Topic: Was Bitcoin actually just a Pump and Dump? - page 11. (Read 45023 times)

and so? this isn't the point,  it doesn't change that the bitcoin tech can be used for something else other than money, it doesn't matter how gold can have more differents use(or its uses are vastly different from trading to something else), compared to bitcoin tech, if the latter can still have more than one use


again you are diverting your speech, the fact that miners are not happy, does not mean nothing, my whole point is that it can be used for something different than trading, is this so hard to understand

i think yes, in your case, because, the one that not understands is you and not i

and again has nothing to do with the risk or anything involved, it is simply possible to build it, you are just raising other random concerns that has nothing to do with what we were talking about at the beginning

but i can simply respond to your question with, why not? every company is taking big risks nowadays this isn't any different...


well that was just an example of another possible use, my main point was toward the blockchain

and see above, you are still the one that are turning the conversation around, with something that again has nothing to do with our first quote

if you are deliberately diverting the conversation , only to stretch it more, and claim to be right , then we can close this now

He might have miscalculated his expenditure, I do not know how he calculated his loss and profit, Better he would take some guidance to got to understand the whole investment procedures, Once upon a time Bitcoin value is 260$, if that scenario happens once again, he will be the most luckiest person in this world, to achieve that he should wait patiently or try to get marginal profit.

Besides that, the first link that you provided as a proof of your point (and thought so cool about) actually talks about using the Bitcoin protocol (and implementing an independent blockchain), not existing Bitcoin blockchain (which serves only as an example). So who is actually turning the conversation in whose favor?


As an aside, however persuading that may sound, this is still no more than usual business hype

I guess, using gold for an investment as a precious metal (a sort of money) is quite different to using it in, say, electronics in comparison to expanding the Bitcoin blockchain functionality, on the other hand


You still lack proper understanding

Firstly, if someone develops something on top of the Bitcoin blockchain, using the existing infrastructure for his purposes (whatever they might be), the miners may not be quite happy with that (with all ensuing consequences thereby). Secondly, if this new development has nothing to do with the Bitcoin main functionality (that of a payment system), which is what your point is about (since you are "not talking about a decentralized payment"), then the success of it will, nevertheless, ultimately depend on the Bitcoin success as the payment system (miners opinion ignored here). So the question is, why would anyone want to risk into this?

well my first post of all this debating was talking about the technology sorrounding bitcoin, i never said that you need to use bitcoin protocol, and what is the problem of using existing infrastructure and decentralize stuff on top of it? this is exactly how it can be enhanced

the whole discussion started because gold can be used for something else other than trading, the same can be said about the technology of bitcoin, the blochchain(it can be used to add something on top of it), simply as that, it does not matter if you use the appearance of something for which it was built(decentralization), the point is that it can be useful for something else based trading


It looks like you're turning the conversation in your favor....

I wasn't talking either, but you seem to have failed to understand where I was getting at. Using the Bitcoin blockchain is not the same as using the Bitcoin protocol. If you are using the former you are using the existing infrastructure, that is, that of the Bitcoin decentralized payment system (with all its nodes and miners), whether you like it or not. That would be parazitising on it...

i was not talking about a decentralized payment, but about decentralize everything by using the blockchain, this is one of the ways that you can implement something into the blockchain, there aren't others why, it's obvious that the only thing the blockchain can offer is the the most important aspect of it, namely the decentralization

like the gold, the only thing he can offer is the possibility to build stuff with it....

It doesn't matter what your opinion is, what matters is a viable implementation of some useful technology based on the Bitcoin protocol (beyond that of a decentralized payment system we already have) and which wouldn't be parazitising on the existing implementation (that of Bitcoin). Your only example is just that, a parasite...

You may call me a troll as much as you please, but this won't change the facts by any means

I must admit the bitcoin exhange rate looks a bit like those shitty altcoin.
First very low price, jump when hit major exhange, hype, and then dead cat bounce.
But I don't think bitcoin was a pump and dump, if that is so, then would Mr. Satoshi have dumbt at 1200 USD. But bitcoin is not over yet, we will still see 1000 USD again... just a matter of time.

No,Bitcoin never was pump and dump it was created for some very serious purposes but these were and are people who sometimes loses patience and dump their holdings for little profits.This should be traded to maintain the price and increase it value so both trade and holding a combination is needed.

naming something cool, doesn't have anything to do with what you are saying or thinking, it just my opinion on that particular subject, and the fact that you don't care about it, doesn't makes those things less useful, and unlike you, i actually care, about implementing gaming on the blockchain

i think you are just trolling to be honest

Cool, cool, cool... Do you think that naming something "cool" would lure someone into it? These "projects" look more like jokes than real developments. The first link is actually a blog post, the second about some obscure game where you can trade what is called "cards" through the blockchain (nice feature indeed, as a proof of concept, (ab)using the blockchain signed messaging), though the game itself has nothing to do with either Bitcoin or its blockchain (it has been released in 2009)...

Surely not something that I would care about

this is a cool project http://joel.mn/post/103546215249/the-blockchain-application-stack

basically turning everything on internet(like virtual storage) into decentralized application, you can build a freenet alike thing in top of the blockchain

it would be cool to have something like amazon c2 but in its decentralized version, so provided by the nodes

or another example is in the gaming industry, integrating it in the blockchain http://www.newsbtc.com/2015/04/26/blockchain-gaming-moonga/

what is really cool about this is the fact that you can be sustained by many nodes(which continue to expand the network every day) that have far more power than any centralized service, that you can find on the web

while gold can offer a physical impact other than a mere value based on its chart, bitcoin can offer a virtual impact, with its technology

both are more than just a trading assets

It's a free market, pumps and dumps are included altogether

And what exactly can I do with the blockchain technology, which would make my life easier but requires a lot of money invested? Why don't you just provide an example? I guess you are just making unsubstantiated claims in the vain hope that I will take your words at their face-value...

No, I don't buy pigs in pokes

the benefits are there, you don't need to know it, it is all written on the internet, there are many attempts to use the blockchain not just as a public ledger, everyone know it, current problems has nothing to do with that, they are affecting bitcoin only not its technology

i'm talking about what you can do with the blochchain technology

Wtf, they can't even deal with existing problems (e.g. high transaction confirmation times, block size limits, and whatnot), let alone add new really useful features that could potentially make your claims somewhat less irrelevant (e.g. integrate the concept of decentralized exchange into the Bitcoin protocol)...

So you don't know what benefits Bitcoin provides (beside being a vehicle for speculation and gambling) that are worthy pouring money at. Should I remind you how little time it took till Bitcoin established itself in online gambling, trading and scamming?

There are heaps of money searching for an investment opportunity across the globe, but this has nothing to do with pipe dreams and wishful thinking, sorry

because you need money to make that happen, some companies are moving in that way, you just have to be patient...i guess those that say that people here have no patience, are right after all...

moreover bitcoin is still viewed as a risky environment

I'm really fascinated at the amount of wishful thinking and pipe dreaming going on here. What exactly does it have to offer, and why is it not here already if it does make my (or anyone else's) life easier or better?

In short, if you're so smart, why are you so poor?