What is BitCoins?

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What is BitCoins?

Post  highnoon on Mon 15 Apr 2013, 03:12





https://mtgox.com/

Largest bitcoin exchange.






Peter Schiff skeptical about BitCoins

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Re: What is BitCoins?

Post  quicksilvercrescendo on Mon 15 Apr 2013, 11:39

Schiff said it all when he stated...bitcoins need to be backed by something tangible, not necessarily gold, and also contractual agreements established by vendors for goods and services that bitcoins will ALWAYS be redeemable.
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Re: What is BitCoins?

Post  Sputnik on Mon 15 Apr 2013, 19:53

Bitcoin is a purely digital money tool ... just as todays gov controlled "credit-money-system" .. it's an item for speculation, it's advantage is that it is NOT gov controlled...and as decentralized as could be...and unlike swiss accounts, impossible to track as easily as NSA in the Pentagon would like it....but it only works as long as the internet is....hehe. Now I would not bet on it..I mean if government really NEEDS the current internet. See they got "the Grid" at Cern..which they call:

The Internet Of The Future...

which means internet access as "privilage" for deserving classes...

There is almost a media blackout on this "GRID" which will be competed and then starts running this summer...
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Re: What is BitCoins?

Post  Sputnik on Mon 15 Apr 2013, 19:58

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Re: What is BitCoins?

Post  Sputnik on Mon 15 Apr 2013, 19:59

Experiencing problems with accessing the internet sometimes?
I guess with all the 'background noise' & Algorithms it's going to get only worse...this project might become very important...

https://projectmeshnet.org/
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Re: What is BitCoins?

Post  KapitanScarlet on Mon 15 Apr 2013, 22:09

Project Mesh = Brilliant idea Sput , i must keep in touch with that one

It would be interesting to see a true schematic of the existing intranet in places like the uk, i bet theres mi6 / mi5 scanners everywhere (;
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Re: What is BitCoins?

Post  tgII on Mon 03 Mar 2014, 23:52

re: Bitcoin is completely compromised and is banned from use in Japan

When Bitcoin was first introduced I jumped on the band wagon and signed up for
an account registering with the required information.

That was as far as my interest went...

...my decision was correct. I was watching one guy on a television broadcast saying
he had lost US$248,000 with Bitcoin.
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Re: What is BitCoins?

Post  quicksilvercrescendo on Wed 05 Mar 2014, 01:55

How could someone not see that this would be likely concerning bitcoin is beyond me.
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Re: What is BitCoins?

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