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How do you explain the amount of time you dedicate to investigate and attack Bitcoin? Not saying that you are well informed though because most of what you've s

How do you explain the amount of time you dedicate to investigate and attack Bitcoin? Not saying that you are well informed though because most of what you've said is just wrong, but still it's pretty weird if you ask me. Especially when no one is forcing you to use it through violence, unlike other currencies (eg: the currency of whatever country you happen to live or do business in, probably USD).

patio11 12y ago
The great thing about engineering is that, if you think I'm wrong, then what I say can't possibly harm you, because the technical reality of Bitcoin doesn't care what I say about it. As for why I spend time on Bitcoin when I could be playing League of Legends: although the graphics are a lot less good and I believe BTC have a true market value below that of Riot Points, I find it intellectually interesting, and ultimately "I find it intellectually interesting" gives me carte blanche to spend time looking into almost anything. The capitalist in me realized at one point, though, that I'm consistently in a room full of rich, smart people who are Bitcoin fans. This suggests one of two possibilities: one, I'm dead wrong. Two, I am not wrong, and I should engage in mutually beneficial trades with these rich smart people, such as paying them meaningful amounts of money in return for derivatives positions which only pay out if Bitcoin loses "a gigantic amount" of its present value. I might at some point decide to communicate what I know to the wider community via market mechanisms such as e.g. buying puts in the Winklevoss BTC ETF, but as that is presently impossible and a wee bit against my intuitive sense of justice, I have been communicating with the community earlier via various textboxes. Again, if you think I'm a crank, feel free to ignore. If you meet any rich people who love Bitcoin, you can tell them to ignore me, too, and to sell far-dated deeply out of the money BTC ETF puts. If you think Bitcoin is going to the moon then selling 100k BTC worth of puts at a $10 a coin strike price means heads you get free money and tails means you pick up 100k BTC for only a million dollars!
- oafitupa 12y ago
  I see, you had to complete the sterotype as a Bitcoin hater so you added that you want to short soooo badly but you only don't do it because it's not possible yet. Which of course, like everything else you said, is wrong ;) > but as that is presently impossible and a wee bit against my intuitive sense of justice Let me guess. Your "intuitive sense of justice" is also where your hate for Bitcoin comes from? You hate that people were smarter than you when they decided to buy and you decided to stay in your comfort zone? By the way no one here said anything about being rich or Bitcoin reaching 100k or "the moon", so I guess I'll just ignore 3/4 of your comment because it's just a huge chain of straw men.

patio11 12y ago

The great thing about engineering is that, if you think I'm wrong, then what I say can't possibly harm you, because the technical reality of Bitcoin doesn't care what I say about it. As for why I spend time on Bitcoin when I could be playing League of Legends: although the graphics are a lot less good and I believe BTC have a true market value below that of Riot Points, I find it intellectually interesting, and ultimately "I find it intellectually interesting" gives me carte blanche to spend time looking into almost anything. The capitalist in me realized at one point, though, that I'm consistently in a room full of rich, smart people who are Bitcoin fans. This suggests one of two possibilities: one, I'm dead wrong. Two, I am not wrong, and I should engage in mutually beneficial trades with these rich smart people, such as paying them meaningful amounts of money in return for derivatives positions which only pay out if Bitcoin loses "a gigantic amount" of its present value. I might at some point decide to communicate what I know to the wider community via market mechanisms such as e.g. buying puts in the Winklevoss BTC ETF, but as that is presently impossible and a wee bit against my intuitive sense of justice, I have been communicating with the community earlier via various textboxes. Again, if you think I'm a crank, feel free to ignore. If you meet any rich people who love Bitcoin, you can tell them to ignore me, too, and to sell far-dated deeply out of the money BTC ETF puts. If you think Bitcoin is going to the moon then selling 100k BTC worth of puts at a $10 a coin strike price means heads you get free money and tails means you pick up 100k BTC for only a million dollars!

oafitupa 12y ago
I see, you had to complete the sterotype as a Bitcoin hater so you added that you want to short soooo badly but you only don't do it because it's not possible yet. Which of course, like everything else you said, is wrong ;) > but as that is presently impossible and a wee bit against my intuitive sense of justice Let me guess. Your "intuitive sense of justice" is also where your hate for Bitcoin comes from? You hate that people were smarter than you when they decided to buy and you decided to stay in your comfort zone? By the way no one here said anything about being rich or Bitcoin reaching 100k or "the moon", so I guess I'll just ignore 3/4 of your comment because it's just a huge chain of straw men.