someotherguy (OP)
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Activity: 94
Merit: 10
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August 07, 2011, 03:40:34 AM
Last edit: August 07, 2011, 03:51:27 AM by someotherguy |
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I am sorry to be so harsh, but why would anybody put their commodities/money in a new "bank" with no assets and, no real liability? Furthermore, the "bank" was registered in a "country" notorious for fraud and exclusion from certain aspects of the U.C.C.
This is a new commodity/currency, and while fundamentally sound, it needs to treat secondary services with extreme caution.
Furthermore, this commodity/currency needs to have a...
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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FlipPro
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Activity: 1764
Merit: 1015
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August 07, 2011, 03:55:46 AM |
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I am sorry to be so harsh, but why would anybody put their commodities/money in a new "bank" with no assets and, no real liability? Furthermore, the "bank" was registered in a "country" notorious for fraud and exclusion from certain aspects of the U.C.C.
This is a new commodity/currency, and while fundamentally sound, it needs to treat secondary services with extreme caution.
Furthermore, this commodity/currency needs to have a...
Do you know what you're talking about? I think not... |
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logansryche
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August 07, 2011, 04:02:48 AM |
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Do you know what you're talking about?
I think not...
I concur. For a minute there I thought he was talking about me, but now I lol. |
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someotherguy (OP)
Member
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Activity: 94
Merit: 10
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August 07, 2011, 04:06:27 AM |
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I am sorry to be so harsh, but why would anybody put their commodities/money in a new "bank" with no assets and, no real liability? Furthermore, the "bank" was registered in a "country" notorious for fraud and exclusion from certain aspects of the U.C.C.
This is a new commodity/currency, and while fundamentally sound, it needs to treat secondary services with extreme caution.
Furthermore, this commodity/currency needs to have a...
Do you know what you're talking about? I think not... Prove it. |
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Jack of Diamonds
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August 07, 2011, 04:08:11 AM |
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So after a bit of deliberation, my brain deciphers the fact you are talking about mybitcoin.com.
Why not mention it in the first post instead of causing confusion?
Still, yes, people were naïve to trust the service,
people have already accepted the fact they might not see the money again, life goes on
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1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
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FlipPro
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Activity: 1764
Merit: 1015
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August 07, 2011, 04:18:46 AM |
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So after a bit of deliberation, my brain deciphers the fact you are talking about mybitcoin.com.
Why not mention it in the first post instead of causing confusion?
Still, yes, people were naïve to trust the service,
people have already accepted the fact they might not see the money again, life goes on
Lol +1 I thought he was talking about Bitcoin for a second. |
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evoorhees
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Activity: 1008
Merit: 1021
Democracy is the original 51% attack
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August 07, 2011, 04:47:12 AM |
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Is the "great lesson" that people will tend not to use a service after it defrauds them? Seems the free market works after all, no?
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hugolp
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Activity: 1148
Merit: 1001
Radix-The Decentralized Finance Protocol
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August 07, 2011, 04:53:35 AM |
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Is the "great lesson" that people will tend not to use a service after it defrauds them? Seems the free market works after all, no?
The problem is that we are so used to being scammed from our institutions on legal growns but with controlled trade that we dont know how to behave in a unrefulated market. We are dumbed down and are learning the hard way how to behave in a real market. |
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evoorhees
Legendary
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Activity: 1008
Merit: 1021
Democracy is the original 51% attack
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August 07, 2011, 06:11:47 PM |
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Is the "great lesson" that people will tend not to use a service after it defrauds them? Seems the free market works after all, no?
The problem is that we are so used to being scammed from our institutions on legal growns but with controlled trade that we dont know how to behave in a unrefulated market. We are dumbed down and are learning the hard way how to behave in a real market. That's actually an excellent point. |
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westkybitcoins
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Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
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August 07, 2011, 06:44:47 PM |
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Is the "great lesson" that people will tend not to use a service after it defrauds them? Seems the free market works after all, no?
The problem is that we are so used to being scammed from our institutions on legal growns but with controlled trade that we dont know how to behave in a unrefulated market. We are dumbed down and are learning the hard way how to behave in a real market. +1 With time, even those most resistant to changing how they think about digital money and online transactions will either adapt or move on. |
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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