Installed my first bitcoin miner... | Page 7 | TigerDroppings.com
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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
24225 posts

re: Installed my first bitcoin miner...



lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: Installed my first bitcoin miner...
quote:

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


Perfect......

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







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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Installed my first bitcoin miner...
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


Lsut81
USA Fan
Member since Jun 2005
65717 posts

re: Installed my first bitcoin miner...
Vol, you've become my new fav poster


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Installed my first bitcoin miner...
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?


lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: Installed my first bitcoin miner...
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.....



HailToTheChiz
North Carolina Fan
Chapel Hill
Member since Aug 2010
9941 posts

re: Installed my first bitcoin miner...
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?


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Installed my first bitcoin miner...
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



Vols&Shaft83
Tennessee Fan
Member since Dec 2012
24225 posts

re: Installed my first bitcoin miner...
quote:

Vol, you've become my new fav poster


AWWWWWWWWWWW YEAAAAAAAAAA

Image: http://gifsforum.com/images/gif/dancing/grand/95823507_dance_gif.gif



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lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: Installed my first bitcoin miner...
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?



WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Installed my first bitcoin miner...
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 at 8:07 pm


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Installed my first bitcoin miner...
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


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Installed my first bitcoin miner...


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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
24225 posts

re: Installed my first bitcoin miner...


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Installed my first bitcoin miner...
quote:

quote:

governments are powerless to stop it


Image: http://gifsforum.com/images/gif/no%20no%20no/grand/13267958.gif




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


Vols&Shaft83
Tennessee Fan
Member since Dec 2012
24225 posts

re: Installed my first bitcoin miner...
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 shit, we'll find out how "powerless" they really are.


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TigerDeBaiter
LSU Fan
Member since Dec 2010
3053 posts

re: Installed my first bitcoin miner...
Just curious... I don't know if you have said before, but how many do you personally have? (Down to the satoshi)


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Installed my first bitcoin miner...
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?


LSURussian
LSU Fan
Member since Feb 2005
85143 posts

re: Installed my first bitcoin miner...
$3,665,435.06

Your turn....


Vols&Shaft83
Tennessee Fan
Member since Dec 2012
24225 posts

re: Installed my first bitcoin miner...
frick you


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