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(Marketwatch)   Bitcoin is an extreme form of libertarian anarchy, says someone who practices extreme forms of economic malfeasance   (marketwatch.com) divider line
    More: Unlikely, Carbon dioxide, Carbon, hedge funds, portfolio manager, Last month, bitcoin, Bitcoin mining, electric-car maker Tesla  
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568 clicks; posted to Business » on 06 Mar 2021 at 7:30 AM (10 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-03-06 3:32:29 PM  

Olympic Trolling Judge: Linux_Yes: Olympic Trolling Judge: Linux_Yes: Bitcoin and the underlying Blockchain will cut the chains off you that the banksters put on you.

At a blistering fast seven transactions per second.

.....and getting faster all the time......

You don't actually know how bitcoin works, do you?


Oh

Think of the blockchain as Digital Democracy.

And that scares rich capitalist pigs who have zero interest in rule by the majority.

I must say ive enjoyed you.
 
2021-03-06 3:37:29 PM  

Linux_Yes: And that scares rich capitalist pigs who have zero interest in rule by the majority.


When the "majority" lives on a Chinese server farm...
 
2021-03-06 3:49:04 PM  
Libertarian to an extreme is anarchy.  When your philosophy is powered on selfishness, it is automatically corrupt.  Looking at you Ayn Rand.
 
2021-03-06 3:49:45 PM  

Olympic Trolling Judge: Linux_Yes: And that scares rich capitalist pigs who have zero interest in rule by the majority.

When the "majority" lives on a Chinese server farm...


Lolzz

What is it about open source decentralized peer to peer distributed blockchain that  u not understand??

Sounds like alot that u dont understand.

It does sound like you watch alot of TV propaganda owned by big business folks who want to keep you ignorant and afraid.

So you will do and think how they want you to do and think.
 
2021-03-06 3:56:08 PM  

Linux_Yes: TDWCom29: Linux_Yes: TDWCom29: Linux_Yes: TDWCom29: Linux_Yes: Bovine Diarrhea Virus: Considering people are using Bitcoin to sell for actual currency, and the value of Bitcoin is typically explained in US currency, I doubt Bitcoin will supplant paper money.

Go to many other countries where only bitcoin is used

Youve been in the States too long.

Uh....what? You're normally a little loopy, but this is a weird thing to say even for you.

Contrary to the BS not everyone converts bitcoin to their local currency. They buy/sell goods/services with someone else using only bitcoin.   No local currency is involved.

Which country in the world uses only bitcoin? Let alone "many". Which is what you said

Linux_Yes: TDWCom29: Linux_Yes: Rapmaster2000: Bitcoin is over.  The real money is in cryptokitties.  I bough a shiatload of them back in 2015.  They've got to be worth millions now.

Yea

50K per coin sounds like its over.

You silly wabbit

As an investment to convert into real money it's been great. As a currency, well.....

It is only 12 years old     a baby

Paper currency in this nation came about in 1794 if i remember right.

New currency takes time to be trusted and to stabilize.

The way you choads are sucking each others' dicks over it you'd think the conversion to bitcoin as the primary global currency is a few months away

No
Im the one who said it would take 20 years.
Maybe 30 or 40

But it will happen and no one can stop it.

Just like no one could stop the Internet.

It's the Q of currency.

But at least you gave yourself a bigger window, we'll probably both be dead before you an be proven wrong

Also you've failed to tell me which country only uses bitcoin

No government/ country uses bitcoin.

Individual citizens use it and fiat currency.
But it is not unusual for a citizen of any country to use only bitcoin to buy or sell something.  Happens all the time.  And over time it is happening more frequently.

Sounds like paper currency back in the 1800s in this ...


We've gone from "many countries only use bitcoin" to "some people in some small, corrupt (yes even more than the US) countries exclusively use bitcoin"

Move them posts!
 
2021-03-06 4:00:06 PM  

TDWCom29: Linux_Yes: TDWCom29: Linux_Yes: TDWCom29: Linux_Yes: TDWCom29: Linux_Yes: Bovine Diarrhea Virus: Considering people are using Bitcoin to sell for actual currency, and the value of Bitcoin is typically explained in US currency, I doubt Bitcoin will supplant paper money.

Go to many other countries where only bitcoin is used

Youve been in the States too long.

Uh....what? You're normally a little loopy, but this is a weird thing to say even for you.

Contrary to the BS not everyone converts bitcoin to their local currency. They buy/sell goods/services with someone else using only bitcoin.   No local currency is involved.

Which country in the world uses only bitcoin? Let alone "many". Which is what you said

Linux_Yes: TDWCom29: Linux_Yes: Rapmaster2000: Bitcoin is over.  The real money is in cryptokitties.  I bough a shiatload of them back in 2015.  They've got to be worth millions now.

Yea

50K per coin sounds like its over.

You silly wabbit

As an investment to convert into real money it's been great. As a currency, well.....

It is only 12 years old     a baby

Paper currency in this nation came about in 1794 if i remember right.

New currency takes time to be trusted and to stabilize.

The way you choads are sucking each others' dicks over it you'd think the conversion to bitcoin as the primary global currency is a few months away

No
Im the one who said it would take 20 years.
Maybe 30 or 40

But it will happen and no one can stop it.

Just like no one could stop the Internet.

It's the Q of currency.

But at least you gave yourself a bigger window, we'll probably both be dead before you an be proven wrong

Also you've failed to tell me which country only uses bitcoin

No government/ country uses bitcoin.

Individual citizens use it and fiat currency.
But it is not unusual for a citizen of any country to use only bitcoin to buy or sell something.  Happens all the time.  And over time it is happening more frequently.

Sounds like paper currency back in the 180 ...


Stop engaging to crazy person. Please! If we all ignore him he'll eventually get bored and take his nonsense elsewhere.
 
2021-03-06 4:02:56 PM  

AsparagusFTW: Fiat got us into this monetary shiatshow. Not bitcoin.


Gold got us into this monetary shiatshow. Not fiat.
 
2021-03-06 4:06:26 PM  

Linux_Yes: You will really enjoy it in 10 or 20 years when cryptocurrency is the new standard.


A speculative commodity that is too volatile, inherently deflationary, and backed by nothing will never become a currency standard.

Bitcoin must fix those problems first before it can even remotely be useful as a unit of exchange. Because right now it's not and it won't ever be with those traits.
 
2021-03-06 6:21:19 PM  

Ishkur: AsparagusFTW: Fiat got us into this monetary shiatshow. Not bitcoin.

Gold got us into this monetary shiatshow. Not fiat.


Back to a gold standard then.
 
2021-03-06 6:39:45 PM  

AsparagusFTW: Ishkur: AsparagusFTW: Fiat got us into this monetary shiatshow. Not bitcoin.

Gold got us into this monetary shiatshow. Not fiat.

Back to a gold standard then.


why?
 
2021-03-06 8:08:38 PM  

Linux_Yes: Olympic Trolling Judge: Linux_Yes: Olympic Trolling Judge: Linux_Yes: Bitcoin and the underlying Blockchain will cut the chains off you that the banksters put on you.

At a blistering fast seven transactions per second.

.....and getting faster all the time......

You don't actually know how bitcoin works, do you?

Oh
And only 21 million bitcoins will ever exist.

Sounds nice and deflationary dont it??


Except you know the dozens of other crypto out there.
How do you know it won't be etherium that's the "new world order" currency?

Kind of like that South Park episode where all sorts of different religious people end up in hell only to be told they picked the wrong one.
 
2021-03-06 10:49:15 PM  

Ishkur: Linux_Yes: You will really enjoy it in 10 or 20 years when cryptocurrency is the new standard.

A speculative commodity that is too volatile, inherently deflationary, and backed by nothing will never become a currency standard.

Bitcoin must fix those problems first before it can even remotely be useful as a unit of exchange. Because right now it's not and it won't ever be with those traits.


Luckily we have projects like Stellar Lumens and Dai that are designed for remittance type transfers.. That is, non-volatile, low fee, and quick.
 
2021-03-06 11:08:04 PM  

Bovine Diarrhea Virus: oh yeah. I'm sure countries with fragile economies and/or criminal enterprises posing as a functioning government using a highly volatile currency are wonderful places.
I'll take my chances in the US. I have actual money in my bank account that is useful pretty much everywhere in the world.
Shouldn't you be busy masturbating to a Linus Torvalds poster?


What was I reading the other day about how bitcoin mining uses more energy than some small countries? I think that kind of leaves poor countries out of the loop. Again. They don't even have internet connections for shiat like that.

It'll be 160 degrees in Minneapolis, but we're rich, rich!
 
2021-03-07 6:44:12 AM  

Ishkur: Linux_Yes: You will really enjoy it in 10 or 20 years when cryptocurrency is the new standard.

A speculative commodity that is too volatile, inherently deflationary, and backed by nothing will never become a currency standard.

Bitcoin must fix those problems first before it can even remotely be useful as a unit of exchange. Because right now it's not and it won't ever be with those traits.


I wouldnt call something used, in the future, by billions of people around the world, backed by nothing.

Linux is kicking all kinds of ass bec of its yuge userbase around the world.

Big business capitalists have you fooled.

The community of users is bitcoins power.  MS couldnt beat Linux so they in desperation began writing software for Linux.
 
2021-03-07 11:31:53 AM  

Linux_Yes: I wouldnt call something used, in the future, by billions of people around the world, backed by nothing.


That is nothing. It's also an incredible conceit.

Linux_Yes: Linux is kicking all kinds of ass


Linux has less than 2% marketshare because people are too busy, stupid, and lazy to care to learn how to use technology.

Same thing with Bitcoin.

Linux_Yes: Big business capitalists have you fooled.


We're talking about currency, which was first minted in Lydia in the 500s BCE. WTF are you talking going on about bug business capitalism?
 
2021-03-07 1:20:04 PM  

Ishkur: Linux_Yes: I wouldnt call something used, in the future, by billions of people around the world, backed by nothing.

That is nothing. It's also an incredible conceit.

Linux_Yes: Linux is kicking all kinds of ass

Linux has less than 2% marketshare because people are too busy, stupid, and lazy to care to learn how to use technology.

Same thing with Bitcoin.

Linux_Yes: Big business capitalists have you fooled.

We're talking about currency, which was first minted in Lydia in the 500s BCE. WTF are you talking going on about bug business capitalism?


Linux dominates everywhere except desktop and gaming.
Where you been??

Even Android, which is not Linux but uses a highly modified by google Linux kernel, runs 75 to 80% of the smartphones in the world.

And where ever users go is where currency goes.  Same with operating systems.

Youve been brainwashed by ur murcan corporate masters.

The Open Source Democratic Genie is out of the bottle and no murcan capitalist pig can stop it.
 
2021-03-07 1:22:07 PM  

Ishkur: Linux_Yes: I wouldnt call something used, in the future, by billions of people around the world, backed by nothing.

That is nothing. It's also an incredible conceit.

Linux_Yes: Linux is kicking all kinds of ass

Linux has less than 2% marketshare because people are too busy, stupid, and lazy to care to learn how to use technology.

Same thing with Bitcoin.

Linux_Yes: Big business capitalists have you fooled.

We're talking about currency, which was first minted in Lydia in the 500s BCE. WTF are you talking going on about bug business capitalism?


Routers run Linux

Cars run Linux

Navy drones run Linux

The ISS runs Linux

The mars rover runs Linux

I could go on and on...

Where you been???
 
2021-03-07 1:23:46 PM  

Ishkur: Linux_Yes: I wouldnt call something used, in the future, by billions of people around the world, backed by nothing.

That is nothing. It's also an incredible conceit.

Linux_Yes: Linux is kicking all kinds of ass

Linux has less than 2% marketshare because people are too busy, stupid, and lazy to care to learn how to use technology.

Same thing with Bitcoin.

Linux_Yes: Big business capitalists have you fooled.

We're talking about currency, which was first minted in Lydia in the 500s BCE. WTF are you talking going on about bug business capitalism?


The NY stock exchange servers run Linux......
 
2021-03-07 1:24:56 PM  

Ishkur: Linux_Yes: I wouldnt call something used, in the future, by billions of people around the world, backed by nothing.

That is nothing. It's also an incredible conceit.

Linux_Yes: Linux is kicking all kinds of ass

Linux has less than 2% marketshare because people are too busy, stupid, and lazy to care to learn how to use technology.

Same thing with Bitcoin.

Linux_Yes: Big business capitalists have you fooled.

We're talking about currency, which was first minted in Lydia in the 500s BCE. WTF are you talking going on about bug business capitalism?


Cryptocurrency will gradually become the new standard for currency around the world.

And that scares Banksters.
 
2021-03-07 1:32:26 PM  

Linux_Yes: Linux dominates everywhere except desktop and gaming.


Like I said: less than 2% marketshare.
 
2021-03-07 1:33:38 PM  

Linux_Yes: Cryptocurrency will gradually become the new standard for currency around the world.


No it won't. Because it's not backed by anything.
 
2021-03-07 2:04:31 PM  

Ishkur: Linux_Yes: Cryptocurrency will gradually become the new standard for currency around the world.

No it won't. Because it's not backed by anything.


So by your logic Linux isnt backed by anything either.

So my desktop and HTPC and Librem 5 are just figments of my imagination.

Shouldnt you be doing homework now for class tomorrow??
 
2021-03-07 2:05:39 PM  

Ishkur: Linux_Yes: Linux dominates everywhere except desktop and gaming.

Like I said: less than 2% marketshare.


And you swallowed the 2% thing too??

Wow
 
2021-03-07 2:09:19 PM  

Linux_Yes: Ishkur: Linux_Yes: I wouldnt call something used, in the future, by billions of people around the world, backed by nothing.

That is nothing. It's also an incredible conceit.

Linux_Yes: Linux is kicking all kinds of ass

Linux has less than 2% marketshare because people are too busy, stupid, and lazy to care to learn how to use technology.

Same thing with Bitcoin.

Linux_Yes: Big business capitalists have you fooled.

We're talking about currency, which was first minted in Lydia in the 500s BCE. WTF are you talking going on about bug business capitalism?

Cryptocurrency will gradually become the new standard for currency around the world.

And that scares Banksters.


I didnt think it would until very recently. Sooner than later you are going to see dollars flow from the debt markets to btc for higher yield, and that pricks the bubble.

Sir Powell and Madame Yellin' re going to hate their lives when that day comes. And it is approaching at a much faster rate than they can even imagine. Their printer is going to get yanked here shortly and Officespaced by Bitcoin.

/gobble gobble
//second inning
///waiting for that sweet sweet etf to really upset the apple cart
 
2021-03-07 4:15:35 PM  

Linux_Yes: So by your logic Linux isnt backed by anything either.


Linux isn't a currency. WTF are you even talking about?
 
2021-03-07 4:17:30 PM  

AsparagusFTW: I didnt think it would until very recently. Sooner than later you are going to see dollars flow from the debt markets to btc for higher yield, and that pricks the bubble.

Sir Powell and Madame Yellin' re going to hate their lives when that day comes. And it is approaching at a much faster rate than they can even imagine. Their printer is going to get yanked here shortly and Officespaced by Bitcoin.


None of this is going to happen.

Put down the Rothbard book and go do something constructive with your education.
 
2021-03-07 5:13:19 PM  

Ishkur: AsparagusFTW: I didnt think it would until very recently. Sooner than later you are going to see dollars flow from the debt markets to btc for higher yield, and that pricks the bubble.

Sir Powell and Madame Yellin' re going to hate their lives when that day comes. And it is approaching at a much faster rate than they can even imagine. Their printer is going to get yanked here shortly and Officespaced by Bitcoin.

None of this is going to happen.

Put down the Rothbard book and go do something constructive with your education.


There will be two types of bitcoin owners. Those who bought in cheap, and those who did not. I guess you will be buying in at the top.
 
2021-03-07 5:20:13 PM  

AsparagusFTW: There will be two types of bitcoin owners. Those who bought in cheap, and those who did not. I guess you will be buying in at the top


There are two types of bitcoin owners.  Those who have lost it all, and those who will lose it all.

Sorry for your loss.
 
2021-03-07 5:28:58 PM  

AsparagusFTW: There will be two types of bitcoin owners. Those who bought in cheap, and those who did not. I guess you will be buying in at the top.


Why would I buy at all?

What's the point of bitcoin?
 
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