Bitcoin will fall
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palomino:If you can exchange it for actual money, it is money. Food is edible money. Common sense!
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Off Topic Bitcoin will fall palomino:If you can exchange it for actual money, it is money. Food is edible money. Common sense!
DannyDeth: Then TF2 metal is money as well. palomino: Stop.
Uglynator is right here. Seriously, Alex, you don't know much about economics, do you. palomino has writtenBitcoins are accepted in 0 countries.
You can still exchange it.
@
oxytamine: Seriously, Nick, you've bought lots of them at $200, didn't you. palomino has writtenBitcoins are accepted in 0 countries.
Technicalls, Bitcoins are accepted in every country with a working internet connection. You can buy stuff on the internet, you know.
Uglynator has written palomino has writtenBitcoins are accepted in 0 countries.
Technicalls, Bitcoins are accepted in every country with a working internet connection. You can buy stuff on the internet, you know.
Amazon accepts bitcoins? Didn't know that. In all seriousness, does it?
DannyDeth: That is demagogy, isn't it? DannyDeth: According to that logic bread is as much a currency as USD is. No, dude, I don't have any bitcoins. I just know that such system can never fall, at least in the closest future.
oxytamine: It doesn't stand on anything. It isn't even a currency unless you're buying drugs, it's like a little token you're investing in, like gold. Just that gold is very real. While bitcoins are a virtual commodity. If you say that they can be sold for dollars, so can shares. You still can't buy things with shares, stocks, whatever.Sorry about the 4chan comment though, thought you were Factis.
I heard on the news that Cyprus has placed a ATM that's ment for exchange of Bitcoins or Euroes. In closer speculation it sounds very unrealistic but it's no doubt a fun idea. If you've seen the Wiki about this currency you will laugh I'm sure. It's a cryptographic currency that simply relies on good hardware, if you don't got that hardware it'll be really difficult to earn bitcoins. So the people who can draw benefit from this new currency and this new way of making bitcoins that they can later exchange for money legally. There's really just people with good computer specs who will be the real winners in this case, that's kind of low in my opinion but I guess it's kind of fair. Because that makes it difficult to make money, but those who have got the hardware for it really would've deserved to bitcoin mine profit since they've invested in hardware which in Sweden for instance costs a fortune really. Judging from it that way it seems quite fair in a way, it damages or slows their GPU prior to usage and the bitcoin miners earn their bitcoins as they progress on mining blocks and afterwards they would be able to exchange the BTC in Steam for games and such things.
I personally don't recommend anyone to try bitcoin mining on computers with low specs, I'm recommending you that. I personally don't mine because my specs are in the middle (Intel CORE i5 vPro) but it's not as good as a computer with i7 or greater. I have no proper GPU which is compatible with the bitcoin mining applications that come with bitcoin. But I admire the idea of having a new currency that relies on computational power and good hardware for the most part. That's just how I look at it, but this opens alot of doors to people who really want to make some money. It takes time though, so have patience if you are a bitcoin miner. I'm for this currency if it does any good, if it fails I don't have any words to say.
palomino has written panteraxox has writtencapitalism at its best.
Capitalism = free market. Not gambling with imaginary stuff. Educate yourself.
i feel sorry for ur ignorance. Currency trading is pretty much gambling. the more information u know about the deck (an unpredictable market) the more probability you have for profit. You lay in your couch behind ur pc all day smoking pot thinking how good it is to live in a "free" market while people in Africa are starving because of agricultural subsidies of global corporations and billions of people across the 3rd world countries work day just to export everything to the 1st world. There is nothing "free" about capitalism at all. its taking what you can and fucking everybody else over because at the end of the day.. nobody really gives a shit.
KimKat has writtenI personally don't recommend anyone to try bitcoin mining on computers with low specs, I'm recommending you that. I personally don't mine because my specs are in the middle (Intel CORE i5 vPro) but it's not as good as a computer with i7 or greater. I have no proper GPU which is compatible with the bitcoin mining applications that come with bitcoin. But I admire the idea of having a new currency that relies on computational power and good hardware for the most part. That's just how I look at it, but this opens alot of doors to people who really want to make some money. It takes time though, so have patience if you are a bitcoin miner. I'm for this currency if it does any good, if it fails I don't have any words to say.
lol, your gonna need alot more then a crappy core i5 with integrated graphics to mine out the potential power supply expenses.
also bitcoin just dropped $200 in 2 days.
edited 1×, last 12.04.13 09:29:07 am
Uglynator: Subsidies and monopolies are against the principles of free market. The fact that those exist means there is no capitalism yet. It is. Currency does not exist, it is just made up. We give value to the things we want to. FFS it's basic thinking. It was invented so that a chicken farmer can trade his eggs for something that will be of value to everyone. It is just another item.
DannyDeth: Just that now a "currency" is a very real thing.Bitcoins are like stocks. People invest in them. And just like in the US during the 20's, when a lot of people start to sell stocks their value decreases. The same is with bitcoins. FFS it's basic thinking.
palomino: Wrong-wrong-wrong, man. Seriously.