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aleluja says

It’s cool and interesting but it is doomed. By the time it will become so unstable (or people will refuse to use them coz it has no value to cover it) that it would have to have some “real money” behind it so the whole philosophy and nautre of bitcoins will lose the purpose.

Edit: I’m waiting for credits from star wars still :D

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Stylius says


why?
Because this is a forum, the purpose of which is to have discussions. (Usually more than one word at a time.)

What I meant was why would somebody use another currency? $ works fine so far, doesn’t it? Besides, who would control this bitcoin? I doupt that if it works and becomes popular it wouldn’t happen what happened with the other currencies, and then we would need another one and so on.

“Less is more.” – Mies van der Rohe. It is also applied to words. :)

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PixelBin says


Let’s say I made the investment of $117 and received a coin. What use does a coin have in the eyes of a person or company that does not recognize or refuse to accept the coin?
...this is another pyramid scam…

I don’t think you know what a pyramid scheme is. Allow me to direct you to the Wikipedia page.

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greenline says

When I first heard about bitcoins and e-currency I asked myself why should I use them. I usually use my credit card to buy/sell things, so why the need to put an extra-layer in between? So, I have read more and found out that the purpose of e-currency is to protect your sensitive data (credit card number, CVV number, personal details, etc) and to offer an universal way of payment…..

So… if only these are the main advantages, I decided it’s not worth it, since the systems I use are already pretty secured….. Conclusion: I don’t use it.

distillerystudio
distillerystudio Recent Posts Threads Started
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distillerystudio says

Bit of bitcoin info here

Though admittedly this is one financiers opinion.

B

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Rameau says

My personal view on this:
Bitcoin is for hackers/hacktivists who want to purchase online without being tracked by the cyber police. For example, purchase a private proxy, since they can still find the proxy provider, they’ll find what you used to pay for that proxy, therefor, they’ll find you. But Bitcoins are untraceable, even harder for them to find you.

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Australia says

My personal view on this:
Bitcoin is for hackers/hacktivists who want to purchase online without being tracked by the cyber police. For example, purchase a private proxy, since they can still find the proxy provider, they’ll find what you used to pay for that proxy, therefor, they’ll find you. But Bitcoins are untraceable, even harder for them to find you.

Sounds like that could apply to Paypal too

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JinWook says

It seems to me that the idea of one global currency, usually represented in sci-fi media as a “credit”, is an inevitable way forward for global economics. Although I have to laugh when I read people talking about “online currency” or “digital currency”. What exactly do you thinks $’s are? Or pounds or Euros or anything else. Everything is an online currency. A countries reserve bank is a computer and 90% of the wealth is digital. Money is nothing more than numbers being moved around from different computers.

Fernandestelecaster
Fernandestelecaster Recent Posts Threads Started
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Fernandestelecaster says

What is Bitcoin?

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ToivoMedia says

What is Bitcoin?

Did you read the thread? :D

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