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View Poll Results: Do You Pay For Things With Bitcoins?
Yes 1 6.25%
No 14 87.50%
I Had No Clue What They Were Until Now 1 6.25%
Voters: 16. You may not vote on this poll

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Old 07-03-2014, 09:09 PM
 
Location: Rochester, NY
1,129 posts, read 1,351,846 times
Reputation: 392

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Quote:
Originally Posted by Sigequinox View Post
Yeah, that's the thing with making money is you have to take risk. This could be the next thing in currency or just another fad like the 17th century Tulip craze. During that, tulip prices skyrocketed and then the bubble burst and the tulips were just stupid useless flowers with no inherent value. At 600 a coin I definitely cannot afford to buy them and I am not computer savvy enough to "mine" them. I guess I'll be passing on this one.
You can always build a machine (this goes to anyone reading it)...

Building a machine is easier done than said.

It is like Legos you used to build with your kid, just much less pieces and you have to be a little more gentler.

For a good $750-$800 system, pick out an i5-4690 (4690K if overclocking), the R9 280Xs have been cheap lately, a case with good airflow (Corsair 200R), a Z97 if overclocking, H97 if not, a hard drive (1TB) and a smaller (like 250GB) SSD (such as the Crucial MX100), 8GB of DDR3-1600 RAM, and a 600-650W Power Supply.

Remember, it is easier done than said..
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Old 07-03-2014, 09:47 PM
 
Location: CT
2,122 posts, read 2,422,155 times
Reputation: 1675
Quote:
Originally Posted by Lalalally View Post
Or more recently, the .com craze =) normal everyday people flipped the hell out and mindlessly (and equally) flocked to .coms 15 years ago, as they did to beautiful flowers during the Dutch Golden Age 400 years ago! And Both in the end fell flat on their stomachs.

People = silly/stupid some times. And my somewhat experienced gut urges me to ignore and stay the hell away from bit coins! LOL!
Lol yeah. I personally know someone who got rich from the .com boom in the 90s. Still lives off that money today. He took a gamble that the internet would be the "next big thing" and started purchasing domain names--hiking.com,hiker.com, wendys.com, XXX.com, calculator.com etc etc. Some of those domain names sold for tens of thousands a piece even back then. Obviously by now there are no good ones left and all the premium domains are worth a small fortune. grarrr.

I think your right about Bitcoin though. There is not enough "real" assets behind it to stabilize it long term. Even our crappy USD is stable FWIW. Sure, it's a fiat currency as well, but it's tangentially backed by our economy through infrastructure, people, investments, business, national and international policies, blah blah blah. Bit coin has none of that as a foundation. If I was one of these people sitting on a stash of a 10 thousand bit coin, I wouldn't get too greedy. 600/coin is unbelievable...=600k. Take it and run before the bubble explodes!
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