The End of Bitcoin is Getting UGLY - Take Money From Killers, Drug Dealers and Lose It All, Brehs

Ice Water

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"Bitcoin is a digital or crypto-currency which is bought and sold online, but not backed by any country's central bank or government."

So Bitcoin is made up digital money, that only holds value if you wanna believe it has value I guess? :mindblown: How does one get their make believe money turned into real money?
 

ORDER_66

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The idea behind this digital currency was unsound anyways. If they made it to where the bitcoins hadbeen held some super encrypted deposit box or something it might be cool.
 

Rarely-Wrong Liggins

Name another Liggins hot I'm just honest.
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So Bitcoin is made up digital money, that only holds value if you wanna believe it has value I guess?

Well Bitcoin zealots will say that's all paper currency. That may be, but I can use paper currency nearly anywhere and I can deposit it easily without having to go through some sort of exchange process. I'm trying to understand why the Bitcoin crowd expects the world to take seriously a form of "currency" that was used almost exclusively to pay for weed, hitmen, prostitutes and child pornography. There's money to be made in speculation of the currency but I wouldn't invest in something so unstable long term. Anyone who cashed out at $1200 fukking won though.
 

methodz

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As a big supporter of bitcoin and someone semi invested in it since late 2011, I've been here during highs and lows, I've sold and bought during highs and lows and I still hold a decent amount which I consider as a nice safety net. Although I've been panicking lately due to the various frauds committed I still believe that there's some exceptional potential here. For a while now I've been thinking, there's so much secrecy regarding the creator/creation of BTC that it has NSA/Federal entities written all over it.

The mining which we the people who mine do using supercomputers mining blocks 24/7 has to have a point and my theory is that all the mining in the world when combined and connected becomes one Super PC for the guys at the NSA financed by we, the people. With the technology that they have such a theory can be validated and there's nothing surreal about it, There's Billions invested in those super rigs worldwide, that's one hell of a super PC.

The fact that the US government didn't rush to shut this down once it exploded made me a believer that this is one big inside job that gets the people to profit but gets another entity to profit from it much more, I also don't think they expected it to be so big. Whatever it ends up it was an innovative way for a lot of people to cash in, the guy that got me into it had sold a fair share when it was priced at around 60-70$, ended up paying for 75% down on a 200+k condo and a one year old Lexus. He still kept some which he sold at about 1K and cashed in enough money to just travel and chill for 3-4 years and he still holds some because the potential is too big to simply get out.
 

☑︎#VoteDemocrat

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Linz

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They take this anarchy shyt a little TOO far.

Why the fukk would you live in SINGAPORE tho?

At least do that shyt in countries where you can't get murked that easily :heh:
like america :drj:
 

☑︎#VoteDemocrat

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"Bitcoin is a digital or crypto-currency which is bought and sold online, but not backed by any country's central bank or government."

So Bitcoin is made up digital money, that only holds value if you wanna believe it has value I guess? :mindblown: How does one get their make believe money turned into real money?

I'm guessing you don't know what money is :heh:

That being said, bitcoin still has a few philosophical barriers to ever being taken seriously.
 
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