Truths, Bitcoin shills doesn't want you to know

[Roulette Zeitung]

Like AGD at some point, also GPWA was at the edge to mutate into an uncritical Bitcoin Hype forum.

Due to my 173,000+ views Lucid Diary here on GPWA, I know, that the silent majority of the GPWA readers are searching for facts and are interested also in uncomfortable truths. They are not that stupid as some believe and it was always clear, the esteemed audience cherish the longstanding care of threads.

I do not need personal insults on the lowest level to spread the truth, which is unfortunately a common pattern here in major parts of the "Bitcoin Community", and that says it all.

You'll find here in this threads sober facts and news, the Bitcoin shills doesn't want you to know. Imagine, how bad the people are feeling now who invested into Bitcoin last December at $20,000 due to the hype and are now waiting to recover from their 50% loss.

This thread I will care from now on for a very long time I believe. Consider it as an informative counterbalance to uncritical reporting here on GPWA.

Leopold

[Roulette Zeitung]

Nobel Prize Winners on Bitcoin

Robert Shiller, Nobel Prize Winner in Economic Sciences

Yale Professor Robert Shiller, Nobel Prize Winner in Economics, warns that Bitcoin reminds him "of the Tulip mania in Holland in the 1640s" and that Bitcoin "might totally collapse and be forgotten", which is in his opinion "a good likely outcome".

With respect to the fact, that "we still pay for tulips even now and sometimes they get expensive", Bitcoin "could linger on for a good long time, it could be here in 100 years", he says.


Joseph Stiglitz, Nobel Prize Winner in Economic Sciences

Columbia University Professor Joseph Stiglitz analyzed, that "Bitcoin is successful only because of its potential for circumvention, lack of oversight".

Bitcoin "doesn’t serve any socially useful function." and "so it seems to me it ought to be outlawed", Stiglitz predicts.

---

Nobel Price Winners in Economic Sciences are no idiots.
Best educated.
Highly intelligent.

Leopold

[PROFRBcom]

Imagine, how bad the people are feeling now who invested into Bitcoin last December at $20,000 due to the hype and are now waiting to recover from their 50% loss.

Imagine, how good the people are feeling now who invested in Bitcoin December 2016 at $750 a coin. Or December 2015 at $350 a coin. Or December 2014 at $300 a coin. Or December 2013 at $700 a coin. Or December 2012 at $13.50 per coin.

[Roulette Zeitung]

First of all, thank you very much, that you did not used any pseudo-arguments against well educated Noble Price Winners.

It's very easy to "argue", to turn back the clock to a period, where Bitcoin had a complete different meaning and was more an idea than a hype like today, with all indications being a bubble.

And this pseudo-argument does not help the people, who invested their bonus and annual special payments the days before last Christmas into Bitcoin and not on Christmas half a decade ago.

Many people invested only due to the hype. They were told all over the social media, forums and even TV, that they will be quasi rich within months, and the quality of that hype has indeed some pattern of a Ponzi Scheme. Now they have to wait longer as expected, perhaps a very long time.

The truth is, that the Bitcoin from today has nothing to do with the original Bitcoin philosophy. The Lightning Network idea with their centralization shows, that the original Bitcoin philosophy is dead. It's only a speculation tool and a crime currency, yes, a crime currency, which I will explain in every detail here in this thread in the future.

As the title says it: "Truths, Bitcoin shills doesn't want you to know!"

A study from Credit Suisse proves, that 97% of all Bitcoins are in the hands of only 4% of all owners, the whales. Many know each other, even personal, from the old good days, and there are many indications, that again and again the price was manipulated as the result of illegal arrangements.

The 3% remaining Bitcoins and their owners, they play voluntary the role of a promoter of Bitcoin, some so intrusive like a drug pusher while the whales are rubbing their hand with glee. The small Bitcoiners are milked with insane transaction fees. Some idiots perhaps making selfies with their new rubber doll, purchased with Bitcoin, but you will not see the transaction fee bill on the picture.

Sweden's leading "Nordea Bank" prohibits employees from trading Bitcoin.
Israel to ban companies from the stock market who are dealing with Bitcoin.
Major software dealer "Steam" already banned Bitcoin.
And now also payment processor "Stripe" ends support for Bitcoin on 23. April 2018.

Everyone with a clear mind asks her-/himself: "What's wrong with Bitcoin?"

Quite a lot!

And the reason for the existence of this thread, and why it will be continued, come hell or high water.

Leopold

[TheGooner]

RZ has no coins.
He had the opportunity of a lifetime in this industry and he was too dim to realise it.

He now spends his time ranting against crypto-tokens trying to justify his slowness to grab an opportunity.
This is because he is unable to admit "he was wrong", that "he is not an expert" and that "he has missed a chance at wealth".

We all know people like this - their ego prevent them from correcting themselves and they rant and rant and rant.

Poor RZ. Pity the fool.

[sweetbet]

Imagine, how bad the people are feeling now who invested into Bitcoin last December at $20,000 due to the hype and are now waiting to recover from their 50% loss.

Markets go up and down all the time. Whether people invest in gold, energy companies or banks, it's a risk that they choose to take. Experienced investors will wait to buy the dip, but then there are those (amateur or inexperienced) investors who will just jump in and buy high out of FOMO, then complain that they lost money. People who don't know how to trade, should not trade.

[Roulette Zeitung]

"he was too dim"
"He now spends his time ranting"
"Poor RZ. Pity the fool"
"We all know people like this"

Exactly.

We all know people like this. As the audience can see with this post from TheGooner, other posts in other threads, some, I repeat: some Bitcoin pusher - especially here in this forum - have no arguments, only insults, personal attacks and allegations, and now they try to hijack this only critical thread on GPWA with insults, personal attacks and allegations, despite the fact, they have their own 20+ Bitcoin threads here on GPWA with the opportunity to write their opinion there, threads I never ever will fill again with one single sentence.

Some want to silence the only "Anti-Bitcoin" thread here, the first day after it's open!

Fortunately, this is not always the case.
Look at Sweetbet's post. It's the prior post. This is something, which is worth reading. Thoughts, that are comprehensible.

"He had the opportunity of a lifetime in this industry and he was too dim to realise it."

The opportunity of my lifetime was the marriage with my wife and the successful education of our children, that they learned, that decency and empathy are essential, and they agree today as a modern and younger generation with their parents, that it is not right to provide unlimited support for a so called currency, which is e.g. the only payment method accepted in the Darknet to pay for a live feed, also right now in this moment, where children will be abused, tortured and finally killed.

Unfortunately, it came out, that some Bitcoin pusher in this forum quasi mocked and downplayed this child abuse, which was for me personal at the edge of tolerability.

In my family transparency and a mutual exchange of ideas and viewpoints was always a key element, even if we have e.g. several different political opinions, so it was never boring, but with respect to the Darknet in combination with Bitcoin, also my wife and my children share the same opinion, because if this is not a matter of decency, what else can be?

Everyone is free to make a fine profit with Bitcoin if possible. Make a profit and sell it. I had several small companies in my life with a lot of employees, and I had to be the role model for all of them.

I am not religious in the classic way, but I am very spiritual and believe in some kind of entity, and what I know about the Darknet and Bitcoin is so disturbing, that I cannot wipe it off.

Sell your Bitcoin, dear reader, because at some point one must decide, if she/he will support with her/his Bitcoin ownership the most cruel crimes of the world, crimes that cannot paid with cash, not with goods, not with diamonds or Gold. Crimes, that can only paid with Bitcoin, and crimes, that only exists due to Bitcoin!

Again, it is a proven fact, that I said it public here on the forum in the past, here in this thread, and now again: There is nothing wrong with making a profit with Bitcoin, but the fact, that some kinds of the most brutal crimes only exists due to Bitcoin is a question of responsibility, especially if you have children. Money is not everything. Latest, when you are dead, you will recognize it. In my life I had always enough money for a nice life. Other things are more important, e.g. decency or health. Even with billions you cannot win the fight against cancer in the most cases.

Pusher, like drug pusher are losing the connection to the reality. Some Bitcoin pusher only live in the internet, in a fantasy world. In the real life you would be shocked, how weak some are, without friends, family, nothing, only mental illness, some of them, and especially here in this industry, what really shocked me.

I have seen places, where also Bitcoiners are accepting other peoples opinions and sharing their own thoughts. They are not insulting the critics. They try to argue, which is a good thing. Sweetbet is one of the few here, the very few. He loves his Bitcoin and has trust into it. There is nothing wrong with it, because he is no pusher. This is the difference. Live and let live.

But if some other, arrogant people would ask the guys directly into their face, who were trapped by Bitcoin pushers only a few weeks ago, round about last Christmas, how they now feel after losing 50% of their investment, when they were quasi told, that they will be rich in some months, again: this is the important point, the pushing, if they would be asked, this could easily end with a slap into the face.

Of course there are swings, but in the Bitcoin case people often are pushed to invest into Bitcoin also with viral spreaded fake news e.g., that Amazon will accept Bitcoin. This is wrong and the same behavior as in the Multi-Level-Marketing or Pyramid Schemes. It's this kind of promotion, which is just irresponsible in my opinion!

I only started this thread with two sober quotes from Nobel Prize Winners in the 2nd post and already 9 1/2 hours later the first street level attack started.

This is also the reason, why a major part of the audience is just fed up with this behavior on GPWA, and I can truly understand this people.

Leopold

[TheGooner]

You regularly disparage an industry with thousands of projects, with hundreds of thousands of people working on next level crypto-graphic block chain developments and billions of dollars of investment.

It is an industry that is probably going to have more beneficial impact on humanity than any other single development, including electric cars, and sustainable energy .... particularly in removing financial middlemen and parasites and providing next generation banking for billions of people that have no access to anything other than a cash / black-market economy.

It will reduce poverty, and will provide opportunities for investment and rewards to people all around the globe, irrespective of which country they were born in. The block-chain coupled with mobile phones will give an opportunity to the 6 billion people on this planet who were simply unfortunate to be born outside of the Western bloc.

You ignore all this and write about Italian mafia, child abusers, and all manner of dark web subjects with no knowledge other than a google search. All you can write is bitcoin, bitcoin, and spout anecdotal hearsay about some evil deeds that were done with crypto, ignoring that they've been doing all this for cash / gold and payment in kind for centuries using Denarii, Guilders, Francs, Ducats, Marks, Dollars and Euros.

There is a dark side to human nature, but crypto does NOT fuel it, it is NOT anonymous, it's trackable, traceable , and accountable.

What you are writing is so one-sided, so far off the mark, and so irrelevant that it needs to be challenged in EVERY thread so that newbies are not fooled into thinking that RZ has any idea about cryptography, the blockchain and what the industry is.

You are a fool, but you are also a loud fool, and so I write contrarian posts to provide information.

To anyone out there reading the mis-informed and geriatric diatribe that RZ posts .. please ignore him .. AND DO YOUR OWN RESEARCH.

[Roulette Zeitung]

"crypto does NOT fuel it, it is NOT anonymous, it's trackable, traceable , and accountable."

This is really the most insane statement I have ever seen from a Bitcoin pusher. After searching on Google for 5 minutes after the Darknet even newbies know exactly, what kind of nonsense you are writing here.


"The block-chain coupled with mobile phones will give an opportunity to the 6 billion people on this planet who were simply unfortunate to be born outside of the Western bloc."

Which opportunity you are talking about? A majority of the "6 billion people" have no money, a short life expectancy, no access to clean water, no electricity and have to sleep outside or in cardboard shanties or are fleeing from war. But of course, zillions of smartphone shops in the middle of the misery will solve that problems and will create a wonderful Disney World for them. A fine Science Fiction story for bedtime, but that's all. And of course, following your statements, the Nobel Price Winners must be also complete fools, right?

Yes, Joseph Stiglitz, Nobel Prize Winner in Economic Sciences, must also be an complete idiot, when he says, that Bitcoin "doesn’t serve any socially useful function." You know it simply better. Perhaps you should nominated for the next Nobel Price in economic science?


"You are a fool, but you are also a loud fool"

Yes, yes, yes. Bla bla bla. Do you know what? You will not make a hate thread also here from this thread as you was also part of a hate thread against an innocent user here and also part of a hate thread against GPWA at AGD, where you threw dirt on all GPWA staff people, when you quasi stated, that they are complete idiots. Both threads a total flop. It's all public. It's also a proven fact, and so, in the meantime you and the other 6 people of your gang have debunked themselves.

You can scream, smear and slander with your huge backlink farm signature, but it doesn't work anymore. The only ones, what made a fool of themselves with that both hate threads, this is you and your uneducated entourage.

Again: I know for a fact in the meantime, that mental illness is very common in this industry. First I thought, this is a joke or satire. But latest after the last few weeks, what happened here on GPWA, I can confirm that claim.

So, and now I will not concentrate on haters anymore. Back to the facts.

---

Newcomer, double check everything!

Cryptocurrency traps and losses

IOTA

Criminals are using the Bitcoin Hype for new opportunities, they had never before. One of the recent organized operations was the "IOTA-Incident". IOTA is a cryptocurrency, designed for the Internet of Things.

Shortly after the start the first ads for fake IOTA wallets were online:



Criminals know, that especially newcomers have not that knowledge they should have. The IOTA-Incident was one more confirmation for this, because a lot of people lost a lot of money.

Probably the owners of Iotaseed.io have collected over months the seeds of their victims. Then they waited for a good moment, orchestrated a DDoS attack against many of the IOTA fullnodes and stole the money. There are many victims and there is a huge loss!

Here are more information about the damage, a website for IOTA victims: https://www.iotawalletloss.claims/

You can also use the hashtag #IOTASTOLEN.

Before you invest one Cent in any cryptocurrency, you must first search for all the fakes, the traps and the danger, because cryptocurrency is Wild West, a paradise for criminals, and you have almost no recover from any damage. If it's lost, then it's gone. Period.

Leopold

[dfiocch]

RL, a natural born idiot is in fact an idiot. “IOTA victims” are in fact idiots.
It tooks 5 minutes to check if a crypto wallet/service (never heard about “block explorers”?).

If i leave my car open and a thief steal it... i’m the idiot.

Sorry RL, I can’t understand your hate against crypto. You’re spreading a lot of nonsense.
Research more, not just scams... the gambling industry is full of scams. Why you work there?

[Roulette Zeitung]

+++ Addemdum +++

Joseph Stiglitz, Nobel Prize Winner in Economic Sciences: Bitcoin "doesn’t serve any socially useful function."

TheGooner: "The block-chain coupled with mobile phones will give an opportunity to the 6 billion people on this planet who were simply unfortunate to be born outside of the Western bloc."

"Which opportunity you are talking about? A majority of the "6 billion people" have no money, a short life expectancy, no access to clean water, no electricity and have to sleep outside or in cardboard shanties or are fleeing from war. But of course, zillions of smartphone shops in the middle of the misery will solve that problems and will create a wonderful Disney World for them. A fine Science Fiction story for bedtime, but that's all."

On the contrary to others I can alway provide evidence for my claims!

Here is the evidence:

6 shocking studies, which confirms the claim of the Nobel Prize Winner and also my claim, that the "opportunity" of cryptocurrency, creating a "better world" in the reality is nothing else than a myth, a baseless narrative.

GPWA Fun Diversions
Thread: "Leopold's Lucid Daydreams Diary"
Page 94, Post #1,862

Thank you very much for your attention.

Leopold

[dfiocch]

Joseph Stiglitz, Feb 9, 1943 (74)...
My business consultant (62), December 2017

B.C.: "What are those movements on your bank account?"
Me: "Bitcoin cashouts. Why?"
B.C.: "What? I heard something... wire transfers?"
Me: "No, digital transactions. Blockchain"
B.C.: "I don't know hot to configure it... in taxation"
Me: "Yes, I see... :dull:"
(it cost my 27% of tax... damn!)

Real conversation.
Now, I know that Stiglitz is a Nobel Price Winner but... screaming at the moon without having no clue on what he is talking about... meh...

That said, Obama too. Obama won a Nobel Price for Peace. But I still see (and during his presidency too) a lot of thanks parked all around the world...
Just to say...

[dfiocch]

+++ Addendum +++

"Why Berlin remains the Bitcoin Capital of Europe in 2018"

https://www.thelocal.de/20180123/why...europe-in-2018

Strange enough... The German government should know of such great interest in the world for "Berlin as Capital of Bitcoin in Europe"

Two personal thoughts:

1. The government knows and wants to get something good from it

or

2. The government knows and colludes with the greatest crime in history (just after the Nazism)

[ocreditor]

Like AGD at some point, also GPWA was at the edge to mutate into an uncritical Bitcoin Hype forum.

Due to my 173,000+ views Lucid Diary here on GPWA, I know, that the silent majority of the GPWA readers are searching for facts and are interested also in uncomfortable truths. They are not that stupid as some believe and it was always clear, the esteemed audience cherish the longstanding care of threads.

I do not need personal insults on the lowest level to spread the truth, which is unfortunately a common pattern here in major parts of the "Bitcoin Community", and that says it all.

You'll find here in this threads sober facts and news, the Bitcoin shills doesn't want you to know. Imagine, how bad the people are feeling now who invested into Bitcoin last December at $20,000 due to the hype and are now waiting to recover from their 50% loss.

This thread I will care from now on for a very long time I believe. Consider it as an informative counterbalance to uncritical reporting here on GPWA.

Leopold

Thank you for this thread Leopold, very good initiative you took here and lots of controversial issues to discuss that's for sure !

[Roulette Zeitung]

Thank you, Oren.
There are 50+ cryptocurrency threads here on GPWA with quasi only positive coverage accepted!
So I believe, from the point of fairness, there is enough space for one single critical reflection thread, that can be the only sustainable counterweight thread to all that positive coverage.

This thread.

"Fair and balanced", what should be the motto of GPWA, that means, with that 50+:1 starting point, providing a coverage of both sides of the medal, positive in the 50+ threads, critical here in the 1 thread, with a philosophy of fair play, this is anything but too much to ask.

Providing that with respect to the esteemed audience, the silent majority, which is always interested in the overall picture. Providing it with critical and also interesting information or small stories round about Bitcoin and without Shepard Smith.

To demonstrate, what I mean, to continue with the true philosophy of this thread, as it was the case with post #2 in this thread, my post for tomorrow, "Willy Wonka's Bitcoin Clan", I already pre-wrote that post.

Leopold

[TheBoyMitchell]

I love all your threads and posts.

Oh no, hang on

I don't.

You sir, are the reason that this site is going down the pan. You will singlehandedly bankrupt this forum. People don't post any more because of your gargantuan ego

If the site had any balls if would ban you. But it doesn't so I guess you have a pass to carry on.

Shame on you GPWA. You used to have credibility

[Roulette Zeitung]

"Shame on you GPWA. You used to have credibility"

GPWA
29. September 2017
TheBoyMitchell: "gpwa is funded by the exact same sponsors as IGB is"

Claim: GPWA is funded by 888, Condor, Buffalo and Bwin.
Fact check: This is not true.
Level of credibility: Zero.

For information on risks and side-effects please read the pack insert and ask your doctor or pharmacist.

Leopold

[Cash Bonus]

A heartfelt thank you, Leopold, for always being there for me when I've needed you the most. Even in my hardest of times and darkest of hours.

You always have a true friend in me, sir

[eenzoo]

I love all your threads and posts.

Oh no, hang on

I don't.

You sir, are the reason that this site is going down the pan. You will singlehandedly bankrupt this forum. People don't post any more because of your gargantuan ego

If the site had any balls if would ban you. But it doesn't so I guess you have a pass to carry on.

Shame on you GPWA. You used to have credibility

Could anyone buy him a forum? Two members, one thread. He can quote his own BS and the other one can say "thank you" all the day ...

[ocreditor]

Thank you, Oren.
There are 50+ cryptocurrency threads here on GPWA with quasi only positive coverage accepted!
So I believe, from the point of fairness, there is enough space for one single critical reflection thread, that can be the only sustainable counterweight thread to all that positive coverage.

This thread.

"Fair and balanced", what should be the motto of GPWA, that means, with that 50+:1 starting point, providing a coverage of both sides of the medal, positive in the 50+ threads, critical here in the 1 thread, with a philosophy of fair play, this is anything but too much to ask.

Providing that with respect to the esteemed audience, the silent majority, which is always interested in the overall picture. Providing it with critical and also interesting information or small stories round about Bitcoin and without Shepard Smith.

To demonstrate, what I mean, to continue with the true philosophy of this thread, as it was the case with post #2 in this thread, my post for tomorrow, "Willy Wonka's Bitcoin Clan", I already pre-wrote that post.

Leopold

I totally agree with you on this one. I actually following only one thread I found useful here so far started by TheGooner - https://www.gpwa.org/forum/hold-bitc...sh-240378.html
So your touch is required on this crypto subject !