"I was wrong about Bitcoin"

[muh_roads]

Probably because it's very clear you have a vested interest in pumping the value of Bitcoin...

And you have a vested interest in pumping gold/silver/Ron/Rand Paul yet I am not going to attack you for it.

...regardless of the merits of the system. I'd likely do the same.

So you have an agenda to hate on BTC also. You just admitted it. "Regardless of the merits of the system" lol

Facts be damned...if someone posts about why BTC is rising in value to counter the uninformed arguments, you have decided you would rather stick your fingers in your ears and ignore reason like what a stupid liberal would do?

 

[Czolgosz]

Bitcoin, credit cards, U.S. dollars, etc. are faith.


The U.S. dollar will be the dominant religion until that Jeezus is found out to be the fraud that it is (i.e., when you need a wheelbarrow to buy a loaf of bread). Not until that moment will 'muricans put their faith in another.

 

[torchbearer]

folding@home & SETI@home have no personal profit. Yet people do it around the world with their screensavers for the good of science.

The speed of the network and amount of users involved doesn't matter. As few as two miners processing at the same speed are enough to handle all the transactions ever needed. If an individual or government tries to own 51% of the network hashrate, the lead developers say it would be easy to isolate & ignore on the blockchain.

In fact, mining should be renamed once the majority of the 21 million are out in the ether over the next 12-15 years. What you are really doing is processing the ledger transactions for the network. Buyers sometimes have to pay a 0.0005 fee to be shared among miners every 10 minutes but this isn't a mandatory fee either I don't think...I'm not 100% sure how the tiny fee system works. But lack of miners helping out with the system are the least of my concerns.

I process data for seti@home . I started with them before there was a boinc client. I also chipin computer time for the World Community Grid. they were working on aids research.

 

[thoughtomator]

And you have a vested interest in pumping gold/silver/Ron/Rand Paul yet I am not going to attack you for it.

I have no vested interest in pumping anything, which is why I don't pump anything. Unlike your relationship to BitCoin, I stand to gain no particular benefit from adoption of a metallic standard that is not also gained by everyone else. Likewise, I gain nothing from a Paul ascendancy that is not also gained by everyone else.

That you immediately moved to attack my motives and swear false witness against me exposes you for what you really are.

So you have an agenda to hate on BTC also. You just admitted it. "Regardless of the merits of the system" lol

I have no "agenda to hate on BTC". I have been silent to date on the subject having not had enough information to establish a position on the issue. The record shows this to be true.

Facts be damned...if someone posts about why BTC is rising in value to counter the uninformed arguments, you have decided you would rather stick your fingers in your ears and ignore reason like what a stupid liberal would do?

I recognize a pump-and-dump financial scam when I see one, from many years of observing the crooks on Wall St. do exactly this. Your behavior fits the pattern of someone "talking their book" precisely. Your comment record also shows that you immediately move to insult as a first argument when anyone raises any concern about the soundness of BTC.

I have held my peace up until now but I will not remain silent knowing that Bitcoin is a confidence game, letting others get sucked into it. From here on in, you will receive negative rep every time you attempt to again push this scam on this site.

 

[muh_roads]

Bitcoin, credit cards, U.S. dollars, etc. are faith.

The U.S. dollar will be the dominant religion until that Jeezus is found out to be the fraud that it is (i.e., when you need a wheelbarrow to buy a loaf of bread). Not until that moment will 'muricans put their faith in another.

The two key differences are that Bitcoin has a finite amount unlike the others...and that money can be sent instantly around the world to anyone despite government restrictions of transfer.

Yes in a mad max future where electricity and internet is all but gone then BTC might be in trouble. lol

Doom & gloomers have been spouting shit forever. If you want to keep listening to those people and hedge what little you have your whole life then that is your choice. We live in a digital age no matter how much people want to hate on that. I like BTC because the people can have control of this digital age of currency transfer instead of TPTB.

Yes the west may fall some day, but as long as the petrodollar exists, it will be a very, very slow decline. Our masters also live in the west. They like it here just as much as we do and it is in their best interest to continue bombing brown people for resource conquest. We can't change that.

I own metals but I am just not as concerned as so many others are. Even when that day finally comes where the west falls apart, the BRICS nations will be running the show for the next 100 years and they will still trade digitally.

 

[Tod]

My neighbor is a farmer and some years ago he got into raising ostriches along with his mainstay, dairy. He told me all about the benefits of ostriches and how practical they are and how they were going to be the future primary meat. It didn't end well. He got in a little late and got out too late.

 

[muh_roads]

I have no vested interest in pumping anything, which is why I don't pump anything. Unlike your relationship to BitCoin, I stand to gain no particular benefit from adoption of a metallic standard that is not also gained by everyone else. Likewise, I gain nothing from a Paul ascendancy that is not also gained by everyone else.

That you immediately moved to attack my motives and swear false witness against me exposes you for what you really are.

I have no "agenda to hate on BTC". I have been silent to date on the subject having not had enough information to establish a position on the issue. The record shows this to be true.

I recognize a pump-and-dump financial scam when I see one, from many years of observing the crooks on Wall St. do exactly this. Your behavior fits the pattern of someone "talking their book" precisely. Your comment record also shows that you immediately move to insult as a first argument when anyone raises any concern about the soundness of BTC.

I have held my peace up until now but I will not remain silent knowing that Bitcoin is a confidence game, letting others get sucked into it. From here on in, you will receive negative rep every time you attempt to again push this scam on this site.

Sorry but comparing BTC to wall street proves you should still do a bit more reading.

If somebody has a question about BTC, why is it so hard for people to just ask a question instead of resorting to personal bias? Yes you are acting just like a liberal. Sorry if you hate that truth but you are. Still acting as if you know more without knowing the facts. Liberals do this all the time. Stubborn folk.

I know you're smarter than that.

If I'm not a surgeon, I'm not going to tell a surgeon how to do his job. When I didn't understand BTC, I did research and asked questions before making up my mind. You clearly haven't done any research at all to accuse a person of pumping for their sole benefit.

Here is a hint, finite supply that can send faster than the digital government fiat counterpart can help you too.

Do what you wish. But if someone is going to attack BTC or my character I'm going to defend both.

 

[amonasro]

That you immediately moved to attack my motives and swear false witness against me exposes you for what you really are.

I have held my peace up until now but I will not remain silent knowing that Bitcoin is a confidence game, letting others get sucked into it. From here on in, you will receive negative rep every time you attempt to again push this scam on this site.

Prepare to give lots of negative rep then.

No one is making anybody buy bitcoins.

its pretty clear a lot of people don't understand these things and just want to argue.

Take some time to learn about them, how they're created, why they're created, and everything else before you judge. It might take awhile if you're not computer savvy or lack a programming or technical background.

 

[muh_roads]

My neighbor is a farmer and some years ago he got into raising ostriches along with his mainstay, dairy. He told me all about the benefits of ostriches and how practical they are and how they were going to be the future primary meat. It didn't end well. He got in a little late and got out too late.

heh, I dunno man, that really doesn't compare at all. This is the fastest, most secure network in the world right now to prevent against double-spending the same coin.

But yeah, if the moral of that story is to stay on your toes then I agree.

 

[thoughtomator]

Do what you wish. But if someone is going to attack BTC or my character I'm going to defend both.

Your character sucks, as any person can see from the content of your posts, almost every last one of which contains an insult.

 

[thoughtomator]

Prepare to give lots of negative rep then.

No one is making anybody buy bitcoins.

its pretty clear a lot of people don't understand these things and just want to argue.

Take some time to learn about them, how they're created, why they're created, and everything else before you judge. It might take awhile if you're not computer savvy or lack a programming or technical background.

I have no objection to logical argument on either side of the issue. I have a strong objection to heavy-handed marketing tactics.

 

[muh_roads]

I have no objection to logical argument on either side of the issue...

But you just said you would delete my post on the "ponzi" video...regardless of the merits of the system.

 

[muh_roads]

Your character sucks, as any person can see from the content of your posts, almost every last one of which contains an insult.

How is it an insult when it is truth? Sorry if you don't like hearing that you're acting with stubborn bias.

I'm going to defend myself if I'm going to be compared to a Wall Street scumbag.

 

[muh_roads]

I have held my peace up until now but I will not remain silent knowing that Bitcoin is a confidence game, letting others get sucked into it. From here on in, you will receive negative rep every time you attempt to again push this scam on this site.

I didn't catch this until now...Wow. Agenda much? Almost sounds ban worthy. lol

I would not advise non-stop unwarranted negative rep based on personal definition of a "scam".

 

[silverhandorder]

When I can use them as easily as my debit card then we will talk. Right now the exchange rate and needed precaution are not worth it. I don't plan to use bitcoins for savings, if I am going to use them it is to buy things.

 

[psi2941]

I have no vested interest in pumping anything, which is why I don't pump anything. Unlike your relationship to BitCoin, I stand to gain no particular benefit from adoption of a metallic standard that is not also gained by everyone else. Likewise, I gain nothing from a Paul ascendancy that is not also gained by everyone else.

That you immediately moved to attack my motives and swear false witness against me exposes you for what you really are.



I have no "agenda to hate on BTC". I have been silent to date on the subject having not had enough information to establish a position on the issue. The record shows this to be true.



I recognize a pump-and-dump financial scam when I see one, from many years of observing the crooks on Wall St. do exactly this. Your behavior fits the pattern of someone "talking their book" precisely. Your comment record also shows that you immediately move to insult as a first argument when anyone raises any concern about the soundness of BTC.

I have held my peace up until now but I will not remain silent knowing that Bitcoin is a confidence game, letting others get sucked into it. From here on in, you will receive negative rep every time you attempt to again push this scam on this site.

REP POINTS! I was never good at writing but everything in that post, i wanted to say.

Prepare to give lots of negative rep then.

No one is making anybody buy bitcoins.

its pretty clear a lot of people don't understand these things and just want to argue.

Take some time to learn about them, how they're created, why they're created, and everything else before you judge. It might take awhile if you're not computer savvy or lack a programming or technical background.

I'm not the one pumping bit coins on a ronpaul forums if you want your more than welcome to pump the bitcoin on bitcoin forums. Heres a link and don't let the door hit you on the way out. https://bitcointalk.org/

EDIT: lol they have their own economics board run by Hazak https://bitcointalk.org/index.php?board=7.0

Rep too Hazak for no longer pumping bitcoin on this board.

 

[KerriAnn]

If bitcoins are so difficult to understand, why would the general public ever invest in them?

 

[DGambler]

If bitcoins are so difficult to understand, why would the general public ever invest in them?

How many people understand fractional reserve banking, yet still participate wholeheartedly? BTC is still a baby.... Will it win out? Maybe or maybe not, but crypto currency is here to stay. This type of financial system plus an ever increasing sophistication in 3d printers are going to change the world.

 

[KerriAnn]

How many people understand fractional reserve banking, yet still participate wholeheartedly? BTC is still a baby.... Will it win out? Maybe or maybe not, but crypto currency is here to stay. This type of financial system plus an ever increasing sophistication in 3d printers are going to change the world.

But it took hundreds of years of trickery for our "wholehearted" participation in fractional reserve banking.

 

[psi2941]

How many people understand fractional reserve banking, yet still participate wholeheartedly? BTC is still a baby.... Will it win out? Maybe or maybe not, but crypto currency is here to stay. This type of financial system plus an ever increasing sophistication in 3d printers are going to change the world.

I have nothing against bitcoin, if you want to use it its your business. However when people with a personal gain are pumping bitcoins on this forums under "sound money" i have a problem with. If you like bitcoin so much, theres a place for you on this forum https://bitcointalk.org/.