• Quick note - the problem with Youtube videos not embedding on the forum appears to have been fixed, thanks to ZiprHead. If you do still see problems let me know.

Merged Bitcoin - Part 3

Dr.Sid said:
Not high levels of variability. High levels of unpredictability. Which certainly applies to bitcoin.
Click to expand...

https://www.investopedia.com/terms/v/variability.asp


Variability, almost by definition, is the extent to which data points in a statistical distribution or data set diverge—vary—from the average value, as well as the extent to which these data points differ from each other.
Click to expand...

Professional investors perceive the risk of an asset class to be directly proportional to the variability of its returns.
Click to expand...
 
psionl0 said:
The same principle applies to crypto currencies. It is of critical importance whether the crypto is being maintained by a person or by a system that renders the records immutable. (See OneCoin above).
Click to expand...

That may be important to someone planning to use said currency. It would be of no importance to someone who isn't planning on using it, with the possible exception of someone with a loved one thinking of investing.

psionl0 said:
That's exactly what you are saying.
Click to expand...

No. Your bias is altering your perception.

psionl0 said:
You say "trivial importance" because you want everybody to believe that bitcoin is as bad as a ponzi scheme. If they believe that it is a ponzi scheme then that is even better for you.
Click to expand...

I am much better informed on what I want than you are. One could even say I am the world's foremost authority.

You incorrectly perceive me as wanting to smear Bitcoin when the reality is I only said it is of trivial importance if someone who doesn't like it and will never use it understands that it is not a specific type of scam.
 
Mycroft said:
You incorrectly perceive me as wanting to smear Bitcoin when the reality is I only said it is of trivial importance if someone who doesn't like it and will never use it understands that it is not a specific type of scam.
Click to expand...
It is very telling that you didn't use the words "not a scam". It shows that you still want the lie that bitcoin is a scam to persist. You are not fooling anybody. You care very much that false information must be put out about bitcoin.
 
psionl0 said:
It is very telling that you didn't use the words "not a scam". It shows that you still want the lie that bitcoin is a scam to persist. You are not fooling anybody. You care very much that false information must be put out about bitcoin.
Click to expand...

You're claiming to have revealed my secret agenda?

Whatever.
 
Mycroft said:
You're claiming to have revealed my secret agenda?

Whatever.
Click to expand...
Ordinarily a critical thinker would want the correct explanation but you have been arguing yourself blue in the face that in the case of bitcoin, the truth doesn't matter.

If that doesn't reek of an agenda then I don't know what does.
 
psionl0 said:
Ordinarily a critical thinker would want the correct explanation but you have been arguing yourself blue in the face that in the case of bitcoin, the truth doesn't matter.
Click to expand...

Then you've been misunderstanding my argument.

I'm essentially saying it's not necessary for everyone to have the same level of understanding on any topic, not just Bitcoin.

For someone who is thinking about being an investor, or who is promoting it as an investment to others, then absolutely they should understand it well enough to distinguish it's characteristics from any number of scams. They should also be held to being truthful in making claims regarding Bitcoin.

But for the vast majority of people who will not be investing in Bitcoin for any reason? What difference does it make what their understanding is?

psionl0 said:
If that doesn't reek of an agenda then I don't know what does.
Click to expand...

And this is the real issue, you are attributing any disagreement with you to some "agenda". Bitcoin isn't a group of people targeted by a common bigotry, it's an abstraction created by computers working a mathematical formula. It doesn't have feelings to be hurt nor suffer from marginalization.
 
psionl0 said:
On the contrary. It is very relevant - to you.

Why? Because "bitcoin is risky" doesn't sound bad enough for you. OTOH allow people to think that it is a scam then suddenly it becomes a new ball game. So **** the facts!
Click to expand...

I see now that your reflexive defense of BTC has gotten so bad that not only must you attack me even when I agree with you, you must lie about my motivations.

If you must know -- and if you bothered to check -- I initially thought BTC was a scam but decided that, although it's still possible, it probably wasn't. Now my only problem with it, aside from its use by criminals, is that it is, in your own words, risky. In fact that's the only thing I've been arguing with you over. So that you pretend that it isn't is downright dishonest, since you know that what you said above is not true.

Which certainly supports my earlier evaluation of your own motivations here.
 
Mycroft said:
But for the vast majority of people who will not be investing in Bitcoin for any reason? What difference does it make what their understanding is?
Click to expand...
As I have said repeatedly, there is a huge difference between an investment that is inherently risky and a scam run by a shonky operator.

Why are you so determined that nobody know the difference?
 
p0lka said:
As long as there's a possibility to make value out of it, who cares?
Click to expand...
Apparently, quite a few people on this thread.

All scams die sooner or later and anybody who is still invested in them loses the lot. OTOH there is no indication that bitcoin has an expiry date.

So guess which word is bandied about the most in this thread (hint: "scam").
 
psionl0 said:
As I have said repeatedly, there is a huge difference between an investment that is inherently risky and a scam run by a shonky operator.

Why are you so determined that nobody know the difference?
Click to expand...

Please go back to post #327 and read the rest of the post. That should be more than sufficient to explain that which you do not understand.
 
Mycroft said:
Please go back to post #327 and read the rest of the post. That should be more than sufficient to explain that which you do not understand.
Click to expand...
The rest of the post doesn't explain anything.

Just answer this question: Do you believe that bitcoin is a scam or not?
 
Mycroft said:
It would if you read it and wanted to understand. If you don't, then there is not much I can do to force understanding on you.



In and of itself, no.
Click to expand...
There is no understanding you.

You originally posted that bitcoin didn't fit the definition of a ponzi scheme. You could have added that it was still a bad investment. You could have even added some hyperbole if you wished.

Yet, incredibly, for some unfathomable reason you added "Although it's not a big deal using the word incorrectly". Unbelievable!

And when I questioned you about it, you actually doubled down on this ridiculous argument. You labeled anybody who takes you to task on this a "pendant". You have been screaming blue murder for 2 pages now that uncritical thinking about bitcoin is of "trivial importance".

It's no wonder that I find your motives suspect.
 
Mycroft said:
Because, for whatever reason, you decline to read/pay attention to the parts where I explain it quite well.
Click to expand...
No you don't. You just say the truth doesn't matter.

Mycroft said:
Actually, it is a wonder. Why are you so emotionally invested in Bitcoin?
Click to expand...
I am only interested in the truth. Of course you will call that "emotionally invested in Bitcoin" because you don't want the truth to be known.
 
Last edited:
The smart idiot greedy money just shorted bitcoin at 7223 again.

6400 next stop
Valley of death, John Bunyan.

Pilgrims progress, I should not elevate Bitcrap to something worth allegory.
 
Last edited:
You must log in or register to reply here.

Back
Top Bottom