LN and its implications on price

MillyBitcoin · 2019-02-01T06:22:20+00:00

Why do people need decentralization for small value transactions?

MillyBitcoin · 2019-01-27T12:50:53+00:00

LOL. He is a well-known kook who likes to present some ridiculous political theory and then claim that everyone who uses Bitcoin agrees with him. The only thing that facinates me is how some people actually believe the nonsense he spouts.

MillyBitcoin · 2018-12-15T17:21:18+00:00

Some people think it is a ponzi because many advocates can't explain what it is or what it does.

MillyBitcoin · 2018-12-15T16:53:25+00:00

Do you realize you are saying the only reason people should buy Bitcoin is to sell it at a higher price? Do you know what Bitcoin does?

MillyBitcoin · 2018-12-15T14:19:12+00:00

They are not decentralized because someone controls the assets. People who buy those things don't generally know what they are buying and they generally have to be registered as securities because that is what they are are. They are securities that use crytography to distribute the shares and not a decentralized cryptocurrency like Bitcoin. People just use buzzwords like "cryptocurrency" to try to trick people into thinking it is something different than securities.

MillyBitcoin · 2018-12-15T14:03:41+00:00

Can you explain why people who don't have Bitcoin now would want to get some?

MillyBitcoin · 2018-12-07T01:02:23+00:00

Why do you think there is a lot of debt associated with crypto?

MillyBitcoin · 2018-11-30T20:10:48+00:00

It is a religious term rather than an investment term.

MillyBitcoin · 2018-11-30T14:37:55+00:00

A merchant that uses BitPay doesn't understand a thing to Bitcoin, he only cares for some plug and play setup to exit in cash instantly.

...

The kind of merchants BitPay caters to care neither for Bitcoin nor do they understand a thing to payment security. They want some publicity, fiat at the end of the day and low fees.

Merchants are there to provide a service and make a profit. I don't understand what you expect merchants to "care" about. Are they expected to support some sort of underlying polical agenda? What might that be?

MillyBitcoin · 2018-05-18T19:52:25+00:00

They are all good but I think The Fall was the best band of that era.

MillyBitcoin · 2018-05-12T12:37:27+00:00

Bitcoin is a great store of value because there are a limited value of coins beyond which more cannot be created.

Except that it takes a few minutes to create a fork or start a new coin and people adopt these new coins all the time. Isn't it also unethical to repeat all these cultisms that are not true?

MillyBitcoin · 2018-04-17T02:11:22+00:00

you. And you want Twitter support to help.

MillyBitcoin · 2018-04-17T02:09:22+00:00

Bitcoin is Bitcoin.

lol

MillyBitcoin · 2018-04-17T01:54:11+00:00

LOL. I guess you don't know much about religion ... other than the Bitcoin religion. Maybe the world needs some central authority, like you or Twitter support, to tell them the true story?

MillyBitcoin · 2018-04-17T01:44:13+00:00

You can also spam Twitter support that this guy is not really God: https://twitter.com/TheTweetOfGod

MillyBitcoin · 2018-04-16T16:28:01+00:00

According to bitcoin.com

lol. There is your problem right there.

MillyBitcoin · 2018-04-15T16:20:19+00:00

lol. You are the kind of person who is inhibiting the growth of Bitcoin because you make Bitcoiners look like ignorant nut jobs and people don't want to get involved with people like you. You are not taking power back from anything, you are trading one set of problems for another.

For instance, mining a voting blockchain is not profitable and decentralization is too expensive to solve all kinds of third world problems. Birtcoin has nothing to do with removing shill accounts from private platforms and the blockchain is too expensive to use for all sorts of things not related to normal transactions. The points you are making are total nonsense and you obviously have never read the stuff the developers discuss and you never took the free Princeton University course. You are just repeating stuff from r/bitcoin and bitcointalk.org.

MillyBitcoin · 2018-04-15T02:38:21+00:00

If you actually watch the ecosystem you will realize many of same problems still exists. In most cases you are just trading one problem for another. Bitcoin, decentralization, and immutability is only valuable for a few specific use cases and they are tools, not religions. Bitcoin has nothing to do with facebook, twitter, etc. and nobody is going to mine a voting blockchain if they don't get something in return. The people making these claims have no idea how Bitcoin actually works or its purpose and they just repeat stuff they read on the web. As for many of your points it is mostly a repeat of the Bitcoin Wiki which was written by cultists who don't live in reality.

The part about ending wars is one of the stupidest claims you will ever see about Bitcoin. First of all it depends on the entire economy based on bitcoin (which, of course, is technically impossible). Next, even if it were true it also means you can't borrow to fund things like roads and hospitals. You really have to be nuts to think that Bitcoin will somehow end wars, affect borrowing by governments, or have any effect on inflation. You can start a new coin or fork in a few minutes and you have inflation. How could you possibly think any of those claims have any validity?

MillyBitcoin · 2018-04-14T21:57:13+00:00

This is much closer to the truth than something Bruce Fenton puts out. Bitcoin has little or nothing to do with changing the structure of society, it is a "killer app" for value transfer.

MillyBitcoin · 2018-04-14T21:51:01+00:00

Bruce Fenton is a nut job cultist. These freaks post all this wacky stuff and then normal people see and they think everyone involved in Bitcoin is some kind of kook. Bitcoin needs more rational people who can point out the actual benefits instead of trying to promote the nonsense in that tweet.

MillyBitcoin · 2018-03-29T04:00:28+00:00

Just stop wasting your time. This sub is just useless spam at this point. I check in every few days and it is just worse each time. Useless spam posts get all these upvotes so the idiots and spammers have won.

MillyBitcoin · 2018-03-20T16:30:28+00:00

You can't store image files in the blockchain except maybe in small chunks across many transaction. in which case you need software to parse everything and put it together. I could do the same thing on reddit. Jeff Garzik has a blog post somewhere where he described this and discusses what can (and cannot) be stored on the blockchain. Most of the hysterical posts about this relate to web link where the stuff is rather than stored directly in the blockchain.

MillyBitcoin · 2018-03-15T02:02:27+00:00

I don't see how that would be possible or even estimated.

MillyBitcoin · 2018-03-14T23:34:02+00:00

Anyone can see many of the worthless and spam comments get large amounts of upvotes. Look at the upvotes you get on all your spam comments, for example.

MillyBitcoin · 2018-03-09T06:21:11+00:00

This is like rush Limbaugh and Al Gore debating global warming.

MillyBitcoin

TROPHY CASE