I just posted this on a completely different topic...but all of this arguing is perfectly representative of...

Wiki had more knowledge on the dynamics of Bitcoin than anyone else on TDings...I could care less if he is actually mining bitcoins or actively participating in the bitcoin marketplace -- it does not discredit his knowledge of how that ecosystem functions.

Yes, bitcoins is a risky activity that is in a total wild west phase right now.

More than likely, Bitcoin will fail but set the foundation for alternative currencies. A fast follower will emerge that learns from Bitcoins failures and it will become the replacement. At this point, very few people understand bitcoin well enough to even formulate an informed opinion on the topic.

This post was edited on 3/9/13 at 12:06 pm

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Posted by el duderino III

People's Republic of Austin

Member since Jul 2011

2385 posts

Posted on 3/9/13 at 10:18 pm to lynxcat

quote:
Wiki had more knowledge on the dynamics of Bitcoin than anyone else on TDings...it does not discredit his knowledge of how that ecosystem functions

much of his "knowledge" about bitcoin and its future is based on his own suppositions, optimistic thinking, and faulty premises, that have been exposed over and over again by russian, myself, and others. He certainly knows the technology better than anyone else, but that is only a small aspect of bitcoin. Try explaining bitcoins flaws relating to a myriad of other subjects like banking, currency markets, bubble economics, etc, it goes straight over his head and his response is usually, "i dont think you understand the technology." "and because the technology is so fricking fascinating to me, it makes all bitcoin's other problems just float away on this cool breeze of unicorn flatulence i've been getting high on for the past year."

ok maybe the second part is just what i imagine him saying...

This post was edited on 3/9/13 at 10:20 pm

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