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Comment Re:I have these invisible objects (Score 1) 357

Yeah, and when gold was $1800 per oz there were all sorts of commercials on TV pounding the table telling me what a great investment it is. The commercials were, of course, produced by people who wanted me to buy gold from them. Now that gold is $1300 per oz where are all the TV commercials telling me what a great investment it is?

Comment Re:That's a biased source (Score 1) 357

You're missing the forest for all the trees. Another popular ponzi/pyramid scheme, Amway, has "products" that get bought and sold. No one actually wants, or uses, or cares about the products- they are identical to the same stuff you can get at any grocery store or Walmart, and sales of them is not the main point of the scheme. The products exist to make the whole scheme look like a legitimate business, when the real meat of the scheme is in setting up pyramids by conning others into setting up more dealerships. Everyone of those dealerships has to pass money upwards toward the top of the pyramid. The emphasis is never on selling products- it is always on selling dealerships.

Bitcoin claims to be about making transactions across borders and currencies easier, cheaper, and faster, but that is the ruse to make it look legitimate. The real aim is to get people to buy bitcoins with real money (thinking it is an investment) so that people at the top (the ones with piles of bitcoins- i.e. the ones who came up with this scheme) can cash out in a big way.

Comment Re:But there's nothing wrong with Bitcoin! (Score 1) 357

My poop is a limited resource. Only a small amount is produced per day and when I die there won;t be any more of it. Recent developments in the digital currency realm have caused a huge price increase- the going exchange for one day's production of my poop is now 200k BTC plus shipping and handling.

Comment Re:I have these invisible objects (Score 1) 357

No! Buy my poop! I make a limited quantity per day and when I die there won't be any more of my brand. It is scarce and will become even more so in time. My poop is worth more than your nothing! You can fertilize plants with my poop! You can play nasty pranks with my poop! You can collect it and exchange it with others! What can your nothing do?

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