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Author Topic: Seriously guys, why?  (Read 4224 times)
the joint
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August 23, 2011, 03:49:38 AM
 #21

The other thing is I want to see into the idea of mining cryptocurrencies in space with the mining done on satellites that use space based solar power SBSP for an energy source or using a throium reactor on the moon or mars. They might get a lot of stales if they are trying to mine bitcoins on earth so they could start a new block chain and then trade those coins with us for bitcoins. They could even be used to back a fiat currency which we then float on forex markets and kind of start a space based monetary fund using sol as our central bank.

I think I'm just going to open a bottled air business.  Want to buy Hawaii air?  New Zealand air?  Stinky Guam air?  I'm your guy.  

get me an honest bottle of Martian air and we'll talk

Haha how do you know i didn't just suck on the bottle really really hard?

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August 23, 2011, 04:12:15 AM
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Honestly, I wonder why some random miner from 2009 with 400k Bitcoin HASN'T sold everything.  I think he's a fantastically huge idiot if he hasn't done so already.  Seriously...being an early adopter is like finding a million dollars superglued to the sidewalk (gotta do a little thinking to get it off the sidewalk without destroying it, but you're a moron to let it sit there without doing anything about it).

Why would you sell for $4 million if you can potentially sell it for $40 million next year?

Coz you're impatient, and scared.

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August 23, 2011, 04:19:22 AM
 #23

Honestly, I wonder why some random miner from 2009 with 400k Bitcoin HASN'T sold everything.  I think he's a fantastically huge idiot if he hasn't done so already.  Seriously...being an early adopter is like finding a million dollars superglued to the sidewalk (gotta do a little thinking to get it off the sidewalk without destroying it, but you're a moron to let it sit there without doing anything about it).

Why would you sell for $4 million if you can potentially sell it for $40 million next year?

Coz you're impatient, and scared.


That's one of the dumbest things I've heard in a long time.

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August 23, 2011, 04:31:30 AM
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Simple, anyone mining back then and thinking like that most likely sold at $1.

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August 23, 2011, 04:39:05 AM
 #25

Honestly, I wonder why some random miner from 2009 with 400k Bitcoin HASN'T sold everything.  I think he's a fantastically huge idiot if he hasn't done so already.  Seriously...being an early adopter is like finding a million dollars superglued to the sidewalk (gotta do a little thinking to get it off the sidewalk without destroying it, but you're a moron to let it sit there without doing anything about it).

Why would you sell for $4 million if you can potentially sell it for $40 million next year?

Coz you're impatient, and scared.


That's one of the dumbest things I've heard in a long time.

My question or my answer to it? Perhaps you could answer the question more intelligently then.

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August 23, 2011, 04:44:40 AM
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Why Bitcoin?
Faster than cash.
Faster and cheaper than Western Union.
Faster and cheaper than Moneygram.
the joint
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August 23, 2011, 04:52:11 AM
 #27

Honestly, I wonder why some random miner from 2009 with 400k Bitcoin HASN'T sold everything.  I think he's a fantastically huge idiot if he hasn't done so already.  Seriously...being an early adopter is like finding a million dollars superglued to the sidewalk (gotta do a little thinking to get it off the sidewalk without destroying it, but you're a moron to let it sit there without doing anything about it).

Why would you sell for $4 million if you can potentially sell it for $40 million next year?

Coz you're impatient, and scared.


That's one of the dumbest things I've heard in a long time.

My question or my answer to it? Perhaps you could answer the question more intelligently then.

Sure.  $4 mil is a guaranteed retirement.  You can buy a wonderful house, a wonderful car, etc. travel anywhere you like, and you already won't have to work a day for the rest of your life.  You will also probably have a couple mil left over.  Investing this in something like a Roth IRA (especially if you're young) will give you the opportunity to have many more millions guaranteed in a decade.  The price of Bitcoin could also go down a lot if someone decides to dump before you do, and then you missed you chance (this is a very likely possibility).  How do I know this is likely?  I would do it in a heartbeat.  That means if I had $4 mil profit in Bitcoins, you better believe I'd dump it ALL and I would have absolutely no guilt for screwing you over if you were the other one with $4 mil in Bitcoins.  I'm sure there are many more lie me.  You could also do the whole retirement thing, and with the $2 mil you have left over, reinvest in Bitcoin if buyers decide to suck up all the coins you dumped.  Need I go on?

Are you interested in a guaranteed retirement now?  Or the potential of a guaranteed retirement later with the risk of losing it?  Seriously, how greedy can you be?  "God I just won a 4 million dollar lotto!  I fucking hate when that happens!"

Edit:  By the way, if you have $4 mil in a savings account at, let's say, an annual interest rate of .05%,  that's 20 grand a year right there for letting it sit while you figure out what the hell to do with it all.

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August 23, 2011, 04:53:27 AM
 #28

In my opinion, aside from it being incredibly obvious that all these alternative cryptocurrencies are made with the sole intention of making their creators rich (jealous of Satoshi much?), I think you guys should stick with one digital cryptocurrency, max.  Given its relatively short life-span and the number of unresolved problems associated with it, we can't even call Bitcoin a success yet, although I'm sure those who have profited significantly would be quick to call Bitcoin a success.  At least, it's not a success when compared to fiat currency which has its security and economy in tact.

Sometimes I wonder how often the members of this community realize how much they marginalize their selves.  Everyone's clients/miners/exchanges are ridiculously difficult to use for the average person, and if these issues still exist with the Google of digital cryptocurrencies (i.e. Bitcoin), how do you expect these other silly currencies with dumb names to work (town coin?  GTFO)?

I think all these cryptocurrencies give the Bitcoin community a bad name.  I think it perpetuates the 'geekiness' of Bitcoin -- imagine the average joe coming on here and then reading about namecoin, solid coin, IOcoin, selfish coin, nerd coin, haven't-gotten-laid-since-2009-coin...all these currencies give the impression we're all just a bunch of greedy fucks with no long-term vision of communal success.  If people put half as much time into stimulating the Bitcoin economy as they did devilishly programming their own cryptocurrency code, maybe at least one of these currencies would have a shot (again, i.e. Bitcoin).

Quit marginalizing the community.  Bitcoin is the only one that has a shot at mainstream popularity, so quit marginalizing the community with all this nerd crap like alternative cryptocurrencies, the word "troll" (Jesus Christ I hate when people say troll, and grandma does too), ridiculous clients and miners, etc.  People like simplicity. This complexity isn't cool.  It's chilly.  And chilly ain't never been cool.

You're making the very wrong assumption that people actually give a shit about Bitcoin or crypto-currency in the first place. A very large majority of the people involved in BTC, IXC, IOC, NMC and SC, like myself are here for the profit and nothing more. I will continue to hit every "Crypto- Currency of the Week" coin full force at low difficulty and then sell it like crack to idiots that buy it at Double C's ever adapting exchange!!!!

Looking forward to the next one!

BTC was doomed before it launched, just like any of the crypto-currencies it suffers from NEVER being able to have instant transactions.

Without instant transactions BTC will never become mainstream. It may very well exist as it does now to be a favorite amongst the Drug Dealers, Con Artist and "Geeks". But it a'int ever going to see use by Johnny Q. Public.

Peace,

That's exactly why the world is what is today. A huuuuge shit!

Bitcoin is here to make this world a better place. People who just think in profit no matter what the cost does not deserve to live. They are just suckers. Like vampires of society...

Anyway, each one has its own awareness... You are not wrong in search for profit... But this is some kind of addic... We are all victims of this subculture that we live today.

A new world will born... Soon! A world where there is no money, no hungry people, no profit, no interest, no banks, no govs, no wars, no homeless people... Fully automated... Open source and democratic...

Don't live only for profit. This looks like a religion! Uuuurgh!!

Best!
Thiago

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August 23, 2011, 05:05:14 AM
 #29

Why Bitcoin?
Faster than cash.
Faster and cheaper than Western Union.
Faster and cheaper than Moneygram.


Not true.

I want to see you send $100 via BTC to the USA and have someone pick it up in USD Cash at the local grocery store in minutes after it was sent.

With BTC,

Send BTC, Recieve BTC, Send to Exchange, Recieve at Exchange, Sell BTC (hoping you don't get Goxed), withdraw USD via Dwolla/Paxum to Bank and finally into USD you can get across a counter.

I fail to see the speed advantage?Huh Undecided Undecided Undecided Undecided


Western Union can take up to an hour. On the phone costumer service tells you to wait 20 minutes but it usually takes longer. What does time frame does Western Union Guarantee... None.
In Minutes Money Transfer Service

Quote
Restrictions
Funds may be delayed or services unavailable based on certain transaction conditions, including amount sent, destination, country, currency availability, regulatory issues, identification requirements, Agent location hours, differences in time zones, or selection of delayed options. For Internet and Telephone Services you must use a credit or debit card issued by a U.S. bank. Qualifying PIN-based debit cards are accepted at participating Agent locations. A card issuer cash advance fee may apply.

We are talking bitcoin vs other electronic service aren't we?

You attempting to compare apples to oranges. Transferring currency versus transferring currency then exchanging it for a different currency.
We don't want USD at all.
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August 23, 2011, 05:23:46 AM
 #30

Honestly, I wonder why some random miner from 2009 with 400k Bitcoin HASN'T sold everything.  I think he's a fantastically huge idiot if he hasn't done so already.  Seriously...being an early adopter is like finding a million dollars superglued to the sidewalk (gotta do a little thinking to get it off the sidewalk without destroying it, but you're a moron to let it sit there without doing anything about it).

Why would you sell for $4 million if you can potentially sell it for $40 million next year?

Coz you're impatient, and scared.


That's one of the dumbest things I've heard in a long time.

My question or my answer to it? Perhaps you could answer the question more intelligently then.

Sure.  $4 mil is a guaranteed retirement.

Edit:  By the way, if you have $4 mil in a savings account at, let's say, an annual interest rate of .05%,  that's 20 grand a year right there for letting it sit while you figure out what the hell to do with it all.

The thought of completely retiring on a mere $4m is downright horrible to me. I'd feel like I'd completely 'given up'.

I guess people just have different expectations, but if I only made 20k per year in interest I'd feel like a loser who didn't really even try to make it big.

$40m is getting there, but really total RETIREMENT? Depends how you value time/money now I suppose.

$4m doesn't even pay for half a jet.

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August 23, 2011, 07:06:36 AM
 #31


The thought of completely retiring on a mere $4m is downright horrible to me. I'd feel like I'd completely 'given up'.

I guess people just have different expectations, but if I only made 20k per year in interest I'd feel like a loser who didn't really even try to make it big.

$40m is getting there, but really total RETIREMENT? Depends how you value time/money now I suppose.

$4m doesn't even pay for half a jet.

I think we've gone off topic here. BTW it's only fiat money. I hope to avoid retirement by avoiding aging. Project In Utero is going to be my plan.

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August 23, 2011, 11:09:31 AM
 #32

Honestly, I wonder why some random miner from 2009 with 400k Bitcoin HASN'T sold everything.  I think he's a fantastically huge idiot if he hasn't done so already.  Seriously...being an early adopter is like finding a million dollars superglued to the sidewalk (gotta do a little thinking to get it off the sidewalk without destroying it, but you're a moron to let it sit there without doing anything about it).

Why would you sell for $4 million if you can potentially sell it for $40 million next year?

Coz you're impatient, and scared.


That's one of the dumbest things I've heard in a long time.

My question or my answer to it? Perhaps you could answer the question more intelligently then.

Sure.  $4 mil is a guaranteed retirement.

Edit:  By the way, if you have $4 mil in a savings account at, let's say, an annual interest rate of .05%,  that's 20 grand a year right there for letting it sit while you figure out what the hell to do with it all.

The thought of completely retiring on a mere $4m is downright horrible to me. I'd feel like I'd completely 'given up'.

I guess people just have different expectations, but if I only made 20k per year in interest I'd feel like a loser who didn't really even try to make it big.

$40m is getting there, but really total RETIREMENT? Depends how you value time/money now I suppose.

$4m doesn't even pay for half a jet.


Dude, you sound like a total piece of shit.  If I was a 3rd world country, I'd kick your ass.

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August 23, 2011, 11:48:22 AM
 #33

Honestly, I wonder why some random miner from 2009 with 400k Bitcoin HASN'T sold everything.  I think he's a fantastically huge idiot if he hasn't done so already.  Seriously...being an early adopter is like finding a million dollars superglued to the sidewalk (gotta do a little thinking to get it off the sidewalk without destroying it, but you're a moron to let it sit there without doing anything about it).

Why would you sell for $4 million if you can potentially sell it for $40 million next year?

Coz you're impatient, and scared.


That's one of the dumbest things I've heard in a long time.

My question or my answer to it? Perhaps you could answer the question more intelligently then.

Sure.  $4 mil is a guaranteed retirement.

Edit:  By the way, if you have $4 mil in a savings account at, let's say, an annual interest rate of .05%,  that's 20 grand a year right there for letting it sit while you figure out what the hell to do with it all.

The thought of completely retiring on a mere $4m is downright horrible to me. I'd feel like I'd completely 'given up'.

I guess people just have different expectations, but if I only made 20k per year in interest I'd feel like a loser who didn't really even try to make it big.

$40m is getting there, but really total RETIREMENT? Depends how you value time/money now I suppose.

$4m doesn't even pay for half a jet.


Dude, you sound like a total piece of shit.  If I was a 3rd world country, I'd kick your ass.

Hehe I'm glad there are people like you who have such small dreams and have such a low expectation of what they can achieve in their lives... makes things a hell of a lot easier for me.

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August 23, 2011, 11:53:26 AM
 #34

I agree with the OP. Bitcoin is an open-source project. Bitcoin can be changed in many ways, if they are good enough ideas, and if a consensus  is reached by a majority of users. These Daddy-wait-up-you're-walking-too-fast copy-cats may or may not have some interesting merits, but they are against the spirit of the bitcoin project itself. There needs to be more organization in development of bitcoin itself so these cheap knock-offs just go away.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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August 23, 2011, 04:45:53 PM
 #35

Honestly, I wonder why some random miner from 2009 with 400k Bitcoin HASN'T sold everything.  I think he's a fantastically huge idiot if he hasn't done so already.  Seriously...being an early adopter is like finding a million dollars superglued to the sidewalk (gotta do a little thinking to get it off the sidewalk without destroying it, but you're a moron to let it sit there without doing anything about it).

Why would you sell for $4 million if you can potentially sell it for $40 million next year?

Coz you're impatient, and scared.


That's one of the dumbest things I've heard in a long time.

My question or my answer to it? Perhaps you could answer the question more intelligently then.

Sure.  $4 mil is a guaranteed retirement.

Edit:  By the way, if you have $4 mil in a savings account at, let's say, an annual interest rate of .05%,  that's 20 grand a year right there for letting it sit while you figure out what the hell to do with it all.

The thought of completely retiring on a mere $4m is downright horrible to me. I'd feel like I'd completely 'given up'.

I guess people just have different expectations, but if I only made 20k per year in interest I'd feel like a loser who didn't really even try to make it big.

$40m is getting there, but really total RETIREMENT? Depends how you value time/money now I suppose.

$4m doesn't even pay for half a jet.


Dude, you sound like a total piece of shit.  If I was a 3rd world country, I'd kick your ass.

Hehe I'm glad there are people like you who have such small dreams and have such a low expectation of what they can achieve in their lives... makes things a hell of a lot easier for me.


Dude, you really need to learn the difference between intrinsic and extrinsic benefit.  My gut feeling is that you really have no idea what happiness is or how to achieve it.  I also have a feeling I already am and will always be richer than you, so long as you hold that mentality.

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August 23, 2011, 06:02:08 PM
 #36


I'm ignoring the parasitic and sociopathic rantings and going back to the topic.

We should focus on improving the bitcoin client so the non-geek population can use it. I suggest strong encryption of wallet.dat as a start as there are already trojans in the wild that steal this file. Also some very easy way to make encrypted wallet backups should be provided. Encrypting the wallet isn't as easy as it sounds as you have to protect from keyboard sniffers as well as rouge programs with filesystem access.

We could also use some easy way to handle bitcoin addresses. It would be really nice if I could send BTC to a name I can actually remember and write down. I suggest storing these addresses in DNS ( using DNSSEC for security ) so we could use addresses like sd.name.bit or sd.mycompany.com instead of the awkward internal addresses we use now.

We also need unitex or something like it to allow people to change local currency to BTC and back again quickly and hopefully cheaply. BTC won't really be mainstream until it can be conveniently converted to other things.

There are already have a number of sites offering products and services for BTC. These will develop and mature over time bringing more people into BTC.

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August 23, 2011, 07:36:16 PM
 #37


I'm ignoring the parasitic and sociopathic rantings and going back to the topic.

We should focus on improving the bitcoin client so the non-geek population can use it. I suggest strong encryption of wallet.dat as a start as there are already trojans in the wild that steal this file. Also some very easy way to make encrypted wallet backups should be provided. Encrypting the wallet isn't as easy as it sounds as you have to protect from keyboard sniffers as well as rouge programs with filesystem access.

We could also use some easy way to handle bitcoin addresses. It would be really nice if I could send BTC to a name I can actually remember and write down. I suggest storing these addresses in DNS ( using DNSSEC for security ) so we could use addresses like sd.name.bit or sd.mycompany.com instead of the awkward internal addresses we use now.

We also need unitex or something like it to allow people to change local currency to BTC and back again quickly and hopefully cheaply. BTC won't really be mainstream until it can be conveniently converted to other things.

There are already have a number of sites offering products and services for BTC. These will develop and mature over time bringing more people into BTC.



Agree! Bitcoin 1.0 can be much better!
And Bitcoin 2.0 will be awesome!

If we talk less and do more.

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August 23, 2011, 09:23:41 PM
 #38

While we're at it, Europe, China, Japan, they should all take USD!
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August 23, 2011, 10:34:53 PM
 #39


I'm ignoring the parasitic and sociopathic rantings and going back to the topic.

We should focus on improving the bitcoin client so the non-geek population can use it. I suggest strong encryption of wallet.dat as a start as there are already trojans in the wild that steal this file. Also some very easy way to make encrypted wallet backups should be provided. Encrypting the wallet isn't as easy as it sounds as you have to protect from keyboard sniffers as well as rouge programs with filesystem access.

We could also use some easy way to handle bitcoin addresses. It would be really nice if I could send BTC to a name I can actually remember and write down. I suggest storing these addresses in DNS ( using DNSSEC for security ) so we could use addresses like sd.name.bit or sd.mycompany.com instead of the awkward internal addresses we use now.

We also need unitex or something like it to allow people to change local currency to BTC and back again quickly and hopefully cheaply. BTC won't really be mainstream until it can be conveniently converted to other things.

There are already have a number of sites offering products and services for BTC. These will develop and mature over time bringing more people into BTC.



I agree with this.  Flexcoin already is trying to tackle the Bitcoin Address problem (e.g. send BTC to "coffeeshop"), but, unfortunately, I don't yet trust ANY online Bitcoin service with holding my money for any long period of time.  For me, TradeHill is as close as it gets yet I still have paranoia in the back of my mind of losing it all.  It's a big problem to me when the terms of service imply that they are under no liability to owe you anything should their site say, 'happen' to go down, or 'happen' to be hacked.

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August 23, 2011, 10:49:11 PM
 #40

I also have a feeling I already am and will always be richer than you, so long as you hold that mentality.

Heh that's what poor people always say Cheesy

Good luck.

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