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What do people think about Bitcoin?

Discussion in 'BBS Hangout' started by Spooner, Jan 25, 2014.

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What is the fate of Bitcoin?

  1. Currency of the future

    107 vote(s)
    35.0%

  2. Passing Fad

    199 vote(s)
    65.0%
Page 38 of 347
  1. Commodore

    Commodore Contributing Member

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    my guess is the name was inspired by BitTorrent
     
    #741 Commodore, Mar 6, 2015
  2. Mr. Clutch

    Mr. Clutch Contributing Member

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    What a lame ripoff
     
    #742 Mr. Clutch, Mar 6, 2015
  3. moestavern19

    moestavern19 Member

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    Because it is made out of bits.
     
    #743 moestavern19, Mar 6, 2015
  4. Mr. Clutch

    Mr. Clutch Contributing Member

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    Do I like Bitcoin?

    Eh, just a bit.
     
    #744 Mr. Clutch, Mar 6, 2015
  5. GanjaRocket

    GanjaRocket Member

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    What is a 'dollar' anyway

    Sounds ridiculous Tbh
     
    #745 GanjaRocket, Mar 6, 2015
  6. GanjaRocket

    GanjaRocket Member

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    In the long run this is absolutely 100% correct. That's why being wrong about short term prices doesn't matter, because I'm not trading it. I thought this much was obvious to you and other detractors
     
    #746 GanjaRocket, Mar 6, 2015
  7. Mr. Clutch

    Mr. Clutch Contributing Member

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    The dollar is backed by gold reserves.
     
    #747 Mr. Clutch, Mar 6, 2015
  8. GanjaRocket

    GanjaRocket Member

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    Thanks bro, since when?

    Time to sell all my bitcoin for dollars.. dollars are backed by gold again!!!
     
    #748 GanjaRocket, Mar 6, 2015
  9. Mr. Clutch

    Mr. Clutch Contributing Member

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    Current Report: January 31, 2015
    Department of the Treasury
    Bureau of the Fiscal Service
    STATUS REPORT OF U.S. TREASURY-OWNED GOLD
    January 31, 2015

    Summary Fine Troy Ounces Book Value

    Gold Bullion 258,641,878.074 $10,920,429,098.79
    Gold Coins, Blanks, Miscellaneous 2,857,048.156 120,630,858.67
     
    #749 Mr. Clutch, Mar 6, 2015
  10. Buck Turgidson

    Buck Turgidson Member

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    I have a basement full of collectible coins, plates and statues from the Franklin Mint, and I'm really tempted to trade that limited edition "Rock Flag and Eagle" ceramic plate into bitcoins.

    Any advice?
     
    #750 Buck Turgidson, Mar 6, 2015
  11. GanjaRocket

    GanjaRocket Member

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    They own it, that doesn't mean it backs anything. Federal Reserve is a private entity separate from the government treasury. A link that managed to exist until Nixon nixed it, or was told to?

    Bitcoin, such a fad that banks are partnering with startups to mesh with existing services and infrastructure
    http://www.coindesk.com/btcpoint-spanish-bank-network-bitcoin-atms/
     
    #751 GanjaRocket, Mar 6, 2015
  12. Mr. Clutch

    Mr. Clutch Contributing Member

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    So its like PayPal with a fancy interface
     
    #752 Mr. Clutch, Mar 6, 2015
  13. GanjaRocket

    GanjaRocket Member

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    PayPal is paypal with a fancy interface.. idk what you're talking about
     
    #753 GanjaRocket, Mar 6, 2015
  14. TheMystery008

    TheMystery008 Member

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    When we were in gold standard.
     
    #754 TheMystery008, Mar 7, 2015
  15. Commodore

    Commodore Contributing Member

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    <iframe width="560" height="315" src="https://www.youtube.com/embed/FpaCmvhTm3E?rel=0" frameborder="0" allowfullscreen></iframe>
     
    #755 Commodore, Mar 7, 2015
  16. GanjaRocket

    GanjaRocket Member

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    MIT Bitcoin Expo should produce a lot of good learning material.


    the world's brightest minds interested in bitcoin.. still a joke tho, amirite?
     
    #756 GanjaRocket, Mar 7, 2015
  17. Mr. Clutch

    Mr. Clutch Contributing Member

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    Sounds like a bubble.
     
    #757 Mr. Clutch, Mar 7, 2015
  18. Major

    Major Member

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    Then why keep making claims about short-term movements, despite the fact that you're continually wrong? If you're just throwing things on the wall with no concern for accuracy, why would anyone value your opinions?
     
    #758 Major, Mar 7, 2015
  19. TheMystery008

    TheMystery008 Member

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    Price surge with the 21 Inc news.
     
    #759 TheMystery008, Mar 10, 2015
  20. Commodore

    Commodore Contributing Member

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    the true history of money and why Bitcoin is the best form of money the world has ever seen

    <iframe width="560" height="315" src="https://www.youtube.com/embed/yPIvqJsCOSo?start=94" frameborder="0" allowfullscreen></iframe>
     
    #760 Commodore, Mar 10, 2015
    Last edited: Mar 15, 2015
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