LTC/BTC ratio dropping with this rise.
Hopefully it dips under 0.020
Hopefully it dips under 0.020
BITCON... WHY its totally FLAWED
- Thread starter 1for1
- Start date
pro$pector
New Member
willrocks said:
Took them over 7 days just to "validate" my ANZ account to enable the $1000 per day withdrawls.
Who knows how long processing to "trusted" status will take!
willrocks said:
I also need to get that organised, the trusted status.
Now is a good time while things are slow.
Also thought if the Yubi key, but my understanding is that if you lose it, you won't be able to reset your password?
Do you know if you can have 2 Yubi keys? So that you can store one in the deposit box or something.
Took almost exactly 24hrs to get from my bank account to Mt.Gox - not bad!RetardedMonkey said:
pro$pector
New Member
RetardedMonkey said:
Nice to hear, so your just internet transferred to Technocash, they took 3.95% then deposited the rest to your Gox account?
Yep.pro$pector said:
Luckily my account is Bankwest and so is Technocash, so the money would have been instantly visible in their account - just needed to be processed to Gox I assume.
I'm going ok, hanging in there understanding most of the conversation, and then!!!! Wham!!!!!!!!!!
Followed by:
"validated", "verified", "Yubi keys", "lost Yubi keys" and then "Technocash"?????????????????????
And this system is supposed to be more Libertarian and will be accessible to all and eventually willingly adopted by the whole world?
Of course. (insert sarcasm smiley) (insert member of older generation flag).
I wonder where that goat-herder Jamal's nearest Notary Public is in Gobustan, Azerbaijan? Shouldn't be too hard for him to find one, just use his iPhone and type in www.azerbaijanlookup.com I suppose. Then all he has to do is take his birth certificate, driver's license and utility bill in to prove who he is.
Topic reminder: Bitcoin...Why it is totally flawed.
Followed by:
"validated", "verified", "Yubi keys", "lost Yubi keys" and then "Technocash"?????????????????????
And this system is supposed to be more Libertarian and will be accessible to all and eventually willingly adopted by the whole world?
Of course. (insert sarcasm smiley) (insert member of older generation flag).
I wonder where that goat-herder Jamal's nearest Notary Public is in Gobustan, Azerbaijan? Shouldn't be too hard for him to find one, just use his iPhone and type in www.azerbaijanlookup.com I suppose. Then all he has to do is take his birth certificate, driver's license and utility bill in to prove who he is.
Topic reminder: Bitcoin...Why it is totally flawed.
Except willrocks, you guys are going to extraordinary trouble to deal in something that should be as easy as handing over a $20 note - and it's obviously not.
Flawed.
Flawed.
willrocks said:
And they are virtually anonymous now?
Hang on, I thought they were anonymous?????? How can you have degrees of anonymity. You're either anonymous or you're not??? Strange. Maybe technological anonymity is like an old corrugated iron rainwater tank (which you used to be able to buy with paper notes), after a while it rusts and leaks and you end up losing your water.
Conversation with self:
shiney!1: Hey dickhead, would you rather have virtual anonymity or real anonymity?
shiney!2: What do you mean? Just like virtual sex and real sex?
:lol:
pro$pector
New Member
I don't know why this shiney fellow even gets out of bed in the morning!
Prospector, can you tell me when to get out of BTC this time? I want to sell at top and buy back in 
willrocks said:
Actually it's not, because I don't need any technology to complete the transaction, but I understand your point there, especially if you are not face-face.
pro$pector said:
Because the staff in my Nursing home make me. Goddamm bitches!!!!!
willrocks said:
So it's not guaranteed anonymous, thank you. And by "virtually" I assume you mean capable with today's current technology?
By the way, how can bank notes be traced back if there is no register of ownership to begin with?
Not sure if you're trolling (you probably are haha), but I'll bite anyway.mmm....shiney! said:
Handing over a $20 is easy (you give it to me)
Handing over 20 BTC is easy (I enter a wallet address)
Think of this more like a bank account, you need ID to open an account, you need to enter codes to retrieve money from the ATMs provided by banks.
Same concept with BTC - except it's all done online.
RetardedMonkey said:
See the problem with you young people Monkeyboy is, you all, and I mean all of you, immediately label any online criticism as trolling. We older people are not so quick to tar everyone and everything with the same brush. We never make gross generalisations. Ever.
On a more serious note, explaining Bitcoins' reliance on technology by comparing it to the very fragile system we currently operate under eg ATM's is not going to convince me. So my point? Unless you can convince people Bitcoins is a move forward, then the only way it can be introduced as a general form of currency is by coercion. Which is naughty.
Of course, if there were alternatives and Bitcoins were one of them, and cold hard cash were another, then that would be a good move.
willrocks said:
I would hazard a guess that the complexities of those technologies you listed vary greatly. The more complex a technology is, the more parts make the whole, and therefore the more reliance there is upon all those parts working faultlessly.
willrocks said:
but you said virtually anonymous before, I was just picking up on that.
And yes bank robberies have been traced with serial numbers, but they can't do it if the note is general circulation and you buy a crumbed steak.
Gotta to go to work and annoy young people.