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Author Topic: The single most important thing behind any cryptocurrency is...  (Read 1440 times)
hate_the_face (OP)
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July 04, 2013, 03:27:02 PM
 #1

A way to convert cash into the currency in question.

Period.

Anyone who thinks these coins aren't being driven up in price because they are used to launder money and/or buy illegal products on the internet is delusional

Sorry, but whether you agree with it or not that is what is going on. The only reason people buy any coin as an investment is because they think more people will buy drugs. The silent majority of people who actually spend these coins are drug users who want a way to convert small amounts (relatively speaking) of their home currency into a way to purchase drugs they do not have access to in their area.

Which is why it is naive to think Bitcoin is better than Litecoin simply because there is less in existence and it was first.

buy coins with cash, send to website on TOR, spend on drugs

it's the same process for any coin, Litecoin just does it 4 times faster

Get your heads out of the sand
eule
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July 04, 2013, 03:43:18 PM
 #2

http://www.youtube.com/watch?v=Uh7l8dx-h8M
Also I doubt SilkRoad and Atlantis have that much of an influence.

aa
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July 04, 2013, 04:03:58 PM
 #3

Hey OP, does your caretaker know you're on the Internet? How did you get your mittens off?

Breen2543
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July 04, 2013, 05:07:16 PM
 #4

The most important thing behind a crypto is what that crypto has to offer specifically for the individual getting involved, tailored to his own preference. Not what OP said.
wetroof
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July 04, 2013, 05:21:26 PM
 #5

OP needs to work on how he approaches people and engages them in dialogue.
hate_the_face (OP)
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July 04, 2013, 05:29:59 PM
 #6

my bad, I forgot all those people that invested in Bitcoin because of the algorithm...
autodidactic
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July 04, 2013, 05:54:19 PM
 #7

Anyone who thinks these coins aren't being driven up in price because they are used to launder money and/or buy illegal products on the internet is delusional

Number one currency in money laundering & buying illegal products in the world is the US Dollar.

Did you sit in your living room with your big Mac watching CNN and honestly buy into that bullshit propaganda?
Do us a favor; unless you're going to pick up a book on economic theory (i recommend anything by Frederick Bisait  and Mieses)
go ahead and take your willfully ignorant ass back to the couch while we change the world by providing sound money and returning prosperity back to the public.

 

LZKRTwu1jUM8MphtJox54hHmXH4SiNTron
asically
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July 04, 2013, 05:54:58 PM
 #8

Sad but true.

At the time Satoshi simply wanted to buy Adderall anonymously.
autodidactic
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July 04, 2013, 05:56:37 PM
 #9

Centralized currencies are robbing the public blind through the means of fractional banking and reserve lending. You seriously need to get your head out of your ass and understand how deflationary currencies like bitcoin will return prosperity back to the people.

http://t.co/2GPq0fxBEv

LZKRTwu1jUM8MphtJox54hHmXH4SiNTron
hate_the_face (OP)
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July 04, 2013, 06:30:16 PM
 #10

you guys are so delusional it's funny

ask 10 people on the street what a bitcoin is

You'll be lucky to find 1 who can even pronounce it

you aren't anything but a way for people to get drugs

accept that and act accordingly

of course satoshi didnt intend for this to happen, but neither did the guy who invented the little roses they sell in vials at gas stations
xan_The_Dragon
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July 04, 2013, 06:41:39 PM
 #11

no devs is

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hate_the_face (OP)
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July 04, 2013, 06:45:36 PM
 #12

if it is truly a free and decentralized market as you guys say, why does ONE website have such a HUGE influence on it?

mr_random
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July 04, 2013, 06:51:07 PM
 #13

The single most important thing behind any cryptocurrency is... whether Fontas decides to pump you or not.
hate_the_face (OP)
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July 04, 2013, 06:52:58 PM
 #14

https://forum.litecoin.net/index.php?topic=4698.0

o rly?
digitalindustry
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July 05, 2013, 05:42:55 AM
 #15

Hey OP, does your caretaker know you're on the Internet? How did you get your mittens off?

OP is either wildly confused , (see aa comment above) , or purposely trying to associate Cryptocurrency with Drugs (unlikely) or has just today discovered the basic principals of economics.

this in many ways saddens me a little bit , because while he's thinking its all a "Drug conspiracy" maybe its the Drugs he should be taking to make him see its not.

who knows these things?

what i do know however is , that you do not know what your talking about and while your opinion is interesting , its also easy to disprove , which will ultimately cause you embarrassment.

but with that will come a learning , so onward we march.   

- Twitter @Kolin_Quark
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July 05, 2013, 06:43:05 AM
 #16

Single most important thing is SECURITY.

digitalindustry
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July 05, 2013, 07:21:15 AM
 #17

Single most important thing is SECURITY.

+1

only as it relates to confidence.

- Twitter @Kolin_Quark
hate_the_face (OP)
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July 05, 2013, 01:14:21 PM
 #18

Ok you guys keep living in a fantasy land

take away the drug marketplaces and bitcoin (or any coin for that matter) isn't anything more special than a Free-to-play MMO currency

digitalindustry
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July 05, 2013, 01:55:14 PM
 #19

Ok you guys keep living in a fantasy land

take away the drug marketplaces and bitcoin (or any coin for that matter) isn't anything more special than a Free-to-play MMO currency



{sigh}

where do they come from ?

- Twitter @Kolin_Quark
hate_the_face (OP)
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July 05, 2013, 02:37:19 PM
 #20

how about the real world? Where bitcoin is nothing more than a buzz word right now. Nobody is actually spending any substantial amounts, they are just speculating on the price.

The ones who are actually SPENDING coins, is the silent majority I referred to in the OP.

to reference a quote a lot of hipsters probably adore on this website

Quote
Look, the people you are after are the people you depend on. We cook your meals, we haul your trash, we connect your calls, we drive your ambulances. We guard you while you sleep. Do not... fuck with us.

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