Why Bitcoin is doomed to fail, and there's nothing you can do about it. - page 13.

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: MikeyVeez on December 18, 2013, 07:46:26 AM

Ohh man love it. OPs Point #1 coming to frutition it never seems to amaze to see bitcointards get crushed and reveal their utter stupidity.

Fincen going after businesses:

http://www.zerohedge.com/news/2013-12-17/us-treasurys-financial-crimes-enforcement-network-reaching-out-bitcoin-businesses

China bans deposits:

http://www.zerohedge.com/news/2013-12-18/bitcoin-crashes-after-china-bans-new-btc-deposits-pboc-gets-ddosed-retaliation

Europe starting to tax it and highly regulate it. Bitcointards we ride!

Oh I thought Europe goverments call out anarchy and now they want to regulate Bitcoin and tax capital gains? Man, if only someone had told me that earlier...

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: dorcorax on December 15, 2013, 02:46:11 PM

Actually I was wondering, what if some beneficiary of current system buys all BTC and destroys his hard drive? Wouldn't it mean that BTC is lost?

That is a valid point. The same flaw has gold. What if someone buy all gold and destroys it with some acid?
-> keep your hands aways from gold! Angry

silverfuture

legendary

Activity: 947

Merit: 1008

central banking = outdated protocol

Quote from: tompa555 on December 18, 2013, 10:09:07 AM

Why did BTC fall so much last 24 hours ?

Because this thread. Thanks OP, you broke bitcoin.

tompa555

member

Activity: 84

Merit: 10

Why did BTC fall so much last 24 hours ?

taltamir

full member

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Merit: 100

Quote from: JohnyBigs on December 17, 2013, 08:41:13 PM

It's very hard for them to adopt Bitcoin, as they won't have control over the value of it, meaning the 1% won't be billionaires and trilliionaires. Hence it won't likely be adopted, unless they pass so many regulations and laws, that basically converts it into a centralized controlled protocol. Meaning there is no set number of coins anymore but they could create as many as they want.

Basically if it is adopted it's going to be so different from Bitcoin it won't even matter, it will just be their digital fiat equivalent.

I remember when it was the 10% and millioneres. Now its the 1% and billioneres and its just as retarded. News flash, there is not a giant conspiracy comprised of 7.2 million people.

There are a plethora very small groups of corrupt individuals who make small straightforward conspiracies (eg, I support bills that benefit you, you donate to my reelection), they are closer to 1% of 1% of 1% in terms of quantity (that is 0.0001%), but not in terms of wealth bracket. That is, while very wealthy (thanks to their stealing of taxpayer funds) they cannot be automatically located by simply looking at a list of the wealthiest and say "aha! Everyone above X wealth is a crook"

marcotheminer

legendary

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┴puoʎǝq ʞool┴

Quote from: JohnyBigs on December 15, 2013, 02:19:23 PM

Quote from: dewdeded on December 15, 2013, 02:16:27 PM

How can u be a Senior Member with activity of 224 and post such bullshit?

Embarrassing.

Why is it bullshit? Because it attacks your precious feeble coin? Does the truth hurt you? Does it make you cry?

If i coukd id give you biggest high five right now! Couldnt agree more haha.

MikeyVeez

full member

Activity: 896

Merit: 102

Ohh man love it. OPs Point #1 coming to frutition it never seems to amaze to see bitcointards get crushed and reveal their utter stupidity.

Fincen going after businesses:

http://www.zerohedge.com/news/2013-12-17/us-treasurys-financial-crimes-enforcement-network-reaching-out-bitcoin-businesses

China bans deposits:

http://www.zerohedge.com/news/2013-12-18/bitcoin-crashes-after-china-bans-new-btc-deposits-pboc-gets-ddosed-retaliation

Europe starting to tax it and highly regulate it. Bitcointards we ride!

JohnyBigs

sr. member

Activity: 560

Merit: 250

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: drgyoza on December 16, 2013, 06:59:53 PM

Quote from: Lauda on December 16, 2013, 06:50:22 PM

Yup it is bad news. Finished? No.

Just adding a zest of drama

You're spreading FUD, that's all that you're doing.

Blackswan122

newbie

Activity: 56

Merit: 0

Quote from: jeppe on December 17, 2013, 04:45:19 AM

bitcoin is the first of its kind and will not last forever. Some other decentralised currency will take over at some point.

I think you only posted this comment in the hope that people click on your referral link for Primedice!.....Am I right?

jeppe

sr. member

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bitcoin is the first of its kind and will not last forever. Some other decentralised currency will take over at some point.

tclo

hero member

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Merit: 500

Quote from: MikeyVeez on December 17, 2013, 02:02:25 AM

The Government doesn't need to do anything because the real world does not give a shit about Bitcoin. They ridicule it and mock it.

wrong

MikeyVeez

full member

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The Government doesn't need to do anything because the real world does not give a shit about Bitcoin. They ridicule it and mock it.

BorderBits

sr. member

Activity: 275

Merit: 250

lol! OP is so wrong. bitcoin will actually fail cuz

and all the pedophiles don't help either...

taltamir

full member

Activity: 196

Merit: 100

So... how come everyone is ignoring the 51% attack issue?
Not a single refutation for it yet, I reraised it in an earlier post and that was ignored.

Quote from: zimmah on December 16, 2013, 06:17:00 PM

The endless printing of money is the fuel they need to bribe politicians and to enslave most of humanity by providing them jobs that require them to spent most of their time at a job they hate, being controlled by a manager they don't like. The 1% easily controls pretty much everyone because when you own pretty much all corporations, you control pretty much everyone.

Simple math shows that its more like 0.001%. Cronyism is a huge problem, and its nice that we got over the stupid "hurr hurr the top 10% of income earners are ALL EVILLLLL!L!!L" but replacing that 10% rhetoric drek with 1% is not better. It isn't how much wealth you have its how you get it. Some get it via being a creator who makes something people want. Others get it by being parasites associated with a government. Those parasitic robbber barons who are getting fat on the blood they suck from the common man via taxation and redistribution are the ones who invented and spout that rhetoric about the so called "1%" and their so called "punish the rich" schemes are actually "suck more blood of the middle class to make us even richer."

Quote from: eXme on December 16, 2013, 05:55:47 PM

To make Bitcoin illegal, USA need to bomb some of their civilians again. message tv and say that terract was paid with bitcoin and we cant track who did it, that is all. thats is the way for big countries to achieve what they want..

Please tell me you aren't referring to the nonsense 9-11 conspiracy theory that the USA was behind the bombing of the twin towers?

dewdeded

legendary

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Monero Evangelist

Quote from: ?? on ??

Whats the economic incentive to use bitcoin?

What is bitcoin used for ? Its use has been mostly for drug transactions and other black market activities.

It has not been transformed into a currency that compete with the power that a state has.

If you don't believe in BTC and can't see the potential to change the world and make this earth a better place: then just log off and go away. Troll elsewhere. Good bye.

drgyoza

newbie

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