Excellent although it's very sad to see so many religious fanatics polluting the comments.  Aw, they're precious. Mostly they just want something to put in their sweet little hands. What if Bitcoin is hacked and data is wiped clean, is their a backup? Don't worry I've got a copy. Just more zeros and ones, I will pass. This guy probably hates movies. |
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Bitcoin represents another way to fight back against the current repressive and immoral monetary system that has a strangle hold on the planet. Ever since WordPress.com (the extremely popular blogging platform and 22nd most popular site on the internet), decided to accept Bitcoin as payment last November the value of Bitcoins versus the U.S. dollar has more than doubled. The esoteric crypto-currency continues to gain popularity and technologies to make it even more user friendly are popping up all over the place. The latest is the Bitcoin ATM, which could be a serious game changer for adoption. http://www.zerohedge.com/news/2013-02-26/alternative-currency-goes-mainstream-bitcoin-atms-emerge |
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I got bad service from KalyHost for a long time and eventually left them. I think it is just a business he doesn't care about and hasn't bothered to shut down.
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im shocked at dwolla, does no one outside of btc use it?
I'm pretty sure I've googled bitcoin way more times than anyone would google dwolla no matter how much they love it, there is just so much more to learn and read about bitcoin than dwolla. |
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I swear one time I won some dollars and my thought was "Yes, that's over 500 bitcoins".
But we already knew the dollar isn't "real money"(tm)
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"What is it good for if it is worth 0" is the same as saying "What is it good for when no one on Earth thinks it's good for anything or has any chance of being worth anything again".
You and/or your friends should instead spend time coming to grips with why people value it in order to see that they aren't all going to stop valuing it randomly at some point in the future.
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Robert Wenzel on His Economic Policy Journal, Elite Memes and the Expanding American EmpireDaily Bell: What do you think of bitcoin?
Robert Wenzel: Bitcoins have some use value for anonymous transactions and also as a method for quick, safe transactions. But it is not money at this time. Anyone using bitcoins in a transaction is converting bitcoin values in their head to dollars. Thus, a bitcoin is closer to a digital American Express travelers check (with a fluctuating value), then a stand-alone currency.
If people ever stop the calculation from bitcoins into dollars and just start thinking in terms of bitcoin buying power, then it would become money.
This is not impossible. If there is ever a major crackdown on the economy and, say, price controls and major black market activity develops, bitcoins could become an alternative currency.
Thus, I am not saying bitcoins won't become money, but they are not now. And I don't see it occurring in the short term at all. In the long term, there is a slim chance. More likely, bitcoin could become a popular method to facilitate safe, secure transactions, rather than become a money. Full Interview: http://dailybell.com/28719/Anthony-Wile-Robert-Wenzel-on-His-Economic-Policy-Journal-Elite-Memes-and-the-Expanding-American-Empire I wonder in his actual opinion if we have to stop it 'ever' or 'forever' because some people have sometimes done that. I think it's kind of a silly idea though. If I ever find myself in a land that uses Euros I'll be converting it in my head to dollars not because Euros aren't money but because I spend most of my time in a place that uses dollars. The existence of some people who don't do that doesn't seem very important. Suppose there was a place where no one lived but only vacationed (humor me, even the workers only stay for one month shifts) everyone would always be thinking of the currency there as foreign and doing conversions but that money would still be a money. |
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whose value has skyrocketed 399,900% in one year. Oh really?? |
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Created my account yesterday to try out the site. Took some time getting used to the client, and the overall user experience is not the best, but still a cool thing to be able to play for BTC! New account good streak rig didn't hurt either..!  Let's get the traffic up and some more tourneys on Euro prime time and we're good! Welcome, we're working on the tourney schedule, what is your preferred buyin and time of day? |
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$100 is not very creative dreaming.
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Do you really want a house that has a market price of 0 by the way? A 'house' is not always a house.
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So that they can blame their ultimate failure on bitcoin when actually carrying paper all over the place is now stupid?
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Great prediction! You surely have a point when you say that Bitcoin will hit 100 usd by April 31st. As a matter of fact April has only 30 days..... duh!  This should give a pretty good indication about the level of "irrational exuberance" we joined so far. Beware son..... So you agree? The price will be $100 before the date will be April 31st? |
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"True" "Hoarders" don't sell at all.
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There are two tournaments in the lobby, including the Monday PLO, that are in the past. There is no Monday PLO scheduled for tonight, even though it's Monday.
Thanks and sorry for the confusion. The Monday PLO will be weekly at 11pm ET with 6max tables and a 5000 guarantee. |
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Sounds like a solid philosophy, and you're definitely right... don't bet more than you can afford to lose comfortably.
This is super common advice, I don't mean to pick on you at all. I think it's terrible. What's wrong with taking chances, risking pain? Does this advice mean that you shouldn't hike in the wilderness or ever ride in a car? You could lose your whole life. Besides that, whatever you do has some total risk. Leaving your wealth in the generally accepted forms just means that if you get wiped out so will everyone who might be able to help you. Be bold, temper it with a little thought. No matter what you do you could lose everything. |
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While I was listening to this guy claim we wouldn't be buying meals and hats for bitcoin any time soon I was wearing a hat bought with bitcoin and I ate a bitcoin bought pizza that night.
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You don't make hardly anything that you use yourself and most of it works great. And $1200 or whatever is hardly out of reach for home production anyway.
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Hi guys
Just wanted to see why the price is justified with Bitcoin? Because its a very high price right now, $27.00
Bitcoin at the end of the day has no intrinsic value. Its not a tangible thing like gold. Its just some bits in a computer. If one day everyone decided that it was a total waste of time and had no value, the value of it would go to $0 and everyone who bought the coins would loose their money.
You are right, Bitcoin do not have a tangible format, but you could try cacasius coin and see if it makes you feel better  https://www.casascius.com/And it is produced by mathematical calculation which is extremely hard. Try to hash a block with a pen and a paper by yourself and you will understand why $27 is almost nothing compared to the amount of effort involved (and energy/heat used) in generating a bitcoin People's value changes over time depends on technology and environment change. 200 years ago, if you dig out some petroleum, it worth very little, but now people spend huge amount of resource searching for it... I'll pay double for a coin if you show your work on paper. |
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