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O-T Lounge
re: OT Dentists: Question on Kids' Fillings - Tigershatebama
[quote]The dentist says that the tooth-colored ones don't last and that the child may break it.[/quote] Is it for a front tooth or a molar? There are stainless steel crowns with a white 'shell' of material that can be used for front teeth. (Typically a different shade than the natural teeth) Anot...


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O-T Lounge
re: DWI lawyer gets arrested - Tigershatebama
[quote]If an officer makes a traffic stop it is part of his "official" duties and if he suspected the driver was drunk and performing field sobriety tests, he is [b]investigating[/b]. Anyone that interferes with that is breaking the law, lawyer or not.[/quote] I would think he would be 'interroga...


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Money Talk
re: Bitcoin specific Trojan virus labeled #1 cyber threat in world - Tigershatebama
[quote]No matter what algorithms and "mining" takes place, the price is still a function of [b]propaganda. [/b] [/quote] fify. It's a scam to enrich the creators and early adopters.... all at the expense of those gullible enough to beleive in something that's promoted as 'anti-governement' and a...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
BTW Wiki do you get automatic texts when someone mentions Bitcoin? :cheers:...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
I'm not trying to come off as confrontational here so don't take it that way. :cheers: [quote]That's why bitcoin won't make it as a currency. [/quote] So what you're saying is that BTC will not work. You and I realize that there is no value but others think that there is. [quote]I am not s...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote]what do you think happens when gold starts getting sold[/quote] The price goes down [quote]all you're describing is a possible bubble[/quote] You can keep calling it a market and see others as holding it for investment, but that is not the intent stated by Bitcoiners. It is put fort...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote] This is where you mess up. The prices go down. you're the one who said quote: if the hoarders tried to sell off all of their BTC at once the value would inflate.[/quote] That's the same thing man... The price of BTC goes down, therefore it's purchasing power goes do...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
And???...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote]if they sell off the BTC to take advantage of the market prices, the market prices will increase[/quote] This is where you mess up. The prices go down. Your whole position on BTC is flawed due to this pretty basic economic element....


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote]ETA: I find it ironic that the same people on here who distrust public officials with long records of public service, including academia, explicitly trust people they've never heard of and who may never have their idenities revealed.[/quote] This Most of the time I just lurk. And for...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote]this is a niche market. you don't think the market would react long before this scenario arose? [/quote] EXACTLY!!! This is the whole point of the discussion. The market will react to this being a scam, and bitcoins will be worthless. [quote]if the early adopters are hoarding the BTC, ...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote]I don't see how the two are comparable at all.[/quote] Bitcoin has a group of adopters, who I think for the most part have honest intentions, convincing people to convert dollars (or goods and services) into digital currency. A currency that will soon be worthless. The late adopters howe...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote]bitcoins aren't a ponzi scheme. the increasing value is due to market forces, not new investors.[/quote] The purpose of Bitcoin is to become a new vehicle to trade goods and services. By your understanding of Bitcoin as an INVESTMENT it is easily a Ponzi scheme. I think of it as a ...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
If you could, you wouldn't have warned people about Bernie Madoff?...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote]So what I gather from all these bitcoin threads is that bitcoin is nothing more than imaginary money[/quote] I don't think that it is anymore imaginary than our current monetary system. The dollar is just a vehicle that allows transfer of value just like the Bitcoin. You can't sustain ...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote]Yep, bitcoin fits the definition of a Ponzi scheme.[/quote] Those vested into the Bitcoin system don't want it labeled as a Ponzi system. Everything about it smells like a Ponzi scheme, however people keep defending it as not being a Ponzi. Those in the Bitcoin market need it to remain...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote]Hmmm, your whole scenario sounds awfully familiar, it this suppose to be a metaphor?[/quote] Unsure if you are hinting that it seems like some other fiat currency systems like the US dollar or not? But, I think this whole bitcoin craze reminds me a little bit of the movie 'In Time' with...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote]in which case these bitcoin billionaires will be broke, which is the opposite of what happens in a ponzi scheme. [/quote] All ponzi schemes collapse man. It will collapse well before it ever comes close to being a widely traded currency. Those bitcoin billionaires and triilionaires are the...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote]if i bought apple stock at $10 and sold it to you at $100 a few years later, nobody would have a problem with that. then if you sold it to someone else at $101 the next day, guess what, still no problem. [/quote] And Apple produces goods that people want. Using bicoin to buy groceries is...


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Political Talk
re: Bitcoin will ruin people - Tigershatebama
[quote]Which made absolutely no sense. In one sentence he says triple bypass surgery will cost .00002865 which means that 1 bitcoin will be worth a significant amount of money. Then he says bitcoin will be worth zero. [/quote] You need to read between the lines here man. The entire part that t...


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