united-people.tk https://hm.dinofly.com/UP/forum/ |
|
Bitcoin -- the Emperor's new clothes https://hm.dinofly.com/UP/forum/viewtopic.php?f=49&t=991 |
Page 3 of 44 |
Author: | andywight [ Mon Dec 09, 2013 2:47 am ] | ||||||||||||||||||
Post subject: | Re: Bitcoin -- the Emperor's new clothes | ||||||||||||||||||
Good to see you back Mr. U-L-Y, your wisdom was sorely missed! Yes, this "Block chain" is an issue, it took me several hours to download it to my Bitcoin client. By DamnStupidElf
The response by Mike Hearn, Bitcoin developer.
Source... |
Author: | Chicodoodoo [ Mon Dec 09, 2013 5:34 am ] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Post subject: | Re: Bitcoin -- the Emperor's new clothes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
They don't need to make a guarantee, or even make a comment. The unspoken allure of gambling is to get rich quick. Bitcoin, and all other current crypto-currencies, are no different.
The central entity is whoever controls the computer code underlying Bitcoin. Someone, or some group, has control over that. They likely also have the bulk of the Bitcoins.
No, it's not, that's an oversimplification. When a Ponzi scheme collapses, everyone in the game loses. Only those that have left the game with their winnings before the scheme collapses will come out winners, and they must exchange their winnings for other things of value before their winnings lose their value due to the collapse. For reference, here is the definition of a zero-sum game:
So does a Ponzi scheme. That's why it grows from a tiny seed into a giant multi-branched tree. Everyone expects to win.
But they don't benefit equally. The bulk of the Bitcoins are in the hands of a very few. The Bitcoin con-game already has the structure of the corrupt world we hate so much -- the 1% versus the 99%. Doesn't that tell you something? Why not start Bitcoin off by distributing the 21 million Bitcoins equally among the 7 billion humans on the planet? Each person gets 0.003 Bitcoins, and a true free market of Bitcoin use can begin, since no one has any advantage over anyone else. Bill Still, the renowned Federal Reserve critic calling for monetary reform, recently came out as a cheerleader for Quarks, another one of a dozen crypto-currencies competing with Bitcoin. He's hyping the Quark as a superior crypto-currency, while behind the scenes, millions of Quarks are mysteriously flowing into one of his digital wallets. So tell me again how everyone benefits, there is no central entity, it's reliable, it's just individuals building an economy, etc. -- because I'm seeing a con-game unfolding in real time. Remember, the scam occurs mostly at the end of the game, and things look quite rosy in the beginning. |
Author: | andywight [ Tue Dec 10, 2013 3:36 am ] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Post subject: | Re: Bitcoin -- the Emperor's new clothes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
So you agree with this point made by the Quark developers, great! But I'm confused why you followed it with such "hate", are you a criptocurrency hater Chico?
Interesting accusation, can provide some links to evidence of this?
Can you give me an example of a criptocurrency that has collapsed?
Taking my quotes out of context Chico is just making your arguments weaker, you're beginning to sound more and more like someone only invested in precious metals!
Why not lead by example here Chico, liquidate all your assets, convert it all into cash and distribute it equally among the 7 billion humans on this planet?
Wow! WHO ARE YOU AND WHAT DID YOU DO WITH CHICO? Has uncleshill somehow kidnapped Chico and taken control of his account here? Millions! Really!! again for the sake of transparency can you please break down this alleged damming evidence against Bill Still in the forum post you linked to and present it in a form that we can all understand? To speed things along I've quoted it here for you:
|
Author: | Chicodoodoo [ Tue Dec 10, 2013 6:23 am ] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Post subject: | Re: Bitcoin -- the Emperor's new clothes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What point would that be? Are you putting words in my mouth? Great!
I'm not a fan of any currencies, or money in general. Money ruins everything.
You know as well as I do that it's a secret. No one knows who or what Satoshi Nakamoto is, or how many Bitcoins he (or they) have.
Another slippery sleight-of-hand. You know as well as I do that crypto-currencies have just been invented. They are a new variation of the currency con-game, and if they take off, they will eventually collapse like every other con-game. You can find plenty of links to con-games / pyramid schemes / Ponzi schemes that have collapsed by searching the Internet.
I try to include enough text in quoting you to contain the context, and yet still be brief. I can quote more of your posts, if you feel I am losing the context.
Hmmm... That's an idea, all right. I could create my own crypto-currency, called the Chico. No need to liquidate my assets, as none of the other crypto-currencies started that way, not even Bitcoin (what does that tell you -- they begin from nothing and their value is entirely faith-based). I could issue 28 billion Chicos to start with, reserving half for myself (I learned that trick from the other crypto-currencies) and distributing the other half to every person on the planet. Each person would have about 2 Chicos each, except me. I might give Bill Still a million Chicos in exchange for hyping my new currency. I might even give you a few thousand to be a cheerleader for Chicos (hey, that's fair, Bill Still has more "pull")!
Sure thing. Each transaction listed has a long Transaction number, a transaction Block number, a date / time stamp, a transaction Amount, a wallet Balance, and a Currency type (QRK for Quarks in this case). All of these transactions are for one of Bill Still's digital wallets that he lists publicly in his search for donations. So the two numbers to the left of the "QRK" at the end of each line are the transaction amount and the account balance. The third transaction listed is a deposit for over a million Quarks, bringing Bill Still's wallet balance to 1.6 million. In the fourth transaction, he withdraws that million from his wallet. Can you now find the transaction further down that brings his balance up to 3.9 million quarks? |
Author: | magamud [ Tue Dec 10, 2013 8:08 am ] |
Post subject: | Re: Bitcoin -- the Emperor's new clothes |
Bitcoin is a total pyramid, ponzie scheme. When does the Chico go on the market? I want to get on the ground floor then watch my currency rise up. |
Author: | Chicodoodoo [ Tue Dec 10, 2013 10:06 pm ] | |||||||||
Post subject: | Re: Bitcoin -- the Emperor's new clothes | |||||||||
If only I were a sociopath, I could do such unethical things without a hint of guilt. But alas, I was born with empathy, so the Chico was just a useful illustration of the con-game that crypto-currencies are. |
Author: | andywight [ Tue Dec 10, 2013 11:51 pm ] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Post subject: | Re: Bitcoin -- the Emperor's new clothes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This topic has really taken an interesting direction, "what point would that be?", is this a serious question or are you just trying to direct attention away from your uninformed conclusions?
A simple "no" would have been sufficient here, your Obama style closing comments really aren't necessary.
Again, a simple "no" would have been sufficient. "Another slippery sleight-of-hand", now I'm really starting to loose my sense of humor here! So lets start by examining the post in question, in an attempt to avoid more of these unnecessary erroneous responses. "No, it's not, that's an oversimplification. When a Ponzi scheme collapses, everyone in the game loses. Only those that have left the game with their winnings before the scheme collapses will come out winners, and they must exchange their winnings for other things of value before their winnings lose their value due to the collapse." You made some very bold claims and in fact incorporated "collapse" no less the three times in this post, so what EXACTLY is so "slippery" or "sleight-of-hand" about simply asking you for an example of a criptocurrency that's collapsed?
No that's not necessary Chico, but I would appreciate you directly responding to the miss-quote in question!
So your answer is no, but thank you for this amusing little distraction.
Sorry this is just not going to cut it, LINK, HIGHLIGHT and EXPLAIN, if you can that is.
Explain! |
Author: | Chicodoodoo [ Wed Dec 11, 2013 2:33 am ] | |||||||||||||||||||||||||||||||||||||||||||||
Post subject: | Re: Bitcoin -- the Emperor's new clothes | |||||||||||||||||||||||||||||||||||||||||||||
It's a serious question. I have no idea what point the Quark developers made that you think I'm agreeing with.
No, it wouldn't. You are asking obviously "stacked" questions designed to lead the observer towards a desired conclusion by bypassing the critical analysis centers of the brain. Have you been brushing up on NLP?
Bold claims? That Ponzi schemes, pyramid schemes, and con-games "collapse"? That seems like simply stating facts to me. Please correct me if my facts are wrong.
It's like Obama saying on his first day as President: "Have I ever lied to you before, as President of the United States?" "No," you reply, "but you just became President." You can probably guess what Obama says next: "A simple yes or no will suffice. No need for distractions."
I did explain it in sufficient detail to allow almost anyone to see that millions of Quarks are passing through Bill Still's digital wallet. But, I will draw you a picture by highlighting a few of the account balances for you using the very data you posted here. Here are the first four transactions from the quote you provided, which I've formatted a bit for readability. I've also removed the long leading transaction number, as it clutters things up, and I've highlighted the numbers that are over one million. Just to be sure you understand the table, 1,013,739 Quarks (that's over one million) were deposited in Bill Still's wallet on November 20. The next day, that same amount was withdrawn. There are larger transactions further on in the data you quoted, with Bill Still's balance having exceeded 3.9 million Quarks on October 26, when nearly 2 million Quarks were deposited in his account. The same amount was withdrawn on November 15. Would you now agree that millions of Quarks are passing through Bill Still's wallet, if the data you quoted is to be believed? |
Author: | andywight [ Wed Dec 11, 2013 3:05 am ] | |||||||||||||||||||||||||||||||||||||||||||||
Post subject: | Re: Bitcoin -- the Emperor's new clothes | |||||||||||||||||||||||||||||||||||||||||||||
You seem a tad confused here Chico, the quote was from a Bitcoin not Quarkcoin developer, there's more than just a spelling difference between these two, would you like me to slow down a bit so you can catch up?
Of course it does, it was very simple question... just because you feel uncomfortable being exposed for making accusations without a shred of evidence to back them up doesn't give you the right to slander my creditability with childish remarks like "Have you been brushing up on NLP?" now does it?
Yes, if you were only discussing Ponzi schemes, but you weren't you were comparing them to CC's who you for record couldn't give a single example of one that has collapsed! Nice attempt at spin by throwing in pyramid schemes and con-games into the mix!
A very weak response, but this certainly reveals some interesting undertones which might help explain why you find it so difficult thinking out of the box your presently occupying.
I'm sorry, but what part of "LINK, HIGHLIGHT and EXPLAIN" did you not understand? All I see are some highlighted, unlinked numbers with no reference to anything or anybody! Here's my Quarkcoin wallet address Chico QifUSqn6ygXK61pEkm2g4iBY9ZcLw4g4su, maybe you should try your cunning detective skills on my connection to the cryptocurrency scam! and by the way, anyone wishing to donate to my cryptocurrency cause please send your Quark coins to the above address. |
Author: | Chicodoodoo [ Wed Dec 11, 2013 3:58 am ] | |||||||||||||||||||||||||||
Post subject: | Re: Bitcoin -- the Emperor's new clothes | |||||||||||||||||||||||||||
Something tells me you're just not going to get this. Great video, by the way. About the same time Bill Still interviews a Quark "developer", which is also about when he begins hyping Quarks, millions of Quarks pass through his digital wallet. Just a coincidence....
No need. Even if I could search the Quark block chain for your transactions (hey, someone supposedly did it for Bill Still), it appears I could never explain them to you in a manner that you would admit to understanding. |
Page 3 of 44 | All times are UTC |
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group http://www.phpbb.com/ |