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Hi.

Bit Coin

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So if Bitcoin is The Money Of The Future, and Dippin' Dots is The Ice Cream Of The Future, what happens if I pay for Dippin' Dots with Bitcoin?

 

the future

 

 

 

stupid question. 


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When I I can pay for smokes cigars and beer wine at the corner store boutique up the street from my apartment lavish mansion I will recognize it as real money.

 

Until then I'm convinced it's an investment bubble doomed to pop when someone of nefarious intent holds majority and crashes the whole thing on purpose for lulz.


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When I I can pay for smokes cigars and beer wine at the corner store boutique up the street from my apartment lavish mansion I will recognize it as real money.

 

Until then I'm convinced it's an investment bubble doomed to pop when someone of nefarious intent holds majority and crashes the whole thing on purpose for lulz.

one of the major exchanges already ran away with, er, "lost" a ton of coins once before, and people still think this is a good idea lol


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Haters gonna hate.

 

Bitcoin is the future.  Even if I can't pay for Crowfall with bitcoin, I can buy a faster PC from Dell or Microsoft, or build my own from Newegg.  Plenty of big corporations are taking bitcoin seriously, it has massive advantages when it comes to making secure transactions over the internet.

 

I find that most of the haters come in three categories:

 

Bank shills, who want the current dominance of Visa & MasterCard to continue, so they can keep profiting off of transaction fees.

 

Uneducated, who are afraid of anything new.

 

And the incompetent, who tried to get into bitcoin but fell victim to a scam and lost money.

Uhmm.

 

I'm one of the ones that are "uneducated" then.

 

Because i watched bitcoin entensively. Sadly i had no money to spent on it when it was only worth a few bucks. Otherwise i would have been rich now ^^.

To say it simply.

 

Bitcoin is risky.

It can be worth 1k at one day and 1 cent at the other.

 

Not to say that there's quite the commotion last year with the largest bitcoin exchange going *puff*. Millions of Millions gone, i knew someone that is now penniless because of that. With an huge debt, because he had an large account there.

 

Generally speaking. Bitcoin "can" be the future.

But it needs more regulations and secureity, outside of transaction.

Storage and Service are the main risks here.

 

I have 3 bitcoins in one of my wallets, from when they costed around 50 or so bucks. They're still worth around 800~1500 dollars now. Sadly, i was rather broke at that time. And i missed the 1000 dollar spike.

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has anyone managed to cash out bitcoins at even close to the 'market rate', bitcoins are only useful for buying drugs, childporn and misery for your friends and family.


"Always put a meaningful quote in your signature" - Idiot's Guide to Bulletin Boards


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has anyone managed to cash out bitcoins at even close to the 'market rate', bitcoins are only useful for buying drugs, childporn and misery for your friends and family.

 

I have a friend that purchased a number of them when it was early.... with extra bonus $ they had.  Then, sold when it went over $1k and bought a nice car.  It was a rare opportunity and big risk that paid off.  He knew exactly when to sell too.

 

The hype is mostly gone and doubt you'll ever see it go over $500 again.  As long as there are people like Karnos in the world that are willing to trust their $ in a system like this, it'll hold some amount of value.  And those companies offering to accept it as currency will gladly take their virtual $, although they convert it immediately to more traditional $.  


> Suddenly, a Nyt appears in the discussion...

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If you sell through Humble Bundle's store, they have a bitcoin payment option. Artfall should consider using them as one of their 3rd party vendors.

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I have a friend that purchased a number of them when it was early.... with extra bonus $ they had.  Then, sold when it went over $1k and bought a nice car.  It was a rare opportunity and big risk that paid off.  He knew exactly when to sell too.

 

The hype is mostly gone and doubt you'll ever see it go over $500 again.  As long as there are people like Karnos in the world that are willing to trust their $ in a system like this, it'll hold some amount of value.  And those companies offering to accept it as currency will gladly take their virtual $, although they convert it immediately to more traditional $.  

 

A couple years ago, bitcoin went from $1 to $7 and then rapidly up to $20+ before crashing down to $.01

 

At that point, bitcoin was dead, the writing was on the wall, it was so incredibly obvious. At least, it was according to folks like you.

 

Despite that, after some issues were worked out and some time passed for the market to settle, price started to rise, eventually surpassed the previous high, then $100, until it reached over $250 per bitcoin.

 

Yet there was another crash, precipitated by a major failure at the mtgox exchange, and value crashed hard, down to $50 or so.

 

This was obviously the end of bitcoin, there is no way it could ever recover from this crash. The written was on the wall: bitcoin was dead.

 

Except, not. After some time, interest increased and value started to climb yet again. Eventually passed the previous high of $250, and up and up it went until reaching a value greater than $1000 per bitcoin.

 

Of course, as Nyt pointed out, bitcoin did crash again. This time, yet again, it was mtgox causing the crash, as they had some major breech and "lost" a lot of bitcoins. The value of bitcoin crashed yet again.

 

Could the value of bitcoin rise back up? NO!  Why not?  Because Nyt said so. Even though the naysayers have been wrong in the past, every time, this time they are right! How can you argue with this logic? "The hype is mostly gone and doubt you'll ever see it go over $500 again" -You just can't argue with that, he makes too many good points.

 

Time to pack it up, guys. Bitcoin is dead- Nyt said so.

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Someone is salty.... btw bitcoin has always been a prototype experiment.  It still has bumps to workout and deal with the "lost" bitcoin issues, etc... just google issues and the Bitcoin industry is fully aware of the issues and without a full solution to all of them.  Some are even under the false impression that bitcoins allows them to operate outside of government taxation systems... even the IRS published an article on where bitcoins land and where they should be reported.

 

The only value bitcoin holds, is the value that someone is willing to accept for it.  Really no different than the virtual $ systems in MMOs, just in a larger real world scale.

 

Personally, I don't trust my $ to reside within bitcoins beyond temporary for a single specific purchase.  Each their own.  


> Suddenly, a Nyt appears in the discussion...

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If major investment players decide to jump in, it will take off.  They are the ones that hold the regulation ruleset within their campaign and will not allow their investments to evaporate easily.

 

4/30/15  - Goldman Sachs Backs Bitcoin With $50M Investment  

 

Circle is building a business simplifying "digital currency" transfers, which currently include $US and bitcoin, although can quickly adapt any digital currency.  Bitcoin just happens to be the current hype that they're using to get off the ground.  If Bitcoin died tomorrow, they still have $US and can easily add the next bitcoin in the future.

 

I'm sure if the payment collections/gateway service that Ace uses for CF accepts Bitcoin (with an acceptable rate) and handles any potential fraud cases, they'll make it as an acceptable currency in the store.  I don't see them, or most other companies, going out of their way to adopt a new digital currency and manage the risks (e.g. fraud) themselves.


> Suddenly, a Nyt appears in the discussion...

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Bitcoins make no sense. I mean, real currency is just paper and tiny amounts of "precious" metals, but, it at least is created, conceptually, in amounts relating to actual gold reserves, etc. Bitcoins are just make-believe currency that someone invented. They're like... collectibles with value, minus the actual collectible. "Ohhh, that's an original Superman action figure still in the packaging?! That's worth like $1,000!" Oooooh! A make-believe digital coin? I'll give you $1,000 for that, because other people will at the moment, only because other people will, who will only because other people will...

 

I'm waiting 'til the world gets EMP'd, and everyone cries.


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