Page 12 of 13 FirstFirst ...
2
10
11
12
13
LastLast
  1. #221
    Quote Originally Posted by ro9ue View Post
    Again you're missing the point. All money is is the transfer of information. The actual object whether paper or pixel doesn't matter.
    THAT is beside the point. Money is only good if people value it and accept it. Its only worth something if everyone agrees it s worth something.

    Just because some people are "excited" about the prospects of internet currency doesnt suddenly mean everyone else will take it in.

  2. #222
    Quote Originally Posted by Nupomaniac View Post
    THAT is beside the point. Money is only good if people value it and accept it. Its only worth something if everyone agrees it s worth something.

    Just because some people are "excited" about the prospects of internet currency doesnt suddenly mean everyone else will take it in.
    That's exactly whats happening though....

  3. #223
    Quote Originally Posted by ro9ue View Post
    That's exactly whats happening though....
    You are out of your good mind if you think everyone agrees bitcoin is worth something

  4. #224
    Moderator chazus's Avatar
    Join Date
    Nov 2011
    Location
    Las Vegas
    Posts
    15,116
    Quote Originally Posted by Hanablossom View Post
    if I had bitcoins I would just cash them out.
    Can you cash them out?
    Yes. You can either A) KEep them in an offline wallet, so that they're safe, and just wait it out. Or B) Exchange for $$
    Gaming: Dual Intel Pentium III Coppermine @ 1400mhz + Blue Orb | Asus CUV266-D | GeForce 2 Ti + ZF700-Cu | 1024mb Crucial PC-133 | Whistler Build 2267
    Media: Dual Intel Drake Xeon @ 600mhz | Intel Marlinspike MS440GX | Matrox G440 | 1024mb Crucial PC-133 @ 166mhz | Windows 2000 Pro

    IT'S ALWAYS BEEN WANKERSHIM | Did you mean: Fhqwhgads
    "Three days on a tree. Hardly enough time for a prelude. When it came to visiting agony, the Romans were hobbyists." -Mab

  5. #225
    Quote Originally Posted by chazus View Post
    Yes. You can either A) KEep them in an offline wallet, so that they're safe, and just wait it out. Or B) Exchange for $$
    Who exchanges them for $$?

  6. #226
    Moderator chazus's Avatar
    Join Date
    Nov 2011
    Location
    Las Vegas
    Posts
    15,116
    Quote Originally Posted by Tota View Post
    Who exchanges them for $$?
    There are a lot of online exchangers, as well as many in-person places that will do it. It's not very difficult.
    Gaming: Dual Intel Pentium III Coppermine @ 1400mhz + Blue Orb | Asus CUV266-D | GeForce 2 Ti + ZF700-Cu | 1024mb Crucial PC-133 | Whistler Build 2267
    Media: Dual Intel Drake Xeon @ 600mhz | Intel Marlinspike MS440GX | Matrox G440 | 1024mb Crucial PC-133 @ 166mhz | Windows 2000 Pro

    IT'S ALWAYS BEEN WANKERSHIM | Did you mean: Fhqwhgads
    "Three days on a tree. Hardly enough time for a prelude. When it came to visiting agony, the Romans were hobbyists." -Mab

  7. #227
    Quote Originally Posted by chazus View Post
    There are a lot of online exchangers, as well as many in-person places that will do it. It's not very difficult.
    How do I prosecute anyone who steals them from me or doesn't give me the amount they are worth during an exchange?

    Is this fully protected under current law?

  8. #228
    Problem is - too many people into bitcoin are tech nerds, not financially aware.

    Look at NASDAQ in 2000 to see what Bitcoin is about to do

    - - - Updated - - -

    Quote Originally Posted by Tota View Post
    How do I prosecute anyone who steals them from me or doesn't give me the amount they are worth during an exchange?
    In terms of trading in bitcoins - the system is pretty much unable to be manipulated.

    If you are referring to to/from $s ... then like any commodity, bitcoin is bought as sold at the whim of the buyer/seller.
    narcissistic personality disorder : "Time Magazine called to say that I was PROBABLY going to be named “Man (Person) of the Year,” like last year, but I would have to agree to an interview and a major photo shoot. I said probably is no good and took a pass. Thanks anyway!" (Donald J. Trump - Twitter 24th November 2017).

  9. #229
    Moderator chazus's Avatar
    Join Date
    Nov 2011
    Location
    Las Vegas
    Posts
    15,116
    Quote Originally Posted by Tota View Post
    How do I prosecute anyone who steals them from me or doesn't give me the amount they are worth during an exchange?
    Is this fully protected under current law?
    If you know who it is/where it is, it's still considered property/currency in most countries. You really don't need to worry about that, because exchanges money (see: Profit, reason to exist) is based on trust. If they screw people over, they go out of business.

    That said... If someone STEALS it, as in... The place it was being held (not by you) is hacked, and stolen, that's... harder. You can try to sue the company that it was stolen from, but probably won't succeed. The people who stole it may get away with it... Or it might get tracked down. But there's little legal recourse.
    Gaming: Dual Intel Pentium III Coppermine @ 1400mhz + Blue Orb | Asus CUV266-D | GeForce 2 Ti + ZF700-Cu | 1024mb Crucial PC-133 | Whistler Build 2267
    Media: Dual Intel Drake Xeon @ 600mhz | Intel Marlinspike MS440GX | Matrox G440 | 1024mb Crucial PC-133 @ 166mhz | Windows 2000 Pro

    IT'S ALWAYS BEEN WANKERSHIM | Did you mean: Fhqwhgads
    "Three days on a tree. Hardly enough time for a prelude. When it came to visiting agony, the Romans were hobbyists." -Mab

  10. #230
    Quote Originally Posted by Nupomaniac View Post
    You are out of your good mind if you think everyone agrees bitcoin is worth something
    Sorry for grammar/vocab, sleepy af, not sure if I make any sense, I hope u get the point though.

    And for certain currency to be accepted as one, how many people have to use it and accept it? Everyone like you said? Or 80% people? 20% people? Which people? USD is accepted as currency only where it is. If you had gone to some third world country ruled by tribes instead of government, I can assure you they won't accept USD. But hey, USD is currency after all!

    Well, it turns out USD is not accepted everywhere. And so is BitCoin. BTC is cryptocurrency or digital-currency kinda by definition as well. You can exchange it for other currencies, buy more and more products and services with it. Everything that currency does, BTC does it too.

    And just because some people, or most people, or even by far most people don't accept BTC as currency as of today, it doesn't mean BTC isn't one.
    Last edited by Nostrix; 2017-12-08 at 03:00 AM.

  11. #231
    Moderator chazus's Avatar
    Join Date
    Nov 2011
    Location
    Las Vegas
    Posts
    15,116
    Quote Originally Posted by Nostrix View Post
    If you had gone to some third world country ruled by tribes instead of government, I can assure you they won't accept USD..
    \
    Pretty much. Currency is anything that holds value across multiple things.

    I used to sell sour gummy worms in grade school, there was an entire economy created around it as other people did too. The Red/Blue ones were always worth more (and that value changed from day to day). The money exchanged was used to buy more, and we also paid the lunch duty adults to allow us to do so as well, effectively a 'tax'. Not only that, but worms could be exchanged for other things too (snacks/desserts in peoples lunches, class supplies, etc)
    Gaming: Dual Intel Pentium III Coppermine @ 1400mhz + Blue Orb | Asus CUV266-D | GeForce 2 Ti + ZF700-Cu | 1024mb Crucial PC-133 | Whistler Build 2267
    Media: Dual Intel Drake Xeon @ 600mhz | Intel Marlinspike MS440GX | Matrox G440 | 1024mb Crucial PC-133 @ 166mhz | Windows 2000 Pro

    IT'S ALWAYS BEEN WANKERSHIM | Did you mean: Fhqwhgads
    "Three days on a tree. Hardly enough time for a prelude. When it came to visiting agony, the Romans were hobbyists." -Mab

  12. #232
    Scarab Lord Hiram's Avatar
    Join Date
    Jun 2012
    Location
    Θ Hidden Forbidden Hades
    Posts
    4,346
    This thread shows why crypto currenies are so hard to understand. We all talk about it but how many understand them?
    ‘I am NOTHING’: this parody of affirmation is the last word of sovereign subjectivity, freed from the dominion it wanted, or needed, to give itself over things…for I know that I am fundamentally this subjective and contentless existence.
    - Georges Bataille

  13. #233
    Moderator chazus's Avatar
    Join Date
    Nov 2011
    Location
    Las Vegas
    Posts
    15,116
    Quote Originally Posted by Hiram View Post
    This thread shows why crypto currenies are so hard to understand. We all talk about it but how many understand them?
    Not doing any research on it, and not bothering to learn about it, isnt the same as 'hard to understand'
    Gaming: Dual Intel Pentium III Coppermine @ 1400mhz + Blue Orb | Asus CUV266-D | GeForce 2 Ti + ZF700-Cu | 1024mb Crucial PC-133 | Whistler Build 2267
    Media: Dual Intel Drake Xeon @ 600mhz | Intel Marlinspike MS440GX | Matrox G440 | 1024mb Crucial PC-133 @ 166mhz | Windows 2000 Pro

    IT'S ALWAYS BEEN WANKERSHIM | Did you mean: Fhqwhgads
    "Three days on a tree. Hardly enough time for a prelude. When it came to visiting agony, the Romans were hobbyists." -Mab

  14. #234
    Quote Originally Posted by Nupomaniac View Post
    THAT is beside the point. Money is only good if people value it and accept it. Its only worth something if everyone agrees it s worth something.

    Just because some people are "excited" about the prospects of internet currency doesnt suddenly mean everyone else will take it in.
    Yeah, right now everyone agrees one bitcoin is worth 16,500 USD

  15. #235
    Quote Originally Posted by Typrax View Post
    Yeah, right now everyone agrees one bitcoin is worth 16,500 USD
    Not everyone.
    All right, gentlemen, let's review. The year is 2018 - that's two-zero-one-eight, as in the 21st Century - and I am sorry to say the world has become a pussy-whipped, Brady Bunch version of itself, run by a bunch of robed sissies.

  16. #236
    Quote Originally Posted by Elim Garak View Post
    Not everyone.
    Everyone who buys and sells it. The only ones who matter in determining its value.

  17. #237
    Quote Originally Posted by Typrax View Post
    Everyone who buys and sells it. The only ones who matter in determining its value.
    Wrong again.
    All right, gentlemen, let's review. The year is 2018 - that's two-zero-one-eight, as in the 21st Century - and I am sorry to say the world has become a pussy-whipped, Brady Bunch version of itself, run by a bunch of robed sissies.

  18. #238
    Quote Originally Posted by Elim Garak View Post
    Wrong again.
    Well, it's impossible to get through ignorance like this. So peace out I guess.

  19. #239
    Quote Originally Posted by Typrax View Post
    Well, it's impossible to get through ignorance like this. So peace out I guess.
    I wasn't trying to get through your ignorance with that.
    All right, gentlemen, let's review. The year is 2018 - that's two-zero-one-eight, as in the 21st Century - and I am sorry to say the world has become a pussy-whipped, Brady Bunch version of itself, run by a bunch of robed sissies.

  20. #240
    Quote Originally Posted by Elim Garak View Post
    I wasn't trying to get through your ignorance with that.
    Your ignorance. You're ignorant of cryptocurrency.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •