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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

    35.0%
  2. Passing Fad

    65.0%
  1. GanjaRocket

    GanjaRocket Member

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    I think we are seeing a real trend reversal
     
  2. Commodore

    Commodore Contributing Member

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  3. GanjaRocket

    GanjaRocket Member

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    Network passes 100k transactions in 24 hours for the first time ever .. you can see a steady increase in the number of transactions despite the falling price

    <img src= https://i.imgur.com/Sp0R6NE.png>
     
  4. GanjaRocket

    GanjaRocket Member

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    Mother****er jones uses bitcoin
     
  5. GanjaRocket

    GanjaRocket Member

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    say what you want but when the hood mainstream segment/societal component gets bitcoin no reason you shouldn't either

    <iframe width="560" height="315" src="//www.youtube.com/embed/rAfOCqgS8gs" frameborder="0" allowfullscreen></iframe>


    known as Mr. iPad Chain in the club scene, here he is with James Harden at 1:33

    <iframe src="//player.vimeo.com/video/81273267" width="500" height="281" frameborder="0" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe> <p><a href="http://vimeo.com/81273267">"Mr.iPad Chain" (Season 1) Greatest Hits!</a> from <a href="http://vimeo.com/made4tvgecko">Made 4 TV Gecko</a> on <a href="https://vimeo.com">Vimeo</a>.</p>


    yes its absurd but you get the point kno what im sayin... ya feel me?
     
  6. GanjaRocket

    GanjaRocket Member

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    talks about why Shark Tank turned him down because of his criminal record.. talks about how bitcoin will help his life

    Mr. iPad Chain is from HTown!

    <iframe width="560" height="315" src="//www.youtube.com/embed/q8cUDTWUEog" frameborder="0" allowfullscreen></iframe>
     
  7. GanjaRocket

    GanjaRocket Member

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    Mr. iPad Chain responds to critics pointing out his weed smoking, profanity, and layman's level knowledge of bitcoin

    "you **** with me because I'm just like you"

    just a real dude


    <iframe width="560" height="315" src="//www.youtube.com/embed/kuBztVrggWI" frameborder="0" allowfullscreen></iframe>
     
  8. GanjaRocket

    GanjaRocket Member

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    Microsoft now accepts bitcoin for Xbox and windows mobile points
     
  9. GanjaRocket

    GanjaRocket Member

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    it would be cool if ChangeTip ( www.changetip.com ) offered a tool for BBS software systems such as the one Clutch uses for this site.



    users could tip each other and most importantly, Clutch :grin:


    they do state they are releasing a public API soon.. maybe they will be able to do something with that
     
  10. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
    Supporting Member

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  11. GanjaRocket

    GanjaRocket Member

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    Fair enough but it's been around for 5 years and is still up YoY

    It's time to buy and hold. Not compare it to fiat currencies
     
  12. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    That's interesting logic. Last time I checked the dollar still dominates America and the world. If you own an asset that is dropping versus the dollar then you are losing. I hope your average price in dollars isn't too high.
     
  13. GanjaRocket

    GanjaRocket Member

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    Been buying from 600s back in february.

    This isn't about USD vs BTC afterall, I've learned. Idc what the US dollar does.

    BTC and the blockchain is going to be the basis of new extensions of our economy. My POV is from a technology investment aspect. Nothing does what this does.

    It just also happens to work as a medium of exchange (currency)

    Relating it back to currency all the time is missing the point. I like to think about buying BTC as equity in the first decentralized global startup
     
  14. Major

    Major Member

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    So you don't think the price you pay for that equity is relevant to anything?
     
  15. GanjaRocket

    GanjaRocket Member

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    Not in the short term for an investment with a long time horizon.

    Not sure why you would think that I think that... lol
     
  16. Major

    Major Member

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    Because it's what you said:


    This isn't about USD vs BTC afterall, I've learned. Idc what the US dollar does.


    If you don't care about the relationship between USD and BTC, you're saying the price you're paying in USD to buy equity in BTC is irrelevant. You're saying it's worth it whether a BTC costs $50 or $50,000,000.
     
  17. GanjaRocket

    GanjaRocket Member

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    Sorry I should clarify.. too much context just gets lost on a message board lol.

    I meant as in the geoeconomic strength of the dollar isnt a primary driver in whether or not btc and blockchain tech is a success.. but disruptions in fiat would lead to a greater capital flight indeed
     
  18. GanjaRocket

    GanjaRocket Member

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    price keeps going down towards 300 again.. good for me as I get more bits for my dollar


    I guess that makes bitcoin useless and dumb somehow though

    on the other hand Time, Inc. just decided to begin accepting bitcoin for subscriptions to all of its magazine brands.
     
  19. TheMystery008

    TheMystery008 Member

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    Sadly I'm with Ganja here.

    How's the first Bitcoin machine in Houston?

    I haven't check it out.

    "Look where people aren't looking."
     
  20. GanjaRocket

    GanjaRocket Member

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    Sadly ? :grin:

    I haven't either. It's at the George R Brown somewhere though..


    Houston's first BTC machine at the most prominent convention center in the city. They wouldn't let just anyone open anything on their premises
     

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