Post
Topic
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
roach_lost
on 24/12/2017, 02:38:10 UTC
That was the opposite of well said.  He didn't explain ANYTHING about how LN is going to solve any of the problems I listed in the quote below.  Bitcoin is a god damn cult of idiots, I swear.  Look at this sirazimuth's guy signature for fucks sake:

"Bitcoin...the future of all monetary transactions...and always will be"

That looks like it was written by a 3 year old.  No reasoning, no nothing.  Just "buy my centralized pump and dump scheme because ...I dunno!"

Explain how I can securely send gold or silver across the world for payment without any friction/transaction fee or middleman to have to trust, or GTFOOH you idiot.

You cannot securely or insecurely transfer any quantity of information across the world for payment or any other purpose without friction, transaction fees, middlemen, gravity, thermodynamics and other things alike which are part of how reality works. The same reality that has been developing for billions of years in which you and I are just one infinitesimal part.

Bitcoin is not a perpetual machine. You are buying into the illusion sold to you by the ones who want to enslave, at best, you and your descendants.

You are not your own bank when your mining cannot in any way influence a proof of work system.

You are not your own bank when your storage of bitcoin depends always upon third parties to continue on doing immense amounts of proof of work to keep it safe. Do you think they will always be happy with just fees and block rewards?

You could never securely send bitcoin across the world without any friction/transaction fee or middlemen. Friction was always there, transaction fees were always there and miners, ISPs, Operating Systems, computer hardware architectures, were all there as middlemen all along.