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Old 08-06-2012, 12:41 PM   #1
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Bitcoins
Bitcoins should have disappeared by now, but have been thriving. Guess here's why

http://www.newscientist.com/blogs/on...n-illegal.html

It was probably customs inspections of the shipment that got this guy

http://www.afp.gov.au/media-centre/n...silk-road.aspx

But if you read the New Scientist article carefully there's a link to an old story. transactions can be traced

http://www.newscientist.com/blogs/on...ntly-anon.html
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Old 08-06-2012, 12:57 PM   #2
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BitCoins thriving?
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Old 08-06-2012, 01:04 PM   #3
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Old 08-06-2012, 01:14 PM   #4
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Bitcoins moooving
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Old 08-06-2012, 04:35 PM   #5
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Money Laundering and drug sales are pretty much the only sane reasons to use bitcoins.
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Old 08-06-2012, 04:46 PM   #6
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Money Laundering and drug sales are pretty much the only sane reasons to use bitcoins.
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Old 08-06-2012, 04:47 PM   #7
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Child porn and bomb making information are pretty much the only sane reasons to use Apache web server.
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Old 08-06-2012, 04:52 PM   #8
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My bad... I thought this was a thread where we say shit that is ridiculously incorrect.
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Old 08-06-2012, 04:53 PM   #9
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Money Laundering and drug sales are pretty much the only sane reasons to use bitcoins.
That and useless forex and currency speculation.

EUROS WONT BE WORTH SHIT NEXT YEAR!!!1!11!one

Yeah ok...
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Old 08-06-2012, 04:58 PM   #10
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Child porn and bomb making information are pretty much the only sane reasons to use Apache web server.
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Old 08-06-2012, 04:59 PM   #11
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Old 08-06-2012, 05:01 PM   #12
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Old 08-08-2012, 03:24 AM   #13
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That's how dollars are made. It does take some time and energy to make Bitcoins but you're too stupid to understand how it works.
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Old 08-08-2012, 03:50 AM   #14
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I guess all those hours spent reading about bitcoin were all for naught. I was under the impression bitcoins have no worth without actual currency. lol.

Thanks for pointing out my short comings, super genius Emil.
Last edited by Coup; 08-08-2012 at 03:59 AM..
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Old 08-08-2012, 03:53 AM   #15
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i like shitcoins...
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Old 08-08-2012, 03:54 AM   #16
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Wonder how many exchanges were "hacked" and how much internet play money was forever lost since this thread started....

LOL.
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Old 08-08-2012, 03:55 AM   #17
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i like shitcoins...
shitcoins.. bitcoins.. it's all the same really. But you wont see me trading actual money for that bullshit.
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Old 08-08-2012, 06:33 AM   #18
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If we'd invested in BitCoins during all the hype we'd of lost huge!
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Old 08-08-2012, 07:06 AM   #19
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For a communist who does not understand what Bitcoins are, Coup sure does spend a lot of time trolling this thread.
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Old 08-08-2012, 07:29 AM   #20
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They have gone from $6 per to $11 per in a few months so someone is buying them or using them.
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Old 08-08-2012, 08:21 AM   #21
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Except weren't they like $20 a while back?
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Old 08-08-2012, 08:38 AM   #22
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Except weren't they like $20 a while back?
Yes. And a bit ago they dropped down to $2.
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Old 08-08-2012, 11:04 AM   #23
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https://www.google.com/?q=bitcoin+hacks

Remember folks: Once they are gone... there's no getting them back.

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For a communist who does not understand what Bitcoins are
Wrong on both assertions.
Last edited by Coup; 08-08-2012 at 11:07 AM..
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Old 08-08-2012, 11:17 AM   #24
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Except weren't they like $20 a while back?
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Yes. And a bit ago they dropped down to $2.
Sell 20 dollars worth of goods and/or services. end up cashing out to $2 in real money.

~Currency of the future~
Last edited by Coup; 08-08-2012 at 11:19 AM..
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Old 08-08-2012, 11:36 AM   #25
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https://www.google.com/?q=bitcoin+hacks

Remember folks: Once they are gone... there's no getting them back.


Wrong on both assertions.

What does that link prove?

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Old 08-08-2012, 11:44 AM   #26
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What does that link prove?
It proves that bitcoins aren't a very wise investment when there's absolutely no recourse to getting them back when they are stolen or when wallet.dats are corrupted or deleted.

You keep railing against real money but the fact remains that bitcoins have no value without it.
Last edited by Coup; 08-08-2012 at 11:48 AM..
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Old 08-08-2012, 11:55 AM   #27
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You keep railing against real money but the fact remains that bitcoins have no value without it.
All value is subjective. Objects do not have any inherent value. When people accept dollars, euros or something else that's being used as money in exchange for something they are selling, they accept it because of the potential exchange value they believe it will have. They accept that money because they believe chances are good that they will be able to exchange that money in the future for goods and services they personally value.
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Old 08-08-2012, 11:55 AM   #28
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thats how i imagine bitcoins
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Old 08-08-2012, 03:15 PM   #29
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Dollars
US Dollars have "No Real Value." But at this point I can trade them for goods, services or other currencies. If BitCoins go south, all I have is at best a screen capture of the "coins." If the US Government fell tomorrow, I could still sell the paper. Same as on eBay you can buy Confederate currency. Not worth much, but at least something.

Hell, I own 18,500 shares of Enron in electronic form. If i had a certificate, some collector would pay me for that certificate.
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Old 08-08-2012, 03:27 PM   #30
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US Dollars have "No Real Value." But at this point I can trade them for goods, services or other currencies. If BitCoins go south, all I have is at best a screen capture of the "coins." If the US Government fell tomorrow, I could still sell the paper. Same as on eBay you can buy Confederate currency. Not worth much, but at least something.

Hell, I own 18,500 shares of Enron in electronic form. If i had a certificate, some collector would pay me for that certificate.
And that, friends, is the biggest and most unsolvable problem of all with bitcoins. They are completely intangible and only exist as a series of 1's and 0's.
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Old 08-08-2012, 03:29 PM   #31
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lol, many of yous still don't get Bitcoin.

1 useless bitcoin today = 11 paper monopoly dollars
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Old 08-08-2012, 03:34 PM   #32
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And that, friends, is the biggest and most unsolvable problem of all with bitcoins. They are completely intangible and only exist as a series of 1's and 0's.
Much better than a piece of cotton.
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Old 08-08-2012, 03:38 PM   #33
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Much better than a piece of cotton.
I've never seen a file corruption or hard drive crash wipe cotton from existence.
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Old 08-08-2012, 03:45 PM   #34
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existing system corrupts everyday, files rarely nowadays unless you're too dumb to protect your own shit.
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Old 08-08-2012, 07:09 PM   #35
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Much better than a piece of cotton.
Unless a colored guy steals it...
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Old 08-08-2012, 07:25 PM   #36
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Can somebody please make a bitcoin infographic already...
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Old 08-08-2012, 08:23 PM   #37
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Can somebody please make a bitcoin infographic already...
heh





something to speculate on:

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Old 08-09-2012, 02:04 AM   #38
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[QUOTE=holograph;19111372]heh



something to speculate on:




Thanks!!!
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Old 08-09-2012, 03:27 AM   #39
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How a Bitcoin transaction really works:

1. Alice wants to buy something online.
2. Finds it virtually impossible to find stuff to buy, and what there is she doesn't want.
3. Uses Paypal instead.
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Old 08-09-2012, 07:28 AM   #40
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How a Bitcoin transaction really works:

1. Alice wants to buy something online.
2. Finds it virtually impossible to find stuff to buy, and what there is she doesn't want.
3. Uses Paypal instead.
chicken and the egg problem. how do you solve it? with this kind of argumentation nothing would get developed not paypal not cc's, nothing, nada you would be still living in a cave and pay for stuff with heavy rocks.
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Old 08-10-2012, 02:21 PM   #41
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Still confused after reading the infographics
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