Posted on 03/05/2014 12:07:57 PM PST by Mad Dawgg
Investing in it like a stock? That would be stupid unless he is a professional day trader or currency speculator. In that case I don't have the expertise to judge his actions. It would be very dumb of a regular person to invest in a new, unstable currency.
Purchasing $50 worth to keep in a virtual wallet and buy something online with just to see how it works? That would probably be a good idea. Especially if he was going to start posting on the internet about Bitcoin as if he had a clue what he was talking about.
It seriously drives me crazy that the same people who complain about the Federal Reserve, national debt the devaluation of the dollar, hyperinflation, etc... can't see that Bitcoin was designed specifically to overcome all of those things.
When I hear people compare them to tulips, I want to tear my hair out. Tulips actually die and go away. They all do. They are designed by God to do that eventually. They can be grown by anyone almost anywhere at any rate. They are very difficult to transport. They can't be fractionalized. Tulips make a very bad currency on any measure of the fitness of a currency.
Bitcoin are created at an ever decreasing rate. The more Bitcoin in existence the harder it is to make a new one. There is a finite amount of Bitcoin that can ever exist. It can be fractionalized down to 8 decimal places (.00000001. BTC). It is immune to central planners manipulation. Governments can't just create more when they want to. In every measure of what would make a good currency it is as good or better than gold except that Bitcoin is better in the area of transportability but doesn't have the industrial uses like gold.
THIS is a very good explanation of the theory and advantages of Bitcoin if you wish to become educated in what you are freeping about.
If you care to see how sausage is made, see here
Maybe. Maybe not. I don't have enough research put in to make my determination. I do notice that standard currencies are also very poorly backed. It would very little to occur internationally for the American dollar to be next to worthless.
Maybe what was under the couch cushions was what offed her...
The next banker to commit suicide should put me in their will
If I woke up with that on my arm I might take the gas pipe too
The next banker to commit suicide, I presume, has nothing but a long list of debts to account for. I’m not very familiar with the dynamics of suicide, but I would guess it doesn’t involve having way too much money.
Can’t spend your $1000 bitcoins if you are dead
could be!
If you are really Big and Red then your opinion is fine by me.
Maybe she made herself invisible so she wouldn’t be seen with ugly lefty Branson.
Leave my fantasies alone....the next guy will have forgotten a secret bank account
Bankercide / Currency War bump for later.....
Am I in danger? I host my sons bitcoin mining gear here at my house? Running about 2 terrahash/sec
I don’t think the mining community should be at risk, not yet.
Seems to be... Is this the fifth or sixth?
I get the feeling that within a few short days you won’t be able to get two bits for one bit coin.
RIP.
>> It is immune to central planners manipulation.
But not regulation.
You just knew this was a chance for lots of someones to get ripped off. I have a computer digit in cyberspace to sell you. Sheesh. You’d think they would at least have wanted a bridge.
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