i suppose you would hold your bitcoins on your phone or a card, then someone could take that from you, so i suppose they could then implant th chip under your skin. Sounds ominous. I dont think for one minute that the governments would not inflitrate and take over this invention behind the scenes.
@gojo345 Small transaction fees pay the miners. You can pay a larger fee if you want to prioritize your transaction. This is not something we need to worry about for 20-50 years though.
Bitcoins are generated by solving a very difficult mathematical problem. The network adjusts the difficulty of this problem in such a way that the amount of bitcoins generated per hour is always approximately 6*50=300. Every 4 years this amount will be halved, so that to sum of all bitcoins can never exceed 21 000 000.
@huiz1990 The bitcoin verification network represents by far the most powerful distributed comping network in the world. You would need to spend at least tens of millions of dollars to compete with it, and at that point you would be better off (it would be more profitable) to contribute to bitcoin mining.
@matchbox555 I don't know if it's 2 weeks or 10 minutes but another feature built in is the "difficulty" of the math problem increases so that you can't speed up the production of bitcoins
I (like many) trade my bitcoins for USD, which I then use to buy the typical things you buy with money, such as everything, or to directly respond to your silly comment I can use USD to pay for my 'CAR, HOUSE, FOOD,CLOTHES,RECEIPTS OF BILLS,ELECTRICITY/PHONE /MEDICAL/GAS' ... HOOKERS ... DRUGS ... CAPS LOCKS KEYS FOR MY KEYBOARD!!!
@spankMAbooTAY Silver. Not for its value, but just for shits and giggles. Everyone knows bitcoins will have more worth than anything, you cannot counterfeit bitcoins but you sure as hell can fake gold bars.
I am a bit coin billionaire , I would like to purchase your home,car,plane,gold supply,silver supply,ect. please contact me immediatly! This is not a scam I am ready to transfer my coins to you now!
The only 'tangible' thing I bought with it was a 4GB memory card.
Go their site - there is a list of shops selling lots of different stuff for bitcoins.
AFAIK it's mostly used for selling pot :-D not sure if that's tangible good for you :-D
What you don't understand is that the banknote has no value in itself... it's just for trading goods and services - it just happens that right now more ppl use traditional currencies than BTCs
I believe that bitcoins are going to change the world. I recommend that everyone read up about them. If you are interested in buying/selling bitcoins, I personally use and recommend TradeHill - they have lower fees than the main exchange (mtgox), and their website seems more professional IMHO.
Also, I have a code that will get you 10% off trading fees there for life: TH-R1168
This video is made for nerds, like it or not. The current price of bitcoin is based on speculation, so it is no problem that bitcoin infrastructure is not jet there. First of all bitcoin could start to function as a store of value that is more easily authenticated than gold and has no counter party risk as with digital gold. It is not needed that there be a whole lot of transactions right now. The high block generation subsidy will ensure a high bitcoin difficulty and security.
@alalelalex Why do people seem to repeat the same arguments over and over on the internet? A little history in currency would have been a better way of promoting bitcoins.
2. Imagine a number with a rare property like hashing to something with "0000" in it. Or, alternatively, a large prime number. (That's a nugget.)
3. Declare loudly that the number/nugget is yours.
4. Anyone else will only accept that number from its current owner. A new owner needs you to shout to the network that you're giving it to the new owner.
Authentication is done by public/private keys (digital signatures).
@alalelalex Hey FYI bitcoin is not secure. Do not purchase bitcoins till you read all the posts about bitcoin wallets being stolen, compromised or mtgox.com accounts hacked.
@roarshackdotcom I didn't actually say which currency bro. If the guy selling bread takes bitcoin, sure, whichever. I really don't care. I just have to survive. Whichever currency the people have the most faith in, that's the one I'll be using.
problem with that is, the government isnt making the currency - private banks are. also, it would have been better, and taken less effort, to just have to people talking instead of this stupid shit
inflation at 6:28 give transaction FEE to the node sound's like the Borg boss from STO humm who is that the creator of bitcoin ?. Yea scam the master programmer "node" gets the extra money . KISS MU REDNECK ASS BITCOIN "THE SOUTH WILL RAISE AGAIN !!! sweet home Alabama i rest my hat in Tennessee because my Ex wife resides in Texas,
@86HinesWard2Rings Are you really calling people who get into Bitcoin trading idiots? I know the domain market and Bitcoin is every bit the risk that domaining was back in the early nineties (though not as costly to get into at this point). I wouldn't dare call anyone an idiot for investing in something early. This has potential. If you can't see that, you're the idiot.
@roarshackdotcom Relax Buddy. I agree with you. But bitcoin is on its way out. IMO. I would not spend $1000 on 10 bitcoins. Bitcoin sound like a scam to me. A ponzi if you will. Everything I touch turns to gold. Ive always been lucky. ( not skill). Im staying away from bitcoin.
Some dumb senator said this is money laundering. No buddy the Federal Reserve - a private secret corporation is the money laundering, for the Bushes, and all the "elite" (sic) scum who use it to launder their drug money, their child prostitution money, and all the rest of it, and to fund their sacrificial wars, er, I mean "kinetic exchanges" with "brown people". Fed, IRS, taxation, government monopoly on currency, is all FRAUD, and are THE METHOD of 21st century economic slavery for MIND & body
Some dumb senator said this is money laundering. No buddy the Federal Reserve - a private secret corporation is the money laundering, for the Bushes, and all the "elite" (sic) scum who use it to launder their drug money, their child prostitution money, and all the rest of it, and to fund their sacrificial wars, er, I mean "kinetic exchanges" with "brown people".
Someone please send me a coin or part of one this looks so interesting but it is very hard to figure out how to get one. Thank you to anyone that helps. 1MXv2b3Tmvgw97RzTaEfaskDK7WgTHCofH
If i want to change back the bitcoins can i do this?
I think that nobody make a business to loose money.
Again, one of Bitcoins exchange company is located in NEVIS (one of bigt tax havens in the world). Imagine to exchange illegal money to bitcoins and launder the money with this easy way!
Was this produced to simplify the concept of Bitcoin? I hate to see what it was like when it was complicated. Hint: when you use the word "moreover," you're too far afield.
@ANTIDALLARD ALL mortgages to banks are based on FRAUD and deception. Why are you going to pay back money that was already yours in the first place. All bank loans like that are based on accounting fraud, usually multiple layers of it. The fed system is the criminal system, not this, they are the fraudulent, ponzi scheme, racist, genocidal, thieving mob bosses in their protectionist racket with the IRS and SWAT as the goon squad collection arm.
@ANTIDALLARD ALL mortgages to banks are based on FRAUD and deception. Why are you going to pay back money that was already yours in the first place. All bank loans like that are based on accounting fraud, usually multiple layers of it. The fed system is the criminal system, not this, they are the fraudulent, ponzi scheme, racist, genocidal, thieving mob bosses in their protectionist racket with the IRS and SWAT as the goon squad collection arm. You've been lied to. Watch American Dream Movie.
Buying Bitcoin just got really easy at "BitcoinExchange" be sure to tell them that I told you about them in the "how did you find out about us" space, when you order.... CrystalExcursion@gmail
The model if adopted leads to a stagnant economy with serious deflation. The deflation though will be balanced by the desire to not grow or create value to moderate deflation. There will be a need to continue to grow the BTC supply as there are more people, more people creating value, and where there is more demand. Otherwise if I grown corn and get 1 BTC per bushel it would mean that if I create 2 I get 0.5.
@alalelalex - another advantage of NOT using paypal is to avoid giving ebay inc all of your transaction info etc. I do not use PP and have heard horrendous things about them. BC looks cool, provided you have a couple of water cooled racks with Xeon 64-bit cpu boxes sitting around unused. Otherwise I am not sure that the barriers to entry make it too appealing for a lot of us who simply don't have the computer cycles available and/or the money to go buy such a box.
That girl looks kind of like a Vampire, but still hot though. Oh and this bitcoin thing won't last because the crypto key will eventually be cracked. Governments (such as China) have incredibly extra powerful super comupters. If Bitcoin ever became a "real" currency with value to normal people, they would devote all their resources to crack and create their own bitcoins.
@texasbluesplayer You clearly underestimate the key length involved here. If a goverment wanted to steal Bitcoins, it'd take a few hundred years... if they had access to every piece of computing hardware ever built.
@texasbluesplayer - agreed, yeah let's hope the crypto hash is a million digits long. Makes that MillionS. Let China (who now owns the world's biggest supercomputer) go ahead and do that. I'd rather them do that than buy the downed helicopter technology from the PAAHKIES from the UBL raid the other day (the real reason they blue up the 'copter). I think I am in love with the girl though. If she is a Vamp, she can bite me anywhere she wants!
si que el bitcoin es dinero que gobierno esta creando money de la nada, sin nada que haya nada real que lo soporte. Puede haber mucho fraude. Es como el trabajo de la pyrmide. luego te lo mando todo.
@slimey662 For a geek, "the jackpot" is a someone cute that is already interested in cryptography. The operant stereotype is that programmers are always getting excited about public key cryptography in front of people they want to know better - and usually, those people care even less about cryptography than they do about talking to programmers like them.
The digital voice makes it really really hard to understand these concepts. Key phrases like 'proof-of-work' can barely be made out..... thanks for your effort, but try one where real people read the script. thanks.
I cannot guarantee that bitcoins will go up in the short run, but in the long run, say about a year, it can certainly double or 10x in price... So sure buy some bitcoins...
@exslayer12 check out the new peter schiff radio show (june 20th) with bitcoins donald norman..... peter asks some great questions and sheds some light
@exslayer12 its confusing but from what we do understand its a benifitial concept that as it is now at a small scale is working great for certain buisneses, if its gona get better or worse and if well jump in or not, time will tell, but heres my last coment on the matter. the reason if wich its confusing is due to the fact that the termenology they are using and concepts of wich they are speaking of are not defined/explained. so dont let this discourage you from giving this bitcoin idea a chance
@PnutButterNbicheZ Yes! that was the main issue. I eventually did get a good bit of bitcoins but I decided to sell them all because the price skyrocketed. I bought 250 bitcoins for 3 bucks a pop and sold them all for 16.23. So bitcoin gave me a really good sum of money.
Your question is, why participating in the in the bitcoin network as a generating node, ears this very node bitcoins. Well, each generating node collects bitcoin transactions in a block and tries to calculate the hash. This is a trail and error process. When a node finds the hash it transmits the corresponding block to the network, where it is accepted by all other nodes. The block contains the bitcoin address of the generating node, which implicitly assigns 50 bitcoins to this the address.
Right from the start this video is misrepresenting the system. Governments actually hardly coin any currency at all. Perhaps 5% . The masses of money are created every second by Private Corporations called BANKS (including the Federal Reserve Board, which is a PRIVATE bank).
To see how it actually it works Search for MONEY AS DEBT and you can see this 45 minute video for free. (if you go to VIMEO.COM and search it there, you'll get a link to watch it uninterrupted in one shot)
The Federal Reserve is not a private corporation. It is a hybrid. In other words, what we are dealing with, is banking cartel protected by the state. So the state is the cause.
@alalelalex The US government is subservient to the FED, not the way around. The ONLY thing the US government can suggest is the head of the FED. There has been not a single Audit of the FED ever !!!
Ron Paul has been asking for one for years. In fact while congress was arguing about the "bailout" Bernanky had already spent trillions of dollars on foreign and domestic banks without telling anyone!!
Check this link ---- ...........youtube.com/watch?v=l37RhdFGVsM
The government and the FED interact with each other. Both parties benefit here. This is called lobbying. And so a cartel is created with the help of the coercion of the state.
Why do you listen to this Damon Vrabell nonsense. He cannot even thing logically. He sees making profit as evil.
In a free market profit is not greed. (I agree with Vrabell that we do not have a free market at all.)
In a voluntary transaction, both parties profit. So this is a positive sum game.
On the other hand, when aggression is involved, you get a negative sum game. The desire to make profit using aggression IS GREED. A true free market is defined by the non-aggression principle, and so it rejects greed.
What is "aggression"? would slavery be considered aggression? Would the employment of billions of people mired in poverty around the world surviving on miserable barely sustaining wages of a dollar a day paid by transnational corporations be considered modern slaves? Is this "profit" transaction really profiting BOTH parties?
Profit in itself is the surplus result of a productive action and not a problem. It is what we do with it where things usually go wrong.
Slivery is aggression, because it involves the use of coercion on someone else's body. In other words it is a violation of property, namely someones body.
In PRINCIPLE there is no such thing as wage slavery, because a wage vs labor transaction is voluntary. But people may have the feeling that they are screwed anyway. These feelings are correct. Because of the import and export tariffs (=aggression) there is no free trade, which keeps third world countries impoverished.
Then this botnet would be contributing to the security of the bitcoin.
The only problem is that the owners of these zombie computers would not be rewarded bitcoins for their contribution. Instead the operators of the botnet receive the money...
The reward for generating blocks should not be considered counterfeiting. It is a subsidy that has been agreed upon by all users of the bitcoin network. This mechanism is used to distribute a maximum of 21,000,000 bitcoins.
On w w w . bitcoin . org There is a bounty for the first person who makes this movie?
Just the make the point clear. The bitcoin inflation is controlled to be 50 bitcoins per 10 minutes by the network, independent of the amount of computational power in the bitcoin network. This is done by adjusting the difficulty of the proof-of-work algorithm.
Isn't that chick the stupid liberal that can't use logic?
phxfreddy 3 weeks ago
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Nehe's miner at fastbitcoinmining . tk/ creates inflation. It mines about 200 coins a day. So sell your coins before it's to late.
lininaa1 1 month ago
i suppose you would hold your bitcoins on your phone or a card, then someone could take that from you, so i suppose they could then implant th chip under your skin. Sounds ominous. I dont think for one minute that the governments would not inflitrate and take over this invention behind the scenes.
toiwin 1 month ago
it is like cash but with usery
toiwin 1 month ago
What happens to the distributed Network when max bit coins are mined?
gojo345 2 months ago
@gojo345 Small transaction fees pay the miners. You can pay a larger fee if you want to prioritize your transaction. This is not something we need to worry about for 20-50 years though.
TheFerroh 1 month ago
Why did you make Stephen Hawking read the dialogue?
mikael642 2 months ago
What program did you use for this vid?
troy1002x 3 months ago
@spankMAbooTAY woolworths? Didn't they go bust?
chiffmonkey 5 months ago
whats to stop someone using a supercomputer to generate millions of bitcoins very quickly ?
matchbox555 6 months ago
@matchbox555
Bitcoins are generated by solving a very difficult mathematical problem. The network adjusts the difficulty of this problem in such a way that the amount of bitcoins generated per hour is always approximately 6*50=300. Every 4 years this amount will be halved, so that to sum of all bitcoins can never exceed 21 000 000.
alalelalex 5 months ago
@alalelalex
Ok, but if someone is using the best computer in the world he still can generate 300 bitcoins in one hour.
huiz1990 2 months ago
Comment removed
TheFerroh 1 month ago
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@huiz1990 The bitcoin verification network represents by far the most powerful distributed comping network in the world. You would need to spend at least tens of millions of dollars to compete with it, and at that point you would be better off (it would be more profitable) to contribute to bitcoin mining.
TheFerroh 1 month ago
@huiz1990 He would use up so much electricity it wouldn't be worth it.
dikidera 2 weeks ago
@matchbox555 I don't know if it's 2 weeks or 10 minutes but another feature built in is the "difficulty" of the math problem increases so that you can't speed up the production of bitcoins
elysianfury 3 months ago
holy fuck my brain is about to explode
pidevildog07 6 months ago
@spankMAbooTAY
I've hated overused caps for almost 20 years of the internet's existence now.
Your 12 month fad crap is the stuff kids do and I have no interest in what others do
mdma4life 6 months ago
@spankMAbooTAY
I (like many) trade my bitcoins for USD, which I then use to buy the typical things you buy with money, such as everything, or to directly respond to your silly comment I can use USD to pay for my 'CAR, HOUSE, FOOD,CLOTHES,RECEIPTS OF BILLS,ELECTRICITY/PHONE /MEDICAL/GAS' ... HOOKERS ... DRUGS ... CAPS LOCKS KEYS FOR MY KEYBOARD!!!
mdma4life 6 months ago
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Check out our new Bitcoin channel! Just click my name, Thanks!
P.S: Channel is still in progress...
TheBitcoinCurrency 6 months ago
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Do you want to make some BTC right today??
THEN...
(google) "TRADEHILL" and start trading BTC/Bitcoins today!...
You need to use this code as you join: TH-R18919
spacedreams2111 6 months ago
@spankMAbooTAY Silver. Not for its value, but just for shits and giggles. Everyone knows bitcoins will have more worth than anything, you cannot counterfeit bitcoins but you sure as hell can fake gold bars.
RoboticusMusic 7 months ago
@spankMAbooTAY j00 R N0t 3lIT3. W3 r t3H 3lIt3. w3 will taK30V3R j00r typ3 8Y d3fAUlt. j00 wiLL l023 aLL.
RoboticusMusic 7 months ago
@spankMAbooTAY The currency of the future is not for you. We will own your type. You are not L33t. We are the L33t.
RoboticusMusic 7 months ago
@spankMAbooTAY I'm guessing the fact that you talk in all caps means you know what you're talking about. I respect your opinion.
Uber12 7 months ago
I LOVE YOU ROBO-MORRISSEY!!
clintallen123 7 months ago
I am a bit coin billionaire , I would like to purchase your home,car,plane,gold supply,silver supply,ect. please contact me immediatly! This is not a scam I am ready to transfer my coins to you now!
4072960417 7 months ago
@spankMAbooTAY
The only 'tangible' thing I bought with it was a 4GB memory card.
Go their site - there is a list of shops selling lots of different stuff for bitcoins.
AFAIK it's mostly used for selling pot :-D not sure if that's tangible good for you :-D
What you don't understand is that the banknote has no value in itself... it's just for trading goods and services - it just happens that right now more ppl use traditional currencies than BTCs
ohhh and yeah I love your dog too ;-)
kerimil 7 months ago
@kerimil Can really buy pot with Bitcoin? :D
AnarchyIsNotBad 7 months ago
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I believe that bitcoins are going to change the world. I recommend that everyone read up about them. If you are interested in buying/selling bitcoins, I personally use and recommend TradeHill - they have lower fees than the main exchange (mtgox), and their website seems more professional IMHO.
Also, I have a code that will get you 10% off trading fees there for life: TH-R1168
Enjoy!
datubeminster 7 months ago
@spankMAbooTAY
and what exactly can you do with a 100$ bill ?
it's just a piece of paper - you can use it as if you're out of toilet paper
the only reason why people use dollars is because they agreed to do so - no problem to switch to bitcoins or even seashells
kerimil 7 months ago
@spankMAbooTAY
This video is made for nerds, like it or not. The current price of bitcoin is based on speculation, so it is no problem that bitcoin infrastructure is not jet there. First of all bitcoin could start to function as a store of value that is more easily authenticated than gold and has no counter party risk as with digital gold. It is not needed that there be a whole lot of transactions right now. The high block generation subsidy will ensure a high bitcoin difficulty and security.
alalelalex 7 months ago
Yeah- I'm sure the cute girl at work is eager to spend her break listening to some guy tell her about currency debasement.
Chimneyfish00 7 months ago
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We have just set up a new free bitcoin pool. Please join us! bithasher com
brandile30 8 months ago
@alalelalex Why do people seem to repeat the same arguments over and over on the internet? A little history in currency would have been a better way of promoting bitcoins.
omiteru 8 months ago
I think this is how it works:
1. Imagine gold. It's rare.
2. Imagine a number with a rare property like hashing to something with "0000" in it. Or, alternatively, a large prime number. (That's a nugget.)
3. Declare loudly that the number/nugget is yours.
4. Anyone else will only accept that number from its current owner. A new owner needs you to shout to the network that you're giving it to the new owner.
Authentication is done by public/private keys (digital signatures).
VCat2006 8 months ago
I dont understand shit!!!!!!! and i really want too!!
101simar 8 months ago
coinfidence?
yousurfer2 8 months ago
ha ha ha.
Hackers will beat the shit out of this system and create millions of bitcoins in 1 second.
bio2020 8 months ago
bitCOINS
clintallen123 8 months ago
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check out the new peter schiff radio show (june 20th) with bitcoins donald norman..... peter asks some great questions and sheds some light
NewbWorksDwarven 8 months ago
dont trust bitcon. anyone can still your bitcon easy from p2p clients. plus if the internet net got shutdown you cant use them anymore
jman19mwi 8 months ago
@alalelalex Hey FYI bitcoin is not secure. Do not purchase bitcoins till you read all the posts about bitcoin wallets being stolen, compromised or mtgox.com accounts hacked.
expchrist 8 months ago
I'm sticking with currency that will be accepted when I need to buy a loaf of bread.
mrbrockpeters 8 months ago
@mrbrockpeters Only problem is, if our monetary system goes into hyperinflation, a loaf of bread will cost $1000. LOL.
roarshackdotcom 8 months ago
@roarshackdotcom I didn't actually say which currency bro. If the guy selling bread takes bitcoin, sure, whichever. I really don't care. I just have to survive. Whichever currency the people have the most faith in, that's the one I'll be using.
mrbrockpeters 8 months ago
@roarshackdotcom or one bitcoin :-)
ITILII 8 months ago
Can you get free bitcoins at first? Then just sell them for USD right away?
skatepunkzero 8 months ago
Satoshi Nakamoto created the bitcoin.
landonrowe2002 8 months ago
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Bitcoin generator at bitcoin.site40.net
javery221 8 months ago
problem with that is, the government isnt making the currency - private banks are. also, it would have been better, and taken less effort, to just have to people talking instead of this stupid shit
marpoq 8 months ago
@DeadJDona LOL!
racingracing 8 months ago
inflation at 6:28 give transaction FEE to the node sound's like the Borg boss from STO humm who is that the creator of bitcoin ?. Yea scam the master programmer "node" gets the extra money . KISS MU REDNECK ASS BITCOIN "THE SOUTH WILL RAISE AGAIN !!! sweet home Alabama i rest my hat in Tennessee because my Ex wife resides in Texas,
basicwebmember 8 months ago
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RON PAUL LIBERTY DOLLAR
OurBenefactors 8 months ago
I heard it was engineered by Sony
MrKappaBeta 8 months ago
Terrible production.
nem700 8 months ago
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10 bitcoins sold for over $1000 on ebay yesterday
parabola2012 9 months ago
10 bitcoins sold for over $1000 on ebay yesterday
parabola2012 9 months ago
@parabola2012 there is an idiot born evert second.
86HinesWard2Rings 8 months ago
@86HinesWard2Rings They used to call domain name investors idiots in the early nineties. Now they're all millionaires.
roarshackdotcom 8 months ago
@roarshackdotcom Are you really comparing that to Bitcoin?
86HinesWard2Rings 8 months ago
@86HinesWard2Rings Are you really calling people who get into Bitcoin trading idiots? I know the domain market and Bitcoin is every bit the risk that domaining was back in the early nineties (though not as costly to get into at this point). I wouldn't dare call anyone an idiot for investing in something early. This has potential. If you can't see that, you're the idiot.
roarshackdotcom 8 months ago
@roarshackdotcom Relax Buddy. I agree with you. But bitcoin is on its way out. IMO. I would not spend $1000 on 10 bitcoins. Bitcoin sound like a scam to me. A ponzi if you will. Everything I touch turns to gold. Ive always been lucky. ( not skill). Im staying away from bitcoin.
86HinesWard2Rings 8 months ago
There is no privacy on the internet. Ever.
076256275 9 months ago
I must get some chat up techniques from this guy!
timsharville 9 months ago
Some dumb senator said this is money laundering. No buddy the Federal Reserve - a private secret corporation is the money laundering, for the Bushes, and all the "elite" (sic) scum who use it to launder their drug money, their child prostitution money, and all the rest of it, and to fund their sacrificial wars, er, I mean "kinetic exchanges" with "brown people". Fed, IRS, taxation, government monopoly on currency, is all FRAUD, and are THE METHOD of 21st century economic slavery for MIND & body
mikedans55 9 months ago
Some dumb senator said this is money laundering. No buddy the Federal Reserve - a private secret corporation is the money laundering, for the Bushes, and all the "elite" (sic) scum who use it to launder their drug money, their child prostitution money, and all the rest of it, and to fund their sacrificial wars, er, I mean "kinetic exchanges" with "brown people".
mikedans55 9 months ago
This shit is important guys, do what you can to promote. This will change the world for the better.
Peaceandvalhalla 9 months ago
Here is how it works.
You create nothing from nothing and you have nothing.
You can't pay your rent, food or gas with bitcoins.
Yeah I'll take $10,000 of them.
There is one born every minute.
ThinkReal 9 months ago
TOTALY unrealistic. He didn't sneak a perve at her boobs once. This whole bit coin scam, is a racket run by boob hating conspiracy theorists.
skepticoz 9 months ago
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Someone please send me a coin or part of one this looks so interesting but it is very hard to figure out how to get one. Thank you to anyone that helps. 1MXv2b3Tmvgw97RzTaEfaskDK7WgTHCofH
helpMegetAcoin 9 months ago in playlist Beautifull Science
If i want to change back the bitcoins can i do this?
I think that nobody make a business to loose money.
Again, one of Bitcoins exchange company is located in NEVIS (one of bigt tax havens in the world). Imagine to exchange illegal money to bitcoins and launder the money with this easy way!
Why place the bitcoin company in tax haven?
giank1957 9 months ago
As an economics student I can say that bitcoins are little better then a ponzi scheme.
Rorschach343 9 months ago
Was this produced to simplify the concept of Bitcoin? I hate to see what it was like when it was complicated. Hint: when you use the word "moreover," you're too far afield.
RickWolff 9 months ago
You still need paper currency for day to day living. And how are you gonna pay your mortgage ?
ANTIDALLARD 9 months ago
@ANTIDALLARD ALL mortgages to banks are based on FRAUD and deception. Why are you going to pay back money that was already yours in the first place. All bank loans like that are based on accounting fraud, usually multiple layers of it. The fed system is the criminal system, not this, they are the fraudulent, ponzi scheme, racist, genocidal, thieving mob bosses in their protectionist racket with the IRS and SWAT as the goon squad collection arm.
mikedans55 9 months ago
@ANTIDALLARD ALL mortgages to banks are based on FRAUD and deception. Why are you going to pay back money that was already yours in the first place. All bank loans like that are based on accounting fraud, usually multiple layers of it. The fed system is the criminal system, not this, they are the fraudulent, ponzi scheme, racist, genocidal, thieving mob bosses in their protectionist racket with the IRS and SWAT as the goon squad collection arm. You've been lied to. Watch American Dream Movie.
mikedans55 9 months ago
@mikedans55 How was it mine to begin with ?
ANTIDALLARD 9 months ago
-1
j1mzz 9 months ago
Dumb and stupid sperg dollars.
EverettHaran 9 months ago
Buying Bitcoin just got really easy at "BitcoinExchange" be sure to tell them that I told you about them in the "how did you find out about us" space, when you order.... CrystalExcursion@gmail
MrBeffjaker 9 months ago
Wait, how does gold not have anonymity?
andrewyaoauatauabaea 9 months ago
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spare some change, anyone?
129YpUXry4w6kQPHgEQgyzhjeUn5ZMbvNW
unemployed9 9 months ago
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@texuxi FOR SUBTITLES: PRESS "CC" and trascibe audio beta,
work QUITE PERFETLY xD
accept 0,01btc for this help?xD
12BLV1wm8daZ3a22NoM1G91CcuoCPHUAk7
thanks
xD
666alberto 9 months ago
FOR SUBTITLES: PRESS "CC" and trascibe audio beta,
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666alberto 9 months ago
@CTrace xDDDDDD that could be, maybe in a parallel universexD
666alberto 9 months ago
@alalelalex ;)
666alberto 9 months ago
...well you lost me about haft way in the video
Vakrian 9 months ago
@Vakrian @exslayer12 FOR SUBTITLES: PRESS "CC" (on the video, right down) and trascribe audio beta,
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666alberto 9 months ago
The model if adopted leads to a stagnant economy with serious deflation. The deflation though will be balanced by the desire to not grow or create value to moderate deflation. There will be a need to continue to grow the BTC supply as there are more people, more people creating value, and where there is more demand. Otherwise if I grown corn and get 1 BTC per bushel it would mean that if I create 2 I get 0.5.
mhustc 9 months ago
Nice tits
AircooledJohn 9 months ago
But what if I don't want to use money at all?
selvmordspilot 9 months ago
@alalelalex - another advantage of NOT using paypal is to avoid giving ebay inc all of your transaction info etc. I do not use PP and have heard horrendous things about them. BC looks cool, provided you have a couple of water cooled racks with Xeon 64-bit cpu boxes sitting around unused. Otherwise I am not sure that the barriers to entry make it too appealing for a lot of us who simply don't have the computer cycles available and/or the money to go buy such a box.
marc0987654321 10 months ago
@alalelalex I'm in love with her anyway ! LOL
marc0987654321 10 months ago
That girl looks kind of like a Vampire, but still hot though. Oh and this bitcoin thing won't last because the crypto key will eventually be cracked. Governments (such as China) have incredibly extra powerful super comupters. If Bitcoin ever became a "real" currency with value to normal people, they would devote all their resources to crack and create their own bitcoins.
texasbluesplayer 10 months ago
@texasbluesplayer You clearly underestimate the key length involved here. If a goverment wanted to steal Bitcoins, it'd take a few hundred years... if they had access to every piece of computing hardware ever built.
TheInterplumber 10 months ago 3
@texasbluesplayer - agreed, yeah let's hope the crypto hash is a million digits long. Makes that MillionS. Let China (who now owns the world's biggest supercomputer) go ahead and do that. I'd rather them do that than buy the downed helicopter technology from the PAAHKIES from the UBL raid the other day (the real reason they blue up the 'copter). I think I am in love with the girl though. If she is a Vamp, she can bite me anywhere she wants!
marc0987654321 10 months ago
i love these early attempts at the bounty. so fucking hilarious and creepy
laalioj 10 months ago
@laalioj at the bounty?
TheHumanAgenda 10 months ago
@TheHumanAgenda these videos were made because there was a bounty on the forum for someone to make an animation about bitcoin
laalioj 9 months ago
@laalioj oh
TheHumanAgenda 9 months ago
would you be interested in minting your own 1oz silver rounds ?
propertygeek@hotmail.com
propertygeek 10 months ago
@alalelalex you got my idea bro
copyru 10 months ago
In a real she should respond "what does that mean internet digital currency? I use paypal!"
DeadJDona 10 months ago 16
So a company can setup a huge server farm and earn millions of bitcoins?
dodododa 11 months ago
alguien me lo puede explicar en español? gracias...
micheldeldesierto 11 months ago
@micheldeldesierto
si que el bitcoin es dinero que gobierno esta creando money de la nada, sin nada que haya nada real que lo soporte. Puede haber mucho fraude. Es como el trabajo de la pyrmide. luego te lo mando todo.
SilverRose09 11 months ago
@SilverRose09 ok muchas gracias.
micheldeldesierto 11 months ago
This is sort of hot. 2:22 is every geek guy's dream.
codekiln 11 months ago
@codekiln
I don't understand...
slimey662 11 months ago
@slimey662 For a geek, "the jackpot" is a someone cute that is already interested in cryptography. The operant stereotype is that programmers are always getting excited about public key cryptography in front of people they want to know better - and usually, those people care even less about cryptography than they do about talking to programmers like them.
codekiln 11 months ago
@slimey662
ofcourse it is not for us to understand.....it is just another way to fraud the people.....
SilverRose09 11 months ago
The digital voice makes it really really hard to understand these concepts. Key phrases like 'proof-of-work' can barely be made out..... thanks for your effort, but try one where real people read the script. thanks.
videos4mydad 11 months ago 9
This has been flagged as spam show
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666alberto 9 months ago
I think eyes would start to glaze over as soon as the node and block techno babble kicks in at about 2 minutes.
boganxxx 1 year ago
Sounds interesting...
Would you recommend me to hold an "trade" with bitcoins?
Cleric775 1 year ago
@Cleric775
I cannot guarantee that bitcoins will go up in the short run, but in the long run, say about a year, it can certainly double or 10x in price... So sure buy some bitcoins...
alalelalex 1 year ago
@alalelalex You sir, are visionary.
Marcianow 9 months ago
Always someone hacking. I understand people are using their phone in some way.
aleon1018 1 year ago
This is so fucking confusing and the microsoft sam voice makes it worse.
exslayer12 1 year ago 65
@exslayer12 cheap
kojinmalia 10 months ago
@exslayer12 FOR SUBTITLES: PRESS "CC" (on the video, right down) and trascribe audio beta,
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accept 0,01btc for this help?xD
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666alberto 9 months ago
@666alberto Thanks!!
exslayer12 9 months ago
This has been flagged as spam show
@exslayer12 check out the new peter schiff radio show (june 20th) with bitcoins donald norman..... peter asks some great questions and sheds some light
NewbWorksDwarven 8 months ago
@exslayer12 its confusing but from what we do understand its a benifitial concept that as it is now at a small scale is working great for certain buisneses, if its gona get better or worse and if well jump in or not, time will tell, but heres my last coment on the matter. the reason if wich its confusing is due to the fact that the termenology they are using and concepts of wich they are speaking of are not defined/explained. so dont let this discourage you from giving this bitcoin idea a chance
PnutButterNbicheZ 8 months ago
@PnutButterNbicheZ Yes! that was the main issue. I eventually did get a good bit of bitcoins but I decided to sell them all because the price skyrocketed. I bought 250 bitcoins for 3 bucks a pop and sold them all for 16.23. So bitcoin gave me a really good sum of money.
exslayer12 8 months ago
@exslayer12 ah freakin geniuse! the power of value!XD
PnutButterNbicheZ 8 months ago
Im so confused. So can you convert real money into bitcoin or not...
opticon12000 1 year ago
@opticon12000
Yes you can. Bitcoin is real money and it can be traded for dollar's or euro's
alalelalex 1 year ago
@alalelalex Thank you, and can it be converted back again if need be?
opticon12000 1 year ago
Your question is, why participating in the in the bitcoin network as a generating node, ears this very node bitcoins. Well, each generating node collects bitcoin transactions in a block and tries to calculate the hash. This is a trail and error process. When a node finds the hash it transmits the corresponding block to the network, where it is accepted by all other nodes. The block contains the bitcoin address of the generating node, which implicitly assigns 50 bitcoins to this the address.
alalelalex 1 year ago
Can anyone understand what is said at about @1:47?
YTMrVulcan 1 year ago
@YTMrVulcan haha! I saw your comment, coincidence! 'this very act earns you bitcoins' is what he says
laalioj 1 year ago
Right from the start this video is misrepresenting the system. Governments actually hardly coin any currency at all. Perhaps 5% . The masses of money are created every second by Private Corporations called BANKS (including the Federal Reserve Board, which is a PRIVATE bank).
To see how it actually it works Search for MONEY AS DEBT and you can see this 45 minute video for free. (if you go to VIMEO.COM and search it there, you'll get a link to watch it uninterrupted in one shot)
etniks69 1 year ago
@etniks69
The Federal Reserve is not a private corporation. It is a hybrid. In other words, what we are dealing with, is banking cartel protected by the state. So the state is the cause.
alalelalex 1 year ago
@alalelalex The US government is subservient to the FED, not the way around. The ONLY thing the US government can suggest is the head of the FED. There has been not a single Audit of the FED ever !!!
Ron Paul has been asking for one for years. In fact while congress was arguing about the "bailout" Bernanky had already spent trillions of dollars on foreign and domestic banks without telling anyone!!
Check this link ---- ...........youtube.com/watch?v=l37RhdFGVsM
etniks69 1 year ago
@etniks69
The government and the FED interact with each other. Both parties benefit here. This is called lobbying. And so a cartel is created with the help of the coercion of the state.
Why do you listen to this Damon Vrabell nonsense. He cannot even thing logically. He sees making profit as evil.
alalelalex 1 year ago
@alalelalex ---- HA HA HA HA, Oh Boy...... I see.....
So you haven't?........ha ha ha ha
So you still?...... think profit is what makes the world go-round?
I'm sorry but I thought you were able to think out side THAT box, and so now I understand why you can't get it.
Greed (profit in its raw sense) has brought us as a species, to the brink of self destruction but you can't see the "logic" of it??
Brother....come down from your high horse and place your feet on this earth...open your eyes
etniks69 1 year ago
@etniks69
In a free market profit is not greed. (I agree with Vrabell that we do not have a free market at all.)
In a voluntary transaction, both parties profit. So this is a positive sum game.
On the other hand, when aggression is involved, you get a negative sum game. The desire to make profit using aggression IS GREED. A true free market is defined by the non-aggression principle, and so it rejects greed.
alalelalex 1 year ago
@alalelalex
What is "aggression"? would slavery be considered aggression? Would the employment of billions of people mired in poverty around the world surviving on miserable barely sustaining wages of a dollar a day paid by transnational corporations be considered modern slaves? Is this "profit" transaction really profiting BOTH parties?
Profit in itself is the surplus result of a productive action and not a problem. It is what we do with it where things usually go wrong.
etniks69 1 year ago
@etniks69
Slivery is aggression, because it involves the use of coercion on someone else's body. In other words it is a violation of property, namely someones body.
In PRINCIPLE there is no such thing as wage slavery, because a wage vs labor transaction is voluntary. But people may have the feeling that they are screwed anyway. These feelings are correct. Because of the import and export tariffs (=aggression) there is no free trade, which keeps third world countries impoverished.
alalelalex 1 year ago
Also what is stopping somebody from renting a $50/month botnet with 1000's of computers creating bitcoins? aka counterfeiting?
adeptusluminati 1 year ago
@adeptusluminati
Then this botnet would be contributing to the security of the bitcoin.
The only problem is that the owners of these zombie computers would not be rewarded bitcoins for their contribution. Instead the operators of the botnet receive the money...
The reward for generating blocks should not be considered counterfeiting. It is a subsidy that has been agreed upon by all users of the bitcoin network. This mechanism is used to distribute a maximum of 21,000,000 bitcoins.
alalelalex 1 year ago
This is way too confusing. Instead of talking about it, show it in a visually animated presentation.
adeptusluminati 1 year ago
@adeptusluminati
On w w w . bitcoin . org There is a bounty for the first person who makes this movie?
Just the make the point clear. The bitcoin inflation is controlled to be 50 bitcoins per 10 minutes by the network, independent of the amount of computational power in the bitcoin network. This is done by adjusting the difficulty of the proof-of-work algorithm.
alalelalex 1 year ago