Article View: alt.folklore.computers
Article #620249Re: Bitcoin confusion?
From: jmfbahciv
Date: Wed, 07 Feb 2018 15:07
Date: Wed, 07 Feb 2018 15:07
40 lines
3266 bytes
3266 bytes
Scott Lurndal wrote: > jmfbahciv <See....@aol.com> writes: >>Peter Flass wrote: >>> Huge <Huge@nowhere.much.invalid> wrote: >>>> On 2018-02-05, John Levine <jo...@taugh.com> wrote: >>>>> In article <fdrhe4...@mid.individual.net>, >>>>> Huge <use...@huge.org.uk> wrote: >>>>>>> It's not backed by anything. >>>>>> >>>>>> Neither are any other currencies, other than the word of the State. Good >>>>>> luck with that. >>>>> >>>>> I'm looking at what I can buy what dollars and what I can buy with >>>>> bitcoins. I think I know which are more useful in real life. >>>> >>>> Quite so, but that isn't what you said. >>>> >>>> >>> >>> Bitcoins are wonderful for anyone engaged in illegal business, p@rn, arms >>> trading, drugs, human trafficing, etc. For other stuff I'll stick to $. >>> >>But there's no way to cash it in unless one can find someone who is willing > > Barter has been operational for several millenia. One need not > trade BTC for $$. However, the latest speculation has nothing to do with barter. Barter would keep bitcoins working but not after the bubble bursts. It would take some time for people to readjust their emotional thinking to bartering levels. /BAH > >>to buy the bitcoins for government-backed currency. It's almost like a >>pyramid scheme. >> >>/BAH
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<p59htp$l66$1@dont-email.me> <p5acdd$1gt3$2@gal.iecc.com> <fdrqpfFtrpbU2@mid.individual.net> <1678627037.539574265.991160.peter_flass-yahoo.com@news.eternal-september.org> <PM0005648CB16CAB60@aca4146a.ipt.aol.com> <p59htp$l66$1@dont-email.me> <p59vu0$5go$1@dont-email.me> <p5a2ib$lv6$1@gal.iecc.com> <fdrhe4Frf66U2@mid.individual.net> <p5acdd$1gt3$2@gal.iecc.com> <fdrqpfFtrpbU2@mid.individual.net> <p59htp$l66$1@dont-email.me> <p59vu0$5go$1@dont-email.me> <p5a2ib$lv6$1@gal.iecc.com> <fdrhe4Frf66U2@mid.individual.net> <p5acdd$1gt3$2@gal.iecc.com> <fdrqpfFtrpbU2@mid.individual.net> <1678627037.539574265.991160.peter_flass-yahoo.com@news.eternal-september.org> <PM0005648CB16CAB60@aca4146a.ipt.aol.com> <4AkeC.4958$yv1.2015@fx07.iad>Show Full Headers
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X-Received: by 10.55.164.211 with SMTP id n202mr4773009qke.9.1518016076455; Wed, 07 Feb 2018 07:07:56 -0800 (PST) X-BeenThere: alt.folklore.computers@googlegroups.com Received: by 10.200.44.56 with SMTP id d53ls1263573qta.4.gmail; Wed, 07 Feb 2018 07:07:55 -0800 (PST) X-Received: by 10.237.36.28 with SMTP id r28mr4489680qtc.7.1518016075758; Wed, 07 Feb 2018 07:07:55 -0800 (PST) Path: mbox-mo1.pugleaf.net!h12ni18qte.0!nntp.google.com!peer03.iad!feed-me.highwinds-media.com!news.highwinds-media.com!spln!extra.newsguy.com!newsp.newsguy.com!news1 From: jmfbahciv <See....@aol.com> Newsgroups: alt.folklore.computers Subject: Re: Bitcoin confusion? Date: 7 Feb 2018 15:07:34 GMT Organization: "Have EDDT, will travel" Lines: 40 Message-ID: <PM000564A0C3704154@aca408ef.ipt.aol.com> References: <p59htp$l66$1@dont-email.me> <p5acdd$1gt3$2@gal.iecc.com> <fdrqpfFtrpbU2@mid.individual.net> <1678627037.539574265.991160.peter_flass-yahoo.com@news.eternal-september.org> <PM0005648CB16CAB60@aca4146a.ipt.aol.com> <p59htp$l66$1@dont-email.me> <p59vu0$5go$1@dont-email.me> <p5a2ib$lv6$1@gal.iecc.com> <fdrhe4Frf66U2@mid.individual.net> <p5acdd$1gt3$2@gal.iecc.com> <fdrqpfFtrpbU2@mid.individual.net> <p59htp$l66$1@dont-email.me> <p59vu0$5go$1@dont-email.me> <p5a2ib$lv6$1@gal.iecc.com> <fdrhe4Frf66U2@mid.individual.net> <p5acdd$1gt3$2@gal.iecc.com> <fdrqpfFtrpbU2@mid.individual.net> <1678627037.539574265.991160.peter_flass-yahoo.com@news.eternal-september.org> <PM0005648CB16CAB60@aca4146a.ipt.aol.com> <4AkeC.4958$yv1.2015@fx07.iad> NNTP-Posting-Host: pef930b4cdb87a272791eb3cdd2bffd2efad6fc56261fed1a.newsdawg.com Mime-Version: 1.0 User-Agent: Pineapple News/0.9.0 (Mac OS X 10.4.9 PowerPC) X-Registered-To: [Registered Name] X-Program-URL: http://www.platinumball.net/pineapple/news/macosx/ X-Received-Bytes: 2805 X-Received-Body-CRC: 3010899393 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 7bit