troll topic: bitcoin

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Tom
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Re: troll topic: bitcoin

Post 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. :wink:
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bort
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Re: troll topic: bitcoin

Post by bort »

Some people solder bitcoins onto the bitpaddles of their tubas.
TheTuba
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Re: troll topic: bitcoin

Post by TheTuba »

1 bitcoin= around 10,000$

not worth it, I say
I would put a good signature here, but i dont have one, so this will make do.
Tom
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Re: troll topic: bitcoin

Post 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.
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Re: troll topic: bitcoin

Post 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.
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Re: troll topic: bitcoin

Post by Three Valves »

I was thinking about rolling over my bundled mortgage derivatives into bitcoin...
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bort
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Re: troll topic: bitcoin

Post by bort »

Bitcoin reverse mortgage! Brilliant!
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sushi20j
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Re: troll topic: bitcoin

Post 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.
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PMeuph
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Re: troll topic: bitcoin

Post by PMeuph »

Isn't all money made up :?: :?: :?:
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Re: troll topic: bitcoin

Post by PMeuph »

the elephant wrote:
PMeuph wrote:Isn't all money made up :?: :?: :?:
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 ? :mrgreen: :mrgreen: :mrgreen:
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alfredr
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Re: troll topic: bitcoin

Post by alfredr »

Shave and a haircut, six bits?
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Donn
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Re: troll topic: bitcoin

Post 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.
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