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re: Will Bitcoin be built under rather than on top of?
Posted on 2/6/14 at 9:12 pm to LSURussian
Posted on 2/6/14 at 9:12 pm to LSURussian
quote:
He's referring to some outside entity purposefully sabatoging the btc network because they feel threatened by it
So an outside entity purchases hundreds of millions of dollars of technology to sabotage the bitcoin network for personal gain?
That doesn't sound far-fetched to you?
1
Posted on 2/6/14 at 9:14 pm to LSURussian
quote:
Maybe I wasn't posting the price updates solely for your benefit.
Why are you so obsessed with the price anyways?
Posted on 2/6/14 at 9:15 pm to joshnorris14
quote:
And to combat this you make assertion on things you don't understand?
What did I assert?
quote:
This will be the future whether you think it will be or not.
How?
quote:
Decentralized stock exchanges, smart contracts, digital law, et cetra. It cuts the middle man out of so many things. It lowers the barrier of entry and it reverts human action to more productive sectors.
Why is a decentralized stock exchange good?
Explain a smart contract..
Digital law? Link?
Why are middle men bad?
What barriers of entry do you face?
How does it revert human action to more productive sectors?
This post was edited on 2/6/14 at 9:17 pm
Posted on 2/6/14 at 9:16 pm to joshnorris14
And even if this entity did invest an enormous amount of time and capital into controlling the bitcoin network, the nodes could simply fork and ignore them. It's quite self-sustaining.
Posted on 2/6/14 at 9:17 pm to joshnorris14
quote:
So an outside entity purchases hundreds of millions of dollars of technology to sabotage the bitcoin network for personal gain?That doesn't sound far-fetched to you?
No, it doesn't. In fact, it is what I have been referring to as bitcoin's built-in fatal flaw.
Please don't tell me you don't understand what I'm referring to.
Posted on 2/6/14 at 9:20 pm to joshnorris14
quote:
Why are you so obsessed with the price anyways?
I'm not "obsessed" with it. But even if I was, why do you care?
You start silly bitcoin threads totally unrelated to finance on this board when it should be on the Poli Board. Why do you do that?
Posted on 2/6/14 at 9:22 pm to joshnorris14
quote:Not if the entity exceeded the 50% standard. Then the entity could make bitcoin a shambles.
And even if this entity did invest an enormous amount of time and capital into controlling the bitcoin network, the nodes could simply fork and ignore them. It's quite self-sustaining.
Posted on 2/6/14 at 9:24 pm to LSURussian
I find it interesting that these Bitcoin threads come up and when you ask questions or challenge them, they get defensive. If it is the "future" as they say, it should be clear. It isn't.
I am not saying the technology isn't smart or couldn't lead to something better, but it baffles me that everyone gets so defensive and re-missive to answer questions.
I am not saying the technology isn't smart or couldn't lead to something better, but it baffles me that everyone gets so defensive and re-missive to answer questions.
Posted on 2/6/14 at 9:27 pm to JayDeerTay84
quote:
Why is a decentralized stock exchange good?
There is no middle man, there are no restrictions, it is global and outside the view of regulation.
quote:
Explain a smart contract..
Smart Contract
quote:
Digital law? Link?
I don't fully understand it so I won't try to give you a breakdown, as I get a better grasp on it I'll revisit and discuss it.
quote:
Why are middle men bad?
They are an added expense in terms of money and time.
quote:
How does it revert human action to more productive sectors?
Once the middle man's job is gone he has to do something else.
Posted on 2/6/14 at 9:28 pm to LSURussian
quote:
I'm not "obsessed" with it. But even if I was, why do you care?
I was curious. I would imagine if you care about the price you have something invested in it or you are looking to invest in it.
quote:
You start silly bitcoin threads totally unrelated to finance on this board when it should be on the Poli Board. Why do you do that?
This is the "Money Talk" board still, correct? Talking about money in theory is still "Money Talk", correct?
Posted on 2/6/14 at 9:29 pm to JayDeerTay84
quote:
If it is the "future" as they say, it should be clear. It isn't.
The rise of the internet wasn't clear either, but the cypher punks that predicted its inevitable rise in the 80s also predicted the inevitable rise of cryptocurrencies as well.
Posted on 2/6/14 at 9:29 pm to JayDeerTay84
I've learned that bitcoinistas always revert to a "you just don't understand technology" meme every time they can't answer simple questions about bitcoin.
After that comes the personal attacks. For example, wiki says all Money Board posters are afraid of me.
After that comes the personal attacks. For example, wiki says all Money Board posters are afraid of me.
Posted on 2/6/14 at 9:30 pm to JayDeerTay84
quote:
I am not saying the technology isn't smart or couldn't lead to something better, but it baffles me that everyone gets so defensive and re-missive to answer questions.
These "ojbections" have been brought up repeatedly over the last year. It gets a little annoying having to address the same things.
Posted on 2/6/14 at 9:31 pm to joshnorris14
quote:This thread isn't about the currency feature of bitcoin. It's about the political impact of btc. Even you should be able to recognize that fact.
Talking about money in theory is still "Money Talk", correct?
Posted on 2/6/14 at 9:32 pm to LSURussian
quote:
I've learned that bitcoinistas always revert to a "you just don't understand technology" meme every time they can't answer simple questions about bitcoin.
You mean like him saying "once the you send the bitcoins they are gone" in regards to discussion on Colored Coins?
It wasn't a question, it was an incorrect point that highlighted his ignorance.
Posted on 2/6/14 at 9:33 pm to LSURussian
quote:
This thread isn't about the currency feature of bitcoin. It's about the political impact of btc. Even you should be able to recognize that fact.
Only because you guys made it that. I would prefer to talk about Ethereum, but that is impossible because people like you want to bring up shite like Mt. Gox being a shitty exchange.
Posted on 2/6/14 at 9:33 pm to joshnorris14
quote:
There is no middle man, there are no restrictions, it is global and outside the view of regulation.
So regulation is bad?
quote:
Smart Contract
Nice link. I would like your original thoughts please.
quote:
I don't fully understand it so I won't try to give you a breakdown, as I get a better grasp on it I'll revisit and discuss it.
Well, just as you tried to come down on me for speaking about something I am not well versed in, shame on you. It did sound as if you were simply reading bullet points.
quote:
They are an added expense in terms of money and time.
Give examples of un-need middle men.
Posted on 2/6/14 at 9:33 pm to joshnorris14
quote:Stop imagining if that is the best your imagination can do.
I would imagine if you care about the price you have something invested in it or you are looking to invest in it.
Posted on 2/6/14 at 9:34 pm to joshnorris14
quote:
It gets a little annoying having to address the same things.
Then why respond at all?
I apologize, I thought these threads were for discussing the topic.
This post was edited on 2/6/14 at 9:34 pm
Posted on 2/6/14 at 9:35 pm to joshnorris14
quote:
The rise of the internet wasn't clear either, but the cypher punks that predicted its inevitable rise in the 80s also predicted the inevitable rise of cryptocurrencies as well.
This is what I am talking about. This is unrelated to anything in this thread.......
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