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(BBC)   Man to sell his house for Bitcoins, only to lose it all after deleting the wrong file on his computer   (bbc.co.uk) divider line 14
    More: Fail, Canadian Man, transfer fee, global network, Canadians  
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11077 clicks; posted to Main » on 21 Mar 2013 at 6:41 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
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Archived thread
2013-03-21 06:49:12 AM
3 votes:
That was an article about a guy trying to bring popularity to virtual money.  I didn't see the part where he lost anything at all.

//Headline fail.
2013-03-21 06:49:13 AM
2 votes:
Oh, and large purchases should never be done with untracable funds.... ever.
2013-03-21 08:10:41 AM
1 votes:

Kraln: Dadoody: Some people criticize gold bugs for holding metal instead of widely accepted Fiat currency.

At least they hold onto a rare metal that can be bartered with. Bitcoins are less than central bank issued currency. You might as well stuff your pockets with monopoly money.

Gold is not rare and cannot buy you food. Neither are precious gems, or anything else. If the Fiat currencies fail, you'll be bartering with your labor, or your knowledge, or your warm, squishy bits.


Dude, we'd all have to till the fields. The only knowledge worth its weight in gold is how to produce food.
2013-03-21 08:10:34 AM
1 votes:

Dadoody: Some people criticize gold bugs for holding metal instead of widely accepted Fiat currency.

At least they hold onto a rare metal that can be bartered with.


Gold is not far away from being a fiat currency itself.  It may exist in finite amounts, but it still has no intrinsic value other than what we assign it.
The only currency that has "real" value is bartering with actual goods, but good luck running an economy on that.
There are a lot of good reasons to use a fiat currency, and it is no less legitimate than precious metals.
2013-03-21 07:45:04 AM
1 votes:
Some people criticize gold bugs for holding metal instead of widely accepted Fiat currency.

At least they hold onto a rare metal that can be bartered with.


I can't eat gold. It won't fit into my gas tank, and I can't screw it either. What is it about gold that gives it some sort of magic power that fiat currency doesn't have? If everybody stopped caring about the metal gold beyond its ability as an excellent conductor of electricity, its value would drop pretty fast, too.
Fiat currency is valuable because it's a scare resource people assign an arbitrary value to. Gold is valuable because it's a scare resource people assign a arbitrary value to.
If you really want to go hardcore, get rid of gold and currency and start trading in liters of gasoline, or in goats. That makes more sense than gold.
2013-03-21 07:36:38 AM
1 votes:
his project is a 2 decade long meth binge, sponsored by Silk Road, and FARK
2013-03-21 07:36:31 AM
1 votes:

Dadoody: Some people criticize gold bugs for holding metal instead of widely accepted Fiat currency.

At least they hold onto a rare metal that can be bartered with. Bitcoins are less than central bank issued currency. You might as well stuff your pockets with monopoly money.


Gold is not rare and cannot buy you food. Neither are precious gems, or anything else. If the Fiat currencies fail, you'll be bartering with your labor, or your knowledge, or your warm, squishy bits.
2013-03-21 07:04:45 AM
1 votes:
I thought bitcoins were just a generic term for any virtual currency. Gold in MMOs are 'bitcoins' for example, or Sony's Stationbucks, or Microsoft Points for things on XBOX Live.

I also didn't expect them to be worth £37 each.

Live and something, I guess.
2013-03-21 07:01:13 AM
1 votes:
I'm as upset with the banking industry as the next guy, but sometimes they do provide a useful service. Little things, like tracability, insured deposits, financial security...

What kind of project is this guy trying to hide that he needs ~$400,000 in bitcoins?

/Walter White approves.
2013-03-21 07:00:00 AM
1 votes:
Some people criticize gold bugs for holding metal instead of widely accepted Fiat currency.

At least they hold onto a rare metal that can be bartered with. Bitcoins are less than central bank issued currency. You might as well stuff your pockets with monopoly money.
2013-03-21 06:47:46 AM
1 votes:
This guy is clearly unaware of the danger that exists along the path from his bitcoin wallet through the bitcoin exchange and into a real bank account.

Real banks have these policies for a reason, and it isnt always just to squeeze some interest out of your funds.
2013-03-21 06:47:27 AM
1 votes:
Bitcoins are now a widely used alternative payments system

Widely? Really? LOL.
2013-03-21 06:45:32 AM
1 votes:
I call shenigans.
2013-03-21 06:44:18 AM
1 votes:
citysarah.files.wordpress.com
 
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