Topic: Bitcoin is Dead - page 5. (Read 7684 times)
Are you just spamming?
decentralization is not the utilitarian value of Bitcoin, it's a side-effect of its utility, though. No, the utilitarian value of Bitcoin is in everyone having enough to support a market for goods and services (we'll ignore legality of any particular good or service for the moment, but that is important as well). Their value is in if there are people willing to take them for goods and services. If neither condition exists, it doesn't matter if they are decentralized or not, they completely lose their utility and hence, their value.
even though i live on this side of the pond i implement my own business based on common sense i.e. common law, i think the idea of developing bitcoin based on common law fundamentals is what's up NYC;)
http://www.youtube.com/watch?v=3-oySaDJHoI
^^^^^^^^^^^^^^^^^^Edan Yago discusses The World's First Cryptocurrency-based Political Zone
@ Bitcoin 2013 Conference in San Jose, CA, May 19, 2013, hosted by the Bitcoin Foundation.
decentralization is not the utilitarian value of Bitcoin, it's a side-effect of its utility, though. No, the utilitarian value of Bitcoin is in everyone having enough to support a market for goods and services (we'll ignore legality of any particular good or service for the moment, but that is important as well). Their value is in if there are people willing to take them for goods and services. If neither condition exists, it doesn't matter if they are decentralized or not, they completely lose their utility and hence, their value.
http://dealbook.nytimes.com/2013/07/02/bringing-bitcoin-to-the-mainstream/?_r=0
http://money.cnn.com/2013/07/02/investing/winklevoss-bitcoin-etf/
http://rt.com/business/winklevoss-twins-bitcoin-ipo-520/
etc....
Gotta do your research
http://money.cnn.com/2013/07/02/investing/winklevoss-bitcoin-etf/
http://rt.com/business/winklevoss-twins-bitcoin-ipo-520/
etc....
Gotta do your research
Ultimately means nothing.
If the OPs post comes to fruition, as without the utilitarian value of Bitcoin (decentralization) they become worthless.
Ansett (as a quick example) were still a profitable stock before their bankruptcy (as all other stocks are prior to this event) provided you sold out before the bankruptcy (holding stocks afterwards is obviously unprofitable or in other words being left with "holding the bag").
Without the core value of decentralization behind Bitcoin, they become worthless so those holding onto stocks in Bitcoin will be holding a different colored bag than the rest of us holding onto the virtual one (wallet files) as that occurs.
Well honestly, would you rather :
Better a free pauper than a rich servant. YMMV.
But, where I live, I take the money and live freely, not being a servant to anyone... so, your statement dosent make much sense...
US or not, we are all slaves to the Global Reserve Currency (for those playing at home, the USD).
The utility (term mentioned earlier) part of that equation involves a mix between oil (another term coined for the USD is the Petrodollar, though don't tell the Yanks about Iranian Oil and Turkish Gold ...oh wait Syria
) and a large number of US Bases scattered across the globe with the occasional enforcement actions under the guise of the "war on terror" [Libyan Central Bank opened mere hours after the death of Qaddafi, he had some interesting plans for a gold backed currency that caused the US TL/DR - Without Bullion (Gold, silver and other precious metals) and the online equivalent in Bitcoin (and derivatives for online trade) we are ultimately servants (no matter how flush in fiat you happen to be, it'll be whitled down by the taxman or inflation).
Super short summary: BTC >> USD (and other currencies thereof).
listen up, can you repeat after me: cryptocurrency coins gold rush NYC;)
I've been saying the same thing since I learned about Bitcoins, there are many similarities between the rise from CPU -> GPU -> ASIC mining and traditional mining for Gold.
Rushes start in the same fashion, the initial discovery period and people grabbing whats at hand (CPU), the more experienced prospectors following deep leads and basic Geography (GPU, though today it's more along the lines of "Panning for Gold" as someone else called it) before finally major companies and syndicates perform specialized mining and extraction for tiny amounts per ton of ore (parts per million) that previous miners would have no means of ever achieving themselves (ASICs).
In each step, there was always something new and better than the previous so profits were made by enterprising individuals by not only occasionally using the products being sold (ASIC miners using their machines in brief periods/spurts of time) but by selling products to miners (AMD selling new GPUs, though not specifically to crypto miners, and ASICs selling faster mining tools). Profitability in BTC is there still (well until mining is centralized and the price of a BTC plummets in kind), just that it has shifted from active miners to mining product manufacturing and sales.
With apologies for detracting away from the issue on ASICs, mining and ultimately centralization of BTC being formed.
Alright. Time to delete all my posts in this thread. It should have died days ago, but now it is getting ridiculous, and I'm tired of getting notified every time someone posts something.
Or you could just unwatch the topic.
Edan Yago - The World's First Cryptocurrency-based Political Zone - Bitcoin 2013
http://www.youtube.com/watch?v=3-oySaDJHoI
watch this!^^^Edan Yago has got it right^^^NYC;)
I watched it all and have you noticed that he can't even tell us the country it will reside in? I WONDER WHY THAT IS?
For fuck sakes guys KNOW THEY ENEMY!!
This is right in our faces and it is the very reason why bitcoin is alive today but for goodness sake wake the fuck up! Understand why bitcoin is being destroyed. It is being attacked by many forces and the miners are the back bone! Just face it and understand it.
I agree that bitcoin will have to move away from P2P. Although I disagree with the OP's reasons for it - because of ASIC... I think it will be because of the blockchain size.
Anyway.
The point about bitcoin is anyone can set up a miner, anywhere (providing they can afford it). What I mean is, they can be totally 100% anonymous and do not require any government control or authorization. This is different to the existing banking system. Also, as long as the network doesnt depend on 1 miner, it's all cool.
What this means is that the network can & will always be supported by 1 or more parties, even if governments turn hostile to it. It's like tor...
So, I do not support OPs claims bitcoin is dead. Infact, I think its more alive than ever..
Anyway.
The point about bitcoin is anyone can set up a miner, anywhere (providing they can afford it). What I mean is, they can be totally 100% anonymous and do not require any government control or authorization. This is different to the existing banking system. Also, as long as the network doesnt depend on 1 miner, it's all cool.
What this means is that the network can & will always be supported by 1 or more parties, even if governments turn hostile to it. It's like tor...
So, I do not support OPs claims bitcoin is dead. Infact, I think its more alive than ever..
You want adoption by the criminal elements? Then you expect it to go on an exchange? You are living in a dream world NEO!
You are right I should stick with fiat money, like dollars, which can't be used for criminal activities. LOL
lol That was funny! I use fiat to pay taxes how about you?
speaking of criminal activities...
but you trolls are wandering farther and farther off topic and the original topic has been discussed and debated ad nauseum already on these forums so I'm done here.
And if Bitcoin is dead to you and you like your fiat so much what are you trolling around on these forums for?
I see you're upset right now I'll let you calm down so you can think about the shit you just posted there.
You want adoption by the criminal elements? Then you expect it to go on an exchange? You are living in a dream world NEO!
You are right I should stick with fiat money, like dollars, which can't be used for criminal activities. LOL
lol That was funny! I use fiat to pay taxes how about you?
speaking of criminal activities...
but you trolls are wandering farther and farther off topic and the original topic has been discussed and debated ad nauseum already on these forums so I'm done here.
And if Bitcoin is dead to you and you like your fiat so much what are you trolling around on these forums for?
You want adoption by the criminal elements? Then you expect it to go on an exchange? You are living in a dream world NEO!
You are right I should stick with fiat money, like dollars, which can't be used for criminal activities. LOL
lol That was funny! I use fiat to pay taxes how about you?
Quote
I'm really concerned about this 75-76 USD/BTC price, I've bought 11@118
You're an idiot, just like everyone else. You are INVESTING in BitCoin just like everyone else. BitCoin was made FOR TRADE and none of that is going on, which is why it is dieing. BitCoin is USELESS.
SELL! SELL! SELL!
I'm really concerned about this 75-76 USD/BTC price, I've bought 11@118, and invested it in ASICMINER shares, now I've lost ~200USD as BTC price went down.
You want adoption by the criminal elements? Then you expect it to go on an exchange? You are living in a dream world NEO!
You are right I should stick with fiat money, like dollars, which can't be used for criminal activities. LOL
If you stuck to fiat during the last month, you'd be 50% richer
" How about people who want to send money to anyone they want without some middle man getting in the way and charging a high fee,
or arbitrarily freezing their funds because they don't approve of the transaction... how about merchants who also don't want middle men
charging them high fees as well as not having to worry about chargebacks... How about migrant workers who want to send money back
to their families... We will probably see greater adoption in the third world than anywhere else because of its advantages over existing systems.
Bitcoin is a lot more than some commodity to be traded like gold. It is people who only see it as that who are missing the whole idea behind Bitcoin.
Bitcoin is a revolutionary global peer-to-peer decentralized payment system with very low fees. And it works just as well at $1 per BTC as at $1000 per BTC. "
i agree especially illegal drug traffickers NYC;)
or arbitrarily freezing their funds because they don't approve of the transaction... how about merchants who also don't want middle men
charging them high fees as well as not having to worry about chargebacks... How about migrant workers who want to send money back
to their families... We will probably see greater adoption in the third world than anywhere else because of its advantages over existing systems.
Bitcoin is a lot more than some commodity to be traded like gold. It is people who only see it as that who are missing the whole idea behind Bitcoin.
Bitcoin is a revolutionary global peer-to-peer decentralized payment system with very low fees. And it works just as well at $1 per BTC as at $1000 per BTC. "
i agree especially illegal drug traffickers NYC;)
Yes, and don't underestimate the size, scope and influence of the black market... or what they call "System D" these days.
It accounts for "trillions of dollars in commerce and employs fully half the world’s workers."
This is both misleading and ridiculous. Ridiculous because you're quoting a guestimate by an author promoting his book -- an unsubstantiated soundbite quote. Misleading because he intends it to mean "everyone working off the books, like street vendors, day laborers -- in other words, everyone who doesn't pay taxes. The guy who sells you hot dogs or fixes your plumbing is not some shady underworld racketeer -- he sure doesn't think of himself as a criminal & isn't interested in money he can't put in his pocket or spread at the corner store.
Quote
Whatever business consenting adults want to carry out among themselves, as long as they are not hurting anyone else ( like governments do all the time ),
is fine with me.
Just because some State creates a law for its own benefit doesn't mean that law is right and moral.
is fine with me.
Just because some State creates a law for its own benefit doesn't mean that law is right and moral.
Who are you arguing with? No one but you brought this up.
Quote
But Bitcoin is certainly being embraced by more than just that segment of the global economy. And even if exchanges and other BTC services get regulated
that will not keep one from using it as a digital p2p currency apart from those things... just like one can use cash - which is still the preferred currency among
drug dealers etc.
When you can walk down to the the corner in Hicksville USA, whip out some bitcoinz and score a bundle from Pedro, shoot me a PM. Don't think SR = real drug trade. Think "boutique brand."
It is too hard. Bitcoin never be a dead coin. Yes, price may be down but it will be live for long time.
You want adoption by the criminal elements? Then you expect it to go on an exchange? You are living in a dream world NEO!
You are right I should stick with fiat money, like dollars, which can't be used for criminal activities. LOL
" How about people who want to send money to anyone they want without some middle man getting in the way and charging a high fee,
or arbitrarily freezing their funds because they don't approve of the transaction... how about merchants who also don't want middle men
charging them high fees as well as not having to worry about chargebacks... How about migrant workers who want to send money back
to their families... We will probably see greater adoption in the third world than anywhere else because of its advantages over existing systems.
Bitcoin is a lot more than some commodity to be traded like gold. It is people who only see it as that who are missing the whole idea behind Bitcoin.
Bitcoin is a revolutionary global peer-to-peer decentralized payment system with very low fees. And it works just as well at $1 per BTC as at $1000 per BTC. "
i agree especially illegal drug traffickers NYC;)
or arbitrarily freezing their funds because they don't approve of the transaction... how about merchants who also don't want middle men
charging them high fees as well as not having to worry about chargebacks... How about migrant workers who want to send money back
to their families... We will probably see greater adoption in the third world than anywhere else because of its advantages over existing systems.
Bitcoin is a lot more than some commodity to be traded like gold. It is people who only see it as that who are missing the whole idea behind Bitcoin.
Bitcoin is a revolutionary global peer-to-peer decentralized payment system with very low fees. And it works just as well at $1 per BTC as at $1000 per BTC. "
i agree especially illegal drug traffickers NYC;)
Yes, and don't underestimate the size, scope and influence of the black market... or what they call "System D" these days.
It accounts for "trillions of dollars in commerce and employs fully half the world’s workers."
Whatever business consenting adults want to carry out among themselves, as long as they are not hurting anyone else ( like governments do all the time ),
is fine with me.
Just because some State creates a law for its own benefit doesn't mean that law is right and moral.
But Bitcoin is certainly being embraced by more than just that segment of the global economy. And even if exchanges and other BTC services get regulated
that will not keep one from using it as a digital p2p currency apart from those things... just like one can use cash - which is still the preferred currency among
drug dealers etc.
You want adoption by the criminal elements? Then you expect it to go on an exchange? You are living in a dream world NEO!
If Gaddafi can't do it then who else can?
" How about people who want to send money to anyone they want without some middle man getting in the way and charging a high fee,
or arbitrarily freezing their funds because they don't approve of the transaction... how about merchants who also don't want middle men
charging them high fees as well as not having to worry about chargebacks... How about migrant workers who want to send money back
to their families... We will probably see greater adoption in the third world than anywhere else because of its advantages over existing systems.
Bitcoin is a lot more than some commodity to be traded like gold. It is people who only see it as that who are missing the whole idea behind Bitcoin.
Bitcoin is a revolutionary global peer-to-peer decentralized payment system with very low fees. And it works just as well at $1 per BTC as at $1000 per BTC. "
i agree especially illegal drug traffickers NYC;)
or arbitrarily freezing their funds because they don't approve of the transaction... how about merchants who also don't want middle men
charging them high fees as well as not having to worry about chargebacks... How about migrant workers who want to send money back
to their families... We will probably see greater adoption in the third world than anywhere else because of its advantages over existing systems.
Bitcoin is a lot more than some commodity to be traded like gold. It is people who only see it as that who are missing the whole idea behind Bitcoin.
Bitcoin is a revolutionary global peer-to-peer decentralized payment system with very low fees. And it works just as well at $1 per BTC as at $1000 per BTC. "
i agree especially illegal drug traffickers NYC;)
Yes, and don't underestimate the size, scope and influence of the black market... or what they call "System D" these days.
It accounts for "trillions of dollars in commerce and employs fully half the world’s workers."
Whatever business consenting adults want to carry out among themselves, as long as they are not hurting anyone else ( like governments do all the time ),
is fine with me.
Just because some State creates a law for its own benefit doesn't mean that law is right and moral.
But Bitcoin is certainly being embraced by more than just that segment of the global economy. And even if exchanges and other BTC services get regulated
that will not keep one from using it as a digital p2p currency apart from those things... just like one can use cash - which is still the preferred currency among
drug dealers etc.
" How about people who want to send money to anyone they want without some middle man getting in the way and charging a high fee,
or arbitrarily freezing their funds because they don't approve of the transaction... how about merchants who also don't want middle men
charging them high fees as well as not having to worry about chargebacks... How about migrant workers who want to send money back
to their families... We will probably see greater adoption in the third world than anywhere else because of its advantages over existing systems.
Bitcoin is a lot more than some commodity to be traded like gold. It is people who only see it as that who are missing the whole idea behind Bitcoin.
Bitcoin is a revolutionary global peer-to-peer decentralized payment system with very low fees. And it works just as well at $1 per BTC as at $1000 per BTC. "
i agree especially illegal drug traffickers NYC;)
or arbitrarily freezing their funds because they don't approve of the transaction... how about merchants who also don't want middle men
charging them high fees as well as not having to worry about chargebacks... How about migrant workers who want to send money back
to their families... We will probably see greater adoption in the third world than anywhere else because of its advantages over existing systems.
Bitcoin is a lot more than some commodity to be traded like gold. It is people who only see it as that who are missing the whole idea behind Bitcoin.
Bitcoin is a revolutionary global peer-to-peer decentralized payment system with very low fees. And it works just as well at $1 per BTC as at $1000 per BTC. "
i agree especially illegal drug traffickers NYC;)
[...]
I agree about mining however you are missing the whole Idea of bitcoin as being adopted by the people. Who are these people?
I agree about mining however you are missing the whole Idea of bitcoin as being adopted by the people. Who are these people?
How about people who want to send money to anyone they want without some middle man getting in the way and charging a high fee,
or arbitrarily freezing their funds because they don't approve of the transaction... how about merchants who also don't want middle men
charging them high fees as well as not having to worry about chargebacks... How about migrant workers who want to send money back
to their families... We will probably see greater adoption in the third world than anywhere else because of its advantages over existing systems.
I'm not speaking for MooC Tals, but the adopters you've listed just don't seem to be ... adopting.
Have you been paying attention to the news out of Africa in regards to Bitcoin? Have you noticed what is happening in Argentina?
And it is still very early days... hardly anyone knows anything about Bitcoin yet.
Quote
If the existent user base begins to erode (GPU miners shifting to altcoins, etc.), it's hard to see that as good news for Bitcoin as a whole.
I see no signs of this erosion you speculate about... but I see thousands of Asics being sold to very many people, not just big organizations.
I see, and hear about, many developers etc. working on many projects; building the necessary infrastructure to support a wider adoption.
And if Bitcoin doesn't make it none of those scam clone coins will go anywhere either... and how many people are interested in those
shit coins other than get-rich-quick speculators? How many real developers take any of them seriously?
Jump to: