wow it has raised $10 bucks in a day or so.. nice one

Yup, just like i mentioned in this or the other thread. I expected it to explode once it hit 50 dollars. It will do the same once it hits $100.

Hm got some content a few vids/pics, maybe will try to setup a mini-paysite to test out the waters.. sites like this https://bitpay.com/ are ok with adult? :)

Yes the founder actually was promoting it on here a while back.

https://gfy.com/showthread.php?t=1032...hlight=bitcoin

It peaked at 65 dollars a short while ago.

A bitcoin is worth about 20 bucks more than when i started this thread.

I think it will hit 70 dollars today ;)

you are making it sound like that's a good thing...

isn't it pretty obvious that 30% price swings in a week make it unusable as a currency? you can't have it both ways, it's either a currency, or it's a bunch of people speculating (which pretty much makes it a ponzi scheme)? so which one is it?

perhaps
https://www.google.com/search?q=cypr...hrome&ie=UTF-8

I have $39.85 in my Payoneer account that I want to get rid of. Anyone want to send me the equivalent of BTC for that Payoneer $?

ICQ - 130321510

that's perhaps a valid explanation... but doesn't change the fact that 30% price swings in a week make it unusable as a currency...

71 :thumbsup

i would agree, it does make it a speculator's dream. it's all pretty fun to watch and learn about.

75 dollars now :helpme

The price raise you see is simply because more and more people and companies are starting to use it.
If you start a business and more and more people buy your product. Is that a good thing or a bad thing?

if you're following bitcoin, here's cool google chrome extension to have
https://chrome.google.com/webstore/d...ghimbbhpjhapap
it lets you know current exchange rate at mtgox right on your browser

price is going up because more people are buying bitcoins...
it doesn't necessarily mean that they are "using" these bitcoins, they are likely just holding them, and speculating that the price will continue to go up, just like you... (which feels a lot like a ponzi scheme, doesn't it?)

it's a good thing if you are holding bitcoins in the hope they will go up... it's bad if you intend them to use them in commerce... why would you send someone bitcoins if you are expecting the price to go up? you would hoard them in the hope it breaks 100 soon just like you said earlier? I would think that's exactly what you are doing, no? and so everyone else is likely doing the same?

Either way, it's an interesting experiment, hopefully it will workout for everyone involved...

though I have a feeling it will turn into the biggest heist in history...no one will even know who to blame, no one will certainly go to jail and yet a couple billion will likely get stolen in the process...

I save them yes. Many people do at this point.

100 bitcoins

god damn ... $73 right now per coin

Yeah they were almost 75 earlier. Will hit 100 soon i think.

I am selling off physical silver for bitcoin right now

:thumbsup

I just bought another batch of bitcoins.

unless people use them to buy and sell things they have no purpose and the price will fall dramatically.

People do use them, Drugs and Gambling are 2 major industries that bitcoin supports. :p

Tons of people use them for payments.

1mdc had no central office it was an egold anon pool with added security measures....it got shut down years before e-gold...so did all the exchangers...

also, speaking from personal experience, the shutting down of established exchangers brings tons of shady rip off exchangers and business grinds to a halt...you must have a reliable way to cash out or it is nothing more than a like on facebook...

The end game for Bitcoins is that the USA will eventually shut it down. They will cite these reasons:

> Funds Terrorism
> Tax Dodge
> Crime Syndicate transactions

They will then ban all miners, ownership, transactions, payments, etc. Throw some people in jail. The value of bitcoins will then drop like a rock and that will be the end. You lack imagination if you think that the USA cannot effectively kill bitcoins.

i'm using my imagination to try to see how usa will shut down bitcoins in france. or italy. or russia. or korea. or japan or bumfuck egypt.


http://farm1.static.flickr.com/196/4...358566a4ed.jpg

So the US is gonna stop an anonymous miner in Germany or anonymous owner in China.That's pretty damn impressive.

No offense but i'm quite sure by now that the people who say this kind or stuff have no clue whatsoever how Bitcoins work.

it doesn't have to get "shut down", just enough pressure has to be applied to make it unusable as a currency... and it won't take much, it's pretty much unusable as is, the only thing keeping it alive is all the speculators hyping it up hoping for a quick profit...

once any bad news or signs of a downward trend appear all the speculators will try to sell and it will implode almost overnight... (just look at what happened few weeks ago, it dipped 23% in a matter of hours)

:2 cents:

1mdc shut down when E-gold shut down. E-gold did have a central location.

The way the internet works with rating systems and OTC sales exchanges aren't totally necessary, but helpful.

US is going to police every miner around the world? You don't lack imagination thats for sure. :p

it's all speculation. you're speculating, i'm speculating, it's fun.

either way, there's gonna be a lot of i told you so's flying around here.

90% of the idiots here in the states turned their gold over when the government made them do it and that was back in the day before things were exponentially worse and more stupid than they are now.

The governments will get rid of bitcoin. You're fucking with them where they live. Would you allow someone to kick you in the balls and rape your wife and steal your system of wealth?

None of you even understand how big of a deal it is. The powers that be aren't even concerned with AMOUNTS of currency. They CONTROL currency and credit and if you think anyone is going to fuck with it, you're wrong.

Hell they even financed wars and made a fortune and gained control that way. You want one side to win, shut the other side off financially, then the winning side owes you AND inherits the debt from the losing side.

What makes you think they can be stopped? Every US president who tried died. One survived and then shut his mouth.

here's something else to ponder......the day the u.s. comes out against bitcoins is the very same day a large number of usa *enemies* get behind bitcoin in full effect.

and we have a lot of em!

can you clarify what you mean? do you mean that lets say Iran will issue a press release that they support bitcoins? something along those lines?

exactly. and other groups that don't operate publicly but take strides to undermine america.

i would imagine the anti-american sentiment that is stronger now than ever would certainly come into play.

i was reading an article yesterday that claimed that enacting the rules around virtual commerce that the treasury dept. released a couple days ago actually validated bitcoins and put them on the radar of a lot of new entities.