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-   -   Dirty F - Bitcoin Question (https://gfy.com/showthread.php?t=1106441)

woj 04-16-2013 01:44 PM
Quote:
Originally Posted by holograph (Post 19581166)
the Man declared war on drugs... ever since, drug use decreased to 0 users in states :upsidedow
there is strong demand for drugs... but there is little real demand for bitcoins, the only demand comes from speculators hoping for an easy profit...

if you knew that bitcoins will not go up in value over the next year, would you buy/hold them?

as prospect of making easy $$ with bitcoins fades, so will the demand for them and so the price will plummet... :2 cents:

Dirty F 04-16-2013 01:47 PM
Quote:
Originally Posted by MikeRoth (Post 19581196)
this thread has become an interesting exchange of words which are relevant to my interests.
Imbecile, idiot and dumb fuck?

Supz 04-16-2013 01:49 PM
Quote:
Originally Posted by Dirty F (Post 19581217)
Imbecile, idiot and dumb fuck?
:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Serge Litehead 04-16-2013 02:12 PM
Quote:
Originally Posted by woj (Post 19581211)
there is strong demand for drugs... but there is little real demand for bitcoins, the only demand comes from speculators hoping for an easy profit...

if you knew that bitcoins will not go up in value over the next year, would you buy/hold them?

as prospect of making easy $$ with bitcoins fades, so will the demand for them and so the price will plummet... :2 cents:
that's one view. another sees increasing demand for fair value-exchanging system independent from artificial manipulation on root level which bitcoin offers.

i agree that after hype wears off there is a period of suspended active speculation. if you realize that bitcoin can never reach valuation of $0 you would also know there will be many more bitcoin rallies and crashes - these cycles fuel this new economy: on a rise people hoard it, on decrease people tend to spend it or realize profits, or cut losses. once easy money opps fade people will start treating it just like regular money only with difference that overtime bitcoin value is going to increase unlike fiat's within inflation economies.

seeandsee 04-16-2013 02:29 PM
I notice lots of bc-supporter people have "gambling thinking - look a like" problem.

Same as people for example that play roulette, they put 100$ in game, earn 2000$ but they don't stop, and they later go out of casino for example 120$. Do you know what most of them will say? They will say, hey, i won 20$ over my 100$, i lost "their" money, i am in big plus.

Lots of BC-supporters say they are still in +% because they got them when bc was for example 50$! And they dont care coin was 280$ at one moment. They don't want to admit they lost over 220$ in last 7 days!

It's a problem you know! Help yourself! Get out of this game...

helterskelter808 04-16-2013 02:30 PM
Quote:
Originally Posted by Dirty F (Post 19580699)
Otherwise it becomes another failure like Paypal right? At least they have atm's.
Oh wait.

Moron.
Can't comprehend that Paypal isn't a currency; calls other people morons.

Quote:
Originally Posted by JoshGirls Josh (Post 19581013)
thats sorta like saying wikipedia is accurate because 10000s of people fact check it. in the end, you are still taking a position on faith.

its possible that bitcoin is an NSA project. If you trust in the code, then you must certainly trust the coder. the coder must be of sufficient quality that 10000s of people certify it.

but i would wonder, since computer science at the level of coding cryptography is so hi level only grad students can really understand it, whether 10000s of people have the ability to confirm the openness of the code & the veracity of the algo.

I know the NSA can write it, & maybe a handful of security people. why does the creator choose to be anonymous. thats a fun place to speculate. a benevolent inventor would certainly not hide his identity at creating a market bending innovation. So why would such an innovator stay in the dark.

but you keep believing in the integrity of a program with unknown creators, writing code only grad students can follow, because 10000s of others says its legit. just like 10000s of others handed their cash to bernie madoff.

come on man, dont be so mad. its only words.
Dude, don't you know that all open source software is safe, secure and without any flaws or exploits? 'Lots of people can read the code' so it must be, right?

And of course everyone reads the source code of programs before compiling and installing, and is qualified to know what evil stuff to look for.

Nobody ever just mindlessly installs software compiled by someone else, blindly assuming it's based on the source code they assume is safe.

dyna mo 04-16-2013 03:04 PM
if you're going to question bitcoin over the encryption and nsa's role in that, you might start with questioning your current credit card transactions, debit card transactions, etc as all secure encryption online is run with the encryption nsa manages.

mayabong 04-16-2013 10:52 PM
This might be of some help to you.

http://www.zerohedge.com/news/2013-0...aphics-bitcoin

MikeRoth 04-17-2013 05:33 AM
Quote:
Originally Posted by Dirty F (Post 19581217)
Imbecile, idiot and dumb fuck?
Yes, these are relevant to my interests, :winkwink:

96ukssob 04-17-2013 07:13 AM
Quote:
Originally Posted by mayabong (Post 19581805)
Great stuff! Thank you

2013 04-17-2013 07:15 AM
50 bitcoins http://btcbabes.com


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