Any one here familair with Bitcoin?

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Any one here familair with Bitcoin?

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Contributor: Gary Gary
Any one here familiar with Bitcoin? If so, what do you think about the idea of using Bitcoin to anonymously pay for adult sites and such things?
04/16/2013
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Contributor: Gunsmoke Gunsmoke
I just learned about Bitcoin earlier this week - so I'm surely no expert and have never used it. They do have valuation issues - so you open yourself up to currency fluctuations. I suppose if you are comfortable with the risk - give it a try.
04/16/2013
Contributor: GONE! GONE!
I know a bit. I know they crashed and they're used a lot on the shady side of the web (And I don't mean porn.).
04/16/2013
Contributor: Gary Gary
Quote:
Originally posted by GONE!
I know a bit. I know they crashed and they're used a lot on the shady side of the web (And I don't mean porn.).
Yeah, that is how I originally found out about it. Some of the smarter computer people I know use it, and go on the silk road.
04/16/2013
Contributor: Gone (LD29) Gone (LD29)
I'd never heard of this before. Interesting...
04/16/2013
Contributor: gsfanatic gsfanatic
They're a currency based on magic, which means as long as people keep believing in them, they'll be stable. It could be useful to buy and use them immediately, but over time they're more than a bit risky
04/16/2013
Contributor: Gary Gary
Quote:
Originally posted by gsfanatic
They're a currency based on magic, which means as long as people keep believing in them, they'll be stable. It could be useful to buy and use them immediately, but over time they're more than a bit risky
"They're a currency based on magic, which means as long as people keep believing in them, they'll be stable." I agree with this statement, however, the same is true about the US dollar. We went off the gold standard in the 30's which means that there is nothing backing the dollar but faith. And if you break down the loan system of the Federal Reserve - all physical cash is actually of a negative value in debt.
04/17/2013
Contributor: Gary Gary
In case any of you are following this bitcoin stuff, there is a new article, discussing a future summit to discuss the possible future use of bitcoin.
05/07/2013