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  1. #3176
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    Quote Originally Posted by glademaster View Post
    I sure hope there are enough people out there who will completely reject the push for digitization of money, as I don't see how it can lead to anything but the further concentration of wealth. The poor in this country have a hard enough time accessing the banking system as it is right now, and it will only become less accessible to those on the margins as it becomes more digitized.
    Leading question but is is the format that's exclusionary or the formal, centralized institutions that target the poor with predatory fee structures that kills participation among the poor?

  2. #3177
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    Quote Originally Posted by glademaster View Post
    I sure hope there are enough people out there who will completely reject the push for digitization of money, as I don't see how it can lead to anything but the further concentration of wealth. The poor in this country have a hard enough time accessing the banking system as it is right now, and it will only become less accessible to those on the margins as it becomes more digitized.
    I think that is backwards. The example of Venezuela has been trotted out several times as an example where poor are able to more effectively use money due to it being digitized. The risk of dealing with the bank and inflation due to government incompetence is removed.
    In the us, fees and other banking costs associated with banking, as well as hurdles like the right id, are inhibitors to use of the banking system by the poor. The banks see you as a way to make money, if you are rich, they lend your money. If you are poor, they charge you high fees. I would think an efficient low cost digital currency would actually solve many of the banking accessibility issues faced by the poor.

    sent from Utah.
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  3. #3178
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    Except for the fact that many poor people in the US have no/marginalized access to the internet, and that isn't going to change anytime soon.

    I also don't fully buy the argument that fees/costs associated with our current banking system are the primary factor that reduces the accessibility of our current banking system. I can't be the only person who has never, ever paid a fee to open or maintain an account at a bank, and I sure wasn't getting preferential treatment because of how much I was depositing.

    FTR, I'm not necessarily shitting all over bitcoin/blockchain, but I think the notion of it democratizing access to "banking" is flawed.
    Last edited by glademaster; 06-18-2019 at 01:31 PM.
    Set my compass North, I got Winter in my blood.

  4. #3179
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    I feel like I have seen this movie before. Ugh

  5. #3180
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    Click image for larger version. 

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    #buybitcoin

    Sent from my Pixel 3 XL using TGR Forums mobile app

  6. #3181
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    HREs on the Lambo?
    "I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road

    Brain dead and made of money.

  7. #3182
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    Quote Originally Posted by Bobby Stainless View Post
    HREs on the Lambo?
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  8. #3183
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    this old guy is awesome. so much good wisdom

    "torrents of surplus cash"

    Last edited by byates1; 06-18-2019 at 06:56 PM. Reason: the ppl screaming about it are idiots

  9. #3184
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    You can have your lambos and gt3s. Gonna git me one uh these!Click image for larger version. 

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    sent from Utah.
    sigless.

  10. #3185
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    Quote Originally Posted by glademaster View Post
    Except for the fact that many poor people in the US have no/marginalized access to the internet, and that isn't going to change anytime soon.

    I also don't fully buy the argument that fees/costs associated with our current banking system are the primary factor that reduces the accessibility of our current banking system. I can't be the only person who has never, ever paid a fee to open or maintain an account at a bank, and I sure wasn't getting preferential treatment because of how much I was depositing.

    FTR, I'm not necessarily shitting all over bitcoin/blockchain, but I think the notion of it democratizing access to "banking" is flawed.
    yeah but almost everbuddy has a phone

    I've seen it on TV where there is system somewhere in africa where people pay each other doing transfers on their phones and this was just a transaction in a market but its still real money they were trading not bitcoin

    I was fixing the POS system in a post office and somebody was buying a whole shwack of can post money orders so i asked the supervisor wtf and she said some people are so poor or have fucked up and no bank will deal with them so this is the only way to pay bills
    Lee Lau - xxx-er is the laziest Asian canuck I know

  11. #3186
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    Quote Originally Posted by basinbeater View Post
    You can have your lambos and gt3s. Gonna git me one uh these!
    Sir, that's a mirrion-dollair car.

    Also, good commentary re: Libra coin / Facebook. This guy's more articulated than I:

    Click image for larger version. 

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  12. #3187
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    Quote Originally Posted by JimmyCarter View Post

    And why do you think massive corporations coming up with their own coins is something positive for bitcoin?
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    Once they get a hit of Zuck Bucks, it won't be long until they're injecting BTC straight into the veins!

    Sent from my Pixel 3 XL using TGR Forums mobile app

  13. #3188
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    Full map of the bitcoin network right now. Pretty impressive stuff. In addition to the technical challenge of trying to stop btc (see China as ex.) imagine the political cooperation that would be needed to stop or materially hurt it. The EU is dissolving, the US pulling back from the global stage and nationalism surging around the world. If there was ever a time where a decentralized network could flourish it's now with these global political trends alongside unprecedented connectivity via the interwebz.

    https://bitnodes.earn.com/

    It's a problem with big footprints in politics, technology, economics, systems theory, etc. Too complex for any politician to understand much less effectively combat. The nerds win.

  14. #3189
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    heard about some bitcoin guys setting up their DC's close to oil and gas fields where they capitalize on the on site energy often flared off
    Sounds like they are usually mobile- in big trucks etc so they can move about where the energy is plentiful
    energy = money
    skid luxury

  15. #3190
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    anywhere you got a good power feed so up here they are in trailers or seacans on old sawmill sites where you got a big powerfeed
    Lee Lau - xxx-er is the laziest Asian canuck I know

  16. #3191
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    Quote Originally Posted by puregravity View Post
    That just looks like the average porn torrent peer topography.
    Nothing special.
    Just in case you aren't aware, governments own, manage and regulate the infrastructure that the networks need.
    In 10 seconds, the NSA or a state actor could annihilate the Bitcoin P2P network with simple routing and partitioning attacks.
    The entire network relies on bootstrapping, peer discovery, and ISP/router configurations.
    Some people think that ad-hoc networks are resilient to that or even a plain DDOS attack.
    Nope.
    Never mind mining pool attacks and preferential transaction confirmations.
    Even in China, the government allows VPN addresses through. But they don't have to.
    Turkey ... shut down the entire fucking internet.
    Venezuala right now .. Not your Oil, Not your Bitcoin
    A script kiddie can even map the entire BTC network and launch DDOS attacks on users and the pool nodes in a myriad of creative ways.
    #opsec
    Surprise surprise.
    Sorry For Your Loss
    You would be far better hosting an append only spreadsheet database on Amazon Web Services for a very small fee. You would greatly increase the number of transactions per second, and cut out millions of tons of greenhouse gases, and ... it would be more secure.
    The Bitcoin network is no more safe for business than a family of ducks trying to cross a road.
    Quack. Quack.
    LOL.
    You're wrong. Again.

    https://coincenter.org/entry/decentr...-mesh-networks
    Decentralizing Bitcoin’s Last Mile With Mobile Mesh Networks

    How you can use Bitcoin without relying on centralized Internet Service Providers




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  17. #3192
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    Maybe we could create a sub-thread for SF & PG to fling poo at eachother.

  18. #3193
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    No Lambo for me. This will work.
    "I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road

    Brain dead and made of money.

  19. #3194
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    Quote Originally Posted by Bromontane View Post
    Maybe we could create a sub-thread for SF & PG to fling poo at eachother.
    Only one of us is a troll man.

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  20. #3195
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    This guy gets it. Name:  Screenshot_20190619-075216.jpeg
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  21. #3196
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    Quote Originally Posted by stalefish3169 View Post
    Only one of us is a troll man.
    If you talk to him what's the difference?

  22. #3197
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    Ive made about 8k bucks fucking around with it. Im a car dealer too... not some wizard.

    Better than a Lambo
    "I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road

    Brain dead and made of money.

  23. #3198
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    Quote Originally Posted by puregravity View Post
    CFTC Charges Company and its Principal in $147 Million Fraudulent Bitcoin Trading Scheme
    https://www.cftc.gov/PressRoom/PressReleases/7938-19



    Who would have thought?
    SFYL.
    LOL.



    Adoption imminent.
    Awww 147 million, how cute.

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  24. #3199
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    Quote Originally Posted by Bobby Stainless View Post
    No Lambo for me. This will work.
    Yeah, I was just talking with my 6 year about that car, most badass Porsche there is. Maybe 959. But Carrera gt. Yeeeeeeah....

    sent from Utah.
    sigless.

  25. #3200
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    I like how the libra > bitcoin folks don't even have the co-creator of libra on their side. Pretty funny.

    https://twitter.com/davidmarcus/stat...02056525111297

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