Bitcoin Cracks $5000
- Thread starter anaconda
- Start date
Mordan
Member
- Joined
- Jan 21, 2008
- Messages
- 2,340
Bitcoin is sound money for me. better than gold. hence my decision. Goldmanc Sachs CEO is right. Look up the video above.
End around the Fed and disruptive, you say? Hmm...
National Security Agency (NSA) Office of Information Security Research and Technology, Cryptology Division whitepaper from 1996:
The Cryptography of Anonymous Electronic Cash
http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
RonPaulIsGreat
Member
- Joined
- Nov 10, 2007
- Messages
- 1,462
OMG, NSA speculated about the advent of electronic cash!!!!!!!! as did 1000's of others before it actually came into existence. I'm selling all my bitcoins it's obviously a program by the government to diminish its own power.
I just read several sections of that paper, it all revolves around a central "Bank" controlling deposits and withdraws. So, not even similar at all to bitcoin. Proof of work is probably the most important thing about bitcoin, as it allows the mining process, which gets rid of the need for a central authority to approve transactions, and prevent nefarious situations like double spending (if wait for the transaction to be several blocks deep before counting it as "actually" received).
Last edited:
Every project starts somewhere. That was what the NSA initially started with and it has evolved into what it is today. Or we could put this whole argument to bed if you can show me a picture of Mr. Satoshi. I'll wait....
Satoshi is the most reclusive multi billionaire on the planet. I don't see what the NSA had to gain if you're saying they're the creator. There's no central control, no one at the onset envisioned it would take off and grow as quickly as possible. Really what's a few billion to that agency?
CCTelander
Member
- Joined
- Oct 20, 2007
- Messages
- 9,182
Krugminator2
Member
- Joined
- Aug 1, 2014
- Messages
- 4,568
It is kind of ridiculous. I don't much about Bitcoin. I had $1700 in Bitcoin Cash which I didn't know I had. I play a little bit of poker and for some reason found they must have sent me Bitcoin Cash instead of Bitcoin a while back. I just found it when I opened up another wallet. The price of Bitcoin Cash was $600 when I got rid of it. And now it hit $2800 a few days later.
dannno
Member
- Joined
- Dec 19, 2007
- Messages
- 65,717
When it forks, you get both, maybe why?
ChristianAnarchist
Member
- Joined
- Jan 5, 2008
- Messages
- 4,641
These cryptos are crazy. I've tried playing in the market a bit and it seems I have a knack for buying high and selling low. I had a couple of Bitcoin Cash that I traded away at 340 and now it's a couple of grand a week later?? I can't win for losing in this game...
Not to mention I lost money when the goons took over the btc website. I got about about 2/3 of it but it really doesn't matter, I can't seem to make any right decisions in this market. Have some Bitcoin now and it's gone down (of course). Good thing I only put in money I can afford to lose. Like going to Vegas. Only put on the table what you can afford to lose...
Not to mention I lost money when the goons took over the btc website. I got about about 2/3 of it but it really doesn't matter, I can't seem to make any right decisions in this market. Have some Bitcoin now and it's gone down (of course). Good thing I only put in money I can afford to lose. Like going to Vegas. Only put on the table what you can afford to lose...
Similar threads
