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What is the Biggest Hoax?

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What is the Biggest Hoax?

Poll ended Wed Sep 05, 2018 14:32  »  Voted by 33 members  »  Single-choice
6
18%
20
61%
7
21%

#1 by Charez » Thu Apr 19, 2018 07:08

Quote:Big Blockers are the Chiropractors or Bitcoin.

First you go in and they crack your neck and back.

3 sessions later they’re trying to sell you “vertebrae subluxation” pseudo science about how realignments cure you of all diseases.

Right now Bcash is kept alive by volatility trading bots...because no actual humans who are not brain dead could possibly swallow the sheer volume of excrement CSW produces.
It’s because they know raising the block limit as a scaling solution is bullshit and they must have other selling points established before the greater fool figures then out.
Last edited by Charez » Fri Apr 20, 2018 14:36 » edited 1 time in total
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#2 by BouldRake » Thu Apr 19, 2018 08:34

Meh. Neither is going to live forever. Ever increasing blockchains aren't a solution to scaling, but BTC doesn't have a solution either.

I use BCH, though I don't store it.

I store BTC, with an eye on cashing out at the next halving. If there's no peak around the next halving, then I dunno.

I have no faith in either for the long term. Short and medium term, perhaps, but not long term.
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#3 by Charez » Thu Apr 19, 2018 09:12

But as for now up to a third of Bitcoin traffic is estimated to be comprised solely of transaction signature data.
What about the Schnorr signatures protocol, because it can combine several transaction signatures in a single one.
Cryptographers consider the protocol as a very good way to securely sign data ( I don't say the best because I don't know)
Few Bitcoin dev. have the necessary skills to make it happens. Increasing the block size doesn't fix the problem.
I prefer by far listening Blockstream than Roger and his ridiculous arguments
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#4 by BouldRake » Thu Apr 19, 2018 09:49

The problem is the network, conceptually, relies on ever increasing computational power to process transactions. Someone alone in their bedroom with a Raspberry Pi can't take part as an equal with somebody in a datacentre with cheap/free electricity.

That means centralisation. It doesn't matter what the community wants, it doesn't matter how smart the developers are, it only matters what the miners want.

They've essentially reinvented banking. Sure, you can pay individual people with cash/bitcoin in a decentralised way, but it's the central banks/miners that control the real money.
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#5 by Charez » Thu Apr 19, 2018 10:32

Jihan and his company? His mining operations are more profitable than everyone else because of ASICBoost exploiting the transaction malleability bug, Bitcoin’s Segwit fixed, so of course, he couldn't be happy

Found this from Adam back, which is 3 years old
Adam Back Says the Bitcoin Fork Is a Coup - IEEE Spectrum
Quote:It should be clear to people from a computer science background that blockchains have some inherent limitation and you can’t expect—in a time when it’s reached maximum adoption, where everybody’s cup of coffee or internet transactions, all of the shares and derivative transactions—these things to all fit on a blockchain. We would be saturating the Internet at that point.

There has to be a balance, right? So, if you want to scale Bitcoin, that’s good. And everybody wants to scale Bitcoin. But you can’t scale Bitcoin by just changing the block size parameters to a gigabyte or something ridiculous. Because, what would happen if you did that now is almost nobody would be able to validate it to receive a transaction. And there would end up being one or a handful of miners in a data center. And at that point you may just as well switch the mining off and sign the transactions and call it PayPal or something.
Last edited by Charez » Thu Apr 19, 2018 10:41 » edited 1 time in total
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#6 by BouldRake » Thu Apr 19, 2018 11:44

Not any specific player - the fact that there are significant players at all. In a genuinely decentralised system, there are, by definition, no players.

But basically, what he said, yeah.
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#7 by adinkle » Thu Apr 19, 2018 14:30

The_Care_Bears wrote: Big Blockers are the Chiropractors or Bitcoin.

First you go in and they crack your neck and back. Those are not your CHIROPRACTORS!!!!!!

3 sessions later they’re trying to sell you “vertebrae subluxation” pseudo science about how realignments cure you of all diseases.

Right now Bcash is kept alive by volatility trading bots...because no actual humans who are not brain dead could possibly swallow the sheer volume of excrement CSW produces.
It’s because they know raising the block limit as a scaling solution is bullshit and they must have other selling points established before the greater fool figures then out.
[/quote]
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#8 by True-Democracy » Thu Apr 19, 2018 15:22

The Care Bears are the biggest hoax, the tv networks make you believe as if they're real but they're not ! Boy, was i fooled for many years, but i learned and got smarter, now i know they're a hoax. :o
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#9 by Charez » Fri Apr 20, 2018 09:17

We're real, you could find us for sale in every toys shop worldwide! We were so famous that you could find us in TV programs...

2018 we are back on track and aim to create the best cryptocurrency in the history: CareBearsCoin and the coin will be Hug. We're already in partnership with IBM, Microsoft, Barclays, HSBC and so on...
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#10 by Darkstar2 » Fri Apr 20, 2018 23:47

The only thing keeping BTC afloat are criminals ! Let's say things as they are..... The HYIP, online casinos and scams online have help boost its value and made people filthy rich. Eventually there will be a bubble and all this will come crashing down - People are going to lose big time - there is a sucker born every minute and as long as suckers keep fueling those btc scams online, they will stay alive, much like the bux site ponzi schemes kept alive by people who don't know any better.

Probably the biggest hoaxes out there belongs to the weight loss industry - what a bloody sham and disgrace of an industry rampant with snake oil and pill pushing merchants with their absolute ridiculous claims of fat burning this fat burning that, miracle weight loss miracle cure, miracle sh**. basically every garbage infomercial you see ont he telly is absolute and utter rubbish. and this industry accounts for billions of $, perhaps on par or even more than porn, with a close tie with the money making opportunity niche full of garbage and hype.
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#11 by Nikorj » Sat Apr 21, 2018 03:08

Gambling sites are a big problem and way too many are getting addicted from them, And way to many are completely unregulated and a direct scam.

80% of all Danish Tv-commercials consists of Gambling/betting sites and loan companies, You'll need them when all of your money is gone.

Most of the loan companies are of course off-shore hiding somewhere in Malta/cyprus, Raking in cash with an annual percentage rate of up to 500-600% (They are even completely legit), They should be banned as they are no better than the gambling sites.

And christ, There are so many of them.
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#12 by tasman1 » Sat Apr 21, 2018 03:51

Fake Governments
As one doctor from one European country [ I know him for 40 years ] told me ,,,, I did read law from ....... and it is 100% same as law in ......... , just a name of country changed
It is just one govt in the world , rest are fake just to make you happy and bright your illusion
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#13 by Charez » Sat Apr 21, 2018 08:42

Darkstar2 wrote: The only thing keeping BTC afloat are criminals ! Let's say things as they are..... The HYIP, online casinos and scams online have help boost its value and made people filthy rich. Eventually there will be a bubble and all this will come crashing down - People are going to lose big time - there is a sucker born every minute and as long as suckers keep fueling those btc scams online, they will stay alive, much like the bux site ponzi schemes kept alive by people who don't know any better.

Probably the biggest hoaxes out there belongs to the weight loss industry - what a bloody sham and disgrace of an industry rampant with snake oil and pill pushing merchants with their absolute ridiculous claims of fat burning this fat burning that, miracle weight loss miracle cure, miracle sh**. basically every garbage infomercial you see ont he telly is absolute and utter rubbish. and this industry accounts for billions of $, perhaps on par or even more than porn, with a close tie with the money making opportunity niche full of garbage and hype.

Not any decent criminal in his right mind would use Bitcoin.
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#14 by jjohnson777 » Sat Apr 21, 2018 11:12

Nikorj wrote: Gambling sites are a big problem and way too many are getting addicted from them, And way to many are completely unregulated and a direct scam.

80% of all Danish Tv-commercials consists of Gambling/betting sites and loan companies, You'll need them when all of your money is gone.

Most of the loan companies are of course off-shore hiding somewhere in Malta/cyprus, Raking in cash with an annual percentage rate of up to 500-600% (They are even completely legit), They should be banned as they are no better than the gambling sites.

And christ, There are so many of them.

That's usury and should be illegal. Only reason credit cards get away they got our top court to make it legal. So federal banks allowed to charge rates that against state laws. Just one more thing my government does that immoral its like they trying see all bad things do until people start saying I can no longer in good conscious pay my taxes. Here the bad loan places pay off tribes so they can hide behind tribal laws and tribal courts.
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#15 by Charez » Sat Apr 21, 2018 12:10

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#16 by jjohnson777 » Sat Apr 21, 2018 12:47

All that matters bitcoin going up again wish now did not cashout past few weeks oh well.
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#17 by Charez » Sat Apr 21, 2018 13:31

I am paid fully in Bitcoin, I can't afford to wait the price goes up because I need to eat and paid the bills. So I trade once a month a transfer to the bank.
:lol:
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#18 by jjohnson777 » Sat Apr 21, 2018 14:31

Well I happy I promoted bitcoin site few years ago. I enjoy the $5-10 my down-line earn me weekly. Its increasing as it now only thing got to promote from millions of traffic exchange credits got.
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#19 by Darkstar2 » Mon Apr 23, 2018 02:45

The_Care_Bears wrote:
Darkstar2 wrote: The only thing keeping BTC afloat are criminals ! Let's say things as they are..... The HYIP, online casinos and scams online have help boost its value and made people filthy rich. Eventually there will be a bubble and all this will come crashing down - People are going to lose big time - there is a sucker born every minute and as long as suckers keep fueling those btc scams online, they will stay alive, much like the bux site ponzi schemes kept alive by people who don't know any better.

Probably the biggest hoaxes out there belongs to the weight loss industry - what a bloody sham and disgrace of an industry rampant with snake oil and pill pushing merchants with their absolute ridiculous claims of fat burning this fat burning that, miracle weight loss miracle cure, miracle sh**. basically every garbage infomercial you see ont he telly is absolute and utter rubbish. and this industry accounts for billions of $, perhaps on par or even more than porn, with a close tie with the money making opportunity niche full of garbage and hype.

Not any decent criminal in his right mind would use Bitcoin.

Are you sure about that ? Because the whole HYIP industry as we know it has survived thanks to BITCOIN, it is now a standard in HYIP / ponzi scheme world now, majority of those ponzi sites now use bitcoin, including the fraudulent casions that claims to be a fair casino, which some of you might know which belongs to a site that was started by Richard O'Neil. Oh and not to mention his other criminal sites where he scammed for several millions of $ in Bitcoins. Perfect Money and Bitcoin are keeping the HYIP industry afloat. Back in the days it was Liberty Reserve / AlertPay /Payza / EGO PAY. Remove PerfectMOney and Bitcoin, and a lot of scams online will struggle.
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#20 by Charez » Mon Apr 23, 2018 12:00

HYIPs died slowly years back after Genius Fund fiasco. 99.99% of people in crypto don't even know what is an HYIP, nor where to find one. Bitcoin is not anonymous, criminals use "privacycoins".
Less than 1% of the total transaction is used for illegal activities, to compare with, $100 billion per year is draining the illegal substances market in the USA alone. Not even counting worldwide with all shady businesses
As for casinos, I don't know about it so can't really talk about but I have been in once, and the "set up" look like a scam to me.
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