Bitcoin -- the new currency?
You are Unregistered, please register to use all of the features of FirearmsTalk.com!    


Firearm & Gun Forum - FireArmsTalk.com > General Discussion Forums > The Club House > Bitcoin -- the new currency?

Reply
 
LinkBack Thread Tools Display Modes
Old 04-24-2013, 10:01 PM   #1
FTF_SUPPORTER.png
Feedback Score: 0 reviews
 
Join Date: May 2011
Posts: 3,087
Liked 757 Times on 449 Posts
Likes Given: 477

Default Bitcoin -- the new currency?

Anyone know exactly what is a Bitcoin? And how does it evolve, at least potentially, to becoming the new currency internationally? Is this just a titillating concept of some complexity that might not have the value it hopes of achieving? It proclaims some sovereignty in that it excludes central banks and governments from prying into personal affairs. I understand that it is growing worldwide. But for how long? Will it last?



__________________
PanBaccha is offline  
 
Reply With Quote

Join FirearmsTalk.com Today - It's Free!

Are you a firearms enthusiast? Then we hope you will join the community. You will gain access to post, create threads, private message, upload images, join groups and more.

Firearms Talk is owned and operated by fellow firearms enthusiasts. We strive to offer a non-commercial community to learn and share information.

Join FirearmsTalk.com Today! - Click Here


Old 04-24-2013, 10:02 PM   #2
FAA licensed bugsmasher
FTF_SUPPORTER.png
Feedback Score: 0 reviews
 
ScottA's Avatar
 
Join Date: Apr 2010
Location: Davenport,IA
Posts: 7,134
Liked 2467 Times on 1322 Posts
Likes Given: 878

Default

I am very skeptical of it. The only thing unique about it is scarcity. There's nothing else backing it up. It's fiat currency, just private fiat currency.



__________________

Scott

Quote:
If you're not representing Jesus in a way that makes people want to hang out with you, you're doing it wrong.
Quote:
Those who refuse to participate in politics shall be governed by their inferiors. -Plato
Join the NRA
ScottA is offline  
 
Reply With Quote
Old 04-24-2013, 11:12 PM   #3
FTF_SUPPORTER.png
Feedback Score: 0 reviews
 
Join Date: May 2011
Posts: 3,087
Liked 757 Times on 449 Posts
Likes Given: 477

Default

Yes, you're right Scott. I can't help wondering if it's not in the realm of a Ponzi scheme. Perhaps not at first, but fearfully later.

__________________
PanBaccha is offline  
 
Reply With Quote
Old 04-24-2013, 11:13 PM   #4
McCool@email.com
FTF_SUPPORTER.png
Feedback Score: 0 reviews
 
MisterMcCool's Avatar
 
Join Date: Feb 2013
Location: Bumfugg, Egypt
Posts: 9,273
Liked 8176 Times on 4417 Posts
Likes Given: 17382

Default

Bushmaster AR-15 for sale. 25,000 bitcoins.

__________________

No offense and none taken (̿▀̿ ̿Ĺ̯̿̿▀̿ ̿)̄

MisterMcCool is online now  
PanBaccha Likes This 
Reply With Quote
Reply

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Firearms Forum Replies Last Post
Legal use of currency? bkt Politics, Religion and Controversy 20 10-07-2012 11:12 PM
New U.S. currency AcidFlashGordon Politics, Religion and Controversy 3 07-25-2010 03:10 AM
New currency to come ??? masterPsmith Politics, Religion and Controversy 9 09-29-2009 12:20 AM
International currency/world order MichaelG Politics, Religion and Controversy 2 06-17-2009 01:19 PM
Communities print their own currency to keep cash flowing crowbar Politics, Religion and Controversy 8 04-11-2009 06:51 PM