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  1. #21
    Quote Originally Posted by Strawberry View Post
    You can buy cash with it and then you can buy food
    But really, currency doesn't just happen overnight. Give it time, it won't take long before it completely takes off in Japan and then it's just going to explode.
    Ye, but that doesn't make it a currency. You can get cash by selling pretty much anything.

    I don't know how these bitcoins can become a currency if they are worth so much. It's like, let's trade with kgs of gold, or cars or houses. Maybe I'm just too retarded to understand this, but I really don't see how something worth so much can become a currency.

  2. #22
    Doesnt steam accept bitcoins?

    Fuck if i had one it would be one helluva steam winter sale when i buy a over 700 games

  3. #23
    Immortal Dukenukemx's Avatar
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    Quote Originally Posted by Saucerian View Post
    Digital currency's all good but honestly **** bitcoin and others like it that allow "mining" that causes abnormal demand and prices for computer hardware. And a lot of wasted electricity.
    Don't blame miners for actually buying a product, blame the market for having only 2 graphic chip manufacturing. We only have 2 choices, AMD and Nvidia, and both want to enter the server market and leave behind the gaming market. So of course their chips are more for data crunching than game playing. You don't exactly see AMD and Nvidia complaining about those bitcoin miners, but updating their drivers for better performance.

    We need more competition in the GPU market and like idiots we unanimously support Nvidia. So if a 3rd company were to join the competition, we wouldn't buy their GPU cause we're stupid and only buy Nvidia.
    I'd like it if governments came down on it like they did corn-fueled cars when people started being unable to afford food, but IT is further from a basic need.
    No please cause corn is over abused in America. We turn it into honey and put it in our sodas to sweeten them.

  4. #24
    Can literally buy weed with bitcoin in Canada...

  5. #25
    Quote Originally Posted by anaxie View Post
    Doesnt steam accept bitcoins?
    I don't believe so, but there's almost certainly people who will sell you Steam credit for bitcoin.
    Warning : Above post may contain snark and/or sarcasm. Try reparsing with the /s argument before replying.
    With sufficient thrust, pigs fly just fine. However, this is not necessarily a good idea.

  6. #26
    Yeah, let's not. Beholding currency to nations on the other side of the globe, is a rather risky endeavor.

    Not to mention nobody would really want to tie their currency that directly to everyone else's, because that would undermine their economic stability and trust with those that perform far worse.
    Last edited by Lemposs; 2017-10-13 at 02:23 AM.
    Failing to do what is right, is never wrong.

  7. #27
    The Insane Thage's Avatar
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    The main issue with stuff like Bitcoin is that it's a pretty deep investment for the average consumer to start mining their own coins, especially with the regular upgrades needed to keep up with advances in tech so you don't fall behind the curve. And it's also a deep buy-in at around $5k a pop versus taking that $5k and investing it in 'safe' stocks that are highly unlikely to bomb out anytime soon like Amazon, Google, or Microsoft, at least from the average Joe's point of view.

    What's more likely is a continuing shift away from paper currency and coins toward electronic funds where dollars can be converted to euros can be converted to yen can be converted to rubles can be converted to whatever the hell you want on the fly, making a de facto global currency through instant exchanges without necessarily needing to go into things like cryptocurrency (which, again, have a fairly significant barrier to entry for your everyday schlub just looking to get a job, support himself, and pay his bills with a bit left on the side for funsies).

  8. #28
    Quote Originally Posted by Thage View Post
    And it's also a deep buy-in at around $5k a pop
    There's no need to buy a whole one. Bitcoin is divisible down to hundred-millionths, so you can easily buy e.g. $20 worth.
    Warning : Above post may contain snark and/or sarcasm. Try reparsing with the /s argument before replying.
    With sufficient thrust, pigs fly just fine. However, this is not necessarily a good idea.

  9. #29
    Bitcoin is a loooooooong way from being a well accepted currency, let alone "a world currency".
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  10. #30
    Dreadlord Strawberry's Avatar
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    Bitcoin now at almost $5800. That's quite a growth. It's probably going to break $6000 maybe even today and most likely grow some more past that.
    However I don't recommend anyone to buy it now. It will grow for another week or so and then go down after the fork to maybe around $5000 (depending how high it goes before the fork).
    Normal is an illusion. What is normal for the spider is chaos for the fly.

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