Was anyone else long on Bitcoin Cash before today?

Cool. I was wondering how the IRS and local tax boards treat it. Investments or gains from gambling.

Other than supposed total anonymity with transactions when you want it, what really is the benefit with bitcoins? Bunch of gobbity gook to me but then again, I'm not their target market.

 

Who is “their” target market?

Who/ what vendors accept bitcoins/nit cash??

From the title of this thread was there a major gain that happened overnight or something?

What is the value based on?

Confused as hell but when researching this I’m still kinda lost.

What the advantages? I think I understand that they can be easily stolen lost if not securely contained?

 

F@ck if I know. IT Melvins, drug dealers, weirdo failed day traders, chronic gamblers, BBSers. You know, freaks and geeks.

 

It’s a start.

 

Yes IRS stuff can suck but like anything Only if you take the money out.

 

Dude, I'd be cashing the heck out and running for the hills right now.

 

Lol ohhh god. Tries to half describe a fiat current... uses his explanation to dismiss another fiat currency. THE fiat currency.

Good luck with that... you know what else the USD is backed by that crypto never will be? Guns and missiles. Without that, you can always be trumped one way or another.

The USD is worth what it is because it has buying power, its power is relatively stable and certain, and is backed by one of the biggest economies of the world coupled with the biggest military in the world.

Right now, bitcoins real world purchasing use is limited, it fluctuates like crazy creating a speculators hoarding market and defeating the core foundation for it even existing (its an investment at this point not a currency), and its backed by nobody with actual power. Im sure kinks will get worked out, secondary markets with create more liquidity/stability, it'll get accepted more places... if not bitcoin, one of the 1500 coins will win out...

You're getting ahead of yourself a little there. Plus, Treasury is already hiring 3rd party digital snitches to be able to trace ownership. So much for anonymity. Do your cash grab now or in the next year or 2... crackdown is coming.

Also think... are you buying the myspace? Or the facebook? Early frontrunners dont always make it to the finishline.

 

'merica, F@ck yeah!

 

This is debatable but I agree with the rest, if you're comparing against the Yen that's a different story

 

Still makes no sense to me. I just hope that my buddy who jerks off to every bit of Bitcoin news is going to make some good money from it before it (I'm assuming) implodes on itself?

I'm gonna go read the wikipedia entry on it a couple times and hopefully it'll make some more sense to me than it does now.

 

The dollar is backed by the fact that more people want it than the number of people who want bitcoins.

Question: if a Bitcoin is worth $1500, and I'm buying something that cost $1000, what is my third of a Bitcoin called? Y'all got official names for the change?

 

Bitchange?

 

I know where their servers are in Bonner MT. EMP that bad boy.

Then grab a cold beer at Kettlehouse Brewery next door...

 

Little bits?

 

Isnt the old saying... Govt HATES competition? A couple months ago a new roof would have cost me 4 bitcoins... today I would be getting my roof done for fractional bitcoins...lol. There was a local guy that once gave 20 bitcoins for a couple of pizzas!

Limited time offer!!!

People laughed at paypal... now they are a sizable company.

 

Shave and a hair cut.....

 

Bitcoins seems like special items in an online computer fantasy game. The items don't exist, but they have value to the people playing that game. The rarer the item, the more value it has.

 

like $160 bottles of Rye?

 

*whispers*

Lil' Bits