Quote:
Originally Posted by bruce_nyc
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Quote:
Originally Posted by bruce_nyc
To counter Bruce's over-optomistic argument... bitcoin goes up and down all the time, so wouldn't worry too much about price fluctuations. The price flucuations only work for folks like me who get paid in bitcoin, earn more than they need to live, and are in it for the long-term. Fluctuations don't matter to me, because I always have an invoice or two being paid every week at the current USD rate, and it only costs me about $2000/month to live a good life here.
To counter Bruce though, don't worry about these swings, as they happen often. You can expect a permanent increase in the price come mid-2016, when the block rewards halve. This is dumbing it down a little, but for all intents and purposes, the entire bitcoin financial network is powered by a bunch of privately owned warehouses filled with computers / servers in places like China, due to cheap electricity costs. These guys currently get 25 BTC for every "block solved" (don't worry about what that means), but come mid 2016 overnight that's getting halved to 12.5 BTC.
Right now, these guys are already running on tight margins. So bitcoin has to increase to a minimum of $700 for them to keep their doors open come mid 2016. Otherwise, they're going to operate at a loss, close shop, and bye bye bitcoin network. Ok, that's over exaggerating a little, because there are tools at the core devs disposal they can pull out if a crisis emerges, but that's pretty much the scene.
Ok, so to save some time for us all ........now cue Bruce to say "No, that's absolutely not the scene Matt and you obviously know NOTHING about bitcoin and if you want he'll give you the number for the universal owner of Bitcoin, who is a by the way a personal friend of his and actually he's just rang him and asked him and he said that everything you've just said there is complete bollocks" - - there, that should speed things up a little :-)
Apparently bruce has me on ignore, so doubt he'll be replying to me. :)
Regardless, he doesn't know what he's talking about. He only thinks he does. I think Smiles analogy of a used car salesman sums him up nicely. That, and if what I've researched / read about him is even partially true, then the shit I left in the toilet earlier deserves more respect than him.
Hmm ? If you're referring to the stuff posted on here by Neal I should add that Bruce posted a few weeks ago denying all of that and putting it down to Neals illness - for what thats worth.
No, I have his full name thanks to another poster I won't mention. Back in 2011 there were literally hundreds of people searching him out for fraud based activities, and as per-usual, they managed to dig up quite a bit of info on him.
You piss off the guys on something like Reddit, and you can expect your life to be put under a microscope. That's what happened with bruce.
Ah I see, Ok, hmmm I'm guessing on ignore or not it may not be long until a reply is forthcoming to THAT post !??
Although as Bruce did mention "others out to get him and ruin his reputation for business reasons" as Bitcoin grew etc and the fact that he's certainly not "in hiding" per se I guess he'll have his own view on all of that in due course.......
Brucie is the Donald Trump of this board.
The entire membership should hold a Primary ... at the same time as the Iowa one.
(Warning ... Bruce might actually regard the above as a compliment.)
Cunt-isis?Quote:
Originally Posted by Nirish guy
Actually who knows as perhaps in this one instance he was right ??
Normally Neal's crustiness just came from his own bitter and twisted mind, whereas most if not all he posted about his dear friend Bruce ( if that is even the same Bruce who's a member here as I have no idea about that - perhaps others who HAVE met Bruce would care to comment on that ? ) But assuming that nearly all of what Neal posted came from a quick scour of Google and bitcoin fraud and Bruce etc ( again if it IS even the same Bruce and for what google is worth in terms of trustworthiness) then I would perhaps put those particular posts of Neal's in a slightly different bracket from those of his own general and usual cuntishness perhaps.