[QUOTE=Generic.Monk;43569013]wow more passive aggressive whining about how wrong everyone else is, keep up the good work!
I think bitcoins are a cool idea. Doesn't stop me from thinking they're basically useless atm. That they've been co-opted by people with mental political beliefs is a whole different kettle of fish.[/QUOTE]
Because what you're doing right now (and in almost every post of yours) isn't passive aggressive, right? People on forums are passive aggressive, get over it. I've seen you be extremely passive aggressive in a hell of a lot of your own posts too, so why are you even pursuing this path.
I didn't even target it at you, or anyone. It was a very, very general statement. And generally, it's true.
[editline]17th January 2014[/editline]
[QUOTE=JoeSkylynx;43569802]Litecoin = Cryptocurrency
Also my bias is the fact that I stowed away $350 to buy a new video card, and then suddenly OMGINTERNETCOINS and now I need an extra $150 that's going to be impossible to get in the coming months do to education and all that.[/QUOTE]
Why don't you just get an nvidia card- their value has remained stable because they suck at mining crypto.
idk i like being actively aggressive u shit
[QUOTE=NoDachi;43570272]idk i like being actively aggressive u shit[/QUOTE]
That too
If you want to get buttflustered over my first post, fine, I admit it could have had more substance, and that's why I backed it up with an in-depth explanation of exactly why he's wrong (or as in depth as I could be assed)
but don't bitch about argument styles as long as they aren't ad hominem, because I guarantee you at least do something just as bad on a daily basis.
[QUOTE=katbug;43570254]Because what you're doing right now (and in almost every post of yours) isn't passive aggressive, right? People on forums are passive aggressive, get over it. I've seen you be extremely passive aggressive in a hell of a lot of your own posts too, so why are you even pursuing this path.
I didn't even target it at you, or anyone. It was a very, very general statement. And generally, it's true.
[editline]17th January 2014[/editline]
Why don't you just get an nvidia card- their value has remained stable because they suck at mining crypto.[/QUOTE]
I was planning on running a Crossfire setup though :v:
[QUOTE=Chrille;43569276]What baffles me about Bitcoin (or any digital currency) is how it came to be accepted as a currency. Why did anyone agree that it was worth money in the first place?[/QUOTE]
The same way other[URL="http://en.wikipedia.org/wiki/Fiat_money"] fiat currencies[/URL] gain traction, convenience in one form or another.
When you're paying with a debit card, you're paying with fiat money.
[editline]17th January 2014[/editline]
[QUOTE=JoeSkylynx;43569802]Litecoin = Cryptocurrency
Also my bias is the fact that I stowed away $350 to buy a new video card, and then suddenly OMGINTERNETCOINS and now I need an extra $150 that's going to be impossible to get in the coming months do to education and all that.[/QUOTE]
2 sad 2 bad, don't blame others for snatching good deals infront of your nose because you were too slow.
C'est la vie, your fault for not accounting for such, it could've been AMD's chip facility that blew up instead, and thus jacked up the price due to lack of supply.
You're buttfrustrated and looking for a scapegoat to divert the blame you don't want to admit is yours.
i like how people don't understand that bitcoin as a currency whilst free from government intervention is also free from any safeguarding regulation
people buy bitcoins because they think it will build up value, not because they want to buy drugs with it
there's also like loads of people who lost out by pouring cash into bitcoins, so there's that too
[QUOTE=katbug;43568554]I think it's funny how the only people against bitcoin (or other cryptos) either
1. Don't understand how they work
2. Were against bitcoins when they first came out, and don't want to be proved a fool
3. Have a personal vendetta in some form or another (I.E. hate ideologies or philosophies that support bitcoin)
4. Can't stand to see people making cash from ~magic internet money~[/QUOTE]
Actually I hate then because they're a waste of resources which we need to conserve on, not use more because *insert whatever excuse here *.
[QUOTE=Sobotnik;43571888]i like how people don't understand that bitcoin as a currency whilst free from government intervention is also free from any safeguarding regulation
people buy bitcoins because they think it will build up value, not because they want to buy drugs with it
there's also like loads of people who lost out by pouring cash into bitcoins, so there's that too[/QUOTE]
but if people buy them because they are hoping its price will go up in time to then sell them, instead of using the coins to buy stuff, then it isn't being used as a currency at all is it?
It's literally "babby's first stock exchange simulator". I'd much rather put money on actual companies' stocks than invest it on bitcoins, lol.
[QUOTE=O Cheerios O;43571403]The same way other[URL="http://en.wikipedia.org/wiki/Fiat_money"] fiat currencies[/URL] gain traction, convenience in one form or another.
When you're paying with a debit card, you're paying with fiat money.
[editline]17th January 2014[/editline]
2 sad 2 bad, don't blame others for snatching good deals infront of your nose because you were too slow.
C'est la vie, your fault for not accounting for such, it could've been AMD's chip facility that blew up instead, and thus jacked up the price due to lack of supply.
You're buttfrustrated and looking for a scapegoat to divert the blame you don't want to admit is yours.[/QUOTE]
Uh...? It wasn't a deal, its just a matter of supply and demand, and in this case the supply was bought up by like fifty people who think that having sixty mining rigs running on GPU mining will do better then dedicated mining USBs.
Also pop an oxy from Silkroad, you are getting a little assholish when I haven't even said anything bad about mining, just the miners which are causing GPU Prices to skyrocket by $100 to $300.
[QUOTE=katbug;43568554]I think it's funny how the only people against bitcoin (or other cryptos) either
1. Don't understand how they work
2. Were against bitcoins when they first came out, and don't want to be proved a fool
3. Have a personal vendetta in some form or another (I.E. hate ideologies or philosophies that support bitcoin)
4. Can't stand to see people making cash from ~magic internet money~[/QUOTE]
I don't like it because the cryptocurrency "community" is fucking terrible. Its full of people constantly tipping random people insignificant amount of e-money to try and rope them in, so they can buy/mine currency to drive the prices up/spread ~anarachy moni~. Its literally the TF2 hat community on fucking steroids.
[QUOTE=katbug;43568554]I think it's funny how the only people against bitcoin (or other cryptos) either
1. Don't understand how they work
2. Were against bitcoins when they first came out, and don't want to be proved a fool
3. Have a personal vendetta in some form or another (I.E. hate ideologies or philosophies that support bitcoin)
4. Can't stand to see people making cash from ~magic internet money~[/QUOTE]
Or maybe it's because of how cancerous the cryptocurrency community is right now, like Dermock pointed out here.
[QUOTE=Dermock;43572854]I don't like it because the cryptocurrency "community" is fucking terrible. Its full of people constantly tipping random people insignificant amount of e-money to try and rope them in, so they can buy/mine currency to drive the prices up/spread ~anarachy moni~. Its literally the TF2 hat community on fucking steroids.[/QUOTE]
Bitcoins aren't that bad on their own but pretty much everyone who spends a lot of time working with it are horribly greedy and just want to make a quick buck, and good luck trying to deny that.
[QUOTE=Dermock;43572854]I don't like it because the cryptocurrency "community" is fucking terrible. Its full of people constantly tipping random people insignificant amount of e-money to try and rope them in, so they can buy/mine currency to drive the prices up/spread ~anarachy moni~. Its literally the TF2 hat community on fucking steroids.[/QUOTE]
Stoutshakocoins.
[QUOTE=Aphtonites;43572975]Or maybe it's because of how cancerous the cryptocurrency community is right now, like Dermock pointed out here.
Bitcoins aren't that bad on their own but pretty much everyone who spends a lot of time working with it are horribly greedy and just want to make a quick buck, and good luck trying to deny that.[/QUOTE]
A friend in TN once described to me a band of bitcoin miners who tried to buy pizza with bitcoins and prevented anyone else from making a purchase until their bitcoin was accepted.
[editline]17th January 2014[/editline]
And it wasn't.
[QUOTE=Generic.Monk;43569259]hahahaha[/QUOTE]
The bomb is ticking. Keep on laughing.
[url]http://en.wikipedia.org/wiki/List_of_countries_by_external_debt[/url]
Fuck bitcoin, seriously. The only people that believe in it anymore are 14 year olds on reddit.
[QUOTE=katbug;43568554]I think it's funny how the only people against bitcoin (or other cryptos) either
1. Don't understand how they work
2. Were against bitcoins when they first came out, and don't want to be proved a fool
3. Have a personal vendetta in some form or another (I.E. hate ideologies or philosophies that support bitcoin)
4. Can't stand to see people making cash from ~magic internet money~[/QUOTE]
Nice to see your comprehensive list doesn't list the possibility that people can not like bitcoin since they are a massively flawed solution looking for a problem to solve.
but list me down for number 3 as well, since its pushers are inevitably idiots.
[editline]18th January 2014[/editline]
[QUOTE=Sobotnik;43571888]i like how people don't understand that bitcoin as a currency whilst free from government intervention is also free from any safeguarding regulation[/QUOTE]
There's an issue here, since many of the people who use bitcoins for ideological reasons have foregone conclusions to what currencies are and how they should operate, regardless of what works the best in real life. 'Safeguarding regulation' in their eyes is morally the same as robbing them since their ideology allows for literally zero nuance or pragmatism. Ergo, regulation bad, bitcoin good.
They could exchange it for mining machines and just see where it goes.
Perhaps leading to a self funding department, someday.
[QUOTE=draugur;43564289]Dear FBI, please sell them all for like, $1 per coin. If you crash the market, you'll be able to tots hit the drug market hard.
(I just want bitcoins to crash hard so I can laugh at people that bought them for $1000 a piece.)[/QUOTE]
I get the feeling that most of the people who want BTC to crash are just sore that they didn't invest in them early on and become millionaires.
I mean yeah it blows that we didn't ride the wave but what can you do?
[editline]17th January 2014[/editline]
[QUOTE=Lonestriper;43576947]they are a massively flawed solution looking for a problem to solve.[/QUOTE]
Money that isn't controlled or valued by a central government is pretty important, whether you agree with it or not. Yes it's a volatile currency but it's not evil or anything.
[QUOTE=Qwerty Bastard;43577951]I get the feeling that most of the people who want BTC to crash are just sore that they didn't invest in them early on and become millionaires.[/QUOTE]
You can still criticize something for its flaws, even if you do benefit or don't from it.
Keynes made shitloads playing the stock market during the Great Depression, while he himself advocated a new economic theory.
[quote]Money that isn't controlled or valued by a central government is pretty important, whether you agree with it or not. Yes it's a volatile currency but it's not evil or anything.[/quote]
Herein lies the problem.
Good qualities for money should be that it's relatively stable and a secure store of wealth. It should ideally have a low inflation rate (to prevent hoarding).
Decentralized currencies don't really work in the long run because governments are built around keeping their currency stable and secure (if they didn't, they would quickly run into problems). With bitcoin, nobody is there to promise any certainty.
[QUOTE=Qwerty Bastard;43577951]I get the feeling that most of the people who want BTC to crash are just sore that they didn't invest in them early on and become millionaires.
I mean yeah it blows that we didn't ride the wave but what can you do?
[editline]17th January 2014[/editline]
Money that isn't controlled or valued by a central government is pretty important, whether you agree with it or not.[/QUOTE]
Important for what?
[QUOTE=MightyLOLZOR;43576484]Fuck bitcoin, seriously. The only people that believe in it anymore are 14 year olds on reddit.[/QUOTE]
Oh yeah and the massive and serious investor base
[QUOTE=Qwerty Bastard;43577951]I get the feeling that most of the people who want BTC to crash are just sore that they didn't invest in them early on and become millionaires.
I mean yeah it blows that we didn't ride the wave but what can you do?
[editline]17th January 2014[/editline]
Money that isn't controlled or valued by a central government is pretty important, whether you agree with it or not. Yes it's a volatile currency but it's not evil or anything.[/QUOTE]
I fail to follow on how a decentralized currency is actually a good thing. Yes it creates a medium for trade that isn't under adherence of a controlled power, but it doesn't prevent conflict like most seem to think.. If anything it'll lead to conflicts to use decentralized currency to get centralized currency which can actually be used through out every market.
Take for example MMOs and the infamous "gold traders"... You got players who want to purchase decentralized currencies that are based on a system of code, but they use centralized currencies to purchase and trade these currencies, or at the very least put some form of value on them.
[URL="http://www.runescape4golds.com/Runescape4-Gold/"]This is a Runescape "cash4gold" site where people spend RL currency to purchase ingame currency[/URL]. Much like the cryptocurrency market, the base of how much gold costs is based on the Grand Exchange in Runescape, and how much gold is being transferred back and forth. If the Grand Exchange didn't exist, no value would be exclusively put on gold, unless some group magically went "YUP. ITS $2.50 FOR 1MIL" and this was the case for quiet some time on Runescape before the introduction of the Grand Exchange. This was fine until it became found out that a bunch of PVP'ers had been hired by these "Cash4Gold" groups to hunt down other trading groups in the Wilderness and kill them in order to take their gold so they could sell it. Not only effecting the C4G people, but also effecting those which purchased the gold. Tie in the fact that people used stolen credit cards to purchase Gold, and their was once a group of mafia families in the Mexico and the United States that used Runescape to launder money, and you have a situation where the whole "decentralized currency" is actually regulated, and is causing more harm then good.
We are actually already experiencing the effects of Cryptocurrencies on the pro-gaming leagues which require you to download modules to play scrim matches and shit. Just recently their was a massive scandal with the ESEA, who was found to be using their modules to inject people's machines into a bitcoin mining operation.
Decentralized Currencies are not only bad, but they are responsible for more criminal underworld money laundering then the actual real life currencies. If you can't monitor and moderate where things go, you are only feeding criminal organizations an easy route to launder and steal.
Also, an anarcho-capitalist by the way.
[QUOTE=Crumpet;43567592]Silk Road [B]didnt[/B] sell anything the vendors did
regardless, no[/QUOTE]
Silk road has been up and running for some time now.
[QUOTE=Lonestriper;43578499]Important for what?[/QUOTE]
MUH FREEDOMS
MUH LIBERTARIAN CIRCLEJERK
[QUOTE=katbug;43580073]Oh yeah and the massive and serious investor base[/QUOTE]
Lmfao what "massive and serious investor base"?
[QUOTE=Sobotnik;43582651]Lmfao what "massive and serious investor base"?[/QUOTE]
The people dropping huge amounts of money into it just yesterday I saw 2 $200k buy orders on Mtgox get filled.
[QUOTE=King Penisless;43582732]The people dropping huge amounts of money into it just yesterday I saw 2 $200k buy orders on Mtgox get filled.[/QUOTE]
By serious, I mean things like "People who aren't connected to the criminal underworld".
[QUOTE=King Penisless;43582732]The people dropping huge amounts of money into it just yesterday I saw 2 $200k buy orders on Mtgox get filled.[/QUOTE]
Yeah that's great, the probably chose one of the shittiest stocks they could ever use.
[QUOTE=Sobotnik;43582786]By serious, I mean things like "People who aren't connected to the criminal underworld".[/QUOTE]
It's just like any stock, only more volatile. Don't kid yourself into thinking that any hardcore criminal is going to use bitcoins on a daily basis. The entire blockchain is 100% transparent, and you can see where ANY trade comes and goes.
Edit: or at least don't kid yourself that there are enough of those people to make up almost the entire serious investor base.
[QUOTE=katbug;43585408]It's just like any stock, only more volatile. Don't kid yourself into thinking that any hardcore criminal is going to use bitcoins on a daily basis. The entire blockchain is 100% transparent, and you can see where ANY trade comes and goes.
Edit: or at least don't kid yourself that there are enough of those people to make up almost the entire serious investor base.[/QUOTE]
Who?
Are there any banks or credit unions in on this? Any companies in any industry outside of like, manufacturing bitcoin mining cards? Do any governments see any merit in it? Do people even trust it as a store of value?
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