Article View: alt.folklore.computers
Article #620252Re: Bitcoin confusion?
From: JimP
Date: Wed, 07 Feb 2018 18:52
Date: Wed, 07 Feb 2018 18:52
33 lines
2884 bytes
2884 bytes
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.
Technical Details
Message-ID:
<5mim7ddobt5g6mfojg67kbiup535sov3h3@4ax.com>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!news2References:
<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>Show Full Headers
Complete Article Headers
X-Received: by 10.55.23.105 with SMTP id i102mr5134463qkh.55.1518029564559; Wed, 07 Feb 2018 10:52:44 -0800 (PST) X-BeenThere: alt.folklore.computers@googlegroups.com Received: by 10.200.1.84 with SMTP id f20ls1532555qtg.3.gmail; Wed, 07 Feb 2018 10:52:43 -0800 (PST) X-Received: by 10.237.52.68 with SMTP id w62mr5211477qtd.15.1518029563814; Wed, 07 Feb 2018 10:52:43 -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!news2 From: JimP <solo...@gmail.com> Newsgroups: alt.folklore.computers Subject: Re: Bitcoin confusion? Date: Wed, 07 Feb 2018 12:52:19 -0600 Organization: NewsGuy.com Lines: 33 Message-ID: <5mim7ddobt5g6mfojg67kbiup535sov3h3@4ax.com> 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> NNTP-Posting-Host: pc9b6b2c93da4af782c93060cb66dce030cfbd79ce8fd5935.newsdawg.com Mime-Version: 1.0 User-Agent: ForteAgent/8.00.32.1272 X-Received-Bytes: 2402 X-Received-Body-CRC: 3240346148 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 7bit