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(Guardian)   Bitcoin representatives patiently explain to the US government that math is hard   (theguardian.com) divider line 9
    More: Followup, digital currency, tax collectors  
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2863 clicks; posted to Politics » on 27 Aug 2013 at 8:26 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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View Voting Results: Smartest and Funniest

2013-08-27 08:42:37 AM  
5 votes:
Bitcoin is the future. My fellow Herbalife distributors are all heavily invested and my instructors at Trump University had nothing but good things to say about it.
2013-08-27 08:36:43 AM  
4 votes:

Leader O'Cola: Pretty sure everyone involved already understands how Ponzi schemes work.


But it's backed by math!

RAND PAUL
2013-08-27 11:43:43 AM  
1 votes:

Muta: Wendy's Chili: most of the people treating it like an investment have no idea what they're doing.

I transferred my 401K to bitcoins.  Who'll be laughing in the post-apocalyptic society?


Me. I transferred all my savings to bottle caps.
2013-08-27 10:54:00 AM  
1 votes:

Crotchrocket Slim: d23: Why would I make another comment?  Everyone else here is so much smarter than I am... heh.

A great way to tell if something is important is to see who it's pissing off.

Well when you leave gems like this static filled post:

d23: warning: don't expect intelligent discussion on this topic on Fark.

Some subjects, yeah, but this is way too complex and there are too many assholes that just want to scream "PONZI!?!?!11" and go away.

... expect not to have an intelligent discussion. If all you've presented is flimsily rationalized pessimism and should someone engage you on what issues they might have with Bitcoins and all you do is get huffy or offer even more flimsy rationalizations (as what I've seen from BTC supporters on Fark about this) why the hell talk to you?

You want intelligent discussion, do your part and bring some intelligent discussion into here. If the whole world is full of crazy people to you, maybe it's you who is not sane.


This is the buttcoin way. He's acting pretty much like a bitcoin forums professional. Any time somebody calls out a blatantly obvious scam they're shouted down with "FUD (Fear, Uncertainty, Doubt)!!!!" and that this FUD prevents them from investing their wife's 401K or their life savings into an obvious ponzi scheme. There is no rational discussion on the bitcoin forums. One thread called out Butterfly Labs as an obvious scam only to get regulated to the "German Language" part of the forum. It was a rational OP asking reasonable questions to the shiatbags at BFL.

The guy who runs the bitcoin forums has taken in thousands in donations to "upgrade" yet has never did a thing to the forums. Ever.

The professional buttcoiner's response to all this is exactly what we're seeing with Mr. d23. Call everybody else crazy and revel in their perpetual smugness. I find it hilarious and not altogether out of the mainstream for buttcoin.

Any peer to peer currency will have to overcome the hurdle of it's user base in order to become widely accepted.

Hey, d23, do you go to a restaurant and tip the server in bitcoins? Because that's a very popular way of being a douchbag on the forums. Imagine this: you're 21 year old women working at a Applebees as you're going to school. Not only does the creepy guy in the fedora clumsily hit on you but he leaves you a piece of paper with a long string of numbers and letters on it, along with instructions on how to set up a wallet.dat on your school laptop. You do so, why not, but this was a pretty shiatty tip. Even shiattier when you find out the guy only tipped you $0.78 in bitcoins.
2013-08-27 10:14:36 AM  
1 votes:

Crotchrocket Slim: Get back to me when Phoenix University puts out a study on how the Bitcoin is doing against the Yen and I'm buying a fleet of ASICS rigs!


My new Bitcoin mint:
runningshoes6.webs.com

/cheap joke


Muta: I transferred my 401K to bitcoins.  Who'll be laughing in the post-apocalyptic society?

Exactly. Just wait until all the computers are destroyed in the EMP. None of you will have access to your bank accounts, and my bitcoins will be there to make me ruler over the remnants of humanity!

/Baldrick-approved plan
2013-08-27 10:02:00 AM  
1 votes:

Crotchrocket Slim: Get back to me when Phoenix University puts out a study on how the Bitcoin is doing against the Yen and I'm buying a fleet of ASICS rigs!
/not ever touching Bitcoins as an investment, that's stupid if it's also currency especially with currency whose value is as historically volatile as Bitcoins


You don't "invest" in Bitcoins.  You use them to buy heroin and anti-aircraft missiles and sex slaves.  And the dealers hedge their bitcoin transfers to account for the volatility while your goods are in transit.  So you can see why the government would want to get in on the action.
2013-08-27 09:35:24 AM  
1 votes:

Wendy's Chili: most of the people treating it like an investment have no idea what they're doing.


I transferred my 401K to bitcoins.  Who'll be laughing in the post-apocalyptic society?
2013-08-27 08:48:35 AM  
1 votes:

Wendy's Chili: Bitcoin is the future. My fellow Herbalife distributors are all heavily invested and my instructors at Trump University had nothing but good things to say about it.


Get back to me when Phoenix University puts out a study on how the Bitcoin is doing against the Yen and I'm buying a fleet of ASICS rigs!
/not ever touching Bitcoins as an investment, that's stupid if it's also currency especially with currency whose value is as historically volatile as Bitcoins
2013-08-27 08:42:05 AM  
1 votes:
The whole idea of a bunch of Bitcoin guys sitting down and explaining economics to the government is just absolutely hilarious to me.
 
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