Taras
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 Offline
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
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March 06, 2014, 10:54:36 PM |
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"Bitcoin is bankrupt" (ie she heard about Gox) and "It is used by drug dealers" (ie. Silk Road).
These two things. Dumbest and most popular misconceptions. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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glendall
Legendary
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Activity: 2100
Merit: 1018
Sugars.zone | DatingFi - Earn for Posting
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March 06, 2014, 11:05:33 PM |
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That bitcoin's value isn't 'based on anything' ...... when in comparison to fiat currency.
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NCM
Jr. Member
Offline
Activity: 40
Merit: 100
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March 06, 2014, 11:22:47 PM |
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That Satoshi Nakamoto is his real name.  |
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farlack
Legendary
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Activity: 1311
Merit: 1000
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March 06, 2014, 11:27:25 PM |
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I sell ecigs at a local market, I have a bitcoin sign, and a woman walking past said "Don't accept bitcoin its not real money" I responded, I used to sell these for 3 BTC each all the time ($45) and sold them for $1000 each coin. She just looked at me, then walked away.
lol.
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dogechode
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March 07, 2014, 07:36:17 AM |
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Well, sure bitcoin is used by drug dealers - along with every currency on the planet, basically.
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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March 08, 2014, 03:21:45 PM |
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Well, sure bitcoin is used by drug dealers - along with every currency on the planet, basically.
Exactly. Mostly cash. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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RobFordWotWot
Sr. Member
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Activity: 280
Merit: 250
time
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March 08, 2014, 05:31:26 PM |
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Well, sure bitcoin is used by drug dealers - along with every currency on the planet, basically.
Exactly. Mostly cash. I sell drugs for pogs. |
Horses in midstream.
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BTCisthefuture
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March 08, 2014, 05:58:19 PM |
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i cant do just one... theres too many funny things people have said directly to my face.
in no order:
* bitcoin is only used for buying drugs online
* bitcoin got hacked, everyone lost their money
* the creator of bitcoin got in a high speed car chase and the police were called to his house, whats he trying to hide?
* it's a scam... youll see!
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tkbx
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March 09, 2014, 04:42:19 AM |
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Various news sources have declared Bitcoin "dead" multiple times. I forget the name, but one claimed Bitcoin was "dead" on no less than three occasions over the years. It's as though they don't realize people can go back and read the articles later on.
There was also that time that some major news agency claimed that "sure, Bitcoin claims they won't print more money, but sooner or later they'll get greedy and screw over all their users". I'll see if I can find a link.
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fryarminer
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March 10, 2014, 01:30:33 PM |
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That bitcoin's value isn't 'based on anything' ...... when in comparison to fiat currency.
Next time someone says that to me, I'm going to respond: "Yeah, and what's gold's value based on? Gold's value isn't based on anything either!" The whole concept of having "value based on" something, is that paper money is paper money and is not worth more than paper. |
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dogechode
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March 10, 2014, 01:38:44 PM |
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That bitcoin's value isn't 'based on anything' ...... when in comparison to fiat currency.
Next time someone says that to me, I'm going to respond: "Yeah, and what's gold's value based on? Gold's value isn't based on anything either!" The whole concept of having "value based on" something, is that paper money is paper money and is not worth more than paper. Both of those statements are false. Gold is valuable because it is rare, prized for it's beauty, it has very useful properties such as its conductivity making it useful in certain (expensive) applications, etc... Fiat currency is backed by a government, protecting its holders from complete devaluation except in the event of that government's collapse. Think what you will about governments and fiat currency, but that is the truth. Can they print more and de-value it? Sure. But it can never go down to zero (cryptos can and do) and if fiat goes down too much the government can step in and try to improve the situation. |
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TheSmo
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March 10, 2014, 01:56:40 PM |
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That bitcoin's value isn't 'based on anything' ...... when in comparison to fiat currency.
Next time someone says that to me, I'm going to respond: "Yeah, and what's gold's value based on? Gold's value isn't based on anything either!" The whole concept of having "value based on" something, is that paper money is paper money and is not worth more than paper. Both of those statements are false. Gold is valuable because it is rare, prized for it's beauty, it has very useful properties such as its conductivity making it useful in certain (expensive) applications, etc... Wrong. Example: some natives gave away the gold in return of glass fake jewellery. So gold price is not valued on anything fixed. I personally don't want to wear gold rings, so I would pay less for a ring of gold than my wife... if I had the choice, which I don't have, when my wife wants that ring, lol  . |
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sgravina
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March 10, 2014, 02:32:47 PM |
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A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. |
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Peter Lambert
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March 10, 2014, 03:49:40 PM |
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A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. How is that a stupid comment? Is that a quote from the original Bitcoin Whitepaper? |
Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us |
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RobFordWotWot
Sr. Member
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Activity: 280
Merit: 250
time
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March 10, 2014, 04:17:06 PM |
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Well the bitcoins are being hacked, their code isn't very secure if people are cracking it!
or
Well you have to be able to exchange them for money, otherwise what's the point. You're saying people will pay you money for something you got for free?
or
One bitcoin is going to be worth millions of dollars some day.
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Horses in midstream.
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mustyoshi
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March 10, 2014, 04:39:39 PM |
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I've heard so much stupid stuff from both sides of the fence.
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SirWilliam
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March 10, 2014, 05:20:53 PM |
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"Dorian Nakamoto's hat looks a lot like the anarcho-capitalist flag"  sorry if that's already been mentioned... |
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farlack
Legendary
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Activity: 1311
Merit: 1000
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March 10, 2014, 05:59:51 PM |
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Not sure if the thread got derailed but here goes.
My dad claims to be big high roller blah blah stock and gold and bankflow, so back when btc was around $15 I told him about it, we argued for a few hours, let it go and went home, a little longer later, I'm trying to convince him to get some $40, "shoudlda bought 1k at $15 etc" well is not backed by anything blah blah, 2 years later I'm still trying to convince him to buy some I'm like fuck sakes dad if you woulda bought 1k for $15 you could have sold for 1.2mil. nope still not buying it, ignorant high roller attitude, he texted me the other day trying to gloat and brag in my face he said "BITCOIN JUST FILED FOR BANKRUPTCY HOW ABOUT THAT INVESTMENT!" I responded, no that was an exchange, no one owns bitcoin, an exchange collapsed and filed that. Everyone owns bitcoin, you could too. he replys "....."
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bbeagle
Member
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Activity: 63
Merit: 10
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March 10, 2014, 06:11:51 PM |
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if you woulda bought 1k for $15 you could have sold for 1.2mil. There should be thousands of people out there who have cashed out and are bitcoin millionaires. There should be lots of people cashing a few out to buy houses, cars, yachts, pay off all their bills. I don't know of ANY. It seems that on PAPER you can be a millionaire, but it's damn near impossible to actually cash these things out in big amounts into fiat currency. This, to me, is a very huge sign that bitcoin's value is not what the exchanges say it is. |
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RobFordWotWot
Sr. Member
Offline
Activity: 280
Merit: 250
time
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March 10, 2014, 06:15:06 PM |
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if you woulda bought 1k for $15 you could have sold for 1.2mil. There should be thousands of people out there who have cashed out and are bitcoin millionaires. There should be lots of people cashing a few out to buy houses, cars, yachts, pay off all their bills. I don't know of ANY. It seems that on PAPER you can be a millionaire, but it's damn near impossible to actually cash these things out in big amounts into fiat currency. This, to me, is a very huge sign that bitcoin's value is not what the exchanges say it is. Adding this to the list of stupid things I've heard about bitcoin. "I don't know of..." does not imply they aren't out there. Bitcoin is overpriced though. |
Horses in midstream.
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