Controlling it how? Are they running a mining pool?

Unless BTC exchanges remove any fiat money from trades, controlling (manipulating) BTC prices will be so easy for the big (bad) guys. So, they don't need a mining pool at all.

By "controlling" I guess you mean "buying and selling on the open market?" That method of manipulating prices doesn't really work, since it results in selling your stash to others on the market, who will just take your thrown away money and keep it.

I suppose option 2 for "controlling" a market valued in fiat is to inflate and deflate your currency, so as to manipulate the price, as valued in that fiat. Seems a bit excessive, though.

[Walter Rothbard]

The neckbeard morons at the Bitcoin Foundation and the shady venture capitalists controlling it have spent the last year trying to fit Bitcoin into this system, in the hopes that they can cash out once Bitcoin is totally controlled and the price in USD skyrockets.

Controlling it how? Are they running a mining pool?

Unless BTC exchanges remove any fiat money from trades, controlling (manipulating) BTC prices will be so easy for the big (bad) guys. So, they don't need a mining pool at all.

By "controlling" I guess you mean "buying and selling on the open market?" That method of manipulating prices doesn't really work, since it results in selling your stash to others on the market, who will just take your thrown away money and keep it.

Shh!  You're interfering with our ability to blame boogeymen!

[Rassah]

Shh!  You're interfering with our ability to blame boogeymen!

But... but... but... market efficiency 

[Spendulus]

Shh!  You're interfering with our ability to blame boogeymen!

But... but... but... market efficiency 

Is why Inebriati always win.

[Zaih]

Cryptocurrencies are the future!

I'd be more than happy with Bitcoin being the ONE though. But that seems some what unlikely.

[Lethn]

Where's the 'I believe in Bitcoin but I think it's probably going to be superseded by something better' option?