This flag is for
realr0ach This is because he is dishonest, again and again:
https://bitcointalk.org/index.php?topic=5117829.msg50064749#msg50064749
https://archive.is/l0dAs#selection-1415.320-1415.388
https://archive.is/l0dAs#selection-1775.202-1775.245
https://archive.is/l0dAs#selection-1947.455-1947.569
see how in these 3 he steers people away from reasonable and knowledgeable views on bitcoin trading?
how he lies about a respected and trusted trader?
I suggest we warn newbies and guests that they should not consider trading with him.1. Dishonesty. He simply cannot be trusted
2. Previous account got hacked. iirc he did trade with that account. his views on whether to trade bitcoin have changed considerably
3. No idea what might be going on in his pm's - it is quite reasonable to presume he continues his zero-knowledge attacks on bitcoin in personal messages with newcomers. Nor any idea if he is still advocating altcoins -
WTS 400k for .03btc or an LTC
You are correct. Random noobs on this forum INCORRECTLY stated that the only valid game theory path was to dump BCH (think it was derived from some nonsense Szabo fabricated). He made the error of assuming you're required to keep one token at all. The real optimal path is to dump both of them in event of rough consensus attack. If you refuse to dump both for whatever reason, then the optimal path to try and minimize loss would just be to hold all of them.
I like and own several other cryptocoins, and still I consider BCH a joke of a shitcoin.
Yea well, I consider bitcoin a useless shitcoin compared to physical silver coins, but holding bitcoin has been more profitable recently.
I replied to the anonymint thread and this is why I'm anti-craptocurrency now, because they are debt based, rent seeking usury systems and my goal is to defeat that paradigm, not create a new obfuscated form of it. Physical gold and silver commodity currency does this. Cryptocurrency is nothing but an extension of the same system as now:
1) Most of your argument revolves around the idea that humans are going into a "knowledge age" and cornering of capital and commodities is useless, which makes absolutely no sense whatsoever. Being a slum lord in the future will always be just as profitable as in the past in a closed ecosystem (earth) of limited resources if you're able to defend said resources.
2) The drop in commodity prices over time is not evidence heralding a "knowledge age", it's because humans discovered MASSIVELY cheap energy like when oil was cheaper than water in texas, and ever since this has been a game of nothing but arbing excess energy for materials, and now that energy is experiencing collapsing EROI so the arb game is up.
3) Cryptocurrencies not only have no Schelling point, they have a reverse Schelling point because network effect assumes infinite scalability. As soon as the fees go up, people will be moving into the next coin to avoid usury, and all these networks are highly scaling constrained by design. Death by dilution is inevitable without scaling.
4) Cryptocurrency doesn't function as a store of value because it's price floor is recursive based on it's own demand (in PoW). This means it's a complete house of cards in terms of so called value storage.
In commodities like silver, the ESF practices Keynesianism in the commodity markets and naked shorts them down to cost of production to try and keep their market caps as low as possible and prevent them from competing with the dollar. Why? Because nobody would submit to slavery via debt based scam currency at all unless you force them into it.
They can't short metals lower than cost of production because it would create scarcity and be counterintuitive to their goals. However, they can short bitcoin below cost of production because there is no real price floor, only a temporary, synthetic one. This in turn causes the miners to be forced to turn off (like KNC) and the synthetic floor crashes even more until the thing implodes to nothingness.
Another reason why craptocurrency is horrible and not a sound form of money. Metals like silver can be manipulated by shorts to contain their market cap, but bitcoin can actually be destroyed by them due to having no real floor.
5) All cryptocurrencies are inherently rent seeking usury systems and a pseudo form of debt based currency if you will. The PoW chain does not just magically stay up on it's own, it requires a constant upkeep (rent). A peer to peer gold or silver transaction can be done with no overhead cost, but a cryptocurrency transaction always travels through the hands of the rent seekers and will cost > 0.
6) The further you abstract money away from barter, the larger a scam it is
Yet he is still here. It is highly suspicious.
+snip+
You've already reached the peak of risk in your high risk investment. Anyone can click the 2 year chart and see that. It's an obvious unsustainable bubble and anyone cashing out here will not be missing much. I imagine it will do something like a 50% retrace off it's base, which would take it to something like $2100, but the pumpers may or may not try to take it a few hundred higher first. This is literally a textbook pump and dump and it's easy to see from the non-aggregate market movements. Bitcoin has probably never once behaved as an aggregate market. Every single move is just some entity like Digital Currency Group trying to manipulate it in a certain direction to profit.
My understanding of the new newbie-flag voting is: you should only vote to flag him if you believe he is highly likely to scam someone, and not because you don't like him or disagree with him.