Bitcoin Forum

Just a simple question, are you a Bitcoin believer, or just a tourist as long as the mass media isn't making an uninformed spectacle of itself.

Whichever you are, post your reasons either way.

The Pandora's box has been opened.  It's never going away ;D

Bitcoin might, but cryptocurrencies are here to stay.

I'm here because this is an other interesting forum with lot of crazy people...

Bitcoin won't replace fiat currencies for day to day transactions but in certain markets, for example remittances to countries with exchange controls or with unstable financial institutions, its the best currency out there. Once we get closer to 21 million mined and the value of Bitcoin stops bouncing around, the currency will find its own niche and my guess is that each Bitcoin will be worth several thousand pounds.

+1

I would not call myself "believer", but I think at least the concept of CC's is truly revolutionary and is here to stay for my lifetime.

Where can I buy some duck calls with my bitcoin?

Every time I see this, it's never followed up with an argument.

Here's the argument: It requires significant infrastructure before it can be used in the place of cash. That is a barrier to some markets. This is why I prefer bullion (https://shiresilver.com/currency_comparison) for face to face transactions.

I'm a fan of cryptocurrencies. But why not just use bitcoins online and cash when I need to buy some lunch?  ::)

Fiat sucks, that's why. Unless by "cash," you meant a commodity-backed currency, like the dollar used to be?

Bitcoin is a potential means of ending the business cycle and all of the poverty, misery, and death that it causes.  For this reason, I am serious about promoting Bitcoin.  When the price goes up, I cheer, not because I own a lot of BTC (I don't), but because it is one measure of mankind's escape from business cycle currencies into safe currency and a bright future.

I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.

How are they doing that??

I think he means the pump-and-dump attempts.

I wish people would call it all "Nigerian scamming attempts." It's no more accurate than the ponzi claims, but it at least sounds amusing.

I saw a thread claiming there actually were Nigerian bitcoin scams, though I don't know how much credibility to assign it. And remember that site that would let you buy all 21 million coins?

im a believer in crypto currencies not bitcoin, it has to many ills. momentum means nothing just look at an avalanche it too has momentum then look at the devastation it leaves behind when it comes to an hold. until the beginning of the year bitcoin was doing fine.

Yeah, but everyone who rides the avalanche ends up with so wealthy with so much snow and water!

Let's all vote Ponzi, cause the price dive and stock up.

Specifically, I mean those trying to push up the price via regulation.  It can only end badly.

I see the value going to $0.00.

XRP will overtake.  Is this not obvious?  Do people really like waiting 10 minutes for a transaction?

Trying to push the price up via regulation?

You do know XRP is not actually money, is not suppose to be worth anything, and is just placeholders for IOUs, right? I hope you didn't sell all your bitcoins to "invest" in XRP  :-\

In other words, it's just like FRNs?

FRN is supposed to be money that's supposed to hold value at least. XRP can be made worthless at any time due to the company behind Ripple holding billions of them and just giving them out for free (I got 20,000 just yesterday)

Yes.  I'm surprised you don't recognize this.  The US currency (the global reserve currency) is a centralized, money-printing extortion racket.  Bitcoin only has value in terms of this racket if it can be controlled, and if it can be used to control others.

The neckbeard morons at the Bitcoin Foundation and the shady venture capitalists controlling it have spent the last year trying to fit Bitcoin into this system, in the hopes that they can cash out once Bitcoin is totally controlled and the price in USD skyrockets.

Ah. Well, I've not really followed the bitcoin foundation much. I tend to ignore anyone who presumes to think he can tell me what I can and cannot do with my property.

Controlling it how? Are they running a mining pool?

No.  They are the Illuminati.

Set against us.

The Inebriati.

Do the Inebriati drink single malt, or cheap rotgut?

Many feel the calling, but few are chosen.

After Initiation into the Inner Sanctum, when one feels the spirits come over him, then forth they proceed with only the finest VSOP Cognacs.

Thus shall ye be guided by the Spirits.

Unless BTC exchanges remove any fiat money from trades, controlling (manipulating) BTC prices will be so easy for the big (bad) guys. So, they don't need a mining pool at all.

By "controlling" I guess you mean "buying and selling on the open market?" That method of manipulating prices doesn't really work, since it results in selling your stash to others on the market, who will just take your thrown away money and keep it.

I suppose option 2 for "controlling" a market valued in fiat is to inflate and deflate your currency, so as to manipulate the price, as valued in that fiat. Seems a bit excessive, though.

Shh!  You're interfering with our ability to blame boogeymen!

But... but... but... market efficiency  :'(

Is why Inebriati always win.

Cryptocurrencies are the future!

I'd be more than happy with Bitcoin being the ONE though. But that seems some what unlikely.

Where's the 'I believe in Bitcoin but I think it's probably going to be superseded by something better' option?

If someone comes up with an idea for something better, why can't they just implemented in Bitcoin? I mean, we don't replace WWW with something different every time someone comes up with improvements, we just add them to the W3 standards.