Topic: What's the most stupid comment you've heard about bitcoin? - page 8. (Read 11436 times)
"Bitcoin has no intrinsic value, unlike paper money"
"Bitcoin is completely anonymous and can never be traced"
That bitcoin's value isn't 'based on anything' ...... when in comparison to fiat currency.
Next time someone says that to me, I'm going to respond: "Yeah, and what's gold's value based on? Gold's value isn't based on anything either!"
The whole concept of having "value based on" something, is that paper money is paper money and is not worth more than paper.
Both of those statements are false. Gold is valuable because it is rare, prized for it's beauty, it has very useful properties such as its conductivity making it useful in certain (expensive) applications, etc...
Fiat currency is backed by a government, protecting its holders from complete devaluation except in the event of that government's collapse. Think what you will about governments and fiat currency, but that is the truth. Can they print more and de-value it? Sure. But it can never go down to zero (cryptos can and do) and if fiat goes down too much the government can step in and try to improve the situation.
Ok, I could say the same thing about bitcoin. It is valuable because it is rare, difficult to mine and has useful properties as a currency. So just as gold is not backed by anything but rather has intrinsic value, so also bitcoin has intrinsic value.
I don't care for fiat. The fact that our actions can be traced by others because of using fiat makes me kinda not want to use it. Get this: I got a new visa the other day. Swiped it once. Went to Google Play to update my credit card info. I clicked "New Card". A box popped up: "Is it this one?"
Quote
A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.
payments to be sent directly from one party to another without going through a
financial institution.
How is that a stupid comment? Is that a quote from the original Bitcoin Whitepaper?
That is the very first thing I heard about bitcoin. It's stupid enough for me.
I am not sure I understand ... are you saying this statement is stupid and or incorrect?
I was just trying to be funny. but it has turned out that most peer-to-peer payments do also go through a financial institution. So the original claim has not come true, yet. But honestly it isn't stupid. I'm more interested in things worth hearing than stupid things.
if you woulda bought 1k for $15 you could have sold for 1.2mil.
There should be thousands of people out there who have cashed out and are bitcoin millionaires. There should be lots of people cashing a few out to buy houses, cars, yachts, pay off all their bills. I don't know of ANY.
It seems that on PAPER you can be a millionaire, but it's damn near impossible to actually cash these things out in big amounts into fiat currency. This, to me, is a very huge sign that bitcoin's value is not what the exchanges say it is.
You're wrong, you can buy many things of high value with bitcoin. And it doesn't matter, selling 1k bitcoin isn't hard, it would be a swift process. Especially if you just want to cash out fast you can sell for less than market and they will fly off the shelf.
Oh how there are so many one could mention. Just read a NY Post article on bitcoin & you will "go stupid".
While many of you may have already watched this video I will post a link for its relevance to this discussion.
Shit Bitcoin Fanatics Say, Part 1 http://youtu.be/reo7WbibxaQ
The relevance come from a couple of comments he made on bitcoin. The majority of the video will make you laugh and perhaps laugh in self reflection.
While many of you may have already watched this video I will post a link for its relevance to this discussion.
Shit Bitcoin Fanatics Say, Part 1 http://youtu.be/reo7WbibxaQ
The relevance come from a couple of comments he made on bitcoin. The majority of the video will make you laugh and perhaps laugh in self reflection.
- "Instantaneous transactions"
- "No transactions fee's"
There should be thousands of people out there who have cashed out and are bitcoin millionaires. There should be lots of people cashing a few out to buy houses, cars, yachts, pay off all their bills. I don't know of ANY.
You just made a valid addition to the thread by not bothering to spend 2 seconds googling. What I got googling "Bitcoin Ferrari" was Goat's car (not even a ferrari)
http://postimg.org/image/6cq4vo9zt/
2 more seconds for an apartment:
http://article.wn.com/view/2013/10/30/Norwegian_man_buys_apartment_with_forgotten_27_bitcoin_inves/
...
Thank you! I've never heard of this! Awesome! I'll do more intense googling.
You don't even have to google if you just hang out here long enough. I saw Goat and his Lamborghini in person last week.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Quote
A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.
payments to be sent directly from one party to another without going through a
financial institution.
How is that a stupid comment? Is that a quote from the original Bitcoin Whitepaper?
That is the very first thing I heard about bitcoin. It's stupid enough for me.
I am not sure I understand ... are you saying this statement is stupid and or incorrect?
There should be thousands of people out there who have cashed out and are bitcoin millionaires. There should be lots of people cashing a few out to buy houses, cars, yachts, pay off all their bills. I don't know of ANY.
You just made a valid addition to the thread by not bothering to spend 2 seconds googling. What I got googling "Bitcoin Ferrari" was Goat's car (not even a ferrari)
http://postimg.org/image/6cq4vo9zt/
2 more seconds for an apartment:
http://article.wn.com/view/2013/10/30/Norwegian_man_buys_apartment_with_forgotten_27_bitcoin_inves/
...
Thank you! I've never heard of this! Awesome! I'll do more intense googling.
Quote
A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.
payments to be sent directly from one party to another without going through a
financial institution.
How is that a stupid comment? Is that a quote from the original Bitcoin Whitepaper?
That is the very first thing I heard about bitcoin. It's stupid enough for me.
http://teapartyeconomist.com/2014/02/25/bitcoins-debacle-mt-gox-disappears-digital-money/
I'm sure you can find the winner in this article.
I'm sure you can find the winner in this article.
There should be thousands of people out there who have cashed out and are bitcoin millionaires. There should be lots of people cashing a few out to buy houses, cars, yachts, pay off all their bills. I don't know of ANY.
You just made a valid addition to the thread by not bothering to spend 2 seconds googling. What I got googling "Bitcoin Ferrari" was Goat's car (not even a ferrari)
http://postimg.org/image/6cq4vo9zt/
2 more seconds for an apartment:
http://article.wn.com/view/2013/10/30/Norwegian_man_buys_apartment_with_forgotten_27_bitcoin_inves/
...
if you woulda bought 1k for $15 you could have sold for 1.2mil.
There should be thousands of people out there who have cashed out and are bitcoin millionaires. There should be lots of people cashing a few out to buy houses, cars, yachts, pay off all their bills. I don't know of ANY.
It seems that on PAPER you can be a millionaire, but it's damn near impossible to actually cash these things out in big amounts into fiat currency. This, to me, is a very huge sign that bitcoin's value is not what the exchanges say it is.
Adding this to the list of stupid things I've heard about bitcoin.
"I don't know of..." does not imply they aren't out there.
Bitcoin is overpriced though.
if you woulda bought 1k for $15 you could have sold for 1.2mil.
There should be thousands of people out there who have cashed out and are bitcoin millionaires. There should be lots of people cashing a few out to buy houses, cars, yachts, pay off all their bills. I don't know of ANY.
It seems that on PAPER you can be a millionaire, but it's damn near impossible to actually cash these things out in big amounts into fiat currency. This, to me, is a very huge sign that bitcoin's value is not what the exchanges say it is.
Not sure if the thread got derailed but here goes.
My dad claims to be big high roller blah blah stock and gold and bankflow, so back when btc was around $15 I told him about it, we argued for a few hours, let it go and went home, a little longer later, I'm trying to convince him to get some $40, "shoudlda bought 1k at $15 etc" well is not backed by anything blah blah, 2 years later I'm still trying to convince him to buy some I'm like fuck sakes dad if you woulda bought 1k for $15 you could have sold for 1.2mil. nope still not buying it, ignorant high roller attitude, he texted me the other day trying to gloat and brag in my face he said "BITCOIN JUST FILED FOR BANKRUPTCY HOW ABOUT THAT INVESTMENT!" I responded, no that was an exchange, no one owns bitcoin, an exchange collapsed and filed that. Everyone owns bitcoin, you could too. he replys "....."
My dad claims to be big high roller blah blah stock and gold and bankflow, so back when btc was around $15 I told him about it, we argued for a few hours, let it go and went home, a little longer later, I'm trying to convince him to get some $40, "shoudlda bought 1k at $15 etc" well is not backed by anything blah blah, 2 years later I'm still trying to convince him to buy some I'm like fuck sakes dad if you woulda bought 1k for $15 you could have sold for 1.2mil. nope still not buying it, ignorant high roller attitude, he texted me the other day trying to gloat and brag in my face he said "BITCOIN JUST FILED FOR BANKRUPTCY HOW ABOUT THAT INVESTMENT!" I responded, no that was an exchange, no one owns bitcoin, an exchange collapsed and filed that. Everyone owns bitcoin, you could too. he replys "....."
"Dorian Nakamoto's hat looks a lot like the anarcho-capitalist flag" 
sorry if that's already been mentioned...
sorry if that's already been mentioned...
I've heard so much stupid stuff from both sides of the fence.
Well the bitcoins are being hacked, their code isn't very secure if people are cracking it!
or
Well you have to be able to exchange them for money, otherwise what's the point. You're saying people will pay you money for something you got for free?
or
One bitcoin is going to be worth millions of dollars some day.
or
Well you have to be able to exchange them for money, otherwise what's the point. You're saying people will pay you money for something you got for free?
or
One bitcoin is going to be worth millions of dollars some day.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Quote
A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.
payments to be sent directly from one party to another without going through a
financial institution.
How is that a stupid comment? Is that a quote from the original Bitcoin Whitepaper?
Quote
A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.
payments to be sent directly from one party to another without going through a
financial institution.
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