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Mr Bitcoin Goes to Washington

Posted on 4/8/14 at 11:01 am
Posted by Lsut81
Member since Jun 2005
80244 posts
Posted on 4/8/14 at 11:01 am
Just heard Polis on CNBC talking about the benefits and he was asked about investing in bitcoins... His answer "No, people shouldn't invest.. They should transfer dollars into bitcoins in order to complete a transaction"

So wtf is the point of transferring $ to bitcoin to complete a transaction when I can just use my Amex to do the same fricking things???


quote:

The bitcoin ATM manufacturing company, Robocoin, has been invited by Congressman Jared Polis to the United States Capitol Hill to do a presentation about its machines. This is a great development between the government and the digital currency known as bitcoin.

This momentous event will take place on April 8, from 4:00-7:00 P.M in the Rayburn House Office Building. The bitcoin ATM manufacturing company will bring its hardware and supplies to the capitol office. There, it will demonstrate the device to the rest of congress and other officials who will attend the event. A question and answer session will also be hosted by the company. Furthermore, Congressman Polis will also speak at the event.


LINK /
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
28843 posts
Posted on 4/8/14 at 11:29 am to
quote:

Just heard Polis on CNBC talking about the benefits and he was asked about investing in bitcoins... His answer "No, people shouldn't invest.. They should transfer dollars into bitcoins in order to complete a transaction"

That doesn't make sense, but if you invest in bitcoin the government has no idea what you have and how much to tax you on if you have gains.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 4/8/14 at 11:30 am to
quote:

So wtf is the point of transferring $ to bitcoin to complete a transaction when I can just use my Amex to do the same fricking things???


Bro, do you even black market?
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 4/8/14 at 3:53 pm to
Just wait for congress to realize money really can be created out of thin air....
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 4/10/14 at 10:31 am to
Bitcoin hit $382.70 on Bitstamp this morning which is a new 30 day low, down 38% over the last 30 days.
This post was edited on 4/10/14 at 10:33 am
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