5 ms·

Every point you have written is incorrect. I suggest you spend 5 minutes researching all of your points and you can see that. But to summarise, all those coins

by r32a_ 8y ago

Every point you have written is incorrect. I suggest you spend 5 minutes researching all of your points and you can see that. But to summarise, all those coins in those addresses are held in known wallets of exchanges and wallets, bitcoin inflation is halved every few years, breaking bitcoin crypto will have devastating effects on the entire world including all banks and governments, Bitcoin crypto tech can be changed, bitfinexed is a joke and has been proven to be wrong many, many times.

AnimalMuppet 8y ago
nosuchthing actually presented the results of research. You presented nothing but claims with no support. Advantage: nosuchthing.
- r32a_ 8y ago
  The points he presented are so ridiculous that I don't see any point in convincing him, his mind is already made up.
  - nosuchthing 8y ago
    You're attempting to argue with nothing to offer? hmm looks like your mind is made up but you have nothing to show for it? The main points I presented are provable, leaving only the Bitfinex'ed theory up to the evidence and allegations presented which have been backed up with additional university studies. [1] A] Bitcoin hyperinflation and low cost ROI/CAPEX/OPEX supply acquisition by Satoshi's Bitcoin mining rule set can be understood by reading the original Bitcoin white paper and factoring in the low difficulty and tiny user base during the initial period of hyper inflation. B] The current inflation rate for the United States is 1.9% for the 12 months ended December 2018, as published on January 11, 2019 by the U.S. Labor Department. Bitcoin inflation rate per annum: 3.83% [3] C] Control of the Bitcoin supply being owned by an oligarchy. This is provable by looking though any of the Blockchain explorer APIs or by analyzing the blockchain yourself. Even if we were to assume the 4.11% of Bitcoin users (addresses) who control 96.53% of all bitcoins in circulation were actually the main exchanges, this is still much worse than the traditional banking/financial markets due to the current unaccountable nature of how those exchanges operate. An ongoing trend in the Bitcoin markets is the famous BART phenomenon, presumably one of the largest owners of Bitcoins is manipulating the entire market though short squeezes which last a few minutes before the market returns to where nearly exactly where it was before. The most plausible explanation is one or more exchange operators are capable of mixing fractional reserve deposits with manipulation of the futures markets to fraudulently terminate market contracts with those extreme temporary spikes in volatility and minimize their risk by returning the market price back to where it was prior before any deposits/withdraws can be confirmed between exchanges. [1] https://www.bloomberg.com/news/articles/2018-06-13/professor-who-rang-vix-alarm-says-tether-used-to-boost-bitcoin https://www.bloomberg.com/news/articles/2018-06-13/professor... https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066&download=yes https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066&... [2] https://www.usinflationcalculator.com/inflation/current-inflation-rates/ https://www.usinflationcalculator.com/inflation/current-infl... [3] https://www.bitcoinblockhalf.com/ https://www.bitcoinblockhalf.com/
    - r32a_ 8y ago
      Bitcoin inflation rate will reduce to be less than gold. Unlike Gold or U.S Dollar, this number can be predicted to perfect accuracy. https://bitcoinvisuals.com/misc-future-supply https://bitcoinvisuals.com/misc-future-supply Bitcoin hyperinflation during the early period is part of the design? It gave incentive to people invest money into the network and asset. Many of those addresses are known addresses of exchanges, yes it's a problem that everyone puts money into the exchanges. However that is changing, new decentralized exchanges, atomic swap technologies already exist for people to move away from centralized exchanges. The industry has come a long way and still has further to go. Also the "regulated" banks that you speak of, plunged the world into the financial crisis and got away with it no harm. These "regulated" are constantly caught break multiple laws and manipulating markets. https://en.wikipedia.org/wiki/Libor_scandal https://en.wikipedia.org/wiki/Libor_scandal https://www.telegraph.co.uk/business/2017/12/11/hsbc-spared-us-money-laundering-sanctions-battles-clean-act/ https://www.telegraph.co.uk/business/2017/12/11/hsbc-spared-... http://www.cityam.com/269831/goldman-sachs-hit-52m-fine-short-selling http://www.cityam.com/269831/goldman-sachs-hit-52m-fine-shor... https://www.bloomberg.com/news/articles/2018-05-01/goldman-sachs-to-pay-110-million-to-n-y-fed-for-forex-conduct https://www.bloomberg.com/news/articles/2018-05-01/goldman-s...
      - nosuchthing 8y ago
        The issue you're ignoring is accountability. Decentralized exchanges are a myth. Someone is creating the software and with the added complexity, lack of accountability with anonymous developers comes the risk of malware hidden in software updates. The only reason I can imagine you or anyone would try to argue that the answer to an imperfect legal, regulatory, and financial system is to abolish it and move to a new system designed to bypass accountability and where the money supply was designed to be minted very rapidly to an anonymous group of oligarchs who then simply horde it, would be because there's a strong psychological motivation for you to attempt to convince other people to "buy" into your deregulated penny stock database not because there's any real world benefit over a regulated system, but because you simply want to sell your stock for a higher price - leaving the greater fools who buy database tokens holding a bag of something they can't use anywhere. Deregulation helps against malicious actors how?? https://medium.com/cryptopay/list-of-known-bitcoin-scams-beware-of-fraudsters-de8f7442acd0 https://medium.com/cryptopay/list-of-known-bitcoin-scams-bew... https://bitcointalk.org/index.php?topic=576337 https://bitcointalk.org/index.php?topic=576337 Bitcoin and cryptocoins have been plagued with malicious actors since its inception. From Satoshi's wallets to MTGOX, the countless Bitcoin hacks and scams. https://en.wikipedia.org/wiki/Mt._Gox https://en.wikipedia.org/wiki/Mt._Gox https://bitcointalk.org/index.php?topic=576337#post_linode_hacks https://bitcointalk.org/index.php?topic=576337#post_linode_h... https://bitcointalk.org/index.php?topic=576337#post_allinvain_theft https://bitcointalk.org/index.php?topic=576337#post_allinvai... https://bitcointalk.org/index.php?topic=576337#post_bitfloor_theft https://bitcointalk.org/index.php?topic=576337#post_bitfloor... yet another major Bitcoin bank/exchange has exit scammed. https://www.blockhaven.ca/releases/quadrigacx-a-potential-risk-for-investors https://www.blockhaven.ca/releases/quadrigacx-a-potential-ri... https://www.theguardian.com/technology/2015/mar/18/bitcoin-deep-web-evolution-exit-scam-12-million-dollars https://www.theguardian.com/technology/2015/mar/18/bitcoin-d... https://bitcoinmagazine.com/articles/fraudulent-south-korean-exchange-pure-bit-nabs-28m-ico-exit-scam/ https://bitcoinmagazine.com/articles/fraudulent-south-korean... When was the last time a Bank collapsed and FDIC insured deposits were lost? https://thenextweb.com/hardfork/2018/01/17/bitconnect-bitcoin-scam-cryptocurrency/ https://thenextweb.com/hardfork/2018/01/17/bitconnect-bitcoi... https://coinnewstelegraph.com/ethereum-news-new-zealand-based-cryptopia-exchange-suffers-hacker-attack-exit-scam-suspected/ https://coinnewstelegraph.com/ethereum-news-new-zealand-base... http://blogs.telegraph.co.uk/technology/willardfoxton2/100007836/bitcoin-pirate-scandal-sec-steps-in-amid-allegations-that-the-whole-thing-was-a-ponzi-scheme/ http://blogs.telegraph.co.uk/technology/willardfoxton2/10000... https://en.bitcoin.it/wiki/MyBitcoin https://en.bitcoin.it/wiki/MyBitcoin https://bitcoinist.com/canada-maplechange-exit-scam/ https://bitcoinist.com/canada-maplechange-exit-scam/

by r32a_ 8y ago

AnimalMuppet 8y ago

nosuchthing actually presented the results of research. You presented nothing but claims with no support. Advantage: nosuchthing.

r32a_ 8y ago
The points he presented are so ridiculous that I don't see any point in convincing him, his mind is already made up.
- nosuchthing 8y ago
  You're attempting to argue with nothing to offer? hmm looks like your mind is made up but you have nothing to show for it? The main points I presented are provable, leaving only the Bitfinex'ed theory up to the evidence and allegations presented which have been backed up with additional university studies. [1] A] Bitcoin hyperinflation and low cost ROI/CAPEX/OPEX supply acquisition by Satoshi's Bitcoin mining rule set can be understood by reading the original Bitcoin white paper and factoring in the low difficulty and tiny user base during the initial period of hyper inflation. B] The current inflation rate for the United States is 1.9% for the 12 months ended December 2018, as published on January 11, 2019 by the U.S. Labor Department. Bitcoin inflation rate per annum: 3.83% [3] C] Control of the Bitcoin supply being owned by an oligarchy. This is provable by looking though any of the Blockchain explorer APIs or by analyzing the blockchain yourself. Even if we were to assume the 4.11% of Bitcoin users (addresses) who control 96.53% of all bitcoins in circulation were actually the main exchanges, this is still much worse than the traditional banking/financial markets due to the current unaccountable nature of how those exchanges operate. An ongoing trend in the Bitcoin markets is the famous BART phenomenon, presumably one of the largest owners of Bitcoins is manipulating the entire market though short squeezes which last a few minutes before the market returns to where nearly exactly where it was before. The most plausible explanation is one or more exchange operators are capable of mixing fractional reserve deposits with manipulation of the futures markets to fraudulently terminate market contracts with those extreme temporary spikes in volatility and minimize their risk by returning the market price back to where it was prior before any deposits/withdraws can be confirmed between exchanges. [1] https://www.bloomberg.com/news/articles/2018-06-13/professor-who-rang-vix-alarm-says-tether-used-to-boost-bitcoin https://www.bloomberg.com/news/articles/2018-06-13/professor... https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066&download=yes https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066&... [2] https://www.usinflationcalculator.com/inflation/current-inflation-rates/ https://www.usinflationcalculator.com/inflation/current-infl... [3] https://www.bitcoinblockhalf.com/ https://www.bitcoinblockhalf.com/
  - r32a_ 8y ago
    Bitcoin inflation rate will reduce to be less than gold. Unlike Gold or U.S Dollar, this number can be predicted to perfect accuracy. https://bitcoinvisuals.com/misc-future-supply https://bitcoinvisuals.com/misc-future-supply Bitcoin hyperinflation during the early period is part of the design? It gave incentive to people invest money into the network and asset. Many of those addresses are known addresses of exchanges, yes it's a problem that everyone puts money into the exchanges. However that is changing, new decentralized exchanges, atomic swap technologies already exist for people to move away from centralized exchanges. The industry has come a long way and still has further to go. Also the "regulated" banks that you speak of, plunged the world into the financial crisis and got away with it no harm. These "regulated" are constantly caught break multiple laws and manipulating markets. https://en.wikipedia.org/wiki/Libor_scandal https://en.wikipedia.org/wiki/Libor_scandal https://www.telegraph.co.uk/business/2017/12/11/hsbc-spared-us-money-laundering-sanctions-battles-clean-act/ https://www.telegraph.co.uk/business/2017/12/11/hsbc-spared-... http://www.cityam.com/269831/goldman-sachs-hit-52m-fine-short-selling http://www.cityam.com/269831/goldman-sachs-hit-52m-fine-shor... https://www.bloomberg.com/news/articles/2018-05-01/goldman-sachs-to-pay-110-million-to-n-y-fed-for-forex-conduct https://www.bloomberg.com/news/articles/2018-05-01/goldman-s...
    - nosuchthing 8y ago
      The issue you're ignoring is accountability. Decentralized exchanges are a myth. Someone is creating the software and with the added complexity, lack of accountability with anonymous developers comes the risk of malware hidden in software updates. The only reason I can imagine you or anyone would try to argue that the answer to an imperfect legal, regulatory, and financial system is to abolish it and move to a new system designed to bypass accountability and where the money supply was designed to be minted very rapidly to an anonymous group of oligarchs who then simply horde it, would be because there's a strong psychological motivation for you to attempt to convince other people to "buy" into your deregulated penny stock database not because there's any real world benefit over a regulated system, but because you simply want to sell your stock for a higher price - leaving the greater fools who buy database tokens holding a bag of something they can't use anywhere. Deregulation helps against malicious actors how?? https://medium.com/cryptopay/list-of-known-bitcoin-scams-beware-of-fraudsters-de8f7442acd0 https://medium.com/cryptopay/list-of-known-bitcoin-scams-bew... https://bitcointalk.org/index.php?topic=576337 https://bitcointalk.org/index.php?topic=576337 Bitcoin and cryptocoins have been plagued with malicious actors since its inception. From Satoshi's wallets to MTGOX, the countless Bitcoin hacks and scams. https://en.wikipedia.org/wiki/Mt._Gox https://en.wikipedia.org/wiki/Mt._Gox https://bitcointalk.org/index.php?topic=576337#post_linode_hacks https://bitcointalk.org/index.php?topic=576337#post_linode_h... https://bitcointalk.org/index.php?topic=576337#post_allinvain_theft https://bitcointalk.org/index.php?topic=576337#post_allinvai... https://bitcointalk.org/index.php?topic=576337#post_bitfloor_theft https://bitcointalk.org/index.php?topic=576337#post_bitfloor... yet another major Bitcoin bank/exchange has exit scammed. https://www.blockhaven.ca/releases/quadrigacx-a-potential-risk-for-investors https://www.blockhaven.ca/releases/quadrigacx-a-potential-ri... https://www.theguardian.com/technology/2015/mar/18/bitcoin-deep-web-evolution-exit-scam-12-million-dollars https://www.theguardian.com/technology/2015/mar/18/bitcoin-d... https://bitcoinmagazine.com/articles/fraudulent-south-korean-exchange-pure-bit-nabs-28m-ico-exit-scam/ https://bitcoinmagazine.com/articles/fraudulent-south-korean... When was the last time a Bank collapsed and FDIC insured deposits were lost? https://thenextweb.com/hardfork/2018/01/17/bitconnect-bitcoin-scam-cryptocurrency/ https://thenextweb.com/hardfork/2018/01/17/bitconnect-bitcoi... https://coinnewstelegraph.com/ethereum-news-new-zealand-based-cryptopia-exchange-suffers-hacker-attack-exit-scam-suspected/ https://coinnewstelegraph.com/ethereum-news-new-zealand-base... http://blogs.telegraph.co.uk/technology/willardfoxton2/100007836/bitcoin-pirate-scandal-sec-steps-in-amid-allegations-that-the-whole-thing-was-a-ponzi-scheme/ http://blogs.telegraph.co.uk/technology/willardfoxton2/10000... https://en.bitcoin.it/wiki/MyBitcoin https://en.bitcoin.it/wiki/MyBitcoin https://bitcoinist.com/canada-maplechange-exit-scam/ https://bitcoinist.com/canada-maplechange-exit-scam/