Installed my first bitcoin miner... | Page 5 | TigerDroppings.com
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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26151 posts

re: Installed my first bitcoin miner...

quote:

you can pay a chick to get naked for you on r/girlsgonebitcoin or on the new bitcoin camgirl site


Image: http://t.qkme.me/3t61d8.jpg


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Meauxjeaux
Memphis Fan
90248 posts including my alters
Member since Jun 2005
18917 posts

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

I can't physically do anything with a bitcoin. This is a "number" that is made up by a computer and has no value other then a few individuals thinking they should be worth something


Shite that sounds like all of the dollars in my ebank! Yikes!


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LSURussian
LSU Fan
Member since Feb 2005
85147 posts

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

But WTF is it?
quote:

It's a cryptographic token.

Ah, okay then...I feel MUCH better about it...



LSURussian
LSU Fan
Member since Feb 2005
85147 posts

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

Do you deny that people right now are paying around $31.32 for a bitcoin?

So what? Some fool paid over $600,000 for a used, 30+ year old hockey jersey this week.

That doesn't mean the jersey is worth $600,000.


eng08
LSU Fan
Member since Jan 2013
2617 posts

re: Installed my first bitcoin miner...
This sounds like when I was in grammar school / high school I used to play UltimaOnline. I used to sell stuff on there for real cash.

I will admit it was sort of a scam, real dollars for pixels.


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

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

what if everyone decides to exchange out their bitcoins for USD's at one given time


if there were an abundance of sell orders on the exchanges, I imagine the price would drop tremendously and quickly

quote:

But what is stopping these individuals from making up millions for themselves and cashing out after all of you minions invest money into the system?


No one can "make up" bitcoins. They can mine them, but that takes a great amount of resources (i.e. value for value).

The protocol prevent the creation of new bitcoins, and if attempted would simply be rejected by the network. As I've mentioned before, forks of the bitcoin blockchain can be created by they would essentially be a new currency.







LSURussian
LSU Fan
Member since Feb 2005
85147 posts

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

No one can "make up" bitcoins.


This has yet to be proven......
This post was edited on 2/27 at 4:58 pm


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Lsut81
USA Fan
Member since Jun 2005
65951 posts

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

They can mine them, but that takes a great amount of resources


So the creators put X number of bitcoins into the program and that is it, forever?


LSURussian
LSU Fan
Member since Feb 2005
85147 posts

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

forks of the bitcoin blockchain


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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26151 posts

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

Do you deny that people right now are paying around $31.32 for a bitcoin?


Right now, as we speak, people are paying real money for W.O.W Gold.

It's apparently valuable, in the World of Warcraft. Probably because MR.T keeps taking it from people to make more chains.

What would I pay for W.O.W. gold? NOT A MOTHER frickING THING, BECAUSE IT'S NOT REAL, IT'S LINES OF CODE/ENCRYPTED CODE/WHATEVER. IT'S WORTHLESS, IT DOESN'T EXIST, IT'S A FIGMENT OF SOME PROGRAMMER'S IMAGINATION.

It's an alternative currency, for an alternative universe. And no, before you ask, I've never played. How is bitcoin any different?


AUtigerNOLA
Auburn Fan
New Orleans, LA
Member since Apr 2011
11716 posts

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

and if you're in a frisky mood you can pay a chick to get naked for you on r/girlsgonebitcoin or on the new bitcoin camgirl site (can't remember the name)


This quote made me lol so hard IRL. I lost it.


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

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


So the creators put X number of bitcoins into the program and that is it, forever?


Yes. 21 million of them to be precise.


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

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

Right now, as we speak, people are paying real money for W.O.W Gold.


Yup.

quote:

It's apparently valuable, in the World of Warcraft.


Yup.

quote:

What would I pay for W.O.W. gold? NOT A MOTHER frickING THING


That's fine and dandy, but that doesn't mean it's not valuable.

quote:

How is bitcoin any different?


Maybe it's not

short relevant video related to your comments - very worth a viewing


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

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

It's an alternative currency, for an alternative universe. And no, before you ask, I've never played. How is bitcoin any different?



Because...........


give me a minute.



Ahhhhhhhhh...........



It's different because it's different, the first invisible currency! And it's on the Web...

What could be better






P.S. Will we be able to "short" bitcoins on the web?









WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

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

Will we be able to "short" bitcoins on the web?


Yes. You can short bitcoins.

https://icbit.se/

http://www.thebitcointrader.com/2013/02/the-latest-on-bitcoin-margin-trading.html


Lsut81
USA Fan
Member since Jun 2005
65951 posts

re: Installed my first bitcoin miner...
Dude, I hope you make out like a champ...

I could never risk my money on something as uncertain


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

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

I could never risk my money on something as uncertain


Well, I'll sell you 100 Bitcoins at the market price....

You can be more comfortable with someone you have met and know, right?


This post was edited on 2/27 at 5:39 pm


Lsut81
USA Fan
Member since Jun 2005
65951 posts

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

Well, I'll sell you 100 Bitcoins at the market price....






Whats the real vig?


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

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




Whats the real vig?


None, I always treat my friends right...


Once you give send me the cash, I'll email you the Bitcoins....

Trust me...



WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

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

Once you give send me the cash, I'll email you the Bitcoins....

Trust me...



you guys should use localbitcoins.com

its escrow ensures that no one will get ripped off
This post was edited on 2/27 at 5:45 pm


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