• There has been a recent cluster of spammers accessing BARFer accounts and posting spam. To safeguard your account, please consider changing your password. It would be even better to take the additional step of enabling 2 Factor Authentication (2FA) on your BARF account. Read more here.

bitcoins

I'd just say that's not what it's for. There are drawbacks to every payment medium and that's why there are various payment mediums. Can't sit a computer and send cash to an online store, so we have CC/debit. The gas station doesn't accept gold, so you can pay in cash. Some people don't like accepting large amounts of cash, so you can give them a check/mo. I'm also fairly skeptical of bitcoin, but there is no payment medium that ticks every box.
 
panthera said:
This is simply not true. You have the ability to spend offline. Can you use your visa card without power?
Click to expand...

Yes, yes you can. It used to be how it always worked. Now it's quite rare and the merchant may get burned. But it still works. The merchant records the card # and other info, then sends it in to be processed. Now days this can be done entirely on a smart phone, but paper versions work, and some places even still have knuckle-busters card imprinters for this purpose.
 
The concept is to decentralize monetary funds. But, as we have discovered - the government has the power to make the rules.

Without rule of law, monetary funds have little use. Tangible goods and commodities hold more real world use value.

Can't have your cake and eat it too. Right now it's all about profit and greed and control for cryptocurrency. Who is going to take control from the Rothschild Family?

As long as everyone believes.... then we're good. The second speculation freezes, we're screwed and back to bullets, food cache, and water.

Cryptocurrency solves nothing. It just shifts perceived power.
 
JakesKTM said:
The concept is to decentralize monetary funds. But, as we have discovered - the government has the power to make the rules.

Without rule of law, monetary funds have little use. Tangible goods and commodities hold more real world use value.

Can't have your cake and eat it too. Right now it's all about profit and greed and control for cryptocurrency. Who is going to take control from the Rothschild Family?

As long as everyone believes.... then we're good. The second speculation freezes, we're screwed and back to bullets, food cache, and water.

Cryptocurrency solves nothing. It just shifts perceived power.
Click to expand...

I think you are touching on some truth there.
 
JakesKTM said:
The concept is to decentralize monetary funds. But, as we have discovered - the government has the power to make the rules.

Without rule of law, monetary funds have little use. Tangible goods and commodities hold more real world use value.

Can't have your cake and eat it too. Right now it's all about profit and greed and control for cryptocurrency. Who is going to take control from the Rothschild Family?

As long as everyone believes.... then we're good. The second speculation freezes, we're screwed and back to bullets, food cache, and water.

Cryptocurrency solves nothing. It just shifts perceived power.
Click to expand...

All good points, except... I wouldn't bank on believing the Rothschilds are the "capstone of the pyramid" so to speak.
 
byke said:
I'd just say that's not what it's for. There are drawbacks to every payment medium and that's why there are various payment mediums. Can't sit a computer and send cash to an online store, so we have CC/debit. The gas station doesn't accept gold, so you can pay in cash. Some people don't like accepting large amounts of cash, so you can give them a check/mo. I'm also fairly skeptical of bitcoin, but there is no payment medium that ticks every box.
Click to expand...

Absolutely correct. I just find Bitcoiners to be far and away the most unreasonable as it relates to acknowledging the fallibility of their payment medium/asset/store of value.
 
holy cow XLM went up over 100% yesterday and looks like it's going to continue through today!

Love day trading crypto!
 
Nice. I read they have partnered with IBM to do cross boarder money transfers on the blockchain. I love seeing large companies legitimize the tech.
 
If anyone is interested https://tge.karmainternational.com is having a pre ico buy in. You can get 50% bonus coin for donations before the 21st at 12PM PST.

You'll be buying coin at .07

A little bird informed me this could blow up and with the 50% bonus its kinda a no brainer.
 
Last edited:
Entoptic said:
If anyone is interested https://tge.karmainternational.com is having a pre ico buy in. You can get 50% bonus coin for donations before the 21st at 12PM PST.

You'll be buying coin at .07

A little bird informed me this could blow up and with the 50% bonus its kinda a no brainer.
Click to expand...

Tell me more about this little bird and its track record of picking things that go up in value
 
panthera said:
I bought more today and will keep doing so. Do your thing red and I'll do mine. Your looking at the last few days. Look at the last year. Or the year before that. Or the year before that. The naysayers are eating their words. I have no doubt you will as well. Lets talk in a few years. Meanwhile I'll buy and use this system of payment. I would rather use bitcoin then let Wells Fargo or any bank use my money.

For posterity current btc price is 3300.
Click to expand...

We're at ~$7,500. :party It begs some questions...

Have you booked any profits? or have you just been buying on the way up since this post? Are you still a buyer at this level? Is there a particular price point where you become a net seller, or are you a perma-holder?
 
redruM said:
We're at ~$7,500. :party It begs some questions...

Have you booked any profits? or have you just been buying on the way up since this post? Are you still a buyer at this level? Is there a particular price point where you become a net seller, or are you a perma-holder?
Click to expand...

I’m day trading and making a fucking killing. Almost tempted to leave my job it’s that good.

Got hooked on with whales around the world. Some above table, some below. Everyone agrees, fuck the US tax system. Myself, I’ll gladly pay the taxes and be happy.

Just wired another 40k to coinbase.
 
Last edited:
redruM said:
We're at ~$7,500. :party It begs some questions...

Have you booked any profits? or have you just been buying on the way up since this post? Are you still a buyer at this level? Is there a particular price point where you become a net seller, or are you a perma-holder?
Click to expand...

The only profits I technically have are from what I purchase every day for lunch. Meaning that I hold bitcoin and transfer a little bit to my debit card that I use so with every purchase I'm using a little profit. I will still buy at this level and will liquidate half if btc goes to 100k then let the rest ride until I give them to my kids. I use and will continue to use and purchase more forever. I would rather buy some every month to reload my card and to continue putting some away for the future than give any money to the banks.
 
Entoptic said:
I’m day trading and making a fucking killing. Almost tempted to leave my job it’s that good.

Got hooked on with whales around the world. Some above table, some below. Everyone agrees, fuck the US tax system. Myself, I’ll gladly pay the taxes and be happy.

Just wired another 40k to coinbase.
Click to expand...

Nice. I will pay taxes this year on all my profitable sells which are lunch purchases and a few hundred here and there for clothes and boots. Im definitely not trying to beat the tax man. You may get away now but you will eventually get caught and pay dearly. I think the value is long term so I dont want to day trade. I did my fair share of day trading and although I never lost, I could have made more if I just held the stocks I traded.
 
Also bitcoin price for me is not the current btc price. It is the current btc core price plus a bitcoin cash token worth about $650 and a bitcoin gold token worth about $150. So my bitcoins together are over $8000 each. Now there will be another fork this month and that token may go for $500 or more. Whatever total number of btc you hold you can collect equal number of sewit2X token after the split.
 
panthera said:
Also bitcoin price for me is not the current btc price. It is the current btc core price plus a bitcoin cash token worth about $650 and a bitcoin gold token worth about $150. So my bitcoins together are over $8000 each. Now there will be another fork this month and that token may go for $500 or more. Whatever total number of btc you hold you can collect equal number of sewit2X token after the split.
Click to expand...

Panthers are you using a hwardware wallet? I just picked up the ledger Nano S and love the ease of use and added security.
 
Just installed coin base. My coworkers told me to buy a couple weeks ago. Should have. So now what? Wait or buy in?
 
You must log in or register to reply here.
Back
Top