Topic: Gold collapsing. Bitcoin UP. - page 1120. (Read 2032266 times)

That reminds me of when you were using the '$' unit identifier on the unitless USDX metric.  Quite unbecoming of a macro-economic guru who confidently predicts that BTC will be the new worlds reserve currency.

I don't recall your ever thanking me for inducing you to finally stop embarrassing yourself on a daily basis.  Possibly I just missed it though.

I've never mined though I own a couple of those ASIC USB devices as novelties.  I'll let you in on a little secret as to why since I like you:  It's fucking stupid!

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Otoh, I wonder just how much he's really transacted in Bitcoin given his misunderstanding of how addresses work. For those interested, tvbcof was under the impression that by entering one wrong character into a receiving address it would result in an irretrievable loss of Bitcoin by sending them off into the ether sphere to someone else's address. I don't know about you but before the very first time I sent a bitcoin I researched the ramifications of just that; entering a wrong character. That's just good money management and intellectual curiosity. Most of you know that a mistyped address  won't take as the address has a checksum built into the last 4 bytes making this impossible. You'll also note that when you right click on an address to copy it automatically selects the entire thing so you don't leave behind any characters when you paste; yet another safeguard.  You need to know these things if you're moving bitcoin around. The fact that tvbcof didn't know these things brings into question his claimed experience in transacting at all .

I had to clear this misunderstanding up for him just a scant couple months ago. And he calls himself a computer guy?

Of course tvbcof feels entitled, he's a socialist who thinks people should thank him for opening his mouth. And no, I never recommended to my subs to mine.  But certainly to buy. But nice cheap shot nonetheless.
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you always love to sound bearish yet you cling to your coins.  this thread was made to torment gold bugs like you; i'm glad it's working.

You didn't specify 'small amounts of spendable Bitcoin'.  You said you access cold storage from your Android in a response to my saying that, yes, bitcoin hoards can be made secure at the expense of making them as user un-friendly as one's gold hoard and that many people have come to lament Bitcoin's 'ease of use' when they get their stash ripped off.

My point was, again, that I sleep well at night because even I cannot get to most of my stash without a bunch of planning and time.  Just like with my gold.  And this mitigates some of Bitcoin's advantages.  You tried to downplay that by saying that you could send me BTC within a minute from your cold storage through the magic of Android and a piece of paper in your wallet.  It makes no sense if you are talking about trivial sums.  And it is kinda stupid if one is talking about large sums.

I'll take that as a no.

Who's lying now?

Since your memory seems to be failing you, the recommendation was to use Mycelium cold storage to access small amounts of spendable Bitcoin one can carry around in their physical  wallet on a QR code.  This was in response to your unfound claim that one's bitcoins aren't accessible. Yet another misunderstanding of how bitcoin works on your part.

That's the best you got?  Yes, it's true that I was under the impression that Bitcoin addresses did not use a checksum.  I understand what a checksum is and how they tend to be constructed.  I just read somewhere long ago that Bitcoin didn't use them and that was wrong.  I didn't read the source code, and I find it highly doubtful that you did either.

BTW, it was in this conversation (and others) that our dear friend Cypherdoc suggests that one's deep storage be accessible via fungus wallet running on Android OS.  Genius!

As I've said before, if I had only gold and no BTC, I'd be buying BTC.  If I had only BTC and no gold, I'd be buying gold.  Such concepts just don't resonate with the fundamentalism mind.  I understand this so, no bust.

Not true, you referred subs to HashFast. They're now in Chapter 11 bankruptcy and I have to fight tooth and nail with them and the DOJ to get back what was promised to me. I'm still optimistic but I'm weary after 10 months of this.

I was pretty liberal in comments on this forum with information about my strategy and operations back when I was a buyer IIRC, and it's not my style to delete old posts.  Knock yourself out if it's that important to you.  Else I guess you'll have to get me into a deposition or something.

Not true, you referred subs to HashFast. They're now in Chapter 11 bankruptcy and I have to fight tooth and nail with them and the DOJ to get back what was promised to me.

Of course tvbcof feels entitled, he's a socialist who thinks people should thank him for opening his mouth. And no, I never recommended to my subs to mine, at least that I recall.  But certainly to buy. But nice cheap shot nonetheless.

Of course tvbcof feels entitled, he's a socialist who thinks people should thank him for opening his mouth. And no, I never recommended to my subs to mine.  But certainly to buy. But nice cheap shot nonetheless.
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Cross-posting...


He is not paid. This is the illogic of a lefty communist. You can't reason with them because their brain stem is not functioning. Their brains are operative and they can make semi-coherent arguments and even appear to be reasonably intelligent and articulate, yet always the logical consistency is absent.

I think it is because their philosophy is lacking an understanding of thermodynamics and the fact that only a free market of competing actors can optimize (anneal) a dynamic system. He doesn't understand that nature's optimization algorithm is simulated annealing. This is why if ice is cooled slowly, then there are less cracks because the local molecules have more time to find optimum structure.

What a lefty doesn't understand is that no entity can top-down manage resources better than the local competing actors (some perform worse and some perform better and thus the system learns). There is no way that the Feds can monitor every dynamic opportunity and problem experienced by 300 million people every day and decide on the appropriate actions in real-time. Thus every edict and requirement from the Feds is stomping on and preventing the free market of local actors from optimizing with the most degrees-of-freedom.

In the Economics Devastation thread, I explained with respected citations that degrees-of-freedom is known to be equivalent to potential energy.

In your car had no reverse gear (one less degree-of-freedom), then you need to drive in a circle (e.g. around the block) in order to go reverse, i.e. much more inefficient. Government makes the free market adaptation and optimization less efficient.

When government grows from 12% in 1930 to over 75% of GDP (once compliance with all regulations is factored in) as it is now, then we reach negative marginal utility of debt, which means adding new debt actually shrinks the real GDP. Debt reduces degrees-of-freedom too, because everyone and his half brother copies each other, because resources are declared to be free.


You attack the symptoms and not the fundamental problem. The fundamental problem is the power vacuum of democracy, i.e. the government grows without bound. The only way to fix that is to deny the ability of the government to tax, so that the citizens have a (individual opt-out) veto against unjust taxation. We must defund the beast. And thus why I am working on such a technological solution.

You have no idea whom you've been debating with. If you knew, you'd feel pretty stupid for stereotyping me the way you did upthread.

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Got anyone to back up your claim? Just curious.

 

Just because I'm in a good mood and someone dares to doubt my integrity...


There's plenty more where that came from due to the way exchanges work, but that should pretty much get you where you need to be.  I think that red (embarrassment) and green (envy) creates kind of a yellowish hue.