looks like i should start getting rid of my BTC my coins before i'm doomed!
Consider donating them to the courageous ones like me who can't barely wait to get screwed like the author is anticipating.
Don't bother for less than 10btc
))))) 
Topic: 2014-01-31 www.cracked.com - 4 Reasons Bitcoin Hoarders Are Screwed (Read 1451 times)
February 01, 2014, 03:24:57 PM
Consider donating them to the courageous ones like me who can't barely wait to get screwed like the author is anticipating.
Don't bother for less than 10btc
))))) February 01, 2014, 03:08:41 PM
looks like i should start getting rid of my BTC my coins before i'm doomed!
January 31, 2014, 10:24:01 PM
Sounds like its been written by someone with no bitcoins any more. He probably lost them or spent them all on a pizza 
Attempted hatchet job ... but with a blunt blade.
Attempted hatchet job ... but with a blunt blade.
January 31, 2014, 09:59:15 PM
This is not even FUD. It's just a crappy article with a misleading title.
January 31, 2014, 09:52:48 PM
Cracked never was visited by the brightest of individuals, and this article's comments section solidifies this observation.
January 31, 2014, 05:08:21 PM
QUICK! SELL! Before your bitcoins get stolen! And you have to pay taxes on them! What a travesty! Oh wait, you have to pay taxes on any gains from ANY source. 
This article is one of the dumbest I've seen recently.
This article is one of the dumbest I've seen recently.
January 31, 2014, 02:48:46 PM
Why do people write this kind of bullshit? I'm actually surprised at cracked.com for posting this because they're usually pretty intelligent especially in regards to the amount of research they do, I keep hoping that these people posting are just elaborate trolls and they actually already know about Bitcoin but it's one of those things where you just realise there are people that stupid in the world.
January 31, 2014, 12:52:44 PM
This is ridiculous...
Quote
So what's the problem? A systemic lack of safeguards against fraud. In other words, you have basically zero recourse if an 11-year-old in Turkmenistan decides to hack you and caper off with all of your bitcoins.
So a 11-year-old in Turkmenistan decides to hack me and that's it? I'm screwed and there's no chance I'm not going to lose everything i have? Quote
Anecdotally, users have been hoodwinked out of millions upon millions of dollars' worth of bitcoins, and one news anchor even got ripped off when he accidentally flashed his info on live TV.
He didn't accidentally flash it, he showed the private key to the camera having no idea what a paper wallet or a private key is. Quote
Sure, you can store your bitcoins offline, but that presents its own set of challenges. Just ask this poor bastard in Wales, who procured 7,500 then-worthless bitcoins in 2009, stored his account information on an old hard drive, forgot about it, and accidentally threw it out this past summer, leaving a few million dollars stuck under a landfill.
Wow, so mining bitcoins then forgetting about them for a few years is "storing"?? 
January 31, 2014, 12:19:59 PM
All 4 points are pure FUD or irrelevant.
January 31, 2014, 11:47:29 AM
Link: http://www.cracked.com/quick-fixes/4-reasons-bitcoin-hoarders-are-screwed/
I read Cracked for the lolz, not in the expectation of accurate reporting or wise counsel. So I'm not too incensed by the article. But it is rather lazy.
Point #4 (working backwards like they do) is irrelevant to anyone with half a brain. I'm very happy to brag, fate be damned, that no one is EVER going to steal my bitcoins. It's NOT GOING TO HAPPEN. But yeah, if you don't know what you're doing (hmm I'll keep 'em all on MtGox) you'd better not hoard any.
Point #3 has of course been done to death over the years. It's ghash NOW but it was Deepbit a long time ago, then BTC Guild, then ASICminer, then BTC Guild again, now it's kind of ghash and BTC guild combined. And they all know it's in their interests not to get 51% (or if they temporarily do, not to do mean things to the network with it)
Point #2 - well, yeah. So what?
Point #1 - it's as anonymous as you're willing to learn how to make it, just like, re #4, It's as safe as you're willing to learn how to make it. And this actually ties in to point #2. If you really consider paying taxes as the worst thing in the world, you have the means to evade them if you take your security and anonymity seriously. For myself, I'll be happy to use all the tried and tested methods that fall under the term 'avoidance' (legal yay!) rather than 'evasion' (legal boo!). In particular, I'll spend BTC rather than fiat whenever it is possible (and I have no more fiat left), and when it isn't, I'll convert BTC to fiat in as small quantities as possible. Not likely to go over CGT allowance there I reckon.
I read Cracked for the lolz, not in the expectation of accurate reporting or wise counsel. So I'm not too incensed by the article. But it is rather lazy.
Point #4 (working backwards like they do) is irrelevant to anyone with half a brain. I'm very happy to brag, fate be damned, that no one is EVER going to steal my bitcoins. It's NOT GOING TO HAPPEN. But yeah, if you don't know what you're doing (hmm I'll keep 'em all on MtGox
) you'd better not hoard any.Point #3 has of course been done to death over the years. It's ghash NOW but it was Deepbit a long time ago, then BTC Guild, then ASICminer, then BTC Guild again, now it's kind of ghash and BTC guild combined. And they all know it's in their interests not to get 51% (or if they temporarily do, not to do mean things to the network with it)
Point #2 - well, yeah. So what?
Point #1 - it's as anonymous as you're willing to learn how to make it, just like, re #4, It's as safe as you're willing to learn how to make it. And this actually ties in to point #2. If you really consider paying taxes as the worst thing in the world, you have the means to evade them if you take your security and anonymity seriously. For myself, I'll be happy to use all the tried and tested methods that fall under the term 'avoidance' (legal yay!) rather than 'evasion' (legal boo!). In particular, I'll spend BTC rather than fiat whenever it is possible (and I have no more fiat left), and when it isn't, I'll convert BTC to fiat in as small quantities as possible. Not likely to go over CGT allowance there I reckon.
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