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Moxxis Endowment posted:Nearly all the arguments made against Bitcoin were made against fiat money when it first emerged and began to take over gold/silver. Didn’t that involve a government backing?
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Jan 23, 2018 23:04
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Moxxis Endowment posted:Nearly all the arguments made against Bitcoin were made against fiat money when it first emerged and began to take over gold/silver. Ok I was legit convinced you weren't a troll poster until this comment.
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Jan 23, 2018 23:06
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Burt Sexual posted:Didn’t that involve a government backing?
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Jan 23, 2018 23:11
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Double Bill posted:Still can't tell if he's trolling, convincing brokebrainery at least He has a borderlands avatar and name so something isn't right upstairs
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Jan 23, 2018 23:14
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Moxxis Endowment posted:Nearly all the arguments made against Bitcoin were made against fiat money when it first emerged and began to take over gold/silver. I had no idea fiat money required so much power generation for each transaction.
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Jan 23, 2018 23:18
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Zelder posted:He has a borderlands avatar and name so something isn't right upstairs
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Jan 23, 2018 23:18
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Paper money requires me to wait an hour to pay and then send someone a huge fee to do so (which could be a 300% fee for low value products such as a coffee). The value of paper money changes 20-50% in a day making it impossible to set a correct value to a product I'm selling. Only a few thousand people can use paper money worldwide at the same time, if too many people want to pay, they have to wait hours or days. Paper money in my country in North America has a limited supply and is dependent on Chinese farms to mine more of it. Paper money in my country in North America is backed by a printer owned by an unknown entity in Poland with no oversight or regulation. Those were the amazing arguments that were made against paper money when it was replacing gold and silver as worldwide currency.
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Jan 23, 2018 23:18
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Moxxis Endowment posted:Possibly the weakest ad-hominem I've ever seen. Here's a weaker one: your posts are fake as hell and also you're probably a big dumb fat guy
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Jan 23, 2018 23:19
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And you poop from your mouth
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Jan 23, 2018 23:23
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As it is paper money only accounts for 14% of all fiat wealth. It's already mostly digital. The real question is what sort of digital money do we want? Do we want money controlled by corrupt, self-interested central authorities that have demonstrated their ineptitude time and time again? How many taxpayer dollars have been looted now to keep these banksters afloat? You know how many taxpayer dollars have gone toward bailing out bitcoin? 0.
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Jan 23, 2018 23:25
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Zelder posted:Here's a weaker one: your posts are fake as hell and also you're probably a big dumb fat guy
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Jan 23, 2018 23:26
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Moxxis Endowment posted:As it is paper money only accounts for 14% of all fiat wealth. It's already mostly digital. The real question is what sort of digital money do we want? Do we want money controlled by corrupt, self-interested central authorities that have demonstrated their ineptitude time and time again? I dunno; aren't you the one who is totally, definitely sitting on $1.5 million of the stuff?
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Jan 23, 2018 23:28
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Moxxis Endowment posted:As it is paper money only accounts for 14% of all fiat wealth. It's already mostly digital. The real question is what sort of digital money do we want? Do we want money controlled by corrupt, self-interested central authorities that have demonstrated their ineptitude time and time again?
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Jan 23, 2018 23:28
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Moxxis Endowment posted:How many taxpayer dollars have been looted now to keep these banksters afloat? You know how many taxpayer dollars have gone toward bailing out bitcoin? 0. you know how many dollars come from taxpayers? that's right, zero when your friend tells you about how much money they "made" do you really think they are creating the dollars? lol
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Jan 23, 2018 23:30
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Moxxis Endowment posted:I'm a 114 lb attractive late twenties female with a 142 IQ. I notice you didn't say that you don't poop from your mouth. Check and mate, rear end mouth
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Jan 23, 2018 23:30
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Moxxis Endowment posted:I'm a 114 lb attractive late twenties female with a 142 IQ. I'm a 142 lb attractive mid-100s female with a 29 IQ
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Jan 23, 2018 23:30
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Moxxis Endowment posted:I think it has its origins with royalty issuing paper IOUs guaranteeing a given amount of gold/silver. Governments and banks came much later. You can use fiat to pay your taxes so the men with guns from the government don’t come to your house. Until you can do that with Bitcoin, the utility difference should remain obvious.
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Jan 23, 2018 23:44
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The $1.5m poster should spend some money on a high resolution av
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Jan 23, 2018 23:46
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CassandraZara posted:I'm a 142 lb attractive mid-100s female with a 29 IQ I'm a 29lb mid-142s female with a 100 IQ https://i.imgur.com/qFxvWdd.jpg
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Jan 23, 2018 23:49
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Cryptocurrency is not only “internet 5.0” but “money 3.0” or more… We are witnessing the “Great Shaking of the Tree” right now. Many of the pump and dump cryptos will die, and as far as I’m concerned not fast enough (!), and the good ones, the ones that actually solve a problem will stay. THEY WILL STAY FOREVER, because they truly are the future of money, and the internet at the same time. Keep your eyes and ears open for Microsoft Azure. This is the Blockchain based technology from Microsoft that wants to solve the problem of centralized cloud storage. In other words: it is Microsoft’s FIRST DECENTRALIZED and blockchain based cloud storage solution. (Actually it is much more than that, but you can just go to their website and see for yourself.) Indeed many of the applications we will never see, we will use them and not even know we are using them. Amazon is also working on decentralized cloud storage, the End User won’t even know it when he/she uses it! JP Morgan are working on their own financial blockchain called QUORUM. I think that is worth repeating: one of the biggest financial players in the world is making their own blockchain. THAT my friends is why you hear their CEO talking bad about bitcoin; he’s bad-mouthing the competition! There are already Bitcoin credit cards that are accepted wherever Visa and the others are. Indeed Bitcoin has already reached the event horizon and is now TOO BIG TO FAIL. Bitcoin’s market value is now more than General Electric’s, and Morgan Stanley’s! At $160 Bln, Bitcoin's Market Cap is Larger Than That of Once World's Largest Company Bitcoin's market value is now larger than Goldman Sachs and Morgan Stanley But it’s not just the marketcap that is so important. It is the BILLIONS of dollars, Yen, Juan(Renminbi), Rubles, Pesos, etc etc. that are now flowing into it. And even more than that, it is the entire sum of the people who are putting their trust and hard earned money into all cryptocurrencies. So this is my answer when noobs ask “But…what’s backing it up?” A: Billions of dollars and billions of people who have invested in it. JUST LIKE the Dollar or any other currency. Q: Why are they so powerful? Let’s put all of the geek tech-answers aside. Cryptos are so powerful because they are the first money that YOU actually own. 100% You think you own your gold? Think again, someone like FDR can come by and confiscate it and make YOU a criminal for wanting to keep your gold: Google Executive Order 6102 - Wikipedia! Cypress (2012–2013) is another good example, don’t even think for a second that you own “your” money in the bank. The weakness right now of all cryptocurrencies is that they are on a network+infrastructure (satellites, telephone lines etc.) that is owned by the government. THAT is the next challenge. Until then, I recommend you read ANYthing by James Altucher about bitcoin, and also Nassim Taleb Again, we are in the early stages right now and we are shaking the tree. The coins I think show promise are: Bitcoin - first mover advantage - too big to fail. Litecoin - it always worked better and faster. Ethereum - Bitcoin 2.0. If the blockchain is a software, why not put programs in it?! ICO anyone? Remove the middleman! Iota - Bitcoin 5.0!!!!!11111 - This is the Matrix! Instead of a blockchain they have a “tangle” with “zero cost transactions.” The internet of things - yes this is skynet 2050 ;-) This is where the machines become sentient… All privacy based coins: Monero Zcash The future looks bright!
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Jan 23, 2018 23:51
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julian assflange posted:The $1.5m poster should spend some money on a high resolution av 
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Jan 23, 2018 23:52
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Comfy Fleece Sweater posted:Iota - Bitcoin 5.0!!!!!11111 - This is the Matrix! Instead of a blockchain they have a “tangle” with “zero cost transactions.” The internet of things - yes this is skynet 2050 ;-) This is where the machines become sentient…
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Jan 23, 2018 23:54
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Moxxis Endowment posted:As it is paper money only accounts for 14% of all fiat wealth. It's already mostly digital. The real question is what sort of digital money do we want? Do we want money controlled by corrupt, self-interested central authorities that have demonstrated their ineptitude time and time again? I live in Australia, where the government's monetary policy played a large part of avoiding recession during the Global Financial Crisis. It would have been more difficult to respond to the GFC if the government was tied to the price of a fixed commodity such as Gold or Bitcoins Also when people refer to Bitcoins as a ponzi scheme they really just mean that noone is buying it to use it as a currency and instead buying it to speculate. The owners can only profit if new owners are recruited, not from any use of the underlying asset itself. The idea that there is no organized con-men behind the scenes is an interesting concept itself and could be a black mirror episode
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Jan 23, 2018 23:56
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Moxxis Endowment posted:Possibly the weakest ad-hominem I've ever seen. You may have noticed my post about how all bitcoiners are either stupid or are assholes? Well, you appear to be both. Is that better?
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Jan 23, 2018 23:56
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Waltzing Along posted:You may have noticed my post about how all bitcoiners are either stupid or are assholes? Well, you appear to be both. She's also pretty wealthy as a consequence of crypto, while you seem to have invested chiefly in poo poo posts?
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Jan 23, 2018 23:58
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Moxxis Endowment posted:As it is paper money only accounts for 14% of all fiat wealth. It's already mostly digital. The real question is what sort of digital money do we want? Do we want money controlled by corrupt, self-interested central authorities that have demonstrated their ineptitude time and time again? I want a currency controlled by centralized authorities. Centralized authorities have been the primary provider of security, stability, arbitration, and infrastructure that have made civilization and all of it's many benefits possible.
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Jan 23, 2018 23:58
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Waltzing Along posted:You may have noticed my post about how all bitcoiners are either stupid or are assholes? Well, you appear to be both.
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Jan 23, 2018 23:58
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EAT FASTER!!!!!! posted:She's also pretty wealthy as a consequence of crypto, while you seem to have invested chiefly in poo poo posts? Shitposts are at $6000. WTF!
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Jan 23, 2018 23:59
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So, hypothetically, what are the specifics of when tethers become actual dollars? Will there be just a tweet going "tethers are dollars now" and go to all the good hodler boys and girls? Or will it be more complicated than that? Honest question.
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Jan 23, 2018 23:59
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EAT FASTER!!!!!! posted:She's also pretty wealthy as a consequence of crypto, while you seem to have invested chiefly in poo poo posts? If he/she is telling the truth, then that wealth has come from taking advantage of others. Hence: rear end in a top hat. I think he is just a troll, though. It's pretty easy to get GBS bitcoin hater riled up.
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Jan 24, 2018 00:00
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Waltzing Along posted:If he/she is telling the truth, then that wealth has come from taking advantage of others. Hence: rear end in a top hat. If that makes me an rear end in a top hat in your view, than 
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Jan 24, 2018 00:03
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I know it's a longstanding point of pride to literally never believe anyone on the internet about anything that they post, ever, but it's gobsmacking to me that skepticism has caused so many goons to sit out on the most dramatic asset appreciation in modern history because they want to sit here and post "lolbuttcoins." And then to attack the people who didn't, who dipped their toes in the poop and made hundreds of thousands of dollars along the way.
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Jan 24, 2018 00:03
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Moxxis Endowment posted:You're one to talk, you pixelated gently caress. Welp!
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Jan 24, 2018 00:03
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Could be a black mirror episode
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Jan 24, 2018 00:05
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EAT FASTER!!!!!! posted:I know it's a longstanding point of pride to literally never believe anyone on the internet about anything that they post, ever, but it's gobsmacking to me that skepticism has caused so many goons to sit out on the most dramatic asset appreciation in modern history because they want to sit here and post "lolbuttcoins." Anyone who has ever posted their iq in response to a post is a fake poster
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Jan 24, 2018 00:06
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AARO posted:Could be a black mirror episode What if blockchain... But too much???
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Jan 24, 2018 00:06
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What is more likely, someone telling you the truth that they made 1.5 million off bitcoin or someone lying about it?
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Jan 24, 2018 00:07
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Zelder posted:Anyone who has ever posted their iq in response to a post is a fake poster 146
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Jan 24, 2018 00:08
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EAT FASTER!!!!!! posted:And then to attack the people who didn't, who dipped their toes in the poop and made hundreds of thousands of dollars along the way. Any $$$ that people make with bitcoin comes at the expense of others. At some point people are stuck with the hot potato and lose their $$. There is no real value in bitcoin. Usually, someone earns $$$ by providing a service. Whether it be trading their time for $$$ or by trading goods for $$$. Bitcoin is just put some $$$ in and then cash out at a later point. It's bad. Really bad and a lot of people are going to be hurt by it. True, it is due to their own stupidity, but that still doesn't make it right.
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Jan 24, 2018 00:08
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EAT FASTER!!!!!! posted:I know it's a longstanding point of pride to literally never believe anyone on the internet about anything that they post, ever, but it's gobsmacking to me that skepticism has caused so many goons to sit out on the most dramatic asset appreciation in modern history because they want to sit here and post "lolbuttcoins." I just hope you've got some DentaCoins ready for when I smack your teeth in for that loving av of yours
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Jan 24, 2018 00:09
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