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Old 06-09-2011, 04:32 PM   #1
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Is bitcoin godd or bad?

Is bitcoin a con?

I read people buying bitcoin in the belife these coins could be worth over 1 thousand usa dolloarts per coin.

Is there a security risk? For a start could somone create false coins and put them into there account?

If bitcoin takes off will it be a great way for criminals to make money, such as selling drugs as there is no cash.
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Old 06-09-2011, 04:32 PM   #2
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You're way too dumb to understand it. Thread Closed.
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Old 06-09-2011, 04:33 PM   #3
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Now ask yourself the same question about the USD or the Euro
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Old 06-09-2011, 04:35 PM   #4
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You're way too dumb to understand it. Thread Closed.
from what i get the coins are limited to somthing like 20 million and no more.

coins are created by minoirs who can keep the coins, but a system is in place so only so many are made per hour.
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Old 06-09-2011, 04:36 PM   #5
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A bitcoin is a coin, most new vending machines have been modified to accept them. As you mentioned, most street dealers use them too. Pretty rad.
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Old 06-09-2011, 04:37 PM   #6
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I do not care.
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Old 06-09-2011, 04:37 PM   #7
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A bitcoin is a coin, most new vending machines have been modified to accept them. As you mentioned, most street dealers use them too. Pretty rad.
i am in the uk.

i am not sure how its taking off.

it seems like its been around for two years but seems in the last few months to be taking off.
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Old 06-09-2011, 04:38 PM   #8
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from what i get the coins are limited to somthing like 20 million and no more.

coins are created by minoirs who can keep the coins, but a system is in place so only so many are made per hour.
Yeah miners can keep some coins but they also have expenses to pay so they do sell bitcoins on the market. Its not cheap running a mining rig. Hopefully the adult industry will find a way to use them. I know the gambling industry can certainly use them.

Last edited by mayabong; 06-09-2011 at 04:39 PM..
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Old 06-09-2011, 04:38 PM   #9
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Yeah my dealer just informed me he's accepting bitcoins only... I guess no more drugs for me.
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Old 06-09-2011, 04:40 PM   #10
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Once all drug dealers go full bitcoin the community will push out the sellers of poor quality product. Bitcoin gangstas that I know of don't even fuck around.
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Old 06-09-2011, 04:41 PM   #11
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could bitcoins save porn?

should ccbill take them as an option?

no more declines.

seems nice and simple.

for a digital world, where the product is digital, surly a digital payment is great.
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Old 06-09-2011, 04:42 PM   #12
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I am thinking bitcoin is a great way for people from such as china to buy porn.
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Old 06-09-2011, 04:46 PM   #13
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It's rapidly taking off:
http://www.google.com/trends?q=bitcoin
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Old 06-09-2011, 04:50 PM   #14
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Or will it simply be a bubble, like others bubbles we have had.

Everyone dashing out to by the coins in the belife they will be worth a fortune.

It reminds me of everyone dashing out and buying .com domain names that ended up weorth nothing.

The theory is having a set limit of coins at 20 million (or somthing) is suposed to stop that.

The idea is people will trade with .0000001 of a coin.
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Old 06-09-2011, 04:55 PM   #15
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Most people are ordering bitcoins online then using them for purchase from a local bitcoin only dealer then sell them to n00bs without the bitcoin connect for old paper money.

Then they take that and buy more bitcoins and repeat. Uptown NYC is full of bitcoin gangstas in luxury rides, be careful though.

Best of luck!
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Old 06-09-2011, 10:39 PM   #16
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I am thinking bitcoin is a great way for people from such as china to buy porn.
Show me paysites accepting bitcoins
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Old 06-09-2011, 10:46 PM   #17
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Show me paysites accepting bitcoins
its old content, but its there : www . bitcoinxxx . com
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Old 06-09-2011, 10:48 PM   #18
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A bitcoin is a coin, most new vending machines have been modified to accept them. As you mentioned, most street dealers use them too. Pretty rad.
yeah i use em myself, lighter than normal coins too heh
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