Thread: RIP Bitcoin

like longway mentioned, apparently the "blockchains" are here to stay.

have read that even buying and selling services (like a consultation) will be able to be simply transacted on a blockchain.

the blockchain is not going to replace anything or make things more efficient and less costly for everyone, the only reason you would want to use that technology

banks and corporations will fuck it up like they always do as soon as they touch a technology that they use as their main tools

look at what happened to XML, Java, SOAP/WS, SMTP, they fucked it all up and made it very expensive to integrate and run while in reality it shouldn't

big corporations, like big governments, are incapable of running things efficiently, no matter how much tech or money you throw at them

Originally Posted by Dragonfly

the blockchain is not going to replace anything or make things more efficient and less costly for everyone, the only reason you would want to use that technology

banks and corporations will fuck it up like they always do as soon as they touch a technology that they use as their main tools

look at what happened to XML, Java, SOAP/WS, SMTP, they fucked it all up and made it very expensive to integrate and run while in reality it shouldn't

big corporations, like big governments, are incapable of running things efficiently, no matter how much tech or money you throw at them

fair point and we'll see.

Originally Posted by Dragonfly

big corporations, like big governments, are incapable of running things efficiently, no matter how much tech or money you throw at them

Which is exactly why bitcoin and similar crypto are poised to take over the world!

It may not be Bitcoin per se. But some similar crypto formulation.

Bitcoin itself is struggling right now with the fat cat corporate miners fucks trying to turn the wheels for their own benefit.
So far Bitcoin has been adjusting and weathering the attacks.
Mind ya the wise among us are paying attention. Which is quite unlike an ignorant Luddite braying about "bubbles".

Do I totally grasp the tech of what is going? Fuck no! Precious few people really do, which is why you pay fucking attention to what's going on.

Will I jump the bitcoin ship at some point? Sure, but the foreseeable future of bitcoin is a rocket ride to Uranus..

is having a tech to conceal assets worthwhile ? sure why not,

should it be mainstream or for a selected few criminals ? another fair question

should we have an independent system to exchange store of value that is free of all government intervention ? that's impossible and contrarian to a system of universal counter-party. The only universal counter party that can guarantee the free flow of a currency unit is some kind of supervisory power in an organized society, aka a government. Not an exchange run by hackers or authoritarian anarchists

the question remains, what is the purpose and the scope of that purpose ? it's a not even a question of technology, it's a question of principles and solid organization, and Bitcoin has neither.

Originally Posted by Mr Earl

Do I totally grasp the tech of what is going? Fuck no! Precious few people really do, which is why you pay fucking attention to what's going on.

it has been quite clear from the start that you and baldrick and friends have no clue about the tech behind it. All you can do is post links and rehash the hype from bitcoin promoters.

I understand the tech behind it, and I can see the BS right through it. Baldrick is not smart enough techwise, so he got fooled like the rest of the clueless Chinese peasants, and as a chav he is greedy, so he thinks he is going to win the lottery. His case is not unique, it's actually quite common, and the reason why most people don't have money in the first place and should be taxed to oblivion instead.

As soon as they have a bit of cash, they blow it all on stupid shit like Bitcoins and lottery tickets

Originally Posted by Mr Earl

Government is not very smart when money is concerned.

I agree and this is exactly why fiat works.

If you bought Bitcoin at circa 1-2k and haven't sold out at circa $10k thus making 5-10 times your money you deserve to get burnt as just greed now and you'll end up regretting not bailing now.

Originally Posted by YourDaddy

I agree and this is exactly why fiat works.

But is it really working?

Yesterday I bought a bought a bowl of noodles for 50 baht, ten years ago that same bowl of noodles was 20 baht.

I suppose it is working out great for the wealthy elite, but not so great for slobs like me who eat noodles on the street.

Originally Posted by buriramboy

If you bought Bitcoin at circa 1-2k and haven't sold out at circa $10k thus making 5-10 times your money you deserve to get burnt as just greed now and you'll end up regretting not bailing now.

And do what with the money? Dollars? Euro? New car? Insurance? Taxes? Petrol? The latest dildo?

This time next year Bitcoin will be 50-100k and you will be wishing you passed on that dildo....

Originally Posted by Dragonfly

the blockchain is not going to replace anything or make things more efficient and less costly for everyone, the only reason you would want to use that technology

banks and corporations will fuck it up like they always do as soon as they touch a technology that they use as their main tools

look at what happened to XML, Java, SOAP/WS, SMTP, they fucked it all up and made it very expensive to integrate and run while in reality it shouldn't

big corporations, like big governments, are incapable of running things efficiently, no matter how much tech or money you throw at them

They rake in trillions and drive the global economy, just as well they're incompetent or we'll be in real trouble.

Originally Posted by Mr Earl

But is it really working?

Yesterday I bought a bought a bowl of noodles for 50 baht, ten years ago that same bowl of noodles was 20 baht.

I suppose it is working out great for the wealthy elite, but not so great for slobs like me who eat noodles on the street.

and you think blockchains or bitcoins are going to fix this ?

government and big corporations are very good at collecting money, and making the poor pays more

but they are terrible at spending it, wasting it all on stupid projects (M&A, Corporate jets etc...)

look at a big corp like Apple, they keep selling shinning shit to poor people for 1,000 USD and it works

Still waiting on Mr. Earl to set me up an account.

Originally Posted by Dragonfly

and you think blockchains or bitcoins are going to fix this ?

Bitcoin is deflationary, so it indeed offers significant protection from central government bankster criminals from the robbery called inflation.

This is a game changer for regular folks looking for some financial autonomy.

The US Federal government and the IRS are starting to freak out on Bitcoin because it is out of their control.

But they are a day late and a dollar short.

People are getting increasingly aware and really pissed off about government scam banking.

Originally Posted by Mr Earl

Bitcoin is deflationary, so it indeed offers significant protection from central government bankster criminals from the robbery called inflation.

This is a game changer for regular folks looking for some financial autonomy.

The US Federal government and the IRS are starting to freak out on Bitcoin because it is out of their control.

But they are a day late and a dollar short.

People are getting increasingly aware and really pissed off about government scam banking.

Is that why banks are now overly regulated ?

Set up my account Mr. Earl and I will believe.

Originally Posted by Mr Earl

Bitcoin is deflationary

Only if the price keeps rising

Originally Posted by Pattaya Plies

Set up my account Mr. Earl

Is there a punchline buried here somewhere? Because I feel like I'm missing it...

Surely Mr. Earl has such faith in the new found that he can set up an account with full access so we can all see the transparency.

Account Name: Teak Door

Password: Numpty

Originally Posted by redhaze

Only if the price keeps rising

Seems like you haven't quite grasped the concept and where this is going.


Mind ya the game is changing very fast.
Here's the latest news which will likely boost the Bitcoin prices.

https://www.cnbc.com/2017/12/01/cme-...twitter%7Cmain

Originally Posted by Pattaya Plies

Surely Mr. Earl has such faith in the new found that he can set up an account with full access so we can all see the transparency.

Account Name: Teak Door

Password: Numpty

It doesn't work that way. Google bitcoin wallet.

Kinda scary how stupid some people can get.

It is indeed the "ultimate ignorance" to dismiss something you refuse to investigate

Originally Posted by Mr Earl

It doesn't work that way. Google bitcoin wallet.

Kinda scary how stupid some people can get.

It is indeed the "ultimate ignorance" to dismiss something you refuse to investigate

You set up the account and I'll have a transfer made.

If you bail then it's a scam.

Originally Posted by Pattaya Plies

You set up the account and I'll have a transfer made.

First you have to set up your own wallet.

Perhaps you need someone local to hold your hand...

https://localbitcoins.com/

Honestly I wouldn't even waste the transfer fees on you...

Originally Posted by Mr Earl

Do I totally grasp the tech of what is going? Fuck no! Precious few people really do, which is why you pay fucking attention to what's going on.

which makes you the perfect victim for Bitcoins, the more obscure and crypto myths it has, the more thrilling

you are not buying technology Earl, you are buying thrill and excitement, not a good recipe for making money long term

the crypto is a scam, it's like building a safe with a front door full of bit and gadgets but they forget how walls around the safe are made of woods

look at the objective statement of crypto currency in their manifest, what they want to achieve etc... not how, and you see immediately it's an impossible task and an objective dreamed by loons and poorly educated fools who got bored and decided to start something new. The "how" to achieve their objective is even more ridiculous, and that alone should tell you how much of a scam it is. Not even need to look at their source code

Originally Posted by Mr Earl

Bitcoin is deflationary, so it indeed offers significant protection from central government bankster criminals from the robbery called inflation.

jesus, stop smoking that weed

I'm 100% stupid Mr. Earl

Set up the account and you can keep the first transfer received.

Originally Posted by Pattaya Plies

I'm 100% stupid Mr. Earl

Set up the account and you can keep the first transfer received.

it should be fairly easy to setup a bitcoin account, even for you

the whole thing is a scam and therefore must be idiot proof