Bitcoin

Ron Resnick

Site Co-Owner, Administrator
Jan 24, 2015
16,017
13,346
2,665
Beverly Hills, CA
Your response seems intentionally ignorant therefore I'll decline to engage. If I'm wrong about that you need to do some research on your own. I'm not here to do research others should have already done before forming opinions and investing money.

I will take that as an admission that you are unable to defend your sensationalist assertion that bitcoin is a "scam."
 

Folsom

VIP/Donor
Oct 25, 2015
6,024
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Eastern WA
There are much bigger fish to fry for impact on the enviroment. At least young people that like BTC even understand the concept of caring about the enviroment even if BTC is not yet neutral.

The demand is actually valuable in that it generates more income for electricity people to use on exploring alternative energy.
 

NorthStar

Member
Feb 8, 2011
24,305
1,323
435
Vancouver Island, B.C. Canada
Don't panic, there will be more bitcoin hackers and thieves.
https://news.bitcoin.com/quantum-physics-astrology-predict-bad-things-bitcoin/

Bitcoin has zero value, it is the devil supported by its disciples. It is an evil force run by the worst of the worst. There is zero privacy there is zero security there is zero good; it's 100% extremely bad.

That link just above is only a small example on how bad bitcoin is when you try to make sense with non-sense.
 

DaveC

Industry Expert
Nov 16, 2014
3,899
2,141
495

Pb Blimp

Well-Known Member
Oct 30, 2017
518
25
140
USA
There are much bigger fish to fry for impact on the enviroment. At least young people that like BTC even understand the concept of caring about the enviroment even if BTC is not yet neutral.

The demand is actually valuable in that it generates more income for electricity people to use on exploring alternative energy.

I am sorry but that is just an amazing couple of statements.....

So we should not worry about the catastrophic environmental ramifications of Bitcoin because other human activities are even worse??? What kind of logic is that??? Ya, I am killing the earth, but others are more killing the earth....gotcha.

Further, we should all go out and burn as much electricity as possible, so electric companies have more profit to spend on a products that reduce their electric profits.

You are 2 for 2 in my book.
 

NorthStar

Member
Feb 8, 2011
24,305
1,323
435
Vancouver Island, B.C. Canada
There are much bigger fish to fry for impact on the enviroment. At least young people that like BTC even understand the concept of caring about the enviroment even if BTC is not yet neutral.

The demand is actually valuable in that it generates more income for electricity people to use on exploring alternative energy.

1. We're in the bitcoin thread; other stuff worst than bitcoin is ...
2. I don't think young people have any idea of what bitcoin is, zero.
3. I totally disagree with your last point; "demand is valuable as it generates ... energy."

You're still my good friend though. :b
 

Folsom

VIP/Donor
Oct 25, 2015
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Eastern WA
Bitcoin often is mined in areas that have low yield with much higher potential for energy use, and sometimes from more sustainable sources. It doesn't fluctuate so it really is a boost in revenue that can go towards exploring competitive electricity from more sustainable sources. They know it's a product people are interested in, but people haven't been pouring money into their laps, just telling them they want it.

Young people are the only ones that even know how Bitcoin works.
 

NorthStar

Member
Feb 8, 2011
24,305
1,323
435
Vancouver Island, B.C. Canada
You know things that I don't, or that are different from what I've read and believe.

1. Bitcoin is often mined where electricity is cheap.
2. It can negate the electricity price by raising it for the people living in the area, and can cause black outs during your favorite TV show.
3. The ultimate goal is to make money with other people's money.
4. The people who are most interested in bitcoin are the hackers, thieves, the corrupt investment companies, banks, drug dealers, loan sharks, bandits, mafia, crooks, rip-off artists, government clowns, magicians with fake masks from the circus, dicktators, ...
5. Ultimately people lose their life savings, commit suicide, just vanish from circulation.
6. Only the thieves drive away in their Testarossas and sipping martinis in the most exotic world's beaches.

Bitcoin is bad for the moral, for the equilibrium, for the health, for mankind. It just ain't not secure to deal with the underworld.
That's pretty much my overall line of view now. Almost every single day I'm reading some bad news about bitcoin; bitcoins have been stolen, North Korea is having trouble with this and that, India has been hacked, Japan found stolen bitcoins in prostitution homes, officials, Russia got away with a big lot, etc.

@ one point I was almost euphoric, aphrodiziac, like those twin brothers making the news every day. Now I'm thru, totally thru, forever with bitcoin.
We all make our decisions in life, I sure did. Good look with everyone else's own decisions.
The majority of WBF members here were right on from the very beginning.
 

Folsom

VIP/Donor
Oct 25, 2015
6,024
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Eastern WA
You know things that I don't, or that are different from what I've read and believe.

1. Bitcoin is often mined where electricity is cheap.
Obviously
2. It can negate the electricity price by raising it for the people living in the area, and can cause black outs during your favorite TV show.
Source? Sounds like paranoia
3. The ultimate goal is to make money with other people's money.
Support for that? If you mean by trading, WELCOME TO PLANET EARTH.
4. The people who are most interested in bitcoin are the hackers, thieves, the corrupt investment companies, banks, drug dealers, loan sharks, bandits, mafia, crooks, rip-off artists, government clowns, magicians with fake masks from the circus, dicktators, ...
LOL, ya I'm sure $115B market cap is nothing but immoral criminals....
5. Ultimately people lose their life savings, commit suicide, just vanish from circulation.
Just like they do when they go to the casino or getting addicted to heroin... not a problem of Bitcoin
6. Only the thieves drive away in their Testarossas and sipping martinis in the most exotic world's beaches.
Who doesn't want to be a thieve if that's true?

Bitcoin is bad for the moral, for the equilibrium, for the health, for mankind. It just ain't not secure to deal with the underworld.
That's pretty much my overall line of view now. Almost every single day I'm reading some bad news about bitcoin; bitcoins have been stolen, North Korea is having trouble with this and that, India has been hacked, Japan found stolen bitcoins in prostitution homes (LOL I'm sure they did, I found Bitcoins in my lawn that's how I got started... also heard they found a turntable in a prostitutes home, time to go digital!), officials, Russia got away with a big lot, etc.

Blockchain tech is one of the best ways to bring back transparency and morality. We're pretty desperate for systems that will protect common people. Don't pretend like everyone wasn't getting hacked prior to Bitcoin. And to date Bitcoin itself has never been hacked, not even close. Don't want to leave yourself open? Don't leave your coins in a custodians hands.

@ one point I was almost euphoric, aphrodiziac, like those twin brothers making the news every day. Now I'm thru, totally thru, forever with bitcoin.
We all make our decisions in life, I sure did. Good look with everyone else's own decisions.
The majority of WBF members here were right on from the very beginning.

Everything goes in cycles. It's your fault if you panic. During the early stages it looks like investing, and it'll shake out the weak over and over.
 

NorthStar

Member
Feb 8, 2011
24,305
1,323
435
Vancouver Island, B.C. Canada
Zero value?

https://globalnews.ca/news/4280925/cryptocurrencies-bitcoin-bank-of-international-settlements/amp/

“Trust can evaporate at any time because of the fragility of the decentralized consensus through which transactions are recorded,” the BIS wrote. “Not only does this call into question the finality of individual payments, it also means that a cryptocurrency can simply stop functioning, resulting in a complete loss of value.”
___

Folsom, you're still holding on to your bitcoins?
 
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Folsom

VIP/Donor
Oct 25, 2015
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Yes. And who gives a rat's ass what central banks think? They hate cryptos.
 

NorthStar

Member
Feb 8, 2011
24,305
1,323
435
Vancouver Island, B.C. Canada
Yes. And who gives a rat's ass what central banks think? They hate cryptos.

Some bankers love to have them for the investors who demand them.
But with zero value what kind of investors want them?

Anyway bitcon is on its way out for good and the world would be a better place without.
The only people left with bitcoin are the gullible and the hackers and the crooks.
 

Folsom

VIP/Donor
Oct 25, 2015
6,024
1,490
520
Eastern WA
Bob it occurs to me you've missed the entirety of the human history. While I've thought you were alien to me, now I know you're just an alien. Get a grip on history. You think there is laundering with Bitcoin? Have you heard and or seen fiat before? You don't know money laundering until you see it legally institutionalized with banks... all day every day it's happening.
 

KeithR

VIP/Donor
May 7, 2010
5,144
2,812
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Encino, CA
what's funny is BTC was at 2,500 a year ago. it now has a 5-handle after hitting almost 20k.

i did love the NYC BTC convention a few weeks ago where a bunch of kids in Lambos showed up :)
 

NorthStar

Member
Feb 8, 2011
24,305
1,323
435
Vancouver Island, B.C. Canada
Bob it occurs to me you've missed the entirety of the human history. While I've thought you were alien to me, now I know you're just an alien. Get a grip on history. You think there is laundering with Bitcoin? Have you heard and or seen fiat before? You don't know money laundering until you see it legally institutionalized with banks... all day every day it's happening.

I'm no alien, I'm a North American, a Canadian citizen, I'm human.
I know some about history, and the one that is in the making now.
Oh I get a grip, I get a real good grip on bitcoin, and some more.

I made some mistakes, I've been naive few times, been taking advantage of, no more. Bitcoin is a bad karma, the far away I stay from, the best.

You're still my friend, nothing will ever rupture that bond, that friendship between close allies. History is a powerful reminder.
 

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