gold and silver to pop monday?

[willrocks]

Bitcoin's value comes from:

1. Having no central authority or controller.
2. Anonymous ownership.
3. Ease of transacting.
4. Irreversible transactions.

Things that are almost mutually exclusive in this modern world.

Bitcoins current value comes from black money.

If its good enough for them, it maybe worth a look

IMO money (or currency) cannot be 'black'.

Saying some money is black is like saying there's good gold and criminal gold. It's all gold, despite the fact it may have been used in criminal activities centuries ago.

 

[Roswell Crash Survivor]

Bank in Eastern parts of Europe are opening now; lets see if there will be any bank runs today.

 

[stellaconcepts]

Bitcoin's value comes from:

1. Having no central authority or controller.
2. Anonymous ownership.
3. Ease of transacting.
4. Irreversible transactions.

Things that are almost mutually exclusive in this modern world.

Really? That could be said about anything.

Ok... here goes.

You walk into a bar, and there is vomit on the floor.

1. it's not centrally controlled.
2. we dont know who owns it, its clearly anonymous.
3. it was clearly easily transacted from the original owner to the floor.
4. as for irreversible transactions, unless it was dog vomit I am pretty sure the owner aint taking it back.

Moral of the story? the next time you see a pile of spew, scrap that shit up and put it in your pocket.

 

[libertadiac]

That should totally re-derail your thread.

 

[stellaconcepts]

I just wish bitcoiners would admit they are speculating. this BS that its a currency and a store of value is just wrong.

bitcoins can drop 20% on a quiet day. thats not a store of value - thats a speculative enterprise.

its a fad. its a gimmick for tech savvy geeks who havent told their parents why the computer in their basement is costing them $2000 a month in electricity.

i got no problems with you technogeeks speculating with bitcoins... you need something else to do anyhow since we've calculated pi to enough decimal places that we'll ever need so you guys can move onto hashing until another real-world problem needs solving.

cheers.

(all in fun

 

[valuecreator]

Bitcoin's value comes from:

1. Having no central authority or controller.
2. Anonymous ownership.
3. Ease of transacting.
4. Irreversible transactions.

Things that are almost mutually exclusive in this modern world.

Really? That could be said about anything.

Ok... here goes.

You walk into a bar, and there is vomit on the floor.

1. it's not centrally controlled.
2. we dont know who owns it, its clearly anonymous.
3. it was clearly easily transacted from the original owner to the floor.
4. as for irreversible transactions, unless it was dog vomit I am pretty sure the owner aint taking it back.

Moral of the story? the next time you see a pile of spew, scrap that shit up and put it in your pocket.

LMFAO. That is potent BS, I love it!

Mucho Kudos

 

[willrocks]

Bitcoin's value comes from:

1. Having no central authority or controller.
2. Anonymous ownership.
3. Ease of transacting.
4. Irreversible transactions.

Things that are almost mutually exclusive in this modern world.

Really? That could be said about anything.

Ok... here goes.

You walk into a bar, and there is vomit on the floor.

1. it's not centrally controlled.
2. we dont know who owns it, its clearly anonymous.
3. it was clearly easily transacted from the original owner to the floor.
4. as for irreversible transactions, unless it was dog vomit I am pretty sure the owner aint taking it back.

Moral of the story? the next time you see a pile of spew, scrap that shit up and put it in your pocket.

But it's not easy to transact with spew.

 

[willrocks]

I just wish bitcoiners would admit they are speculating. this BS that its a currency and a store of value is just wrong.

I admit I'm speculating with Bitcoin, and doing quite well out of it. Does that make you feel any better?

 

[stellaconcepts]

I just wish bitcoiners would admit they are speculating. this BS that its a currency and a store of value is just wrong.

I admit I'm speculating with Bitcoin, and doing quite well out of it. Does that make you feel any better?

Much better. Go knock yourself out... if you tell me its the currency of the resistance and all you'll need in the future is a bunker, cans of baked beans and a USB stick with your bitcoin wallet on it I'm going to cry for your soul. (and yes, I've been told these things from bitcoiners)

 

[willrocks]

I just wish bitcoiners would admit they are speculating. this BS that its a currency and a store of value is just wrong.

I admit I'm speculating with Bitcoin, and doing quite well out of it. Does that make you feel any better?

Much better. Go knock yourself out... if you tell me its the currency of the resistance and all you'll need in the future is a bunker, cans of baked beans and a USB stick with your bitcoin wallet on it I'm going to cry for your soul. (and yes, I've been told these things from bitcoiners)

Nope, just making a quick buck. If it ever came to baked beans I doubt bitcoin would buy anything.

 

[1for1]

I just wish bitcoiners would admit they are speculating. this BS that its a currency and a store of value is just wrong.

bitcoins can drop 20% on a quiet day. thats not a store of value - thats a speculative enterprise.

its a fad. its a gimmick for tech savvy geeks who havent told their parents why the computer in their basement is costing them $2000 a month in electricity.

i got no problems with you technogeeks speculating with bitcoins... you need something else to do anyhow since we've calculated pi to enough decimal places that we'll ever need so you guys can move onto hashing until another real-world problem needs solving.

cheers.

(all in fun

I see buying bitcoin as a speculation for sure, at $50 each that is a lot of money for one unit of this cryptocurrency.

As a currency it is an infant, its price (being purely market based) is going to flucuate heavily for the foreseeable future.. (a gold-silver standard would stabilise the price though wouldn't it).

I like the idea and would support it at the right price, i do see limitations but think it brings several new innovative ideas to the table in a beautiful way.. i consider this a beta trail for a possible new release with bigger output potential... i suspect the constricting supply of bitcoin (difficulty increases in increments through to impossible - nothing see above: this will also effect price when the increment is imposed) will ultimately be its downfall but the line is there that its transactable to the millinth of a bit?.

The way it transacts is the most useful without the need for an intermediary benefits most people i can think of ie: short term bitcoin is extremely functional, the mining side its a great way to use P2P and turn it into rewards through solving complex equations (finding solutions) and the new industry of dedicated GPUs .. its like computer hot-rods..

1for1

 

[thatguy]

But it's not easy to transact with spew.

Spew sometimes goes parabolic...

 

[stellaconcepts]

I just wish bitcoiners would admit they are speculating. this BS that its a currency and a store of value is just wrong.

Silver has more intrinsic value obviously, but it's not a very constant store of value either. It's a very volatile metal and most buying/selling it are also speculating.

Silver isn't being passed off as a currency tho. Bitcoins are. If silver was ever monetised, you bet your bottom dollar it would stabilize pretty quickly as liquidity returned to the market.


Edit: Wish I said "bet your bottom bitcoin...." but the moments passed.

 

[thatguy]

Bitcoin's value comes from:.

Bitcoin has value because someone value it... that's pretty much it. You cannot say it is worthless because people obviously value it. Conversely cannot say it is undervalued because people won't give you more for it. It is futile to argue otherwise. Really reality is the best argument for bitcoin

 

[hyphenated]

The main problem with mainstream bitcoin acceptance is the sneaking suspicion by Joe Public that the Nerds are having one over on him - that actually anyone with the secret detector ring can churn these out for free on their Mom's PC. Silver is a little more palpable, and gold has gravitas...

 

[willrocks]

Bitcoin has value because someone value it.

And they value it because of the reasons I gave. People value it because it's not part of the mainstream financial system.

 

[thatguy]

Bitcoin has value because someone value it.

And they value it because of the reasons I gave. People value it because it's not part of the mainstream financial system.

Yeah... sorry not really aimed at you but the "Bitcoin is worthless" crowd

 

[Aureus]

Bloody bitcoins always getting into threads it doesn't belong in...

So how about this pop? we gonna see any positive stuff tonight?

 

[stellaconcepts]

Bloody bitcoins always getting into threads it doesn't belong in...

So how about this pop? we gonna see any positive stuff tonight?

Hope so. Just took a long possy not long ago on gold

 

[menotcrimex]

The alternative is under the bed - anywhere but digital numbers which can be raided by the EEU.

Many Greeks have already been moving their cash out of banks for the last few years. Mattresses nice and firm over there now.

Remind them its not insured under their mattress....its also a fire hazard..that's been burnt by fiat twice.

Gold is safer.....good as gold

Just cleared $1608 let's hope this baby keeps momentum