Author Topic: What the eff is a bitcoin? (Read 6604 times)

Emo EMAW · « **on:** April 11, 2013, 10:50:18 AM »

Like I have this little fear all of you know about this and no one is talking about it.

puniraptor · « **Reply #1 on:** April 11, 2013, 10:52:01 AM »

I know about it.

EllRobersonisInnocent · « **Reply #2 on:** April 11, 2013, 10:53:38 AM »

Bitcoin (sign: BTC) is a decentralized[9] digital currency[10][11] based on an open-source,[12] peer-to-peer Internet protocol. It was introduced in 2009 by a pseudonymous developer, Satoshi Nakamoto

http://en.wikipedia.org/wiki/Bitcoin

Emo EMAW · « **Reply #3 on:** April 11, 2013, 10:54:17 AM »

Quote from: puniraptor on April 11, 2013, 10:52:01 AM

I know about it.

I KNEW IT!

Mrs. Gooch · « **Reply #4 on:** April 11, 2013, 10:54:53 AM »

https://www.weusecoins.com/en/

8manpick · « **Reply #5 on:** April 11, 2013, 10:56:26 AM »

Oh boy... Deep internet

Emo EMAW · « **Reply #6 on:** April 11, 2013, 11:00:17 AM »

How many of "you people" own or have owned in the past a bitcoin?

EllRobersonisInnocent · « **Reply #7 on:** April 11, 2013, 11:00:54 AM »

I prefer paper money

asava · « **Reply #8 on:** April 11, 2013, 11:01:09 AM »

It's a fairly incredible idea. Super volatile though. I did see someone selling their house for bitcoins though, which was kinda cool.

GCJayhawker · « **Reply #9 on:** April 11, 2013, 11:08:14 AM »

I don't understand how this whole thing works. So if someone buys something with bitcoins can the seller convert bitcoins into actual money? I don't see what the pluses of having bitcoins that are not actual money.

EllRobersonisInnocent · « **Reply #10 on:** April 11, 2013, 11:10:02 AM »

It's for people who hate "the system" and fiat currency. It's highly endorsed by Anonymous

puniraptor · « **Reply #11 on:** April 11, 2013, 11:11:16 AM »

Quote from: GCJayhawker on April 11, 2013, 11:08:14 AM

I don't understand how this whole thing works. So if someone buys something with bitcoins can the seller convert bitcoins into actual money? I don't see what the pluses of having bitcoins that are not actual money.

it is a separate currency which you can exchange for another currency at the current market rate

EllRobersonisInnocent · « **Reply #12 on:** April 11, 2013, 11:11:52 AM »

http://www.huffingtonpost.com/2013/04/11/hackers-bitcoin_n_3052648.html?utm_hp_ref=technology

SwiftCat · « **Reply #13 on:** April 11, 2013, 11:17:59 AM »

I know what it is but I don't really "get it" and will probably never use it.

bubbles4ksu · « **Reply #14 on:** April 11, 2013, 11:22:56 AM »

only complete idiots aren't using bitcoins to buy their drugs and weapons.

8manpick · « **Reply #15 on:** April 11, 2013, 11:26:00 AM »

Quote from: bubbles4ksu on April 11, 2013, 11:22:56 AM

only complete idiots aren't using bitcoins to buy their drugs and weapons.

How much is the $175 USD I owe you in bitcoins?

bubbles4ksu · « **Reply #16 on:** April 11, 2013, 11:27:39 AM »

Quote from: 8manpick on April 11, 2013, 11:26:00 AM

Quote from: bubbles4ksu on April 11, 2013, 11:22:56 AM
only complete idiots aren't using bitcoins to buy their drugs and weapons.

How much is the $175 USD I owe you in bitcoins?

1.8 BTC

Rams · « **Reply #17 on:** April 11, 2013, 11:40:50 AM »

Quote from: EllRobersonisInnocent on April 11, 2013, 11:10:02 AM

It's for people who hate "the system" and fiat currency. It's highly endorsed by Anonymous

an electronic currency that's endorsed by an organization that can basically hack into any system and take whatever they want? thanks I'll pass.

steve dave · « **Reply #18 on:** April 11, 2013, 11:42:49 AM »

it's not backed or insured by anyone. but, I mean, amazon doesn't sell yayo.

Stupid Fitz · « **Reply #19 on:** April 11, 2013, 12:18:08 PM »

you should buy as much as possible. Now is a good time for imaginary monies.

TheHamburglar · « **Reply #20 on:** April 11, 2013, 12:30:01 PM »

Quote from: Stupid Fitz on April 11, 2013, 12:18:08 PM

you should buy as much as possible. Now is a good time for imaginary monies.

Yup. 6 months ago I amassed a lot of Pocket Plane dollars. It's really paying off now.

Pete · « **Reply #21 on:** April 11, 2013, 12:30:59 PM »

They were like $40 a month ago.

Right now the price in dollars is probably a bubble, but no one can possibly know for certain.

The real money was in mining bit coins, but there are only a handful of outfits in the world who are fast enough to do it now.

Pete · « **Reply #22 on:** April 11, 2013, 12:32:17 PM »

Also, Saul and Kat Kid think they are like Dutch Tulips. They are retardos.

chunkles · « **Reply #23 on:** April 11, 2013, 12:34:44 PM »

DEEP WEB THREAD

Emo EMAW · « **Reply #24 on:** April 11, 2013, 01:05:16 PM »

So like normal people don't really mess with this stuff?