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Re: troll topic: bitcoin
Posted: Thu Jun 21, 2018 11:57 am
by Tom
Hard pass from me.
Some co-workers have gotten into it. I only have the most basic understanding of what it is and how it works, so I asked them to explain to me what it was and why it was a good investment. Blank stares all around.
Re: troll topic: bitcoin
Posted: Thu Jun 21, 2018 12:22 pm
by bort
Some people solder bitcoins onto the bitpaddles of their tubas.
Re: troll topic: bitcoin
Posted: Thu Jun 21, 2018 1:05 pm
by TheTuba
1 bitcoin= around 10,000$
not worth it, I say
Re: troll topic: bitcoin
Posted: Thu Jun 21, 2018 1:11 pm
by Tom
Stryk wrote:Fake money you buy with real money.
Yup...that was my take away.
BTW, it's about $6700 = 1 bitcoin as of today. Earlier this year it was about $20,000 = 1 bitcoin. Pretty volatile.
Re: troll topic: bitcoin
Posted: Thu Jun 21, 2018 1:24 pm
by Tom
I know enough about it to know it's not for me. It's a total fabrication, "fake" as you say.
Since this thread got posted I've been reading more about it and it hasn't changed my mind. If anything it just increased the "WTF?" factor for all of this that I already had.
Re: troll topic: bitcoin
Posted: Thu Jun 21, 2018 1:30 pm
by Three Valves
I was thinking about rolling over my bundled mortgage derivatives into bitcoin...
Re: troll topic: bitcoin
Posted: Thu Jun 21, 2018 2:33 pm
by bort
Bitcoin reverse mortgage! Brilliant!
Re: troll topic: bitcoin
Posted: Thu Jun 21, 2018 7:04 pm
by sushi20j
My middle brother tried to get me into bitcoin several years ago. At the time it was about $100-150 a coin... I repeatedly declined not knowing what all the fuss about it would later turn into. Sould have snagged a few coins back then, I would've been able to turn a nice profit earlier this year.
Re: troll topic: bitcoin
Posted: Thu Jun 21, 2018 9:18 pm
by PMeuph
Re: troll topic: bitcoin
Posted: Fri Jun 22, 2018 7:24 am
by PMeuph
the elephant wrote:
It depends on the nation. Ours is most certainly today. In the past we were on the silver or gold standards, fixing our currency to a specific weight of a metal and assigning a value to that. Today? It's just paper that we devalue further with each new printing if old money in the same amount is not collected for destruction. Compared to our money just 50 years ago it is of little value now.
So, Pachy, are tubas better investments than bitcoins ?
Re: troll topic: bitcoin
Posted: Sat Jun 23, 2018 7:57 am
by alfredr
Shave and a haircut, six bits?
Re: troll topic: bitcoin
Posted: Sat Jun 23, 2018 1:12 pm
by Donn
More likely it would be a couple hundred bits, today.
wikipedia wrote:The choice of 1⁄4 as a denomination - as opposed to the 1⁄5 more common elsewhere -originated with the practice of dividing Spanish milled dollars into eight wedge-shaped segments. "Two bits" (that is, two "pieces of eight") is a common nickname for a quarter.
