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re: US Treasury issues guidance on virtual currencies, regulatory details unclear
Posted on 3/19/13 at 12:44 pm to LSURussian
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.
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.
3
Posted on 3/19/13 at 12:46 pm to rintintin
i dont think it's hate. i think it is skepticism to their actual utility and long-term viability
Posted on 3/19/13 at 12:49 pm to rintintin
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?
I've responded similarly when someone has touted some obscure penny stock on this board.
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
Bitcoin is truly backed by nothing.
Posted on 3/19/13 at 3:12 pm to rintintin
quote:
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 don't think we hate Wiki. I know I don't. I don't understand his reasoning but that sure isn't hate. I think we actually enjoy the back and forth banter about the viability of bitcoin. Most of us aren't on his side of the table. That makes for interesting discussion imo.
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