Bitcoin is the future

>>60710876
>bu-bu-but only terrorists and drug dealers use bitcoin!
>bitcoin is only for tax evasion
>bitcoin can be hacked
>bitcoin is just a ponzi scheme

dealing with people like this are the worst

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i guess it's hard for most people to live with the idea of supporting a network of degenerate cyber criminals trading kiddie porn and drugs

what vps are you using?

>>60710905
That's what Trump supporters say... Nothing thinking without research
White fags

>>60710910
Yeah well guess what:
>is taking place in Washington, D.C. That city ranked highest in the survey—95 percent of the sampled bills there bore cocaine contamination—along with Baltimore, Boston and Detroit.

https://www.scientificamerican.com/article/cocaine-contaminates-majority-of-american-currency/

Money itself is degenerate.

>>60710925
my personal one is with prgmr.com, they have a great customer service, good uptime and it's pretty cheap

>>60711129

>there are physical traces of drugs on money
>that means its ok to use money to sustain a violent network of criminals who proliferate them for profit

this is what butters actually believe

>>60710910
you need to educate yourself on how blockchains work

>>60711166
What the fuck are you talking about?

>>60711165
this looks really nice. will look into it, thanks

>>60711166
>you are sustaining criminal activity by using bitcoins to pay for goods and services that aren't related to criminal activities in any way
You are absolutely retarded

spending Bitcoin props up criminal activity just like spending dollars, pounds, euros props up criminal activity. Ya'll need to have faith. The blockchain provides.

>>60710910
>cyber criminals
Oh wow, are you a baby boomer or something?

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Okay butt-anons. Genuine question. How long would it take to turn an arbitrary amount of bitcoins back into Ameridollars if the need arises?

>>60711484
However long it takes to send the coins to an exchange account and sell them for fiat. If you already have the exchange account setup and linked to a bank acct - just a few minutes.

>>60711522
Fair enough, anon, thanks.

>>60711484
depends on a lot of things, but if it's a small amount and the exchange you're using has active offers then about 2 seconds, depending how fast you can click and if there's any lag

typically it can be deposited right into your paypal or bank account

Bitcoin is stagnating until the civil war ends and a scaling solution is deployed. I also try to use it for every purchase if I can, but lately it has become impossible for small sums due to high fees and long confirmation delays.

>>60711484
>>60711522
This. You can also just use the online wallet that your exchange provides... but if I was going to sell my btcs for fiat I would try to use localbitcoin, because fuck banks

omg another guy that didnt bought ETH

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>>60711797
>his crypto of choice uses an internal language based on fucking javascript to program smart contracts

lol enjoy your DAO hacks anon...

So I got a spare computer with a 2500k at 4.4Ghz.
Figure i'd look into getting in on some early altcoin mining. Some I can mine for a bit and then check back in afew months and see if I was lucky or not. I have never done anything like this before.

Zcash seems like it has potential to be profitable but you can only set it up with Linux?
Is it foolish to try to get in early on an alt coin with Windows?
Are all Linux distros the same for mining or are some versions better than others for it?
Whats the newest altcoin with the most potential right now?

>>60710876
WHATs the point of crypto currency? I feel like I'm in some sort of parody sketch. I understand why the tech is so valuable but the currency itself sounds literally like a scam despite success stories I know are true

What's the point? What's the end game? Why is it valuable? Videos aren't helping

>>60712388
>WHATs the point of crypto currency?
The point of Bitcoin is really that it's a distributed trust system with a limited supply.

There will only be 21 million BTC mined. Only 21 million people can have one whole Bitcoin. If you don't have one and you want one then you'll have to go ahead and buy one. If you don't want one then that's fine.

The Bitcoin miners ensure that a Bitcoin transaction is final. This can be good or bad. If someone steals your BTC then though luck. On the flip-side, you bank can't just freeze your BTC or reverse a payment to you.

The limited supply thing is why the price of a BTC is about $2400 right now. You can pretty much trust that the Federal Reserve will print more USD and further devalue the dollar. The ECB will inflate the supply of EUR. Bitcoin is also inflating right now, but the rate is limited (currently 1800 new BTC per day) and predicable and fixed.

>>60711380

Oh so you're a retard dumb fuck. Carry on!

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>>60711076
bait/10

>>60712388
>WHATs the point of crypto currency?
Bitcoin is like a distributed database where write transactions are very expensive computationally, for security purposes. You are basically paying for writing into this DB.

>>60712457
Only 21 million BTC until the small group controlling the currency who have majority say decide to change it. Surely they wouldn't decide to print more BTC. Right? Right??

>>60715001
I'm pretty sure chinese miners already control enough of the network to do this

>>60715001
That's basically why most countries embraced fiat currency and central banking.

>why didn't normies embrace Bitcoin (or any other cryptocurrency) yet?

Because it is highly volatile
and while you might see it as a good thing, it has no central governing body.

What bitcoin really brought was the idea of a blockchain, that will last much longer than bitcoin itself.

>>60713249
So when you make a transfer of bitcoins that transfer has to be mined which then produces additional bitcoins, so when limit is reached people will mine for nothing otherwise translations are no longer possible?

>>60715130
Remember when there was a large hack of some alt coin and the founders decided to just roll back the blockchain on those theft transactions, angering lots of people and creating a fork.

>>60715214
The transfer needs to be confirmed by other people on the network.

Think of wallets as being public data , and everyone is agreement with what each person has.
So you can't transfer coins to someone in secret because then its like you never transferred them at all since the public record of your wallet doesn't show that transaction.

Also as the number of coins increases it becomes harder and harder to mine them.
Even if all the coins were to be mined, the blockchain still exists.

>>60715222
Great point. A major change like adding more BTC would create a fork. Will probably always be an original limited version.

>>60715214
They will mine for fees.

>>60715266
Bitcoin has already been made deprecated by ETH

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>>60710876
>I fucking love bitcoin, all I have to do is press the button!
>Paying with credit cards is always pain, you have to press two buttons.
This is literally how you sound.

>>60715266
Rolling back the altcoin basically went against what many coins stand for - no central governing body.
When they decided to roll them back it sent the message that they are in charge and can do whatever they want.

Hacks are likely to happen again, are they going to roll it back each time ? Doing it that one time just opened the door for it to happen again and again.

The blockchain is the real innovation of bitcoin, expect it to be adopted by the banks and other institutions as time goes by.

As for OP,
normal financial institutions provide tools against fraud and theft.
What happens if you pay for something in bitcoins and you don't get the good ?

I can just call up my CC company and have them remove the charge/do a chargeback.
There is no mechanism in bitcoin for reversal of transactions unless you want to open pandoras box like I mentioned