Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27532.

dreamspark

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Quote from: JorgeStolfi on May 28, 2014, 11:19:05 AM

Me: "Goevernments can effectively ban bitcoin, see China for example."
Them: "Bitcoin is like the internet, it will find a way around any obstacle."

Bad example, try torrents or something closer in anology to decentralization

Quote from: JorgeStolfi on May 28, 2014, 11:19:05 AM

Me: "Bitcoins may be scarce, but there are plenty of cyptocoins with equivalent or better protocols"
Them: "Cryptocoins will die and bitcoin will not."

The very best will likely be used in some situatioins as well. But network effect, first mover effect etc
Also if a country decides to print more money does that devalue my currency in my country?

Quote from: JorgeStolfi on May 28, 2014, 11:19:05 AM

Me: "Bitcoin is now more prone to theft and fraud than credit cards, see the numbers."
Them: "Bitcoin will be much safer when it matures."

Isn't that logical due to most the thefts, scams etc being because of 0 regulation rather than the bare minimum at least.

Quote from: JorgeStolfi on May 28, 2014, 11:19:05 AM

Me: "Mining is already concentrated in a few companies, they may form a cartel and become like the bankers."
Them: "It is a free market so that will not happen."

This is agree with you more on, thats why I have my coins already, first movers advantage etc.

Quote from: JorgeStolfi on May 28, 2014, 11:19:05 AM

Me: "The Satoshi 2009 blockchain already assigns XX% of all the money to a few thousand people."
Them: "Wealth distribution will improve with time."

How many people do you think who mined in 2009,20010, 2011 even 2012 still have all the coins they mined/bought now? Satoshis mined 1 million don't foget.

Adrian-x

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Quote from: JorgeStolfi on May 28, 2014, 11:26:55 AM

Quote from: TakeTheSkyRoad on May 28, 2014, 09:43:52 AM

Imagine a room full of people, not a big room (a large garage maybe) and they and cooperating to build something.

I don't think that is a good analogy for this thread...

Rather, a bar where a couple hundred random football fans are watching a game on TV and betting on it? Wink

Oh yes the unfair drinking game analogy. At least in you're analogy there is a winner. I don't follow sport it's a distraction from the game of Bitcoin, but yes I see your point.

Jorge, I think your conclusions are posted earlier are wrong. "Them" whoever them is has been distilled to a point of ignorance. I'm sure if you looked hard you can find a Keynesian who has a rebuttal to each point that concerns you.

oda.krell

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Quote from: soullyG on May 28, 2014, 12:03:10 PM

Quote from: oda.krell on May 28, 2014, 11:05:32 AM

Quote from: dreamspark on May 28, 2014, 10:54:50 AM

Jesus fucking christ I'd rather read about China banning bitcoin and be inundated with bear fud than read 5 pages all about our resident academic.

Can we move on... Please ?!

While I agree ^Jorge with you in _{Jorge Stolfi} principle, it is ^{Jorge Jorge Jorge} important to reme_{Jorge ^Stolfi}mber that we are morally obliged to JORGE JORGE JORGE

Well that's not very subt- ALL GLORY TO THE HYPNOJORGE!

I refuse to partake in such nons- ALL GLORY HYPNOJORGE!

soullyG

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Activity: 1011

Merit: 721

Decentralize everything

Quote from: oda.krell on May 28, 2014, 11:05:32 AM

Quote from: dreamspark on May 28, 2014, 10:54:50 AM

Jesus fucking christ I'd rather read about China banning bitcoin and be inundated with bear fud than read 5 pages all about our resident academic.

Can we move on... Please ?!

While I agree ^Jorge with you in _{Jorge Stolfi} principle, it is ^{Jorge Jorge Jorge} important to reme_{Jorge ^Stolfi}mber that we are morally obliged to JORGE JORGE JORGE

Well that's not very subt- ALL GLORY TO THE HYPNOJORGE!

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

wachtwoord

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Activity: 2324

Merit: 1125

By the way, last week we went up in the weekend and stayed flat during the week. That's different

bitcoinsrus

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Quote from: badpeanut on May 28, 2014, 11:32:46 AM

Quote from: wachtwoord on May 28, 2014, 11:30:55 AM

Quote from: badpeanut on May 28, 2014, 11:29:37 AM

Hey guys, what happen if we hit 50k+ per coin. Does the mining fees still stand at 0.0001 btc or does it get lowered during time?

It's getting lowered all the time.

In the end the miners will decide the prices in the open market

Ok thx, i tho so, seems weird if it hit 1mil per coin and the fees is 100 bux per transaction Cheesy

still better than the transaction fees of the future Wink

Blue

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Activity: 270

Merit: 250

with this hesitant run up I will change my strategy to

LODL !!!

Laugh out loud [and DUMP inbetween] !!!

wachtwoord

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Activity: 2324

Merit: 1125

Quote from: akujin on May 28, 2014, 11:38:19 AM

Haha btce needs backup... Where are the whales? Grin

Their support line got breached Grin

Well, someone will start arbitraging if the delta with stamp becomes too large.

akujin

sr. member

Activity: 336

Merit: 250

Haha btce needs backup... Where are the whales? Grin

Their support line got breached Grin

badpeanut

sr. member

Activity: 341

Merit: 251

Karma is a Btc

Quote from: wachtwoord on May 28, 2014, 11:30:55 AM

Quote from: badpeanut on May 28, 2014, 11:29:37 AM

Hey guys, what happen if we hit 50k+ per coin. Does the mining fees still stand at 0.0001 btc or does it get lowered during time?

It's getting lowered all the time.

In the end the miners will decide the prices in the open market

Ok thx, i tho so, seems weird if it hit 1mil per coin and the fees is 100 bux per transaction Cheesy

wachtwoord

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Activity: 2324

Merit: 1125

Quote from: badpeanut on May 28, 2014, 11:29:37 AM

Hey guys, what happen if we hit 50k+ per coin. Does the mining fees still stand at 0.0001 btc or does it get lowered during time?

It's getting lowered all the time.

In the end the miners will decide the prices in the open market

badpeanut

sr. member

Activity: 341

Merit: 251

Karma is a Btc

Hey guys, what happen if we hit 50k+ per coin. Does the mining fees still stand at 0.0001 btc or does it get lowered during time?

JorgeStolfi

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Activity: 910

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Quote from: TakeTheSkyRoad on May 28, 2014, 09:43:52 AM

Imagine a room full of people, not a big room (a large garage maybe) and they and cooperating to build something.

I don't think that is a good analogy for this thread...

Rather, a bar where a couple hundred random football fans are watching a game on TV and betting on it? Wink

Bitcopia

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Activity: 715

Merit: 500

Quote from: oda.krell on May 28, 2014, 11:05:32 AM

Quote from: dreamspark on May 28, 2014, 10:54:50 AM

Jesus fucking christ I'd rather read about China banning bitcoin and be inundated with bear fud than read 5 pages all about our resident academic.

Can we move on... Please ?!

While I agree ^Jorge with you in _{Jorge Stolfi} principle, it is ^{Jorge Jorge Jorge} important to reme_{Jorge ^Stolfi}mber that we are morally obliged to JORGE JORGE JORGE

Why is Jorge even here? If he has purely academic interest in Bitcoin with no actual bitcoin holdings, then WTF is he doing posting the speculation sub-forum of bitcointalk.org? Huh

Nobody posts anything even remotely academic here, including the self-proclaimed professor.

adamstgBit

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Trusted Bitcoiner

BTC-e holding us back...

RandomPedestrianN9

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Quote from: JorgeStolfi on May 28, 2014, 11:19:05 AM

Quote from: Cassius on May 28, 2014, 08:29:50 AM

Look, the thing is that although you make some useful points, and you are consistently polite in doing so, you are becoming increasingly strident. The fact that you very selectively choose what to argue - and a lot of people have made some very good points against some of your mistaken assumptions recently - means that it's not really worth engaging with you. Literally no point, because you appear to ignore anything that doesn't fit with what you already believe and move on.

Obviously I argue while I believe I am right. If a reply is convincing, I let the poster have the last word. Isn't that enough?

But there are MANY reasons why I am skeptical of bitcoin's success, and many of the replies that I get are not only unconvincing, thet are just countering facts with statements of faith:

Me: "Goevernments can effectively ban bitcoin, see China for example."
Them: "Bitcoin is like the internet, it will find a way around any obstacle."

Me: "Bitcoins may be scarce, but there are plenty of cyptocoins with equivalent or better protocols"
Them: "Cryptocoins will die and bitcoin will not."

Me: "Bitcoin is now more prone to theft and fraud than credit cards, see the numbers."
Them: "Bitcoin will be much safer when it matures."

Me: "Mining is already concentrated in a few companies, they may form a cartel and become like the bankers."
Them: "It is a free market so that will not happen."

Me: "The Satoshi 2009 blockchain already assigns XX% of all the money to a few thousand people."
Them: "Wealth distribution will improve with time."

And so on and on. Obviously I am not convinced by such answers, but how can I argue with statements of faith?

Ban this guy, he is trolling, spreading FUD, flaming and spamming lies.

JorgeStolfi

hero member

Activity: 910

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Quote from: Cassius on May 28, 2014, 08:29:50 AM

Look, the thing is that although you make some useful points, and you are consistently polite in doing so, you are becoming increasingly strident. The fact that you very selectively choose what to argue - and a lot of people have made some very good points against some of your mistaken assumptions recently - means that it's not really worth engaging with you. Literally no point, because you appear to ignore anything that doesn't fit with what you already believe and move on.

Obviously I argue while I believe I am right. If a reply is convincing, I let the poster have the last word. Isn't that enough?

But there are MANY reasons why I am skeptical of bitcoin's success, and many of the replies that I get are not only unconvincing, thet are just countering facts with statements of faith:

Me: "Goevernments can effectively ban bitcoin, see China for example."
Them: "Bitcoin is like the internet, it will find a way around any obstacle."

Me: "Bitcoins may be scarce, but there are plenty of cyptocoins with equivalent or better protocols"
Them: "Cryptocoins will die and bitcoin will not."

Me: "Bitcoin is now more prone to theft and fraud than credit cards, see the numbers."
Them: "Bitcoin will be much safer when it matures."

Me: "Mining is already concentrated in a few companies, they may form a cartel and become like the bankers."
Them: "It is a free market so that will not happen."

Me: "The Satoshi 2009 blockchain already assigns XX% of all the money to a few thousand people."
Them: "Wealth distribution will improve with time."

And so on and on. Obviously I am not convinced by such answers, but how can I argue with statements of faith?

Richy_T

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: ChrisML on May 28, 2014, 11:02:01 AM

These bets people want to make on here.

Does this have something todo with: Look how big my internet cojones are? Enough with the bets, lmfao.

We need break out charts. LOTS of them. in 3.. 2..

Yeah, and it always seems to be really big bets so they can make with some blah-blah-blah as an excuse to back out.

JimboToronto

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You're never too old to think young.

Quote from: dreamspark on May 28, 2014, 10:54:50 AM

Jesus fucking christ I'd rather read about China banning bitcoin and be inundated with bear fud than read 5 pages all about our resident academic.

Can we move on... Please ?!

LOL

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