Announcement

Join us on Discord: https://discord.gg/nf43FxS
Dilbert_X
The X stands for
+1,756|5224|eXtreme to the maX

uziq wrote:

bitcoins aren't 'tied up' in a graphics card, either. they're kept in an encrypted wallet on your hard drive.
Oh thank god, thats completel different.
#Freed Britney !
uziq
Member
+426|2570
it's a virtual currency that was accepted by multiple online and real-world vendors. i'm not really sure why you're so confused or skeptical about that part.

i've lived in two places which invented their own local currency to stimulate 'buying local', 'supporting independent business', etc. if the vendors accept it and its in circulation, why is it different from any other currency? you give the token; they accept the token; you get an item; they use the token onwards.

how is having your bitcoin balance on your PC, wholly digitally, substantially any different from having money in a paypal escrow?
Dilbert_X
The X stands for
+1,756|5224|eXtreme to the maX
Bitcoin's validity could fizzle out in an instant, it probably will, dollars probably aren't going to any time soon.
#Freed Britney !
uziq
Member
+426|2570
highly doubt bitcoin will fizzle out at this point, cryptocurrency and the fundamental technology its based upon will stick around forever.

even when the speculative bubble bursts, and even if bitcoin goes back to being worth $0.20, it'll still be used, as it was for years before this current craze, for secure and anonymous online purchases. it was good for that. totally untraceable, after all.

what could seriously damage it is if world governments get together to try and stamp it out. well, good luck. there's about 150 meme coin currencies at this point. and it doesn't really look like that's happening; it rather looks as if the major financial players and institutions are starting to soften on cryptocurrency, now they see its investment potential (or the ability to turn a quick buck).

if they can get some sort of regulation and take all the power away from some pretty shady exchanges/private individuals, it could become a semi-respectable thing.

Board footer

Privacy Policy - © 2021 Jeff Minard