hundy bitcoins

Of course. Unless a real bank gets behind it, it's just a pen stroke away from being a memory. You can't just plop down ATMs around the world to transfer "untraceable" money or exchange your cash for another untraceable currency. That's called money laundering. Unless those using the ATMs give up their anonymity, the odds of this being successful are very slim. I can't even fathom the red tape involved in doing this. And kudos to them if they do pull it off.

The people who will make money are the ones who bought when it was low and sold a week ago. it might peek again i dunno. but who are these retards buying it at its peek? FUCKIN IDIOTS LOL

Correction, they use it to misinform a broader audience.

Sensationalism is used to sell the story, a newspaper isn't going to let things like facts get in the way of a story :pimp

This is just my opinion from what I've read about Bitcoin but it's clearly in a speculative bubble but right now it's in a speculative bubble based on real demand from actual users unlike every other Ponzi Scheme that the bankers have created by using fraudulent CDOs and such to create demand that was never there so IMO this bubble has a long way to run before it implodes.

The thing that may change this will be if it generates mainstream usage in online business within a short space of time. I'm surprised most porn sites are not offering it as a signup option, it's perfect for porn or any micro payment system.

I think it's a real shame that it's ended up in such a speculative bubble, there is no doubt at some point it will crash in value. There has been flash crashes in the past so when that happens again, even if only temporarily you can bet your ass the media headline will be "Bitcoin Crashes In Value"

When it does drop through the floor that's what will destroy confidence in it, and if a lot of people get burnt on this they probably won't ever use it again :2 cents: A bit like porn customers who where victims of card bangers etc

TBH I don't see this as the peak, or anywhere near the peak for that matter.

Bitcoin is only starting to get mainstream attention. With any speculative bubble (Ponzi Scheme) it crashes dramatically once you run out of suckers to invest, this thing is just getting started IMO :pimp

It'll be interesting to see if the Bankers get involved, once you start seeing it discussed daily in the media and front page headlines about Bitcoin, that'll be the time to cash out or when the taxi driver starts talking about how Bitcoin is a good investment LOL :winkwink:

Granted if I had bought Bitcoins around $1 or $2 I'd be cashing out 95% of them and laughing my way to the bank right now.

this is something i've been wondering about too, the lack of being able to chargeback has been pitched as a good thing, it's not. obviously as a buyer i want to be able to chargeback but as a merchant my potential shoppers are more inclined to purchase from me knowing they have that safety net, i.e., i make sales due to customers being able to chargeback.

in fact, i think this would have to be upgraded for the next level of adoption- merchant support.

qftttttt

i'm with you. this will blow over, the price will settle to who knows where, i'm pretty stunned it's staying at $140~ for not only, what, a week now, but coming back after the attacks.

but, yes, exactly eh, real bubbles take years to develop, drunk post so i'll make a prediction-

this will settle to some degree, the hype will hit again for btc, rinse and repeat until
1.most the coins are mined in 3.5 years, which i would think lessen the craziness and then we can all see if it can work as a currency

or 2) a serious security breach fubar's the whole thing totally or 3) wall street/the government fubar it.

so a few more years, which is pretty quick eh.

You got that right.

Titcoins. I'm all in.

Euro is better. Rocksolid. :thumbsup

Is that sarcasm or are you serious?

Make a smart guess.. :1orglaugh

Even if all the gov'ts in the world fight against BTC, it cannot be shutdown if it has people support imho. It's peer to peer and encrypted. If people in general find it worth something, value it for whatever reason, it will always have a worth $ amount imho.

the nsa developed the encryption. couldn't they hack their own code?

On this board, no idea. :upsidedow

They probably already have.

sha-3 for btc?