The Bitcoin Thread (price and other bitcoin related topics)
#16
(06-27-2019, 03:22 PM)JayRothschild Wrote: Bitcoin is for autistic retards and gamblers.

When you start out of the gate like that, hard to know if to take you seriously.

(06-27-2019, 03:22 PM)JayRothschild Wrote: Any "currency" not tied directly to either some unit of energy or time-work unit or some basis of exchange that is universally in demand is and always will be a bankers scheme/Ponzi scheme (same thing if you know the history).

You seem to not understand bitcoin.  You seem to be attempting to make a pretty lame point about having to have some kind of tangible connection for value to exist, though, at the same time, you don't seem to understand that proof of work also causes bitcoin to be "tied to something" which is math which results in the security of a network through a pretty BIG ass computing system that is aimed at mining bitcoin, which is not exactly nothing, either.

(06-27-2019, 03:22 PM)JayRothschild Wrote: The creator of Bitcoin is Craig Wright, an Australian entrepreneur/computer scientist who had been producing software for online casinos and other gambling businesses for years when he was writing computer code that later helped to develop bitcoin. He worked on computer code with an American cybersecurity consultant named David Kleiman, and by 2011 the pair had amassed 1.1 million bitcoins, worth more than $1 billion at today's prices.

Who gives any shits about Craig Wright and his story about what he supposedly did, which has been proven to be a bunch of lies.  You going to cite the stories of a conman sheister as if they had any true underlying facts.

You must really want to be taken for a ride, but more likely you are either being paid to spout out those talking bcash sv talking points.  No one should be so dumb to actually believe what you are asserting, so I am attempting
to grant you some kind of benefit of the doubt.

(06-27-2019, 03:22 PM)JayRothschild Wrote: In 2015, associates of Wright began setting up companies making bitcoin and blockchain patent applications. To get Bitcoin adapted he played some humble Japanese scientist not interested in money. Wright and his associates have lodged more than 70 patent applications in Britain and have plans to file many more. However, the Chinese are cracking down on Bitcoin and his scheme is just about over.

Well, yeah, the truth of the matter is that Wright like got involved in bitcoin in about 2015 to begin to perpetuate a scheme.. that involved a bunch of schemes, mumbo jumbo and various ways to attempt to attack bitcoin... whether his efforts have personally paid off for him, who knows.  He could end up in jail in the near future based on the level of his various frauds and likely that his shenanigans might catch up with him.


(06-27-2019, 03:22 PM)JayRothschild Wrote: https://markets.businessinsider.com/curr...1028097160

China is going down because their energy demands are so high that they will be paying the USA for oil and gas for the next few decades, which means the USA keeps their top dog status until oil runs out in twenty to thirty years. Large populations have a propensity to demand the energy they can't live without, so I guess that isn't too much speculation. Luckily, solar efficiency has already created enough alternative energy sources to be reasonably replacement and is only getting better, e.g. solarcity's 22percent efficient cells with 30-40percent more energy per panel news yesterday. So no real doom scenarios for the future.

The most interesting thing about the future is that with about 40kwatt of continuous energy available, you can provide luxury living for 10-20people depending on their waste levels. In other words, you can profit off of people's desires to vacation and spend on experiences or just living in comfort on a very small scale level... After the initial investment into solar panels, these little gooseberry farm retreats and health spa experiences are going to be sweat little opulent retirement villages.

You seem to be getting distracted with your little tangential discussion about china and energy and whatever fucking points you are attempting to make that are supposedly somehow related to bitcoin.  Bitcoin gives two shits about your various observations about china's relationship with energy and those kinds of matters.  Surely if any country's people become victim of bad government policies (does not matter which country), they may be able to hedge some of their bets with bitcoin to the extent that their local currencies (or other ways to store value) run into issues.

(06-27-2019, 03:22 PM)JayRothschild Wrote: Anyway, Bitcoin is now just a game of who gets left holding the hot potato. Completely shit.

Again, you seem to not understand bitcoin or what it is.  Perhaps you are also conflating bitcoin and other crypto currencies since you are talking about craig wright and his bcash sv fork..?


(06-27-2019, 03:22 PM)JayRothschild Wrote: In other news, I made 80% return in 6 hours with basic investing... I had held it, I'd have made over 50k in under three weeks lol peaked out at a high of 70k in those three weeks. I bought a pinksheet listed bankrupt company's shares that is potentially going to wipe its shares in a few days off the market when they submit their reorganization plan on the 30th. Hence the 80% return was good enough for me, holding it for the bigger return was too risky.

Who gives any shits about your off-topic investments, if true.  This thread is about bitcoin.  Are you trying to make some kind of comparison?  Anyone can make a lot of money in a short period of time, if they time a pump or something like that and even using leverage or whatever.  If you are trying to make a comparison, you seem to be a bit off topic.


(06-27-2019, 03:22 PM)JayRothschild Wrote: I keep an eye out for companies that should be valued above their market shares. The worst ones are companies that have tech they don't understand how to utilize, the little bankrupt one is a perfect example of a tech company that should be worth several hundred dollars a share and is worth shit because they sell material processing units to semiconductor companies instead of the highest quality silicon wafers that they could make themselves with their tech if they knew some of the shit I know. The reason they are bankrupt is because they made a deal that didn't work out the way they expected it to and were forced to shutdown a huge expansion effort.

There is another thread on this forum about investing, to the extent that any guys here might be interested in what you do.

(06-27-2019, 03:22 PM)JayRothschild Wrote: Thanks for playing,

Genius

[img    https://i.imgur.com/QSxVt4km.jpg[/img]

[img   https://i.imgur.com/dgLgsEym.jpg[/img]

I don't understand your point with the pics.  Are you trying to create legitimacy through doxing?  Personal information is not necessary in these here parts, and actually could be frowned upon if you are trying to suggest that other guys need to provide personal information in order to be credible.  If that is your implication?
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