Bitcoin goes down, down, down

Vigilant · Unread post by **Vigilant** » Sun Dec 15, 2013 9:27 am

Plonk

cyofee · Unread post by **cyofee** » Sun Dec 15, 2013 10:30 am

I like how Pen has never left his mother's basement but thinks he knows how and why people around the world use Western Union.

Ming · Unread post by **Ming** » Sun Dec 15, 2013 2:19 pm

Ming is graced/cursed with a bunch of Libertarian acquaintances (and he says "acquaintance" because one cannot talk about politics or economics with them for long without getting in a stupid fight over their pet ideas), and you, Pen, talk just like them. Everything you say bespeaks ignorance and participation in good old fringe monetarism. Ming may not make a killing in Bitcoin (for one thing, he doesn't have the spare cash to throw at such a speculation) but he is quite confident that he's not going to lose anything by not participating. And it wouldn't surprise Ming at all to learn that the whole thing is a manipulated scam in which some set of original investors cashes out at an opportune moment and ends up with all the money.

Unread post by **Midsize Jake** » Sun Dec 15, 2013 4:51 pm

Pen wrote:Well, explain the point to me. Some guy doesn't want to walk with his pants around his ankles because his pockets are full of cash, what has that got to do with bitcoin?

What you're doing now is called "absurd-scenario marketing," the sort of thing you see on late-night infomercials for non-useful kitchen gadgets. This is in contrast to the more realistic scenario that Mr. Ming has suggested, namely that someone who doesn't have a bank account might want to buy something from someone far away who doesn't accept physical payments.

I say Bitcoin has effected Western union, and you people say 'it hasn't' yet I find in 5 seconds a heap of graphs that show exactly that...

You said it was killing Western Union, and that "Western Union is now screwed because of bitcoin." Nobody is arguing that Bitcoin has not affected Western Union; it's just not to the extent you were claiming earlier.

cyofee · Unread post by **cyofee** » Sun Dec 15, 2013 6:12 pm

http://www.garynorth.com/public/11828.cfm

Here is an economic fact: the number of fools is limited. They are a scarce economic resource. As the price of bitcoins rises, more fools will be lured into the market. But this is a finite market.

Pen · Unread post by **Pen** » Sun Dec 15, 2013 6:25 pm

Midsize Jake wrote: You said it was killing Western Union, and that "Western Union is now screwed because of bitcoin." Nobody is arguing that Bitcoin has not affected Western Union; it's just not to the extent you were claiming earlier.

It's all about prediction, and not just prediction. As if the WU boardroom types weren't saying 'bitcoin is killing our profits' right around the time they were forced to clash their fees. can't exactly be a hap-hap-happy day for men in suits when they are forced to cut down their gouging. "Western Union is now screwed because of bitcoin." is more how we would interpret their jargon filled speech, which amounts to basically the same thing in plain english.

If you want to see who is right and who is wrong, come back in a year and find Bitcoin is still here, WU has even less profits, and what I have said is what has happened. Tulips, Ponzi, where is the backing for any of those claims ? where is the reasoning behind any such claims ? I expect that sort of talk comes straight from the TV without any discernment or research on the part of the viewer. Where is the mechanism by which bitcoin is supposed to collapse ?

Nobody is arguing that Bitcoin has not affected Western Union;

Err, someone was saying WU is outperforming the dow ?

cyofee · Unread post by **cyofee** » Sun Dec 15, 2013 7:48 pm

The mechanism by which bitcoins will collapse is quoted in the post right above yours.

DanMurphy · Unread post by **DanMurphy** » Sun Dec 15, 2013 8:09 pm

Randy from Boise · Unread post by **Randy from Boise** » Sun Dec 15, 2013 8:25 pm

cyofee wrote:http://www.garynorth.com/public/11828.cfm

Here is an economic fact: the number of fools is limited. They are a scarce economic resource. As the price of bitcoins rises, more fools will be lured into the market. But this is a finite market.

This reminds me of a principle that I learned in numismatics: the "greater fool theory."

To wit: you can make money buying anything at any price, as long as you can find a greater fool who will pay more.

This applies to bitcoins, too, incidentally — until the bubble inevitably bursts.

RfB

TungstenCarbide · Unread post by **TungstenCarbide** » Sun Dec 15, 2013 8:44 pm

Randy from Boise wrote:
cyofee wrote:http://www.garynorth.com/public/11828.cfm

Here is an economic fact: the number of fools is limited. They are a scarce economic resource. As the price of bitcoins rises, more fools will be lured into the market. But this is a finite market.
This reminds me of a principle that I learned in numismatics: the "greater fool theory."

To wit: you can make money buying anything at any price, as long as you can find a greater fool who will pay more.

This applies to bitcoins, too, incidentally — until the bubble inevitably bursts.

RfB

Sure, fools get separated from their money in a speculative bubble. Meanwhile, others are smart and get rich, and probably choreograph and manipulate behind the scenes. That part of the story is more interesting, and rarely told, I'll bet.

It certainly doesn't take a speculative bubble to separate a fool from his money. I know a guy who makes a lot of money at his day job and then and loses it with reckless day trading. I keep telling him it's a scam, that he's competing with people who trade for a living, all day long every day for decades, and that he has no hope of competing. And yet he keeps doing it and keeps losing money. It's like gambling for him. Bob Brinker has been patiently explaining for decades on his radio show how the little guy can invest without getting completely screwed, but fools never listen.

Vigilant · Unread post by **Vigilant** » Sun Dec 15, 2013 9:04 pm

TungstenCarbide wrote:
Randy from Boise wrote:
cyofee wrote:http://www.garynorth.com/public/11828.cfm

Here is an economic fact: the number of fools is limited. They are a scarce economic resource. As the price of bitcoins rises, more fools will be lured into the market. But this is a finite market.
This reminds me of a principle that I learned in numismatics: the "greater fool theory."

To wit: you can make money buying anything at any price, as long as you can find a greater fool who will pay more.

This applies to bitcoins, too, incidentally — until the bubble inevitably bursts.

RfB
Sure, fools get separated from their money in a speculative bubble. Meanwhile, others are smart and get rich, and probably choreograph and manipulate behind the scenes. That part of the story is more interesting, and rarely told, I'll bet.

It certainly doesn't take a speculative bubble to separate a fool from his money. I know a guy who makes a lot of money at his day job and then and loses it with reckless day trading. I keep telling him it's a scam, that he's competing with people who trade for a living, all day long every day for decades, and that he has no hope of competing. And yet he keeps doing it and keeps losing money. It's like gambling for him. Bob Brinker has been patiently explaining for decades on his radio show how the little guy can invest without getting completely screwed, but fools never listen.

Having written high frequency/low latency trading software, I cna tell you that it's worse than you think.
* Colocated servers running at the exchange shave
* High speed leased lines between the exchange and the colo
* Low level speed optimizations in software
* Fabricization (moving software into ASICs/FPGAs) speed packet decoding by orders of magnitude
* Highly specialized trading strategy algorithms
* Advance information gathering that allows for a much better view of the market

The traders call this guy "Dead Money"

SB_Johnny · Unread post by **SB_Johnny** » Mon Dec 16, 2013 10:19 am

cyofee wrote:http://www.garynorth.com/public/11828.cfm

Here is an economic fact: the number of fools is limited. They are a scarce economic resource. As the price of bitcoins rises, more fools will be lured into the market. But this is a finite market.

I thought one was born every minute. :cat:

dogbiscuit · Unread post by **dogbiscuit** » Mon Dec 16, 2013 10:45 am

SB_Johnny wrote: I thought one was born every minute.

Resists attempt at humour through statistical analysis of that statement.

Vigilant · Unread post by **Vigilant** » Wed Dec 18, 2013 5:21 pm

Totally not a speculative bubble
http://www.theguardian.com/technology/2 ... tocurrency

DanMurphy · Unread post by **DanMurphy** » Wed Dec 18, 2013 6:04 pm

The bitcoin subreddit has "stickied" the US national suicide hotline at the top of the page. Because I am horrible, I am enjoying the scurrying of financial illiterates.

Unread post by **Midsize Jake** » Wed Dec 18, 2013 7:31 pm

I guess this means my clever plan to buy a large mobile home, drive it to Canada, fill it up with 200 Mac Minis running Asteroid, and connect them to the internet via a single shared 3G cellular modem obtained under an assumed name while desperately trying to keep my feet warm with battery-powered socks isn't going to be quite the ticket to Easy Street I thought it was.

Unread post by **Zoloft** » Wed Dec 18, 2013 9:20 pm

Selection from the sidebar of that article:

Bitcoin losses not protected, says EU
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The digital cryptocurrency has lost almost 50% of its value overnight
after BTC China said it could no longer accept deposits in the Chinese
currency following a crackdown on third-party payment firms
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Bitcoin should not be seen as a currency, warns Ernst & Young
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Apple blocks bitcoin payments on secure messaging app Gliph
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Recovering stolen bitcoin: a digital wild goose chase
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Bitcoin hype worse than 'tulip mania', says Dutch central banker

Vigilant · Unread post by **Vigilant** » Wed Dec 18, 2013 11:48 pm

Zoloft wrote:Selection from the sidebar of that article:

Bitcoin losses not protected, says EU
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The digital cryptocurrency has lost almost 50% of its value overnight
after BTC China said it could no longer accept deposits in the Chinese
currency following a crackdown on third-party payment firms
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Bitcoin should not be seen as a currency, warns Ernst & Young
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Apple blocks bitcoin payments on secure messaging app Gliph
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Recovering stolen bitcoin: a digital wild goose chase
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Bitcoin hype worse than 'tulip mania', says Dutch central banker

Check out the big brain on Vigilant!!

Unread post by **tarantino** » Thu Dec 19, 2013 12:20 am

Vigilant wrote:Check out the big brain on Vigilant!!

What are we going to do tonight?

Unread post by **HRIP7** » Thu Dec 19, 2013 2:05 am

Well, for those fascinated by the value of Bitcoin, here is a graph, updated hourly.

Hex · Unread post by **Hex** » Thu Dec 19, 2013 6:11 pm

HRIP7 wrote:Well, for those fascinated by the value of Bitcoin, here is a graph, updated hourly.

The markets page at Blockchain is pretty good.

DanMurphy · Unread post by **DanMurphy** » Thu Dec 19, 2013 6:54 pm

Unread post by **tarantino** » Thu Dec 19, 2013 8:05 pm

Why I want Bitcoin to die in a fire
By Charlie Stross

Bullet points:

Mining BtC has a carbon footprint from hell (as they get more computationally expensive to generate, electricity consumption soars).

Bitcoin mining software is now being distributed as malware because using someone else's computer to mine BitCoins is easier than buying a farm of your own mining hardware.

Bitcoin violates Gresham's law: Stolen electricity will drive out honest mining. (So the greatest benefits accrue to the most ruthless criminals.)

Bitcoin's utter lack of regulation permits really hideous markets to emerge, in commodities like assassination (and drugs and child pornography).

It's also inherently damaging to the fabric of civil society. You think our wonderful investment bankers aren't paying their fair share of taxes? Bitcoin is pretty much designed for tax evasion.

EricBarbour · Unread post by **EricBarbour** » Thu Dec 19, 2013 8:10 pm

tarantino wrote:Why I want Bitcoin to die in a fire
By Charlie Stross

Even a figure as popular as Stross will get hammered with hate mail for saying this.....

Mancunium · Unread post by **Mancunium** » Fri Dec 20, 2013 3:29 am

How to steal Bitcoin in three easy steps
The Verge, 19 December 2013 link

With an interesting comments thread.

Hex · Unread post by **Hex** » Fri Jan 03, 2014 3:46 pm

DanMurphy wrote:

Spooky!

Mancunium · Unread post by **Mancunium** » Fri Jan 03, 2014 7:13 pm

Can Bitcoin Alleviate Poverty on the Pine Ridge Reservation? Tribe Pursues its Own 'CryptoCurrency'
Indian Country, 3 January 2014 link

Will Bitcoin become the new virtual gold for the Oglala Lakota Nation? The impoverished tribe's reservation is based in rural Rapid City, South Dakota. Payu Harris, the tribal council representative, thinks the Bitcoin (BTC) can empower his people. [...] "We're estimating the initial price on the going market of $1.25, which gives us a $2 billion market capitalization," Harris told KOTARadio.com. [...]

Bitcon is a digital currency or cryptocurrency, "so-called because it uses cryptography to control the creation and transfer of money," explains Wikipedia. Transactions are recorded by specialized computers and stored in a shared public database. The operators of these computers are called "miners," who are rewarded with transaction fees and newly minted bitcoins. “Mining can actually be quite profitable when miners are able to get their equipment in a timely manner, which is what keeps many of us looking for better, faster and cheaper hardware all the time,” Andrew Korb, who set up a fund that buys systems to mint Bitcoins and shares the proceeds with investors, told Bloomberg News.

Harris believes the Bitcoin can become the Nation's primary means of trade and exchange, and alleviate poverty in a community insulated from big bank-controlled federal regulators. [...] Harris is also working with Kimitsu Asset Management (Kimitsuassetmanagement.com), an international provider of digital currency exchange trading (know as cryptocurrency trading). "Kimitsu Asset Management, founded in 2013, was the first Native American tribal cryptocurrency broker, making us a market leader in and financial innovation," states the company's website. [...]

All is explained in this video:

Randy from Boise · Unread post by **Randy from Boise** » Fri Jan 03, 2014 10:44 pm

Mancunium wrote:Can Bitcoin Alleviate Poverty on the Pine Ridge Reservation? Tribe Pursues its Own 'CryptoCurrency'
Indian Country, 3 January 2014 link
Will Bitcoin become the new virtual gold for the Oglala Lakota Nation? The impoverished tribe's reservation is based in rural Rapid City, South Dakota. Payu Harris, the tribal council representative, thinks the Bitcoin (BTC) can empower his people. [...] "We're estimating the initial price on the going market of $1.25, which gives us a $2 billion market capitalization," Harris told KOTARadio.com. [...]

Bitcon is a digital currency or cryptocurrency, "so-called because it uses cryptography to control the creation and transfer of money," explains Wikipedia. Transactions are recorded by specialized computers and stored in a shared public database. The operators of these computers are called "miners," who are rewarded with transaction fees and newly minted bitcoins. “Mining can actually be quite profitable when miners are able to get their equipment in a timely manner, which is what keeps many of us looking for better, faster and cheaper hardware all the time,” Andrew Korb, who set up a fund that buys systems to mint Bitcoins and shares the proceeds with investors, told Bloomberg News.

Harris believes the Bitcoin can become the Nation's primary means of trade and exchange, and alleviate poverty in a community insulated from big bank-controlled federal regulators. [...] Harris is also working with Kimitsu Asset Management (Kimitsuassetmanagement.com), an international provider of digital currency exchange trading (know as cryptocurrency trading). "Kimitsu Asset Management, founded in 2013, was the first Native American tribal cryptocurrency broker, making us a market leader in and financial innovation," states the company's website. [...]
All is explained in this video:

I hope retardation isn't contagious.

RfB

Unread post by **Zoloft** » Sat Jan 04, 2014 12:10 am

Where's Peter Minuit and his tangible trading goods when Native Americans really need him?

Trading your money for Bitcoins is like buying the aroma of bacon in a diner for an extra $5.

Versus · Unread post by **Versus** » Sat Jan 04, 2014 2:25 am

Anarcho-financiers inspired by Kanye West to launch Bitcoin alternative called Coinye West:

http://www.theguardian.com/music/2014/j ... tocurrency

Edit: Clarify that Kanye West isn't actually involved.

EricBarbour · Unread post by **EricBarbour** » Sat Jan 04, 2014 4:57 am

Zoloft wrote:Trading your money for Bitcoins is like buying the aroma of bacon in a diner for an extra $5.

Bacon smells nicer than Bitcoins.

Kanye West to launch Bitcoin alternative called Coinye West:

Poetlister · Unread post by **Poetlister** » Sat Jan 04, 2014 10:07 am

Zoloft wrote:Trading your money for Bitcoins is like buying the aroma of bacon in a diner for an extra $5.

Not quite; yoiu can't sell on the aroma to another sucker.

Unread post by **Zoloft** » Sat Jan 04, 2014 10:51 am

Poetlister wrote:
Zoloft wrote:Trading your money for Bitcoins is like buying the aroma of bacon in a diner for an extra $5.
Not quite; yoiu can't sell on the aroma to another sucker.

You may be underestimating suckers.
Would you like to buy some shares in my Suckers Derivatives Index Fund?

Pen · Unread post by **Pen** » Fri Jan 17, 2014 4:36 am

it has been just over a month since I called bs on the idea the bt was going down down down....

Pen wrote:

I said it once,

Pen wrote: I disagree there, yes, it is and has been volatile, however, it should settle about a grand or so in the long term. Lots of ups and downs, but a thousand should be ok for it.

I said it twice,

Pen wrote: Some people say it's about 12 or 13 hundred, whatever, about a grand.

and what did bt do for the next month. down down down? or...

heading for, and stabilizing at....

from http://www.pcworld.com/article/2086542/ ... hases.html and http://www.financialsense.com/contribut ... ys-of-2014

can anyone read this graph? huh. they call themselves market oracle

and since mid-dec it has been heading where?

anyhow, I just dropped by because i saw greg's message and had to take a swipe

....and then I was remembering all of the.....

....about bitcoin.

"What, you think [Bitcoin]'s some great mystery beyond the realm of human understanding? Didn't you see the signs?

-Reuben Tishkoff ocean's 12

and now I return you to your regular programming

Vigilant · Unread post by **Vigilant** » Fri Jan 17, 2014 5:23 am

Out of morbid curiosity, I clicked on Pen's post even though I have him Foe'd.

I won't make that mistake again.
I'd sooner chat with Ottava.

EricBarbour · Unread post by **EricBarbour** » Fri Jan 17, 2014 6:04 am

Maybe he's Greg Maxwell's dirty left sock?

Pen · Unread post by **Pen** » Fri Jan 17, 2014 2:18 pm

Pen wrote: I said it twice,

Pen wrote: Some people say it's about 12 or 13 hundred, whatever, about a grand.
and what did bt do for the next month. down down down? or...

I like THAT graph the best, it's like bitcoin is irresistibly attracted to do exactly what I said it would do.

hey, is it USA money that is green, or is that ENVY ?

Pen · Unread post by **Pen** » Fri Jan 17, 2014 2:38 pm

fixed avatar. <Pen wanders off to write a jingle about bitcoin>

Pen · Unread post by **Pen** » Mon Jan 27, 2014 4:52 am

I should point out that bitcoin is a perfect means of payment, but until the regular monetary system is ready to collapse in a couple of years, it's a lackluster investment.

dogbiscuit · Unread post by **dogbiscuit** » Mon Jan 27, 2014 9:45 am

Pen wrote:I should point out that bitcoin is a perfect means of payment, but until the regular monetary system is ready to collapse in a couple of years, it's a lackluster investment.

That thoughtless comment is exactly why stuff like bitcoin is a joke. In simple terms it cannot be a "perfect" way of paying if people neither want or are obliged to accept it. In other words, you may decide to acquire some bitcoins purely as currency, but then you may find that you cannot use them to buy anything you want or need. In what way is that perfect?

Is there a perfect currency? No, but the UK banking system which has successfully virtualised the UK currency comes close as you can pay in hard cash, a promise to pay (cheque), with a card or by simply moving money from one numbered account to another with simple means of converting from one form to another if required. Suggesting you need some peculiar system of magic numbers to do this strikes me as a fantasy, especially as the typical member of the general public has not one jot of a clue as how to use the stupid things.

Pen · Unread post by **Pen** » Mon Jan 27, 2014 12:50 pm

dogbiscuit wrote:
Pen wrote:I should point out that bitcoin is a perfect means of payment, but until the regular monetary system is ready to collapse in a couple of years, it's a lackluster investment.

dogbiscuit wrote: In simple terms it cannot be a "perfect" way of paying if people neither want or are obliged to accept it. In what way is that perfect?

I should point out that bitcoin is a perfect means of payment, as in 'a', not the only one, and as good as any other. Name ANY 'perfect' payment system ?

In what way is any system or method perfect ?. As a ointment or a means of polishing brass, bitcoin is lackluster, actually it's crap. As a means of payment, its perfect. Silk road proved that, but I look forward to it being used to fund education for people who would otherwise be excluded from obtaining an education at all. It's legitimate uses which no other currency can match makes it
perfect
for many situations. There are something like 157 or 187 countries which paypal shuns. Name me a way to send money anywhere without VISA data-mining AND telling you who you will and will not do business with. It shits on most other forms of payment in many areas. Is your business VISA's business ? if you send money from Brazil to Singapore, whose business is it ?? fuck all of the watchers, f all of the dataminers, f all the "Oh whoops Japan just had its largest leak of customers financial details from a credit card company ever" fuck the NSA. If you want to send your daughter or son overseas to get an education and make a long series of payments, whose frikkin business is that except your own? Perfect payment system is in the eye of the beholder.

dogbiscuit wrote: Is there a perfect currency? No, but the UK banking system which has successfully virtualised the UK currency comes close as you can pay in hard cash, a promise to pay (cheque), with a card or by simply moving money from one numbered account to another with simple means of converting from one form to another if required. Suggesting you need some peculiar system of magic numbers to do this strikes me as a fantasy, especially as the typical member of the general public has not one jot of a clue as how to use the stupid things.

well I don't see it. good for you sure, but not everyone. Wikileaks, which are supporters of basic human rights have been cut off by the banking system, visa, paypal, if you support wikileaks it's perfect. If you consider yourself too juvenile to make an informed decision about wkileaks, then , mommy visa and daddy paypal will insist they know what is best for you. Some people consider themselves adult, bitcoin is for them I'd say.

Pen · Unread post by **Pen** » Mon Jan 27, 2014 12:53 pm

everytime I write a long message, I wonder is one of the 'invisible' sysops going to delete it. By invisible, I mean the ones who do not identify themselves as sysop under their avatar or anywhere else, but issue commands, which are always followed, by those who do have sysop under their name. I'd love to know who actually runs wikipediocracy, I really would. Then I could read up and see if it is worth posting here at all.

Unread post by **Zoloft** » Mon Jan 27, 2014 3:01 pm

Pen wrote:everytime I write a long message, I wonder is one of the 'invisible' sysops going to delete it. By invisible, I mean the ones who do not identify themselves as sysop under their avatar or anywhere else, but issue commands, which are always followed, by those who do have sysop under their name. I'd love to know who actually runs wikipediocracy, I really would. Then I could read up and see if it is worth posting here at all.

*sigh*
Bottom of the front page are links to Trustees, Global Moderators, and Administrators.
Trustees can tell Global Moderators and Administrators what they should do.
Ordinarily it is fairly obvious.

thekohser · Unread post by **thekohser** » Mon Jan 27, 2014 3:29 pm

Pen wrote:everytime I write a long message, I wonder is one of the 'invisible' sysops going to delete it. By invisible, I mean the ones who do not identify themselves as sysop under their avatar or anywhere else, but issue commands, which are always followed, by those who do have sysop under their name. I'd love to know who actually runs wikipediocracy, I really would. Then I could read up and see if it is worth posting here at all.

I think for you, we should just let you know that "No, it is not worth posting here at all."

Vigilant · Unread post by **Vigilant** » Mon Jan 27, 2014 3:46 pm

thekohser wrote:
Pen wrote:everytime I write a long message, I wonder is one of the 'invisible' sysops going to delete it. By invisible, I mean the ones who do not identify themselves as sysop under their avatar or anywhere else, but issue commands, which are always followed, by those who do have sysop under their name. I'd love to know who actually runs wikipediocracy, I really would. Then I could read up and see if it is worth posting here at all.
I think for you, we should just let you know that "No, it is not worth posting here at all."

For Pen, it's a complete waste of time.
Give up and leave.

Your posts suffer from a debilitating injury in this environment, the average IQ of the readers is too high.

Pen · Unread post by **Pen** » Mon Jan 27, 2014 3:59 pm

Zoloft wrote: *sigh*

ohh, woe is you. here, have a cookie.

Zoloft wrote:Bottom of the front page are links to Trustees, Global Moderators, and Administrators.
Trustees can tell Global Moderators and Administrators what they should do.
Ordinarily it is fairly obvious.

obvious, great, I'll go compare that list to the deleted messages. (just get me trusty tardis out...and presto.)

thekohser wrote: I think for you, we should just let you know that "No, it is not worth posting here at all."

Because intelligent, witty artistic people shouldn't post here ? well I dunno.
Or is this something else, the juvenile idea that schoolkids pick someone to dislike in order to be liked ? Or is it like the talking-out-their-arse sock ideas, where, just like how Asians all look the same to Americans, people who are smart, witty, well-read and have a few skills besides wanking and playing the x-box and smoking dope, all look alike to trolls ? Surely you are smart enough and have been on the net long enough to have seen that before Greg ? You are a newbie on a site or in a channel and some resident troll figures you're that same person who is 'always' bothering them, when it's just a long string of people with an IQ of 85 or more that are actually bothering him... ?

Vigilant wrote:Your posts suffer from a debilitating injury in this environment, the average IQ of the readers is too high.

and their humor is non-existent ? I must admit there are people with weird-compared-to-mine senses of humor out there, but considering how many like my art, meh, I'd actually say I reach more than I should. Maybe it's US types seeking their own mono-humour, (like a monoculture) that are most irritated, but then again, with so few exhibiting a sense at all...i dunno

Vigilant · Unread post by **Vigilant** » Mon Jan 27, 2014 4:02 pm

Pen wrote:
Vigilant wrote:Your posts suffer from a debilitating injury in this environment, the average IQ of the readers is too high.
and their humor is non-existent ? I must admit there are people with weird-compared-to-mine senses of humor out there, but considering how many like my art, meh, I'd actually say I reach more than I should. Maybe it's US types seeking their own mono-humour, (like a monoculture) that are most irritated, but then again, with so few exhibiting a sense at all...i dunno

Your shit isn't funny.
Every post you make is a tedious waste of time.
You imagine yourself as some avant-garde humorist, but it's just not true.

You are a boring fuck who writes a bunch of semi-random shit and goes, "Look! I'm WACKY!!"

You're as "wacky" as a fifteen year old girl who just got her first phone and delights in amazing her friends with her silly face selfies.

Shut. The. Fuck. Up.

thekohser · Unread post by **thekohser** » Mon Jan 27, 2014 4:03 pm

Pen, if you're willing to disclose who you are, and provide at least a glimpse of your credentials, then I'll be very willing to give you a fair shake. Until then, though... to me, you're just a nutter who spouts things like:

There are something like 157 or 187 countries which paypal shuns. Name me a way to send money anywhere without VISA data-mining AND telling you who you will and will not do business with. It shits on most other forms of payment in many areas. Is your business VISA's business ? if you send money from Brazil to Singapore, whose business is it ?? fuck all of the watchers, f all of the dataminers, f all the "Oh whoops Japan just had its largest leak of customers financial details from a credit card company ever" fuck the NSA. If you want to send your daughter or son overseas to get an education and make a long series of payments, whose frikkin business is that except your own?

...and still expects to be taken seriously by adults with real jobs who pay taxes. You're telling us that there are 157 or more countries besides these? Why should we struggle to engage reasonably with someone like you?

Pen · Unread post by **Pen** » Mon Jan 27, 2014 4:15 pm

I think the internet has either changed OR it's the analogy of ' how petrol evaporates ' with the most energetic volatile compounds vaporizing fast leaving behind the heavier oily muck. That's what has happened to wikipedia, I recall ThatPeskyCommoner, and so many others,all the nice people leave first, tipping the balance of majority to the trolls. Same as the 1984 satirical image of Jimbo, humor is either not compatible or understood, or people have very faulty friend/foe detectors. I don't see you three as bad people or foes, but I get the impression that you might think of me as confusing your circuits, because of my eccentric exotic manners. Hmmm...

Greg, this would be a list first cab off the rank from google here. I wasn't ever sure of the exact figure, and I wouldn't call this list comprehensive either. http://www.youcopyright.org/country-list

Antarctica
Afghanistan
Cote D'ivoire
Cuba
Belarus
Bouvet Island
British Indian Ocean Territory
Cameroon
Central African Republic
Christmas Island
Equatorial Guinea
Haiti
Heard Island and Mcdonald Islands
Iran, Islamic Republic of
Iraq
Korea, Democratic People's Republic of
Lao People's Democratic Republic
Lebanon
Liberia
Libyan Arab Jamahiriya
Myanmar
Nigeria
Pakistan
Papua New Guinea
Serbia and Montenegro
Sudan
Syrian Arab Republic
Zimbabwe

Valiant, just because americans hate british humor, and british don't like indian humor, and indians hate south africans humor....... you'd grow as a person if you embraced cultures and senses of humor different to your own. Or, at the least, tolerated them with some social grace.

dogbiscuit · Unread post by **dogbiscuit** » Mon Jan 27, 2014 4:19 pm

Pen wrote: well I don't see it. good for you sure, but not everyone. Wikileaks, which are supporters of basic human rights have been cut off by the banking system, visa, paypal, if you support wikileaks it's perfect. If you consider yourself too juvenile to make an informed decision about wkileaks, then , mommy visa and daddy paypal will insist they know what is best for you. Some people consider themselves adult, bitcoin is for them I'd say.

I shan't bother answering the rest of your post, given that you have essentially ignored the perfectly simple explanation I gave of the criteria of a currency approaching perfect, which already addressed the majority of your points.

I see your criteria of perfect is "Useless for the vast majority of the population, but OK for supporting activities, including criminal ones, to avoid Government scrutiny." I don't think you've thought this through. Come back when you have a system that is accessible to my 92 year old father who is partially sighted and does not have a computer nor the Internet, can pay the earnings of the entire population, and can buy a cup of coffee at Starbucks.

Oh, and next time don't use the word perfect when you mean "adequate for a limited number of purposes", people tend to object to drivel when it is written like that.