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Aug 13, 2017
7:22
:41
am
Zedhead
3rd String
What statement is flimsy? Why do you believe any currency has value?
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Zedhead
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Zedhead
Joined
Oct 9, 2010
Last login
Apr 18, 2024
Total posts
9,595 (276 FO)
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Messages
Author
Time
I still don't understand bitcoin
RedlandsCoug
8/13/17 6:46am
It's pushing $4k. Crazy. My $15 of bitcoin is worth $100 now.
supertux
8/13/17 6:46am
But why bitcoin to begin with?
RedlandsCoug
8/13/17 6:57am
You associate with drug traffickers?
NanoFab Coug
8/13/17 7:33am
I know drug traffickers use it. I don't know drug traffickers
RedlandsCoug
8/13/17 7:35am
Glad to see you are reaping the rewards of your all-in investment!
Florwood
8/13/17 7:33am
people think it has intrinsic value
Cougarealist
8/13/17 6:54am
When you need to pay the ransom because you got a virus that encrypted all of your files, you need bitcoin.
El Jefe
8/13/17 7:09am
What do you mean, it will be used nefariously
Cougarealist
8/13/17 7:36am
Most ransomware requires payment by bitcoin. I think that's driving demand for it.
El Jefe
8/13/17 8:46am
So those invested in bc have extra incentive to engage in creating ransomware
Twin Roots
8/13/17 9:17am
If you don't understand why cryptocurrencies have value
Zedhead
8/13/17 6:55am
Traditional currency has value because we choose to accept it.
RedlandsCoug
8/13/17 7:00am
I mean, might be good if you need a black
Cougarealist
8/13/17 7:04am
Overstock,Subway, Dell, Dish Network, Gap, T-Mobile
Zedhead
8/13/17 7:19am
<< Deleted >>
RedlandsCoug
8/13/17 7:21am
So a handful of stores. But overall very few people accept it.
RedlandsCoug
8/13/17 7:22am
This is not a complete exhaustive list. Just a few of the manor players.
Zedhead
8/13/17 7:24am
I guarantee that the subway outside my work doesn't.
RedlandsCoug
8/13/17 7:47am
statements like this are common, but really flimsy
Cougarealist
8/13/17 7:03am
What statement is flimsy? Why do you believe any currency has value?
Zedhead
8/13/17 7:22am
see, you believe Bitcoin has value
Cougarealist
8/13/17 7:29am
Currently it's An absolute fact that bitcoin has value as well
cougarfann888
8/13/17 7:41am
Ok, it has value compared to dollars
Cougarealist
8/13/17 7:47am
All currencies are valued compared to other currencies. And yes you can
cougarfann888
8/13/17 7:49am
Some of those things, yes. Look it up. There are places that accept bitcoin. I'd
supertux
8/13/17 8:08am
History
bluebloodedcoug
8/13/17 7:30am
This is so so true. Well put.
Jeremy
8/13/17 7:46am
Bought a bunch last month. I forgot about it and looked in my
bayareacoug
8/13/17 7:48am
Why is gold valuable? It's just a shiny rock that someone picked up?
Thunder Buddy
8/13/17 9:15am
there are uses for gold- but...
RedlandsCoug
8/13/17 11:03am
There are uses for blockchain tech. It may fizzle out or something better may
Thunder Buddy
8/13/17 11:10am
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