Topic: -- Miner's Official Coin LAUNCH - NUGGETS (NUGS) -- - page 107. (Read 121547 times)

Ever hear of pets.com?  Webvan.com?

Thousands of useless companies that never not one single day turned a single profit yet their values reached into the tens of billions.

And there were thousands or them and they had hundreds or millions and some billions of shares and liquidity and market makers.

The alt coin market has neither.  $1 billion alone would cause a sky rocket of most of all the slt coins out here simply becssue of lack of supply and serious lack of leuquidity.  It took me a full week to buy 120,000 ixCoin, a coin nobody wants and I moved my bid up 6 times.  Why?  No liquidity.  Can you imagine $1 billion and bankers who don't care, they want coins now cash they know in a week another $1 billion from hedge funds is gonna hit?  That's how bubbles are created snd the alt coin market, seeded by Bitcoin is prepped snd ready for a massive bubble that will be supported until people exchange their real cash for virtual cash and then it will crash and you're all gonna cry and ask:  why, why, how could this happen.

Answer:  greed, lack of foresight and human stupidity.

Now the government and the banks own you.  And there's no going back.  Why do you think all of a sudden all the gold bought snd sold had to be reported?  Cause they're gonna come for all the hard assets like they did in 1934, the only money you can have is virtual so they can have total control over you.

You don't know what a hard fork is, do you?

Your post is proof of how you don't understand the revolutionary decentralization and crypto behind bitcoin at all. Wow.

I forgot to tell you that you are completely uneducated in the current upcoming evolution of payments from the major payment processors. Each one has their own system of electronic payments which allow for rapid purchasing via an application which means you can click a button on a website, scan a barcode in a store, or pay for music lessons from a friend. Research what is upcoming and then think about your rationale again. They have no need to truly innovate because they have a monopoly, they have the power.

Ahahhahahaaa ha.  


A nice hard fork and the gov turns your secure and secret a bitcoin into the dollar only they have full control.

Man, people are so naive.  A digital currency would give the banks and the govt full control over you and everyone.  A hard fork would change the most secure and secret alt coin into their open playground.

So I don't think you know how things work.  You think it's a coincidence bitcoin belongs to no one?  How hard would it be for the president to sign a directive order to hijack bitcoin in name of natnal security and do a hard fork to see what terrorists and drug dealers are doing. Oops, there goes your secretive coin.

Man, people are so naive.  They're gonna let it go secretly cause foolish people like you actually buy into it.  Then when they take it over every privacy you have left will be gone.  You'll pay taxes on the $5 you gave your son to mow your lawn.  Ahahhahahaaa.  Man, its hard to imagine people actually are so blind.

We're not at all laughing at cryptocurrencies. People who rally around here are not the ones who laughed at the concept of the internet. That would be Krugman and the like. We just think that expecting every one of the thousands of hastily planned shitcoins made in less than a week to generate bajillions of dollars by virtue of being called NewEnglandPatriotsCoin or SpidermanCoin is insane and to be frank, moronic.

lololno?

Sure, invest in some bitcoins and altcoins. Just don't shit up the place with making innovation-less crap when you don't understand any of the concepts.

Gotta go.  Kids are calling.  Sorry to waste you time.  I'm sure 90% of you are laughing your asses off at this.  I know, o was doing the same thing when the Internet thing came around.  It was the dumbest thing.   No profits, no real business plans, no real products to sell, no store fronts, you want people to buy off the net without ever seeing the goods they buy, you want people to give you their cards over the Internet, 90% of the people don't know how to use the Internet, the interest is only for drugs and prostitution, the Internet crashes all the time and its only 12K, nobody will ever use it.


Now it's happening all over again.  Watch and learn folks only now its gonna happen 10 times faster cause fiat money needs no stores, no business plans, no products, no sales force and no market cap, future cash flows or market caps to worry about, so the potential is 10 times greater than the Internet era and it will happen much faster cause it is 100% digital - 100% the speed of light.

Wow, is that really you or has someone hacked your account? Quick call an ambulance, it sounded like something he typed made sense!

Yes exactly, blockchains are insanely expensive, Ripple and possibly some kind of proof of stake can save millions or billions by not having to give over 100% of the currency to the printers/transmitters.

(Over 100% as in, they get it all when its printed then they get fees every time it is transmitted.)

It is almost insane to be backing coins someone else printed. Like what the fuck, let the printer back it himself, if he refuses to buy it back for close to what he sold it for then don't value the crap he prints because he himself doesn't value it enough to let you return it to manufacturer/printer for refund (minus a slight restocking/handling fee probably).

No one is going to dump at below face value IOUs they plan to honour at face value or above except in certain very limited / circumscribed circumstances. all this dumping happens because the printers have no intention of honouring the coins they are printing.

So it makes no sense to pay them to print them, you'd be paying them to print crap or paying them all the wealth with which you plan to back your IOUs for the job of printing your IOUs for you.

The "innovation" the Brits, Canucks, Martians, General Mining Corp, General Retirement Funds etc players came up with was simply to put aside as "reserves" anything they were able to sell their coin for.

Like oh I sold a coin for a dollar, cool. I now have a dollar in my warchest so I can buy a dollars worth of my coin, aka i can back a dollars worth of my coin, aka my currency now is backed by a dollar.

It seems to have worked well for them so far, and saved them millions in miner cost that trying to back coins printed by third party miners would have cost them, bleeding their reserves away because miners dump instead of accumulating all things that they buy with their coins as backing for backing their coins.

-MarkM-

I think you fail to realize exactly what crypto is, and how it completely devastates the existing monetary infrastructure. The individuals who you believe are going to adopt this currency, and enact new monetary policy, would never do so. By doing so, they will directly disrupt their own highly controlled, highly profitable, and immobile ecosystem. Right now they have profitability, and control, and do not need any other source of disruption to their income.

I do not know what 'top' school you went to, names are not everything. I highly suggest you go back to school and take a class on high technological innovation. look to the past and see what has worked, learn from the past and see what has failed.

The first time I chose Obama there were over 12 candidates.  He didn't even have 2% backing at the time and was squab,Inge with some old white dude in the parking lot of som grocery store about some stupid stuff.  He was nobody at the time.   But yeah, even 1 in 12 big deal.

There's many more examples.  Just look for trends and there are numbers acting like footprints.  It's odd.  Bankers want digital money more than anything.  The best thing alt coins have going for the is that the state and the banks are behind them.  

Once in a lifetime opportunity.  This can't fail.  Buy coins, sore them, don't sell them.  Just wait for the bitcoin ETF and them give it 2-3 months and prove me wrong.  It won't be much longer, the govt will fast forward it thru as fast as possible.  NFC is ready, ASICS are ready, the network is almost ready, everything is in place. It's gonna start very soon and I think the ETF Will be the spark.

You came here looking for human stupidity you could profit from, got called out for it, failed at profiting from it, and looked pretty stupid yourself in the process.

See you tomorrow for another temper tantrum

And that something big is not a (slew of) copycat currency with broken features made by a guy who was paid twenty dollars on an internet forum.

Okay thats a gimme, yes Jesus was a communist, his early followers were a bunch of commies, i have even heard rumours its possible one or more of the communal communities in modern Israel in the last century (haven't heard updates into this century) might have been communists.

All totally unlike all the totalitarian/fascist/whatever animal farm weirdoes that pretended to be commies behind the iron curtain and all that totally specious crap.

There hasn't been any large scale organised communism at any time in history, has there? Christians tended to lose it by the time they turned into organised religion instead of small underground groups of commies?

-MarkM-

I think there's a difference between betting on the presidential race, where there's two choices that seem to always come out within a few percentages of each other, and then betting on a terrible coin on the basis that it's terrible.

You know more than me about this but it doesn't seem PPcoin needs any of that.

Edit:

Or how a out china and India hashing away as $2 per day is good pay.  You think half the planet hashing away 24/7 is enough security. 

I don't know the answer but its not a problem that can't be resolved rather quickly.

The real obstacle is to get people to love digital money so much that they'll willingly forfeit their real money for fake money and do it happily.  And that's the the Bitcoin carrot Andorra markets will do the rest.

We have max 2-3 years to make real money so let's work together cause once the objective is met they'll find an excuse to kill all alt coins.  Maybe some asshole terrorist will use bitcoins to buy a bomb.  Who knows.  Something stupid - but grantee they will kill all crypto-coins.

Make money now and get out but work tether and make killer coins and make way more knew when the bankers come in.  That's what I tried but I couldn't implement all my features cause I couldn't find a real programmer. 

Good luck.

Gotta put my kids to bed.  I'm pretty sure 95% here think what I'm saying is nonsense so I will not waste anymore time saying it.  Just feels wrong to see something big coming and not say something. I feel an obligation to say something but it's hard as most usually mock what they don't understand.

It's very hard for me to say these things as rarely does anyone understand or appreciate it but I feel so compelled to speak up that it hurts if I don't.

Good luck to everyone.

Profiting from human stupidity reminds me of how pissed off jesus was when he went apeshit and flipped some tables over