What in the world makes you think BTC is decentralized ?
Ever since this.. https://bitcointalk.org/index.php?topic=6652.0 .. BTC has become a banker's cashless society wet dream.
What we have today is NOT what Mr. Nakamoto intended.
HT xD
Oh yeah, and after that the protocol was changed in a subtle way that no programmer reviewing it could actually see the change but now ALL YOUR BITCOIN ARE BELONG TO CIA. Now I see how naïve I am, thank you.
Bitcoin is decentralised exactly because even if the CIA implants an alien on Gavin so that he starts to write code making Bitcoin centralised, a decentralised fork will appear and there still will be good ol’ Bitcoin around.
They will
PASS a
special executive order and make a
hard fork that gives all control of Bitcoin to the government. It is INEVITABLE. Then Bitcoin belongs to the
government!!But seriously, I fail to see how Bitcoin, a decentralized, pseudonymous currency is a banker's/government's wet dream, when they already have KYC, debit cards, and credit cards, which offers more tracking and raw control than Bitcoin ever could. With those, your spending can be tracked, your accounts can be frozen and even stolen from.
Do you get it or are you joking?
Read my papers it explains it all.
Right now they can't track a ything on the black market - that alone is $2 trillion per year. Anything bought with cash is untraceable.
You pay your babysitter in cash she doesn't report it. That's another like $2 trillion the govt can't tax.
Drug dealers, prostition, the govt wants it all but can't track it cause people pay cash for vices.
They want info on you cause you're glen beck and they'll pull up your bitcoin wallet and know what you ate, with who, where you work out, how much has you use, what car you drive, how much you spend on anonymous things which could mean you have a vice. And the list goes on.
No more tax evasion, no more secret accounts, no more unpaid tax bills as they'll just take it from your bitcoin account since its digital, no more hiding money under your mistress so the banks have access to trillions they now don't, multinationals then know your exact spending habits down to what condoms you buy and how often you have sex and that's their marketing dream, direct marketing tailored exactly to you - that's worth trillions cause its so effective.
Yeah, that's already done, on bank accounts with KYC. They already have all this info. Why would they finagle with a decentralized currency when they already have the banks in their pockets. I know the government desperately wants to know everything about everyone and get rid of cash. That's why Bitcoin (and Zerocoin!) are great, because this removes government from electronic transactions. Don't you get that? Here it is again: the government already knows about your credit card, debit card, and bank deposits. That already is there. Explain how government can track you with Bitcoin. You haven't shown me anything.
Like I've been saying, digital money will not fail - Bitcoin will get its ETF and then explode cause all the money in the world and all the powers that be want it more than anything since the begining or time. It's total power over anyone. They'll know everything about every politician which makes it easy to blackmail them.
The list is endless. And then of course, the final game is to chip everyone for your own safety and that's the end game - that's what digital money is going, total and complete totalitarian societies ran by the banks and corporations and you're just consuming animals, chipped like animals.
Bank on it. When that ETF blows past $1,000, I'll be back cause not 1 person has had the balls to say yeah, no doubt, you're right. You're all blind as bats. No wonder the govt can so easily do these things, 99% of the people just don't really see anything.
I haven't seen everyone doubt the Winklevoss ETF, and you keep saying you're the only one who thinks anything will come of it, when that's not true. The powers that be
hate Bitcoin! There's a reason why they keep bringing up the "what about the children" argument when it comes to the pseudonymous nature of it, and why they claim it's so "dangerous". Blind as bats? Really? Bitcoin transcends borders. We're the ones who aren't at all blind! With Bitcoin, we're fighting this! You're the one who's ignorant about it.
[quote author=Hippie Tech link=topic=256460.msg2814648#msg2814648
What in the world makes you think BTC is decentralized ?
Ever since this.. https://bitcointalk.org/index.php?topic=6652.0 .. BTC has become a banker's cashless society wet dream.
What we have today is NOT what Mr. Nakamoto intended.
HT xD
Oh yeah, and after that the protocol was changed in a subtle way that no programmer reviewing it could actually see the change but now ALL YOUR BITCOIN ARE BELONG TO CIA. Now I see how naïve I am, thank you.
Bitcoin is decentralised exactly because even if the CIA implants an alien on Gavin so that he starts to write code making Bitcoin centralised, a decentralised fork
will appear and there still will be good ol’ Bitcoin around.
Oh wow, seriously? On your planet is the sky blue? Does legislation exist - you know, laws, which the govt makes up then throw you in prison like when music was free to download then one law later people were going to prison for downloading 5 songs? And that's the music industry, you mess with the govt bitcoin they'll count that as forgery and they'll put you away for 10 years for spending 1 bitcoin. Oops, overnight criminal acts. Reality? yes, the sky is blue and this is how the world actually works on this planet but somehow many many people don't have even the smallest clue. How about Executive orders? Laws? Crimes?
[/quote]
So you're saying that
everyone who has ever downloaded a song was arrested? That everyone got scared away from torrents? Oh wait, no they didn't. People still downloaded music, movies, and games and still do.
So the govt criminalized gold in 1934 til 1979 (and literally stole it from every person in the entire country) but no way they can centralize bitcoin, take it over and criminalize any other version.
No way, cause you said that ain't right and you're the guy from the internets who knows all and ignores all historic facts, no way the US govt has that kind of power over virtual video game currencies with no owners. Hahahhahaaaa.
I'm sometimes stunned by the sheer sheeple on here. No wonder such evil govt plans work. The majority if the population understands exactly jack and shit about reality. Shocking.
Funny how you accuse us of being manipulated by government, when they successfully got you to think that they are omnipotent. Think about this, you're the one following the government line!
And much to my shock, NUGGETS is in an exchange and no, not R3's exchange. Nobody notified me. WTF?
Iceycript is exactly r3wt’s exchange. Or do you mean some other exchange?
Well, it's not on Cryptsy or Coins-e, and I've only ever seen it on Icy Crypt.
Just buy and hoard any coin, it doesn't matter which, just hold on to them for just 1 year. By then it should all be infinitely more clear but the trigger will be the Bitcoin ETF.
Not only is this a terrible investment strategy (throw money at any old coin, really?), you've yet to explain how there will be enough infrastructure to secure thousands of separate blockchains.
Listen, right now there's like max 1 million people doing this actively in the whole world. Max.
When bitcoin gets its ETF and bankers see billions can be made with an idea and no products it's gonna go nuts.
You'll see many millions being pumped in exchanges, hardware like ATMs, seriously good exchanges like coinbase but selling all coins.
You'll see multi million budget devs building just one coin, or tailored coins for like Bieber, which you guys laugh but a coins value comes from popularity, Bieber is probably worth like $100 million, he can make $500 million off his own coin in 12 months. Bitcoin is worth over $1 billion and there's no real fan base and no real major places ro accept it snd not s brand name like say a Bieber.
Damn! Why would anyone need a multi million budget for a cryptocurrency?! No wonder you keep throwing money out the window like that! At least buy some Bitcoin and give it to us if you're going to waste it like that.
Everyone with a name will want a coin, cause the money off their fan base will be instant and free cash. That's why I wanted to launch a CatholicCoin, to be the first coin with a 1.5 billion built-in fan base but nobody really understood the potential.
That's because there is no potential, and it won't be instant. People love sex, and SexCoin has gone nowhere. At most all of these silly coins are fun toys for hobbyists, but that's about it.
Then finally, the media, they'll pump it, hype it and people will go nuts. Everyone has computers at home, ASICS are cheap and They'll be cheaper so there's gonna be a 100 fold jump in miners and investors in alt coins in the next 12-24 months. There's gonna plenty of infrastructure and a temporary mad shortage or coins so all alt coins will shoot up.
At least you tried to answer my question, but most people will not bother with mining. GPU mining is barely even profitable anymore, and it requires computer knowledge that is not mainstream. And that is
okay, Bitcoin is supposed to allow this choice. Also, I just quickly took a look at the BFL ASICs really quick.
5GH/s - $274.00
25GH/s - $1,249.00
50GH/s - $2,499.00
500GH/s- $22,484.00
ASICs are cheap? No way! Your average person is not going to be able to afford or be willing to put money toward a miner that costs about as much as a car!
That's why I said hoard any alt coin. And you don't have to buy them like me, mine them, it's free. There's almost no risk, just sell enough coins to pay for your gear and electricity and let the rest ride. Just wait 1 year, you'll know if I'm nuts or a genius by then. I figure the ETF license should take 3 more months, then maybe 3 months to take off and the media to get the memo from the top right after that. In 12 months you could see a different world completely for alt coins and the trigger is the a bitcoin ETF.
Or you can use coinchoose.com to sell off those coins often for BTC, or use an ASIC to just mine BTC and secure the network. Expecting any old coin to reach Bitcoin's stature now is foolish and a waste of your time.
I did write 3 months ago there gonna be a quick jump to 300 coins and then 3,000. At the time there were 12 coins and only about only 6 actually actively mined so to say 300 coins in 12 months, 3 months ago was crazy but look, I'm already right, its gonna take less than that.
If you included dead and dying coins (coins with no miners or just one or two for the longest time), then yeah, it would be obvious that there would be a lot. The reason there are so many is because it's dead simple to just copy and paste code and change things like times between blocks and whatnot. The vast majority of these coins won't even go near the public consciousness. Just because there is a lot doesn't mean they're worth a great deal. All of this just smacks of jealousy of missing the Bitcoin early adopter train.
And I said that when I thought it was $10,000 to launch a coin not $1,000 (with bounties).
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Good luck!
What the what? Why would you need $1000 or $10000 to launch a coin? What does that money even go to?