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re: US Treasury issues guidance on virtual currencies, regulatory details unclear

Posted on 3/19/13 at 1:03 pm to
Posted by rintintin
Life is Life
Member since Nov 2008
16367 posts
Posted on 3/19/13 at 1:03 pm to
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.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 3/19/13 at 1:12 pm to
quote:

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.


LINK

LINK

LINK

Kind of been beat to death. Bitcoin has not proved itself to be a fraud........... Yet!
Posted by LSURussian
Member since Feb 2005
128380 posts
Posted on 3/19/13 at 1:13 pm to
quote:

we can save that for the poli board.

Agreed. But you brought it up so I responded.

quote:

Wiki is doing nothing different than people who praise certain stocks,
Which is not allowed on this board. Or, at least it used to be not allowed. Chicken would intervene with a post whenever he thought someone was touting a stock too much.

quote:

for the people capable of "mining" Bitcoin it risks nothing but time.
True, along with the $650 hardware wiki says is required to mine "efficiently."

wiki encourages people not to mine bitcoins (he says he has never mined bitcoins) but to BUY bitcoins. That is what drives up the price of BC, which benefits him.

quote:

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.
If he started a thread or replied to a dinar thread almost weekly touting the dinar, you would see a difference in the replies he gets. Besides, I think his thread was tongue in cheek, IOW, a funny troll attempt.

quote:

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.

I agree and I disagree. Some people believe anything they read on the internet. For example, I bet you didn't know in my spare time I'm a French male model.....
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