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Forum - What are Bitcoins? And Are They a Threat to the Monetary System?

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Agent MattPosted: May 25, 2011 - 10:13
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Genuine American Monster

Level: 70
CS Original
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CyborgJesusPosted: May 25, 2011 - 10:29
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Level: 6
CS Original

BITCOINS ARE NOT THE MOVEMENT

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CyborgJesusPosted: Jun 11, 2011 - 17:52
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Let's watch CJ burn some money time:
Feeling a bit daring, I'm buying a grand worth when the course stabilizes.

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EricPosted: Jun 11, 2011 - 20:54
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Oooh baby, baby, baby, baby, ... EEE baby, baby, baby.

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It's deflationary as hell because less and less people use it, but it's still being used by underworldly-types to launder money.

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CyborgJesusPosted: Jun 11, 2011 - 21:30
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I don't know how complex the algorithm is, otherwise I'd invest more.

edit: TZM misrepresenting Bitcoin, Federal Reserve and a few other things: http://www.thezeitgeistmovement.com/joomla/index.php?option=com_kunena&func=view&catid=5&id=342088&Itemid=100114&lang=en

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CyborgJesusPosted: Jun 12, 2011 - 13:57
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Although my gamble was meant to be a long-term thing, I just sold for a 50%ish ROI. The profit could pay VTV's expenses for a month, or buy me a new suit. Difficult decision!

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