Never try to teach a pig to sing; it wastes your time and it annoys the pig.
― Robert Heinlein
Topic: help me explain bitcoin (Read 878 times)
Yeah this one looks like a troll
You'd better post links to description of bitcoin and ignore him
You'd better post links to description of bitcoin and ignore him
most likely one of them is a troll, this could go on forever 
now i am closed minded!
forum member 2
my reply
forum member 2
my reply
now i am closed minded!forum member 2
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Silver is better. Competing currencies are good. Yours just isn't top dawg, and never will be. I'm glad you take a very close minded (bitcoin rocks if you don't agree your stupid stfu!) stance on it I'm sure it will turn on many people to join your highly superior intellectual ways, and if they don't.... Survival of the fittest is on your side :arrow: :lol:
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i don't care if bitcoin is top dawg or not and i don't think people are stupid if they don't support bitcoin, certain things that were said in regard to bitcoin were just plane false so i tried to provide some more accurate information as obviously people are confused, sorry if i have offended you.
forum member 2
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Follow up question:
What measures does bitcoin have to guard against an EMP?
What measures does bitcoin have to guard against an EMP?
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what will happen to all monetery systems in the unlikely event of a electromagnetic pulse?
They are trolls 
WOW, i really am dealing with complete morons! If anyone likes Amsterdam coffeeshops 
and bitcoins, please join the forum is question.
http://coffeeshopdirect.info/viewtopic.php?f=3&t=24514&start=15
I can't, I'm much more aggressive than you, I would have insulted them long ago... and bitcoins, please join the forum is question. http://coffeeshopdirect.info/viewtopic.php?f=3&t=24514&start=15
Thanks for explaining Bitcoin with calm
Maybe it would be worth to keep track of these threads/articles where misinformations are spread so that one of us can go there and explain bitcoin while others can watch
This way we can give advices without interfering the discussion (which would look like an invasion...)
WOW, i really am dealing with complete morons! If anyone likes Amsterdam coffeeshops and bitcoins, please join the forum is question.
http://coffeeshopdirect.info/viewtopic.php?f=3&t=24514&start=15
forum member 2
my reply
another forum member
my reply
member 2
my reply
Oh you mean how you told me to think and read before I post? Fuck off.
forum member 1
+5
to be fair elasticband your original replies to both me and redeyezman were rather condescending, but your posts since have actually been quite informative, because as you so eloquently pointed out, i know shit all about bitcoins! :mrgreen:[/quote]
my reply
and bitcoins, please join the forum is question. http://coffeeshopdirect.info/viewtopic.php?f=3&t=24514&start=15
forum member 2
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How exactly is the supply of bitcoins increased?
We know the federa reserve prints more when more is needed. We know precious metals are physical assets pulled from the ground... You say bitcoins are mined?.. Uhh no. I think they just issue more when needed but it's more transparent? And perhaps not as often?
We know the federa reserve prints more when more is needed. We know precious metals are physical assets pulled from the ground... You say bitcoins are mined?.. Uhh no. I think they just issue more when needed but it's more transparent? And perhaps not as often?
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Sorry I am afraid you obviously know nothing about bitcoin if you think they are not mined and are issued freely as an when. Bitcoin has a market cap of 21million coins and it is mined not issued by a central authority, maybe try reading a little before you think then type.
another forum member
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I know bitcoins are bits of code so to speak, "mined" or created by running staggering amounts of bitcoin transaction data, thereby underpinning the creation of more bitcoins but I cant get away from the feeling that it's major value at this time is for off the radar shopping, and of course the bitcoin dealers. I wonder how much of the transaction data relates just to bitcoin dealing.
Hey I aint dishing it by the way, my knowledge is limited to what I read on Wiki. http://en.wikipedia.org/wiki/Bitcoin I'm interested in it though and I shall continue to follow it's career. Will this be the one that rules the planet by 2140 when they stop mining :?:.
Hey I aint dishing it by the way, my knowledge is limited to what I read on Wiki. http://en.wikipedia.org/wiki/Bitcoin I'm interested in it though and I shall continue to follow it's career. Will this be the one that rules the planet by 2140 when they stop mining :?:.
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Minining might stopbhefore 2140, the hashing power added to the network increases difficulty of mining, every 4 years the block reward is halved, eventually it may be so difficult to mine the last coins may never be brought to light, just as we may never mine all the gold on the planet, the more gold mined the more difficult it is to find.
If you have any questions about btc please ask and I will do my best to answer them, be that online or face to face enjoying a spliff, i am by no means an expert but i have more experience and understanding than most.
Also in regard to btc transactions in terms of buying things, its the same as gold, you cant just walk into a albert heijn and spend gold.
the majority if gold transactions are in regard to investment, I would say the same for btc at the moment
If you have any questions about btc please ask and I will do my best to answer them, be that online or face to face enjoying a spliff, i am by no means an expert but i have more experience and understanding than most.
Also in regard to btc transactions in terms of buying things, its the same as gold, you cant just walk into a albert heijn and spend gold.
the majority if gold transactions are in regard to investment, I would say the same for btc at the moment
member 2
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elasticband wrote:
If you have any questions about btc please ask and I will do my best to answer them, be that online or face to face enjoying a spliff, i am by no means an expert but i have more experience and understanding than most.
Oh you mean how you told me to think and read before I post? Fuck off. Chances are I've forgot more than you know. I havnt read up on bitcoin because you can't put it in my hand THEREFOR its NOT mind. Just because they devised a way to slowly trickle out artificial/digital currency in seemingly honest way doesn't mean as much if it can't be put in my hand. You have knowledge but do you have wisdom?
A bird in the hand is worth 2 in a bush.
Bitcoin is an alternative to centeral banks. Despite its flaws that is good and it did break the mold. A key piece to ever evolving history. I'm on your side so don't take it all to serious guy.
Time to smoke one :mrgreen:
If you have any questions about btc please ask and I will do my best to answer them, be that online or face to face enjoying a spliff, i am by no means an expert but i have more experience and understanding than most.
Oh you mean how you told me to think and read before I post? Fuck off. Chances are I've forgot more than you know. I havnt read up on bitcoin because you can't put it in my hand THEREFOR its NOT mind. Just because they devised a way to slowly trickle out artificial/digital currency in seemingly honest way doesn't mean as much if it can't be put in my hand. You have knowledge but do you have wisdom?
A bird in the hand is worth 2 in a bush.
Bitcoin is an alternative to centeral banks. Despite its flaws that is good and it did break the mold. A key piece to ever evolving history. I'm on your side so don't take it all to serious guy.
Time to smoke one :mrgreen:
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Oh you mean how you told me to think and read before I post? Fuck off.
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I told you to read before coming out with misinformation, the statements you came out with regarding bitcoin were incorrect, thus i told you to read before posting. No need to start telling people to fuck off
also you can hold bitcoin in your hand if you choose too, again your information is flawed, maybe just do some reading before you keep typing? I can answer questions, i don't really want to keep telling you that your information is wrong though.
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Fuck off. Chances are I've forgot more than you know. I havnt read up on bitcoin because you can't put it in my hand THEREFOR its NOT mind.
thank you for admitting you know nothing about what you speak +5
also you can hold bitcoin in your hand if you choose too, again your information is flawed, maybe just do some reading before you keep typing? I can answer questions, i don't really want to keep telling you that your information is wrong though.
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Fuck off. Chances are I've forgot more than you know. I havnt read up on bitcoin because you can't put it in my hand THEREFOR its NOT mind.
thank you for admitting you know nothing about what you speak +5
forum member 1
to be fair elasticband your original replies to both me and redeyezman were rather condescending, but your posts since have actually been quite informative, because as you so eloquently pointed out, i know shit all about bitcoins! :mrgreen:[/quote]
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My original posts may have come of as condescending, but sadly both of your posts was full of misinformed trash slating something i am quite interested in. I don't care if you trust or like bitcoin, i care about people being highly misinformed.
Thank you for admitting when you are wrong though, it takes a big person to publicly do so!
Thank you for admitting when you are wrong though, it takes a big person to publicly do so!
The Bitcoin catalog is pretty good. Some people find it easier to understand than just explaining to them person to person.
Its online currency
I think this person is just afraid of Bitcoin because he/she doesn't understand what it is...Many people just don't trust something that they don't fully understand.
Coindesk has an "information" page about Bitcoin. Maybe they can read about it and get more familiar with Bitcoin.
Coindesk Beginner's guide
Coindesk has an "information" page about Bitcoin. Maybe they can read about it and get more familiar with Bitcoin.
Coindesk Beginner's guide
In chinese ?
Don't worry about them. They'll be the ones regretting when we are surrounded by mountains of gold bought with our bitcoins.
So i am not the best at explaining bitcoin to people, and it has come up on another forum i frequent, specifically as something shady and with mistrust around it. bellow is the members comment and bellow is my reply. Anything else i could add to try and enlighten some people?
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the whole bitcoin thing seems hella dodgy to me. i mean, i know it's "legit" right, but the fact they can fluctuate in value as a "cyber-currency" just don't sit will with me. and everyone automatically assumes your doing something shady if you have them because of the anonymity and the fact that silk road utilizes them; i wouldn't want to convert them into cash deposits into my real bank in case somebody started watching my activity....but i wouldn't want them in the first place anyway!
/paranoia
/paranoia
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well in your terms, gold, silver and any other finite resource that fluctuates in value does not sit well with you.
gold hit an all time high of about 1900$ per troy ounce, then dropped in value to about 1400$.
anyone who bought a kilo of gold at the high and is still holding has lost $17500.
Did you know that several years ago, one british pound would exchange to 1.4 euro, today it will only exchange into 1.17....... see a growing trend here?
In regard to bitcoins offerings of anonymity, every bitcoin transaction is logged in the blockchain and can be traced to it's end point esentially. every other tangible currency offers certain means of anonymity for cash in hand transactions, just cause you can buy drugs with bitcoin does not make them shady, this would also make all government currency shady, people have been buying drugs and laundering money with dollar forever.
it is much more transparent than the currencies issued by goverments.
also, it's not really a cyber currency. Currencies are not mined, they are minted by centralized authorities, bitcoin is more of a digital finite resource which is mined, a bit like the miners of the old days that set out west in search of gold!
gold hit an all time high of about 1900$ per troy ounce, then dropped in value to about 1400$.
anyone who bought a kilo of gold at the high and is still holding has lost $17500.
Did you know that several years ago, one british pound would exchange to 1.4 euro, today it will only exchange into 1.17....... see a growing trend here?
In regard to bitcoins offerings of anonymity, every bitcoin transaction is logged in the blockchain and can be traced to it's end point esentially. every other tangible currency offers certain means of anonymity for cash in hand transactions, just cause you can buy drugs with bitcoin does not make them shady, this would also make all government currency shady, people have been buying drugs and laundering money with dollar forever.
it is much more transparent than the currencies issued by goverments.
also, it's not really a cyber currency. Currencies are not mined, they are minted by centralized authorities, bitcoin is more of a digital finite resource which is mined, a bit like the miners of the old days that set out west in search of gold!
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