51–60 of 72 posts
wow. considering the kind of people lurking in early cryptocurrencies i won't be surprised if he ends up assassinated fairly soon.
If it happens it would be the first assassination by keyboard ever.
The longer I look at it, the more Bitcoin looks like a scheme to enrich criminals and enable rogue states to do business. Does it help the world economy that a large handful of people who go into bitcoin early now are controlling millions of dollars that they would have otherwise never, ever seen? And what of Bitcoins benefits? Anonymous? Not for normal people on coinbase/etc. Fast? Nope. Convenient for shopping? Not…
I wish I could find the link, and Googling is cluttered: [0] There was an IMF (or World bank?) paper from the 70s, a .txt was online somewhere It described "a possible future of digital currency" .. and described Bitcoin with a lot of accuracy. [1] An analysis theorizing Bitcoin was first mined on networked computers running the same hardware config - something about how the randomness repeated and the rate of new ha…
"She pointed to distributed ledger technology like blockchain that can help make the banking system more inclusive." https://www.cnbc.com/2017/10/13/bitcoin-get-serious-about-di...
She is basically saying that banks need to come together and decide on a decentralized ledger system.
> However, after a strange turn of events, it turned out that creditors of Mt. Gox, or former bitcoin traders on the Mt. Gox exchange, requested an equivalent amount of bitcoin to be paid out in Japanese yen at the beginning of Mt. Gox liquidation proceedings. In simpler terms, creditors requested Karpeles and Mt. Gox to process refunds in Japanese yen rather than bitcoin, which has risen substantially in value since…
I have the form right here in front of me. I requested to be paid in bitcoin.
That's cool, I didn't need the $50,000 in bitcoin he fucked me out of anyways.
Follow the US' indictment of BTC-E founder for parallel details.
tl;dr BTC-E had hacked basically every exchange for those fairly worthless internet points and giggles, and was selling them for cheaper on its exchange in a massive and ongoing laundering/mixing scheme that could only benefit the founders and people with accounts in Bulgaria, Romania and Russia
The longer I look at it, the more Bitcoin looks like a scheme to enrich criminals and enable rogue states to do business. Does it help the world economy that a large handful of people who go into bitcoin early now are controlling millions of dollars that they would have otherwise never, ever seen? And what of Bitcoins benefits? Anonymous? Not for normal people on coinbase/etc. Fast? Nope. Convenient for shopping? Not…
OK i don't know the moral significance of that in itself. Should the people of oil rich regions not have made the money they made? It's not answerable i think.
The moral status of bitcoin rests on the support it receives by its community. Given that most of its value is currently in speculation, i would wager the average morals of the community are not aligned with what we 're used to.
Earlier quoted context omitted.
Hypothetical problem... Let's imagine a universe in which milk is a rare commodity, and milkshakes are worth their weight in gold. In this world, right now in 2017, 1 milkshake trades for $100 USD. You have a milkshake, and I have a milkshake. So we each hold the equivalent of $100. I drink your milkshake, effectively stealing $100 from you. Fast forward to the year 2020. Milkshakes are now worth $1,000,000 USD. Have…
You stole $100 from me. If the value of milkshakes went down to 0 in 2020, would you say you deprived me of nothing? This is basically like the people talking about the guy who spent thousands of bitcoins on pizza as if he lost shitloads of money by buying that pizza. Of course he didn't.
If we add the condition that milkshakes are not replaceable, does that change the outcome? I'll stfu now if this is derailing things.
Earlier quoted context omitted.
Hypothetical problem... Let's imagine a universe in which milk is a rare commodity, and milkshakes are worth their weight in gold. In this world, right now in 2017, 1 milkshake trades for $100 USD. You have a milkshake, and I have a milkshake. So we each hold the equivalent of $100. I drink your milkshake, effectively stealing $100 from you. Fast forward to the year 2020. Milkshakes are now worth $1,000,000 USD. Have…
Assumptions: milkshakes are fungible (I can buy a functionally equivalent milkshake), I have the wealth to acquire a replacement milkshake without significantly shifting the balance of my assets. Under those assumptions, you have deprived me of the exchange value of my milkshake at the time it becomes known to me that you have misappropriated it. This is my moral judgment, not a legal opinion. [Edit: I did not take y…
The longer I look at it, the more Bitcoin looks like a scheme to enrich criminals and enable rogue states to do business. Does it help the world economy that a large handful of people who go into bitcoin early now are controlling millions of dollars that they would have otherwise never, ever seen? And what of Bitcoins benefits? Anonymous? Not for normal people on coinbase/etc. Fast? Nope. Convenient for shopping? Not…
> who go into bitcoin early should be controlling millions of dollars that they would have otherwise never, ever seen? OK i don't know the moral significance of that in itself. Should the people of oil rich regions not have made the money they made? It's not answerable i think. The moral status of bitcoin rests on the support it receives by its community. Given that most of its value is currently in speculation, i wo…
Maybe BTC is good at accelerating global warming.