Author Topic: Bitcoin  (Read 2759 times)

Offline DMCakhunter

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Re: Bitcoin
« Reply #25 on: March 02, 2014, 12:22:06 AM »
Yes, there are companies that accept bitcoins, from coffee shops to durable goods.
Personally, I have no interest in it. As has been shown, far to easy to digitally steal a digital currency.
For those that want to diversify, there is always risk in investing and bitcoin would be a speculative bet at best, as has been mentioned earlier. But, to each their own.
I hope that the US dollar will survive the turbulence ahead of us, but there are many things that have more value than paper money. That is the essence of diversifying.

Burt Gummer

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Re: Bitcoin
« Reply #26 on: March 02, 2014, 12:52:33 AM »
O-Kay, really stupid question - Can you buy things with Bit coin?


Why yes...  :cowboy:

Bitcoins for guns at Central Texas Gunworks
Realevant articles: Local article & Huffington Post

Bitcoins for cars: A few locations & DailyMail article

Bitcoins for confections: Statelesssweets

Bitcoins for survival gear: survival camping store

Bitcoins for vacations: Appartment in Nice France or a Space flight on Virgin Galactic & related NBC article

I'm sure there's more if you look for it.

Offline Grudgie

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Re: Bitcoin
« Reply #27 on: March 02, 2014, 05:51:25 AM »
Overstock.com is the first major online retailer to accept bitcoin as payment along with many other minor sites. I hear about a few fringe coffee shops in Europe that accept it, charity's usually take it, And of course transactions between private individuals. It isn't widely known or accepted, but let me tell you, once the big names start accepting it (Ebay, Amazon, etc) we're going to see some big moves in the price. As fringe as it is right now, if it went mainstream it could easily go $5000 a coin. What makes it risky though is if a jealous government like China steps in and bans it, that would put a real steep curb on demand.

I think bitcoin is a huge step toward freedom. It's letting people realize how unnessecary governments are. It essintially privatizes currency.

If a government were to step in and ban it, it would clearly demonstrate how they have a monopoly of force. If the free market naturally gravitates towards privatized bitcoins the governments would have to say,"No! You must use our inferior method of payment or else we will imprison you!"

« Last Edit: March 02, 2014, 06:04:44 AM by Grudgie »

Offline APX808

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Re: Bitcoin
« Reply #28 on: March 02, 2014, 07:37:11 AM »
Owning bitcoin and leaving them on an online wallet is like buying gold and leaving it in the bank.
All bitcoin losses occur because those online wallets get hacked and their keys get compromised or they were just a tramp from the first day, like silkroad 2.0

I believe that bitcoin is a great tool to make semi anonymous payments, and do transactions without government intervention, but this isn't  an investment tool at all, is way to risky and in order for it to work you need a shitload of technology that as preppers we should know could stop working in a snap.

Alex1992

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Re: Bitcoin
« Reply #29 on: March 02, 2014, 05:06:24 PM »
Ok I must ask what is Bitcoin and why are people going nuts because of this digital dinero  :what:

Offline APX808

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Re: Bitcoin
« Reply #30 on: March 02, 2014, 05:21:39 PM »
Ok I must ask what is Bitcoin and why are people going nuts because of this digital dinero  :what:


Check this out http://apx808.blogspot.com/2013/11/introduction-to-bitcoin.html

Alex1992

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Re: Bitcoin
« Reply #31 on: March 03, 2014, 12:19:55 PM »
Ok I must ask what is Bitcoin and why are people going nuts because of this digital dinero  :what:


Check this out http://apx808.blogspot.com/2013/11/introduction-to-bitcoin.html
Thanks for the link and I didn't know you had a website

Burt Gummer

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Re: Bitcoin
« Reply #32 on: March 04, 2014, 06:42:10 PM »
OK so this just happened...
http://benswann.com/mt-gox-theft-could-lead-to-bitcoin-regulation/?utm_source=newsletter&utm_medium=text&utm_campaign=nl
no guy's it's only a 460 million untraceable bank heist guys...  :popcorn:

Offline Grudgie

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Re: Bitcoin
« Reply #33 on: March 09, 2014, 03:22:46 AM »
Bitcoin: The Psychology of Money - Stefan Molyneux speaks at the Texas Bitcoin Conference


I love Stephan Molyneux. He speaks about Bitcoin for the first 18 minutes and then answers questions from the crowd. Anarchist, Voluntarist, call him what you will. The man makes sense.

Burt Gummer

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Re: Bitcoin
« Reply #34 on: March 09, 2014, 05:36:24 AM »
+100 for Molyneux! :fuckYeah: