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Author Topic: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.  (Read 4521 times)
RodeoX
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August 22, 2012, 03:52:51 PM
 #21

Yeah, except that Bitcoin cannot be shut down because it is decentralized - big difference from eGold.
+1
That makes bitcoin nothing like eGold.

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interlagos
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August 22, 2012, 03:53:29 PM
 #22

i herd rumors the govt is going to shut down and seize all bitcoin servers from the owners next month!

That's unnecessary, all they have to do is raid the Bitcoin offices and shut down their building. Bitcoin is history...  Grin

Yes, and arrest the Bitcoin CEO...
cypherdoc
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August 22, 2012, 03:59:53 PM
 #23

Bitcoin is an impressive enough innovation that I do not think governments would try and shut it down unless it became a hotbed of criminal activity.
Your understanding of the goals and motivations of the people which make up governments appears to be based on a fairy tale.

As soon as Bitcoin grows to the point at which it can support large scale money laundering it will be useful for moving kickbacks, bribes and misappropriated funds, at which point politicians and bureaucrats will enthuastically embrace it.

nice.
RodeoX
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August 22, 2012, 04:08:29 PM
 #24

i herd rumors the govt is going to shut down and seize all bitcoin servers from the owners next month!
I also heard the pyramids were built by aliens. The world is full of B.S. You should ask the fool who told you that "what servers, there are no bitcoin servers?" And how are they going to get the bitcoins back when no one even knows who owns them? Are they coming to peoples houses to look for USB sticks? Also, will we be invading other countries to get them?
Sorry bro, but I gota roll my eyes at this one. Roll Eyes

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Boussac
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August 22, 2012, 04:12:30 PM
 #25

yet another thread where the OP makes a FUD statement and then disappears unwilling to defend his position b/c he knows he can't.

+1
Lots of redundant FUD in trollish threads

justusranvier
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August 22, 2012, 05:03:17 PM
 #26

Just think of the embarassment Bitcoin could have saved William J. Jefferson. Bitcoins are far easier to accept discretely than a freezer full of cash.
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August 22, 2012, 05:09:53 PM
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LR will be gone.
Pirate will be gone.
Bitcoin will remain standing.

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GernMiester
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August 23, 2012, 12:57:03 AM
 #28

Posted a while ago that BTC was like egold..  Everyone snickered.
 I sell coins almost as fast as I get them and have made real money. Sold at like 13 or something recently.  Thanks to the nitwits for buying my coins and losing at least 3 bucks on each one.. LOLOLOLOLOLOLOLOLOLOLOL.
Yeah sure, some cryptocurrency will replace fiat.. The average user cant even copy and paste among many other things but somehow they will use BTC.

Le Happy Merchant
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August 23, 2012, 03:48:16 AM
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Posted a while ago that BTC was like egold..  Everyone snickered.
 I sell coins almost as fast as I get them and have made real money. Sold at like 13 or something recently.  Thanks to the nitwits for buying my coins and losing at least 3 bucks on each one.. LOLOLOLOLOLOLOLOLOLOLOL.
Yeah sure, some cryptocurrency will replace fiat.. The average user cant even copy and paste among many other things but somehow they will use BTC.

ur a faget

BrannigansLaw
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August 23, 2012, 08:16:01 AM
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Posted a while ago that BTC was like egold..  Everyone snickered.
 I sell coins almost as fast as I get them and have made real money. Sold at like 13 or something recently.  Thanks to the nitwits for buying my coins and losing at least 3 bucks on each one.. LOLOLOLOLOLOLOLOLOLOLOL.
Yeah sure, some cryptocurrency will replace fiat.. The average user cant even copy and paste among many other things but somehow they will use BTC.



Yeah but the average user can still use a card for payments. I only really only pay in cash if I'm looking to haggle (its appealing) or buy sweeties Cheesy Who really uses cash nowadays? They only need to copy and paste for online payments.
rini17
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August 23, 2012, 08:33:59 AM
 #31

Yeah, except that Bitcoin cannot be shut down because it is decentralized - big difference from eGold.

True.  But lots of people can stop using and those that aren't yet can be motivated to avoid it if it's continually associated with scams and is a pain in the ass to use.
Ponzi schemes should not effect any true Bitcoin users. If you are in it for the Ponzis, and you loose out on a PONZI, then you have no valid argument. You got into these type of "investments" knowing the risks involved. If you are a true BTC holder the ponzis should not effect you.
I am inclined to disagree. I certainly affects the "true Bitcoin user" when:

* significant amount of bitcoins were stolen by hackers/scammers (my uneducated guess is that it's at least 10% of all coins at the moment) and can flood the market anytime they find suitable cash out method, causing market earthquakes/panics.

* I have to check every time my bitcoins aren't tainted before I deposit them to mtgox or similar place

I can manage around it because I follow the forums/irc every day. But for layperson any of this can be very nasty surprise. And all that assuming it's someone who knows how to securely use his/her wallet, don't let me even start about that!

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