What does Sup Forums think of bitcoin?

What does Sup Forums think of bitcoin?

Obama isn't his real name

gotta launder money somehow

Monero

>laundering money through a (mostly) immutable public record of transactions freely searchable by anyone

now theres a currency for money laundering

I think moot should have banned it instead of making /biz/.

>blockchain

Its gonna crash, and then rise again r-right anons?

yeah just keep waiting for the dip and stay poor forever nocoiner

>solid dev team

>buy bitcoin
>buy drugs with bitcoin
>leave leftover bitcoin in wallet to gain value
>buy drugs with change in wallet
>leave leftover bitcoin in wallet to gain value
>free meth and coke
I fucking LOVE bitcoin.

>BUY MY COINS

Hope not I just put 10k of my savings into it last week but I'm in it for the long-haul anyway so I'm not that concerned by short-term volatility. My investment time frame is 5-10 years, overall I'm pretty optimistic that it's a solid investment.

I'd like to know how long they keep the transaction history , if every computer that processed the original transaction has been turned off/broke , how do I prove something happened?

you guys already ruined biz. get the fuck out if my pol. MODS MODS MODS

/biz/ was created because of crypto you tard

fuck off and die nocoiner

Don't worry. /biz/fags have to contend with us druggies here, which puts their precious investment down where it belongs with cash money: a useful commodity best served buying dope.

>the block chain contains your identifying information

> try to talk about business and finance on biz
> bruuuuh buy my coinz
> over 9000% gainz
> fuck stocks and gold, buy porncoin lolz

biz is a shithole where there is no sanity. keep your scam there and let people here talk about politics

FULL POTENTIAL: replacement of the global currency system with a user-controlled economy free from (((control)))
LIKELY POTENTIAL: A series of bubbles trending upwards in growth over a few decades until it reaches a maximum stable value at which point it remains an alt-currency that is used mainly for paying for things normal money can't pay for.
CURRENT REALITY: Millions of idiots thinking that they'll strike it rich if they buy on a steep increase, then selling at half what they invested, leaving the few wise long-term holders much richer.

It's acting primarily as a nerd stock market right now and its actual use as a functional currency is limited to buying illegal shit on websites the FBI is watching

So I'm looking at bitcoin history and it says it started in 2009?

I can remember being on AnandTech much earlier than that and seeing someone ask about a rig for mining bitcoins. I remember it distinctly because I had never heard of crypto and when reading about it I thought it was fucking ridiculous.

Am I just wrong that it was earlier?

>the block chain contains your identifying information
This. Blockchain only shows Bitcoin addresses. They have no fucking idea who owns those addresses UNLESS you're a moron and associate your address with your person elsewhere.
Monero is a good coin.

>giant throughhole resistors
disgusting

can't get loans
can't make interest off of it
taxed

keep being poor

>It's acting primarily as a nerd stock market right now and its actual use as a functional currency is limited to buying illegal shit on websites the FBI is watching
Bitcoin's utility right now is limited because of the 1MB blocksize, but if you think many organizations aren't interested in offering it, you're mistaken. Even Paypal have a patent on a crypto-enabled wallet.
Fact of the matter is that shit just won't scale with (((Core))) in control though. It's either 2X under Garzik, otherwise BCH or something else will be king.

every major business in the world operates of off credit.
credit is how you get rich, spending your own money is not.
keep being poor pleb, you'll never understand.

I donut understand it it's over my head

It seems like the big boys are pumping it lately.

It's for illicit purchases and parting a cryptocuck and his money. Blockchain tech is what is actually valuable.

>core dev group consisting of over a hundred contributors are the jews
>not the business interests pushing for 2x or the chink miner for bch

u r a faget

pyramid scheme

Bitcoin will be cryptocurrency 1.0. The 2.0 will be controlled, with the blessing of all the financial and government vampires who could kill btc any day

>if we make blocks bigger, people in third world will not be able to afford to run bitcoin full node
>third worlders cannot even afford to transact on Bitcoin
Either you're a shill or a moron. Maxwell and Co are fucking you, and Bitcoin, in the ass.

>first transaction was for "pizza".

t. jew lover

It looks like a skull laughing at me in the thumb.

Just noticed the filename, durr.

Crypto’s value stems from its ability to circumvent centralized government control.

Monero is like /pol, decentralized and anonymous, sketching out normies for now but will create a movement that hits people by surprise

Great way to scam newfags out of real money desu

Settle down newfag, this happens everytime before a crash.

caveat-
Unless they like tweaking, tripping, or rolling

Fair enough, if you want to buy drugs online from an anonymous stranger by sending him non-refundable untraceble funbux and then getting it delivered to your address, Bitcoin is the way to go.

So what your saying is I should use credit to buy Bitcoin, thanks for making me rich user

The only thing that will make BTC crash is governments dumping all their confiscated coin onto the market.
BTC is after all, finite, so inflation is not possible. The more BTC governments confiscate in busts, the more valuable it becomes.
The recent rise in value is due to several darknet markets going belly up, the BTC involved being confiscated, leading to lowered supply while demand stays high.

these threads are always hilarious
i always think they are either the most retarded of ancaps who do nothing but look at /biz/ charts all day and people who fell for the memes in the first place and try to shill their crypto in desperate hopes that it goes up in value when they know it will inevitably go down

>from an anonymous stranger
That's a good thing.
>by sending him non-refundable untraceble funbux
Sites use escrows to stop most scamming. Only real dumbasses get taken.
>then getting it delivered to your address
Safest way to do it in the US. Anyone can send you anything at any time through the mail so the burden of proof is 100% on the state and unless you're a retard, it's impossible to prove.

That's what's great about BTC and online drug markets in general.
It absolutely minimizes the risk to the typical buyer. And the sellers can't just be your typical street riffraff. Takes a bit of technical skill to be a successful vendor.