"I know there are a million considerations and tons of holes in the above statements, don't be a dick and say it can never work. It is just a concept."
If you can't take any criticism of it why even mention it then ?
Proposal sounds a bit like communism where everyone is equal. Sounds great until you discover that some are more equal than others.
Topic: Bitcoins vast overvaluation (Read 4917 times)
I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
[...]
It will not work, since you never can tell if those one hundred new addresses are belong to the same old person, if you can, then there will be no privacy at all, no one will use it
"I know there are a million considerations and tons of holes in the above statements, dont be a dick and say it can never work. It is just a concept."
It's kinda hilarious that you have a half baked idea and to deflect criticism you tell us that if we point out the " holes" we are being "dicks". Then you go on to say "that doesn't mean it can't work" after saying bitcoin, with its groundbreaking track record, isn't going to work.. How ridiculous is this?
Such a fucking troll.. beat it fagot.
"I know there are a million considerations and tons of holes in the above statements, don't be a dick and say it can never work. It is just a concept."
Can you read? I never said that bitcoin wasn't gonna work. I said something else could work better.
Dont you have something better to do than be a little cock sucker. Hit the fucking ignore button troll! I am
Quit crying, jezz.
I'm not trolling you. I'm just pointing out how obnoxious you are being. You're right, you didn't say bitcoin would die. You said bitstamp and coinbase would die. And again, you fail to recognize that the reason there is a month long verification process with coinbase is because they are being extra extra careful so that when the government does regulate that they will be in very good standing.
But until the government regulates bitcoin, bitcoin isn't going to become mainstream, it's too risky.
And all this takes time. So just quit whining about how it doesn't work so great right now. Trade your coins and be happy.
I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
[...]
It will not work, since you never can tell if those one hundred new addresses are belong to the same old person, if you can, then there will be no privacy at all, no one will use it
"I know there are a million considerations and tons of holes in the above statements, dont be a dick and say it can never work. It is just a concept."
It's kinda hilarious that you have a half baked idea and to deflect criticism you tell us that if we point out the " holes" we are being "dicks". Then you go on to say "that doesn't mean it can't work" after saying bitcoin, with its groundbreaking track record, isn't going to work.. How ridiculous is this?
Such a fucking troll.. beat it fagot.
"I know there are a million considerations and tons of holes in the above statements, don't be a dick and say it can never work. It is just a concept."
Can you read? I never said that bitcoin wasn't gonna work. I said something else could work better.
Dont you have something better to do than be a little cock sucker. Hit the fucking ignore button troll! I am
I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
[...]
It will not work, since you never can tell if those one hundred new addresses are belong to the same old person, if you can, then there will be no privacy at all, no one will use it
"I know there are a million considerations and tons of holes in the above statements, dont be a dick and say it can never work. It is just a concept."
It's kinda hilarious that you have a half baked idea and to deflect criticism you tell us that if we point out the " holes" we are being "dicks". Then you go on to say "that doesn't mean it can't work" after saying bitcoin, with its groundbreaking track record, isn't going to work.. How ridiculous is this?
Wasn't Falkvinge the same jerk that silently bought $200k USD worth of BTC via person-to-person sale with magical tux as a middle man in April 2011, pumped Bitcoin on his blog in May 2011, and then subsequently dumped it en masse to those he pumped it to in June 2011? Why would anyone respect his opinion anymore aside from the fact that the original post where he tried to buy the Bitcoin is likely buried/hidden/deleted on here?
I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
Bitcoin is like this.[...]
No that is how it should be not how it is. The truth is that there is a base market for bitcoin which it the drug market that has to have coins to operate. So there is some real demand there but the bigger market is speculators who know that if they share their coins and put more of them in the market place then the value of their holdings will drop. So there is an powerful incentive for them to create artificial scarcity pushing the prices higher. They know they have to trickle coin on to the market or the price will crash.
I'm sorry, but this is absolutely not reality. Yes, speculation is driving most of the price, but millions are being invested into getting more of the public and more of the business world online and off, utilizing bitcoin. Again, you are just screaming at an infant about why it can't cook you dinner.
I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
[...]
It will not work, since you never can tell if those one hundred new addresses are belong to the same old person, if you can, then there will be no privacy at all, no one will use it
"I know there are a million considerations and tons of holes in the above statements, don't be a dick and say it can never work. It is just a concept."
There is personality too. Even if you distribute the world evenly to every person, after a while some of them will lose everything and some others will become super rich. No one can prevent this from happening
I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
[...]
It will not work, since you never can tell if those one hundred new addresses are belong to the same old person, if you can, then there will be no privacy at all, no one will use it
"I know there are a million considerations and tons of holes in the above statements, dont be a dick and say it can never work. It is just a concept."
I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
[...]
It will not work, since you never can tell if those one hundred new addresses are belong to the same old person, if you can, then there will be no privacy at all, no one will use it
I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
Bitcoin is like this.[...]
No that is how it should be not how it is. The truth is that there is a base market for bitcoin which it the drug market that has to have coins to operate. So there is some real demand there but the bigger market is speculators who know that if they share their coins and put more of them in the market place then the value of their holdings will drop. So there is an powerful incentive for them to create artificial scarcity pushing the prices higher. They know they have to trickle coin on to the market or the price will crash.
I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
Bitcoin is like this.[...]
I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding.
...
If only controlling market forces were that easy. ...
If you have something is thought to appreciate it will be hoarded, it is the most logical thing to do. If you increase the value of that item each time it is traded to avoid hoarding then you will have to inject more money into the system. But who's money? I like Satoshi's system. It works on the simplest market model of supply and demand. Free markets are brutal, volatile, and fair. Trying to social engineer kindness into the system seems unachievable without centralization. That always ends in gaming the system. For example, fiat currency.
I like your response here it is at least thoughtful, People dont hoard dollars, because they are not money but currency. Bitcoin is worthless as money it is excellent as currency. Gold is money Oil could be money, BItcoin not so much.
I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding.
...
If only controlling market forces were that easy. ...
If you have something is thought to appreciate it will be hoarded, it is the most logical thing to do. If you increase the value of that item each time it is traded to avoid hoarding then you will have to inject more money into the system. But who's money? I like Satoshi's system. It works on the simplest market model of supply and demand. Free markets are brutal, volatile, and fair. Trying to social engineer kindness into the system seems unachievable without centralization. That always ends in gaming the system. For example, fiat currency.
I see 4,000 24hr volume on Gox... Didn't we peak over 500,000 daily volume in April?
lol.
lol.
MtGox is dead, face it. The ones stuck there will have to find a way out, and we all know there is only one way to do that right now.
It's not dead until a) the spread reaches 50% or b) price movements stop generating volume.
What difference does it make if MtGox is the 3rd biggest exchange or the 1st? I mean, its only been the center of complaints for months now.
I feel much safer dealing with Bitstamp or Coinbase anyway.
If it wasn't for all the early miners and investors using MtGox for so long, the topic wouldn't even be a point of conversation on this forum. Unfortunately, it sorta dominates this part of the forum.
Yeah, there's a chance I'd prefer the world of carebear coin than the bitcoin one. What would sway me one way or the other would be whether hoarding leads to more aggressive egotistical oppression where the hoarder bosses everyone else about or if hoarding helps people lead acceptable lives, the jury's out on that matter.
Saving is not hoarding.Savings is delaying gratification today so you can afford something else tomorrow.
Kind of like the kid who puts coins in his piggy bank so he can afford a yoyo instead of buying jaw breakers.
People in the fed though, want to reward the kids who get jaw breakers or get in debt to get a yoyo.
I see 4,000 24hr volume on Gox... Didn't we peak over 500,000 daily volume in April?
lol.
lol.
MtGox is dead, face it. The ones stuck there will have to find a way out, and we all know there is only one way to do that right now.
It's not dead until a) the spread reaches 50% or b) price movements stop generating volume.
This is the same Falkvinge that said he was putting all his savings into Bitcoin, when he first heard about it in 2011, and recommended that others do that as well. Then after the gox 2011 crash, later in the year he admitted that he sold off all his btc.
Around the same time he wrote a series of articles about how Bitcoin would revolutionize the international trade payments...
After all that, it's safe to say that he is just another blow-hard politician, who doesn't really know what will happen, and what bitcoins' real value is any better than we do.
So then, the current valuation is the real one.
Around the same time he wrote a series of articles about how Bitcoin would revolutionize the international trade payments...
After all that, it's safe to say that he is just another blow-hard politician, who doesn't really know what will happen, and what bitcoins' real value is any better than we do.
So then, the current valuation is the real one.
I see 4,000 24hr volume on Gox... Didn't we peak over 500,000 daily volume in April?
lol.
lol.
MtGox is dead, face it. The ones stuck there will have to find a way out, and we all know there is only one way to do that right now.
I see 4,000 24hr volume on Gox... Didn't we peak over 500,000 daily volume in April?
lol.
lol.
BTC-e will have more coin than Gox at this rate. Shit doesn't look good for Gox or the price.
exchange volume % volume ฿ last price
bitstamp 42.10% 7001.11 123.69 USD
mtgox 24.66% 4101.21 133.77 USD
btce 21.32% 3546.04 121.63 USD
I see 4,000 24hr volume on Gox... Didn't we peak over 500,000 daily volume in April?
lol.
lol.
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