Bitcoins - digital currency - Page 1075 - Business, Finances and Investing Forum

The solution *is* bitcoin for me. Not everyone is the same. I was deeply in debt when I first heard about bitcoin. I owed 30k debt. I had no income, no job, no education, and $20 in my pocket. I bought 11 BTC with that. I didn't get rich from that, because I used it to pay back debts as I could get ahold of the people and pay them that I owed.

I'm sorry that you may not like or agree with it, but I simply would not have got out of debt as easily (if ever) if it were not for BTC's saving power. It took me years to pay back those debts.

Ah yes, if we could only tell everyone in debt that the path to getting out of debt is to invest what cash you have in an extremely risky investment. You know if you invested your money in lottery tickets instead of BTC not only would you be debt free but you'd also be rich? Results oriented much?

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01-22-2018 , 10:49 PM

#26853

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 22,811

Quote:

Originally Posted by Dudd

Gamblor is aka HIV, a guy who willingly entered into a partnership with thebayareabeast. You're wasting your time

Wow... his OOT thread got epic as ****

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01-22-2018 , 11:20 PM

#26854

XMember

banned

Join Date: Jul 2009 Posts: 491

Quote:

Originally Posted by Dudd

Gamblor is aka HIV, a guy who willingly entered into a partnership with thebayareabeast. You're wasting your time

hes also one of the dumbest pieces of **** ever born and lies constantly for attention. he should be banned from the site.

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01-22-2018 , 11:59 PM

#26855

Mat Cauthon

adept

Join Date: Mar 2006 Posts: 1,147

Pot, meet kettle.

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01-23-2018 , 03:31 AM

#26856

TheGodson

veteran

Join Date: Mar 2013 Posts: 3,057

I think it is probably a good idea for people like gamblor777 not to get a credit card. At least he understands that he is bad with it and stays away from it. He could always change his ways, but if he knows that he won't then he definitely shouldn't get one.

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01-23-2018 , 04:08 AM

#26857

Shoe

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 11,869

Quote:

Originally Posted by housenuts

Lol at bitcoin thread turning in to credit card discussion thread.

It is only natural for the discussion in this forum to evolve towards superior products and solutions.

Last edited by Shoe; 01-23-2018 at 04:17 AM.

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01-23-2018 , 04:28 AM

#26858

barney big nuts

veteran

Join Date: Dec 2017 Posts: 1,991

Quote:

Originally Posted by XMember

hes also one of the dumbest pieces of **** ever born and lies constantly for attention. he should be banned from the site.

Dispicable. You need to chill

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01-23-2018 , 05:45 AM

#26859

Zenzor

Pooh-Bah

Join Date: Dec 2007 Posts: 5,420

lots of interesting things happening in bitcoin at the moment, it's a shame this thread is being gutted by moonkids, rekt plebs, and attention-whoring trolls.

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01-23-2018 , 07:52 AM

#26860

nickjehz

veteran

Join Date: Jun 2007 Posts: 2,112

Quote:

Originally Posted by Mat Cauthon

Pot, meet kettle.

hahahaha. this needs more love.

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01-23-2018 , 08:07 AM

#26861

nickjehz

veteran

Join Date: Jun 2007 Posts: 2,112

Quote:

Originally Posted by XMember

Some ****ing scum ITT they like their police, fire, court system, clean water on demand etc But want to use their criminal coins to steal from their neighbors and freeload. I will be paying more in taxes on my BTC gains this year than 99% of the crypto cultists in this forum have in total “on paper” gains.

you pay exactly the same taxes as everybody else.

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01-23-2018 , 08:47 AM

#26862

BABARtheELEPHANT

old hand

Join Date: Jan 2013 Posts: 1,920

oh hi HIV, member when you scammed me out of 5k a few years ago? You are a degen POS. You don't get to blame "the system".

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01-23-2018 , 09:09 AM

#26863

doodiewiz

journeyman

Join Date: Mar 2011 Posts: 365

Will lightning work out? Seems like loads of problems getting going.. I think Ethereum could take the top spot this year..

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01-23-2018 , 09:20 AM

#26864

eddymitchel

Carpal \'Tunnel

Join Date: Oct 2007 Posts: 6,761

Quote:

Originally Posted by doodiewiz

Will lightning work out? Seems like loads of problems getting going.. I think Ethereum could take the top spot this year..

Only time will tell, the only really negative stuff i read come from /r/btc and Bitcoin cash advocate so not that relevant.

So far it s promising, and it will either fail or succeed fast. Lightning adoption seems to get way more traction than segwit, even if lightning fail it s pushing segwit adoption on the way.

The only concerning news imo is early adopters skipping testnet to try on mainnet some beta with risk to lose some money. Lightning main developper posting about premature release is not a great look, but at the same time it can lead to alot of progress for better or for worse.

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01-23-2018 , 11:01 AM

#26865

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 22,811

You can tell how excited the market is for all these interesting things going on in Bitcoin

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01-23-2018 , 11:09 AM

#26866

eddymitchel

Carpal \'Tunnel

Join Date: Oct 2007 Posts: 6,761

the market doesnt look super excited by anything right now.

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01-23-2018 , 11:13 AM

#26867

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

crypto hacking is a $200 million annual revenue industry

Kind of an interesting article which made me consider something I hadn't previously. Could the government go after the current owners of previously stolen coins for receiving stolen goods?

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01-23-2018 , 11:23 AM

#26868

eddymitchel

Carpal \'Tunnel

Join Date: Oct 2007 Posts: 6,761

The problem here is wether you knowingly bought stolen goods, people buying on ebay for suspiciously low prices would be at risk, but it must be so trivial for anyone that stole some bitcoin to buy a verified account on an exchange and transform them into some other coin for normal prices that your exemple should be unlikely.

Decentralized exchanges will be a problem and atomic swaps will be another one for tracability in the future.

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01-23-2018 , 11:28 AM

#26869

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

Whether you knowingly received stolen goods doesn't matter if the government decides to take the stolen goods and return them to their rightful owner. If the hacker trades them on an exchange then the exchange is now in possession of stolen goods.

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01-23-2018 , 11:42 AM

#26870

eddymitchel

Carpal \'Tunnel

Join Date: Oct 2007 Posts: 6,761

The big difference is your chances to end up in jail on top of losing the money.
On the other hand right now if you buy some stolen bitcoin you are very likely to lose them since you are a prolly moron and most likely an easy target for the thief

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01-23-2018 , 11:57 AM

#26871

DoctorZangief

banned

Join Date: Aug 2014 Posts: 2,559

lol hilarious watching plebs debate laws. Also I wipe my ass with $200 million. 300 if I've had chili. Real hacking costs like a trillion a year.

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01-23-2018 , 12:00 PM

#26872

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

I'll take that to mean you don't actually know anything useful.

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01-23-2018 , 12:10 PM

#26873

upswinging

banned

Join Date: Jan 2017 Posts: 839

I'm sorry, how much is lost due to credit card fraud every single year? Not just banks and customers, I'm talking about the merchants too.

I'm pretty sure a while back that number was $190 BILLION per year. A different article says 46% of Americans were victims of cc fraud in the last 5 years. Credit are awesome and so efficient! They don't need to be replaced! But hey, let's all just keep hating on bitcoin because we didn't buy it when it was $0.50.

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01-23-2018 , 12:25 PM

#26874

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

You've totally missed the point. If btc isn't anonymous and the government can prove which coins were stolen doesn't that essentially makes them un spendable? What prevents the government from putting the onus on exchanges or citizens to not buy stolen coins? If the government came out tomorrow and said we're going to begin prosecuting anyone caught knowingly accepting stolen coins how would that effect btc?

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01-23-2018 , 12:27 PM

#26875

Mat Cauthon

adept

Join Date: Mar 2006 Posts: 1,147

Quote:

Originally Posted by de captain

It sounds reasonable in theory, which is why some government that hasn't thought it through might try, but it's impossible in practice. It has been discussed at length, but I don't have the links at hand. Basically, you can always make transaction chains that are a little bit longer than the law considers enough. And if they lengthen the requirement, then all of a sudden they criminalized every business and exchange in the space.

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