bit coins what do you all think
Page 1 of 3 123 LastLast
Results 1 to 10 of 22
  1. #1
    Tech Guru
    Join Date
    Jul 2009
    Location
    Lincoln
    Posts
    714

    Default bit coins what do you all think

    what does every1 think to bit coins. Have you all heard of them?

    This could be the biggest thing since the internet. It would mean the decentralisation of money. This could literally over throw goverments.

    The US goverment seem to be keeping a close eye on this what are your thoughts

  2. #2

    Default

    i didnt know what you were on about until i googled it...

    for those that dont know either heres a wiki link
    [ame="http://en.wikipedia.org/wiki/Bitcoin"]Bitcoin - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:Bitcoin.png" class="image"><img alt="Bitcoin.png" src="http://upload.wikimedia.org/wikipedia/commons/thumb/5/50/Bitcoin.png/100px-Bitcoin.png"@@AMEPARAM@@commons/thumb/5/50/Bitcoin.png/100px-Bitcoin.png[/ame]

    i dont think much of them to be honest,but i dont think much of real money either, as long as i have enough to get me by, im a happy camper
    Please LIKE MY PAGE FACEBOOK Page and I'll Return The Favor

    )))---|> http://facebook.com/DjBullyBolger <|---(((

  3. #3
    Tech Guru
    Join Date
    Jul 2009
    Location
    Lincoln
    Posts
    714

    Default

    its a very complicated issue. it could cause alot of issues for goverments. As all goverments really do is control the currency. If they loose this control they loose everything. As much as we all hate goverment would we want to live without it

  4. #4
    Banhammerized theory28's Avatar
    Join Date
    Jul 2010
    Posts
    3,974

    Default

    i just found out about this earlier today.
    could be good.
    Become a Fan, And View My Latest Mixes | DJTT Chatroom (FB)
    Quote Originally Posted by photojojo View Post
    If the pack of lions are in sync then they're not real lions so it doesn't count.

  5. #5
    Tech Guru sarasin's Avatar
    Join Date
    Jun 2009
    Location
    Cape Town
    Posts
    4,925

    Default

    We SERIOUSLY need a new money system.....

    banks make money out of nothing....allowed to lend 9 times their capital (other peoples money) and then take the interest.....

    Fuckin scam..

    Bring on Bit Coins!

    Anything would be better than it is currently.
    APC80:STR8-100's+Ortofon Concorde Scratch\Electro:ButterRugz:TSP2-NI Audio4DJ:Xone22+Innofader:MacBook Pro 15"
    www.soundcloud.com/djsarasin
    www.youtube.com/adriansarasin

  6. #6
    Tech Guru sarasin's Avatar
    Join Date
    Jun 2009
    Location
    Cape Town
    Posts
    4,925

    Default

    http://www.quora.com/Bitcoin/Is-the-...in-a-good-idea


    mmm...this does make it look seriously bad tho....
    APC80:STR8-100's+Ortofon Concorde Scratch\Electro:ButterRugz:TSP2-NI Audio4DJ:Xone22+Innofader:MacBook Pro 15"
    www.soundcloud.com/djsarasin
    www.youtube.com/adriansarasin

  7. #7
    Banhammerized theory28's Avatar
    Join Date
    Jul 2010
    Posts
    3,974

    Default

    read up to stability. then i tl;dr'd it
    Become a Fan, And View My Latest Mixes | DJTT Chatroom (FB)
    Quote Originally Posted by photojojo View Post
    If the pack of lions are in sync then they're not real lions so it doesn't count.

  8. #8
    DJTT Infectious Moderator photojojo's Avatar
    Join Date
    Apr 2010
    Location
    Sherman, TX
    Posts
    13,939

    Default

    Looks like a good way for nerds to sell WOW user accounts and regster for Star Trek conventions.
    Last edited by photojojo; 05-18-2011 at 07:03 AM.
    Chris Jennings FHP

    Podcast - Soundcloud - Mixcloud - Beatport Charts - x

  9. #9
    DJTT Tankard fullenglishpint's Avatar
    Join Date
    Aug 2010
    Location
    St Albans, UK
    Posts
    7,101

    Default

    Quote Originally Posted by photojojo View Post
    Looks like a good way for nerds to sell WOW user accounts and register for Star Trek conventions.
    http://www.bitcoincodes.com/

    i think you may be right...
    Last edited by photojojo; 05-18-2011 at 07:03 AM.
    TSP 2 | Serato DJ | Live 8 | MBP (SSD + HDD) | AIAIA TMA-1 Fool's Gold Edition | 1200 Mk2s | MidiFighter | KRK RP5
    Xone: DB4 | Pioneer CDJ-2000 Nexus
    DJTT FAQ | Read my guide to AUDIO CABLES

  10. #10
    Tech Mentor Ryan Leo's Avatar
    Join Date
    May 2010
    Location
    St. John's, Newfoundland
    Posts
    477

    Default

    I think that its a cool idea.

    I skimmed through the article opposing the idea.

    They guy whos breaking down the economics is saying that the current money system is effective and is using it to shoot down the bitcoin idea.

    I dont have a sweet clue about economics, but my sexy lady is starting her masters in sociology and she gets on with her bit about the social aspects of money.

    Dude was comparing the two charts:

    The first one was a bitcoin one and it "capped off" whereas the tweet one increase infinitly if may seem.

    This is the problem with our current money system. They keep printing money.

    The more money we print, the less its worth. So then what happens is in order to make a profit, the shit gotta get cheaper so then they got to make workers wages lower.

    Wages stay low and cost goes up. 10 years later. We got the recession. People are starving to death because we "cut" the money so much that its pretty well baking soda. We all love baking soda.

    The fact that the bitcoin eventually doesn't increase anymore maintains the values of things. You cdj2000 would always be worth 3 grand.

    Of course, this isnt want big business' want. So for something like bitcoin to work, we need to change everything. This might be where the guy 'debunking" the coins is coming from.

    /end rant

    I enjoy talking about topics that you can have your own opinion on. Lets get more stuff on the go like this.

    It would make life more like a video game with trophies or something. Once you get em all done you can smoke your face off. haha k soosh
    DJM900||CDJ800MKII(2)||PDX 2000(2)||Yamaha HS50M(2)||Yorkville YSS2||Macbook||Traktor 2


    http://soundcloud.com/ryanleomusic/

Page 1 of 3 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •