Comments by "" (@TentaclePentacle) on "Bitcoin: How Does it Work? | Roger Ver | TECH | Rubin Report" video.

  1. +William Boyle It's not it's a new cryptocurrency. It's like Monopoly the board game said ok bitcoin user. Today we are going to give every bitcoin owner the same amount of monopoly money. From now on you can use this monopoly. So now please use this monopoly money rather than bitcoin.
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  2. everytime I hear people advocate for bitcoins, I always get this scummy feeling, that I'm being conned.
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  3. bitcoin cash is not just an altcoin, it is actually stealing from bitcoin in terms of it's value and brand name.
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  4. this guy gives off a scummy feel. If he is the spokesman for cryptocurrency, cryptocurrency is doomed.
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  5. so bitcoin cash will win because it has a conman for a spoke person. sounds about right.
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  6. give it a couple of years until someone forks BCH, then you will be crying over all the money you lost.
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  7. +Carlos Correia That's just it, you are not buying a piece of equipment. You are buying money. bitcoin have value because it's been heavily traded and because it has built up a user base. If you take away the bitcoin user base, the value of bitcoin drops. So if all the user base from bitcoin switch to bitcash, the value of bitcoin drops while the value of bitcash rises. It wouldn't be so much of a problem if the value drops and rises 1 to 1. The problem is it doesn't. Say bitcoin is trading at 10k per coin at the time of the fork. When the fork happens, logically bitcash should be worth 0. When more user switch from bitcoin to bitcash the value of bitcoin drops while bitcash rises. but that rise of bitcash and the fall of bitcoin is not in a 1 to 1 ratio or even uniformed. People like Ver here makes tons of money from the rise of bitcash, and those that don't pay close attention to the fall of bitcoin will lose most of their value.
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  8. exactly, it's scummy as hell
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  9. That's why it's so scummy, it's very dishonest using the same name to confuse people. Ver even try to imply in this interview that rubin's bitcoins are somehow bitcoin cash.
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  10. +Srs Acct I'm going to give every bitcoin holder an equal amount in monopoly money. So from now one everyone come and use my monopoly money. Sure you still have your old bitcoin wallet, but who cares about that, my monopoly money is where it's at. if people stop using bitcoin then the value of bitcoin drops. When people started to use my monopoly money, my monopoly money's value increases. That's how bitcoin cash is stealing value from bitcoin. if it's just a 1 to 1 transfeer of value then its' not a big deal, but the problem is its' not 1 to 1. People like Ver stands to gain a lot during that transfer.
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  11. +William Boyle what's the point of giving every bitcoin user the same amount of bitcoin cash? Where did all those bitcoin cash come from? I'm not talking about the tech behind cryptocurrency, I'm talking about the scummy business practice of bitcoin cash.
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  12. whenever anyone tries to sell me in the virtues of bitcoin, I always get a scummy feeling coming off of them.
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  13. +TiagoTiago scummy and liars trying to appropriate a name that doesn't belong to you. Especially that name is associated with a highly traded item, that's worth billions.
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  14. +William Boyle If Roger Ver is bitcoin jesus, that just shows how scummy this whole cryptocurrency is.
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  15. when people say it's impossible for anyone to stop bitcoin, they are lying to you. All a government has to do is shutdown the exchange companies of bitcoin. No exchange companies, bitcoin cannot be exchanged for money, bitcoin dies.
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  16. why is it that anyone who advocates for bitcoin all seems like scummy crooks. After finishing listening to this guy I need a shower.
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  17. +Joaquin Pirotto Yes, the price of bitcash might rise back to the level of bitcoin. But during that time trading happens, there will be tons of people losing out on that value. That's what people forget about trading Price goes up and down, but people lose when price goes up and down. It's not just the prices that changes, it's actual money that changes hands.
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  18. +akc7100 That's why it is a bubble. All those extra value came from speculation and heavy trading.
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  19. +Michael Felton He is being red pilled. He sees how scummy the crypto market is. This whole bcash fork is just one example of it. People are trading on air, while the market manipulators profit and the little guys lose their shirts.
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  20. +Zlipster Royals when people lose their life savings after the bubble bursts, that's when those people will start to cry for government control of bitcoin.
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  21. +Joaquin Pirotto that is the problem if it eventually defaults to 1 currency. That means one currency has to die, all the value that currency accumulated over all those years are lost, or be stolen by the other. That is why I call it value tempering.
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  22. that is why no one can ever trust cryptocurrency. It's spokesperson are con men.
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  23. +Joaquin Pirotto bitcoin cash stole the name of bitcoin, and its userbase. Thus taking away bitcoin's value while pumping up it's own value. That's how bitcoin cash is tampering with bitcoin.
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  24. +Joaquin Pirotto no one can tamper with it? Bitcoin cash is tampering with it right now. It is stealing value from bitcoin and transferring it to bitcoin cash.
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  25. +William Boyle I don't own any crypto, that's why I can stay objective on this whole bitcoin, bitcoin cash thing. The value of cryptocurrency comes from it's trading and it's user base. That is why bitcoin cash is shady in stealing users from bitcoin.
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  26. +William Boyle It's artificially creating a user base for bitcoin cash, that pump it's valued up. It's like if i cloned youtube, the whole algorithm the whole userbase and their passwords. And named it Youtube Plus, and started telling people youtube plus is the true youtube, and on my true youtube, I don't censor people. Vidme would love to do that, but they would get sue to the ground, but in the world of cryptocurrency there are no rules.
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  27. +Official Bitcoin see this is why no one trusts cryptocurrency. It is because conman like you keep lying trying to pump up it's exchange value.
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  28. this is what happens when you put your trust in con men.
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  29. this guy is a criminal, he went to jail for coning people and selling explosives. he is coning people right now.
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  30. that is currently the problem with cryptocurrency. someone comes along introduce a new coin, and the previous one gets pushed out. Loses all of its value. People lose money, while the opportunists make money.
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  31. worst than a ponzi.
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  32. a soft fork would not work either, it would just be too confusing, essentially you have two coins competing with each other. bitcoin cash would work if everyone agrees to shutdown bitcoin, but no one would, that's the problem.
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  33. I get a scummy vibe off this guy. I feel like he is trying to con me. And I don't even own any cryptocurrency, from what i gather bitcoin cash is a different cryptocurrency from bitcoin. He is actually trying to cause a brand confusing by pushing bitcoin cash.
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  34. +TiagoTiago If bitcoin cash didn't copy all the transactional history, given people free bcash, then I wouldn't have a problem with it. The act of copying all the history of bitcoin and given people free bcash then lie and claim bcash is bitcoin. That's just too scummy.
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  35. this whole fiasco and the war between bitcoin cash, and bitcoin core just goes to show you, without government regulations, everything is up in the air. Bitcoin cash, can steal value from bitcoin core just like that.
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  36. you shouldn't trust anyone who went to prison for selling explosives and running cons.
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  37. this guy is a con man.
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  38. just shutup and give him your money, that's what this con man wants. He is not fit to answer complicated questions like that.
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  39. he is a con man. I needed a shower after listening to him.
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  40. it's like a pyramid scheme, you don't have to understand how the pyramid works, just give me your money.
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  41. +William Boyle The fork is a con. Its stolen value from bitcoin. If I say, that's it, on the start of 2018. I will create a new cryptocurrency call Bitcoin Cash Extreme Anyone who owns bitcoin cash right now will get the same amount of Bitcoin Cash Extreme (BCE) in their wallets. Some come and use my cryptocurrency instead of this outdated bitcoin and bitcoin cash. That is a con, its a con to steal brand name and actual value of a cryptocurrency.
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  42. +William Boyle The trick is, if I started off Bitcoin Cash Extreme (BCE) with no built in users of bitcoin cash, or bitcoin, My BCE is worthless, until it gets traded up by natural means. But by forking, I stoled a bunch of user base from bitcoin and bitcoin cash. I can trade my BCE a lot higher in the exchanges. It's a con to pump the value of my BCE up, while deflating the value of bitcoin and bitcoin cash. That's the problem here.
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  43. +Srs Acct To say that the bitcoin pre aug no longer exists is simply a lie. The proof is simple just look at rubin's pined comments he have two links for donations now, one for bitcoin, and another for bitcoin cash. So stop lying. This is why cryptocurrency is so shady, too many people are either lying or ignorant.
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  44. +M. S. crypto is falling apart right now in front of your eyes. It has become a marketplace for scam artists and manipulators. I wasn't against crypto before this bcash fork, now I am against crypto. Enjoy your scum pool.
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  45. +aaronsdavis I don't have any cryptocurrency. I refuse to get into that scummy pool. That's how I can remain objective. Bitcoin cash is scummy, it sets a very bad precedent. There are already other forks because of bcash. There are bitcoin gold, bitcoin diamond. etc. All sorts of forks are coming out, the whole house of cards will come crashing down soon, and someone will lose tons of money while others make out like bandits.
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  46. +William Boyle You are either stupid, can't comprehend how the value is transfeered, or you are trying to con people.
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  47. +aaronsdavis the scummy behavior is the bitcash forking. It stole the name of bitcoin and created a brand confusion. Bitcoin cash is not bitcoin. You have conmen like Roger Ver here telling people it's the same thing. That's scummy. Bitcoin cash also steals value from bitcoin by brand confusion and forking that copied its user base. Bitcoin cash is trying to ride on the coattails of bitcoin to increase its value. All of those practices are considered market manipulation if the cryptocurrency market were regulated like the stock market. None of those practices were be allowed.
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  48. +TiagoTiago is it a split or just a clone? There is a huge difference. People who are pushing for bitcoin cash are not honest about this. Is bitcoin cash just giving everyone who owns bitcoin the same amount of bitcoin cash? A split means you take value from the old and split into the new. Value is transferred. A clone is that you get a bunch of new coins that have no value. Which one is it?
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  49. +Josiah Romoser I don't care about the technology behind the two coins. BCH can copy BTC all they want, they can copy the crypto structure, the code, everything. But they have to start at 0, with no transactional history, and not give those people who are already early in the game free coins. That's market manipulation at it's scummiest.
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  50. +Josiah Romoser technologies can be upgraded, but this isn't an upgrade. You still have your old bitcoin which is priced at 11k right now, and now you have a batch of no bcash coins priced at 1k. You are double dipping, the people behind bcash have created extra coins out of nothing.
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  51. +Phillip X I don't have a problem with BCH if it started from 0, if it didn't give people free coins, like every other crypto. Scums want free money that's why they gave people holding BTC free coins to line their own wallets.
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  52. +Phillip X No you are trying to steal BTC value and line your own pockets. Stop calling yourself bitcoin, that's the scummiest part. Call yourself something else, and don't steal value give yourself free coins, then no one would have a problem with you.
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  53. +xZeroTheGreat I don't have problem with cryptocurrency only scam artists like you.
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  54. +Phillip X Again I keep telling you I don't care about the technologies behind it. I'm happy to grant you that BCH is better and more advanced than BTC. That's not the issue here. The issue is the scummy way BCH is operating, it's a scam to give themselves more money. BCH should start at 0, not give free money those people who have been hoarding BTC.
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  55. +Phillip X You can call BCH the new advanced crypto or whatever, but its not bitcoin, that name is already been taken, use a different name. But I don't even care about the name, it's the free coins that I care about. It's pure greed. There wasn't a need to give people free coin. BCH should have started like BTC make it on its own merit, but now it is forever tainted with the stink of a scam.
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  56. +Phillip X how many times must I repeat? I don't give a fuck about white papers or the technology behind it. I care that it's a scam. A fork is a copy of the code copy means it's not the original. Stop trying to scam people.
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  57. +Phillip X It's a scam because of the free coins, to line your own pockets. It's a scam because you pretend to be bitcoin. I don't care if BTC isn't peer too peer, BTC can become a paper money for all I care it's still called BTC. You don't get to take that name, the only reason why you want that name is because you want it for your scam.
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  58. +xZeroTheGreat Yes I'm a proud statist, because I don't like scams. You are the definition of a scam artist.
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  59. +Phillip X I care about the scam factor. BCH could of start out at 0 just like BTC did. It didn't because it was greedy, it wanted to scam people. It gave out free coins to themselves. That's a huge scam.
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  60. The drama isn't stupid, bitcoin cash is trying to destroy the bitcoin core's value because as long as bitcoin core have value, bitcoin cash never will. This whole thing all comes down to the fork in the block chain. What bitcoin cash did was to create a new cryptocurrency, and they gave everyone who already owned bitcoin core the same amount of bitcoin cash for free. This free coin they gave out have no value, the only way for it to have value is to kill bitcoin core, so the value of bitcoin core can be transferred into bitcoin cash.
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  61. +M. S. There is no value only a bubble, the so call value comes from chinese money smuglers.
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  62. +M. S. money smuggling is amazing, isn't it?
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  63. +M. S. Oh yes let's just build a market for all the criminals to congregate that will surely reduce crime. Even the conman Roger Ver in this video is saying how easy it is to hire a hit man with bitcoin.
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  64. +William Boyle this fork of bitcoin is stealing. Or atleast an attempt to steal the value of bitcoin. It's like Monopoly the board game said ok bitcoin user. Today we are going to give every bitcoin owner the same amount of monopoly money as you have in bitcoins. From now on you can use this monopoly money. So now please use this monopoly money rather than bitcoin. So all of sudden all bitcoin owners got free monopoly money. Where does the value of that monopoly money comes from?
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  65. because he is a conman.
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  66. +DowskiVision MagicalOracle you don't need to understand the technology to see the scummy side of it. The market manipulations, the predatory pump, and dump behavior. Gorden Gekko would love cryptocurrency.
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  67. +Profetu Rulz It's scummy because you are trading in something that has no value, other than an imagined value. This war between bitcoin core, and bitcoin cash is proof of that scummyness. Bitcoin cash basically just used the bitcoin name and stole value from bitcoin core.
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  68. +Profetu Rulz Except when I stole the name bitcoin and try to confuse people into thinking my new currency is still the old one. That's why it's scummy.
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  69. +Profetu Rulz That's the whole problem there is no mechanism to stop any of that. It's a place of chaos, full of scams and scummy people.
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  70. +Profetu Rulz ofcouse if you build something there is always a chance of failure. The alternative to build nothing, have everything in chaos.
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  71. +Pelotero USD is supposedly backed up by gold stored by the US government. And the promise of a government backed currency has value. Government promises still have value even if you don't trust the government.
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  72. +Pelotero The US government still has the largest gold and silver reserve. So yes it is supposed to be backed by the gold standard. The USD is also backed by the US GDP, if the US economy shrinks, the USD will drop in value. Sure other governments like greece have broken their promise, that's why their currency isn't worth anything. The value of the USD is based on the supposedly gold reserves, the economy, and how stable the government is. The reason why bitcoin is so volatile is there are no stable force backing it.
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  73. +Pelotero Ofcouse a country's GDP affects the value of its currency. You need to learn basic economics. GDP is how much a country produces in terms of value. Some of that value is consumed by the citizens of that country, and any extra value can be traded to other countries. If you produce a lot of value and traded to other countries, then your currency is more in demand because other countries want to buy your goods. The problem with bitcoin is being highlighted on this bitcoin, bitcoin cash debacle. Anyone can come along and fork the coin, thus devaluing the coin, and create a bunch of empty coins for themselves. Without a regulation force on the bitcion market, market manipulation is rampant that is why bitcoin are so violitile.
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  74. +Pelotero GDP is a measure of how much a country produces. GDP and exports are one factor in determining the value of a currency, another factor is how much of that currency exists. The UK pound is worth more because there is less of it. The demand for a currency is determined by the export levels of a country, if a country is exporting more goods, then there is more demand for that currency to buy said goods. That's like basic highschool economics here. If you don't understand basic highschool stuff, then you should really stop talking. What bitcoin cash is doing to bitcoin is exactly why cryptocurrency will not work.
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  75. +Pelotero 1. USD is still backed by gold, even if it's the myth of gold. There is a reason why Rand Paul keep harping on the FED to show people there are still gold in fort knox. 2. Good produced, and then exported drives demand for said currency. It's simple stuff. If you don't understand this, then you should tear up that worthless degree of yours.
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  76. +Pelotero Petrol dollars, lol why do you think the middle east accepts USD and not any other money? It's because the US has a stable currency, and it's backed by the US government that's supposedly having the biggest gold reserve in the world. You don't use currency to redeem gold, but the fact that the US has gold reserves meand they can sell it if the currency is ever to tank. That's why it's backed by the myth of gold, no actual gold is exchanged for USD, but the fact the US government has it means they have assets. Bitcoin has nothing, no promises, no backing no assets, no products. It's trading on air.
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  77. +Pelotero The reason why I called it the myth of gold is because we don't know how much gold the US has. It's more accurate to say it is backed by assets. And the gold US has is part of that asset. Burn your degree if you even have one, it's worthless if you don't even understand the current USD valued is influenced by how much the US exports and the GDP of US.
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  78. +Pelotero good idea, tell your employer what you think drives currency value, and let them laugh at you. If your job has anything to do with trading currency, they will fire you. Currency is used to buy goods and services. GDP is that goods are services for a country. If you GDP number goes up that means the USD you have can buy more goods and services. So the value of USD goes up. If the GDP number goes down, that means fewer goods and services, so the USD you have will buy less goods and services, thus value goes down. Simple demand and supply stuff. Exports comes into the picture when you want to compare the value of USD against another currency. Basic stuff that you don't even understand.
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  79. +Profetu Rulz backed doesn't mean 1:1. My mortgage is backed by my house, that doesn't mean it's 1:1. By backed I mean you have assets that can offset a debt. the US have gold stored as an asset.
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  80. +Profetu Rulz Exactly all country have gold on reseve to support their currency.
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  81. +Pelotero You sound like an Idiot, I never said it's the only cause, but it's the main cause. My mortgage is not 1 to 1 you moron, my house is worth way more than my mortgage. You say you work in the business sector? Doing what? Cleaning floors?
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  82. +Pelotero go back to highschool kid.
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  83. +Pelotero yeah the fact that you have equity mean it's not 1 to 1. Do you know what 1 to 1 means? mortgage = value that's 1 to 1 moron.
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  84. +Pelotero the fact that you have an equation means it's not 1 to 1. Do you even know basic math?
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  85. +Pelotero hahahah moron what bank would allow you to have a mortage without equity?
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  86. +Pelotero anyone who uses the word bro unironically is an idiot.
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  87. +Pelotero trade your USD for the scam of bitcoin dumbass.
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  88. +Pelotero and when it crashes a lot of people are going to lose their money, that's your scam. Ofcouse you are ok with scams, you are a moron scum bag.
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  89. +Pelotero coming from a moron who doesn't even know GDP affects the value of a currency.
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  90. +Pelotero Where did I say back or did you not know how to read dumbass?
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  91. +Pelotero fine I said backed, it makes no difference, it is still backed and it's the main driving force behind the value of the currency, In this context backed and affects are the same.
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  92. +Pelotero moron, the value of x is backing y. If the value of x falls, then y falls as well. So x affects y. Basic logic is not your strong suit isn't it?
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  93. +M. S. There you have it. You just admitted people lost money when bitcoin cash stole the brand of bitcoin and stole its value. That's why people are pissed because bitcoin cash is controlled by the big players, and they are screwing over the little guys. This just goes to show cryptocurrency is unworkable without regulations to prevent this kind of scummy behavior.
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  94. anyone trying to claim bcash is bitcoin is a conman. How much is bitcoin worth right now and how much is bcash worth right now. The fact that the two coins have different prices tells you those people who claim they are the same is trying to scam you.
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  95. +Daly Close except bitcoin is trading at 11k right now, while bitcoin cash is only trading at 1k. So all those people saying bitcoin cash is bitcoin, and bitcoin don't exist is lying and trying to scam you out of all that money.
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  96. +Daly Close There are two different prices and two different coins. Anyone trying to tell you it's the same thing is trying to scam you. Bitcoin was first it is called bitcoin, it is still called bitcoin. Anyone tell you that bitcoin cash is now bitcoin is trying to scam you.
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  97. +Juan Lespins I don't care which coin is better technically. I care about the scams, and those that are trying to misrepresent to make money like Roger Ver.
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  98. +Joaquin Pirotto ok so right now bitcoin is trading at what? 10k per coin. If everyone stops using bitcoin, then that 10k value becomes 0. That's how you lose value. If people switch from using bitcoin to bitcoin cash, the value of bitcoin cash goes up, while the value of bitcoin goes down. Now do you see how value is lost and gained?
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