tag:blogger.com,1999:blog-3758330678390419129.post1449400949466835380..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: 927 People Own Half Of All BitcoinsRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger50125tag:blogger.com,1999:blog-3758330678390419129.post-83395072869415022362014-03-07T09:58:20.600-05:002014-03-07T09:58:20.600-05:00Does this graph and set of statistics take into ac...Does this graph and set of statistics take into account all of the "hot wallets", exchanges and "bitcoin banks" that hold vast amounts of money on behalf of their users? I'd imagine not, just more propaganda. The whole world is a pump and dump scheme for the 50 or so people that run it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-31935558165491842092013-12-17T23:52:40.625-05:002013-12-17T23:52:40.625-05:00This is closer to the mark, imo (-h).
The idea of...This is closer to the mark, imo (-h).<br /><br />The idea of distributed ledger isn't okay in today's world, but "frictionless" clearing with low costs is closer to "1. You can't use gold for electronic transactions unless you entrust a third-party to hold your gold for you."<br /><br />Private institutions offering live video feeds, live tours, multiple 3rd party Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11872707071768621252013-12-17T23:30:04.572-05:002013-12-17T23:30:04.572-05:00"as they have done so with gold."
nope...."as they have done so with gold."<br /><br />nope. 99% in the ground, 10-15% above ground is banker's (who often are responsible to their sovereigns to simply hold it (such as to back the euro). Despite Greece using their gold to back the Troika deals, it isn't gone. It isn't sold. It's being used as collateral for euro loan extensions right now. Surely it could be lost,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-68204915975153106652013-12-17T23:23:01.386-05:002013-12-17T23:23:01.386-05:00"it's unlikely that any central bank can ..."it's unlikely that any central bank can take control of it" lmfao<br /><br />"[T]here have been a few instances of “forks,” moments when part of the network accepted one new block as valid while another part rejected it and accepted a different block.<br /><br />These incidents happened for accidental reasons, but a fork could someday be the result of malicious action.<br /><Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-60171967816611667862013-12-17T23:13:54.199-05:002013-12-17T23:13:54.199-05:00Ask the seller who, ostensibly is awake, to accept...Ask the seller who, ostensibly is awake, to accept it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-15540835876154527772013-12-17T23:11:56.582-05:002013-12-17T23:11:56.582-05:00"North and Wenzel " both understand very..."North and Wenzel " both understand very well the fact that the "distributed ledger" can be co-opted, and as the Fed says "that calculation changes with unitary value." <br /><br />The oh-so-uber complex miners consolidate and collaborate over time as cost to produce rises, and the system, running in tandem with the dominant currency system, has outside resources to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-21784000572414146942013-12-17T22:07:24.452-05:002013-12-17T22:07:24.452-05:00"Do you understand now, why Bitcoin is almost..."Do you understand now, why Bitcoin is almost anonymous?"<br /><br />Is this a joke? <br /><br />The IP address(es) from which the traffic accesses the transaction logged coin exchange in question are the full knowledge of "5-eyes," via their (no longer water cooled?_ can just use A/C ?) logging & sorting of backbone data, and (remember "use both ways") via theirAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-39437756764946961502013-12-16T01:54:28.129-05:002013-12-16T01:54:28.129-05:00i dont think most of you understand bitcoin. it i...i dont think most of you understand bitcoin. it is a new technology that will change payment systems forever. it may not be bitcoins being used in the future, but the protocol cannot be un-invented.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-64061482140205705462013-12-15T07:53:34.053-05:002013-12-15T07:53:34.053-05:00how do you buy something at 3am with gold?how do you buy something at 3am with gold?Anonymoushttps://www.blogger.com/profile/03383755518399630546noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-28894173888600960252013-12-15T07:51:27.830-05:002013-12-15T07:51:27.830-05:00well its never to late to buy in,,, you dont wanna...well its never to late to buy in,,, you dont wanna get left holding the fiat wheel barrelAnonymoushttps://www.blogger.com/profile/03383755518399630546noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-78013254659160863882013-12-14T17:13:46.237-05:002013-12-14T17:13:46.237-05:00What's the difference between this and fiat? T...What's the difference between this and fiat? There are but a few that possess all of the USD here in the states. What's the difference (other than the limited amount of bitcoins in circulation)?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-63220513689277358592013-12-14T15:08:47.110-05:002013-12-14T15:08:47.110-05:00"In exactly 1 year from now if shitcoins, if ..."In exactly 1 year from now if shitcoins, if still even around, are the new world reserve currency. I will give you 100 shitcoins, if it's not you give me 100 ounces of gold."<br /><br />If you want to bet the relative worth of bitcoin vs ounces of gold one year from now, the simplest way is if one year from now he gives you the value of 100 ounces of gold AND you give him 100 Aris Katsarishttps://www.blogger.com/profile/12881367331911257034noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-73847989787739282032013-12-12T19:25:18.508-05:002013-12-12T19:25:18.508-05:00so, essentially you're saying you won't ma...so, essentially you're saying you won't make the bet. I didn't think so. shitcoins are exactly that...shit. and wait until the government shuts down your impenetrable shitcoins. it's true they won't get everyone when they do but when they do, and they will, those they do catch will be made examples of and everyone else will go right back to cash, gold, silver, etc. shitcoins Chris Bnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-74792429539940313652013-12-12T14:11:27.523-05:002013-12-12T14:11:27.523-05:00What is to stop coercive forces from seizing contr...What is to stop coercive forces from seizing control of bit coins? <br />(IE "I'll stop torturing you for access to your bitcoin account")<br /><br />What is to stop hackers from fudging their accounts to make their money multiply?<br /><br />The account may not be linked to your name but you've made it electronically. Encrypted or not that can be tracked. You already know the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-30476264237148552013-12-12T07:13:46.579-05:002013-12-12T07:13:46.579-05:00How can Bitcoin be anonymous if, as you say, "...<i>How can Bitcoin be anonymous if, as you say, "all Bitcoin mining and transactions are done in public"?</i><br /><br />What I find amazing is that you ask this question here, rather than using Google to find the answers you need. Why don't you do your homework and then try Bitcoin yourself? Its clients are free to download and use, and so you have no excuse.<br /><br />Bitcoin Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-81895770763285546432013-12-12T05:31:49.858-05:002013-12-12T05:31:49.858-05:00IIRC in the first few years of its life 99% of all...IIRC in the first few years of its life 99% of all twitter shares were owned by just 2 people.╪https://www.blogger.com/profile/14239984490082591684noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-45545210857201553562013-12-12T03:14:42.806-05:002013-12-12T03:14:42.806-05:00@ Anonymous December 11, 2013 at 9:02 PM
Honey Ba...@ Anonymous December 11, 2013 at 9:02 PM<br /><br />Honey Badger says, "bring it on."Honey Badgerhttp://www.youtube.com/watch?v=4r7wHMg5Yjgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-40809353636472679552013-12-12T03:13:33.845-05:002013-12-12T03:13:33.845-05:00@ Chris B December 11, 2013 at 8:30 PM
I would ta...@ Chris B December 11, 2013 at 8:30 PM<br /><br />I would take that bet but the physical limitations of your gold would not permit it. With bitcoins, you could place them in escrow outside of government reach. With gold, I couldn't place it in escrow anywhere due the fact that governments could veto our "bet". Find a jurisdiction that will allow such a transaction and I'll have Honey Badgerhttp://www.youtube.com/watch?v=4r7wHMg5Yjgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-52152644738390756452013-12-12T00:37:26.936-05:002013-12-12T00:37:26.936-05:00somebody remember history of FB - or Facebook, and...somebody remember history of FB - or Facebook, and it's ownership. Just curious.bullxeadhttps://www.blogger.com/profile/07298419505785849064noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-38900114514006561012013-12-11T21:59:51.575-05:002013-12-11T21:59:51.575-05:00Are you making the case for Au/Ag? Well done. Are you making the case for Au/Ag? Well done. Phil Martinhttps://www.blogger.com/profile/00388842760197647912noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-85052184042139804572013-12-11T21:10:10.562-05:002013-12-11T21:10:10.562-05:00Also from wikipedia:
"Bitcoin uses cryptogra...Also from wikipedia:<br /><br />"Bitcoin uses cryptography for digital signatures but not for encryption. Bitcoin is anonymous in that it's possible though difficult to associate Bitcoin transactions with real-life identities.[20] In addition, Bitcoin intermediaries such as exchanges are required by law in many jurisdictions to collect personal customer data."<br /><br />Possible. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-37288865805183143912013-12-11T21:02:16.253-05:002013-12-11T21:02:16.253-05:00-Honey Badger,
and, if/when it finally becomes a ...-Honey Badger,<br /><br />and, if/when it finally becomes a replacement for the Dollar, governments and central banks will dumb billions and start wars to assert control over it, alter its fundamentals, and use it to enslave you just like the last they did with the Dollar.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-48870890306801019552013-12-11T21:01:26.924-05:002013-12-11T21:01:26.924-05:00I don't disagree, but either way it's deat...I don't disagree, but either way it's death by ponzi...so that's not a compelling argument for Bitcoin.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-67233030174933920132013-12-11T20:58:00.436-05:002013-12-11T20:58:00.436-05:00How can Bitcoin be anonymous if, as you say, "...How can Bitcoin be anonymous if, as you say, "all Bitcoin mining and transactions are done in public"?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-67804643941932929282013-12-11T20:33:42.656-05:002013-12-11T20:33:42.656-05:00amen. but honey badger will have become a trillion...amen. but honey badger will have become a trillionaire by then...or haven't you heard? it's always smart to invest in something that might lose it's value tonight. but don't buy gold because it's not recognized and hasn't been used for eons as "money." shitcoins is the future. YAWNChris Bnoreply@blogger.com