EPTTL Store: Now accepting Bitcoin! - Page 5
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FabledIntegral
United States9232 Posts
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Cheren
United States2911 Posts
Anyway, the time to get filthy fucking rich off of bitcoin is over. Think of it more as a tool for easy online payments than an investment. Please, for your own good. | ||
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scDeluX
Canada1341 Posts
On December 04 2013 05:42 FabledIntegral wrote: Would it be possible to invest in bitcoins by simply buying one now and sitting on it, and hoping it appreciates in value? Similar to gold? Yes. But no need to say it is a high risk investment. | ||
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fight_or_flight
United States3988 Posts
On December 04 2013 05:39 Oakenshield wrote: Bitcoin supporters only talk about the profit a few of them made, and never talk about the thousands of hours and dollars wasted and lost. Or the times it's been hacked. Or the fact that almost no one accepts it except for a now defunct illegal drug trade website. I'm really shocked that Team Liquid would even want bitcoins, I imagine they got some kind of a special deal from the company. This isn't a criticism, just genuine shock. Teamliquid isn't getting bitcoins. When you pay with btc here, it goes to an address owned by bitpay. Bitpay immediately sells the btc on the open market, and puts the cash (what TL is owed, not what it actually sold for on the market) in teamliquid's bank account. All at a 1% fee or less. TL is actually getting more dollars in their bank account and faster when you pay with bitcoin than if you pay using another method. | ||
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fight_or_flight
United States3988 Posts
https://en.bitcoin.it/wiki/Agents If a major monetary system collapses and a large group switch to bitcoin, just realize that no one is in the driver's seat. Just like any government, military, corporation, or banking system, it will seek to maximize it's own influence. But this time it's a protocol which runs on silicon and employs humans, robots, and AI to do it's bidding. Watch out. | ||
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felisconcolori
United States6168 Posts
On December 04 2013 05:42 FabledIntegral wrote: Would it be possible to invest in bitcoins by simply buying one now and sitting on it, and hoping it appreciates in value? Similar to gold? If you've got a spare ~$1,000 handy, at the moment. Maybe $2k tomorrow. Maybe $20. | ||
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tadL
Croatia679 Posts
offtopic + Show Spoiler + It is for sure interesting and we can just hope that bank cockroaches are not able to get their dirty hands on this money too or it will be all gone. Thats the only sure thing when it comes to banks that are allowed to get pay rents (hope that is the right translation). As their approach failed in buying countrys to stop Bitcoins they will for sure try it. And just to get some smart people start too think before they replay because they got offended. There is a reason why there is a whole bank industry that was not at any point get in touch with the last financial crisis. You can google who and maybe you will be surprised | ||
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AlternativeEgo
Sweden17309 Posts
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fortheGG
United Kingdom1002 Posts
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Serek
United Kingdom459 Posts
On December 03 2013 22:15 dreamseller wrote: maybe. people are pretty angry at the international banking system. this is a solution It's not a solution until you can pay your taxes with it. | ||
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fight_or_flight
United States3988 Posts
On December 04 2013 06:32 felisconcolori wrote: If you've got a spare ~$1,000 handy, at the moment. Maybe $2k tomorrow. Maybe $20. A single btc is divisible down to 8 decimal places, so you can buy any amount. Right now a whole btc is a lot, we're moving toward making mbtc or ubtc the standard unit that's displayed/priced/talked about, etc. On December 04 2013 06:33 tadL wrote: I am surprised that you join Bitcoin. But with ebay jumping on the train it seems much safer overall. offtopic + Show Spoiler + It is for sure interesting and we can just hope that bank cockroaches are not able to get their dirty hands on this money too or it will be all gone. As mentioned, they're using bitpay for immediate direct deposit to a bank account. + Show Spoiler + Banks are already trying to get their dirty hands on bitcoin. The UK Royal Mint is drawing up plans to release a commemorative gold coin which is worth 1 bitcoin, in addition to the gold content. But the catch is that the coin would merely be a receipt for a bitcoin which is held in a database in the Mint's possession, and it would be redeemable for only regular currency equal to the bitcoin market value on a particular day. In reality they're attempting to issue bitcoins out of thin air by creating something 'equivalent' to bitcoin but redeemable for cash only. They don't actually have to hold a single bitcoin in order to make their scheme work, but it creates an artificial supply. Just the same old tricks. Let me make something clear to everyone: if you don't hold the private key, you don't own any btc. But I doubt it will threaten actual minted btcs because you can't use their system for the many benefits that a real bitcoin has, such as buying things online or less counterpart risk/potential asset seizure. So they may make a few commemorative coins then they'll probably eventually stop. I think it's just an experiment right now. | ||
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vitruvia
Canada235 Posts
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Shikyo
Finland33997 Posts
Currently it's almost impossible at least for me to defeat electricity bills for mining bitcoin without completely specialized systems so... | ||
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ggofthejungle
Romania392 Posts
On December 04 2013 04:18 Noobity wrote: I worry so much that bitcoins are going to devalue work. If you could skip being a doctor or scientist because you find a way to make more money buying a powerful computer network and letting it run passively, what tangible value is there in spending all that time in school to do those jobs? I don't know, mangs. I'll be honest that I haven't done any research on bitcoins, but the general idea behind it strikes me as worse than the systems we're trying to get away from. I'd be a terrible person to debate with, and I'm abysmal with money. But I'm just incredibly wary. Good luck with it though, TL. Seems like little to no risk, and it's always good when a company improves on their model, whether nubs like me worry or not. Oh my god you're so off with your comment my brain hurts! TL is not mining the money. | ||
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Chezus
Netherlands427 Posts
On December 04 2013 08:17 Shikyo wrote: Hrm. Currently it's almost impossible at least for me to defeat electricity bills for mining bitcoin without completely specialized systems so... It is actually fairly profitable to mine other cryptocurrency, other than bitcoin. Like LiteCoin for example. Since their fates are kind of intertwined anyway. LiteCoin being the second largest next to bitcoin. I'm currently looking at about 100 dollars a month profit (780 gtx, 340 kh/s) with electricity bill deducted. I own an Nvidia card though, AMD cards seem to perform much better in this area. A 7990 ($600) gets like 1100 kh/s which almost pays for itself in a month ($500/month) at the moment. | ||
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Sunfish
Austria162 Posts
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EonShiKeno
United States122 Posts
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iamho
United States3347 Posts
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Gnaix
United States438 Posts
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Pittski
United States50 Posts
Also, if you come to think of it. Bitcoins can ultimately really hurt the World Economy if it picks up. Since its basing its currency off thin air. It will increase national debt since it is not being produced off a Gold amount. | ||
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