fat0wl

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271.
by fat0wl 13y ago
Eh I shouldn't have even bothered with this argument because look... I wouldn't give a s__t about "eGold" either. (Credit Cards || Google Wallet) > All this junk The only reason I bothered with the gold argument is be
272.
by fat0wl 13y ago
heh so then how come when Bitcoiners are quoting the price of the ecosystem they always take the number of BTC * the highest standing OTB... i know thats kindof a tangent but.... seriously, i'm curious
273.
by fat0wl 13y ago
I think it's naive because NO investment offers that kind of return. People looked like absolute fools for trusting Madoff to give 5 or 10% or whatever it was, now theyre expecting 1000% just because this is "computers.... the fut
274.
by fat0wl 13y ago
Just sayin -- quoting everything related to Bitcoin constantly as if it's USD in your pocket is so misleading. For a group that loves BTC so much and eschews the US Dollar, they sure love to quote it.
275.
by fat0wl 13y ago
Doesn't anyone find it odd that the price is quoted in USD and not BTC?
276.
by fat0wl 13y ago
yea but that involves work in a sense. You have to tend to this land and develop communities or the land is worthless. I'm sure the value grew over time as the residents were able to make it into a nicer place. They didn't just bu
277.
by fat0wl 13y ago
This is interesting but where you go off the rails is with the word "dominate". If it's a currency and very easily divisible (move some decimal places) why would one need to dominate it? You Bitcoiners claim to be more than j
278.
by fat0wl 13y ago
so what? i just paid $0 to transfer 1000 unicorns from Narnia to Neverneverland
279.
by fat0wl 13y ago
ahaha thanks bud!! it's been exhausting because they have so many buzzwords designed to handle counter-arguments, so many people with money invested, and well -- the fact is people are willing to pay for them. What I've been learn
280.
by fat0wl 13y ago
ahhhh genius. of course. make it the problem of somebody who's trying to prop it up or actually believes in the exchange rate ;)
281.
by fat0wl 13y ago
There are actually common market manipulation trading tricks (will get you busted immediately in the stock market) that people use regularly in Bitcoin. Read the section in this article titled Enter the tape-painting “Shark Squad” . I&#x27
282.
by fat0wl 13y ago
eXACTLY! ughhhhhhh 100x yes. i'm always given this "risk" argument and I think "what's the risk in investing pocketchange & leaving on your pc.... it's not like you founded a start-up out-of-pocket". I
283.
by fat0wl 13y ago
Neither. I'm a signal processing engineer & generally a good guy. And I think the digital currency ecosystem is interesting but I do think that Bitcoin's system (carrying out automated rules from benevolent leader) is kindof a
284.
by fat0wl 13y ago
eh true i didn't click the link i assumed from the name since there are so many wannabes showing up. But again, it doesn't look like Google is accepting Bitcoin in exchange for their services. They just invested in a company that
285.
by fat0wl 13y ago
Eh I'll be honest I'm not sure exactly how the gold standard works but I'm pretty sure it's priced individually against many currencies, whereas Bitcoin's whole pricing system is fantastical. I'm pretty sure Bi
286.
by fat0wl 13y ago
It's not that I am against virtual currency and think there is no interest in it -- I just think the Bitcoin scheme is so f__ked that respected corps don't wanna be involved. I'm not surprised at all that Google invested in a
287.
by fat0wl 13y ago
USD is more stable because gov/banks/etc. are all staring at it all day, as well as their country's population. Not saying I trust them but I'd rather have a bill backed by the US gov than by Satoshi Nakamoto. He's
288.
by fat0wl 13y ago
Totally agreed -- they pretend to support the platform for the hipster cred & expanded market, but I'm sure the corporate policy is "Bitcoin arrives. Bitcoin is immediately placed on exchange". I'd be surprised if co
289.
by fat0wl 13y ago
Think about it man, if the Bitcoin delusion ends it is worth nothing. In a gold-backed online currency if it failed the users could just be beneficiaries of the trust. I'm not saying this is the ideal solution because I think maybe a c
290.
by fat0wl 13y ago
missing from that list -- Google, Yahoo, Amazon... actual retailers with products I don't care what VC hipsters are doing, and who the hell were the Winklevii before they started hyping bitcoin?
291.
by fat0wl 13y ago
yeah but people shouldn't be getting involved with a currency just because it's so scammable. I commend you for not getting involved. I think Bitcoin speculators are immoral. Someone is going to end up footing the bill and it will
292.
by fat0wl 13y ago
yeah the fact that the Bitcoin scam is spreading raises eyebrows. Companies want to accept it to sound futuristic but they should really be shutting it down. Notice how none of the tech-giants want to get involved with it. Bitcoin isn'
293.
by fat0wl 13y ago
Eh I don't want to program Silverlight though....... I'd rather just use html/css/js for UI.
294.
by fat0wl 13y ago
greed-monger! Currency is something relatively stable, it's not a trading platform. I spoke about it in this way the other day -- One should not have to consult an exchange rate to figure out how much their currency is worth. They shou
295.
by fat0wl 13y ago
Heh I agree with your concept a bit, I was thinking about that myself. But here's the counter -- WHO REALLY WANTS TO RELIVE THE DARK AGES?!! Great headline: "Crypto-Currency of the Future Promises a Return to Medieval Economics vi
296.
by fat0wl 13y ago
Hah a big rumor or simpler: sound economic logic/truth... either one should do the trick, but right now greed is leading
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by fat0wl 13y ago
Yeah this is the closest so far -- a fleshed out version of the RPC avenue. Thanks so much for the responses, these are really great ideas.
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by fat0wl 13y ago
Hah rich families are usually rich because they spear-headed a manufacturing industry or rose to political power. Yes, their CHILDREN may not deserve the wealth, but they earned it. Bitcoiners are getting rich for designing a pump-and-dump
299.
by fat0wl 13y ago
The whole price of Bitcoin is an illusion that they use to get people to keep buying. It's the result of a bidding war. There is an article here about that basically explains (this is my interpretation not his words) how the price of B
300.
by fat0wl 13y ago
heh i don't want to build an APP!! that's kinda the point, lol. i'm not an app developer. i make audio stuff with machine learning tools & I'm a web dev to pay the bills. But in this case all i really want is to buil

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