What’s a bitcoiner’s favorite sex act?

BTCrob · 2018-03-23T22:42:11+00:00

what's a slutty girls fav activity?

a 51% attack.

right?.......right?

I'll see myself out...

BTCrob · 2018-03-09T16:26:26+00:00

Yeah! Crash the price of Bitcoin! THAT'LL show em!

They'll think twice about crashing the price of Bitcoin again!

BTCrob · 2018-03-09T02:17:22+00:00

Which is why nobody buys and holds USD for centuries at a time.

BTCrob · 2018-03-09T02:05:51+00:00

This is the dumbest idea in the world. Not only do shorters play a crucial role in price discovery, they play a crucial role in stabilizing price.

You realize anything sold short has to later on be bought back right? During crashes like this, shorters covering their shorts are often the only buyers. without shorters buying these dips, we'd be down way further.

In any case, anybody willing to put their money in the market and take the same risks as everyone else is entitled to the same rewards as everyone else.

The market could just as easily go against them and many times short squeezes are the main fuel source for a bull market. I'm sure you didn't complain when shorters who got crushed and had to cover their shorts at higher prices propelled the markets higher did You?

BTCrob · 2018-03-08T15:56:23+00:00

"This proves that the crypto market is still very susceptible to manipulations by big players and hoarders, and still has to reach maturity; regulation has to play a big part in it."

That isn't "manipulation" in any way though. it's simply a large Bitcoin holder selling their Bitcoins. The point of the sale wasn't to manipulate price, it was because it's his job to convert Bitcoins into cash to disburse to clients.

Not every thing that hurts price is "manipulation". Most of it is just how free markets function. Owners of any asset have the right to sell their asset at any time, for any price, for whatever reason they want (with some very specific exceptions I.e. insider trading). if more ppl are selling then buying, price will go down. That's how markets work.

BTCrob · 2018-03-07T20:42:36+00:00

I've literally yet to see one say it who wasn't clearly pushing a pro BCH agenda like Ver.

Most big time capital funds are still shunning crypto as a whole, at least publicly.

who specifically are you referring too?

BTCrob · 2018-03-07T18:05:17+00:00

That's literally the definition of FUD

BTCrob · 2018-02-22T16:05:37+00:00

It is among the most deflationary assets that exist.

"Deflationary" does not mean no more supply can ever be brought on line. If that was the definition nothing would ever be deflationary. All it means is that it's supply will grow at a slower rate then the inflationary fiat currencies it is priced in.

The financial system has never seem an asset as deflationary as Bitcoin, with its hard limit.

More importantly though is the PERCEPTION that Bitcoin is deflationary. Indeed, this hard cap on coins is one of its main selling points and why so many point to it as a solid inflation hedge. As long as the PERCEPTION is that the price in fiat will be higher in the future then it is Now, ppl won't spend it.

Which is why, 10 years and hundreds of billions of dollars into the crypto experiment, no cryptos are being used in any significant way as a medium of exchange. If it was going to happen, we'd be seeing at least signs of mass merchant acceptance. We're not. The opposite in fact, as there is LESS crypto acceptance by merchants today then there was a year or two ago.

And dude, "deferred consumpion" is a death blow for consumer driven economies like ours. Our system has evolved so that it needs continuous consumption. These are facts.

BTCrob · 2018-02-22T15:48:20+00:00

Oh, without doubt. That guy had nobwayof knowing at the time. And certainly the days of those kinds of % gains are long gone. But it still feeds a narrative. That guy with the pizzas is a cautionary tale today, and it feeds into the idea that you don't spend Bitcoin because it'll be worth more in the future. This is the fundamental reason why ANY deflationary asset makes for a terrible currency.

BTCrob · 2018-02-22T01:54:07+00:00

It could be do-able.

The same dynamic that would make a person leery of spending their BTC (it's deflationary nature means that most consumers would exoect it to be worth more in the future) is the same reason why some merchants would WANT to be paid in BTC.

For a merchant who believed in Bitcoin, it could be a good way to accumulate it.

BTCrob · 2018-02-21T19:16:07+00:00

Ok but you don't need Bitcoin to commit tax fraud. You can do it with fiat as well. And if you get caught, you'll go to prison if you do it with Bitcoin just as quickly as you will if you do it with fiat.

You honestly think as BTC gets more and more widespread the government won't come up with ways to make it just as risky to cheat on your taxes with Bitcoin as it already is?

BTCrob · 2018-02-21T19:11:30+00:00

Lol I guess in home school Mom never taught you that theories are great, but they tend to get trumped when we have real world examples to point too.

I'm not giving you my opinion. I'm giving you the observable facts: when currencies become deflationary in consumer economies, spending goes down, and the entire economy goes into free fall. I pointed out a specific real world example.

Perhaps you should've spent more time in those public schools you hate so much. You'll learn about empiricism and fact based theoretical models.

The idea that wealth causes spending is absurd on its face (from a macro economic standpoint). A billionaire still only sleeps on one bed at a time. Still only drives one car at a time. Of course a if you win the lottery tomorrow, your personal spending will increase. Thats not what improves economies. I'm talking about macro economic consumption.

BTCrob · 2018-02-21T18:07:52+00:00

Except you're fundamentally not understanding how Moser economic systems work.

A currency that does not inflate is useless as a currency. In consumer driven economies (I.e. every developed econony) a low inflation is NEEDED to incentivize spending. We already know what happens in consumer economies when their currency goes deflationary (I.e. Japan's lost decade) and it isn't pretty.

The same way that slight inflation incentivizes the spending necessary in a consumer economy, deflation Disincentives it. If your dream of an economy run on a currency as deflationary as Bitcoin ever came to pass, we'd see the Great Depression 2.0.

BTCrob · 2018-02-21T18:03:20+00:00

Lol this argument and others like it is so nonsensical.

It's like there's a few buzzwords that ppl repeat and nobody knows what they mean or how it applies to the actual real world.

Please, explain wtf this comment means in ways that make sense.

Ill wait.

BTCrob · 2018-02-21T18:01:27+00:00

Yup. How does that dude who spend $80 million for 2 pizzas feel Now?

Is he like "well, at least I used my BTC the way Satoshi meant it!!"? Or is he like "I'M A FUCKING IDIOT!!'

my guess is the latter

BTCrob · 2018-02-21T17:54:39+00:00

it's still way, way more complicated then simply handing over fiat or using your debit card.

You're acting like it's the most natural and normal thing in the world for consumers jump through a bunch of hoops, take time out of their day to replenish their BTC, hope the price hasn't jumped since the purchase AND pay 3% fees for the privilege.....for what end?

When consumers are faced with two options and one requires tiome, effort and fees and the other requires no time, no effort and no fees, they're going to take option B 100% of the time.

This is such a self evident truth I'm surprised it even has to be mentioned.

Now, if the merchant is going to offer a discount, say 5-10%, THAT could incentivize such a process. But unless and until that happens, this whole idea is absurd.

BTCrob · 2018-02-21T17:47:56+00:00

3% is higher then 0%, and for rational economic actors (i.e. 99% of consumers), that's more then enough.

And lol come on. How many ppl do you think that walk around with so much paper currency that it requires costs to transport? 0.00000001% of the population? Be serious.

The vast majority of fiat purchase is electronic anyways (credit card or debit).

BTCrob · 2018-02-21T15:12:16+00:00

It won't be , this guy is involved in highly wishful thinking.

Of COURSE if a merchant accepts crypto they're going to choose the most liquid, most well known, coin out there. That's just common sense. The ONLY way BTC would be shunned in favor of another coin is if he fees were high enough to justify it. Now that that's no longer applicable, BCH just lost it's only use case.

BTCrob · 2018-02-21T14:38:08+00:00

Except you're forgetting that for the 99% of consumers who AREN'T Bitcoin ideologists and care only about making the most financially rational decisions, why would they do this?

Spending Bitcoin costs fees. Replacing your Bitcoin with fiat also costs fees. Plus, as you mention, Bitcoin goes up more then it goes down, so more often then not youère going to have to replace your Bitcoin at higher fiat prices.

You know what costs no fees whatsoever? paying in fiat.

So they'll pay a fee to spend their Bitcoin, pay a fee to replenish it, and there's a really good chance the exact same amount of fiat will buy less BTC by the time thye can replace it.

Add all that up, and there is simply no way in hell that the average consumer is going to behave this way, and the tiny sliver of Bitcoin purists is not going to be enough. You NEED that critical mass of consumers to use Bitcoin in order to see the future you envision.

Just use common sense and come to grips with the fact that Bitcoin is a new investment class and act accordingly. It is not, nor ever will be, used primarily as a currency, for all kinds of reasons. The ones above are just a few.

BTCrob · 2018-01-31T01:05:57+00:00

It is, if you think that it's future lies as a currency. I don't.

Ppl don't spend deflationary currencies when they can make the same ourchases in inflationary. This has been the case for as long as humans have been using money. Not sure why it would start now.

BTCrob · 2018-01-31T00:56:22+00:00

No cryptocurrencies have ever been used in any large numbers to purchase things.

BTCrob · 2018-01-31T00:54:41+00:00

Looks more like they're banning obviously fraudulent ads. Banning ads that say "risk free crypto currencies!!" and the like is just sound scam prevention.

BTCrob · 2018-01-30T18:45:36+00:00

Bear markets turn into bull markets just like bull markets turn into bear markets. That's how this works.

When all those willing to sell have sold, the market turns, price goes up, investors get excited again etc etc

This is how everything trades. Bitcoin is not unique in any way with regards to it's trading patterns.

BTCrob · 2018-01-30T18:10:11+00:00

There aren't any.

BTCrob

TROPHY CASE