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I like how the guy defending bitcoins can only come up with that you should try and get five figures worth from probably a criminal, somehow, in Argentina then ????. Let's be (unreasonably)generous and give a huge benefit of the doubt here to bitcoin. Let's not consider actually even getting them, transferring them, cashing them out or that they have zero intrinsic value and a high risk of being lost or stolen. Just assume this labyrinthine bullshit that is bitcoin works flawlessly somehow. Nobody seems to be mentioning that there is a very likely chance that by the time you can cash out your bitcoins at your destination that you stand to lose a double digit percentage of your life savings just in retarded price swings because bitcoin is a currency backed by stupidity that fluctuates stupidly. Especially when you are talking about "Life Savings" amounts in the tens of thousands. The very act of selling large amounts of coins could trigger a sell off, which is hard to predict since, again, the currency is backed by stupidity. Is some stupid rear end in a top hat libertarian watching the market, uneasy that his wife is about to find out he took out a second mortgage to cover losing 100,000 on bitcoin and sells what he has left anticipating future losses maybe causing your 20,000 to now be worth 17,000? If the probability of that affecting your life savings isn't zero then maybe it's not a loving good currency or storage / transfer method of wealth. No the problem here is that too many people are agreeing that Bitcoins are dumb, and there needs to be a contrarian voice of reason to set everyone straight. Hey Argentina goon, take your life savings to a parking lot somewhere and hope that if you actually do get bitcoins that the price hasn't dropped 20% because the new issue of "Train Watch Digest" was delayed or something.
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Feb 4, 2016 07:50
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klafbang posted:Hey guys, why would anybody ever switch to stupid exploding "automobiles?" Horse carriages work much better and nobody has had to walk for decades! Transport is a solved "problem." This analogy might work if you didn't actually use a functional upgrade in it. Instead of "automobiles" go with a gigantic rube goldberg machine that weighs 400 pounds and the end result is it dangles a carrot in front of the horse, or stabs the horse in the eye with the carrot (guess which one it does more often)
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Jun 21, 2016 20:13
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CaptainSarcastic posted:"Bitcoin exchange platform Bitfinex is reporting the theft of what some users are saying is as much as 119,756btc — or about $65 million in cash." Bitcoiners always just multiple (Current Price) x (Amount) so they are valuing every bitcoin in existence at $551.00 despite the fact that if you tried to sell that many bitcoins you would obliterate the market.
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Aug 3, 2016 05:28
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