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Blue_Tires

(57,596 posts)

5. So what's supposedly so great about bitcoins again?

Reply to phantom power (Original post)

Wed Dec 4, 2013, 06:48 PM

Dec 2013

Yeah, I know it's the currency to have if I'm trying to buy some black-market plutonium, biological weapons or kiddie porn, but I've never seen any real useful applications other than that....

And what sets the "value" of bitcoins anyway? Doesn't a scandal like this rattle confidence and make the coins worth much, much less?

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Highlight:

A Thief Is Attempting To Hide $100 Million In Stolen Bitcoins � And You Can Watch It Live Right Now [View all] phantom power Dec 2013 OP

So many suckers. SMH... tridim Dec 2013 #1

If we're going to extend legal protections to bitcoins customerserviceguy Dec 2013 #2

Bitcoin is here to stay... TampaAnimusVortex Dec 2013 #3

Hah, feel free to invest your retirement savings in Bitcoins then nt geek tragedy Dec 2013 #4

Actually I'm already ahead of the game... TampaAnimusVortex Dec 2013 #9

No it's not MattBaggins Dec 2013 #7

Too bad the senate loves it too then... TampaAnimusVortex Dec 2013 #8

one point I like to make: although the tech was designed to support decentralized currency... phantom power Dec 2013 #14

They're great for buying a snack when Red Warrior Needs Food Badly Orrex Dec 2013 #11

So what's supposedly so great about bitcoins again? Blue_Tires Dec 2013 #5

They have bitcoin banks that set the "value" tridim Dec 2013 #6

The value in bitcoin is it's usefulness as a payment network... TampaAnimusVortex Dec 2013 #10

One of the social-experiment aspects of bitcoins that interests me... phantom power Dec 2013 #12

Many people use "Ponzi Scheme" to describe ...... oldhippie Dec 2013 #13

So what recourse is there when people get robbed like this? Blue_Tires Dec 2013 #15

What recourse is there when someone takes your cash? TampaAnimusVortex Dec 2013 #16

I haven't suggested doing away with *anything* Blue_Tires Dec 2013 #17