Any laser beam eyed mofos wanna defend bitcoin denominated HSE ransomware attack?

AndrewJRenko · 15-05-2021 06:30PM

banie01 wrote: »

the off ramps required to turn that bitcoin back into fiat are also traceable.

But if they choose not to turn it back into fiat, and use it directly to buy drugs, for example, or weapons, or other contraband, that is not traceable.

An Ri rua · 15-05-2021 06:32PM

bankboucy wrote: »

I covered this already - but guess falling back on progress & technology improvement as an argument is the tried and tested crypto speaking point. Opponents dont have valid points - they're just luddites......opponents to the electric light bulb if allowed?

I'll say it one more - bitcoin improves what exactly? We already have a currency that exists physically and digitally......widely accepted.....superior store of wealth with less volitality.....cheaply stored.....cheaply transacted.....

You're coming across as quite clueless, to be honest, as to the defining features of money, currency etc.
Bitcoin is finite. Fiat currency is not..Fiat currency is most certainly not a store of wealth. If you truly believe it is, contact me by pm, have your solicitor contact mine, we'll draw up a contract, you loan me €5000 and I'll give it back to you with 5%pa over the next 5 years. Sure you'll have that interest AND the currency inherent value will have increased.
Which of the heavy showers today did you come down in?
If you don't understand our current financial system, and that it's as reliable as a cheap parlour trick, you need to get off the internet and do some reading 101.
Btw I'm a silver and goldbug. Though I'll most certainly buy into BtC and Ethereum once they take their full medicine when the incoming liquidity crisis hits. And it will.

bankboucy · 15-05-2021 06:41PM

An Ri rua wrote: »

You're coming across as quite clueless, to be honest, as to the defining features of money, currency etc.
Bitcoin is finite. Fiat currency is not..Fiat currency is most certainly not a store of wealth. If you truly believe it is, contact me by pm, have your solicitor contact mine, we'll draw up a contract, you loan me €5000 and I'll give it back to you with 5%pa over the next 5 years. Sure you'll have that interest AND the currency inherent value will have increased.
Which of the heavy showers today did you come down in?
If you don't understand our current financial system, and that it's as reliable as a cheap parlour trick, you need to get off the internet and do some reading 101.
Btw I'm a silver and goldbug. Though I'll most certainly buy into BtC and Ethereum once they take their full medicine when the incoming liquidity crisis hits. And it will.

Clueless....your being myopic.....Bitcoin is finite.........he says as if its the one coin to rule them all.....when literally 1000's of coins have been created to compete with Bitcoin......go over to coinmarketcap.....and see how finite Bitcoin like coins with the same utlility are........indeed someone in this thread suggested Monero as an improved 'better bitcoin' for anonymous transactions.....

KyussB · 15-05-2021 06:46PM

Bitcoin only has value until the day world governments ban it for e.g. facilitating massive ransomware money transfers targeting governments, that would get blocked by regular currency/financial systems, because of basic anti-fraud enforcement (enforcement that is impossible for Bitcoin to do).

Actual governments are now being targeted with Bitcoin-denominated ransoms, guys. The same governments with the power to ban Bitcoin. Bitcoin's days are numbered.

banie01 · 15-05-2021 06:49PM

bankboucy wrote: »

Yes huddle together - tell each other your right....dont listen to outsiders.....all criticism is bad/unfounded.....others dont understand.....luddites......"they" just dont get it.....

If you cant hold your hand up and say that yes it is a superior currency for kidnappers & extortionists and admit that openly and without question BUT however go on to say that it improves the lot of human civilization in aggregate because of x, y, z reason. Thats a basis for a conversation.

It's an easier means of exchange as it can be transferred immediately.
But without an offramp to fiat, the kidnapping extortionists or whatever are still left with a highly traceable set of 1s and 0s that when moved, transferred or exchanged to Fiat expose the recipient.

Does cash do that?
What currency would a criminal prefer to be paid in?
Something that needs engagement with financial service providers who have KYC requirements?
Or immediate cash, precious metals, diamonds?

Even if the transaction is bounced multiple times before finally been exchanged for fiat?
Each exchange is a link back to the perpetrator.

With cash?
Same thing is possible, but they can spend it far easier, far quicker.

What currency improves the world?
Bitcoin, crypto of any kind isn't a panacea.
It does however offer people an alternative to inflationary monetary policies, immediate means of exchange and control of a currency that acts as a huge hedge against inflation.

It can be readily argued that despite the mania phase of crypto.
It offers a far more robust protection of wealth than any other asset.

It is now regarded as an asset class of its own, with derivatives, futures and option aswell as just the pesky criminal funds.
The current market cap of BTC is $1.1trillion with investment from institutional, banking and other investment arms.

As for conversation and debate?
Many here would be only too happy to do that with you.
To outline the benefits and security that Blockchain can bring and its potential to share work, delineate and enable mass nodes and giant computing power.

That's not a conversation that starts with an accusation, a dismissal and bitcoin bad.

bankboucy · 15-05-2021 07:00PM

KyussB wrote: »

Bitcoin only has value until the day world governments ban it for e.g. facilitating massive ransomware money transfers targeting governments, that would get blocked by regular currency/financial systems, because of basic anti-fraud enforcement (enforcement that is impossible for Bitcoin to do).

Actual governments are now being targeted with Bitcoin-denominated ransoms, guys. The same governments with the power to ban Bitcoin. Bitcoin's days are numbered.

If one take away for the peeps in here holding significant portions of their net worth in BTC and alternatives.......right now......read the above slowly....its exactly right

There is a meaningful and material increase in the probability distribution that has occurred in the last seven days that the European Union and the United States of America + its allies in the G7/G8.....come together and take a f*cking wrecking ball to this 'space' in the next 12 months...on foot of Colonial & Ireland hack

dxhound2005 · 15-05-2021 07:04PM

banie01 wrote: »

I

What currency improves the world?
Bitcoin, crypto of any kind isn't a panacea.
It does however offer people an alternative to inflationary monetary policies, immediate means of exchange and control of a currency that acts as a huge hedge against inflation.

Are you saying that crypto is responsible for the low inflation rates of the last couple of decades? Low rates except the very high inflation of crypto prices in fiat.

massdebater · 15-05-2021 07:06PM

bankboucy wrote: »

Currency controlled by central authorities - like the same authorities that try to stop extortion, kidnapping, murder, child porn......the authorities that are accountable to you the citizen...the same authorities you'd call when someone was breaking into your house.........and thats a bad thing?

Fees!!! Dont make me laugh - have you looked at Coinbase fees? USDT transacting fees & conversion leakage......CeFi could only dream of the fee fest available in crypto world right now.....intermediaries in cypto world are killing it on fees. That gave me a good laugh that one.

Yes, those same authorities. Well, most of them, I don't call the bank if my house is being broken into. I think you're focusing on the criminal side of it too much, thinking this only related to crypto. Criminality exists where it can. Would you get rid of the entire internet because some sites on there are scams?

I don't use coinbase because the fees are pretty high but you're probably talking about eth gas fees which are famously high right now. Solutions are being worked on for this and there are plenty of alternatives in the meantime. I sent $50 worth of crypto to friends in Australia last week to get drinks for their bday and it cost me about $0.40 and was there in a couple of mins. With my bank, that would've cost me plenty more than that and taken close to a week

Banks are woefully inefficient because they've been around so long and haven't needed to improve. The world has moved on from things only being available mon-fri during "business hours". Blockchain technology is giving us a vastly superior system.

I'm not having a go at you personally, I probably had similar thoughts before I learned about it more

MrMusician18 · 15-05-2021 07:06PM

banie01 wrote: »

It's an easier means of exchange as it can be transferred immediately.
But without an offramp to fiat, the kidnapping extortionists or whatever are still left with a highly traceable set of 1s and 0s that when moved, transferred or exchanged to Fiat expose the recipient.

Does cash do that?
What currency would a criminal prefer to be paid in?
Something that needs engagement with financial service providers who have KYC requirements?
Or immediate cash, precious metals, diamonds?

Even if the transaction is bounced multiple times before finally been exchanged for fiat?
Each exchange is a link back to the perpetrator.

With cash?
Same thing is possible, but they can spend it far easier, far quicker.

What currency improves the world?
Bitcoin, crypto of any kind isn't a panacea.
It does however offer people an alternative to inflationary monetary policies, immediate means of exchange and control of a currency that acts as a huge hedge against inflation.

It can be readily argued that despite the mania phase of crypto.
It offers a far more robust protection of wealth than any other asset.

It is now regarded as an asset class of its own, with derivatives, futures and option aswell as just the pesky criminal funds.
The current market cap of BTC is $1.1trillion with investment from institutional, banking and other investment arms.

As for conversation and debate?
Many here would be only too happy to do that with you.
To outline the benefits and security that Blockchain can bring and its potential to share work, delineate and enable mass nodes and giant computing power.

That's not a conversation that starts with an accusation, a dismissal and bitcoin bad.

It simply would not be possible to extort the likes of €50m (a figure I saw mentioned by a cyber security expert of the likely ransom size the HSE could be facing) from a government with traditional methods of money transfer.

This argument feels very similar to gun control in the US. Guns dont kill people, people do. Crypto doesn't cause ransoms, criminals do. But take guns and crypto out of the equation and the problem becomes far more manageable.

Western states cannot allow this to continue. They've moved into health services, next it will be water and power. Imagine the havoc it would've caused if a similar attack had taken place on eirgrid?

Time to end this nonsense. The great thing about crypto is that it depends on a handful of manufacturers. Force them to put crypto locks in their hardware to increase the price of mining whilst taking market measures to reduce the value of crypto and the whole house of cards collapses.

banie01 · 15-05-2021 07:11PM

dxhound2005 wrote: »

Are you saying that crypto is responsible for the low inflation rates of the last couple of decades? Low rates except the very high inflation of crypto prices in fiat.

I am at a loss as to how you'd infer that from what I said?

Crypto has no effect on inflation, but the effect of BTC's rise in price over the 12yrs it's been extant (hardly decades?) Is a function of speculation, adoption and deflation of fiat purchasing power/inflation.
Crypto IMO has no relationship to Fiat inflation or indeed the deflation inherent in fiat currency.

Crypto is an asset (BTC), a speculative store of value and means of exchange who's value versus Fiat over the course of its history to date is clearly a hedge against both inflation of prices and deflation of fiat.

The purchasing power of $ invested in BTC in 2009 is an order of magnitude greater than the same $ left in a bank account.

dxhound2005 · 15-05-2021 07:15PM

banie01 wrote: »

I am at a loss as to how you'd infer that from what I said?

Crypto has no effect on inflation, but the effect of BTC's rise in price over the 12yrs it's been extant (hardly decades?) Is a function of speculation, adoption and deflation of fiat purchasing power/inflation.
Crypto IMO has no relationship to Fiat inflation or indeed the deflation inherent in fiat currency.

Crypto is an asset (BTC), a speculative store of value and means of exchange who's value versus Fiat over the course of its history to date is clearly a hedge against both inflation of prices and deflation of fiat.

The purchasing power of $ invested in BTC in 2009 is an order of magnitude greater than the same $ left in a bank account.

Something has kept inflation generally low for a long time. I thought you were claiming that low inflation (which has to be measured in fiat values) is something which crypto can cause.

bankboucy · 15-05-2021 07:22PM

banie01 wrote: »

I am at a loss as to how you'd infer that from what I said?

Crypto has no effect on inflation, but the effect of BTC's rise in price over the 12yrs it's been extant (hardly decades?) Is a function of speculation, adoption and deflation of fiat purchasing power/inflation.
Crypto IMO has no relationship to Fiat inflation or indeed the deflation inherent in fiat currency.

Crypto is an asset (BTC), a speculative store of value and means of exchange who's value versus Fiat over the course of its history to date is clearly a hedge against both inflation of prices and deflation of fiat.

The purchasing power of $ invested in BTC in 2009 is an order of magnitude greater than the same $ left in a bank account.

The tulip bulb buyers in Amsterdam said the same thing in the 1600's

banie01 · 15-05-2021 07:23PM

MrMusician18 wrote: »

It simply would not be possible to extort the likes of €50m (a figure I saw mentioned by a cyber security expert of the likely ransom size the HSE could be facing) from a government with traditional methods of money transfer.

This argument feels very similar to gun control in the US. Guns dont kill people, people do. Crypto doesn't cause ransoms, criminals do. But take guns and crypto out of the equation and the problem becomes far more manageable.

Western states cannot allow this to continue. They've moved into health services, next it will be water and power. Imagine the havoc it would've caused if a similar attack had taken place on eirgrid?

Time to end this nonsense. The great thing about crypto is that it depends on a handful of manufacturers. Force them to put crypto locks in their hardware to increase the price of mining whilst taking market measures to reduce the value of crypto and the whole house of cards collapses.

Bearer bonds, gold, precious metals, gemstones, even funds transferred thru intermediate banks to banks outside the scope of US or EU sanctions, funds transfer to blind trusts or even something as simple as transferring shares to a new Crest account.

There are a myriad means of portable wealth, all quickly delivered and capable of being used to pay for ransom.

Focusing on Bitcoin as the flaw in the system?
Comparing it to Gun Control?
Fúcking hell, I have seen some hyperbolic reaches iny time but that is a doozy!

What next?
Close PayPal down because Mary transferred money to her catfish boyfriend?
Eliminate phones? Because without them there can be no cold call fraud?

Yes there are issues, and regulation will grow.
But much as happened when banks adopted the fractional reserve, when wire transfers became a matter of trust rather than transferring physical wealth, when internet banking allowed consumers to do the same...
The world will catch up.

banie01 · 15-05-2021 07:24PM

bankboucy wrote: »

The tulip bulb buyers in Amsterdam said the same thing in the 1600's

Do you have anything of substance to add other than rehashed tropes and stereotypes?

An original thought or opinion maybe?

banie01 · 15-05-2021 07:30PM

dxhound2005 wrote: »

Something has kept inflation generally low for a long time. I thought you were claiming that low inflation (which has to be measured in fiat values) is something which crypto can cause.

No, not a claim I'd make.
Loose Monetary policy has IMO played a large role in that.
That"s still within the remit of government and central banks rather than nutters on the internet

so far as I know.

Quantitative easing and the adoption of fiscal laissez faire versus strict monetary policy have far more to with the state of Fiat IMO.
Draghi, Bernanke and Lagarde all have a role in that and we are reaping the aftermath of the last financial crisis whilst staring down the barrel of the next one IMO.

bankboucy · 15-05-2021 07:35PM

banie01 wrote: »

Do you have anything of substance to add other than rehashed tropes and stereotypes?

An original thought or opinion maybe?

Just because its an oldie but goodie......doesn't make it incorrect or wrong or not analogous to situation.....to dismiss it so pithily suggests an unwillingness to engage in meaningful thinking around it........what your experiencing my friend is called cognitive dissonance.......it is easier to dismiss

But to help - here's a snipet from the web:

In 1634, tulipmania swept through Holland. "The rage among the Dutch to possess [tulip bulbs] was so great that the ordinary industry of the country was neglected, and the population, even to its lowest dregs, embarked in the tulip trade." A single bulb could be worth as much as 4,000 or even 5,500 florins - since the 1630's florins were gold coins of uncertain weight and quality it is hard to make an accurate estimation of today's value in dollars, but Mackay does give us some points of reference: among other things, 4 tuns of beer cost 32 florins. That's around 1,008 gallons of beer - or 65 kegs of beer. A keg of Coors Light costs around $90, and so 4 tuns of beer ≈ $4,850 and 1 florin ≈ $150. That means that the best of tulips cost upwards of $750,000 in today's money (but with many bulbs trading in the $50,000 - $150,000 range). By 1636, the demand for the tulip trade was so large that regular marts for their sale were established on the Stock Exchange of Amsterdam, in Rotterdam, Harlaem, and other towns.

It was at that time that professional traders ("stock jobbers") got in on the action, and everybody appeared to be making money simply by possessing some of these rare bulbs. Indeed, it seemed at the time that the price could only go up; that "the passion for tulips would last forever."

My guess is were at about 1636 right now - Coinbase listed and all has a nice ring to it

dxhound2005 · 15-05-2021 07:36PM

banie01 wrote: »

No, not a claim I'd make.
Loose Monetary policy has IMO played a large role in that.
That"s still within the remit of government and central banks rather than nutters on the internet so far as I know.

Quantitative easing and the adoption of fiscal laissez faire versus strict monetary policy have far more to with the state of Fiat IMO.
Draghi, Bernanke and Lagarde all have a role in that and we are reaping the aftermath of the last financial crisis whilst staring down the barrel of the next one IMO.

Maybe crypto will solve the recurring phenomenon of crisis/crash/depression/recession/slump or whatever people want to call it. There has been 47 of those in America. The fault is in the language about something which is normal. What people never seem to define is the "recovery" they are always after. Nobody seems to be able to identify the economic condition of some past golden age that we should get back to. Because that is also a fault of the language being used.

banie01 · 15-05-2021 07:39PM

bankboucy wrote: »

Just because its an oldie but goodie......doesn't make it incorrect or wrong or not analogous to situation.....to dismiss it so pithily suggests an unwillingness to engage in meaningful thinking around it........what your experiencing my friend is called cognitive dissonance.......it is easier to dismiss

But to help - here's a snipet from the web:

In 1634, tulipmania swept through Holland. "The rage among the Dutch to possess [tulip bulbs] was so great that the ordinary industry of the country was neglected, and the population, even to its lowest dregs, embarked in the tulip trade." A single bulb could be worth as much as 4,000 or even 5,500 florins - since the 1630's florins were gold coins of uncertain weight and quality it is hard to make an accurate estimation of today's value in dollars, but Mackay does give us some points of reference: among other things, 4 tuns of beer cost 32 florins. That's around 1,008 gallons of beer - or 65 kegs of beer. A keg of Coors Light costs around $90, and so 4 tuns of beer ≈ $4,850 and 1 florin ≈ $150. That means that the best of tulips cost upwards of $750,000 in today's money (but with many bulbs trading in the $50,000 - $150,000 range). By 1636, the demand for the tulip trade was so large that regular marts for their sale were established on the Stock Exchange of Amsterdam, in Rotterdam, Harlaem, and other towns.

It was at that time that professional traders ("stock jobbers") got in on the action, and everybody appeared to be making money simply by possessing some of these rare bulbs. Indeed, it seemed at the time that the price could only go up; that "the passion for tulips would last forever."

My guess is were at about 1636 right now - Coinbase listed and all has a nice ring to it

You could have just said no

banie01 · 15-05-2021 07:47PM

dxhound2005 wrote: »

Maybe crypto will solve the recurring phenomenon of crisis/crash/depression/recession/slump or whatever people want to call it. There has been 47 of those in America. The fault is in the language about something which is normal. What people never seem to define is the "recovery" they are always after. Nobody seems to be able to identify the economic condition of some past golden age that we should get back to. Because that is also a fault of the language being used.

As I said in earlier post, I don't think Crypto is a panacea.
I'd love to imagine that the boom/bust cycle of the capitalist model could be fixed.
I don't think it can be, and certainly not by crypto.

There are things ongoing in the Equities market at present that could well explode and lead to huge systemic issues
Naked shorts, Failures to deliver and wash trading to deflate fair prices.
If these things are happening, and the 1st inkling that they are is the current goings on in GME and AMC.
If the research by Reddit and the anti-hedge fund crew is to be believed.
Synthetic/fake shares are being traded and price suppression is rampant, the number of shares voted in GMEs upcoming AGM will be watched carefully.

The funny thing regarding this however?
Is that the issuance, lending and hypothetication of company shares is a prime example of a usecase for Blockchain.
Very hard to create synthetic shares from an immutable Blockchain, it could be easily used to validate trades,transactions and eliminate dark pool wash trading.

MrMusician18 · 15-05-2021 07:48PM

banie01 wrote: »

Bearer bonds, gold, precious metals, gemstones, even funds transferred thru intermediate banks to banks outside the scope of US or EU sanctions, funds transfer to blind trusts or even something as simple as transferring shares to a new Crest account.

There are a myriad means of portable wealth, all quickly delivered and capable of being used to pay for ransom.

Focusing on Bitcoin as the flaw in the system?
Comparing it to Gun Control?
Fúcking hell, I have seen some hyperbolic reaches iny time but that is a doozy!

What next?
Close PayPal down because Mary transferred money to her catfish boyfriend?
Eliminate phones? Because without them there can be no cold call fraud?

Yes there are issues, and regulation will grow.
But much as happened when banks adopted the fractional reserve, when wire transfers became a matter of trust rather than transferring physical wealth, when internet banking allowed consumers to do the same...
The world will catch up.

All other technological progress has had some form of positive utility. Phones, yes can be used for crime but in the main they are used for communication generally and for the betterment of everyone. Crypto exists as a speculative asset primarily and as a criminal payments system. That's it. It has practically no utility for the general population, communities or society. If crypto was banned in the morning, life wouldn't change, if phones were there would be huge upheaval.

There is simply here a complete failure to recognise that the existence of a criminal payments system is making extortion crimes easier and more profitable. It would not have been possible to demand a ransom from the HSE without crypto.

While we cannot stop all extortion, we can make it unprofitable. We can start by dismantling crypto. When you start ransoming the institutions that have the power to ban you, that's when the music stops.

Rob2D · 15-05-2021 08:44PM

MrMusician18 wrote: »

It has practically no utility for the general population, communities or society.

Please for all our sake, go and educate yourself on blockchain technology before you post here any further. You are just embarassing yourself at this point.

And I would say the same to bankbouchy. Also learn what money is and it's history. Especially the rise of banking and how the last couple hundred years have been ravaged by it. By flaunting your BOI shares you are effectivly showing you have sided with the greatest criminals humanity has ever known.

Once upon a time it used to be rock n roll, then videogames, then the internet. Today it seems, crypto is in the hotseat. And that too shall pass. It will be improved. Things will get better. Some clowns are using it now to extort a quick buck. And there will surely be more bumps in the road.

But it is a step in the right direction.

bankboucy · 15-05-2021 09:04PM

Rob2D wrote: »

Please for all our sake, go and educate yourself on blockchain technology before you post here any further. You are just embarassing yourself at this point.

And I would say the same to bankbouchy. Also learn what money is and it's history. Especially the rise of banking and how the last couple hundred years have been ravaged by it. By flaunting your BOI shares you are effectivly showing you have sided with the greatest criminals humanity has ever known.

Once upon a time it used to be rock n roll, then videogames, then the internet. Today it seems, crypto is in the hotseat. And that too shall pass. It will be improved. Things will get better. Some clowns are using it now to extort a quick buck. And there will surely be more bumps in the road.

But it is a step in the right direction.

I LOVE blockchain- I hate Bitcoin…..it’s possible for both these things to be true. No?

MrMusician18 · 15-05-2021 09:11PM

Rob2D wrote: »

Please for all our sake, go and educate yourself on blockchain technology before you post here any further. You are just embarassing yourself at this point.

And I would say the same to bankbouchy. Also learn what money is and it's history. Especially the rise of banking and how the last couple hundred years have been ravaged by it. By flaunting your BOI shares you are effectivly showing you have sided with the greatest criminals humanity has ever known.

Once upon a time it used to be rock n roll, then videogames, then the internet. Today it seems, crypto is in the hotseat. And that too shall pass. It will be improved. Things will get better. Some clowns are using it now to extort a quick buck. And there will surely be more bumps in the road.

But it is a step in the right direction.

Did I say the Blockchain had no use? I didn't. I said crypto has only use as a speculative asset and a payments system for criminals. These are the two major uses for cryptocurrency currently, isn't that correct? Wonderful for society :rolleyes:

That said, the blockchains promised far more than its actually delivered. Had to laugh at the transcript verified by ETH on the previous page. You had to log into the school portal to verify anyway, making ETH aspect essentially redundant.

Rock and roll or videogames never had a role in holding a country to ransom btw.

HGVRHKYY · 15-05-2021 09:21PM

bankboucy wrote: »

The tulip bulb buyers in Amsterdam said the same thing in the 1600's

And we've come full circle, from 2017, when the tulip mania comparisons were being thrown out. Very original!

banie01 · 15-05-2021 09:22PM

HGVRHKYY wrote: »

And we've come full circle, from 2017, when the tulip mania comparisons were being thrown out. Very original!

I think I 1st saw those comparisons for BTC in 2011/12 and for Irish Property in 2005

bankboucy · 15-05-2021 09:24PM

HGVRHKYY wrote: »

And we've come full circle, from 2017, when the tulip mania comparisons were being thrown out. Very original!

Take my 50% from all time high BTC bet then? I’m serious 250,000 satoshis? I look forward to coming back here next year and collecting

What will be different than 2017….that was a pyramid /mania scheme collapsing….but that pyramid got rebuilt…this time the G7 is demolishing the pyramid and removing the foundations….it’s toast and that’s my bet

For such cultists I’m surprised nobody has put their bitcoins where their mouths are?

bankboucy · 15-05-2021 10:07PM

bankboucy wrote: »

Take my 50% from all time high BTC bet then? I’m serious 250,000 satoshis? I look forward to coming back here next year and collecting

What will be different than 2017….that was a pyramid /mania scheme collapsing….but that pyramid got rebuilt…this time the G7 is demolishing the pyramid and removing the foundations….it’s toast and that’s my bet

For such cultists I’m surprised nobody has put their bitcoins where their mouths are?

Anybody ? It’s an amazing deal if anyone hasn’t noticed the asymmetry of it. If your right I’ll be paying you in BTC that is broadly valued at today’s level or possibly even higher. I win well - you’ll be paying me in hugely devalued satoshis? It’s like a no brainer for you laser beam eyed cultists - the fact no one has taken me up on this back ups my theory that you deep down know Bitcoin is scheme that could collapse at a moments notice….but on message boards you talk like it’s future place as humanity’s main transacting method is, like, inevitable.

So May 15th 2022 - anyone? Anyone? Anyone?

grindle · 15-05-2021 10:11PM

It's ironic that this misguided, idiotic, JF-level sh!tpost about ransomware comes up in the same week as the launch of an open source competitor to Azure and AWS which uses blockchain security and biometrics to solve the security issues OP has been pointed to as being the problem. Blockchain in the future will solve the problem they ̶e̶r̶r̶o̶n̶e̶o̶u̶s̶l̶y̶ moronically think it's causing.

As for your gamble OP - everybody here for a few years is expecting a crash from the end of this year, adding a gamble to their already-gamble because we don't know where the peak is or how low the low will be would be as stupid as your take on this space.

Personally I'd never take the bet because I dislike Bitcoin, but that's a preference.

Idioteque · 15-05-2021 10:19PM

I don't think it's much of a gamble, probably more people not wanting to deal 1-1 with bankbouncy going by his posts.

grindle · 15-05-2021 10:30PM

Idioteque wrote: »

I don't think it's much of a gamble, probably more people not wanting to deal 1-1 with bankbouncy going by his posts.

Ah yeah, it'll probably be well over $25k when it plunges the depths. But If I was a sat-stacker I'd never ever gamble it even if the odds were good.

Any laser beam eyed mofos wanna defend bitcoin denominated HSE ransomware attack?

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