All posts made by BlindedByStick in Bitcointalk.org's Wall Observer thread



1. Post 14938668 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.50h):

Quote from: Elwar on May 23, 2016, 11:49:59 AM
"most of us should realize that you are a nut job, or at least you have nut job propagandistic thinking"

You have to admit, that's special. I'd like to meet someone with "nut job propagandistic thinking".

Simplest thing to do whenever someone says "beanie" is to add them to ignore.
Simplest? Yes. Smartest? No.
Quote
They are obviously clueless and will add nothing toward furthering Bitcoin Beanies.
Perhaps. Some claim that's a good thing.
Quote
There should be a script set up to do that automatically.
Will be ready in Two Weeks™©. Welcome to Bitcoin Smiley

P.S. How's that Water World project of yours going?



2. Post 15045751 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.51h):

Quote from: kehtolo on June 01, 2016, 02:42:55 PM
Technically right. But suppose i got paid today.. what can i spend my ETH on?? Bitcoin?

No, you can do what Elmer does: Sell it in the street for filthy fiat & make money. And convince your landlord to take ETH instead of government scrip.
Mass acceptance doesn't happen all by itself, we need to make it happen. Why would stores start accepting ETH if no one is willing to spend it?

Quote from: kehtolo on June 01, 2016, 02:43:42 PM
It's also not yet near any kind of store of wealth.. and supply is not fixed.. so it's likely to be a poor store of wealth.

If people use it as a store of wealth, it's a store of wealth. Also a great investment vehicle, USD price went up by ~1,000% (one thousand percent) in 2016 alone. Pretty good compared to BTC, no?

Fixed supply is neither here nor there, that's BTCeanie thinking, totally early 90s. BTCeanies supply is limited, as is BTCBTCQ coins, as is 100s of other dead coins. How's that value doing?



3. Post 15046139 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.51h):

Quote from: becoin on June 01, 2016, 03:08:35 PM
How's that value doing?
If it wasn't value doing you won't be writing bs in bitcoin thread promoting eth bs.

Not promoting ETH, just answering why people may want to get paid in ETH, and clearing up the mechanics of mass adoption.
I understand you feeling bitter about ETH outperforming bitcoin, but that's what happens to a disruptive technology when it fails to evolve for 7 years. It stops disrupting and becomes lame, like PalmPilots Smiley
Why not try improving bitcoin, instead of just being surly?



4. Post 15046229 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.51h):

... and those who sold at $560 or more Smiley



5. Post 15046394 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.51h):

Quote from: becoin on June 01, 2016, 03:37:05 PM

Not promoting ETH, just answering why people may want to get paid in ETH
If you're answering questions without being asked, that's called promotion.
Please consider reading before typing. It's not that hard Smiley
Quote from: BlindedByStick on June 01, 2016, 02:49:04 PM
Technically right. But suppose i got paid today.. what can i spend my ETH on?? Bitcoin?

No, you can do what Elmer does: Sell it in the street for filthy fiat & make money. And convince your landlord to take ETH instead of government scrip.
Mass acceptance doesn't happen all by itself, we need to make it happen. Why would stores start accepting ETH if no one is willing to spend it?



6. Post 15046501 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.51h):

Quote from: JimboToronto on June 01, 2016, 03:44:12 PM
I don't understand all this rivalry between Bitcoin and Ethereum. They serve different purposes.

It's like arguing which is better, pie or ice cream. Some people like both.

Now if you want to compare Bitcoin and Ethereum to fiat currencies, that's a different matter.

That's like comparing pie and ice cream with a steaming pile of shit.

And yet you're euphoric that your beetcoins are worth almost as many piles of shit today as they were yesterday Undecided



7. Post 15046606 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.51h):

Quote from: molecular on June 01, 2016, 03:52:10 PM
I don't understand all this rivalry between Bitcoin and Ethereum. They serve different purposes.

There is an overlap of purpose, though: "be the one sound money". Might not be proclaimed (esp. by eth), but this purpose exists at least for some players.


Also draws on basically the same pool of investors.
Also why bitcoiners get so upset when BTC is compared to Beanies: Beanies cheapen artificially limited supply, Bitcoin's only positive distinguishing feature vis-a-vis ETH Sad

Quote from: becoin on June 01, 2016, 03:56:51 PM
Please consider reading before typing. It's not that hard Smiley
...convince your landlord to take ETH...
Are you idiot or what? Are you reading your own 'answers'?
Where do you see a problem? Grover (Elmo? whatever his name is) convinced his landlord to take BTC Undecided



8. Post 15046886 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.51h):

Quote from: becoin on June 01, 2016, 04:10:22 PM

Please consider reading before typing. It's not that hard Smiley
...convince your landlord to take ETH...
Are you idiot or what? Are you reading your own 'answers'?
Where do you see a problem? Grover (Elmo? whatever his name is) convinced his landlord to take BTC Undecided
You can't do that even with a gun in your hand. That's the problem!

BTC is money. That's why more and more landlords will take it. ETH is fuel for a vehicle that has no passengers. Only cheerleaders promoting it.

Other than Elmer's landlord (purportedly) accepting BTC, I know of exactly no landlords that do.
That said, Etherium is less than 2 years old. Tell me how many landlords were accepting BTC back in 2011.

>ETH is fuel for a vehicle
No. ETH simply has features which BTC does not. Think of BTC as a Model T, and ETH as a 911 with AC. Having air conditioning might be a pussy move for a 911, but having AC makes it no less of a car, and it'll still blow your Model T into the weeds with the AC blasting. Get it?



9. Post 15051493 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.51h):

Quote from: JayJuanGee on June 01, 2016, 11:21:31 PM
You must be getting really scared lambie...
coming in here in another sock, and spreading false characterizations and falsely attempting to categorize ETH as nearly equal to BTC..   It would be laughable, if there weren't potential that some people may actually believe your spreading of baloney.

bitcoin is much more than limited in supply as your beanie baby comparison attempts to suggest... have you ever heard of  a decentralized storage of value that is both secure and immutable   - and the first ever digital currency that solved the double spend problem... without asking for permission... That is the amazingness of bitcoin in which Ethereum has not even come close to offering anything of similar value or in a way that can meaningfully compete with bitcoin.


Regarding the landlord taking bitcoin or any other attempt to spread the consumption of ETH - that is also no way near the liquidation options for bitcoin  and even the secure storage of value of bitcoin as compared with the current downside volatility risk of quasi-centralized ETH...

>You must be getting really scared
As scared as I get when I pass up buying a lotto ticket, which is to say "not at all."
You're being retarded, JJG. Stop being retarded.

>bitcoin is much more than limited in supply [...] a decentralized storage of value that is both secure and immutable
Wow. So many nights I lay awake, whispering into my tear-soaked pillow "if only there was a way to store my value in a fashion that's both decentralized and immutable!" Roll Eyes

>the first ever digital currency that solved the double spend problem... without asking for permission...
And Ford's Model T was the first commercially successful mass-produced car. Percentage of the car market currently held by Model T? Zero. Zero percent.
Because, like beetcoin, Model T's primitive, embryonic technology, failing to change with the times, is now a relic. A depressingly dull curiosity that boring old farts who can't afford real vintage cars own, God knows why they even bother. Sound familiar?
 
Oh, for plain old boring transportation, we got ETH better cars now Smiley

>Regarding the landlord
Stop being a lazy sperglord and read before typing, k?
Quote from: BlindedByStick on June 01, 2016, 04:17:46 PM

Other than Elmer's landlord (purportedly) accepting BTC, I know of exactly no landlords that do.
That said, Etherium is less than 2 years old. Tell me how many landlords were accepting BTC back in 2011.

>ETH is fuel for a vehicle
No. ETH simply has features which BTC does not. Think of BTC as a Model T, and ETH as a 911 with AC. Having air conditioning might be a pussy move for a 911, but having AC makes it no less of a car, and it'll still blow your Model T into the weeds with the AC blasting. Get it?



10. Post 15051647 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.51h):

Quote from: JayJuanGee on June 02, 2016, 12:30:18 AM
first you cite me out of context, so it makes my comment appear almost incoherent.  
You are incoherent. and wordy.
Quote
Then you respond by blanketly denying and asserting that I am "retarded."
You are retarded. And annoying.
Does it really take so many words to be retarded? How is it that other retarded kids manage to be terse, Huh?
Quote from: JayJuanGee on June 02, 2016, 12:30:18 AM
Even though there are some similarities, bitcoin is quite different from the automobile...
Yet every once in a while, you have your moments of lucidity.



11. Post 15204526 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.52h):

Quote from: 600watt on June 14, 2016, 07:06:39 AM
I think you'll find that any widely used currency will see a substantial amount of it being spent on criminal shit, obviously, so that points invalid really imo.

Most currencies aren't used *primarily* for khrymez. Bitcoin is an unnoticeable fraction of a fraction of 1% of world's currencies, yet it's already responsible for 40% criminal to criminal payments (c2c) on the interweb.
Only 40% really?? wow I thought it would be way more than that, plus the media has spewed alot of bs demonizing BTC on behalf of the government and central banks etc. to add to that. Anyway you have to respect BTC if you have any respect for crypto currency cos it is and always will be the daddy, so pay homage little pheasant to the daddy of all crypto currencies. Also idc if you can buy drugs over the web, using BTC or not, people will always purchase and abuse drugs, at least this way they can do it safely without having to deal with shady ass street dealers and anonymously cos were not all shameless and think it looks good to be seen buying drugs or some shit.

bullshit. it is about 4 or 5%.

Europol: Bitcoin accounts for over 40% of criminal-to-criminal online payments

Stay in denial.



12. Post 15204627 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.52h):

Quote from: Elwar on June 14, 2016, 11:38:22 AM
I think you'll find that any widely used currency will see a substantial amount of it being spent on criminal shit, obviously, so that points invalid really imo.

Most currencies aren't used *primarily* for khrymez. Bitcoin is an unnoticeable fraction of a fraction of 1% of world's currencies, yet it's already responsible for 40% criminal to criminal payments (c2c) on the interweb.
Only 40% really?? wow I thought it would be way more than that, plus the media has spewed alot of bs demonizing BTC on behalf of the government and central banks etc. to add to that. Anyway you have to respect BTC if you have any respect for crypto currency cos it is and always will be the daddy, so pay homage little pheasant to the daddy of all crypto currencies. Also idc if you can buy drugs over the web, using BTC or not, people will always purchase and abuse drugs, at least this way they can do it safely without having to deal with shady ass street dealers and anonymously cos were not all shameless and think it looks good to be seen buying drugs or some shit.

bullshit. it is about 4 or 5%.

Europol: Bitcoin accounts for over 40% of criminal-to-criminal online payments

Stay in denial.

Who in their right mind would use PayPal for trackable criminal activity on the Internet?

Criminals are apparently ahead of their time in realizing the best criminal-2-criminal online payment method.
FTFY.
They don't get buyer protection or cash back CCs offer, but hey, free munyz Cheesy
I'm glad we agree re. bitcoin's primary use.

Scammers have already started trying to exploit Orlando shooting for bitcoins



13. Post 15204915 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.53h):

Quote from: Asrael999 on June 14, 2016, 11:57:36 AM
Well, the entire world economy doesn't need to go Bitcoin. However, if even 1% of the world economy goes Bitcoin, you have an amount equal to a few thousand percent of the current market cap.

You ever consider how much it would cost to secure a "$20 trillion+" POW network? Taking into account that it costs ~25BTC/10 mins to secure it now, when the market cap is a mere 10 billion?
It would still cost 25BTC/10 minutes (or more likely a significantly lower amount as more than two more halvings are likely to have taken place) But the purchasing power of 1BTC would have increased dramatically.

You're confusing block reward with network security. We can opt to end block reward (change the reward schedule, drop it to zero) right now, and it would still cost 25BTC every ten minutes to secure the network at the current level. At 20 trillion market cap, that would be $500,000,000,000,000 every 10 minutes. That's a $3e.16 every hour, which is a nice chunk of cash Sad



14. Post 15204965 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.53h):

Quote from: 600watt on June 14, 2016, 12:00:24 PM

I think you'll find that any widely used currency will see a substantial amount of it being spent on criminal shit, obviously, so that points invalid really imo.

Most currencies aren't used *primarily* for khrymez. Bitcoin is an unnoticeable fraction of a fraction of 1% of world's currencies, yet it's already responsible for 40% criminal to criminal payments (c2c) on the interweb.
Only 40% really?? wow I thought it would be way more than that, plus the media has spewed alot of bs demonizing BTC on behalf of the government and central banks etc. to add to that. Anyway you have to respect BTC if you have any respect for crypto currency cos it is and always will be the daddy, so pay homage little pheasant to the daddy of all crypto currencies. Also idc if you can buy drugs over the web, using BTC or not, people will always purchase and abuse drugs, at least this way they can do it safely without having to deal with shady ass street dealers and anonymously cos were not all shameless and think it looks good to be seen buying drugs or some shit.

bullshit. it is about 4 or 5%.

Europol: Bitcoin accounts for over 40% of criminal-to-criminal online payments

Stay in denial.




if you want reliable figures, whom do you trust more: an independant online security company or fucking police press release that desperately needs justification to suck out more budget to hire more staff/drive better cars/gain more influence/get paid better/fly more first class/etc/etc Huh

it is fucking 3% only

Quote
Contrary to what most people believe, Bitcoin is not a big part of these financial scams, though. Albeit 3% of survey respondents indicated they had lost Bitcoin funds in the process, the primary culprit were online scams or fraud, followed by data leakage. Additionally, losing funds through a financial organization ranks higher than Bitcoin losses as well.

http://www.newsbtc.com/2016/05/30/kaspersky-labs-bitcoin-online-scams/

Err, I believe the least reliable bitcoin news source, news BTC? When I click on the "source" link at the bottom of that article, I get http://www.antaranews.com/berita/563955/26-persen-konsumen-indonesia-jadi-korban-penipuan-daring.
Which is not to say that 3% is not an astoundingly high number for a currency that handles ~.000001% of internet transactions.
Stay deluded.



15. Post 15205082 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.53h):

Quote from: DaRude on June 14, 2016, 11:54:20 AM
I think you'll find that any widely used currency will see a substantial amount of it being spent on criminal shit, obviously, so that points invalid really imo.

Most currencies aren't used *primarily* for khrymez. Bitcoin is an unnoticeable fraction of a fraction of 1% of world's currencies, yet it's already responsible for 40% criminal to criminal payments (c2c) on the interweb.
Only 40% really?? wow I thought it would be way more than that, plus the media has spewed alot of bs demonizing BTC on behalf of the government and central banks etc. to add to that. Anyway you have to respect BTC if you have any respect for crypto currency cos it is and always will be the daddy, so pay homage little pheasant to the daddy of all crypto currencies. Also idc if you can buy drugs over the web, using BTC or not, people will always purchase and abuse drugs, at least this way they can do it safely without having to deal with shady ass street dealers and anonymously cos were not all shameless and think it looks good to be seen buying drugs or some shit.

bullshit. it is about 4 or 5%.

Europol: Bitcoin accounts for over 40% of criminal-to-criminal online payments

Stay in denial.

Who in their right mind would use PayPal for trackable criminal activity on the Internet?

Criminals are apparently ahead of their time in realizing the best online payment method.

That makes me wonder how the other 60% of online criminals make online payments? Did drug dealers started to accept credit cards or wires or paypal??? Oh i know maybe the other 60% are using ripple doge etherpoop lsk? Can't keep up did something new came out in the last hour or are we still on List?

Nah, the other criminals are using fiat payment options. Which does not imply that having 6495 murders in your mom's basement every year makes it a safer place than the country of United States, where a whopping 16238 are killed every year.
Analogously, 40% of all c2c payments for a currency as tiny as BTC is fucking mind-boggling. Which is not to say bad.
So come on, Duke, let's go do some crimes. Yeah. Let's go get sushi and not pay.



16. Post 15205159 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.53h):

Quote from: Elwar on June 14, 2016, 12:28:18 PM
The dollar was used in over $4 trillion in theft by the US government alone in 2015.

Fiat is used much more for crime than bitcoin for now.

Check out the big brain on Brett! Roll Eyes That's because fiat is roughly a billion times bigger than bitcoin. How many times does this need to be repeated?



17. Post 15205276 (copy this link) (by BlindedByStick) (scraped on 2020-04-04_Sat_14.53h):

Quote from: LFC_Bitcoin on June 14, 2016, 12:31:40 PM
The dollar was used in over $4 trillion in theft by the US government alone in 2015.

Fiat is used much more for crime than bitcoin for now.

Of course it is, the multi billion a year drug trade, prostitution, people trafficking, arms dealing, that's been going on for hundreds of years has been paid for by what?

Not bitcoin.

I'm forced to conclude that either your mind has been ravaged by subpar DNM meth, or you're being willfully ignorant. I'll give you the benefit of the doubt and try to walk you through this.

1. Imagine yourself living in a trailer park called Bitlandia,
2. ...which consists of three dilapidated trailers and one cardboard box.
3. Roughly 6495 murders happen in Bitlandia every year.
4. Bitcoin social scientist BitBilly04676 posits that living in Bitlandia is safer than living in Unitted States of America, because in America, a whopping 16238 murders happen every year.

Do you find BitBilly04676's reasoning sound? Why/why not?

Quote from: podyx on June 14, 2016, 12:39:09 PM
Newsflash: If you cannot buy drugs and weapons with a currency, that currency has little value to criminals.
FTFY. Makes it a great currency for everyone else.