BITCON... WHY its totally FLAWED
- Thread starter 1for1
- Start date
just been googling to see what you can buy with bitcoins
http://bitcoinag.blogspot.ca/p/silver-store.html
http://bitcoinag.blogspot.ca/p/silver-store.html
pro$pector
New Member
volrathy said:
That's really cool, thanks for the link.
Much more exciting than the drugs, guns and assassinations for sale over TOR.
Another bitcoin for precious metals site:
http://www.coinabul.com/
http://www.coinabul.com/
pro$pector
New Member
$20.37 AUD today, it just won't stop.
Makes me cry thinking about all the sub $13 BTC's I've spent in the last year.
Makes me cry thinking about all the sub $13 BTC's I've spent in the last year.
pro$pector
New Member
willrocks said:
Trouble is with the size of the economy and whats on offer, its hard to buy huge amounts without single handedly driving up the exchange prices!
I wish I'd swapped more silver for Bitcoins now. Silver would have to get far beyond it's all-time high to equal my profits and that's assuming Bitcoin doesn't go up anymore.
I'm very confident about Bitcoin. I feel once infrastructure has built up around it, it will be superior to any other currency. And I think the first to market aspect should negate most worries about competition. It's building a name, whereas the other competitors coming in can't seem to get any traction.
The only thing that national currencies have the advantage over it, is that they are necessary because of government laws, but I think in a global world where more and more people are buying and selling and working over the internet, it might be unbeatable in the long term. At least as far as I'm currently concerned, I'm in for the long haul.
I think it's still a good time to buy in, because the market cap is still relatively small, especially when you consider the global nature, and not many people are in yet, it is still mostly technical types I would say due to it not currently being as easy as the regular currencies.
Get in while it's still only on the first floor.
I'm very confident about Bitcoin. I feel once infrastructure has built up around it, it will be superior to any other currency. And I think the first to market aspect should negate most worries about competition. It's building a name, whereas the other competitors coming in can't seem to get any traction.
The only thing that national currencies have the advantage over it, is that they are necessary because of government laws, but I think in a global world where more and more people are buying and selling and working over the internet, it might be unbeatable in the long term. At least as far as I'm currently concerned, I'm in for the long haul.
I think it's still a good time to buy in, because the market cap is still relatively small, especially when you consider the global nature, and not many people are in yet, it is still mostly technical types I would say due to it not currently being as easy as the regular currencies.
Get in while it's still only on the first floor.
renovator said:
:lol: :lol: :lol:
NO matter how good this looks to other people
Or if banks accept it
I WILL NOT touch them
1for1
Well-Known Member
Also it takes about 3 days to sync a new wallet now days and each transaction is taking me some time to send, so it has its drawbacks in terms of being instatanious it is not.
ALso a threat of erasing your hdd or virus if you have not made an adequate back-up..
I guess like any investment you need to secure it so i guess its no major biggie.
1for1
ALso a threat of erasing your hdd or virus if you have not made an adequate back-up..
I guess like any investment you need to secure it so i guess its no major biggie.
1for1
1for1 said:
I expect there will be more clients in the future which will access the blockchain on a server rather than downloading it every time.
There are also websites which hold your wallet on their servers. I expect there will be more of this type of thing as time goes by.
pro$pector
New Member
renovator said:
"Lose your password" - hilarious stuff from the ill informed!
As far as making them illegal, good luck with that, do you understand P2P at all?
Thats basically what it amounts to as the doco described it . Their words not mine . I am ill informed on it ive never researched it or am going to.pro$pector said:
When a friend of the owner has lost 140K says it all.if anything happens you have as much hope as him in retreiving it ....none..
I prefer hard assets
pro$pector
New Member
As stated above you can store hard copies of keys, or even use wallets stored on servers.
That "documentary" is nothing short of a load of mis-information, there is no "owner" of the system, and the creater has never been definintively identified.
I'd bet everything I have that guy was not a friend of a non-existant owner.
National Geographic documentaries should always be taken very, very lightly.
That "documentary" is nothing short of a load of mis-information, there is no "owner" of the system, and the creater has never been definintively identified.
I'd bet everything I have that guy was not a friend of a non-existant owner.
National Geographic documentaries should always be taken very, very lightly.