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BloodyScab posted:I have nothing to do with bitcoin but I love how you all have been objectively wrong about it for over half a decade now. Hello I have been posting about goons being objectively wrong about bitcoins for some time. Every goon that has made fun of buttcoins or claimed that you can't get money out is a dumb jackass with 0 predictive ability re: the world and the future. So basically just take a look at all the anti buttcoiners, the helpful mod of r/buttcoins that wrote a book about how wrong he is, and you'll have a good idea of the people you should never, ever listen to again.
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Oct 24, 2017 17:49
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poverty goat posted:Most of gbs knows nothing about btc except what they learned in the early days when these threads were just r/Bitcoin helldump In the last bitcoin thread a financial industry dude with 140 IQ wrote like 4 long rear end posts about how bitcoin is a scam that will never be worth anything, I plan to revisit those posts when bitcoin hits either 7.5k or 10k, depending on when that is Did you know Bitcoins are like: An MLM A casino A ponzi scheme A tulip A beanie baby A penny stock A fake bridge being sold to someone This is what idiots genuinely believe lmao
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Oct 24, 2017 17:52
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Fartbox posted:So what, are you some sort of millionaire? Did you make a fortune on buttcoins I'm just laughing at people making predictions that are utter garbage but feel the need to keep making them. Bitcoin is gonna collapse, the exchanges are gonna fail, the same dudes repeating it at 1200, 2500, 5000, and now 6000 "It's not a store of value and it's not a currency and it has no inherent value unlike stocks and you cant get your money out and you can only buy drugs or child porn" as long as people keep repeating dumb poo poo I'll keep enjoying that they appear to be as wrong as it is possible to be wrong
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Oct 24, 2017 18:22
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Pac-Manioc Root posted:in tyool 2017 any prediction made based on the world not being the most impossibly, absurdly stupid place are being dashed Haha no anyone that was sure that they had a crystal ball and that they were right re: bitcoins being a scam, turns out to be a dumbass that is incapable of understanding new things or making useful predictions. Like, they are idiocy incarnate and spent months / years spreading their poo poo to other people because they are dumb. Ahahahaha. It's great. One guy wrote a book about it lmao
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Oct 24, 2017 18:24
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a bone to pick posted:Yes those other people are definitely the spiteful, bitter ones lol. Haha I didn't say they were spiteful or bitter, they are literally dumbasses that decided to spread their dumbassery to the world, convinced they were right and that they had to save other dumbasses from themselves an ouroboros of dumbasses, welcome to r/buttcoin
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Oct 24, 2017 18:28
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Genderfluent posted:While obviously some people have made quite a bit on bitcoin, even the hardcore fans have to admit there is no obvious reason that it should continue to remain at it's current value since it has extreme volatility. I think anyone getting in now is very likely to get hosed. Just wait til the next crash People made this prediction when Bitcoin was $2500-3000 in June of this year, in the last Bitcoin thread. Bitcoin will not go above $3000, even if it appreciated from $1200 to $3000, it won't go much further, so there's no more money to be made. So what I'm trying to say, unless you have a crystal ball and know the future, why on earth would you post this dumb poo poo. It could go to 9k or crater to 3k and the point is that I don't know and you don't know about this speculative currency that is brand new But apparently you DO know that 6k is the peak and you gotta wait for a dip and buy for reasons
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Oct 24, 2017 18:35
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EorayMel posted:You should ask this to your own posts. The yospos snipe contingent is my favorite part of this whole thing. Sometimes I enjoy reading the "other thread" where there's dozens of sysadmins congratulating themselves for being smart enough to avoid bitcoins and writing books and modding subreddits about how bitcoins are a scam. It's a parallel world.
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Oct 24, 2017 18:39
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poverty goat posted:Believe it or not, the truth is somewhere in the middle and those of you who are convinced that Bitcoin is bad for reasons a goon told you in gbs in 2011 are just as retarded as a true believer like ham sandwiches who made money investing poorly and thinks it's because of his keen financial instinct Literallly the only thing I have posted is that the goons that believe Bitcoins are bad because gbs told them so have been sold a line of poo poo in the name of laughing at redditors, and that the people repeating that stuff are dumb as hell
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Oct 24, 2017 18:45
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NihilismNow posted:Sometimes you make mistakes. You laught at bitcoin when it is $20. You think Google at $100 is overvalued, Facebook isn't worth $40 a share and so forth. And then you post pictures of drying strawberries and garbage charts for years, because it would be wrong for others not to benefit from your sage insight. That's just the most amazing part, to me. "Do you know what mtgox stands for?? Magic The Gathering Online Cards! Not even the right kind of Magic cards!"
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Oct 24, 2017 18:58
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NihilismNow posted:Should have invested in dual lands back in the day, now that was a investment opportunity. From Black Lotus to Bitcoin, one millionaire's story
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Oct 24, 2017 19:06
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Prettz posted:You're aware that this is still funny, right? It's still funny. It's absolutely hilarious. That people were that dumb about what was going to happen about bitcoin, and it stands as a testament to their achievements.
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Oct 24, 2017 19:20
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SilvergunSuperman posted:I forget, what's your investment again? Imagine fixating on a point in time and never being able to move past it. Like picking the moment the trading volume drops and deciding "oh wow thats great. Material for years!" or just recycling the "Magic Cards Magic Cards Magic Cards" poo poo on a forum for 6 years while being wrong the whole time It turns out we don't have to imagine there's bitcoin threads
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Oct 24, 2017 19:29
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amotea posted:Dude your only argument is basically: I invested in a very risky financial instrument and it paid off, therefore I am a genius and everyone that said it was an insanely risky thing to invest in is wrong. That's not how math works :\. Really is it easy to take $20 and turn it into $6000 on options / roulette? 30x returns when investors chase 10% a year like it's a unicorn? It was an exceedingly risky and speculative cryptocurrency that was created and it was brand new. For whatever reason people felt the need to predict that it was a scam and endlessly post to avoid it entirely, that it would never be useful for anything other than drugs and child porn and that you can't get your money out. Even now you're repeating the stuff about "easy to cash out" as if it's in any way difficult to cash out Coins. Laughing at the mtgox exchange as representative of the legitimacy of it, pretending you'd lose all your money to exchanges or never be able to use it for anything real, these were all predictions that people made, and they were utterly false. I am just pointing out that those people's claims were horseshit.
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Oct 24, 2017 19:39
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https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.htmlquote:New York University professor of corporate finance and valuation Aswath Damodaran argues that bitcoin is a currency, but it is still not that practical for transactions. loving lol
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Oct 25, 2017 04:10
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a bone to pick posted:Boy, has he. He said it was a currency, which the goon financial analyst with 140 IQ claimed it absolutely was NOT, I posted that article to show that well, what do you know, he's wrong Remember the standard argument is that bitcoins are not a store of value OR a currency, thats the buttcoin mantra So this dude points out that there are issues with it as a currency, but yeah, guess what, he flat out says "oh yeah its a currency"
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Oct 25, 2017 20:23
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Blast of Confetti posted:imagine having so much nothing to do that you start frothing at the mouth for not buying bitcoin imagine being very concerned with how other people post while having nothing to offer to the conversation yourself. This guy doesn't have to imagine
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Oct 25, 2017 20:24
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COMRADES posted:Without explaining why it is a currency. But even he says you can't invest in it and its only for speculative trading at this point. He says it's a currency. The buttcoiners claimed it's not a currency. This gentleman disagrees, and feels it is a currency. I offered that article as proof of a respected financial analyst, on TV, calling Bitcoins a currency. That's pretty much it buddy.
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Oct 25, 2017 20:32
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COMRADES posted:I can show you someone on TV saying that Nibiru is coming but that doesn't make it real. Also that dude is waffling because he is quoted as saying it is a currency but also that it isn't a currency yet so which is it. Well, New York University professor of corporate finance and valuation Aswath Damodaran, seems to feel that Bitcoin is a currency quote:"I will argue that bitcoin is not an asset, but a currency, and as such, you cannot value it or invest in it. You can only price it and trade it," And I posted that link to explain that a NYU professor just described that he feels bitcoin is a currency, I can't wait to hear unix sysadmins with self published ebooks have to say
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Oct 25, 2017 20:38
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Burt Sexual posted:I'm having to respond to a US government request for Information for my company. One of the questions was describe your experience/thoughts on blockchain technology to be used within a user authentication/authorization system. All I can think of is "Maybe 20 minute logons?" That's because you believe stuff that isn't true and can't think outside of your current experience / secondhand stuff you heard on the internet. I don't even mean this as a slam. Imagine a leech doctor saying "I can't imagine how these pills will ever make people healthy" and you have a good grasp of the situation
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Oct 25, 2017 20:40
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COMRADES posted:For the 3rd time, that article quotes that guy saying it is a currency and that also it can be a currency one day and that's its path forward so... it can't loving be both at the same time dude. Well, in his blog that he wrote on the topic, he says it's a currency. That's why I posted that article. A digital currency, a cryptocurrency.
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Oct 25, 2017 20:41
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COMRADES posted:... You seem to be unable to reconcile people expressing things slightly differently in different contexts, but since the blog post was his prepared views on the topic, why not go with that since it's pretty comprehensive http://pages.stern.nyu.edu/~adamodar/ http://aswathdamodaran.blogspot.com/ quote:As I have noted with my earlier posts on crypto currencies, in general, and bitcoin, in particular, I find myself disagreeing with both its most virulent critics and its strongest proponents. Unlike Jamie Dimon, I don't believe that bitcoin is a fraud and that people who are "stupid enough to buy it" will pay a price for that stupidity. Unlike its biggest cheerleaders, I don't believe that crypto currencies are now or ever will be an asset class or that these currencies can change fundamental truths about risk, investing and management. The reason for the divide, though, is that the two sides seem to disagree fundamentally on what bitcoin is, and at the risk of raising hackles all the way around, I will argue that bitcoin is not an asset, but a currency, and as such, you cannot value it or invest in it. You can only price it and trade it. Ham Sandwiches fucked around with this message at 20:58 on Oct 25, 2017 |
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Oct 25, 2017 20:45
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Inept posted:not a slam, but you're a big bitch idiot! Yeah like, if you believe that the iphone 4 or 5 is exactly the right size and that nobody will use phones larger than that, you would be a yospos poster, and you would believe things that aren't true. It's just a sign of inability to predict the future, and I call that dumb.
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Oct 25, 2017 20:47
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nomad2020 posted:Get in touch with James Randi, theres $1000000 in it for you given you can see the future The movie "the big short" was about lots of things, including some traders that predicted the CDO crash was coming, made bets accordingly, and were rewarded. It's a sign that they did understand, more correctly than their peers that were still investing in CDOs, how this stuff works. The ability to extrapolate into the near future based on ones understanding is in fact an ability human beings possess, though some do it better than others.
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Oct 25, 2017 21:07
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COMRADES posted:Either way he's making an interesting argument unrelated to what you are talking about and in that same blog post he also, in a nutshell, calls people like you extremely foolish. Yeah he defines currencies then calls it a currency, which you seemed to take pains to avoid. You are willing to admit he called it a currency, yes? The in a nutshell part you should reframe as "I'm not wrong, it's you that's wrong" because that's what you are saying, having been owned about this guy that point blank called it a currency  quote:The choice then becomes whether it is a currency or a collectible, with its supporters tilting towards the former and its detractors the latter. I argued in my last post that Bitcoin is a currency
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Oct 25, 2017 21:18
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COMRADES posted:I think you're just misreading. He flat out says that it's a currency, if you can't read and the words that guy is using and he's saying "It's a currency, but has some issues remaining" as "Well maybe it's not a currency" then it appears there's something defective with your ability to process words
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Oct 25, 2017 21:20
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Burt Sexual posted:Lol yeah you know what, all these years of working in advanced technology was really a waste. I should trust Ham Sandwiches opinion the most. A centralized database that hashes auth events is hardly new, we do it today, but it’s not the distributed model of bitcoins which fucks up everything. Lol leaches. What do you do Ham, so I can properly reference my research? I’m a systems architect for one of the big three Federal IT contractors. Well you seem to genuinely believe that blockchains are not useful and that their technical problems will not be solved. That seems like a bold claim that would either be made out of ignorance or to further an argument, since even buttcoiners generally admit that blockchains may be useful. There's been lots of articles written about the uses. And the tech isn't even that speculative - since you yourself say it's based on fairly standard techniques, how would these issues be so insurmountable?
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Oct 25, 2017 21:23
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COMRADES posted:You flat out don't understand basic economic concepts so idk what to tell you lol. He also says it is a currency. A currency. That's what he calls it, and that's what he feels best describes it. So then, bitcoins are a digital currency, a cryptocurrency.
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Oct 25, 2017 21:23
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COMRADES posted:He also calls it gambling. You can gamble with dollars, and that's another currency. You go to a casino, and you are gambling - with currency.
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Oct 25, 2017 21:24
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COMRADES posted:He also says this Ok. But you know what else he says? That it's a currency. I posted that link so that we wouldn't have to keep arguing that bitcoins are neither a store of value nor a currency. Since apparently, they are a currency. It's just amazing watching you try to refuse to accept this simple loving point dude.
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Oct 25, 2017 21:26
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COMRADES posted:So you concede that it is in fact gambling and not a sure thing like you were insisting for dozens of posts in the last thread? No, not at all. I'm simply saying that if something is a currency it doesn't preclude people choosing to gamble with it. You can gamble with any currency, so I dont know why you are bringing gambling on it. This discussion is about bitcoins being a currency.
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Oct 25, 2017 21:27
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COMRADES posted:So when the blog says "it is a currency" that's undisputed truth but when the same post says "buying BTC is like gambling" then no it's wrong? Are you admitting that it's a currency? He's describing the current problems with that currency, that it's volatile, that it's not widely accepted, that it's hard to travel with. And that's all within the context of it being a currency.
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Oct 25, 2017 21:29
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Burt Sexual posted:A bitcoin style, or any of the current deployments, will not work without significant changes that destroy some or all of the core religious tenets of btc. In any case, lol I’m not sharing how I’ll describe that to the Feds for SA user Ham sandwiches. You were in fact sharing it in the post that I responded to, unless you were just making stuff up. 20 minute transactions?? Lmao literally can't think of how this would be solved.
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Oct 25, 2017 21:30
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LGD posted:So what? Shells are a currency, as are gigantic 7 ton stones. You can gamble with any currency, however most common forms of currency have useful properties and deciding to acquire some is not typically described in and of itself as a gamble because it's being done for reasons other than speculation- it either serves as a means of exchange or a store of value. Well in the previous thread, there were a variety of posters claiming that it is not a currency or a store of value. And this article refutes those claims, it may not be a store of value, but it is a currency.
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Oct 25, 2017 21:40
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Burt Sexual posted:Seriously, why do you care? Well, because those posters were wrong. And I'm here to point that out. That if you are listening to the yospos sysadmin buttcoin crew, it appears that their track record is about 0% and holding on the buttcoin predictions over time. A most unfortunate thing.
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Oct 25, 2017 21:44
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Burt Sexual posted:Valiant. What do you do? Well, here's what I don't do. I don't give people garbage advice telling them to run, not walk, from digital currencies that they can mine with their spare GPU cycles in their own bedroom out of a misguided idea that I know better and I'm saving the ignorant masses from themselves.
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Oct 25, 2017 21:48
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LGD posted:so you've (arguably) won a semantic argument about what bitcoin conceptually is at the cost of admitting bitcoin is a terrible iteration of that concept relative to the alternatives Yes, the posters that were in such a rush to claim that bitcoin is literally nothing - not a currency, not a store of value, so overstated their claims that the very obvious conclusion that yeah, its a currency, makes it clear the rigor with which they reasoned. but of course you don't see that as a win. Having people claim "its not a currency" vastly overstating and simplifying the issue, misleading others, and being proven wrong - that's precisely my issue with the buttcoin posters. They literally make up bs claims that a currency is not a currency for ecred / max posturing. That sucks.
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Oct 25, 2017 21:52
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Burt Sexual posted:This post is And all the posts over the past year re: buttcoins are ignorance embodied. People making predictions and claims that the exchanges + bitcoins will collapse without knowing what they're talking about. The 20 minute transactions post is one among many. It will be fun bringing that up in a few months, and I expect some non answer, much like today.
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Oct 25, 2017 21:58
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embodied. If we had a white knight one I’d add that.
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chaosbreather posted:There’s a difference between being a sucker and just not being an amoral sociopath who when lucky is taking money from organised crime and pedophiles to help them launder money. Ah yes the drugs and child porn post
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Oct 25, 2017 22:07
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chaosbreather posted:Drugs, ransomware, kidnaping, identity theft, human trafficking and child porn, that’s what you’re enabling, yes. This is what this guy is really posting in October, 2017, without a shred of self awareness. He truly believes it. It's just amazing.
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Oct 25, 2017 22:18
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Wall street fund managers: more financially savvy than goon sysadmins with self published ebooks, it appears https://www.cnbc.com/2017/10/27/there-are-now-more-than-120-hedge-funds-focused-solely-on-bitcoin.html
quote:More than 90 funds focused on digital assets like bitcoin have launched this year, bringing the total number of such "crypto-funds" to 124, according to financial research firm Autonomous Next.
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Oct 28, 2017 16:13
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