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Even if bitcoin itself turns out to not be successful, it opens the door to potential legitimate electronic currencies in the future. 
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Apr 20, 2015 20:56
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it has so many applications
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Apr 20, 2015 20:58
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blockchain rules everything around me
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Apr 20, 2015 21:00
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Do you remember when you could buy like 10,000 Bitcoin for $10 and goons were all mad and saying it was a scam.
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Apr 20, 2015 21:02
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Return Of JimmyJars posted:Do you remember when you could buy like 10,000 Bitcoin for $10 and goons were all mad and saying it was a scam. it was and is, but you just missed out on profiting from the scam
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Apr 20, 2015 21:02
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Fergus Mac Roich posted:blockchain rules everything around me B.R.E.A.M. Get the virtual money
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Apr 20, 2015 21:04
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The Protagonist posted:it was and is, but you just missed out on profiting from the scam As long as people are willing to buy illegal drugs with it it's not a scam
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Apr 20, 2015 21:05
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Time to mail a check, let me just enclose a copy of every other check ever sent by man, and I'm good to go!
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Apr 20, 2015 21:07
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 but with bitcoin
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Apr 20, 2015 21:08
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Return Of JimmyJars posted:Do you remember when you could buy like 10,000 Bitcoin for $10 and goons were all mad and saying it was a scam. they were and still are doesn't mean that ~virtual currency~ is never going to happen but the idea that bitcoin can scale to anything beyond "hosed up weirdo enthusiasts" is laughable it's like this: if someone came to you with the Wright Flyer and told you that, with this new invention, he was going to build an elaborate system of airports that would ferry millions of people across the planet every day, he wouldn't be totally wrong, but he wouldn't be right either - there is a drat good loving reason we don't pile onto Wright Flyers to take international flights, and it's because the technology of flight had to mature and overcome significant early problems to get to point B first, with a lot of false starts and evolutionary dead ends along the way bitcoin enthusiasts see the Wright Flyer and strap themselves in, then sit there until they die yelling at everyone that this plane is going straight to the moon
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Apr 20, 2015 21:10
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reminder that "currency" literally means "the quality or state of being used or accepted by many people"
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Apr 20, 2015 21:13
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The Protagonist posted:it was and is, but you just missed out on profiting from the scam yeah, would be sweet to turn that into bearwhale $150 coins assuming i had the randomly generated digital noise name wallet address and password still around for like four/five years ANIME IS BLOOD posted:they were and still are virtual currency is already happening dude. it's called USD and anytime somebody buys a game on Steam with a credit/debit card they're using it as a virtual currency. Ignatius M. Meen fucked around with this message at 21:17 on Apr 20, 2015 |
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Apr 20, 2015 21:14
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Yeah I can see new kinds of electronic currency developing some time after bitcoin suffers it's 200th front-page-news snafu-and-ripoff dipshit rodeo and finally becomes such a joke that nobody discusses it seriously for 10 years, and eventually a new one will be developed by actual human beings who are just interested in this poo poo and are not embarrassing, mentally ill baboons
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Apr 20, 2015 22:37
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if i had millions in bitcoin could i even buy one house with it
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Apr 20, 2015 22:39
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LegoPirateNinja posted:if i had millions in bitcoin could i even buy one house with it
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Apr 20, 2015 22:41
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Ignatius M. Meen posted:
I don't know why this is so hard for people to wrap their heads around. I have these electronic pips on a bank mainframe. They represent my checking acct. balance. I send them to Chase via the internet to pay off my credit card that I used to buy gas for my car. No actual green, paper dollars ever changed hands. Everything was virtual.
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Apr 20, 2015 22:42
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Return Of JimmyJars posted:Do you remember when you could buy like 10,000 Bitcoin for $10 and goons were all mad and saying it was a scam. they said the same thing about my mlm, yet i'm now raking in thousands of dollars. why not join in, friend? the profits are only going up Up UP!
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Apr 20, 2015 22:42
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what about MTG cards
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Apr 20, 2015 22:43
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Time to put on my google glasses to purchase an occulus rift with my bitcoin
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Apr 20, 2015 22:43
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i have no idea how to buy a bitcoin, and i don't know what to do with a 0,00000001 bitcoin.
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Apr 20, 2015 23:02
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BigBoss posted:I don't know why this is so hard for people to wrap their heads around. I have these electronic pips on a bank mainframe. They represent my checking acct. balance. I send them to Chase via the internet to pay off my credit card that I used to buy gas for my car. No actual green, paper dollars ever changed hands. Everything was virtual. Yep. Like maybe there's a use for currency that literally doesn't have any existence in the real world at all but it sure doesn't seem like there's any that don't just end up looking like pointless bullshit or a scam; USD on the other hand is much more versatile since it works just as well both as regular greenbacks and digits in a mainframe.
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Apr 21, 2015 00:52
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Until Bitcoin is accepted by someone who doesn't have as assbergers it will never be legit.
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Apr 21, 2015 00:53
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like dogecoin
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Apr 21, 2015 00:53
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Apr 21, 2015 00:54
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that baby looks like the manager of a grocery store
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Apr 21, 2015 00:55
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baby?? Isn't that Wallace Shawn?
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Apr 21, 2015 01:03
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Ignatius M. Meen posted:Yep. Like maybe there's a use for currency that literally doesn't have any existence in the real world at all but it sure doesn't seem like there's any that don't just end up looking like pointless bullshit or a scam; USD on the other hand is much more versatile since it works just as well both as regular greenbacks and digits in a mainframe. i don't think cash is the reason dollars are useful. i mean they provide a means to conduct transactions anonymously but so does bitcoin. the real reason is that you have to pay taxes in dollars.
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Apr 21, 2015 01:08
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there should be a state encrypted currency with each unit of currency keyed by a central agency. every unit of currency has to phone home to a centralized state database and maintain conection, itd be entirely digital. that way all trade can be tracked and taxed
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Apr 21, 2015 01:10
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you could have a digital currency where every single transaction, a percentage is funneled to the state. this is my dream and i hope to see it realized
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Apr 21, 2015 01:12
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TEAYCHES posted:there should be a state encrypted currency with each unit of currency keyed by a central agency. every unit of currency has to phone home to a centralized state database and maintain conection, itd be entirely digital. that way all trade can be tracked and taxed unless you trade with bottle caps. checkmate, big gov
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Apr 21, 2015 01:12
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I saw a bar in Vegas that let you pay with bitcoin. That is my only experience with bitcoin. Thanks for reading.
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Apr 21, 2015 01:13
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TEAYCHES posted:you could have a digital currency where every single transaction, a percentage is funneled to the state. this is my dream and i hope to see it realized nice job owning all the people who make a living collecting tips under the table at their lovely service job
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Apr 21, 2015 01:13
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Fergus Mac Roich posted:nice job owning all the people who make a living collecting tips under the table at their lovely service job with all this extra revenue we can pay them a living wage or buy like 50 more f-35s
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Apr 21, 2015 01:14
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esn2500 posted:B.R.E.A.M. https://www.youtube.com/watch?v=bZCDifG3zQc
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Apr 21, 2015 01:14
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poo poo a dick
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Apr 21, 2015 01:14
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99 Headmates posted:[video type="youtu"]bZCDifG3zQc[/video] way to gently caress up that post idiot
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Apr 21, 2015 01:14
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Concerned Citizen posted:unless you trade with bottle caps. checkmate, big gov any contact with unauthorized currency will alert your iWatch people's bracelet and the proper authorities would be notified
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Apr 21, 2015 01:14
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Concerned Citizen posted:or buy like 50 more f-35s this one sounds cool as poo poo, other option sounds boring
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Apr 21, 2015 01:15
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I was going to buy bitcoins at one point and then I learned you had to meet in person to buy bitcoins. How the gently caress does that make sense? Let's take this virtual currency, but to get some you have to leave the internet and go to some dude's house with cash? Fuckin sketchy. Oh I think I was only supposed to do that because I wanted to buy drugs with them. Didn't get that far though lol
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Apr 21, 2015 01:16
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its going to be my lifes work to reverse the dream of bitcoin and create a digital currency enthralled to the new world order
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Apr 21, 2015 01:21
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