Article View: alt.folklore.computers
Article #620251Re: Bitcoin confusion?
From: jmfbahciv
Date: Wed, 07 Feb 2018 15:07
Date: Wed, 07 Feb 2018 15:07
28 lines
3058 bytes
3058 bytes
meaty...@gmail.com wrote: > >> > >> > Bitcoins are wonderful for anyone engaged in illegal business, p@rn, arms >> > trading, drugs, human trafficing, etc. For other stuff I'll stick to $. >> > >> But there's no way to cash it in unless one can find someone who is willing >> to buy the bitcoins for government-backed currency. It's almost like a >> pyramid scheme. >> >> /BAH > > yeah but i dont buy dollars with bitcoins to buy video games, i just buy >the games with bitcoin, you see? Also it costs money to create bitcoins, >so according to what philosophy you subscribe to, they may have value. Buying games, etc. with bitcoin is fine until the sellers believe that bitcoin is worthy so they can use it to pay for stuff, e.g., paychecks, infrastructure, etc. this is all about emotion, not logic. US states had their own currencies until things became extremely messy. Then the dollar was invented and came under the jurisdiction of the Federal government. I miss Morten. At this point he would give us a tutorial about currencies and their relationship to economies, politics, etc. He never talked about bitcoins. /BAH
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X-Received: by 10.55.161.7 with SMTP id k7mr4836407qke.50.1518016076456; Wed, 07 Feb 2018 07:07:56 -0800 (PST) X-BeenThere: alt.folklore.computers@googlegroups.com Received: by 10.200.3.68 with SMTP id w4ls1263393qtg.5.gmail; Wed, 07 Feb 2018 07:07:55 -0800 (PST) X-Received: by 10.200.51.44 with SMTP id t41mr4030535qta.60.1518016075729; Wed, 07 Feb 2018 07:07:55 -0800 (PST) Path: mbox-mo1.pugleaf.net!h12ni39qte.0!nntp.google.com!peer03.iad!feed-me.highwinds-media.com!news.highwinds-media.com!spln!extra.newsguy.com!newsp.newsguy.com!news1 From: jmfbahciv <See....@aol.com> Newsgroups: alt.folklore.computers Subject: Re: Bitcoin confusion? Date: 7 Feb 2018 15:07:24 GMT Organization: "Have EDDT, will travel" Lines: 28 Message-ID: <PM000564A0D9489BD0@aca408ef.ipt.aol.com> References: <p59htp$l66$1@dont-email.me> <p5a2ib$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$2@gal.iecc.com> <fdrqpfFtrpbU2@mid.individual.net> <p59htp$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> <8bee68f5-0e25-4f63-8c93-9453940ba126@googlegroups.com> NNTP-Posting-Host: p7fd3be5f5031e0aac521475a5c340c6591dd109834c97dbc.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: 2597 X-Received-Body-CRC: 3593492798 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 7bit