[Aashenfox]

I'm under no illusions, I have no expectations of future value. Hopes, sure. The fact is it SHOULD be implemented in a way that works, its a very elegant solution to a lot of problems with the modern economic system (there'd be no more generation of the fake money that only exists on paper which plagues our current markets, that is impossible for a cryptocurrency). Of course it introduces its own problems which do need to be addressed or accepted. You should read about cryptocurrency as a concept, it's very promising.

[Aashenfox]

Originally Posted by Stage1

I thought bitcoin died down when silkroad got busted? It used to be good to buy drugs over the interwebs

If anyone killed it, it was Mark Karpeles. A much bigger scandal than silk road (Mt Gox bankruptcy) which did a lot more damage to the reputation of crypto amongst those already invested. Terrible shame all that. But the common man heard little about it since drugs weren't involved. The fact that it's weathered these very serious tests of character and the strength of the hands of its investors, is testament to it possibly having a future.

[PINeely]

Yes, you could have gotten rich if you had bought in much earlier. All of us could have. It was worth loads back in 2013.

But those days are over. There's nobody left in it except people like you, selling Bitcoins back and forth to one another. That's the only thing keeping it afloat. That and the Winklevoss kids dumping tens of millions of dollars into it because they're so all-in at this point that they can't afford to let it die.

This thread is a perfect example of the trouble with Bitcoin. The fact that everyone is so wary of them is what will kill them. Nobody wants them. Nobody trusts them. It was used for practically nothing but buying drugs and child porn. There's nothing to back it up, and they regularly get stolen by the thousands from digital wallets. The fact that you're in here trying to trade them for car parts tells us everything that we need to know.

[V1.47fan]

Any of the vendors take food stamps/ EBT cards?
I want an Akra axle back.

[Aashenfox]

Originally Posted by PINeely

Yes, you could have gotten rich if you had bought in much earlier. All of us could have. It was worth loads back in 2013.

But those days are over. There's nobody left in it except people like you, selling Bitcoins back and forth to one another. That's the only thing keeping it afloat. That and the Winklevoss kids dumping tens of millions of dollars into it because they're so all-in at this point that they can't afford to let it die.

This thread is a perfect example of the trouble with Bitcoin. The fact that everyone is so wary of them is what will kill them. Nobody wants them. Nobody trusts them. It was used for practically nothing but buying drugs and child porn. There's nothing to back it up, and they regularly get stolen by the thousands from digital wallets. The fact that you're in here trying to trade them for car parts tells us everything that we need to know.

And yet, they're still here, still around, and still worth 'a lot', if not as much as they once were. And not 'everyone' is wary of them, tech savvy folks are mostly still holders of small amounts, people who understand what underpins it and why it MIGHT have a future. It's gonna be around for a while yet. I would never get rid of all of mine until I genuinely believe that its gone past the point of no return, but that's way off still. Don't forget the general public has been largely fearful of every technical revolution in the history of man. People don't understand it, it sounds kooky, virtual money? Can I copy/paste it? Plus it's been associated with bad press, and outed by so many uninformed (and mostly aged) economic commentators as 'dangerous and without a future', again because they fear a market they can't control and cheat...its a terrible shame.

[grimlock]

Cryptology does not make a currency. Only a sovereign, that is ruled by or rules over a people can issue a currency.
For the simple reason that they have declared it legal (so).
So it's not a tech issue, uptake will never happen beyond crooks (and now kooks) in open society, like cigarettes are used as prison currency.

[Aashenfox]

Oh dear...you don't really believe that do you?

P.S. You mean cryptography.

[grimlock]

^
well, one of us is wrong..