Post
Topic
Board Economics
Re: Why people are still buying BTC?
by
Thralen
on 19/04/2013, 20:20:28 UTC
Strange, I always thought the word 'never' meant past, present, and future. Since I've already used bitcoin as a currency to purchase coffee, food, honey, silver, and gold I do have to wonder where you got your definition of 'never' from. If we're lucky and want bitcoin to succeed then we should hope for bitcoin to 'never again' be used as a speculative tool since that is what leads to the volatility that you mentioned in a sideways manner by referring to price increases.

Gee, sounds like you tried to mine with your CPU or something. Strangely enough I invested in several video cards and the value of the items I've bought using bitcoin as a currency (there goes your never again) exceeds the money I spent on GPUs by a factor of 3 or 4 already and they're still mining. They don't make as much now but I get as much in a single block on Slush's pool as you claimed to get in a couple of hours. I guess you never actually researched how you should mine or decided you could make BTC on advertising sites.

As a previous poster mentioned, you seem to have a serious lack of a grasp on bitcoin as a concept and on how to mine it, please study up on it before making ridiculous blanket statements like you've done here.

Thralen