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Used to use bitcoins for drugs
to each his own
Jason Jones @mr_jasonjones The Kings announced they will accept the virtual currency Bitcoin, becoming first pro sports team to do so.
Used to use bitcoins for drugs
to each his own
I remember trying to do mining like 5 years ago, but it was too complicated back then for me to care that much about it. Never got it setup. You couldn't even use them anywhere relevant.
Tried buying bitcoins to buy stuff on silkroad too, but I was put off that you had to actually wait for bitcoins to become available or something before getting them.
Sure bitcoin is lame. but think about it, those papers you use to buy your tampons with are as lame.
sure, those papers are supposedly backed by the Federal Reserve, but if you really investigate and think about it, the Federal Reserve is as big or even bigger gimmick as Bitcoin's algorithms
Cliffs on bitcoins? I've heard of it but I'm not sure I understand. it's a real form of currency?
there is no such thing as "real" form of currency. They all gimmicks in one way or another.
Bitcoin is based on algorithms and processing power. s build up mining rigs (machines that have enough processing power to mine the damn coins) and hope to mine some of those coins, which I think are some kind of solutions to mathematical problems (some like that)
anyway there's supposed to be a finite # of bitcoins possible and they will all be mined in a few years. to summarize, don't worry about it
Tech gots circlejerking around fake money creating a bubble in the "market". You can't buy with it except drugs, kings tickets and on overstock.com. The kings tickets/overstock is just a marketing gimmick because they know the lemmings who actually bought bitcoin are probably dumb enough to be Kings fans or buy useless .
Everyone who is investing in bitcoin is a re who thinks they can predict when the bubble is gonna pop. (Read: Every bubble ever) Some people are gonna get out in time and make $$$$$ (read: Mark Cuban w/ the dot com bubble), but most are just gonna lose everything they've "invested."
Bitcoin shouldn't be taken seriously as an actual currency until you can use them to get lap dances at a gentleman's club.
U trine throw bitcoins at dem hos, son?
Lmao alrthere is no such thing as "real" form of currency. They all gimmicks in one way or another.
Bitcoin is based on algorithms and processing power. s build up mining rigs (machines that have enough processing power to mine the damn coins) and hope to mine some of those coins, which I think are some kind of solutions to mathematical problems (some like that)
anyway there's supposed to be a finite # of bitcoins possible and they will all be mined in a few years. to summarize, don't worry about it
Yeah, I heard about it from people investing in it, but never knew what it was. Thanks bruh.
At the end of the day when people want to "cash" out a bitcoin investment what currency do they want back? If you had some bitcoin that went up 50% most people are going to cash out to lock in the gains into dollars. Its also one of the most volatile things you can invest in, and most involved in the currency are speculators with a very small percentage of people who actually use it for buying goods. There are also dozens of copy currencys that have sprung up, what separates bitcoin from any currency one of you guys creates out of your moms basement.
bitcoin
ripple
litecoin
peercoin
namecoin
dodgecoin
primecin
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