I have seen the light

[lophie]

The Dunning–Kruger effect is a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than average. This bias is attributed to a metacognitive inability of the unskilled to recognize their mistakes.

Actual competence may weaken self-confidence, as competent individuals may falsely assume that others have an equivalent understanding. David Dunning and Justin Kruger of Cornell University conclude, "the miscalibration of the incompetent stems from an error about the self, whereas the miscalibration of the highly competent stems from an error about others".

So we had one person who wasn't aware of the basic principles relating to the argument (the "incompetent"), and one person who was. (The "competent.") The "competent" grew irritated that the incompetent did not possess the equivalent understanding. ("Error about others.") The "incompetent" at first was unaware of this issue ("Error about the self.")

Although, we have to start with the assumption that in any given argument, there is an objectively 'competent' set of knowledge. So someone with a different opinion on the criterion for competence could place the actors in reverse roles - i.e. the person demanding that their opponent understand the basic principles (as explained by voorhees) could be placed in the role of the incompetent with illusory superiority. It all depends on whether or not you're a socialist weenie, I guess. 

I really like this, Like what I always say, "You can be sure you are mistaken when you think you are absolutely right"

[bitcoinbear]

Bitcoin is backed by:
Distributed trust
Ease of transactions
Hardcoded rarity

Trust is fickle, and as the Pirate fiasco (and all the people who had lent money to him) showed, trust can fail and ripple through the whole economy.

Bitcoins are easy if the sender and receiver already have set up bitcoin accounts and you have a way to copy-paste the address. Trying to get one of the parties set up is difficult and giving an address over the phone is almost impossible.

The base money supply of bitcoins is hardcoded to a certain level, but credit monies can be built on top of it, like by using ripple to exchange BTC.

[BitChick]

The bible says that money is the root of all evil.

Quote that? I believe it actually says the love of money is the root of all evil.

New International Version (©2011)
"For the love of money is a root of all kinds of evil.

II have seen this misquoted so many times.  The LOVE of money is the root of ALL KINDS of evil, not all evil.

Money is not evil in itself but I think everyone could agree that loving it can lead to some serious problems for sure.

Loving money is silly. Loving power is another thing and money is certainly a convenient way to acquire many kinds of power.

That is why I think that the Love of money is so dangerous.  The reason people love money is because they want power and control or to feed their own prideful ego.

Some people, on the other hand, realize that money is simply a tool that can be used for good.  Those who choose to use it for good are the true philanthropists and thanks to them we have more hospitals, organizations that feed the poor, and various other non-profit organizations that do great things in this world. 

I hope that if by chance BTC increases substantially and the very small amount I hold does end up having great value that I can withstand the temptation to become a rich and prideful person and instead use the gift I have received to make the world a better place.     

[Peter Lambert]

Bitcoin is backed by:
Distributed trust
Ease of transactions
Hardcoded rarity

Trust is fickle, and as the Pirate fiasco (and all the people who had lent money to him) showed, trust can fail and ripple through the whole economy.

Bitcoins are easy if the sender and receiver already have set up bitcoin accounts and you have a way to copy-paste the address. Trying to get one of the parties set up is difficult and giving an address over the phone is almost impossible.

The base money supply of bitcoins is hardcoded to a certain level, but credit monies can be built on top of it, like by using ripple to exchange BTC.

Bitcoins are not so much backed by trust, they are backed by other people wanting them. As long as other people want money (I assume this will always be the case) you will be able to sell your bitcoins.

My whole point of this thread is that as time goes on the probability that any two people will both already have a bitcoin account, and know of a way to fund it if it is empty, that probability rises over time, until having somebody suggest paying with bitcoins will be as inauspiscious as using cash is today.

You can use systems like Ripple to extend the bitcoin monetary base, but it will never be completely disconnected from the hard limit built into the bitcoin code.

[Cyberdyne]

giving an address over the phone is almost impossible.

If I knew I had to tell someone an address over the phone, I'd first hit up btc.to or pay.btc with some easy to remember (and vocalize) link.

[smoothie]

This is what I see in this thread:

BULL: I think bitcoins are great and can't wait until the rest of the growing world accepts them. Yay!

BEAR: Not! See look at my FUD look F-U-D...see three letters that you need to know bitcoin is going to crash! MUAHAHAHAHAHAHAHAHAHA!


LOLz so funny to watch sometimes.

[Crypt_Current]

This is what I see in this thread:

BULL: I think bitcoins are great and can't wait until the rest of the growing world accepts them. Yay!

BEAR: Not! See look at my FUD look F-U-D...see three letters that you need to know bitcoin is going to crash! MUAHAHAHAHAHAHAHAHAHA!


LOLz so funny to watch sometimes.

You need a fuscia colored slogan for pigs.

[Cyberdyne]

Smoothie, your smoothie appears to be growing feathers - I thought you were all about the LTC?

[Crypt_Current]

Smoothie, your smoothie appears to be growing feathers - I thought you were all about the LTC?

Smoothie's on whichever side produces the most H-Ks

[Peter Lambert]

giving an address over the phone is almost impossible.

If I knew I had to tell someone an address over the phone, I'd first hit up btc.to or pay.btc with some easy to remember (and vocalize) link.

Firstbits would be great for this.

This is what I see in this thread:

BULL: I think bitcoins are great and can't wait until the rest of the growing world accepts them. Yay!

BEAR: Not! See look at my FUD look F-U-D...see three letters that you need to know bitcoin is going to crash! MUAHAHAHAHAHAHAHAHAHA!


LOLz so funny to watch sometimes.

I think you got the colors reversed. Red should be Bears and blue or green should be the Bulls.

[smoothie]

Smoothie, your smoothie appears to be growing feathers - I thought you were all about the LTC?

Well if I was all about LtC I would not be here....hence about btc and other cryptos.

Soon you will see an ltc based project I will be releasing that I've been working on for a while now.

 

[smoothie]

giving an address over the phone is almost impossible.

If I knew I had to tell someone an address over the phone, I'd first hit up btc.to or pay.btc with some easy to remember (and vocalize) link.

Firstbits would be great for this.

This is what I see in this thread:

BULL: I think bitcoins are great and can't wait until the rest of the growing world accepts them. Yay!

BEAR: Not! See look at my FUD look F-U-D...see three letters that you need to know bitcoin is going to crash! MUAHAHAHAHAHAHAHAHAHA!


LOLz so funny to watch sometimes.

I think you got the colors reversed. Red should be Bears and blue or green should be the Bulls.

But aren't real life bulls associated more with the color red than blue?

[Crypt_Current]

giving an address over the phone is almost impossible.

If I knew I had to tell someone an address over the phone, I'd first hit up btc.to or pay.btc with some easy to remember (and vocalize) link.

Firstbits would be great for this.

This is what I see in this thread:

BULL: I think bitcoins are great and can't wait until the rest of the growing world accepts them. Yay!

BEAR: Not! See look at my FUD look F-U-D...see three letters that you need to know bitcoin is going to crash! MUAHAHAHAHAHAHAHAHAHA!


LOLz so funny to watch sometimes.

I think you got the colors reversed. Red should be Bears and blue or green should be the Bulls.

But aren't real life bulls associated more with the color red than blue?

Toro!   

[Cyberdyne]

giving an address over the phone is almost impossible.

If I knew I had to tell someone an address over the phone, I'd first hit up btc.to or pay.btc with some easy to remember (and vocalize) link.

Firstbits would be great for this.

I can't get to either of those sites right now - payb.tc has apparently expired and firstbits.com timed out.

[Peter Lambert]

giving an address over the phone is almost impossible.

If I knew I had to tell someone an address over the phone, I'd first hit up btc.to or pay.btc with some easy to remember (and vocalize) link.

Firstbits would be great for this.

This is what I see in this thread:

BULL: I think bitcoins are great and can't wait until the rest of the growing world accepts them. Yay!

BEAR: Not! See look at my FUD look F-U-D...see three letters that you need to know bitcoin is going to crash! MUAHAHAHAHAHAHAHAHAHA!


LOLz so funny to watch sometimes.

I think you got the colors reversed. Red should be Bears and blue or green should be the Bulls.

But aren't real life bulls associated more with the color red than blue?

No, the bull-fighters wear red or something, so the people fighting the bulls should be writing in red to taunt them.

[randrace]

Smoothie, your smoothie appears to be growing feathers - I thought you were all about the LTC?

Well if I was all about LtC I would not be here....hence about btc and other cryptos.

Soon you will see an ltc based project I will be releasing that I've been working on for a while now.

 

Consider my interest piqued!

[Wekkel]

The bible says that money is the root of all evil.

Quote that? I believe it actually says the love of money is the root of all evil.

New International Version (©2011)
"For the love of money is a root of all kinds of evil.

II have seen this misquoted so many times.  The LOVE of money is the root of ALL KINDS of evil, not all evil.

Money is not evil in itself but I think everyone could agree that loving it can lead to some serious problems for sure.

I believe Ann Rand shed a few woods over this (in the book: Atlas Shrugged).

[ElectricMucus]

I believe Ann Rand shed a few woods over this (in the book: Atlas Shrugged).

Cool story bro.

[webcoinx]

Well the ultimate mission for usability
Is to ensure even grandma can use it

No one teach the knowledge about money in school, no books tell either, most of the people have zero knowledge about money and how it works

That is a sad truth

Don't worry, When Bitcoin is full blown and one would worth hundreds of thousands of dollars it would be easy to use as you would be a grandad .

Just kidding, Bitcoin is the future <3

AMEN TO THAT

[bitcoinbear]

giving an address over the phone is almost impossible.

If I knew I had to tell someone an address over the phone, I'd first hit up btc.to or pay.btc with some easy to remember (and vocalize) link.

Firstbits would be great for this.

I can't get to either of those sites right now - payb.tc has apparently expired and firstbits.com timed out.

See, website around bitcoins can't even keep themselves running. Like when SatoshiDice had its domain registration expire. There are so many people who can't even keep their websites running that it is dragging down bitcoins and the price will continue to slide downward.