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Re: Bitcoin

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Avolition is not online. Avolition
Joined: 20 Apr 2011
Total Posts: 708
03 Jul 2012 08:09 PM
Has anyone here had any experience mining Bitcoins? I have three miners running for a combined total of 1.2Gh/s, and was wondering if there are any other ROBLOXers taking on this hobby.

I'm up for a discussion on it c:
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belial52 is not online. belial52
Joined: 10 Oct 2009
Total Posts: 8074
03 Jul 2012 08:22 PM
What's a bitcoin?
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MrNicNac is not online. MrNicNac
Joined: 29 Aug 2008
Total Posts: 26567
03 Jul 2012 08:52 PM
Tor browser.

Hidden Wiki.
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t6e is not online. t6e
Joined: 25 Dec 2010
Total Posts: 587
03 Jul 2012 08:58 PM
Bitcoin...

I'll pass for now.
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Avolition is not online. Avolition
Joined: 20 Apr 2011
Total Posts: 708
03 Jul 2012 09:13 PM
@MNN

Why would you even want to go on deepweb to find an answer to what Bitcoins are when there are perfectly good answers on the www?
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NVI is not online. NVI
Joined: 11 Jan 2009
Total Posts: 4744
03 Jul 2012 09:18 PM
Bitcoin is useless. The generation rate is already slowing down. If you didn't get in on it several years ago, you're never going to.
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MrNicNac is not online. MrNicNac
Joined: 29 Aug 2008
Total Posts: 26567
03 Jul 2012 09:18 PM
Because the deep web makes you feel so much more adrenaline by sitting in a chair on a computer.
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pokelover980 is not online. pokelover980
Joined: 12 Jun 2009
Total Posts: 4141
03 Jul 2012 09:36 PM
Bitcoins: for Ron Paul supporters who want an untraceable way to buy their drugs and an alternative currency to the US dollar.
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lombardo2 is not online. lombardo2
Joined: 30 Nov 2008
Total Posts: 1604
03 Jul 2012 09:39 PM
Don't relate bitcoins with illegal things, bitcoin is just a digital currency
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MrNicNac is not online. MrNicNac
Joined: 29 Aug 2008
Total Posts: 26567
03 Jul 2012 09:46 PM
Aw, Tor isn't illegal.
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pokelover980 is not online. pokelover980
Joined: 12 Jun 2009
Total Posts: 4141
03 Jul 2012 09:50 PM
"Don't relate bitcoins with illegal things, bitcoin is just a digital currency"

It's hard not to when it's what it is used for in the majority of cases. Sure, there are legitimate uses for them, but almost nobody actually uses them for those purposes. It's either as an anonymous way of buying drugs or an attempt at making money off an alternative currency, but Bitcoin mining has increased in difficulty so much that only the people running large dedicated rigs, the ones with get several Gh/s, actually make any Bitcoins, and it takes them a while to see a return of their investment because mining is always increasing in difficulty and the worth of Bitcoins keeps getting lower. They exploded in worth for a while, but they sharply dropped because of it and have failed to rise since. It's a terrible currency and won't work out as well as people want it to.
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Avolition is not online. Avolition
Joined: 20 Apr 2011
Total Posts: 708
03 Jul 2012 09:55 PM
@pokelover

1. Bitcoins aren't anonymous. Every block transfer and exchange is logged and publicly available.

2. The US dollar is failing, what's wrong with finding an alternative currency?

@Zuka (still mad, bro?)

The only people who think that are the band wagoners who read headlines but not the actual statistics or whole picture. If you look at the introduction of any currency in history, you'll find that it hasn't been a smooth transition, and this goes especially for Bitcoin... a currency so revolutionized and ahead of its time.

Bitcoin prices have been fluctuating, ranging from 30 cents to 30 dollars, and not because Bitcoin is changing, but because the way the public perceives Bitcoin is changing. As more people grow doubt in the US dollar and seek ways to exchange escrow anonymously, and ways to earn money online, Bitcoins WILL rise in popularity again.
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wildnick7 is not online. wildnick7
Joined: 01 Feb 2011
Total Posts: 7600
03 Jul 2012 09:57 PM
@AVO
Team aVo?
BTW I don't forum here.
I just saw your name in the 'Last Post' thing.
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pokelover980 is not online. pokelover980
Joined: 12 Jun 2009
Total Posts: 4141
03 Jul 2012 10:11 PM
"1. Bitcoins aren't anonymous. Every block transfer and exchange is logged and publicly available."

They're anonymous because, even though the block transfer is available, it's near impossible to trace a Bitcoin address back to a specific person if they're using a different address for every single transaction they do. This is the specific reason Bitcoins are so popular among drug users looking for a way to buy drugs more anonymously. They're smart and know how to use Bitcoin anonymously.

"2. The US dollar is failing, what's wrong with finding an alternative currency?"

HAHAHAHAHAHA, LOOKS LIKE WE'VE CAUGHT A FRESH LIBERTARIAN, BOYS! But this isn't the time or place for political discussion, so I'm just going to call you an idiot instead.

"The only people who think that are the band wagoners who read headlines but not the actual statistics or whole picture. If you look at the introduction of any currency in history, you'll find that it hasn't been a smooth transition, and this goes especially for Bitcoin... a currency so revolutionized and ahead of its time."

Bitcoin is terrible, it is not revolutionary, and it is not ahead of its time. I refuse to even acknowledge it as a currency. People try and use it as one, but it doesn't make it one. If you go around trading scissors for everything, does that make scissors a currency? Absolutely not. It's a virtual way of bartering. People make money off of Bitcoins not by exchanging it for another currency, but by selling their Bitcoins in return for another currency. You could argue that it's essentially the same as exchanging currency, but it is not.

"Bitcoin prices have been fluctuating, ranging from 30 cents to 30 dollars, and not because Bitcoin is changing, but because the way the public perceives Bitcoin is changing. As more people grow doubt in the US dollar and seek ways to exchange escrow anonymously, and ways to earn money online, Bitcoins WILL rise in popularity again."

Lolnope. Bitcoin failed because it had a massive influx of Bitcoin miners hoping to hop on the bandwagon and make a quick buck. This caused Bitcoins to be produced far faster than expected, and made difficulty of mining skyrocket. Since it brought more people into the Bitcoin market, it also caused the value of Bitcoins to temporarily go up. However, you can see that as more and more people left the mining market and sold their Bitcoins in a rush while they were still worth a lot, the value drastically dropped. Mining became a monopoly in the hands of a few. People also aren't growing in doubt of the US dollar, it's one of the most stable currencies in the world, and I believe it's the second most worthy behind the British Pound. Bitcoins will not rise in popularity again. It will die out. It gained a sudden rise in popularity, but that died because it crashed horribly. I'm not just some uninformed citizen, I used to think Bitcoin was nice to. I operated a mining rig and made a few Bitcoins. A few months after I started the Bitcoin crash happened, and I looked into the reasons why. It made me realize that Bitcoins are absolutely the biggest piece of trash ever to be invented by the internet and adopted by Libertarian wackjobs.
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MrNicNac is not online. MrNicNac
Joined: 29 Aug 2008
Total Posts: 26567
03 Jul 2012 10:13 PM
"HAHAHAHAHAHA, LOOKS LIKE WE'VE CAUGHT A FRESH LIBERTARIAN, BOYS!"

What the Lua has come over you....
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pokelover980 is not online. pokelover980
Joined: 12 Jun 2009
Total Posts: 4141
03 Jul 2012 10:17 PM
"What the Lua has come over you...."

Absolutely nothing, but I love catching a fresh Libertarian on the internet. They're so fun to make fun of and so easy to disprove because all they do is shout out their support for drugs, Bitcoins, and the Good Doctor Ron Paul our Lord and Savior who is coming to save the Union of Privatized States in America from Liberty(TM) haters.
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geicogeko is not online. geicogeko
Joined: 27 Apr 2010
Total Posts: 2727
03 Jul 2012 10:32 PM
Don't waste your time D:
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eyeontheprizeREBOOT is not online. eyeontheprizeREBOOT
Joined: 30 Jan 2011
Total Posts: 1555
03 Jul 2012 10:36 PM
poke new favorite forumer replacing arceus
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aboy5643 is not online. aboy5643
Joined: 08 Oct 2010
Total Posts: 5458
03 Jul 2012 10:55 PM
@connor

Agreed!!!
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Avolition is not online. Avolition
Joined: 20 Apr 2011
Total Posts: 708
07 Jul 2012 11:29 AM
@poke

"They're anonymous because, even though the block transfer is available, it's near impossible to trace a Bitcoin address back to a specific person if they're using a different address for every single transaction they do."

Near impossible isn't impossible, therefore the term 'anonymous' doesn't fit. Maybe psuedoanonymous? When you're dealing with illegal matters such as drug trafficking, hacking, etc. you want to remain anonymous as possible, and sometimes pseudoanonymous isn't good enough.

"HAHAHAHAHAHA, LOOKS LIKE WE'VE CAUGHT A FRESH LIBERTARIAN, BOYS! But this isn't the time or place for political discussion, so I'm just going to call you an idiot instead."

I do not appreciate being branded as a fish. I hate seafood.

"Bitcoin is terrible, it is not revolutionary, and it is not ahead of its time. I refuse to even acknowledge it as a currency. People try and use it as one, but it doesn't make it one."

Just because you think a currency is terrible doesn't mean it's not ahead of its time or an innovative idea. Bitcoin is the first currency to be digital. Bitcoin is the first decentralized p2p currency to gain mainstream attention. Bitcoin is the first in a lot of things, and I'm sure you know that.

"If you go around trading scissors for everything, does that make scissors a currency? Absolutely not."

If you have people making livings off of Bitcoin, does that make it a currency? If you have people investing large amounts of time and resources into getting Bitcoin, does that make it a currency? If you have websites and startup firms that revolve around Bitcoin, does that make it a currency? If you have people offering services and goods for Bitcoin, does that make it a currency? Maybe.

"It's a virtual way of bartering. People make money off of Bitcoins not by exchanging it for another currency, but by selling their Bitcoins in return for another currency. You could argue that it's essentially the same as exchanging currency, but it is not."

This prompts me to ask again: "if Bitcoin isn't a currency, what is it?" because I don't like your answer of "a virtual way of bartering." Bartering is the exchange of goods with money, and you're saying that one of the goods itself is Bitcoin. Now, this doesn't really seem like something I can argue or make a case against; I think you either believe Bitcoin is a currency or you don't. All I say is you can't seriously go have a long, hard, good look at Mt Gox and seriously say to my face that Bitcoin is just a way of bartering.

"People also aren't growing in doubt of the US dollar, it's one of the most stable currencies in the world, and I believe it's the second most worthy behind the British Pound."

I'll not argue that because as you said up there ^^ this is not the place for politics. I don't even know why you had to bring up the US dollar; people who even think of the possibility that Bitcoin could be a threat to the US dollar are silly.

"I'm not just some uninformed citizen, I used to think Bitcoin was nice to."

So basically you're a disappointed enthusiast who had a sour experience with Bitcoins.

"the biggest piece of trash ever to be invented by the internet and adopted by Libertarian wackjobs."

lol
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Silvu is not online. Silvu
Joined: 05 Mar 2011
Total Posts: 19434
07 Jul 2012 11:35 AM
I use bitcoins to have websites that my parents don't know about

that's about it.
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pokelover980 is not online. pokelover980
Joined: 12 Jun 2009
Total Posts: 4141
07 Jul 2012 11:58 AM
Too lazy to write up an argument to the rest right now, have some stuff to do today so I'll get back to it later. But...

"I'll not argue that because as you said up there ^^ this is not the place for politics. I don't even know why you had to bring up the US dollar; people who even think of the possibility that Bitcoin could be a threat to the US dollar are silly."

I brought it up at first because it's why so many people use it. I then didn't mention it, and you brought it back up with:

"2. The US dollar is failing, what's wrong with finding an alternative currency?"

I left it, and you brought it back with an incredibly stupid statement.
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Avolition is not online. Avolition
Joined: 20 Apr 2011
Total Posts: 708
07 Jul 2012 12:37 PM
"incredibly stupid"
"biggest piece of trash"
"Libertarian wackjobs"
" call you an idiot instead."

Are all conservatives as mean and hostile as you?

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pokelover980 is not online. pokelover980
Joined: 12 Jun 2009
Total Posts: 4141
07 Jul 2012 01:38 PM
"Are all conservatives as mean and hostile as you?"

I'm not a conservative, I'm the exact opposite. Probably as far left as you can get without being an anarchist (because despite popular belief, anarchism is a leftist movement, but people usually associate the wrong things with anarchism). I just hate libertarians with a burning passion because they have probably the most idiotic ideas on the planet. But I shall say that most conservatives are as mean and hostile as I'm being, because they just are. The only thing I agree with them on is that libertarians are dumb. Even conservatives aren't willing to go that far right on the political compass, which is hilarious because libertarianism is supposed to be south and independent of left/right. Libertarians in American politics are the most incorrectly named political party. They don't want less government, they want less federal government. They're all for the states completely controlling your life because, "it's within the constitution."

I feel like I'm arguing with /r/libertarian and /r/ronpaul right now! What's next, you're going to call me a corporate media shill who is part of the NWO just arguing with you because I love reptilian overlords and hate Freedom(TM) and Liberty(TM)? Because that's often what I see people fall back to. But anyways, since I feel compelled to now, here's some arguments to the rest of your earlier post:

"Near impossible isn't impossible, therefore the term 'anonymous' doesn't fit. Maybe psuedoanonymous? When you're dealing with illegal matters such as drug trafficking, hacking, etc. you want to remain anonymous as possible, and sometimes pseudoanonymous isn't good enough."

Oh, I would say that anonymous does indeed fit it. No one will spend the immense amounts of time it would take to track those people down, so while theoretically it is not impossible to track them down, in reality no one will. That's anonymous enough for them.

"I do not appreciate being branded as a fish. I hate seafood."

Ah, but you're so indistinguishable from a fish!

"Just because you think a currency is terrible doesn't mean it's not ahead of its time or an innovative idea. Bitcoin is the first currency to be digital. Bitcoin is the first decentralized p2p currency to gain mainstream attention. Bitcoin is the first in a lot of things, and I'm sure you know that."

Actually, it was not the first decentralized digital currency. Ripple has it beat by 5 years. It never gained much attention, but it still beat Bitcoin in terms of innovation.

"If you have people making livings off of Bitcoin, does that make it a currency? If you have people investing large amounts of time and resources into getting Bitcoin, does that make it a currency? If you have websites and startup firms that revolve around Bitcoin, does that make it a currency? If you have people offering services and goods for Bitcoin, does that make it a currency? Maybe."

You make the assumption that people make a living off of Bitcoin. I've never heard of anyone who only uses Bitcoin as his/her main or only source of income, it's just ridiculous. It's too unstable for that. As for the people investing large amounts of time and resources into getting Bitcoin, most of the time it's a waste. Mining takes a long time to create a return of profits because people constantly buy new hardware for it and run up their electricity bills running their mining rigs. The websites and startup firms that revolve around Bitcoin aren't really going anywhere, it isn't hard to see that there have been none successful so far. People offer services and goods for Bitcoins, sure, but then they go and exchange those for their local fiat currency so that they can get anything of actual value to them. You can't buy your groceries conveniently with Bitcoins, can you? You also can't make the argument that "this is how all currencies start off" here, because it's not. The US dollar was relatively successful as soon as the constitution regulated it (well, regulate is too broad of a term here. It denied states the ability to mint the Continental currency, which failed horribly due to hyperinflation from the war. When the Constitution gave Congress the ability to coin money, Congress created the US Mint under the Coinage Act and the US dollar was made official. It wasn't made the sole currency until 1863, but it was largely in use by that time).

"This prompts me to ask again: "if Bitcoin isn't a currency, what is it?" because I don't like your answer of "a virtual way of bartering." Bartering is the exchange of goods with money, and you're saying that one of the goods itself is Bitcoin. Now, this doesn't really seem like something I can argue or make a case against; I think you either believe Bitcoin is a currency or you don't. All I say is you can't seriously go have a long, hard, good look at Mt Gox and seriously say to my face that Bitcoin is just a way of bartering."

I don't recognize Mt Gox as much as a currency exchange as a way to buy and sell your Bitcoins. I differentiate between currency exchange and buying/selling currencies by the way it's handled. If you're using some service that allows people to trade their currencies with each other and the service just acts as an intermediary, you're buying/selling currency. If you're using a bank or a local organization to exchange your currency for another, I'd consider that a currency exchange because you're usually not attempting to do it to make a profit (which people often do with things like Mt Gox. Exchange your USD for BTC at a low rate, then exchange back at a high rate), you're doing it to exchange your currency for another at current estimated exchange rates (whereas on a service like Mt Gox, the estimated exchange rate often means little to people and they just set their own exchange rate. I think. Wait no that's not Mt Gox, that's another service I'm thinking of, but Mt Gox is still similar). This is a terrible argument, but I don't know how I'm supposed to argue this point.

"So basically you're a disappointed enthusiast who had a sour experience with Bitcoins."

That's how critics are formed, isn't it? They get hyped up about something, have a bad experience, and then they go and research why it was a bad experience so they can properly criticize it without going "OLOL IT SUCKS THE END." As you can see, I'm not just going "OLOL IT SUCKS THE END," or I wouldn't still be arguing here with you.

"lol"

Lol indeed, good sir.
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NecroBumpist is not online. NecroBumpist
Joined: 12 Sep 2010
Total Posts: 4198
07 Jul 2012 02:11 PM
Posting in a wackjob thread.

I am going to make a bitcoin account today, because a friend of mine will be paying me soon ( ≖‿≖)
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