BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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February 14, 2015, 09:20:47 AM |
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Why call it gold? Unobtanium sounds better! How do you keep changing your name?? |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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nor9865
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February 14, 2015, 09:30:34 AM |
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Why call it gold? Unobtanium sounds better! How do you keep changing your name?? Donators can change names at will, but it cost 50btc! |
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BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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February 14, 2015, 10:23:27 AM |
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Why call it gold? Unobtanium sounds better! How do you keep changing your name?? Donators can change names at will, but it cost 50btc! Oh my  |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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cbeast
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Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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February 14, 2015, 10:38:04 AM |
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Why call it gold? Unobtanium sounds better! How do you keep changing your name?? Donators can change names at will, but it cost 50btc! Oh my Anyone can start a Newbie account anytime and post with a different name for free. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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stereotype
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Activity: 1554
Merit: 1000
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February 14, 2015, 10:51:17 AM |
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cypherdoc (OP)
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Activity: 1764
Merit: 1002
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February 14, 2015, 03:53:18 PM |
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BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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February 14, 2015, 05:14:50 PM |
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Why call it gold? Unobtanium sounds better! How do you keep changing your name?? Donators can change names at will, but it cost 50btc! Oh my Anyone can start a Newbie account anytime and post with a different name for free. Thank you for your donation. I love the forum. And thank you for your sane posts. I always look forward to them |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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cypherdoc (OP)
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Activity: 1764
Merit: 1002
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February 14, 2015, 08:50:34 PM |
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Movin up
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Odalv
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Activity: 1414
Merit: 1000
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February 14, 2015, 10:34:41 PM |
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hdbuck
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Activity: 1260
Merit: 1002
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February 15, 2015, 09:14:47 PM |
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sidhujag
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Activity: 2044
Merit: 1005
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February 15, 2015, 09:49:20 PM |
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Enter bitshares decentralized exchange.. where you can hold your bitcoins via bitBTC enjoy a nice yeild of 3% and trade in/out of major assets including oil/gold/silver/bts/usd(all other fiats) which are pegged to real asset value. Win win for decentralization everywhere trust is essential.
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tabnloz
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Activity: 961
Merit: 1000
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February 15, 2015, 10:46:44 PM |
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explorer
Legendary
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Activity: 2016
Merit: 1259
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February 16, 2015, 12:17:57 AM |
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So they lost about 1/3 of one days ECB printing... or 0.06% of their current QE tranche. Oh Dear. Thinking about that... If the same headline was true 20 times per week, every week, for the next year and a half, it wouldn't soak up what they ADMIT to printing. Sick. |
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uki
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Activity: 1358
Merit: 1000
cryptojunk bag holder
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February 16, 2015, 11:18:39 AM |
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So they lost about 1/3 of one days ECB printing... or 0.06% of their current QE tranche. Oh Dear. Thinking about that... If the same headline was true 20 times per week, every week, for the next year and a half, it wouldn't soak up what they ADMIT to printing. Sick. well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right? In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so. |
this space is intentionally left blank
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lunarboy
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February 16, 2015, 12:30:13 PM |
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well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.
In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems. |
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rocks
Legendary
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Activity: 1153
Merit: 1000
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February 16, 2015, 07:22:16 PM |
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well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.
In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems. When you come down to it, the primary complaint detractors have against bitcoin is they cannot socialize their own losses, that are a result of their own incompetence, on others . The prospect that they will directly bear the consequences of their own bad decisions, and not be able to force their loses on others, scares them to death. Those of us who are sick and tired of have other people's losses forced on us (as uki promotes), look at bitcoin as a salvation. |
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cypherdoc (OP)
Legendary
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Activity: 1764
Merit: 1002
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February 16, 2015, 07:49:55 PM |
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well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.
In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems. When you come down to it, the primary complaint detractors have against bitcoin is they cannot socialize their own losses, that are a result of their own incompetence, on others . The prospect that they will directly bear the consequences of their own bad decisions, and not be able to force their loses on others, scares them to death. Those of us who are sick and tired of have other people's losses forced on us (as uki promotes), look at bitcoin as a salvation. It's even more than that. It's that with Bitcoin they recognize they can't purposefully exploit the system to their own advantage for enormous profits, let alone offload their losses. |
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