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I keep saying I don't think it'll change the world. Goddamnit, what would I have had to have done were I to be bothered to try an break thru your pre-conceptions.
Then what's this about?

But my suspicions were never that people will or won't buy and sell bitcoin, but rather will a bitcoin world mean Cryptodystopia, or Cryptoutopia, or as I suspect- Crypto-same-same. You just don't get the levitating mind-trick that means the thing ain't zero in the first place and won't be zero going forward. Keep wishing for free stuff though, if you perceive that as somehow a 'realistic' outcome.
You do make a lot of cryptic comments about how this technology is a new paradigm that will have massive impact, and that we can't ignore it because of this impact. But now you're saying you don't think it will change the world? So if it won't change the world and it isn't going to explode in value, what exactly are you saying about it?
 
Your bitcoins, is it safe?

marathon-man.jpg
 
Then what's this about?


You do make a lot of cryptic comments about how this technology is a new paradigm that will have massive impact, and that we can't ignore it because of this impact. But now you're saying you don't think it will change the world? So if it won't change the world and it isn't going to explode in value, what exactly are you saying about it?

I guess I do reckon it'll have an impact. That's not necessarily a transformative impact though, perhaps it'll just make a big mess. The automobile made a big impact- and yet we still have poverty, disease and war. Nobody would have beleived that the advent of the 'horseless carriage' would one day lead to hundreds of square miles of tarmac... and yet human existence for many people remains a daily struggle. More so in fact for many. People would have laughed at you if you'd said at the time that this ridiculous looking wheeled contraption could one day be the cause of massive environmental concerns.

Crypto-dystopia, Crypto-utopia, Cypto-same-same. Change doesn't always mean better, maybe just... different.
 
I guess I do reckon it'll have an impact. That's not necessarily a transformative impact though, perhaps it'll just make a big mess. The automobile made a big impact- and yet we still have poverty, disease and war. Nobody would have beleived that the advent of the 'horseless carriage' would one day lead to hundreds of square miles of tarmac... and yet human existence for many people remains a daily struggle. More so in fact, for many.

Crypto-dystopia, Crypto-utopia, Cypto-same-same. Change doesn't always mean better, maybe just... different.
OK, but this is what I'm asking about. In what way will bitcoin have an impact, let alone a big one? The first car as we generally know it was built in 1886 -- just 20 years later, Henry Ford was selling them off a production line and cities were being transformed. We went from the first aeroplane to the first commercial airline in little more than 10 years. The world wide web came on line in something like 1992 or 1993 -- by 2003, we were treating internet commerce as normal. Blockchain tech is now 10 years old and bitcoin is apparently 9 years old (not 7 or 8). There is no comparative sign of any real impact at all, let alone the kind of impact your analogies had.

In order for bitcoin to have an impact, it has to answer the questions I asked above and a lot more besides. These kind of questions:

What institutions would be using it as their ledger? Who is using it as a reference value? What does the money supply actually look like and where does it come from, bearing in mind that almost all the current money supply is created by private debt, not governments? Since the infrastructure is using the energy of a medium sized country just to process a tiny microscopic fraction of all the world's transactions, how is a bitcoin world actually managing to function?

What we have here is currently a ponzi scheme that currently has some value because of sunk cost fallacy. It's not impacting anything until it can show something more.
 
OK, but this is what I'm asking about. In what way will bitcoin have an impact, let alone a big one? The first car as we generally know it was built in 1886 -- just 20 years later, Henry Ford was selling them off a production line and cities were being transformed. We went from the first aeroplane to the first commercial airline in little more than 10 years. The world wide web came on line in something like 1992 or 1993 -- by 2003, we were treating internet commerce as normal. Blockchain tech is now 10 years old and bitcoin is apparently 9 years old (not 7 or 8). There is no comparative sign of any real impact at all, let alone the kind of impact your analogies had.

In order for bitcoin to have an impact, it has to answer the questions I asked above and a lot more besides. These kind of questions:



What we have here is currently a ponzi scheme that currently has some value because of sunk cost fallacy. It's not impacting anything until it can show something more.

Alright, fair enough. I respect your opinion.
 
This is great btw if you enjoy the weirdness of google search.
Google Feud
That’s really addictive. I’ve not yet managed more than 2/10 on any round though!

ETA lol

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ETA2: 4/10 on “I think I swallowed a...”

Some of the rounds are quite dark. There’s a lot of angst out there.
 
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DuckDuckGo Search Engine is the best alernative to Google.

But, 'how to make slime' is also the top result!

Why do people want to make slime so much?
It means 'slime' as in the kids' toy. Like plasticine or playdough but slimier. Making it is a popular activity for kids as it's fairly easy, the end result is something that can be played with and you can pretend it's 'science'
 
Things people want to buy. You can see that once again “dog” came good for me.

D743AFBB-91BC-4133-B8E5-FFEED845CC8A.png

And what are penguins, I hear you ask?

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DuckDuckGo Search Engine is the best alernative to Google.

But, 'how to make slime' is also the top result!

Why do people want to make slime so much?
Has been a craze amongst the pre-teens. My kitchen's been destroyed several times.

A big ingredient is borax; contact lens solution (containing boric acid) has been thieved from bathroom cabinets countrywide.
 
With a week to go before June, bitcoin is excitingly poised to grow by a factor of only 566% from its current $7,500 if it wants to make its conservative projection of $50,000 by June. Will it make it? I am on tenterhooks. Watch this space!

DEFINITELY time to buy!!
 
Bitcoin price plunges after cryptocurrency exchange is hacked


what I don't understand : if part of the point of block chain is to make the transaction history part of the currency..how does nicking them work?
You can publicly see where bitcoins are sent from one wallet to another. So if someone steal a huge lump, you can see which wallet they moved them to. But that doesn't really help you.

A clever thief will just write a script to send the coins over many wallets to many other wallets, using lots of transactions. This makes it virtually impossible to track.
 
1/3 of the entire BC reserves out there (c. $40bn ) are held by a bloc of 1600 wallets ( not users, wallets). the potential for market abuse is staggering - but luckily that will not happen. 'cos this is democratic BC innit
 
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