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re: Installed my first bitcoin miner...

Posted on 2/27/13 at 7:55 pm to
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69915 posts
Posted on 2/27/13 at 7:55 pm to
Posted by lsu_tiger_az
AZ/LA
Member since Mar 2004
30404 posts
Posted on 2/27/13 at 7:56 pm to
quote:

Bc you can use bitcoins on bank holidays.... Duh


Perfect......

That means when the Mustang arrives @ SDL,
I can pay you right away!





Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 2/27/13 at 7:56 pm to
quote:

Why would i not pay money just for my item instead of "mining" for bitcoins or buying bitcoins....

makes no sense


there are many reason for this, but they may actually be reasons for which you see no value. that's ok. anyway, among those reasons:

bitcoin can be seen as a hedge against inflation
bitcoins cannot be seized or have "accounts" frozen by governments or private parties
bitcoin transactions are extremely fast and cheap, and work at all hours of the day, including weekends and holidays
bitcoin transactions are secure and carry no chargeback risk
bitcoin is a "push" type of transaction and requires you provide no personal info, vs. credit cards which are "pull" and do require personal information
bitcoin can be used anonymously if you choose
Posted by Lsut81
Member since Jun 2005
80160 posts
Posted on 2/27/13 at 7:57 pm to
Vol, you've become my new fav poster
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 2/27/13 at 8:00 pm to
quote:

how about I get on Minecraft, and trade you my diamonds at $5 a piece?


Did you know that there is a working bitcoin casino built in minecraft?
Posted by lsu_tiger_az
AZ/LA
Member since Mar 2004
30404 posts
Posted on 2/27/13 at 8:00 pm to
quote:

there are many reason for this, but they may actually be reasons for which you see no value. that's ok. anyway, among those reasons:

bitcoin can be seen as a hedge against inflation
bitcoins cannot be seized or have "accounts" frozen by governments or private parties
bitcoin transactions are extremely fast and cheap, and work at all hours of the day, including weekends and holidays
bitcoin transactions are secure and carry no chargeback risk
bitcoin is a "push" type of transaction and requires you provide no personal info, vs. credit cards which are "pull" and do require personal information
bitcoin can be used anonymously if you choose





What would you "buy" with bitcoins that would not require the item/product be delivered?

There goes someone's anonymity.....

Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48976 posts
Posted on 2/27/13 at 8:02 pm to
quote:

Did you know that there is a working bitcoin casino built in minecraft?


i did not...

Why would someone pay real money for bitcoin?
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 2/27/13 at 8:03 pm to
quote:

What would you "buy" with bitcoins that would not require the item/product be delivered?


Web hosting and VPN services are two very common examples in the bitcoin community

porn is another

Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69915 posts
Posted on 2/27/13 at 8:05 pm to
quote:

Vol, you've become my new fav poster


AWWWWWWWWWWW YEAAAAAAAAAA


Posted by lsu_tiger_az
AZ/LA
Member since Mar 2004
30404 posts
Posted on 2/27/13 at 8:05 pm to
quote:

Web hosting and VPN services are two very common examples in the bitcoin community

porn is another



So no tangible goods would be traded/purchased?

Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 2/27/13 at 8:05 pm to
quote:



Why would someone pay real money for bitcoin?


Because they feel it has value.

For example, say you like to gamble online in the USA. Well, you can't because the US government has prohibited bank and credit card transfers to fund online casino accounts.

But with bitcoin, governments are powerless to stop it and you can gamble to your hearts content like a free individual should be able to.
This post was edited on 2/27/13 at 8:07 pm
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 2/27/13 at 8:06 pm to
quote:


So no tangible goods would be traded/purchased?


you can buy many tangible goods, but you'll just have to provide an address for delivery I suppose
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 2/27/13 at 8:08 pm to
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69915 posts
Posted on 2/27/13 at 8:09 pm to
quote:

governments are powerless to stop it





Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 2/27/13 at 8:10 pm to
quote:

quote:

governments are powerless to stop it






yea, maybe you're right, i mean they've been so successful at shutting down the silk road, right?
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69915 posts
Posted on 2/27/13 at 8:48 pm to
quote:

yea, maybe you're right, i mean they've been so successful at shutting down the silk road, right?


Do they even give a shite at this point? When they actually give a shite, we'll find out how "powerless" they really are.
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 2/27/13 at 9:01 pm to
Just curious... I don't know if you have said before, but how many do you personally have? (Down to the satoshi)
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 2/27/13 at 9:11 pm to
quote:

Just curious... I don't know if you have said before, but how many do you personally have? (Down to the satoshi)


How much money do you have in your bank account?
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 2/27/13 at 9:15 pm to
$3,665,435.06

Your turn....
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69915 posts
Posted on 2/27/13 at 9:19 pm to
frick you
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