Oh shoot Lukep, I bet he's made the most out of any of us, he was in bitcoin from the beginning.
Whew, thought we were goners
- Thread starter mont7071
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Maybe, but sadly I lost them all in a tragic boating accident. :1bluewinky:
Actually there are a couple of folks on here that were mining before I ever heard of Bitcoin. This I where I first heard the word.
Are you staff or something now? I thought Jon scared off every customer but HowToDo so it's surprising to see staff here at all.
I am kinda curious what people are using these days in place of adsense... I've been concentrating on crypto for so long I am now pretty out of touch with my adsense/epn/amazon "hands free" sites I used to write about.
Motherfucking lukep! Man I remember those legendary monetary arguments on here years ago about whether or not Bitcoin works as a currency, what will happen to the value etc.
I never believed (and still don't believe) it works as a currency, but I eventually came around to it as a store of value/speculative investment, partly thanks to you and the other early adopters on here. Ended up moving my bitcoins over to Ethereum when that was trading around $18, since I liked the tech behind it more.
Now you have Chase, Oracle, Amex, IBM etc getting their hands into blockchain technology so the concept is here to stay. More importantly though you see a push from governments into the space so one thing that has really made itself clear - governments are not going to lose control of their monetary systems.
I never believed (and still don't believe) it works as a currency, but I eventually came around to it as a store of value/speculative investment, partly thanks to you and the other early adopters on here. Ended up moving my bitcoins over to Ethereum when that was trading around $18, since I liked the tech behind it more.
Now you have Chase, Oracle, Amex, IBM etc getting their hands into blockchain technology so the concept is here to stay. More importantly though you see a push from governments into the space so one thing that has really made itself clear - governments are not going to lose control of their monetary systems.
Hey UG! Those were great times, I learned a lot from many folks here.
Bitcoin payments still aren't ready for full scale TX loads, but the lightning network is coming along and can take us the rest of the way when it is finalized. Maybe another 1-2 years... The tech is sound, it's just he UI that needs polishing really.
Are you not worred that EOS or another contender without eth's scaling issues will take over the smart contract & dapps use?
I know they'll definitely try every card up their sleeve to keep control, but that doesn't mean they have the ability to. I think Andreas makes the case that they can't attack it successfully:
Bitcoin Q&A: Governments vs. Proof-of-Work or Proof-of-Stake - YouTube
As for Central Bank Digital Currencies competitng with bitcoin, I'm looking forward to their feeble attempts. I know they'll try to do this, maybe all over the world, but it'll be just a better way to help people move to Bitcoin. There simply is no way for them to compete because bitcoin will always be available to be traded against it, only now it'll be a more liquid trade.
Bitcoin Q&A: Political orientation and resisting cashlessness - YouTube
I wish I'd taken these arguments to heart more, there certainly is a scaling problem with all blockchains that I thought would be much easier to overcome than it has been.
Bitcoin payments still aren't ready for full scale TX loads, but the lightning network is coming along and can take us the rest of the way when it is finalized. Maybe another 1-2 years... The tech is sound, it's just he UI that needs polishing really.
Got in on that nice 2017 pop, eh? Congrats. I certainly wouldn't want to be holding Eth these days, especially since it became impossible to run a full archiving ethereum node anymore, but I can't make fun of anyone who rode it from $18 up to $1400.
Are you not worred that EOS or another contender without eth's scaling issues will take over the smart contract & dapps use?
I know they'll definitely try every card up their sleeve to keep control, but that doesn't mean they have the ability to. I think Andreas makes the case that they can't attack it successfully:
Bitcoin Q&A: Governments vs. Proof-of-Work or Proof-of-Stake - YouTube
As for Central Bank Digital Currencies competitng with bitcoin, I'm looking forward to their feeble attempts. I know they'll try to do this, maybe all over the world, but it'll be just a better way to help people move to Bitcoin. There simply is no way for them to compete because bitcoin will always be available to be traded against it, only now it'll be a more liquid trade.
Bitcoin Q&A: Political orientation and resisting cashlessness - YouTube
Yeah I actually cashed out at around $1,000. I wasn't smart enough to foresee those problems ahead of time, I just figured it was a bubble and I should probably take my eggs and go home. Got lucky I guess.
Of course I also lost half my shit like a dummy because I left it in a wallet at BTC-e and the feds seized all that shit from them. Still came out way ahead, but damn.
Lulz. Its fucking laughable the level of denial. "THEY" in the above case being the government... who, if you listen to that ridiculous video, can't do XYZ because of blah blah blah, and its all complete crap.
The government does what it wants when it wants. "try every card up their sleeve"? ... "doesn't mean they have the ability to"? lulz.
they (being the government) just fucking do it, and then you're in the street whining with a cardboard sign that says "no fair", or some lame version of "poor poor us".
oh but wait! Andreas made a video!
I thought Jon scared off every customer but HowToDo
Lol
No man, it is that annoying message that appears at the top of the page everytime we log in - I just copy pasted it here.
>>I am kinda curious what people are using these days in place of adsense
Shopify/eCommerce, Amazon, SaaS.
Adsense is still good for obscure niches. Still using it.
Legendary man! The loss will be worth it to you in your old age to be able to tell the grandkids about that part... 2nd only to being a MtGox victim.
For an anarchist you sure have a huge appreciation of governments' abilities. I give them a lot of credit for being able to buy infinite bullets, bombs, and tanks, but they haven't shown any ability to break public key cryptography yet, and it's been almost 50 years since that was leaked.
There are some things that simply no one can do. You can't move all the stars around. You can't get women to be reasonable. And you certainly can't break bitcoin in any way that matters. It's just too big and powerful now.
Thanks, I appreciate it. Is there a way for affiliates to sell SaaS easily yet, such as a ShareASale/CJ marketplace for them?
when did i become an anarchist? lol.
that said, the government doesn't have to break anything. they just need to overtly make it illegal, something governments have been known to do from time to time with the stroke of a pen between lunch breaks.
and then, no matter how "big and powerful" it is, bitcoin is just an illegal "unbreakable" mob that no honest company/person will do business with, despite all the unbreakable shit you yammer about. sure, it will still exist as an underground illegal service for those willing to risk it. the government can make it permanently underground any time they want.
curious how someone as invested as you consistently ignores this giant gaping hole? you remind me of a holy roller that believes simply because he believes, and all logic is out the window... hands to his ears, NANANANANA.
Not that I know of. Direct approach would be best, I guess.
Of course, you can grab the opportunity and start a marketplace/network
Apparently when you uploaded that avatar. The black in that flag stands for anarchy.
There are 200 different countries in this world all taking their own path towards bitcoin's legalization or the opposite thereof. What we're seeing is that some of the places with the biggest govt opposition to crypto are the places where trading volumes are high and they keep growing. (Venezuela, Turkey, even China.) It makes a lot of sense; bitcoin was literally created to bypass govt control and be there for people who have no access to banking.
Remember, there are far more people without a bank account on this planet than the opposite. Cash still works for most of them, but that will be coming to an end soon too.
I honestly can't see how anyone in 2019 can make that comparison with a straight face. Is "Math" something you can't do business with? Or "Computer Networking?" How about "Science?" Are these too much of a "big mob" for you to do business with?
Bitcoin is simply an extension of the internet and you literally can create transactions for it on a piece of friggin' paper and send them by carrier pigeon to use. It's just numbers and a protocol, that's it. Bitcoin is censorship resistant in the same way math or science is; people can independently do math and science all over the planet without even knowing each other and come to the same conclusions... Just like how everyone all over the planet can come to the same conclusion about who owns what on the blockchain.
:eek7: It's not a "service" at all. No one offers the 'service' of bitcoin; it's just a protocol, like, say, TCP/IP or the MPEG codec.
I was just thinking the same of you. Your resistance to understanding the basic nature of bitcoin is stopping you from seeing what governments are actually saying about it.
Some countries, such as Japan, have already made bitcoin a legal form of payment in shops nationwide. The IMF, the ECB, tons of government regulators from around the world, & even Interpol have all put out statements you can read right now detailing their appreciation of how bitcoin's blockchain allows them to catch criminals that were anonymous when using cash.
I'd blame myself for your lack of understanding bitcoin after spending so much time teaching it here on this board, but in retrospect, I've had dozens and dozens of bitcoiners from WF thank me for introducing them to bitcoin... So I don't think the problem is with my efforts. :bootyshake:
Thanks, although I may have to pass this opp by due to my allergies. I've been quite allergic to hard work all year so far. Hopefully the illness passes or i just may have to retire someplace sunny.Not that I know of. Direct approach would be best, I guess.
Of course, you can grab the opportunity and start a marketplace/network
i should have clarified upfront... i'm talking UTILITY, you're talking AVAILABILITY. two very different things.
If you think the US banking industry (and the government it controls) is going to look toward Japan as a model going forward, well, i guess you're a poster on an SEO board with a silly opinion and some bitcoin stock.
Continue to profit from bitcoin's rise, and i commend you for that, but the idea that bitcoin is ever going to become a real legal currency in the US is 1000% abject nonsense, regardless of how vested you personally are in that outcome.
If you think the US banking industry (and the government it controls) is going to look toward Japan as a model going forward, well, i guess you're a poster on an SEO board with a silly opinion and some bitcoin stock.
Continue to profit from bitcoin's rise, and i commend you for that, but the idea that bitcoin is ever going to become a real legal currency in the US is 1000% abject nonsense, regardless of how vested you personally are in that outcome.
This thread delivers.
@lukep your Bitcoin thread was epic bro. A WF CLASSIC! Now, it's been years and I think most of us are hodling some BTC and see this as a promising technology, but my question for you is: aren't you scared the US government can easily put "sanctions" on BTC the same way they put sanctions on Iran or North Korea? Remember when French bank BNP Paribas paid billions in fines to US and begged for forgiveness when they were caught transacting with Iran, even though they are a FRENCH fucking bank that shouldn't have to abide by US rules. That's how powerful the US is when it comes to world finance. Same with Huawei VP being arrested in Vancouver Canada because the US ordered it. Canadian government, just like France, had to execute US orders out of fear.
The US is a huge monster when it comes to finance and all countries become puppy dogs when Washington puts sanctions on ANYTHING.
@lukep your Bitcoin thread was epic bro. A WF CLASSIC! Now, it's been years and I think most of us are hodling some BTC and see this as a promising technology, but my question for you is: aren't you scared the US government can easily put "sanctions" on BTC the same way they put sanctions on Iran or North Korea? Remember when French bank BNP Paribas paid billions in fines to US and begged for forgiveness when they were caught transacting with Iran, even though they are a FRENCH fucking bank that shouldn't have to abide by US rules. That's how powerful the US is when it comes to world finance. Same with Huawei VP being arrested in Vancouver Canada because the US ordered it. Canadian government, just like France, had to execute US orders out of fear.
The US is a huge monster when it comes to finance and all countries become puppy dogs when Washington puts sanctions on ANYTHING.
Wouldn't dream of it. With the NYDFS Bitlicense I put the US just slightly above the bottom for bitcoin acceptance. Oddly, some states like Wyoming and NH love the stuff, and Ohio actually accepts crypto for taxes now! So It's really a state-by-state thing here, and more are draconian than not.
I fear the US, federally, will hold out longer than most countries simply because it has to defend the dollar's standard as the world's reserve currency.
But bitcoin is already up to #9 out of the 180 currencies in the global market cap rankings; meaning that as a monetary base it's more valuable than most every country's currency save the 8 biggest. Calling it's growth anything less than spectactular so far would be dishonest. Russian Rubles will surely fall to it this year, and it may take a decade or maybe even two to catch up with the dollar, but betting against it isn't a safe bet by any means.
So if you know how hyperinflation works, and we're absolutely already off to a great start with that now, by the way, then it's clear that the USD's days are numbered here and bitcoin will be the only alternative standing when it falls.
Not at all; sanctions are carried out within the existing financial system... Wires between banks and the SWIFT network are the medium that they use to carry out financial sanctions all over the world. Attempting censorship within the bitcoin network would be quite entertaining indeed, although they've already learned enough not to try that. It would be a PR nightmare for them and likely accelerate Bitcoin adoption.
