Author Topic: BitCoin Master Thread  (Read 13668 times)

Offline SuperFlyer

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BitCoin Master Thread
« on: February 19, 2013, 04:52:14 PM »
http://www.bitcoins.com

Please not the usual pyramid etc rants.

Thanks
« Last Edit: July 06, 2015, 04:07:42 PM by jj1000 »

Offline rots5

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Re: Whats the story with BitCoins ?
« Reply #1 on: February 19, 2013, 05:01:25 PM »
http://www.bitcoins.com

Please not the usual pyramid etc rants.

Thanks
where'd you hear of this?
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Offline outsider

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Re: Whats the story with BitCoins ?
« Reply #2 on: February 19, 2013, 05:03:40 PM »
http://www.bitcoins.com

Please not the usual pyramid etc rants.

Thanks
great for shady underworld dealings and that is about it. It is not subject to monetary laws and therfore you are not breaking laws. you can gamble online with it. there have been some major security flaws and tons of bitcoins have been stolen.
It's what is on the outside that matters

Offline SuperFlyer

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Re: Whats the story with BitCoins ?
« Reply #3 on: February 19, 2013, 05:11:49 PM »
great for shady underworld dealings and that is about it. It is not subject to monetary laws and therfore you are not breaking laws. you can gamble online with it. there have been some major security flaws and tons of bitcoins have been stolen.

is this a result of a google search, or you've been following this ?

Offline outsider

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Re: Whats the story with BitCoins ?
« Reply #4 on: February 19, 2013, 05:20:51 PM »
is this a result of a google search, or you've been following this ?
not an avid follower but read the news reports on them from time to time. the bloomberg had some interesting pieces on it. of course the bloomberg I get for free. thank you! :) :)
It's what is on the outside that matters

Offline HelpMe

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Re: Whats the story with BitCoins ?
« Reply #5 on: February 19, 2013, 05:21:53 PM »
Please not the usual pyramid etc rants.
Then I have nothing to say.
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Offline outsider

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Re: Whats the story with BitCoins ?
« Reply #6 on: February 19, 2013, 05:22:35 PM »
not an avid follower but read the news reports on them from time to time. the bloomberg had some interesting pieces on it. of course the bloomberg I get for free. thank you! :) :)
http://www.npr.org/blogs/alltechconsidered/2013/02/06/171182974/is-online-gambling-legal-if-bitcoins-not-dollars-are-at-stake this is a basic article. I will try finding more articles.
It's what is on the outside that matters

Offline outsider

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It's what is on the outside that matters

Offline SuperFlyer

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Re: Whats the story with BitCoins ?
« Reply #8 on: February 19, 2013, 05:25:20 PM »
Thanks. I got the impression its not the usual thing.

Offline yitzf

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Re: Whats the story with BitCoins ?
« Reply #9 on: February 19, 2013, 05:27:06 PM »
I read a report that supposedly Iran was using them to avoid the sanctions.
Don't ask me how.

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Re: Whats the story with BitCoins ?
« Reply #10 on: February 19, 2013, 05:49:58 PM »
I love the idea of bitcoins. Though I am a bit scared of it not catching on, and having valueless bitcoins. I am also scared of the volatility in the prices- it seems that the prices (last time I checked) are set solely on hype and skepticism.

To those claiming pyramid scheme- you would have to define any fiat currency in same manner- including the US's.
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Offline outsider

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Re: Whats the story with BitCoins ?
« Reply #11 on: February 19, 2013, 06:13:53 PM »
I read a report that supposedly Iran was using them to avoid the sanctions.
Don't ask me how.
seems to be simple, buy bitcoins with iran money and pay russia with bitcoins and they cash it out for ruble
It's what is on the outside that matters

Offline rots5

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Re: Whats the story with BitCoins ?
« Reply #12 on: February 19, 2013, 06:58:08 PM »
seems to be simple, buy bitcoins with iran money and pay russia with bitcoins and they cash it out for ruble
hit and run.
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Offline HelpMe

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Re: Whats the story with BitCoins ?
« Reply #13 on: February 19, 2013, 07:05:38 PM »
To those claiming pyramid scheme- you would have to define any fiat currency in same manner- including the US's.
That is why gold, GPS and a shovel come in handy.  :)
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Offline moko

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Re: Whats the story with BitCoins ?
« Reply #14 on: February 19, 2013, 10:47:02 PM »
theyve been to used to bypass sanctions with Iran