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Posted on 2/27/13 at 4:48 pm to Lsut81
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!
Posted on 2/27/13 at 4:49 pm to WikiTiger
quote:
But WTF is it?
quote:
It's a cryptographic token.
Ah, okay then...I feel MUCH better about it...
Posted on 2/27/13 at 4:52 pm to WikiTiger
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.
Posted on 2/27/13 at 4:53 pm to LSURussian
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.
I will admit it was sort of a scam, real dollars for pixels.
Posted on 2/27/13 at 4:56 pm to Lsut81
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.
Posted on 2/27/13 at 4:58 pm to WikiTiger
quote:
No one can "make up" bitcoins.
This has yet to be proven......
This post was edited on 2/27/13 at 4:58 pm
Posted on 2/27/13 at 4:58 pm to WikiTiger
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?
Posted on 2/27/13 at 4:59 pm to WikiTiger
quote:
forks of the bitcoin blockchain
Posted on 2/27/13 at 5:06 pm to WikiTiger
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?
Posted on 2/27/13 at 5:06 pm to WikiTiger
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.
Posted on 2/27/13 at 5:23 pm to Lsut81
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.
Posted on 2/27/13 at 5:25 pm to Vols&Shaft83
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
Posted on 2/27/13 at 5:28 pm to Vols&Shaft83
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?
Posted on 2/27/13 at 5:33 pm to lsu_tiger_az
quote:
Will we be able to "short" bitcoins on the web?
Yes. You can short bitcoins.
https://icbit.se/
https://www.thebitcointrader.com/2013/02/the-latest-on-bitcoin-margin-trading.html
Posted on 2/27/13 at 5:34 pm to WikiTiger
Dude, I hope you make out like a champ...
I could never risk my money on something as uncertain
I could never risk my money on something as uncertain
Posted on 2/27/13 at 5:38 pm to Lsut81
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 2/27/13 at 5:39 pm
Posted on 2/27/13 at 5:39 pm to lsu_tiger_az
quote:
Well, I'll sell you 100 Bitcoins at the market price....
Whats the real vig?
Posted on 2/27/13 at 5:43 pm to Lsut81
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...
Posted on 2/27/13 at 5:44 pm to lsu_tiger_az
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 2/27/13 at 5:45 pm
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