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Topic: Please stop turning into morons just because you see "Brock Pierce" somewhere (Read 7887 times)

sr. member
Activity: 406
Merit: 250
AltoCenter.com
If people had stopped being moron than they wouldn't be people... They would've been robots...
hero member
Activity: 907
Merit: 1003
One time I jacked off a dog with my bare hand just to see what would happen.

That's what I think of backing a coin with fiat.

Another analogy: Hitting myself in the face with a hammer.

legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
Realcoin plans to partner with a bank, and then maybe a group of banks, to do the backing. So the same dollars that you deposit into your bank account, you would then be able to withdraw as a Realcoin, with your originally deposited dollar backing it.

Well that would not be anything even remotely like what we understand to be cryptocurrency, now, would it? Sounds more like S&H Green Stamps, or Canada Tire Money.
legendary
Activity: 1400
Merit: 1013
The hope is that if a bank or group of banks do it, while following most of the same regulations they already do, they won't get shut down.
If that's the plan, I have a hard time believing that anyone involved has done the slightest bit of due diligence regarding the regulations involved.

Realcoin would most likely fit into those regulations as a stored value instrument, and I don't see how the kinds of restrictions which apply to them would be at all acceptable to the intended users of Realcoin.
legendary
Activity: 1014
Merit: 1001
Max and Brock discuss bitcoin as the internet 2.0 and what the future holds for the technology.

http://youtu.be/MXJk2ZodaNw?t=12m41s

I wouldn't trust either of them ..

Now plz excuse me while I puke.
LOL  Cheesy
legendary
Activity: 1680
Merit: 1035
We need a decentralized exchange! First step? Get USD into a digital decentralized form!

The key is making the transfer of USD decentralized. Any blockchain-based currency can solve this by pegging its value to USD (or even gold or silver perhaps). That is what Realcoin does.

The hard part is the pegging. In order to for there to be $1 billion worth of Realcoin (for example), the operator of Realcoin has to have $1 billion and has to be be able to redeem any amount of Realcoin at any time. It should be noted that this is exactly what e-gold did before they got shut down by the U.S., and everyone lost all their money.


Realcoin plans to partner with a bank, and then maybe a group of banks, to do the backing. So the same dollars that you deposit into your bank account, you would then be able to withdraw as a Realcoin, with your originally deposited dollar backing it. The hope is that if a bank or group of banks do it, while following most of the same regulations they already do, they won't get shut down.
legendary
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
Keiser Report: Fear mongering from Scottish ‘No’ voters (E656)

Quote
Max and Brock discuss bitcoin as the internet 2.0 and what the future holds for the technology.

http://youtu.be/MXJk2ZodaNw?t=12m41s

I wouldn't trust either of them ..

Now plz excuse me while I puke.
sr. member
Activity: 374
Merit: 250
We need a decentralized exchange! First step? Get USD into a digital decentralized form!

The key is making the transfer of USD decentralized. Any blockchain-based currency can solve this by pegging its value to USD (or even gold or silver perhaps). That is what Realcoin does.

The hard part is the pegging. In order to for there to be $1 billion worth of Realcoin (for example), the operator of Realcoin has to have $1 billion and has to be be able to redeem any amount of Realcoin at any time. It should be noted that this is exactly what e-gold did before they got shut down by the U.S., and everyone lost all their money.

I don't think this would ever work. This would mean that you would need to trust the operator of realcoin (essentially a central authority) which is what bitcoin was primarily created to be able to avoid.
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
We need a decentralized exchange! First step? Get USD into a digital decentralized form!

The key is making the transfer of USD decentralized. Any blockchain-based currency can solve this by pegging its value to USD (or even gold or silver perhaps). That is what Realcoin does.

The hard part is the pegging. In order to for there to be $1 billion worth of Realcoin (for example), the operator of Realcoin has to have $1 billion and has to be be able to redeem any amount of Realcoin at any time. It should be noted that this is exactly what e-gold did before they got shut down by the U.S., and everyone lost all their money.


And if or when the centralised operator goes kaput, it's all worthless, hence realcoin is worthless because it's not decentralised.
legendary
Activity: 4466
Merit: 3391
We need a decentralized exchange! First step? Get USD into a digital decentralized form!

The key is making the transfer of USD decentralized. Any blockchain-based currency can solve this by pegging its value to USD (or even gold or silver perhaps). That is what Realcoin does.

The hard part is the pegging. In order to for there to be $1 billion worth of Realcoin (for example), the operator of Realcoin has to have $1 billion and has to be be able to redeem any amount of Realcoin at any time. It should be noted that this is exactly what e-gold did before they got shut down by the U.S., and everyone lost all their money.
member
Activity: 109
Merit: 10
Bleating sense into the world

BurtW has been *ahem* involved in some interesting stuff. I know he was one of the big passthroughs in the Pirate@40 Ponzi. I didn't know he was involved in this though. I know Bruno was raising a stink about being ripped off by Davout. The little side scams here are too involved for me to keep track of them all. Peter Lambert was teasing me about not accepting btc from someone here. I told him, I don't deal with anyone from this forum because I don't have time to keep up on who's fucking who.

Sounds like you would benefit from a WoT.

legendary
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
Debt has been fully repaid and then some as of 7/19/2014.  Thank you BurtW and I hope that all is well with you Phinnaeus Gage aka ~Bruno Kucinskas.

Proof of repayment.

Payment from Burt W -

https://blockchain.info/tx/85ccd860bb65b9c0283b96afecd15d887a0c5d23272e95d50b592042ba1ce1c1

Additional payment received with public note "ROI on $2,800, with apologies." -

https://blockchain.info/tx/32cd9e5c707563ccf476296a4447ed90c0687aa3607e1469c46f58e2e35873a2

The above is accurate.

~Bruno Kucinskas

Why would Burt Wagner be paying you back though?

bump and a +1 ..
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Debt has been fully repaid and then some as of 7/19/2014.  Thank you BurtW and I hope that all is well with you Phinnaeus Gage aka ~Bruno Kucinskas.

Proof of repayment.

Payment from Burt W -

https://blockchain.info/tx/85ccd860bb65b9c0283b96afecd15d887a0c5d23272e95d50b592042ba1ce1c1

Additional payment received with public note "ROI on $2,800, with apologies." -

https://blockchain.info/tx/32cd9e5c707563ccf476296a4447ed90c0687aa3607e1469c46f58e2e35873a2

The above is accurate.

~Bruno Kucinskas

Why would Burt Wagner be paying you back though?
vip
Activity: 1428
Merit: 1145
Debt has been fully repaid and then some as of 7/19/2014.  Thank you BurtW and I hope that all is well with you Phinnaeus Gage aka ~Bruno Kucinskas.

Proof of repayment.

Payment from Burt W -

https://blockchain.info/tx/85ccd860bb65b9c0283b96afecd15d887a0c5d23272e95d50b592042ba1ce1c1

Additional payment received with public note "ROI on $2,800, with apologies." -

https://blockchain.info/tx/32cd9e5c707563ccf476296a4447ed90c0687aa3607e1469c46f58e2e35873a2

The above is accurate.

~Bruno Kucinskas
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.


Tbh.. I'm not buying it.

So why did BurtW become involved ?

And... Was BTC from the creativex scam used as the "additional payment" ?

Aug 13/ 2013
creativex sent 130 BTC to 1LgHznJ5dnHNsSSiSSfS35yCm1nceLnv3n.
https://blockchain.info/tx/386fdf20caeb9dbf971ded41a6a28a4f60297d2673d4393c2c3b08d522243758

Later that day, 105 of that was sent to 1EyRGV8LPXHvvujAZfN8hiDMom8yoGsHot.
https://blockchain.info/tx/e0183bb6919f381e1513ce4713a559e1960d0753398c4f1f8638a5a5a68d5f3f

Sept 2/ 2013
1EyRGV8LPXHvvujAZfN8hiDMom8yoGsHot --> 1ENkdLoM6P8XRSJZ881Bsk2t6fug5DYTzW
https://blockchain.info/tx/95867ce9dad0881c83068e03decc0b97aa8a8cb20b90d17595c88c2fcebf4b76

July 19/ 2014
1ENkdLoM6P8XRSJZ881Bsk2t6fug5DYTzW --> ccollectables
https://blockchain.info/address/1Lo3F2oD8hoh5Bs8tHPmfkZnWuZtW2Jrvz

BurtW has been *ahem* involved in some interesting stuff. I know he was one of the big passthroughs in the Pirate@40 Ponzi. I didn't know he was involved in this though. I know Bruno was raising a stink about being ripped off by Davout. The little side scams here are too involved for me to keep track of them all. Peter Lambert was teasing me about not accepting btc from someone here. I told him, I don't deal with anyone from this forum because I don't have time to keep up on who's fucking who.
legendary
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.

Someone mentioned that when I brought this up on  ccollectables' scam accusation thread. https://bitcointalksearch.org/topic/phinnaeus-gage-aka-bruno-kucinskas-debt-paid-7192014-667460

Debt has been fully repaid and then some as of 7/19/2014.  Thank you BurtW and I hope that all is well with you Phinnaeus Gage aka ~Bruno Kucinskas.

Proof of repayment.

Payment from Burt W -

https://blockchain.info/tx/85ccd860bb65b9c0283b96afecd15d887a0c5d23272e95d50b592042ba1ce1c1

Additional payment received with public note "ROI on $2,800, with apologies." -

https://blockchain.info/tx/32cd9e5c707563ccf476296a4447ed90c0687aa3607e1469c46f58e2e35873a2

Tbh.. I'm not buying it.

So why did BurtW become involved ?

And... Was BTC from the creativex scam used as the "additional payment" ?

Aug 13/ 2013
creativex sent 130 BTC to 1LgHznJ5dnHNsSSiSSfS35yCm1nceLnv3n.
https://blockchain.info/tx/386fdf20caeb9dbf971ded41a6a28a4f60297d2673d4393c2c3b08d522243758

Later that day, 105 of that was sent to 1EyRGV8LPXHvvujAZfN8hiDMom8yoGsHot.
https://blockchain.info/tx/e0183bb6919f381e1513ce4713a559e1960d0753398c4f1f8638a5a5a68d5f3f

Sept 2/ 2013
1EyRGV8LPXHvvujAZfN8hiDMom8yoGsHot --> 1ENkdLoM6P8XRSJZ881Bsk2t6fug5DYTzW
https://blockchain.info/tx/95867ce9dad0881c83068e03decc0b97aa8a8cb20b90d17595c88c2fcebf4b76

July 19/ 2014
1ENkdLoM6P8XRSJZ881Bsk2t6fug5DYTzW --> ccollectables
https://blockchain.info/address/1Lo3F2oD8hoh5Bs8tHPmfkZnWuZtW2Jrvz
legendary
Activity: 1680
Merit: 1035
Are you the official advocate of this dipshit?



Not at all. I've met the guy, and like him, but am in no way associated with him. I'm just an official advocate of not being a moron. Also, it's interesting that you think if an 18 yo has sex with a 17 yo, that makes him a pedo  Tongue

The solution exists since two years and is named Ripple.
Ripple may still be controversial due to the initial distribution of its native currency but at least it's not associated with child abuse.

Isn't Ripple, like, dead now? And how can you set up atomic transactions with the thing if it's not blockchain based (actually, I hang out with A LOT of bitcoiners at the DC and Baltimore meetups, and at various bitcoin conferences, and I don't know anyone who uses Ripple. Maybe they all keep it as a personal shameful secret?).
And guilt by association is not guilt. Sorry.
hero member
Activity: 770
Merit: 500
Quote from: Rassah link=tpic=684336.msg7764726#msg7764726 date=1404979116
Crosspost from Reddit, because holyshit guys! You've really been falling apart in the last few weeks! And why the fuck am I the only one to realize the following?



We need a decentralized exchange! First step? Get USD into a digital decentralized form!

Remember the years worth of calls for a decentralized exchange? This call-to-action was raised every time an exchange collapsed somewhere, whether due to bank closures, or owners disappearing with people's money. Many attempts were made at this, yet, so far, none are functional or useful.
The solution exists since two years and is named Ripple.
Ripple may still be controversial due to the initial distribution of its native currency but at least it's not associated with child abuse.
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