quote:
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.

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.

quote:
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.

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.

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Posted by rintintin

Life is Life

Member since Nov 2008

16236 posts

Posted on 3/19/13 at 12:44 pm to LSURussian

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?

I have followed these threads consistently and admit I am still ignorant of many things Bitcoin, but why so much hate for the thought of an unregulated currency?

And for those that think it's bullshite because it isn't "backed" by any tangible thing, our currency is backed by nothing more than false promises. The only thing that makes it "valuable" is because we think it's valuable, no difference than Bitcoin.

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