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South Korea justice ministry prepares to ban cryptocurrency trading

reuters.com

131–140 of 148 posts

Re: South Korea justice ministry prepares to ban cryptocurrency trading

#131
post #101

Earlier quoted context omitted.

> superficial pattern matching. > Bitcoin is Google. Is this satire?

Google provides a valuable service that saves me time. Bitcoin, uhh...

If you can’t see how Bitcoin provides millions of others a valuable service, you have a poor imagination.

Re: South Korea justice ministry prepares to ban cryptocurrency trading

#132

Earlier quoted context omitted.

> Not trying to be pessimistic but genuinely curious why so many people make the analogy to the dot com period. Because most people are not creative nor critical thinkers and the extent of their brilliance is superficial pattern matching. To most people the dot-com bubble seems to fit all the patterns so by their logic it must have the same outcome. If you think critically about the differences of the crypto craze an…

> superficial pattern matching. > Bitcoin is Google. Is this satire?

You’re right. I meant, if anything Bitcoin is Google, but it’s not even that.

Re: South Korea justice ministry prepares to ban cryptocurrency trading

#133

Earlier quoted context omitted.

> Not trying to be pessimistic but genuinely curious why so many people make the analogy to the dot com period. Because most people are not creative nor critical thinkers and the extent of their brilliance is superficial pattern matching. To most people the dot-com bubble seems to fit all the patterns so by their logic it must have the same outcome. If you think critically about the differences of the crypto craze an…

I don’t think Bitcoin is Google, with the limit of 7 transactions per second, it just can’t scale enough to be the Google of currencies.

Do you think the only thing that makes cryptocurrencies valuable is transaction rate?

Re: South Korea justice ministry prepares to ban cryptocurrency trading

#134
post #101

Earlier quoted context omitted.

Google provides a valuable service that saves me time. Bitcoin, uhh...

If you can’t see how Bitcoin provides millions of others a valuable service, you have a poor imagination.

Please do explain this service! Because as far as I can tell it's got no real utility outside of speculation.

Re: South Korea justice ministry prepares to ban cryptocurrency trading

#135

Earlier quoted context omitted.

>The cost of electricity use to produce them adds a value to it. This is a sunk-cost, not added value.

You should reach Satoshi' s whitepaper.

I have, please elaborate.

Re: South Korea justice ministry prepares to ban cryptocurrency trading

#136

Earlier quoted context omitted.

The real shame is that you decided to litter the comments with passive-aggressive complaining about how the community regards a particular technology. The most insulting part is your glib dismissal of the critics as shallow-thinking trend followers rather than actually engage the body of legitimate criticism in an intellectually honest manner. Comments like the one you've posted here are a key factor in the negative…

You'd think what was once one of the most intelligent communities on the internet would be discussing the merits and potential benefits of each alt-coin, how they differ both technologically and from a theoretical standpoint. But instead the only thing this forum is riddled with is what looks to be a bunch of old, bitter nerds.

There is plenty of technical discussion of all things blockchain on this site, it's only that the enthusiasts don't like the conclusions of the community so they get defensive and lash out with insults like "old bitter nerd".

Re: South Korea justice ministry prepares to ban cryptocurrency trading

#137
post #134

Earlier quoted context omitted.

If you can’t see how Bitcoin provides millions of others a valuable service, you have a poor imagination.

Please do explain this service! Because as far as I can tell it's got no real utility outside of speculation.

How about the ability to move large sums of money around the world without having to trust or be limited by any government or bank?

Re: South Korea justice ministry prepares to ban cryptocurrency trading

#138
post #134

Earlier quoted context omitted.

Please do explain this service! Because as far as I can tell it's got no real utility outside of speculation.

How about the ability to move large sums of money around the world without having to trust or be limited by any government or bank?

Not really that useful to many millions of people IMHO.

Re: South Korea justice ministry prepares to ban cryptocurrency trading

#139
post #138

Earlier quoted context omitted.

How about the ability to move large sums of money around the world without having to trust or be limited by any government or bank?

Not really that useful to many millions of people IMHO.

Millions, yes it is... the world is a lot bigger place than you think it is.
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