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Old March 5th, 2014, 05:15 PM   #461
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It's Obama's fault.
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Old March 5th, 2014, 06:40 PM   #462
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It's Obama's fault.
Duh!
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Old March 5th, 2014, 06:42 PM   #463
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bitcoins don't taste very good.
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Old March 5th, 2014, 08:30 PM   #464
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make sure you know who owns the sandbox before you go playing in it.......

http://www.dailymail.co.uk/news/arti...de-age-28.html
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Old March 6th, 2014, 07:57 AM   #465
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make sure you know who owns the sandbox before you go playing in it.......

http://www.dailymail.co.uk/news/arti...de-age-28.html


I really think many of you guys are confused with how bitcoin works.

Nobody with half a brain leaves money in an exchange. If you want to purchase from an exchange, it takes about 4 seconds from $USD - LTC or $USD - BTC, and then you transfer to your crypto wallet. The only person who has access to my crypto currency is myself. It lives in my cell phone, and on a USB drive.
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Old March 6th, 2014, 08:44 AM   #466
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Please do not use common sense and logic with these mouth breathers.
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Old March 6th, 2014, 08:48 AM   #467
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Bitcoin was invented by aliens.
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Old March 6th, 2014, 09:32 AM   #468
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Wow........

Incredible article

http://mag.newsweek.com/2014/03/14/b...-nakamoto.html
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Old March 6th, 2014, 09:39 AM   #469
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didn't this guy die
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Old March 6th, 2014, 09:41 AM   #470
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So the mastermind behind Bitcoin has deep ties to the United States government involving top secret military and intelligence projects...

Hmmm....
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Old March 6th, 2014, 09:42 AM   #471
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So the mastermind behind Bitcoin has deep ties to the United States government involving top secret military and intelligence projects...

Hmmm....
Conspiracy theorists come in quick!


I can't believe newsweek did this. They post a photo of the guy, a pic of his house, list the city he lives in, then mentions he has over $400 million in bitcoins...


Yeah, fuck newsweek
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Old March 6th, 2014, 09:51 AM   #472
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Lol
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Old March 6th, 2014, 10:56 AM   #473
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actually the article cleared up some thngs for me, like how bitcion deals with fractional currency. I still thing its a scam
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Old March 6th, 2014, 11:28 AM   #474
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actually the article cleared up some thngs for me, like how bitcion deals with fractional currency. I still thing its a scam
Honest question, when will you say it's not a scam.

Do you believe that Fiat not backed with gold is a scam? Do you think gold is a scam?
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Old March 6th, 2014, 01:52 PM   #475
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Honest question, when will you say it's not a scam.

Do you believe that Fiat not backed with gold is a scam? Do you think gold is a scam?
a u.s. dollar bill or a coin today is a respresentative for something of value, gold, silver,,,,,,and a promise to pay in such kind.

please educate me [seriously here] as to what is the tangible thing of value backing of the bitcoin?

Last edited by jimhri; March 6th, 2014 at 02:00 PM.
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Old March 6th, 2014, 02:07 PM   #476
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a u.s. dollar bill or a coin today is a respresentative for something of value, gold, silver,,,,,,and a promise to pay in such kind.

please educate me [seriously here] as to what is the tangible thing of value backing of the bitcoin?
The moar you now:

"By 1970, the U.S. only held $14.5 billion in gold against foreign dollar holdings of $45.7 billion. On August 15, 1971, President Nixon changed the dollar/gold relationship to $38 per ounce. More important, the Fed stopped redeeming dollars with gold. The U.S. government repriced gold to $42 per ounce in 1973, and then decoupled the value of the dollar from gold altogether. The price of gold quickly shot up to $120 per ounce in the free market. (Source: Time, Fuss Over Dollar Devaluation, October 4, 1971)

Once the gold standard was dropped, countries began printing more of their own currency. Inflation usually resulted, but for the most part abandoning the gold standard created more economic growth.

However, gold has never lost its appeal as an asset of real value. Whenever recessions or inflation looms, investors return to gold. It reached its record high of $1,895 an ounce on September 5, 2011. "
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Old March 6th, 2014, 02:16 PM   #477
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Honest question, when will you say it's not a scam.

Do you believe that Fiat not backed with gold is a scam? Do you think gold is a scam?
honest short answer...because it lives in cyber world. In realitly all money is a scam and so are economies. My dollar is worth a dollar because other people accept it as a dollar. Nothing more, nothing less. Bitcion is worth something, because people believe it is worth something and will accept it. I'm not ready for that, to me its worth nothing
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Old March 6th, 2014, 02:29 PM   #478
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didn't this guy die
Not yet, but will be soon I bet.
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Old March 6th, 2014, 02:46 PM   #479
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Sorry, but 'digital storage' is not hardy enough to store currency.

Before someone points out that the banks hold everything in electronic form at some point, remember that they also have multiple layers of backup. Your money is also insured by FDIC.

Storing bitcoin on a thumb driver and a phone isn't secure enough. Just like a mattress full of cash isn't secure enough- it can go up in flames.

With some type of official backing, crypto currency is still too risky.
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Old March 11th, 2014, 08:38 AM   #480
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what did that one guy say, warren buffet I think, be greedy when others are fearful and fearful when others are greedy.
He also said

"No. 5: Don't put your money into Bitcoins for the long run"


"It's not a currency. It does not meet the test of a currency. I wouldn't be surprised if it's not around in 10 or 20 years. ... It is not a durable means of exchange. It's not a store of value. ... It's been a speculative a very speculative kind of Buck Rogers-type thing, and people buy and sell them because they hope they go up or down just like they did with tulip bulbs a long time ago."
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