Official Cryptocurrency Thread: Skepticism to Speculation

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. kentucky_dawg

    kentucky_dawg Fan of: Georgia :\
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    Is Coinbase still the defacto exchange to buy bitcoin? Pretty out of the loop but have heard decent things regarding CashApp.
     
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  2. user15000

    user15000 Well-Known Member

    No intrinsic value and ponzi scheme!!! Man I wonder if literally anyone has thought that before? Why did you casually skip the "crypto" huge flaw that you haven't felt like explaining yet? Here you should read some basic articles:

    https://unchained-capital.com/blog/bitcoin-is-not-backed-by-nothing/

    https://unchained-capital.com/blog/bitcoin-is-not-a-pyramid-scheme/

    Once you're done, come back to scream scam and ponzi so that I know you finished.

    And yes no shit miners are part of the network. They are incentivized to mine. Is that really your "gotcha" question? What happens with no miners??? It's an incentivized network system. What part of that don't you understand? There is previous discussion in this thread with me about what happens in 2140 when all of the btc is mined. You can't be this dense.
     
  3. user15000

    user15000 Well-Known Member

    CashApp is good. Kraken is probably a better exchange option than Coinbase.
     
  4. kentucky_dawg

    kentucky_dawg Fan of: Georgia :\
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    CashApp just throwing fits when I try and deposit money from a debit card, so ‍:crossedarms:
     
  5. HuskerGuy99

    HuskerGuy99 Above Average Member

    This is the difference between someone that thinks about the problem and someone that is purely a shill with tunnel vision.

    I think about what could go wrong based on the implementation. Based on the number of BTC forks out there, that's a lot of things.

    I suggest you work your way through my questionnaire with an open mind. There's enough in the first half to give pause. Once you understand that they have to artificially manipulate the price just to keep the miners going, I'm out of that nonsense. If you want to keep playing with that fire, go ahead.
     
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  6. HuskerGuy99

    HuskerGuy99 Above Average Member

    From Unchained Capital, Inc.
    "Our mission is to make cryptocurrencies into the most useful assets in the world. We provide cryptocurrency-secured loans to long-term holders."

    And you're linking me articles from those people to read at face value? You cannot be serious. Pure shillery. I wonder what those guys are going to write.
     
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  7. user15000

    user15000 Well-Known Member

    Your questions are stupid on their face. Has anybody told us about the security protocols? Does someone own the security protocol? Those are not even serious questions. It's an open source protocol. Do you want someone to read it to you? Or file a patent for it? It's like saying btc is invalid because it hasn't been trademarked yet. Ummmm yes I guess it hasn't, but that's totally irrelevant to the topic at hand.

    Instead of just hinting at vague bullshit with this "smarter than the $180B network" why don't you just come out and say what you want to say. What could go wrong "based on the implementation"? What issues do you have with the BTC forks? Explain the lots of "things" that could go wrong. It's obviously your position that there is some deep seated security issue that you're aware of, can't explain, but are convinced invalidates the entire network. So use your words like a big boy and explain it.

    Not reading or responding to any of the substance of the articles is typical as well. Attack the messenger, but zero substance on the message.

    Here's another article you won't read. PTJ's investment case for it:

    He wrote the article with Lorenzo Giorgianni, who I'm sure random scam/shill guy on the internet also thinks is a hack.

    MARKET
    OUTLOOK

    MACRO
    PERSPECTIVE
    Paul Jones &

    MARKET
    OUTLOOK

    MACRO
    PERSPECTIVE
    Paul Jones &
     
  8. dblplay1212

    dblplay1212 Well-Known Member
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    He already has. Then he changed his screen name and thought everyone would forget.

    He mainlines fluff pieces like the GOP does Fox News and anything negative is FAKE NEWS. If you say anything negative, he'll tell you to short or you're a pussy.
     
    #9758 dblplay1212, Jun 23, 2020
    Last edited: Jun 23, 2020
  9. user15000

    user15000 Well-Known Member

    Oh yay tweedledumb is back.

    Paul Tudor Jones writing a 10 page investment thesis? Renaissance trading bitcoin? PayPal and Venmo selling it? FOX NEWS FLUFF PIECE. By the time you realize what’s going on, it’ll be too late.
     
  10. user15000

    user15000 Well-Known Member

    Mike Jones is in. So bullish



    In more serious news, Jason Calacanis discussing angel investing and allocating 1-3% of his net worth to btc



    Jeff Booth on the impact of deflation in a runaway inflationary global banking system. His book is great:



    And a good video chat with 4 global macro investors

     
  11. user15000

    user15000 Well-Known Member

    HuskerGuy99 A new video discussing mining costs and the mining market generally since you seem quite confused about that topic.

     
  12. southside

    southside Well-Known Member
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    Volatility due to for a spike. Could sprint back to 10k over the next week Bitcoin vol.PNG
     
  13. user15000

    user15000 Well-Known Member

  14. —

    Well-Known Member
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    In before the great bitcoin debate for the 678th time.
     
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  15. HuskerGuy99

    HuskerGuy99 Above Average Member

    There is nothing to debate with a shill. He will just respond, "Oh you think nobody has thought of that before?!!?!?" as if that is a rebuttal to the MASSIVE problems with Bitcoin, the manipulated virtual "investment" that they want you to just blindly trust.

    He will then point to the fact that rich people who stand to profit off mass-acceptance of crypto are backing it as a reason you should buy it. And then link articles written by those people as proof that it is safe. It is not. Buy gold if you want to diversify. You know somebody out there will buy gold from you no matter what.
     
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  16. user15000

    user15000 Well-Known Member

    The "MASSIVE" problems that you've never articulated?

    Buy gold!!!!! Which certainly doesn't have problems...

     
  17. —

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  18. HuskerGuy99

    HuskerGuy99 Above Average Member

  19. southside

    southside Well-Known Member
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    There’s a very marked difference between non BTC crypto coins and BTC.
     
  20. HuskerGuy99

    HuskerGuy99 Above Average Member

    There are differences, but their prices are affected by BTC's price. And there are just too many frauds and scams in crypto to take it seriously right now. When Tether and their ilk have their reckoning, then there will be progress in crypto.
     
  21. southside

    southside Well-Known Member
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    That’s why you focus on BTC and nothing else.
     
  22. user15000

    user15000 Well-Known Member

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  23. HuskerGuy99

    HuskerGuy99 Above Average Member

    I only address BTC because that is what the shill user15000 is here shilling. There are definitely much better cryptos technology-wise. All of their prices are inflated thanks to BTC though.
     
  24. —

    Well-Known Member
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    I like Crypto, I just thought that Doge shit is funny because I'm pretty sure the original tik toker can get arrested or fined or something? idk
     
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  25. Doc Louis

    Doc Louis Well-Known Member
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    What was the old screen name?
     
  26. user15000

    user15000 Well-Known Member

  27. southside

    southside Well-Known Member
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    Ah, I meant focusing on trading bitcoin is the only one worth the time. Wasn’t referring to your back and forth with 1500
     
  28. user15000

    user15000 Well-Known Member

    Much better cryptos technology wise...lol. The 2017 altcoin run called and wants its talking point back. Maybe take a look at monetary network effects and a good look at a top 10 market cap chart over the years, and then put some thought into why all of those "better technology" altcoins haven't amounted to shit.


    On an unrelated note:
     
  29. HuskerGuy99

    HuskerGuy99 Above Average Member

    The 2017 Bitcoin pump-and-dump called and the suckers that got scammed want their $20,000 back. What's that $20,000 worth today? :D

    Imagine how dumb they feel for spending $20,000 on virtual bits. The ones holding the bag in the future are going to feel even dumber when they realize how much trust they put in the systems that they had absolutely no understanding of.
     
  30. —

    Well-Known Member
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    I get you, but at the same time the whole "no understanding of the system" is fairly rampant in all financial mechanisms. People pay into their retirement accounts and have no clue what is happening there outside the number going up.
     
  31. HuskerGuy99

    HuskerGuy99 Above Average Member

    That's true. Now ask yourself if you want to trust the people that have built up our country over the last 100 years or a system built up by a completely anonymous "person" as is the case with Bitcoin. There are too many layers in the Bitcoin ecosystem where things can be or already have been compromised.
     
  32. Hurley 864

    Hurley 864 Buy the ticket, take the ride
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    HuskerGuy99 have you ever tried shorting bitcoin or any of these other shitcoins? If not, you should.
     
  33. dblplay1212

    dblplay1212 Well-Known Member
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    user15000 trademarked this line.

    Edit: you forgot to call him a pussy though
     
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  34. momux

    momux AFAM Scholar
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  35. —

    Well-Known Member
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    Posting some cringeworthy crypto news in the crypto thread. Looks like it sparked some conversation. Mission accomplished.
     
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  36. momux

    momux AFAM Scholar
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  37. user15000

    user15000 Well-Known Member

    The dude is a weirdo spaz, and if you need evidence of that, read the kanye 2020 thread.

    He also thinks that btc goes to zero long-term, so yes he should short it.

    It is a truly uninformed talking point to think that btc will fail because there are better technology altcoins. Here are some articles on the topic that he inevitably won't read and will discredit simply because they are written by somebody who works in the btc space:

    https://unchained-capital.com/blog/bitcoin-cant-be-copied/
    https://unchained-capital.com/blog/bitcoin-is-not-too-slow/
    https://unchained-capital.com/blog/bitcoin-not-blockchain/
     
  38. user15000

    user15000 Well-Known Member

    New article from Robert Breedlove that is worth a read:

     
  39. Wee Bey

    Wee Bey Well-Known Member
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    Well..Is he right?
     
  40. HuskerGuy99

    HuskerGuy99 Above Average Member

    Something not jiving with the statements you are accepting as fact in those articles.

    https://www.sec.gov/comments/sr-nysearca-2017-06/nysearca201706-161046.htm



    https://themerkle.com/nist-paper-claims-bitcoin-cash-is-technically-the-real-bitcoin/

    https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf

    DOT GOV

    KEY STATEMENT:

    "Technically, Bitcoin is a fork and Bitcoin 1062 Cash is the original blockchain. When the hard fork occurred, people had access to the same 1063 amount of coins on Bitcoin and Bitcoin Cash. "

    THE VC-FUNDED BITCOIN PROJECT. THERE YA HAVE IT. No need to wonder anymore why all those rich people are pushing Bitcoin. They literally took over the concept and inundated the world with disinformation and now the result is people like user15000 blindly spouting BS on every nook and cranny of the internet.
     
  41. Harrison Beck

    Harrison Beck Hi, I'm Harrison Beck
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  42. user15000

    user15000 Well-Known Member

    Things that make you go "hmmmmm"

    Here is the stock market performance denominated in Bitcoin since the beginning of 2020.

    [​IMG]
    Wait, the stock market is almost flat when priced in US dollars, but it is down approximately 25% when denominated in Bitcoin. What if we price the stock market in gold?

    [​IMG]
    Historically, the stock market is basically flat with 1971 if you don’t incorporate the US dollar inflation. Regardless of the sound money you denominate stocks in, you see that the growth has not been nearly as impressive. Much of the US dollar gains in stock market value are from the dollar being devalued, rather than the stock market increasing in value.
     
  43. Name P. Redacted

    Name P. Redacted I have no money and I'm also gay
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    I gotta give credit where credit is due:

    You couldn’t pull off a twitter scam like today’s using something like Venmo and regular banks, that’s for sure.
     
  44. user15000

    user15000 Well-Known Member

    Is this where you also talk about the ridiculous amount of US dollars used for illegal activity every year? Or the banks involvement in said illegal activity?
     
  45. dblplay1212

    dblplay1212 Well-Known Member
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    lol
     
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  46. Name P. Redacted

    Name P. Redacted I have no money and I'm also gay
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    No I’m just saying the scam on twitter today was very funny and it wouldn’t have been possible without BTC so I enjoyed that.
     
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  47. user15000

    user15000 Well-Known Member

    Yes totally lol. Like there aren't thousands of these stories:

    https://money.cnn.com/2017/01/31/investing/deutsche-bank-us-fine-russia-money-laundering/index.html
    https://www.wsj.com/articles/former-risk-officer-at-u-s-bank-fined-for-weak-anti-money-laundering-oversight-11583356971#:~:text=U.S. Bank in February 2018,federal prosecutors at the time.
    https://fortune.com/2020/03/11/money-laundering-record-year-bank-fines/
    https://news.bitcoin.com/big-banks-money-laundering-ubs-fined-danske-shuts-down/
    https://www.cnn.com/2020/07/07/business/jeffrey-epstein-deutsche-bank-fine/index.html

    It's an inane point given the role of the US dollar in illegal activity and its general inability to be traced.
     
  48. dblplay1212

    dblplay1212 Well-Known Member
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    And nobody said there's not fraud that involves usd. Idk why you're even going there. But the scammers chose to use Bitcoin for a reason.

    "BUT WHAT ABOUT!!!" :facepalm: