Bitcoin will fail

[foggyb]

Self-contradict much?

[CtrlAltBernanke420]

Self-contradict much?

If you want a currency that cannot be debased, satoshi needs to be treated like 1 dollar. And this really drives the point that miners are central banks whos duty it is to inject capital into the markets. Otherwise its irrational beavertail trading. No big company will want to touch, and nor should it be allowed to obtain a bitcoin unless a miner agrees the corporation deserves it. IE treats its employees/customers fairly, fair value for it products, actually produces benefical services(goodbye weapons manufacturers/war)

If that ever happened I would trust bitcoin as a stable, strong, safe currency, aside from being a speculative casino with an unknown intrinsic value, as it is pegged to nothing.

[glendall]

I will never argue with the market itself, as I beleive the market is always right, yet historically it is often wrong..(other global markets)

Statements like these are sort of a red flag to me. If you make statements like this, there isn't much point in discussing topic with you in a thread (or any other), because you are not making logical points.   If 1+1=3 while 2+1=3 then it would be worthwhile for me to try to convince you of something.

(With the legitimate exception of a mistake made, or a typo....)

[franky1]

Good thing you made this important discovery that we all missed. Crap, well... Go ahead and send me all your worthless coins and I will see to it that they are disposed of. 

I am not a miner. The speculators(me) have a potential role to create an inflated value by buying bitcoins at an exchange as I think they might be worth something one day. But based on what I see already, they will not be once people realize there is no where to spend them.

If all you care about is the gold 2.0, understand the dollar wins! Similar to money, it is a tool, not a store of value.

You intend to buy btc at an exchange, but want others to hand you Thiers to cash out for your farm?

I guess you missed out the half a dozen routes you could have taken to not require bit coin investors.

Tip:
Find a cheap farm shop buy veg, sell veg...
Firstly compared to just speculatively buying coin direct from fiat, at let's say a high of $138. Buying just $90 of veg at wholesale price can be sold for profit to net you a whole bit coin.
Sell that bit coin for fiat. Get a return of over $130, after fee's. Rinse repeat, while you wait till next year to buy land, as its a bit late to buy land churn the soil, sow the seed to get a harvest complete by this summer.

So do some wholesale-retail  until winter so that your ready for buying land, to start growing next year, then next year you will have the service running, but becoming more self reliant on stock as oppose to buying in... which means less cashing out

[CtrlAltBernanke420]

I will never argue with the market itself, as I beleive the market is always right, yet historically it is often wrong..(other global markets)

Statements like these are sort of a red flag to me. If you make statements like this, there isn't much point in discussing topic with you in a thread (or any other), because you are not making logical points.   If 1+1=3 while 2+1=3 then it would be worthwhile for me to try to convince you of something.

(With the legitimate exception of mistake made, or a typo....)

I hear you and I a bit confused. I have been trading for years. If in 2007 the markets new what was going to happen 2 years later, it would not have traded up 14,500.  If you want to make money, follow the trend. If you want to make a point, argue with the market.

Clearly though the market was wrong. Yet its always right.

You for sure cannot put a kenysian economist in a room with a austrian economist and then expect them to agree. I have my philisophical beliefs of what I think bitcoin is ment to be used as, and then there is the reality outside my window.. or on my comp screen. I can not say I trust bitcoin to hold its value.

[Birdy]

I will never argue with the market itself, as I beleive the market is always right, yet historically it is often wrong..(other global markets)

Statements like these are sort of a red flag to me. If you make statements like this, there isn't much point in discussing topic with you in a thread (or any other), because you are not making logical points.   If 1+1=3 while 2+1=3 then it would be worthwhile for me to try to convince you of something.

(With the legitimate exception of mistake made, or a typo....)

I hear you and I a bit confused. I have been trading for years. If in 2007 the markets new what was going to happen 2 years later, it would not have traded up 14,500.  If you want to make money, follow the trend. If you want to make a point, argue with the market.

Clearly though the market was wrong. Yet its always right.

You for sure cannot put a kenysian economist in a room with a austrian economist and then expect them to agree. I have my philisophical beliefs of what I think bitcoin is ment to be used as, and then there is the reality outside my window.. or on my comp screen. I can not say I trust bitcoin to hold its value.

You contradict yourself in the same sentence.
If you aren't able to see that, then obviously you are not able to make any logical conclusions, thus discussing with you is completely useless.

[RodeoX]

I think many of the things you say aren't happening in the bitcoin economy are happening. Bitcoin is becoming huge with the investor set. It does have great utility and intrinsic value. I love that I can buy something with confidence from an untrusted source on the other side of the planet. And with negligible fees.
To say that bitcoin has no real value is going to be an uphill argument when speaking to people at these forums who have made tens or hundreds of thousands of dollars. I save some money every time I buy with bitcoin.
No value? How come I can buy gold bars and real estate with no value?

[CtrlAltBernanke420]

I will never argue with the market itself, as I beleive the market is always right, yet historically it is often wrong..(other global markets)

Statements like these are sort of a red flag to me. If you make statements like this, there isn't much point in discussing topic with you in a thread (or any other), because you are not making logical points.   If 1+1=3 while 2+1=3 then it would be worthwhile for me to try to convince you of something.

(With the legitimate exception of mistake made, or a typo....)

I hear you and I a bit confused. I have been trading for years. If in 2007 the markets new what was going to happen 2 years later, it would not have traded up 14,500.  If you want to make money, follow the trend. If you want to make a point, argue with the market.

Clearly though the market was wrong. Yet its always right.

You for sure cannot put a kenysian economist in a room with a austrian economist and then expect them to agree. I have my philisophical beliefs of what I think bitcoin is ment to be used as, and then there is the reality outside my window.. or on my comp screen. I can not say I trust bitcoin to hold its value.

You contradict yourself in the same sentence.
If you aren't able to see that, then obviously you are not able to make any logical conclusions, thus discussing with you is completely useless.

I am sorry I see what i said that contradictory. I would like to replace, convential market philosophy, is that the market is never wrong.... yet historically it is often wrong. IE if you began to short the market in 2004, techically you would be right based on reasons XYZ that are now very apparent today, yet, if you did not argue with the market, you could have made a killing between 2004-2007, only when the technicals indicated things have rolled over as volatility increased.  My conclusion, I do not trust the price of bitcoin to stay elevated, yet if the market technicals say its going higher, I will be long bitcoin.

[CtrlAltBernanke420]

I think many of the things you say aren't happening in the bitcoin economy are happening. Bitcoin is becoming huge with the investor set. It does have great utility and intrinsic value. I love that I can buy something with confidence from an untrusted source on the other side of the planet. And with negligible fees.
To say that bitcoin has no real value is going to be an uphill argument when speaking to people at these forums who have made tens or hundreds of thousands of dollars. I save some money every time I buy with bitcoin.
No value? How come I can buy gold bars and real estate with no value?

because the fed props up the value of houses. Gold.. well i do not understand golds place in this world yet. We might figure that one out in a few years.

[QuestionAuthority]

Where the fuck is cypherdoc when you need him? lol

[Geez]

You see, my actual goal is find investors to invest in a farm and produce worthy tangible items. So I would need a miner to invest bitcoin in me at a rate that is not worthless, but about 6-8$/btc

That is the laziest scam attempt, I have ever seen.

[CtrlAltBernanke420]

You see, my actual goal is find investors to invest in a farm and produce worthy tangible items. So I would need a miner to invest bitcoin in me at a rate that is not worthless, but about 6-8$/btc

That is the laziest scam attempt, I have ever seen.

Your logic is what prevents bitcoin from becoming what it needs to be. And it wasnt easy to mine the bitcoins, as soon as you learned of it, the logical race was scale up computing power. Electricity from the wall into millions of dollars. in a world in which millions to hundreds of millions = highest echelon. If that is  not lazy, idk what is..

Grant the Fed does this already, but the federal reserve played a major role the creation of the economy around us. If everyone of us had to front end the labor vs wealth, which is what they did, you get what we currently have. debt payed through slavery.

How hard do you want me to work in order to buy a farms worth of produce sustainably, consistently. Do you really just expect me to find a corporation, hand one of you miners hundreds of millions of dollars for your 'precious' coins to invest in a sustainable project. Especially if i am the government and i am force to just kick you off your property in order to cultivate it. And if they dont do that, who will.

Dark days lay ahead with your misguided attitude. Thank you also for attempting to cast me out of context.  Not that you do not make a fair point in the general mockery attitude that prevails far beyond just you, but the honest conversations with good intentions, hard, loyal work, is something that will pervade you. The potential beauty of bitcoin is that if forces these intelligent conversations to occur with the right and capable minds at work. Bitcoin has made wealth physically intangible, but that brings moral duty to make it sound money.

[CurbsideProphet]

OP,

Just yesterday you were printing up flyers and calling yourself a Bitcoin consultant.  Today, you've done a complete 180 and are now saying Bitcoin will fail.  Unless you can point to some fundamental change in Bitcoin over the last 24 hours or so, it sounds like you're just venting your personal failed endeavors, not Bitcoin.

[Geez]

You can already buy things with Bitcoin and more and more stores accept Bitcoin as a payment.
Nobody will give you Bitcoins so you can build your stupid farm. lol

[djalexr]

. I do not care about divisibilty as that is akin to inflation.

i hope the OP is a troll, posts like these make me lose faith in humanity!

[ThatDGuy]

. I do not care about divisibilty as that is akin to inflation.

i hope the OP is a troll, posts like these make me lose faith in humanity!

The weak hands will look back with regret some day.

If it makes you feel any better, BTC's growth and history so far gives me great hope for humanity

[wopwop]

. I do not care about divisibilty as that is akin to inflation.

i hope the OP is a troll, posts like these make me lose faith in humanity!

The weak hands will look back with regret some day.

If it makes you feel any better, BTC's growth and history so far gives me great hope for humanity

99,99% of ppl here are here only for greed, thats you included (you're implying you hold bitcoins to become rich by saying ppl who dont hold bitcoins will regret it, logically implying you're betting that its value in real terms will increase for your own good)

how's your hope for humanity now?

[SgtSpike]

I think OP has 420'd a few too many times.   

[TippingPoint]

<snip>

Learn to be still.

[ThatDGuy]

. I do not care about divisibilty as that is akin to inflation.

i hope the OP is a troll, posts like these make me lose faith in humanity!

The weak hands will look back with regret some day.

If it makes you feel any better, BTC's growth and history so far gives me great hope for humanity

99,99% of ppl here are here only for greed, thats you included (you're implying you hold bitcoins to become rich by saying ppl who dont hold bitcoins will regret it, logically implying you're betting that its value in real terms will increase for your own good)

how's your hope for humanity now?

Wow.

That's some amazing anecdotal evidence on the statistics you have there, thank you very much for enlightening me.  /s

If you honestly think greed is the only reason BTC is what it is today, you need to pay attention and read more.  A lot more.

Also, greed is hardly the only reason why I am here - it's a little something I like to call "not being a fucking idiot".

I believe in the underlying technology and it's potential for the future.  That is true.  If that is true, then it is logically implied that I want to have a part of it now.  This is for a plethora of reasons that, which you were unfortunately unable to divine.  

• I anticipate further adoption
• I have and will continue to use it, and encourage retailers to accept it
• I'm working with others on projects that utilize BTC
• Through using it, trading it, owning it I'm increasing my knowledge base about a very disruptive technology

I don't doubt that there's plenty of people here for greed, but for you to assume

99,99% of ppl here are here only for greed

says more about your own reasons than it does any other individual's - much less an entire community.