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  • #21
    Originally posted by bridgman View Post
    I don't think the bitcoin crowd has caught up with the guns & food crowd yet. Fingers crossed...

    Never understood the gold & silver thing though. Always figured that people would be more likely to deal in guns & food. And ammunition. And tequila
    i think these people are all the same they just use guns,food,drugs as a offline currency and bitcoin as there online currency for silk-road-market-place or other unlawful "FREEDOM" online activities .

    its just called: libertarian-anarcho-capitalism-cypherpunk

    these people are just people who think "resistance is NOT futile"

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    • #22
      bitcoin

      Originally posted by Kivada View Post
      Considering how few people have bought into that false economy, let alone the nut cases that have fallen for it hook line and sinker and are spending several grand of actual money in kit and power for fake money.

      The same people that do this are the end of the world nuts that stockpile food, guns, gold and silver in their basement turned fallout shelter.

      You can't run a GPU business off of these stupid people though.
      Bitcoin is a payment / monetary system, it is not "economy".
      It does nothing beyond exchanging money and securing the stack using processing power of volunteers.
      The volunteer efforts are compensated from payment transactions.
      The amount of compensation is tied up to amount of virtual currency, so that the more people help secure the system, the less compensation they get and vice versa.

      Should you have further questions, do not hesitate to read Wikipedia article on "Electronic money".

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      • #23
        Originally posted by brosis View Post
        Bitcoin is a payment / monetary system, it is not "economy".
        It does nothing beyond exchanging money and securing the stack using processing power of volunteers.
        The volunteer efforts are compensated from payment transactions.
        The amount of compensation is tied up to amount of virtual currency, so that the more people help secure the system, the less compensation they get and vice versa.

        Should you have further questions, do not hesitate to read Wikipedia article on "Electronic money".
        Right! And there is a multi-million-dollar-turnover business going on with bitcoins right now.

        Only naive and stupid people think you can not make good business with bitcoins.

        For example: "Bitcoin-based casino rakes in more than 300,000 profit in six months" http://www.wired.co.uk/news/archive/2013-01/23/bitcoin

        Its just the new gold-standard for the "internet"

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