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Topic: Bitcoin: Believer, or not - page 2. (Read 2436 times)

legendary
Activity: 1330
Merit: 1000
April 24, 2013, 07:51:15 PM
#21
I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.

How are they doing that??
I think he means the pump-and-dump attempts.

Specifically, I mean those trying to push up the price via regulation.  It can only end badly.
hero member
Activity: 490
Merit: 500
... it only gets better...
April 24, 2013, 11:26:22 AM
#20
Let's all vote Ponzi, cause the price dive and stock up.
legendary
Activity: 1680
Merit: 1035
April 24, 2013, 11:21:04 AM
#19
im a believer in crypto currencies not bitcoin, it has to many ills. momentum means nothing just look at an avalanche it too has momentum then look at the devastation it leaves behind when it comes to an hold. until the beginning of the year bitcoin was doing fine.

Yeah, but everyone who rides the avalanche ends up with so wealthy with so much snow and water!
legendary
Activity: 966
Merit: 1001
Energy is Wealth
April 24, 2013, 11:17:22 AM
#18
im a believer in crypto currencies not bitcoin, it has to many ills. momentum means nothing just look at an avalanche it too has momentum then look at the devastation it leaves behind when it comes to an hold. until the beginning of the year bitcoin was doing fine.
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
April 23, 2013, 03:30:14 PM
#17
I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.

How are they doing that??
I think he means the pump-and-dump attempts.

I wish people would call it all "Nigerian scamming attempts." It's no more accurate than the ponzi claims, but it at least sounds amusing.
I saw a thread claiming there actually were Nigerian bitcoin scams, though I don't know how much credibility to assign it. And remember that site that would let you buy all 21 million coins?
legendary
Activity: 1680
Merit: 1035
April 23, 2013, 03:23:38 PM
#16
I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.

How are they doing that??
I think he means the pump-and-dump attempts.

I wish people would call it all "Nigerian scamming attempts." It's no more accurate than the ponzi claims, but it at least sounds amusing.
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
April 23, 2013, 01:25:21 PM
#15
I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.

How are they doing that??
I think he means the pump-and-dump attempts.
legendary
Activity: 1680
Merit: 1035
April 23, 2013, 01:24:10 PM
#14
I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.

How are they doing that??
legendary
Activity: 1330
Merit: 1000
April 23, 2013, 03:01:20 AM
#13
I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.
sr. member
Activity: 476
Merit: 250
Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm
April 23, 2013, 02:28:03 AM
#12
Bitcoin is a potential means of ending the business cycle and all of the poverty, misery, and death that it causes.  For this reason, I am serious about promoting Bitcoin.  When the price goes up, I cheer, not because I own a lot of BTC (I don't), but because it is one measure of mankind's escape from business cycle currencies into safe currency and a bright future.
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
April 22, 2013, 08:18:54 PM
#11
Bitcoin won't replace fiat currencies for day to day transactions but in certain markets.

Every time I see this, it's never followed up with an argument.
Here's the argument: It requires significant infrastructure before it can be used in the place of cash. That is a barrier to some markets. This is why I prefer bullion for face to face transactions.

I'm a fan of cryptocurrencies. But why not just use bitcoins online and cash when I need to buy some lunch?  Roll Eyes
Fiat sucks, that's why. Unless by "cash," you meant a commodity-backed currency, like the dollar used to be?
member
Activity: 98
Merit: 10
April 22, 2013, 08:09:19 PM
#10
Bitcoin won't replace fiat currencies for day to day transactions but in certain markets.

Every time I see this, it's never followed up with an argument.
Here's the argument: It requires significant infrastructure before it can be used in the place of cash. That is a barrier to some markets. This is why I prefer bullion for face to face transactions.

I'm a fan of cryptocurrencies. But why not just use bitcoins online and cash when I need to buy some lunch?  Roll Eyes
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
April 22, 2013, 07:25:03 PM
#9
Bitcoin won't replace fiat currencies for day to day transactions but in certain markets.

Every time I see this, it's never followed up with an argument.
Here's the argument: It requires significant infrastructure before it can be used in the place of cash. That is a barrier to some markets. This is why I prefer bullion for face to face transactions.
hero member
Activity: 527
Merit: 500
April 22, 2013, 06:47:18 PM
#8
Bitcoin won't replace fiat currencies for day to day transactions but in certain markets.

Every time I see this, it's never followed up with an argument.
newbie
Activity: 28
Merit: 0
April 22, 2013, 08:18:30 AM
#7
Where can I buy some duck calls with my bitcoin?
newbie
Activity: 19
Merit: 0
April 22, 2013, 06:03:25 AM
#6
Bitcoin might, but cryptocurrencies are here to stay.

+1

I would not call myself "believer", but I think at least the concept of CC's is truly revolutionary and is here to stay for my lifetime.
legendary
Activity: 1218
Merit: 1001
April 22, 2013, 02:25:32 AM
#5
Bitcoin won't replace fiat currencies for day to day transactions but in certain markets, for example remittances to countries with exchange controls or with unstable financial institutions, its the best currency out there. Once we get closer to 21 million mined and the value of Bitcoin stops bouncing around, the currency will find its own niche and my guess is that each Bitcoin will be worth several thousand pounds.
hero member
Activity: 728
Merit: 500
April 22, 2013, 01:58:07 AM
#4
I'm here because this is an other interesting forum with lot of crazy people...

hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
April 22, 2013, 12:50:10 AM
#3
Bitcoin might, but cryptocurrencies are here to stay.
legendary
Activity: 1078
Merit: 1003
April 22, 2013, 12:44:19 AM
#2
The Pandora's box has been opened.  It's never going away Grin
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