The Story of Bob Surplus

[woogod]

Just finished the story,
Definitely a must read for crypto newbies hehe

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[coinits]

He's still pumping

On Twitter

https://twitter.com/EMC2Whale

[Skrodk]

He's still pumping

On Twitter

https://twitter.com/EMC2Whale

Is that really him?

[coinits]

He's still pumping

On Twitter

https://twitter.com/EMC2Whale

Is that really him?

Yes

[Hueristic]

He's still pumping

On Twitter

https://twitter.com/EMC2Whale

Is that really him?

Yes

Well, that makes it east to tell what scams to stay away from then.

[coinits]

He's still pumping

On Twitter

https://twitter.com/EMC2Whale

Is that really him?

Yes

Well, that makes it east to tell what scams to stay away from then.

Well he is right about the Tether scam. It's a huge fraud that will rock crypto when it comes crashing down.

[Hueristic]

He's still pumping

On Twitter

https://twitter.com/EMC2Whale

Is that really him?

Yes

Well, that makes it east to tell what scams to stay away from then.

Well he is right about the Tether scam. It's a huge fraud that will rock crypto when it comes crashing down.

That has been well known for quite awhile, if you search my post history you will find warnings from when polo first listed it. When did he notice it? It's pretty well known around the interwebs that it is backed by nothing. It's the hot potato token when the music stops we will se who gets burned.

[QuestionAuthority]

He's still pumping

On Twitter

https://twitter.com/EMC2Whale

Is that really him?

Yes

Well, that makes it east to tell what scams to stay away from then.

Well he is right about the Tether scam. It's a huge fraud that will rock crypto when it comes crashing down.

That has been well known for quite awhile, if you search my post history you will find warnings from when polo first listed it. When did he notice it? It's pretty well known around the interwebs that it is backed by nothing. It's the hot potato token when the music stops we will se who gets burned.

It is backed by nothing?  What exactly do you think Bitcoin is backed by then?  All it will take for the “music to stop” on Bitcoin is one major event (coding problem, multi govt action, whale dump and price crash, et cetera)

[Hueristic]

He's still pumping

On Twitter

https://twitter.com/EMC2Whale

Is that really him?

Yes

Well, that makes it east to tell what scams to stay away from then.

Well he is right about the Tether scam. It's a huge fraud that will rock crypto when it comes crashing down.

That has been well known for quite awhile, if you search my post history you will find warnings from when polo first listed it. When did he notice it? It's pretty well known around the interwebs that it is backed by nothing. It's the hot potato token when the music stops we will se who gets burned.

It is backed by nothing?  What exactly do you think Bitcoin is backed by then?  All it will take for the “music to stop” on Bitcoin is one major event (coding problem, multi govt action, whale dump and price crash, et cetera)

What a retarded post. I usually don't answer moronic shit like this but I I read it because I haven't had my coffee yet.

Why don't you ask some n00b to ELI5 it for you.

[QuestionAuthority]

He's still pumping

On Twitter

https://twitter.com/EMC2Whale

Is that really him?

Yes

Well, that makes it east to tell what scams to stay away from then.

Well he is right about the Tether scam. It's a huge fraud that will rock crypto when it comes crashing down.

That has been well known for quite awhile, if you search my post history you will find warnings from when polo first listed it. When did he notice it? It's pretty well known around the interwebs that it is backed by nothing. It's the hot potato token when the music stops we will se who gets burned.

It is backed by nothing?  What exactly do you think Bitcoin is backed by then?  All it will take for the “music to stop” on Bitcoin is one major event (coding problem, multi govt action, whale dump and price crash, et cetera)

What a retarded post. I usually don't answer moronic shit like this but I I read it because I haven't had my coffee yet.

Why don't you ask some n00b to ELI5 it for you.

Based on your vernacular, you’re obviously an intelligent and sophisticated person. So, why don’t you enlighten us by regaling us with your views on what Bitcoin is backed by then?

Oh, please try to answer with more than just parroting back the scarcity argument. That argument is a myth for anything that can be created on a computer because anything that’s coded can be changed at any point by a nefarious actor.

[YClipse]

A legend

[disam]

after reading the wolong doge game manifesto, i have to tell that i loved this article here.

[kikoy999]

what a story  im enjoy that.

[Hueristic]

....

Based on your vernacular, you’re obviously an intelligent and sophisticated person. So, why don’t you enlighten us by regaling us with your views on what Bitcoin is backed by then?

It took me awhile to figure out that you just enjoy trolling as I don't frequent the sections you post in but I will answer your questions.

BTC is backed by the work it to to create it, it is (practically) impossible to create more of it without putting more work into it than you could recover therefore making it a excellent store of value.

Oh, please try to answer with more than just parroting back the scarcity argument. That argument is a myth for anything that can be created on a computer because anything that’s coded can be changed at any point by a nefarious actor.

There is no way your random mystical nefarious actor can change the blockchain, it would take a state actor like china and I have been warning about that for quite some time. People forget that china is a totalitarian society that sets what it's own currency is worth and they can take possession of all that equipment in one fell swoop. But I cannot see where this would be advantageous to them currently but anything can happen in a dictatorship.

BTW I am not a btc maximalist and believe crypto should free mankind not the opposite and open blockchain tech has the ability to do just that. Hence my XMR support.

I am https://en.wikipedia.org/wiki/Cypherpunk

[bbc.reporter]

He's still pumping

On Twitter

https://twitter.com/EMC2Whale

Is that really him?

Yes

Well, that makes it east to tell what scams to stay away from then.

Well he is right about the Tether scam. It's a huge fraud that will rock crypto when it comes crashing down.

That has been well known for quite awhile, if you search my post history you will find warnings from when polo first listed it. When did he notice it? It's pretty well known around the interwebs that it is backed by nothing. It's the hot potato token when the music stops we will se who gets burned.

It is backed by nothing?  What exactly do you think Bitcoin is backed by then?  All it will take for the “music to stop” on Bitcoin is one major event (coding problem, multi govt action, whale dump and price crash, et cetera)

I am sorry, but I cannot help it. I have to interject and join the discussion hehe.

Yes bitcoin is not backed by anything, but surely you cannot justify that Tether's unbackedness is the same as bitcoin's. From the distribution of the coins, the monetary policy and to the structure of the network, you know bitcoin does it in a way that prevents any participant in the network from becoming a central authority.

On the otherside, there are rumors that Tether printed another $94 million worth of USDT.

[QuestionAuthority]

He's still pumping

On Twitter

https://twitter.com/EMC2Whale

Is that really him?

Yes

Well, that makes it east to tell what scams to stay away from then.

Well he is right about the Tether scam. It's a huge fraud that will rock crypto when it comes crashing down.

That has been well known for quite awhile, if you search my post history you will find warnings from when polo first listed it. When did he notice it? It's pretty well known around the interwebs that it is backed by nothing. It's the hot potato token when the music stops we will se who gets burned.

It is backed by nothing?  What exactly do you think Bitcoin is backed by then?  All it will take for the “music to stop” on Bitcoin is one major event (coding problem, multi govt action, whale dump and price crash, et cetera)

I am sorry, but I cannot help it. I have to interject and join the discussion hehe.

Yes bitcoin is not backed by anything, but surely you cannot justify that Tether's unbackedness is the same as bitcoin's. From the distribution of the coins, the monetary policy and to the structure of the network, you know bitcoin does it in a way that prevents any participant in the network from becoming a central authority.

On the otherside, there are rumors that Tether printed another $94 million worth of USDT.

You’re right of course, no crypto is backed by anything. People have simply replaced trusting a government fiat issuing authority wth trusting a collection of unknown coders and half-assed community oversight. A perfect example of the half-assed oversight is the respected an revered Roger Ver visiting MtGox and telling everyone how great things are going right before Karpeles loses 500k community bitcoins.

I agree, Tether is worse.

[Hueristic]

He's still pumping

On Twitter

https://twitter.com/EMC2Whale

Is that really him?

Yes

Well, that makes it east to tell what scams to stay away from then.

Well he is right about the Tether scam. It's a huge fraud that will rock crypto when it comes crashing down.

That has been well known for quite awhile, if you search my post history you will find warnings from when polo first listed it. When did he notice it? It's pretty well known around the interwebs that it is backed by nothing. It's the hot potato token when the music stops we will se who gets burned.

It is backed by nothing?  What exactly do you think Bitcoin is backed by then?  All it will take for the “music to stop” on Bitcoin is one major event (coding problem, multi govt action, whale dump and price crash, et cetera)

I am sorry, but I cannot help it. I have to interject and join the discussion hehe.

Yes bitcoin is not backed by anything, but surely you cannot justify that Tether's unbackedness is the same as bitcoin's. From the distribution of the coins, the monetary policy and to the structure of the network, you know bitcoin does it in a way that prevents any participant in the network from becoming a central authority.

On the otherside, there are rumors that Tether printed another $94 million worth of USDT.

You’re right of course, no crypto is backed by anything. People have simply replaced trusting a government fiat issuing authority wth trusting a collection of unknown coders and half-assed community oversight. A perfect example of the half-assed oversight is the respected an revered Roger Ver visiting MtGox and telling everyone how great things are going right before Karpeles loses 500k community bitcoins.

I agree, Tether is worse.

If this is really what you believe then I am sorry for you.

[illiki23]

Great and unique writing voice!

If I weren't staying sober I would tentatively ask what you were on.  Reminds me of my stay up all night writing days. 

No but seriously, good stuff.  Keep writing!

[adam1230]

This is a fantastic story. Can you please allow me to use your story in a short movie related in crypto currencies?
we will use some parts and shoot a nice short movie to warn newbies.

[bbc.reporter]

@QuestionAuthority. That is your opinion. But what do you reckon the bitcoin developers and the community do to make the system of governance better, and how do you expect them to achieve it?

In any case, if you really reckon that bitcoin is hopeless, then what cryptocoin would you suggest as a better alternative?