Bitcoin

[FlatTopPete]

The Bitcoin Bros are awful quiet these days. Bitcoin is currently flirting with sub $20k. It was over $60k not long ago. What a wreck.

 

[NDwalleyes]

It's a marathon not a sprint. I got in at $250.

 

[Allen]

Good heavens, I am personally hoping you bought a hundred coins, or more!

 

[Maddog]

This is my total investment in digital coins.... (big spender LOL) It was at $46K

 

[Wall-eyes]

This is my total investment in digital coins.... (big spender LOL) It was at $46K

Holy shit thought I was poker player you win, hope made money

- - - Updated - - -

Question did I not see you are supposed to volunteer your profits on tax form this or was I dreaming?

 

[Captain Ahab]

The blockchain technology has merit. The universal currency thing has merit. It's just really hard to know what the value of all that equals. I guess we will see in the coming years. Crypto regulation takes a lot of the appeal away from shady money folks. They are the ones that got the thing really rolling in the first place. The regulators should have been more proactive earlier, IMO.

 

[KDM]

Do Grain elevators take bitcoin? How about farmers markets? Ranchers? Hog producers? Gas stations? Grocery Stores? Cenex? Credit Unions? I'm thinking not. I could be wrong. However, until these folks routinely take bitcoin for their grain, vegetables, beef, pork, or other food wares, I'll stick with cash. I know I can buy from all of these using cash. Carry On!!

 

[Skeeter]

Bitcoin is someone’s pipe dream. When I can buy lumber, gas, and food with it then I’ll accept it. I til them it’s like fairy dust.

 

[shorthairsrus]

Bitcoin is someone’s pipe dream. When I can buy lumber, gas, and food with it then I’ll accept it. I til them it’s like fairy dust.

???? Every Home Depot accepts it. Deys ya lumber 4 ya. Whole foods and gas stations exist yes in nd to.

you need to quit using off and get bit

 

[ndlongshot]

shady money folks.

Call me slim...

taxation is theft.

we used to fight wars over this kind of stuff. taxation without representation. IRS can get bent.

 

[riverview]

turn it into cash or gold then tell me about it

 

[Captain Ahab]

Call me slim...

taxation is theft.

we used to fight wars over this kind of stuff. taxation without representation. IRS can get bent.

I’m talking drugs, illicit trade and stuff like that more than anything.

 

[Phill Latio]

turn it into cash or gold then tell me about it

https://www.jmbullion.com/1-oz-argor-heraeus-kinebar-gold-bar/

notice the payment options?

 

[eyexer]

Better cash it all in now. Not gonna be worth shit in the not too distant future. The government will see to it. Massive regulations are on the way. No way are the DC scum going to allow anybody to control the currency except them

 

[Sum1]

Crypto is dead. Sadly the days of people having extra play money in their pockets is gone. That was the only
reason crypto had such a good push. The crash is really a sign of how crappy things are getting. People need their money to buy things now. Unless you listen to Biden, then everything is great with the economy. We’ve been so blessed to have this man in office. BIDEN 2024!!!

 

[Maddog]

Thinking blessed isn't quite the right word. Or the word I was thinking of.

"BIDEN 2024"
And beyond ....
If they could only clone him!!!!
We could have this superior leadership forever.
Sort of like an all day sucker.

His legacy will last forever.
This one they can't erase from the history books.
Curious, will the libtards have a monument made?
@watson

You never answered the question

Are you still proud of YOUR President?
And to think we still have 2 more years.

You are right Sum1, we are blessed, we are just too ignorant to realize it.
Just think how bad it could be if he wasn't there . . .

 

[riverview]

https://www.jmbullion.com/1-oz-argor-heraeus-kinebar-gold-bar/

notice the payment options?

So (you) have turned bit coin into cash or gold??

 

[Allen]

Someone correct me if I'm wrong here, but aren't the transactions for bitcoin handled by the miners of bitcoin?

And then more importantly, doesn't bitcoin have a maximum number of coins that can ever be mined already built into the code?

My point being, at some point in time (and maybe we are already there), there will be no coins left to mine, or at least it will get to the point where it's not profitable. At that point the system seems designed to fail as there will be no miners left to oversee the transactions.

What am I missing here that would allow this to go unfettered in the future, even without government regulation?

 

[Achucker]

Only thing your missing is that it's all made up and the largest ponzy scheme in existence. Lol

 

[NDwalleyes]

We are getting closer to all of the coins being in "circulation" but not there yet. We miners "audit" the transactions in the blockchain. We are currently paid by our share of the bitcoin reward for solving the block. We in a sense introduce new bitcoin to the system. When all of the coins are in circulation, we will continue to mine, but will be paid by the small transaction fees.

Someone correct me if I'm wrong here, but aren't the transactions for bitcoin handled by the miners of bitcoin?

And then more importantly, doesn't bitcoin have a maximum number of coins that can ever be mined already built into the code?

My point being, at some point in time (and maybe we are already there), there will be no coins left to mine, or at least it will get to the point where it's not profitable. At that point the system seems designed to fail as there will be no miners left to oversee the transactions.

What am I missing here that would allow this to go unfettered in the future, even without government regulation?