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Author Topic: The End of Bitcoin (this is real)  (Read 1274 times)
jongameson
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February 08, 2014, 04:45:21 PM
 #1

i just *discovered* the new Bitcoin:  the US dollar!!

this "dollar" can be traced infinitely, all transactions can be reversed.  and each is a "reserve" note for 1 dollar (similar to a satoshi, but worth a LOT more)    Smiley
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TKeenan
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February 08, 2014, 04:55:17 PM
 #2

i just *discovered* the new Bitcoin:  the US dollar!!

this "dollar" can be traced infinitely, all transactions can be reversed.  and each is a "reserve" note for 1 dollar (similar to a satoshi, but worth a LOT more)    Smiley
Good luck with that.  At least you won't struggle with widespread adoption problems like the bitcoin guys are dealing with.
jongameson
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February 08, 2014, 04:56:05 PM
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what's that?  a currency used by criminals?  good luck taking that off the ground  Grin

btw.  anyone accepting Bitcoin is like saying "i don't care about the well being or anything of the buyer"
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February 08, 2014, 05:21:40 PM
 #4

difficulty for mining it is zero for the bad guys and infinity for everyone else, how unfair  Grin

Truth is the new hatespeech.
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February 08, 2014, 05:29:32 PM
 #5

Unlike 1 satoshi.  1 Dollar has lost over 99% of it's value.


 
 
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Meuh6879
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February 08, 2014, 05:30:23 PM
 #6

(similar to a satoshi, but worth a LOT more)    Smiley

well ... a mountain of shit ... is always shit.
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February 08, 2014, 05:38:28 PM
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btw.  anyone accepting Bitcoin is like saying "i don't care about the well being or anything of the buyer"

Merchants are always protected from fraud (reversed payments on items they actually delivered). They simply include it as a cost of doing business. If there is a lot of fraud they will increase the price of their product accordingly. Every buyer pays the price for fraud through higher prices.

With Bitcoin, a merchant knows he won't be the victim of fraud (no reversed payments). This will reduce the cost of doing business. He can pass this savings to the customers who pay with the fraud proof payments. This will result in lower prices for the buyer.

The buyer must protect themselves buy being an informed consumer. Informed consumers make smart purchases. When everyone is making smart purchases, there will be fewer shit products. Fewer shit products mean less resources wasted. Less resources wasted means a healthier planet.

As I already consider myself an informed consumer, I want this very much.

Bitcoin: slowly making the world a better place.

I'm pretty sure I'm wasting my time in a troll thread anyway.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
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February 08, 2014, 07:16:43 PM
 #8

i just *discovered* the new Bitcoin:  the US dollar!!

this "dollar" can be traced infinitely, all transactions can be reversed.  and each is a "reserve" note for 1 dollar (similar to a satoshi, but worth a LOT more)    Smiley

Is that the next crapcoin?

A successful man is one who makes more money than his wife can spend. A successful woman is one who can find such a man.
RichG
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February 08, 2014, 08:20:08 PM
 #9

i just *discovered* the new Bitcoin:  the US dollar!!

this "dollar" can be traced infinitely, all transactions can be reversed.  and each is a "reserve" note for 1 dollar (similar to a satoshi, but worth a LOT more)    Smiley

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February 08, 2014, 08:29:01 PM
 #10

i just *discovered* the new Bitcoin:  the US dollar!!

this "dollar" can be traced infinitely, all transactions can be reversed.  and each is a "reserve" note for 1 dollar (similar to a satoshi, but worth a LOT more)    Smiley

We could make a blockchain based on every serial number of every FERN ever created.

I don't know how this would apply, but it was an idea.

Smiley
stacksmasher
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February 09, 2014, 02:19:14 AM
 #11


Go watch "Wolf of WallStreet" and you will see whats wrong with paper money.




i just *discovered* the new Bitcoin:  the US dollar!!

this "dollar" can be traced infinitely, all transactions can be reversed.  and each is a "reserve" note for 1 dollar (similar to a satoshi, but worth a LOT more)    Smiley
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