Bitcoin Forum

When will the bulls understand that the only thing bitcoins are good for RIGHT NOW at this point in time is buying and selling drugs on the Silk Road. Nothing else. And those people dont care what the price is. And who knows how long that is going to last as its getting tougher to anonymously buy and sell coins. Down but not out YET.

You couldn't talk more shit, could you?

LOL you know its the truth. who converts fiat into bitcoins to go and buy something other than drugs.

Man, you are so behind the times. Drugs are last year's news. Everyone knows that gambling is what people are doing with their coins these days. There's also a rapidly growing market in pornography. You gotta keep up with the latest developments. No longer is Bitcoin exclusively a black market currency. It is now officially a dark grey market currency. And it's getting less dark by the minute.

And that is why newbie limitations are need: to keep bullshit in this section  :)

Just today paid an invoice using bitcoins, and it wasn't on silkroad. Oh my... I'm a freak! :o

but did you convert fiat to bitcoins and then pay? NO.

You are right. they are good for gambling. Porn is free. But it is getting harder to get coins anonymously.

Don't ASSume... Yes, I did convert euros to BTC to pay for it.

WHY? Did you have to pay a transaction fee to convert the euro to BTC?

You do realise Mt. Gox was never anonymous in the first place, right?

I'm a bit confused what the point is that you're trying to make. From an investment standpoint, why does it matter if you can or cannot buy things with Bitcoin? The fact of the matter is people are making money mining and trading Bitcoin and that isn't going to stop anytime soon.

The transaction fee I paid for EUR>BTC was negligible when compared to the EUR>USD fee charged by PayPal.
Why? Because it was more practical and cheap to pay using BTC, given the invoice was in USD.

I give up

There has to be an amount where the fee IS relevent, then what?

STFU, I just proved you wrong, stop trying to find a non-existent scenario to fit your ASSumption.

Oh I guess we should all ignore the fact that is has been proven to be a great store of value.  Or the fact that i can send someone money when I choose without and overseer and little to no fees.  Tons of excellent services and products offered in the community for Bitcoins and that is growing but I guess we can ignore all that factual evidence for no good reason lol.

Great job you win a prize. Here you go SUCK MY DICK!!

I think this is part of the reason why punters are "investing" in overpriced Block Erupters, BFL's etc. Its a bitcoin laundry. USD or trackable BTC in, then mining gives untrackable BTC out.

Hallelujah, another newbie expert has arrived to explain everything. This is what they do when the price is falling. If it were going up, I assume he would be asking for a loan.  ::)

Same thing happened in the US over 500 years ago.

We were doing all sorts of bartering.  Cotton. Tobacco.  Wheat.
And some of the union soldiers started getting friendly with the Aztecs. 
The Aztecs wanted cotton in the worst way and the soldiers wanted their gold, so they could buy the affection of special ladies.

So, the union soldiers started hammering cotton into massive flat sheets and sneaking across the Nile river and trading their sheets of cotton for Aztec gold.
Eventually, the cotton sheets became the money you have in your wallet today.

Every currency has a dark past.

Here we have an example of a great arguments  ::)

Definitely this is why we need newbie limitations. And maybe we need stricter ones  ::)

It's not been proven to be a great store of value - the price volatility has seen to that.

OK, now you're making my head hurt...  ;D

Silk road was (and still is) a fascinating technical proof of concept.  Silk road, whatever you think of it, has proven clearly that bitcoin is a capable transactional device.  Whatever you think of the moral judgments that are embodied by drug laws, buying a kilo of heroin on silk road proved that bitcoin could just as easily be used to buy a pound of flour, a school textbook or a car.  That's what really matters.

From there, if you're still stuck on how bitcoin is being used to buy drugs, you may as well be talking about the USD because you've clearly missed the forest in favour of the tree you didn't like the look of.

Bitcoin is also good for gambling!  It needs to be useful for something or it wont have value.

Bitcoin isn't "good" for gambling, buying/selling drugs or what have you.  It's "good" for transacting wealth.  That's it.

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