Re: Alternatives to Western Union
Omg. I'm not even going to reply to that. Other than to say, Nearly everything you just said is NOT true.
It seems as though you're not *intentionally* trying to mislead people... It's just that you are very very very confused about how all these things work.
Implying that the Bitcoin network is "just another P2P network".... is like calling an Airbus A350.... "just another object that flies.... just another kite.... a kite that we all decided to ride on."
Total utter nonsense. Not worthy of a response.
Look up in a Websters dictionary the difference between the words, "encryption" and "cryptography". Both words contain similar letters. But I assure you, they are *very* different things. The bitcoin network and bitcoin protocol use ZERO encryption. Geez. Use google.com man.... ( Side note: Ambien and Ambiance are also not the same thing. #:-s )
I'm not even going to touch on your total ignorance of the meaning of what a "smart contract" is.... much less what they are used for. Other than to say: They have absolutely *nothing* to do with attorneys *nor* bloody Python. omg :-s
And if anyone were to, "take a copy of bitcoin core and change a few variables", .... they would end up with a totally insecure and hackable blockchain network. Know why? No. I didn't think so.
Ok. I've wasted enough time trying to educate one person who obviously doesn't want to be educated. Time to ignore any more.
If anyone *else* has questions..... I'm happy to help and answer them.
Now I am going to try out the board's Ignore feature for the first time. I won't be able to see anything Matt says from this point forward.... But... I would strongly warn anyone to not believe, and not take at face value, anything Matt says about Bitcoin. Better to ask me, or use google search for yourself.
Just because people say all kinds of crap on the Internet, doesn't make it true. Especially ads advertising services for a fee.... on a forum like bitcointalk. omg
Follow what the *real* experts in the field say..... not including me.... Google and follow everything people like.....
Andreas M. Antonopolous,
Gavin Andresen, and
Jeff Garzik
....say.
Re: Alternatives to Western Union
Bruce,
As a veteran of the ups and downs of speculative investments over the past four decades, your enthusiasm is both understandable and familiar.
For you it is also very dangerous, financially..
Do you have a clear idea as to the price level at which you would liquidate your position?
You probably do. The hazard is that when investors who are heavily fixated on one product achieve their price ambitions, they become so confident that king Midas is smiling upon them that they change the plan and set a higher goal. They become over-confident.
And when the price eventually goes south, they struggle to accept that their golden goose is past it's eat by date, and convince themselves that the downturn is a buying opportunity, often levering themselves with borrowed cash, secured on their homes - which they end up losing..
By all means have a flutter on Bitcoin, but keep your investments widely spread, and don't bet a cent more than you can afford to lose..
Re: Alternatives to Western Union
Great advice in general.
Remember tho, bitcoin is not a stock and has nothing in common with stock ownership.
Also.... I can't "afford to lose" one cent. ;)
Re: Alternatives to Western Union
Quote:
Originally Posted by bruce_nyc
Nearly everything you just said is NOT true. . . . Now I am going to try out the board's Ignore feature for the first time. I won't be able to see anything Matt says from this point forward.... But... I would strongly warn anyone to not believe, and not take at face value, anything Matt says about Bitcoin. Better to ask me, or use google search for yourself.
There was another egotistical maniac on this board some time ago named 'Ikarus' who, oddly enough, sounds very much like you: same use of bolding to finally announce to the entire world that you will not waste your oh so very precious time on a debater who, strangely enough, has differing opinions than yourself. And thus, as he did often, he cried once and for all, for all to know, that he had no more time for such a plebeian ... and so, sayonara.
He also considered himself to be a financial guru of the highest order.
I have no idea whether you are he - dressed as Bruce_NYC ... but the childlike picking up one's scattered toys is remarkably the same.
Re: Alternatives to Western Union
I've used only one handle here..... ever, and everyone knows who I am. I've met a quarter of the active users here in person.... and I've offered to meet all the rest. I have no need whatsoever for a fake persona.... unlike many others apparently.
Also, I most certainly do not consider myself any kind of a financial guru. Those are your words..... Most definitely not mine. I am not a financial guru and I don't give financial advice. The only thing I do occasionally is describe my own strategies. But that should never be construed by anyone to be advice.
Also, I haven't picked up my toys and gone anywhere. I'm still here.... and happy to answer questions.
But, yes, I do refuse to help Matt any more because if he's too lazy to even google what he's claiming to be a expert on.... and posting *incorrect* information for all to read.... then denying the truth when it's presented to him.... It is obviously a *grand* waste of time ---- for him, for me, and for all of you.
There is absolutely nothing wrong or childish about refusing to engage with such a person. In fact, it's probably the most mature thing any adult can do.
The only reason I stated it publicly is: (1) So people won't wonder why I've stopped responding to his inane nonsense messages. And.... (2) To make it very clear that I do not endorse any advice or information coming from him. That's all.
I've never placed anyone else on ignore..... no matter how annoying and irrelevant and childish their posts are.
Re: Alternatives to Western Union
Quote:
Remember tho, bitcoin is not a stock and has nothing in common with stock ownership.
I wasn't just referring to stocks - people speculate on all manner of things, from gold to fine wines, and it is clear that your interest in holding Bitcoin is driven by speculation - to make an easy profit - rather than an altruistic desire to create the perfect vehicle for monetary transactions.
Quote:
Also.... I can't "afford to lose" one cent
In which event, stop holding Bitcoin and stick to helping others avoid getting fleeced by cyber-hoodlums..
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Re: Alternatives to Western Union
Quote:
Originally Posted by Old git
....and it is clear that your interest in holding Bitcoin is driven by speculation - to make an easy profit - rather than an altruistic desire to create the perfect vehicle for monetary transactions.
It is both. And it serves both purposes *exceedingly* well.
Quote:
Originally Posted by Old git
...stop holding Bitcoin and stick to helping others avoid getting fleeced by cyber-hoodlums..
How is a 205500% increase on my investment something I should stop doing....?
I'm always teaching people how to avoid getting fleeced.... That's why I tell people to avoid buying stock, avoid buying real estate, avoid holding fiat currency or anything denominated in fiat currency, avoid gold, silver, diamonds, etc. ( which all have their price controlled ), and definitely avoid investing in a business.
This is the chart for 1 month.... ending today. As you can see, my investment of $0.22 per bitcoin has gone up. In fact, in the past 30 days, it's gone up another 41%.
Re: Alternatives to Western Union
If anyone is still wondering what Brucie and Matt are wittering on about, here is a recent guide to IT-speak:
[attachment=0:2z4acwoz]21-12-2015 9-09-51 AM.png[/attachment:2z4acwoz]
Re: Alternatives to Western Union
Aw, bitcoins, the first tulips of the 21st century. :YMDAYDREAM: http://d.pr/1jZmC
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Re: Alternatives to Western Union
A better example would be the dot-com craze..... or Wall Street's fabricated derivatives. Even at its height, the Amsterdam Stock Exchange, well-established in 1630, wouldn't touch tulips. The speculation in tulip bulbs always existed at the margins of Dutch economic life.
But the best example of all..... is the US Dollar.... which has lost 97% of its value since the Consumer Price Index began tracking its real value.... in 1913.
That's the world's largest Ponzi Scheme: The US Dollar
Anyway, bitcoin is very different in the fact that nobody can create any more. There will never be more than 21 million bitcoin. That's why we continue to use smaller and smaller fractions of a bitcoin.... for transactions.... as the value of each bitcoin continues its journey to the moon. A cup of coffee used to cost 13.5 bitcoins. Today a cup of coffee costs 0.0068965517 bitcoins.
Now, the world is beginning to standardize on "bits". 1 bit = 0.000001 bitcoin
So a cup of coffee might cost 5605 bits today.