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-   -   Is bitcoin godd or bad? (https://gfy.com/showthread.php?t=1025975)

DVTimes 06-09-2011 04:32 PM

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.

TubeKing 06-09-2011 04:32 PM

You're way too dumb to understand it. Thread Closed.

u-Bob 06-09-2011 04:33 PM

Now ask yourself the same question about the USD or the Euro :)

DVTimes 06-09-2011 04:35 PM

Quote:

Originally Posted by TubeKing (Post 18205707)
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.

alias 06-09-2011 04:36 PM

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.

ThatOtherGuy - BANNED FOR LIFE 06-09-2011 04:37 PM

I do not care.

DVTimes 06-09-2011 04:37 PM

Quote:

Originally Posted by alias (Post 18205712)
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.

mayabong 06-09-2011 04:38 PM

Quote:

Originally Posted by DVTimes (Post 18205711)
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.

onwebcam 06-09-2011 04:38 PM

Yeah my dealer just informed me he's accepting bitcoins only... I guess no more drugs for me. :helpme:error:mad::thumbsup

alias 06-09-2011 04:40 PM

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.

DVTimes 06-09-2011 04:41 PM

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.

DVTimes 06-09-2011 04:42 PM

I am thinking bitcoin is a great way for people from such as china to buy porn.

woj 06-09-2011 04:46 PM

It's rapidly taking off:
http://www.google.com/trends?q=bitcoin

DVTimes 06-09-2011 04:50 PM

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.

alias 06-09-2011 04:55 PM

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!

Chosen 06-09-2011 10:39 PM

Quote:

Originally Posted by DVTimes (Post 18205727)
I am thinking bitcoin is a great way for people from such as china to buy porn.

Show me paysites accepting bitcoins :pimp

waltgator 06-09-2011 10:46 PM

Quote:

Originally Posted by Chosen (Post 18206244)
Show me paysites accepting bitcoins :pimp

its old content, but its there : www . bitcoinxxx . com

papill0n 06-09-2011 10:48 PM

Quote:

Originally Posted by alias (Post 18205712)
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 :2 cents:


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