Current Events > Bitcoin has no real value

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Intro2Logic 11/29/17 11:34:23 PM #1:	Now, if you'll excuse me, I'm going to purchase a $20 million painting. --- Have you tried thinking rationally? <cite>Intro2Logic posted [p:891309085] in Bitcoin ha... [t:76045605]...</cite> <quote>Now, if you'll excuse me, I'm going to purchase a $20 million painting.</quote> ... Copied to Clipboard!
AlternativeFAQS 11/29/17 11:38:11 PM #2:	i c wut u doin <cite>AlternativeFAQS posted [p:891309259] in Bitcoin ha... [t:76045605]...</cite> <quote>i c wut u doin</quote> ... Copied to Clipboard!
CiIantro 11/29/17 11:40:35 PM #3:	Stupid topic. A painting has tangible value. Bitcoin is an idea and nothing more. <cite>CiIantro posted [p:891309373] in Bitcoin ha... [t:76045605]...</cite> <quote>Stupid topic. A painting has tangible value. Bitcoin is an idea and nothing more.</quote> ... Copied to Clipboard!
AlternativeFAQS 11/29/17 11:41:58 PM #4:	CiIantro posted... Stupid topic. A painting has tangible value. Bitcoin is an idea and nothing more. no it doesnt. a painting is worth whatever someone will pay <cite>AlternativeFAQS posted [p:891309428] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>CiIantro posted...</cite> <quote>Stupid topic. A painting has tangible value. Bitcoin is an idea and nothing more.</quote> no it doesnt. a painting is worth whatever someone will pay</quote> ... Copied to Clipboard!
Link HT 11/29/17 11:42:41 PM #5:	CiIantro posted... A painting has tangible value hahaha no. They're used to launder money constantly because they have no set value. --- http://i.imgur.com/Tx1FX.jpg <cite>Link HT posted [p:891309471] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>CiIantro posted...</cite> <quote> A painting has tangible value</quote> hahaha no. They're used to launder money constantly because they have no set value.</quote> ... Copied to Clipboard!
CiIantro 11/29/17 11:44:23 PM #6:	AlternativeFAQS posted... CiIantro posted... Stupid topic. A painting has tangible value. Bitcoin is an idea and nothing more. no it doesnt. a painting is worth whatever someone will pay Link HT posted... CiIantro posted... A painting has tangible value hahaha no. They're used to launder money constantly because they have no set value. There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint. <cite>CiIantro posted [p:891309536] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>AlternativeFAQS posted...</cite> <quote><cite>CiIantro posted...</cite> <quote>Stupid topic. A painting has tangible value. Bitcoin is an idea and nothing more.</quote> no it doesnt. a painting is worth whatever someone will pay</quote> <cite>Link HT posted...</cite> <quote><cite>CiIantro posted...</cite> <quote> A painting has tangible value</quote> hahaha no. They're used to launder money constantly because they have no set value.</quote> There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint.</quote> ... Copied to Clipboard!
Drasilor 11/29/17 11:46:20 PM #7:	CiIantro posted... There is tangible value in the materials. My poop is material.....I sell it for $1,000,000 --- #mypresidentistrump <cite>Drasilor posted [p:891309633] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>CiIantro posted...</cite> <quote> There is tangible value in the materials. </quote> My poop is material.....I sell it for $1,000,000</quote> ... Copied to Clipboard!
CiIantro 11/29/17 11:47:32 PM #8:	Drasilor posted... CiIantro posted... There is tangible value in the materials. My poop is material.....I sell it for $1,000,000 Your shit is worth more than bitcoin. It can be used as fertilizer. <cite>CiIantro posted [p:891309677] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>Drasilor posted...</cite> <quote><cite>CiIantro posted...</cite> <quote> There is tangible value in the materials. </quote> My poop is material.....I sell it for $1,000,000</quote> Your shit is worth more than bitcoin. It can be used as fertilizer.</quote> ... Copied to Clipboard!
Mal_Fet 11/30/17 12:11:45 AM #9:	CiIantro posted... There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint Do you know what fiat money is --- Freedom is the right to tell people what they do not want to hear. -George Orwell <cite>Mal_Fet posted [p:891310745] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>CiIantro posted...</cite> <quote>There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint</quote> Do you know what fiat money is</quote> ... Copied to Clipboard!
Xelltrix 11/30/17 12:15:10 AM #10:	CiIantro posted... There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint. Someone needs to read up. --- Reading this post may induce one or more of the following: Nausea / Butt-Hurt / Lulz / UM? Syndrome / Angst / Diarrhea <cite>Xelltrix posted [p:891310902] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>CiIantro posted...</cite> <quote> There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint.</quote> Someone needs to read up.</quote> ... Copied to Clipboard!
SapphireOfChaos 11/30/17 12:16:57 AM #11:	Try telling that to MagicDonut. --- 3DS: 1590-4884-9269 \| Switch: SW-3337-1639-7884 Discord link: https://discord.gg/hDQ6rWb \| The more you learn, the less you know, maaan... <cite>SapphireOfChaos posted [p:891310979] in Bitcoin ha... [t:76045605]...</cite> <quote>Try telling that to MagicDonut.</quote> ... Copied to Clipboard!
Master Kazuya 11/30/17 12:19:03 AM #12:	Stupid topic, but for a different reason. Money is a means to have experiences you want. Someone buying a painting for that much, while the price is absurd, is worth the experience of having it to them. Just money by itself serves no purpose. I like money because I can use it in exchange for things I want/need. Money itself is worthless to me otherwise. --- itt my post is the best <cite>Master Kazuya posted [p:891311053] in Bitcoin ha... [t:76045605]...</cite> <quote>Stupid topic, but for a different reason. Money is a means to have experiences you want. Someone buying a painting for that much, while the price is absurd, is worth the experience of having it to them. Just money by itself serves no purpose. I like money because I can use it in exchange for things I want/need. Money itself is worthless to me otherwise.</quote> ... Copied to Clipboard!
Medussa 11/30/17 12:20:41 AM #13:	almost no currency in 2017 has any real value. that doesn't mean they can't have value. --- Boom! That's right, this is all happening! You cannot change the channel now! Act now! Venchmen are standing by for your orders! <cite>Medussa posted [p:891311105] in Bitcoin ha... [t:76045605]...</cite> <quote>almost no currency in 2017 has any real value. that doesn't mean they can't have value.</quote> ... Copied to Clipboard!
Solid Snake07 11/30/17 12:21:20 AM #14:	Anything in this world only has as much value as someone is willing to give it --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:891311129] in Bitcoin ha... [t:76045605]...</cite> <quote>Anything in this world only has as much value as someone is willing to give it</quote> ... Copied to Clipboard!
Crazyman93 11/30/17 12:21:29 AM #15:	Mal_Fet posted... CiIantro posted... There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint Do you know what fiat money is The Government backs a fiat currency. Nothing backs bitcoin. --- let's lubricate friction material! ~nickels, Cars & Trucks <cite>Crazyman93 posted [p:891311134] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>Mal_Fet posted...</cite> <quote><cite>CiIantro posted...</cite> <quote>There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint</quote> Do you know what fiat money is</quote> The Government backs a fiat currency. Nothing backs bitcoin.</quote> ... Copied to Clipboard!
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Manocheese 11/30/17 12:28:02 AM #17:	Crazyman93 posted... Mal_Fet posted... CiIantro posted... There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint Do you know what fiat money is The Government backs a fiat currency. Nothing backs bitcoin. Wrong. The dollar isn't backed by anything. And even when it was backed by gold, what was gold backed by? Nothing. --- ()_() Hardcore - We'll probably be modded for this... (o.o) http://manocheese.googlepages.com/manocheesery <cite>Manocheese posted [p:891311369] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>Crazyman93 posted...</cite> <quote><cite>Mal_Fet posted...</cite> <quote><cite>CiIantro posted...</cite> <quote>There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint</quote> Do you know what fiat money is</quote> The Government backs a fiat currency. Nothing backs bitcoin.</quote> Wrong. The dollar isn't backed by anything. And even when it was backed by gold, what was gold backed by? Nothing.</quote> ... Copied to Clipboard!
Drasilor 11/30/17 11:16:26 AM #18:	Crazyman93 posted... Mal_Fet posted... CiIantro posted... There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint Do you know what fiat money is The Government backs a fiat currency. Nothing backs bitcoin. imagine believing this. --- #mypresidentistrump <cite>Drasilor posted [p:891330216] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>Crazyman93 posted...</cite> <quote><cite>Mal_Fet posted...</cite> <quote><cite>CiIantro posted...</cite> <quote>There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint</quote> Do you know what fiat money is</quote> The Government backs a fiat currency. Nothing backs bitcoin.</quote> imagine believing this.</quote> ... Copied to Clipboard!
Crazyman93 11/30/17 11:38:43 AM #19:	Manocheese posted... Crazyman93 posted... Mal_Fet posted... CiIantro posted... There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint Do you know what fiat money is The Government backs a fiat currency. Nothing backs bitcoin. Wrong. The dollar isn't backed by anything. And even when it was backed by gold, what was gold backed by? Nothing. The US Government says that US Dollar is worth what it's worth. Bitcoin has nothing. And gold has never not been valuable. First it was a rare pretty rock, now it's got a bunch of other uses. It's patently obvious that people who don't understand basic economics are jumping on the Bitcoin hypetrain however. --- let's lubricate friction material! ~nickels, Cars & Trucks <cite>Crazyman93 posted [p:891331403] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>Manocheese posted...</cite> <quote><cite>Crazyman93 posted...</cite> <quote><cite>Mal_Fet posted...</cite> <quote><cite>CiIantro posted...</cite> <quote>There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint</quote> Do you know what fiat money is</quote> The Government backs a fiat currency. Nothing backs bitcoin.</quote> Wrong. The dollar isn't backed by anything. And even when it was backed by gold, what was gold backed by? Nothing.</quote> The US Government says that US Dollar is worth what it's worth. Bitcoin has nothing. And gold has never not been valuable. First it was a rare pretty rock, now it's got a bunch of other uses. It's patently obvious that people who don't understand basic economics are jumping on the Bitcoin hypetrain however.</quote> ... Copied to Clipboard!
KILBOTz 11/30/17 11:44:52 AM #20:	US currency is based on the good faith and credit of the US government. That does have value. They created a market and are the currency of the market. bitcoin is a Ponzi scheme. --- http://i.imgur.com/O3syCWD.gif http://i.imgur.com/k3YiBdG.gif <cite>KILBOTz posted [p:891331752] in Bitcoin ha... [t:76045605]...</cite> <quote>US currency is based on the good faith and credit of the US government. That does have value. They created a market and are the currency of the market. bitcoin is a Ponzi scheme.</quote> ... Copied to Clipboard!
Drasilor 11/30/17 12:10:49 PM #21:	KILBOTz posted... US currency is based on the good faith and credit of the US government. That does have value. They created a market and are the currency of the market. bitcoin is a Ponzi scheme. It's like people dont know how the federal reserve works...... --- #mypresidentistrump <cite>Drasilor posted [p:891333225] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>KILBOTz posted...</cite> <quote>US currency is based on the good faith and credit of the US government. That does have value. They created a market and are the currency of the market. bitcoin is a Ponzi scheme.</quote> It's like people dont know how the federal reserve works......</quote> ... Copied to Clipboard!
clearaflagrantj 11/30/17 12:15:44 PM #22:	Banks: "Whoops we gambled and lost, can we have free money please?" US Government: "You sure can buddy!" prints $2 trillion out of thin air <cite>clearaflagrantj posted [p:891333497] in Bitcoin ha... [t:76045605]...</cite> <quote>Banks: "Whoops we gambled and lost, can we have free money please?" US Government: "You sure can buddy!" prints $2 trillion out of thin air</quote> ... Copied to Clipboard!
Turtlebread 11/30/17 12:22:28 PM #23:	I was on a flight back to australia today and the woman in front of me was on her phone messaging her family about transferring bitcoin it's coming into the mainstream --- http://i.imgur.com/yCW15Zn.jpg <cite>Turtlebread posted [p:891333878] in Bitcoin ha... [t:76045605]...</cite> <quote>I was on a flight back to australia today and the woman in front of me was on her phone messaging her family about transferring bitcoin it's coming into the mainstream</quote> ... Copied to Clipboard!
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prettyprincess 11/30/17 12:24:48 PM #25:	how low do you expect the 3 major coins to fall @clearaflagrantj --- And in an infinite regress, tell me, why is the pain of birth lighter borne than the pain of death? <cite>prettyprincess posted [p:891334020] in Bitcoin ha... [t:76045605]...</cite> <quote>how low do you expect the 3 major coins to fall @clearaflagrantj</quote> ... Copied to Clipboard!
Anarchy_Juiblex 11/30/17 12:25:04 PM #26:	CiIantro posted... There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint. The energy required to mine bitcoins didn't come from nowhere, there is intrinsic value there. It's not like a bank about where they can just theoretically add digits to your account, bitcoins usefulness come from their limited availability as a product of the math behind them and the massive work it takes to product them. --- "Tolerance of intolerance is cowardice." ~ Ayaan Hirsi Ali <cite>Anarchy_Juiblex posted [p:891334036] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>CiIantro posted...</cite> <quote>There is tangible value in the materials. Bitcoin is immaterial and worthless from a literal standpoint.</quote> The energy required to mine bitcoins didn't come from nowhere, there is intrinsic value there. It's not like a bank about where they can just theoretically add digits to your account, bitcoins usefulness come from their limited availability as a product of the math behind them and the massive work it takes to product them.</quote> ... Copied to Clipboard!
KILBOTz 11/30/17 12:29:13 PM #27:	that's a sunk cost, not tangible value. --- http://i.imgur.com/O3syCWD.gif http://i.imgur.com/k3YiBdG.gif <cite>KILBOTz posted [p:891334236] in Bitcoin ha... [t:76045605]...</cite> <quote>that's a sunk cost, not tangible value.</quote> ... Copied to Clipboard!
Tmaster148 11/30/17 12:35:35 PM #28:	clearaflagrantj posted... Banks: "Whoops we gambled and lost, can we have free money please?" US Government: "You sure can buddy!" prints $2 trillion out of thin air The US government can't just print $2 trillion without devaluing the currency. This would be devastating to the economy. See Germany pre-WWII. --- http://i.imgur.com/BBcZDLJ.png <cite>Tmaster148 posted [p:891334559] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote>Banks: "Whoops we gambled and lost, can we have free money please?" US Government: "You sure can buddy!" prints $2 trillion out of thin air</quote> The US government can't just print $2 trillion without devaluing the currency. This would be devastating to the economy. See Germany pre-WWII.</quote> ... Copied to Clipboard!
clearaflagrantj 11/30/17 1:05:15 PM #29:	Tmaster148 posted... clearaflagrantj posted... Banks: "Whoops we gambled and lost, can we have free money please?" US Government: "You sure can buddy!" prints $2 trillion out of thin air The US government can't just print $2 trillion without devaluing the currency. This would be devastating to the economy. See Germany pre-WWII. Except that's exactly what happened in 2009 prettyprincess posted... how low do you expect the 3 major coins to fall @clearaflagrantj The lowest I see is somewhere around: Btc: 7800 Eth: 315 LTC: 55 <cite>clearaflagrantj posted [p:891336452] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>Tmaster148 posted...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote>Banks: "Whoops we gambled and lost, can we have free money please?" US Government: "You sure can buddy!" prints $2 trillion out of thin air</quote> The US government can't just print $2 trillion without devaluing the currency. This would be devastating to the economy. See Germany pre-WWII.</quote> Except that's exactly what happened in 2009 <cite>prettyprincess posted...</cite> <quote>how low do you expect the 3 major coins to fall @clearaflagrantj</quote> The lowest I see is somewhere around: Btc: 7800 Eth: 315 LTC: 55</quote> ... Copied to Clipboard!
I Like Toast 11/30/17 1:08:25 PM #30:	clearaflagrantj posted... Except that's exactly what happened in 2009 Except no, that was your tax dollars and the government selling debt --- If you do things right, people won't be sure you've done anything at all <cite>I Like Toast posted [p:891336653] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote> Except that's exactly what happened in 2009</quote> Except no, that was your tax dollars and the government selling debt</quote> ... Copied to Clipboard!
Manocheese 11/30/17 7:31:31 PM #31:	Crazyman93 posted... Manocheese posted... Crazyman93 posted... The Government backs a fiat currency. Nothing backs bitcoin. Wrong. The dollar isn't backed by anything. And even when it was backed by gold, what was gold backed by? Nothing. The US Government says that US Dollar is worth what it's worth. And what does the government say it's worth? One US dollar. Just like the Zimbabwe government said "one Zimbabwe dollar is worth one Zimbabwe dollar." Look how that turned out. A currency is only worth what people are willing to trade for it. --- ()_() Hardcore - We'll probably be modded for this... (o.o) http://manocheese.googlepages.com/manocheesery <cite>Manocheese posted [p:891359359] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>Crazyman93 posted...</cite> <quote><cite>Manocheese posted...</cite> <quote><cite>Crazyman93 posted...</cite> <quote>The Government backs a fiat currency. Nothing backs bitcoin.</quote> Wrong. The dollar isn't backed by anything. And even when it was backed by gold, what was gold backed by? Nothing.</quote> The US Government says that US Dollar is worth what it's worth.</quote> And what does the government say it's worth? One US dollar. Just like the Zimbabwe government said "one Zimbabwe dollar is worth one Zimbabwe dollar." Look how that turned out. A currency is only worth what people are willing to trade for it.</quote> ... Copied to Clipboard!
Crazyman93 11/30/17 11:58:51 PM #32:	Turtlebread posted... I was on a flight back to australia today and the woman in front of me was on her phone messaging her family about transferring bitcoin it's coming into the mainstream So does that mean CE is going to finally shut up about it or do I have to see a flood of topics about how much it sucks now? --- let's lubricate friction material! ~nickels, Cars & Trucks <cite>Crazyman93 posted [p:891373605] in Bitcoin ha... [t:76045605]...</cite> <quote><cite>Turtlebread posted...</cite> <quote>I was on a flight back to australia today and the woman in front of me was on her phone messaging her family about transferring bitcoin it's coming into the mainstream</quote> So does that mean CE is going to finally shut up about it or do I have to see a flood of topics about how much it sucks now?</quote> ... Copied to Clipboard!
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Current Events > Bitcoin has no real value (+) Yeah! (+)

Current Events > Bitcoin has no real value