Unlike any other currency out there it's making a lot of people a lot of money-for-nothing, and fast...
lost in a sea: you say "i wont ever trust bitcoin either personally" ...... by any chance do you have USD?
problem here is that anything bitcoin can buy, I can live without.
btw, if it rises that fast it can fall just as quickly (FACT!) and your dollars worth of bitcoin today might be worth all of 4 cents tomorrow.
here's a quote from Wiki:
Currently, 25 new bitcoins are generated with every 10-minute block. This will be halved to 12.5 BTC during the year 2017 and halved continuously every 4 years after until a hard limit of 21 million bitcoins is reached during the year 2140.
25 new bitcoins every 10 minutes and unless they're giving them away only one entity is getting ridiculously fucking filthy rich from this scam. let's see 25 x $104 = $2600; Satoshi Nakamoto is making out like a bandit.
if the price of a bitcoin remains stable for 24 hours Satoshi Nakamoto will make $375,000, and he will make that amount every single 24 hour period bitcoins remain @ $104.
it's good to be the king.
"...Ok first off, silk road has been left open as it is a huge data collection center for the alphabet soup agencies. They have already used it to make busts.
Because of the anonymity you would never know if the ten thousand acid hits were going to be delivered, or if your door was going to be kicked or w/e.
I personally know people who have been ripped on sr before too, I mean how hard is it to just build a rep and then pull a huge rip, disappear and reappear with a new name to do it again..."
problem here is that anything bitcoin can buy, I can live without.
I guess you misread me. He traded the coins for cash and the cash for rent, bills and food. You can do without those things? Or you don't realize the bitcoins can be traded for cash as well? Peace GS
Ok first off, silk road has been left open as it is a huge data collection center for the alphabet soup agencies. They have already used it to make busts.
Find me just 1 article where there is PROOF that Silk Road was directly MONITORED to capture anyone. Yes that's MONITORING OF SILK ROAD ITSELF, not "it just so happens that after we searched his computer by chance we found evidence of Silk Road usage".