quote:Has anyone on this board said otherwise? I don't recall a single post saying or even suggesting that bitcoins are illegal. It's not illegal, just very risky.
translation: Bitcoins are legal to use
quote:It is the beginning of destroying your infamous "it's all anonymous" meme. Exchanges will be required to report transactions or subject to review of their transactions, especially those over a certain amount.
But here on the Money Board, the histrionics among you will certainly predict its doom.
You are either too dumb to get it or too obtuse to acknowledge that the ability to regulate is the ability to remove anonymity from bitcoin ownnership.
quote:There you go again, Mr. Stanford. We are just so dumb we don't understand the brilliance of your investment scheme which collapsed and cost innocent people their life savings.
All these threads prove to me is that most of y'all lack the ability to understand the technical details of the technology and that limits your ability to discuss the topic effectively.
quote:That's the way it is NOW. You of all people should recognize that change is inevitable. Tracking of all bitcoin transactions is coming. Brace for it.
For instance, you buy 100 bitcoins from a regulated exchange. Those bitcoins are sent to 1 bitcoin address. The only record of you possessing those bitcoins is the record the exchange has that says they sent 100 bitcoins to that address.
Once you receive your bitcoins at that address, you could easily split them between 100, 1000, even 1 million different addresses if you so choose.
quote:I don't hate bitcoin or wiki. I just think this is a scam that is going to collapse and leave some people hurting who thought they had a sure thing from reading wiki's posts.
I don't understand all the hate for Bitcoin. Is it actual hate for Bitcoin itself and what it represents, or is it hate for Wiki?
quote:That's not correct. The dollar is backed by the full faith and credit of the U.S. government. That ain't "nothing."
our currency is backed by nothing
The only thing that makes it "valuable" is because we think it's valuable
That's not correct. The dollar is backed by the full faith and credit of the U.S. government. That ain't "nothing."
There is a thread on the board (not sure if it's trolling or not) about someone who invested in Iraqi Dinar, and he's not receiving a tenth of the hate Wiki receives. Pretty silly IMO.
quote:Agreed. But you brought it up so I responded.
we can save that for the poli board.
quote:Which is not allowed on this board. Or, at least it used to be not allowed. Chicken would intervene with a post whenever he thought someone was touting a stock too much.
Wiki is doing nothing different than people who praise certain stocks,
quote:True, along with the $650 hardware wiki says is required to mine "efficiently."
for the people capable of "mining" Bitcoin it risks nothing but time.
quote:If he started a thread or replied to a dinar thread almost weekly touting the dinar, you would see a difference in the replies he gets. Besides, I think his thread was tongue in cheek, IOW, a funny troll attempt.
There is a thread on the board (not sure if it's trolling or not) about someone who invested in Iraqi Dinar, and he's not receiving a tenth of the hate Wiki receives.
quote:I agree and I disagree. Some people believe anything they read on the internet. For example, I bet you didn't know in my spare time I'm a French male model.....
I doubt anyone here is seriously going to invest thousands of US dollars into Bitcoin. If they do, that's their problem and nobody can be blamed but themselves.
The regulation of exchanges allows for the anonymity of bitcoins to be removed at that point only.
quote:Bingo. We are constantly being told of all the wonderful characteristics of bitcoins. When we point out that some of those characteristics are non-existant, or subject to future regulation, it is not hating on bitcoins. It is questioning the claimed advantages of bitcoins over traditional currency, and raising questions about the viability of bitcoins as a currency or medium of exchange.
i dont think it's hate. i think it is skepticism to their actual utility and long-term viability
True, along with the $650 hardware wiki says is required to mine "efficiently." wiki encourages people not to mine bitcoins (he says he has never mined bitcoins) but to BUY bitcoins. That is what drives up the price of BC, which benefits him.
If he started a thread or replied to a dinar thread almost weekly touting the dinar, you would see a difference in the replies he gets. Besides, I think his thread was tongue in cheek, IOW, a funny troll attempt.
I agree and I disagree. Some people believe anything they read on the internet. For example, I bet you didn't know in my spare time I'm a French male model.....
And I've never seen Wiki literally say to buy Bitcoin,
quote:It's novel in its technological approach but Ponzi schemes have been around since, well.......Charlie Ponzi pulled off the first one.
Being that it is a novel concept
quote:That's French, right???
That's quite a repertoire,
And I've never seen Wiki literally say to buy Bitcoin, I could be wrong, but I've read many of these threads.
quote:You're being deceitful.
I constantly say don't mine them and don't buy them.
quote:I bet there are some people who wish someone had silenced Bernie Madoff and Allen Stanford early on....
Some people here would prefer to silence me
So if somebody wanted to track them they couldn't?
I doesn't seem like tracking A to B to C and so on would be very hard if somebody wanted to.