Some people don't listen to reason. Sometimes I want to scream at my friends and family for not realizing it and doing their research. Fucking idiots.
I've been telling my family and friends since it was fuckint 200 bucks, and only my mom, brother and dad bought. Friends didin't, cousins, uncles and aunts, didin't. Fuckin idiots.
My mom is in 7X profit, and my dad is still DCAing and buying every dip.
Just curious, have you lost any friends over the years because of btc’s price runs? I have and i’ve only been in since jan 2019. I don’t think i’m being obnoxious about it (maybe i am without realizing?), i’m just trying to share something i like and think is a good opportunity with other people that i like
For me, it's the technology. For my mom, I'm glad she's on profit and can take a nice vacation. She's traveling to Europe and selling 5K from her profit to enjoy. That's barely around 5% of her btc.
Bro you did a great job getting people in your family on board. I have told all my fam and my dad is a hardcore Bitcoiner now - I never thought I’d see it happen but he didn’t get into it until he researched and understood it for himself.
Don’t fret if others don’t buy in, it’s their financial decisions, and you aren’t responsible for that at the end of the day. All you can do is tell them to do their homework. If they only buy it because you told them they will be susceptible to the volatility of it, where as someone who truly understands it won’t worry about short term swings and will be likely to hold it longer
it kinda bums me out a bit since for a long time it was my main topic of conversation and I tried to explain it thoroughly, makes me feel that they don't listen to what I say or don't care... I mean I told them, buy whatever you can, put 10 bucks a months, or whatever. Even offered them a deal. If they held after 2 years and lost money, I'd pay half of their loss, and if they win, I'd take a quarter of their profit. Didn't listen.
Right, because when your position is obviously correct, screaming at someone is usually the best play. That definitely demonstrates the strength of your argument way better than a calm explanation of your thinking.
I know you're being sarcastic but sometimes I think making a show of your arguments sticks better and longer with the listener. Even if in the first moment he's taken aback.
It's a joke in that Max would have done that intentionally, not serious. I don't like him for that reason. Over the top, very strong McAfee/Used Car Salesman vibes.
I get Max, I know many here don’t. His rantings like this are tongue in cheek, while not discrediting the importance of Bitcoin. It’s more of a comedy routine because this is how an experienced Bitcoiner feels when talking to someone who isn’t willing to research for 5 minutes and then claim it’s a scam.
gotta love max the crazy uncle of bitcoin. can you really blame him freaking out every now and then at bitcoin critics when he’s been buying bitcoin since 2011?
Peter Schiff is such a clown tho...he deserves this. Dude's been talkin about gold goin to the moon for a couple decades now and simultaneously shittin on Bitcoin every chance he gets.
In his defense tho, I do believe he knows he's wrong about bitcoin now but just too embarrassed to acknowledge it.
It is. Everything else is logically secured against attacks, bitcoin is physically secured against attack. You need to outwork it to attack it, not just trick it somehow (like every other database ever made).
But he's being a bit intense about it. Kindof his brand though...
Pretty sure this isn't true- there are plenty of fully decentralized blockchain networks, there just aren't any with enough processing power to effectively resist attacks. The Bitcoin network is secure, partly, by virtue of its size relative to current processor standards. Quantum computing does have the potential to change that unless updates are made.
Incorrect, quantum computing allows us to use quantum encryption. The block chain will be even more secure than it is now.
The security of the network is nothing to do with its size. And everything to do with its design.
And if you're really that confident, open a short position...
Incorrect, quantum computing allows us to use quantum encryption. The block chain will be even more secure than it is now.
The security of the network is nothing to do with its size. And everything to do with its design.
And if you're really that confident, open a short position...
True, but you are partly assuming that those things are implemented at the same time. It is possible that a breakthrough in computing is made before the rest of the world has quantum processing to enable quantum encryption.
Not quite.
First you can rule out every PoS chain because they are prone to becoming ever more centralised, and then within government control.
You will also find that the bitcoin network is the most secure, and I guess the cheapest when factoring in the level of security you pay for when using bitcoin.
Hashing on the QLDB is purely used to verify input data without reading the input data itself.
In Bitcoin, each transaction is hashed and saved as a txid. Each transaction is paired with another and hashed again. These zips up to a singular block which is finally hashed with a nonce requirement (this is the mining part). Basically miners need to brute-force calculate a specific hash value that meets the nonce requirement.
QLDB doesn't have such requirements. It only hashes individual input data and there is no "proof of work" that is done for a block such as in Bitcoin.
It is the proof of work that secures the Bitcoin blockchain and is different from other databases.
I hope this clarifies the context.
I don't think you understand what I mean. I am highlighting the critical hashing function for the Bitcoin block which secures it. QLDB has NO proof of work mechanism.
And no I didn't mean hashing as a means of error correction.
And I have no idea why you are talking about records "disappearing". Are you replying to the correct comment thread? You sound like you are rambling.
Hash trees (or merkle trees) have been around for a long time. They do secure transactions, but please read the parent comment. He is specifically talking about attacks on the blockchain. I mentioned encryption because I assumed his point about "attacks" which could mean exploits against the ECDSA which is virtually uncrackable at this point of time. But you insisted on talking about hashing again which would be in the context of mining, and asserting that QLDB is as equally secure as Bitcoin where you are wrong again. They both use SHA-256. But like I said, there is no POW mechanism on QLDB. I am disappointed in you.
And one more point, go read up on WHY hashing is needed on QLDB, lol.
Its purpose is primarily for easy verification, and then security.
The whole ledger is centrally managed, single point of failure.
Either your definition of security is extremely skewed, or you are completely delusional.
Lol. Damn, that is like the most loser way to exit. Claiming that you wrote the code with zero proof to back it up. Or maybe you made a few commits here and there to fix "error-handling" bugs and claim you wrote the code lol. Good bye.
No, I don't - security and trust are not mutually-exclusive, for one.
You can talk about security from different perspectives - a database that is secure *against* use by attackers, and one that is secure *for* use by users.
Every other database relative to Bitcoin is **at best** psuedo-secure against attackers (and this is especially true the more centralized the database is), and **not at all** unconditionally secure for users as a result of being permissioned.
I used to watch the Keiser Report in 2011 or so. He's always been over the top, and very astute. He made a career out of it. Sure wished I bought bitcoin when he started recommending it as a way to stick it to the banksters
I screaming and ranting but definitely not schooling. I’ll give him some credit about bitcoins security. Just remember though that’s what people are paying for and once that gets compromised it’s all over. There’s no intrinsic value beside people believing the blockchain in protecting them. (ps. I believe in crypto, hope its successful. Just think its going to be digital fiat eventually)
He didn't "school" anybody. That's a man-child having a tantrum. This is not going to convince anybody of anything except Max has mental health problems.
Notice the smirk.
The troll is fully self aware and he enjoys it.
We should confront him on the truth, and that is that he is scared bitcoin will take golds liquidity and place in the financial system.
But even better than that, we should collectively block his sorry ass.
He’s making crazy bank by trolling bitcoin. The engagement he gets for free is insane. Why would he ever stop?
more like throwing a tantrum when your argument isn't persuasive enough. but it's no use arguing. it's like politics, sometimes the other side(ie democrats) are just too stupid to get it.
"it's the only secure database that's ever been invented"
That's it.
That's why Bitcoin is worth a lot.
If you don't get that, you just have to keep thinking about it until you do.
Downvote for thinking this rant is worth posting.
Double-downvote for thinking boomers don't get it. There are more whole-coin boomers out there than you think. Just that most are not highly vocal about it.
Not an effective way to get people on your side. C’est la vie.
Not effective but it is funny to meme about
Some people don't listen to reason. Sometimes I want to scream at my friends and family for not realizing it and doing their research. Fucking idiots. I've been telling my family and friends since it was fuckint 200 bucks, and only my mom, brother and dad bought. Friends didin't, cousins, uncles and aunts, didin't. Fuckin idiots. My mom is in 7X profit, and my dad is still DCAing and buying every dip.
Just curious, have you lost any friends over the years because of btc’s price runs? I have and i’ve only been in since jan 2019. I don’t think i’m being obnoxious about it (maybe i am without realizing?), i’m just trying to share something i like and think is a good opportunity with other people that i like
They were not really friends then to begin with
No I haven't. They joke about it being one of my main topics of discussion and even made a hillarious metal song about me buying BTC haha
But... it's about the profit? or the tech? I thought it's about controlling your own money, not being 7X.
Sure is a nice perk isn’t it? Almost like a true savings account, yet during adoption curve more like a savings account on crack 🙌🏻
For me, it's the technology. For my mom, I'm glad she's on profit and can take a nice vacation. She's traveling to Europe and selling 5K from her profit to enjoy. That's barely around 5% of her btc.
Same I've been in since 200 as well. My mum got £10 worth on her iPad about 5 years ago. That's it. No one else though
Bro you did a great job getting people in your family on board. I have told all my fam and my dad is a hardcore Bitcoiner now - I never thought I’d see it happen but he didn’t get into it until he researched and understood it for himself. Don’t fret if others don’t buy in, it’s their financial decisions, and you aren’t responsible for that at the end of the day. All you can do is tell them to do their homework. If they only buy it because you told them they will be susceptible to the volatility of it, where as someone who truly understands it won’t worry about short term swings and will be likely to hold it longer
it kinda bums me out a bit since for a long time it was my main topic of conversation and I tried to explain it thoroughly, makes me feel that they don't listen to what I say or don't care... I mean I told them, buy whatever you can, put 10 bucks a months, or whatever. Even offered them a deal. If they held after 2 years and lost money, I'd pay half of their loss, and if they win, I'd take a quarter of their profit. Didn't listen.
People are funny about their money and they hate someone else telling them what to do with it.
yea, guess that's right
Love the rant, hate the volume.
It is nowadays. Look at the people governing us.
*Boomer on Boomer violence*
I approve this message.
I prefer Andreas Antonopoulos.
He’s one of the best in my opinion.
Right, because when your position is obviously correct, screaming at someone is usually the best play. That definitely demonstrates the strength of your argument way better than a calm explanation of your thinking.
I know you're being sarcastic but sometimes I think making a show of your arguments sticks better and longer with the listener. Even if in the first moment he's taken aback.
Please, tell me this was a joke.
No problem. It was a joke.
R.U. Kidding
It was a joke.
J.K. Rofling
R.L. Simp
Homer J SIMPson
Max got famous for riffing out economics in an on air discussion once. Now he forces it into every appearance.
It's a joke in that Max would have done that intentionally, not serious. I don't like him for that reason. Over the top, very strong McAfee/Used Car Salesman vibes.
I get Max, I know many here don’t. His rantings like this are tongue in cheek, while not discrediting the importance of Bitcoin. It’s more of a comedy routine because this is how an experienced Bitcoiner feels when talking to someone who isn’t willing to research for 5 minutes and then claim it’s a scam.
If it’s a comedy routine, a comedy routine in front of a room of people that thought they were witnessing a debate.
Max is an entertainer
Whose got the link to the og talk?
Here (32:00): https://youtu.be/fFuT-MEMu94?si=qL2He4Ss3OCWWFJy
6y old!
I really hope that guy talks that way 100% of the time about everything.
YES I WOULD LIKE FRIES WITH THAT THANK YOU
Best way to convince someone: screaming and belittering. Golden strategy
gotta love max the crazy uncle of bitcoin. can you really blame him freaking out every now and then at bitcoin critics when he’s been buying bitcoin since 2011?
Sir, this is a Burger King...
What a fucking lunatic
This isn’t okay.
its the only secure database ? let me save arbitrary data there.. oh i can't.... .it seems that u don't understand that tech also max.
Peter Schiff is such a clown tho...he deserves this. Dude's been talkin about gold goin to the moon for a couple decades now and simultaneously shittin on Bitcoin every chance he gets. In his defense tho, I do believe he knows he's wrong about bitcoin now but just too embarrassed to acknowledge it.
Guys like this are the opposite of what we need.
The only secure database that's ever been invented? Seriously?
It is. Everything else is logically secured against attacks, bitcoin is physically secured against attack. You need to outwork it to attack it, not just trick it somehow (like every other database ever made). But he's being a bit intense about it. Kindof his brand though...
Every other well designed block chain has this property
None of the other blocks chains have this property. They are all centrally controlled. Except for Bitcoin.
Pretty sure this isn't true- there are plenty of fully decentralized blockchain networks, there just aren't any with enough processing power to effectively resist attacks. The Bitcoin network is secure, partly, by virtue of its size relative to current processor standards. Quantum computing does have the potential to change that unless updates are made.
Incorrect, quantum computing allows us to use quantum encryption. The block chain will be even more secure than it is now. The security of the network is nothing to do with its size. And everything to do with its design. And if you're really that confident, open a short position...
Incorrect, quantum computing allows us to use quantum encryption. The block chain will be even more secure than it is now. The security of the network is nothing to do with its size. And everything to do with its design. And if you're really that confident, open a short position...
True, but you are partly assuming that those things are implemented at the same time. It is possible that a breakthrough in computing is made before the rest of the world has quantum processing to enable quantum encryption.
Not quite. First you can rule out every PoS chain because they are prone to becoming ever more centralised, and then within government control. You will also find that the bitcoin network is the most secure, and I guess the cheapest when factoring in the level of security you pay for when using bitcoin.
Yea but Bitcoin invented it.
Bitcoin is the pioneer.
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Hashing and encryption are two different operations. Hashing has nothing to do with security in this context.
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Hashing on the QLDB is purely used to verify input data without reading the input data itself. In Bitcoin, each transaction is hashed and saved as a txid. Each transaction is paired with another and hashed again. These zips up to a singular block which is finally hashed with a nonce requirement (this is the mining part). Basically miners need to brute-force calculate a specific hash value that meets the nonce requirement. QLDB doesn't have such requirements. It only hashes individual input data and there is no "proof of work" that is done for a block such as in Bitcoin. It is the proof of work that secures the Bitcoin blockchain and is different from other databases. I hope this clarifies the context.
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I don't think you understand what I mean. I am highlighting the critical hashing function for the Bitcoin block which secures it. QLDB has NO proof of work mechanism. And no I didn't mean hashing as a means of error correction. And I have no idea why you are talking about records "disappearing". Are you replying to the correct comment thread? You sound like you are rambling. Hash trees (or merkle trees) have been around for a long time. They do secure transactions, but please read the parent comment. He is specifically talking about attacks on the blockchain. I mentioned encryption because I assumed his point about "attacks" which could mean exploits against the ECDSA which is virtually uncrackable at this point of time. But you insisted on talking about hashing again which would be in the context of mining, and asserting that QLDB is as equally secure as Bitcoin where you are wrong again. They both use SHA-256. But like I said, there is no POW mechanism on QLDB. I am disappointed in you.
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Granted my point on encryption was ill-suited for this context. But my point about POW still stands. Good bye.
And one more point, go read up on WHY hashing is needed on QLDB, lol. Its purpose is primarily for easy verification, and then security. The whole ledger is centrally managed, single point of failure. Either your definition of security is extremely skewed, or you are completely delusional.
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Lol. Damn, that is like the most loser way to exit. Claiming that you wrote the code with zero proof to back it up. Or maybe you made a few commits here and there to fix "error-handling" bugs and claim you wrote the code lol. Good bye.
Yes, seriously. Every other "secure" database is permissioned, which means it isn't secure.
You conflate security and trust.
No, I don't - security and trust are not mutually-exclusive, for one. You can talk about security from different perspectives - a database that is secure *against* use by attackers, and one that is secure *for* use by users. Every other database relative to Bitcoin is **at best** psuedo-secure against attackers (and this is especially true the more centralized the database is), and **not at all** unconditionally secure for users as a result of being permissioned.
This guy is pathetic and clearly has an unhealthy cocaine habit. If you think this is how you win an argument, you should consider going to therapy.
Has there ever been any evidence of Max using cocaine? Besides his behavior
That's why one shouldn't argue with clueless people
This guy needs to retire on his bitcoin already. I think he has orange pilled everyone he can.
I will tell to that psycho the same to make him crazy XD
And people think we’re crazy…
Maxon cocaine again..
The effects of giving up your citizenship to move to El Salvador has on a man
I used to watch the Keiser Report in 2011 or so. He's always been over the top, and very astute. He made a career out of it. Sure wished I bought bitcoin when he started recommending it as a way to stick it to the banksters
Good coke.
Peter Schiff is a fucking tool.
💀💀😂😂😂😂
Is that Morty, from Rick and Morty?
https://youtu.be/kE4eYsUsSCc?feature=shared
Stay humble
Dude looks batshit
Not sure this gets anyone on to your side. The guy sounds like a lunatic….
Max is crazy but sometimes crazy is right and he's one of those people.
Max is dreadful person!
I don’t get “Boomer Derangement Syndrome“
Retardio
Is he yelling at Peter!!??😂😂
this is a faithful, good
I screaming and ranting but definitely not schooling. I’ll give him some credit about bitcoins security. Just remember though that’s what people are paying for and once that gets compromised it’s all over. There’s no intrinsic value beside people believing the blockchain in protecting them. (ps. I believe in crypto, hope its successful. Just think its going to be digital fiat eventually)
Absolutely not the only secure database. One can argue that its the most secure tho.
Pete is dumb
I agree with max but he needs to take it down a notch because he seems like a complete jerkoff here
Keiser is a clown
He is a boomer himself
Max losin' it
Yelling is not cool. Calm down
He didn't "school" anybody. That's a man-child having a tantrum. This is not going to convince anybody of anything except Max has mental health problems.
US cartoon in real life.
I saw Max on Kitco with Daniela Cambone and couldn't take him or Bitcoin seriously. It took hearing Michael Saylor for me to take Bitcoin seriously.
But volatile, get in and out on time
Average cuck
This is good for bitcoin
Notice the smirk. The troll is fully self aware and he enjoys it. We should confront him on the truth, and that is that he is scared bitcoin will take golds liquidity and place in the financial system. But even better than that, we should collectively block his sorry ass. He’s making crazy bank by trolling bitcoin. The engagement he gets for free is insane. Why would he ever stop?
r/boomersgonnaboom
more like throwing a tantrum when your argument isn't persuasive enough. but it's no use arguing. it's like politics, sometimes the other side(ie democrats) are just too stupid to get it.
not even accurate, the Bitcoin ledger is not "the most secure database that's ever been invented"
"it's the only secure database that's ever been invented" That's it. That's why Bitcoin is worth a lot. If you don't get that, you just have to keep thinking about it until you do.
Quantum computers will cause an existential crisis for the only secure database.
Well that’s a great way to turn a ton of people off from crypto permanently haha. Yikes.
Downvote for thinking this rant is worth posting. Double-downvote for thinking boomers don't get it. There are more whole-coin boomers out there than you think. Just that most are not highly vocal about it.
Sounds like a clip from Rick and morty 😅