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France9034 Posts
The way you put it, R1CH, I only see an advantage in converting currency to bitcoin and then immediately use these bitcoins to pay.
On December 03 2013 22:15 dreamseller wrote:Show nested quote +On December 03 2013 22:11 Ragnarork wrote:
I'm quite perplexed by this, but that just may be because I see Bitcoin as a fuzzy thing that will go down in flames and die eventually... :/ maybe. people are pretty angry at the international banking system. this is a solution
People have the right to be angry at the international banking system, and bitcoin is an intersting experiment of trying to bypass it (it's the best thing about it I'd say). But that's still highly volatile, the bubble will explode, it's not a matter of "if" but "when". What I think is that Bitcoin will fail in the end, but its idea is interesting and there's good chance that it will survive.
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On December 03 2013 23:23 Zealously wrote:Show nested quote +On December 03 2013 23:05 govie wrote:
Bitcoin is misleading currency. Never buy bitcoins (i know i will get alot of hate for this post, care, its the truth). The truth can usually be backed up with accessible facts. So go ahead and tell us why you're right.
Unlike regular dollars, bitcoins fall out of the judicial domain which means that ordinary crimes like theft for example are not punishable. Above that one could question if supporting a virtual black market currency is to be advised. It was never this easy to buy black market (illegal) goods online or have big amounts of valuable goods which can't be taxed (and thus undermining state redistribution).
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On December 04 2013 00:37 gneGne wrote:Show nested quote +On December 03 2013 23:23 Zealously wrote:On December 03 2013 23:05 govie wrote:
Bitcoin is misleading currency. Never buy bitcoins (i know i will get alot of hate for this post, care, its the truth). The truth can usually be backed up with accessible facts. So go ahead and tell us why you're right. Unlike regular dollars, bitcoins fall out of the judicial domain which means that ordinary crimes like theft for example are not punishable. Above that one could question if supporting a virtual black market currency is to be advised. It was never this easy to buy black market (illegal) goods online or have big amounts of valuable goods which can't be taxed (and thus undermining the state).
why are crimes like bitcoin theft not punishable? I understand that it would be hard - if not impossible - to prove, but theft is theft. if you could prove that someone hacked your wallet and transfered the btc to an address owned by himself you can make a case. Again: this is very hypothetical. It is almost impossible to prove all that, but it is almost impossible for a third party to steal your btc if you are not stupid. if you trust an online wallet or similar then it's of course entirely possible that it gets stolen.
it is easy buying illegal goods, but the person selling has to explain where all his money comes from as soon as he cashes in in a fiat currency. and depending where he does that he has of course to pay taxes.
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Normally I just lurk on here, but I felt the need to come show my support for this. Been a long time sc player.. TL was never really the team I supported nor my forum of choice, more a source for info.. but this is awesome.. I might need to browse around the store now :p.
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of course you guys are LOL, time to make some profit off the noobs who know nothing about bitcoin! :D
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I think it's awesome move. Though we'll see how long it will last. No way the governments will leave something which is non-regulated money alone. Sooner or later they'll surely try to take control over it, probably destroying it and everything it is about.
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Wow that's cool teamliquid... 
On December 04 2013 00:29 Ragnarork wrote:The way you put it, R1CH, I only see an advantage in converting currency to bitcoin and then immediately use these bitcoins to pay. Show nested quote +On December 03 2013 22:15 dreamseller wrote:On December 03 2013 22:11 Ragnarork wrote:
I'm quite perplexed by this, but that just may be because I see Bitcoin as a fuzzy thing that will go down in flames and die eventually... :/ maybe. people are pretty angry at the international banking system. this is a solution People have the right to be angry at the international banking system, and bitcoin is an intersting experiment of trying to bypass it (it's the best thing about it I'd say). But that's still highly volatile, the bubble will explode, it's not a matter of "if" but "when". What I think is that Bitcoin will fail in the end, but its idea is interesting and there's good chance that it will survive.
Oh my god we have an visionary economic expert here.
There is only one thing can make Bitcoin explode, it's china + usa + europe make it illegal. If not. If tomorrow USA or China make it perfectly legal you can be sure big player will come in, and the value will skyrocket. Bitcoin si only a bet about this right now, nothing more, because we are a huge community, and people are holding bitcoin like gold in war time. It's the biggest revolution since internet.
I don't think government can bypass Cryptocurrency, maybe bitcoin yes, but not the technology behind it. It's the future, and it's now. You to need to be blind like someone using mail and don't see any interest about e-mail in early 90s'.
Bitcoin is exactly like internet, this technology only need "tools" to be usefull like nothing else before.
reddit.com/r/bitcoin for who want to learn more...
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Was is this? I´ve watched the video and I´ve still no idea what you want me to do XD
But I guess TL will get some money through this, good move!
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United States11393 Posts
On December 04 2013 00:42 Caihead wrote:
Is this a joke?
Why would it be a joke?
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Big up to TL for this, but right now I wouldn't want to spend any bitcoins (maybe if I get scared they'll run out of those sweet discontinued hoodies soon i might shell out some  ) because I still think that it's way underpriced for the utility it has. For any of you who had the nightmare of validating a PayPal account or opening a bank account abroad, bitcoin is superfast and cheap. As soon as it will come under proper legislation theft and other related crimes will be controlled, at least for the majority of users who choose added security over total anonimity. True, the current skyrocketing in price is a bit quick and possibly bitcoin right now is a tad bit overvalued but its really nothing compared to what it's really worth as a means of exchange. Having said that, I have some Litecoins as well just to be on the safe side. For those wailing about cryptocoins being only useful to druglords and those who hustle with child porn, I have bad news, so is the US dollar . Seriously though, the demise of Silk Road halted growth for about 12 hours tops, the real driving force from around the 180-200$ mark was the huge influx of chinese investors. Right now the market is extremely volatile, anyone with the right amount of bitcoins can cause waves by flooding the market. As the market cap grows, these moves will be more and more difficult to pull of and the rate of growth will slow but also it will also enable the currency to calm down.
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Can i pay in starcraft Broodwar minerals :D
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On December 04 2013 01:52 pebble444 wrote:
Can i pay in starcraft Broodwar minerals :D
DANG! he wants the microwave. Now this is smart, maybe there is a way to link the number of played sc2 games or posts on tl to the store for discount?
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Bitcoin is extremely silly...
Can't wait for this silly bubble to burst and people be out of a ton of money..
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I really hope TL is gonna convert all its bitcoins to real money ASAP so they won't get hurt by the collapsing bubble :/
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Canada16217 Posts
On December 04 2013 02:19 gkts wrote:
I really hope TL is gonna convert all its bitcoins to real money ASAP so they won't get hurt by the collapsing bubble :/
Yes no need to worry.
On December 03 2013 23:30 R1CH wrote:Show nested quote +On December 03 2013 23:27 Pazuzu wrote:On December 03 2013 23:23 Zealously wrote:On December 03 2013 23:05 govie wrote:
Bitcoin is misleading currency. Never buy bitcoins (i know i will get alot of hate for this post, care, its the truth). The truth can usually be backed up with accessible facts. So go ahead and tell us why you're right. It just screams bubble and when it pops it could hurt those who are heavily invested in it. However, if TL is selling for USD immediately upon transfer then theres no risk of that happening; even if bitcoins eventually crash it won't end up hurting them The reason we're using bitpay instead of accepting bitcoin directly is precisely because of this - they offer immediate conversion to USD or Euro so there is no risk for us if bitcoin prices fluctuate.
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well its a bubble now. but long term its an alternative. theres good and bad things about it. cool is that you dont have to pay any fee for accepting bitcoin to the paypal mafia or something.
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On December 04 2013 01:27 MaNGi wrote:Wow that's cool teamliquid... Show nested quote +On December 04 2013 00:29 Ragnarork wrote:The way you put it, R1CH, I only see an advantage in converting currency to bitcoin and then immediately use these bitcoins to pay. On December 03 2013 22:15 dreamseller wrote:On December 03 2013 22:11 Ragnarork wrote:
I'm quite perplexed by this, but that just may be because I see Bitcoin as a fuzzy thing that will go down in flames and die eventually... :/ maybe. people are pretty angry at the international banking system. this is a solution People have the right to be angry at the international banking system, and bitcoin is an intersting experiment of trying to bypass it (it's the best thing about it I'd say). But that's still highly volatile, the bubble will explode, it's not a matter of "if" but "when". What I think is that Bitcoin will fail in the end, but its idea is interesting and there's good chance that it will survive. Oh my god we have an visionary economic expert here. There is only one thing can make Bitcoin explode, it's china + usa + europe make it illegal. If not. If tomorrow USA or China make it perfectly legal you can be sure big player will come in, and the value will skyrocket. Bitcoin si only a bet about this right now, nothing more, because we are a huge community, and people are holding bitcoin like gold in war time. It's the biggest revolution since internet. I don't think government can bypass Cryptocurrency, maybe bitcoin yes, but not the technology behind it. It's the future, and it's now. You to need to be blind like someone using mail and don't see any interest about e-mail in early 90s'. Bitcoin is exactly like internet, this technology only need "tools" to be usefull like nothing else before. reddit.com/r/bitcoin for who want to learn more...
Of course if USA or China make it legal, it will be be legit lol.
But based on what reason should they make it legal is the question. Bitcoin is advertised to have lower transaction fee. There's nothing else to back it up. However, people buy bitcoin right now just to stock it up and not use it like it's supposed to. That's the first red flag of bubble.
And my god, do you see its sisters? Litecoin, torcoin,...v..v. There're dozens of similar knockoff. Bitcoin even has events, such as sales on Black Friday and the like. It's obvious that Bitcoin isn't being treated as a currency, but as a commodity, a stock.
Right now, bitcoin is like a stock of a company that do transaction payment service, kind of like Western Union but with much lower fee. I'm a stock trader, so I love trading and learning bitcoin, but I will never, for a million year, recommend family to put money in it. From my experience, people are fascinating about bitcoin because for a lot of people this is the first time they ever come close to experience stock trading. I saw this pattern in Vietnamese stock exchange and US stock exchange.
To make bitcoin legit, there are gonna be heavy heavy regulation for it and its sisters, and as we all know, regulation creates fee for parties. In the end of the day, the fee should be very similar to normal currency exchange fee imo.
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Bisutopia19299 Posts
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EPT
