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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806444 times)
bclcjunkie
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July 20, 2015, 04:35:05 PM
 #29081

cypherdoc you're actually doing awesome job at keeping the plebs off the barbarous relic, i gotta thank shills like you. keep it up.

WTF happend to gold just now?  Bitcoin holding steady.

I told you not to buy.

Were you listening to iCEBLow and tvbcof again?
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July 20, 2015, 05:08:56 PM
 #29082

poor little iCEBLOW & tvbcof.  thank you for the money.  oh, times 2:

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July 20, 2015, 05:18:10 PM
 #29083


cypherdoc you're actually doing awesome job at keeping the plebs off the barbarous relic, i gotta thank shills like you. keep it up.

I've long felt that cypherdoc's stance on gold was almost exclusively to shift a small fraction of stacker's hoards into Bitcoin which could make us hodlers a bundle.  It never did and does not now make much sense to risk it all on Bitcoin unless one is pretty hand-to-mouth and doesn't have much to risk anyway.  This makes cypherdoc's advice against a balanced risk strategy shitty and self-serving (though it pales to pimping Hashfast for big shill bucks) and thus I never felt to bad about giving him shit.

I could see gold going significantly lower in dollar terms under a severe deflation where the USD held together (an unlikely combo but possible.)  The catch is that at that point there is a strong likelyhood of 'bail-ins'.  Only then would Bitcoin make sense, but so would physical (which is the only thing I've ever had any interest in.)

Both phyz and BTC, being resistant to counter-party risk, would have obvious advantages in a bail-in scenario.  The trouble with both is that one would find oneself on the wrong end of the pitchforks and 'homogenized' with people who were insider scumbags before 'the event'.  I'll expect that then, just as now, these insider scumbag types will enjoy flexibility and protections denied to simple paranoids like yours truly.


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July 20, 2015, 06:12:24 PM
 #29084

this looks good:

http://www.econtalk.org/archives/2015/07/wences_casares.html
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July 20, 2015, 06:16:32 PM
 #29085


cypherdoc you're actually doing awesome job at keeping the plebs off the barbarous relic, i gotta thank shills like you. keep it up.

I've long felt that cypherdoc's stance on gold was almost exclusively to shift a small fraction of stacker's hoards into Bitcoin which could make us hodlers a bundle.  It never did and does not now make much sense to risk it all on Bitcoin unless one is pretty hand-to-mouth and doesn't have much to risk anyway.  This makes cypherdoc's advice against a balanced risk strategy shitty and self-serving (though it pales to pimping Hashfast for big shill bucks) and thus I never felt to bad about giving him shit.

I could see gold going significantly lower in dollar terms under a severe deflation where the USD held together (an unlikely combo but possible.)  The catch is that at that point there is a strong likelyhood of 'bail-ins'.  Only then would Bitcoin make sense, but so would physical (which is the only thing I've ever had any interest in.)

Both phyz and BTC, being resistant to counter-party risk, would have obvious advantages in a bail-in scenario.  The trouble with both is that one would find oneself on the wrong end of the pitchforks and 'homogenized' with people who were insider scumbags before 'the event'.  I'll expect that then, just as now, these insider scumbag types will enjoy flexibility and protections denied to simple paranoids like yours truly.



you've always told me i'm irrelevant so i find it quite satisfying that you would attribute to me such influence.  of course, i have been right on gold for 4 yrs running now and you have been devastatingly wrong.  but that's ok.   no one is perfect; esp you.

what's even  more hypocritical is your presence in this thread despite your never ending narrative of cypherdoc irrelevance.  seems you find me quite important on the contrary.  you're still a little dog nipping at my heels though.  only now, you've got a partner named iCEBLOW on the other heel so you shouldn't feel so bad.
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July 20, 2015, 06:42:15 PM
 #29086


cypherdoc you're actually doing awesome job at keeping the plebs off the barbarous relic, i gotta thank shills like you. keep it up.

I've long felt that cypherdoc's stance on gold was almost exclusively to shift a small fraction of stacker's hoards into Bitcoin which could make us hodlers a bundle.  It never did and does not now make much sense to risk it all on Bitcoin unless one is pretty hand-to-mouth and doesn't have much to risk anyway.  This makes cypherdoc's advice against a balanced risk strategy shitty and self-serving (though it pales to pimping Hashfast for big shill bucks) and thus I never felt to bad about giving him shit.

I could see gold going significantly lower in dollar terms under a severe deflation where the USD held together (an unlikely combo but possible.)  The catch is that at that point there is a strong likelyhood of 'bail-ins'.  Only then would Bitcoin make sense, but so would physical (which is the only thing I've ever had any interest in.)

Both phyz and BTC, being resistant to counter-party risk, would have obvious advantages in a bail-in scenario.  The trouble with both is that one would find oneself on the wrong end of the pitchforks and 'homogenized' with people who were insider scumbags before 'the event'.  I'll expect that then, just as now, these insider scumbag types will enjoy flexibility and protections denied to simple paranoids like yours truly.

you've always told me i'm irrelevant so i find it quite satisfying that you would attribute to me such influence.  of course, i have been right on gold for 4 yrs running now and you have been devastatingly wrong.  but that's ok.   no one is perfect; esp you.

what's even  more hypocritical is your presence in this thread despite your never ending narrative of cypherdoc irrelevance.  seems you find me quite important on the contrary.  you're still a little dog nipping at my heels though.  only now, you've got a partner named iCEBLOW on the other heel so you shouldn't feel so bad.

I have no more regrets about appropriately balancing my risk according to my analysis over the last 4 years than I would have about choosing tails when the coin came up heads.  Obviously I would have made more money if I had sunk everything into Bitcoin at the time I got involved, but the same could be said in retrospect about any bet.  IIRC, you were pumping money in at $30-ish when waiting 6 months could have gotten you Bitcoin at closer to $2.00, right?  Smooth move Ex Lax.  

As for your 'effectiveness' at getting people to dump gold and run to Bitcoin, I'd say it was marginal at best just looking at the price at present and over the last year and a half.  If you had been even marginally effective, Bitcoin should be in 5-figures by this time.  The only thing more pathetic than someone constantly tooting his own horn is someone who does so in the face of obvious failure which he alone seems blind to.

The only one I can think of who nailed it was ~nagle, and he only mentioned his buying once that I can remember (and then only vaguely.)  It matched perfectly with the point in time when he stopped talking Bitcoin down.


kazuki49
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July 20, 2015, 06:52:29 PM
 #29087

Yes, Monero is considered by many legendary/hero members to be the next step in crypto.  No other coin even comes close.

citation needed?


https://bitcointalk.org/index.php?topic=583449.msg8737736#msg8737736
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July 20, 2015, 06:56:57 PM
 #29088


cypherdoc you're actually doing awesome job at keeping the plebs off the barbarous relic, i gotta thank shills like you. keep it up.

I've long felt that cypherdoc's stance on gold was almost exclusively to shift a small fraction of stacker's hoards into Bitcoin which could make us hodlers a bundle.  It never did and does not now make much sense to risk it all on Bitcoin unless one is pretty hand-to-mouth and doesn't have much to risk anyway.  This makes cypherdoc's advice against a balanced risk strategy shitty and self-serving (though it pales to pimping Hashfast for big shill bucks) and thus I never felt to bad about giving him shit.

I could see gold going significantly lower in dollar terms under a severe deflation where the USD held together (an unlikely combo but possible.)  The catch is that at that point there is a strong likelyhood of 'bail-ins'.  Only then would Bitcoin make sense, but so would physical (which is the only thing I've ever had any interest in.)

Both phyz and BTC, being resistant to counter-party risk, would have obvious advantages in a bail-in scenario.  The trouble with both is that one would find oneself on the wrong end of the pitchforks and 'homogenized' with people who were insider scumbags before 'the event'.  I'll expect that then, just as now, these insider scumbag types will enjoy flexibility and protections denied to simple paranoids like yours truly.

you've always told me i'm irrelevant so i find it quite satisfying that you would attribute to me such influence.  of course, i have been right on gold for 4 yrs running now and you have been devastatingly wrong.  but that's ok.   no one is perfect; esp you.

what's even  more hypocritical is your presence in this thread despite your never ending narrative of cypherdoc irrelevance.  seems you find me quite important on the contrary.  you're still a little dog nipping at my heels though.  only now, you've got a partner named iCEBLOW on the other heel so you shouldn't feel so bad.

I have no more regrets about appropriately balancing my risk according to my analysis over the last 4 years than I would have about choosing tails when the coin came up heads.  Obviously I would have made more money if I had sunk everything into Bitcoin at the time I got involved, but the same could be said in retrospect about any bet.  IIRC, you were pumping money in at $30-ish when waiting 6 months could have gotten you Bitcoin at closer to $2.00, right?  Smooth move Ex Lax.  

As for your 'effectiveness' at getting people to dump gold and run to Bitcoin, I'd say it was marginal at best just looking at the price at present and over the last year and a half.  If you had been even marginally effective, Bitcoin should be in 5-figures by this time.  The only thing more pathetic than someone constantly tooting his own horn is someone who does so in the face of obvious failure which he alone seems blind to.

The only one I can think of who nailed it was ~nagle, and he only mentioned his buying once that I can remember (and then only vaguely.)  It matched perfectly with the point in time when he stopped talking Bitcoin down.



you realize i can't even bother to read the content of what you write any more; it's so bad.  all i can do is think of these images of you and little iCEBLOW:

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July 20, 2015, 07:28:22 PM
 #29089


you realize i can't even bother to read the content of what you write any more; it's so bad.  all i can do is think of these images of you and little iCEBLOW:



I'm pretty happy to be a little dog if the alternative would entail ripping people off by participating in a mining gear scam involving none-existent and never-to-be-existent hardware.  At least you could have been original and teamed up with Josh and Sonny at BFL.  You probably would have done much better.


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July 20, 2015, 07:39:19 PM
 #29090


you realize i can't even bother to read the content of what you write any more; it's so bad.  all i can do is think of these images of you and little iCEBLOW:



I'm pretty happy to be a little dog if the alternative would entail ripping people off by participating in a mining gear scam involving none-existent and never-to-be-existent hardware.  At least you could have been original and teamed up with Josh and Sonny at BFL.  You probably would have done much better.



Excuse me?

Hashfast User's Thread
sickpig
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July 20, 2015, 08:23:16 PM
 #29091

Yes, Monero is considered by many legendary/hero members to be the next step in crypto.  No other coin even comes close.

citation needed?


https://bitcointalk.org/index.php?topic=583449.msg8737736#msg8737736


thanks for the link.

I have to main points about it, firstly I don't know how thread ranks distribution is correlated to users opinion about the thread itself.

Secondly, even if we get some way to say that a particular ranks distribution means a general approval for the thread among hero/legendary users, going from this to say that "Monero is considered by many legendary/hero members to be the next step in crypto" is quite a big jump, isn't it?

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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July 20, 2015, 08:50:34 PM
 #29092

yep tvbcof and iCEBLOW have always been suckers.  they can't even get their facts straight:

The sad part is that gold always has been a sucker’s bet.

http://www.marketwatch.com/story/why-gold-is-falling-and-wont-get-up-again-2015-07-20
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July 20, 2015, 09:17:38 PM
 #29093

yep tvbcof and iCEBLOW have always been suckers.  they can't even get their facts straight:

The sad part is that gold always has been a sucker’s bet.

http://www.marketwatch.com/story/why-gold-is-falling-and-wont-get-up-again-2015-07-20

Gold price is more about the dollar values than much else (or whatever it is that you are trading away to get gold).
Energy is the same way, mostly.

If dollar goes up forever, gold never will.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
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July 20, 2015, 09:28:04 PM
 #29094

Yikes!

-$36 and sub $1100. That's not good.
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July 20, 2015, 09:35:44 PM
 #29095

Yikes!

-$36 and sub $1100. That's not good.

Isn't 960ish the historically-required 50% retracement from the ATH of USD$1923?

I might buy at that price.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
iCEBREAKER
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July 20, 2015, 09:40:48 PM
 #29096

At least one of them made out like a bandit tho...

assuming one of them actually did something wrong tho...

Well, the jury is still out on that imho. It seems calling 'shill' in this place is like yelling 'fire' at an apathy convention.  Undecided

Shill

A person engaged in covert advertising. The shill attempts to spread buzz by personally endorsing the product in public forums with the pretense of sincerity, when in fact he is being paid for his services.

The "covert" attribute is not in the normal definition.  Why didn't you give us a link to your dictionary?

Here the one to mine: http://www.merriam-webster.com/dictionary/shill

Quote
to act as a spokesperson or promoter

https://en.wikipedia.org/wiki/Shill

Wikipedia/UrbanDictionary vs Merriam Webster?  What's next, KnowYourMeme vs Britannica?   Cheesy

"Shill" often connotes deceptive lack of disclosure, but only compensation to the endorser is required to meet the definition.

Connotation is not definition.

Webster's not good enough for ya?  Fine...

Try OED: "a megamillionaire who makes more money as a shill for corporate products than he does for playing basketball"

Obviously the shill in that example cannot be covert about his infamous corporate compensation.

QED you got rekt son.   Wink

Arguing with me about English is as silly and futile as arguing with gmax about Bitcoin internals.

Well maybe not futile, as both create a teachable moments.   Smiley

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
iCEBREAKER
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July 20, 2015, 09:49:28 PM
 #29097

Thank you for the Peter Todd and Greg Maxwell citations!

Are there any more core developers with a position either positive or negative on Monero?

Not a 'position' per se but Wladimir did make a small pull request against Monero recently, indicating that he's at least looking at the code. I don't expect that to be the case for too many other coins:

https://github.com/monero-project/bitmonero/pull/329

Nice catch!

Have any other alts been graced with pull reqs from BTC core devs?  Maybe namecoin, back in the ancient times?  Oh, and obviously VIA (PTodd's chocolate factory).

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
iCEBREAKER
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July 20, 2015, 10:01:40 PM
 #29098

Yes, Monero is considered by many legendary/hero members to be the next step in crypto.  No other coin even comes close.

citation needed?


https://bitcointalk.org/index.php?topic=583449.msg8737736#msg8737736


thanks for the link.

I have to main points about it, firstly I don't know how thread ranks distribution is correlated to users opinion about the thread itself.

Secondly, even if we get some way to say that a particular ranks distribution means a general approval for the thread among hero/legendary users, going from this to say that "Monero is considered by many legendary/hero members to be the next step in crypto" is quite a big jump, isn't it?

Your request for citation was reasonable.

Gainsaying and nit-picking at the requested citation, upon it it being graciously provided, is not reasonable.

Nobody is stopping you from investigating "how thread ranks distribution is correlated to users opinion about the thread itself."

RTFA.  Stop moving the goal posts because you don't like the fact my assertion has a reasonable basis, demonstrated with empirical data.

I'll save you the trouble.  The Hero/Legendary posts in the XMR thread are positive and supportive, while the ones in the other threads are significantly less so.

Notice the number of hero and legendary members? Darkcoin has 57 (2.23%) hero and 9 (0.35%) legendary versus Monero with 56 (3.94%) hero and 12 (0.85%) legendary. Percent wise monero has attracted more than twice legendary members and almost twice hero members.

In other words, it seems oldtimers gravitate towards monero/cryptonote and ignore darkcoin.

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
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July 20, 2015, 10:11:39 PM
 #29099

At least one of them made out like a bandit tho...

assuming one of them actually did something wrong tho...

Well, the jury is still out on that imho. It seems calling 'shill' in this place is like yelling 'fire' at an apathy convention.  Undecided

Shill

A person engaged in covert advertising. The shill attempts to spread buzz by personally endorsing the product in public forums with the pretense of sincerity, when in fact he is being paid for his services.

The "covert" attribute is not in the normal definition.  Why didn't you give us a link to your dictionary?

Here the one to mine: http://www.merriam-webster.com/dictionary/shill

Quote
to act as a spokesperson or promoter

https://en.wikipedia.org/wiki/Shill

Wikipedia/UrbanDictionary vs Merriam Webster?  What's next, KnowYourMeme vs Britannica?   Cheesy

"Shill" often connotes deceptive lack of disclosure, but only compensation to the endorser is required to meet the definition.

Connotation is not definition.

Webster's not good enough for ya?  Fine...

Try OED: "a megamillionaire who makes more money as a shill for corporate products than he does for playing basketball"

Obviously the shill in that example cannot be covert about his infamous corporate compensation.

QED you got rekt son.   Wink

Arguing with me about English is as silly and futile as arguing with gmax about Bitcoin internals.

Well maybe not futile, as both create a teachable moments.   Smiley

The fact there is an entire article on wikipedia that differs from the dictionary definition tells us the word has acquired a secondary meaning within the context of online discourse. Expect to see that included as dictionaries are revised.


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July 20, 2015, 10:24:45 PM
 #29100

yep tvbcof and iCEBLOW have always been suckers.  they can't even get their facts straight:

The sad part is that gold always has been a sucker’s bet.

http://www.marketwatch.com/story/why-gold-is-falling-and-wont-get-up-again-2015-07-20

Gold price is more about the dollar values than much else (or whatever it is that you are trading away to get gold).
Energy is the same way, mostly.

If dollar goes up forever, gold never will.

I agree. If rates don't get raised in Sept/Oct, it should be a bottom.
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