Facts point to this yet to be realized one they didn't teach you how to connect the dots in grade school? lol I guess it's not your fault, contextual awareness of knowledge isn't really on the curriculum
keep resorting to person attacks to those who oppose your view since you have no other alternative. also keep ignoring any risk in your assumptions and only focus on the imagined reward. as your "analysis" has realized you great rewards so far right?
you're trying to attack my credibility as a result of not being able to defend your own misguided speculation. i'm not taking anything personally, as i have nothing invested in bitcoin and your opinions hold no ground. you on the otherhand can only pray to break even. i accept your defeat. there is no need to continue this conversation as you keep resorting to petty personal attacks.
In any financial system, there are always the pump and dumpers and the early founders that will benefit from everyone buying in. And then in this specific case there are the crazy ancaps.. There are a bunch of crazies on r/bitcoin Its not just GanjaRocket.
this thread title should be changed to 'what does ganjarocket think about bitcoin?' hashtag wallet scam boy
IBM's executive blockchain architect, Richard G Brown probably got hired for his terrible opinions, right? <iframe width="560" height="315" src="https://www.youtube.com/embed/gERNbqUNMm4" frameborder="0" allowfullscreen></iframe>
Prolonged chemical dependency to mar1juana alters the brain into a permanent state of mild psychosis in which paranoia and delusion are very prevalent in every day thinking.
I've actually written several articles about bitcoin and other cryptocurrencies, and interviewed Gavin Andresen (the CSO for the Bitcoin Foundation). I feel like I've learned a lot from that. I think those ridiculing bitcoin in its current form don't have a greater understanding of the technological shift that is happening here. The cryptographic advances that underpin the blockchain are a tectonic shift in how to think about transferring value and trust across a decentralized peer-to-peer network. They allow you to trust others with financial transactions without a financial intermediary. For people asking to rein in the excessive stagnant financial-legal-accounting quandary that passes for an "economy", this is a massive step in the right direction. The fact that cryptocurrencies are based on open source software is a complete rethinking of how economic systems are currently organized in proprietary buckets and a direct rebuke to the question "can we do better"--well, "we can certainly try, there is a path forward". New technologies always go through glitches and pitfalls as they push us furiously forward. It's only natural that a few things break along the way. Making fun of bitcoin is a bit like making fun of Apple when it was Jobs and Woz in a garage stealing phone signals. If the current implementation is flawed, the technology behind it will eventually reshape how we think about finance--and for the better. In fact, it already has.
To get a sense of the people behind the bitcoin community: http://www.wired.com/2014/08/hal-finney/ Fran Finney says that her husband had no illusions about the certainty of his resurrection. But until his final moments, he put his faith in the progress of technology. “He never said to me, ‘I will come back.’ But he told me, ‘I hope to be back,'” Fran says. “Hal liked the present. But he looked towards the future. He wanted to be there. And this is his way to get there.” If you've heard of Tor and PGP, it's because-- http://www.tomshardware.com/news/nsa-resistant-open-source-tools,28273.html
I'm so addicted to weed and bitcoin someone get me rehab and fiat pronto! ! Burn my private keys I'm done with this life! Churchfans the bbs is my savior!!!!
Repost, but yall need a reminder. Marc A is smarter than all of us, including me. <img src =https://pbs.twimg.com/media/B6nLylfCYAEl17M.png:large>
People aren't making fun of Bitcoin - they are making fun of the Bitcoin fanatics who can't see any potential risks or downsides and claim that, no matter what news comes out, it's always good bitcoin. Price goes down? Buying opportunity! Price goes up? See, everyone loves it! Beyond that, when one repeatedly makes predictions and is consistently incorrect, the rational thing would be to reevaluate your basis for making predictions - but no. Or if you claim you have no idea what the price will do in the short term, the smart thing to do would not be to make absolutist claims about short-term price movements. None of these things suggest a well thought out position or solid analysis. There are many Bitcoin supporters in this thread making rational, logical arguments. Commodore, who I disagree with on just about everything, has been great in this thread. Others, not so much.
Satoshi designed the system for speculation first in order for it to scale and gain the critical mass required to create and maintain new infrastructure on top of the original code and for the blockchain to be safe: can't really argue against that tactic given how much attention bitcoin has received--like look at this thread go. The fact that some speculators are one-track minded idiots isn't exactly surprising or bitcoin-specific. How do we explain every bubble in the world?
he designed the system to incentivize more initial computing power to secure the network (by providing larger initial rewards), to the point where now the blockchain is unalterable
you just said what I said on a higher technical level unrequired for this forum---lollllll, expanding a bit more into how the blockchain is now "safe"--though the real pie is in the whitepaper and the math within the code. to incentivize more initial computing power to secure the network (by providing larger initial rewards) = designed the system for speculation where now the blockchain is unalterable = safe If you want to talk secp256k1 we can: just not here.
