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Author Topic: Will bitcoin go below $10 by tomorrow morning?  (Read 3297 times)
kjj
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June 12, 2011, 04:35:17 PM
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Or maybe he traded some good or service for them.

p2pcoin: a USB/CD/PXE p2pool miner - 1N8ZXx2cuMzqBYSK72X4DAy1UdDbZQNPLf - todo
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June 12, 2011, 05:40:52 PM
 #22

I am philosophically against selling Bitcoins, I only buy.

I can honestly say that I have never exchanged a bitcoin for USD ever.  I am philosophically against buying or selling bitcoins with USD.  I only trade them for goods and services.

Then how do you get them in the first place? Either they were gifted or you have mining equipment that you at one time purchased with USD (perhaps before you considered it for mining).
most miners are gamers who bought their computer to game, mining is just a pure profit bonus.

If i wasnt mining i would still have this computer.

It's still a conversion from USD to bitcoins, because you didn't use bitcoins to get the computer.

No...I didn't buy a computer to game and no I didn't purchase mining equipment.

Or maybe he traded some good or service for them.

Bingo.  Honestly, although I'm a big supporter of bitcoin, I am honestly worried about the economy when I see so many posts from people who assume the only way to get bitcoins is through mining or speculative trade for USD.

"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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June 12, 2011, 05:54:20 PM
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For most people, mining and buying are the easiest ways to get them.  That will change over time as the market grows.  Penetration is low so far, so it is hard to work for coins directly, because finding people that know about and have coins is still rare.  This will improve.

p2pcoin: a USB/CD/PXE p2pool miner - 1N8ZXx2cuMzqBYSK72X4DAy1UdDbZQNPLf - todo
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June 12, 2011, 06:05:49 PM
 #24

buying tomorrow ....who would sell bitcoins ? that is just dumb haha ...
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