Meet Bitcoin Fastest growing currency in the world

[the mechanic]

Governments and businesses won't allow it to succeed, but if it does, then big business will swoop in and ruin its potential by operating in full predator mode without any government regulations to stop them.

That was my main fear..i know if it gets big enough the state will overtly or covertly destroy it..Ill still put a little something in it and see.

There really isnt a "predator" mode possible because the whole system is P2P ..big business hasnt even been able to stop movie piracy because of that...i think only the govt has the ability to stop it.

 

[the mechanic]

lol if something ever happens to the bitcoin servers..you're fukked..and knowing that the 21st centruy will be all cyberwar...

There is NO central server..the whole system is P2P

volatile currencies aren't good currencies

Every Fiat currency is volatile...

 

[Camammal]

So when bitcoin reaches its 21 million cap, wouldn't the value decrease due to the bitcoin hoarding?

 

[the mechanic]

Been mining for years.

Check the prices at Mt. Gox

What do you use?? you have a custom rig or mine in a group??

Im interested but lack processing.

 

[the mechanic]

So when bitcoin reaches its 21 million cap, wouldn't the value decrease due to the bitcoin hoarding?

No actually it would rise astronomically in value since it would be scarce .....which would tempt hoarders to release their stash

 

[DStyles]

*invests on BitCoin*

*Gets virus from DL the latest Nicole Aniston porn flick*

*Goes to china man to repair laptob*

*China man steals bitcoins *

No bitcoins left

 

[villain]

Every Fiat currency is volatile...

you're talking about going up or down 10-40$ within a couple months

if that's something you think is practical for business then

 

[the mechanic]

you're talking about going up or down 10-40$ within a couple months

if that's something you think is practical for business then

Investment is business too

bitcoin

dollar

 

[Blackking]

buy some property, weapons, I guess some gold. .. then trade your spare money with real currency... There are teenagers all over the world that could shut this sh1t down in a day.

 

[the mechanic]

buy some property, weapons, I guess some gold. .. then trade your spare money with real currency...

I wont even ask how

There are teenagers all over the world that could shut this sh1t down in a day.

You dont understand how it works...its decentralized P2P..theres NO one switch ,one server or one place you could hit to "shut" it down

 

[villain]

Investment is business too

bitcoin

dollar

Bitcoins was never meant to be an investment, numbnuts

it was supposed to be an anonymous currency that allows people to conduct business outside of government regulations.

http://bitcoin.org/bitcoin.pdf

simply using it for investment purposes is going against the whole reason why it was created in the first place.

 

[the mechanic]

Bitcoins was never meant to be an investment, numbnuts

it was supposed to be an anonymous currency that allows people to conduct business outside of government regulations.

http://bitcoin.org/bitcoin.pdf

simply using it for investment purposes is going against the whole reason why it was created in the first place.

And the dollar and euro were????

Currency traders are some of the richest cats on wall street just off buying and selling currencies that were never meant to be investments either..

A man who never takes chances dies alone in his moms basement breh

 

[Blackking]

I wont even ask how

What do you mean? Currency trading. I just said spare money, just in case you don't do well.

You dont understand how it works...its decentralized P2P..theres NO one switch ,one server or one place you could hit to "shut" it down

I didn't look into it, so I didn't know it was p2p.

 

[the mechanic]

What do you mean? just said spare money, just in case you don't do well.

OK that works..diversification

 

[Blackking]

@the mechanic or whomever.

They say pay ur taxes on this sh1t.... But can that truly be enforced? If the answer is no then.... .. nawmean.

Anyway, if you are into 'some sh1t' dealing with money... you can't be detected- however.... in an investigation can't your assets be confiscated and in that case are your wallets visible on your devices (cell, laptop, tablet)... or would they need to torture you for the passwords to prove you've made any transactions via bitcoin?

I see how to receive money, transfer money, save in all that.. How do u trade this? or Do you just put money and and hope it increases?