China "bans" bitcoins
- Thread starter tylerrrrr
- Start date
rory420420
Well-Known Member
Wonder if china wants to donate the unused coins to me?
rory420420
Well-Known Member
It will be its own demise in my world..drugs are legal in that world..I don't think bitcoins would survive long without the drug market..(also,in my world,liquid lsd flows from the sink faucet..lol)
racerboy71
bud bootlegger
Idk Rory.. I'd have thought that the bitcoins would have tanked after silk road got busted, but in fact the opposite has happened and the btc skyrocketed ..
If you'd of asked me before sr's demise I would whole heartedly agree with you, but to me it seems like the btc is here to stay, at least for the short term, imvho of.course..
CCCmints
Well-Known Member
i think they're hear to say. the concept is now of interest to many different people aside from those who just wish to purchase drugs online. with time the volatility will decrease imo. for now it's just a wild roller coaster ride and some people are brave enough to hop on..i'm not one of those people. i don't even like real roller coasters lOl
racerboy71
bud bootlegger
And I forgot to ask, but how can you ban something that's intangible like the btc ??
It's not like something g you can go.to.all stores and tell them they can no longer sell btc's..
Just wondering ..
It's not like something g you can go.to.all stores and tell them they can no longer sell btc's..
Just wondering ..
Red1966
Well-Known Member
Mostly for illegal purposes. Eventually, the government will shut it down.
rory420420
Well-Known Member
They didn't ban them,just the banks and payment centers.so its a round about way of banning them,least that's how I read the article..
racerboy71
bud bootlegger
Ahh.. kk.. gotcha..
rory420420
Well-Known Member
If they payed more than the current value,yes..
Impman
Well-Known Member
maybe...but some people piss diamonds.... sounds like a forum for the 1%
Stimpy and Ren
Well-Known Member
Is there a currency that is viable?
Nope. Paper money is fake and a lie. Federal Reserve Bank controls everything and does what they want with the fake money. Gold and Silver are finite resources and you might as well be using clams like the flinstones.
How is bitcoin any less viable? The dollar was designed to fail and will do so in the future. And you're saying bitcoin is too volatile?
The only real currency is pussy, mother fucker. Its always been and always will. Steaming hot, dripping pussy.
EDIT: Or is pussy too volatile for you?
rory420420
Well-Known Member
Wow..now that's volatile....
rory420420
Well-Known Member
Pretty sure ducks had a few eggs laid in the basket(hint hint wink wink..)..lol
GreenSummit
Active Member
here's what the conspiracy theorists think about bitcoin, we'll see if they are right: [video=youtube;PfeA94BedQI]http://www.youtube.com/watch?v=PfeA94BedQI&feature=c4-overview&list=UUEHsSWvrGVSIA63OV3J6vhA[/video]
I see many easy workarounds to the blockchain size issue. As far as regulation goes... The only negative possibility is that governments clamp down on exchanges making it hard to convert bitcoins back to cash.
Volitility is not an issue unless you can't easily convert back and forth to a currency. My solution. When you're not using your bitcoins you convert them to one of the electronic gold backed currencies. Anyway, the volitility will settle down when the news stops fucking talking about this shit and gets bored with it.
What we really need to be focusing on here is how to make the online drug vending more secure. This will probably require that these sites use a third party escrow service that can't have the coins stolen or seized. There are obvious issues with give some dude named Pirate your bitcoins to hang on to.
Volitility is not an issue unless you can't easily convert back and forth to a currency. My solution. When you're not using your bitcoins you convert them to one of the electronic gold backed currencies. Anyway, the volitility will settle down when the news stops fucking talking about this shit and gets bored with it.
What we really need to be focusing on here is how to make the online drug vending more secure. This will probably require that these sites use a third party escrow service that can't have the coins stolen or seized. There are obvious issues with give some dude named Pirate your bitcoins to hang on to.
helendouglas
New Member
Youre a funny man rory420420! You wish that China will give all those Bitcoins to you? I wish you goodluck! But seriously, I think China is just afraid that Bitcoin could be their biggest rival in town. It was stated in BitcoinDaily that Bitcoin popularity and usage is very high. So, it is expected to generate more miners and users sooner or later.