Topic: Is Bitcoin a Pyramid or Ponzi scheme & what are the ramifications? - page 4. (Read 10949 times)

That now thread is defunct because of censorship. Any OP with an ounce of common sense would of locked it and buried it.

For someone so 100% sure of Bitcoins impending doom you do spend an unnatural amount of time on this forum. I can only come to the conclusion it's some fruitless bizarre attempt to lower the price so you can hoover up some cheaper coins. Or it might be this:


Good luck with that. 

I can speculate on whether Branson as a member of the elite (Bilderberger, CFR member, etc) is playing ball as he has been perhaps told to. Or perhaps he really believes in Bitcoin. But he isn't here in these forums down in the trenches. And he doesn't see what I see technically.

So let him end up as another Bitcoin idiot. Fine with me. I'd love to slay his ass if he puts his net worth in Bitcoin. But of course he isn't that stupid and so isn't endorsing it for himself, rather encouraging the greater fools who I am about to teach a lesson in market dynamics.

The thread was closed because all the key arguments had been made and argued. I am one man against 100+ butt hurt Bitcoin zealots who are unable to read the thread before they post and were posting either redundant arguments or spamming the thread with "you are wrong, because you are wrong" 0-information non-arguments.

I will go post a link from that thread to this one, so all your posts are acknowledged.

Ain't No Future In Yo Frontin, "Shine it up good".

This is the official link: http://www.virgin.com/richard-branson/bitcoins-in-space

Observe the quote from Branson:

Not proof as such, but c'mon would be really put his head in a noose?

Fortunately Hawker made this an open discussion thread so this catastrophic blow to your ponzi claim can be freely talked about. In contrast, your thread was locked down so you could carefully control what information was shown with an iron fist. This post would of been quickly deleted as soon as possible.

Right, I'm off now to cook up a nice humble pie and your going to eat in right in front of us. 

The point is Branson did not stake his reputation, thus a strawman. He only said it is a neat or interesting innovation. I also think proof-of-work is a cool innovation. That is not staking my reputation on Bitcoin.

I would say that it was an appeal to authority...

https://yourlogicalfallacyis.com/appeal-to-authority

You constructed a strawman argument. Congrats.

WTF, you are projecting.
Idealists are more likely adopting Bitcoin because they want an alternate to Fiat currency.

Its value is created by idealists because they are prepared to invest in it, the herd that buys in for a quick buck fit your projection that's why we have bubbles, (or runs on the bank)


Re: Is Bitcoin a Pyramid or Ponzi scheme & what are the ramifications?
Neither, it's a P2P risk distribution virus and it will spread, think of it as a distributed socialised savings insurance.   You can buy back in whenever you like Your question is FUD!.

@AnonyMint

So Branson is publicly promoting a ponzi/pyramid now is he? Putting his whole reputation on the line. Really?

http://www.cnbc.com/id/101220710

I think not. If that is not proof enough for you Bitcoin is legit, than you are beyond help.

Well I guess that wraps that up. Bitcoin not a ponzi/pyramid. The end.

Honestly I am conflicted on this issue. My minanarchist values hate to have government dictating to people. I would love absolute freedom. Yet I can only conclude logically that absolute freedom is another form of a jail.

It is simply impossible for people to do whatever they want and not impact on others in the community. Thus each community has to decide how tolerant or strict it wants to be. Thus at least we have a diversity of community types to choose one that best matches our individual choices about tradeoffs.

Thus I conclude that "Decriminalise the users" every where is much less freedom than "let the communities decide".

One rule for every where is very intolerant, even if you think it is a rule of tolerance.

Minanarchy is much more freedom than anarchy.

As long as people will be repressed by moralists and their view of what is "right" to them - yes. It's just a shelter for the desperate (ab)users and they will not stop seeking for it. Which closes the circle for me. Decriminalise the users and a lot of problems will be gone.

Where I wrote "you", I was thinking "druggies". I said I didn't bother to exclude you, because I felt you were being impolite also.

I think the point you were trying to make to me is that drugs are big business and will always be?

I wrote upthread that if drugs will be the major use of the coin, I am not interested in the coin.

I don't think drugs are the biggest business, and don't need to be the major use of money. I sure hope not.

I have a broader vision for decentralized money than just drugs.

Afaik, drug use is much higher in the Caucasian and Latin American countries than in the East and SE Asian countries. I didn't verify it by googling stats.

1st) Oic you like MJ. Okay but we don't tolerate that here. Don't come here, you will end up dead. And don't breath that nor bring your smelly clothes near me, as I don't want that chemical going inside me.

2nd) Isn't it safer for you to move to a community that allows MJ than deal with blackmarket and danger of going to jail.

I think we'll not manage to get consensus here. No offense.

I didn't assume you do drugs. Why do you assume I assume? Watch those boxes you sling around, they come back and hit you.

Rather I didn't bother to exclude you so as to be impolite as I felt you were to me.

Just because there will always be drugs, doesn't mean a community can't drastically reduce their use.

There are no significant drugs where I am.

Safe is not enough, I don't want the presence of druggies near to me.

Growing is very dangerous here. Buying from growers is the blackmarket.

What is your point? Are you trying to say it is futile to crackdown on drugs? That is obviously false where I live.

Obviously lies such as War on Drugs don't work, because they are lies. The CIA is running the drugs.

Seems you think freedom is an absolute. I don't. I am a realist.

As i said above. I do agree with you in some cases. But drugs have always been and always will be. No matter how hard they will be prosecuted. That's a fact. Proven by history.

And i do live in safe community (with "druggies" around) where i do not have to lock my door. Not even at night.
Thanks for assuming that i do drugs. Stop thinking in boxes. It can affect your mental health.

PS No need for a blackmarket here. A variety of drugs would grow. You'd just need to step out and grab them.

You can choose which drug you want, but not in a community which has voted to not allow them. You will need to migrate to one that does.

If the community loses the technological ability to control that, then that will no longer be true. In which case, I will live away from society if there are druggies around.

Hope that is clear.

I put a P.S. in my prior comment that I think it makes it easier for us if we segregate by preferences. But technology will decide if the community has this power or not.

As far as I can see the community will retain this power, because drugs are tangible and can be discovered in shipping with better technology for sensors.

Isn't it safer for you to move to a community that allows MJ than deal with blackmarket and danger of going to jail.

Ok got it And every person can choose which drugs to take. Else there would be no demand for them right? Anyway. We'd not get far with this discussion.

And i'm not a socialist

Huh?  

I did not write that watched someone fall without attempting any rescue.

Oic you like MJ. Okay but we don't tolerate that here. Don't come here, you will end up dead. And don't breath that nor bring your smelly clothes near me, as I don't want that chemical going inside me.

I don't choose to live in Jamaica. I choose to live in a city that is drug-free. Okay they like MJ there. Okay you think it is good.

Every person can choose which community they like to live in. Vote with your feet (migrate).

Why would libertarians disagree with allowing a local community to decide?

Because you are all socialists? And druggies (at least MJ-users) too?

P.S. i consider even chocolate and sugar to be drugs. I don't consume them. Not even soda pop. I consume only naturally sweet fruits when I want sweet. That doesn't make me better than you. Just different. And I don't want to associate in person with people who consume these chemicals, because I don't like the influence and I don't like what it does to their behavior and demeanor, etc.. Therefore I  think we can't live in the same local community. It is better for us to have separate communities. Socialists think we must all tolerate each other. I disagree with that. I don't have to tolerate you and you don't have to tolerate me. Separate is better.

Ok i see. You saw what drugs do to people and you did what? Watched them fall?
And the good old MJ to blame. Nice. Tell that jamaicans. They are all on heroine

"Social issues are best left to the local community to decide" Ah mkay. Now i understand why a lot of people here often disagree with you. You should expand your horizon a bit imho.

Guys please don't feed the troll.

Social issues are best left to the local community to decide. The mayor where I lives shoots all the druggies and the snatches. Therefore our city is rated one of the safest in the world. He says if you don't like it, you can leave. He invites criminals to come here to die.

There is no BS a war on drugs here in this city, because they just execute with no trial and no nonsense. Druggies get 3 warnings, they must either leave, stop, or die. I am contented with this.

I've seen personally what drugs do to people I care about. Start with a simple drug like maryjane then it escalates to heroine. Thank God that person is off of it now.

Yeah there are still some drug use, but very, very minimal where I am. I like being around these simple people and not all addicted on coffee and chemicals like westerners. Just purely natural, not even any make-up. I prefer life very close to nature. I prefer women who eat the head and eyeballs of the fish and don't say "ew". Meaning I look down on aristocrats and people who can't "rough it".