Greg Maxwell's economic ignorance on full display

[rogerver]

Roger's response was childish. I would have expected Roger to take the high road instead of responding with his own insults.

Perhaps I'm blinded by my own words, but I don't see how calling someone economically ignorant, when they have publicly demonstrated that they are, is an insult. It's not an insult, it's just a statement of fact. The breadth of human knowledge is so vast now, that all of us can't help but be ignorant to 99% of it.

[iFixBTCmemoryIssues]

Roger's response was childish. I would have expected Roger to take the high road instead of responding with his own insults.

Perhaps I'm blinded by my own words, but I don't see how calling someone economically ignorant, when they have publicly demonstrated that they are, is an insult. It's not an insult, it's just a statement of fact. The breadth of human knowledge is so vast now, that all of us can't help but be ignorant to 99% of it.

Perhaps you are furious as to what these scammers have done to Bitcoin and continue to do.

You are able to use kind words, as for me, I've had enough of being nice.

Until Core is wiped out, I will be one cold mother fucker towards them. Scamming, lying stupid cunts. How's that for a technical argument, scammers.

Off to play golf

[TsonicTsunami]

There will only be 21 million Bitcoin.
Ether has zero hard limit, there are 80,767,367 ETH available supply today with no end in sight.
Sell your Bitcoin for Ether, go ahead! Economic life study? Laughable!

[rogerver]

There will only be 21 million Bitcoin.
Ether has zero hard limit, there are 80,767,367 ETH available supply today with no end in sight.
Sell your Bitcoin for Ether, go ahead! Economic life study? Laughable!

I haven't sold any of my Bitcoin for Ether other than a few hundred dollars worth goofing around with Shapeshift.io
I did buy some ether with my unlimited in supply USD though.
Supply and demand set the price. If the supply is near infinite, the price will be near zero.

[iFixBTCmemoryIssues]

There will only be 21 million Bitcoin.
Ether has zero hard limit, there are 80,767,367 ETH available supply today with no end in sight.
Sell your Bitcoin for Ether, go ahead! Economic life study? Laughable!

I haven't sold any of my Bitcoin for Ether other than a few hundred dollars worth goofing around with Shapeshift.io
I did buy some ether with my unlimited in supply USD though.
Supply and demand set the price. If the supply is near infinite, the price will be near zero.

Roger,

1) Invest at least $100K worth of BTC in Ether, why not, it's a decent gamble.

2) Can we organize Bitcoin.com so that it either a) promotes Unlimited c) promotes its own coin 3) all of the above.

I have more businesses, individuals and in general, marketing power to make this happen.

All Core does is go down the wrong direction, our economic + programming power will put these guys in their places. When we're in the trillions and they are in the millions, we'll laugh all the way to our own bank.

I won 11 grand today, I'll invest 30% of this + a fair amount more.

We don't need these strangers, we have the power, forget the debates. Let's do some good, make some money and help some real people.

[iFixBTCmemoryIssues]

There will only be 21 million Bitcoin.
Ether has zero hard limit, there are 80,767,367 ETH available supply today with no end in sight.
Sell your Bitcoin for Ether, go ahead! Economic life study? Laughable!

It's about ROI, if you invest $100K and return $130K, great.

If you invest $100K and return $1M, perfect.

10 for 1 or more is what I'm about, not sure what type of economics you are on.

[zju]

Roger's response was childish. I would have expected Roger to take the high road instead of responding with his own insults.

Perhaps I'm blinded by my own words, but I don't see how calling someone economically ignorant, when they have publicly demonstrated that they are, is an insult. It's not an insult, it's just a statement of fact. The breadth of human knowledge is so vast now, that all of us can't help but be ignorant to 99% of it.

Why did you have to call him anything?

[TsonicTsunami]

There will only be 21 million Bitcoin.
Ether has zero hard limit, there are 80,767,367 ETH available supply today with no end in sight.
Sell your Bitcoin for Ether, go ahead! Economic life study? Laughable!

It's about ROI, if you invest $100K and return $130K, great.

If you invest $100K and return $1M, perfect.

10 for 1 or more is what I'm about, not sure what type of economics you are on.

Perhaps a reread? Let me know when the penny drops.

[Steffenpp]

The only ignorance on display here is RogerKvers. He does not seem to understand what is going on. I doubt he has attended any of the scaling conferences, or even looked at single piece of material regarding scaling. He has not heard the arguments for the status quo. Yet he does not hold back on sharing his uninformed and not very humble opinion.

[rogerver]

The only ignorance on display here is RogerKvers. He does not seem to understand what is going on. I doubt he has attended any of the scaling conferences, or even looked at single piece of material regarding scaling. He has not heard the arguments for the status quo. Yet he does not hold back on sharing his uninformed and not very humble opinion.

Nearly every waking moment of my life has been devoted to Bitcoin things for the last 6.5 years.
I watched the entire live stream of the Canadian scaling bitcoin event, and attended the HK scaling event in person.
I've heard the current arguments, and am open to having my mind changed from new arguments. I hope the same can be true of the other side.

I also think keeping Segregated Witness a secret from everyone until the HK event was a big mistake. People need time to read and understand everything. The HK event felt like the "SegWit Solution" had already been decided in secret before the event even took place.

[benjy]

The solution: diversifying financially and mentally away from Bitcoin to ... yes, Altcoins. The Bitcoin project and software is showing its weaknesses: some unsolved problems such as no proper incentives besides the block-reward (fee market needed), the mind-boggling complexity of the software (100,000 lines of C++ only ~5 people in the world understand - Bitcoin 0.01 was 10,000 and much cleaner), the limited capability (Bitcoin script is powerful, but future generations will be 100x more so), the centralization of development (somebody has to make decisions in the end).

Sidechains, SegWit and Lightning will not solve the issues. Sidechains have been proposed by core in 2014 and still not any signs of progress (I'm personally amazed anyone would invest 1$ in this stupid idea). The original Bitcoin has nothing to do with Sidechains, Lightning or SegWit.

What's needed is new projects which try to make things better. I don't believe Bitcoin can grow 100x from here. The probably of success of another coin is more likely, as it can address all issues from scratch. The best way to carry on the revolution is to move on from Bitcoin and support new efforts. The good news is that people who will support new currency projects will also be financially rewarded.

[iFixBTCmemoryIssues]

The solution: diversifying financially and mentally away from Bitcoin to ... yes, Altcoins. The Bitcoin project and software is showing its weaknesses: some unsolved problems such as no proper incentives besides the block-reward (fee market needed), the mind-boggling complexity of the software (100,000 lines of C++ only ~5 people in the world understand - Bitcoin 0.01 was 10,000 and much cleaner), the limited capability (Bitcoin script is powerful, but future generations will be 100x more so), the centralization of development (somebody has to make decisions in the end).

Sidechains, SegWit and Lightning will not solve the issues. Sidechains have been proposed by core in 2014 and still not any signs of progress (I'm personally amazed anyone would invest 1$ in this stupid idea). The original Bitcoin has nothing to do with Sidechains, Lightning or SegWit.

What's needed is new projects which try to make things better. I don't believe Bitcoin can grow 100x from here. The probably of success of another coin is more likely, as it can address all issues from scratch. The best way to carry on the revolution is to move on from Bitcoin and support new efforts. The good news is that people who will support new currency projects will also be financially rewarded.

Thanks for the advice, some of it will be followed.

As for my losses, I will recoup this from those responsible. This includes; attacks on my network, stealing from me, halting business operations and day-to-day aggravation due to this whole scam.

On to the good news, I am working on taking the BTM project and molding it into CTM, (Bitcoin Teller Machine > Crypto Teller Machine). This way, if one crypto-currency holds the business up, we simply discontinue service until further notice. Investors see profit in the plan and so we will navigate accordingly.