Author Topic: Does anyone here use Bitcoins? (Read 598341 times)

Arizona Hot · « **on:** September 30, 2012, 11:07 PM »

Here is an article on the subject.

Passing The BitCoin.jpg

mouser · « **Reply #1 on:** September 30, 2012, 11:17 PM »

Can you give us the website url where the pdf originally came from?

Renegade · « **Reply #2 on:** September 30, 2012, 11:50 PM »

Looks like here:

http://blog.malwareb...passing-the-bitcoin/

Arizona Hot · « **Reply #3 on:** October 01, 2012, 10:11 AM »

Looks like here:

http://blog.malwareb...passing-the-bitcoin/
-Renegade (September 30, 2012, 11:50 PM)

Right. I just didn't think anyone would want it.

wraith808 · « **Reply #4 on:** October 01, 2012, 10:57 AM »

Right. I just didn't think anyone would want it.
-Arizona Hot (October 01, 2012, 10:11 AM)

Most people usually like to see context for stuff like this.

zridling · « **Reply #5 on:** October 01, 2012, 11:14 PM »

At least with Bitcoin, there's no inflation and no government can manipulate its value.

Renegade · « **Reply #6 on:** October 02, 2012, 12:00 AM »

At least with Bitcoin, there's no inflation and no government can manipulate its value.
-zridling (October 01, 2012, 11:14 PM)

Or privately owned central banks, which are the largest manipulators. I only wish that it were governments doing it...

Some very quick quotes from the horse's mouth about money

Cued link (for last bit):

http://www.youtube.c...yer_detailpage#t=85s

Those are just 3 drops in the ocean of earth-shattering statements. Well, earth-shattering when you know what they're actually saying.

(I could go on about that all day!

)

As for the article:

Combine the end goal of the BitCoin malware with the credit card scanning technology and BitInstant debit cards may very well become targets for literal “walk-by” card scans to steal account information and virtual money.

Kind of a moot point there. That ship sailed long ago.

Again, yet another case for 2-factor authentication (or n-factor).

Potential good uses for bitcoin

The article goes on about "illegal" stuff that bitcoin is used for. I think that's a good thing. Mind you, I say "illegal" as opposed to "criminal". Theft is criminal. Not allowing governments to steal from you is "illegal". Big difference.

It would be fantastic to see bitcoin used to help foster a thriving black market in things like food and consumer goods - with no tax.

Tax freedom day in Canada is June 11th. That's a tax rate of about 45%. Does this not strike anyone as completely insane? And every year it keeps growing... never stopping... 1 step back in a year only means next year sees 2 steps forward. If bitcoin could help people get around paying tax, that would be wonderful!

Is it immoral to stop someone from stealing from you?

f0dder · « **Reply #7 on:** October 02, 2012, 06:45 AM »

Is it immoral to stop someone from stealing from you?
-Renegade (October 02, 2012, 12:00 AM)

Is the financing of public healthcare, educational system and infrastructure "stealing"? :-)

The taxes in Denmark are a wee bit high, and I wish the whole system could be reformed - and on top of that I definitely don't like the greedy immoral bastards from the banks (and the rest of the financial sector). I don't think BitCoin is a good (part of) a solution - the combination of a global fixed maximum number of coins with the possibility of coins getting lost forever, and basing its entire safety in a cryptographic method that hasn't been super well peer reviewed and definitely hasn't stood the test of time? No thanks.

But it sure does seem like a handy way to pay for drugs, and a lovely thing if you're intending to steal other people's coins and/or whitewashing.

40hz · « **Reply #8 on:** October 02, 2012, 07:33 AM »

But it sure does seem like a handy way to pay for drugs, and a lovely thing if you're intending to steal other people's coins and/or whitewashing.
-f0dder (October 02, 2012, 06:45 AM)

+1! Right up there with the raw diamonds.

Why should only criminals and government sponsored black ops get to have all the fun?

Renegade · « **Reply #9 on:** October 02, 2012, 08:07 AM »

@f0dder - OT part

Since this is off-topic...

Is it immoral to stop someone from stealing from you?
-Renegade (October 02, 2012, 12:00 AM)
Is the financing of public healthcare, educational system and infrastructure "stealing"? :-)
-f0dder (October 02, 2012, 06:45 AM)

It's really boils down to one of those fundamental issues that that you either believe in, or say that you believe in but don't really. Freedom.

As a very simple example, take property tax... It's simply there. Period.

You are FORCED to pay it basically at then wrong end of a gun. This is how government works. They make physical threats and actually follow through on them with force. None of that is controversial or inaccurate.

However, in the case of property tax it is slavery. Period. There's not really much to debate on the topic there. Slavery is forced labour. Property tax forces you to participate in the economy in order to pay the tax. It forces your labour out of you. Again, nothing controversial. Well, unless someone thinks that slavery is ok, or things that it matters *how* someone is forced to work.

Property tax removes the option to not participate in the economy. This is a complete violation of a person's freedom.

Property tax is stealing, is theft, is forced labour, is slavery. It steals your labour. Is it theft of the fruits of your labour. It forces you to work (slavery) through threats of violence against you. (I would take it that kidnapping someone and forcibly confining them is violence.)

Property tax eliminates the freedom to simply be left alone.

Now, the typical retort is usually something about "who will provide water, electricity, roads, whatever." The answer is pretty simple... Does it really matter all that much who does it? And why not just get people to pay for their water, electricity, roads, whatever? There's more than 1 way to skin a cat.

The on-topic part:

The taxes in Denmark are a wee bit high, and I wish the whole system could be reformed - and on top of that I definitely don't like the greedy immoral bastards from the banks (and the rest of the financial sector). I don't think BitCoin is a good (part of) a solution - the combination of a global fixed maximum number of coins with the possibility of coins getting lost forever, and basing its entire safety in a cryptographic method that hasn't been super well peer reviewed and definitely hasn't stood the test of time? No thanks.

But it sure does seem like a handy way to pay for drugs, and a lovely thing if you're intending to steal other people's coins and/or whitewashing.
-f0dder (October 02, 2012, 06:45 AM)

Well, it's just a tool. If it tanks, oh well. If it succeeds, great!

But I think that you're being a bit pessimistic.

Imagine you want to go from A to B by bus/tram/subway/metro/whatever - public transportation. Also imagine that you're a political dissident. Well, given that everyone is a terrorist now (especially if you pay cash for coffee or have more than 7 days of food in the house), it's not much of a stretch for anyone.

Anyways, I digress... Back on topic...

But you don't really feel like having your every move tracked. You use the bus a few times a day, and carrying around a lot of change is simply heavy. Digital currency is lighter and more convenient. But if you use your bank card or credit card, well, you're being tracked.

Wouldn't it be nice to have the option to not be tracked?

Now, someone is going to jump in with the completely irrelevant objection, "But I can buy a bus card at the station with cash, so... blah blah blah."

Ok. Forget the bus. How about buying milk? Gas? Paying at toll booths? Perhaps you don't want to be tracked for how much technology you buy - computers, HDDs, cards, memory? Out of cash and out of pron?

Or perhaps you need to purchase something over $1,000 or so, and the store refuses to take cash for large purchases (this is becoming more popular), but you don't want your spouse to figure out what their birthday present is, which they would if they checked the accounts?

There are SOOOOOOOOOOOOOOOOOOOO many good reasons to use bitcoin legitimately!

Arizona Hot · « **Reply #10 on:** October 02, 2012, 11:59 AM »

Perhaps you don't want to be tracked for how much technology you buy - computers, HDDs, cards, memory? Out of cash and out of pron?
-Renegade (October 02, 2012, 08:07 AM)

Especially the pron!

40hz · « **Reply #11 on:** October 02, 2012, 12:07 PM »

Perhaps you don't want to be tracked for how much technology you buy - computers, HDDs, cards, memory? Out of cash and out of pron?
-Renegade (October 02, 2012, 08:07 AM)

Especially the pron!
-Arizona Hot (October 02, 2012, 11:59 AM)

Why not? You'll start getting all kinds of personal email from sexy (legal age!) Russian hotties who want to date you once you get pegged as a pr0n addict. They'll tell you exactly what they want to do with you. And as a plus, they speak pretty good English too!

I guess Russian ladies really get off on porn huh?

urlwolf · « **Reply #12 on:** October 02, 2012, 06:03 PM »

I own them, but do I use them? Nope

Renegade · « **Reply #13 on:** October 02, 2012, 10:17 PM »

I own them, but do I use them? Nope
-urlwolf (October 02, 2012, 06:03 PM)

Can't find any bitcoin pron, eh?

Tuxman · « **Reply #14 on:** October 03, 2012, 05:27 AM »

"Does anyone here use Bitcoins?"

I use them, but no one spends some to me. A pity, I really would love to buy drugs off the Silk Road.

Renegade · « **Reply #15 on:** October 04, 2012, 11:43 AM »

This might be interesting for some:

Bitcoin copper rounds.

BitCoin2012-obverse2-medium.png.png

Now, they are ornamental, and only for collectors. Also, if you are into purchasing metals as a way to store wealth, you have to be braindead to buy them - but that goes for pretty much all copper rounds, and not just those. (They are overpriced by a LOT! Silver or gold are much better buys, and particularly silver.)

Anyways, just thought it might be interesting for some people here. Gimmicky? Sure. Fun? Definitely!

f0dder · « **Reply #16 on:** October 04, 2012, 11:57 AM »

They look wicked cool - what's the link? I might get one even though I'm skeptic wrt. the whole scheme :-)

Renegade · « **Reply #17 on:** October 04, 2012, 12:16 PM »

They look wicked cool - what's the link? I might get one even though I'm skeptic wrt. the whole scheme :-)
-f0dder (October 04, 2012, 11:57 AM)

It's just a gimmick to sell copper at inflated prices. That's all. Copper rounds are insanely overpriced.

Copper: $3.7829 per pound
Rounds: $1.89 each (avoirdupois ounces) or $37.80 for 20 (avoirdupois ounces) => $30.24 per pound

zridling · « **Reply #18 on:** October 04, 2012, 01:59 PM »

Or privately owned central banks, which are the largest manipulators. I only wish that it were governments doing it...
-Renegade (October 02, 2012, 12:00 AM)

Ah, good point. It is the central banks that manipulate currencies, among other LIBOR things.

f0dder · « **Reply #19 on:** October 04, 2012, 02:33 PM »

They look wicked cool - what's the link? I might get one even though I'm skeptic wrt. the whole scheme :-)
-f0dder (October 04, 2012, 11:57 AM)
It's just a gimmick to sell copper at inflated prices. That's all. Copper rounds are insanely overpriced.
-Renegade (October 04, 2012, 12:16 PM)

It looks pretty.

Stoic Joker · « **Reply #20 on:** October 04, 2012, 03:12 PM »

They look wicked cool - what's the link? I might get one even though I'm skeptic wrt. the whole scheme :-)
-f0dder (October 04, 2012, 11:57 AM)
It's just a gimmick to sell copper at inflated prices. That's all. Copper rounds are insanely overpriced.
-Renegade (October 04, 2012, 12:16 PM)
It looks pretty.
-f0dder (October 04, 2012, 02:33 PM)

I'm with f0dder ...(damn the avoirdupois value)... Where can we go and get screwed out of $2 for one of these cool little trinkets.

tomos · « **Reply #21 on:** October 04, 2012, 03:33 PM »

They look wicked cool - what's the link? I might get one even though I'm skeptic wrt. the whole scheme :-)
-f0dder (October 04, 2012, 11:57 AM)

I'd love one of those - or two, frame them showing both sides.

I'll repeat: "where's the link?" (apparently there's been a few versions already released but I couldnt find these ones)

Renegade · « **Reply #22 on:** October 05, 2012, 01:07 AM »

I'm with f0dder ...(damn the avoirdupois value)... Where can we go and get screwed out of $2 for one of these cool little trinkets.
-Stoic Joker (October 04, 2012, 03:12 PM)

Heheh~! See below!

The metals dealers typically only sell in lots of 20 for copper rounds. But, there are some that sell singles. Mostly on eBay.

I'd love one of those - or two, frame them showing both sides.

I'll repeat: "where's the link?" (apparently there's been a few versions already released but I couldnt find these ones)
-tomos (October 04, 2012, 03:33 PM)

You can get them all over the place. Here are a few links:

http://www.ebay.com/...bitcoin+copper+round

The mint:
http://mjbmonetaryme...ls.co.uk/copper.html

http://copperrounds....s=1+Oz+Copper+Rounds
Goes to ==> http://www.ebay.com/...&vectorid=229466

http://www.preciousm...-1oz-roll-of-20.html

I have not purchased from any of those places, so I can't vouch for them, but they all seem ok.

Renegade · « **Reply #23 on:** October 05, 2012, 09:32 AM »

Quite by accident, I noticed another site accepting Bitcoins:

http://nevertakeaple...ow-accepts-bitcoins/

It's an activist site accepting donations, but still, it's 1 more. Out of the blue. (I really wasn't looking for anything Bitcoin related, but noticed it, and thought of this thread.)

f0dder · « **Reply #24 on:** October 05, 2012, 09:35 AM »

s an activist site accepting donations, but still, it's 1 more. Out of the blue. (I really wasn't looking for anything Bitcoin related, but noticed it, and thought of this thread.)
-Renegade (October 05, 2012, 09:32 AM)

Activist? You know what that's a synonym for, right? Yep, you're right! (

)