Topic: buttcoin.org (Read 9336 times)
Just celebrated Buttcoin's 1 year anniversary. Thanks guys!
Ha!
My database shows that these guys where using my BTC Economy plugin for a few minutes. They must have removed the plugin because it is no longer there. I guess the plugin was showing that the bitcoin economy is legitimate.
- Jared
My database shows that these guys where using my BTC Economy plugin for a few minutes. They must have removed the plugin because it is no longer there. I guess the plugin was showing that the bitcoin economy is legitimate.
- Jared
Your plugin was terrible and I couldn't resize the box you meathead
Ha!
My database shows that these guys where using my BTC Economy plugin for a few minutes. They must have removed the plugin because it is no longer there. I guess the plugin was showing that the bitcoin economy is legitimate.
- Jared
My database shows that these guys where using my BTC Economy plugin for a few minutes. They must have removed the plugin because it is no longer there. I guess the plugin was showing that the bitcoin economy is legitimate.
- Jared
Your bitcoin is nothing more than a useless string of numbers that your video card farted out. I have a sock drawer filled with Coke Rewards Points that at least will get me a free Coke Zero.
My bitcoin will get me dollars, a lot more dollars than I paid for them (at the moment). Maybe others are not so lucky. They should probably just wait, like I did.
I would see your point if you think the string of numbers in your paypal/dwolla account, or the string of numbers of on your bank statement are equally useless. I guess for some people it takes a leap of logic to understand that there are some strings of numbers which can get a person a lot of Coke Zeros.
Quote from: sigs
I agree with you on the Bitcoin thing, but your inability to read between the lines on an elementary (school) level just makes me sad. You could try showing your writing to someone else before posting, just to catch this sort of things. Try this in your pipe: “Oil crashed” in 2008, in 1980, in 1920, etc., whatever. “Oil” itself never crashed for good, that’s what “Bubble come, bubble go” means; we’re still using oil.
...
Of course, this a totally different parallel universe from the one where Bitcoin lives; it’s completely useless to begin with, and equipped with a system that can be judged as unusable by a five-year-old.
...
Of course, this a totally different parallel universe from the one where Bitcoin lives; it’s completely useless to begin with, and equipped with a system that can be judged as unusable by a five-year-old.
What a multi-polar world. Bitcoin proponents are greedy geeks peddling a crypto-scam. Bitcoin buyers are foolish speculators with less sense than five-year-olds. And bitcoin detractors can't read on an elementary level.
Which brings me back to bubbles. Bubbles burst when they run out of foolish buyers. So by the bubble analysis, the bitcoin bubble has less to do with the supply and demand of bitcoin and more to do with the supply and demand of fools. When the supply of fools exceeds the demand, the price of BTC goes up. But when there's no more fools to sell to (demand for fools exceeds the supply), BTC crashes.
Therefore, anyone predicting an imminent crash of the bitcoin bubble believes the world will soon run out of fools. But the only thing on which everyone can agree, is that they are all fools.
What a paradox.
He wasn't trying to prove that oil didn't crash. The point is that ***NEWSFLASH*** volatile markets are volatile! There is a big difference between a bubble and thin-market volatility. People who have little understanding of markets and even less understanding of monetary systems will call bitcoin a "bubble" or a "Ponzi" or any number of mediocre pejoratives they can think of just so they can remain comfortable in their own little worldview free from tyrannical governments and disruptive technologies.
Listen, I don't know shit about markets. I don't own stock. But Oil had a boom and bust, Gold had a boom and bust, even Beanie Babies had a boom and bust. People lost money in all those instances when the bubbles in the respective industries burst (and looking at the breakneck price increase I don't know how you can call it anything but a bubble) and that's what I'm getting at. Bitcoin's current value is it's popularity, nothing more. The reason the price jumped up so quickly is because people went "bitcoins? what the" and jumped in. Also, "tyrannical governments and disruptive technologies", I'm sorry but a useless hash isn't going to topple the government anytime soon.
Quote
And when their arguments grow desperate as reality sets in they will defend their delicate egos by resorting to childish name-calling.
That's my writing style, I find it funny and your shit doesn't stink.
Quote
The rest of us meanwhile will take advantage of pullbacks when they come, sell when the price gets ahead of itself, and be thankful we can see the value in bitcoins that so many overlook.
Your bitcoin is nothing more than a useless string of numbers that your video card farted out. I have a sock drawer filled with Coke Rewards Points that at least will get me a free Coke Zero.
Quote
His point about telling me that oil didn’t crash and then showing a graph where oil crashed is just ripe to be explored further, but unfortunately the bitcoin site has limited discussion of anything bitcoin related to the “old miners” now. Newbies are no longer welcome in the world of buttcoin.
EDIT: I just noticed he’s trying to prove oil didin’t crash in the 80′s by showing me a graph of oil dropping in 2008. What a useless bag of hot air. How about a new graph you sack of sh**.
EDIT: I just noticed he’s trying to prove oil didin’t crash in the 80′s by showing me a graph of oil dropping in 2008. What a useless bag of hot air. How about a new graph you sack of sh**.
He wasn't trying to prove that oil didn't crash. The point is that ***NEWSFLASH*** volatile markets are volatile! There is a big difference between a bubble and thin-market volatility. People who have little understanding of markets and even less understanding of monetary systems will call bitcoin a "bubble" or a "Ponzi" or any number of mediocre pejoratives they can think of just so they can remain comfortable in their own little worldview free from tyrannical governments and disruptive technologies. And when their arguments grow desperate as reality sets in they will defend their delicate egos by resorting to childish name-calling.
The rest of us meanwhile will take advantage of pullbacks when they come, sell when the price gets ahead of itself, and be thankful we can see the value in bitcoins that so many overlook.
Dear buttcoin.org,
Nice effort. It is a funny drama, I have to admit.
And thanks for bursting the bubble. A lot more could've gotten hurt (or rich).
Now permit me to add something about bubbles?
Quoting you: "Oil hasn’t crashed (it did, also in the 80′s)?"
And in 2008.
Bubble come, bubble go. and Bubble come.
This is not the last you've seen of the Bitcoin Bubble. Lucky you, you'll probably get the chance to do another "told you so" dance in the near future, when BTC falls from $100 to $30.
Of course, I could be wrong. But the market will be right. At the least, we can agree on that.
Nice effort. It is a funny drama, I have to admit.
And thanks for bursting the bubble. A lot more could've gotten hurt (or rich).
Now permit me to add something about bubbles?
Quoting you: "Oil hasn’t crashed (it did, also in the 80′s)?"
And in 2008.
Bubble come, bubble go. and Bubble come.
This is not the last you've seen of the Bitcoin Bubble. Lucky you, you'll probably get the chance to do another "told you so" dance in the near future, when BTC falls from $100 to $30.
Of course, I could be wrong. But the market will be right. At the least, we can agree on that.
Can someone explain to me what "institutional investors" are? 
Also, I the site's awesome.
Also, I the site's awesome.
Any non-individual making purchases. Basically investment groups, financial management sites, hedge funds, corporations, etc. Lots of $$$.
Also, buttcoin.com's awesome.
Why can't this site stay on-line? I rely on it to give me the obese aspie perspective on bitcoin.
edit: and it's back from 404
edit: and it's back from 404
I assume that bitcoin will grow until the world is using it, how can it crash if it's the only currency?
How would we know if it crashed if it's the only currency, indeed... I appreciate good satire, but this site really doesn't run as far as it could with the concept. Comedy is hard, I guess.
He also fails to mention the cycle of new ideas/products that end up as world-changing events. They are first told it is impossible, then they are mocked and ridiculed, and finally given reluctant credit as the obvious implications unfold. Short-sighted people always find it easier to deconstruct something than do their own research into the plausible applications of something new.
As others have said, bitcoin as a first attempt may not succeed - but the fundamental idea of a crypto-currency will. I have a hunch it will be the right combination the first time, with successive refinements to the core idea as time goes on.
He also fails to mention the cycle of new ideas/products that end up as world-changing events. They are first told it is impossible, then they are mocked and ridiculed, and finally given reluctant credit as the obvious implications unfold. Short-sighted people always find it easier to deconstruct something than do their own research into the plausible applications of something new.
As others have said, bitcoin as a first attempt may not succeed - but the fundamental idea of a crypto-currency will. I have a hunch it will be the right combination the first time, with successive refinements to the core idea as time goes on.
actually its you who doesnt get the concept of a bubble. You are spouting the classic 'this time its different' line. Everything you said can be perfectly true and still lead to a bubble, actually most bubbles are founded in very real and accurate logic.. 'tech is the future', 'god aint makin' anymore land' etc the problem is when price action accumulates years of "new paradigm" in a matter of a few weeks/months, and the collapse is not necessarily caused by the failure of a technology to live up to the promise, its true cause is PANIC, people simply can not watch millions of dollars go to 0 without selling, and no matter how intelligent a crowd is if a fire starts, they will trample each other to death.
This IS a bubble, and there will be a huge crash, but that DOES NOT mean that bitcoins are a failure, it will just take longer for it to happen. I mean tech didnt go away.. eventually amazon.com did live up to the promise of 2001. IT just didnt do it in in 3 weeks while the public was panic buying to get rich.
O
I assume that bitcoin will grow until the world is using it, how can it crash if it's the only currency?
Well, at least BTC is not some "MMM" option (Russian forum users know what i am mean - it is a first massive ponzy sheme in post soviet Russia). First - number of options limited (nobody can print them in haste). Second - no promises of guaranteed profit. Any reasonable person, will told you that BTC is interesting, but you should not, place any money in it, that you can not afford to loose. Not because its a ponzy scheme or something, but because nobody knows all weak side`s of BTC`s.
That is like first rocket launch, - every body full of hope, but nobody can guarantee anything.
In a strange way Bitcoins, in my twisted mind, was always associated with this old song -
http://www.youtube.com/watch?v=3mbBbFH9fAg
That is like first rocket launch, - every body full of hope, but nobody can guarantee anything.
In a strange way Bitcoins, in my twisted mind, was always associated with this old song -
http://www.youtube.com/watch?v=3mbBbFH9fAg
actually its you who doesnt get the concept of a bubble. You are spouting the classic 'this time its different' line. Everything you said can be perfectly true and still lead to a bubble, actually most bubbles are founded in very real and accurate logic.. 'tech is the future', 'god aint makin' anymore land' etc the problem is when price action accumulates years of "new paradigm" in a matter of a few weeks/months, and the collapse is not necessarily caused by the failure of a technology to live up to the promise, its true cause is PANIC, people simply can not watch millions of dollars go to 0 without selling, and no matter how intelligent a crowd is if a fire starts, they will trample each other to death.
This IS a bubble, and there will be a huge crash, but that DOES NOT mean that bitcoins are a failure, it will just take longer for it to happen. I mean tech didnt go away.. eventually amazon.com did live up to the promise of 2001. IT just didnt do it in in 3 weeks while the public was panic buying to get rich.
O
This IS a bubble, and there will be a huge crash, but that DOES NOT mean that bitcoins are a failure, it will just take longer for it to happen. I mean tech didnt go away.. eventually amazon.com did live up to the promise of 2001. IT just didnt do it in in 3 weeks while the public was panic buying to get rich.
O
Bubble, bubble, bubble...
Wait, let me guess. You're a fish right?
WILL BUTTCOIN MAKE THEIR OWN BLOCKCHAIN??
HEY I'LL TRADE YOU 10,000 BUTTCOINS FOR A BITCOIN!
Hmmmm....DEAL!
lol
HEY I'LL TRADE YOU 10,000 BUTTCOINS FOR A BITCOIN!
Hmmmm....DEAL!
lol
oh ur just jelus of my sharp superiur witz ololol
ROFLCopter
Just like you fail at... everything?
oh ur just jelus of my sharp superiur witz ololol
ITT: We fail at sarcasm.
Just like you fail at... everything?
ITT: We fail at sarcasm.
Just like you fail at... everything?
ITT: We fail at sarcasm.
Jump to: