"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Fair enough Druff, but it's a vicious cycle. The volatility hurts the adoption but the lack of adoption is what stops the volatility from settling.
Bitfinex got hacked, but the truth is that all banks get hacked all the time for huge sums of money. Granted BOA isn't getting 36% of their holding taken in a week, but they get back-doored for 40+ million regularly.
Most banks understand that cryptocurrency is not a matter of IF, but WHEN. Bitcoin may end up being the MS-DOS of crytocurrency, but for right now it is heavily segmented to gift credit, gambling, and online shopping. But as ecommerce increases drastically, we will definitely see more and more security measure for BTC, the same way the credit cards have had to adapt to the Internet as well.
Huh? Yeah. Isn't that what we are talking about?
Gonna let the fact that you straight mumbled some list slide.
I know those tatted and pierced kids at Zappos do Bitcoin. Hseih is a crazy fuck.
Are you coming around to the difference between blockchain tech and Bitcoin (which is what this thread is about?). Cause yeah, a contributing factor in BTC DD will be banks harnessing the tech.... but they are gonna drag their feet until someone makes the first move and forces them. Hurts earnings.
Last edited by Sanlmar; 08-15-2016 at 01:31 PM.
Egifter.com and Gyft.com handle a lot of what you are looking for.
Again, you criticize the list, as if you have some basis to question whether anything on that list works with BTC. Your confusion on the subject should not embolden you to question something written by a tech journalist who just posted the list earlier this month.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
You know, I gotta start comin down hard. I do respect the old school program. I am guilty of being open to hope with the yutes. Krypt comes to mind as a promising rookie.
Threads been slow, ya know. Pretty much resolved.
Gotta laugh. This thread is like 3 years old with thousands of posts. No respect for the work you've put in. Karpeles. Dread Pirate. You're on the news. The booms and busts. It's been a good thread.
So random has no respect. Now I've lost my own.
Are you being serious? You expose your own ignorance and then blame me for correcting someone else's uneducated characterization of BTC's current status as a currency.
Then you bring up benchmarks in Bitcoin history, as if they haven't existed outside of this thread.
I haven't heard one credible argument out of either of you and then when you run out of shitty ammo you run back to the-good-old-days routine. I am not some teenager just because I haven't been swapping farts with you morons since 2013.
Bring real, considered information or I'll keep picking away at your bullshit.
I don't have an exact citation for the 40+ million - I remember it from a 60 minutes episode covering a Chinese hack of the Pentagon... they described how common it was for large hacks of governments and and corporations to go unreported. I will keep looking for the episode if you are curious and not just nit-picking and trying hard to find anything wrong with what I am saying, instead of addressing the thrust of my argument. When a few hacking syndicates steal hundreds of billions of dollars from banks in the North America every year, I would say that BOA taking a few major hits is easy to believe considering they are the second largest bank in North America.
But you guys should keep trying to ban me - I would love to know for what, aside from proving your boy Sonatine needs to polish up on his subject-matters before getting on his high horse. Druff may even agree with you about BTC being limited and not going mainstream, but I respectfully disagree, as he thought they were dead when they dropped down below $300USD 2 years ago. We can't be an expert on everything.
So, while I know you guys hate that I brought a counterargument with facts to the table and disturbed your precious thread, I am still waiting for any kind of counterargument that involves real information and not more than conjecture or references about how n00bs are ruining PFA. That is an argument for someone who is unarmed and defensive - can't fend for themselves so they slither back in their comfort zone with their other under-informed buddies.
I am sorry, is your stance that banks don't lose hundreds of millions of dollars from direct hacks to financial accounts? I am not going to do research for you, but spend 2 minutes to look around and you'll see countless reports of cyber attacks on banks netting hundreds and hundreds of millions of dollars. Want some links? I'll post some. Last time I posted a link crushing the dreams of armchair experts, I was accused of trying to hard and trying to show off. Oh, and I was accused of using Google.
On another topic, please point to what I am wrong about when it comes to BTC or the fact that banks are highly susceptible to attack. You have absolutely no point, you are just trying to defend your internet butt buddy.
You guys are just full of hollow criticism, but desperately lacking information. I would love to have a conversation on here with someone who knows what they are talking about, but financial experts (like Mumbles, apparently) don't disagree with what I am saying because what I am saying comes directly from experts who know a lot more about crytocurrency and fintech than any of you mean girl fuckboys.
Right, but that was one piece of my argument. I am not writing a fucking research paper for you, I was referencing the fact that hackers hit banks for hundreds of millions each year. To your point, perhaps I should have been less specific since I couldn't pull up the primary source immediately.
I would love to hear your opinion on the matter, aside from just trying to poke holes in a part of my argument that has almost no bearing on what I was man-plaining to you bitches.
It's a "fact" that you can't seem to support with any evidence. Hackers of course hit banks in Bangladesh, Russia, and anywhere else running pirated copies of Windows 98. I'm talking about the US.
My opinion is that bitcoin is a solution is search of a problem. It's theoreticly very secure, but in practice clearly insecure. If bitcoin was going to blow up, it would have happenned already. I can see dollar denominated blockchain technologies taking off.
Here list examples. I may have overstepped with my vague memory of a BOA stat, so YOU GOT ME. But otherwise, I haven't one legitimate point out of any of you on this.
http://www.nytimes.com/2016/05/01/bu...d-banking.html
http://www.securityweek.com/hackers-...-kaspersky-lab
http://www.computerworld.com/article...0-million.html
http://krebsonsecurity.com/2010/03/c...s-in-the-dust/
Last edited by GringoStar; 08-16-2016 at 12:06 PM.
I guess wrench jockey is resorting to spell checking, since I've pretty much proved my point. I made a spelling error and couldn't find the original source for one example about BOA getting hacked. Otherwise, I haven't heard one good argument that supports you fucking retards trying to prove that Bitcoin is "donktown" since 2013.
I would be angry too if I held a strong opinion based on limited information and then had some random come into my little safe space and throw feces in my face. You look weak when you:
1) Resort to finding typos and grammatical issues on a FORUM.
2) Try to split hairs about small facts that do nothing to disprove my point.
3) Resort to insults or try to team-up with your mean girl clique and try to talk about how it was great before these "show-offs" came in here.
Your attempts to insult and find flaws and then fall back into your pack of idiots is revealing. I SEE YOU. ALL OF YOU. You can't seem to shut down one squeaky wheel who happens to know a little bit more about fintech than you. But it also seems to happen in other subject-matters. Maybe we'll meet in a thread where you know anything about what's being discussed and you can chat with the adults.
Please don't let my shenanigans make you think that I know dick about your precious little fake internet shekels. For that matter, you should also not allow yourself to think I've participated in this thread in any manner other than rabble-rousing.
How's your rabble? So roused.
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