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October 01, 2014, 08:29:04 PM
 #121


Can you buy my new 550 benz convertible with it? No, its not for sale.

S550 is a four door sedan.   Not even an idiot rapper would cut the roof of one and make a convertible out of it.    After you get off the phone with the pope, see if your mother is done washing your underwear and get outside.   See the real world, not the fantasy you have built in your parent's basement. 


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October 01, 2014, 08:51:51 PM
 #122

Are you suggesting Porn, gambling , drugs, and guns are only used by 1% of the human population? Are you a space alien investigating earth for the first time?  Grin

I'm saying most bitcoiners fall into the top 1% of the world incomes, and most of those bitcoin transaction is used for drugs and gambling.


P.S.... You are a cheap "welfare recipient of porn" which is being subsidized by users like me who don't mind paying the actors/actresses. You are welcome for all your free spank sessions; We pay for them.

And you're an idiot for still paying money for porn well into the 21st century. There's a lifetime of porn already uploaded to the internet where nobody was compensated anything for its production. Better find something else to get all high and mighty about.


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October 01, 2014, 08:57:32 PM
 #123

And you're an idiot for still paying money for porn well into the 21st century. Better find something else to get all high and mighty about.

There's a lifetime of porn already uploaded to the internet where nobody was compensated anything for its production.

Ohh, believe me they are compensated. We pay for the hosting and bandwidth costs for the old stuff too.

Think of it as a public service so whackos like you can get some enjoyment in life and are merely annoying trolls rather than spazzing out with a murder-suicide.

You are welcome and now you are ignored.

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October 01, 2014, 08:59:54 PM
 #124


Think of it as a public service so whackos like you can get some enjoyment in life and are merely annoying trolls rather than spazzing out with a murder suicide.


Thats funny. I think YouPorn and all the other free porn sites do quite well via advertising.

Sorry I hit your nail right on the head so hard. From your crybaby tone I guess it must have really hurt.

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October 01, 2014, 11:06:47 PM
 #125

The next big step for cryptocurrencies is to go private.
While Bitcoin offers pseudonymity, it doesn't default to a strong level of anonymity.
Using tumblers and other Bitcoin anonymizing services requires trust. There are also fees, processing delays, and security issues aka 'coinjoin soduku'.  
IMO there is real long term risk to Bitcoin from cryptos that natively offer a high level of privacy and faster transaction confirmation times.  
There is a need for private e-cash and a safe haven for 'money storage'.  
Cryptos can offer a trustless, modern day version of Swiss bank accounts. This is the most underestimated power of cryptos that is lost on the masses (probably because they have no money anyway).
As the current fiat banking regime continues to fail, smart investors will be required to use cryptocurrencies for wealth protection.
IMO the next big A-HA moment will come when further capital controls, currency devaluations, bank bail-ins, asset seizures by governments, and other serious stuff gets on the front page of the papers again.  
Gold and silver will also do well as the global currency/banking crisis continues to unfold. But cryptos will be better suited for modern times.

"One can only solve so much with cryptography. The rest of the solution will prove to be economic in nature." -Evan Duffield
Dash is Digital Cash.  https://www.dash.org
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October 02, 2014, 12:44:29 AM
 #126

The OP opened my eyes to a problem that I did not see. Right now I see BTC being only good for international transfers if there is little volatility. I cant see any significant incentive for the consumer unless the cost and/or hassle of buying BTC is removed.


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October 02, 2014, 12:50:06 AM
 #127

You guys can blast the OP all you want, but he does have some valid points.  In my opinion, the biggest weakness of bitcoin from the consumer standpoint is one simple thing: consumer protections.
1) Escrow  and 2) Circle are now insuring deposits (bank like) - they won't be the last.

(facepalm) Typical gloomy attitude when the exchange rate is depressed.

It's always the same, every single time.

I think this is the crux of the problem here. We all have our moments of doubt - especially when the exchange rate is shit. Over on the speculation section of the forum I think they refer to it as "shaking out the weak hands", or somesuch  Wink

Escrow does absolutely *nothing* to protect the consumer and is a false sense of security.

I never understood the emphasis on using escrow services in many cases.  For most transactions, using an escrow service actually adds risk rather than eliminating it -- instead of having to trust one person, now you need to trust at least two.  The only reason escrow is useful on these forums is because you can reasonably determine the authenticity of a reputable member acting as an escrow agent, and you can make reasonable assumptions about what the escrow agent would stand to gain/lose by running off with the money; you can't make the same assumptions about a newbie. 
I don't understand. Escrow is an essential part of commerce and has been used for centuries.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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October 02, 2014, 01:19:49 AM
 #128


Can you buy my new 550 benz convertible with it? No, its not for sale.

S550 is a four door sedan.   Not even an idiot rapper would cut the roof of one and make a convertible out of it.    After you get off the phone with the pope, see if your mother is done washing your underwear and get outside.   See the real world, not the fantasy you have built in your parent's basement. 


Come to SFL

I drive a 550 benz convertible

It goes 0-60 under 5 seconds

S is sedan
SL is coupe

Yep had for a couple of years but almost no miles on it

My whips are

My lambo
My ferrari
My 550 convertible

Those are my whips biatch

But I have a dust collector old jag with no miles on it

Sold the huge old town car

I'm looking at a 4 door porsche to replace the jag in the garage

I have to keep at least 1 four door for airport trips, you know when out of towners want to come visit

So it's not an S550 maggot

damn they got dummies here

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October 02, 2014, 03:21:17 AM
 #129

You guys can blast the OP all you want, but he does have some valid points.  In my opinion, the biggest weakness of bitcoin from the consumer standpoint is one simple thing: consumer protections.
1) Escrow  and 2) Circle are now insuring deposits (bank like) - they won't be the last.

(facepalm) Typical gloomy attitude when the exchange rate is depressed.

It's always the same, every single time.

I think this is the crux of the problem here. We all have our moments of doubt - especially when the exchange rate is shit. Over on the speculation section of the forum I think they refer to it as "shaking out the weak hands", or somesuch  Wink

Escrow does absolutely *nothing* to protect the consumer and is a false sense of security.

I never understood the emphasis on using escrow services in many cases.  For most transactions, using an escrow service actually adds risk rather than eliminating it -- instead of having to trust one person, now you need to trust at least two.  The only reason escrow is useful on these forums is because you can reasonably determine the authenticity of a reputable member acting as an escrow agent, and you can make reasonable assumptions about what the escrow agent would stand to gain/lose by running off with the money; you can't make the same assumptions about a newbie. 
As long as the escrow service's reputation is worth more then the transaction in question then it would not make sense for them to run away with your bitcoin. Since a person with zero feedback has reputation that is worth zero there is a very good chance they will scam while a person with reputation has a much less of a chance of scamming

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October 02, 2014, 04:29:02 AM
 #130

You guys can blast the OP all you want, but he does have some valid points.  In my opinion, the biggest weakness of bitcoin from the consumer standpoint is one simple thing: consumer protections.
1) Escrow  and 2) Circle are now insuring deposits (bank like) - they won't be the last.

(facepalm) Typical gloomy attitude when the exchange rate is depressed.

It's always the same, every single time.

I think this is the crux of the problem here. We all have our moments of doubt - especially when the exchange rate is shit. Over on the speculation section of the forum I think they refer to it as "shaking out the weak hands", or somesuch  Wink

Escrow does absolutely *nothing* to protect the consumer and is a false sense of security.

I never understood the emphasis on using escrow services in many cases.  For most transactions, using an escrow service actually adds risk rather than eliminating it -- instead of having to trust one person, now you need to trust at least two.  The only reason escrow is useful on these forums is because you can reasonably determine the authenticity of a reputable member acting as an escrow agent, and you can make reasonable assumptions about what the escrow agent would stand to gain/lose by running off with the money; you can't make the same assumptions about a newbie.  
As long as the escrow service's reputation is worth more then the transaction in question then it would not make sense for them to run away with your bitcoin. Since a person with zero feedback has reputation that is worth zero there is a very good chance they will scam while a person with reputation has a much less of a chance of scamming

Sure, and I basically conceded that exact point in my post.  However, I'd like to point out that any well-known, reputable escrow agent didn't start out that way.  

You guys can blast the OP all you want, but he does have some valid points.  In my opinion, the biggest weakness of bitcoin from the consumer standpoint is one simple thing: consumer protections.
1) Escrow  and 2) Circle are now insuring deposits (bank like) - they won't be the last.

(facepalm) Typical gloomy attitude when the exchange rate is depressed.

It's always the same, every single time.

I think this is the crux of the problem here. We all have our moments of doubt - especially when the exchange rate is shit. Over on the speculation section of the forum I think they refer to it as "shaking out the weak hands", or somesuch  Wink

Escrow does absolutely *nothing* to protect the consumer and is a false sense of security.

I never understood the emphasis on using escrow services in many cases.  For most transactions, using an escrow service actually adds risk rather than eliminating it -- instead of having to trust one person, now you need to trust at least two.  The only reason escrow is useful on these forums is because you can reasonably determine the authenticity of a reputable member acting as an escrow agent, and you can make reasonable assumptions about what the escrow agent would stand to gain/lose by running off with the money; you can't make the same assumptions about a newbie.  
I don't understand. Escrow is an essential part of commerce and has been used for centuries.

Payment processors (e.g. PayPal) and banks, while primarily intended to suit other purposes, also fulfill the characteristics of an escrow agent.  Cypriots recently found out first hand that even large, reputable escrow agents can't guarantee safety (it's irrelevant whether the bank or the government is responsible).  Even waiters/waitresses fulfill the characteristics of escrow agents, and there have certainly been resulting instances of fraud and theft despite the fact that >99% of the time nobody ever thinks twice about letting the waitress run off with a credit card for a few minutes.  But really, my post was focused primarily on the use of escrow in the crypto-market, though I should have made that a bit clearer.

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October 02, 2014, 05:26:14 AM
 #131

damn they got dummies here
Your mom is calling you, time to take off the dreaming pajammies and eat your eggos and get ready for high school.   Maybe you should take the lambo today....


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October 02, 2014, 02:56:12 PM
 #132

I should post a video of my latest super hot 18 year old gf inside my whip saying how much she loves my fat schlong.

You know how many teen p0rn stars I've dated?

More than most people have had regular gf's with.

You know in 1996 when I had 1 Million Plus people a day to my network, I believed the BS build it they will come and then sell ads.

So while CNN/AOL/TIME was conning the world that they were getting $40 M for banners I was one of the few people saying BULLSH*T

Turned out all their sales were paper trades between themselves and that's what crashed the original dot-com bubble.

Now in the later 1990's, you know the first real industry that built the damn net and got all the optic cable stuff installed to feed high speed internet?

P0RN

Had it not been for P0RN the net would still be 56K dial up

Same with Amazon, had it not been for erotica, there would be no kindle and no nook.

Sex drives humanity, it's why there's 7 Billion wastes of DNA energy populating this prison rock.

Now P0RN is free, it's all given away to get people to go to what, live cams and gambling.

So if bitcoin focuses on sex and gambling, it will become the net's underground currency and the underground economy is HUGE>

Drugs
Sex
Gambling

The big 3 vices.

Face it, overstock, expedia, paypal, none of it will move btc into a major alt currency.

SEX
DRUGS
GAMBLING

Will



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October 02, 2014, 03:04:04 PM
 #133

I should post a video of my latest super hot 18 year old gf inside my whip saying how much she loves my fat schlong.

You know how many teen p0rn stars I've dated?

More than most people have had regular gf's with.

You know in 1996 when I had 1 Million Plus people a day to my network, I believed the BS build it they will come and then sell ads.

So while CNN/AOL/TIME was conning the world that they were getting $40 M for banners I was one of the few people saying BULLSH*T

Turned out all their sales were paper trades between themselves and that's what crashed the original dot-com bubble.

Now in the later 1990's, you know the first real industry that built the damn net and got all the optic cable stuff installed to feed high speed internet?

P0RN

Had it not been for P0RN the net would still be 56K dial up

Same with Amazon, had it not been for erotica, there would be no kindle and no nook.

Sex drives humanity, it's why there's 7 Billion wastes of DNA energy populating this prison rock.

Now P0RN is free, it's all given away to get people to go to what, live cams and gambling.

So if bitcoin focuses on sex and gambling, it will become the net's underground currency and the underground economy is HUGE>

Drugs
Sex
Gambling

The big 3 vices.

Face it, overstock, expedia, paypal, none of it will move btc into a major alt currency.

SEX
DRUGS
GAMBLING

Will




Well now, this is about the most factual thing I've ever read.

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October 02, 2014, 03:44:45 PM
 #134

THE CURRENT MARKET STRATEGY OF BITCOIN IS STILL NOT ON THE MONEY, IN MY OPINION. IT STILL NEEDS TO PROVE IT'S WORTH IN TERMS OF BECOMING A GLOBAL CURRENCY.

How can it be a global currency, education about btc is nowhere to be found.
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October 02, 2014, 03:56:46 PM
 #135

OP, you make me sad. You dont "get it." Bitcoin isnt just a financial tool, it has profound political and philosophical implications as well, which you fail to appreciate.

We dont care that you dont see the value - we do. So just leave: sell your coins, and dont come to this site again. I would personally appreciate it. Thanks

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October 02, 2014, 06:15:45 PM
 #136

People need to realize that consumer adoption will be fueled & driven by the failure of major world fiat currencies.
As long as fiat remains deceivingly 'stable', noone will give a shit about how corrupt the monetary system is and how fucked in the ass they are getting by banks / cc's etc...

When banks start crumbling & fed starts hyperinflating our currency ... people will finally wake the fuck up and want out of the 'scam' and a decent amount of them will want btc & to use it.

Till then everything is just driven by speculation of traders.

So just, Waaaaaiiittt ffoorrrrr iiiiitt.............

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October 02, 2014, 06:30:52 PM
 #137

People need to realize that consumer adoption will be fueled & driven by the failure of major world fiat currencies.
As long as fiat remains deceivingly 'stable', noone will give a shit about how corrupt the monetary system is and how fucked in the ass they are getting by banks / cc's etc...

When banks start crumbling & fed starts hyperinflating our currency ... people will finally wake the fuck up and want out of the 'scam' and a decent amount of them will want btc & to use it.

Till then everything is just driven by speculation of traders.

So just, Waaaaaiiittt ffoorrrrr iiiiitt.............

I wont disagree with this but it just admits that btc doesn't have any of the incentives for the consumer until the crashes happen.


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GenTarkin
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October 02, 2014, 06:51:51 PM
 #138

People need to realize that consumer adoption will be fueled & driven by the failure of major world fiat currencies.
As long as fiat remains deceivingly 'stable', noone will give a shit about how corrupt the monetary system is and how fucked in the ass they are getting by banks / cc's etc...

When banks start crumbling & fed starts hyperinflating our currency ... people will finally wake the fuck up and want out of the 'scam' and a decent amount of them will want btc & to use it.

Till then everything is just driven by speculation of traders.

So just, Waaaaaiiittt ffoorrrrr iiiiitt.............

I wont disagree with this but it just admits that btc doesn't have any of the incentives for the consumer until the crashes happen.

Actually, incentives are there, people just dont realize it. Everyone sees the 'news' about bitcoin which is mostly portrayed as bitcoin being evil .. by the press. I think as a community we get spoiled by how fucking easy it is to move 'value' around the internet using bitcoin, that alone is an incentive.

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October 02, 2014, 06:55:47 PM
 #139

People need to realize that consumer adoption will be fueled & driven by the failure of major world fiat currencies.
As long as fiat remains deceivingly 'stable', noone will give a shit about how corrupt the monetary system is and how fucked in the ass they are getting by banks / cc's etc...

When banks start crumbling & fed starts hyperinflating our currency ... people will finally wake the fuck up and want out of the 'scam' and a decent amount of them will want btc & to use it.

Till then everything is just driven by speculation of traders.

So just, Waaaaaiiittt ffoorrrrr iiiiitt.............

I wont disagree with this but it just admits that btc doesn't have any of the incentives for the consumer until the crashes happen.

Actually, incentives are there, people just dont realize it. Everyone sees the 'news' about bitcoin which is mostly portrayed as bitcoin being evil .. by the press. I think as a community we get spoiled by how fucking easy it is to move 'value' around the internet using bitcoin, that alone is an incentive.

That is an incentive for US not for the average dudes.


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halfawake
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October 02, 2014, 07:00:59 PM
 #140

You guys can blast the OP all you want, but he does have some valid points.  In my opinion, the biggest weakness of bitcoin from the consumer standpoint is one simple thing: consumer protections.
1) Escrow  and 2) Circle are now insuring deposits (bank like) - they won't be the last.

I fell for the insurance thing once with a stupid bitcoin investment, but I learned and I'd like to think that I'm smarter than that now.  How is it even possible to insure something like bitcoin?  Frankly, I still pay all my bills using the US Dollar.  What happens if someone claims to be insured, gets hacked, and while the hack is going on, the value of a bitcoin doubles or triples?

Let's say they pay out their insurance.  What do I then get back?  The amount of bitcoins normalized to the dollar value of my original investment?  The complete amount of bitcoins I had on deposit, to make me whole in my book, which costs the bank double or triple to pay out than it would have at the original dollar amount?  The amount of bitcoins I had originally, plus interest for keeping it with the "bank" for x amount of time?

Really, you can manage risk by making things harder for hackers to steal, but can you really properly insure something as volatile as bitcoin?

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