Bump for hype ;)

Btw a Bitcoin is worth 4 more dollars since i started this thread.

Bitcoins are the most valuable currency in the world to be precise.

ur expert opinion as of march 15th, 2013?
:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh:1orglaugh

Half the people posting in this thread are on my ignore list :1orglaugh

which is hilarious, cause ur trying to tell people to 'buy as much as they can', years after the fact, when it's worth the most it's ever been

:thumbsup glad to see u on top of ur game

So what? Value of 1 unit of currency does not mean anything at all.

It's valuation and everything.

The people he terms idiots are way ahead of him and he's afraid of that. :2 cents:

Any currency has the value it's users are willing to give it. There is one difference with this one : it has a limited ammount in circulation. Unless someone breaks the code or something I guess.
I might put a few grands in there for a few years and see how it plays out.

That sig cracks me up every time you post :1orglaugh

Edit: And yes you are right, there will be way more users in the (near) future while the Bitcoins will be released more and more slowly. Unless something goes very wrong the result will be that the coins will be worth way more.

I couldn't beleive it when the guy posted that in the thread.

Come to think of it, I should change the host files of my partner's computer so that when he goes to google it rick rolls him ;) I already have his search engine defaulted to xnxx, he's computer illeterate so he dosen't know how to change shit. He has to watch out no employes are arround when he browses the web lol

Did you even read it? did you understand it?

It basically clarifies that most exchanges from bitcoins to/from real currency are considered a "money transmission services"... so they are regulated under current "money transmission services" laws and so anyone exchanging bitcoins has to jump through major hoops, follow the law to the dot, register with the state, etc... (basically same kind of business and level of compliance that paxum has to go through)

so now for example selling bitcoins on ebay = illegal (unless you are properly registered, etc)

Yes I believe all the exchanges in the US already are registered as such. As far as selling their definition of a money transmitter is over 1k a day in sales. Personally I don't go back to cash when I buy bitcoins.

They are also saying buying and selling bitcions for things is legal.

You can also buy gold and silver with bitcoins and sell them as a way to get around the law if you really want.

Like I said I don't convert back to cash. Bitcoins are worldwide and not every country will try to fight it, which will be bad for the countries that are. IMO. Guess we will see. I see the price shooting up on this news.

:1orglaugh:1orglaugh:1orglaugh

you need to do the rickroll thing.. and then film the ensuing horror :1orglaugh

While people on GFY are making fun of Bitcoins, others are cashing in.

The adult industry used to be innovators and always one step ahead, now they seem years behind. The Gaming industry is already adapting Bitcoin over the last years. Some of the major sites are already accepting it, and Bitcoin only gaming sites such as Satoshi Dice do very well, they made over $500,000 in profits in the first 6 months and are growing a lot.

See: http://calvinayre.com/2013/02/01/bus...er-be-ignored/

Also for example BitPay got $500,000 in venture capital last year.

http://www.americanbanker.com/issues...1055661-1.html

Three other US Bitcoin companies raised six-figure investments in 2012, and French Bitcoin company, Paymium, was approved to partner with a licensed financial services provider in France.

I also saw some big domain registries started to accept Bitcoins and it's becoming more and more mainstream.

You guys can joke about it all you want, but this is not some joke or play money. If you are not in, you are missing out. Instead people here are complaining about $500 mastercard fees and that they are making less money every year, and when an opportunity comes by to change things around they laugh at it.

Let's bump this thread in 5 years and laugh at everyone that is laughing at Bitcoin now.

It's apparently extremely useful for transferring money ... and if you can really buy an asic for $1500 and make $300/mo with it, that is a nice investment-- that said, since they're more difficult to make as more people start trying to make them, who knows if that'd continue for very long.

What is so special about ASIC anyway? Back in the day, that is why you could not use a regular smart card for DSS- you had to have "a real asic"

I grant you that this is all very very interesting but it's still based on nothing. It's "worth" what people are paying for it, but just like a nice shiny $300k automobile-- sure it's great and you can get $200k all day long for it today, but if it gets wrecked tomorrow you get $50k for it .... get it?

You must be clueless. It means NOTHING.

Few examples:
Turkish lira is about 1.000.000 times more valuable than in 1995. Yet it means nothing.
Latvian lat is one of the most expensive currencies (for 1 lat you get about 2 us dollars). It means nothing.
Another example with Latvian lat - its is 5 times more valuable than Lithuanian litas yet both these Baltic countries have very similar (or same) economy and living. Its just fractions: if liter gasoline in Latvia cost 1 lat, in Lithuania it cost 5 litas. So value of 1 currency unit means ABSOLUTELY nothing.
Or Norway crowns - for one Latvian lat you get 10 crowns (which is the currency of one of the very top economy countries). It means nothing.

Lets say you have 1.000.000 gfy coins in circulation and 1 unit value is 10$. You can easily re-nominate it and have 10.000.000 gfy coins instead just each coin value would be 1$ now.
So if you spent 1 gfy coin for something now you would spend 10 gfy coins for the same thing. So in theory it lost value big time, but actually it would be the same thing.

I always laugh at idiots on for example travel forums when they base country's prices solely on value of 1 currency unit (meaning that they would think that Latvia is 10 times more expensive than Norway etc) :1orglaugh

then the valuation of every currency means nothing with that view.

a dollar is worth a dollar because we all agree it is, enough disagree and the valuation of the dollar will change.
gold is worth what we all agree to pay for gold, disagree and the price changes.

cigarettes in prison, same shit......tide laundry detergent to mexican drug cartels, same shit....

nothing new here, we can move along.

I mine 10 bitcoin cents a day ..

It hit 62 dollars earlier today??

anonymous=the US will shut it down

google 1mdc and you will see...was the shit back in the day...

international exchangers dont mean shit....e-gold and their icegold exchanger in russia got shut down like this...


anon fund transfers=you will get burned

i just googled that, it appears that it went out of commission due to backing commodity, e-gold inc, being found guilty of money-laundering.


but i do agree, governments certainly don't want anonymous people.

anon transfers=money laundering

it will never work on a large scale...has been tried before there is nothing new or revolutionary about bitcoins...

i see, could be, i'm not familiar enough with the legalities of it all but if a gov wants to shut something down, it's just a matter of putting a case together.

but it does seem the e-gold management was complicit in the money-laundering, check this out

i just invested all my money into theoretical dollars.

i think i'm way up, i just haven't found a place that accepts them yet...

all the companies mentioned were large exchangers...they took them all out except icegold in some ex russian country...but they got them later on some other bullshit...the first real anon system was before egold and the like it was evocash.com ... evocash was heaven

egold/evocash/1mdc/bitcoins will all suffer the same fate...

more will be revealed!

i'm thinking i'll buy in soon, just trying to figure out how much cash i am willing to lose without getting pissed off about it, certainly far from going all in though.

Nothing new? Every other currency ever been tried had a central office that could be shut down. Bitcoin has no central location to be shut down. Even if they shut down every single exchange in the world, bitcoin would still be there. Exchanges are helpful but not absolutely necessary for bitcoin to thrive.

nothing changes on GFY =)

re bitcoin, it can go both ways, up or down. in my opinion, bitcoins going continue to grow and get more attention, not without huge sell-off crashes once in a while.

as for my own story if some of you are wondering, it's not as great as it could have been. i've lost about 300 bitcoins, which i blame my own stupidity and greed for. 300btc cost me roughly $1.5k. waiting on my asic order i've made back last summer to get back into mining.

wow it has raised $10 bucks in a day or so.. nice one

Yup, just like i mentioned in this or the other thread. I expected it to explode once it hit 50 dollars. It will do the same once it hits $100.

Hm got some content a few vids/pics, maybe will try to setup a mini-paysite to test out the waters.. sites like this https://bitpay.com/ are ok with adult? :)

Yes the founder actually was promoting it on here a while back.

https://gfy.com/showthread.php?t=1032...hlight=bitcoin

It peaked at 65 dollars a short while ago.

A bitcoin is worth about 20 bucks more than when i started this thread.

I think it will hit 70 dollars today ;)

you are making it sound like that's a good thing...

isn't it pretty obvious that 30% price swings in a week make it unusable as a currency? you can't have it both ways, it's either a currency, or it's a bunch of people speculating (which pretty much makes it a ponzi scheme)? so which one is it?

perhaps
https://www.google.com/search?q=cypr...hrome&ie=UTF-8

I have $39.85 in my Payoneer account that I want to get rid of. Anyone want to send me the equivalent of BTC for that Payoneer $?

ICQ - 130321510

that's perhaps a valid explanation... but doesn't change the fact that 30% price swings in a week make it unusable as a currency...

71 :thumbsup

i would agree, it does make it a speculator's dream. it's all pretty fun to watch and learn about.

75 dollars now :helpme

The price raise you see is simply because more and more people and companies are starting to use it.
If you start a business and more and more people buy your product. Is that a good thing or a bad thing?

if you're following bitcoin, here's cool google chrome extension to have
https://chrome.google.com/webstore/d...ghimbbhpjhapap
it lets you know current exchange rate at mtgox right on your browser

price is going up because more people are buying bitcoins...
it doesn't necessarily mean that they are "using" these bitcoins, they are likely just holding them, and speculating that the price will continue to go up, just like you... (which feels a lot like a ponzi scheme, doesn't it?)

it's a good thing if you are holding bitcoins in the hope they will go up... it's bad if you intend them to use them in commerce... why would you send someone bitcoins if you are expecting the price to go up? you would hoard them in the hope it breaks 100 soon just like you said earlier? I would think that's exactly what you are doing, no? and so everyone else is likely doing the same?

Either way, it's an interesting experiment, hopefully it will workout for everyone involved...

though I have a feeling it will turn into the biggest heist in history...no one will even know who to blame, no one will certainly go to jail and yet a couple billion will likely get stolen in the process...

I save them yes. Many people do at this point.

100 bitcoins

god damn ... $73 right now per coin