What's the most stupid comment you've heard about bitcoin? - page 9.

TheSmo

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Quote from: dogechode on March 10, 2014, 08:38:44 AM

Quote from: fryarminer on March 10, 2014, 08:30:33 AM

Quote from: glendall on March 06, 2014, 06:05:33 PM

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...

Wrong. Example: some natives gave away the gold in return of glass fake jewellery. So gold price is not valued on anything fixed.

I personally don't want to wear gold rings, so I would pay less for a ring of gold than my wife... if I had the choice, which I don't have, when my wife wants that ring, lol

.

dogechode

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Quote from: fryarminer on March 10, 2014, 08:30:33 AM

Quote from: glendall on March 06, 2014, 06:05:33 PM

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.

fryarminer

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Quote from: glendall on March 06, 2014, 06:05:33 PM

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.

tkbx

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Activity: 350

Merit: 251

Various news sources have declared Bitcoin "dead" multiple times. I forget the name, but one claimed Bitcoin was "dead" on no less than three occasions over the years. It's as though they don't realize people can go back and read the articles later on.

There was also that time that some major news agency claimed that "sure, Bitcoin claims they won't print more money, but sooner or later they'll get greedy and screw over all their users". I'll see if I can find a link.

BTCisthefuture

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Activity: 364

Merit: 250

i cant do just one... theres too many funny things people have said directly to my face.

in no order:

* bitcoin is only used for buying drugs online

* bitcoin got hacked, everyone lost their money

* the creator of bitcoin got in a high speed car chase and the police were called to his house, whats he trying to hide?

* it's a scam... youll see!

RobFordWotWot

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Activity: 280

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time

Quote from: Lauda on March 08, 2014, 10:21:45 AM

Quote from: dogechode on March 07, 2014, 02:36:17 AM

Well, sure bitcoin is used by drug dealers - along with every currency on the planet, basically.

Exactly. Mostly cash.

I sell drugs for pogs.

Lauda

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Activity: 2674

Merit: 2965

Terminated.

Quote from: dogechode on March 07, 2014, 02:36:17 AM

Well, sure bitcoin is used by drug dealers - along with every currency on the planet, basically.

Exactly. Mostly cash.

dogechode

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Well, sure bitcoin is used by drug dealers - along with every currency on the planet, basically.

farlack

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I sell ecigs at a local market, I have a bitcoin sign, and a woman walking past said "Don't accept bitcoin its not real money" I responded, I used to sell these for 3 BTC each all the time ($45) and sold them for $1000 each coin. She just looked at me, then walked away.

lol.

NCM

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That Satoshi Nakamoto is his real name. Cheesy

glendall

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Buzz App - Spin wheel, farm rewards

That bitcoin's value isn't 'based on anything' ...... when in comparison to fiat currency.

Taras

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Please do not PM me loan requests!

Quote from: j3steven on March 06, 2014, 05:52:01 PM

"Bitcoin is bankrupt" (ie she heard about Gox) and "It is used by drug dealers" (ie. Silk Road).

These two things. Dumbest and most popular misconceptions.

j3steven

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Activity: 112

Merit: 10

I got "talked to" by my mother-in-law yesterday because my wife told her about my interest in Bitcoin not too long ago. She told me in front of family that: "Bitcoin is bankrupt" (ie she heard about Gox) and "It is used by drug dealers" (ie. Silk Road).

I tried not to laugh. Tried. But then chuckled and explained to her about both.

fryarminer

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"This sounds like you for the past two years:"

https://www.youtube.com/watch?v=reo7WbibxaQ

MatthewLM

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I always hear people say "So it's basically like Paypal". *facepalm*

alexeft

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The implied one I read just now from a certain blonde reporter who supposedly found Satoshi Nakamoto.
"He was using anonymized email with his real name on it"!!!

Cheesy

exahash

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Activity: 278

Merit: 250

2011: Bitcoin is dead (after June MtGox hack and November price bottom)
2012: Bitcoin is dead (after pirateat40 default and glbse closure)
2013: Bitcoin is dead (after April and December price drops)
2014: Bitcoin is dead (after MtGox bankruptcy, and probably many more times)

CryptoPanda

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Activity: 910

Merit: 302

Quote from: HorseCoin on March 06, 2014, 02:05:16 PM

Mark Karpeles = Satoshi = Jesus = Buttcoin

omg, it's all connected!

HorseCoin

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Mark Karpeles = Satoshi = Jesus = Buttcoin

CryptoPanda

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Quote from: rgm108 on March 06, 2014, 11:31:56 AM

The "real" Satoshi Nakamoto has been found...

yeah this one is going to be the new hit in the next several days

Topic: What's the most stupid comment you've heard about bitcoin? - page 9. (Read 11436 times)