Re: Alex jones calls Bitcoin a "Bubble" & "Globalist NWO" Creation
Logic 101 remedial course is now in session...
What does point #1 have to do with point #2? (Hint: nothing)
And what does either point have to do with what Alex Jones said in the video about Bitcoin being a ponzi bubble? (Hint: nothing)
Bitcoin is an open source project; the whole point is that no government can control it...
What does point #1 have to do with point #2? (Hint: nothing)
And what does either point have to do with what Alex Jones said in the video about Bitcoin being a ponzi bubble? (Hint: nothing)
To clarify for dolts who don't pass Logic 101, open source and the ability to fork does not guarantee the government can't control it.
And Alex Jones' thesis was not about the government controlling it or not. It was about the Bitards' emotional speculation and the Ponzi bubble. Whether the alleged Ponzi bubble is true or not, is irrelevant to the fact that Alex's thesis in the video linked in the OP was not about government control.
Tangentially, the proof it is a ponzi bubble is at the following quoted post:
Gonzalo Lira explains why anonymity is so important but Bitcoin doesn't have it.
Data taken from http://blockchain.info/charts
In the past 60 days bitcoin market price has increased by 8000%. If the cause of increase was widespread adoption of bitcoin as a currency, people would be making transactions. The number of transactions would increase by a similar percentage taking it to around 300000 transactions per day. The current number of transactions is around 75000 per day.
My take from the data is that bitcoin is in a massive speculative bubble. People are hoarding and not using bitcoin as a currency.
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Also, actually acquiring bitcoins is remarkably complexand completely negates the supposed anonymity of bitcoin. Heres a Reddit editor discussing how tough it was for him to get bitcoins, which is fairly typical of retail customers: A whole lot of hassles, and he still couldnt buy any. And for all the talk of bitcoins anonymity, you need a whole truckload of verifiable documents making clear who you are in order to buy your first bitcoin. So the bitcoin-anonymity argument is a chimera.
The failure to meet that conditionbuy or sell exclusively and necessarily with bitcoinis what makes bitcoin essentially useless.
The failure to meet that conditionbuy or sell exclusively and necessarily with bitcoinis what makes bitcoin essentially useless.
Data taken from http://blockchain.info/charts
In the past 60 days bitcoin market price has increased by 8000%. If the cause of increase was widespread adoption of bitcoin as a currency, people would be making transactions. The number of transactions would increase by a similar percentage taking it to around 300000 transactions per day. The current number of transactions is around 75000 per day.
My take from the data is that bitcoin is in a massive speculative bubble. People are hoarding and not using bitcoin as a currency.