1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

What do people think about Bitcoin?

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

?

What is the fate of Bitcoin?

  1. Currency of the future

    34.8%
  2. Passing Fad

    65.2%
  1. Major

    Major Member

    Joined:
    Jun 28, 1999
    Messages:
    41,681
    Likes Received:
    16,205
    Isn't the whole idea that bitcoin is fast and super-responsive to things? The bank and stock market runs are already happening. Why would bitcoin prices be slow to react if people were looking for a safe haven and bitcoin was such a great option? If anything, there should be preemptive buying that drives up prices by all the people like you who are telling us how bitcoin is going to skyrocket thanks to these types of collapses. And bitcoin has such a small marketcap that even a bit of extra demand by anyone with any real money should create a noticable price increase.
     
  2. GanjaRocket

    GanjaRocket Member

    Joined:
    Nov 21, 2012
    Messages:
    3,557
    Likes Received:
    106
    people saying a bigger blocksize will be a burden on private nodes have to realize that satoshi himself *itself?* intended for nodes to grow into larger more centralized operations
     
  3. GanjaRocket

    GanjaRocket Member

    Joined:
    Nov 21, 2012
    Messages:
    3,557
    Likes Received:
    106
    because people havent bought it yet? there aren't many of 'us' you know, we're a rare bunch.. to know these things :cool: its quite simple. when people do *get it* then it be very 'fast and super responsive' for you
     
  4. Mr. Clutch

    Mr. Clutch Member

    Joined:
    Nov 8, 2002
    Messages:
    46,550
    Likes Received:
    6,132
    Bitcoin is more valuable during times of deflation
     
  5. GanjaRocket

    GanjaRocket Member

    Joined:
    Nov 21, 2012
    Messages:
    3,557
    Likes Received:
    106
    a finite store of value has value due to inflation

    bitcoin would be responsible for a deflationary aspect to our economy.. making it more valuable...

    yes

    good logic
     
  6. Mr. Clutch

    Mr. Clutch Member

    Joined:
    Nov 8, 2002
    Messages:
    46,550
    Likes Received:
    6,132
    What was the inflation rate when bitcoin was at its highest price?
     
  7. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
    Supporting Member

    Joined:
    Aug 16, 2002
    Messages:
    23,962
    Likes Received:
    11,101
    Let me rephrase....


    Would be as pro bitcoin if there was no potential reward for you? Meaning I think you are only so wrapped up in bitcoin because you think there some lotto-esque payout in the end.
     
  8. GanjaRocket

    GanjaRocket Member

    Joined:
    Nov 21, 2012
    Messages:
    3,557
    Likes Received:
    106
    this has nothing to do with anything.. bitcoins highest price was a confluence of a variety of weird factors

    It just is what it is... if you want to gain in the opportunity ahead then you may choose to do so... I do so because I happen to recognize and understand the vast implications of such a technology... its not what "I think" may or may not happen. Childish for anyone to keep thinking this is about me.

    why are people so annoyed that I'm "wrapped up" in bitcoin... anyway..

    is having strong intellectual curiosity such a rare thing these days?
     
  9. GanjaRocket

    GanjaRocket Member

    Joined:
    Nov 21, 2012
    Messages:
    3,557
    Likes Received:
    106
    <img src = http://i.imgur.com/8RWeCenl.png>

    <img src = http://i.imgur.com/AjPaddyl.png>
     
  10. GanjaRocket

    GanjaRocket Member

    Joined:
    Nov 21, 2012
    Messages:
    3,557
    Likes Received:
    106
    Its fun to read some posts here in a Nancy grace voice


    :grin:
     
  11. GlenDice

    GlenDice Member

    Joined:
    Jun 15, 2015
    Messages:
    526
    Likes Received:
    11
    I want to buy 100 dollar worth of bitcoins, how can I do this fast and simple. I'm willing pay extra if anyone is willing to do it via paypal.
     
  12. GanjaRocket

    GanjaRocket Member

    Joined:
    Nov 21, 2012
    Messages:
    3,557
    Likes Received:
    106
    Dude.. just use circle.. do you have a debit card and 2 minutes of time?
     
  13. GlenDice

    GlenDice Member

    Joined:
    Jun 15, 2015
    Messages:
    526
    Likes Received:
    11
    Can you provide me with the link? Everywhere else is a headache.
     
  14. GanjaRocket

    GanjaRocket Member

    Joined:
    Nov 21, 2012
    Messages:
    3,557
    Likes Received:
    106
    Www.circle.com

    Lol
     
  15. GlenDice

    GlenDice Member

    Joined:
    Jun 15, 2015
    Messages:
    526
    Likes Received:
    11
    woahhhhhhhhhhhhhhhhhhhhhh:grin::grin::grin:
     
  16. Northside Storm

    Joined:
    Dec 24, 2007
    Messages:
    11,262
    Likes Received:
    450
    you're thinking of Dash.

    https://en.wikipedia.org/wiki/Dash_(cryptocurrency)
     
  17. Commodore

    Commodore Member

    Joined:
    Dec 15, 2007
    Messages:
    33,557
    Likes Received:
    17,513
  18. Mr. Clutch

    Mr. Clutch Member

    Joined:
    Nov 8, 2002
    Messages:
    46,550
    Likes Received:
    6,132
    All the Greeks are moving into Bitcoins.
     
  19. tallanvor

    tallanvor Member

    Joined:
    Oct 9, 2007
    Messages:
    18,658
    Likes Received:
    11,690
    doubt any Greeks are moving into Bitcoins. It's other Europeans seeing how Greece handles its debt and fearing their government may act similarly. That and speculators. Its kind of too late for Greeks to try and hide their money in bitcoins.

    <blockquote class="twitter-tweet" lang="en"><p lang="en" dir="ltr">If Greeks already have cash in hand, bitcoin is unnecessary. If they don’t, then bitcoin is unattainable. It’s a bank liquidity crisis.</p>&mdash; AndreasMAntonopoulos (@aantonop) <a href="https://twitter.com/aantonop/status/615571506630905856">June 29, 2015</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
     
    #939 tallanvor, Jun 30, 2015
    Last edited: Jun 30, 2015
  20. RedRedemption

    RedRedemption Member

    Joined:
    Jul 21, 2009
    Messages:
    32,542
    Likes Received:
    7,752
    No, its the pretentious douche part.
    And constantly sounding like one of those annoying door to door solicitors every post you make.
    Of course you did say you were involved in a pyramid scheme before so... lol.

    Bitcoin doesn't need a salesman or a hype man.

    Scale back a bit.
    Even if Bitcoin becomes the de facto standard for financial transactions, its not going to happen overnight lol.
     
    #940 RedRedemption, Jun 30, 2015
    Last edited: Jun 30, 2015

Share This Page