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(solved)Why try to push bitcoin so hard

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pawRoot
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Re: Why try to push bitcoin so hard

#21 Post by pawRoot »

If BTC is a pyramid scheme then who is on top ?
Wheelerof4te wrote:Only physical money (be it backed by gold or large military) can be vaiable mechanism of exchange.
Money aren't backed by gold since a long time, you need to educate yourself.

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Re: Why try to push bitcoin so hard

#22 Post by cds60601 »

pawRoot wrote:If BTC is a pyramid scheme then who is on top ?
Wheelerof4te wrote:Only physical money (be it backed by gold or large military) can be vaiable mechanism of exchange.
Money aren't backed by gold since a long time, you need to educate yourself.
That is correct. The US dollar went off the gold standard in the 30's or the 70's (depending on your point of view of course).
Supercalifragilisticexpialidocious

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Re: Why try to push bitcoin so hard

#23 Post by Wheelerof4te »

pawRoot wrote:Money aren't backed by gold since a long time, you need to educate yourself.
And you really need to be a little less hostile. I knew that, that's why I added "military". It was a hypothetical example. FYI, I've studied economy and know a bit (meaning a lot) about it. You maybe need to educate yourself about financial bubbles and how they're made. To you it sounds reasonable for a "currency" to be so volatile as to peek 20k $ and few weeks later to plummet below 10k?!
pawRoot wrote:If BTC is a pyramid scheme then who is on top ?
The ones who control the internet, the IP providers and the US government with it's many intel agencies. Even uneducated people know that. Guess why it's being banned in China (including India, South Korea an some others) and heavily regulated in Russia?

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Re: Why try to push bitcoin so hard

#24 Post by golinux »

There was an interesting factoid about bitcoin in a TedX talk that jaromil (dyne.org) gave a few years ago. It seems that bitcoin was developed as a creative solution to get around the blockade that financial institutions put on donations to Julian Assange and Wikileaks. When there is oppression, those seeking freedom will always find a way around. ;)
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Re: Why try to push bitcoin so hard

#25 Post by pawRoot »

Wheelerof4te wrote:To you it sounds reasonable for a "currency" to be so volatile as to peek 20k $ and few weeks later to plummet below 10k?!
When did i say that ?
Wheelerof4te wrote:The ones who control the internet, the IP providers and the US government with it's many intel agencies.
Total bollocks.

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Re: Why try to push bitcoin so hard

#26 Post by None1975 »

Bitcoin...This is the greatest deception of all time...They are used by parasites, fraudsters, stock market speculators and other capitalists.
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Re: Why try to push bitcoin so hard

#27 Post by None1975 »

Fernando Negro wrote:Addendum

For those of you who have any doubts that the whole World Economy is about to Collapse (https://www.youtube.com/watch?v=ZjVT26Sm-EY#t=17m50s) you need to go no further than here:

http://forum.prisonplanet.com/index.php ... #msg899883

(Nobody can tell exactly when will this happen. But, it's an inevitability.)
This is an indisputable principle of capitalism. Study Karl Marx and V.I. Lenin. They explained everything.
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Re: Why try to push bitcoin so hard

#28 Post by pawRoot »

None1975 wrote:
Fernando Negro wrote:Addendum

For those of you who have any doubts that the whole World Economy is about to Collapse (https://www.youtube.com/watch?v=ZjVT26Sm-EY#t=17m50s) you need to go no further than here:

http://forum.prisonplanet.com/index.php ... #msg899883

(Nobody can tell exactly when will this happen. But, it's an inevitability.)
This is an indisputable principle of capitalism. Study Karl Marx and V.I. Lenin. They explained everything.
Who cares what communists said ?

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Re: Why try to push bitcoin so hard

#29 Post by Wheelerof4te »

^Be they communists or not, it is true that most of what they predicted is coming true. I believe it's very ignorant to dismiss the obvious truths just because someone belonged to a certain ideology. What about Friedman's and Adam Smith's free market economy?
How did that go and where do we stand now with that pipe dream?

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Re: Why try to push bitcoin so hard

#30 Post by RU55EL »

Wheelerof4te wrote:[...]
pawRoot wrote:If BTC is a pyramid scheme then who is on top ?
The ones who control the internet, the IP providers and the US government with it's many intel agencies. Even uneducated people know that. Guess why it's being banned in China (including India, South Korea an some others) and heavily regulated in Russia?
I think you have it backward. Bitcoin was developed privately in order to circumvent government and bank control of money. That is why China, India, South Korea, etc., suppress it. Bitcoin eliminates banks and Governments as a middlemen.

Big business has seen the advantages of the block-chain algorithm* and, of course, they want to use it for profit.

*The block chain algorithm: Part of what makes bitcoin work, but not bitcoin itself.

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Re: Why try to push bitcoin so hard

#31 Post by golinux »

RU55EL wrote:I think you have it backward. Bitcoin was developed privately in order to circumvent government and bank control of money. That is why China, India, South Korea, etc., suppress it. Bitcoin eliminates banks and Governments as a middlemen.
Exactly. I said pretty much the same thing here but it seems nobody got it.
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Re: Why try to push bitcoin so hard

#32 Post by Wheelerof4te »

Gee', I should be buying my own mining farm to make money out of thin air. Why not, who needs archaic things like actual work and pay? Let's hop on to the cryptocurrency choo-choo train! /s

Enjoy your pipe dream without me.

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Re: Why try to push bitcoin so hard

#33 Post by None1975 »

pawRoot wrote:Who cares what communists said ?
Go away, fat troll.....
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Re: Why try to push bitcoin so hard

#34 Post by RU55EL »

Wheelerof4te wrote:Gee', I should be buying my own mining farm to make money out of thin air. Why not, who needs archaic things like actual work and pay? Let's hop on to the cryptocurrency choo-choo train! /s

Enjoy your pipe dream without me.
Bitcoin mining computers are not cheap, and don't produce very much Bitcoin. The bitcoins awarded are for providing computing power to process and store the blockchain. You are not going to get rich mining Bitcoins. If you think you are, you have been smoking something funny in your pipe.

If you want to send money, or buy something without using a banking institution, you can use cash or Bitcoins. Bitcoins are easier over vast distances.

That being said, I don't use Bitcoins because I don't completely understand how they work. When it comes to money, you can't have high potential gain without high potential risk, and you shouldn't invest in something that you don't understand.

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Re: Why try to push bitcoin so hard

#35 Post by pawRoot »

None1975 wrote:
pawRoot wrote:Who cares what communists said ?
Go away, fat troll.....
Commie spotted.
Wheelerof4te wrote:Gee', I should be buying my own mining farm to make money out of thin air.
So you are saying you can make money out of thin air, but you dont do it yet because ?

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Re: Why try to push bitcoin so hard

#36 Post by Head_on_a_Stick »

pawRoot wrote:Commie spotted
You are aware that most Debian users are communists, right?

Educate yourself:

Code: Select all

# apt install anarchism
:mrgreen:

I think I posted something vaguely on-topic in a similar thread in another forum:

https://forums.bunsenlabs.org/viewtopic ... 835#p65835
deadbang

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Re: Why try to push bitcoin so hard

#37 Post by pawRoot »

Head_on_a_Stick wrote:
pawRoot wrote:Commie spotted
You are aware that most Debian users are communists, right?
So im actually on a communist forum... nice ....

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Re: (solved)Why try to push bitcoin so hard

#38 Post by GarryRicketson »

Actually this topic was solved some time ago, the question "Why try to push bitcoin so hard", was answered, pretty simple:
Some people can make a lot of real money and gain power off it. Part of making it profitable involves "pushing" and promoting it every where.
As for the rest, it has now turned into a political , troll thread. So I am asking that a mod or admin please just close the topic.
Thank you.

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Re: Why try to push bitcoin so hard

#39 Post by GarryRicketson »

Head_on_a_Stick wrote:
pawRoot wrote:Commie spotted
You are aware that most Debian users are communists, right?

Educate yourself:

Code: Select all

# apt install anarchism
:mrgreen:

I think I posted something vaguely on-topic in a similar thread in another forum:

https://forums.bunsenlabs.org/viewtopic ... 835#p65835
https://www.vocabulary.com/dictionary/commie
commie

Commie is derogatory slang for communist. You shouldn't call someone a commie unless you want to start a fight.
Just goes to show.
Again, I ask that a mod just close the topic.

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Re: (solved)Why try to push bitcoin so hard

#40 Post by Head_on_a_Stick »

Sorry! :oops:
deadbang

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