Stop your BTC cheerleading and mass delusion and face the reality

[UnunoctiumTesticles]

Danny, looks like most of that was a claimed quote of Satoshi, so that is a historical accuracy discussion among other things.

He is not giving price speculation, rather he is arguing that Bitcoin is dead or not scaling and there is massive cheerleading and delusion. I have argued upthread that Bitcoin is not dead[1], but I have agreed with him that there is a problem with delusional cheerleading.

[1] Speculation bubbles don't die usually on the first or second bubble but rather on the third one when the retail public moves in. When everyone has access to Bitcoin via Paypal, there can be a another larger bubble involving grandmas and women too. So we can hurt the most people. Speculation bubbles need to hurt many people as possible before they finally die. Bitcoin has no wide use case a currency. But it does have a wide use case as a Ponzi-like (not exactly Ponzi but similar outcome) speculation, where everyone rushes into buy so the Windlevoss twins can cash out with massive profits.

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[SamTsuedo]

Attempts to predict whether bitcoin will increase or decrease in exchange rate belong in speculation subforum.

holding to a few BTC expecting to become millionaires

estimated to be around $100 trillion including the black markets. If this does not happen BTC will be literally worthless - not even half a cent that it started at.

It will not be worth $10,000 or $100,000 dollars

bought at $700 or $900 dollars, cut your loses

November 2013 was the bubble which will never repeat

it is already calculated into the price.

it will be worthless before 2020.

Sure looks like a discussion about price to me.

I'm not trying to "hide" anything.  If I was, I'd say that the topic should be deleted.  I'm just suggesting that it would better fit in a different sub forum.

If you see this as a discussion about the price, well I can't help you with that.

What we are debating here is the core purpose of bitcoin itself, and its existence , which is much larger subject than you would want to admit.

[Lauda]

If you see this as a discussion about the price, well I can't help you with that.

What we are debating here is the core purpose of bitcoin itself, and its existence , which is much larger subject than you would want to admit.

A moderator can help with that, and he's right.
No, nobody is debating anything. This is just you stating idiotic things, which shows us that your mind is very limited.

Please find a flaw in this: I can send $1B with a fee of 40 cents or less.
Now go contact WU and ask them how much that would cost. 

[Sampey]

Please find a flaw in this: I can send $1B with a fee of 40 cents or less.

Probably this is the right example for a money transfer with 40 cent fees

https://blockchain.info/tx/8f1d3a8ef6b2d4a25d2f499279e01518b4770819ccbc39a765c4c326170c61b3

81 Million Dollar Equivalent. 

[UnunoctiumTesticles]

Please find a flaw in this: I can send $1B with a fee of 40 cents or less.

That is not a use case for the broad population. For the broad population there is no use case, other than as a get rich speculation.

[lyth0s]

By the way, Facebook was founded in 2004, it didn't even have positive cash flow until 2009 (5 years later!). As of January 2014 they still had ONLY 1.2 billion active users (10 years later!)

Facebook was launched to the public Sept. 2006.  Bitcoin also had a period before its Jan 2009 launch wherein it was tested by a smaller group. So thus Facebook is only 8 years old as a public service and has 1.2 billion users. Bitcoin is nearing 6 years old as a public service has about about 1000X less users. Sorry there is no comparison.

"launched to public" in 2006? Bitcoin is just known to part of the public during the 2013 run up, does that make it a little over 1 year old? Or do we start with inception dates?

Even if we use your numbers with facebook taking 8 years to get 1.2 billion users, for such an EASY technology to use....expect bitcoin to take much longer...but that is Okay, I'm patient

"Sorry there is no comparison" -- Every part of your (and my) argument is a comparison ....are you just trying to troll?

[UnunoctiumTesticles]

By the way, Facebook was founded in 2004, it didn't even have positive cash flow until 2009 (5 years later!). As of January 2014 they still had ONLY 1.2 billion active users (10 years later!)

Facebook was launched to the public Sept. 2006.  Bitcoin also had a period before its Jan 2009 launch wherein it was tested by a smaller group. So thus Facebook is only 8 years old as a public service and has 1.2 billion users. Bitcoin is nearing 6 years old as a public service has about about 1000X less users. Sorry there is no comparison.

"launched to public" in 2006? Bitcoin is just known to part of the public during the 2013 run up

Launched means launched. Not everyone in the world knew about Facebook in 2006. Before 2006, it was not available to the public, only to closed groups.

Continue with your delusion.

[Sampey]

For the broad population there is no use case

False, totally false, and the problem is that you know it (i hope you understand at least this part of the BTC system).

[UnunoctiumTesticles]

For the broad population there is no use case

False, totally false, and the problem is that you know it (i hope you understand at least this part of the BTC system).

More unsubstantiated posts. You provide no argument.

Fact is that money transfer still requires the sender and the recipient to cash in and cash out in fiat. They still pay the fees.

[lyth0s]

Please find a flaw in this: I can send $1B with a fee of 40 cents or less.

That is not a use case for the broad population. For the broad population there is no use case, other than as a get rich speculation.

Use cases?

1. Remittances -- very low fees compared to 10-15% of companies like western union
2. Self storage - Your accounts are not able to be "frozen" by 3rd parties
3. Portability -- You can travel to any country and immediately use your bitcoins without needing to transfer funds from one bank to another or pay additional currency exchange fees. If you tried to travel with a suitcase of cash you'd soon be broke/robbed
4. Not able to be used in Bail-ins: Example Cyprus stealing money from large account holders to bail-in their banks. And actually the G20 just agreed that bail-ins should be used before bail-outs by the IMF or the central banks....we are going to see a lot more bank failures and bail-ins in the near future
5. Known inflation/emission rate. : Take notice of argentina, or the QE in USA
6. the list goes on and on but if your too lazy to look them up then I'm going to stop here.

[Lauda]

For the broad population there is no use case

False, totally false, and the problem is that you know it (i hope you understand at least this part of the BTC system).

More unsubstantiated posts. You provide no argument.

Fact is that money transfer still requires the sender and the recipient to cash in and cash out in fiat. They still pay the fees.

The argument: are people who are currently on this forum/using bitcoin not part of the 'broad population'?
If not, are you trying to say that I'm intelligent or special in some way?  

Also: You found no flaw, since there is no flaw in it.

Probably this is the right example for a money transfer with 40 cent fees
https://blockchain.info/tx/8f1d3a8ef6b2d4a25d2f499279e01518b4770819ccbc39a765c4c326170c61b3

81 Million Dollar Equivalent. 

Exactly.

[bg002h]

Future price predictions threads, up or down, always require at least a little hubris. This speculation thread is a bit above average though...

If the market knew what would happen, the price would be stable...

[lyth0s]

By the way, Facebook was founded in 2004, it didn't even have positive cash flow until 2009 (5 years later!). As of January 2014 they still had ONLY 1.2 billion active users (10 years later!)

Facebook was launched to the public Sept. 2006.  Bitcoin also had a period before its Jan 2009 launch wherein it was tested by a smaller group. So thus Facebook is only 8 years old as a public service and has 1.2 billion users. Bitcoin is nearing 6 years old as a public service has about about 1000X less users. Sorry there is no comparison.

"launched to public" in 2006? Bitcoin is just known to part of the public during the 2013 run up

Launched means launched. Not everyone in the world knew about Facebook in 2006. Before 2006, it was not available to the public, only to closed groups.

Continue with your delusion.

In 2009 bitcoin was not known to the world, just a small group of cryptoanalysts that were on a specific mailing list, and there was only 1 miner (satoshi). So then we shouldn't be stating that bitcoin was "launched" in 2009 according to your definition. If you don't realize that I'm done feeding you here.

[Sampey]

More unsubstantiated posts. You provide no argument.

No problem.

I Want to send some money to anyone in the world and be sure that this person receive them in near 10 minutes.

I want to send you some shit in anonymous way http://www.shitexpress.com/?language=en

I want to pay for porn undetected

I don't need to pay % fees to my bank only for transferring money (95% of FIAT are virtual, only data on computers)

My bank (or part of it) is inside my home/on my smarthone

No BCE/FED printing money and manage them, BTC is a transparent system, no trick.

I need to continue?  

Fact is that money transfer still requires the sender and the recipient to cash in and cash out in fiat

False. Many people trade only with BTC, no need to change to Fiat.


Man..........i don't have understand NOTHING about BTC. But we are here to teach you.
Once upon a time i was a noob like you...........don't worry  

[UnunoctiumTesticles]

The argument: are people who are currently on this forum/using bitcoin not part of the 'broad population'?

Absolutely not. You are delusional males with goldbug tendencies (which is another delusion) and high tech envy (most of you can't build, so you pontificate).

And you force yourself to use Bitcoin because of your delusion, even trying to find ways to force unnatural use it for your pregnant wife's term. And your use of Bitcoin as a speculation far outweighs your forced unnatural use of it as a transaction currency.

If not, are you trying to say that I'm intelligent or special in some way?  

Yes, you are delusional.

[UnunoctiumTesticles]

I want to send you some shit in anonymous way http://www.shitexpress.com/?language=en

Bitcoin is not anonymous. I already had this argument with franky1 and I will not repeat it. Refer to my archive of posts.

[Sampey]

I want to send you some shit in anonymous way http://www.shitexpress.com/?language=en

Bitcoin is not anonymous. I already had this argument with franky1 and I will not repeat it. Refer to my archive of posts.

Yes it is, if you don't have a correspondence with Who I Am and my address i'm 100% anonymous.

Oh, i think you're the first/second account of SamTsuedo right? Lol 

[UnunoctiumTesticles]

Please find a flaw in this: I can send $1B with a fee of 40 cents or less.

That is not a use case for the broad population. For the broad population there is no use case, other than as a get rich speculation.

Use cases?

1. Remittances -- very low fees compared to 10-15% of companies like western union
2. Self storage - Your accounts are not able to be "frozen" by 3rd parties
3. Portability -- You can travel to any country and immediately use your bitcoins without needing to transfer funds from one bank to another or pay additional currency exchange fees. If you tried to travel with a suitcase of cash you'd soon be broke/robbed
4. Not able to be used in Bail-ins: Example Cyprus stealing money from large account holders to bail-in their banks. And actually the G20 just agreed that bail-ins should be used before bail-outs by the IMF or the central banks....we are going to see a lot more bank failures and bail-ins in the near future
5. Known inflation/emission rate. : Take notice of argentina, or the QE in USA
6. the list goes on and on but if your too lazy to look them up then I'm going to stop here.

1. Convert to and from fiat is the same or more fees, plus much more hassle in many scenarios.
2. Just wait until the KYC regulations on the miners come once most of the users are accessing Bitcoin through Paypal and Coincase and other centralized choke points.
3. You need to convert to fiat before you can use it.
4. Ditto #2.
5. Bitcoin can be debased just like gold was debased in the 1800s, via fractional reserve loans denominated in BTC. Gresham's Law insures the public will adopt the most debased unit.
6. The longer your list, the more proof you provide that I am correct.

[solitude]

every time the price of BTC goes down, people like OP invade the forum with their bullshit.

Every time the price of BTC goes up, people like OP look at the price, seething with rage, foaming at the mouth, wishing they invested earlier.

[UnunoctiumTesticles]

every time the price of BTC goes down, people like OP invade the forum with their bullshit.

Every time the price of BTC goes up, people like OP look at the price, seething with rage, foaming at the mouth, wishing they invested earlier.

Indeed. The use case of Bitcoin is a speculation bubble.