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2013-04-07 03:13 32852022 Anonymous (bitcoins.jpg 1024x765 376kB)
Bitcoin will be the biggest transfer of wealth in human history and it's all going to the most technologically advanced, visionary thinking and intelligent demographic. Just think of what they will do. It wasn't about connections, nepotism or being born to the right family, it was about seeing what others couldn't and being technologically advanced enough to participate. This is history in the making.
1 min later 32852058 Anonymous
history made by neckbeards, traps, pedophiles, and the incurably stupid.
5 min later 32852119 Anonymous
Why does every bitcoin related website look like a scam?
I understand that the underpinnings of the currency are solid and well designed, but on the surface, I don't trust it.
You look at Mt. Gox, and AFAIK, it's just some douchebag-webdesigner from Tokyo running it.
6 min later 32852141 Anonymous
No advantages over dollars.
Tons of disadvantages.
>visionary
LOL.
Those of you who think it's special are in serious need of a history lesson.
11 min later 32852226 Anonymous
>>32852141
>No advantages over dollars.
You mean besides the fact that you can send money to anyone in the world, immediately, without an intermediary that stipulates whether you may or may not do so? One of the reasons people have problems exchanging Dollars for Bitcoins highlights this fact: Payment processors like Paypal and Google Checkout have terms of service dictating what you're allowed to buy. Bitcoins are not on the list. If anything you should be pushing for a currency that cuts out a middleman like that for your own sake, since those same payment processors present you with restrictions that are unneeded.
23 min later 32852436 Anonymous
Saw this in another thread here. Another reason why this will never work
steamcommunity.com/discussions/foru m/10/828935361170134782
26 min later 32852493 Anonymous
untrue assertions
27 min later 32852515 Anonymous
What are bitcoins worth anymore?
I haven't followed this shit in years. I traded about 300 of the fuckers for a mechanical keyboard awhile ago.
29 min later 32852536 Anonymous
>>32852515
around $140 each. source:
http://bitcoinity.org/markets?excha nge=mtgox
30 min later 32852563 Anonymous
>>32852515
i hope that mech keyboard was worth $42,000
31 min later 32852576 Anonymous
>>32852226
cant wait for the security certificate to be stolen and every bitcoin that exists just vanishes
31 min later 32852584 Anonymous
>>32852436
>steamcommunity
33 min later 32852619 Anonymous
>>32852584
It is still what the majority thinks though.
33 min later 32852620 Anonymous
How do I make a wallet?
33 min later 32852622 Anonymous (1334619093582.jpg 540x405 59kB)
>>32852436
>posts a long ass thread written by hundreds of inept teenagers
>see guys it won't work
35 min later 32852666 Anonymous (1343083361675.jpg 426x418 34kB)
>>32852536
>>32852563
Well shit.
At least I really like the keyboard.
42 min later 32852789 Anonymous
>>32852576
What the hell are you talking about? There is no security certificate that all bitcoins rely upon. Each bitcoin address has a private key that correlates to it. You can't just find some magical key that gives you all the bitcoins.
44 min later 32852846 Anonymous
>>32852789
lel, it doesn't give you all the bitcoins, if removed it would make every bitcoin a string of nonsensical numbers that have no meaning or value
45 min later 32852855 Anonymous
>>32852022
You're delusional
47 min later 32852891 Anonymous
>>32852436
>steamcommunity.com/discussions/for um/10/828935361170134782
at a glance it's a bunch of inept teenagers who have no idea what commodities are
>>32852846
>DURRRRR
you have no idea what you are talking about
>>32852855
reminder that fiat currency has never successfully worked for more than several hundred years at any point in history
47 min later 32852893 Anonymous
>>32852226
While this is one of the least idiotic aspects of bitcoin, this also means its value isn't backed by the economy and treasury of sovereign states. It's also a "currency" that has attracted more speculators than people using it for its stated purpose, which is pretty much going to tank its value over and over again until its spergy supporters stop being delusional and create something more useful.
47 min later 32852901 Anonymous
>>32852846
You have no fucking idea what you're talking about.
49 min later 32852939 Anonymous
>>32852891
It's successfully working right now, and will for the forseeable future. Commodity backed currency is deflationary, which benefits vested interests before people relying on wages, investment and entrepreneurship, aka productive sectors of the economy.
Before you go there, if it weren't for the retarded provisions in the Eurozone treaty about fiscal policy there wouldn't even be a crisis to begin with.
50 min later 32852958 Anonymous
>>32852022
>thinking rich elite will ever let this happen
neckbeards are so far detached from society. get a clue you losers.
52 min later 32852987 Anonymous
>>32852893
>this also means its value isn't backed by the economy and treasury of sovereign states.
Which is a good thing. A global currency shouldn't be controlled by a single entity.
>It's also a "currency" that has attracted more speculators than people using it for its stated purpose
While this may be true, the number of places that accept bitcoins is steadily growing. While they're by no means prolific yet, there are places you can spend them in "the real world." I'd say the currency as a whole is doing quite well for being a couple years old and with no official support. It might take a while longer, but that's to be expected of something that isn't immediately thrust into ubiquity from a large government.
54 min later 32853035 Anonymous
>>32852622
Check their profiles dude. They're in their thirties... How can people be this fucking retarded.
54 min later 32853041 Anonymous
>>32852939
>It's successfully working right now, and will for the forseeable future
You do realize that the dollar in its current form is only a century old. I can't think of any other examples that have lasted even close to that long. You're naive if you think it will last for another hundred years.
55 min later 32853065 Anonymous
I've been trading currencies of all kinds as a hobby for over seven years. You want some free advice, /g/? Stay FAR away from BTC right now, either as accepted payment or a currency to hold. I'm actually trying to weigh some short options on this. When the currency implodes, and it will very soon, the fallout is going to be EPIC. If you haven't sold your holdings, now is the time if you haven't done so already. The first leg down is going to move very fast.
This time next year, you'll be able to buy BTC for pennies on the dollar. Those of you who know how markets work probably know what I'm talking about already.
55 min later 32853069 Anonymous
>>32852987
>Which is a good thing. A global currency shouldn't be controlled by a single entity.
It isn't backed by any productive economy whatsoever, which is the real problem. Its anonymity facilitates scams that do actually affect the value of the currency -- like the massive theft by Bitcointalk user "pirat" last year. It being a vehicle speculation makes the value excessively volatile.
56 min later 32853082 Anonymous
>>32853041
Fiat currency will be the medium of exchange for global capitalism until it collapses due to lack of arable and oil hitting a certain price threshold. It won't be currency that does anyone in.
57 min later 32853098 Anonymous
>>32853082
*arable land from global warming
58 min later 32853108 Anonymous
>>32853065
epic disinfo
59 min later 32853133 Anonymous
>>32853108
>actually thinks the government cares about his autism pesos
1 hours later 32853159 Anonymous
>>32853069
>It isn't backed by any productive economy whatsoever
Sure it is, just not in an official form. It's just distributed so it's less noticeable.
You don't need a government to say "This is the money you can use!" in order for currency to work.
>Its anonymity facilitates scams that do actually affect the value of the currency -- like the massive theft by Bitcointalk user "pirat" last year.
That's a problem with people being too trustworthy in strangers, not with the currency. The same damn thing would happen if they all sent him dollars. You're just used to protections by gigantic financial institutions, which could just as well exist with bitcoin (fractional reserve is also possible with bitcoin, you're just not forced into it like with the dollar).
>It being a vehicle speculation makes the value excessively volatile.
No, its relatively small market makes it volatile. As the value increases, it will be more difficult for a single entity or group of entities to affect.
1 hours later 32853165 Anonymous
>>32853065
oh, I've already sold what few I have left and kept 1/4 of them. I'm still kicking myself for losing a wallet years ago by believing /g/ that it wouldn't amount to anything. After the last crash I started again.
But I doubt that it'll be an 'epic' crash. There's too many people lined up to buy. MtGox verifications are so fucking backed up. Too early to say whether it'll grow, but my opinion it's more likely to stabilze like we've seen rather than crash.
Unless something catastrophic like last crash happens.
1 hours later 32853208 Anonymous
>>32853133
not government disinfo
you're making money off the coins and want to keep people out
1 hours later 32853221 Anonymous
>>32853082
There is not going to be "a lack of arable land." I don't think you realize how much of it is currently not utilized. There are vast swaths of arable land in Africa that are not utilized. Sure, the Africans would be the ones profiting (unless someone liberates them) but food wouldn't be a problem.
>and oil hitting a certain price threshold
Oil isn't just going to disappear. As it increases in price other alternatives will become more widely used. There are alternatives for almost everything we use oil for (yes, including the manufacturing process, plastics, and so on).
1 hours later 32853257 Anonymous
>>32853065
That's what people have been saying for YEARS. It has only appreciated in value since then. There have been a few crashes, but if you didn't panic you would have gotten your money back with massive interest every single time.
1 hours later 32853260 Anonymous
>>32853159
>That's a problem with people being too trustworthy in strangers, not with the currency. The same damn thing would happen if they all sent him dollars. You're just used to protections by gigantic financial institutions, which could just as well exist with bitcoin (fractional reserve is also possible with bitcoin, you're just not forced into it like with the dollar).
The funny part is if he took their dollars, it would lead to a criminal investigation and possible charges. Bitcoin has no recourse to law enforcement and has no paper trail in any case, so if idiots get scammed, it fucks with everyone, including legitimate users and non idiots.
>You don't need a government to say "This is the money you can use!" in order for currency to work.
You don't. I agree. But it's far more stable because governments can manage the money supply and maintain modest level of inflation (opposed to bitcoin's eventual deflation and volatility), this encourages the exchange of money in the form of credit and investment, rather than benefitting people who already have all the autist gold
1 hours later 32853312 Anonymous
>>32853260
you could've taken him to court if you can prove to a judge that they had value
1 hours later 32853332 Anonymous
>>32853221
>There is not going to be "a lack of arable land."
If warming goes past 5-6C, and it just might, there will be a lack of arable land. This is something climate scientists have actually looked at.
>As it increases in price other alternatives will become more widely used.
The entire economy is dependent on oil, and there is no combination of currently existing alternatives that will make up for the energy needs fulfilled by oil right now. There's no "innovating our way out" if implementing these alternatives requires a finite, rapidly depleting supply of oil to begin with.
1 hours later 32853351 Anonymous
>>32853312
The judge wouldn't even understand what the fuck anyone is talking about. Some of the victims reported it to the SEC and nothing happened, in any case.
1 hours later 32853362 Anonymous
>>32853260
>The funny part is if he took their dollars, it would lead to a criminal investigation and possible charges. Bitcoin has no recourse to law enforcement and has no paper trail in any case, so if idiots get scammed, it fucks with everyone, including legitimate users and non idiots.
And that's not a problem with bitcoin. It's a problem with your government. As it gains adoption, theft of bitcoins will be treated similarly.
>You don't. I agree. But it's far more stable because governments can manage the money supply and maintain modest level of inflation (opposed to bitcoin's eventual deflation and volatility), this encourages the exchange of money in the form of credit and investment, rather than benefitting people who already have all the autist gold
Inflationary currency isn't that great either. They both have their pros and cons. And I like that you mention gold because that worked similarly and it was fine for thousands of years. It wasn't until the late 1800s that bankers conned people into the idea that fiat currency was great. And it was, for a while. But money based on debt can't last forever.
1 hours later 32853364 Anonymous
http://pastebin.com/iZPyU3WX
Thirty thousand credit cards /g/, any of them could be used to buy Buttcoins.
What do?
1 hours later 32853367 Anonymous (1359495143290.jpg 960x707 77kB)
so its too late to get in, right?
1 hours later 32853392 Anonymous
>>32853351
>The judge wouldn't even understand what the fuck anyone is talking about. Some of the victims reported it to the SEC and nothing happened, in any case.
Again, that's a problem with your government, not the currency.
1 hours later 32853415 Anonymous
>>32853367
for mining yeah
you could buy a few and gamble like any other commodity, not sure about the price though
1 hours later 32853431 Anonymous
>>32853362
>As it gains adoption, theft of bitcoins will be treated similarly.
That's wishful thinking. It will never reach that level of adoption.
> And I like that you mention gold because that worked similarly and it was fine for thousands of years. It wasn't until the late 1800s that bankers conned people into the idea that fiat currency was great.
Banks like fiat currency because governments can manage monetary policy. And no, gold backed currency did not work out ok, the boom bust cycles of the 19th century led to widespread poverty and unemployment.
1 hours later 32853453 Anonymous (Cbi.png 292x541 184kB)
No, pic related will be the biggest transfer of wealth.
Currently, 1USD can purchase 1164 IQD
The country is in the shitter, when they finally revalue the currency (as they did with the Kuwait after desert storm) it should be somewhere around 3.5USD to 1IQD
Hows that for transfer of wealth?
There are people who've purchased millions (possibly billions) if Dinar.
1 hours later 32853454 Anonymous
>>32853392
>Again, that's a problem with your government, not the currency.
It's a problem with the government and its users that affects the currency's value in a way that renders it all but useless. Same difference.
1 hours later 32853455 Anonymous
>>32853364
buy butt coins
1 hours later 32853476 Anonymous
>>32853453
what does thsi mean for people who dont know money?
1 hours later 32853491 Anonymous
>mfw I was there when bitcoin stated with the 5xxx shortages but didn't have enough resources to join
Can't wait for asics to enter the market so everyone would discussing it.
1 hours later 32853517 Anonymous (evilcoin.gif 900x900 318kB)
1 hours later 32853566 Anonymous
>>32853476
Say I've bought 1000 Dinar at the current rate. I've spent less than $1 USD.
Say it's revalued at 1IQD (Iraqi Dinar) to 1 USD...
That means my 1k IQD are now worth $1k USD.
But "word on the street" (wild speculation and some news articles) say it's gonna be around $3.68 or so.
That's $3680 if you have 1k IQD.
Who knows when it's gonna happen. People have been waiting for close to ten years at this point.
1 hours later 32853691 Anonymous
>>32853454
No, it just means you need to be more protective of what you're doing until it reaches a point of ubiquity where law enforcement has no choice but to accept the legitimate complaints.
1 hours later 32853719 Anonymous
>>32853566
No, it'll become paper money and they'll have to reissue a new currency. It has happened a million times in history before to prevent people like you hoarding and fucking up the economy from the start.
1 hours later 32853863 Anonymous (iqd-25000-iraqi-dinars-1.jpg 600x260 91kB)
>>32853702
>>32853719
Define "It'll become paper money."
I've got my hands on a few of these (pic related) You think they'll just make their currency valueless? (and I mean completely valueless, as opposed to its current scrawny value)
But yes, it's entirely possible that there will be preventative measures for this sort of thing.
Hence why I don't preach this as fact. All I've really heard is speculation and hopes.
1 hours later 32853872 Anonymous
>>32853453
The real money is in Zambian Kwacha
Never heard of Zambia? That's because they're the sleeping giant.
1 hours later 32853897 Anonymous
>>32853863
There's going to be a exchange rate for older dinars to new dinars
so 25k will brobably be worht 25 or 2.5, dunno
Look at the mexican peso devaluation in the 90's
A 1000 old pesos became 10 new pesos
1 hours later 32853947 Anonymous
>>32853897
This pretty much has to happen, since there's no way some Iraqi that lost a 25,000 Dinar note in his couch is going to see that magically become $100,000 USD in a couple years.
1 hours later 32853971 Anonymous
>>32853947
Oh and this is one of the reasons I like bitcoin. None of this "reissuing" faggotry.
1 hours later 32854001 Anonymous
>become enormously wealthy while still being a beta male with no ambition or drive
>possible
this is what /g/eeks actually believe
1 hours later 32854019 Anonymous
>>32854001
If you mined 300 bitcoins a couple years ago on a whim you could have used it to buy a porsche the other day.
4 hours later 32856673 Anonymous (1363878366125.png 286x290 11kB)
>>32852022
To be able to mine the first bitcoins you needed to be born in a well to do enough family and have your own little rig to do the mining. You needed to have your own internet connection and have heard of the buzz, have checked it out, and have the resources to invest (time/money/power) on it.
Second, currencies are all about demand and supply. The current boom is speculative, so the long term stable trend will be dictated by the real demand -- silk route. And that is the fact, your coins fund the drug trade, and other shady stuff.
(inb4 hurr durr l0s3r.. i bought 1000 coins when they were a little over $1 and have them.)
4 hours later 32856791 Anonymous
>>32856673
You mean cash doesn't fund drug trade and other shady stuff? And all this time, the things I thought..
4 hours later 32856813 Anonymous
>>32856673
This is too retarded to even be considered trolling.
4 hours later 32856829 Anonymous (Porsche.jpg 600x449 44kB)
>>32854019
>owning a Porsche makes you rich
4 hours later 32856861 Anonymous
Having 2 million worth of USD in Bitcoins, is not beeing rich....
4 hours later 32856904 Anonymous ([Commie] Attack on Titan - 01 [C1A7B58D].mkv_snapshot_06.58_[2013.04.07_15.40.22].jpg 1280x720 214kB)
>bitcoins
>a good idea
Enjoy your greece taxless country.
4 hours later 32856914 Anonymous
>>32852022
its gon flop b4 2014 gg nigga worthless currency
5 hours later 32858111 Anonymous
I got some free bitcents form that bittap thing when this was all newer and promptly destroyed them. You mad?
6 hours later 32858603 Anonymous
>>32858111
Why would anyone be mad that you burned some of your money?
6 hours later 32858638 Anonymous
>>32852022
Is it just me or are there alot of threads promoting bitcoin but almost zero discussing it?
6 hours later 32858896 Anonymous
>>32858638
There is always a lot of discussion in the threads. Did you even read THIS thread?
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