WOW, i really am dealing with complete morons! If anyone likes Amsterdam coffeeshops
and bitcoins, please join the forum is question.
http://coffeeshopdirect.info/viewtopic.php?f=3&t=24514&start=15forum member 2
How exactly is the supply of bitcoins increased?
We know the federa reserve prints more when more is needed. We know precious metals are physical assets pulled from the ground... You say bitcoins are mined?.. Uhh no. I think they just issue more when needed but it's more transparent? And perhaps not as often?
my reply
Sorry I am afraid you obviously know nothing about bitcoin if you think they are not mined and are issued freely as an when. Bitcoin has a market cap of 21million coins and it is mined not issued by a central authority, maybe try reading a little before you think then type.
another forum member
I know bitcoins are bits of code so to speak, "mined" or created by running staggering amounts of bitcoin transaction data, thereby underpinning the creation of more bitcoins but I cant get away from the feeling that it's major value at this time is for off the radar shopping, and of course the bitcoin dealers. I wonder how much of the transaction data relates just to bitcoin dealing.
Hey I aint dishing it by the way, my knowledge is limited to what I read on Wiki.
http://en.wikipedia.org/wiki/Bitcoin I'm interested in it though and I shall continue to follow it's career. Will this be the one that rules the planet by 2140 when they stop mining :?:.
my reply
Minining might stopbhefore 2140, the hashing power added to the network increases difficulty of mining, every 4 years the block reward is halved, eventually it may be so difficult to mine the last coins may never be brought to light, just as we may never mine all the gold on the planet, the more gold mined the more difficult it is to find.
If you have any questions about btc please ask and I will do my best to answer them, be that online or face to face enjoying a spliff, i am by no means an expert but i have more experience and understanding than most.
Also in regard to btc transactions in terms of buying things, its the same as gold, you cant just walk into a albert heijn and spend gold.
the majority if gold transactions are in regard to investment, I would say the same for btc at the moment
member 2
elasticband wrote:
If you have any questions about btc please ask and I will do my best to answer them, be that online or face to face enjoying a spliff, i am by no means an expert but i have more experience and understanding than most.
Oh you mean how you told me to think and read before I post? Fuck off. Chances are I've forgot more than you know. I havnt read up on bitcoin because you can't put it in my hand THEREFOR its NOT mind. Just because they devised a way to slowly trickle out artificial/digital currency in seemingly honest way doesn't mean as much if it can't be put in my hand. You have knowledge but do you have wisdom?
A bird in the hand is worth 2 in a bush.
Bitcoin is an alternative to centeral banks. Despite its flaws that is good and it did break the mold. A key piece to ever evolving history. I'm on your side so don't take it all to serious guy.
Time to smoke one :mrgreen:
my reply
Oh you mean how you told me to think and read before I post? Fuck off.
I told you to read before coming out with misinformation, the statements you came out with regarding bitcoin were incorrect, thus i told you to read before posting. No need to start telling people to fuck off
also you can hold bitcoin in your hand if you choose too, again your information is flawed, maybe just do some reading before you keep typing? I can answer questions, i don't really want to keep telling you that your information is wrong though.
Quote:
Fuck off. Chances are I've forgot more than you know. I havnt read up on bitcoin because you can't put it in my hand THEREFOR its NOT mind.
thank you for admitting you know nothing about what you speak +5
forum member 1
+5
to be fair elasticband your original replies to both me and redeyezman were rather condescending, but your posts since have actually been quite informative, because as you so eloquently pointed out, i know shit all about bitcoins! :mrgreen:[/quote]
my reply
My original posts may have come of as condescending, but sadly both of your posts was full of misinformed trash slating something i am quite interested in. I don't care if you trust or like bitcoin, i care about people being highly misinformed.
Thank you for admitting when you are wrong though, it takes a big person to publicly do so!
