re: Will Bitcoin be built under rather than on top of?

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So if you spend your bitcoins on a product or service you still have control over that bitcoin?

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You don't spend the Colored Coins like regular bitcoins.

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but that is impossible because people like you want to bring up shite like Mt. Gox being a shitty exchange.

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YOU said MtGox is a shitty exchange. "Abandoned" is the word you used to describe MG.

I only mentioned that message boards are saying MtGox is insolvent and some btc owers are going to lose their money in their accounts with MG. Discussing a currency exchange possibly shutting down causing thousands of customers to lose their entire holdings with that exchange is a very relevant Money Board topic.

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I would prefer to talk about Ethereum

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So.......talk.

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They'll create a fork that is not followed. Bitcoin remains.

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I don't think that is what they're doing to alt coins. I think they are overwhelming the startup miners at new sites rendering them useless.

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You seem to believe centralized stock exchanges and brokers provide no services or add value from their services. Anyone can trade stocks today, this very minute, without those entities, but they definitely expedite the process and make it more efficient for most stock buyers and sellers.

And they are NOT the government.

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It's like pulling teeth in here.

They just say, "it's better". OK well why? They then read some bullet points but have nothing of their own to offer.

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They just say, "it's better". OK well why?

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We have explained our reasoning in this and many other threads. I have personally explained the technology, and given my opinions on the value proposition on the features I've described. I'm sorry that you are too dense to understand that some people value things differently than you. You also fail to grasp that getting you to believe in the concepts we are describing is not necessary to their success. Some people have vision and some people don't. I would count you in the "don't" category, along with a few others from this board.

You ask questions like "Why is a decentralized stock exchange good?" and when someone responds and says because it cuts out the middle man, removes regulation, etc, you make an asinine response like "So regulation is bad?"

We are not arguing that people should be forced to use any of these decentralized technologies. But we are arguing that they will be available and that their value propositions will be very compelling to a very, very large amount of people throughout the world. It's fine if you don't like that. It's fine if you don't believe they will add any real value for yourself. But to act like they provide no value or advantage over the status quo is just plain dumb. And sadly, that's been the attitude of most of the "bitcoin haters" on this site. Their myopic viewpoint forces them to think things like, "Hmm, well I have no need to instantly transmit value across the world at 2am on a Sunday, so it must not be something that is beneficial." But like I said, some people just lack vision...

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So it would be OK for lead products to be in your household goods and possibly poison your children?

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No.

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Well friend, you posted it as a benefit. Sorry, I will rephrase.... Why is it a benefit? in Your words...

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This is getting circular. If a contract is not executed properly there are automatic actions that occur. No dispute, no third party, nothing is necessary. It is automated.

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Inefficiencies? You aren't claiming I talked about inefficiencies are you? Well, prove it...

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Yes, when I brought up Colored Coins as an asset you said "What happens to the property when you buy a stick of gum" or something nonsensical like that. That points to an inefficiency in the Colored Coin protocol that doesn't exist.

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But what if there is a dispute?

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The conditions are automatic in the nature of the contract. If X happens then Y, if X doesn't happen then Z, and so on.

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How does this affect you today?

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I pay higher prices everywhere I go because of the fees involved.

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I would like to know why adopters of Bitcoin see this as the future.

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Say you are a businessman in some off beaten African country with no access to financial markets, but you have a phone and a business plan. You can set up an IPO on your phone and issue stock without any permission, restriction, or cost and get your business started.

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Word play.

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No, it's not word play, we were talking about adding a derivative layer to the bitcoin protocol that attached property ownership to bitcoins. You asserted that buying a piece of gum would send those bitcoins from your wallet and you would lose the ownership of the property. This is incorrect.

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We have explained our reasoning in this and many other threads. I have personally explained the technology, and given my opinions on the value proposition on the features I've described. I'm sorry that you are too dense to understand that some people value things differently than you. You also fail to grasp that getting you to believe in the concepts we are describing is not necessary to their success. Some people have vision and some people don't. I would count you in the "don't" category, along with a few others from this board.

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You ask questions like "Why is a decentralized stock exchange good?" and when someone responds and says because it cuts out the middle man, removes regulation, etc, you make an asinine response like "So regulation is bad?"
Sweet personal attacks. I haven't been in the other threads in which you explained "to me" the value of decentralization and why this "is" the future.

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Yea, I asked a question. You are free to not answer, but he did and specifically said "government regulation".

I also like to expound on why the middle man is bad and why that needs to be cut. You says these things freely with no "evidence" that they are not needed. Simply saying they are not needed means nothing......


I further challenge you to prove that "I" have described any concept as "not necessary to their success".

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We are not arguing that people should be forced to use any of these decentralized technologies. But we are arguing that they will be available and that their value propositions will be very compelling to a very, very large amount of people throughout the world. It's fine if you don't like that. It's fine if you don't believe they will add any real value for yourself. But to act like they provide no value or advantage over the status quo is just plain dumb. And sadly, that's been the attitude of most of the "bitcoin haters" on this site. Their myopic viewpoint forces them to think things like, "Hmm, well I have no need to instantly transmit value across the world at 2am on a Sunday, so it much not be something that is beneficial." But like I said, some people just lack vision...

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I clearly stated that from the information offered in this thread, I see no value. You were offended by this it seems and still have yet to tell me "YOUR" original thoughts.

You did bring up a situation in Egypt for some reason though....

I know, I know, you have said you have covered this in many threads before... but alas, we are here and not there....

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Yet another example of him not understanding what he's even discussing.

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Do you understand the meaning of a question then? I never once claimed to know about smart contracts. I asked clear questions.

What do you have to offer?