The One Thing Bitcoin Has Taught Me ...

[superresistant]

Here is what socialism gets us, a classroom experiment that anyone can relate to:
http://www.thecommentator.com/article/646/does_socialism_work_a_classroom_experiment
Enjoy the read!

Total fail. It has been proved that reward system and incentive are counter productive. You'll find many articles and experiments about it.

If socialism is ineffective, why is it applied for banks ?

[Johnny Bitcoinseed]

There is still faith, hope and *excitement* left in the humanity.

Yes, the human spirit prevails.

[MaxBTC1]

Never look at the trollbox

Ever.

There was some story on le reddit the other day of some fucking idiot who bought at the top of the bubble and sold at the bottom last week.  top kek

[Johnny Bitcoinseed]

Here is what socialism gets us, a classroom experiment that anyone can relate to:
http://www.thecommentator.com/article/646/does_socialism_work_a_classroom_experiment
Enjoy the read!

Total fail. It has been proved that reward system and incentive are counter productive. You'll find many articles and experiments about it.

If socialism is ineffective, why is it applied for banks ?

Then you also believe the violence of the state must be used against those who earn their way but do not wish to participate in your vision of what the world should be...

http://www.youtube.com/watch?v=PGMQZEIXBMs

For socialism can only exist by threat of violence against those producers who do not wish to participate. Penalties, jail time, and violence if you resist handing over your earnings to those who did not earn them.

If you want to be a socialist, fine, then divvy up your wealth and bitcoins.  But do not force everyone else to follow your beautiful vision.

Socialism is not charity.  It is theft and violence, something even a child understands is wrong.

[MicroGuy]

"May all your bitcoin dreams turn to Gold."  

[MakeBelieve]

One thing Bitcoin has taught me is to trust no one. Not even reputable members. I wasn't in the Bitcoin game to pre order anything so I'm lucky.

[Tomatocage]

Everybody is a scammer.

[haightst]

A surprising number of people will trade anything that has a price.

lmao~ya don't say?  

[UncleBobs]

Bitcoin does not behave normally.

Therefore I have stopped treating it as a normal investment.

Want to buy some silver?
https://cryptothrift.com/?a_action=user_profile&post_author=446

[superresistant]

Then you also believe the violence of the state must be used against those who earn their way but do not wish to participate in your vision of what the world should be...
http://www.youtube.com/watch?v=PGMQZEIXBMs
For socialism can only exist by threat of violence against those producers who do not wish to participate. Penalties, jail time, and violence if you resist handing over your earnings to those who did not earn them.
If you want to be a socialist, fine, then divvy up your wealth and bitcoins.  But do not force everyone else to follow your beautiful vision.
Socialism is not charity.  It is theft and violence, something even a child understands is wrong.

I don't believe in anything related to what you say. I don't see your point.

I am not socialist.

Socialism exist in the banking system, for the bankers. The bank system cannot go bankrupt because you'll always have to pay for their losses and for their bonuses. You take the risk, they take the benefits.

You are already giving all your wealth to the bankers, the gap between you and them will never stop expending. They don't need to use any violence to steal you because you agree with it.

[Jutarul]

Frontiers are messy

[indianplayers]

to hold on to my coins! and don't panic sell again!

[KonstantinosM]

Golden opportunities always happen and the future is unpredictable with only a few signs for when opportunity strikes.

Imagine mining 1000 coins with a cpu back at the very start of bitcoin for example.....

[n8rwJeTt8TrrLKPa55eU]

Never delete files or reformat the hard drive used by experimental programs generating monetary tokens, even if it all seems to be an ivory tower project only in use by hobbyists.

[interlagos]

... there are always good parallel realities to shift to.

This one has Bitcoin, the one I was 3 years ago didn't.

[lnternet]

... how little intuition I still have for exponential. 256 bit uncrackable??? well yes.

[phillipsjk]

For socialism can only exist by threat of violence against those producers who do not wish to participate. Penalties, jail time, and violence if you resist handing over your earnings to those who did not earn them.

For Capitalism to exist the threat of violence must be used to enforce property rights. Those producers pilfer the commons and keep any profit for themselves.

There is probably a better thread to debate this in though.

[Johnny Bitcoinseed]

 Margaret Thatcher - "The problem with socialism is that eventually you run out of other people's money [to spend]."

[newtothescene]

Difficulty will always move faster than you think is possible/likely.

[haightst]

~> DON'T EAT BATH SALTS!!!