Merged Bitcoin - Part 3

[psionl0]

So you admit that blockchain was developed specifically to implement 'digital cash', not for any other purpose. And this was supposed to replace traditional payment methods using fiat currency, which is why the white paper calls it 'cash'.

As usual, you have attempted to weave a whole cloth out of a piece of straw. Nowhere in his white paper did Nakamoto suggest that his technology would "replace" traditional currencies/banking.

 

[dirtywick]

psion thinks $200m scams are boring and not worth talking about. can't resist looking at them and doing an emoji to let everyone know how above caring about giant scams that steal millions of dollars from people like him he is though.

anyway, i disagree. i think they are worth talking about.

 

[psionl0]

psion thinks $200m scams are boring and not worth talking about.

They aren't. Scams of all kinds are so common place that nobody needs a reminder that they exist. So much telephone/email traffic I receive comes from scammers that I have made it a policy not to answer a phone call or read an email unless I know its source.

If you posted possible solutions to these scammers then it would be more interesting. And don't think that banning cryptos is an answer.

 

[dirtywick]

my solution is to inform people of the dangers of being scammed by crypto so they choose not to use crypto

 

[psionl0]

my solution is to inform people of the dangers of being scammed by crypto so they choose not to use crypto

Cryptos don't scam people. Scammers scam people. Your solution is a non-solution. It won't stop people being scammed.

 

[dirtywick]

Cryptos don't scam people. Scammers scam people. Your solution is a non-solution. It won't stop people being scammed.

i mean, it'll stop crypto scams.

anyway, enough about me. just worry about yourself.

 

[psionl0]

i mean, it'll stop crypto scams.

 

[dirtywick]

from the guy who thinks if you can't stop all scams you shouldn't talk about crypto scams in the crypto thread, the laughing dog. probably, and consistently, among his best contributions to the thread.

 

[psionl0]

from the guy who thinks if you can't stop all scams you shouldn't talk about crypto scams in the crypto thread, the laughing dog. probably, and consistently, among his best contributions to the thread.

Your false dichotomy almost warrants another laughing dog.

 

[dirtywick]

not quite though huh?

anything on topic to add here? are we done? it feels like it to me

 

[dirtywick]

Binance Founder CZ: Privacy 'Missing Link' for Crypto Payments Adoption

Changpeng Zhao called on the industry to prioritise crypto privacy features, arguing that the gap is holding back mainstream adoption.

finance.yahoo.com

cz, pardon purchasing money launderer and former ceo of binance which is one of the biggest crypto exchanges on the planet, says block chain transparency is holding crypto back from mass adoption as a currency. nobody wants their entire financial history available publicly.

well, except crypto exchanges. they conduct most of their transactions off chain.

"(Lack of) Privacy may be the missing link for crypto payments adoption," he said.

He used the example of a company that pays employees in crypto on-chain. “With the current state of crypto, you can pretty much see how much everyone in the company is paid (by clicking the from address)," CZ wrote.

 

[steenkh]

Binance Founder CZ: Privacy 'Missing Link' for Crypto Payments Adoption

Changpeng Zhao called on the industry to prioritise crypto privacy features, arguing that the gap is holding back mainstream adoption.

finance.yahoo.com

cz, pardon purchasing money launderer and former ceo of binance which is one of the biggest crypto exchanges on the planet, says block chain transparency is holding crypto back from mass adoption as a currency. nobody wants their entire financial history available publicly.

Is he dreaming of a crypto currency where nothing can be traced? Like what we used to call “cash”?

 

[psionl0]

Is he dreaming of a crypto currency where nothing can be traced? Like what we used to call “cash”?

It's not a dream.

https://www.getmonero.org/get-started/faq/

 

[dirtywick]

Dubai’s $2.5 Billion Tokenized Gold Ecosystem - Phoenix Refining

Phoenix Refining

www.phoenixrefining.com

digital gold has some competition as dubai launches digital gold

 

[dirtywick]

26:50 patrick boyle explains the bitcoin juggalo theory

 

[psionl0]

26:50 patrick boyle explains the bitcoin juggalo theory

There is no such thing as "the bitcoin juggalo theory". This is just a crude attempt to label anybody who would buy bitcoin for any reason a "cult fanatic" by making false comparisons between bitcoin and juggalo coin.

Juggalo coin was created in 2014 specifically for "juggalos" (fans of Insane Clown Posse - aka "The Family").

 

[dirtywick]

oh it’s real. it was explained in the video.

 

[jeremyp]

There is no such thing as "the bitcoin juggalo theory".

Of course there is. By explaining it, Patrick Boyle ensures that it exists. Whether it is true or not is another matter. It certainly is true that the only way to make money on BTC is to persuade somebody else to pay more money for your BTC than you paid the person who scammed you with it.

 

[dirtywick]

i can tell he didn’t watch it because he started talking about juggalo coin.

 

[psionl0]

Of course there is. By explaining it, Patrick Boyle ensures that it exists.

I just made up the "jeremyp theory". I don't even have to explain it. It now officially exists.