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glendall
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PredX - AI-Powered Prediction Market
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May 08, 2014, 02:30:49 AM |
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Who cares what he thinks? The senior very likely has no idea what bitcoin even is, and likely just figured out how to use email for the first time.
They can keep there massive semi-existent funny-money fiat. In fact I'd prefer if they don't buy any bitcoin at all.
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Bit_Happy
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A Great Time to Start Something!
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May 08, 2014, 02:53:50 AM |
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What if he considers us the rats? ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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franky1
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May 08, 2014, 02:56:35 AM |
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What if he considers us the rats? ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) fiat is the rat.. he finally admits bitcoin will kill off fiat
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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ParsnipCommander
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May 08, 2014, 03:12:53 AM |
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Quite irrelevant as he admitted he didn't understand it in the video and simply dismissed it as 'flaky'
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greenlion
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May 08, 2014, 04:06:27 AM |
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I always find statements like expressed in the title of that link curious.
The competitive advantage of the underlying bitcoin tech is the fact that it functions like directly holding and transferring an asset itself without any underlying counterparty risk.
Wall St / banks / whoever can't just go and imitate that technology for their own benefit. The utility itself arises from the open nature and resultant network effects. You don't get the cost benefits of no counterparties or a free market for voluntary counterparties (i.e. multisig escrow, professional opsec for storage, etc.) by some centralized corporate entity or entities just boostrapping their own blockchain and securing funds via ecdsa keypairs.
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jc01480
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May 08, 2014, 04:18:38 AM |
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Kind of makes you wonder what the left-hand man is doing?!?!? Wink-wink....
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Elwar
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Viva Ut Vivas
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May 08, 2014, 06:03:00 AM |
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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nextgencoin
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May 08, 2014, 06:39:23 AM |
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I'm pretty sure we know who the rat is in this analogy... ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fnewsimg.bbc.co.uk%2Fmedia%2Fimages%2F46612000%2Fjpg%2F_46612926_charlie512.jpg&t=665&c=GM6UrMflNEXMjw) Crony capitalists like Munger can't control it, why would they like it...
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Dipt
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May 08, 2014, 10:54:51 AM |
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That brazzers edition is probably grandpa's on young blonde ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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boumalo
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May 08, 2014, 11:18:33 AM |
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Quite irrelevant as he admitted he didn't understand it in the video and simply dismissed it as 'flaky'
Exactly, if you say I don't know much about it and I am 90 years old but it is dangerous, you are just trying to show you know something about when you admittedly don't
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bryant.coleman
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May 08, 2014, 04:25:06 PM |
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Well... I think it will be okay to post what Warren Buffet thinks about Bitcoin here. But his right hand men? Why we should publish some misinformation from a virtual nobody? I don't care whether he is the right-hand man or the left-hand man, in this case he is completely wrong.
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BADecker
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May 08, 2014, 04:52:46 PM |
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If Munger meant that Bitcoin users are the rats, and that Bitcoin is going to kill them, consider this. In the event of an Internet shutdown, or a grid failure, or an EMP attack, Bitcoin holders just might lose everything Bitcoin that they have. What about people who use dollars? If they don't hold at least a little cash in reserve, such disasters as listed might be just as bad for them. Keep a protected copy of your wallets, on a drive that is protected from EMP. Keep a paper copy of all your wallets. If the disasters occurred, which would have a better chance of coming back online when things were fixed, the banks or Bitcoin? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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leopard2
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May 08, 2014, 04:59:57 PM |
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I guess we all well know who the rats are. Thinking it is the filthy rich, is an insult to rats actually, because rats don't use fiat money and others peoples labor to become rich. There is no rat king and no rat oligarch. Connecting BTC to terrorism? Doesn't the childporn meme work anymore? Remember that in the case of the liberty dollar, US justice actually called silver coins "domestic terrorism"!!!!!!! Which is awkward because US constitution says silver and gold is money. http://en.wikipedia.org/wiki/Liberty_Dollar Attorney for the Western District of North Carolina, Anne M. Tompkins, described the Liberty Dollar as "a unique form of domestic terrorism" that is trying "to undermine the legitimate currency of this country"http://www.constitution.org/constit_.htm"Section. 10. No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. " So, is the US constitution also supporting terrorism? It must be outlawed then. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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Truth is the new hatespeech.
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FeedbackLoop
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May 08, 2014, 05:10:55 PM Last edit: May 08, 2014, 06:19:08 PM by FeedbackLoop |
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http://en.wikipedia.org/wiki/Liberty_Dollar Attorney for the Western District of North Carolina, Anne M. Tompkins, described the Liberty Dollar as "a unique form of domestic terrorism" that is trying "to undermine the legitimate currency of this country" Scary stuff... had no idea. "Attorney for the Western District of North Carolina, Anne M. Tompkins, described the Liberty Dollar as "a unique form of domestic terrorism" that is trying "to undermine the legitimate currency of this country".[28] The Justice Department press release quotes her as saying: "While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country."" ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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BittBurger
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May 08, 2014, 06:02:26 PM |
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Have any of you yet envisioned the movie that will come out in 5-10 years which will include clips of Buffet calling it a Mirage, and his right hand guy calling it Rat Poison?
It will be a movie about how Bitcoin literally transformed the world economies, and these two guys will be made to look like idiots when those clips are re-played.
Showing how people talked trash in the beginning. So looking forward to it.
-B-
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leopard2
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May 08, 2014, 06:15:43 PM |
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Scary that a government official calls real honest money with intrinsic value, silver, a clear and present danger to the economic stability of this country isnt it? So the "stability" depends on the unfettered flow of inflationary fiat money, obviously. Pretty sure slavery was advocated with similar arguments. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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Truth is the new hatespeech.
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Phinnaeus Gage
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May 08, 2014, 06:31:33 PM |
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"Mr. Buffet, how about a selfie? "I haven't been able to bend over and reach it in years but, not to further disappoint you, I notice you have a camera, so how about a groupie?" "I'm in for a selfie!" "That wouldn't be advised, Bill. Notice Becky has a camera? BTW, what year did this "selfie" start playing out in public and am I making money with it in one of my portfolios, for this is surely one thing I understand and am able to get my head - no pun intended - around?"
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