|
|
Joined: Apr 2009
Posts: 3,246
Campfire Tracker
|
Campfire Tracker
Joined: Apr 2009
Posts: 3,246 |
I never could figure it out either. I figured it was on the same basis as Amway, a get rich scheme.
Molɔ̀ːn Labé
Grandpa:the road to hell is paved with good intentions.
Dad:son you have 2 choices for supper eat or don't eat.
|
|
|
|
|
Joined: Nov 2008
Posts: 16,610
Campfire Ranger
|
|
Campfire Ranger
Joined: Nov 2008
Posts: 16,610 |
Bitcoin is the new tulips.
"Hey jackass, get your government off my freedom."
MOLON LABE
|
|
|
|
|
Joined: Feb 2011
Posts: 26,389 Likes: 6
Campfire Ranger
|
|
Campfire Ranger
Joined: Feb 2011
Posts: 26,389 Likes: 6 |
It went over 50,000 and some are saying it'll go to 700,000.
But, it could go to zero too.
|
|
|
|
|
Joined: May 2014
Posts: 5,817
Campfire Tracker
|
|
Campfire Tracker
Joined: May 2014
Posts: 5,817 |
Until the power goes out and then ... poof.
Crypto currencies are very bad for freedom. Very bad. Everything electronic can and will be tracked.
|
|
|
|
|
Joined: Nov 2003
Posts: 28,411
Campfire Ranger
|
|
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Until the power goes out and then ... poof.
Crypto currencies are very bad for freedom. Very bad. Everything electronic can and will be tracked. Hat, how is it bad for freedom ?
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
|
|
|
|
|
Joined: May 2003
Posts: 16,971 Likes: 1
Campfire Ranger
|
|
Campfire Ranger
Joined: May 2003
Posts: 16,971 Likes: 1 |
I work with this technology, along with others...
If you happen to lose your security token - you are screwed... so if your computer crashes and you didn’t back it up... poof.
One guy hacked it and stole 32 million (the so called perfect system), they haven’t figured out who the guy is yet.
Better yet if there was a mistake - it can’t be fixed (all trades are permanent.)
Last edited by Spotshooter; 02/16/21.
|
|
|
|
|
Joined: Nov 2003
Posts: 28,411
Campfire Ranger
|
|
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
I work with this technology, along with others...
If you happen to lose your security token - you are screwed... so if your computer crashes and you didn’t back it up... poof.
One guy hacked it and stole 32 million (the so called perfect system), they haven’t figured out who the guy is yet.
Better yet if there was a mistake - it can’t be fixed (all trades are permanent.)
That be interesting.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
|
|
|
|
|
Joined: Nov 2015
Posts: 1,187
Campfire Regular
|
|
Campfire Regular
Joined: Nov 2015
Posts: 1,187 |
Until the power goes out and then ... poof.
Crypto currencies are very bad for freedom. Very bad. Everything electronic can and will be tracked. Hat, how is it bad for freedom ? When you want to buy that shiny, new gun and the "powers-that-be" decide.....nope, you can't buy (have) that. You can afford it. There is no glitch in the system. Everything works as it should. "They" just don't want you to have it. That is bad for freedom.
Last edited by prplbkrr; 02/16/21.
prplbkrr = Purple Biker
Can't score goals if all you do is pass.
|
|
|
|
|
Joined: Mar 2008
Posts: 15,642
Campfire Ranger
|
|
OP
Campfire Ranger
Joined: Mar 2008
Posts: 15,642 |
I have tried to understand block chain and bitcoin by watching videos and tutorials. I guess I'm just too old and stupid to get it. If you boil it down to it's overly simplistic basis...I keep coming back to you take your US paper money (which seems to have no tangible value, it's based on trust, or a vague promise) trade it for another form of currency represented by little tiny switches that make 1's or 0's, in a memory bank, held someplace no one knows where or by who, again on the promise that it is worth something. Do I have this right, kinda, sorta? So, could you say the entire monetary system, paper or 1's and 0's is based on faith and tradition? Spud farmer accepts paper money for his spuds, because he pays his operating expenses with paper, tradition. How does a wildly fluctuating electronic currency break that tradition? What if the spud farmer's power company won't accept bitcoin for the irrigation bill? I just don't get it. That's about where I am and it's hard to trust such things. I will admit, gold has been around for quite a while, but in a pinch, you can't eat it. And, it attracts violent felons.
|
|
|
|
|
Joined: Oct 2012
Posts: 7,624 Likes: 2
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Oct 2012
Posts: 7,624 Likes: 2 |
That's about where I am and it's hard to trust such things. I will admit, gold has been around for quite a while, but in a pinch, you can't eat it.
Yea, but I'll buy all you wanna sell at spot less 100 bucks an oz, trade you guns, ammo, or food for it also.
|
|
|
|
|
Joined: Nov 2003
Posts: 28,411
Campfire Ranger
|
|
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Until the power goes out and then ... poof.
Crypto currencies are very bad for freedom. Very bad. Everything electronic can and will be tracked. Hat, how is it bad for freedom ? When you want to buy that shiny, new gun and the "powers-that-be" decide.....nope, you can't buy (have) that. You can afford it. There is no glitch in the system. Everything works as it should. "They" just don't want you to have it. That is bad for freedom. You are aware that there are Bitcoin ATMs ?
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
|
|
|
|
|
Joined: Mar 2008
Posts: 15,642
Campfire Ranger
|
|
OP
Campfire Ranger
Joined: Mar 2008
Posts: 15,642 |
That's about where I am and it's hard to trust such things. I will admit, gold has been around for quite a while, but in a pinch, you can't eat it.
Yea, but I'll buy all you wanna sell at spot less 100 bucks an oz, trade you guns, ammo, or food for it also. True, but in a pinch I'd rather have penicillin.
|
|
|
|
|
Joined: Oct 2010
Posts: 7,710 Likes: 6
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Oct 2010
Posts: 7,710 Likes: 6 |
Something you can be confident in, no matter how little you know about Bitcoin, is that anyone who draws an analogy between it and the Dutch tulip bubble is a completely incompetent bozo who knows almost nothing about Bitcoin or the tulip bubble.
But no, it is not digital gold. Gold can't be transmitted over a communications channel.
|
|
|
|
|
Joined: Jan 2017
Posts: 216
Campfire Member
|
|
Campfire Member
Joined: Jan 2017
Posts: 216 |
Buy Hedera.
You're Welcome
|
|
|
|
|
Joined: Oct 2003
Posts: 3,859
Campfire Tracker
|
|
Campfire Tracker
Joined: Oct 2003
Posts: 3,859 |
Until the power goes out and then ... poof.
Crypto currencies are very bad for freedom. Very bad. Everything electronic can and will be tracked. Hat, how is it bad for freedom ? When you want to buy that shiny, new gun and the "powers-that-be" decide.....nope, you can't buy (have) that. You can afford it. There is no glitch in the system. Everything works as it should. "They" just don't want you to have it. That is bad for freedom. Who is "they", and how will they stop me from using crypto?
|
|
|
|
|
Joined: Oct 2009
Posts: 12,528 Likes: 6
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Oct 2009
Posts: 12,528 Likes: 6 |
Bitcoin will only become accepted and somewhat stable, after somebody figures out how to manipulate the market for it.
|
|
|
|
|
Joined: Jan 2010
Posts: 32,130 Likes: 1
Campfire 'Bwana
|
|
Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 Likes: 1 |
Bitcoin will only become accepted and somewhat stable, after somebody figures out how to manipulate the market for it. Brilliant!
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
|
|
|
|
|
Joined: Oct 2003
Posts: 3,859
Campfire Tracker
|
|
Campfire Tracker
Joined: Oct 2003
Posts: 3,859 |
I work with this technology, along with others...
If you happen to lose your security token - you are screwed... so if your computer crashes and you didn’t back it up... poof.
One guy hacked it and stole 32 million (the so called perfect system), they haven’t figured out who the guy is yet.
Better yet if there was a mistake - it can’t be fixed (all trades are permanent.)
One guy hacked what, exactly?
|
|
|
|
|
Joined: Oct 2012
Posts: 7,624 Likes: 2
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Oct 2012
Posts: 7,624 Likes: 2 |
Bitcoin will only become accepted and somewhat stable, after somebody figures out how to manipulate the market for it. ^^^^This
|
|
|
|
|
Joined: Mar 2008
Posts: 15,642
Campfire Ranger
|
|
OP
Campfire Ranger
Joined: Mar 2008
Posts: 15,642 |
Something you can be confident in, no matter how little you know about Bitcoin, is that anyone who draws an analogy between it and the Dutch tulip bubble is a completely incompetent bozo who knows almost nothing about Bitcoin or the tulip bubble.
But no, it is not digital gold. Gold can't be transmitted over a communications channel. OK, seriously, educate us.
|
|
|
|
|
524 members (17Fan, 10gaugemag, 01Foreman400, 160user, 12344mag, 1badf350, 66 invisible),
2,367
guests, and
1,183
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Forums81
Topics1,192,318
Posts18,487,346
Members73,969
| |
Most Online11,491
Jul 7th, 2023
|
|
|
|
![[Linked Image from i.postimg.cc]](https://i.postimg.cc/nhqZTmxJ/Screen-Shot-2020-11-08-at-5-01-55-PM.png)
