Bitcoins

Mr._Pricklepants

wotsthat wrote: »

Before this thread I'd never even heard of a bitcoin. It's been brilliant being able to watch a bubble from start to finish in the space of a few days.

This was just a blip.

I'll bet you a pricklecoin that the whole bitcoin experiment will unravel shortly. Recent events have shown it's neither a safe haven nor a currency. It's just a computer algorithm.

I think I'll stick to good old, unbacked, abused fiat currency.

Tancred

drc wrote: »

What do people think about these?

Are they going to be a credible alternative to the current monetary system or will they go the same way as the Dutch Tulip frenzy?

They used to be discussed a lot on conspiracy/fringe websites but now are being discussed in mainstream 'papers' like The Guardian, Economist etc.

It's a scam in my view. There are other schemes like e-gold, Liberty Reserve etc. All scams. The only legal means of exchange are those authorised by national central banks.

Graham_Devon

Well I'm a sucker and a half. How do I buy em

Mr._Pricklepants

Graham_Devon wrote: »

Well I'm a sucker and a half. How do I buy em

If you're using Skype, you may already be mining them for someone else through malware infection.

http://www.dailydot.com/news/skype-malware-bitcoin-mining-botnet/

dryhat

Mr._Pricklepants wrote: »

If you're using Skype, you may already be mining them for someone else through malware infection.

http://www.dailydot.com/news/skype-malware-bitcoin-mining-botnet/

Come on prickpants, don't be bitter just cos you missed the boat.

michaels

Remind me the first rule of Ponzi schemes - is it to big up your own investment to the uninitiated inorder to facilitate your own cashout?

Graham, I am an authorised bitcoin market maker. Please send me your money by Western Union and I will not only invest in bitcoins on your behalf but for a limited time only I will hold the cons on your behalf saving you the normal storeage fee - can't say better than that can you.

dryhat

michaels wrote: »

Graham, I am an authorised bitcoin market maker. Please send me your money by Western Union and I will not only invest in bitcoins on your behalf but for a limited tie only I will hold the cons on your behalf saving you the normal storeage fee - can't say better than that can you.

at least with a bitcoin ETF or whatevrer you're suggesting, I would be able to see for myself that you have actually bought the bitcoins for me.

unlike a gold ETF for example.

Mr._Pricklepants

michaels wrote: »

...for a limited tie only I will hold the cons on your behalf saving you the normal storeage fee

hehe......

Ark_Welder

dryhat wrote: »

You don't know what you're missing.

It's great fun.

I much prefer Cluedo. Discovering Miss Scarlett in the library with a length of rope has always had its fascinations.

UsernameAlreadyExists

Where can you monitor the "live price" of a bit coin?