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Author Topic: Why bitcoin is in big trouble and is ultimately doomed!  (Read 12725 times)
finkleshnorts
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July 09, 2012, 05:39:27 PM
 #41

lol

this explains a lot:

I agree, I think we should be done with the bitcoin community. They are obviously a bunch of fools, and embrace the goodness that is Litecoin. Infact, we should probably integrate a feature in the litecoin client where it blocks anyone who has Bitcoin running or owns any bitcoin addresses! Smiley

Cryptowar for the future!!! Rawr!

Are you 11?

haha no, why?

Are you a pedophile?

Not you...
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1511089145
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drrussellshane
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July 09, 2012, 05:40:11 PM
 #42

lol

this explains a lot:

I agree, I think we should be done with the bitcoin community. They are obviously a bunch of fools, and embrace the goodness that is Litecoin. Infact, we should probably integrate a feature in the litecoin client where it blocks anyone who has Bitcoin running or owns any bitcoin addresses! Smiley

Cryptowar for the future!!! Rawr!

Are you 11?

haha no, why?

Are you a pedophile?

Not you...

Haha ok then. Consider my query retracted.

  Cheesy

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finkleshnorts
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July 09, 2012, 05:40:24 PM
 #43

That wasn'thim. His account was hacked  Roll Eyes
You think so?

Everyone knows how much hackers just love spreading the litecoin gospel
mystery2048
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July 09, 2012, 05:41:28 PM
 #44

Ok, that matter will be investigated. This is a serious thread, please behave and get back on topic.

Important: https://bitcointalk.org/index.php?topic=92424.0;all

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mccorvic
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July 09, 2012, 05:42:53 PM
 #45

Ok, that matter will be investigated. This is a serious thread, please behave and get back on topic.

Serious thread became unserious when you were outted as an litescammer. 

But seriously, I'm curious as to how you don't see that the only "success" LTC could hope for is to sink both BTC and LTC.

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finkleshnorts
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July 09, 2012, 05:44:07 PM
 #46

Ok, that matter will be investigated. This is a serious thread, please behave and get back on topic.

Dude's trolling. I'm out.
mystery2048
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July 09, 2012, 05:45:33 PM
 #47

I am nothing of the sort, I was going to remove my signature ages ago as it was very old...

Important: https://bitcointalk.org/index.php?topic=92424.0;all

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Raoul Duke
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July 09, 2012, 05:45:59 PM
 #48

Ok, that matter will be investigated. This is a serious thread, please behave and get back on topic.

Serious thread became unserious when you were outted as an litescammer. 

But seriously, I'm curious as to how you don't see that the only "success" LTC could hope for is to sink both BTC and LTC.

Litecoin will be very succesfull. Their windows only client that's not updated since February and has serious flaws that were already addressed on the Bitcoin client will take it sky high.

mystery2048
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July 09, 2012, 05:48:17 PM
 #49

psy, please keep on topic, this post is not about litecoin.

Important: https://bitcointalk.org/index.php?topic=92424.0;all

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Raoul Duke
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July 09, 2012, 05:49:25 PM
 #50

I am nothing of the sort, I was going to remove my signature ages ago as it was very old...

Very old and it advertises a litecoin wallet that was announced on June 8, 2012.
https://bitcointalk.org/index.php?topic=86345.0

We should ask theymos to check the logs and see the date when he last edited his signature...

rjk
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July 09, 2012, 05:49:37 PM
 #51

psy, please keep on topic, this post is not about litecoin.
So you think bitcoin will fail, but you still have a donation address in your sig?

Whatever.

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drrussellshane
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July 09, 2012, 05:50:10 PM
 #52

psy, please keep on topic, this post is not about litecoin.

but I thought bitcoin and litecoin were pretty much the same?


 Grin

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July 09, 2012, 05:50:35 PM
 #53

While that $2000 is most likely easy money for me, I don't want to take your money or humiliate you. I am just giving you a warning that you are treading in dangerous waters. Many people here are risking much higher sums than that every day. Whatever you want to take from this failed experiment, you should not put in any money that you cannot afford to lose!

Is this where I get to use the quote button?

  • Make a financial forecast
  • Take a stance using bets or financial instruments
  • Huh
  • PROFIT

Though I agree on one thing: don't put in more than you can afford to lose. That comes in automatically if you do the forecast correctly, but who does that in the first place? Tongue

But yea, Bitcoin is high-risk. Speculating on it is for people who like the idea. Cool
mystery2048
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July 09, 2012, 05:50:59 PM
 #54

rjk, Bit-coin will fail at some point, I see no point in *not* having an address to sell any coins I may come into possession of. And thanks for the thought out post Vandroiy!

Important: https://bitcointalk.org/index.php?topic=92424.0;all

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MoonShadow
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July 09, 2012, 05:51:21 PM
 #55

Bitcoin is a risky project and there is a high change that you will lose everything.

If I lose everything that I have today, I would honestly have to say that I've come out ahead overall over the past 2+ years.

Now that you've said your peace, I'll buy you out at $3 per and you can leave.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
rjk
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July 09, 2012, 05:52:10 PM
 #56

rjk, Bit-coin will fail at some point, I see no point in having an address to sell any coins I may come into possession of. And thanks for the thought out post Vandroiy!
Are you even reading what you are writing?

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mystery2048
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July 09, 2012, 05:53:26 PM
 #57

Sorry, corrected post.

Important: https://bitcointalk.org/index.php?topic=92424.0;all

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Raoul Duke
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July 09, 2012, 05:54:44 PM
 #58

Sorry, corrected post.

You can fix posts but you can't cure stupidity...

mystery2048
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July 09, 2012, 05:58:23 PM
 #59

Nor can you correct rudeness and general crudity... In any case, I was wondering whether you think the ASICS will cause a problem for bitcoin and mining in general? I am myself very worried about mining being monopolized by a small but powerful group.

Important: https://bitcointalk.org/index.php?topic=92424.0;all

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mccorvic
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July 09, 2012, 06:03:27 PM
 #60

Nor can you correct rudeness and general crudity... In any case, I was wondering whether you think the ASICS will cause a problem for bitcoin and mining in general? I am myself very worried about mining being monopolized by a small but powerful group.

As bitcoin isn't about "printing free money!" I am not worried outside of the 51% attack scenario.  But, competition being what it is, I don't see the 51% situation likely.

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