WelcomeWelcome | FAQFAQ | DownloadsDownloads | WikiWiki

Author Topic: bitcoin  (Read 1798 times)

Offline cast-fish

  • Hero Member
  • *****
  • Posts: 1000
  • hi there
bitcoin
« on: October 23, 2014, 09:52:16 PM »
 That new "Bitcoin" currency is simply somebody selling "data"
and calling it a "virtual currency" coin.

So a "bitcoin" is one data unit or "Bitcoin" word. This is missleading using the word.... 'bit" ....because it's not any "part of" anything. The false coin is ONE unit, no parts.

The term "bit" is also misleading in relation to it maybe being computer related?. It is non of the sort and is mearly a word they chose to use. It's just 'data" and a word....."bitcoin".....

So, if you like, people have just shrowded, the real goings on
of the fact they just dreamed up a new currency which isn't
a currency at all because it does not exist. That makes it a "virtual
currency" and guess what....you got it...."virtual currency's"
don't exist.

The way they make profit from you is they take REAL money from you and give you back some information
only in the form of a "Group of unit words" = 50 Bitcoin(s).

"We the bitcoin organisation
( "bitcoin" ) are telling you that your real money we "like"
and we are telling you that this information we sell you ...... ***we give value*** to that information called the BITCOIN word.....this is what you have to listen to and it is worth what *we* say it is worth.

All the traders who signed up with BITCOIN us also "agree" that
our "one word of data" the "bitcoin' they also recognize as
having value attached to it. (which if course, it does not...it's
just data. PopcornDARTS = i say is worth twenty bucks.

The shrowding of this inside the world wide web as "vapour
information' is just what it is. It never existed, never will exist
and does not have any value at all....

There are many ways they say you can "buy" bitcoins they say
and you can using real cash, (some "bc" ATM machines)
and the normal way to buy them is simply from installing
the Program on your PC and getting a purchase of bitcoins if you
offer up some of your computers "processing power" for the program to grasp for a set period of time. That's the deal.

Global people who have the system installed can
put the program to chat to other similar people with
the copy of the program. THey can "exchange" bitcoins which
isn't the same as buying them.

and on it goes

The idea of gathering wasted technology resources is absolutely fantastic...but it's not clear what's done with the processing power
.......where-as other ideas like this gather the internet cloud processing power and study weather and make good effect with it

that's my 2 bitcoins worth.......there

Vince
« Last Edit: October 23, 2014, 09:58:31 PM by cast-fish »

Offline gadget42

  • Sr. Member
  • ****
  • Posts: 420
Re: bitcoin
« Reply #1 on: February 05, 2022, 03:45:54 AM »
with reference to bitcoin, cryptocurrency, ethereum, nft, etc.

https://arstechnica.com/information-technology/2022/02/how-323-million-in-crypto-was-stolen-from-a-blockchain-bridge-called-wormhole/

also, a current forum search for "bitcoin" returns 12 results(including this thread)

so perhaps tinycore folks are not easily taken by all the smoke and mirrors of modern money theory(and all paper/digital/etc monies)...lol

also see:
https://quotesonfinance.com/quote/38/voltaire-paper-money

Voltaire:
 Paper money eventually returns to its intrinsic value: zero.

or perhaps you'd rather reference the Matrix(there is no spoon):
https://www.youtube.com/watch?v=uAXtO5dMqEI

20220205-0602am-modified: searched for "wallstreet" and added this forum link:
http://forum.tinycorelinux.net/index.php/topic,24088.msg154112.html#msg154112

sharing is caring
« Last Edit: February 05, 2022, 04:02:00 AM by gadget42 »
The fluctuation theorem has long been known for a sudden switch of the Hamiltonian of a classical system Z54 . For a quantum system with a Hamiltonian changing from... https://forum.tinycorelinux.net/index.php/topic,25972.msg166580.html#msg166580

Offline vinceASPECT

  • Hero Member
  • *****
  • Posts: 646
Re: bitcoin
« Reply #2 on: February 06, 2022, 03:13:48 AM »
HEllo Right  ,

Bitcoin.

Radio state(s) that is always is potential for collapse of it  Crypto. currency.

The Nasdaq and international markets use much e-commerce equipment for MINING farms
and it's got to be expensive right   (too much)

There are such things as intentional and extensional robots and autonomous trading systems
gaining traktion on global market(s)

It's large scale usage of eCommerce equipment financial trading markets of the globe.

search  results engine(S) .....

Don't understand the technology.  Blockchain(s).

Thx
C.

ps

https://en.wikipedia.org/wiki/Bitcoin
« Last Edit: February 06, 2022, 06:03:39 AM by Rich »

Offline gadget42

  • Sr. Member
  • ****
  • Posts: 420
Re: bitcoin
« Reply #3 on: June 16, 2022, 12:02:44 AM »
 Bill Gates Says Crypto and NFTs Are a Sham, '100% Based on Greater Fool Theory'

https://tech.slashdot.org/story/22/06/15/1720218/bill-gates-says-crypto-and-nfts-are-a-sham-100-based-on-greater-fool-theory

see previous thread posts for additional info
The fluctuation theorem has long been known for a sudden switch of the Hamiltonian of a classical system Z54 . For a quantum system with a Hamiltonian changing from... https://forum.tinycorelinux.net/index.php/topic,25972.msg166580.html#msg166580

Offline tacpilot

  • Newbie
  • *
  • Posts: 30
Re: bitcoin
« Reply #4 on: June 16, 2022, 06:08:23 AM »
Gates is a criminal who's motivations are never in your best interests.

Collecting art or even baseball cards is not for me. However, there is
a massive industry around collectibles. An investment industry has
evolved around crypto. So much so, brick and mortar banking institutions
are climbing on board with their own versions.

Buying a lottery ticket is a gamble and only a handful win .. Yet is a trillion
dollar business. As long as some people actually do strike it rich, that
industry will only grow.
Never limit your creativity by the imagination of others.