HPC Goons now Pricing Crash in Bitcoins

dryhat

chucky wrote: »

I would bother to argue with you and put you in your box but it would give Bitcoin the exposure you so crave, so I won't.

That's OK thank you.

I'll take that as acknowledgement of your defeat and you have run out of arguments.

Over and out. My work is done I will not post again on this thread.

chucky

dryhat wrote: »

That's OK thank you.

I'll take that as acknowledgement of your defeat and you have run out of arguments.

Over and out. My work is done I will not post again on this thread.

You can take it as whatever you like.

Dribley

THE_MASKED_TURNIP wrote: »

Rediculous!!!

It certainly is my friend, it certainly is!

Loughton_Monkey

chucky wrote: »

You can't build a house with Bitcoin.

That is 100% fact.

I tried it once, but the blockchain simply couldn't handle all the cryptographice hashes in the roofspace despite having a Block Erupter USB. Even the Avalon Rigs I bought in to solve the problem didn't work, and so eventually I had to resort to traditional methods and bring in the Irish navvies.

MFW_ASAP

dryhat wrote: »

(similar to the famous "hofhouses")

Are these houses built by David Hasselhoff?

I assume you mean the famous Huf Haus? Clearly not so famous after all if you don't even know what they are called.

mayonnaise

dryhat wrote: »

£1000 of Bitcoin bought 9 months ago would now be worth over £20000.

And that volatility is why it will fail as a digital currency (among other reasons).

Loughton_Monkey

mayonnaise wrote: »

And that volatility is why it will fail as a digital currency (among other reasons).

I have a mild distrust of all derivatives. Some of them, however, do seem to be derivatives of something "real" [like an actual share].

I think the credit swap industry created derivatives of derivatives. That's highly toxic.

Bitcoins are, however, are a derivative of... er... fresh air? They remind me of some highly remote Amazonian tribe who might dig up bright red stones and declare them of 'value'. They could go for years paying each other in these for hard labour, or as dowries for their daughters...... until such time as they notice that once they need to go into the 'real' world to buy emergency supplies, the stones end up being worthless to anyone else other than themselves.