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Started By
Message
re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.
Posted on 4/18/13 at 9:33 am to Broke
Posted on 4/18/13 at 9:33 am to Broke
quote:
Which begs an even bigger question.
No it doesn't....
quote:
What if this Mr. Sakimoto didn't actually cap the number of coins?
....because only tech illiterate morons would ask such a question.
quote:
What if he has another $1,000,000,000 worth that he will dump periodically.
quote:
Would the world know?
Yes. It would be able to be seen now. No need to wait until he dumped them. Reason: The open nature of bitcoin.
quote:
What happens to bitcoin wallets that get lost? Do they go away forever?
Yep.
I mean, seriously, if you guys aren't going to actually do your homework and understand bitcoin, why participate in these threads and ask stupid questions that I've answered a hundred times already?
If you truly aren't interested in the technical details of it, then you aren't fit to debate them.
This post was edited on 4/18/13 at 9:36 am
1
Posted on 4/18/13 at 10:18 am to WikiTiger
quote:
....because only tech illiterate morons would ask such a question.
This one I'll give you. I am pretty tech illiterate.
quote:
mean, seriously, if you guys aren't going to actually do your homework and understand bitcoin, why participate in these threads and ask stupid questions that I've answered a hundred times already?
If you truly aren't interested in the technical details of it, then you aren't fit to debate them.
Being a Financial Advisor, business owner, adjunct econ and finance professor, I think I'm at least mildly qualified to debate the topic. Don't you think?
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