Ray Dalio Says He ‘Might Be Missing Something’ About Bitcoin

[RedDuke]

Your post shows a fundamental lack of understanding on how crypto works.

Ok let's create a coin. Do we create our own blockchain? If not, on what blockchain do we use? Private or public? How do we deal with cross chain operations? Which exchanges will list our coin as a trading pair vs BTC? How do we create enough of a community to provide liquidity for our coins? How do we settle trades?

I'll bet you can't even answer one of those questions. I have created coins. It's not as easy as you think. The hamster powering your brain isn't tired, he is on permanent vacation.

Let's see you answer any of those questions before I even go and explain what BFX is doing with USDT. Hint: they aren't actually buying BTC.

First of all, I assumed you understood that my post was sarcasm about creating ET coin. As I said, answer one simple question that I posted, then we can discuss all of the above. And yes, you do know a lot more than I about cryptos.

The little that I do know, points that the whole space is a giant pile of shit. The concept was/is great, but implementation sucks.

Once again BitFinex is allowed to create Tethers out of thin air and use them to purchase Bitcoin, where you and I need to use our real money. Let's start with this, how is this even allowed/tolerated???

 

[tsznecki]

First of all, I assumed you understood that my post was sarcasm about creating ET coin. As I said, answer one simple question that I posted, then we can discuss all of the above. And yes, you do know a lot more than I about cryptos.

The little that I do know, points that the whole space is a giant pile of shit. The concept was/is great, but implementation sucks.

Once again BitFinex is allowed to create Tethers out of thin air and use them to purchase Bitcoin, where you and I need to use our real money. Let's start with this, how is this even allowed/tolerated???

I see you choose not to answer my questions. Because you don't know. But here you are claiming opinions as facts. Where is the proof that BFX is buying BTC directly with USDT? You have none. Your question is inherently untrue.

And I did answer your question: the fact that you couldn't pick up on what I hinted at and discuss it shows everyone you know absolutely nothing about crypto and that you are simply acting informed. A border collie is more knowledgeable on crypto than you.

 

[RedDuke]

I see you choose not to answer my questions. Because you don't know. But here you are claiming opinions as facts. Where is the proof that BFX is buying BTC directly with USDT? You have none. Your question is inherently untrue.

And I did answer your question: the fact that you couldn't pick up on what I hinted at and discuss it shows everyone you know absolutely nothing about crypto and that you are simply acting informed. A border collie is more knowledgeable on crypto than you.

are you seriously saying that USDT is not used to buy Bitcoins???

And you keep avoiding my very simple question.

 

[tsznecki]

are you seriously saying that USDT is not used to buy Bitcoins???

And you keep avoiding my very simple question.

Don't try to reword the question because you are losing the argument. Your claim is not "USDT is used to buy Bitcoins", your claim is "BFX is using USDT to buy BTC". You are not half as smart as you think you are.

I see again you have no proof to back up your claim. Are you going to claim water is not wet next? #RedDukeDigUpNotDown

I have answered your question over the last few posts in many ways. If you choose not to accept it because you lack reading comprehension or it offends your puny beliefs that's up to you.

#RedDukeHasAFragileBrain

In fact if anything, you are avoiding my questions. I gave you many questions to answer of varying difficulty. You could not even answer one. Whereas I gave many answers to your one question.

#LearnToReadRedDuke

We are waiting for your next post which again avoids all my points and you making the same claim.

#RedDukeDodgingQuestions

 

[RedDuke]

Don't try to reword the question because you are losing the argument. Your claim is not "USDT is used to buy Bitcoins", your claim is "BFX is using USDT to buy BTC". You are not half as smart as you think you are.

I see again you have no proof to back up your claim. Are you going to claim water is not wet next? #RedDukeDigUpNotDown

I have answered your question over the last few posts in many ways. If you choose not to accept it because you lack reading comprehension or it offends your puny beliefs that's up to you.

#RedDukeHasAFragileBrain

In fact if anything, you are avoiding my questions. I gave you many questions to answer of varying difficulty. You could not even answer one. Whereas I gave many answers to your one question.

#LearnToReadRedDuke

We are waiting for your next post which again avoids all my points and you making the same claim.

#RedDukeDodgingQuestions

I think you made your point very well. I learned over the years, that when someone during an argument or discussion starts name calling, this means they lost it, and have nothing else of value to say.

I wish you all the best, who knows how high it will go before inevitable crash.

 

[tsznecki]

I think you made your point very well. I learned over the years, that when someone during an argument or discussion starts name calling, this means they lost it, and have nothing else of value to say.

I wish you all the best, who knows how high it will go before inevitable crash.

Hilarious! Now you back out! And you try to deflect the loss on me.

I learned over the years that when someone repeats the same claim with no basis, they have lost the argument and have nothing of value to say.

Might I remind you it was you that went ad hominem first. @RedDuke What's the matter you can't handle your own medicine?

https://www.elitetrader.com/et/thre...hing-about-bitcoin.352747/page-3#post-5255352

yes, that hard earned cash that pays for mortgage, cars, education and etc.

I understand why true believers just shrug of the reality of USDT, our human brains are programmed to ignore facts that contrary to our beliefs.

ET is still waiting for proof of your claims on BFX.

When you can actually discuss technical details of any of the points that I have mentioned that would invalidate BFX or USDT, you are welcome to come back for an actual conversation.

We won't be holding our breath.

 

[RedDuke]

Hilarious! Now you back out! And you try to deflect the loss on me.

I learned over the years that when someone repeats the same claim with no basis, they have lost the argument and have nothing of value to say.

Might I remind you it was you that went ad hominem first. @RedDuke What's the matter you can't handle your own medicine?

https://www.elitetrader.com/et/thre...hing-about-bitcoin.352747/page-3#post-5255352



ET is still waiting for proof of your claims on BFX.

When you can actually discuss technical details of any of the points that I have mentioned that would invalidate BFX or USDT, you are welcome to come back for an actual conversation.

We won't be holding our breath.

take a deep breath, relax and enjoy the moment. What ever angers you, just let it go. I think we done arguing as you clearly can not answer the most simple question, hide under fancy words and childish insults.

 

[tsznecki]

take a deep breath, relax and enjoy the moment. What ever angers you, just let it go. I think we done arguing as you clearly can not answer the most simple question, hide under fancy words and childish insults.

Arguing? We never even started. I'm laughing at how bad you are trying to cover your tracks and back out. Yet another post from @RedDuke answering nothing and making deflective statements.

Where are your answers to my questions. Are you going to respond again without answers?

I noticed you again did not address another fact that you went ad hominem first. I guess @RedDuke is a sore loser when called out on facts.

Is your brain able to process these facts that go against your beliefs? #LOL

 

[AbbotAle]

Always remember this with Tether, few buyers of Bitcoin know what Tether is and do not care.

Now, let's assume Tether implodes in 101 lawsuits with every Land of the Free Agency trying to ban it.

What will happen to Bitcoin?

Will it implode? Nope.

Will that 'finally' be the end of the Bitcoin 'ponzi'? Nope.

Will Bitcoin go down in value? Probably. And by how much, could be as much as 20% (maybe more, who knows) but then it will recover at some stage in the future and Tether will be just a footnote in its history.

Now here's the interesting question -

Would proper Bitcoin holders, those who have taken the months if not years to understand Bitcoin, WELCOME a Tether implosion? YES!

Reason, it will yet another test for Bitcoin which it will surely pass (with some likely short term price damage).

Every and any test of Bitcoin is to be welcomed and even demanded because something as revolutionary as Bitcoin SHOULD be tested from every damn angle.

See, the tests and passing of the tests all make Bitcoin that little bit stronger...

PS. And if Bitcoin can't survive a Tether implosion then Bitcoin itself doesn't really deserve to survive.

 

[Daal]

Dalio is like a guy going around in San Francisco in 2014 saying "this Uber thing is ridiculous, almost nobody uses it"