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Re: Mining hardware comparison
Quote:
Originally Posted by
Blink
Bitcoins is just a way for the cabal to steal the remaining wealth from those holding cash close to the chest. The poor do not matter (Agenda 21). We know the cabal wants a OWG and what better way to get everyone on board is to have "the people" develop a virtual global currency themselves. Can't blame the PTB for something we created, can we? When JFK tried to messy with the money, he ended up dead. When Ghaddfi tried to mess with the dollar, he ended up dead. Saddam went the same route as well. So, what prevented them from knocking off a couple of IT hacks? Nothing. This crypto-currency is being flaunted in the government/banker's faces and nothing is happening. Maybe, they're making a list of those that subscribe to circumventing legal tender laws (FEMA camp membership) or after crashing this (BTC), they'll come up with their own "new and improved" version. You will need power/equipment/internet to run (not very self sufficient to say the least)............ We are being set up.
There is some potential that this is a set up but if so I think it has grown out of their control. The software is open source. Anyone can see the code. Weaknesses are being fixed and competitors are cropping up.
As for lists. I am already on them all if they do exist.
We're not saying that this is the end all be all just another option for those trying to protect themselves from theft of their wealth.
IF it does come down it is more likely to be the result of the inherent weaknesses in the design of bitcoin to be used as a viable currency. Size of blockchain and limited supply are the biggest weaknesses I see.
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Re: The Bitcoin Tracking Thread
The banksters/government indirectly created bitcoin by their stranglehold on the money supply and constant financial abuse of the people of the world. Only a matter of time before someone came up with a solution to the problem they created.
I don't think that bitcoin will always be the ultimate in cryto currencies however. One of the competitors it spawns will be.
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Re: The Bitcoin Tracking Thread
It's at $223 right now for a bitcoin
It's going to continue going up daily. Why? Because it's not that easy to transfer money into bitcoin and it can only be done during business hours when banks are open. Every day starting at about 6 - 7 am eastern time more money flows into bitcoin till it stops flowing in at the end of the day on the west coast. At night there isn't much trading going on because there's a fixed amount of dollars in the system.
Edit: 227.73 and rising
Attachment 4683
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Re: The Bitcoin Tracking Thread
Quote:
Originally Posted by
vacuum
It's at $223 right now for a bitcoin
It's going to continue going up daily. Why? Because it's not that easy to transfer money into bitcoin and it can only be done during business hours when banks are open. Every day starting at about 6 - 7 am eastern time more money flows into bitcoin till it stops flowing in at the end of the day on the west coast. At night there isn't much trading going on because there's a fixed amount of dollars in the system.
Edit: 227.73 and rising
Attachment 4683
So even though it's already up 10x since the beginning of the year, it can really only continue to go up. I think I understand now.
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Re: The Bitcoin Tracking Thread
Quote:
Originally Posted by
Sparky
So even though it's already up 10x since the beginning of the year, it can really only continue to go up. I think I understand now.
Since bitcoins have no intrinsic value, their price can increase unimpeded. The only thing that determines the price is how many dollars/euros/whatever there are that want bitcoins. Because the market cap is only $2 billion or so right now, there are many many dollars/euros/etc left which may want to move into bitcoin. People are just now starting to hear about it.
For example, look at how much the search volume has increased, and look at the country which is doing the searching: russia
http://www.google.com/trends/explore#q=bitcoin
Because of cyprus, russians are learning about bitcoin. The only thing stopping much more money from going into it is that it's new, and it's uncertain whether everything won't somehow go poof. The other thing is it's not too easy to transfer money right now. If you mis-type a single character of the alpha-numeric address you are trying to send your bitcoins to, it's gone permanently. So as tools make it using it more fool-proof, and as the system proves it's robustness, people will move more and more capital into it.
The only thing that's important, which would cause the price to drop, is if the system fails to work as designed. If you can't move money from address A to address B for example. Or if someone could create fake coins. Other than that it's just a book-keeping system that's 100% honest. Why would people abandon this book keeping system as long as it stays honest and is always available?
Make no mistake though, the bankers are really poweful and this is something they'd really hate. So who knows what will happen. There will be some epic price collapses I'm sure due to the heavy handed tactics they will employ. For example, they might confiscate and destroy bitcoins from an exchange. That would hurt the book keeping system. But it won't affect those who hold their own bitcoins.
It will probably be like with physical during a price collapse. You really want to buy some, but you can't, either because the exchange was swat-teamed, or it was outlawed, or whatever.
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Re: The Bitcoin Tracking Thread
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Re: Mining hardware comparison
Quote:
Originally Posted by
Blink
Bitcoins is just a way for the cabal to steal the remaining wealth from those holding cash close to the chest.
How? Bitcoins were developed by the crypto-anarchist community. All money "pumped" into it enriches the anarchist/libertarian movement. Why would they want to make the people who want to destroy them wealthy? Seriously do you understand how much the people who are in the Bitcoin community absolutely hate the NWO/bankers/Rothschilds?
Quote:
Originally Posted by
Blink
This crypto-currency is being flaunted in the government/banker's faces and nothing is happening.
Because they don't know WTF it is. More than half the people on this forum don't know WTF it is, and this is a decent group of very intelligent, awake people. I'm pretty sure the controllers don't know WTF it is either.
They don't know how to shut it down. They know if they talk about it too much more people will get interested and they will lose total power. They have no power over this, other than shutting down exchanges (the current weakness.) This is the tool(s) we need to destroy the bankers once and for all. Their whole system is based on confidence. We have an alternative now and people are moving into that alternative. As time goes on there will be a shift (hopefully). Right now we need education and convince more people to leave the banking system and join the free and decentralized cryptocurrency movement. Prices will stabilize eventually whether its on the upside or downside and more commerce can commence. The price is skyrocketing from new entrants, not by old timers pushing up the price. This is an obvious shift.
Is this a bubble, or the implementation of new technologies? Will it return back to the long term mean?
http://gailtheactuary.files.wordpres...d-fuel-use.png
Quote:
Originally Posted by
Blink
they'll come up with their own "new and improved" version.
The best cryptographers and hackers are almost all anarchists/libertarians. If the bankers/government came out with a cryptocurrency no one would use it, and it wouldn't even work since you need the users confidence for it to work. People who are computer savvy enough to even know what a Bitcoin is aren't dumb enough to trust the government. The people who are using Bitcoin are fully awake on how the banks and governments really work. They know about the Federal Reserve, they know about they Rothschilds, that's why they designed/put faith in the cryptocurrencies to BEGIN with.
Quote:
Originally Posted by
Blink
You will need power/equipment/internet to run (not very self sufficient to say the least)............ We are being set up.
No we aren't. The bankers/government aren't that smart. They are just a 10 year old autistic kid with a printing press. They are not intelligent by ANY stretch. Do you have any idea how hard it is to fuck up and fail when you have a printing press? It's very hard, you pretty much have to try to fail. They can employ intelligent people to help enslave us, but as a whole these people are slow moving, and completely retarded. Imagine trying to go before the Congress and explaining what Bitcoins are, and on top of that what Cryptography is. These people wouldn't and wont get it before it's too late for them. The elites are inbred and completely detached from reality. They will lose their power before they know what hit them. The trick is to not fight on their terms, that's why we ALWAYS fail before. If you fight on their terms by doing things like voting, or using physical violence (which they hold monopolies one) they will win.
You can take Goliath down easily with a very simple weapon, and a well placed shot. Never attack an enemy who is bigger and stronger than you from an angle they expect. Find a weakness, attack them by surprise and watch them fall. We don't have to be slaves anymore. We can be free. There are solutions now with the new technologies that are emerging.
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Re: Mining hardware comparison
Quote:
Originally Posted by
Shami-Amourae
How? Bitcoins were developed by the crypto-anarchist community. All money "pumped" into it enriches the anarchist/libertarian movement. Why would they want to make the people who want to destroy them wealthy? Seriously do you understand how much the people who are in the Bitcoin community absolutely hate the NWO/bankers/Rothschilds?
Because they don't know WTF it is. More than half the people on this forum don't know WTF it is, and this is a decent group of very intelligent, awake people. I'm pretty sure the controllers don't know WTF it is either.
They don't know how to shut it down. They know if they talk about it too much more people will get interested and they will lose total power. They have no power over this, other than shutting down exchanges (the current weakness.) This is the tool(s) we need to destroy the bankers once and for all. Their whole system is based on confidence. We have an alternative now and people are moving into that alternative. As time goes on there will be a shift (hopefully). Right now we need education and convince more people to leave the banking system and join the free and decentralized cryptocurrency movement. Prices will stabilize eventually whether its on the upside or downside and more commerce can commence. The price is skyrocketing from new entrants, not by old timers pushing up the price. This is an obvious shift.
Is this a bubble, or the implementation of new technologies? Will it return back to the long term mean?
http://gailtheactuary.files.wordpres...d-fuel-use.png
The best cryptographers and hackers are almost all anarchists/libertarians. If the bankers/government came out with a cryptocurrency no one would use it, and it wouldn't even work since you need the users confidence for it to work. People who are computer savvy enough to even know what a Bitcoin is aren't dumb enough to trust the government. The people who are using Bitcoin are fully awake on how the banks and governments really work. They know about the Federal Reserve, they know about they Rothschilds, that's why they designed/put faith in the cryptocurrencies to BEGIN with.
No we aren't. The bankers/government aren't that smart. They are just a 10 year old autistic kid with a printing press. They are not intelligent by ANY stretch. Do you have any idea how hard it is to fuck up and fail when you have a printing press? It's very hard, you pretty much have to try to fail. They can employ intelligent people to help enslave us, but as a whole these people are slow moving, and completely retarded. Imagine trying to go before the Congress and explaining what Bitcoins are, and on top of that what Cryptography is. These people wouldn't and wont get it before it's too late for them. The elites are inbred and completely detached from reality. They will lose their power before they know what hit them. The trick is to not fight on their terms, that's why we ALWAYS fail before. If you fight on their terms by doing things like voting, or using physical violence (which they hold monopolies one) they will win.
You can take Goliath down easily with a very simple weapon, and a well placed shot. Never attack an enemy who is bigger and stronger than you from an angle they expect. Find a weakness, attack them by surprise and watch them fall. We don't have to be slaves anymore. We can be free. There are solutions now with the new technologies that are emerging.
Quoted for truth, couldn't of said it better myself. Nice job
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Re: Mining hardware comparison
New all time high: $240
How many days ago did I post a thread about it reaching parity with an ounce of silver at ~ $27?
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Re: The Bitcoin Tracking Thread
Quote:
Originally Posted by
Son-of-Liberty
I don't think that bitcoin will always be the ultimate in cryto currencies however. One of the competitors it spawns will be.
Likely, but I think it will be around for a long time.
The misconception people have with bitcoin is that it's static, and therefore either copies of it can be created or a version 2 will come out and displace it with another crypto currency.
However, new versions of it are being released all of the time. Only the past history and total number of coins remains static. Almost everything else is subject to change: encryption algorithms used, data structures, number of decimal points available, transactions per second allowed by the network, etc. What they call a "hard fork" means that people need to update their clients. It doesn't mean people's balances change.
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Re: The Bitcoin Tracking Thread
Why would Bitcoin curse itself to a death sentence in 2140 then, Shami?
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Re: The Bitcoin Tracking Thread
Quote:
Originally Posted by
Horn
Why would Bitcoin curse itself to a death sentence in 2140 then, Shami?
There is nothing stopping it from working after that date. Miners not only get money from mining coins, but also from collection transaction fees on the transactions they facilitate. Between now and 2140, their revenue will gradually shift from being mostly mined bitcoins into being mostly from transaction fees.
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Re: The Bitcoin Tracking Thread
Quote:
Originally Posted by
Horn
Why would Bitcoin curse itself to a death sentence in 2140 then, Shami?
Unlike the fiat FRN which can be printed into infinity, bitcoins can only be mined until the year 2140 to limit them being inflated. If you still mine for bitcoins after that year. You'll be given transaction fees for securing the ledger and confirming that the coin is authentic.
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Re: The Bitcoin Tracking Thread
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Re: Mining hardware comparison
Quote:
Originally Posted by
Shami-Amourae
The price is skyrocketing from new entrants, not by old timers pushing up the price. This is an obvious shift.
I think that could be it. Bitcoin is proving itself to be a viable alternative to state issued currencies, and with what 1 or maybe 2% of the population even knowing what they are, with every passing day, thousands more enter the bitcoin economy and make the currency more valuable. We are so used to depreciating money (it's all we've ever known) that when an appreciating money comes along we're skeptical that it can't be real! Remember, when the US was on the gold coin standard, the money appreciated every year. You could buy more next year with your gold dollars than you could this year, which is the opposite of our money today.
On the other hand, I can't help but think that this phenominal increase in the trading value for bitcoins is a massive pump and dump courtesy of central bankers around the world. Isn't the Fed permitted to buy any asset it wishes? What if the Fed is simply pumping money via thousands of anonymous exchange accounts into the bitcoin economy? Then once they own a controlling share they can dump it. The longer they maintain the bubble, the more people will be attracted to it, the more people will put their own money in it, and wham! once they dump it, humanity's faith in cryptocurrencies is shattered.
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Re: Mining hardware comparison
Quote:
Originally Posted by
madfranks
humanity's faith in cryptocurrencies is shattered.
Many of us felt that humanities faith in cryptocurrencies was shattered in the 2011 crash of Bitcoin when the price went from $30 to $2. In the larger scale of things all it did was strengthen the fundamentals, shake out weak hands, and send prices to all time highs. The Bitcoin market is basically the example of what the Gold/Silver market would be if bankers weren't able to manipulate Gold/Silver with paper (derivatives.)
If the bankers somehow buy up all of the Bitcoins we always have alternatives, like Litecoin. All of my money is with Litecoin, not Bitcoin, since I think that's a better place to be since prices are still low. Once Mt Gox officially implements it it will skyrocket, even if Bitcoin plunges. Mt Gox already has the API in place:
https://mtgox.com/api/1/generic/currency?currency=LTC
Even if this current run ends in a crash (which is likely) it will have educated more people about cryptocurrencies, and more people will stick around than leave. Check out these Google Trends for Bitcoin:
http://www.google.com/trends/explore#q=bitcoin&cmpt=q
This is a no brainer investment once you understand the fundamentals and this new groundbreaking information. Litecoin is your second chance to get at the bottom of the Bitcoin style run. I may be wrong, but that's what I personally believe.
The idea of cryptocurrencies is here to stay forever.
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Re: The Bitcoin Tracking Thread
Quote:
Originally Posted by
vacuum
Miners not only get money from mining coins,
How to get more Bitcoins, when there ain't no more Bitcoins?
Sorry, your currency is a dead flop without expansion.
Silver and Gold's is unlimited.
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Re: The Bitcoin Tracking Thread
Quote:
Originally Posted by
Horn
How to get more Bitcoins, when there ain't no more Bitcoins?
Sorry, your currency is a dead flop without expansion.
Silver and Gold's is unlimited.
You trade for it, just like you trade for gold and silver today. Stability is a key factor in what a good money provides. Gold is incredibly stable due to it's rarity, but is still being mined. The biggest market bumps during the gold standard days where when lots of gold was found during the gold rush days. Do you think if all the gold was mined on earth that gold would become a "dead flop"? What about silver? There's lots of talk about the silver supply drying up; once you can't mine any more silver, will that cause the price of silver to collapse?
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Re: The Bitcoin Tracking Thread
Quote:
Originally Posted by
madfranks
will that cause the price of silver to collapse?
The world to.
There's always the moon Alice...
Yes, people would revert to Tallysticks been there done that.
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Re: Mining hardware comparison
I believe it was created by computer manufacturers who's profit margins were falling below expected levels.
Whether or not they had any sense as to the scale it might achieve or was needed, is debatable, maybe it was only designed towards a specific market & quantity of users & their equipment.
Well them and Internet Gambling sites teamed up.
Those casino makers are among the most secure and insured programs on the face of the planet. Obama did them wrong.
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Re: Mining hardware comparison
Quote:
Originally Posted by
sirgonzo420
New all time high: $240
How many days ago did I post a thread about it reaching parity with an ounce of silver at ~ $27?
Too few to give any sense of price stability.
I'm not saying it can't go to $1000, but the ride might make a lot of people sea sick.
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Re: Mining hardware comparison
Quote:
Originally Posted by
Shami-Amourae
How? Bitcoins were developed by the crypto-anarchist community. All money "pumped" into it enriches the anarchist/libertarian movement. Why would they want to make the people who want to destroy them wealthy? Seriously do you understand how much the people who are in the Bitcoin community absolutely hate the NWO/bankers/Rothschilds?
Because they don't know WTF it is. More than half the people on this forum don't know WTF it is, and this is a decent group of very intelligent, awake people. I'm pretty sure the controllers don't know WTF it is either.
They don't know how to shut it down. They know if they talk about it too much more people will get interested and they will lose total power. They have no power over this, other than shutting down exchanges (the current weakness.) This is the tool(s) we need to destroy the bankers once and for all. Their whole system is based on confidence. We have an alternative now and people are moving into that alternative. As time goes on there will be a shift (hopefully). Right now we need education and convince more people to leave the banking system and join the free and decentralized cryptocurrency movement. Prices will stabilize eventually whether its on the upside or downside and more commerce can commence. The price is skyrocketing from new entrants, not by old timers pushing up the price. This is an obvious shift.
Is this a bubble, or the implementation of new technologies? Will it return back to the long term mean?
http://gailtheactuary.files.wordpres...d-fuel-use.png
The best cryptographers and hackers are almost all anarchists/libertarians. If the bankers/government came out with a cryptocurrency no one would use it, and it wouldn't even work since you need the users confidence for it to work. People who are computer savvy enough to even know what a Bitcoin is aren't dumb enough to trust the government. The people who are using Bitcoin are fully awake on how the banks and governments really work. They know about the Federal Reserve, they know about they Rothschilds, that's why they designed/put faith in the cryptocurrencies to BEGIN with.
No we aren't. The bankers/government aren't that smart. They are just a 10 year old autistic kid with a printing press. They are not intelligent by ANY stretch. Do you have any idea how hard it is to fuck up and fail when you have a printing press? It's very hard, you pretty much have to try to fail. They can employ intelligent people to help enslave us, but as a whole these people are slow moving, and completely retarded. Imagine trying to go before the Congress and explaining what Bitcoins are, and on top of that what Cryptography is. These people wouldn't and wont get it before it's too late for them. The elites are inbred and completely detached from reality. They will lose their power before they know what hit them. The trick is to not fight on their terms, that's why we ALWAYS fail before. If you fight on their terms by doing things like voting, or using physical violence (which they hold monopolies one) they will win.
You can take Goliath down easily with a very simple weapon, and a well placed shot. Never attack an enemy who is bigger and stronger than you from an angle they expect. Find a weakness, attack them by surprise and watch them fall. We don't have to be slaves anymore. We can be free. There are solutions now with the new technologies that are emerging.
Then it would safe to say we disagree. For what its worth, you have too many absolutes in your explanation. The government isn't that smart, limited intelligence, your also assuming who invented it (I thought the guy is still unknown, could be wrong), they don't know what it is, they don't know how to shut it down, to name a few. You assume a lot about Bitcoin and government/bankers ability to shut it down or affect it. And of course anti-government, anti-NWO types are driving it, thats who its being sold to in this atmosphere of financial instability. And I'll say it again, its being flaunted in government's face and nothing is being done. Not even a speech (in case they can't shut it down like you say) discouraging people that circumventing taxes and legal tender laws could be hazardous to their health. Naw, smells fishy to me, but, to each its own............
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Re: Mining hardware comparison
Quote:
Originally Posted by
Blink
Then it would safe to say we disagree. For what its worth, you have too many absolutes in your explanation. The government isn't that smart, limited intelligence, your also assuming who invented it (I thought the guy is still unknown, could be wrong), they don't know what it is, they don't know how to shut it down, to name a few. You assume a lot about Bitcoin and government/bankers ability to shut it down or affect it. And of course anti-government, anti-NWO types are driving it, thats who its being sold to in this atmosphere of financial instability. And I'll say it again, its being flaunted in government's face and nothing is being done. Not even a speech (in case they can't shut it down like you say) discouraging people that circumventing taxes and legal tender laws could be hazardous to their health. Naw, smells fishy to me, but, to each its own............
Do you think the DEA could shut down Silk Road any day and are just pretending that they can't?
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Re: Mining hardware comparison
Quote:
Originally Posted by
Blink
Then it would safe to say we disagree. For what its worth, you have too many absolutes in your explanation. The government isn't that smart, limited intelligence, your also assuming who invented it (I thought the guy is still unknown, could be wrong), they don't know what it is, they don't know how to shut it down, to name a few. You assume a lot about Bitcoin and government/bankers ability to shut it down or affect it. And of course anti-government, anti-NWO types are driving it, thats who its being sold to in this atmosphere of financial instability. And I'll say it again, its being flaunted in government's face and nothing is being done. Not even a speech (in case they can't shut it down like you say) discouraging people that circumventing taxes and legal tender laws could be hazardous to their health. Naw, smells fishy to me, but, to each its own............
To me, that's like saying the MPAA/RIAA invented Bit-Torrent.
Bit-Torrent almost wiped out the entire recording and movie industries, and forced them to radically reform and become less powerful/influential in the world. We know Bit-Torrent was invented by Bram Cohen, but it's no longer in his control. He made his system open sourced and now it's part of the community, and developed in a decentralized fashion by the community. Bram Cohen has a lot to do with the creation of Bitcoin since Bit-Torrent was one of the things that inspired it.
The banking system wont be entirely destroyed, but it will be forced to be more honest and run better. It will also have less power since it will have more competition. This is how Bit-Torrent changed the Entertainment industry, and this is how Bitcoin and other cryptocurrencies will change the Financial industry. That's the entire point. That is the goal.
I don't assume these things since I'm a programmer and have dealt with virtual currencies like this FOR A LIVING since 2006. I make my entire income on virtual currencies. My entire life is virtual. I have a long history of doing this stuff.
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Re: Mining hardware comparison
Quote:
Originally Posted by
madfranks
Do you think the DEA could shut down Silk Road any day and are just pretending that they can't?
Don't know, never been there. Really don't care about it anyways from what I heard........
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Re: Mining hardware comparison
Quote:
Originally Posted by
Shami-Amourae
To me, that's like saying the MPAA/RIAA invented Bit-Torrent.
Bit-Torrent almost wiped out the entire recording and movie industries, and forced them to radically reform and become less powerful/influential in the world. We know Bit-Torrent was invented by Bram Cohen, but it's no longer in his control. He made his system open sourced and now it's part of the community, and developed in a decentralized fashion by the community. Bram Cohen has a lot to do with the creation of Bitcoin since Bit-Torrent was one of the things that inspired it.
The banking system wont be entirely destroyed, but it will be forced to be more honest and run better. It will also have less power since it will have more competition. This is how Bit-Torrent changed the Entertainment industry, and this is how Bitcoin and other cryptocurrencies will change the Financial industry. That's the entire point. That is the goal.
I don't assume these things since I'm a programmer and have dealt with virtual currencies like this FOR A LIVING since 2006. I make my entire income on virtual currencies. My entire life is virtual. I have a long history of doing this stuff.
Thats all fine and dandy, but, you still assume what government/banks can and cannot do, and any programmer knowledge won't help you in that regard. That type of certainty is dangerous not only to you but to others. Maybe BTC is legit (I don't know), but, I do know it has a track record of about 4 years now and its only really taken off in the last year (few months really). Every forum I've been too has cheerleaders talking about how government "can't" stop it. Jesus, its like you all read from the same playbook. Like I said before, to each its own.............
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Re: Mining hardware comparison
Quote:
Originally Posted by
Shami-Amourae
I make my entire income on virtual currencies. My entire life is virtual. I have a long history of doing this stuff.
Great debate, anything created by man can be destroyed by men in short order, IMO.
The creators should step forward and make their intentions known, anything else leads you to believe otherwise.
Or at least have something representing them, then if they did get cut down (by those entities that they were opposed to) there would be even more move towards the cause.
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Re: Mining hardware comparison
Quote:
Thats all fine and dandy, but, you still assume what government/banks can and cannot do, and any programmer knowledge won't help you in that regard. That type of certainty is dangerous not only to you but to others. Maybe BTC is legit (I don't know), but, I do know it has a track record of about 4 years now and its only really taken off in the last year (few months really). Every forum I've been too has cheerleaders talking about how government "can't" stop it. Jesus, its like you all read from the same playbook. Like I said before, to each its own.............
So if we're cheer leaders, does that make you a "Debbie downer"? Making excuses and accusations about a protocol you simply do not understand and have no desire to even learn.
As you say, to each their own.
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Re: Mining hardware comparison
Quote:
Originally Posted by
Horn
Great debate, anything created by man can be destroyed by men in short order, IMO.
The creators should step forward and make their intentions known, anything else leads you to believe otherwise.
Or at least have something representing them, then if they did get cut down (by those entities that they were opposed to) there would be even more move towards the cause.
That also applies to the banking system you appear to be defending. The author of the BTC has made his intentions know. Read the damn papers he/she/they published http://bitcoin.org/bitcoin.pdf
So you don't look like a fool spouting non-sense about a system, protocol, or currency you simply do not know, don't want to know and just dismiss as a slight. To each their own, no one is forcing you to read, respond or remark in this forum. But all I see is back in forth between you, Blink, and a couple others. Looking completely foolish because you have no understanding of how a P2P system works. You act like governments or banks can just flip a switch and shut it down. THEY CAN'T!!
You act like they are all powerful THEY ARE NOT!
You act like they are all knowing THEY ARE NOT!
Don't you think they would of shut down bit-torrent networks by now? Silk Road, up and running for 3+ years now, not so much as a raid on the site by any authorities in any country. If you know how to mask your IP, you can appear anywhere in the world. Bitcoin is a currency developed to meet the needs of people who want to transact business without having their government or bank involved in the process. I thought that's why we were all here is it not?
So a solution comes along, you and others like you dismiss it and throw some wild ass conspiracies with no proof, no thought, and no understanding of it's foundations.
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Re: Mining hardware comparison
Quote:
Originally Posted by
Sparky
Too few to give any sense of price stability.
I'm not saying it can't go to $1000, but the ride might make a lot of people sea sick.
Absolutely no argument here.
"Price discovery mode" for Bitcoin has been insane to put it mildly.
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Re: Mining hardware comparison
Quote:
Originally Posted by
Ares
So if we're cheer leaders, does that make you a "Debbie downer"? Making excuses and accusations about a protocol you simply do not understand and have no desire to even learn.
As you say, to each their own.
Yeah, I wobbled about using the term "cheerleader", though its not really derogatory, just enthusiastic (maybe I should have said that instead), anyways, I'm not a "Debbie downer", I'm just watching to see how this evolves and I haven't made any accusations about anything, just stating concerns, thats all. You should calm down a bit if you want to sell the product in a good light. And you assume I have "no desire" to learn. You know sh*t about me. But, at least we agree on "to each its (don't know what you are) own".............
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Re: Mining hardware comparison
Quote:
Originally Posted by
Ares
That also applies to the banking system you appear to be defending. The author of the BTC has made his intentions know. Read the damn papers he/she/they published
http://bitcoin.org/bitcoin.pdf
So you don't look like a fool spouting non-sense about a system, protocol, or currency you simply do not know, don't want to know and just dismiss as a slight. To each their own, no one is forcing you to read, respond or remark in this forum. But all I see is back in forth between you, Blink, and a couple others. Looking completely foolish because you have no understanding of how a P2P system works. You act like governments or banks can just flip a switch and shut it down. THEY CAN'T!!
You act like they are all powerful THEY ARE NOT!
You act like they are all knowing THEY ARE NOT!
Don't you think they would of shut down bit-torrent networks by now? Silk Road, up and running for 3+ years now, not so much as a raid on the site by any authorities in any country. If you know how to mask your IP, you can appear anywhere in the world. Bitcoin is a currency developed to meet the needs of people who want to transact business without having their government or bank involved in the process. I thought that's why we were all here is it not?
So a solution comes along, you and others like you dismiss it and throw some wild ass conspiracies with no proof, no thought, and no understanding of it's foundations.
I'm not going to go through your whole list of rants. You act like you have all the answers, YOU DON'T!! There doesn't seem to be a discussion, its all rah, f*cking rah BTC (There, I learned the acronym, happy) and any concerns are brushed aside like we're frightened children. F*ck you and horse you rode in on. You want to sell me something, I want assurances (especially these days) and Bitcon doesn't provide enough of them and neither do you........
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Re: Mining hardware comparison
Quote:
Originally Posted by
Blink
Yeah, I wobbled about using the term "cheerleader", though its not really derogatory, just enthusiastic (maybe I should have said that instead), anyways, I'm not a "Debbie downer", I'm just watching to see how this evolves and I haven't made any accusations about anything, just stating concerns, thats all. You should calm down a bit if you want to sell the product in a good light. And you assume I have "no desire" to learn. You know sh*t about me. But, at least we agree on "to each its (don't know what you are) own".............
You haven't expressed a desire to learn, just vent your concerns and make baseless accusations. I don't need to know shit about you. Do I care? Nope, only thing I get sick and tired of is people making accusations about something they don't understand. Its not my job to educate you or sell you a "product" that's YOUR job. I'm not going to spoon feed you anything.
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Re: Mining hardware comparison
Quote:
Originally Posted by
Blink
I'm not going to go through your whole list of rants. You act like you have all the answers, YOU DON'T!! There doesn't seem to be a discussion, its all rah, f*cking rah BTC (There, I learned the acronym, happy) and any concerns are brushed aside like we're frightened children. F*ck you and horse you rode in on. You want to sell me something, I want assurances (especially these days) and Bitcon doesn't provide enough of them and neither do you........
LOL temper temper little child. No fuck you and the ignorant horse that brought you here. I do have answers when it pertains to something I've studied for a while. You're being brushed aside for the frightened child that you are. Cling to your gold and silver, fine by me.
But it's not my fucking job to educate you, or to sell your worthless ass anything. Not my job to give you any assurances. So go back into that hole you crawled out of and stay there while the world moves on without you.
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Re: Mining hardware comparison
Quote:
Originally Posted by
Ares
That also applies to the banking system you appear to be defending. The author of the BTC has made his intentions know. Read the damn papers he/she/they published
http://bitcoin.org/bitcoin.pdf
So what's his name?
Everyone was saying they had no idea who he was.
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Re: Mining hardware comparison
Quote:
Originally Posted by
Horn
So what's his name?
...and who pays all the programmers to maintain the Bitcoin software?
:(??
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Re: Mining hardware comparison
Quote:
Originally Posted by
Horn
So what's his name?
Everyone was saying they had no idea who he was.
Nope, no one knows his real identity. If you developed a system that could collapse empires, would you want to be known for it?
Satoshi Nakamoto, who created Bitcoin in 2009, left the system to develop on its own in 2011; his true identity was never revealed.
One popular theory among Russian bloggers speculates that Nakamoto is Grigory Perelman, a reclusive Russian mathematician famous for solving the Poincaré conjecture and receiving the Fields Medal – the 'Nobel prize of math,' – for the achievement.
http://rt.com/news/bitcoin-challenge...-currency-121/
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Re: Mining hardware comparison
Quote:
Originally Posted by
Jewboo
...and who pays all the programmers to maintain the Bitcoin software?
:(??
No one, that's the beauty of it being Open Source. The source code is there, you can improve upon it, add your name for recognition and go on to the next project.
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Re: Mining hardware comparison
Quote:
Originally Posted by
Ares
If you developed a system that could collapse empires, would you want to be known for it?
Of course.
Other than that, the only thing about intention in the white papers is that it removes trust.
This thing is doomed without it.
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Re: Mining hardware comparison
