BitCoin article for adults

[milanbenes]

Ok fair point - my basic view sort of holds.

But then why would I need bitcoins - where does the demand come from?

the demand comes because so far, holding BitCoin is not visible nor transparent

and that makes BitCoins a useful vehicle for transferring wealth across regions or holding wealth

at the airport the airport scanners will spot a wad of cash or a pile of gold or silver coins, but the USB stick
bitcoin wallet, or even keeping the wallet on the Exchange, nobody knows about it

hence, anybody who might have an interest in disguising their wealth is attracted to Bitcoin

http://www.dailymail.co.uk/news/article-5163209/Bulgaria-Bitcoins-pay-FIFTH-debt.html



Milan.

[original PM]

the demand comes because so far, holding BitCoin is not visible nor transparent

and that makes BitCoins a useful vehicle for transferring wealth across regions or holding wealth

at the airport the airport scanners will spot a wad of cash or a pile of gold or silver coins, but the USB stick
bitcoin wallet, or even keeping the wallet on the Exchange, nobody knows about it

hence, anybody who might have an interest in disguising their wealth is attracted to Bitcoin

http://www.dailymail.co.uk/news/article-5163209/Bulgaria-Bitcoins-pay-FIFTH-debt.html



Milan.

So I can use it to buy drugs and young children then?

[FrontEnder]

FrontEndLoader,

the first sentence of the article,

"Bitcoin has made many skeptics, myself included, look silly this year.",

is not the conclusion.

Your homework for tonight is to develop the patience and persistence to read a whole 5 minute long written article.

Good luck, our ultimate goal will be you reading a whole LadyBird book.

Milan.

I've read the article, it offered nothing new to my understanding and hasn't changed my view one bit. I've read many like it already.

I'd rather spend 5 mins trading and make a big profit. Portfolio up 16% overnight without even putting any effort in.

EDIT: oh and **** off you pedantic twunt.

[milanbenes]

I've read the article, it offered nothing new to my understanding and hasn't changed my view one bit. I've read many like it already.

I'd rather spend 5 mins trading and make a big profit. Portfolio up 16% overnight without even putting any effort in.

EDIT: oh and **** off you pedantic twunt.

FrontEndLoader,

let's not resort to insults it spoils the fun of CUK

good luck with the trading $$$

Milan.

[milanbenes]

So I can use it to buy drugs and young children then?

unfortunately yes

that is the problem

Milan.

[FrontEnder]

FrontEndLoader,

let's not resort to insults it spoils the fun of CUK

good luck with the trading $$$

Milan.

[FrontEnder]

unfortunately yes

that is the problem

Milan.

You can use FIAT for that too.

[milanbenes]

oh dear

Milan.

[Hobosapien]

Getting tired of all these bitcoin threads and I'm interested in what is happening with it. Expect it to become banned in general any time now.

There should be two threads, the one where those with skin in the game are discussing how to proceed and kept free of the trolling (I've been a good boy so far ), and the one where we discuss the negative side to keep them honest.

Let's keep it simple and an unbanned topic in General.

[FrontEnder]

oh dear

Milan.

That wasn't aimed at you. It was my reaction to seeing how much money I've made.