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#21
10-02-2013, 07:03 PM
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I'm not an economics genius though.
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#22
10-02-2013, 07:05 PM
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Ironicly though if you went with investing in a mining firm. You will just subsidize their mining industry. Because the hardware needed to mine 1000$ of bitcoins over the course of a year is probably less expensive than that.
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#23
10-02-2013, 07:14 PM
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I don't trust bitcoins.
Luckilly, I already made a donation to my favorite torrent site for a massive ratio fix BEFORE Paypal blocked them, and they had to switch to Bitcoin donations.
__________________
Estolcles Guerrero: Human Paladin <Europa>
Kalila Hart: Human Druid <Europa> Lemmi Kilmaster: Halfling Warrior <Europa> Wolfang: Human Monk Estolcles: Human Paladin *Thread postings and responses are 99.9999% of the time not representing the thoughts and beliefs of Europa, including any/all of it's members and officers. "You chicken chokin' pecker puke!" ~Terry Funk | ||
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#25
10-02-2013, 09:47 PM
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I don't trust them either. Also I don't know if now is a good time to invest or not. And I'm poor as fuck. I don't have a machine I can plug in to mine bitcoins and wait 20 yrs on an investment return. It'll probably cost more in electricity to mine them.
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#26
10-02-2013, 09:55 PM
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#27
10-02-2013, 09:58 PM
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Quote:
My original argument still stands that it is an Illusion. It is still a fiat currency. And the "People" don't have control over it in the long run. | |||
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#28
10-02-2013, 10:00 PM
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The simplest way to look at it is that it uses Eve game theory in a real world fiat currency.
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#29
10-02-2013, 10:01 PM
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Hell they could just create a "game" to stand in for the "mining". But its slightly easier to cheat at complex games and harder to "tweak" variables.
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#30
10-02-2013, 10:07 PM
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Quote:
I miss playing EVE. No camping shit, just rerunning missions.
__________________
Estolcles Guerrero: Human Paladin <Europa>
Kalila Hart: Human Druid <Europa> Lemmi Kilmaster: Halfling Warrior <Europa> Wolfang: Human Monk Estolcles: Human Paladin *Thread postings and responses are 99.9999% of the time not representing the thoughts and beliefs of Europa, including any/all of it's members and officers. "You chicken chokin' pecker puke!" ~Terry Funk | |||
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