Bitcoin Forum

<KipMacy> torture is fine.  child trafficking is great.  i really hate bitcoins
<tecra> dude bitcoin is a fail
<fsargent> I already saw the 5mof on Bitcoin
<mizerydearia> KipMacy, Why do you really hate bitcoins?
<mizerydearia> tecra, How is it fail?
<tecra> and im kinda optimistic about that
<fsargent> mizerydearia: I will break this down for you
<fsargent> Bitcoin is fail because it's a limited system.
<fsargent> It's a terrible form of currency.
<fsargent> All you do is make numbers, not 'value'
<tecra> sweet break down
<fsargent> there's no medium of exchange between the real world and bitcoins
<fsargent> Bitcoins also have no method of redistribution, the entire economy will divert to one holder
<fsargent> there's no federal reserve
<fsargent> decentralized economies /don't work/
<fsargent> **** Currencies
<fsargent> Look at WoW Gold
<tecra> chuckee cheese tokens
<tecra> its worthless
<tecra> you would be a tard to take real money and put it into bitcoins
<e> mizerydearia - how does it feel to be evangelizing for your pagan idol on Good Friday, hmm??
<fsargent> mizerydearia: just read the thing on greater fool theory
<tecra> he i have shitcoins will u buy em?
<fsargent> You know why I believe in greenbacks?
<fsargent> Because they are backed by congress
<fsargent> you know what congress has?
<tecra> u shoudnt
<fsargent> a fucking army.
<tecra> dollar will have no value very soon
<kelp> so they can force people to accept them?
<KipMacy> it is true, currency needs a threat of immediate violence behind it to be worth anything
<fsargent> tecra: the dollar has plenty of value, just as long as they increase the debt ceiling
<fsargent> KipMacy: naahhh not the IMMEDIATE threat
<tecra> fsargent: you know what supply and demand is?
<fsargent> But I mean that they have the ability to create 'stability'
<fsargent> tecra: I'm an economics major