Topic: Newbies Hangout - page 30. (Read 28520 times)

Let's get out from this section

sorry.. next year.. 2012.. i thought it was 2012 already.. stupid holidays

Wait... THIS year?

Merry Late Christmas..

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I predict silver will hit 100 this year

I love this place!

You couldn't know. Post count isn't the only factor to account for. Logged in time(4 or 5 hours) is the other factor.

5 posts + 4/5hrs logged in

Congratulations!

I did not know how much longer before you got out of Newbie Prison.

n.olmos

Thanks... and this post should bring me up to the needed count.

Hi mav,

This is great advice. I went ahead and linked your comment in the other thread.

n.olmos

I also want to reply to this thread

https://bitcointalksearch.org/topic/con-55729


I would approach this the Socratic way, by asking questions to help the person realise by understanding rather than just trying to impart your knowledge directly to them.

Is fiat money a scam? (of course you expect to hear a resounding 'no')
Is it a scam that governments and banks can print as much money as they want?
Is it a scam that because of that, fiat money is worth less in the future than in the past, eroding the value your savings which you worked hard for?
Do you really think that people, when given the power to print money, will not abuse it?
Who regulates the printing of money? Do they do a good job of it?
Is it a scam that there are a few powerful people pulling the levers of the economy?
Are you happy with a few people telling you what is valuable and what is not? Because that's essentially what fiat money leads to.

What are the benefits of gold as money?
All those benefits are why bitcoin is also good compared to fiat money.
What drawbacks are there to using gold?
Bitcoin has solved those problems also.

Are shares a scam?
Why not?
What about if you bought apple or google shares when they just started up, is that a scam? Why not?
Are shares in [valuable but socially/environmentally damaging company] a scam?
These are exactly the same reasons bitcoin is not a scam.

Is paying with cash a scam?
Why not?
What is good about paying with cash?
All the reasons you like cash are true of bitcoin also.
What is bad about paying with cash?
Bitcoin has solved this as well.

Do you know about (any of the more advanced economic things such as options, futures, derivatives)?
How many people in the general population understand these concepts? (not many)
Does that make it a scam? (no)
Why not? (they could find out if they wanted, the detail doesn't need to be known about by most people... etc)
Same is true of bitcoin but moreso, because the basis of it, the code, has been reviewed by experts and validated as not being a scam - if it were a scam it would be apparent in the code immediately and nobody would support it at all.

Do you ever get spam from Nigeria?
If it said [the name of the bank of the person you are talking to] in that email, would you say [their bank] is a scam?
The same is true of the services surrounding bitcoin - just because a third party is untrustworthy, it does not mean the core concept is broken, just that the services surrounding it needed to improve, which they have.

Ultimately the value of something reflects the value of it to society. Or rather, it SHOULD do that. Fiat money greatly clouds these issues because it funds unpopular wars, undesirable corporations, and excessive bureaucracy. Bitcoin is not a scam because it allows the true value of goods and services to be reflected in their price.

Of course if you don't know your shit you can get your arse handed to you, and even if you do know your shit you will be into a rollicking argument very quickly, but these are all interesting questions that should at least begin to impart doubt into the minds of people who think bitcoin is a scam. At the very least it will hopefully make them realise it's no LESS of a scam than any/most other monetary systems.

Trying to get my post count up so I can post about graphing some bitcoin data. I reckon bitcoincharts is a great website but there's some extra stuff I'd like to see so will try to make some charts. Some non-market specific stuff, and some general information-is-beautiful type infographics.

“If you’ve been in the game 30 minutes and you don’t know who the patsy is, you’re the patsy.” - Warren Buffet

More PC Raising

Raising My PC

Few more hours and its Christmas. Merry Christmas to all. 

don't mind me getting my postcount up

+1 

Browse around the site, there is TONS of info and if you have a few hours you will more than likely find all the answers your looking for...we were all new at some point (i still am) and so the more you read the more you know. Good luck dude

Ahh, thanks

i was wondering if others are seeing high stale rates on mmpool.bitparking.com.

And you need 4 hours total time logged in.