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revans (OP)
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November 30, 2013, 02:42:11 AM |
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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notme
Legendary
 Offline
Activity: 1904
Merit: 1002
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November 30, 2013, 02:45:43 AM |
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Lol. Yes, let's rely on a centralized entity to withstand attacks from banking cartels and governments. |
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chrsjrcj
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November 30, 2013, 02:49:32 AM |
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Shows how gold has zero portability. Why should I trust a 3rd party to hold my gold?
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revans (OP)
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November 30, 2013, 02:53:13 AM |
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Shows how gold has zero portability. Why should I trust a 3rd party to hold my gold?
You trust a 3rd party to write your Bitcoin client. |
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raskolnikovx
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November 30, 2013, 02:56:48 AM |
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How is this gold backed currency different to any of the conventional gold backed currencies?
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emanymton
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November 30, 2013, 02:58:22 AM |
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How is this gold backed currency different to any of the conventional gold backed currencies?
It's got a new hat  |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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November 30, 2013, 03:06:18 AM |
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Shows how gold has zero portability. Why should I trust a 3rd party to hold my gold?
You trust a 3rd party to write your Bitcoin client. No I don't. I can read the code and I am capable of understanding it. |
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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November 30, 2013, 03:08:33 AM |
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Shows how gold has zero portability. Why should I trust a 3rd party to hold my gold?
You trust a 3rd party to write your Bitcoin client. Good one..  |
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El Dude
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November 30, 2013, 03:20:02 AM |
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Bitcoin's nemesis
Litecoin.
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Bitcoin and Litecoin hodler
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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November 30, 2013, 03:30:31 AM |
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Bitcoin's nemesis
Litecoin.
A rip off that does everything worse is a nemesis? Sure it is great to make some money on but Litecoin is no nemesis. |
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revans (OP)
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November 30, 2013, 03:43:31 AM |
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Shows how gold has zero portability. Why should I trust a 3rd party to hold my gold?
You trust a 3rd party to write your Bitcoin client. No I don't. I can read the code and I am capable of understanding it. And what percentage of Bitcoin's userbase can understand source code? Even if reading it you need to have a high level of understanding to spot a well obfuscated block of code intended to do something nefarious. |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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November 30, 2013, 03:48:33 AM |
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Shows how gold has zero portability. Why should I trust a 3rd party to hold my gold?
You trust a 3rd party to write your Bitcoin client. No I don't. I can read the code and I am capable of understanding it. And what percentage of Bitcoin's userbase can understand source code? Even if reading it you need to have a high level of understanding to spot a well obfuscated block of code intended to do something nefarious. No idea. But how many people understand the code the banks use? Not very many because it is all closed shit. |
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Siegfried
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November 30, 2013, 03:49:29 AM |
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There is plenty of room in the post-fiat/fractional reserve financial system for both decentralized cryptocurrencies and commodity-backed digital currencies. Attacking the fiat system from multiple directions will only hasten its demise, which is ultimately more important than whether or not commodity-backed currencies take some of bitcoin's market cap. |
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Kazimir
Legendary
Offline
Activity: 1176
Merit: 1003
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November 30, 2013, 03:55:59 AM |
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http//www.zerohedge.com/news/2013-11-29/e-gold-founder-launches-new-gold-backed-currency
This will burn Bitcoin to the ground
Right. The Nth self made centralized virtual currency, printed at whim. Does *everything* wrong that Bitcoin does right. Yet it'll burn Bitcoin to the ground, no less. Good luck with that, sir! And what percentage of Bitcoin's userbase can understand source code? Even if reading it you need to have a high level of understanding to spot a well obfuscated block of code intended to do something nefarious. Even if they can't, at least they can trust thousands of other independent individuals who can. And who have been investigating Bitcoin *very* thoroughly. |
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El Dude
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November 30, 2013, 03:58:39 AM |
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Bitcoin's nemesis
Litecoin.
A rip off that does everything worse is a nemesis? Sure it is great to make some money on but Litecoin is no nemesis. yes faster transcations times are worse. we get it you have alot of btc and will protect it to the end. |
Bitcoin and Litecoin hodler
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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November 30, 2013, 03:59:28 AM |
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bitcon
Legendary
Offline
Activity: 2212
Merit: 1008
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November 30, 2013, 04:01:34 AM |
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and with the price of gold plunging why would anyone prefer this to bitcoin? nice try fud master, try harder. you have nothing positive to say here and we all know it.
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GriTBitS
Sr. Member
Offline
Activity: 448
Merit: 250
“A decentralized registry for unique assets”
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November 30, 2013, 04:38:00 AM |
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What is the going fiat rate for trolls these days? And do they pay benefits ?
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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November 30, 2013, 04:43:54 AM |
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 Well done. Somebody needed to pick up the slack since I stopped trolling around here. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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amencon
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November 30, 2013, 04:46:49 AM |
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Why does bitcoin need to be backed by anything?
Why doesn't whatever is backing something need to be backed by something else, itself?
This all re-curses down to the bullshit flawed "intrinsic value" argument doesn't it?
Sometimes it's fun to watch troll threads unfold, thanks for that at least revans.
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