Post
Topic
Board Bitcoin Discussion
Re: Is Buffet right or wrong?
by
AnonyMint
on 16/03/2014, 23:07:10 UTC
bananas is correct, he just doesn't know how to defend his point well.

Bitcoin isn't decentralized, it is controlled by a few pools which have more than 50% of the hashrate.

Bitcoin is taxed as a commodity, and normal people aren't going to want to keep tax records for every small transaction they make. This is why Bitcoin can never advance as currency.

Because of this Bitcoin is already controlled by the governments. When they are ready to bless their bankster fiat patented solution, they will simply increase the taxes to unbearable levels.

The masses will readily jump to the fiat solution which has theft protection, chargeback protection, don't have to jump through hoops to use it and get it. Instant transaction times, etc, etc.

Bitcoin is a joke. It is for speculators only, not for serious uses.

If you were really serious, you'd have an anonymous coin that can't be taxed, with cpu-only mining that can't be centralized in pools. But you aren't serious. You are just n00bs.

Get off my lawn kiddies. Bye.

(and fuck you too, all you fucking idiots who berated me)