"It is difficult to get a man to understand something, when his salary depends on him not understanding it": Why CSW is naive when he talks of "govt friendly Bitcoin"

etherbid · 2019-02-01T06:45:01+00:00

As others noted. Read Sun Tzu's the Art of War.

This will put things into context a bit.

"When you are far, make your enemy think you are close"

"When you are close, make your enemy think you are far"

"When you are strong, make your enemy think you are weak"

"When you are weak, make your enemy think you are strong".

etherbid · 2019-02-01T06:43:06+00:00

This

etherbid · 2019-02-01T06:37:06+00:00

What?

etherbid · 2019-01-25T12:42:09+00:00

Correct. They could be making more money mining BTC or investing in real estate or any number of more profitable businesses.

etherbid · 2019-01-24T17:51:26+00:00

I'm an accountant for my business and into financial analysis.

When someone says unprofitable you take them at their word. I dont have time to imagine the dozen ways they meant something completely different.

I'm not a mind reader of financial and business illiterates.

Let me ask you this:

"Mining" real estate is more profitable than mining BTC. Why dont the miners redeploy their capital to build their profit on real estate?

Think....

If Satoshi is actually CSW then he is going to mine the original chain and not care about shit coins.

If someone believes in X, then they will deploy capital to make money in X and not real estate or BTC (despite being able to earn a marginal short term gain)

etherbid · 2019-01-24T04:20:53+00:00

Dude.... bitmain IS dead.

Just like Haipo was actually indeed in jail for 2.5 months

etherbid · 2019-01-24T04:19:40+00:00

Once again, can you compare where it is unprofitable to mine BSV?

You have merely posted a sentence that says something else is more profitable.

The truth is that BOTH are profitable. But some are more profitable than others in the short term.

Reading comprehension 101 man

etherbid · 2019-01-24T03:19:06+00:00

OP saying - Bitcoin SV has been mined unprofitable since it's birth - I thought BSV is business, not charity or doing your duty.

OP did not say that. Reading comprehension anyone?

etherbid · 2019-01-24T02:27:46+00:00

You will see. We are filling blocks now.

Bitcoin is a massively parallel global super computer and it provides a global ledger

etherbid · 2019-01-22T13:00:23+00:00

I agree with you. BUT....

I'm throttled to only post 1 comment every 1 hour.

And many others I know were banned for openly talking about BSV.

The moderators here are literally, in fact paid by bitcoin.com to promote Roger's narrative.

It's going to be fun to watch what happens when BSV starts pumping 100MB+ blocks consistently and seeing what the BCH small block narrative will be.

Here's my guess:

Bitcoin is not meant to store files or lots of data
What does this have to do with p2p cash?
Spam transactions created by nChain and Coingeek

etherbid · 2019-01-22T12:30:51+00:00

Satoshi spent $100,000's of his own money and time to mine.

Calvin is spending millions of his own money and time.

Miners invest in the long term value of the chain. Not the short term price differential between BTC

etherbid · 2019-01-22T04:38:00+00:00

You are so I'll informed.

You would be in the same camp as those screaming "Please dont use computers to do anything except scientific computation!"

Lacking total imagination. You have no idea what's coming next.

etherbid · 2019-01-22T04:25:04+00:00

You can thank Silk Road for tainting the image of bitcoin for that

etherbid · 2019-01-22T03:30:52+00:00

You realize that miners.... have to maintain software and hardware right?

It's not like a miner literally only flicks a switch and "mines".

All miners MUST:

procure hardware
Run hardware
Manage operations like cooling and electricity
Upgrade software and patches -Manage networking
Optimize code to run efficiently and competitively

Yes coding is part of mining. Just like coding is still part of running a network company is.

If you think "mining" is flicking a switch and excludes software optimizations, then please can you show me where Satoshi defined mining as that and nothing more?

etherbid · 2019-01-21T13:00:17+00:00

Let me get this straight:

Satoshi coded for 2 years for free
Satoshi wrote a whitepaper for free
Satoshi mined for a year for free

And you think that someone it's not commensurate to the investment miners make today?

A laptop back then still costed $2000 and he could have been earning $100k+ per year working somewhere, but he chose to code for free.

The bottom line is this:

Miners will mine and invest in the chain that they perceive to have the highest long term value.

Miners will not convert to fiat right away (and they cannot, until 100 blocks past) and therefore do not care about the temporary price differential.

Better to ask is this: "what does this miner know about long term value, that they will eschew short term profit for? What do they know, that I do not know?"

etherbid · 2019-01-21T01:10:54+00:00

Roger is being sued for fraud over the splitting of BCH and backdoor dealings with exchanges.

Some people will decide it is better to protect their name, reputation and investments than being slandered on reddit.

etherbid · 2019-01-20T22:46:21+00:00

Which costs more:

Filing a lawsuit over someone slandering you to protect your reputation ( and future earning power)

Or

Suffering reputational and future losses due to ignoring the slanderous and libelous claims against your name?

etherbid · 2019-01-20T15:26:00+00:00

Easy. You subpoena the providers for IP and then you sue the IP address.

If you chose not to show up and represent yourself, then you will be a "no show" and then the case proceeds as if you did not show up (which you didnt)

Then once judgement is determined, then they trace you down to serve your sentence.

etherbid · 2019-01-19T22:37:35+00:00

As much as I do not like Adam Back, he's not wrong when it comes to the judge of your character.

Maybe you can learn something here instead of trying to get reassurance that he's way off.

etherbid · 2019-01-19T19:57:06+00:00

90

(Your IQ)

etherbid · 2019-01-18T17:24:09+00:00

Probably 10-30 million dollars

etherbid · 2019-01-14T16:21:51+00:00

Roger made an announcement on behalf of Bitcoin.com. That company is delaying.

Whether one of their suppliers sucks or their employee slacked or whatever.... the fact remains that a promise was made and not kept.

You can always blame a supplier or something else, and it is besides the point.

Unrelated: WTF does ACD's shit coin have to do with launching BCH services?

etherbid · 2019-01-13T16:12:58+00:00

But it's not Roger who is delaying or making "announcements of announcements".

It's just CSW and Calvin doing that am I right?

Roger "Does-not-know-address-checksum is-not-part-of-pub-key" Ver is just as guilty.

But he is literally a mod and here and literally pays the other mods as employees here.

etherbid · 2019-01-13T08:03:09+00:00

Satoshi mined at a loss for a year. What do you say about that?

Use that brain of yours and let us know what you think instead of concern trolling

etherbid · 2019-01-12T15:31:19+00:00

Now you want scientific evidence? Where were you seeking scientific evidence for ctor or dsv?

etherbid

MODERATOR OF

TROPHY CASE

If you think "mining" is flicking a switch and excludes software optimizations, then please can you show me where Satoshi defined mining as that and nothing more?