The ramifications of blockchain technology?

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Re: The ramifications of blockchain technology?

#241  Postby jamest » May 25, 2019 10:04 pm

Fallible wrote:
jamest wrote:
Fallible wrote:Just saw in my diary today, our first client booked in with me next week addicted to buying bitcoin.

Then soon he'll be able to pay for the top psychologists in the UK, but what he really needs to do is study trading to understand why there are bad times to buy.


The whole reason he or she is accessing therapy is because their addiction has left them on the bones of their arse, Einstein.it!

Only in the sense that for about 16 months from Dec 17 to April 19 they would have been losing money. If the asset continues to rise in value for the next two years, then his/her biggest problem will be not buying enough of it!

Addictions are only bad if they bring negative repercussions. For example, being addicted to fruit and salad would be a healthy addiction.

The last thing they need to do is spend any more time on the focus of their addiction. But without disclosing too much, this person, without any shadow of a doubt, has forgotten more than you will ever know about crypto currency. Can I ask, are you being intentionally stupid or what?

Anyone who knew anything about trading and cryptocurrency wouldn't have been buying into it after the spring of 2018, I shit you not. The trend is your friend.

I want to know how the fuck this person expects you to help them when you know less about cryptocurrency than I do about mascara. What bullshit mantras are you going to use on him/her?
Last edited by jamest on May 25, 2019 10:23 pm, edited 1 time in total.
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Re: The ramifications of blockchain technology?

#242  Postby jamest » May 25, 2019 10:19 pm

Hermit wrote:
jamest wrote:I'm only here to try and help you muppets survive the oncoming economic armageddon.

When economic armageddon arrives cryptocurrencies will be worth no more than the paper they are printed on. I mentioned this before, most recently here, but you insist on ignoring inconvenient facts.

When fiat collapses, holders of it seek alternative stores of value. In the past that was things like the precious metals and diamonds, etc.. Next time it happens, crypto will be the main beneficiary.

I'm not here to proclaim that crypto is God's own currency, or anything like that. Indeed, there is no intrinsic value in any thing, is my philosophy.

I don't think that you understand my motive/purpose here.
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Re: The ramifications of blockchain technology?

#243  Postby jamest » May 25, 2019 10:30 pm

Scot Dutchy wrote:
jamest wrote:I'm already up amongst the bananas, squire.


Who is saying it is a banana tree? You think so but who am I to set you right. A date palm would be a better bet. Ever seen dates falling? It is a bloody mess.

Scot, you're in Holland, where sea levels are higher than your trees. If I were you I'd buy a bitcoin in order to procure myself an escape boat, before global warming leads to the swamping of my skull.
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Re: The ramifications of blockchain technology?

#244  Postby surreptitious57 » May 25, 2019 11:37 pm

Fallible may not know anything about cryptocurrency but she doesnt actually have to as that is not her speciality
She is instead trained to help those with addictions by providing them with the necessary tools to overcome them
I would say that this is a general principle that is true for all types of addictions regardless of what they might be

You seem to be suggesting that she cannot help her client simply because she knows fuck all about cryptocurrency
With all due respect to you james me old china you seem to have grasped the entirely wrong end of the stick here
Her client has come to her as they need to stop gambling and she can help with that - anything else is superfluous

All addictions are fundamentally psychological - even though there may be symptoms specific to particular ones
What therapists do is to address the mental state of the client because that is the essential core of the problem
That is more important than the thing they are addicted to - even though there are therapists who do specialise

If Fallible were a world authority on cryptocurrency yet knew fuck all about addiction her client could not be helped
You seem to know a lot about the currency but if I were addicted to it I would go to Fallible rather than you for help

I should not be speaking on her behalf but you said such a stupid thing there I had no choice but to correct the stupid
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Re: The ramifications of blockchain technology?

#245  Postby Hermit » May 26, 2019 6:09 am

jamest wrote:
Hermit wrote:
jamest wrote:I'm only here to try and help you muppets survive the oncoming economic armageddon.

When economic armageddon arrives cryptocurrencies will be worth no more than the paper they are printed on. I mentioned this before, most recently here, but you insist on ignoring inconvenient facts.

When fiat collapses, holders of it seek alternative stores of value. In the past that was things like the precious metals and diamonds, etc.. Next time it happens, crypto will be the main beneficiary.

I'm not here to proclaim that crypto is God's own currency, or anything like that. Indeed, there is no intrinsic value in any thing, is my philosophy.

I don't think that you understand my motive/purpose here.

Wild guess now: You are convinced you have found the means that will protect yourself from the dire effects of an impending economic armageddon of such severity that it destroys all fiat currencies. The means are cryptocurrencies. Your motive/purpose here is to convince us that this is so.

Good luck to you, but you don't have me convinced. What applies to fiat currencies applies to cryptocurrencies, and for the same reason: None of them are of any intrinsic value. The finite number of Bitcoins does not create value either. When the shit hits the fan we will be reduced to bartering things of utility. A roll of toilet paper will be more valuable than 20 Bitcoins. Even 100 dollar notes will be more valuable. At least you can wipe your bum with them, or use them to start a fire.

My parents to be were in their very early twenties when WWII ended. They lived in Germany. Reichmarks were used as a source of heat. Currency consisted of eggs, bread, salamis, ham and such. Farmers became very wealthy very quickly. They could get a 100 year old Persian rug for half a dozen eggs, golden wedding rings for a chicken, the finest silver cutlery and China crockery set for a side of ham and so forth. I doubt they'd swap any of their goods for Bitcoins today.
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Re: The ramifications of blockchain technology?

#246  Postby Cito di Pense » May 26, 2019 7:34 am

Hermit wrote:
Wild guess now: You are convinced you have found the means that will protect yourself from the dire effects of an impending economic armageddon of such severity that it destroys all fiat currencies. The means are cryptocurrencies. Your motive/purpose here is to convince us that this is so.

Good luck to you, but you don't have me convinced. What applies to fiat currencies applies to cryptocurrencies, and for the same reason: None of them are of any intrinsic value. The finite number of Bitcoins does not create value either. When the shit hits the fan we will be reduced to bartering things of utility. A roll of toilet paper will be more valuable than 20 Bitcoins. Even 100 dollar notes will be more valuable. At least you can wipe your bum with them, or use them to start a fire.

My parents to be were in their very early twenties when WWII ended. They lived in Germany. Reichmarks were used as a source of heat. Currency consisted of eggs, bread, salamis, ham and such. Farmers became very wealthy very quickly. They could get a 100 year old Persian rug for half a dozen eggs, golden wedding rings for a chicken, the finest silver cutlery and China crockery set for a side of ham and so forth. I doubt they'd swap any of their goods for Bitcoins today.


Hermit wrote:Some people talk a lot because they like the sound of themselves talking.


Enough fucking said, here, Hermit. I know a little about Dachhase, but that's almost a derail.
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Re: The ramifications of blockchain technology?

#247  Postby Fallible » May 26, 2019 12:19 pm

jamest wrote:
Fallible wrote:
jamest wrote:
Fallible wrote:Just saw in my diary today, our first client booked in with me next week addicted to buying bitcoin.

Then soon he'll be able to pay for the top psychologists in the UK, but what he really needs to do is study trading to understand why there are bad times to buy.


The whole reason he or she is accessing therapy is because their addiction has left them on the bones of their arse, Einstein.it!

Only in the sense that for about 16 months from Dec 17 to April 19 they would have been losing money. If the asset continues to rise in value for the next two years, then his/her biggest problem will be not buying enough of it!

Addictions are only bad if they bring negative repercussions. For example, being addicted to fruit and salad would be a healthy addiction.


Oh my god, what a surprise, you are saying things that are complete and utter nonsense. You’ve already repeatedly had your nose rubbed in the fact that you know less than nothing about psychology, there is no need to over-egg it so much. Even you, though, I would have expected to understand the definition of a word before using it. I know you don’t like people assuming you’re drunk, but you need to understand that they’re being kind. The alternatives are that you’re trolling or stupid.

The last thing they need to do is spend any more time on the focus of their addiction. But without disclosing too much, this person, without any shadow of a doubt, has forgotten more than you will ever know about crypto currency. Can I ask, are you being intentionally stupid or what?

Anyone who knew anything about trading and cryptocurrency wouldn't have been buying into it after the spring of 2018, I shit you not. The trend is your friend.


This person works in the sector. It’s safe to say they know a lot. Certainly more than you.

I want to know how the fuck this person expects you to help them when you know less about cryptocurrency than I do about mascara. What bullshit mantras are you going to use on him/her?


You don’t want to know that, you just want to flap your useless gums some more. However, if it ever occurs to you to stop flapping and start absorbing, you’ll find that the focus of the addiction is not the main issue, and so this person could be addicted to unwarranted chest-thumping on the internet and still be helped by timely intervention. I know some about cryptocurrency, but your ignorance misleads you yet again. Knowledge of cryptocurrency for the therapist is the least important aspect. They have to want to be helped though, James. There, a mantra. Sad to say that time has not yet come for some who probably need it.

Christ, when it comes to just how stupid someone can make themselves look, you are a revelation.
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Re: The ramifications of blockchain technology?

#248  Postby Fallible » May 26, 2019 12:29 pm

surreptitious57 wrote:Fallible may not know anything about cryptocurrency but she doesnt actually have to as that is not her speciality
She is instead trained to help those with addictions by providing them with the necessary tools to overcome them
I would say that this is a general principle that is true for all types of addictions regardless of what they might be

You seem to be suggesting that she cannot help her client simply because she knows fuck all about cryptocurrency
With all due respect to you james me old china you seem to have grasped the entirely wrong end of the stick here
Her client has come to her as they need to stop gambling and she can help with that - anything else is superfluous

All addictions are fundamentally psychological - even though there may be symptoms specific to particular ones
What therapists do is to address the mental state of the client because that is the essential core of the problem
That is more important than the thing they are addicted to - even though there are therapists who do specialise

If Fallible were a world authority on cryptocurrency yet knew fuck all about addiction her client could not be helped
You seem to know a lot about the currency but if I were addicted to it I would go to Fallible rather than you for help

I should not be speaking on her behalf but you said such a stupid thing there I had no choice but to correct the stupid


Yes, that’s it. Thank you.
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If I hear that fucking phrase again, this baby's gonna blow
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Just like my favourite scene in Scanners .
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Re: The ramifications of blockchain technology?

#249  Postby Macdoc » May 26, 2019 9:25 pm

quick Jamest ....get in early while there is space left

He's part of a growing number of Americans preparing for social, economic and environmental collapse.

"I don't even know what is real or not anymore," Mr Torres said.

"They have us so confused, but they don't want to panic the people about what's happening.


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Re: The ramifications of blockchain technology?

#250  Postby jamest » May 26, 2019 11:49 pm

Fallible wrote:

Anyone who knew anything about trading and cryptocurrency wouldn't have been buying into it after the spring of 2018, I shit you not. The trend is your friend.


This person works in the sector. It’s safe to say they know a lot. Certainly more than you.

How the fuck would you know what he knew about the sector when you know fuck all about the sector yourself?
I've made almost 300% profits in a shade over 3 months. Ask your client how much profits he's made. If he's made more than 300% profits then ask him why he's fucking bothering you. Because, rest assured, if an addiction of any kind makes you wealthier, healthier, smarter, wiser, or whatever, then that addiction is GOOD.

There's only one reason why this client of yours is visiting you, and that's because he's LOSING MONEY on a regular basis.

There's another potential reason, which is that people of a certain ilk with an identity/purpose crisis trust their mentality to people who know fuck all about identity and purpose, such as yourself, because they buy into your bullshit credentials as though they give you a mark of expertise.

Notwithstanding the fact that you know fuck all about trading, cryptocurrency, or even seem to understand that not all addictions are bad, you certainly have no expertise on our identity and purpose.

Spare me the bollocks. And spare me the arrogance behind it too. Because I think that your [establishment] attitude is a pox upon the future wellbeing of humanity.

If you want to do your client a proper favour, ask him/her to talk to me.
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Re: The ramifications of blockchain technology?

#251  Postby minininja » May 26, 2019 11:58 pm

There's also the possibility that despite your extensive research leading you to think that you can predict the market far better than the vast majority of other speculators, you have merely been lucky so far, and that eventually your luck will run out as it has for so many others.
[Disclaimer - if this is comes across like I think I know what I'm talking about, I want to make it clear that I don't. I'm just trying to get my thoughts down]
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Re: The ramifications of blockchain technology?

#252  Postby jamest » May 27, 2019 12:15 am

Hermit wrote:
jamest wrote:
Hermit wrote:
jamest wrote:I'm only here to try and help you muppets survive the oncoming economic armageddon.

When economic armageddon arrives cryptocurrencies will be worth no more than the paper they are printed on. I mentioned this before, most recently here, but you insist on ignoring inconvenient facts.

When fiat collapses, holders of it seek alternative stores of value. In the past that was things like the precious metals and diamonds, etc.. Next time it happens, crypto will be the main beneficiary.

I'm not here to proclaim that crypto is God's own currency, or anything like that. Indeed, there is no intrinsic value in any thing, is my philosophy.

I don't think that you understand my motive/purpose here.

Wild guess now: You are convinced you have found the means that will protect yourself from the dire effects of an impending economic armageddon of such severity that it destroys all fiat currencies. The means are cryptocurrencies. Your motive/purpose here is to convince us that this is so.

Good luck to you, but you don't have me convinced. What applies to fiat currencies applies to cryptocurrencies, and for the same reason: None of them are of any intrinsic value. The finite number of Bitcoins does not create value either. When the shit hits the fan we will be reduced to bartering things of utility. A roll of toilet paper will be more valuable than 20 Bitcoins. Even 100 dollar notes will be more valuable. At least you can wipe your bum with them, or use them to start a fire.

That's naive on your part, since on the one hand you are imagining a scenario of such epic proportions that all forms of money lose their value, whilst on the other imagine that factories will still exist which produce toilet paper.

The bottom-line is that if the shit hits the fan to the degree that all factories cease to produce anything due to there being no monetary reward of any kind, that we will have reached a stage of social armageddon, whereby economics becomes utterly obsolete. People will be wiping their arses with the scalps of those that they have murdered, not toilet paper.

I've not approached the incoming armageddon to that depth here, true. Instead, I'm talking about an economic armageddon which results in the demise of the $ and a new king, Bitcoin, as the standard for universal economic trade/wealth.

My parents to be were in their very early twenties when WWII ended. They lived in Germany. Reichmarks were used as a source of heat. Currency consisted of eggs, bread, salamis, ham and such. Farmers became very wealthy very quickly. They could get a 100 year old Persian rug for half a dozen eggs, golden wedding rings for a chicken, the finest silver cutlery and China crockery set for a side of ham and so forth. I doubt they'd swap any of their goods for Bitcoins today.

There ya go, a prime example of people trading things for another currency once fiat hits the shitter. The difference between your parents and yourself or own offspring, is that instead of looking for rugs, China, silver, gold, etc., is that there's a new alternative: cryptocurrency.

Fiat hits the shitter? No worries if you've got some bitcoin. No need to carry your persian rug to the nearest farm for a few eggs, just send the farmer a fraction of whatever crypto he likes instead. Easier, secure, decentralised.
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Re: The ramifications of blockchain technology?

#253  Postby Macdoc » May 27, 2019 12:18 am

The Puritans thought they had god on their side solely because they were wealthy by the standards of the times.....they had a similar sort of arrogance you exhibit Jamest.
They liked to proselytize too. :roll:

Warren Buffett explains one thing people still don’t understand about bitcoin
Published Tue, May 1 2018 1:00 PM EDTUpdated Tue, May 1 2018 4:52 PM EDT
Ali Montag
@ALI_MONTAG

Warren BuffettDavid A. Grogan | CNBC
When it comes to bitcoin, billionaire investor Warren Buffett wants to make one thing clear: Unlike buying stocks, bonds or real estate, buying bitcoin is not an investment.

That’s because it lacks intrinsic value, Buffett says.

“If you buy something like bitcoin or some cryptocurrency, you don’t have anything that is producing anything,” Buffett says in an interview with Yahoo Finance. “You’re just hoping the next guy pays more. And you only feel you’ll find the next guy to pay more if he thinks he’s going to find someone that’s going to pay more.

“You aren’t investing when you do that, you’re speculating.”

Famous for his “buy and hold ” investment strategy, the Berkshire Hathaway CEO built his company — and his $82.8 billion net worth — backing companies that have substantive value.


once you admit that you are speculating, not investing Jamest ...you might get some cred... :coffee:
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Re: The ramifications of blockchain technology?

#254  Postby jamest » May 27, 2019 12:34 am

minininja wrote:There's also the possibility that despite your extensive research leading you to think that you can predict the market far better than the vast majority of other speculators, you have merely been lucky so far, and that eventually your luck will run out as it has for so many others.

This isn't a heads or tails scenario. Several months of intensive research led to my conclusion, in mid-February, that the market had bottomed-out (or was very close to that point). I mean I invested a 5-figure sum on the back of that research. If it was a mere heads-or-tails scenario I would have merely visited the nearest casino and chose either red or black. The rewards/losses would have been instant.

Look at the charts, squire. They're everything I predicted, except that it's happening quicker than I predicted. At the rate it's going we could hit 20K before Xmas. If I sold all of my investments now, I would have made 25K (minus CGT). No bullshit. I am still leaving that on the table, so ask yourself why. Am I gambling, or do I know something that you don't because you haven't taken the time to do the research?

Whatever you do, you need to get your investments (if you have any) out of stock/share related schemes (pensions etc.), and out of your bank(s) asap. If you don't buy crypto, get your fiat into the precious metals. Sincerely.
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Re: The ramifications of blockchain technology?

#255  Postby jamest » May 27, 2019 12:42 am

Macdoc wrote:The Puritans thought they had god on their side solely because they were wealthy by the standards of the times.....they had a similar sort of arrogance you exhibit Jamest.
They liked to proselytize too. :roll:

Warren Buffett explains one thing people still don’t understand about bitcoin
Published Tue, May 1 2018 1:00 PM EDTUpdated Tue, May 1 2018 4:52 PM EDT
Ali Montag
@ALI_MONTAG

Warren BuffettDavid A. Grogan | CNBC
When it comes to bitcoin, billionaire investor Warren Buffett wants to make one thing clear: Unlike buying stocks, bonds or real estate, buying bitcoin is not an investment.

That’s because it lacks intrinsic value, Buffett says.

“If you buy something like bitcoin or some cryptocurrency, you don’t have anything that is producing anything,” Buffett says in an interview with Yahoo Finance. “You’re just hoping the next guy pays more. And you only feel you’ll find the next guy to pay more if he thinks he’s going to find someone that’s going to pay more.

“You aren’t investing when you do that, you’re speculating.”

Famous for his “buy and hold ” investment strategy, the Berkshire Hathaway CEO built his company — and his $82.8 billion net worth — backing companies that have substantive value.


once you admit that you are speculating, not investing Jamest ...you might get some cred... :coffee:

My cred is reflected in the charts. Reached a new high today for the year, and I'm not just talking about 2019, but a 12 months high. The writing is on the wall, yet you still prefer to preach me the gospel of the dead.
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Re: The ramifications of blockchain technology?

#256  Postby jamest » May 27, 2019 12:59 am

surreptitious57 wrote:Fallible may not know anything about cryptocurrency but she doesnt actually have to as that is not her speciality
She is instead trained to help those with addictions by providing them with the necessary tools to overcome them
I would say that this is a general principle that is true for all types of addictions regardless of what they might be

You don't know fuck all about anything, especially Fallible. What we know about you though is that you're quick to lick her arsehole. To the extent that it makes her uncomfortable, as she has stated publicly. Enough said.

I've tried my best to help you in the past but you are more set than concrete, so I give up. But if you come in one of my threads and give me shit, then expect the frozen treatment.
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Re: The ramifications of blockchain technology?

#257  Postby Macdoc » May 27, 2019 1:15 am

fuck Jamest you are so hopeless. What's your stop loss strategy?

SO the fuck what that it reached a high for the year.....big fucking deal......you made a BET and won this time.
You might make a bet and win next time....it's still a bet Jamest and you are hooked on gambling in crypto.
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Re: The ramifications of blockchain technology?

#258  Postby SafeAsMilk » May 27, 2019 1:20 am

jamest wrote:
My cred is reflected in the charts.

If cred's in the charts, then Buffett's got you beat for decades. He's been doing this for more than five seconds, unlike you, and has made far more money than you could ever possibly hope to make.
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Re: The ramifications of blockchain technology?

#259  Postby Macdoc » May 27, 2019 1:48 am

Jamest is on a roll due to a bitcoin spike an thinks the world is his oyster ....somehow he does not quite comprehend "spike".
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Re: The ramifications of blockchain technology?

#260  Postby Hermit » May 27, 2019 6:21 am

jamest wrote:...you are imagining a scenario of such epic proportions that all forms of money lose their value, whilst on the other imagine that factories will still exist which produce toilet paper.

Not at all. I was imagining toilet paper in terms of currency. You just imagined I had continued production in mind.

jamest wrote:I'm talking about an economic armageddon which results in the demise of the $ and a new king, Bitcoin, as the standard for universal economic trade/wealth.

Bitcoin will disappear as a currency for the same reason as all fiat currencies: It has, as you have mentioned, no intrinsic value. Rarity only becomes a factor of value in conjunction with utility. You can't even wipe your bum with bitcoin. That's something you can do with banknotes, albeit not very well.

jamest wrote:The difference between your parents and yourself or own offspring, is that instead of looking for rugs, China, silver, gold, etc., is that there's a new alternative: cryptocurrency.

You have yet to establish a valid reason why cryptocurrencies are going to be of any use when all other fiat currencies have become useless. Dream on. Cryptocurrencies are made out of nothing, just like all other monetary currencies. Come economic armageddon, all of them will be wiped out.
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