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Showing 20 of 21 results by genco
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Topic
Board Gambling
Re: SealsWithClubs.eu | Largest Bitcoin Poker Site | No Banking | Fast Cashouts
by
genco
on 27/02/2015, 03:04:04 UTC
I want to move from the original site to this one, but got ominous warning when trying to download desktop client. Sure it is nothing, but I am no IT expert. Can someone tell me why IE gives a warning when downloading desktop client?
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Board Speculation
Re: Who is the Bitcoin BearWhale?
by
genco
on 11/10/2014, 13:19:35 UTC
BFL liquidating BTC. either covering tracks or the proprietors getting ready to flee MO (cash is more valuable on the lam than BTC)
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Board Speculation
Re: What is the bottom price for Bitcoin?
by
genco
on 04/10/2014, 20:23:48 UTC
I think lower. Think about it: if price was $266 365 days ago, then there would have to be $400m new money to keep price steady...and that # grows daily....so if you think that happened then the price will stay above 266, else lower
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Board Speculation
Re: Bitcoin's "Price" Drop
by
genco
on 01/10/2014, 05:43:01 UTC
Nonsense. It is lower in value when measured against anything. You are not deep
Post
Topic
Board Economics
Re: Corporate entities should have a forced maximum lifespan
by
genco
on 17/09/2014, 18:35:01 UTC
So all the employees lose their jobs? Become homeless in the streets? All that has been built is broken to pieces for the enjoyment of those who had nothing to do with building it?

At first I thought your post was a joke, then I sadly realized that idiot redistributionists like you actually exist.
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Topic
Board Economics
Re: (SSS) - A Sane and Simple bitcoin Savings plan
by
genco
on 19/04/2014, 22:59:32 UTC
Why doesn't somebody already prepare a spreadsheet to test this theory (based on various start dates would be nice)Huh??

 I believe this theory is stupid, but I would like data to show what the results would be.
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Board Bitcoin Discussion
Re: OReilly@FOXNews.com
by
genco
on 14/04/2014, 18:54:36 UTC
o'reilly has the number one news show, with average 409k viewers in 25-54 demographic. so the attack on his viewers is an attack on the majority...do you really think that you are better than most people? hint: you aren't.

he is always balanced, great show
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Topic
Board Bitcoin Discussion
Re: Who the hell is Max Keiser?
by
genco
on 17/03/2014, 17:42:54 UTC

FYI: I'm not gonna bother to google him because he's not important, but who is he to the Bitcoin community?

OP motto: Why do for yourself what you can ask others to do for you
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Board Bitcoin Discussion
Re: I made this video on the ostracism happening against Bitcoin libertarians
by
genco
on 17/03/2014, 17:15:54 UTC
BTC is quintessential example of capitalism in action. It is competition to a corporate monetary system (federal Reserve system) and to state-run systems.

Not that complicated. An environment that encourages Competition works to motivate people to develop better ideas. We see btc as testimony to the quality of a capitalist system.
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Board Bitcoin Discussion
Re: Dorian SIGNED Satoshi's PGP key on APRIL FOOL'S DAY last year
by
genco
on 12/03/2014, 00:51:44 UTC
Double spaces is the proper way of writing (review an English guidebook) so that tells us nothing.

Dorian is clearly Satoshi though; it's clear that he is channeling John Galt on many levels.

He doesn't take a pseudonym or hide (instead working on his passion in plain sight), he sought no recognition for his accomplishments, he wore that anarcho-capitalist hat in plain sight (which is an analogue to the "dollar-sign" cigarettes Galt smoked), and by denying credit he lets his name is become the rallying cry ala "who is John Galt."
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Board Bitcoin Discussion
Re: The Two-Bit Idiot vs Bitcoin Foundation
by
genco
on 08/03/2014, 03:54:27 UTC
This is a bluff.

His allegations are pretty good conjecture, but he has no evidence. He had to do this public announcement to get his opponent to bite at the bluff.

He's a gossip that throws likely scenarios out there and sees if they stick.
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Board Speculation
Re: Synthetic gold from LENR reactors could drive crypto to insane levels
by
genco
on 05/03/2014, 20:21:47 UTC
US isn't on gold standard, so this is not relevant. So what if gold goes down in value.

You don't understand anything. Central banks are afraid of gold, that is why the price is manipulated, if they print too much money gold goes up and people become afraid. It is like an indicator, a canary in the coal mine.

If gold has no value anymore, if no rare elements exist anymore, this will be a game changer because commodity money will be history, forever. The concept of intrinsic value will be gone.

Fiat has got no value, but in the future there will be no other form of real money (gold, silver etc.) with intrinsic value either, so the only alternative to fiat money, is crypto currency. No intrinsic value, but cannot be created from thin air at least.

This is a nonsense reply, so I wonder if I should waste time trying to figure out how you can state in one breath that fiat has no value, and that gold is "real money" but wait a sec, it's really just an indicator...dude: if gold goes down in price that doesn't mean everything goes down in price. But crazier still is how you accept a crypt currency can have value based on demand, but somehow that same convention just can't apply to fiat currency
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Board Speculation
Re: Synthetic gold from LENR reactors could drive crypto to insane levels
by
genco
on 05/03/2014, 16:59:28 UTC
US isn't on gold standard, so this is not relevant. So what if gold goes down in value.
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Topic
Board Economics
Re: Blatant Price Manipulation
by
genco
on 04/03/2014, 21:34:45 UTC
Nice explanation, but I take exception to one point: your premise that there isn't enough money to buy cheap coins and Break through the wall.  (I don't accept the premise because  there are literally billions of dollars on wall street). Real situation is there isn't enough people that think the coins are cheap, so a whale is trades with himself to convince new suckers that the price is right.

Bitcoin isn't a currency or a security that's why macro TA doesn't work. It’s a speculative investment that has turned into a Ponzi scheme. Best case scenario is that it really Does take off and no one gets burned, but I doubt it.
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Board Speculation
Re: What if war comes? More and more WWIII signals
by
genco
on 04/03/2014, 14:36:56 UTC
The fact that most commenters concur with the OP is scary! And the "insight" that European countries are allied with the us and former Soviet countries are allied with Russia is so surprising.
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Board Speculation
Re: URGENT NEWS - Warren Buffet declares Bitcoin as a BAD INVESTMENT
by
genco
on 04/03/2014, 04:51:37 UTC
I love bitcoin, but I also admit that it has no long term future and it's basically rich nerds trading pogs...that said, I will HODL because some smart guy once said: be nice to nerds, one day they'll be your boss / run the world (can't remember). I'm not saying by bitcoiners are nerds, just that I don't see a value proposition that can't be defeated...but I'm also not divesting Smiley
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Board Speculation
Re: URGENT NEWS - Warren Buffet declares Bitcoin as a BAD INVESTMENT
by
genco
on 03/03/2014, 22:42:04 UTC
But everyone will admit there are better cryptos, and btc Adoption is low...and banks can use some btc-like features in traditional banking and undercut btc's relative usefulness. Perhaps bit coins greatest value was introducing a disruptive technology and being a competitor, driving innovation in banking. And since Bitcoin can be used abusively even more than the traditional banking sector...maybe we can all say thank you to Bitcoin and know that it will die once the banking sector improves it's offered services.
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Board Speculation
how important is the HMRC news?
by
genco
on 03/03/2014, 19:31:32 UTC
Big price increase today...I assume the rally started on the HMRC announcement and snowballed on pent up demand (Russia and Ukraine not a factor)...so the question is: is the positive news out of London really worth 20% and growing?

Just doesn't seem that important to me...I'd imagine some profit taking soon.
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Board Speculation
Re: How things will progress over course of evening.
by
genco
on 26/02/2014, 22:10:50 UTC
Do you see a crash and then a yo yo back up...or a crash with some stability (and sane growth)? or are we going to be in a long term $100+ yo yo cycle through summer at least?

Related question: why the yo yo this year? Mt gox news wasn't hitting every day...so I presume volatility is based on day traders trying to take advantage of unsophisticated, new market entrants that joined btc based on publicity when it hit 1000.

If that is the case then I'd say the yo yo would stop as number new entrants falls (due to bad news) and the newer people just hold and see where it goes...since I presume these people bought in with a prediction of REAL growth, and not a desire to day trade.
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Board Economics
Re: Bitcoin and The Crashing Game
by
genco
on 26/02/2014, 15:28:49 UTC
Your scenario assumes the old guard (bankers) want cryptocurrencies to fail...

Quite the opposite. The bankers will become anonymous whales of Bitcoin (like satoshi and the other whales).

So our new money supply will still be manipulated, only now it will be done by even more anonymous parties. I kind of think this is scary because at least with a central bank, the people can eliminate it through legislation (happened many times over US history, and will happen again if the Federal Reserve proves incompetent). so Bitcoin could turn sinister.