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Question: Silk road bust: bearish or bullish?
Bearish for bitcoin, shrinking the btc economy. - 9 (14.8%)
Bullish for bitcoin, removing a dangerous association. - 35 (57.4%)
Something else. - 17 (27.9%)
Total Voters: 61

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Author Topic: Silk road bust: bearish or bullish?  (Read 1968 times)
derpinheimer
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October 16, 2013, 09:48:53 PM
 #21

Nobody sells lobster dinners for mtgoxUSD.

Who cares?  Restaurants are accepting BTC.
And why would I pay in Bitcoin?
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notme
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October 16, 2013, 09:52:03 PM
 #22

BEARISH IN THE MOST EXTREME WAY!

I think all the people who think bitcoins are going to revolutionize the world are the ones on drugs. Its a boiler room scam that several exchanges are making a boatload of money off of. Any recourse if anything goes wrong? NO! Have fun!

Roll Eyes

.... So why are you here?

I think I just like to be a dick. I want to burst every bulls bubble on here.

We'll you'd have to see price fall below 0 to put me at a loss Wink.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
derpinheimer
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October 16, 2013, 09:57:33 PM
 #23

BEARISH IN THE MOST EXTREME WAY!

I think all the people who think bitcoins are going to revolutionize the world are the ones on drugs. Its a boiler room scam that several exchanges are making a boatload of money off of. Any recourse if anything goes wrong? NO! Have fun!

Roll Eyes

.... So why are you here?

I think I just like to be a dick. I want to burst every bulls bubble on here.

We'll you'd have to see price fall below 0 to put me at a loss Wink.

How's that work? Free electric and all mined coins?

If so, your hardware lifespan is reduced, for a very tiny loss at $0 :p
notme
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October 16, 2013, 10:01:25 PM
 #24

BEARISH IN THE MOST EXTREME WAY!

I think all the people who think bitcoins are going to revolutionize the world are the ones on drugs. Its a boiler room scam that several exchanges are making a boatload of money off of. Any recourse if anything goes wrong? NO! Have fun!

Roll Eyes

.... So why are you here?

I think I just like to be a dick. I want to burst every bulls bubble on here.

We'll you'd have to see price fall below 0 to put me at a loss Wink.

How's that work? Free electric and all mined coins?

If so, your hardware lifespan is reduced, for a very tiny loss at $0 :p

I mined my btc with GPUs bought specifically for bitcoin in early 2010.  I have since sold enough bitcoin to cover the hardware and electrical costs, plus I have sold the GPUs as well for about 50% of what I paid.  Even if every bitcoin I have is worthless, I have taken more USD out than I put in.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
fleabag
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October 16, 2013, 10:51:55 PM
 #25

BEARISH IN THE MOST EXTREME WAY!

I think all the people who think bitcoins are going to revolutionize the world are the ones on drugs. Its a boiler room scam that several exchanges are making a boatload of money off of. Any recourse if anything goes wrong? NO! Have fun!

Roll Eyes

.... So why are you here?

I think I just like to be a dick. I want to burst every bulls bubble on here.

We'll you'd have to see price fall below 0 to put me at a loss Wink.

How's that work? Free electric and all mined coins?

If so, your hardware lifespan is reduced, for a very tiny loss at $0 :p

I mined my btc with GPUs bought specifically for bitcoin in early 2010.  I have since sold enough bitcoin to cover the hardware and electrical costs, plus I have sold the GPUs as well for about 50% of what I paid.  Even if every bitcoin I have is worthless, I have taken more USD out than I put in.

Do you have a price you are holding til?
notme
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October 16, 2013, 11:17:15 PM
 #26

BEARISH IN THE MOST EXTREME WAY!

I think all the people who think bitcoins are going to revolutionize the world are the ones on drugs. Its a boiler room scam that several exchanges are making a boatload of money off of. Any recourse if anything goes wrong? NO! Have fun!

Roll Eyes

.... So why are you here?

I think I just like to be a dick. I want to burst every bulls bubble on here.

We'll you'd have to see price fall below 0 to put me at a loss Wink.

How's that work? Free electric and all mined coins?

If so, your hardware lifespan is reduced, for a very tiny loss at $0 :p

I mined my btc with GPUs bought specifically for bitcoin in early 2010.  I have since sold enough bitcoin to cover the hardware and electrical costs, plus I have sold the GPUs as well for about 50% of what I paid.  Even if every bitcoin I have is worthless, I have taken more USD out than I put in.

Do you have a price you are holding til?

No.  I have most in long term, offline storage.  I will only break into them if I can use less than 1/3 to completely pay off all my student loans.  I have a few in various bitcoin-based ventures, and I run a market making bot with a few.  At the moment, I am back in school getting a masters in CS, including a teaching position, so I don't need my bitcoins to fund my lifestyle.  Before I was in school, I did freelance programming, including some jobs that paid bitcoin.  I will likely go back to that when I am done, and hopefully I can work primarily for BTC.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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