Honorable Bitcoin | Page 12 | Crypto Craft

Options

Go to
Permalinks
Print Thread
Attachments: Honorable Bitcoin
Exit Attachments

Honorable Bitcoin

  • #221
  • Aug 16, 2019 6:04pm Aug 16, 2019 6:04pm
Quoting AnthonyWins
{quote} Thank you for your personal attention don't remind to answer you the same thing several times. Just look at these pictures, the first one is a bank transaction. The second one is a Bitcoin transfer. And now, we can see that there are some letters, paper, etc., all the same or similar, and I'm waiting while you try to find a person by the first writing and by the second one. {image} {image}
Hmm, that analogy makes sense. I have one just as good.

Look at these pictures, the first is a physical bitcoin, the second is a physical bank. And now, we can see they both look tasty if you deep fry them or grill them, etc. I am waiting while you try to find one to hunt in the wild and send it to me to cook up.
Attached Image

Attached Image


Now, I think everything should be clear?
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #222
  • Aug 17, 2019 4:38am Aug 17, 2019 4:38am
Quoting MarkGman
{quote} Swapping one mousetrap for a different mousetrap - not necessarily a better one! With that being said, I feel like there are some artificial boundaries with the monetary systems we have to do - and I am all for knocking down a few barriers and facilitating monetary exchanges.
mousetrap! Well put, Mark!

Beware now, the Fed sniffed the opportunity too. They build new money systems too, safer and faster. (Fednow)
General acceptance is definitely a powerful thing and this trump is on their side, inspiring lower risk and safety.

Unfortunately, cryptocurrencies will lose leverage against the fiat because crypto cyber security is being down low now to common security level,
because the ends of the system are vulnerable as they proved easy to be hacked. (personal wallets and exchanges)
The whole system is compromised now.
This fundamental alteration might take time to be assimilated by the investors. Main financial actors, whales...
That's why I would sell the highs in cryptos on medium term.
Member
  • #223
  • Edited 7:17am Aug 17, 2019 6:51am | Edited 7:17am
Speaking of mousetrap ???
Bakkt, is coming!
Shit-Oshi is coming!!! Wooooooah, big events, big spikes on the chart !

Bubble up, guys!
.........................................buy, buy, buy, buy, buy, buy, buy!
Attached Image (click to enlarge)
Click to Enlarge Name: ZHART.png Size: 75 KB
Member
  • #224
  • Aug 17, 2019 6:52am Aug 17, 2019 6:52am
Oook, ready for September everyone?!?
Because The Big ₿ Santa December is coming!
Same monkey business, ...anyone for a money ping-pong here ?

Hohoho, poor naive investors, someone said the word store value ???
Attached Image
Member
  • #225
  • Edited 12:49pm Aug 17, 2019 8:09am | Edited 12:49pm
Cryptocurrencies are not a safe heaven for nobody.
Cryptocurrencies are insanely volatile to be trusted by the smart investors!

It's also a stupid move for any national economy.
Freezing the bitcoin supply is totally deflationary ...hence bitcoin is a catastrophic "solution"!
_____________________________________________________________________________
I think the top bitcoin people are smart people with skills in cyber and internet stuff but very little in finance-economy.

Most of them are good nice patriots, loving their governments, but they don't understand the essence of the economy as they accept to be fed form lobbyists or propaganda economic media ...or personal bad experience with the system ...or they are restless teens.

In the classical liberal model, it's assumed that a free market will correct any crisis automatically,
and that the supply and the demand will spontaneously come into equilibrium.
Classical economic theory had simply assumed that demand for goods would return by itself once wages and labor requirements had equalized.
But JM.Keynes famously declared, "In the long run, we are all dead." In other words, this process might simply take too long.

It was ridiculous and cynical when classic economists and policymakers simply to advise people to accept suffering in the medium term,
secure in the knowledge that at the end of the storm, the sea would return to calm.

What was needed was intervention in the economy, by government, in order to break
the cycle of economic depression, and thereby restore prosperity. And that's not socialism.
_____________________________________________________________________________

Crypto people should learn more about economy, finance, crisis...
Attached Image (click to enlarge)
Click to Enlarge Name: ZHART.png Size: 63 KB
Member
  • #226
  • Aug 17, 2019 8:33am Aug 17, 2019 8:33am
Quoting TudorIoan
Let's start simple.
A cryptocurrency is immoral by definition.
Because Bitcoin definitely supports corruption by design !
With the blockchain, it's only the digital ownership (proof of work) traceable.
But that sort of digital ownership doesn’t lead to anyone’s phisical identity!
That blockchain ledger overloaded with encrypted files, does not link to anyone's personal identity !
that is exactly why it will succeed in the world. because no matter how much you, governments or whatever authoritative entity rules over the land you live in hate bitcoin, they will never be able to stop it.

so, the question is, do you want to be free or not?

nothing can change the mind of a bird who decides to stay in the cage even when the door of it is open.

but the thing is that a lot of birds will fly away if you approach them to feed them, because they know that freedom is more valuable than food.




your arguments sounds like childish tantrums of someone who just doesn't like how popular btc has gotten.
  • #227
  • Edited Aug 18, 2019 4:17am Aug 17, 2019 12:15pm | Edited Aug 18, 2019 4:17am
Quoting BetterThanU
{quote} that is exactly why it will succeed in the world. because no matter how much you, governments or whatever authoritative entity rules over the land you live in hate bitcoin, they will never be able to stop it. so, the question is, do you want to be free or not? nothing can change the mind of a bird who decides to stay in the cage even when the door of it is open. but the thing is that a lot of birds will fly away if you approach them to feed them, because they know that freedom is more valuable than food. your arguments sounds like childish...
Let me tell you a secret, teeny. I know a lot about bitcoin and I can tell you there are way much more smarter altcoins than bitcoin.
But this crappy bit-coin is the flag shit and that's why is so popular

And I also know a little something about economy basics and you obviously don't.
All you have as argument is popularity... and common moronic hate.
How dare you tell me that my arguments sounds like childish tantrums while you proved yourself an economic ignorant ?! ...well, you're fun after all

You belong to the category of the noisy clowns, deranged freaks, the political-financial ignorants and the usual anarchists.
You don't really help bitcoin.
You can't even help yourself to grow up faster listening smarter people than you

You guys use to go like:
Me, Tarzan, ...crypto is good, fiat is bad! It's indisputable, booh-yah!
Chaotic freedom is good, government is bad! Booo!...
Crypto Transactions Oligarchic Market commissions are good, income tax is bad!
Crypto loan sharks are good, the banks are bad!
No-state is good, no-police is good, no-military is good, ...because taxes are baaad! Booo, gov.!...

FREEDOM TO THE STUPS!

...and me: BAM, ignored!
Why? Because stupidity and McAfee-radicalism is baaad!
Member
  • #228
  • Aug 18, 2019 10:49am Aug 18, 2019 10:49am
My favorite D1 S/R levels. 12,000 - 9,500 U$D
Buckle up, bubble up, peeps! New hype is coming!
Attached Image
Member
  • #229
  • Edited 7:29am Aug 19, 2019 4:06am | Edited 7:29am
I wonder how much fun would that be if the Gold would jump like $250 in 15 minutes
...as Bitcoin does it as a regular basis ?
Attached Image (click to enlarge)
Click to Enlarge Name: ZHART.png Size: 48 KB
Member
  • #230
  • Aug 19, 2019 6:45am Aug 19, 2019 6:45am
And in some highly respect message for my depreciators:
Folks, yes, you have guessed that perfectly, my background was well-to-do and I'm with the fckn establishment,
I've always remained firmly a part of the fkn establishment
Attached Image
Member
  • #231
  • Aug 19, 2019 2:12pm Aug 19, 2019 2:12pm
Quoting TudorIoan
And in some highly respect message for my depreciators: Folks, yes, you have guessed that perfectly, my background was well-to-do and I'm with the fckn establishment, I've always remained firmly a part of the fkn establishment
As a part of the establishment myself, I can certainly go along with your frustrations that people like to s**t on the government while lounging in the joys it has helped to provide (in some places). I know as well that crypto currencies can be used by some bad actors. I am not quite with you though on the complete uselessness of cryptocurrencies. There are some solid positives that will come from this movement - if nothing other than to get the governments to move out of their comfort zones and into this century! And, I believe that we can find new objects of value that can drive markets in the future that aren't $$, gold, etc. And, there is a good chance it will be digital!
  • #232
  • Aug 19, 2019 11:22pm Aug 19, 2019 11:22pm
Quoting MarkGman
{quote} As a part of the establishment myself, I can certainly go along with your frustrations that people like to s**t on the government while lounging in the joys it has helped to provide (in some places). I know as well that crypto currencies can be used by some bad actors. I am not quite with you though on the complete uselessness of cryptocurrencies. There are some solid positives that will come from this movement - if nothing other than to get the governments to move out of their comfort zones and into this century! And, I believe that we...
Totally agree on the fact that any other "objects of value" can drive the markets.
But why change Coca Cola? just because is too old (you know the story)
Never fix a running system!
Why fix a running system? Only to make a change? Only because anarchists are bored? Only because ignorant Joe want something new... Only because it's the third millennium?

On the other hand, USD is already enough 'digital' and it will go encrypted as well. (Fintech, Fednow)

I see what you mean about govs., but bitcoin can't solve big problems like corruption and incompetence. Because capitalism doesn't work like a robot. It really need adjustments! And the cryptoz are not the perfect tools for monetary policies.
It's a plesant fiction to believe that once cryptocurrencies are set in place, all the problems of the free market will be gone.

Sure, 'solid positives' came from all kind of movements,
...that including plague, floods, earthquakes and wars
...they brought progress as well, mainly the wars !

But this is not quite the right approach on cryptoz IMO.
This is not an experiment for the sake of variety!
Like the Marxism was corrupted from the very start, and the human kind shouldn't have been test it ...even if injustice and poverty on Earth. They should improve what they have. Radicalism is always wrong and stupid.
Member
  • #233
  • Aug 20, 2019 3:27pm Aug 20, 2019 3:27pm
Quoting TudorIoan
Radicalism is always wrong and stupid.
One thing I certainly agree on. I am more for progressive change...not the "progressive" that is used to equate liberalism today. By progressive I mean incremental improvements on status quo to move towards improving our world......
  • #234
  • Aug 21, 2019 12:36am Aug 21, 2019 12:36am
Quoting MarkGman
{quote} One thing I certainly agree on. I am more for progressive change...not the "progressive" that is used to equate liberalism today. By progressive I mean incremental improvements on status quo to move towards improving our world......
Agree. And Fednow and Fintech are better ideas than cryptocurrencies.
Because, for instance, a thing like bitcoin would maybe work only for a planned economy, not for the free market economy.
Frozen money supply and stable coins are lame pathetic surrogates!
People with a deep thorough understanding of the liberal economy knows that by now.
Member
  • #235
  • Edited 8:49am Aug 22, 2019 7:57am | Edited 8:49am
Clarification for all the crypto imbeciles :
- "traditionally" if you want to buy opioids, you have to go with fiat cash and a handgun in order to have a chance to get away with it

- With the crypto, now you can sell opioids on Darknet and get the payment directly in crypto,
no middle street men required

Cryptocurrencies are conceived as a medium of crime, that's why it's just a matter of time until they will die
Attached Image
Member
  • #236
  • Aug 23, 2019 4:07pm Aug 23, 2019 4:07pm
Quoting TudorIoan
Cryptocurrencies are conceived as a medium of crime, that's why it's just a matter of time until they will die {image}
Correction: it is a matter of time until Ross Ulbricht is dead.

Were guns conceived as a medium of crime too? Will they be eliminated? I guess it is possible but it hasn't happened yet.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #237
  • Aug 24, 2019 12:46am Aug 24, 2019 12:46am
Quoting g-force
{quote} Correction: it is a matter of time until Ross Ulbricht is dead. Were guns conceived as a medium of crime too? Will they be eliminated? I guess it is possible but it hasn't happened yet.
Yeah, guns will be eliminated... in all the civilised countries
There are still only 3 countries in the world who protect the right to bear arms in their constitutions: the US, Mexico, and Guatemala
...I guess for crypto will reamain only Russia, China and Estonia

What is bitcoin after all. A computer file.
So it's the US dollar today.
1. Only that the US dollar is highly scalable, which bitcoin is not.
2. They both are secure.
3. Now, centralisation is needed for the free markets to work properly. Monetary policy it's a must, even if the imbeciles and the economic illiterates call it manipulation. Bitcoin, paradoxally, is not conceived for the free markets due to its frozen supply.
Member
  • #238
  • Aug 25, 2019 2:42am Aug 25, 2019 2:42am
answer to point 3. btc will soon be traded on a large stock exchange such as Baktt, where the future price will be traded and subsequent settlement in physical btc
  • #239
  • Edited 3:57am Aug 25, 2019 3:34am | Edited 3:57am
Quoting TudorIoan
My favorite D1 S/R levels. 12,000 - 9,500 U$D Buckle up, bubble up, peeps! New hype is coming! {image}
It looks like not so much buying last week.
Still there, 12,000 resistance, 9,500 support ...and still below 11,000.

Considering the manipulation from the 1000 addresses who control 80% from all bitcoin, I think they play much more smart this time...

If I have the power to control bitcoin like they have, I would simulate now "stability".
I would never let bitcoin to go above 10K. Because stability it's much more credible than a pachyderm high value on chart out of thin air!
Stability makes people buy!
The value on the chart is not important. Look at the JPY to dollar value ...and still, people goes there for refuge
1 JPY = one USD cent (0.01 USD)

...learn, whales! Stability is much more attactive than skyrocketing price!
Attached Image (click to enlarge)
Click to Enlarge Name: temp_3.png Size: 45 KB
Member
  • #240
  • Edited 12:47pm Aug 25, 2019 12:19pm | Edited 12:47pm
Quoting M76
answer to point 3. btc will soon be traded on a large stock exchange such as Baktt, where the future price will be traded and subsequent settlement in physical btc
Ooo, I'm honored you dedicated your first answer to my thread
Ok, #237 doesn't contain questions to be answered.
Point 3 relates to the need of 'money assisted mobility' to drive the free economies.
That implies government-led money supply. And that implies sort of "centralisation".
Bitcoin comes in limited supply. If all the economy in bitcoin, nobody can touch the money supply.
Therefore, bitcoin is not suitable for free economies at large scale.
But it might be perfect for the companies, small communities, video games, social networks, ...countries with planned economies. For communism.
Member
0 traders viewing now