Bitcoin Forum

Bitcoin... backed up by nothing you cannot hold it, you cannot associate it with any tangible asset it is worthless code that can be changed on a whim... 21m cap, 40m cap, 100bn cap it doesnt matter you canth trust humanz to make this work... where as the dollar is backed by taxes, labour and the security of the government.

You're better off investing in gold/silver/property market etc something that exists in the real world you'll lose all your money.

This GavinXT vs BitCore is pure agenda... Peter Todd is a fool that speaks in cryptics and riddles and I have to turn the volume up to hear his estrogenal voice and simply suggests what I could make out that nothing should be done to scale Bitcoin with user adoption.

Silly billies half of the users here are addicted to Bitcoin thinking they'll be rich in a couple of years.... NEWSFLASH you should've bought in the 09-12 mark its not going to happen again they've basically flogged those worthless "bits" to all you mugs that buy around $200-$1000!!!!! for a few pixelz on u screen.

Sure you can trade here and there but it ith not sustainable eny hoo can just dump the markat to 1$ again those 10,000 - 1,000,000 hoarders are gonna dump soon before its too late its snot a currency its gam gam gamblers paradise the reason all the big boys haven't put much VC in becoz they know this is crap they don't hath to because they OWN REAL ASSETS and 1mil VC in bitcoin is peanuts for them....

G E T  I T  I N  T O  Y O U R  H E A D S  T H I S  I S N T  G O I N G  T O  H A P P E N  I T S  S H E E P L E  M O N E Y

Did you make an account just to say that

I don't tell you what to do with your money so do not tell me what to do with mine, nuff said.....

I read your first 2 paragraphs and couldn't get any further.  I must say that you are one of the most ill informed people I have ever encountered.  Please do some research on bitcoin and fiat currency and how it works before spouting nonsense left and right.

Seriously sir, you are just embarrassing yourself at this point.

Here are a few points...
No bitcoin is not backed by anything, but neither is the U.S. dollar.
It cannot be changed on a whim, you need the consensus of everyone using it to do that.  i.e. no one person can blindly change whatever they want (it is even being proven that the main developer can't do that).
You can't trust humans to make this work but you can trust them with fiat currency to make that work?  Your argument here is nonsense.
The U.S. dollar is not backed by taxes, labour (did you mean labor?).  I honestly don't even know how to respond to this point because your notion doesn't make any sense and is absurd to begin with.

Those are just points about your first paragraph, I don't care to read the rest since it is nonsense.  Please educate yourself a little more before spouting crap.

in b4 "bitcoin is backed by math"

I thought you died in a tunnel car wreck fucking troll.

There's stuff wrong with Bitcoin but it can all be fixed and you didn't mention any of them. Go smoke a turd.

you should be telling the greece people this, when the government turns on its people having the banks limited their withdraw funds per day with no out site transactions to move their money it would be fun to have you look at and say omg why!!!

Looks like somebody sold at $220.  :D

Hey OP, here is a pro-tip for you. Try spreading FUD during a downtrend.  ;)

Good one  ;D

Silly billies think they can survive without government.  I tell youth nowth if the US government vanished today no one would know wot to do there would be anarchy everywhere the currency of choice wouldn't be shitcoins it would be guns, ammoz, foodz and waterz there would be no big mac, no KFC, no walmart YOU NEED GOVERNMENT to look after you the elites have done an ok job its not perfect no ones perfect... you've all been watching too much of Alex Jones n Max Keiser n RTs propaganda machine

its a fact... us sheeple need to be looked after we are no match against the horrors of this world and youth think that shitcoin can solve the debt crisis????!!!!!! you think bitcoin can solve the entiorrr worlds GDP using a few pixelz DONT MAKE ME LAUGHo ho

consumers aren't interested in this fake shit and neither am i soon ill be owning my second house which will pay my bills then i can earn big time

i just can't believe that silly sod sold his house for wot was it 600 something btc then again maybe he's already loaded and that means peanuts to him but youth pepil need to be careful newbies should not invest bitcoin invest something that exists in the real world

Come on let it all out, if you when all in and sold low just because you can't handle the bitcoin world is fine, it happens! some people are smarter and others just give up pretty easy.

"Bitcoin... backed up by nothing you cannot hold it, you cannot associate it with any tangible asset it is worthless code that can be changed on a whim... 21m cap, 40m cap, 100bn cap it doesnt matter you canth trust humanz to make this work... where as the dollar is backed by taxes, labour and the security of the government."

The value of currencies backed by taxes, labour and the security of the government can crash to near zero and have many times.


You're better off investing in gold/silver/property market etc something that exists in the real world you'll lose all your money.

How do you know? I've made thousands off bitcoin.

"This GavinXT vs BitCore is pure agenda... Peter Todd is a fool that speaks in cryptics and riddles and I have to turn the volume up to hear his estrogenal voice and simply suggests what I could make out that nothing should be done to scale Bitcoin with user adoption."

Don't be snide you scumbag.

"Silly billies half of the users here are addicted to Bitcoin thinking they'll be rich in a couple of years.... NEWSFLASH you should've bought in the 09-12 mark its not going to happen again they've basically flogged those worthless "bits" to all you mugs that buy around $200-$1000!!!!! for a few pixelz on u screen."

I bought in the 1-2 mark.

"Sure you can trade here and there but it ith not sustainable eny hoo can just dump the markat to 1$ again those 10,000 - 1,000,000 hoarders are gonna dump soon before its too late its snot a currency its gam gam gamblers paradise the reason all the big boys haven't put much VC in becoz they know this is crap they don't hath to because they OWN REAL ASSETS and 1mil VC in bitcoin is peanuts for them.... "

Venture capitalists have put a lot in. The market capitalization of bitcoin is over 3 billion.

In short, if you don't believe in bitcoin, then don't have anything to do with it. Nobody is forcing you.

Ok so this is a common ignorance with currencies.  Dollars are only valuable because we all agree they are.  They are backed by nothing.  But you mention gold right?  What about that, why is it worth anything?  Only because we agree that it is.  Tomorrow we could all agree that rocks are valuable, then start buying things with those. 

It really is that simple.  You can find really complicated academic papers on it if you want, but it only comes down to what we all collectively agree.  We collectively agree that bitcoins are worth ~255$ at this minute, and so they are.  Everything else, like the technology, is secondary to this simple fact.

Lol so a first time poster has extensive bitcoin knowledge.  Knows about XT and the devs?  Whats your main account?

I'll do your second post as well

"Silly billies think they can survive without government." 

I believe that their should be a government.

"I tell youth nowth if the US government vanished today no one would know wot to do there would be anarchy everywhere"

Nope. Washington is not the center of the Universe.

"the currency of choice wouldn't be shitcoins it would be guns, ammoz, foodz and waterz"

Or the currencies that other countries already use. Sorry, currensiez.

"there would be no big mac,"

Good

 "no KFC"

Good

"no walmart"

Good

"YOU NEED GOVERNMENT

I don't just need government I want to have a government. "

"to look after you the elites have done an ok job its not perfect no ones perfect"

You don't say

"... you've all been watching too much of Alex Jones n Max Keiser n RTs propaganda machine"

Have I?

"its a fact... us sheeple need to be looked after"

Having read your posts I don't necessarily disagree.

"we are no match against the horrors of this world and youth think that shitcoin can solve the debt crisis?Huh!!!!!!"

Bit of a strawman

"you think bitcoin can solve the entiorrr worlds GDP using a few pixelz DONT MAKE ME LAUGHo ho"

Again, bit of a strawman argument.

"consumers aren't interested in this fake shit"

Then why does it have a market capitalization of 3bn having only been out since 2009?

 "and neither am i soon ill be owning my second house which will pay my bills then i can earn big time"

How? Rent? How is that earning big time?

"i just can't believe that silly sod sold his house for wot was it 600 something btc then again maybe he's already loaded and that means peanuts to him but youth pepil need to be careful newbies should not invest bitcoin invest something that exists in the real world"

Are you sharing you wisdom with the young folk? Must think quite a bit of yourself.

Wooh another useless FUD. Have you sold during the $220-$230 range? :D Also, why the hell would you dictate me to do what I want on my money when it is basically my money? You shouldn't tell us what to do. And for all the newbies who are reading this post, see how far we've come before you listen to this FUD. Fiat is backed by corrupt politicians that wants to gain total control over you, whereas bitcoin is controlled by a decentralized network of miners relaying information and validating transactions all over the bitcoin network to display those transactions and be transparent to the public as possible. Let me ask you, how many times does the government been transparent to its people? ???

hey hey wait, are you from the government? it is possible that there are gov guys here among us, that are preventing bitcoin in any way from rising, by spreading unnecessary fud?

because there is too much fud lately, to be connected only to random users that sold low, and bought high, there must be another reason

btw printing money out of thin air, is the equivalent of having something which has no back up, taxes are one the way the Gov has to retrieve those money without back up, to print less toilet paper, remember this next time you will use a visa/mastercard

some believe, some dont..

dont want your coins. here a place to dump em...   ;D

ZiftrCoin:
ZaZZAdR1m3RQEsM12mMd4Axig8z5RBZBJz
BitCoin:
1CMuB986N4N4WnjizJoMJ5trmLPcAsudd8
OrbitCoin:
oaN3cTNU7CLrQvt3SfwrHjD4m8GLCQGCnc
BitCoinDark:
RXZ8BJGy3RrygGD3ZTb1SG36GrWndzF7tR
CannibasCoin:
CRMqo8BHpBPf6ECXPWd9iyKRTCsCYbAQ2j
LiteCoin:
LN35ft3jyd5YepGZdDdrSKgXD7FPMAZJnx
LiteCoinDark:
LhRdAVzg3c69vS5hdJkXfATP3Bc2gvXWgW
DASH/DarkCoin:
Xst9q2zPVcnLw8UuGCqfKPSqegrfff7jEv
DogeCoin:
DN6VKaqd3r3a37iMPkvVfp1nkuXfkwM62f
DogeCoinDark:
D8PREa1VoJ56JxHhD5EnkSp6F1FEjfFsae
StealthCoin:
S6MJydZrzBcb4LLGVunDsTecpTMJNALvWY
Unobtanium:
uRs2C7wRvyB5yxF9kCAUp6sBvX52AyAvur
VertCoin:
VoA4NEPcir8nbxA9raCtkiWiZDipWW9JLc


and if you have some that i didnt list, let me know... surely i can come up with an address for you to get rid of your 'worthless' cryptos..

thanks in advance!

Mr.WEO

It is funny whenever I see that someone brings up something like: "Bitcoins are worthless because they aren't backed by anything"
We could argue that gold or other precious metals or minerals aren't backed by anything either. You know that value of things is not a matter of worth but rather how every item is subjectively valued by individuals.
This valuation is demonstrated when individuals are willing to pay for something that is not worthy much. For example art.

Just a couple of points to answer the OP's original supposition (be they a troll or not).

-- Bitcoin is a digital currency, using a publicly viewable ledger, for individuals whose identifications are untraceable through encryption technology.
-- Because of its encrypted technology, it is an internet based asset that cannot be regulated or controlled by governments and financial institutions.
-- Accordingly, it provides great benefits for anyone wanting to store and or move bitcoin units of digital worth (value being delineated by btc trading exchanges).
-- Further advantage comes from the fact that bitcoin itself cannot fall under any jurisdiction, be it under a nation's currency laws or through any financial oversight. (You can own, carry and move a million dollars inside your USB encrypted thumbdrive, or in a bitcoin paper wallet... and do so anonymously.)
-- However, at the point of exchange, i.e. trading bitcoin for conventional currency, then government laws and financial regulations can be applicable. Of course there are unregulated bitcoin exchanges, such as LocalBitcoins.com, or you can buy/sell other assets than fiat directly with bitcoin.
-- The evidence seems clear... a 3.5+ Billion dollar marketcap reflects that bitcoin is a valuable asset. It also brings other great benefits of pseudo-anonymity, is virtually transferable in a mostly low-fee environment, and with proper precautions, is secure.

So PrincessDiana...I would close by saying that Bitcoin shows itself to be worthy, something of the people and for the people.
Much like the real Princess Di was, in the rarified overly-controlled prison of British royalty.

H.

dollars are backed by taxes? .. well the billionair tax dodgers wont agree with that
dollars are backed by labour? .. well if minimum wage went from $7.50 -> $15.. then a $10 bank note will suddenly not be able to buy as much bread due to inflation.. thus its not a good backer..
dollars are backed by government? .. well if the amero came about suddenly the $10 piece of paper wont even buy you a banana

as for using the words Tangiable.. that is words of the commodities industry. please do not confuse a commodity with a economic asset... beef is a commodity with tangiability.. so go buy urself a rump steak and try using it to buy a pizza, beer or toilet roll.

dollars are crap... i live in england and have never needed to touch a dollar in my life.. yet when i go abroad, i have used bitcoins in every country i visited. without needing to care about dollars.

bitcoin has more security then stocks and shares, has less change of corruption and theft compared to gold or fiat. and has easier transmittability world wide then anything you can think of.

once you get your mind out of your limited experience of economics. and see that the dollar is not the superhero that you love so much. then come back and show your opinion.

I agree with you princess diana but they don't understand.

Is princess diana coming back from the dead to defend the governments and monarchies ? maybe she saved a lot of cash from the crown and doesn't want bitcoin to affected ? is princess diana on the united states now ?

You fuck fuckity fuck. Fuck you, you bore me. Bitcoin is going to zoom up ahead, and when I'm a million dollars richer, I'd FedEx my turds to you which just might be gold plated. WOOHOO

Amen brutha! The US greenback is garbage as are all fiat currencies. Not to mention the global reach of BTC helps protect our wealth from governments - all evil they are.

Yeah brahh! We're gonna be rich sons bitches!!

When you've mailed your gold plated turds I'm gonna dance like this:

https://www.youtube.com/watch?v=y73oiAaSpr4

As best I can tell, to answer the OP's title rather than his rant, clear benefits are lower international money transmission fees and super easy micropayments.  I'd say those two are just the tip of the iceberg.

Good luck with your trolling, you may also want to consider spell check unless you were going for some kind of newbie leet speak.

I just don't see the point. Maybe she really think she's helping.

When you think about it, is there anything backed by anything of value other than knowledge and energy?

How about you start talking to the millionaires who became millionaires by investing in BitCoins?
It's been 7 years since BitCoins came into existence and have shown a good progress. I think your argument is invalid.  :-\

Hahaha, I don't understand why a couple cunt fucks want to hate on us? If they don't like bitcoin, they should fuck off from our ways and let us have more btc xD Why be on a bitcoin forum website and crib about how bitcoin doesn't have a future? We all see who doesn't have a future  :P

There are many types of private issued community money. In the end a currency is backed by its community, e.g. people who are willing to accept it as a payment medium. Fiat money's community is the citizen in that country. However that is forced upon its users while bitcoin is not, so bitcoin's success is purely depends on its community. This community is boarder-less, that's a big difference comparing with fiat money, where you barely can find someone accept Japanese Yen payment in US

Are you dumb or what? I think you should keep your opinion to yourself only. We just saw how fiat money has failed in Greece and how people there are considering Bitcoins now. Secondly, yes bitcoins aren't backed by anything and the same is with the USD. Third, how about you talk to some people who have made millions through bitcoins? just because you weren't able to understand the bitcoin doesn't make it stupid. Go study.

The point Bitcoin , the internet is the currency that people can freely and without any commission to do business , buying and selling things on the Internet Stock Exchange . Also, they can also earn bitcoins , and so gain his extra earnings.

You are too dumb to realize the implications of the blockchain technology, how the blockchain technology is best used under it's original token (Bitcoin) and how tiny the marketcap is, which shows the insane growth for it.

In 10 years, any kid that in 10 years old getting advertisement money off his videos and music through Bitcoin on the internet, once he hits age 18 he will not go through the chores of getting a bank account to get an downgraded version of banking.

Television is no longer relevant, Youtube is. Now you only need a small camera to get your shit out there.

Big record labels aren't no longer relevant, Soundcloud and Bandcamp is. Now you need no one backing you up to make money off your music.

Official physical newspapers aren't no longer relevant, no one reads newspapers, only grandpas. Everyone else gets their news online. Big printing machines aren't no longer relevant.

Similarly, big banking infrastructures that charge you insane fees to keep their grandiosity running, aren't no longer relevant. The blockchain automates all of that and deprecates it, worldwide, at next to not costs. Metals and other so called safe havens are deprecated as well.

http://oi57.tinypic.com/swsgvc.jpg
http://oi61.tinypic.com/1182m9i.jpg



Bitcoin is simply the next step in getting rid of official grandiosity and giving power to the individuals. Swallow this reality pill and deal with the facts. The world changed after Bitcoin was released and it will never be the same. The sooner you get this objective reality thought your skull, examine your ego and invest in some BTC the better. Otherwise be ready to cry in the next decade+.

You don't know what are you telling. You know bitcoin only as digital money which can be bought or sold and that's it.

But you don't know that bitcoin it is product (and for more the first product) of one the technologies which is more than disruptive for almost all the other technologies who have to do with it. And the lasts ones are to many. Are so many that can and will change the world in another way more much differently than the way is seen today. This technology was theory and a doubt in his practical ability. But bitcoin, as materialized and real product, upheld the practicality of that. This was enormous. Then began the application of it. It is yet in the firsts steps of it and them who know that fall in love with it, with its potential and with its uniqueness.

So the importance of bitcoin is more than be a simple currency. Is the "thing" (product) which has proved that the above technology has real and market value and can be applied in practice. Then, talking about it and for its value as a currency this is another story. But for this is in vain to write here because you are convinced about its nullity and no word can change your mind. I hope that one day you study economy and in this way maybe you can understand the bests of bitcoin as a currency. Which, unfortunately, for being only digital money, and in property of all the people cannot be currency that can be used totally like the other currencies.

This says it all about the OP. You can hold gold, but what is gold other than a great conductor? You can hold a USD paper bill, but what is it beyond the trust in a nation that has more debt than the world has money? How many countries have you seen fail and try to print their way out? Calling BTCers sheeple is so 180 degrees from true.

Bitcoin is helpful its like it challenge our economic stability if your asking whats the point, well theres a lot.

definitely not deluded, i'm so excite about the future guys!!!  :D :D