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re: US Treasury issues guidance on virtual currencies, regulatory details unclear
Posted on 3/19/13 at 12:49 pm to rintintin
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 1:03 pm to LSURussian
quote:
That's not correct. The dollar is backed by the full faith and credit of the U.S. government. That ain't "nothing."
Well that's a whole different topic, we can save that for the poli board.
I understand the risk of it, and the possibility (or inevitability) of its collapse, but Wiki is doing nothing different than people who praise certain stocks, or try to predict the market. It's all risky, and all could result in someone losing money, but for the people capable of "mining" Bitcoin it risks nothing but time. 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.
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.
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