Luke's 7k Post: A baller's bitcoin biz plan

[kumansk]

popcorn gif

 

[bluechinagroup]

You dont prove your point. the concept of proof is completely beneath you. Everytime someone has a legit argument you say "bahaha youre so stupid, you can go research that for yourself - im better than you because i know the blockchain and a couple similarly minded people who believe just as i do". every time someone says something you dont like, you go "lol dumbassery, i hereby threaten you with banhammer"

Interesting comment. I wonder what Luke has to say about this.

Do the rest of you guys in this thread think wayn3 has a point, or is he totally way off the mark like Lukep claims?

 

[TheSeo1]

1. Hoarding is profitable enough; I don't need to trade at all.

So you decide to leave profit aside just because hoarding is making you bank hard? Pretty much no logic behind, but guess it's just me.

Anyway, good luck with your venture, keep us posted after you destroyed WU...

 

[lukep]

Interesting comment. I wonder what Luke has to say about this.

I think he's being nice to you but that doesn't make him any less wrong.

Anyway, here we go; three truly wrong statments that wasted braincells to read:

1. Incorrect assumption-

Did you just compare the thing that you believe replaces currency to the top 10 companies trading in currency of which each deals with a very specialized piece of the pie? and it only made 9th place?

Referencing the chart (posted again below) I did not try to make a comparison between bitcoin and the top 10 companies in any way, shape or form. TheSEO1 made a statement about the 450k Western Union offices, so I responded with: "Bitcoin moved more money yesterday than all those offices combined did" -Talking about WU offices, not companies. The chart clearly backs that statement up:

On the chart, where bitcoin actually made 8th place (Two wrongs in one, hey!) I was merely pointing out transaction volume compared to Western Unions' volume, so no, I did not make the comparison he assumes I made, therefore wasting my time to read.



2. False Dichotomy-

you have to decide whether bitcoin is a business dealing in currency or a currency itself. it cant be both.

Setting aside the fact that bitcoin is a network protocol, not a business (Yay! Another Twofer!) There is absolutely no reason whatsoever that a bitcoin has to be JUST a currency or a payment system like paypal. In fact this duality is indeed one of the most famous special attributes that makes bitcoin bitcoin!

But don't take my word for it... The bitcoin.org FAQs will happily explain both the payment network and the currency aspects.

Don't believe that the FAQs have the authority to pronounce bitcoin a defacto currency? How about a federal judge?

Clearly it is both and his false dichotomy has wasted my time again.



3. False assumption/appeal to authority

we are all programmers. except you. we know what programs can do.

Except... I am a programmer. Derp.

Besides ubot code that I've talked about here multiple times over the years, I code HTML and PHP both on a daily basis in my business. That's how I maintain so many websites, they're automated. I was also trained in VB at university but didn't find it useful and let it go. I do not claim to be a top-tier coder, but I can honestly say I've created from scratch multiple hundreds of small applications and thousands of websites over the last decade.

Again, wasting my time, and appealing to authority like that was kinda low. Not to mention simply, facepalmming wrong.


Wrong three times. (Actually five!) Do you agree wayn3's a bit of a dumbass now?

 

[mattseh]

Luke, are you ready to take up that bet that I proposed on Facebook, about you thinking the USD would be completely destroyed by next year?

 

[kumansk]

but you don't take in account how bitcoin as a currency is moved in large numbers by very few individuals compared to WU. I'm betting most people who rely on WU send way smaller amounts of money ($50-200 per), hence it'd be so much harder to convince the majority of them to switch to bitcoin or even bother with understanding it.

 

[wayn3]

Bro you are so far up your own ass, you think you can impress anyone by naming the rhetoric devices i use. If i was going to own you on a rhetoric level, that would different. You're nitpicking. I don't care about you trying hard to find reasons you want to ignore more. The function exists. Use it. All the good luck in the world to you.

But you've proven nothing. Maybe that I don't express myself precise enough to make my words code of law worthy. Go ahead. Have a good time. I won't quit telling you when you Fuck up. Ignore or not. Because i am that nice

 

[wayn3]

And i don't appeal to authority. I appeal to your ability to accept that you are not an authority on anything you speak on. Everything you say is based on assumption. You don't even know a thing about what a proof consists of. You try to school me on math, where ive clearly shown multiple times that that's just retarded. Quit being that arrogant about things where your only distinction is that you've Googled them. Science wise, the bitcoin project is so far over your head, you can't even grasp how little you know. You are the guy who wonders why a ball rolls down a slope but had a theory that just explains everything by just thinking a bit outside the box.

You just don't GET science.

You think you've programmed. I told you very clearly. As clearly as i can tell someone who doesn't do math, why you are wrong about every aspect of bitcoin. You don't read it, your problem. Go ahead. Get into really deep trouble. I pity you.

Go show me up. Which rhetoric devices was it this time? I use them because that's how grown ups speak. Pointing them out doesn't make you smart. It makes you the guy who thinks is smart but is just Captain Obvious to everyone else.

 

[wayn3]

Nobody agrees im a dumbass. They agree that I'm an asshole. That I'm smart isn't up for debate. I show that off every day. You want it to be different because you put in so much timeon things that I've seen so often in my life, i know them inside out from just a glance.

You're just mad. In the truest sense of the meme. You're mad and you want to get rid of me because it hurts when someone is right about your world being flat.

 

[wayn3]

What i do is, i imply lots of things. Things that are obvious. I assume to not be talking to autistic shitheads who need to take every syllable literally. Everyone but you gets what I'm saying. So you're either trying to be a know it all or you're just genuinely stupid. Since your return i haven't been mean to you. Not once.

 

[bluechinagroup]

Bro you are so far up your own ass, you think you can impress anyone by naming the rhetoric devices i use. If i was going to own you on a rhetoric level, that would different. You're nitpicking. I don't care about you trying hard to find reasons you want to ignore more. The function exists. Use it. All the good luck in the world to you.

But you've proven nothing. Maybe that I don't express myself precise enough to make my words code of law worthy. Go ahead. Have a good time. I won't quit telling you when you Fuck up. Ignore or not. Because i am that nice

And i don't appeal to authority. I appeal to your ability to accept that you are not an authority on anything you speak on. Everything you say is based on assumption. You don't even know a thing about what a proof consists of. You try to school me on math, where ive clearly shown multiple times that that's just retarded. Quit being that arrogant about things where your only distinction is that you've Googled them. Science wise, the bitcoin project is so far over your head, you can't even grasp how little you know. You are the guy who wonders why a ball rolls down a slope but had a theory that just explains everything by just thinking a bit outside the box.

You just don't GET science.

You think you've programmed. I told you very clearly. As clearly as i can tell someone who doesn't do math, why you are wrong about every aspect of bitcoin. You don't read it, your problem. Go ahead. Get into really deep trouble. I pity you.

Go show me up. Which rhetoric devices was it this time? I use them because that's how grown ups speak. Pointing them out doesn't make you smart. It makes you the guy who thinks is smart but is just Captain Obvious to everyone else.

Nobody agrees im a dumbass. They agree that I'm an asshole. That I'm smart isn't up for debate. I show that off every day. You want it to be different because you put in so much timeon things that I've seen so often in my life, i know them inside out from just a glance.

You're just mad. In the truest sense of the meme. You're mad and you want to get rid of me because it hurts when someone is right about your world being flat.

What i do is, i imply lots of things. Things that are obvious. I assume to not be talking to autistic shitheads who need to take every syllable literally. Everyone but you gets what I'm saying. So you're either trying to be a know it all or you're just genuinely stupid. Since your return i haven't been mean to you. Not once.

Wow I think that's a WF record for number of consecutive posts.

Yeah Wayn3 really doesn't come off as a dumbass to me either. He can be an asshole, and that's what is getting under Lukep's skin.

 

[quintana]

your dumbassery has finally earned you a place next to pewep on the ignore list. Not like you weren't warned.

Lurn moar about bitcoin before replying about it again on you'll wind up with wayn3.

It was getting kind of painful to read his responses to bitcoin infact, an issue I warned him about in advance.

This is hilarious. What's with the warnings? You make it sound like the ignore function carries some major consequence.

 

[bluechinagroup]

This is hilarious. What's with the warnings? You make it sound like the ignore function carries some major consequence.

It does. Lukep won't read your posts, and will keep acting like he proved something since your rebuttals will fall on deaf ears. Then again, I can't help but get the feeling that Luke doesn't really read rebuttals even when you aren't on his ignore list.

If your opinion doesn't conform to his confirmation bias, then he just flat out assumes you are wrong with zero critical thought.

At least this thread is really entertaining.

 

[Meatytreats]

 

[lukep]

Luke, are you ready to take up that bet that I proposed on Facebook, about you thinking the USD would be completely destroyed by next year?

***ALLEGEDLY***

Note: If I did say something like that it was in jest or I was very drunk... Luckily Matt's lost the evidence.

but you don't take in account how bitcoin as a currency is moved in large numbers by very few individuals compared to WU. I'm betting most people who rely on WU send way smaller amounts of money ($50-200 per), hence it'd be so much harder to convince the majority of them to switch to bitcoin or even bother with understanding it.

That's exactly what happened; I am in no way trying to make a case that bitcoin is already larger than western union overall... The # of transactions WU does daily is still 10x bitcoin's.

Since bitcoin has no fees and WU is famous for huge fees, this can't last forever though.

Yeah Wayn3 really doesn't come off as a dumbass to me either. He can be an asshole, and that's what is getting under Lukep's skin.

You didn't even try to prove me wrong, and then in the face of my winning the bet you say he's not a dumbass but he's just getting under my skin?

You lost the bet. Stop re-posting his twaddle or you're next on my ignore list.

This is hilarious. What's with the warnings? You make it sound like the ignore function carries some major consequence.

You gotta understand, I haven't had a problem with wayn3 for years, never before on any other subject really... But bitcoin has made him into some kind of troll-monster so I had to do something for the sake of my own sanity... Here's hoping he finally gets the message this time.

I can't help but get the feeling that Luke doesn't really read rebuttals even when you aren't on his ignore list.

If that were so, wouldn't my posts be among the shortest (or non-existent even) rebuttals? I rebut more than a freaking union of plastic-ass surgeons!

Why can't you admit you lost the bet?

 

[yast]

 

[dreamache]

this is the latest bumped bitcoin thread, so I won't create a new one and instead will just post this here.. thought some would be interested in seeing what molyneux thinks, uploaded today..

[ame=http://www.youtube.com/watch?v=j_sj6XGMVaw]The Pros and Cons of Bitcoin - What You Need to Know! - YouTube[/ame]

 

[guerilla]

I'm sure I answered this one in an obvious manner with my two scenarios.

And you missed my point.

For this one, I know just what you mean, & I know that you are correct when we're talking about all centrally-controlled currencies.

No, we're not. You are missing my point. Probably because you have no idea what you are talking about.

But this is really the crux of our difference on bitcoin. You keep trying to make me see something that I have fundamentally unseen. You keep trying to convince me that technology can't solve the underlying problem when I know that it can.

You continually avoid speaking in specifics. Why is that?

The statements I make are specific and clear. Why can't you respond in a similar manner?

You're a smart guy, one of the smartest on this board; but you won't dive in deep into this amazingly large & complex subject and you keep basing your opinions/judgements on old-world knowledge without knowing the facts about what's possible now.

Understanding economics is not "old world knowledge". It's just knowledge.

There is no "new" knowledge here which undermines or refutes anything I have mentioned. Even if we maintain the delusion that there was, you've failed to articulate it.

I suppose the joke is on me, I am talking to someone who is a known bullshitter (see this thread's OP) and I am expecting him to have domain specific knowledge about the insights he claims to have in those domains.

 

[guerilla]

this is the latest bumped bitcoin thread, so I won't create a new one and instead will just post this here.. thought some would be interested in seeing what molyneux thinks, uploaded today.

2 minutes in, and again Stefan is a disaster when it comes to talking about economics. Strawman, strawman, strawman.

This is like asking Barack Obama to give a talk about human freedom.

I'd be embarrassed to link this video. Were you embarrassed when you linked it?

 

[JarredLv]

So far it's very likely that this is exactly what will happen: This Senate hearing is a Bitcoin lovefest

The governments quasi-approval of bitcoin would worry me. If they allow bitcoin to operate as-is fully knowing that it's used to purchase illegal goods and traffick money between terrorist, there is a reason. My guess is they know something we don't.

See, this is what irritates me about you. You're a dilettante.

Learnt me a new wurd today.

dil·et·tante
ˌdiliˈtänt,-ˈtäntē/Submit
noun
1.
a person who cultivates an area of interest, such as the arts, without real commitment or knowledge.