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What's your take on this whole bitcoin thing?

#1HELZEROPosted 1/29/2014 6:27:36 PM
Future disaster or hey free money!!!
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#2pwnater777Posted 1/29/2014 6:30:35 PM
The hell even is it? I mean, it can send you to space via Virgin and that Branson guy, but I don't really know much else about it.
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#3CELTEKKPosted 1/29/2014 6:33:07 PM
its going down now that the feds realized people are laundering money to silk road.
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#4AltmadragonPosted 1/29/2014 6:36:31 PM(edited)
CELTEKK posted...
its going down now that the feds realized people are laundering money to silk road.


yea ok...

Like all illegal things in the world everyone will quit doing it because that one guy got caught.
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#5CELTEKKPosted 1/29/2014 6:38:25 PM(edited)
Altmadragon posted...
CELTEKK posted...
its going down now that the feds realized people are laundering money to silk road.


yea ok...

Like all illegal things in the world everyone will quit doing it because that one guy got caught.


uh... ok?

http://www.huffingtonpost.com/2014/01/27/bitcoin-ceo-arrest_n_4674148.html

edit: oh you added that second part in there.
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#6ThePCElitistPosted 1/29/2014 6:37:44 PM
CELTEKK posted...
its going down now that the feds realized people are laundering money to silk road.


While they're at it they should confiscate all the money in the US because every bill has traces of cocaine on them.

http://www.cnn.com/2009/HEALTH/08/14/cocaine.traces.money/
#7CELTEKKPosted 1/29/2014 6:39:06 PM
ThePCElitist posted...
CELTEKK posted...
its going down now that the feds realized people are laundering money to silk road.


While they're at it they should confiscate all the money in the US because every bill has traces of cocaine on them.

http://www.cnn.com/2009/HEALTH/08/14/cocaine.traces.money/


wouldn't know, I typically don't touch cash.
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#8Cool_Dude667Posted 1/29/2014 6:39:26 PM
Fad.
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#9BogePosted 1/29/2014 6:41:35 PM
I think it's a dangerous thing. It's a risk to get involved. I also hate it because I didn't cash in with it. It's one of those things that if you did the right thing at the right time, you're set. I didn't. I wish it would die so I could forget about it.
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#10DV8ingSourcesPosted 1/29/2014 6:43:53 PM(edited)
I think its irresponsible these days. Not cryptocurrencies as a whole but bitcoins specifically. The amount of electricity needed to earn anything is a ginormous waste of resources when using non specialized hardware (like a gpu). Also the economic value of the currency is much too volatile for me to consider it anything more than a gamble.
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