Bitcoin hits $100
- Thread starter lcver
- Start date
Buying some for sure, but not for the appreciation.
Need to understand how this all works, gotta eat the dogfood to do that.
Sure it could all go pop in the next year or so but if it's the brand new thing then I gotta be a part of it.
A man is a prisoner of the times in which he lives.
$105 and no disasters... I'm actually surprised there wasn't a big selloff today after it hit $100.
If it doesn't lose 25% in the next week, I'm calling it for $1,000 by later this year.
If it doesn't lose 25% in the next week, I'm calling it for $1,000 by later this year.
Alright, I just read this report, trying to keep an open mind.
I even followed through reading the paper about why bitcoin "isn't anonymous," because honestly I haven't done as much research as I'd like to in that area.
But all in all, I haven't found a single, credible rebuttle to bitcoin in any of it. It's all utter scaredy-cat CRAP.
His main point was all whiney stateist shit... 'Bitcoin can't work because it's wrong and states won't allow it and you'll be put in jail!'
Cry me a fucking river, uber-stateist douchebag. Someone here needs to study history more, I'd suggest he pick up books about the 1st half of the 20th century. (And then grow a pair.)
He goes on to flat out says that it's not fungible, which can be proven false.
He then argues that bitcoins aren't self-validating, (which can also be proven false) but then says dollars and gold are! For fucks sake!
He further goes into a long tirade about how it's not really anonymous, quoting the paper mentioned above... & at first I was starting to get a little concerned, but then I read that the paper is assuming that the user is a moron with no idea of what privacy is, and therefore doesn't follow the recommended procedure of using a new address per transaction.
Sure, your ID CAN be tied to your bitcoins if you're a drooling moron... I kinda like that feature about it, in fact. Morons get penalized for being dumb while people like me thrive.
Worse yet, this paper states that bitcoins can be "marked" so you could follow an address from user to user to user. (!)
Please tell me you're not falling for that one... It's the WALLETS that have addresses, not the coins! Wallets don't pass between people, coins do, so how could someone trace a wallet's movement?!?
This douche even goes on to say "the very act of trying to split up transactions or use of "throw-away" wallets in and of itself is likely to be ruled a crime..."
-I mean c'mon! Not only has FINCEN said that they'll only go after cheating exchanges, not cheating people... But this is so nutless on so many levels that I wonder if it was a unich who authored it!
I could go on, but the bottom line is this dude is both a coward and a moron. His source is a total joke, and I feel like the whole post is designed as a scare-away so he can sell his non-bitcoin financial products.
I thought his main point was the fact you can't go buy groceries with it, for example. Until that day comes, you can expect people to continue considering it a stock, not a currency.
:1orglaugh: I'm actually waiting to see if there's any major short term corrections so I could buy them cheaper.
His post did seem to go way beyond FinCen's standards or restrictions.
But considering how FinCen is monitoring exchanges and any currency exchangers such as coinbase, etc, seems the only anonymous way to buy them is thru localbitcoins or via any bitcoin ATMs like this one (or others) that were mentioned? Wonder if there's any in service nearby yet.
"Third, because Bitcoin is not state-linked and thus fluctuates in value"
I don't even.
Bitcoin miner anyone?
Bitcoin Mining Hardware - ASIC Bitcoin Miner - Butterfly Labs
Avalon ASIC
Huuuuuge waiting list but still, worth a gamble?
Bitcoin Mining Hardware - ASIC Bitcoin Miner - Butterfly Labs
Avalon ASIC
Huuuuuge waiting list but still, worth a gamble?