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Last post Author Topic: Does anyone here use Bitcoins?  (Read 317074 times)

Stoic Joker

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Re: Does anyone here use Bitcoins?
« Reply #975 on: March 08, 2018, 07:15 AM »
Interesting...

https://www.engadget...ocurrency-investors/

So... The government wants to "protect us" from the very thing that is supposed to protect us from the (fiat currency) government. o_O

Deozaan

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Re: Does anyone here use Bitcoins?
« Reply #976 on: March 08, 2018, 07:57 PM »
Interesting...

https://www.engadget...ocurrency-investors/

So... The government wants to "protect us" from the very thing that is supposed to protect us from the (fiat currency) government. o_O

Yeah, I don't get it. The SEC is saying "buyer beware," which is a basic tenet of cryptocurrency. Crypto puts the responsibility and ownership back in your own hands. But I guess this non-news is useful for people who have no idea what cryptocurrency is or how it works, and are just jumping on the bandwagon because they keep hearing about how much Bitcoin (and others) keeps going up.

wraith808

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Re: Does anyone here use Bitcoins?
« Reply #977 on: March 09, 2018, 01:03 AM »
Interesting...

https://www.engadget...ocurrency-investors/

So... The government wants to "protect us" from the very thing that is supposed to protect us from the (fiat currency) government. o_O

Yeah, I don't get it. The SEC is saying "buyer beware," which is a basic tenet of cryptocurrency. Crypto puts the responsibility and ownership back in your own hands. But I guess this non-news is useful for people who have no idea what cryptocurrency is or how it works, and are just jumping on the bandwagon because they keep hearing about how much Bitcoin (and others) keeps going up.

Well, I didn't know if it was a scare tactic, a note that they couldn't regulate it, or a prelude to them trying to regulate it, based on "consumers losing money".

Arizona Hot

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Re: Does anyone here use Bitcoins?
« Reply #978 on: March 11, 2018, 12:08 AM »

Deozaan

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Re: Does anyone here use Bitcoins?
« Reply #979 on: March 11, 2018, 11:47 PM »
Well, I didn't know if it was a scare tactic, a note that they couldn't regulate it, or a prelude to them trying to regulate it, based on "consumers losing money".

I dunno. I just think it's a common sense statement. There's not really anything else the SEC can do, due to the uncensorable nature of cryptocurrencies. Even if they try to regulate cryptocurrencies, it kind of can't be done. If someone is determined to buy or sell crypto, there's nothing a law or regulation can do to prevent that or even make it especially difficult for someone to do.

A lot of people are used to being able to appeal to their banks or governments to recover funds in case of fraud. So I suppose it makes sense for an organization whose purpose (or one of their purposes) is to protect people from being scammed financially to say "watch out about cryptocurrencies, because we can't do anything about them." That is, if you lose all your money in a cryptocurrency scam, there's no way for any government authority to seize the crypto and return it (if the scammer has properly safeguarded their private key(s) and refuses to cooperate). Having organizations who can help protect/prevent/recover funds and regulations over things like this is definitely a convenience, but it comes at the cost of not truly owning your money. That is, it requires you to give up some of your freedoms over your money. The same bank/government that can help you recover your defrauded funds can also freeze your account(s), seize all your money, refuse to allow you to send money to people they don't like, not allow you to send/receive money because it's 3 AM or a weekend/holiday, etc.

Crypto grants you a lot of freedom over your own money, but it also comes at a cost of much greater personal responsibility to safeguard it and not be so careless with it. But I'm sure I'm preaching to the choir here. :)

wraith808

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Re: Does anyone here use Bitcoins?
« Reply #980 on: March 12, 2018, 08:17 AM »
I dunno. I just think it's a common sense statement. There's not really anything else the SEC can do, due to the uncensorable nature of cryptocurrencies. Even if they try to regulate cryptocurrencies, it kind of can't be done. If someone is determined to buy or sell crypto, there's nothing a law or regulation can do to prevent that or even make it especially difficult for someone to do.

We know that.  They don't.  They think they can regulate anything.  Especially if enough FUD is generated.  And using their simple tactics of very minimal power, it's likely they could brute force it.

Relevant:


Mark0

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Re: Does anyone here use Bitcoins?
« Reply #981 on: March 12, 2018, 08:31 AM »
 ;D

Crypto currencies: everything you don't understand about money, combined with everything you don't understand about computers!
-John Oliver


mouser

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Re: Does anyone here use Bitcoins?
« Reply #982 on: March 12, 2018, 08:37 AM »
 ;D ;D ;D
Great video.
« Last Edit: March 12, 2018, 08:52 AM by mouser »

wraith808

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Re: Does anyone here use Bitcoins?
« Reply #983 on: March 14, 2018, 10:27 AM »
No Ads for Bitcoin: Google joins Facebook in banning them.

https://www.engadget...tocurrency-ads-june/

Arizona Hot

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Re: Does anyone here use Bitcoins?
« Reply #984 on: March 24, 2018, 07:35 AM »
Artist Hides Secret Code to $10,000 Worth of Cryptocurrencies in Lego Artworks.jpgDoes anyone here use Bitcoins?

Artist Hides Secret Code to $10,000 Worth of Cryptocurrencies in Lego Artworks

Art with intrinsic value?


Arizona Hot

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tomos

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Re: Does anyone here use Bitcoins?
« Reply #986 on: August 14, 2018, 06:28 AM »
Bitcoin is still a total disaster

comes across as a very snarky article (presumably by someone who is a fan of the status-quo), yet may have some valid points. I dont know enough myself to say.
Tom

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Re: Does anyone here use Bitcoins?
« Reply #987 on: August 14, 2018, 10:45 AM »
Bitcoin is still a total disaster

comes across as a very snarky article (presumably by someone who is a fan of the status-quo), yet may have some valid points. I dont know enough myself to say.


When this thread started, Bitcoin was $12.40.

So, not sure I take the WP seriously when it continually cries about the end of Bitcoin.
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wraith808

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Re: Does anyone here use Bitcoins?
« Reply #988 on: August 14, 2018, 04:45 PM »
So, not sure I take the WP seriously when it continually cries about the end of Bitcoin.

Exactly.  They decry stability in a currency, but Bitcoin at this point is more like a well-performing stock at the beginning stages.