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Visualizing Bitcoin - The 'Encryption' Standard
What currency is feared by the European Central Bank as a threat to fiat monetary institutions? What currency is cash like but digitally transmittable allowing for ultimate anonymity and global mobility? What digital currency is up over 2,200% over the last year? The answer? Bitcoin. From mining, supply, demand, and security, Visual Capitalist's infographic covers it all.
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Dr Paul Krugman said:
Listening to economists is like listening to fortune tellers - they are not scientists.
We need a way to make jewelry out of bitcoins, then it could be a currency too.
Dr Krugman, your quote on the image made it sound that you were a lot less sketipcal than the silver bugs here on zh
HOLD THE FORT........Krugman just said something I agree with WTF?
Come on, you like bubbles.
Economic analysts analyze economics, Krugman doesn't.
You just don't understand, CH!
Some people stole bitcoins once, which proves that Bitcoin is bad at being money, just like when people stole gold once, it proved why gold is bad at being money.
(Seriously, where do these people come from? There are some actual, clear risks to the Bitcoin system, but on any story about Bitcoin, otherwise intelligent people come out of the woodwork to spout the most ignorant, illogical bullshit attacks on it that anyone with two brain cells who took 30 seconds to think about could see through. Stunning.)
Yeah, it's amazing to see. They don't want to know - they just have a need to attack what is new and different.
Ah well... so they are programmed.
programmed? funny that when we program computers, we program them with what we call logic, but when we program humans we tend to logical disconnects as programmed.
Here I was two years ago thinking that ZeroHedgers knew better than to invest their money on pretend things. Funny how we so seamlessly fall into old habits of believing in garbage.
"What currency is feared by the European Central Bank as a threat to fiat monetary institutions?"
Gold
and Silver...............................
...except they're not currencies, they're money.
...more like store of wealth than money itself
Money -
1) store of value/wealth...
2) standard unit of account....
3) *medium of exchange*....
all three must be exist without impariment...
disclaimer: all debt based currency need not apply....FUCK YOU BERNANKE...............
I wish, but they've had no problem keeping my beloved Au and Ag down. But don't worry bitcoin will break their monopoly.
It is quite ironic to see that Gold bugs attack bitcoint jerks here. But reality is that Gold and bitcoins share many features
and one can argue that bitcoins in some respects may have some advantages. It should be a wake up call for Gold bugs who believe that by hoarding Gold they accumulate "real value". In reality you accumulate slightly more than "precious sequences of zeros and ones" (that is what bitcoin jerks really have) and this slightly more is "an intinsic value" of gold determined by its use in jewelry and some industrial applications. There is very little beyond that which can be counted as Gold advantage in comparison with bitcoins as a medium of exchange. In some sense, one can argue that bitcoins is 21 century upgrade of relic called Gold.
The similarity beween Gold and bitcoins as a medium of exchange should drive home some simple reality: you can use both as a medium of exchange only as a matter of convenience and convention of some group of people. In this respect, bitcoins are not even tulips: they just a matter of convention of a group of people organized in a network.
Having said that, fiat money is also a matter of convention of a much larger and better organized group of people who can easily suppress bitcoin network if they decide to do so (as I mentioned in another post, it can be easily done by regulating the so called bitcoin exchangers).
It is quite naive to believe that bitcoins are free of abuse or can provide any security for people who wish to preserve the value of their assets. It is inconvenient as a medium of exchange and people speculating with them are subject to potential prosecution as tax evaders.
In other words, bitcoins is a total bullshit but so is to significant extentis Gold when used as a money.
defencev
Ok, I'll make it short, WHAT are all soverigns, and CB's buying?,(hint) not Bitcoins.
Now why is that?
why is that? probably to hedge against what they have been selling.... and we have more or less been buying.... they knew the product would fail. hell, they probably planned on it. but now they got a new kid on the block that is requiring some contigency measures. going to be interesting to see how this shakes out. sometimes i think crashing the exchange system once sufficient wealth has been horded is the game plan. thus making purchasing and trading difficult except for those with massive stockpiles and they will only trade amonst themselves...we peons would be cut out. now this ugly mechanism has reared it's head....
The difference is that when the electricity gets turned off, the gold still works.
If you don't hold it; you don't own it.
[How're those fiat deposits workin' out for ya, Cyprus?]
What currency just got hacked by a bunch of 9th graders?
None, of course... but you knew that.
Come on, by now you got to just find it funny.
I always get a kick out of seeing all the red everytime you try to argue with them. They don't want to know man.
I wonder if this is how people behaved in Jonestown.
Here on ZH people are either on the Bitcoin side or not. I'm done down arrowing about it. And I don't think anyone is swiching sides.
Go team gold and silver!
So Hegellian of you.
I think it would be wrong to assume there are any sides other than one's own. Particularly in this day and age.
We'd be sheepish to believe we're going to save the world with BTC, Gold, the Pope, Obamahah, or 60 CMO.
It's caused a larger schism in the community than anything else I can recall seeing in four years.
Lots of vested interests on both sides of the conversation.
a lot of speculators on both sides and a lot of potential to profit on both sides at the same time. btc and pm are not mutually exclusive ideas. i think they complement each other in different ways; and essentially, btc and pm are on the same side
Lots of vested interests on both sides of the conversation.
No. Almost every Bitcoin proponent also likes PMs.
What we have is a zero-sum mentality on display: BTC being good makes gold less good. (Which is bullshit.)
the contention, really, is that btc is taking the thunder from pm. and vice versa. thus, the animosity. i.e. the perception from gold bugs' point of view is that the capitalization of btc would serve better if it all poured into phyzz pm
I hope it keeps stealing the thunder.....pm going down is an opportunity to buy.....
Yeah, same feeling here. Until I can go buy my groceries with Bitcoin, I have no use for it. And while there's potential for all businesses to start accepting it in the future, I see complete economic and power grid failure happening first.
Team seeds and ammo here.
So, serving the status quo forever.
Good luck to ya.
Who says you can't buy groceries with bitcoins? Or seeds and ammo, for that matter?
i think if we ask questions and get clear simple answers, many of us may move towards bitcoins. but me like many others, i think, dont accept it, do to its hard to understand nature....i have posted a simple question below if anyone wants to further the conversation...
I am for both PMs and bitoins, actually. Why do you have to choose one?
I like The Beatles AND Elvis
My buddy couldn't choose between a blonde and a redhead, and got neither. I didn't choose and went for both. It was one of the best nights of my life. TRUE STORY. You'd better believe it!
We've got a winner ma, get the stuffed doll hook!
Both arguments are right. Hard assets and digitial assets that are non-centralized, anon, etc. are just butting heads but some people are tactile and some theoretical, some spiritual, philosophical; doesn't mean they aren't right for themselves. Central banking and fiat are the objects of their scorn and now BTCers know what hard asset proponents are up against; the biggest machine for control the world has ever known.
It's pretty obvious the people will decide.
Radix malorum est cupiditas
"greed is the root of evils"
They don't want to know man. I wonder if this is how people behaved in Jonestown.
Yeah, more or less.
It's too far into the mania stage for me. I'm going to cash out and trade all my Bitcoins for BBQcoins:
https://en.wikipedia.org/wiki/Digital_currency#List_of_digital_currencies
The beauty of digital currencies is that there are so many to choose from.
i think with as many times i have to piss during the night i will try ppcoins....
Nothing to worry, Fiat just gets hacked by it's own central banks.
i finally have a clearer understanding how it works.....all the miners are trying to solve a math problem....first one that does fills the block and earns the coin......is this correct?
@smlbizman
I read a source that estimated that the energy drain of all of the aggregate bitcoin mining effort right now is equivalent to the power output of one nuclear plant. Even if it were no more than the energy consummed by, say, a brick manufacturing plant, that would still be an obscene waste of resources. There are bitcoin alternatives that don't require mining.
Ithaca dollars
the things that float thru my mind with this is...first, i try to just think of it as "shares"...when i was in the stock market..i didnt have the certs. but i could buy and sell as i wanted...and transfer sales to another account for withdrawl....and in no way shape or thought did i think i was in a legit market and knew i was "safe"...so i can accept that if i put fiat in i may lose that fiat. that put aside....is the idea of bitcoin, to stay in the system and transfer for best results, or can i somewhat easily sell and if so were does that transaction get turned back into fiat if needed?
thanks for any info
@smlbizman
Bitcoin is a decentralized, peer-to-peer (P2P) transaction processing system. That is the best thing about bitcoin - the ability to transfer money between to "trusted" parties without a financial intermediary. That's a great win for personal freedom. We don't need no stinkin' banks! The problem is the speculating that arises in the exchange value of BTC (bitcoin units). Mtgox is the biggest clearinghouse/exchanger of BTC and it limits the amount and number of BTC transactions per day. Also, there are hugh overhead costs inherent in the BTC system, e.g. constant blockchain validation, mining costs. It takes hours to verify a bitcoin transaction. Frankly, there are other digital transaction processing systems (such as Ripple) that don't have many of the downsides of BTC.
Without mining an alternative is just another centralized issued and possibly controlled fiat currency (control over the total supply could be prevented, you could design something which was fixed supply by design even if centrally issued).
In reference to mining. What happens is the US gov turned all the computing power at Langley, NASA, DoD, etc into mining bitcoins for a couple of days/weeks, whatever it took to create all the remaing ones?
It doesn't work this way.
So "firepower" alone is not really helpful. And if you plan on using that firepower for only such a short time (days/weeks) you'll probably get far less BTC than you hope.
You must consider the time-factor. As a miner you absolutely have to mine all the time 24/7/365 to increase your chances,
This is equally important as the amount of CPU Power you bring into the system.
Time x Power
@Macro
And what about bitcoin's 51% attack problem? The BTC crowd is so close-minded to the disadvantages of bitcoin. There's also the problem that it is inherently deflationary. Deflation is just as bad as inflation. A currency that cannot grow with its population is inherenly deflationary. That is not good.
Cursive: " ... that would still be an obscene waste of resources."
How much energy is used, comparably, to mine gold? How is that less of a waste? How much energy is used for people to drive alone in a 3000-pound machine an hour each way to work, and how is that less of a waste?
In a very layman's terminology, yes. They, more importantly at this point, serve as verification nodes for all transactions that are broadcast. If you and I decide to trade bitcoins, that transaction has to be verified as legitimate before our wallets update that we've either gained or lost bitcoins. It could be a dozen, it could be 1000 different verifications occur for that transaction. When the next block of coins is released (the math problem gets solved) the transactions that have been verified as legitimate get added to the blockchain which every bitcoin wallet in the world now knows about.
If you went to your ATM machine and and a bunch of thugs were crowded around it preventing you from accessing your money, would you go tell your friends "Hey, I couldn't get any money because my bank got hacked into?"
Just askin'.
@May
Your thug analogy may work for mtgox, but not Instawallet. Mtgox suffered/is suffering a DDOS attack, but Instawallet "lost" it's depositors bitcoins and says it will only reimburse up to 50 BTC. If you had over 50 BTC with Instawallet, it's a wait-and-see Cyprus kind of thing.
If you went to your ATM machine and and a bunch of thugs were crowded around it preventing you from accessing your money, would you go tell your friends "Hey, I couldn't get any money because my bank got hacked into?"
Just askin'.
Since you asked, I would ask them to move along, IF they were through w/their transactions please.Any shit from them after that would be On their own heads,simple we do it different in Texas.
Yea? Hows that been working out for your DA's and other law enforcement officers there lately. You guys are getting shoved around by thugs just like the rest of the world.
ATM machine? Never used one. Honestly. I deposit my paycheck, take out cash that is spoken for, and am good to go. Seriously, but I'm 60 and set in my ways :)
Gold, Silver and Bitcoins. Hated by banksters worldwide.
http://bitcoinnewsblog.blogspot.ca/
That would be the US dollar for $500 please Jim.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&...
They didn't get hacked they got DDoS(ed), the system did not get breached only they got swamped by bogus requests
Imagine it like this, robbers try to enter you house but they can't so in their frustration they barricade your front door from the outside with a trash container so you can't get out and nobody can get in, but eventually rescue services arrive move the trash container away and it's business as usual again.
Oh right- thanks for that clarification, it's very reassuring.....
How about tomorrow night's "swamp"?
Uhhhhhh...........
+1 This is just getting started....
My wife works in IT, specifically Credit card fraud, they spend BILLIONS of dollars each year protecting their turf. Every single day Hackers find another clever way to walk right in and take what they want.
But hey, I'm sure Bitcoin will be immune to all this...
You Bitcoin people are delusional.
and BTC's "rescue services" are whom?
The cable guy.
Our database was fraudulently accessed
That is not a DDOS..............they were hacked
Bitcoin did not get hacked. A Bitcoin exchange got hit with DoS which simply slows down the site enough to scare people into a sell off so the hacker can buy Bitcoins at a lower price with their lunch money.
Calling people who do DOS attacks hackers is retarded and an insult to real hackers.
InstaWallet got hacked and their deposits taken. Seperate issue from MtGox DDoS.
http://www.businessinsider.com/instawallet-suspended-2013-4
Babe Ruth kept a cabbage leaf under his cap to keep cool.
Wearing cabbage will make anyone look cool.
This is just a start:
"Largest Dutch bank defaults on physical gold deliveries to customers"
http://www.examiner.com/article/largest-dutch-bank-defaults-on-physical-...
It announced it's intention to stop physical delivery before it happened ... also the market for physical gold for the moment is highly liquid and ABN/AMRO is not bankrupt, you can cash out and simply buy gold.
Hell if you have enough money you can buy GLD and take physical delivery.
Are you sure about GLD? I think only Sprott's offers physical redemption.
i assume by ninth graders you mean mit graduates that have no basis in reality and whose mere appointment to the positions they are in reflects heavily on the intelligence of the society
"What currency just got hacked by a bunch of 9th graders?"
You ain't justa whistling Dixie:
Bitcoin Hacked: Price Stumbleshttp://finance.yahoo.com/news/bitcoin-hacked-price-stumbles-buying-10384...
9th graders my arse, it was a bunch of kosher inbred relatives of Bernanke, Cui bono dumbasses.
Bachelors degrees required for cashier jobs at McDonalds! McDonald's want ad demands bachelor's degree, two years experience for cashier | WashingtonExaminer.com
How many Bitcoins does it take to get a Bachelors so I can make $7 at McDonalds ringin up fries and burgers? And can you buy burgers and fries with bitcoins?
They just want to filter out 90% of applications, so they only have to deal with 1,000 interviews instead of 10,000.
What's funny is that the registers at McD's don't even have words printed on them, you point at pictures of food, the same as the customers do it.
Bit coin is a currency valued, created by performing encryption? And this is suppose to be better than what? i think we can all do without a currency that has double digit rates of change every day.
How could you ever enter a contract using something like bitcoins? One party will always take a royal screwing.
Bit coin is a currency valued, created by performing encryption? And this is suppose to be better than what?
Better than the shit in your wallet that enslaves millions of people.
If that's not significant to you, I can't help.
I guess it's definitely better than 'JooCoins' at least....hell trading beads and shells would be better than this crap I guess.
Just being better that FRN's isn't enough to make a good currency.
Bitcoins are still way too far up on Exter's Pyramid for my taste. Good for transactions? Yes. Good as a 'store of value'? I don't think so...
funny how so many people can spend their days spending FRN's.
Bitcoins are still ultimately valued against the shit in my wallet. My advice, cashing out after a 2200% return is rarely a bad strategy. I may be a simple man, but all I see here are virtual beanie babies.
That's exactly how I think about it, beanie babies. Or basketball cards in the mid nineties. God I made a lot of money selling basketball cards then as a kid. They are worthless now.
I remember people that were planning on sending their children to college with beanie baby "investments". Bitcoins are fine for those that want to remove themselves from central banks, but it is still going to have a life cycle of a beanie baby.
interesting that you of all commentors here would bring this up
especially after your comment here http://www.zerohedge.com/news/2013-04-03/north-korea-says-it-has-final-a... and my response here http://www.zerohedge.com/news/2013-04-03/north-korea-says-it-has-final-a... imo, you're a dope if you think that an inanimate object such as frn "enslaves" people as opposed to the criminals who control the frn, the hofjuden
Bitcoin has 1 advantage over Fiat, it's nobodys liability there is no 3rd party and No Interest
Back in the 70s, the NSA used to brag that their computers were measured in acres. They don't call it the "Puzzle Palace" for nothing. Think about what that has evolved into 40 years later . . .
Give it a rest, Tyler! The Central Banks are champing at the bit for a digital currency (just as they were supplying free EFTPOS machines to retailers 30 years ago ... in order to keep as much cash as possible inside the [fractional reserve] banking system rather than "lying idle" -- ie. unleveraged -- inside your wallet for even those measly few hours between making a withdrawal and going shopping).
Bitcoin is just being used to iron out the kinks and to get the kiddies onside before they go mainstream....
can't resist a *wave*
Kisses back at'cha! I'm baaaack...
does that mean teh end iz nigh!!!?
=O *grins*
Who knows? As grandmother used to say: "A watched pot never boils"! Things only appear to happen quickly when reading history.
Where I live, there is no sign at all of any imminent collapse. They are all "in the Matrix" ... totally controlled by the selective messages and false dichotomies presented to them by their all-encompassing media. They are therefore totally oblivious to any alternate reality and are certainly not interested in any rational analysis of the unfolding chain of events, or any joining of the dots. I get my daily amusement through listening to the drones dutifully parroting the media talking points over tea breaks...and bite my tongue.
that's a good one, "Things only appear to happen quickly when reading history" - seriously missed you, i-cur ;-)
Missed you, too, Gorgeous ... but I'll take another shot.... ;-)
Jesus, if Krugman is liking these things...
I know, I know....
Now I gotta go back and reevaluate my whole life.
I can't believe people use the word "hacked" to describe an idiot task like a DDOS. Bitcoin value is holding aroudn $135 even with Instawallet really hacked, and Mt.Gox having a seizure. If we are in a bubble (we damn well could be and probably are), this would have been the time to see it. Confused why it didn't drop more.
http://bestbitcoinsites.wordpress.com
Probably because they only let throufgh a few buy/sell transactions a day.
Digital currency + Web = disaster
Hackers are going to feast on Bitcoin...
They already are...
It has been said before, but needs to be said again. Bitcoin is a great CURRENCY (like the dollar), but a piss poor STORE OF VALUE (like the dollar). Those are two different things, boys and girls.
Not true. We don't know if bitcoin is a store of value or not. It takes time to make that call. If we HAD to make that call now, we would have to say it has sensational store of value--but how realistic is that if its in a bubble or if its security is broken in 5 years?
Exactly, BC = speculation.
Exactly, the price isn't getting away from anyone using it properly if I understand correctly. If you can trust it long enough to hop the border and reconvert, it dramatically weakens capital controls as well.
So the more computing power you give, the more future bitcoins you receive for "free"?
Who has the most powerful computers in the world? I am nut sure. But what are the odds the US government is already "mining" Bitcoins?
It's kind of a moot point since there can only be 21 Million butt coins. No, what's scary about bitcoin is that these same government computers may someday be in a position to "fork" the bitcoin chain. That would be the end of bitcoin as we know it and the introdution of a stealth crypto fiat currency.
As I have explained before, the cost of forking the block chain is low enough that even an entity with less resources than our government could do it. Apple, Google, etc. already have enough computing power that they could fork the chain if they chose to.
But what are the odds the US government is already "mining" Bitcoins?
Probably not high - these guys are slow out of the gate.
And even if they did throw computers at it - Bitcoins can only be mined at a fixed rate.
@CH1 it's already been said, but govts can create a mining capacity greater than the current 40-50 THash/s of the bitcoin network. This represents a significant investment of computing resources, but certainly within the capability of a nation-state.
Possible,yes. Likely, no. It would only succeed briefly before it would become obvious what was going on. If there goal was merely to destroy it, it may work, but the amount of money it would take to do it isn't worth it right now. It would probably cost them in hardware and development as much as the entire market is worth right now just to destroy it. It would be easier and cheaper just to buy 100 million or so on the exchanges over time and then crash the value with a sell off.
no trucks this time?
Bitcoin ATMs coming soon..
http://money.cnn.com/2013/04/04/investing/bitcoin-atms/index.html
Bitcoin ATM Founder: We Already Have Orders From 30+ Countries
http://www.businessinsider.com/cyprus-bitcoin-atm-guy-responds-2013-4#ix...
bitcoinism is a great idea in a category 5 laboratory where the environment is completely controlled hence the constant stream of prop on "nodes" and blah blah blah but in the real "criminal" world in which it is NOW obvious to many that we all truly live in, Bitcoin will be cracked, hacked, fracked and finally whacked. If it already hasn't. BE vewy fucking skeptical
Gold, Silver, Bitcoin <ANAGRAM> Looting Devils' crib.
Nice one.
Debtor Voicing Ills
Q. Whay are Bitcoins like a Cyrpus ATM,?
A. Both are subject to random Denial of Service attacks
Can't believe you would bring up Cyprus. Millions of accounts - all robbed at once. And you think Bitcoin is dangerous?
The mind reels.
For the prepper types it is probably not a good alternative currency. A little hard to spend without electricity.
Bitcoin is just another "points" system, like every other such system. You buy points, called "bitcoins" in this case, and you spend them to get stuff. It's been around for ages. Anybody remember S&H green stamps? Anybody use loyalty programs? Anybody use Xbox or PSP? These systems are literally ubiquitous.
Except that there's no central authority creating those "points", nor a central place to cash them in for "prizes". There's no one to either inflate the market or shut it down. That's the key difference.
I think that remains to be seen.
Fair enough, although "shutting it down" would pretty much require breaking the encryption, and if someone can eventually do that, your USD bank accounts are going to be just as vulnerable. And even then, bitcoin could always switch to a harder encryption algo and then branch off the (very public) blockchain at a spot before the hack took place and be up and running again pretty quick.
In contrast, good luck untangling shady USD transfers in and out of MF Global.
There will be legal issues with resetting the blockchain at the spot before the hack took place. The blockchain downstream might contain legitimate blocks. The entity doing the resetting will be liable for those.
There is no central entity to sue, since bitcoin works on consensus. If everyone decides to fork the chain from point X, it happens.
Bitcoins are certainly more fungible than other points, and they are obviously designed to avoid central control, at least by governments. I think there is a central control, just less arbitrary than a government. But there are other risks there that are, perhaps, more pronounced than with governments. It will be an interesting experiment.
It's only a matter of time until you can get Bitcoin debt cards. We had someting similar in swiss callead
"WIR" just checks, Debt cards and digitally. Is wide spread among midclass and small businesses.
http://de.wikipedia.org/wiki/WIR_Bank
BitCoin is brilliant but I wouldn't jump in right now given the volatility! And what are the chances the NSA DOESN'T shut it down or make people lose faith by having systems "hacked" and bitcoin owners lose their bitcoins? I would rather own physical gold and check out my Gold Price Girl every day!!!
http://www.gold-price-girls.com/
put as much lipstick on this pig as you see fit. it's still a pig.
If you can't hold it, you don't own it.
One of the great things about bitcoin is that you can "hold it", in a sense. There is no central authority that controls the accounts. Your "wallet" is merely a private key, which you can store anywhere you like. You can store it in a holding service, sure, but you can also store it on your own computer. Or you can print it out and store it in your safe (like I do) next to your gold and silver.
Jesus. More on bitcoin. Thanks ZH, or is it BTC Hedge? The whole fucking point of this site used to be that "on a long enough timeline the survival rate for everyone drops to zero". Now, the point seems more like "buy bitcoin, how can you possibly lose". Idiocy over a novelty, and nothing more. If you didn't get in early, and if you don't get out in time, the story is no different from any other bubble.
Great post.
I've also pondered the same questions.
What is the change for bitcoins called? "Littlebits"?
I'm still perplexed on this one.
http://scarwars.net/wordpress/wp-content/uploads/2009/07/obmf1.jpg
The smallest unit is a Satoshi, which is 1 hundred-millionth of one bitcoin. Named after the mythical founder, Satoshi Nakamoto.
So Keiser is now "mythical" is he? Opps, I mean Satonshit.
What a fucking laughtable sales pitch.
You really think Max Keiser is a brilliant mathematician / programmer? I think he's only been aware of bitcoin for a couple years.
I'm amazed TPTB have let it go this far.
Which leads me to this:
If TPTB don't end up killing it, that means they introduced/created it.
+1 TPTB is definitely moving Digital
I don't think they got enough time left...
I'm not really that amazed at all because I'm totally convinced that the criminals themselves, the drug dealers like the CIA will find Bitcoin to be a fantastic tool for payments, the hiding of their wealth, the transfer of their wealth anywhere they want it, etc. I think it's hypocritical as hell that the detractors of Bitcoin keep bringing up the topic that it is being used for money laundering (as well as perfectly legitimate uses) when the gov't itself (or at least the banking mafia) are the biggest promoters of the illicit drug trades world wide. There's a lot of money to be made in the drug business and what banker do you know is not interested in making a lot of money? I honestly believe that that factor alone will ensure that Bitcoin thrives for years to come. They'll yap about it, they'll pretend they don't like it, but they'll be using it all the while.
my ammo dealer doesn't know what bitcoin is, neither do the folks at the grocery store. maybe someday when i get my RFID chip everything will be okay.
Does your ammo dealer accept anything other than USD?
all you fucking Clit Coin tards better realize your idiotic scam currency just got shit on by some pimple faced geek in his mom's basement.
Move your fiat turd paper into electronic turd paper, go ahead, keep it up, as I watch and laugh when you get your fucking face ripped off.