Bitcoin Forum
December 10, 2016, 11:15:46 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin mining is not work. It's pure stupidity.  (Read 1065 times)
Faisal7
Newbie
*
Offline Offline

Activity: 28


View Profile
June 03, 2012, 12:25:19 AM
 #1

Lmao...

The more I think about this dumb Bitcoin, I continue to discover further and further how dumb it is.

1ZgMkR6iRRkyWGDyM48G5wqUepMD1KCuJ
1481368546
Hero Member
*
Offline Offline

Posts: 1481368546

View Profile Personal Message (Offline)

Ignore
1481368546
Reply with quote  #2

1481368546
Report to moderator
1481368546
Hero Member
*
Offline Offline

Posts: 1481368546

View Profile Personal Message (Offline)

Ignore
1481368546
Reply with quote  #2

1481368546
Report to moderator
1481368546
Hero Member
*
Offline Offline

Posts: 1481368546

View Profile Personal Message (Offline)

Ignore
1481368546
Reply with quote  #2

1481368546
Report to moderator
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481368546
Hero Member
*
Offline Offline

Posts: 1481368546

View Profile Personal Message (Offline)

Ignore
1481368546
Reply with quote  #2

1481368546
Report to moderator
1481368546
Hero Member
*
Offline Offline

Posts: 1481368546

View Profile Personal Message (Offline)

Ignore
1481368546
Reply with quote  #2

1481368546
Report to moderator
NothinG
Hero Member
*****
Offline Offline

Activity: 560



View Profile
June 03, 2012, 12:28:28 AM
 #2

Lmao...

The more I think about this dumb Bitcoin, I continue to discover further and further how dumb it is.
Yet it's worth roughly $5/bitcoin, so technically; it is work.

the joint
Legendary
*
Offline Offline

Activity: 1792



View Profile
June 03, 2012, 12:29:46 AM
 #3

Is this Atlas gone bonkers?

paraipan
Legendary
*
Offline Offline

Activity: 924


Firstbits: 1pirata


View Profile WWW
June 03, 2012, 12:30:19 AM
 #4


BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
dreamwatcher
Legendary
*
Offline Offline

Activity: 1050


View Profile WWW
June 03, 2012, 12:39:39 AM
 #5

Hmm..troll or not?

Bitcoins have value, one can convert them into other currency quite readily.

To mine Bitcoins, one has to use a resource (electricity) to do work (generate hashes) to come up with a product (correct hash within the difficulty requirement).

Sounds like work to me.

Personal work in mining includes equipment setup and upkeep, no mining setup is going to run for any length of time without some maintenance.
Wise investment in new equipment and replacing broken equipment is essential in maintaining and growing ones Bitcoin mining venture.

At least bitcoins are based on some work, almost all the "official" currencies are merely fiat that the controlling bodies (governments, banks) print or mint at will with no real backing or work involved.Add to that the "fractional" banking system that produces "credits" out of thin air with no assets to back them, not even fiat currency.

Bitcoins sound better and better to me.
the joint
Legendary
*
Offline Offline

Activity: 1792



View Profile
June 03, 2012, 12:46:09 AM
 #6

Hmm..troll or not?

Bitcoins have value, one can convert them into other currency quite readily.

To mine Bitcoins, one has to use a resource (electricity) to do work (generate hashes) to come up with a product (correct hash within the difficulty requirement).

Sounds like work to me.

Personal work in mining includes equipment setup and upkeep, no mining setup is going to run for any length of time without some maintenance.
Wise investment in new equipment and replacing broken equipment is essential in maintaining and growing ones Bitcoin mining venture.

At least bitcoins are based on some work, almost all the "official" currencies are merely fiat that the controlling bodies (governments, banks) print or mint at will with no real backing or work involved.Add to that the "fractional" banking system that produces "credits" out of thin air with no assets to back them, not even fiat currency.

Bitcoins sound better and better to me.


More than that -- Bitcoin is based on the people.  Only peer-to-peer miners hit the 'GO' button.  Without miners there are no transaction confirmations, and without transaction confirmations Bitcoin loses all of its confirmed value.  It's the people's money.

BCMan
Hero Member
*****
Offline Offline

Activity: 527



View Profile
June 03, 2012, 12:57:34 AM
 #7

Lmao...

The more I think about this dumb Bitcoin, I continue to discover further and further how dumb it is.
Then wtf are you doing here? Get lost.

Newar
Legendary
*
Offline Offline

Activity: 1162


https://gliph.me/hUF


View Profile
June 03, 2012, 01:01:13 AM
 #8

Why are you still here then?

Thanks for the ignore button.

OTC rating | GPG keyid 1DC91318EE785FDE | Gliph: lightning bicycle tree music | Mycelium, a swift & secure Bitcoin client for Android | LocalBitcoins
nimda
Hero Member
*****
Offline Offline

Activity: 784


0xFB0D8D1534241423


View Profile
June 03, 2012, 01:01:41 AM
 #9

Seems to be a butthurt troll pissed that he either 1) lost money or 2) wasn't an early adopter.
Boo hoo hoo Roll Eyes

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
sTtp
Newbie
*
Offline Offline

Activity: 7


View Profile
June 03, 2012, 01:18:57 AM
 #10

Lmao...

The more I think about this dumb Bitcoin, I continue to discover further and further how dumb it is.

Silly OP is silly.
Graet
VIP
Legendary
*
Offline Offline

Activity: 980



View Profile WWW
June 03, 2012, 01:31:53 AM
 #11

LMAO the more i read Faisal7's threads I wonder at his definition of stupidity.

Some would say doing the same thing over and over again and getting no result is a definition of stupidity.
Like posting over and over threads like this, who are you trying to convince? what is your authority for your many (baseles) claims?, you ask a question and when a respected community member takes time to respond to your obvious troll you say "nothing was said here"?

so anyway this weeks stupidity award goes to Faisal7 - congrats man, go get a life Smiley

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
June 03, 2012, 01:47:34 AM
 #12

Some would say doing the same thing over and over again and getting no result is a definition of stupidity.
What does that say about the people who reply to someone like that?
punningclan
Sr. Member
****
Offline Offline

Activity: 284


Making a better tomorrow, tomorrow.


View Profile
June 03, 2012, 02:23:41 AM
 #13

Lmao...

The more I think about this dumb Bitcoin, I continue to discover further and further how dumb it is.

You'll do fine with Fiat then. Since they are all in incredibly huge and sensible amounts of debt you ought to feel really comfortable there. You have to love all those fees; And the tax man, let me tell you about the tax man, he is the most rational of all and must know you precisely since he's so accurate and demanding. The banks and bankers, of course, such wonderful giving and generous people and institutions, they need all the fees and penalties they can get because of their generosity. In thirty years or so you'll be feeling even better sitting down to your $500 movie and 16 ounce cup of soda (no 24 oz cups allowed! Because that's such a sensible idea also.) content in the knowledge your 100* more expensive life is worth all those bits of paper.

Why didn't I realize what a silly idea this is?
 
Thank you for the enlightening, if ever so slightly sparse and devoid of content, comments. Embarrassed


It was a cunning plan to have the funny man be the money fan of the punning clan.
1J13NBTKiV8xrAo2dwaD4LhWs3zPobhh5S
John (John K.)
Global Troll-buster and
Legendary
*
Offline Offline

Activity: 1092


Will read PM's. Have more time lately


View Profile
June 03, 2012, 02:34:35 AM
 #14

LMAO the more i read Faisal7's threads I wonder at his definition of stupidity.

Some would say doing the same thing over and over again and getting no result is a definition of stupidity.
Like posting over and over threads like this, who are you trying to convince? what is your authority for your many (baseles) claims?, you ask a question and when a respected community member takes time to respond to your obvious troll you say "nothing was said here"?

so anyway this weeks stupidity award goes to Faisal7 - congrats man, go get a life Smiley

OP is an account primarily designed for trolling. See his past posts.

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

Gladamas
Sr. Member
****
Offline Offline

Activity: 294


Bitcoin today is what the internet was in 1998.


View Profile
June 03, 2012, 07:24:57 AM
 #15

OP is an account primarily designed for trolling. See his past posts.
^^^ This.

1GLADMZ5tL4HkS6BAWPfJLeZJCDHAd9Fr3 - LQ6Zx8v7fHVBiDX5Lmhbp6oEDB7dUFjANu
GPG 0xF219D5BB3C467E12 - Litecoin Forum
Kansattica
Member
**
Offline Offline

Activity: 112


Don't get eaten by wolves!


View Profile WWW
June 03, 2012, 08:23:54 AM
 #16

I don't know about you all, but it's kinda fun to see mister OP here fail.

Shocking, obligatory charity code:
1Gimmiec4KSrcKR3t6xoReJd4rNGt8zM58

Free BTC every hour:
http://mycryptcoin.com/?rid=1CccBJE7BCTJEvRN9Uxfgwbr11fSaUvjFe

And why not free Bitcoins?
https://bitcointalk.org/index.php?topic=83057

Great (read: best) old computer games for BTC:
https://bitcointalk.org/index.php?topic=85347.0
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!