stan.distortion (OP)
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November 18, 2013, 05:19:05 PM Last edit: October 28, 2015, 11:53:14 PM by stan.distortion |
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BalkanBoy
Newbie
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Activity: 50
Merit: 0
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November 18, 2013, 06:44:03 PM |
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meanig
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November 18, 2013, 07:07:24 PM |
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Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid Gideon Samid May he never bury this in the past
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Dalkore
Legendary
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Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
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November 19, 2013, 02:48:53 AM |
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"What doomed communism, and will likely undermine Bitcoin, is the delusional hope that a protocol, a procedure, a network, an algorithm can neutralize the ugly selfish traits of human beings. Somehow, wrath, greed, sloth, pride, lust, envy, and gluttony disrupt the fairytale dreams of the true believers. Alas, they camouflage themselves for a long time before the bitter truth becomes clear."
Here is your real truth. Ignore this at your own peril.
-Dalkore
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Hosting: Low as $60.00 per KW - LinkTransaction List: jayson3 +5 - ColdHardMetal +3 - Nolo +2 - CoinHoarder +1 - Elxiliath +1 - tymm0 +1 - Johnniewalker +1 - Oscer +1 - Davidj411 +1 - BitCoiner2012 +1 - dstruct2k +1 - Philj +1 - camolist +1 - exahash +1 - Littleshop +1 - Severian +1 - DebitMe +1 - lepenguin +1 - StringTheory +1 - amagimetals +1 - jcoin200 +1 - serp +1 - klintay +1 - -droid- +1 - FlutterPie +1
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ArticMine
Legendary
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Activity: 2282
Merit: 1050
Monero Core Team
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November 19, 2013, 03:42:02 AM |
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Not only does the author show very little understanding of Bitcoin he also shows very little understanding of the operations of central banks and also of communism. Suffice to say to say that the current manipulation of the money supply presumably for the public good by central banks with the blessing of the state has way much in common with communism than a currency who value is solely set by the market.
Central planning is at the core of communism and so is at the core of the operations of central banks.
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amincd
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November 19, 2013, 06:29:03 AM |
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Marx's delusion was that central planning works. This is also Gideon's delusion. He assumes a right to make decisions for other people, for their own good. He previously advocated governments coordinating a global ban on Bitcoin, a perfect example of misguided and unimaginably destructive central planning, before he backed away from that call amid furious criticism.
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jbreher
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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November 19, 2013, 08:00:59 AM |
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And he still to this day is rather reticent to enlighten how his BitMint digital fiat is able to sidestep Bitcoin's fatal flaw -- cryptography (or rather the inevitability of it being cracked).
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Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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westkybitcoins
Legendary
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Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
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November 19, 2013, 07:01:51 PM |
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The "then they fight you" stage is starting to ramp up....
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Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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bitcool
Legendary
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Activity: 1441
Merit: 1000
Live and enjoy experiments
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November 19, 2013, 08:42:20 PM |
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Bitcoin traders stand to lose their earthly assets overnight, once the hidden mathematical insight that would melt Bitcoin is one day discovered, and unleashed.
Chances are that the National Security Agency and other cyber-war ministries around the world have already cracked the hashing algorithm that keeps the currency afloat, and it is for them to choose when to unleash it. It is sort of an irony that in their flight from central bankers the Bitcoin traders subjugate themselves to cyber war tsars who serve the same governments.
pathetic FUD.
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casascius
Mike Caldwell
VIP
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Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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November 19, 2013, 08:54:06 PM |
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I read the BitMint FAQ and wondered how their offering was any different than PayPal with a redeemable "gift certificate" feature (that works like a MtGox USD code).
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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Dalkore
Legendary
Offline
Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
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November 19, 2013, 10:13:56 PM |
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Not only does the author show very little understanding of Bitcoin he also shows very little understanding of the operations of central banks and also of communism. Suffice to say to say that the current manipulation of the money supply presumably for the public good by central banks with the blessing of the state has way much in common with communism than a currency who value is solely set by the market.
Central planning is at the core of communism and so is at the core of the operations of central banks.
Yes it is. The form of utopia is sold as the answer but it is never discussed who will run this system and how decisions will be made.
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Hosting: Low as $60.00 per KW - LinkTransaction List: jayson3 +5 - ColdHardMetal +3 - Nolo +2 - CoinHoarder +1 - Elxiliath +1 - tymm0 +1 - Johnniewalker +1 - Oscer +1 - Davidj411 +1 - BitCoiner2012 +1 - dstruct2k +1 - Philj +1 - camolist +1 - exahash +1 - Littleshop +1 - Severian +1 - DebitMe +1 - lepenguin +1 - StringTheory +1 - amagimetals +1 - jcoin200 +1 - serp +1 - klintay +1 - -droid- +1 - FlutterPie +1
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