Article View: alt.folklore.computers
Article #620253Re: Bitcoin confusion?
From: Ahem A Rivets Shot
Date: Wed, 07 Feb 2018 20:19
Date: Wed, 07 Feb 2018 20:19
46 lines
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3977 bytes
On Wed, 07 Feb 2018 12:52:19 -0600 JimP <solo...@gmail.com> wrote: > On 7 Feb 2018 15:07:24 GMT, jmfbahciv <See....@aol.com> wrote: > > >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 > > I trust bitcoins far less than I trust the fiat money I get paid in by > the US government. You can't pay taxes in bitcoin, therefore it isn't money. -- Steve O'Hara-Smith | Directable Mirror Arrays C:\>WIN | A better way to focus the sun The computer obeys and wins. | licences available see You lose and Bill collects. | http://www.sohara.org/
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X-Received: by 10.200.44.22 with SMTP id d22mr1553949qta.22.1518035404827; Wed, 07 Feb 2018 12:30:04 -0800 (PST) X-BeenThere: alt.folklore.computers@googlegroups.com Received: by 10.237.56.67 with SMTP id j61ls1638940qte.13.gmail; Wed, 07 Feb 2018 12:30:04 -0800 (PST) X-Received: by 10.200.38.61 with SMTP id u58mr4294271qtu.62.1518035404050; Wed, 07 Feb 2018 12:30:04 -0800 (PST) Path: mbox-mo1.pugleaf.net!h12ni39qte.0!nntp.google.com!peer03.iad!feed-me.highwinds-media.com!peer01.fr7!futter-mich.highwinds-media.com!peer03.am4!peer.am4.highwinds-media.com!news.highwinds-media.com!news.roellig-ltd.de!open-news-network.org!weretis.net!feeder4.news.weretis.net!eternal-september.org!feeder.eternal-september.org!reader02.eternal-september.org!.POSTED!not-for-mail From: Ahem A Rivet's Shot <ste...@eircom.net> Newsgroups: alt.folklore.computers Subject: Re: Bitcoin confusion? Date: Wed, 7 Feb 2018 20:19:46 +0000 Organization: A noiseless patient Spider Lines: 46 Message-ID: <20180207201946.3b0be04e25a5e171a238de24@eircom.net> References: <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> <PM000564A0D9489BD0@aca408ef.ipt.aol.com> <5mim7ddobt5g6mfojg67kbiup535sov3h3@4ax.com> Mime-Version: 1.0 Injection-Info: reader02.eternal-september.org; posting-host="85aa33ad7ddcdfb6581554305aea8a42"; logging-data="30773"; mail-complaints-to="ab...@eternal-september.org"; posting-account="U2FsdGVkX19RFKV2ztQpTMOWiGj/FwgddHEpJqTxDeU=" X-Newsreader: Sylpheed 3.6.0 (GTK+ 2.24.31; amd64-portbld-freebsd11.0) Cancel-Lock: sha1:jsOc8cGIrZlWTLNqpwoDk2J1vYA= X-Clacks-Overhead: "GNU Terry Pratchett" X-Received-Body-CRC: 916542576 X-Received-Bytes: 3547 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 7bit