Thread: Bitcoin
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Old 07-18-2011, 12:04 AM  
mayabong
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Join Date: Jan 2010
Posts: 1,952
Quote:
Originally Posted by seeandsee View Post
Come on, if there is "shortcut" for creating BTC (you sad it's not 100% safe), and somebody using it, and then selling BTC to the people, and collecting $$$ from people that way, you really think there is government that will jump in there? how will they do it, they need to prove a shit load of stuff, even then who knows from where is he, probably Nigeria... So you want me to trust that system?

So do you really trust bitcoins so much, would you put your life savings into it, instead keeping it in $$$?
You obviously have no idea how bitcoin works. Mining isn't "free" the rigs cost alot of $$ and also so does the electricity usage. A few 1000 watts running 24/7 isn't cheap. Miners are actually securing the network so it can't be attacked. They are also verifying the transactions that happen through the network since there is no central place doing the processing.

Just cause I think its cool doesn't mean I'm gonna put my life savings into it. Its stupid to put your eggs in one basket.
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