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Message
re: Bitcoin's value dropped after flaw found in currency software
Posted on 2/11/14 at 12:02 pm to joshnorris14
Posted on 2/11/14 at 12:02 pm to joshnorris14
quote:You?
If everyone else really, really, really sucks and you just really suck, what does that make you?
:rimshot:
0
Posted on 2/11/14 at 12:05 pm to Merck
quote:Speaking of being monumentally stupid....
I was just pointing out the hypocrisy of acting like BTC is so monumentally stupid while ignoring the fact that its really not too dissimilar from common stocks.
Posted on 2/11/14 at 12:10 pm to LSURussian
what ever kind of duck it is, it seems to have bounced back nicely.
if it was at 700 when it fell, it's back up to 676.00 after just two days.
had i not been so heavily sedated yesterday, i would have bought just so i could be on the same side of an argument as wiki.
if it was at 700 when it fell, it's back up to 676.00 after just two days.
had i not been so heavily sedated yesterday, i would have bought just so i could be on the same side of an argument as wiki.
Posted on 2/11/14 at 12:19 pm to Mizzoufan26
quote:
Cool an article about bit coins being able to buy items in June, or your ability to spend them on other worthless items (zynga games)
I can go to gyft.com, use my bitcoin to buy an Amazon gift card, and then purchase whatever I want at Amazon in 10 minutes tops.
Posted on 2/11/14 at 12:21 pm to MFn GIMP
quote:
I can go to gyft.com, use my bitcoin to buy an Amazon gift card, and then purchase whatever I want at Amazon in 10 minutes tops.
What do you benefit out of doing this though? Adding the extra step, that is.
Posted on 2/11/14 at 12:28 pm to MFn GIMP
quote:
I can go to gyft.com, use my bitcoin to buy an Amazon gift card, and then purchase whatever I want at Amazon in 10 minutes tops.
Because going straight to Amazon with its one click purchasing, is too incredibly difficult
And thats why bitcoin will always be a 'meh' to the average consumer
Posted on 2/11/14 at 12:34 pm to League Champs
quote:
I can go to gyft.com, use my bitcoin to buy an Amazon gift card, and then purchase whatever I want at Amazon in 10 minutes tops.
Because going straight to Amazon with its one click purchasing, is too incredibly difficult
Posted on 2/11/14 at 12:36 pm to LSURussian
Well, for those of us with mined cryptos to spend, it's certainly quicker than the three-day coinbase deposit time.
Posted on 2/11/14 at 1:17 pm to OnTheBrink
quote:
What do you benefit out of doing this though? Adding the extra step, that is.
Well most of my bitcoin comes from when I bought at a much lower price.
quote:
Because going straight to Amazon with its one click purchasing, is too incredibly difficult
Or I could have bought at a much lower price than the current value so converting it to an Amazon gift card at Gyft is extra money than if i just used one click purchasing with USD.
This post was edited on 2/11/14 at 1:19 pm
Posted on 2/11/14 at 5:01 pm to League Champs
quote:
Basically, youre giving somebody you dont know $1000 USD and they are going to assign you a long string of numbers, and put those numbers in a wallet they claim is yours, and tell you those numbers equals to $1000 in bitcoins
But at any time they can keep you from getting your value out, because you really have no way of insuring your investment, or even if your numbers mean anything
Ok, that's sorta what I was gathering and if true, I don't need to buy BTC
Posted on 2/11/14 at 5:06 pm to League Champs
quote:
Because going straight to Amazon with its one click purchasing, is too incredibly difficult
I do it that way so that my wife can't keep track of how much I spend.
Posted on 2/11/14 at 5:08 pm to Sho Nuff
quote:
Basically, youre giving somebody you dont know $1000 USD and they are going to assign you a long string of numbers, and put those numbers in a wallet they claim is yours, and tell you those numbers equals to $1000 in bitcoins
pretty much, if you leave it on an exchange.
quote:
But at any time they can keep you from getting your value out, because you really have no way of insuring your investment, or even if your numbers mean anything
I have not had any problems getting my BTC to USD, or spending the BTC.
This post was edited on 2/11/14 at 5:30 pm
Posted on 2/11/14 at 5:32 pm to brucevilanch
quote:
I do it that way so that my wife can't keep track of how much I spend.
lulzzzzz
Posted on 2/11/14 at 8:25 pm to Broke
quote:
If that isn't inherently different to you then I don't know what to tell you anymore.
No, I understand the difference, but you guys are deliberately missing my point.
The concept of owning a portion of a physical company is not much different from the concept of owning a BTC and you've got about the same level of proof that you own anything: your name and an account number, and nothing more.
And if you think that dealing with stock in a physical company is foolproof protection from fraud then I don't know what to tell you anymore.
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