[GMT]

DoT, the diff is, even when the markets fall, or the currencies lose value, there are still people somewhere working to generate wealth. With bitcoins, no one is generating any wealth, the only value it will ever have is what someone else is willing to gamble on it being worth more in the future. When the faith in it continuing to rise, vanishes, its value falls to 0.

[DreamsofTesla]

I don't see really any difference. Bitcoin is worth the shrooms, hash, or DMT they give you in exchange. What you're describing is the normal ups and downs of a going concern. I'm talking about after the whole thing crashes down like the house of cards it is. They just print money now with nothing whatsoever backing it up.

Unless they do a massive debt jubilee, which they don't seem to be inclined to do (ref. Cyprus) it's virtually guaranteed. I say bring it on, what a load of bullshit the financial system is.

[Stoner4Life]

Originally Posted by DreamsofTesla

Sorry about your stroke, man. God bless.

thnx Tessy, the thing that bothers me most is that when I think about the keyboard it's like I face I don't recognize. all my typing skills are gone & I'm damn near a hunt n' peck kinda guy now.

the other thing is that I'll never know whether the limitations in my right leg are due to the stroke (on my right side obviously) or the back injury I sustained the year before my stroke which affected my back & right leg.

[GMT]

bitcoins arent a going concern, they are a hand in a poker game. Currency may not be backed by gold anymore, but it is backed by the labour of the population in that country.

[DreamsofTesla]

Originally Posted by Stoner4Life

thnx Tessy, the thing that bothers me most is that when I think about the keyboard it's like I face I don't recognize. all my typing skills are gone & I'm damn near a hunt n' peck kinda guy now.

the other thing is that I'll never know whether the limitations in my right leg are due to the stroke (on my right side obviously) or the back injury I sustained the year before my stroke which affected my back & right leg.

I saw a book written by a neurologist who realized she was having a stroke right as it was beginning. I read portions of it, really interesting. She obviously has a huge amount of insight into the process, first being a neurologist and then having one herself and being fully conscious while it was happening. Wish I could remember the name of the book.

[lost in a sea]

silk road must be a cia front or something or it surely would have been taken down by now..

i wont ever trust bitcoin either personally..

[PhenoMenal]

SR has been running successfully for years without being taken down because 1) it is cryptographically protected, and 2) their operators seemingly havent made any of the common n00b fuckups that would get similar sites taken down. Cryptography is only as strong as the weakest link in the chain, and it's pretty obvious the SR operators know that.

[noyd666]

my two cents.lol.

[PhenoMenal]

lost in a sea: you say "i wont ever trust bitcoin either personally" ...... by any chance do you have USD?

We have had scam after scam perpetrated on us so now everything seems like a scam. Enron, oil scams, insurance scams, government over taxing and charging us rent in the form of property taxes on land we do not really own, other taxes on every goddamn thing in the universe that can be moved, hauled off, sold, or bought until these slave masters get it all in the form of their one world government scheme. Our own people are scamming on us 24/7 with no ethics nor conscious what so ever. Like financial hit men. And even if a person gets into Bitcoin, the goddamn money police might just pick you as the person to audit for participating in it since it is against their fucked up money system. It is against the law for us to retaliate against someone but the government does so on a daily basis for political reasons and to gain media time to sell their minions that they are actually getting off their collective lazy asses and working. But in reality, they pick the low flying fruit that falls in their laps. That's what is wrong with any idea that concerns money or assets. The Borg doesn't like competition for the food it eats and eats - money...