Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31791.

ag@th0s

full member

Activity: 202

Merit: 100

Quote from: oda.krell on November 22, 2013, 10:36:27 AM

Quote from: Richy_T on November 22, 2013, 10:30:09 AM

Quote from: gandhibt on November 22, 2013, 07:59:49 AM

This loan thing is depending what is the situation. It's dumb to say that investing loaned money is absolutely wrong or that it's right. Many people spend rest of their lives in debt hell and investing some of that to bitcoin might be the way to get rid of that debt. There's risk but you have to calculate those risks based on your situation.

When you're in a hole, dig faster?

Better analogy: when you're in a hole, get some explosives. They might blow you to pieces, but maybe real world physics = FPS engine physis and you can rocket jump out of that hole Cheesy

seriously though, I don't see a difference in principle between not investing more than you can afford and not taking a loan higher than you can afford. If he knows he can repay the loan within tolerable living conditions in case his investment fails, it's not necessarily an irrational choice.

I could afford the loan out of my current monthly salary if I gave up alcohol and went onto a brown rice diet for a year. Plenty of options and not all of them include halitosis

Nemesis

sr. member

Activity: 462

Merit: 250

Quote from: Rampion on November 22, 2013, 12:11:14 PM

Quote from: Coinseeker on November 22, 2013, 11:59:09 AM

Quote from: Rampion on November 22, 2013, 11:56:50 AM

I'm having a deja-vu of the conversations we had in the Summer.

Coinseeker said BTC was doomed, that it was a joke, and that the future was Ripple. He said that BTC was a bad investment compared to Ripple.

We all know how that played out. BTC price surged 7 times and XRP has lost 12 times its value against BTC.

Well played, Coinseeker Wink

Ripple remains the future and XRP is holding quite stable verses the dollar. Obviously verses BTC it's higher, because BTC is worth more now. Genius. Roll Eyes

And it was well played because I always kept BTC. Wink

So BTC is/was the worst investment ever and was doomed to fail but STILL you "always kept BTC". Mmm... So basically you were just trolling?

Cool story.

There are tons of members here having agenda..... we know it when they spread BS. Thats why i ignored Coinseeker long time ago.

ag@th0s

full member

Activity: 202

Merit: 100

Quote from: Rampion on November 22, 2013, 10:48:33 AM

You don't buy groceries with gold neither.

This.

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: Rampion on November 22, 2013, 12:11:14 PM

Quote from: Coinseeker on November 22, 2013, 11:59:09 AM

Quote from: Rampion on November 22, 2013, 11:56:50 AM

I'm having a deja-vu of the conversations we had in the Summer.

Coinseeker said BTC was doomed, that it was a joke, and that the future was Ripple. He said that BTC was a bad investment compared to Ripple.

We all know how that played out. BTC price surged 7 times and XRP has lost 12 times its value against BTC.

Well played, Coinseeker Wink

Ripple remains the future and XRP is holding quite stable verses the dollar. Obviously verses BTC it's higher, because BTC is worth more now. Genius. Roll Eyes

And it was well played because I always kept BTC. Wink

So BTC is/was the worst investment ever and was doomed to fail but STILL you "always kept BTC". Mmm... So basically you were just trolling?

Cool story.

Quote where I said, "Bitcoin was/is the worst investment ever." And it's still possible for Bitcoin to fail, so don't get too arrogant. It's all still speculation.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Coinseeker on November 22, 2013, 11:59:09 AM

Quote from: Rampion on November 22, 2013, 11:56:50 AM

I'm having a deja-vu of the conversations we had in the Summer.

Coinseeker said BTC was doomed, that it was a joke, and that the future was Ripple. He said that BTC was a bad investment compared to Ripple.

We all know how that played out. BTC price surged 7 times and XRP has lost 12 times its value against BTC.

Well played, Coinseeker Wink

Ripple remains the future and XRP is holding quite stable verses the dollar. Obviously verses BTC it's higher, because BTC is worth more now. Genius. Roll Eyes

And it was well played because I always kept BTC. Wink

So BTC is/was the worst investment ever and was doomed to fail but STILL you "always kept BTC". Mmm... So basically you were just trolling?

Cool story.

cfrm

full member

Activity: 171

Merit: 100

Class article answering the foolish 'Bitcoin is like Segway'-article. http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/22/no-bitcoin-isnt-like-a-segway/

BRADLEYPLOOF

hero member

Activity: 520

Merit: 500

Quote from: ag@th0s on November 22, 2013, 12:06:17 PM

Quote from: gandhibt on November 22, 2013, 10:40:21 AM

Quote from: Richy_T on November 22, 2013, 10:30:09 AM

Quote from: gandhibt on November 22, 2013, 07:59:49 AM

This loan thing is depending what is the situation. It's dumb to say that investing loaned money is absolutely wrong or that it's right. Many people spend rest of their lives in debt hell and investing some of that to bitcoin might be the way to get rid of that debt. There's risk but you have to calculate those risks based on your situation.

When you're in a hole, dig faster?

Maybe you can do a 180 curve while digging and get out of that hole.

You can't get out of a hole by digging - you need to find something that is about to defy gravity to lift you out

What if you dug sideways at a gentle upward trajectory? Or dug out stairs?

ag@th0s

full member

Activity: 202

Merit: 100

Quote from: gandhibt on November 22, 2013, 10:40:21 AM

Quote from: Richy_T on November 22, 2013, 10:30:09 AM

Quote from: gandhibt on November 22, 2013, 07:59:49 AM

This loan thing is depending what is the situation. It's dumb to say that investing loaned money is absolutely wrong or that it's right. Many people spend rest of their lives in debt hell and investing some of that to bitcoin might be the way to get rid of that debt. There's risk but you have to calculate those risks based on your situation.

When you're in a hole, dig faster?

Maybe you can do a 180 curve while digging and get out of that hole.

You can't get out of a hole by digging - you need to find something that is about to defy gravity to lift you out

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: adamstgBit on November 22, 2013, 11:59:00 AM

after 6 confermation

i dont give a shit if your a scammer, ill give you the PPUSD

Yeah you do that. The rest of the world has shit to do. "6 confirmations?" Loco! Grin

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

The blocksize issue is one huge ceteris paribus fallacy.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: Rampion on November 22, 2013, 11:56:50 AM

I'm having a deja-vu of the conversations we had in the Summer.

Coinseeker said BTC was doomed, that it was a joke, and that the future was Ripple. He said that BTC was a bad investment compared to Ripple.

We all know how that played out. BTC price surged 7 times and XRP has lost 12 times its value against BTC.

Well played, Coinseeker Wink

Ripple remains the future and XRP is holding quite stable verses the dollar. Obviously verses BTC it's higher, because BTC is worth more now. Genius. Roll Eyes

And it was well played because I always kept BTC. Wink

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

Quote from: Coinseeker on November 22, 2013, 11:54:28 AM

Quote from: adamstgBit on November 22, 2013, 11:53:04 AM

Ripple is based on trust. it will fail.

All transactions are based on trust. Since mankind first began bartering.

after 6 confermation

i dont give a shit if your a scammer, ill give you the PPUSD

Pruden

hero member

Activity: 496

Merit: 500

Spanish Bitcoin trader

Quote from: phoenix1 on November 22, 2013, 11:56:06 AM

Quote from: Richy_T on November 22, 2013, 11:32:58 AM

Quote from: phoenix1 on November 22, 2013, 11:26:42 AM

As I understand it, the payment processors referred to in the video would handle smaller value transactions at a rate much faster than 7tps, which would then be added to the blockchain by the payment processor.
I am not a techy, so my understanding may be incorrect, but this is how I understood it.
Perhaps there is someone more qualified on hand who could explain how this would work.

I am also speculating that it is exactly this kind of 'bolt on' service that is part of the planned evolution of Bitcoin and why we see VC money coming in now.

Basically a fancy escrow service. Which is what banks and the credit card companies are at the moment in certain aspects.

So,in theory, could this kind of service be offered to the general public at a price that undercuts CC's and banks and makes the 7tps and the blockside limit non-issues ?

Everyone thinks off-chain payment processors will be created on their own. The question is, are they being created?

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: adamstgBit on November 22, 2013, 11:53:04 AM

Quote from: Coinseeker on November 22, 2013, 11:48:47 AM

Quote from: Boxman90 on November 22, 2013, 11:24:28 AM

Quote from: Coinseeker on November 22, 2013, 11:20:19 AM

There's honestly no reason to be bearish on Bitcoin, for any reason, except the centralization of Bitcoin. (Which seems they are proposing) The only thing required to overcome the 1mb limit and maintain it, is to increase off blockchain transactions. This is what Ripple is for and will allow Bitcoin transactions with virtually no limit.

Though Ripple is centralized - does this not beat the purpose of Bitcoin entirely? In essence we'll have created a commodity like gold, but NOT a currency.

Even if Ripple were centralized, which it's not, it doesn't defeat the purpose at all. Because the Ripple protocol is about transactions, not storing Bitcoins with no counter-party risk. If you buy a Gyft card, you have to send BTC to Bitpay, a centralized company. Is that an issue for you? Using Ripple gateways is the same as this or any exchange. Frankly at this point, it's not worth spelling out further because soon most consumers will be utilizing the Ripple network and won't even know it. The point in my original comment was, there's already a working protocol that solves this. That's why diehard Bitcoiners created Ripple, they knew the limitation of the Bitcoin payment network. So, 7tps is not a reason to be bearish, centralization by the Bitcoin devs, would be however.

Ripple is based on trust. it will fail.

I'm having a deja-vu of the conversations we had in the Summer.

Coinseeker said BTC was doomed, that it was a joke, and that the future was Ripple. He said that BTC was a bad investment compared to Ripple.

We all know how that played out. BTC price surged 7 times and XRP has lost 12 times its value against BTC.

Well played, Coinseeker Wink

phoenix1

hero member

Activity: 798

Merit: 1000

Quote from: Richy_T on November 22, 2013, 11:32:58 AM

Quote from: phoenix1 on November 22, 2013, 11:26:42 AM

As I understand it, the payment processors referred to in the video would handle smaller value transactions at a rate much faster than 7tps, which would then be added to the blockchain by the payment processor.
I am not a techy, so my understanding may be incorrect, but this is how I understood it.
Perhaps there is someone more qualified on hand who could explain how this would work.

I am also speculating that it is exactly this kind of 'bolt on' service that is part of the planned evolution of Bitcoin and why we see VC money coming in now.

Basically a fancy escrow service. Which is what banks and the credit card companies are at the moment in certain aspects.

So,in theory, could this kind of service be offered to the general public at a price that undercuts CC's and banks and makes the 7tps and the blockside limit non-issues ?

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: adamstgBit on November 22, 2013, 11:53:04 AM

Ripple is based on trust. it will fail.

All transactions are based on trust. Since mankind first began bartering.

gambitv

full member

Activity: 196

Merit: 100

OK, time to dampen this party, let some people get on the train.

Quote from: YoYa on November 21, 2013, 06:10:26 PM

(BTCBTCBTC) (BTCBTCBTCBTCBTC)
(BTCBTC) (BTCBTCBTCBTCBTCBTCBTC) (BTCBTCBTCBTCBTCBTCBTC)
(BTCBTCBTCBTCBTCBTCBTC) (BTCBTCBTCBTCBTC) (BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC)
(BTCBTCBTC) (BTCBTCBTCBTCBTCBTCBTC) (BTCBTCBTCBTCBTCBTC) (BTCBTCBTC)
(BTCBTCBTCBTCBTCBTC) (BTCBTCBTCBTCBTCBTC) (BTC)
(BTCBTCBTC) (BTCBTCBTCBTC) (BTCBTC)
(BTCBTC) (BTCBTCBTC)
.-.
] [ .-. _ .-----.
." """" """""" """"| .--`
(:--:--:--:--:--:--:--:-| [___ .------------------------.
|BTC : : : : : : [_9_] |'='|.----------------------.|
/|.___________________________|___|'--.___.--.___.--.___.-'|
/ ||_.--.______.--.______.--._ |---\'--\-.-/==\-.-/==\-.-/-'/--
/__;^=(==)======(==)======(==)=^~^^^ ^^^^(-)^^^^(-)^^^^(-)^^^ jgs
~~~^~~~~^~~~^~~~^~~~^~~~^~~~^~~~^~~~^~~~^~~~^~~~^~~~^~~~^~~~^~~~^~~~

Check this out on reddit - Bitcoin Was Created By DARPA

TL;DR bitcoin is a global digital currency, regulation was created in tandem with development and adoption, bitcoin is not and never was meant to be a liberty promoting value exchange. There is no "satoshi". The central banks are already the largest holders of bitcoin. Bitcoin IS going to the moon because of this.

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

Quote from: Coinseeker on November 22, 2013, 11:48:47 AM

Quote from: Boxman90 on November 22, 2013, 11:24:28 AM

Quote from: Coinseeker on November 22, 2013, 11:20:19 AM

There's honestly no reason to be bearish on Bitcoin, for any reason, except the centralization of Bitcoin. (Which seems they are proposing) The only thing required to overcome the 1mb limit and maintain it, is to increase off blockchain transactions. This is what Ripple is for and will allow Bitcoin transactions with virtually no limit.

Though Ripple is centralized - does this not beat the purpose of Bitcoin entirely? In essence we'll have created a commodity like gold, but NOT a currency.

Even if Ripple were centralized, which it's not, it doesn't defeat the purpose at all. Because the Ripple protocol is about transactions, not storing Bitcoins with no counter-party risk. If you buy a Gyft card, you have to send BTC to Bitpay, a centralized company. Is that an issue for you? Using Ripple gateways is the same as this or any exchange. Frankly at this point, it's not worth spelling out further because soon most consumers will be utilizing the Ripple network and won't even know it. The point in my original comment was, there's already a working protocol that solves this. That's why diehard Bitcoiners created Ripple, they knew the limitation of the Bitcoin payment network. So, 7tps is not a reason to be bearish, centralization by the Bitcoin devs, would be however.

Ripple is based on trust. it will fail.

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: Boxman90 on November 22, 2013, 11:24:28 AM

Quote from: Coinseeker on November 22, 2013, 11:20:19 AM

There's honestly no reason to be bearish on Bitcoin, for any reason, except the centralization of Bitcoin. (Which seems they are proposing) The only thing required to overcome the 1mb limit and maintain it, is to increase off blockchain transactions. This is what Ripple is for and will allow Bitcoin transactions with virtually no limit.

Though Ripple is centralized - does this not beat the purpose of Bitcoin entirely? In essence we'll have created a commodity like gold, but NOT a currency.

Even if Ripple were centralized, which it's not, it doesn't defeat the purpose at all. Because the Ripple protocol is about transactions, not storing Bitcoins with no counter-party risk. If you buy a Gyft card, you have to send BTC to Bitpay, a centralized company. Is that an issue for you? Using Ripple gateways is the same as this or any exchange. Frankly at this point, it's not worth spelling out further because soon most consumers will be utilizing the Ripple network and won't even know it. The point in my original comment was, there's already a working protocol that solves this. That's why diehard Bitcoiners created Ripple, they knew the limitations of the Bitcoin payment network. So, 7tps is not a reason to be bearish, centralization by the Bitcoin devs, would be however.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31791. (Read 26720468 times)