Merged Bitcoin - Part 3

[psionl0]

I’m not going to go through the thread and multi-quote everything to point out where my interlocutor starts the dishonest argumentation with straw men and false binaries.

I have made a genuine effort to try and get your point. I guess this is beyond me.

 

[a_unique_person]

If it is your contention that there was something underhanded about how the early blocks were mined then you are mistaken. It's all a matter of public record.

The Genesis block was first created on 3 January 2009 and the entity known as Satoshi Nakamoto started mining 6 days later. On February 11 2009 Nakamoto posted about bitcoin on the P2P foundation forum and included a link to the necessary software. (https://news.bitcoin.com/13-years-a...hed-the-first-forum-post-introducing-bitcoin/).

Obviously Nakamoto and those who initially decided to install the software in those early months mined the bulk of the blocks but contrary to suspicions, there was no "secret cabal" amassing huge numbers of bitcoin before letting anybody know about its existence.

Bitcoin’s inventor further stressed:

We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.​

LOL.

​

 

[a_unique_person]

"It made sense to me to invest in Dogecoin because it's the very first time you have a meme and a cryptocurrency paired together," he said.

"I call it the language of the millennials, memes. We send memes to each other all the time, it's just the way that we communicate, and Generation Z."

"So, I figured, okay, this is going to be the next play," he said. "People are going to start investing in Dogecoin and it's going to take off.

Yes, it's a coin AND a meme .


The 'SlumDoge Millionaire' made it big with crypto. His fortune is now vanishing but he's all in
https://www.abc.net.au/news/2022-05-30/cryptocurrency-four-corners-investigation/101092486

 

[a_unique_person]

I’m not going to go through the thread and multi-quote everything to point out where my interlocutor starts the dishonest argumentation with straw men and false binaries.

Enjoy the weekend. Crypto never sleeps, but I sure do.

I don't agree with Psion but I don't get the obsession here with only tolerating people we agree with.

 

[psionl0]

I don't agree with Psion . . . .

What do you disagree with?

 

[EaglePuncher]

I don't agree with Psion but I don't get the obsession here with only tolerating people we agree with.

He is presented with valid criticism, he always replies with a variation of "Nuh uh!" and is called out for it. Which part would you call "obsessive"?

 

[a_unique_person]

Expecting anything else. He's given his answer already.

 

[EaglePuncher]

Whatever..

 

[psionl0]

Expecting anything else. He's given his answer already.

Are you refusing to say which of "my" claims you disagree with?

 

[llwyd]

Well, whatever Bitcoin is, it's not a good currency. The role of the currency is to be stable and undramatic and as predictable as possible. This Bitcoin is ever so blatantly not. But it seems to have been a pretty good object of investment in these last few years. My guess is that it's basically like tulips or millennium era start-ups or what ever market bubble there has ever been, but who knows - only time will tell.

 

[The Don]

Well, whatever Bitcoin is, it's not a good currency. The role of the currency is to be stable and undramatic and as predictable as possible. This Bitcoin is ever so blatantly not. But it seems to have been a pretty good object of investment in these last few years. My guess is that it's basically like tulips or millennium era start-ups or what ever market bubble there has ever been, but who knows - only time will tell.

That was my opinion years ago, and I was convinced that bitcoin would have been worthless for years by now. It's clear that I was utterly wrong and either bitcoin has durable utility I hadn't appreciated or the bubble is remarkably resilient.

 

[psionl0]

That was my opinion years ago, and I was convinced that bitcoin would have been worthless for years by now. It's clear that I was utterly wrong and either bitcoin has durable utility I hadn't appreciated or the bubble is remarkably resilient.

It just goes to show that word association is a poor way to analyze bitcoin. Bitcoin is unlike anything that has ever preceded it.

 

[EaglePuncher]

It just goes to show that word association is a poor way to analyze bitcoin. Bitcoin is unlike anything that has ever preceded it.

"Only the true believers in Bitcoin can see how great it is. Everyone else is just falling for negative propaganda!!!!!"

 

[psionl0]

"Only the true believers in Bitcoin can see how great it is. Everyone else is just falling for negative propaganda!!!!!"

Another content free post, I see.

 

[TurkeysGhost]

Critical support for Madison Cawthorn running a pump and dump scam on the most loathsome rubes in this country:

Madison Cawthorn reaped profits with crypto 'pump and dump' scheme, filing shows

Outgoing Rep. Madison Cawthorn (R-NC) revealed Friday he sold upward of $250,000 of the Let's Go Brandon meme cryptocurrency on Dec. 31, 2021, the day it saw its market value peak. Less than a month later, the meme coin had lost 100% of its value.

Enriching a scammer to own the libs

https://www.washingtonexaminer.com/news/house/madison-cawthorn-reaped-profits-with-crypto-pump-and-dump-scheme-filing-shows

 

[EaglePuncher]

But, but but this thread is about Bitcoin and Bitcoin is soooper dooper different because of reasons!!!

 

[TurkeysGhost]

Well, they finally did it. The scam economy is now too big to fail. Congrats I guess.

TECH
Britain plans new safeguards for stablecoins that go bust in wake of Terra’s collapse

Britain wants to make sure stablecoins don’t end up threatening the wider financial system following the collapse of controversial crypto project Terra.

The government on Tuesday proposed amending existing rules to manage the failure of stablecoin firms that may pose a “systemic” risk. The proposal is separate from previously announced plans to regulate stablecoins under laws governing electronic payments.

https://www.cnbc.com/2022/05/31/uk-plans-new-safeguards-for-stablecoins-after-terra-collapse.html

 

[JoeMorgue]

Critical support for Madison Cawthorn running a pump and dump scam on the most loathsome rubes in this country:



Enriching a scammer to own the libs

https://www.washingtonexaminer.com/news/house/madison-cawthorn-reaped-profits-with-crypto-pump-and-dump-scheme-filing-shows

It's Bitcoin already the "Let's Go Brandon!" of the crypto world?

 

[lomiller]

That was my opinion years ago, and I was convinced that bitcoin would have been worthless for years by now. It's clear that I was utterly wrong and either bitcoin has durable utility I hadn't appreciated or the bubble is remarkably resilient.

John Maynard Keynes: “Markets can stay irrational longer than you can stay solvent."

 

[psionl0]

https://www.cnbc.com/2022/05/31/uk-plans-new-safeguards-for-stablecoins-after-terra-collapse.html

Britain wants to make sure stablecoins don’t end up threatening the wider financial system following the collapse of controversial crypto project Terra.

Bitcoin is definitely not a "stablecoin".