Originally Posted by beach tribe:
Really want to get some bit coins and find Silk road.
I can sell some of that "product" at a HUGE profit.
And the customers are dedicated repeat customers.
lol
Yeah, because silk road didn't make national news for getting popped already. Dig deeper. lol [Reply]
- Mt. Gox exchange fails... Bitcoin down to mid $500s
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- US working on Bitcoin regulation
Originally Posted by ChiefRocka:
Just one entitiy that didn't have its shit together. Price is holding and China is hoarding these things.
Yea, except the same thing happened to Silk Road 2.
Bitcoin is a bubble. It is a good idea but has huge flaws that will prevent it from ever becoming more than a niche product for savvy internet users.
The hoarding is also one of the problems. If bitcoins were becoming more widely used then we would see transactions in bitcoins pick up. That's not happening. People are hoarding them with the expectation that they will go up. Since the market is thinly traded, they've been going up. [Reply]
Originally Posted by KC native:
Yea, except the same thing happened to Silk Road 2.
Bitcoin is a bubble. It is a good idea but has huge flaws that will prevent it from ever becoming more than a niche product for savvy internet users.
The hoarding is also one of the problems. If bitcoins were becoming more widely used then we would see transactions in bitcoins pick up. That's not happening. People are hoarding them with the expectation that they will go up. Since the market is thinly traded, they've been going up.
Respect your opinion but I believe the jury is still out. It may not be bitcoin but crypto-currency is coming. No harm in speculating a little. What are the flaws you mention? Agree totally about the hoarding issue, most argue quantum computing will kill current encryption entirely, not just bitcoin.
For the record I'm not gung ho bitcoin, just think its interesting with little monies invested. [Reply]
- 400 Bitcoin ATMs set to rollout in Dubai
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- Warren Buffet struggles to comprehend crypto-currency along with the other 98%
- US Treasury to appoint virtual currency chair [Reply]
- Expedia accepts Bitcoin for hotel reservations
- Dish Network accepts Bitcoin payments for monthly service
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- Bitcoin St. Petersburg Bowl - http://www.stpetersburgbowl.com
- US Marshals Service auctioning off 30,000 Bitcoins seized during Silk Road raid
- Ebay CEO admits Paypal is actively integrating Bitcoin as a payment
- Apple allows active Bitcoin wallet apps in their online Apple Store
- Swiss rule to allow Bitcoin ATM network
- Bolivia bans Bitcoin as well as all virtual currencies
- 120 million in VC money pumped into Bitcoin ecosystem so far in 2014
- Israel/Austria stand up first Bitcoin ATMs in country [Reply]
Haven't checked for a while, is bitcoin increasing in value the last few months? I have a few bitcoins, use them to play poker with on an online site. Seals with clubs, come join the fun [Reply]