Online Cash Bitcoin Could Challenge Governments, Banks

Discussion in 'privacy general' started by nightrace, Apr 16, 2011.

Page 30 of 134
  1. MisterB

    MisterB Registered Member

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    In response to Warren Buffet, I could say that the US dollar, Euro and all other major world currencies have no intrinsic value either. Since the major world powers stopped basing the value of their currencies on precious metals in the 1960s, there is nothing that gives any of them intrinsic value. Bitcoin is no different in that regard, just more volatile. Bitcoin was conceived of as a digital medium of exchange, not an investment. It just ended up that way due to it's rapid increase in value over the last year. All currencies get speculated upon but that is not their primary function.
     
    MisterB, Mar 18, 2014
    #726
  2. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 18, 2014
    #727
  3. Dermot7

    Dermot7 Registered Member

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    Dermot7, Mar 19, 2014
    #728
  4. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 20, 2014
    #729
  5. Dermot7

    Dermot7 Registered Member

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    Dermot7, Mar 20, 2014
    #730
  6. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 21, 2014
    #731
  7. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 21, 2014
    #732
  8. hawki

    hawki Registered Member

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    hawki, Mar 21, 2014
    #733
  9. siljaline

    siljaline Registered Member

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    Web Pioneer Keeps Faith, and Cash, in Bitcoin | Marc Andreessen Is Betting on Wide Adoption of Digital Currency Bitcoin
    http://online.wsj.com/news/article_...4579453501821936252-lMyQjAxMTA0MDIwMTEyNDEyWj
     
    siljaline, Mar 22, 2014
    #734
  10. siljaline

    siljaline Registered Member

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    siljaline, Mar 23, 2014
    #735
  11. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 24, 2014
    #736
  12. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 25, 2014
    #737
  13. siljaline

    siljaline Registered Member

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    Ransomware that demands Bitcoins is distributed by malware that steals bitcoins
    http://www.pcworld.com/article/2111...-distributed-by-bitcoin-stealing-malware.html
     
    siljaline, Mar 25, 2014
    #738
  14. JRViejo

    JRViejo Super Moderator

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    Bitcoin Currency Use Impeded by IRS Property Treatment by Richard Rubin and Carter Dougherty.​
     
    JRViejo, Mar 26, 2014
    #739
  15. mirimir

    mirimir Registered Member

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    Given the price volatility, this makes perfect sense :thumb:

    Also, back in the day, Bitcoin founders argued that it was a commodity, like gold, and not per se a currency. Right?
     
    mirimir, Mar 26, 2014
    #740
  16. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 26, 2014
    #741
  17. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 26, 2014
    #742
  18. Dermot7

    Dermot7 Registered Member

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    Dermot7, Mar 26, 2014
    #743
  19. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 26, 2014
    #744
  20. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 27, 2014
    #745
  21. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 27, 2014
    #746
  22. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 27, 2014
    #747
  23. mirimir

    mirimir Registered Member

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    That is an utterly US-centric statement ;)

    It means nothing to those not subject to US jurisdiction.
     
    mirimir, Mar 27, 2014
    #748
  24. PaulyDefran

    PaulyDefran Registered Member

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    What Bitcoins? LOL. I would like to know how the US IRS is going to know who has a BTC wallet on a USB drive, in their sock drawer? Silly US IRS.
     
    PaulyDefran, Mar 28, 2014
    #749
  25. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Mar 29, 2014
    #750
Page 30 of 134
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