bit coins what do you all think
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  1. #1
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    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

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    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
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  3. #3
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    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
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    i just found out about this earlier today.
    could be good.
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  5. #5
    Tech Guru sarasin's Avatar
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    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.
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  6. #6
    Tech Guru sarasin's Avatar
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    http://www.quora.com/Bitcoin/Is-the-...in-a-good-idea


    mmm...this does make it look seriously bad tho....
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  7. #7
    Banhammerized theory28's Avatar
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    read up to stability. then i tl;dr'd it
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    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
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    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.
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  9. #9
    DJTT Tankard fullenglishpint's Avatar
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    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.
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  10. #10
    Tech Mentor Ryan Leo's Avatar
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    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
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