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Topic: Stop your BTC cheerleading and mass delusion and face the reality - page 6. (Read 10165 times)

sr. member
Activity: 476
Merit: 250
Spot on, OP.

Of course, the cultists and bulltards will continue trying to lure in newbies to increase their own chance to make a profit on this MLM scheme. But there's no denying that Bitcoin will only go down in the long term, even if it somehow were able to perform another DCB to $400 or slightly above in the near to medium term.

However, I still think BTC will continue -- for several years -- having utility as a payment method on the deep web, for the purchase of illegal goods and services. But it doesn't need to be valued in the triple digits for that to be the case, and it'll most likely reach single digits sometime in 2015 or 2016 at the very latest. In the long term, another cryptocurrency (or a more advanced technology) will replace BTC as the dominant payment method on the deep web as well.

sr. member
Activity: 378
Merit: 254
...
Please find a flaw in this: I can send $1B with a fee of 40 cents or less.
Now go contact WU and ask them how much that would cost.  Roll Eyes

WU?  You mean Western Union?  To transfer a billion dollars?  Only on this forum, folks Roll Eyes

My bank charges me nothing for the transactions I make, it costs me nothing to write a check, it costs me nothing to use a debit card.
So if this billion-dollar transfer is a payment for a BTCeanie BTCaby, it would cost me exactly 40 cents less than a BTC transfer.

So now you know.
Stop trolling. I paid $25 to transfer $100 once via Western Union.
You pay a fee with banks as well, stop selling a fake story.

Of course you did.  And I've paid $50 for a coke.  There are stupid ways of sending money, and they are expensive.  Western Union is not how normal fiat transactions are done.  Certainly not how a billion-dollar transaction would be done.  If you know someone who tried to send a billion dollars via WU, give me his addy--I got some Bitcoin to sell him Smiley

If your bank charges you for writing checks and using a debit card, I suspect you have stumbled upon a fiat equivalent of Neo Bee.
full member
Activity: 154
Merit: 100
The argument: are people who are currently on this forum/using bitcoin not part of the 'broad population'?

Absolutely not. You are delusional males.

A superior math-based currency that can't be printed or counterfeited doesn't make us delusional.  Yes, the majority of bitcoin users are male.  Your point?

You chopped off the part where I wrote goldbug delusion and high tech envy.

Your delusion is you grasp on to the slogans and concepts, without analysing the technical details which elucidate the delusion.

For example, goldbugs have never understood that gold was always a fiat, because the public can always loan fractional reserve units that are denominated in gold. And Gresham's Law states that bad money drives good money out-of-circulation, thus the more debased form of gold (or Bitcoin) will always drive the less debased form out-of-circulation.

As for math, see my prior post point about Metcalf's law and off chain. Etc, etc, etc. I have made so many math arguments that elucidated the delusion (in my archives and AnonyMint's archives), and I am not going to repeat them all again.
full member
Activity: 154
Merit: 100
Please find a flaw in this: I can send $1B with a fee of 40 cents or less.

That is not a use case for the broad population. For the broad population there is no use case, other than as a get rich speculation.

SWIFT has no broad use case either by that idiotic logic.

I said broad POPULATION use case. Can't you read?
full member
Activity: 154
Merit: 100
when you realise that people prefer choices and freedoms then you will understand that bitcoin gives an extra choice.

bitcoin is actually far different than what fiat is, in many many ways. bitcoin also offers abilities and strengths that gold cannot offer. it offers many abilities that paypal, mastercard, western union, bank accounts, bank notes cannot offer. and im not even talking about anonymity.

In theory yes Bitcoin offers autonomy.

The problem is it all breaks down at the choke point of the miners. Unfortunately.

But! To actually regulate the miners requires global cooperation of governments! So Bitcoin will force governments to accede to a global authority.

So yes, Bitcoin is unique and will have a role to play. But it will not achieve the outcome of the idealist delusion.

It will remain more of a speculation than a paradigm shift for transactions or decentralized finance, because for example to get fast transactions will require off chain, but off chain doesn't scale with Metcalf's Law, i.e. network effects are not the square of the number of users. Off chain fragments the userspace. Btw, this is a math argument, so make sure any rebuttal grasps that.

But Bitcoin is showing the way for an altcoin to provide what Bitcoin doesn't. This is the black swan possibility.


lastly if anyone is shouting that bitcoin is dead and will only be worth 1cent soon. how about you sell me 1bitcoin for 1c now and put your money where your mouth is. i dare you to sell me 1000 bitcoins for $10. until you are willing to do such a thing, your points are meaningless

I did not agree with that point of the OP. So I do not disagree with you on that point.
legendary
Activity: 2674
Merit: 2965
Terminated.
...
Please find a flaw in this: I can send $1B with a fee of 40 cents or less.
Now go contact WU and ask them how much that would cost.  Roll Eyes

WU?  You mean Western Union?  To transfer a billion dollars?  Only on this forum, folks Roll Eyes

My bank charges me nothing for the transactions I make, it costs me nothing to write a check, it costs me nothing to use a debit card.
So if this billion-dollar transfer is a payment for a BTCeanie BTCaby, it would cost me exactly 40 cents less than a BTC transfer.

So now you know.
Stop trolling. I paid $25 to transfer $100 once via Western Union.
You pay a fee with banks as well, stop selling a fake story.

Please find a flaw in this: I can send $1B with a fee of 40 cents or less.

That is not a use case for the broad population. For the broad population there is no use case, other than as a get rich speculation.

SWIFT has no broad use case either by that idiotic logic.
Exactly.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Please find a flaw in this: I can send $1B with a fee of 40 cents or less.

That is not a use case for the broad population. For the broad population there is no use case, other than as a get rich speculation.

SWIFT has no broad use case either by that idiotic logic.
hero member
Activity: 674
Merit: 500
The argument: are people who are currently on this forum/using bitcoin not part of the 'broad population'?

Absolutely not. You are delusional males.

A superior math-based currency that can't be printed or counterfeited doesn't make us delusional.  Yes, the majority of bitcoin users are male.  Your point? When was the last time a majority of females ever accomplished anything whatsoever? Other than bullshit liberty-curtailing no-fun-allowed groups like MADD cunts


Men are superior to women in every way, shape and form.  Just like bitcoin is superior to every bullshit fiat currency.

If women could into math/technology or basic fucking individual freedoms, bitcoin would be a monster right now. 
legendary
Activity: 4270
Merit: 4534
those arguing that bitcoin doesnt have a unique purpose that differs from other currencies.. please understand that FIAT no matter what country you live in, is the SAME!. it does not have any unique features differing each other.

so ask yourself if you can do everything with the dollar, that you can also do with a euro... why isnt everyone using the euro.

mastercard, american express and visa are all the same. the method of payment is no different. so ask yourself if everything can be done with mastercard, why does visa, american express exist.

western union.. blah blah... why does moneygram exist.
t-mobile blah blah.. why does vodaphone exist.
pepsi blah blah why does cocacola exist.
Mcdonalds blah blah why does burgerking exist.
budweiser blah blah why does miller/coors exist.

again dollar blah blah why does euro, pound, yuan, ruble, mpesa, peso, exist.

staying on the currency topic lets talk about global reach. the american dollar has ben literally FIGHTING for global dominance for well over 100 years, but only 320million people use it daily. thats not even 5% world adoption, so anyone defending and trying to talk people into staying with the dollar.. well it is obvious that they have an agenda..

when you realise that people prefer choices and freedoms then you will understand that bitcoin gives an extra choice.

bitcoin is actually far different than what fiat is, in many many ways. bitcoin also offers abilities and strengths that gold cannot offer. it offers many abilities that paypal, mastercard, western union, bank accounts, bank notes cannot offer. and im not even talking about anonymity.

i personally do not care about the price.. it has been days since i checked the price, and even though i hold lots of bitcoins, the price rises or drops do not matter to me one bit. as i can see the potential and future of bitcoin. that said if bitcoin was to drop to 1c i could loose hundreds of thousands of dollars of value.. but that does not phase me as im not in it for the fiat wealth or fiat retirement. once you get passed measuring bitcoin vs fiat and actually use bitcoin properly you will see what it can do for many people. without actually requiring world domination.

bitcoin doesnt need billions of users to be a success, like i said the dollar only has 320million regular users and people hail the dollar as a success.. (i am laughing while writing that statement as i think american government is delusional about its power)

lastly if anyone is shouting that bitcoin is dead and will only be worth 1cent soon. how about you sell me 1bitcoin for 1c now and put your money where your mouth is. i dare you to sell me 1000 bitcoins for $10. until you are willing to do such a thing, your points are meaningless.
legendary
Activity: 1512
Merit: 1000
Yes. We're with you Charlie. Future is bitcoin!

Sounds legit.
full member
Activity: 154
Merit: 100
Please find a flaw in this: I can send $1B with a fee of 40 cents or less.

That is not a use case for the broad population. For the broad population there is no use case, other than as a get rich speculation.

Use cases?

1. Remittances -- very low fees compared to 10-15% of companies like western union
2. Self storage - Your accounts are not able to be "frozen" by 3rd parties
3. Portability -- You can travel to any country and immediately use your bitcoins without needing to transfer funds from one bank to another or pay additional currency exchange fees. If you tried to travel with a suitcase of cash you'd soon be broke/robbed
4. Not able to be used in Bail-ins: Example Cyprus stealing money from large account holders to bail-in their banks. And actually the G20 just agreed that bail-ins should be used before bail-outs by the IMF or the central banks....we are going to see a lot more bank failures and bail-ins in the near future
5. Known inflation/emission rate. : Take notice of argentina, or the QE in USA
6. the list goes on and on but if your too lazy to look them up then I'm going to stop here.

1. Convert to and from fiat is the same or more fees, plus much more hassle in many scenarios.
2. Just wait until the KYC regulations on the miners come once most of the users are accessing Bitcoin through Paypal and Coincase and other centralized choke points.
3. You need to convert to fiat before you can use it.
4. Ditto #2.
5. Bitcoin can be debased just like gold was debased in the 1800s, via fractional reserve loans denominated in BTC. Gresham's Law insures the public will adopt the most debased unit.
6. The longer your list, the more proof you provide that I am correct.

1. Pay with bitcoin you nerd.
2. Maybe they are initially buying bitcoin through a company like coinbase, but then just move it off coinbase. A smart bitcoiner would never leave a large amount of bitcoin on a centralized service, especially after the Mt. Gox problem
3. See #1. Are you mentally delayed? -- And if your argument is "well not everywhere accepts bitcoins and keeps them!" that is why were are in the adoption phase and I'm proud of that fact Cheesy
4. Nope, you can never take someones bitcoin as a bail-in. If I could I'd own all of satoshi's coins right now Smiley
5. Yes there could be a fractional reserve and they would need a very small margin otherwise face quick collapse. But that still prevents endless money printing.
6. The more you argue the point, the more obvious it is that you know very little about bitcoin.

Evidence of delusion. Thanks.
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
Please find a flaw in this: I can send $1B with a fee of 40 cents or less.

That is not a use case for the broad population. For the broad population there is no use case, other than as a get rich speculation.

Use cases?

1. Remittances -- very low fees compared to 10-15% of companies like western union
2. Self storage - Your accounts are not able to be "frozen" by 3rd parties
3. Portability -- You can travel to any country and immediately use your bitcoins without needing to transfer funds from one bank to another or pay additional currency exchange fees. If you tried to travel with a suitcase of cash you'd soon be broke/robbed
4. Not able to be used in Bail-ins: Example Cyprus stealing money from large account holders to bail-in their banks. And actually the G20 just agreed that bail-ins should be used before bail-outs by the IMF or the central banks....we are going to see a lot more bank failures and bail-ins in the near future
5. Known inflation/emission rate. : Take notice of argentina, or the QE in USA
6. the list goes on and on but if your too lazy to look them up then I'm going to stop here.

1. Convert to and from fiat is the same or more fees, plus much more hassle in many scenarios.
2. Just wait until the KYC regulations on the miners come once most of the users are accessing Bitcoin through Paypal and Coincase and other centralized choke points.
3. You need to convert to fiat before you can use it.
4. Ditto #2.
5. Bitcoin can be debased just like gold was debased in the 1800s, via fractional reserve loans denominated in BTC. Gresham's Law insures the public will adopt the most debased unit.
6. The longer your list, the more proof you provide that I am correct.

1. Pay with bitcoin you nerd.
2. Maybe they are initially buying bitcoin through a company like coinbase, but then just move it off coinbase. A smart bitcoiner would never leave a large amount of bitcoin on a centralized service, especially after the Mt. Gox problem
3. See #1. Are you mentally delayed? -- And if your argument is "well not everywhere accepts bitcoins and keeps them!" that is why were are in the adoption phase and I'm proud of that fact Cheesy
4. Nope, you can never take someones bitcoin as a bail-in. If I could I'd own all of satoshi's coins right now Smiley
5. Yes there could be a fractional reserve and they would need a very small margin otherwise face quick collapse. But that still prevents endless money printing.
6. The more you argue the point, the more obvious it is that you know very little about bitcoin.
sr. member
Activity: 378
Merit: 254
...
Please find a flaw in this: I can send $1B with a fee of 40 cents or less.
Now go contact WU and ask them how much that would cost.  Roll Eyes

WU?  You mean Western Union?  To transfer a billion dollars?  Only on this forum, folks Roll Eyes

My bank charges me nothing for the transactions I make, it costs me nothing to write a check, it costs me nothing to use a debit card.
So if this billion-dollar transfer is a payment for a BTCeanie BTCaby, it would cost me exactly 40 cents less than a BTC transfer.

So now you know.
full member
Activity: 154
Merit: 100
every time the price of BTC goes down, people like OP invade the forum with their bullshit.

Every time the price of BTC goes up, people like OP look at the price, seething with rage, foaming at the mouth, wishing they invested earlier.

Indeed. The use case of Bitcoin is a speculation bubble.
hero member
Activity: 674
Merit: 500
every time the price of BTC goes down, people like OP invade the forum with their bullshit.

Every time the price of BTC goes up, people like OP look at the price, seething with rage, foaming at the mouth, wishing they invested earlier.
full member
Activity: 154
Merit: 100
Please find a flaw in this: I can send $1B with a fee of 40 cents or less.

That is not a use case for the broad population. For the broad population there is no use case, other than as a get rich speculation.

Use cases?

1. Remittances -- very low fees compared to 10-15% of companies like western union
2. Self storage - Your accounts are not able to be "frozen" by 3rd parties
3. Portability -- You can travel to any country and immediately use your bitcoins without needing to transfer funds from one bank to another or pay additional currency exchange fees. If you tried to travel with a suitcase of cash you'd soon be broke/robbed
4. Not able to be used in Bail-ins: Example Cyprus stealing money from large account holders to bail-in their banks. And actually the G20 just agreed that bail-ins should be used before bail-outs by the IMF or the central banks....we are going to see a lot more bank failures and bail-ins in the near future
5. Known inflation/emission rate. : Take notice of argentina, or the QE in USA
6. the list goes on and on but if your too lazy to look them up then I'm going to stop here.

1. Convert to and from fiat is the same or more fees, plus much more hassle in many scenarios.
2. Just wait until the KYC regulations on the miners come once most of the users are accessing Bitcoin through Paypal and Coincase and other centralized choke points.
3. You need to convert to fiat before you can use it.
4. Ditto #2.
5. Bitcoin can be debased just like gold was debased in the 1800s, via fractional reserve loans denominated in BTC. Gresham's Law insures the public will adopt the most debased unit.
6. The longer your list, the more proof you provide that I am correct.
legendary
Activity: 2632
Merit: 1040
I want to send you some shit in anonymous way http://www.shitexpress.com/?language=en

Bitcoin is not anonymous. I already had this argument with franky1 and I will not repeat it. Refer to my archive of posts.

Yes it is, if you don't have a correspondence with Who I Am and my address i'm 100% anonymous.

Oh, i think you're the first/second account of SamTsuedo right? Lol  Grin Grin
full member
Activity: 154
Merit: 100
I want to send you some shit in anonymous way http://www.shitexpress.com/?language=en

Bitcoin is not anonymous. I already had this argument with franky1 and I will not repeat it. Refer to my archive of posts.
full member
Activity: 154
Merit: 100
The argument: are people who are currently on this forum/using bitcoin not part of the 'broad population'?

Absolutely not. You are delusional males with goldbug tendencies (which is another delusion) and high tech envy (most of you can't build, so you pontificate).

And you force yourself to use Bitcoin because of your delusion, even trying to find ways to force unnatural use it for your pregnant wife's term. And your use of Bitcoin as a speculation far outweighs your forced unnatural use of it as a transaction currency.

If not, are you trying to say that I'm intelligent or special in some way?  Smiley

Yes, you are delusional.
legendary
Activity: 2632
Merit: 1040
Quote
More unsubstantiated posts. You provide no argument.

No problem.

I Want to send some money to anyone in the world and be sure that this person receive them in near 10 minutes.

I want to send you some shit in anonymous way http://www.shitexpress.com/?language=en

I want to pay for porn undetected

I don't need to pay % fees to my bank only for transferring money (95% of FIAT are virtual, only data on computers)

My bank (or part of it) is inside my home/on my smarthone

No BCE/FED printing money and manage them, BTC is a transparent system, no trick.

I need to continue?  Wink

Quote
Fact is that money transfer still requires the sender and the recipient to cash in and cash out in fiat

False. Many people trade only with BTC, no need to change to Fiat.


Man..........i don't have understand NOTHING about BTC. But we are here to teach you.
Once upon a time i was a noob like you...........don't worry  Grin Grin
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