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Old March 1st, 2014, 09:55 AM   #421
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So, see... You've turned this into being about what-ifs and maybes. I came into a thread about Bitcoin and said Bitcoin was crap and you mocked me. You said that I don't understand and then tried to talk about the use of electronic currency, in general, as opposed to bitcoin itself. Crypto-currency or whatever name the Internet wants to give it may have a usefulness in the future, but not without a real tangible backing and regulation... which is what I have been saying from the beginning.

And, as expected, the biggest talking blowhard won't accept my "bet".. Sure, there's no risk in it for me, but there's also no reward for me. YOU, on the other hand, have the reward potential.

But I won't hold my breath
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Old March 1st, 2014, 10:02 AM   #422
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Bad news- except for whatever you have in your wallet, or maybe stashed in a mattress... it's all crypto-currency. If something happened to wipe out the banking database all your bank savings would disappear.

The only difference between an all electronic currency and the Dollar is government backing, and faith in that government. It's all fiat currency. The only current advantage to the dollar is FDIC backing, and in the event of a database failure, I'm not sure how that would help.
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Old March 1st, 2014, 10:17 AM   #423
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Quote:
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So, see... You've turned this into being about what-ifs and maybes. I came into a thread about Bitcoin and said Bitcoin was crap and you mocked me. You said that I don't understand and then tried to talk about the use of electronic currency, in general, as opposed to bitcoin itself. Crypto-currency or whatever name the Internet wants to give it may have a usefulness in the future, but not without a real tangible backing and regulation... which is what I have been saying from the beginning.

And, as expected, the biggest talking blowhard won't accept my "bet".. Sure, there's no risk in it for me, but there's also no reward for me. YOU, on the other hand, have the reward potential.

But I won't hold my breath


Life is what ifs and maybes. If anyone told you bitcoin was a for sure thing and was guaranteed they would be the first person I would tell you not to trust. Nothing in life is guaranteed. I didn't mock you for a negative view on bitcoin. I said before I can respect many of the reasons people don't think it will work including some you pointed out. I did take issue with the fact that you clearly had not used it or actually seen how quick and simple a transaction was, and so you thought paypal was comparable. Its like somebody who has never driven a car before judging how pointless it is because its so dangerous and you can walk there just fine.
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Old March 1st, 2014, 10:32 AM   #424
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Stahp arguing.

Staahhhppp!
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Old March 1st, 2014, 10:33 AM   #425
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no.
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Old March 1st, 2014, 10:35 AM   #426
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Okay.
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Old March 1st, 2014, 09:58 PM   #427
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Any of the other shat-talkers willing to out their money where their mouth is? DetR6oit already backed down?

Again... I buy now at $555/coin. In 2 years, you agree to buy my coin at $555, whether its worth $1 or $10k.

Bitcoin champions... WHERE ARE YOU WHEN IT COUNTS??????

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Old March 1st, 2014, 10:24 PM   #428
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Any of the other shat-talkers willing to out their money where their mouth is? DetR6oit already backed down?

Again... I buy now at $555/coin. In 2 years, you agree to buy my coin at $555, whether its worth $1 or $10k.

Bitcoin champions... WHERE ARE YOU WHEN IT COUNTS??????
Your Mom's house making sure she EARNS that $20 a pop.
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Old March 2nd, 2014, 12:01 AM   #429
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Your Mom's house making sure she EARNS that $20 a pop.
Most valuable post in this thread. I thought the circle jerk one was the winner but this one wins
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Old March 2nd, 2014, 01:21 AM   #430
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I think Detroitstyle and Det6roit are both CC and he likes arguing with himself.
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Old March 2nd, 2014, 03:47 PM   #431
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LOL, I was drinking last night
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Old March 2nd, 2014, 04:20 PM   #432
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Bitcoin is dumb...end the thread
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Old March 2nd, 2014, 04:58 PM   #433
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that which kills me makes me stronger........http://online.wsj.com/news/articles/...NewsCollection
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Old March 2nd, 2014, 05:41 PM   #434
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What is funny to me is that people believe that these bitcoins vanished from mtgox. They took the money and promised something, even showed people they were there...then they unplugged the computer, and poof!! Everything is gone, they claim they have no money and file for bankruptcy. All the while laughing all the way to the bank through shell corporations
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Old March 2nd, 2014, 05:47 PM   #435
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What is funny to me is that people believe that these bitcoins vanished from mtgox. They took the money and promised something, even showed people they were there...then they unplugged the computer, and poof!! Everything is gone, they claim they have no money and file for bankruptcy. All the while laughing all the way to the bank through shell corporations
It's actually the perfect scam... Not a single world government will hold anyone accountable for it either. Bitcoin is a huge pain in their asses and by the Mt. Gox guys taking it all and disappearing it proves their point, scares people away from it and gives them a good reason to completely ban the use of it. These people are left completely screwed.
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Old March 2nd, 2014, 06:21 PM   #436
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It started out as black market, it will end black market
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Old March 2nd, 2014, 06:32 PM   #437
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Old March 2nd, 2014, 07:53 PM   #438
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And there are guaranties in life, life is not a game of what if's. In fact successful people remove what if from their vocabulary.
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Old March 2nd, 2014, 10:31 PM   #439
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And there are guaranties in life, life is not a game of what if's. In fact successful people remove what if from their vocabulary.
What if they don't?

What if they are thinking up new ways to make money?

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Old March 3rd, 2014, 11:30 AM   #440
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Not a single world government will hold anyone accountable for it either.


Are you serious?

They knew they were insolvent on January X. They continued to accept deposits after January X, which is illegal as fukc .
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