Foxx Posted April 6, 2017 Share Posted April 6, 2017 do you know what BitCoin is? Btc is a digital currency. there are many but Btc was really the first and as such it is the gold standard for all other crypto-currencies. today's valuation is right around $1200 per coin. myself, i got into it back when they were $5 a piece.i have bought, sold and given away hundreds in an effort to get peeps involved in it. today, i am in the mining aspect of it. i am just curious if we have any others here who are into it. Quote Link to comment Share on other sites More sharing options...
BUFFALOKIE Posted April 6, 2017 Share Posted April 6, 2017 How much cash will you give me for my bitcoin? Quote Link to comment Share on other sites More sharing options...
Foxx Posted April 6, 2017 Author Share Posted April 6, 2017 How much cash will you give me for my bitcoin? if you have to ask, i think your phishing. Quote Link to comment Share on other sites More sharing options...
Foxx Posted April 6, 2017 Author Share Posted April 6, 2017 Dumb idea. Cash is king. is it dumb? it is inevitable so it might be wise to get to know something or another about it. Quote Link to comment Share on other sites More sharing options...
BUFFALOKIE Posted April 6, 2017 Share Posted April 6, 2017 if you have to ask, i think your phishing. Not phishing. If you can't answer the question, then my bitcoin is worthless to me. Quote Link to comment Share on other sites More sharing options...
stevestojan Posted April 6, 2017 Share Posted April 6, 2017 (edited) I've read a lot about bit coin. A LOT. And I still have absolutely no clue how it works. The mining piece is what I truly don't understand. Explain it to me like I'm a 5 year old and I'd be in your debt. Edited April 6, 2017 by stevestojan Quote Link to comment Share on other sites More sharing options...
Miyagi-Do Karate Posted April 6, 2017 Share Posted April 6, 2017 I've read a lot about bit coin. A LOT. And I still have absolutely no clue how it works. The mining piece is what I truly don't understand. Explain it to me like I'm a 5 year old and I'd be in your debt. Yeah, I always thought they were virtual. You mine these things? 1 Quote Link to comment Share on other sites More sharing options...
Augie Posted April 6, 2017 Share Posted April 6, 2017 Honest question: WHY? Quote Link to comment Share on other sites More sharing options...
dhg Posted April 6, 2017 Share Posted April 6, 2017 I have never understood how these things work, but I know that hackers that use ransomware want to get paid in bitcoins to remove the virus because it cant be traced. Quote Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted April 6, 2017 Share Posted April 6, 2017 I've read a lot about bit coin. A LOT. And I still have absolutely no clue how it works. The mining piece is what I truly don't understand. Explain it to me like I'm a 5 year old and I'd be in your debt. I suppose it like hard currency, revolves around a supply, confidence/trust, and working for it. If only we had a tool to use: https://www.bitcoinmining.com Oh... I forgot to add the most important element: Time. "All in time, but the clock is another demon that devours our time in Eden, in our Paradise." Quote Link to comment Share on other sites More sharing options...
Beef Jerky Posted April 6, 2017 Share Posted April 6, 2017 Bitcoins is for buying drugs, weapons, hacking payments, assassination payments, hitmen get paid in bitcoins. Quote Link to comment Share on other sites More sharing options...
sodbuster Posted April 6, 2017 Share Posted April 6, 2017 If you think BTC isn't worth anything because it "isn't real", I have bad news about your USD. 1 1 Quote Link to comment Share on other sites More sharing options...
4merper4mer Posted April 7, 2017 Share Posted April 7, 2017 Yeah, I always thought they were virtual. You mine these things? Can you get the black lung if you mine too much? 1 Quote Link to comment Share on other sites More sharing options...
BUFFALOKIE Posted April 7, 2017 Share Posted April 7, 2017 (edited) If you think BTC isn't worth anything because it "isn't real", I have bad news about your USD.I'll ask for the third time, what will YOU give ME for my big fat shiney bitcoin? I'll take anything you want to trade.(I wont pay shipping though) If I offer you enough bit coins will you come fix my fence? Edited April 7, 2017 by BUFFALOKIE Quote Link to comment Share on other sites More sharing options...
row_33 Posted April 7, 2017 Share Posted April 7, 2017 A few former colleagues got into it, one is a major spokesman for the product. It never interested me. Quote Link to comment Share on other sites More sharing options...
sodbuster Posted April 7, 2017 Share Posted April 7, 2017 I'll ask for the third time, what will YOU give ME for my big fat shiney bitcoin? I'll take anything you want to trade.(I wont pay shipping though) If I offer you enough bit coins will you come fix my fence? I feel like you're trying to say that it's not worth anything, but the exchanges that are paying over a 1,100 USD per BTC and the hundreds of thousands of BTC based transactions daily prove otherwise. Quote Link to comment Share on other sites More sharing options...
4merper4mer Posted April 7, 2017 Share Posted April 7, 2017 I feel like you're trying to say that it's not worth anything, but the exchanges that are paying over a 1,100 USD per BTC and the hundreds of thousands of BTC based transactions daily prove otherwise. How many years of mining net one Bitcoin? Quote Link to comment Share on other sites More sharing options...
BUFFALOKIE Posted April 7, 2017 Share Posted April 7, 2017 I feel like you're trying to say that it's not worth anything, but the exchanges that are paying over a 1,100 USD per BTC and the hundreds of thousands of BTC based transactions daily prove otherwise. I am definately saying that bitcoin is worth nothing to me. If it is worth something to you, I will sell you my bitcoin for $5.00. If you can get 1100 USD for it, more power to yah. I will PM you my address. Bitcoins is for buying drugs, weapons, hacking payments, assassination payments, hitmen get paid in bitcoins. What do I get for 10 bit coins? N E Ting You Wan. Me love you long time. Quote Link to comment Share on other sites More sharing options...
Augie Posted April 7, 2017 Share Posted April 7, 2017 Again, why does this exist? Quote Link to comment Share on other sites More sharing options...
row_33 Posted April 7, 2017 Share Posted April 7, 2017 It exists because a certain element of economists and IT people seriously distrust the government and $$ system. They aren't kooks either. Quote Link to comment Share on other sites More sharing options...
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