Topic: Bitcoin going to zero - Karl Denninger Tickerforum.org - page 2. (Read 17988 times)
OP should feel bad
Morning 2dogs 
I wondered if that was you when I saw the moniker.
I wondered if that was you when I saw the moniker. That's twisted 
Bitcoin certainly challenges rule makers, many things appear to be starting over from scratch with bitcoin. Maybe he's afraid that people can't control government and bitcoin is govcoin? Personally, I see past it because I can count 100 good things for every 1 bad thing and I can see government as the consensus of the local/county/state/country blockchains.
FYI: I would say I knew Karl fairly well. I was an highly active member of his forums (and Gold Donator) for over four years. I was the one who explained how Bitcoin worked to him back in 2011/2012. Bitcoin certainly challenges rule makers, many things appear to be starting over from scratch with bitcoin. Maybe he's afraid that people can't control government and bitcoin is govcoin? Personally, I see past it because I can count 100 good things for every 1 bad thing and I can see government as the consensus of the local/county/state/country blockchains.It's not that he's afraid people can't control government - that would make him favour Bitcoin - he blames the population for not controlling the government and holding them accountable for the Constitution.
So far this view has lead him to start two unsuccessful attempts at new political parties and numerous protests, and despite those failures he refuses to accept the possibility that the road to the solution to all the problems he's identified does not pass through politics.
In April 2013, KD was bashing BTC on tickerforum - but I noticed a nice looking chart and he was ranting didn't add up.
KD was an egotistical know-it-all - "told ya so" was his favorite saying.
It might have been your posts that convinced me - I took the dive and bought my first bitcoin then.
Haven't looked back since.
Bitcoin should be less than $10 by the first half of the month. Also already $10k+ according to some hyper-optismical hodlers from the forum.
I think people should have more care when speaking about bitcoin price and future.
I think people should have more care when speaking about bitcoin price and future.
Karl Denninger is a serious wetpants. He just bashes everything and when something goes wrong he steps up and says, “See I told you so.”
He is old school. He thinks buying gold and silver is stupid too. That is when I tuned him out.
I remember, hello again. - aka Ponzi_Unit
I wish I hadn't lost the login information to my original bitcointalk account, which matched my tickerforum account name, but it points at an email address I no longer have so there's no way to recover it. That's twisted Bitcoin certainly challenges rule makers, many things appear to be starting over from scratch with bitcoin. Maybe he's afraid that people can't control government and bitcoin is govcoin? Personally, I see past it because I can count 100 good things for every 1 bad thing and I can see government as the consensus of the local/county/state/country blockchains.
FYI: I would say I knew Karl fairly well. I was an highly active member of his forums (and Gold Donator) for over four years. I was the one who explained how Bitcoin worked to him back in 2011/2012. Bitcoin certainly challenges rule makers, many things appear to be starting over from scratch with bitcoin. Maybe he's afraid that people can't control government and bitcoin is govcoin? Personally, I see past it because I can count 100 good things for every 1 bad thing and I can see government as the consensus of the local/county/state/country blockchains.It's not that he's afraid people can't control government - that would make him favour Bitcoin - he blames the population for not controlling the government and holding them accountable for the Constitution.
So far this view has lead him to start two unsuccessful attempts at new political parties and numerous protests, and despite those failures he refuses to accept the possibility that the road to the solution to all the problems he's identified does not pass through politics.
I remember, hello again. - aka Ponzi_Unit
That's twisted Bitcoin certainly challenges rule makers, many things appear to be starting over from scratch with bitcoin. Maybe he's afraid that people can't control government and bitcoin is govcoin? Personally, I see past it because I can count 100 good things for every 1 bad thing and I can see government as the consensus of the local/county/state/country blockchains.
FYI: I would say I knew Karl fairly well. I was an highly active member of his forums (and Gold Donator) for over four years. I was the one who explained how Bitcoin worked to him back in 2011/2012. Bitcoin certainly challenges rule makers, many things appear to be starting over from scratch with bitcoin. Maybe he's afraid that people can't control government and bitcoin is govcoin? Personally, I see past it because I can count 100 good things for every 1 bad thing and I can see government as the consensus of the local/county/state/country blockchains.It's not that he's afraid people can't control government - that would make him favour Bitcoin - he blames the population for not controlling the government and holding them accountable for the Constitution.
So far this view has lead him to start two unsuccessful attempts at new political parties and numerous protests, and despite those failures he refuses to accept the possibility that the road to the solution to all the problems he's identified does not pass through politics.
Man... We've come a long way, have we?
I don't quite get why someone dug out especially this thread... I though this was a new thread when I read the headline because, well, the FUD actually never changes. Even if someone bought at $200, they's be at over 300% even now so, yeah... a Prof. Bitcorn quality prediction, I'd say...
I brought this thread out because of NY's BitLicense efforts. In the proposed legislation one of the fundamental regulations is one dollar of capital.
I thought it fascinating that one of Bitcoins biggest detractors makes an excellent point for 100% reserves.
Always enjoy it when someone diggs up this old relics.
Nothing makes me feel more bullish!
Me too
Man... We've come a long way, have we?
I don't quite get why someone dug out especially this thread... I though this was a new thread when I read the headline because, well, the FUD actually never changes. Even if someone bought at $200, they's be at over 300% even now so, yeah... a Prof. Bitcorn quality prediction, I'd say...
I brought this thread out because of NY's BitLicense efforts. In the proposed legislation one of the fundamental regulations is one dollar of capital.
I thought it fascinating that one of Bitcoins biggest detractors makes an excellent point for 100% reserves.
Always enjoy it when someone diggs up this old relics.
Nothing makes me feel more bullish!
I thought it fascinating that one of Bitcoins biggest detractors makes an excellent point for 100% reserves.
It's just a quirk of fate that Tickerguy is an enemy of Bitcoin.He's completely devoted to the cult of the State, despite making it his life's work to expose how corrupt and evil it is.
He's got a strong background in programming, finance, and macro economics, so he knows exactly what Bitcoin represents. That's why he opposes it.
Karl Denninger does not want a world to exist in which governments no longer control the money.
That's twisted
Bitcoin certainly challenges rule makers, many things appear to be starting over from scratch with bitcoin. Maybe he's afraid that people can't control government and bitcoin is govcoin? Personally, I see past it because I can count 100 good things for every 1 bad thing and I can see government as the consensus of the local/county/state/country blockchains.- goodexcuses-one-satoshi
IF bitcoin hit 0 (absolute zero) then it's not a discrete data anymore, so we going to use an analogue scale ...
My miner hardware weight more than 1 kilo ...
My miner hardware weight more than 1 kilo ...
I thought it fascinating that one of Bitcoins biggest detractors makes an excellent point for 100% reserves.
It's just a quirk of fate that Tickerguy is an enemy of Bitcoin.He's completely devoted to the cult of the State, despite making it his life's work to expose how corrupt and evil it is.
He's got a strong background in programming, finance, and macro economics, so he knows exactly what Bitcoin represents. That's why he opposes it.
Karl Denninger does not want a world to exist in which governments no longer control the money.
Man... We've come a long way, have we?
I don't quite get why someone dug out especially this thread... I though this was a new thread when I read the headline because, well, the FUD actually never changes. Even if someone bought at $200, they's be at over 300% even now so, yeah... a Prof. Bitcorn quality prediction, I'd say...
I brought this thread out because of NY's BitLicense efforts. In the proposed legislation one of the fundamental regulations is one dollar of capital.
I thought it fascinating that one of Bitcoins biggest detractors makes an excellent point for 100% reserves.
Well O'leary made his money
Probally still making a killing when hes not on Shark Tank Dragons Den or yelling at people on CBC
This was after it hit a record high of 266 dollars (Deja Vu) (Dude made a killing in Edmonton for selling his house in Bitcoins too lol)
Sitting at 600 seems kind of calming when I think of it that way lol.
Probally still making a killing when hes not on Shark Tank Dragons Den or yelling at people on CBC
This was after it hit a record high of 266 dollars (Deja Vu) (Dude made a killing in Edmonton for selling his house in Bitcoins too lol)
Sitting at 600 seems kind of calming when I think of it that way lol.
Man... We've come a long way, have we?
I don't quite get why someone dug out especially this thread... I though this was a new thread when I read the headline because, well, the FUD actually never changes. Even if someone bought at $200, they's be at over 300% even now so, yeah... a Prof. Bitcorn quality prediction, I'd say...
Man... We've come a long way, have we?
Sure have, never forgetting
Man... We've come a long way, have we?
http://market-ticker.org/akcs-www?post=209282
One Dollar Of Capital - A Definition And Challenge
RE: NY "BitLicenses"
One Dollar Of Capital - A Definition And Challenge
Quote
Simply put, for every dollar of alleged GDP there must be one of dollar of credit or currency with which to buy the goods and services produced. If you increase the denominator, that is, the number of units of either credit or currency in the system then each unit must inevitably be worth less than it was before. Only when those units are exactly in balance with economic output is there zero inflation and protection of the currency's purchasing power.
RE: NY "BitLicenses"
Quote
http://www.forbes.com/sites/timworstall/2014/07/19/how-to-stop-bitcoin-banking-give-it-a-bitlicense-in-new-york/?utm_source=twitterfeed&utm_medium=twitter
There’s much to like about the initiative. I’m particularly taken by the way in which Ben Lawsky, of the NYDFS, took to the Reddit Bitcoin forum to ask the Redditors what they thought of the regulations proposed. That’s real engagement with the user base going on.
The aim is to develop “BitLicenses” which detail what a company may do with Bitcoin, what it must do, capital adequacy ratios and so on. All useful stuff during the development of part of the financial system. However, as the excellent Matt Levine points out there is a problem with part of the suggestions:
What this means is that if you’re in the business of bitcoinery — “receiving Virtual Currency for transmission or transmitting the same; securing, storing, holding, or maintaining custody or control of Virtual Currency on behalf of others; buying and selling Virtual Currency as a customer business; performing retail conversion service … or controlling, administering, or issuing a Virtual Currency” — and you owe bitcoins to customers, then you need to have 100 percent of those bitcoins sitting in your bitcoin vault. And you can’t borrow against them. And you need to have some extra cash in dollars, just in case (in case what?). And you need to have however much capital Ben Lawsky decides you should have.
There’s much to like about the initiative. I’m particularly taken by the way in which Ben Lawsky, of the NYDFS, took to the Reddit Bitcoin forum to ask the Redditors what they thought of the regulations proposed. That’s real engagement with the user base going on.
The aim is to develop “BitLicenses” which detail what a company may do with Bitcoin, what it must do, capital adequacy ratios and so on. All useful stuff during the development of part of the financial system. However, as the excellent Matt Levine points out there is a problem with part of the suggestions:
What this means is that if you’re in the business of bitcoinery — “receiving Virtual Currency for transmission or transmitting the same; securing, storing, holding, or maintaining custody or control of Virtual Currency on behalf of others; buying and selling Virtual Currency as a customer business; performing retail conversion service … or controlling, administering, or issuing a Virtual Currency” — and you owe bitcoins to customers, then you need to have 100 percent of those bitcoins sitting in your bitcoin vault. And you can’t borrow against them. And you need to have some extra cash in dollars, just in case (in case what?). And you need to have however much capital Ben Lawsky decides you should have.
So, price is back at 20 days ago->omg bitcoin going to zero for this "karl denninger" ? (i don't even know him) 
Yeah sure
Anyway call me when price reach 0, so i'll buy some millions of bitcoin
Yeah sureAnyway call me when price reach 0, so i'll buy some millions of bitcoin
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