Bitcoin P2P currency

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Re: Bitcoin P2P currency

Post by Aragajag » Fri Jul 22, 2011 3:56 pm

otoel wrote:

On a more serious note what if this whole Bitcoin thing was done on purpose... to make us seem like we are fighting the system but we are actually helping them...

They have to make use "want it", Bitcoin fits the perfect bill of paperless economy that at first glance is going against them... but its just another of their "undercover" operations to get us to accept something.


Well you dont need to put your name to or give any details to a single person to get your electronic wallet that you hold your bitcoins in. So how does that benefit anyone who wants monetary control?
I am interested very much in them for possible benefit to everyone myself very much included. I dont want to push them because I dont want to steer someone down a path they dont want. You are all better off reading up on it and not just cursory one.
Theres some good articles and some with bad reviews.
I am putting my money where my mouth is with it because I reckon the future of it will be well rewarding. So far I have put 6.5k into buying them and in the process of upgrading my computer 6x6950GPU to mine with(P2P) side of how every PC connected verifies all transactions between each other, so no computer has more say than any other. Its very young and still being developed at a fast rate by many its not for the noob PC users just yet imho.
There is no gain to me except a bigger user base for everyone by putting this here.
Do yourself a favor and read it for yourself, you will love it or hate it.

Re: Bitcoin P2P currency

Post by Slamgunshark » Fri Jul 22, 2011 12:16 am

it's money on a grid.

DON'T DO IT!

Socialism.....ergh.....ERAAAAAA!!!!!! NOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!

Re: Bitcoin P2P currency

Post by Zer0 » Fri Jul 22, 2011 12:10 am



On a more serious note what if this whole Bitcoin thing was done on purpose... to make us seem like we are fighting the system but we are actually helping them...

They have to make use "want it", Bitcoin fits the perfect bill of paperless economy that at first glance is going against them... but its just another of their "undercover" operations to get us to accept something.

Re: Bitcoin P2P currency

Post by Aragajag » Thu Jul 21, 2011 2:57 am

otoel wrote:HEY FOLKS! THE MODS ARE FUCKING AROUND!

Check it yo.



:look:


Shit some great detective work there. What that is about I am unsure of but it would be some mod moderating.

Re: Bitcoin P2P currency

Post by Zer0 » Thu Jul 21, 2011 2:46 am

HEY FOLKS! THE MODS ARE FUCKING AROUND!

Check it yo.



:look:

Re: Bitcoin P2P currency

Post by Aragajag » Thu Jul 21, 2011 2:42 am

otoel wrote:
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Its not a product if you took the time to look. What didnt you get about decentralised P2P, no centralised company to promote actually no company at all. Staff member here so I consulted myself on the benefits for others by disclosing further info for people to pursue for themselves to do what ever they wanted.
Again a useless uniformed post by yourself to raise the drama levels on the site.

Re: Bitcoin P2P currency

Post by Zer0 » Thu Jul 21, 2011 2:34 am

Disclose.tv is a privately owned web site and as such we reserve the right to remove any post that we deem to be inappropriate, offensive or intentionally disruptive, or to take any action necessary against any member whose behaviour we deem to be inappropriate, offensive or intentionally disruptive. Action taken is done on a case by case basis and is dependant on the nature and severity of the violations, but can include anything up to the banning of the account and IP address without prior warning or notice.

1. No spamming

Spam includes any of the following:

1a. Advertising: Do not advertise or promote other web sites, books, products, media releases or services without express permission from a member of staff. The site is not a free advertising platform, registering an account solely for the purpose of posting promotional material will result in the suspension of your account. If you maintain a personal or other non-commercial web site you may place a link to it in your profile signature block.

Re: Bitcoin P2P currency

Post by Aragajag » Thu Jul 21, 2011 2:25 am

Bitcoin is gaining more attention and from mainstream as well. I have put some of the banks money via credit card into it gawd bless their little socks for the opportunity to use their fiat currency as its failing to buy Bitcoins to help my future along.
After getting into it right on the highest peak as a total noob, I have had plenty of time to check it out more and put more money in at a lower rate and making some dollars at a steady rate.

This is not meant to be financial advice, look into it for yourself as it maybe for you.

http://www.cnbc.com/id/43823614 for more of following article.

The dollar, euro and yen might be the primary language of currency traders today, but online, all the talk is about bitcoins.

The digital currency has been around for nearly two years now, but it burst onto the radar of the mainstream world in June, when Gawker published a story about an underground Website where you could trade the currency for illegal drugs. The chatter surrounding the story eventually faded, but a lot of people were left confused about bitcoins. What are they? How do they operate? And what, aside from illegal narcotics, can they be used for?

What is Bitcoin?

Dollar and Euro
Bitcoin is striving to be a global currency of sorts—one that's not backed by any government or institution. Bitcoins aren't cash, technically. They're an entirely virtual currency. Users exchange online credits for goods and services from select retailers, contractors and online trading houses.

Rather than going through a bank or financial institution, these credits—called tokens by users—are exchanged directly from person to person.

When a transaction occurs, the bitcoin is automatically sent from the buyer to the seller through an encrypted method that's designed to ensure bitcoins can’t be hacked or artificially created.

What’s the point of bitcoins?

Bitcoin's creators like to position the currency as an alternative to the dollar and Euro. They hope to revolutionize the world of finance just as the Web has proven to be a paradigm shift in the publishing world.

That's a lofty (and likely impossible) goal, but it wisely taps into people's frustration and anger with banks following the 2008 financial crisis. By moving the transaction process to a peer-to-peer level, banks are removed from the process, which also lowers fees for both users and businesses.

The process also lets people conduct transactions with virtual (but not complete) anonymity, perhaps the biggest key to its success so far. And as online transactions continue to grow and online data theft becomes a more common occurrence, bitcoin backers see an opening for the system.

How is Bitcoin different from Paypal?

Paypal and other online payment services are reliant on existing financial institutions to work. Your account is generally tied to a credit card or a checking/savings account—meaning that whenever you spend money, you're subject to the same restrictions and limitations you would have for using those. So, let's say you had tied your PayPal account to Visa[V 88.64 -0.57 (-0.64%) ] with a $2,000 credit limit. Before making an online purchase in excess of that amount, you'd have to arrange for a credit extension or make changes to the source PayPal was drawing from. Using bitcoins, users can spend as much as they want—as long as they have a sufficient number of coins to cover the charge.

At the same time, because there's no way for a bitcoin account to be frozen, users can transfer funds wherever they like. For example, last year PayPal (as well as Visa and MasterCard [MA 308.27 -3.12 (-1%) ]) blocked users from donating funds to WikiLeaks. Bitcoin donations, however, went through without a hiccup.

Re: Bitcoin P2P currency

Post by Tjahzi » Mon Jun 13, 2011 9:26 am

got me convinced :banana:

Re: Bitcoin P2P currency

Post by Aragajag » Mon Jun 13, 2011 1:32 am

newearthman wrote:So are the drugs in the mail or what?


No I was so tempted to go some DMT but I ended up spending the last week reading everything I can about bitcoin and watching the market go for a wild ride.

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