Hmmmm, the more you guys try to explain the value/security the more it sounds like a pyramid scheme..............
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Bitcoin is at $841 USD right now...
- Thread starter TheCleanGame
- Start date
Britcoin sounds like another foni british intelligence banking scam.
doesn't a pyramid scheme need the recruit of new fools to be parted w/their money and once those new recruits dries up the house of card falls.
BC is a currency, not a scheme. the value is where the debate is at.
peace
There are only about half of the Bitcoins in "circulation" right now, so there is where the new fools as you say will come in. As with a pyramid scheme the sooner you get in the sooner you rise to the top.
IMO a currency is something tangible, an electronic signature is not tangible.
The value is electricity.
Remember, bitcoins aren't created from USD or any other currency.
They are generated.
The generation and distribution of bitcoin is what the service is.
You pay the exchange for using bitcoin, if you didn't know it.
So you can buy them, or create them. By creating them, you become the bank and service.
Much like gold, electricity is worthless. Or hashes created from electricity is worthless.
Unless you accept gold has real value (computer socket pins and certain shields) but it's demanded value is much higher than it's utility.
In bitcoin, the value of a bitcoin is electricity, but it's demanded value is much higher.
It's worth is ultimately electricity. It's cost is whatever you pay.
It's volatile because it's based on it's demand for a system that isn't the dollar.
Bitcoin is investing. I thought: it's harder to use bitcoin in real life. So bitcoin keeps itself safe, because regular currency is used for all else.....
That doesn't need secrecy.
That's cool because people won't use it, except for what bitcoin was created for.
So it moderates it's reach by only having an niche use.
So it's not used as money for regular spending(all the time), it's value is money....but it's use value is for transactions that require it.
Again, bitcoin is electricity generated hashes. Just like gold is worthless and shiny.
So they do have worth, it's just how much is socially built and not.
Much of bitcoins price is built up socially, like gold.
More coins are created by the miners..all the time
It goes down by law of bitcoin creation,
If people gain interest..the price will rise.
Luckily the news is: "This bitcoin is exciting and dangerous and I don't understand it. It's all internetty."
That helps.
I love all the pryamid scheme talk.
How do you think investments work?
The investment.
Is in the bitcoin.
Which is the service.
Which makes the money.
Making the price increase, by people buying them.
Which makes a pyramid......but the pyramid is stripped....
More bitcoins are created each day.
As long as interest in it steadies, the price will deflate.
Almost a pyramid. Pretty trapezoidal.
My sentences are in logically sequential order.
Remember, bitcoins aren't created from USD or any other currency.
They are generated.
The generation and distribution of bitcoin is what the service is.
You pay the exchange for using bitcoin, if you didn't know it.
So you can buy them, or create them. By creating them, you become the bank and service.
Much like gold, electricity is worthless. Or hashes created from electricity is worthless.
Unless you accept gold has real value (computer socket pins and certain shields) but it's demanded value is much higher than it's utility.
In bitcoin, the value of a bitcoin is electricity, but it's demanded value is much higher.
It's worth is ultimately electricity. It's cost is whatever you pay.
It's volatile because it's based on it's demand for a system that isn't the dollar.
Bitcoin is investing. I thought: it's harder to use bitcoin in real life. So bitcoin keeps itself safe, because regular currency is used for all else.....
That doesn't need secrecy.
That's cool because people won't use it, except for what bitcoin was created for.
So it moderates it's reach by only having an niche use.
So it's not used as money for regular spending(all the time), it's value is money....but it's use value is for transactions that require it.
Again, bitcoin is electricity generated hashes. Just like gold is worthless and shiny.
So they do have worth, it's just how much is socially built and not.
Much of bitcoins price is built up socially, like gold.
More coins are created by the miners..all the time
It goes down by law of bitcoin creation,
If people gain interest..the price will rise.
Luckily the news is: "This bitcoin is exciting and dangerous and I don't understand it. It's all internetty."
That helps.
I love all the pryamid scheme talk.
How do you think investments work?
The investment.
Is in the bitcoin.
Which is the service.
Which makes the money.
Making the price increase, by people buying them.
Which makes a pyramid......but the pyramid is stripped....
More bitcoins are created each day.
As long as interest in it steadies, the price will deflate.
Almost a pyramid. Pretty trapezoidal.
My sentences are in logically sequential order.
Heread1939
New member
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one of the things spam groups have set up is 'games for bitcoins' and one of the games is typing in captchas so that bots can join any forum that ever mentions bitcoins and post spam about bitcoin
I currently don't know any lawyers or bailbondsman accepting bitcoins . and after fleeing to the Mexican boarder I would have a hard time convincing them to take any either.prob think I was fucking crazy. no thanks
if i was fleeing the USA i would want bitcoins, less stuff to confiscate at the border
"College Kid makes $24,000 in Bitcoins"
http://finance.yahoo.com/news/college-kid-made-over-24-153845085.html
http://finance.yahoo.com/news/college-kid-made-over-24-153845085.html
Invest in friends and family and skillz.
watch this
http://www.silverdoctors.com/chris-...iracy-silver-to-break-the-economy/#more-35706
watch this
http://www.silverdoctors.com/chris-...iracy-silver-to-break-the-economy/#more-35706
Millions vanish....?????
Millions vanish....?????
Just ran across this, kinda intersting
http://news.yahoo.com/bitcoin-heist-millions-vanish-online-175333383.html
Millions vanish....?????
Just ran across this, kinda intersting
http://news.yahoo.com/bitcoin-heist-millions-vanish-online-175333383.html
664! Whatever you do, don't sell. If anything, buy more BTC while the prices are so low!
Now's the time to buy in as this is a political and 'we don't understand complex software' setback in price. Once it fades, the price will again rise.
There's a couple ways to get BitCoin where you don't have to buy/build/run a mining rig and basically can let your money work for you. The first is CEX.IO where you can buy shares of ASIC mining rigs and you recieve a share of the mining results they produce. CEX mines BitCoin, NameCoin, PrimeCoin and DevCoin at the same time and they allow purchase of Ghash shares using NameCoin or BitCoin.
The newest is SCRYPT.CC. They sell shares of KH/S mining rigs that mine SCRYPT based coins. The rigs mine the most profitable scrypt coins and deposits the result in bitcoin into your account every 10 minutes.
What's cool is you don't have to pay electricity, listen to mining rigs whirr away in the dark/day, check for downed workers, tune your rigs or any of the other hassles that go along with mining.
BitCoin is here to stay... love it or miss out.
Keep it Clean!
Now's the time to buy in as this is a political and 'we don't understand complex software' setback in price. Once it fades, the price will again rise.
There's a couple ways to get BitCoin where you don't have to buy/build/run a mining rig and basically can let your money work for you. The first is CEX.IO where you can buy shares of ASIC mining rigs and you recieve a share of the mining results they produce. CEX mines BitCoin, NameCoin, PrimeCoin and DevCoin at the same time and they allow purchase of Ghash shares using NameCoin or BitCoin.
The newest is SCRYPT.CC. They sell shares of KH/S mining rigs that mine SCRYPT based coins. The rigs mine the most profitable scrypt coins and deposits the result in bitcoin into your account every 10 minutes.
What's cool is you don't have to pay electricity, listen to mining rigs whirr away in the dark/day, check for downed workers, tune your rigs or any of the other hassles that go along with mining.
BitCoin is here to stay... love it or miss out.
Keep it Clean!
I remember bitcoin when it was $1 for a $1 I think. That's amazing! Can you use them anywhere? How do you use them? I think it was a mom service that wanted me to use bitcoin and I never did. Or maybe I did and there's thousands waiting! Pretty sure I didn't. Would be interested to know what you can actually do with them now. I won bitcoins I think. This is crazy I'm looking in my files.
