Quote from: AnonyMint on March 17, 2014, 09:32:02 PM

Quote from: pontiacg5 on March 17, 2014, 08:49:57 PM

Quote from: AnonyMint on March 17, 2014, 08:23:08 PM

Quote from: spazzdla on March 17, 2014, 08:20:08 PM

Quote from: equinox9 on March 16, 2014, 06:55:23 PM

Quote from: Kenshin on March 16, 2014, 06:52:53 PM

He is wrong. Just like he was wrong about Microsoft and Facebook.

Can you please explain why he is wrong

There is an owner of moneygram.. THIS is a massive difference.

You guys keep making this same mistaken analysis even I've already explained upthread why this is incorrect.

Bitcoin is already owned by the few pools, the few big exchanges, Bitpay, and other offchain businesses that will all be de facto "owned" by the government via regulation.

You either go 100% decentralized and do everything on the block chain, or you go back to ownership by the elite again.

There is no such thing as a little bit pregnant. Decide what you want.

Edit: I would relish the day that no one needed a bank, insurance company, or any other leeches who serve no necessary function.

What is it you are rattling on about, again?

Insert more rocks in your cranium so you won't have that disturbing sound.

Quote from: pontiacg5 on March 17, 2014, 08:49:57 PM

Bitcoin isn't owned by any pools, if the shit were to hit the fan you can expect a mass exodus in no time at all, except for the dumbasses renting hardware for cex. Or do you think these miners are going to devalue their hardware and profits by continuing to stick with a fucked up pool? Did we forget the mass FUD last time CEX got so close to 50%? That sure was a big problem Roll Eyes

The distribution of ASICs is highly concentrated among a fewer number of owners. This trend will continue to get worse.

Really, where is your proof? I disagree, thinking that as/if things speed up cheaper hardware will become available to more users. It may not pan out that way, but there's no way to say it'll end up centralized either. If the mining market were to trend in that direction, it would be obvious and disastrous to bitcoin, as with the CEX 51% scare. Disastrous things bother the exchange rate and mining margins, so something WILL change. Not that there's plenty more already waiting and in dev, ready to sell at rock bottom. But asics wouldn't be worth anything in that scenario, which means instead of coins changing hands, hardware will. A hiccup, one long drawn out one I still think will never come.

Even if you little farts did have a uniform distribution of the ASICs, you would not risk leaving a regulated pool for an unregulated one once the shit hits the fan, else you devalue your hardware and profits to zero and jail time.

Regulated pool? What regulations? So the government is going to start scanning packets and come kick in my door if I'm found mining? Or regulated, as in insured for the idiots who do not understand auto-payouts? That sure has been a problem up to this point, rouge pools stealing enough profits to make "unregulated" mining so unprofitable. Or are you saying the gov is going to track all coins, making unregulated mining impossible? Really? Again, all I see is more "government is gonna get you" FUD.

Quote from: pontiacg5 on March 17, 2014, 08:49:57 PM

I have NEVER sold a single bitcoin on a exchange, nor have I bought one through them.

It is unfortunate that your actions are not representative of the majority.

Yeah, you are right, probably the minority right now. But, I've put bitcoin into a lot of new hands, people too paranoid to go to an exchange. I'd say that what I'm doing is going to shift to the majority, if anything. Is that not the end goal? I don't give a damn about the exchanges, they are a necessary evil I feel most won't bother with in the future. You (or the majority) deal with a USD exchange on a regular basis, eh?

Quote from: pontiacg5 on March 17, 2014, 08:49:57 PM

Please, tell me more about how I am "owned" by the government. Or, tell the steady supply of people who I sell coins to on a regular basis how they are owned by regulation.

Because there will come a day where you won't mine without providing identity because the mining system is not anonymous.

Right, the mighty USA is going to force all bitcoin miners in the world to register, and it will work because US government has such a tight hold on the internet, let alone anything peer to peer? Or we are back to "colored" coins, any involvement in that fashion would devastate bitcoin, so who cares anyway. It will not happen.

WTF you think I been writing about for the past months? ANONYMITY stoopid. Got it? Or are those rocks upstairs interfering with your comprehension.

Anonymity? Yeah, it's cool and I use it as much as possible, but I don't think it's as big a deal as you do, obviously. I believe those of us who pay attention will be able to stay two steps ahead, as has been tradition on the net. But, I don't think there will be a need to. This thing is too big now, and I don't share the same "gov is gonna get you" mindset as you. They won't fuck with it, because they can't win.

Quote from: pontiacg5 on March 17, 2014, 08:49:57 PM

Everything is in the blockchain, unless you choose to trust your coins to a third party. Nobody is forcing you to do that. Are you really this fucking stupid? If its not on the chain, you haven't got anything. Ask the goxxed....

Agreed. So I guess you are calling all those majority who use exchanges and other offchain services stupid. I agree.

But how can you blame them when no one ever made it a priority to build the decentralized protocols needed.

Total blame, I don't care for speculators and feel no sorrow they lost out. They had to have seen the risks coming from gox, but they want to speculate anyway. I obviously deal with exchanges, mining with GPUs and selling bitcoins, but I don't speculate so my risk of loss is near insignificant compared to those fools. I never have to trust them for more than a few hours, thanks to mining. Yeah, I may not understand markets perfectly, but I would rather people trade for liquidity than bots and unregulated "exchange" engines anyone with some capital can open.

How are you going to decentralize a USD exchange, when the USGov owns everything to do with the dollar. It does not get any better than peer to peer, nor will it, which still works pretty well considering how old bitcoin is. Stuff like ATMs and pre-loaded cards are the future. In the meantime, if people still want to trust anyone with a pile of money, let em.

Quote from: pontiacg5 on March 17, 2014, 08:49:57 PM

So, again, tell me more about how things are done, how fucked I am, and other amusing bullshit that won't be relevant in 6 months, let alone a few years, so I can laugh some more. In the meantime, I sure wish you'd hold up your promise to go away.

You have a big cocky mouth Kansas-boy but not much astute logic to back it up.

Whatever

As for localbitcoins...

As a miner, I use localbitcoins to find new customers. I've found, though, that most don't want to use localbitcoins, and instead just use it for initial contact. Now that I have a few customers, I have people referred to me completely outside localbitcoins, as in they e-mail or text me having found my number from a previous customer. Most just bring a printed code and a smartphone, usually talk about cool stuff for a while, too Wink

And I'm in po-dunk KansAAAss, who would'a thought there'd be so many wanting bitcoins in the middle of nowhere Grin