Topic: Bitcoins hit *$6*.
Bitcoins !5qPJGR/JRI started this discussion 15 years ago #5,726
http://mtgox.com/
Memories...
> lol why not just use monopoly money lol??
Who's laughing now, faggot?
Memories...
> lol why not just use monopoly money lol??
Who's laughing now, faggot?
Anonymous B joined in and replied with this 15 years ago, 1 minute later[^] [v] #99,457
Nobody cares.
Mindblast !!4IKKtS9GG joined in and replied with this 15 years ago, 8 minutes later, 9 minutes after the original post[^] [v] #99,459
Ash Ketchup !bbKEtchUp. joined in and replied with this 15 years ago, 1 hour later, 1 hour after the original post[^] [v] #99,475
Wish I'd bought £100 worth when they were like 6 pence.
Anonymous E joined in and replied with this 15 years ago, 15 minutes later, 2 hours after the original post[^] [v] #99,477
drea joined in and replied with this 15 years ago, 3 hours later, 5 hours after the original post[^] [v] #99,485
jebus
Nickalollyoff !Aw0s40dyqw joined in and replied with this 15 years ago, 1 hour later, 6 hours after the original post[^] [v] #99,521
so fucking what
you could have $4000 worth of broken desk tidies, doesn't mean any fucker is ever going to buy them
you could have $4000 worth of broken desk tidies, doesn't mean any fucker is ever going to buy them
drea replied with this 15 years ago, 1 minute later, 6 hours after the original post[^] [v] #99,522
Anonymous H joined in and replied with this 15 years ago, 6 minutes later, 6 hours after the original post[^] [v] #99,525
@99,521 (Nickalollyoff !Aw0s40dyqw)
something new comes along and all of a sudden everyone's a motherfucking expert on markets and currencies.
how about you shut the fuck up?
something new comes along and all of a sudden everyone's a motherfucking expert on markets and currencies.
how about you shut the fuck up?
Anonymous I joined in and replied with this 15 years ago, 1 minute later, 6 hours after the original post[^] [v] #99,526
TheSheep !kJ.A4PF7.k joined in and replied with this 15 years ago, 8 minutes later, 7 hours after the original post[^] [v] #99,530
Ain't the story like this:
1 bitcoin is worth 6 mt gox $ and 1 mt gox $ is like 0.70 real world $?
And it ain't that easy to transfer huge amounts of mt gox $ into the real world...
1 bitcoin is worth 6 mt gox $ and 1 mt gox $ is like 0.70 real world $?
And it ain't that easy to transfer huge amounts of mt gox $ into the real world...
Anonymous K joined in and replied with this 15 years ago, 1 hour later, 8 hours after the original post[^] [v] #99,532
> implying anyone is going to wait days for $6
Ks !KansasxqvM joined in and replied with this 15 years ago, 4 minutes later, 8 hours after the original post[^] [v] #99,536
Y'all do yourself a favor and buy $100 worth or more now and learn something. $100 isn't much in the long run, and the bubble is still growing healthy.
If you can't see opportunity knocking down your door, thats your fault. >;/
If you can't see opportunity knocking down your door, thats your fault. >;/
Anonymous M joined in and replied with this 15 years ago, 58 minutes later, 9 hours after the original post[^] [v] #99,546
@99,530 (TheSheep !kJ.A4PF7.k)
No, you retard. Where the fuck do you even get $0.70, you stupid shit?
MTG$ == USD, you can even charge people a transaction fee when exchanging MTG$ for USD.
No, you retard. Where the fuck do you even get $0.70, you stupid shit?
MTG$ == USD, you can even charge people a transaction fee when exchanging MTG$ for USD.
Anonymous M double-posted this 15 years ago, 8 minutes later, 9 hours after the original post[^] [v] #99,554
If you faggots just wanna buy BTC with paypal and not have to exchange usd for mtg$ and mtg$ for btc, just use https://www.bitcoinmarket.com/
It's not as active as mtgox, but it works. I just use mtgox for selling.
It's not as active as mtgox, but it works. I just use mtgox for selling.
Ash Ketchup !bbKEtchUp. replied with this 15 years ago, 1 second later, 9 hours after the original post[^] [v] #99,555
Anonymous M replied with this 15 years ago, 2 minutes later, 9 hours after the original post[^] [v] #99,558
@previous (Ash Ketchup !bbKEtchUp.)
No, you idiot. He was implying that 1 MTG$ was the equivalent of $0.70 USD. Where the fuck are you from?
No, you idiot. He was implying that 1 MTG$ was the equivalent of $0.70 USD. Where the fuck are you from?
Ash Ketchup !bbKEtchUp. replied with this 15 years ago, 1 minute later, 9 hours after the original post[^] [v] #99,559
@previous (M)
> He was implying that 1 MTG$ was the equivalent of $0.70 USD.
Erm if one can trade MTG$1 for USD$0.70 like he says you can then 1 MTG$ is the equivalent of $0.70 USD.
And you're still rude.
> He was implying that 1 MTG$ was the equivalent of $0.70 USD.
Erm if one can trade MTG$1 for USD$0.70 like he says you can then 1 MTG$ is the equivalent of $0.70 USD.
And you're still rude.
(Edited 13 seconds later.)
Anonymous M replied with this 15 years ago, 7 minutes later, 9 hours after the original post[^] [v] #99,565
Well you'd be a giant idiot if you traded 1 MTG$ for $0.70 USD. MTG$ itself is backed by USD.
TheSheep !kJ.A4PF7.k replied with this 15 years ago, 1 minute later, 9 hours after the original post[^] [v] #99,566
@99,558 (M)
Do a 1:1 trade from $ to MTG$ and back then come at me bro... ;)
Do a 1:1 trade from $ to MTG$ and back then come at me bro... ;)
(Edited 2 minutes later.)
Anonymous M replied with this 15 years ago, 8 minutes later, 9 hours after the original post[^] [v] #99,570
I've done it plenty of times.
ALAN !ZSNgHQb5Ig joined in and replied with this 15 years ago, 2 hours later, 12 hours after the original post[^] [v] #99,640
What makes me laugh is the idea behind bitcoins is that one cannot induce inflation, yet who the hell needs too seeing how high they inflate on their own.
Also an expensive currency a good currency does not make.
Also an expensive currency a good currency does not make.
Anonymous M replied with this 15 years ago, 9 minutes later, 12 hours after the original post[^] [v] #99,643
@previous (ALAN !ZSNgHQb5Ig)
Listen Alan, you piece of shit. It's obvious that you don't even understand what inflation is. The very property of increased value means that it's deflationary. Fucking idiot.
Edit: Everyone else that thinks they should have their opinions made public, refer to @99,525 (H)
TL;DR: STFU
Listen Alan, you piece of shit. It's obvious that you don't even understand what inflation is. The very property of increased value means that it's deflationary. Fucking idiot.
Edit: Everyone else that thinks they should have their opinions made public, refer to @99,525 (H)
TL;DR: STFU
(Edited 2 minutes later.)
Anonymous K replied with this 15 years ago, 21 minutes later, 13 hours after the original post[^] [v] #99,651
Navi !!3gpAcg/hF joined in and replied with this 15 years ago, 39 minutes later, 13 hours after the original post[^] [v] #99,706
people are using bitcoins as a speculative investment and not as an actual currency. that cannot be good.
Anonymous M replied with this 15 years ago, 22 minutes later, 14 hours after the original post[^] [v] #99,716
@previous (Navi !!3gpAcg/hF)
There's plenty of uses for bitcoins! -> https://en.bitcoin.it/wiki/Trade
Also, there's nothing wrong with speculation as it adds liquidity to the market.
Personally, I like to use it for sports betting. The degenerates fuck faces here might find it useful for purchasing CP.
There's plenty of uses for bitcoins! -> https://en.bitcoin.it/wiki/Trade
Also, there's nothing wrong with speculation as it adds liquidity to the market.
Personally, I like to use it for sports betting. The degenerates fuck faces here might find it useful for purchasing CP.
Bitcoins !5qPJGR/JRI (OP) replied with this 15 years ago, 1 minute later, 14 hours after the original post[^] [v] #99,717
@99,640 (ALAN !ZSNgHQb5Ig)
bitcions can be divided a lot, so even if they inflate you can trade in precise amounts.
Each Bitcent is worth $0.06 but you can still trade $0.01 if you divide Bitcoins further.
bitcions can be divided a lot, so even if they inflate you can trade in precise amounts.
Each Bitcent is worth $0.06 but you can still trade $0.01 if you divide Bitcoins further.
Bitcoins !5qPJGR/JRI (OP) double-posted this 15 years ago, 1 minute later, 14 hours after the original post[^] [v] #99,718
@99,706 (Navi !!3gpAcg/hF)
People are using Bitcoins as a currency, there are more merchants accepting now then there has even been.
Look around and see the market instead of pulling shit out of your ass.
People are using Bitcoins as a currency, there are more merchants accepting now then there has even been.
Look around and see the market instead of pulling shit out of your ass.
Bitcoins !5qPJGR/JRI (OP) triple-posted this 15 years ago, 57 seconds later, 14 hours after the original post[^] [v] #99,719
Anonymous M replied with this 15 years ago, 21 minutes later, 14 hours after the original post[^] [v] #99,731
@previous (Bitcoins !5qPJGR/JRI)
You can make personal requests to the producer, catering to your expectations.
You can make personal requests to the producer, catering to your expectations.
(Edited 1 minute later.)
Navi !!3gpAcg/hF replied with this 15 years ago, 3 hours later, 17 hours after the original post[^] [v] #99,941
@99,716 (M)
@99,718 (Bitcoins !5qPJGR/JRI)
problem is, as soon as the 21 million cap is hit, most generators are more than likely going to liquidate their wallets to a bitcoin trading site like mtgox or btcex.
@99,718 (Bitcoins !5qPJGR/JRI)
problem is, as soon as the 21 million cap is hit, most generators are more than likely going to liquidate their wallets to a bitcoin trading site like mtgox or btcex.
(Edited 1 minute later.)
Anonymous A (OP) replied with this 15 years ago, 6 minutes later, 17 hours after the original post[^] [v] #99,945
@previous (Navi !!3gpAcg/hF)
That cap is a long way off.
But yes, miners will sell their wallets, so what? It's very competitive, and no one person is getting all these coins. A lot of people are, and many are selling now, many will sell before it hits the cap, and many will stop generating before then (because it costs more to generate the coins).
Miners will sell their bitcoins, someone will buy them, and that person will buy Socks, drugs, or perhaps donate it to some organization. They will then either buy another product on the market, or sell it to someone who wants to buy something. The Bitcoins flow.
That cap is a long way off.
But yes, miners will sell their wallets, so what? It's very competitive, and no one person is getting all these coins. A lot of people are, and many are selling now, many will sell before it hits the cap, and many will stop generating before then (because it costs more to generate the coins).
Miners will sell their bitcoins, someone will buy them, and that person will buy Socks, drugs, or perhaps donate it to some organization. They will then either buy another product on the market, or sell it to someone who wants to buy something. The Bitcoins flow.
Navi !!3gpAcg/hF replied with this 15 years ago, 9 minutes later, 18 hours after the original post[^] [v] #99,947
@previous (A)
makes sense. i was just concerned that if most miners sold their BTC to the few sites that will trade it directly for USD as opposed to the vendors that trade for goods and services, it would possibly cause an unequal distribution of wealth. mind you that while BTC has come to prominence as a currency, a lot of people are in it for free money, like earning tickets at an arcade.
not that i won't give it a shot if things turn out properly.
makes sense. i was just concerned that if most miners sold their BTC to the few sites that will trade it directly for USD as opposed to the vendors that trade for goods and services, it would possibly cause an unequal distribution of wealth. mind you that while BTC has come to prominence as a currency, a lot of people are in it for free money, like earning tickets at an arcade.
not that i won't give it a shot if things turn out properly.
Anonymous Q joined in and replied with this 15 years ago, 49 minutes later, 18 hours after the original post[^] [v] #100,009
(Citing a deleted or non-existent reply.)
Whats the point of having bitcoins... if you can't get them
Whats the point of having bitcoins... if you can't get them
Anonymous A (OP) replied with this 15 years ago, 21 minutes later, 19 hours after the original post[^] [v] #100,019
(Citing a deleted or non-existent reply.)
You can buy things with them. A lot of merchants accept them, and that's a growing number.
@previous (Q)
You can get them, many people sell them.
You can buy things with them. A lot of merchants accept them, and that's a growing number.
@previous (Q)
You can get them, many people sell them.
(Edited 9 seconds later.)
Navi !!3gpAcg/hF replied with this 15 years ago, 25 minutes later, 19 hours after the original post[^] [v] #100,029
(Citing a deleted or non-existent reply.)
you can buy stuff with them that you can't buy safely and securely with fiat currency
like drugs and bestiality porn
you can buy stuff with them that you can't buy safely and securely with fiat currency
like drugs and bestiality porn
Nega !34Kas0OdzM joined in and replied with this 15 years ago, 22 hours later, 1 day after the original post[^] [v] #100,668
Do I need to beat you with the economics dictionary again? :)protip !!pMmAiEwOm joined in and replied with this 15 years ago, 1 minute later, 1 day after the original post[^] [v] #100,670
I love you, OP.
Nega !34Kas0OdzM replied with this 15 years ago, 4 minutes later, 1 day after the original post[^] [v] #100,677
Good evening, bro Tip.Anonymous A (OP) replied with this 15 years ago, 4 hours later, 1 day after the original post[^] [v] #100,954
(Citing a deleted or non-existent reply.)
Using dollars to pay for something illegal online? A good way to get arrested, for both the seller and the buyer.
Using dollars to pay for something illegal online? A good way to get arrested, for both the seller and the buyer.
Anonymous A (OP) double-posted this 15 years ago, 29 minutes later, 1 day after the original post[^] [v] #100,977
(Citing a deleted or non-existent reply.)
> The currency shouldn't affect whether you are arrested or not.
Yet it does. Bitcoins are anonymous. Regular currency requires you to exchange it in person, or electronically through banks and other financial institutions. Those financial institutions will keep records of who is receiving the money.
> I'm also sure they track you based on what mailing address you use, and not what kind of money you use.
LEA focus on sellers, not buyers. If I buy from a reliable seller, I'm fine, they aren't going to hand my address out anyway.
A seller cannot use Paypal or a similar service because it leads back to them. No seller is going to accept regular currency because it means losing their anonymity. All it takes is for a LEA agent to visit the site and contact the broker (Paypal, Visa, etc).
> The currency shouldn't affect whether you are arrested or not.
Yet it does. Bitcoins are anonymous. Regular currency requires you to exchange it in person, or electronically through banks and other financial institutions. Those financial institutions will keep records of who is receiving the money.
> I'm also sure they track you based on what mailing address you use, and not what kind of money you use.
LEA focus on sellers, not buyers. If I buy from a reliable seller, I'm fine, they aren't going to hand my address out anyway.
A seller cannot use Paypal or a similar service because it leads back to them. No seller is going to accept regular currency because it means losing their anonymity. All it takes is for a LEA agent to visit the site and contact the broker (Paypal, Visa, etc).
(Edited 5 minutes later.)