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Thread: Bitcoin

  1. #1

    Question Bitcoin

    This article says that Bitcoins would be a good investment, and it says Libertarian politics is part of the reason.

    Just a year ago, a bitcoin was worth $13. And today, the same piece of digital currency is valued at more than $800 on popular online money exchanges. But Chris Dixon believes that’s still a serious bargain.

    Dixon, a partner with the big-name Silicon Valley venture capital firm Andressen Horowitz, is adamant that bitcoin could become the primary means of making payments on the internet, and if that happens, the price of a bitcoin will skyrocket. “I think it could be easily worth $100,000,” he says.

    More...
    For one thing, he saw a technological breakthrough. Through a new breed of distributed computing and cryptography technologies, the bitcoin community created the first global public ledger that could operate in a secure and trustworthy fashion. But more than that, bitcoin had politics on its side: Libertarian-leaning advocates saw it as more than a low-cost way to send money. For them, it’s a movement, and many of them have worked tirelessly to evangelize bitcoin. “Every interesting large scale technology movement has had a political component,” Dixon says.
    The article compares Bitcoins to other overlooked investment opportunities in the past, like domain names in 1993. Many people will jump based on the prediction of $800 worth of Bitcoins turning into $100,000. But I'm not convinced. It seems like it would be too easy for somebody to create a competing virtual currency. In fact, I may create one during lunch today. ClydeCoins.
    Children, leave the string alone!
    For who dares undo the parcel
    Finds himself at once inside it...

  2. #2

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    Will ClydeCoins have two faces?

    I'll be here all week!
    @Gelston notice me, senpai!

  3. #3

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    Quote Originally Posted by Tgo01 View Post
    Will ClydeCoins have two faces?

    I'll be here all week!
    haha
    Quote Originally Posted by Nachos DLC View Post
    Blame Kranar!


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  4. #4

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    Dixon, a partner with the big-name Silicon Valley venture capital firm Andressen Horowitz, is adamant that bitcoin could become the primary means of making payments on the internet, and if that happens, the price of a bitcoin will skyrocket. “I think it could be easily worth $100,000,” he says.
    And this is how someone that owns a lot of something tries to drive up the value.

  5. #5

    Default

    Dixon, a partner with the big-name Silicon Valley venture capital firm Andressen Horowitz, is adamant that bitcoin could become the primary means of making payments on the internet, and if that happens, the price of a bitcoin will skyrocket. “I think it could be easily worth $100,000,” he says..
    I wonder how many bit coins that guy owns.
    (OOC) Azimar's player whispers to the group, "Its ok, im delving into some random dudes anus."

  6. #6

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    I was pretty upset when I sold my 2000 coins when they were $12-15 each up from the $2-$3 I paid for them once I saw the price hit $1300.
    Chris
    Have a good merchant experience with me?
    Leave me some HEAT

  7. #7

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    Quote Originally Posted by Buckwheet View Post
    I was pretty upset when I sold my 2000 coins when they were $12-15 each up from the $2-$3 I paid for them once I saw the price hit $1300.
    If you had kept them until they were worth $100,000 each, then you'd be rich!

  8. #8

    Default

    I'm surprised that more governments had not followed China's example in restricting it.

    Particularly considering nothing trumps Fiat money.

    Bitcoins = absolutely an "at your own risk" situation.

  9. #9

    Default

    Finally!!

    Bitcoin exchange CEO arrested for money laundering
    http://money.cnn.com/2014/01/27/tech...html?hpt=hp_t2

  10. #10

    Default

    I'm more interested in Dogecoin.
    ~The person formally known as the player of Inurtia.

    ~Gelston is a vegan hipster that is lacking a standing desk, probably because he lost his jersey.

    ~Don't forget to tag me!

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