Topic: Retracted previous statements :) (Read 13141 times)

Quote from: iluvpie60 on April 30, 2014, 02:00:11 PM

Quote from: Dr.Zaius on April 20, 2014, 12:25:22 AM

Bitcoin 100k is impossible.

You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.

Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.

Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.

Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.

Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.

You can make your own physical currency as well, just smelt some copper and other cheap metals and mint it in a nice coin that does not already exists. But that doesn't mean your coin will gain any use, nor will it compete with the dollar.

Just like Altcoins will not gain traction and they will not undermine bitcoin.

Also we are right on the long term trend line. It has been stagnant for months before. It's just the calm before the storm.

Actually you CANNOT make your own physical currency, direct violation of the law in the U.S. and you will go to jail for it. Google it.

^^ Lives in US, assumes everyone else does. Your laws mean fuck all outside America, google it!

US laws are (unfortunately) enforced all over the world. Google it!

Let me help you:

MEGA/Kim Dotcom
Gary McKinnon

g4c

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Activity: 98

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Quote from: Amph on May 22, 2014, 04:03:56 PM

banks could control bitcoin in the future, they could offer security against fraud/thieves but in exchange you must deposit into their "wallet", the majority of the people in the world will follow this way, they are to lazy to secure their wallet themselves, they want everything ready to use and 100% secure

Indeed, in fact that's how banking evolved historically;

Goldsmiths had a secure vault to hold their metal, villagers would pay a small fee to the goldsmith if he kept their modest holdings in his safe.

The goldsmith would issue a certificate with fine wax seal and signiature for proof of holdings.

After a while the goldsmiths realised that the villagers never all withdrew at once, so he began to use a small amount of their gold to finance traders in the form of loans, he collected some of the traders profits as interest on the loan.

But what about the villagers now, well they were happy as long as they could collect their gold with their certificates.

Trouble only happened if all villagers tried to withdraw at once only to find the safe a little short. After a few goldsmiths got killed, the goldsmiths started to cover each others asses, if a smith from one village had a mass withdrawal then the other smiths would cover it.

Then over the years the banking industry evolved to what it is now.

There's no reason that bitcoin won't become the same.

However we can rest easy knowing that the fiat game is not possible with Bitcoin. Luckily Bitcoin can progress no futher than a fractional reserve system (like Bretton Woods).

iluvpie60

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Activity: 700

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Quote from: iluvpie60 on April 30, 2014, 02:00:11 PM

Quote from: Dr.Zaius on April 20, 2014, 12:25:22 AM

Bitcoin 100k is impossible.

You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.

Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.

Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.

Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.

Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.

You can make your own physical currency as well, just smelt some copper and other cheap metals and mint it in a nice coin that does not already exists. But that doesn't mean your coin will gain any use, nor will it compete with the dollar.

Just like Altcoins will not gain traction and they will not undermine bitcoin.

Also we are right on the long term trend line. It has been stagnant for months before. It's just the calm before the storm.

Actually you CANNOT make your own physical currency, direct violation of the law in the U.S. and you will go to jail for it. Google it.

^^ Lives in US, assumes everyone else does. Your laws mean fuck all outside America, google it!

Go make a physical currency in another country then and let me know how it goes rofl.

Amph

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Activity: 3206

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banks could control bitcoin in the future, they could offer security against fraud/thieves but in exchange you must deposit into their "wallet", the majority of the people in the world will follow this way, they are to lazy to secure their wallet themselves, they want everything ready to use and 100% secure

greenlion

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Activity: 667

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Quote from: ShameOnYou on May 22, 2014, 01:33:27 PM

Quote from: ChrisML on May 22, 2014, 01:31:59 PM

Wheres this cunt called fonzie?

Prob crying in his parents basement room due to the cause of shorting.

Wait for a little dip back under 500, I think he will be back in full force!! Honestly the guy kind of cracks me up.

Eyyyyyy

He's too busy right now fomenting Bitstamp FUD to weigh in on this kind of stuff.

g4c

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Activity: 98

Merit: 10

Quote from: bitcoinsrus on May 22, 2014, 01:39:45 PM

Quote from: g4c on May 22, 2014, 01:36:21 PM

Quote from: bitcoinsrus on May 22, 2014, 01:28:02 PM

Quote from: g4c on May 22, 2014, 01:36:21 PM

...fate of JFK, he was shot shortly before announcing a move that would be to the detriment of the federal reserve bank, not a conspiracy theory, publicly available facts...

Can you provide a link to the public available facts thing you mentioned (or just tell me what to google)?

http://en.wikipedia.org/wiki/Executive_Order_11110

Of course in that wikipedia article they say any relation to the assasination is a conspiracy, but just follow the yellow brick road (gold) to get to the truth.

Thanks, appreciated.

No worries, I was wrong, he actually signed off 11110 shortly before his death, the order remained on the books but subsequent administrations were never aligned to use it anyway, it enabled government to take over monetary issuance and policy during any time of emergency. 11110 was eventually removed by Reagan during a quiet "clean up" operation of old orders.

bitcoinsrus

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Activity: 518

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Quote from: bitcoinsrus on May 22, 2014, 01:28:02 PM

Quote from: bitcoinsrus on May 22, 2014, 01:28:02 PM

...fate of JFK, he was shot shortly before announcing a move that would be to the detriment of the federal reserve bank, not a conspiracy theory, publicly available facts...

Can you provide a link to the public available facts thing you mentioned (or just tell me what to google)?

http://en.wikipedia.org/wiki/Executive_Order_11110

Of course in that wikipedia article they say any relation to the assasination is a conspiracy, but just follow the yellow brick road (gold) to get to the truth.

Thanks, appreciated.

g4c

member

Activity: 98

Merit: 10

Quote from: ChrisML on May 22, 2014, 01:31:59 PM

...fate of JFK, he was shot shortly before announcing a move that would be to the detriment of the federal reserve bank, not a conspiracy theory, publicly available facts...

Can you provide a link to the public available facts thing you mentioned (or just tell me what to google)?

http://en.wikipedia.org/wiki/Executive_Order_11110

Of course in that wikipedia article they say any relation to the assasination is a conspiracy, but just follow the yellow brick road (gold) to get to the truth.

ShameOnYou

full member

Activity: 238

Merit: 100

Wheres this cunt called fonzie?

Prob crying in his parents basement room due to the cause of shorting.

Wait for a little dip back under 500, I think he will be back in full force!! Honestly the guy kind of cracks me up.

Eyyyyyy

ChrisML

sr. member

Activity: 308

Merit: 250

Wheres this cunt called fonzie?

Prob crying in his parents basement room due to the cause of shorting.

bitcoinsrus

hero member

Activity: 518

Merit: 500

Quote from: JimboToronto on May 22, 2014, 11:33:51 AM

Quote from: Ed4252 on April 30, 2014, 02:08:50 PM

Lives in US, assumes everyone else does. Your laws mean fuck all outside America, google it!

I love when people talk about The Government as if it meant something.

Even within an individual country various governments can be conflicting. Cannabis may be decriminalized in several US states but that doesn't mean that the feds can't charge people.

Governments are just a bunch of goofy politicians and civil servants. It's interpretation by the courts that really matters.

For small time things ( like cannabis law ) you are right.

But for big things, like monetary policy, even national governments are only a subset of the complete organisation.

Governments have to follow the designated path for monetary policy, or else suffer the fate of JFK, he was shot shortly before announcing a move that would be to the detriment of the federal reserve bank, not a conspiracy theory, publicly available facts.

I assume many speak of "the government" as being the highest level of political organisation, but governments do answer to higher entities. Hence some speak of "the powers that be" or "the system" etc.

The FED has nothing to do with the US government really, it is a completely private commercial entity that charges the government ( via citizen taxation ) for its operation.

Can you provide a link to the public available facts thing you mentioned (or just tell me what to google)?

g4c

member

Activity: 98

Merit: 10

In the g4c chart, can you tell me approximately what date that triangle ends?

Back in march 31st I said June 1st ± 1 month:
https://bitcointalksearch.org/topic/m.5993664

I still think we have a few weeks before lift off, a good chance it will continue to trend up until then.

g4c

member

Activity: 98

Merit: 10

Quote from: JimboToronto on May 22, 2014, 11:33:51 AM

Lives in US, assumes everyone else does. Your laws mean fuck all outside America, google it!

I love when people talk about The Government as if it meant something.

Even within an individual country various governments can be conflicting. Cannabis may be decriminalized in several US states but that doesn't mean that the feds can't charge people.

Governments are just a bunch of goofy politicians and civil servants. It's interpretation by the courts that really matters.

For small time things ( like cannabis law ) you are right.

But for big things, like monetary policy, even national governments are only a subset of the complete organisation.

Governments have to follow the designated path for monetary policy, or else suffer the fate of JFK, he was shot shortly before announcing a move that would be to the detriment of the federal reserve bank, not a conspiracy theory, publicly available facts.

I assume many speak of "the government" as being the highest level of political organisation, but governments do answer to higher entities. Hence some speak of "the powers that be" or "the system" etc.

The FED has nothing to do with the US government really, it is a completely private commercial entity that charges the government ( via citizen taxation ) for its operation.

JimboToronto

legendary

Activity: 3990

Merit: 4460

You're never too old to think young.

Lives in US, assumes everyone else does. Your laws mean fuck all outside America, google it!

I love when people talk about The Government as if it meant something.

Even within an individual country various governments can be conflicting. Cannabis may be decriminalized in several US states but that doesn't mean that the feds can't charge people.

Governments are just a bunch of goofy politicians and civil servants. It's interpretation by the courts that really matters.

bitcoinsrus

hero member

Activity: 518

Merit: 500

Quote from: iluvpie60 on April 30, 2014, 02:00:11 PM

Quote from: Dr.Zaius on April 20, 2014, 12:25:22 AM

Bitcoin 100k is impossible.

You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.

Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.

Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.

Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.

Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.

You can make your own physical currency as well, just smelt some copper and other cheap metals and mint it in a nice coin that does not already exists. But that doesn't mean your coin will gain any use, nor will it compete with the dollar.

Just like Altcoins will not gain traction and they will not undermine bitcoin.

Also we are right on the long term trend line. It has been stagnant for months before. It's just the calm before the storm.

Actually you CANNOT make your own physical currency, direct violation of the law in the U.S. and you will go to jail for it. Google it.

^^ Lives in US, assumes everyone else does. Your laws mean fuck all outside America, google it!

LOL

kehtolo

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Activity: 707

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Quote from: iluvpie60 on April 30, 2014, 02:00:11 PM

Quote from: Dr.Zaius on April 20, 2014, 12:25:22 AM

Bitcoin 100k is impossible.

You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.

Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.

Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.

Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.

Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.

You can make your own physical currency as well, just smelt some copper and other cheap metals and mint it in a nice coin that does not already exists. But that doesn't mean your coin will gain any use, nor will it compete with the dollar.

Just like Altcoins will not gain traction and they will not undermine bitcoin.

Also we are right on the long term trend line. It has been stagnant for months before. It's just the calm before the storm.

Actually you CANNOT make your own physical currency, direct violation of the law in the U.S. and you will go to jail for it. Google it.

^^ Lives in US, assumes everyone else does. Your laws mean fuck all outside America, google it!

btc-owl

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Shall we buy btc today?

iluvpie60

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Quote from: Ed4252 on April 30, 2014, 02:08:50 PM

In the g4c chart, can you tell me approximately what date that triangle ends?

It ends tomorrow.

Ed4252

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In the g4c chart, can you tell me approximately what date that triangle ends?

iluvpie60

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