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re: My faith in Bitcoin just went out the windowPosted by Vols&Shaft83 on 3/8/13 at 10:25 am to GFunk
Set it on fire, your result will be the same but it'll be over quickly.
re: My faith in Bitcoin just went out the windowPosted by LSURussian on 3/8/13 at 10:28 am to WikiTiger
quote:Maybe he is just being rude and refuses to reply to your posts....
I would appreciate it if you answered mine.
re: My faith in Bitcoin just went out the windowPosted by Vols&Shaft83 on 3/8/13 at 10:40 am to WikiTiger
Maybe if it had a backing of something other than the word of the bitcoin creator. Whom by the way nobody has met or knows if they truly exist. Someone we could hold accountable when the scam collapses.
Now I'd appreciate if you could answer Russians questions?.
Now I'd appreciate if you could answer Russians questions?.
re: My faith in Bitcoin just went out the windowPosted by WikiTiger on 3/8/13 at 10:46 am to Vols&Shaft83
quote:
Maybe if it had a backing of something other than the word of the bitcoin creator. Whom by the way nobody has met or knows if they truly exist. Someone we could hold accountable when the scam collapses.
That's your whole beef? Backing?
In that case, cryptocurrency will never be for you, as one of the key components of them will be that they have no backing. If that scares you, then don't use bitcoins or other non-backed currencies.
quote:
Now I'd appreciate if you could answer Russians questions?.
Which questions specifically?
re: My faith in Bitcoin just went out the windowPosted by Vols&Shaft83 on 3/8/13 at 10:48 am to WikiTiger
How about any of them?
re: My faith in Bitcoin just went out the windowPosted by WikiTiger on 3/8/13 at 10:49 am to Vols&Shaft83
quote:
How about any of them?
Post them and I'll answer them.
re: My faith in Bitcoin just went out the windowPosted by MetalTiger on 3/8/13 at 10:54 am to WikiTiger
WikiTiger is correct. Your faith in Site5 as a domain registrar should be shaken. There is nothing wrong with bitcoin. I trust my hardware and encryption to protect my BTC. It is as simple as using truecrypt and offline storage.
re: My faith in Bitcoin just went out the windowPosted by TheOcean on 3/8/13 at 10:58 am to MetalTiger
quote:
It is as simple as using truecrypt and offline storage.
Easy as 1, 2, 3 for the average computer joe.
re: My faith in Bitcoin just went out the windowPosted by Poodlebrain on 3/8/13 at 11:07 am to WikiTiger
quote:This is categorically untrue in the United States. What do the following mean?
bitcoins cannot be frozen or seized by any government or private actor
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the
Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin
of the United States
Those are powers specifically granted to COngress by our Constitution. Your bitcoins could be declared worthless foreign coins, exchange rate of zero, at any point in time by Congress. Possession could be made a crime just like possession of child pornography. Those are hardly characteristics that excel traditional currencies.
re: My faith in Bitcoin just went out the windowPosted by LSURussian on 3/8/13 at 11:10 am to WikiTiger
quote:I've already posted them. You're just showing your immaturity.
Post them and I'll answer them.
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re: My faith in Bitcoin just went out the windowPosted by boosiebadazz on 3/8/13 at 11:18 am to Poodlebrain
libertarians are sovereign citizens and the actions of the United States government have no bearing on them
re: My faith in Bitcoin just went out the windowPosted by TheOcean on 3/8/13 at 11:19 am to Poodlebrain
quote:
Your bitcoins could be declared worthless foreign coins, exchange rate of zero, at any point in time by Congress.
Yeah, I felt like bringing this up, but realized it would just garner some around-the-bout reply. Once the US takes action against bitcoin (which it will), I'm going to guess the entire scheme crashes.
re: My faith in Bitcoin just went out the windowPosted by WikiTiger on 3/8/13 at 11:49 am to Poodlebrain
quote:
This is categorically untrue in the United States. What do the following mean?
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the
Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin
of the United States
Those are powers specifically granted to COngress by our Constitution.
I don't think you quite understand the constitution. But whatever, I'll never convince you of how wrong you are on this topic. Even showing you alternative currencies being legally used in the US wouldn't convince you.
quote:
Your bitcoins could be declared worthless foreign coins
They can do that all they want. It will have no real impact on the actual price, except maybe cause it to go up.
quote:
Possession could be made a crime
Is this something you would support?
re: My faith in Bitcoin just went out the windowPosted by boosiebadazz on 3/8/13 at 11:57 am to WikiTiger
wikster, i want to go back to my idea of the government mining a bunch of coins.
didnt you say that the rate of mining is controlled i.e. only 100 coins can be mined an hour or whatever. of those 100 coins, what determines how many i would get versus how many you would get? is it the power of the computing machinery?
didnt you say that the rate of mining is controlled i.e. only 100 coins can be mined an hour or whatever. of those 100 coins, what determines how many i would get versus how many you would get? is it the power of the computing machinery?
This post was edited on 3/8 at 11:59 am
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