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Thread: Tell me about Bitcoin

  1. #71
    Unobtanium PatColo's Avatar
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    Re: Tell me about Bitcoin

    Sean/SGT Report, haven't listened to this; mostly interesting that Chris Duane aka Silver Shield is still kickin,

    52:27
    THE GREAT CRYPTO CONSPIRACY? -- Chris Duane

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  2. #72
    Dangerous Donald Neuro's Avatar
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    Re: Tell me about Bitcoin

    Quote Originally Posted by Neuro View Post
    We could have all bought in the single digits... If we had been smart and listened to the early adopters here...

    Never mind, I would have lost it in Mt Gox or in btc-e (which I did lose a thousand dollars in), and of course losing a few hundred thousand is much worse than never having it in the first place. I gained around $3,000 profit from the $1,000 that I invested 3 years ago. So I am good.
    Btw, I got my funds back from btc-e -20% give or take, as they started up wex.nz, so I am really good!

    Who could have imagined the money laundering Russian criminals would be that honest! The loss of 20% is due to the fiat cash seized from btc-e bank accounts by government thugs.

    The fact that the government thugs were unable to seize any of the cryptocurrencies held by btc-e, tells us about the strength of cryptocurrencies!
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

  3. #73
    Dangerous Donald Neuro's Avatar
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    Re: Tell me about Bitcoin

    Quote Originally Posted by Ares View Post

    Most Bitcoin enthusiast would not under any circumstances trust a government issued cryptocurrency. They might trade in it, they might even transact in it if it's beneficial for them to do so. But trust would still be in Bitcoin and other decentralized currencies. Kind of like Gold and Silver, we hoard it, but we certainly do not pay our taxes with it.
    Exactly! As the example with btc-e --->wex.nz clearly shows, if they had held government issued cryptocurrencies it would all be lost.
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

  4. #74
    Bitcoin Miner Ares's Avatar
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    Re: Tell me about Bitcoin

    Quote Originally Posted by Neuro View Post
    Exactly! As the example with btc-e --->wex.nz clearly shows, if they had held government issued cryptocurrencies it would all be lost.
    Yep, which is a good point. Which means that btc-e likely had those coins in cold storage which the feds were unable to obtain when they took btc-e domain and equipment. It does show that even though we have no idea who they are, they are at least trust worthy enough to not take the remaining cryptos and run and are providing the users a portion of the former holdings. Even if it's a haircut, due to theft of an exchange. At least they are doing something. Which is more than what can be said about Mt. Gox.
    "Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
    "The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
    "Some Libertarians are born, the government makes the rest."
    "Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."

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