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7 December 2013, 05:57 AM | #31 |
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It's the dumbest thing ever. It offers no conceivable advantage over USD unless you are in the business of doing stuff that is illegal. I predict a fad that will blow over and most people will lose a lot of money.
Any way you look at it, there are easier and safer ways to make money in the world than investing in "virtual" currency. |
7 December 2013, 06:21 AM | #32 | |
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That's a stretch.
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7 December 2013, 06:21 AM | #33 |
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Well.... if you bought 5000 bitcoins in 2009 for 27 USD, I think you could see the advantages now.
But still, I think there's something strange to this. It can't be this easy.
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7 December 2013, 06:36 AM | #34 | |
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7 December 2013, 06:40 AM | #35 |
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And if you bought early, all the capital gains would not be taxed either.
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8 December 2013, 03:07 PM | #36 |
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My tulips are down...
But they will come up again in Spring...
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28 January 2014, 09:04 PM | #37 |
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JJ |
28 January 2014, 09:16 PM | #38 | |
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28 January 2014, 09:29 PM | #39 |
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The bitcoin exchanges haven't really reacted to that news.
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28 January 2014, 09:41 PM | #40 |
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Sorry but I will stick with good old fashion cash...It has worked forever so you can keep your cyber digits.
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28 January 2014, 09:45 PM | #41 | |
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I think bitcoin is still quite risky and may not be the final version of decentralized cryptocurrency but you could easily make the same argument about any old vs new technology: books vs internet, walking vs airplane, etc.
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28 January 2014, 11:41 PM | #42 | |
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It should be noted that Shrem was arrested because of his shady dealings with an illegal drug website, NOT because of his work with the Bitcoin Foundation. Canada recently declared that Bitcoins are "not currency," but this news didn't really move the needle. However, BTC price on Mt. Gox is 22% higher than the price on BTC-E right now, suggesting a decreased confidence in cash withdrawals on the Mt. Gox exchange. |
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28 January 2014, 11:49 PM | #43 | |
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PS. My favorite trusted sellers, AD and wine brokers accept cash but not Bitcoins!
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28 January 2014, 11:53 PM | #44 |
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You guys got it all wrong.......gotta go with COINYE......that s@&t will outperform Apple,Gold,Unobtanium and Unicorn Tears.....most solid investment IMO
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28 January 2014, 11:57 PM | #45 | |
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29 January 2014, 12:42 AM | #46 |
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I'm glad somebody mentioned Coinye. Dogecoin seems like a safer bet though.
He's not the Bitcoin CEO, just the CEO of one of the many Bitcoin exchanges. In fact there is no "Bitcoin CEO," although there is a Bitcoin Foundation that helps keep the code up to date, etc. |
29 January 2014, 12:52 AM | #47 | |
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Its all greek to me Biggest concern for me is that it seems once things become centralized, it invites corruption on a large scale....considering corruption has always and will always be here, it just seems inevitable. I don't believe there is any technology out there that is hack proof, this central currency concept I fear will prove to be no different. |
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29 January 2014, 03:23 AM | #48 |
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I'm not sure what you mean by "become centralized," but Bitcoin by definition is a decentralized currency concept. Bitcoin (or any cryptocurrency) will still technically exist as long as there are at least 2 computers with the blockchain data on them connected to the Internet. I agree nothing is hack proof, though. I don't think the fundamental operation of Bitcoin will be threatened by hacking anytime soon...but years down the line, who knows?
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29 January 2014, 03:39 AM | #49 | |
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my bitcoins gone down...
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Thanks for sharing again what is your king. It is duly noted. Personally I'm not into royalties.
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29 January 2014, 04:05 AM | #50 |
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Sorry than...Cash is my choice as it works everywhere. Hopefully that is more to your liking.
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29 January 2014, 04:34 AM | #51 | |
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by centralized i am thinking when we have 1 currency throughout the world (which i expect is the ultimate goal?) , i fear that it is easier for 1 mistake or selfish act to effect an exponential number. my thinking is essentially similar to how computers have altered things, the saying is something to the effect of this: not since computers has such a small action (pressing enter) been capable of such monumental and catastrophic consequences. i dream of a day when we have a streamlined and effective system of checks and balances, i believe that would be worth the ultimate noble prize, however at this time there is no such thing and human nature is too flawed to be in charge of things as the global economy expands… ultimate power is a mo-fo |
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29 January 2014, 04:41 AM | #52 |
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29 January 2014, 04:42 AM | #53 |
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Bitcoin, amongst other crypto currencies, will remain, yes, but will remain unstable, more so than regular currency.......why?Simple, Banks.....they will fight tooth and nail to discredit any crypto currency......guess who runs this world? Banks, banks with real assets.
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29 January 2014, 04:48 AM | #54 |
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What about Pledgecoins?
I note that some here aren't dabbling, tightwads. |
29 January 2014, 04:51 AM | #55 |
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29 January 2014, 04:54 AM | #56 |
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I was indeed your honor.
Great idea!
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29 January 2014, 05:01 AM | #57 |
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29 January 2014, 05:05 AM | #58 |
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29 January 2014, 05:06 AM | #59 |
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29 January 2014, 05:10 AM | #60 | |
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Saving up for LeapardTona
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