crazy_rabbit (OP)
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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November 07, 2013, 12:23:04 PM |
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After reading a particularly nasty piece of 'journalism' : http://www.businessinsider.com/bitcoin-is-a-currency-for-clowns-2013-11I thought I would create a meme for it. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F9faQV9n.jpg&t=665&c=0IIVY6BgKeGtyg) You should read about his 'investments' in his bio. Make your own: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F01PvEGb.jpg&t=665&c=8ZxYO0Hk7tESCg) here: http://memegenerator.net/A bit about our 'friend': Joe Weisenthal Prior to joining Business Insider in October 2008, Joe was a correspondent for paidContent.org, as well as the Opening Bell editor at Dealbreaker.com. He previously was a writer and analyst for Techdirt.com, and before that worked as an analyst for money management firm Prentiss Smith & Co. He got started writing with his own infrequently updated blog TheStalwart.com. A graduate of The University of Texas at Austin, Joe's interests include Chinese food, chess and poker. He currently has the title of Executive Editor. Reach him at jweisenthal@businessinsider.com or IM him anytime at openfilerook. You can also call him at 917-621-7438 Disclosure: Joe's investments include various index funds, gold as well as individual positions in Apple, American Apparel, BP, Google, Johnson & Johnson, Kyocera, Nokia, Sanofi Steelcase, Posco, Omnivision, Berkshire Hathaway (a B share!), Smith & Wesson and AIG. Read more: http://www.businessinsider.com/author/joe-weisenthal#ixzz2jxgkBUoa
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more or less retired.
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philip2000uk
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November 07, 2013, 12:29:08 PM |
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Yep...and that norweigan guy too who had bitcoin sat in his new apartment from the money he made.
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Leather girls identity film2 on youtube and website link i accept bitcoin
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crazy_rabbit (OP)
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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November 07, 2013, 12:37:44 PM |
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Yep...and that norweigan guy too who had bitcoin sat in his new apartment from the money he made. I'm sure that guy is kicking himself for not waiting and buying a BIGGER apartment. :-)
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more or less retired.
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thecomputerscientist
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November 07, 2013, 01:51:04 PM |
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Weisenthal said that Bitcoin is intrinsically worth nada, and responds to those Bitcoin supporters that say USD by the same definition is worth nada, but Weisenthal then claims that USD is intrinsically worth something because the US government says it is worth something.
Now this is wrong in two aspects:
1) USD is worth something not because the US gov says so, but because China says so. The day China says that USD isn't worth anything, the USD will collapse.
2) What would happen if China says Bitcoin is the new world reserve currency? At that day Bitcoin will have intrinsic value by his own definition. So the only thing we can conclude is that he thinks that this can never happen.
But it can! China has on multiple occassions wanted to dethrone the USD as world reserve currency and replace it with EDR (Extended Drawing Rights). However, I think that the day will come when China realizes that Bitcoin is a much better solution than EDR. And when that happens, Bitcoin will have a market cap of 10 trillion USD at least which would imply around $1000000 per Bitcoin.
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BittBurger
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November 07, 2013, 02:02:34 PM |
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Everybody remember this guy's name, so that we can swamp him with "I told you so"'s in 5 years.
I have a list of names of shit talkers on my facebook list who are going to get an earful one day.
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BadAss.Sx
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Bulletproof VPS/VPN/Email @ BadAss.Sx
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November 07, 2013, 02:04:35 PM |
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When China dumps their dollars on the world market, it is over for the US dollar. En China is already pointing to a new world currency and my guess is that Bitcoin is one of the candidates.
The reason why this guy is talking crap about Bitcoin is because they are all politicans. When someone or something is rising up, they starting to throw dirt to it. They are doing the same with Bitcoin, because they can't get a hand on it. Just let them talk...i know for sure they bought a few bitcoins also hahahaha
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justusranvier
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November 07, 2013, 02:28:31 PM |
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Everybody remember this guy's name, so that we can swamp him with "I told you so"'s in 5 years.
I have a list of names of shit talkers on my facebook list who are going to get an earful one day. That's why I started this thread: https://bitcointalk.org/index.php?topic=326656
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Sustainable
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November 07, 2013, 02:31:05 PM |
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No-one literally cares about this man, for me he has 0 credibility. But he is entitled to his opinion stop defacing his name. The opinion is terribly uninformed but I mean why post phone numbers and stuff please get a life.
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Cloud Mining - Mine when your computer is not on. Mine if you don't have the appropriate hardware or operating system! Mine when you are asleep! ---> https://cex.io/r/1/Sustainable/0/
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proudhon
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November 07, 2013, 03:07:50 PM |
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Intrinsic value, subjective value, objective value...here's my question to Joe: If somebody wants to buy bitcoins, and I have some I want to sell, how much should I sell them for?
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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LiteCoinGuy
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In Satoshi I Trust
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November 07, 2013, 05:34:02 PM |
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When China dumps their dollars on the world market, it is over for the US dollar. En China is already pointing to a new world currency and my guess is that Bitcoin is one of the candidates.
no way. we can be happy if they are ok with bitcoin in the long run.
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Ipsum
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November 07, 2013, 05:40:07 PM |
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Weisenthal said that Bitcoin is intrinsically worth nada, and responds to those Bitcoin supporters that say USD by the same definition is worth nada, but Weisenthal then claims that USD is intrinsically worth something because the US government says it is worth something.
Now this is wrong in two aspects:
1) USD is worth something not because the US gov says so, but because China says so. The day China says that USD isn't worth anything, the USD will collapse.
That is a fundamental misunderstanding among the tinfoil hat crowd on this site. USD is worth something because ultimately it's backed by an army that can insist you pay your property tax in USD, and because it's backed by the outflow of payments from the US government, which only pays its people and contractors in USD.
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dominicwin
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November 07, 2013, 05:41:44 PM |
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Bitcoin made my 401k look like a joke in under a year. I bet this guy wouldn't deny a gift of bitcoin ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Savior
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November 07, 2013, 05:54:10 PM |
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Yep...and that norweigan guy too who had bitcoin sat in his new apartment from the money he made. I'm sure that guy is kicking himself for not waiting and buying a BIGGER apartment. :-) He only sold 20% of his coins, he is a believer ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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thecomputerscientist
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November 07, 2013, 06:31:00 PM |
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That is a fundamental misunderstanding among the tinfoil hat crowd on this site.
USD is worth something because ultimately it's backed by an army that can insist you pay your property tax in USD, and because it's backed by the outflow of payments from the US government, which only pays its people and contractors in USD.
No way. The USD wouldn't have its value if China didn't approve it. This is because USD is currently the world reserve currency. U.S. army would not be able to invade China, because China has nuclear weapons. U.S. has 17 trillions of debt and if the creditors (for which China is one) wouldn't approve USD then U.S. will default, USD will collapse and U.S. gov would not be able to finance its army and therefore it wouldn't be able to protect its own nation, and then riots everywhere and the society collapses along with the USD.
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inform
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November 07, 2013, 06:55:43 PM |
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i am say price be up 70$ how be price 300 not any trust [look for this guy yelow pres but this say joke buy crypt comunity know what be true future] Now all gus/clowns/sceptics and etc is panic ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) say how you telepatic know about this situation P.S i think who realy know now broke how i am and realy cry about this situations how bitcoins up 250$ 300$ maybe next price 400$ Who Know True
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wopwop
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November 07, 2013, 06:57:32 PM |
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You guys are really major assholes lol, got a small penis or smth? Otherwise I can't explain your jaleous and unmanly behaviour
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Lauda
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Terminated.
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November 07, 2013, 07:03:35 PM |
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You guys are really major assholes lol, got a small penis or smth? Otherwise I can't explain your jaleous and unmanly behaviour
Explain why? He's an idiot obviously or trying to push the price down. Same stuff with the recent news on how bitcoin is flawed and mentioning 51%, while this has been known for a long time.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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moderate
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nearly dead
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November 07, 2013, 07:05:20 PM |
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We all like bitcoin around here but you have to assume that raising from 265 to 324 in half a day for something that has no reason to spike like that is close to a joke. It would be just as crazy if it went from 265 to 206 in the same period, it is way too unstable.
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wopwop
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November 07, 2013, 07:09:31 PM |
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You guys are really major assholes lol, got a small penis or smth? Otherwise I can't explain your jaleous and unmanly behaviour
Explain why? He's an idiot obviously or trying to push the price down. Same stuff with the recent news on how bitcoin is flawed and mentioning 51%, while this has been known for a long time. Why are you afraid of what he says? You think those guys buy saying bad stuff about bitcoin will cause it to fail? That's kinda pathetic braw
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Lauda
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Terminated.
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November 07, 2013, 07:10:18 PM |
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Why would someone be afraid of words? Ugh this nonsense.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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