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" ... seems no-one on this site understands what it is" Certainly nobody touting it does, anyway. | |||
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" ... seems no-one on this site understands what it is Certainly nobody touting it does, anyway." and less so those dismissing it so it appears | |||
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" ... seems no-one on this site understands what it is Certainly nobody touting it does, anyway. and less so those dismissing it so it appears" Oh, then by all means, make your case. | |||
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" ... seems no-one on this site understands what it is Certainly nobody touting it does, anyway. and less so those dismissing it so it appears Oh, then by all means, make your case." see my first post | |||
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" ... seems no-one on this site understands what it is" Really? | |||
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"Trying to find out more about it. Been watching this for about a year now. Not only Bitcoin but other crypto currencies too" we have been using various elements of the blockchain principle in our work for a while now ... so far it's helped immensely with artistic rights and cross border colaboration  | |||
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"Has anyone here actually ever spent a bitcoin? " yes ... i spent some the week before last in vancouver | |||
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"if you raised your IQ instead, you might get the point of bitcoin "Why is it that people who are utterly convinced about bitcoin can never explain why that is? | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver" How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. | |||
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"if you raised your IQ instead, you might get the point of bitcoin
Why is it that people who are utterly convinced about bitcoin can never explain why that is?"they don't need to ... the system works better when the mainstream aren't capable of understanding it .... if it becomes mainstream then the point of it will become pointless | |||
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"if you raised your IQ instead, you might get the point of bitcoin
Why is it that people who are utterly convinced about bitcoin can never explain why that is?
they don't need to ... the system works better when the mainstream aren't capable of understanding it .... if it becomes mainstream then the point of it will become pointless "What's the point of a currency that people can't use? I understand bitcoin but I don't understand THAT.  | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. " gbp conversion? that isn't how we've transacted the units. the bitcoins we've spent aren't directly relative to monetary exchange rates ... that concept is used by the media to attempt to explain the principles involved to lay-people, purely because people have a problem understand it unless they can correlate it with a datum ... such as the value of sterling etc | |||
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"if you raised your IQ instead, you might get the point of bitcoin
Why is it that people who are utterly convinced about bitcoin can never explain why that is?
they don't need to ... the system works better when the mainstream aren't capable of understanding it .... if it becomes mainstream then the point of it will become pointless
What's the point of a currency that people can't use? I understand bitcoin but I don't understand THAT. "you clearly don't then do you | |||
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"if you raised your IQ instead, you might get the point of bitcoin
Why is it that people who are utterly convinced about bitcoin can never explain why that is?
they don't need to ... the system works better when the mainstream aren't capable of understanding it .... if it becomes mainstream then the point of it will become pointless
What's the point of a currency that people can't use? I understand bitcoin but I don't understand THAT. ". So you understand mainstream currency?. I ask that because IMO... 99% of people haven't got a clue, even intelligent educated people misunderstand it, I was told by Fabio that I was completely wrong about inflation, it's all too do with prices going up and nothing to do with currency going down?. I simply asked, ok why did prices go up?....  .
99% of people just repeat state sponsored information as of its true | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. gbp conversion? that isn't how we've transacted the units. the bitcoins we've spent aren't directly relative to monetary exchange rates ... that concept is used by the media to attempt to explain the principles involved to lay-people, purely because people have a problem understand it unless they can correlate it with a datum ... such as the value of sterling etc" So the things you spent your bitcoins on couldn't have alternatively been purchased in dollars or pounds? Is that what you are saying, or have I got the wrong end of the stick? | |||
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"The actual word should give you a clue it's not called inflation for nothing?. What are you inflating?" The price | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. gbp conversion? that isn't how we've transacted the units. the bitcoins we've spent aren't directly relative to monetary exchange rates ... that concept is used by the media to attempt to explain the principles involved to lay-people, purely because people have a problem understand it unless they can correlate it with a datum ... such as the value of sterling etc So the things you spent your bitcoins on couldn't have alternatively been purchased in dollars or pounds? Is that what you are saying, or have I got the wrong end of the stick? " was studio time, tech equipment leasing, transportation fees, artistic creation services (which encompasses publishing rights etc) ... we even purchased coffee and croissants for 10 guys in a downtown coffeshop ... all using a mobile phone | |||
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"The actual word should give you a clue it's not called inflation for nothing?. What are you inflating? The price" . The price valued in what? | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. gbp conversion? that isn't how we've transacted the units. the bitcoins we've spent aren't directly relative to monetary exchange rates ... that concept is used by the media to attempt to explain the principles involved to lay-people, purely because people have a problem understand it unless they can correlate it with a datum ... such as the value of sterling etc So the things you spent your bitcoins on couldn't have alternatively been purchased in dollars or pounds? Is that what you are saying, or have I got the wrong end of the stick? was studio time, tech equipment leasing, transportation fees, artistic creation services (which encompasses publishing rights etc) ... we even purchased coffee and croissants for 10 guys in a downtown coffeshop ... all using a mobile phone" But you could also have done that in GBP or USD etc, right? | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. gbp conversion? that isn't how we've transacted the units. the bitcoins we've spent aren't directly relative to monetary exchange rates ... that concept is used by the media to attempt to explain the principles involved to lay-people, purely because people have a problem understand it unless they can correlate it with a datum ... such as the value of sterling etc So the things you spent your bitcoins on couldn't have alternatively been purchased in dollars or pounds? Is that what you are saying, or have I got the wrong end of the stick? was studio time, tech equipment leasing, transportation fees, artistic creation services (which encompasses publishing rights etc) ... we even purchased coffee and croissants for 10 guys in a downtown coffeshop ... all using a mobile phone But you could also have done that in GBP or USD etc, right? " why would we? we used bitcoin and eliminated the need for banks, credit card fees, currency exchange fees, money transfer fees, and the need for lawyers or notaries .... in fact we eliminated the need for all the middlemen who make money from the hard work we put in to making music for a living | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. gbp conversion? that isn't how we've transacted the units. the bitcoins we've spent aren't directly relative to monetary exchange rates ... that concept is used by the media to attempt to explain the principles involved to lay-people, purely because people have a problem understand it unless they can correlate it with a datum ... such as the value of sterling etc So the things you spent your bitcoins on couldn't have alternatively been purchased in dollars or pounds? Is that what you are saying, or have I got the wrong end of the stick? was studio time, tech equipment leasing, transportation fees, artistic creation services (which encompasses publishing rights etc) ... we even purchased coffee and croissants for 10 guys in a downtown coffeshop ... all using a mobile phone But you could also have done that in GBP or USD etc, right? why would we? we used bitcoin and eliminated the need for banks, credit card fees, currency exchange fees, money transfer fees, and the need for lawyers or notaries .... in fact we eliminated the need for all the middlemen who make money from the hard work we put in to making music for a living " . Tadaa | |||
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"if you raised your IQ instead, you might get the point of bitcoin
Why is it that people who are utterly convinced about bitcoin can never explain why that is?
they don't need to ... the system works better when the mainstream aren't capable of understanding it .... if it becomes mainstream then the point of it will become pointless ""I was into pyramid schemes before they were cool" | |||
Reply privately (closed, thread got too big) | |||
"if you raised your IQ instead, you might get the point of bitcoin
Why is it that people who are utterly convinced about bitcoin can never explain why that is?
they don't need to ... the system works better when the mainstream aren't capable of understanding it .... if it becomes mainstream then the point of it will become pointless
"I was into pyramid schemes before they were cool"
"i don't really care that you are too small minded to understand that it isn't some kind of cyber snob currency to be honest | |||
Reply privately (closed, thread got too big) | |||
"if you raised your IQ instead, you might get the point of bitcoin
Why is it that people who are utterly convinced about bitcoin can never explain why that is?
they don't need to ... the system works better when the mainstream aren't capable of understanding it .... if it becomes mainstream then the point of it will become pointless
"I was into pyramid schemes before they were cool"
i don't really care that you are too small minded to understand that it isn't some kind of cyber snob currency to be honest "Of course you don't. Loudly posturing that you understand bitcoin so well and that anyone who disagrees with you simply needs to "get moar IQ" is the hallmark of the aloof. | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. gbp conversion? that isn't how we've transacted the units. the bitcoins we've spent aren't directly relative to monetary exchange rates ... that concept is used by the media to attempt to explain the principles involved to lay-people, purely because people have a problem understand it unless they can correlate it with a datum ... such as the value of sterling etc So the things you spent your bitcoins on couldn't have alternatively been purchased in dollars or pounds? Is that what you are saying, or have I got the wrong end of the stick? was studio time, tech equipment leasing, transportation fees, artistic creation services (which encompasses publishing rights etc) ... we even purchased coffee and croissants for 10 guys in a downtown coffeshop ... all using a mobile phone But you could also have done that in GBP or USD etc, right? why would we? we used bitcoin and eliminated the need for banks, credit card fees, currency exchange fees, money transfer fees, and the need for lawyers or notaries .... in fact we eliminated the need for all the middlemen who make money from the hard work we put in to making music for a living " Because I was asking what the value was in GBP and you couldn't tell me, yet listed things that you can also buy with GBP, so you easily could have said. I somewhat understand the elimination of banks arguement, but you could also use paypal, or does that count as a bank? I understand the currency exchange fees point, the establishment of the Eurozone did that for member countries. What have lawyers and notaries got to do with bitcoin? | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. gbp conversion? that isn't how we've transacted the units. the bitcoins we've spent aren't directly relative to monetary exchange rates ... that concept is used by the media to attempt to explain the principles involved to lay-people, purely because people have a problem understand it unless they can correlate it with a datum ... such as the value of sterling etc So the things you spent your bitcoins on couldn't have alternatively been purchased in dollars or pounds? Is that what you are saying, or have I got the wrong end of the stick? was studio time, tech equipment leasing, transportation fees, artistic creation services (which encompasses publishing rights etc) ... we even purchased coffee and croissants for 10 guys in a downtown coffeshop ... all using a mobile phone But you could also have done that in GBP or USD etc, right? why would we? we used bitcoin and eliminated the need for banks, credit card fees, currency exchange fees, money transfer fees, and the need for lawyers or notaries .... in fact we eliminated the need for all the middlemen who make money from the hard work we put in to making music for a living Because I was asking what the value was in GBP and you couldn't tell me, yet listed things that you can also buy with GBP, so you easily could have said. I somewhat understand the elimination of banks arguement, but you could also use paypal, or does that count as a bank? I understand the currency exchange fees point, the establishment of the Eurozone did that for member countries. What have lawyers and notaries got to do with bitcoin? " Actually, with any currency, crypto or not, it's all about the buyer and seller agreeing on the currency being used. So if I go to McDonald's Cambridge tomorrow and try to pay with Thai Baht, they wont accept it, but if I went to McDonald's Bangkok, they would. Bitcoin is no different right? You could only use bitcoin to buy studio time and coffee etc from the people/places who had agreed to take bitcoin. If instead, they had agreed to take GBP in cash, you could have paid everything in cash, with no bank, no exchange fees, no transfer fees and I still don't understand the lawyers and notaries bit. So doesn't cash do the same thing as bitcoin? | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. gbp conversion? that isn't how we've transacted the units. the bitcoins we've spent aren't directly relative to monetary exchange rates ... that concept is used by the media to attempt to explain the principles involved to lay-people, purely because people have a problem understand it unless they can correlate it with a datum ... such as the value of sterling etc So the things you spent your bitcoins on couldn't have alternatively been purchased in dollars or pounds? Is that what you are saying, or have I got the wrong end of the stick? was studio time, tech equipment leasing, transportation fees, artistic creation services (which encompasses publishing rights etc) ... we even purchased coffee and croissants for 10 guys in a downtown coffeshop ... all using a mobile phone But you could also have done that in GBP or USD etc, right? why would we? we used bitcoin and eliminated the need for banks, credit card fees, currency exchange fees, money transfer fees, and the need for lawyers or notaries .... in fact we eliminated the need for all the middlemen who make money from the hard work we put in to making music for a living Because I was asking what the value was in GBP and you couldn't tell me, yet listed things that you can also buy with GBP, so you easily could have said. I somewhat understand the elimination of banks arguement, but you could also use paypal, or does that count as a bank? I understand the currency exchange fees point, the establishment of the Eurozone did that for member countries. What have lawyers and notaries got to do with bitcoin? " lol ... right, you have to understand the blockchain principal for that ... it's about proof of work .... lawyers are used as proof of work in the creative arts ... but still people get ripped off ... using the blockchain as proof of work means it's there for all to see .. permanent and unalterable ... trying to explain these concepts on a forum like this is difficult .... best thing to do is read up about blockchain and try and understand that the term currency is not necessarily monetary currency ... think more like information is currency and you'll be on the right lines we use another cryptocurrency called amp ... created by some guys called synereo ... we use it for online content that we publish ... again we reap the reward rather than paying middlemen | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. gbp conversion? that isn't how we've transacted the units. the bitcoins we've spent aren't directly relative to monetary exchange rates ... that concept is used by the media to attempt to explain the principles involved to lay-people, purely because people have a problem understand it unless they can correlate it with a datum ... such as the value of sterling etc So the things you spent your bitcoins on couldn't have alternatively been purchased in dollars or pounds? Is that what you are saying, or have I got the wrong end of the stick? was studio time, tech equipment leasing, transportation fees, artistic creation services (which encompasses publishing rights etc) ... we even purchased coffee and croissants for 10 guys in a downtown coffeshop ... all using a mobile phone But you could also have done that in GBP or USD etc, right? why would we? we used bitcoin and eliminated the need for banks, credit card fees, currency exchange fees, money transfer fees, and the need for lawyers or notaries .... in fact we eliminated the need for all the middlemen who make money from the hard work we put in to making music for a living Because I was asking what the value was in GBP and you couldn't tell me, yet listed things that you can also buy with GBP, so you easily could have said. I somewhat understand the elimination of banks arguement, but you could also use paypal, or does that count as a bank? I understand the currency exchange fees point, the establishment of the Eurozone did that for member countries. What have lawyers and notaries got to do with bitcoin? Actually, with any currency, crypto or not, it's all about the buyer and seller agreeing on the currency being used. So if I go to McDonald's Cambridge tomorrow and try to pay with Thai Baht, they wont accept it, but if I went to McDonald's Bangkok, they would. Bitcoin is no different right? You could only use bitcoin to buy studio time and coffee etc from the people/places who had agreed to take bitcoin. If instead, they had agreed to take GBP in cash, you could have paid everything in cash, with no bank, no exchange fees, no transfer fees and I still don't understand the lawyers and notaries bit. So doesn't cash do the same thing as bitcoin? " we would've had a job carrying a hundred odd grand through airport security without raising an eyebrow or two lol | |||
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"If you can't explain it, you don't understand it." nice try ... back under the bridge with you | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. gbp conversion? that isn't how we've transacted the units. the bitcoins we've spent aren't directly relative to monetary exchange rates ... that concept is used by the media to attempt to explain the principles involved to lay-people, purely because people have a problem understand it unless they can correlate it with a datum ... such as the value of sterling etc So the things you spent your bitcoins on couldn't have alternatively been purchased in dollars or pounds? Is that what you are saying, or have I got the wrong end of the stick? was studio time, tech equipment leasing, transportation fees, artistic creation services (which encompasses publishing rights etc) ... we even purchased coffee and croissants for 10 guys in a downtown coffeshop ... all using a mobile phone But you could also have done that in GBP or USD etc, right? why would we? we used bitcoin and eliminated the need for banks, credit card fees, currency exchange fees, money transfer fees, and the need for lawyers or notaries .... in fact we eliminated the need for all the middlemen who make money from the hard work we put in to making music for a living Because I was asking what the value was in GBP and you couldn't tell me, yet listed things that you can also buy with GBP, so you easily could have said. I somewhat understand the elimination of banks arguement, but you could also use paypal, or does that count as a bank? I understand the currency exchange fees point, the establishment of the Eurozone did that for member countries. What have lawyers and notaries got to do with bitcoin? Actually, with any currency, crypto or not, it's all about the buyer and seller agreeing on the currency being used. So if I go to McDonald's Cambridge tomorrow and try to pay with Thai Baht, they wont accept it, but if I went to McDonald's Bangkok, they would. Bitcoin is no different right? You could only use bitcoin to buy studio time and coffee etc from the people/places who had agreed to take bitcoin. If instead, they had agreed to take GBP in cash, you could have paid everything in cash, with no bank, no exchange fees, no transfer fees and I still don't understand the lawyers and notaries bit. So doesn't cash do the same thing as bitcoin? we would've had a job carrying a hundred odd grand through airport security without raising an eyebrow or two lol" Not if you declare it, and obviously the vast majority of the time for the vast majority of people, they are not travelling through an airport. | |||
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"Has anyone here actually ever spent a bitcoin? yes ... i spent some the week before last in vancouver How much have you spent in total? Obviously with a GBP conversion. I know a bit about bitcoins (excuse the pun), but really only know enough that I dont really understand them. gbp conversion? that isn't how we've transacted the units. the bitcoins we've spent aren't directly relative to monetary exchange rates ... that concept is used by the media to attempt to explain the principles involved to lay-people, purely because people have a problem understand it unless they can correlate it with a datum ... such as the value of sterling etc So the things you spent your bitcoins on couldn't have alternatively been purchased in dollars or pounds? Is that what you are saying, or have I got the wrong end of the stick? was studio time, tech equipment leasing, transportation fees, artistic creation services (which encompasses publishing rights etc) ... we even purchased coffee and croissants for 10 guys in a downtown coffeshop ... all using a mobile phone But you could also have done that in GBP or USD etc, right? why would we? we used bitcoin and eliminated the need for banks, credit card fees, currency exchange fees, money transfer fees, and the need for lawyers or notaries .... in fact we eliminated the need for all the middlemen who make money from the hard work we put in to making music for a living Because I was asking what the value was in GBP and you couldn't tell me, yet listed things that you can also buy with GBP, so you easily could have said. I somewhat understand the elimination of banks arguement, but you could also use paypal, or does that count as a bank? I understand the currency exchange fees point, the establishment of the Eurozone did that for member countries. What have lawyers and notaries got to do with bitcoin? lol ... right, you have to understand the blockchain principal for that ... it's about proof of work .... lawyers are used as proof of work in the creative arts ... but still people get ripped off ... using the blockchain as proof of work means it's there for all to see .. permanent and unalterable ... trying to explain these concepts on a forum like this is difficult .... best thing to do is read up about blockchain and try and understand that the term currency is not necessarily monetary currency ... think more like information is currency and you'll be on the right lines we use another cryptocurrency called amp ... created by some guys called synereo ... we use it for online content that we publish ... again we reap the reward rather than paying middlemen" Ok, again, I don't know much about the music industry, so explain the need for lawyers and notaries in a traditional currency exchange, and then explain the process when using bitcoin. | |||
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"If you can't explain it, you don't understand it." I think you might be on to something there. | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you " "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. " So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? " Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. | |||
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"if you raised your IQ instead, you might get the point of bitcoin
Why is it that people who are utterly convinced about bitcoin can never explain why that is?
they don't need to ... the system works better when the mainstream aren't capable of understanding it .... if it becomes mainstream then the point of it will become pointless
"I was into pyramid schemes before they were cool"
i don't really care that you are too small minded to understand that it isn't some kind of cyber snob currency to be honest
Of course you don't.
Loudly posturing that you understand bitcoin so well and that anyone who disagrees with you simply needs to "get moar IQ" is the hallmark of the aloof. "At least you're on the path to self awareness 
Make yourself the subject of that statement and look at your contribution to virtually every other thread 
Schooled again | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. " At least he got you googling...You were 100% ignorant before and embarrassing yourself (we all have blind spots). Maybe you might learn some humility from this "lesson" | |||
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" ... seems no-one on this site understands what it is" You've certainly been very busy consulting all site users on their knowledge 
It would have been worthwhile to have posted what your point really was in full, rather than making unsubstantiated claims about others. Especially whilst not evidencing your own expertise or delivering a veiled criticism in a style that could be thought of as inflammatory, passive aggressive. | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. " But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? | |||
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"if you raised your IQ instead, you might get the point of bitcoin
Why is it that people who are utterly convinced about bitcoin can never explain why that is?
they don't need to ... the system works better when the mainstream aren't capable of understanding it .... if it becomes mainstream then the point of it will become pointless
"I was into pyramid schemes before they were cool"
i don't really care that you are too small minded to understand that it isn't some kind of cyber snob currency to be honest
Of course you don't.
Loudly posturing that you understand bitcoin so well and that anyone who disagrees with you simply needs to "get moar IQ" is the hallmark of the aloof.
At least you're on the path to self awareness
Make yourself the subject of that statement and look at your contribution to virtually every other thread
Schooled again "Good lord, stop embarrassing yourself. | |||
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Reply privately (closed, thread got too big) | |||
" ... seems no-one on this site understands what it is You've certainly been very busy consulting all site users on their knowledge
It would have been worthwhile to have posted what your point really was in full, rather than making unsubstantiated claims about others. Especially whilst not evidencing your own expertise or delivering a veiled criticism in a style that could be thought of as inflammatory, passive aggressive."show me where i professed to be an expert. my post said it seems that no-one on the site understands it, the point being that of a casual observation of another thread. i've then gone on to give examples of how we as working musicians have used bitcoin in our cross border business model and how it's helping us to undertake the work we do in a cut-thraot industry. the topic of blockchains is immense and is only in it's infancy. new applications for it are being dreamt up and will continue to be for a long time ... and now you reply with an inflammatory passive aggressive post of your own and so begs the question, what is the point of your post? | |||
Reply privately (closed, thread got too big) | |||
"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? " True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. | |||
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"Yeah no " Well then, by all means, continue embarrassing yourself. | |||
Reply privately (closed, thread got too big) | |||
"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. " now you're getting it | |||
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" ... seems no-one on this site understands what it is You've certainly been very busy consulting all site users on their knowledge
It would have been worthwhile to have posted what your point really was in full, rather than making unsubstantiated claims about others. Especially whilst not evidencing your own expertise or delivering a veiled criticism in a style that could be thought of as inflammatory, passive aggressive.
show me where i professed to be an expert. my post said it seems that no-one on the site understands it, the point being that of a casual observation of another thread. i've then gone on to give examples of how we as working musicians have used bitcoin in our cross border business model and how it's helping us to undertake the work we do in a cut-thraot industry. the topic of blockchains is immense and is only in it's infancy. new applications for it are being dreamt up and will continue to be for a long time ... and now you reply with an inflammatory passive aggressive post of your own and so begs the question, what is the point of your post?"So, in summation: "Nobody understands bitcoin!" "OK then, explain" "Can't. Too mysterious. Also, I never claimed to understand it. But people who don't think it's awesome need to get a brain, the morans!" What an entirely worthless endeavor you've embarked on. Good work. | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it "Of course, there's nothing about the block chain that prevents you from signing something disadvantageous to you, so the idea it stops you being ripped off is laughable nonsense. See, this is what happens when you actually do understand a topic, you recognised it's limits. | |||
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" ... seems no-one on this site understands what it is You've certainly been very busy consulting all site users on their knowledge
It would have been worthwhile to have posted what your point really was in full, rather than making unsubstantiated claims about others. Especially whilst not evidencing your own expertise or delivering a veiled criticism in a style that could be thought of as inflammatory, passive aggressive.
show me where i professed to be an expert. my post said it seems that no-one on the site understands it, the point being that of a casual observation of another thread. i've then gone on to give examples of how we as working musicians have used bitcoin in our cross border business model and how it's helping us to undertake the work we do in a cut-thraot industry. the topic of blockchains is immense and is only in it's infancy. new applications for it are being dreamt up and will continue to be for a long time ... and now you reply with an inflammatory passive aggressive post of your own and so begs the question, what is the point of your post?
So, in summation:
"Nobody understands bitcoin!"
"OK then, explain"
"Can't. Too mysterious. Also, I never claimed to understand it. But people who don't think it's awesome need to get a brain, the morans!"
What an entirely worthless endeavor you've embarked on.
Good work.
"if you have chosen to infer that from this thread because of your dubious agenda then fill your fucking boots | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
Of course, there's nothing about the block chain that prevents you from signing something disadvantageous to you, so the idea it stops you being ripped off is laughable nonsense.
See, this is what happens when you actually do understand a topic, you recognised it's limits."you had it ... but then you lost it ... and seems you deliberately lost it just to bolster your agenda ... nevermind hey | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it "So it's akin to publishing my bank statements as well as all the contracts I sign? | |||
Reply privately (closed, thread got too big) | |||
" ... seems no-one on this site understands what it is You've certainly been very busy consulting all site users on their knowledge
It would have been worthwhile to have posted what your point really was in full, rather than making unsubstantiated claims about others. Especially whilst not evidencing your own expertise or delivering a veiled criticism in a style that could be thought of as inflammatory, passive aggressive.
show me where i professed to be an expert. my post said it seems that no-one on the site understands it, the point being that of a casual observation of another thread. i've then gone on to give examples of how we as working musicians have used bitcoin in our cross border business model and how it's helping us to undertake the work we do in a cut-thraot industry. the topic of blockchains is immense and is only in it's infancy. new applications for it are being dreamt up and will continue to be for a long time ... and now you reply with an inflammatory passive aggressive post of your own and so begs the question, what is the point of your post?
So, in summation:
"Nobody understands bitcoin!"
"OK then, explain"
"Can't. Too mysterious. Also, I never claimed to understand it. But people who don't think it's awesome need to get a brain, the morans!"
What an entirely worthless endeavor you've embarked on.
Good work.
if you have chosen to infer that from this thread because of your dubious agenda then fill your fucking boots
""Dubious agenda" is it? What would that be then? I can't wait to find out. | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
Of course, there's nothing about the block chain that prevents you from signing something disadvantageous to you, so the idea it stops you being ripped off is laughable nonsense.
See, this is what happens when you actually do understand a topic, you recognised it's limits.
you had it ... but then you lost it ... and seems you deliberately lost it just to bolster your agenda ... nevermind hey"See, if I had "lost" it and you actually knew what that was you'd come out and say it. But you didn't. Weird that. | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
Of course, there's nothing about the block chain that prevents you from signing something disadvantageous to you, so the idea it stops you being ripped off is laughable nonsense.
See, this is what happens when you actually do understand a topic, you recognised it's limits.
you had it ... but then you lost it ... and seems you deliberately lost it just to bolster your agenda ... nevermind hey
See, if I had "lost" it and you actually knew what that was you'd come out and say it.
But you didn't. Weird that."you're being very small minded | |||
Reply privately (closed, thread got too big) | |||
"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
So it's akin to publishing my bank statements as well as all the contracts I sign? "no really as far as bank statements go but we use it to verify contracts definately | |||
Reply privately (closed, thread got too big) | |||
"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
Of course, there's nothing about the block chain that prevents you from signing something disadvantageous to you, so the idea it stops you being ripped off is laughable nonsense.
See, this is what happens when you actually do understand a topic, you recognised it's limits.
you had it ... but then you lost it ... and seems you deliberately lost it just to bolster your agenda ... nevermind hey
See, if I had "lost" it and you actually knew what that was you'd come out and say it.
But you didn't. Weird that.
you're being very small minded"This inability to explain ones self.... so, so weird. | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
Of course, there's nothing about the block chain that prevents you from signing something disadvantageous to you, so the idea it stops you being ripped off is laughable nonsense.
See, this is what happens when you actually do understand a topic, you recognised it's limits.
you had it ... but then you lost it ... and seems you deliberately lost it just to bolster your agenda ... nevermind hey
See, if I had "lost" it and you actually knew what that was you'd come out and say it.
But you didn't. Weird that.
you're being very small minded
This inability to explain ones self.... so, so weird.
" | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
So it's akin to publishing my bank statements as well as all the contracts I sign?
no really as far as bank statements go but we use it to verify contracts definately"But I thought the block chain was like a ledger or statement that shows all payments to and from a user, and although that is anonymous, the contract names the people, thus removing the anonymity? My bank statement shows all the payments in and out of my an account, isn't the blockchain the same? | |||
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"So it's akin to publishing my bank statements as well as all the contracts I sign? no really as far as bank statements go but we use it to verify contracts definately" it might help you if you know that unlike others on this and other threads, i haven't traded currency for bitcoin and i am not a speculator hoping the value increases. i have been involved with the recording, publication, distribution and performance of music where i have often been paid in bitcoin. then i use the bitcoin to purchase other similar services from people in the same situation/industry as my self. so we're using it more like a tool than a currency ... does that help make it a bit clearer? other people will obviously be using crypto-currencies in other ways, but this is just how myself and a lot of people i work with are using it. | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
So it's akin to publishing my bank statements as well as all the contracts I sign?
no really as far as bank statements go but we use it to verify contracts definately
But I thought the block chain was like a ledger or statement that shows all payments to and from a user, and although that is anonymous, the contract names the people, thus removing the anonymity? My bank statement shows all the payments in and out of my an account, isn't the blockchain the same? "you're still thinking in terms of money or hard cash ... think of the ledger as pieces of information, data, trust etc. | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
So it's akin to publishing my bank statements as well as all the contracts I sign?
no really as far as bank statements go but we use it to verify contracts definately
But I thought the block chain was like a ledger or statement that shows all payments to and from a user, and although that is anonymous, the contract names the people, thus removing the anonymity? My bank statement shows all the payments in and out of my an account, isn't the blockchain the same?
you're still thinking in terms of money or hard cash ... think of the ledger as pieces of information, data, trust etc."No, I'm thinking of a ledger, that is apparently open for others to see, and that also includes contracts, for others to see. Is that right? | |||
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"I've used it to buy. $4400 in the past and currently doubling my Bitcoin every 6 months minimum. Just hit over 0.5 Bitcoin in less than 3 weeks of pure profit. I'll happily share what I know to date, sources of info and what I'm doing. Just pm me" So what did you do you to make this "pure profit"? What did you add to increase its value? | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
So it's akin to publishing my bank statements as well as all the contracts I sign?
no really as far as bank statements go but we use it to verify contracts definately
But I thought the block chain was like a ledger or statement that shows all payments to and from a user, and although that is anonymous, the contract names the people, thus removing the anonymity? My bank statement shows all the payments in and out of my an account, isn't the blockchain the same?
you're still thinking in terms of money or hard cash ... think of the ledger as pieces of information, data, trust etc.
No, I'm thinking of a ledger, that is apparently open for others to see, and that also includes contracts, for others to see. Is that right? "if it helps you to grasp the idea then it's similar to how you say but not quite .... it's transparent but can be anonymous at the same time ... it doesn't have mrs smith 22 acacia avenue written on it | |||
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"I've used it to buy. $4400 in the past and currently doubling my Bitcoin every 6 months minimum. Just hit over 0.5 Bitcoin in less than 3 weeks of pure profit. I'll happily share what I know to date, sources of info and what I'm doing. Just pm me So what did you do you to make this "pure profit"? What did you add to increase its value? " Compounding using profit to purchase more | |||
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"what did you add to increase its value? " elapsed time | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
So it's akin to publishing my bank statements as well as all the contracts I sign?
no really as far as bank statements go but we use it to verify contracts definately
But I thought the block chain was like a ledger or statement that shows all payments to and from a user, and although that is anonymous, the contract names the people, thus removing the anonymity? My bank statement shows all the payments in and out of my an account, isn't the blockchain the same?
you're still thinking in terms of money or hard cash ... think of the ledger as pieces of information, data, trust etc.
No, I'm thinking of a ledger, that is apparently open for others to see, and that also includes contracts, for others to see. Is that right?
if it helps you to grasp the idea then it's similar to how you say but not quite .... it's transparent but can be anonymous at the same time ... it doesn't have mrs smith 22 acacia avenue written on it "But don't the contracts, that are also embedded and visible, have written on them "Mr Pieces, of 123 Somewhere Street" | |||
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"I've used it to buy. $4400 in the past and currently doubling my Bitcoin every 6 months minimum. Just hit over 0.5 Bitcoin in less than 3 weeks of pure profit. I'll happily share what I know to date, sources of info and what I'm doing. Just pm me So what did you do you to make this "pure profit"? What did you add to increase its value? Compounding using profit to purchase more" So you didn't do anything? Everyone with some bitcoin is just richer than they were 3 weeks ago? How does that work? | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
So it's akin to publishing my bank statements as well as all the contracts I sign?
no really as far as bank statements go but we use it to verify contracts definately
But I thought the block chain was like a ledger or statement that shows all payments to and from a user, and although that is anonymous, the contract names the people, thus removing the anonymity? My bank statement shows all the payments in and out of my an account, isn't the blockchain the same?
you're still thinking in terms of money or hard cash ... think of the ledger as pieces of information, data, trust etc.
No, I'm thinking of a ledger, that is apparently open for others to see, and that also includes contracts, for others to see. Is that right?
if it helps you to grasp the idea then it's similar to how you say but not quite .... it's transparent but can be anonymous at the same time ... it doesn't have mrs smith 22 acacia avenue written on it
But don't the contracts, that are also embedded and visible, have written on them "Mr Pieces, of 123 Somewhere Street""the ones you want to be yes of course .... why would we want to hide music contracts ... their publication generates more work as a kind of advertising .... that's how we use synereo AMP | |||
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"I've used it to buy. $4400 in the past and currently doubling my Bitcoin every 6 months minimum. Just hit over 0.5 Bitcoin in less than 3 weeks of pure profit. I'll happily share what I know to date, sources of info and what I'm doing. Just pm me So what did you do you to make this "pure profit"? What did you add to increase its value? Compounding using profit to purchase more So you didn't do anything? Everyone with some bitcoin is just richer than they were 3 weeks ago? How does that work? " Drop me a message and I'll show you | |||
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"Yeah no Well then, by all means, continue embarrassing yourself." You're wrong | |||
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" See, if I had "lost" it and you actually knew what that was you'd come out and say it. But you didn't. Weird that." Looks like you can't take a spoonful of your own medicine 
You never explain your (empty) points when pressed - still waiting to be educated aged on the difference between hoarding and saving... Just one example.
In this case, multiple posters clearly have way more knowledge of the subject (although I'm proud you did a little Googling and figured out that it's a ledger) and you continue using to embarrass yourself - it's OK to admit to not knowing everything for once. | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
So it's akin to publishing my bank statements as well as all the contracts I sign?
no really as far as bank statements go but we use it to verify contracts definately
But I thought the block chain was like a ledger or statement that shows all payments to and from a user, and although that is anonymous, the contract names the people, thus removing the anonymity? My bank statement shows all the payments in and out of my an account, isn't the blockchain the same?
you're still thinking in terms of money or hard cash ... think of the ledger as pieces of information, data, trust etc.
No, I'm thinking of a ledger, that is apparently open for others to see, and that also includes contracts, for others to see. Is that right?
if it helps you to grasp the idea then it's similar to how you say but not quite .... it's transparent but can be anonymous at the same time ... it doesn't have mrs smith 22 acacia avenue written on it
But don't the contracts, that are also embedded and visible, have written on them "Mr Pieces, of 123 Somewhere Street"
the ones you want to be yes of course .... why would we want to hide music contracts ... their publication generates more work as a kind of advertising .... that's how we use synereo AMP"Well if my boss or mum look at my ledger that shows a payment to f134 and then looks at f134 who has a contract with wd123 for web design work for Fab Swingers, then my mum and boss know I send money to a swingers site. | |||
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" See, if I had "lost" it and you actually knew what that was you'd come out and say it. But you didn't. Weird that. Looks like you can't take a spoonful of your own medicine
You never explain your (empty) points when pressed - still waiting to be educated aged on the difference between hoarding and saving... Just one example.
In this case, multiple posters clearly have way more knowledge of the subject (although I'm proud you did a little Googling and figured out that it's a ledger) and you continue using to embarrass yourself - it's OK to admit to not knowing everything for once. "Stop embarrassing yourself. | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
So it's akin to publishing my bank statements as well as all the contracts I sign?
no really as far as bank statements go but we use it to verify contracts definately
But I thought the block chain was like a ledger or statement that shows all payments to and from a user, and although that is anonymous, the contract names the people, thus removing the anonymity? My bank statement shows all the payments in and out of my an account, isn't the blockchain the same?
you're still thinking in terms of money or hard cash ... think of the ledger as pieces of information, data, trust etc.
No, I'm thinking of a ledger, that is apparently open for others to see, and that also includes contracts, for others to see. Is that right?
if it helps you to grasp the idea then it's similar to how you say but not quite .... it's transparent but can be anonymous at the same time ... it doesn't have mrs smith 22 acacia avenue written on it
But don't the contracts, that are also embedded and visible, have written on them "Mr Pieces, of 123 Somewhere Street"
the ones you want to be yes of course .... why would we want to hide music contracts ... their publication generates more work as a kind of advertising .... that's how we use synereo AMP
Well if my boss or mum look at my ledger that shows a payment to f134 and then looks at f134 who has a contract with wd123 for web design work for Fab Swingers, then my mum and boss know I send money to a swingers site. "Yup. It's a pseudoanonymous system. A complete stranger can work out what is what, but once you have some bits of information you can begin to fill in the blanks quite quickly. | |||
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"Ever hear the old tale about opening your mouth and revealing one's ignorance? "There are women whose company you can purchase for a time if you're this desperate for attention. | |||
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" It's a pseudoanonymous system. " I tend to agree. The encryption is probably OK for now but future computing power may well be able to crack these things. | |||
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"Ever hear the old tale about opening your mouth and revealing one's ignorance?
There are women whose company you can purchase for a time if you're this desperate for attention."I'm not the one rocking up to a sword fight with a penknife. | |||
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"Ever hear the old tale about opening your mouth and revealing one's ignorance?
There are women whose company you can purchase for a time if you're this desperate for attention.
I'm not the one rocking up to a sword fight with a penknife."Try harder if you want my attention in future. | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
So it's akin to publishing my bank statements as well as all the contracts I sign?
no really as far as bank statements go but we use it to verify contracts definately
But I thought the block chain was like a ledger or statement that shows all payments to and from a user, and although that is anonymous, the contract names the people, thus removing the anonymity? My bank statement shows all the payments in and out of my an account, isn't the blockchain the same?
you're still thinking in terms of money or hard cash ... think of the ledger as pieces of information, data, trust etc.
No, I'm thinking of a ledger, that is apparently open for others to see, and that also includes contracts, for others to see. Is that right?
if it helps you to grasp the idea then it's similar to how you say but not quite .... it's transparent but can be anonymous at the same time ... it doesn't have mrs smith 22 acacia avenue written on it
But don't the contracts, that are also embedded and visible, have written on them "Mr Pieces, of 123 Somewhere Street"
the ones you want to be yes of course .... why would we want to hide music contracts ... their publication generates more work as a kind of advertising .... that's how we use synereo AMP
Well if my boss or mum look at my ledger that shows a payment to f134 and then looks at f134 who has a contract with wd123 for web design work for Fab Swingers, then my mum and boss know I send money to a swingers site.
Yup.
It's a pseudoanonymous system. A complete stranger can work out what is what, but once you have some bits of information you can begin to fill in the blanks quite quickly."So I don't think many people would like that kind of data to be in the public domain. Can you imagine what the press would do with that kind of access to people's finances? Or politicians? Imagine that David Davis has reached a deadlock with Barnier, maybe he has a look to see if Barnier has gone to any strip clubs, paid for any porn site, visited swingers clubs, purchased nazi memorabilia etc. It doesn't even have to be anything illegal or immoral, but if you were a teacher would you want your Year 9 class to know how much you spent at Ann Summers at the weekend, or in Weatherspoons? Would you like all your work colleagues to know you pay a monthly subscription for a dating site? Imagine you signed up for health insurance or life insurance, would you like them to check if you have paid for any prescriptions? Anyone ever had an overbearing boss? Would you like them looking through your finances? | |||
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"Well i guess no one knows if the Coop take them....what about Asda or Tesco then ?" Well if they did, imagine you applied for a job there, they might check to see if you shop with them or not. As a business, does it make more sense to hire someone who is going to give a significant chunk of that salary back to you, or to one of your competitors? | |||
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"See "we" pumped 20 trillion of "printed" currency into the global money supply, that's inflation, we've inflated the amount of money.... More money... Less value. Now there's something called the velocity of money, that's a term used about how quickly money changes hands, now the velocity index has been at record lows while they've been pumping money into the supply stream... That won't incur a inflationary aspect because it's not going anywhere. But sooner or later, it does and we including everybody else who's pumped up their money supply will get inflation, that's just factual, nothing anybody can do including Mark Carney can alter that (apart from putting interest rates up very very high, which will have the effect of slowing up velocity even further). Now why am I bitcoin fanboy?. It's completely septate from state sponsored intervention on manipulation, meaning it finds its own level not one that suits the top 5%. It's a worldwide level playing field, there's no manipulated currency exchange. There's no forced debt (anybody that's ever read anything about why the third world remains third world constantly knows it's about debt manipulation). I'm not asking anybody to buy bitcoins or throw there savings into it, I've got no interest in saving you or corrupting you, I really don't care. It's just my own personal belief in bitcoin to solve a problem of state issued currency that's caused misery for most people for decades. " Money, like anything else, is subject to supply and demand. The more money in the system the less valuable that money becomes and the less you can buy with it. The reverse is also true, which is why we used to hear so much talk about reducing M3 money supply in the 80's to try and reduce inflation. The inflation is in the money supply, which causes the price of goods to rise as the value of the money decreases. | |||
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" ... seems no-one on this site understands what it is" Your wrong, I'm not going to explain why you're wrong but you are  | |||
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"The actual word should give you a clue it's not called inflation for nothing?. What are you inflating?" Inflation is an increase of the money supply that causes a rise in prices because the value of the currency falls in value. It's a cause and effect definition but some people use inflation to mean an increas in the money supply (the cause ) and others mean the rise in prices (the effect). | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
So it's akin to publishing my bank statements as well as all the contracts I sign?
no really as far as bank statements go but we use it to verify contracts definately
But I thought the block chain was like a ledger or statement that shows all payments to and from a user, and although that is anonymous, the contract names the people, thus removing the anonymity? My bank statement shows all the payments in and out of my an account, isn't the blockchain the same?
you're still thinking in terms of money or hard cash ... think of the ledger as pieces of information, data, trust etc.
No, I'm thinking of a ledger, that is apparently open for others to see, and that also includes contracts, for others to see. Is that right?
if it helps you to grasp the idea then it's similar to how you say but not quite .... it's transparent but can be anonymous at the same time ... it doesn't have mrs smith 22 acacia avenue written on it
But don't the contracts, that are also embedded and visible, have written on them "Mr Pieces, of 123 Somewhere Street"
the ones you want to be yes of course .... why would we want to hide music contracts ... their publication generates more work as a kind of advertising .... that's how we use synereo AMP
Well if my boss or mum look at my ledger that shows a payment to f134 and then looks at f134 who has a contract with wd123 for web design work for Fab Swingers, then my mum and boss know I send money to a swingers site.
Yup.
It's a pseudoanonymous system. A complete stranger can work out what is what, but once you have some bits of information you can begin to fill in the blanks quite quickly.
So I don't think many people would like that kind of data to be in the public domain. Can you imagine what the press would do with that kind of access to people's finances? Or politicians? Imagine that David Davis has reached a deadlock with Barnier, maybe he has a look to see if Barnier has gone to any strip clubs, paid for any porn site, visited swingers clubs, purchased nazi memorabilia etc.
It doesn't even have to be anything illegal or immoral, but if you were a teacher would you want your Year 9 class to know how much you spent at Ann Summers at the weekend, or in Weatherspoons?
Would you like all your work colleagues to know you pay a monthly subscription for a dating site?
Imagine you signed up for health insurance or life insurance, would you like them to check if you have paid for any prescriptions?
Anyone ever had an overbearing boss? Would you like them looking through your finances? "Bitcoin enthusiasts would tell you to create a different wallet for every transaction if you want total anonymity. I can't imagine why this isn't taking off.... | |||
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"If you can't explain it, you don't understand it. nice try ... back under the bridge with you "Oohhh The block chain is so complex and mysterious!" What a load of bullshit. All it is is an ledger of transactions between parties on a network. Everyone on the network can read the ledger and instead of one central authority validating the transactions, everyone on the network does it instead. And there's no undoing a transaction, once it is approved, nobody can edit it. It's not magic, it's not hard to explain, and it's no guard against being "ripped off" either. So forever and ever people will be able to see my purchase from Fat-Fist-Dildos? Well, they'll see the transaction, but it'll be in the form of "User12345 sent User54321 3 buttcoins" What User12345 got for said coins, why they sent them, that's between the two of them, and it's not recorded. Who User12345 is in real life is supposed to be a secret, but there's nothing stopping you telling people that you are User12345, if you'd like. But for it to work as a form of proof of creative licence, wouldn't it have to be revealed that user123 is Beyonce and user456 is mark ronson? True. But remember the block chain is nothing more than a ledger. In that case instead of the transfer of bitcoins it would show that a contract was signed by certain people. It will probably also have the contract, or a hash of the contract embedded within the record, to prevent the contract being tampered with. now you're getting it
So it's akin to publishing my bank statements as well as all the contracts I sign?
no really as far as bank statements go but we use it to verify contracts definately
But I thought the block chain was like a ledger or statement that shows all payments to and from a user, and although that is anonymous, the contract names the people, thus removing the anonymity? My bank statement shows all the payments in and out of my an account, isn't the blockchain the same?
you're still thinking in terms of money or hard cash ... think of the ledger as pieces of information, data, trust etc.
No, I'm thinking of a ledger, that is apparently open for others to see, and that also includes contracts, for others to see. Is that right?
if it helps you to grasp the idea then it's similar to how you say but not quite .... it's transparent but can be anonymous at the same time ... it doesn't have mrs smith 22 acacia avenue written on it
But don't the contracts, that are also embedded and visible, have written on them "Mr Pieces, of 123 Somewhere Street"
the ones you want to be yes of course .... why would we want to hide music contracts ... their publication generates more work as a kind of advertising .... that's how we use synereo AMP
Well if my boss or mum look at my ledger that shows a payment to f134 and then looks at f134 who has a contract with wd123 for web design work for Fab Swingers, then my mum and boss know I send money to a swingers site.
Yup.
It's a pseudoanonymous system. A complete stranger can work out what is what, but once you have some bits of information you can begin to fill in the blanks quite quickly.
So I don't think many people would like that kind of data to be in the public domain. Can you imagine what the press would do with that kind of access to people's finances? Or politicians? Imagine that David Davis has reached a deadlock with Barnier, maybe he has a look to see if Barnier has gone to any strip clubs, paid for any porn site, visited swingers clubs, purchased nazi memorabilia etc.
It doesn't even have to be anything illegal or immoral, but if you were a teacher would you want your Year 9 class to know how much you spent at Ann Summers at the weekend, or in Weatherspoons?
Would you like all your work colleagues to know you pay a monthly subscription for a dating site?
Imagine you signed up for health insurance or life insurance, would you like them to check if you have paid for any prescriptions?
Anyone ever had an overbearing boss? Would you like them looking through your finances?
Bitcoin enthusiasts would tell you to create a different wallet for every transaction if you want total anonymity.
I can't imagine why this isn't taking off...."I literally LOLed! Having said that, how hard can it be to set up a wallet? | |||
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"So be honest here, who would be happy to send me all their bank statements and all their contracts; employment, mobile, broadband, insurance, car finance, mortgage, tenancy agreement etc. That would give me your home address, phone number, car reg etc. That seems like a gold mine for any potential stalker or identity thief. I'm guessing none of you would send me this, so why would you want the whole world to see it? " This is a fair point. And it is something that bitcoin enthusiasts gloss over. | |||
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"I don't really understand what bitcoin and crypto currencies are or how they work. There again I don't really know how my TV works either but I do know how to switch it on, turn the channels over and the volume up and down, and that's all I actually need to know to work my TV just fine. Now, if someone can tell me how to use bitcoin, rather than talking about "blockchains", "ledgers" and "encrypted keys" I'll know all I need to know about bitcoin and cryptocurrencies; I think." This. How do you buy them? I know it’s bank to whatever platform you use but what’s the platform to actually buy? | |||
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"That's speaking as if current banking methods and transactions are anonymous. Equifax and Ashley Madison for examples of large scale, highly publicised data breaches. I imagine bitcoin to currently be much more anonymous as its used for drug and arms deals. " I would posit that the drug dealers and arms dealers are not using bitcoin as their sole currency. Those who are suggesting that fiat currency is fatally flawed are suggesting using crypto currency for everything. Can you see the difference between a system designed to be transparent and open, and the occassional data breach which is limited to the customers/users of the specific organisation? | |||
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"I've got a bunch of documentaries and tedx talks saved on YouTube if anyone wants?" I think the point of the thread was to examine how well people of this site understood bitcoin, rather than how well TED fellows understood them. | |||
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"I've got a bunch of documentaries and tedx talks saved on YouTube if anyone wants? I think the point of the thread was to examine how well people of this site understood bitcoin, rather than how well TED fellows understood them." The guys is offering to share his information.... | |||
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"Technically, offering to share someone else's information. Perhaps the adage about not under something you can't explain it needs an update to encompass the act of linking to YouTube videos in lieu of demonstrating your understanding. " Get a grip dude. Obviously it's a complicated topic (700 different variants all with their own subtleties) and you want the man to explain it all and dumb it down for you. | |||
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"Technically, offering to share someone else's information. " While you are being a pedant (while claiming to know the meaning of every word you use)... Let's be "technical" A list of links to other information is still information | |||
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"Technically, offering to share someone else's information. While you are being a pedant (while claiming to know the meaning of every word you use)... Let's be "technical" A list of links to other information is still information " Yes, but a link to someone else's YouTube video, shows that person's understanding, when the OP is very clearly about the understanding of people on this forum. The people who have claimed to understand it, haven't been that great at answering the questions put to them, with the exception of one or two posters. | |||
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"Technically, offering to share someone else's information. Perhaps the adage about not under something you can't explain it needs an update to encompass the act of linking to YouTube videos in lieu of demonstrating your understanding. Get a grip dude. Obviously it's a complicated topic (700 different variants all with their own subtleties) and you want the man to explain it all and dumb it down for you. " Dumping links to YouTube or whatever is an anathema to an discourse, because you've now introduced a third party who isn't present to engage with questions people might have. | |||
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"Technically, offering to share someone else's information. While you are being a pedant (while claiming to know the meaning of every word you use)... Let's be "technical" A list of links to other information is still information " And a woeful way to demonstrate your understanding of a topic, because it does no such thing. Which is the matter at hand, isn't it. | |||
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"... the OP is very clearly about the understanding of people on this forum.... " ... the OP was very clear in using the word "seems" when it comes to the understanding of people on this forum | |||
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"... the OP is very clearly about the understanding of people on this forum.... ... the OP was very clear in using the word "seems" when it comes to the understanding of people on this forum" Please correct me if I'm wrong, but I thought the whole thread was about the knowledge of "people on this forum". The OP wasn't 'who knows a YouTube video about bitcoin' | |||
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"... the OP is very clearly about the understanding of people on this forum.... ... the OP was very clear in using the word "seems" when it comes to the understanding of people on this forum Please correct me if I'm wrong, but I thought the whole thread was about the knowledge of "people on this forum". The OP wasn't 'who knows a YouTube video about bitcoin'" nope ... you are wrongly attempting to imply that my opening post said "it is definite that no-one on this site knows what it is" ... when in reality my opening post said " ... seems no-one on this site understands what it is" ... i am correcting your erroneous implication | |||
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"if you raised your IQ instead, you might get the point of bitcoin "How can someone raise their IQ and if they did how would it make them have a better understanding of bitcoin? I have no idea how bit coin works btw | |||
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" And a woeful way to demonstrate your understanding of a topic, because it does no such thing. Which is the matter at hand, isn't it." To all reading (but you) it's obvious that he knows more about the topic. Theres no need to demonstrate anything and I think he recognises the futility of arguing with an angry unqualified objector. Those who can do, those who can't bitch | |||
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"if you raised your IQ instead, you might get the point of bitcoin
Why is it that people who are utterly convinced about bitcoin can never explain why that is?
they don't need to ... the system works better when the mainstream aren't capable of understanding it .... if it becomes mainstream then the point of it will become pointless
"I was into pyramid schemes before they were cool"
i don't really care that you are too small minded to understand that it isn't some kind of cyber snob currency to be honest
Of course you don't.
Loudly posturing that you understand bitcoin so well and that anyone who disagrees with you simply needs to "get moar IQ" is the hallmark of the aloof. "leave the guy alone, he is really cool and edgy, SO not mainstream like the sheeples. he even makes music for a living, im not sure if he mentioned that. | |||
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"Is it like tulips?" There's a fair possibility of that | |||
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"Is it like tulips?" Some say there are direct parallels with the tulip mania of the past  | |||
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"Is it like tulips? Some say there are direct parallels with the tulip mania of the past "Ah yes, the 17th Century Dutch Tulip Bulb bubble. | |||
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"It seems that people are forgetting the point of a forum.. Discussion and sharing of ideas. The title is bitcoin - threads twist and turn while keeping loosely to the subject all time - get over it and stop embarrassing yourselves with bitching about the parameters of the discussion and that someone is sharing their knowledge. It's pedantry of the highest order and shows your childishness. You've failed to win all your arguments in both threads on the topic through sheer ignorance and then continued the self humiliation to this last petty resort - simply because you don't like it as an investment. Get a life! " That is a unique interpretation of events, I'll give you that. | |||
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"Bitcoin in a nutshell is a way of recieving money for goods that taxes arn't payed for and are virtually untraceable. All thats recorded is user xxxx payed xxx x amount of bitcoins. Which is great for people who deal in all sorts of ilegals as very difficult to prove a transaction." You have a responsibility to pay your taxes no matter what currency you use. Hardly untraceable if people are attaching contracts to the ledge that have their names and probably more info attached to. For example a mobile phone contract will include a mobile phone number. A tenancy agreement will have an address. Car insurance will have details of your car etc. It might be relatively anonymous for individual to individual transactions, but if you were to use it as your sole currency, people would easily decrypt it. For example how many transactions per day are completed with Tesco? Wouldn't it be pretty easy to soon figure out user jgl164850 was Tesco? | |||
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"Is it like tulips?" . Without doubt, the cost of production is about £25 a coin and current value of £4500 shows "cost wise" it's a bubble. Production simply isn't keeping pace with demand. That said, what isn't a bubble these days... Sterlings a bubble, the euro, houses, stock markets, Apple, the list of the bubble market is endless. As a means to an end of getting crypto currency out there, a high price is certainly helping | |||
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"There is a concept in computer science called abstraction. Basically it means that you do not need to understand everything at a lower or hierarchy level of abstraction to understand the level of abstraction your working on. For example people post a thread on this forum but that doesn't mean they need to know how http, sql, tcpip, dns or all the other protocols they use works. In the same way higher level programming languages use abstraction so that you do not need to know how the computer is allocating veriables to the memory of the computer. And chip designers do not need to know quantum physics to design logic gates. Obviously the more you do know about each level of abstraction the better you will be at solving problems using computers. There's an excellent video series by crash courses about computer science on youtube. " | |||
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"Abstraction as a software concept is fine and all, but it doesn't really map well to discourse. Especially when the topic is "hey. How much do people know about this particular example of nerds being stupidly overconfident outside their sphere"" I think you need to seek anger management. The topic is bitcoin. What exactly is your problem here? It's funny that you are the overconfident one outside your sphere in this case. Let people experiment at their own risk (the rewards warrant a go it must be said) and mind your own business. | |||
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"Abstraction as a software concept is fine and all, but it doesn't really map well to discourse. Especially when the topic is "hey. How much do people know about this particular example of nerds being stupidly overconfident outside their sphere" I think you need to seek anger management. The topic is bitcoin. What exactly is your problem here? " The topic is a bit more explicit than that. So while abstraction is all well and good, it does run counter to a topic whose opening was to comment on the perceived lack of understanding on the topic of magic internet 'money'. Depth of knowledge is the matter at hand. As for the rest of your advice, I shall take it under advisement. | |||
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"There is a concept in computer science called abstraction. Basically it means that you do not need to understand everything at a lower or hierarchy level of abstraction to understand the level of abstraction your working on. For example people post a thread on this forum but that doesn't mean they need to know how http, sql, tcpip, dns or all the other protocols they use works. In the same way higher level programming languages use abstraction so that you do not need to know how the computer is allocating veriables to the memory of the computer. And chip designers do not need to know quantum physics to design logic gates. Obviously the more you do know about each level of abstraction the better you will be at solving problems using computers. There's an excellent video series by crash courses about computer science on youtube. "This has nothing to do with bitcoin | |||
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"There is a concept in computer science called abstraction. Basically it means that you do not need to understand everything at a lower or hierarchy level of abstraction to understand the level of abstraction your working on. For example people post a thread on this forum but that doesn't mean they need to know how http, sql, tcpip, dns or all the other protocols they use works. In the same way higher level programming languages use abstraction so that you do not need to know how the computer is allocating veriables to the memory of the computer. And chip designers do not need to know quantum physics to design logic gates. Obviously the more you do know about each level of abstraction the better you will be at solving problems using computers. There's an excellent video series by crash courses about computer science on youtube.
This has nothing to do with bitcoin "Bitcoin is an open source computer algorithm. All most ever line of the original algorithm has been rewritten by computer programmers that knew more about computer programming than the person who invented bitcoin. The reason they and he could write the program was because computer programers before him wrote functions that he did not have to know to be able to use in his code. Bitcoin combined hashing, public/private key encryption, per to per technology, Mercedes trees. Saying abstract has nothing to do with bitcoin is like saying biology has nothing to do with chemistry and chemistry has nothing to do with physics. | |||
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"There is a concept in computer science called abstraction. Basically it means that you do not need to understand everything at a lower or hierarchy level of abstraction to understand the level of abstraction your working on. For example people post a thread on this forum but that doesn't mean they need to know how http, sql, tcpip, dns or all the other protocols they use works. In the same way higher level programming languages use abstraction so that you do not need to know how the computer is allocating veriables to the memory of the computer. And chip designers do not need to know quantum physics to design logic gates. Obviously the more you do know about each level of abstraction the better you will be at solving problems using computers. There's an excellent video series by crash courses about computer science on youtube.
This has nothing to do with bitcoin
Bitcoin is an open source computer algorithm.
All most ever line of the original algorithm has been rewritten by computer programmers that knew more about computer programming than the person who invented bitcoin.
The reason they and he could write the program was because computer programers before him wrote functions that he did not have to know to be able to use in his code.
Bitcoin combined hashing, public/private key encryption, per to per technology, Mercedes trees.
Saying abstract has nothing to do with bitcoin is like saying biology has nothing to do with chemistry and chemistry has nothing to do with physics.
"Satoshi Nakamoto the creator of Bitcoin became a billionaire and nobody knows who is or even if its an individual or group.Dont you think thats very steange. | |||
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"There is a concept in computer science called abstraction. Basically it means that you do not need to understand everything at a lower or hierarchy level of abstraction to understand the level of abstraction your working on. For example people post a thread on this forum but that doesn't mean they need to know how http, sql, tcpip, dns or all the other protocols they use works. In the same way higher level programming languages use abstraction so that you do not need to know how the computer is allocating veriables to the memory of the computer. And chip designers do not need to know quantum physics to design logic gates. Obviously the more you do know about each level of abstraction the better you will be at solving problems using computers. There's an excellent video series by crash courses about computer science on youtube.
This has nothing to do with bitcoin
Bitcoin is an open source computer algorithm.
All most ever line of the original algorithm has been rewritten by computer programmers that knew more about computer programming than the person who invented bitcoin.
The reason they and he could write the program was because computer programers before him wrote functions that he did not have to know to be able to use in his code.
Bitcoin combined hashing, public/private key encryption, per to per technology, Mercedes trees.
Saying abstract has nothing to do with bitcoin is like saying biology has nothing to do with chemistry and chemistry has nothing to do with physics.
Satoshi Nakamoto the creator of Bitcoin became a billionaire and nobody knows who is or even if its an individual or group.Dont you think thats very steange."People who win the lottery want to remain anonymous for the same reason I would guess. | |||
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"Hello all, in less than 10 wks I've been able to replace my full time income thanks to Bitcoin and the mining strategy I use. I didn't have a clue about any of this until I got started!" Is this one of those "send me a £1000 and I'll show you how I became a millionaire" sort of thing? | |||
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"Hello all, in less than 10 wks I've been able to replace my full time income thanks to Bitcoin and the mining strategy I use. I didn't have a clue about any of this until I got started! Is this one of those "send me a £1000 and I'll show you how I became a millionaire" sort of thing?" I've created a new currency called CLCCoins, send me £10,000 and I'll give you one, and throw in an extra 1 for free. 100% legit, 100% guaranteed to double your investment in 1 year, or your money back! | |||
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"Hello all, in less than 10 wks I've been able to replace my full time income thanks to Bitcoin and the mining strategy I use. I didn't have a clue about any of this until I got started! Is this one of those "send me a £1000 and I'll show you how I became a millionaire" sort of thing?" It does read a bit like that. Especially because in fact you’d make very little money mining bitcoin right now unless you have a massive operation and dirt cheap power. Ie are in China. Virtually all the ‘value’ in bitcoin has been in speculation. It had very little utility and had not managed to fulfil the original intentions of its creator. It is slow, expensive to transact, and pretty much controlled by a group of 4-5 big Chinese mining companies. This is why so many other digital currencies are coming about. Most of them are technically superior, but ‘bitcoin’ is still the household name. -Matt | |||
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"it said on the news that a year ago a bitcoin was worth 700 quid today its worth 14 grand " And what physical commodity has increased what, 200 times? None. It's a bubble. Which benefits those which get in an out at the right times, but when a bubble bursts, a lot of people lose their money. | |||
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"it said on the news that a year ago a bitcoin was worth 700 quid today its worth 14 grand " Yes, it has risen astronomically in value over the past year, especially in the past month. But it is still extremely volatile. It has gone from $17,000 to $13,000 to $17,000 in the space of 4 days. Of course, if you bought in early when it was worth hundreds, or at the beginning when it was pennies you probably don't care. -Matt | |||
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"it said on the news that a year ago a bitcoin was worth 700 quid today its worth 14 grand And what physical commodity has increased what, 200 times? None. It's a bubble. Which benefits those which get in an out at the right times, but when a bubble bursts, a lot of people lose their money." Two days ago the CBOE (Chicago Board Options Exchange) just started to list a futures option for Bitcoin, meaning for the first time people can bet on the price going down. The CME (Chicago Mercantile Exchange) will start offering similar next week. This now exposes big corporate funds to bitcoin. One of the interesting things is they are cash-settled funds, so they never actually touch bitcoin itself. So they get to bet on it without having to deal with the current problems bitcoin has with scalability, transaction costs and times. So these two futures markets now might start putting downward pressure on the price of Bitcoin. -Matt | |||
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"it said on the news that a year ago a bitcoin was worth 700 quid today its worth 14 grand " And good luck liquidating that. | |||
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These things are possible. | |||
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" And good luck liquidating that." When the price goes down, what causes it? .. Selling perhaps?
Hmmmm | |||
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" And good luck liquidating that. When the price goes down, what causes it? .. Selling perhaps?
Hmmmm"Given bitcoin is worth exactly nothing except what people think it's worth, you'd be wrong. | |||
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" And good luck liquidating that. When the price goes down, what causes it? .. Selling perhaps?
Hmmmm
Given bitcoin is worth exactly nothing except what people think it's worth, you'd be wrong."Your ignorance is startling at times. | |||
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" And good luck liquidating that. When the price goes down, what causes it? .. Selling perhaps?
Hmmmm
Given bitcoin is worth exactly nothing except what people think it's worth, you'd be wrong.
Your ignorance is startling at times. "By all means, explain away. | |||
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" And good luck liquidating that. When the price goes down, what causes it? .. Selling perhaps?
Hmmmm
Given bitcoin is worth exactly nothing except what people think it's worth, you'd be wrong."But everything is only worth the value that people put on them. Diamonds are neither particularly rare or even that useful, but the perception of them has driven its value artificially high for decades. | |||
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" And good luck liquidating that. When the price goes down, what causes it? .. Selling perhaps?
Hmmmm
Given bitcoin is worth exactly nothing except what people think it's worth, you'd be wrong.
But everything is only worth the value that people put on them. Diamonds are neither particularly rare or even that useful, but the perception of them has driven its value artificially high for decades."BINGO! The only commodities of real intrinsic value are foodstuffs (and drink). Everything else is given an arbitrary "value" by somebody somewhere. I'm still waiting for someone to tell me why gold is so "precious"... At least if I give a bunch of tulips to my mother she'll feel happy. For a while. | |||
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" And good luck liquidating that. When the price goes down, what causes it? .. Selling perhaps?
Hmmmm
Given bitcoin is worth exactly nothing except what people think it's worth, you'd be wrong.
But everything is only worth the value that people put on them. Diamonds are neither particularly rare or even that useful, but the perception of them has driven its value artificially high for decades.
BINGO!
The only commodities of real intrinsic value are foodstuffs (and drink). Everything else is given an arbitrary "value" by somebody somewhere.
I'm still waiting for someone to tell me why gold is so "precious"...
At least if I give a bunch of tulips to my mother she'll feel happy. For a while. "Ironically foodstuffs are the least valued! The products from my farm are currently trading at similar values to the 1980's despite there having been 35 years of inflation... Food is too cheap and thus allows fools to spend their earnings purchasing an asset which is nothing more than some 1s and 0s stored on a harddrive | |||
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" And good luck liquidating that. When the price goes down, what causes it? .. Selling perhaps?
Hmmmm
Given bitcoin is worth exactly nothing except what people think it's worth, you'd be wrong.
But everything is only worth the value that people put on them. Diamonds are neither particularly rare or even that useful, but the perception of them has driven its value artificially high for decades."Not really comparable - the point was that bitcoin has no actual value or worth, unlike diamonds. If enough people decided that bitcoin was worthless trash tomorrow the value of it would drop without anyone having to sell anything - which goes back to the original point. Bitcoin isn't easy to liquidate, and fluctuations in it's value doesn't change that. | |||
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" And good luck liquidating that. When the price goes down, what causes it? .. Selling perhaps?
Hmmmm
Given bitcoin is worth exactly nothing except what people think it's worth, you'd be wrong.
But everything is only worth the value that people put on them. Diamonds are neither particularly rare or even that useful, but the perception of them has driven its value artificially high for decades.
Not really comparable - the point was that bitcoin has no actual value or worth, unlike diamonds.
If enough people decided that bitcoin was worthless trash tomorrow the value of it would drop without anyone having to sell anything - which goes back to the original point.
Bitcoin isn't easy to liquidate, and fluctuations in it's value doesn't change that."But thats the case with anything, particularly currency. If people lose faith in the pound then the value drops, if enough people lose faith then it plummets. If people decide stocks in a company arent worth anything they could end up worthless. If people decide not to use diamonds in jewellery any more the world would have such an excess of diamonds that they would no longer be worth mining. And the bitcoins arent that hard to liquidate either. Not that Ive done it, I keep thinking the price is gonna peak but it doesnt  | |||
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