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originally posted by: stormcell
The way Bitcoins and cryptocurrency are implemented had my suspicions. First they require servers to run on your PC (some people have mining rigs, so that concern is eliminated). Then there was the risk of having your accounts raided due to to theoretical bugs - leading to the split between Bitcoin and Ethereum. Many of the prebuilt packages actually became tagged by virus scanners as having infections.
From an economic point of view, cryptocurrency makes people spend money of GPU's (there's already a shortage of 1050i's), consume vast amounts of electricity and internet resources and exchange real-world currency to China and Russian exchanges in exchange for virtual currency.
originally posted by: Revolution9
a reply to: StallionDuck
Now it looks like a technological primeval tennis ping pong game, lol.
Bitcoin was anti Semite, too. The inventor never intended it so, JUST some of the buyers.
Bye bye Bitcoin. I hope this teaches a few people a lesson about greed.
The Russians would have used it to topple the West.
All criminals were using it. Unwary fools were/are investing in a game dominated by organized international crime. How does that feel?
originally posted by: ChaoticOrder
originally posted by: Revolution9
a reply to: StallionDuck
Now it looks like a technological primeval tennis ping pong game, lol.
Uh no, it's a bit more complicated than ping pong.
Bitcoin was anti Semite, too. The inventor never intended it so, JUST some of the buyers.
Lmao...
Bye bye Bitcoin. I hope this teaches a few people a lesson about greed.
If they bought below $8000 they've still made a profit... this time last year it was around $1000. Only near the end of last year did it rise above $5000. This is simply a natural market correct which anyone could have predicted, the price of many coins has exploded in the last few months and after a massive jumb they always fall back down. Trust me they will go back up like they always do. If you listen to fools on the MSM who know nothing about how the market works then you will not have an accurate understanding of how these things work.
The Russians would have used it to topple the West.
Lol the western debt based banking system may be threatened by cryptocurrency... but that is something we should all want, not everything is a Russian conspiracy to destroy the West. Russians were not behind the creation of Bitcoin at all, it was created by people who were sick of the traditional banking system and wanted something that wasn't completely rigged from the bottom up.
All criminals were using it. Unwary fools were/are investing in a game dominated by organized international crime. How does that feel?
It feels like liberty, the war on drugs will never work and I should be able to do what I want with my own body. Having said that, I've never bought drugs online and would never try because it seems very risky. When silk road went down a while back it barely even affected the price of Bitcoin, so clearly there is a very large amount of economic activity which does not involve crime.
originally posted by: Asktheanimals
Why wouldn't AI seek out power through every means possible, including creating it's own currency? It seems very probable in my mind as would it seeking out to gain as much knowledge as possible through every available means. Creating it's own viruses to hijack other systems, manipulating human life to meet it's desires, who knows?
AI is so far beyond our reckoning it will be the most alien thing possible.