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Thread created on Sat Jul 06, 2013 16:57:54
Last replied to on Sat Jul 13, 2013 05:06:47
So Torn is full of tech savvy people, some of whom I'm sure have heard of Bitcoin.org
*link for reference if anyone doesn't know what it is

Somethings about Bitcoin

- No fees for sellers
- No central issuing body (everybody and nobody owns it)
- Really good for digital goods as no charge backs
- Recurring payments for donations

I don't really play Torn anymore but if this gets a bit of interest I'll update it with more information on Bitcoin

Last Edited: Mon Jul 08, 2013 17:11:59
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Posted on Sat Jul 06, 2013 18:37:18
not that again...

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Posted on Sat Jul 06, 2013 20:37:44
no because Bitcoin is just a ponze scheme currency.

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Posted on Sat Jul 06, 2013 22:53:28
No.

I know what it is and I've used it. It's been suggested loads and still no.

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Posted on Sat Jul 06, 2013 23:48:48
Better to earn these for regular game play as a reward for loyalty to the game.

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Posted on Sun Jul 07, 2013 16:53:00
This seems like a very bad idea tbh

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Posted on Mon Jul 08, 2013 10:10:49
Any actual suggestions rather than saying it's a Ponzi scheme?

It's actually much less of a Ponzi scheme than is USD which is and always will be a way to keep the poor suffering and the rich .. rich

I think if you look at it from Torn's perspective, the amount they lose per month through chargebacks is probably a lot more than you think

They don't even need to handle the coin if they use http://coinbase.com/ which converts it straight back to USD for them

So lets see

No risk of chargeback

A large base of fans looking to spend their Bitcoin

Publicity as the biggest and most likely first MMO to accept Bitcoin for donations

Extremely easy to implement, Torn's coders could have it up and running in less than a day


Torn is full of tech savvy people, more of whom will be using the currency than you think. This could be a great way to attract new players and keep Torn's servers running

It would be great if a staff member could post their views here - a few things to note;

Bitcoin is completely legal
Bitcoin is safe
Bitcoin is not subject is hyperinflation

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Posted on Mon Jul 08, 2013 11:54:50
The only people who use bitcoins are the crazy idealistic, the kids looking to buy drugs and the people looking to buy illegal stuff.

I laughed when you wrote

It's actually much less of a Ponzi scheme than is USD which is and always will be a way to keep the poor suffering and the rich .. rich


With bitcoins, you are only rich with them if you have a fortune in a real currency or if you started mining them at the start. The average user has nothing and cannot mine because the rich have made it so hard it is impossible to profit. The system keeps the poor, poor and the rich, rich. Does this sound familiar to you?

All this idealistic crap about "ooh well it's better than USD because its all equal and fair and we won't have super rich people" is all bullshit.

The only people who have any decent amount of bitcoins are the already rich or the founders so you can say all you want about how bitcoins will change the world forever but all you've done is change the currency you get screwed over in. What do you think will happen when all the rich are happy with the massive inflated price they have created? They will sell to idiots like you and you will have a few useless bytes of data on your computer while they laugh at your stupidity.

A currency cannot change the world. All it is, is a currency not a system. Instead of the system of currencies being controlled by publicly accountable people who are chosen because they seem best for the job, bitcoins were created by a bunch of random anonymous people who have will have made a fortune off of it.

It is a currency not seen, not physical and not backed up by any physical matter. This means that it has no value other than what people will pay for it. It may not have hyper inflation but if too many sell at the same time then the system crashes and they become worthless (a regular occurrence)

A currency so unstable is not suited to torn.

Bitcoins are hard to convert into regular currencies. You will pay huge fees and must use payment methods some have never heard of.

A currency with such huge fees and incompatibility with paypal etc is not suited to torn.

Bitcoins are only used by a tiny amount of people, no matter what that tiny group says, they are still tiny.

A currency with so few users is not suited to torn.

The price of btc fluctuates a lot. It is possible to manipulate the system easily by selling bitcoins and changing the automatic exchange price so you can buy more bitcoins for nothing.

A currency which fluctuates in price so much is not suited to torn.

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Posted on Mon Jul 08, 2013 15:57:56
Ok actually I take back what I said about USD being a ponzi scheme, it's the opposite of a Ponzi scheme.

Early 'investors' lose money every day when using the USD as a primary currency, you know why?

1) INFLATION
More money created = current money worth less
http://www.usinflationcalculator.com/

2) FACTORIAL RESERVE BANKING
I'm sure someone like you with a PHD in economics knows what this means so I won't get into too much detail. But it basically means each time you make a deposit in the bank, the bank will keep 10% in reserves and LOANS OUT THE REST. The rest of what?
The rest of the money you're going to pay them back in 10 years. Oh and they keep doing this up to 9 times. Ever wondered why banks all compete for your money, this is why.
http://www.businessdictionary.com/definition/fractional-reserve-system-FRS.html - Simple but quite accurate representation of what it is

3) DEBT BASED CURRENCY
You know nearly every currency is DEBT based?

You know this means each time someone ie your government wants to print more money, they must go to their local federal bank ie the FEDERAL RESERVE and ask them to print some more money..
Of cause the federal reserve oblige, however they need to cover their expenses so they charge INTEREST (see INFLATION) on the money created. The GOVERNMENT cannot EVER pay off this loan, because to pay off the loan they must print more MONEY [FEDERAL RESERVE IS A PRIVATE COMPANY]
ENDLESS CYCLE OF DEBT
You know what this does to the money in your pocket?
MAKES IT WORTH SHIT
http://www.huffingtonpost.com/max-keiser/minimum-wage-laws-are-the_b_2705428.html

All the money in the world - 100%

Every time a bank gives out a loan they can reinvest it up to 9 times.
Just based on that fact, you should realise that if things continue the way they are - who will end up with ALL of the wealth?
It sure isn't us

After one 'round' of loans

Bank - Us
90% 10%
99% 1%

*Highly dramatised also not strictly accurate - google federal reserve banking for more or what the zeitgeist documentaries for a very good explanation


http://www.guardian.co.uk/money/2006/dec/06/business.internationalnews


BITCOIN HAS HIGH FEES

BITCOIN HAS NO FEES

https://en.bitcoin.it/wiki/Transaction_fees

All fees in Bitcoin are OPTIONAL they are used to PROCESS your transaction and to keep the NETWORK running

FIAT HAS HIGH FEES

Why you you SPEND money to send YOUR money?

Do you do the same in store, do you have to go through a middleman to make a cash purchase?

https://www.paypal.com/uk/webapps/mpp/paypal-fees

Why should it be the same online?

"A currency cannot change the world." MONEY RULES THE WORLD. It will DIRECTLY influence EVERY decision you EVER make. What to study in school, what you can do, what you can see, who you can speak to, who will speak to you. And most importantly IF YOU CAN LIVE
http://www.worldhunger.org/articles/Learn/world%20hunger%20facts%202002.htm#Does_the_world_produce_enough_food_to_feed_everyone

The principal problem is that many people in the world do not have sufficient land to grow, or income to purchase, enough food.

"It is a currency not seen, not physical and not backed up by any physical matter."
http://en.wikipedia.org/wiki/Fiat_money

CURRENCIES ARE BACKED BY THE ISSUING COUNTRY NOT BY ANY PHYSICAL MATTER


Do you use Paypal, eBay, Debit and Credit Cards?
Do they represent any intrinsic value?

OR DO YOU ASSOCIATE VALUE WITH THEM?

We are human and naive we do not like change and will argue our way out of it at all costs. If you are happy with your current economic climate, of debt hyper inflation and CONSTANT recessions then keep using your fiat currencies.

If you believe in a BETTER world, not run by BANKS then consider Bitcoin. It is not a get rich scheme it is a way out.



Oh and finally http://coinbase.com/

Customer pays in Bitcoin - Coinbase process transaction - Coinbase convert payment into USD - Customer is paid in USD




*** I'M NOT SOME JUNKED UP HIPPY OR SOME ACTIVIST TRYING TO BASH THE AMERICAN GOVERNMENT. THESE ARE ALL FACTS BELIEVE THEM IF YOU WILL. ***

Last Edited: Mon Jul 08, 2013 16:04:49
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Posted on Mon Jul 08, 2013 16:23:14
Yeah, "OPTIONAL" fees. Try not paying them. Then your transaction won't happen for a long time/ever.

To get real money from your computer data you must sell it to someone. They want to make a profit so they will charge huge fees.


If you believe in a COMMUNIST world, run by HACKERS then consider Bitcoin. It is a get rich scheme.



Customer pays in Bitcoin - Coinbase makes a f**k ton of profit - Customer is paid a small amount of USD

Bitcoins can't be used in real life, they can only be used over the internet. Have fun trying to spend them in a store.

A currency cannot change the world. Bitcoin is still a capitalist system. A capitalist system has to have winners and losers. That is what makes it work. If everyone is equal then nobody ever works hard or works at all because they already have the same as everyone else and that will never change. People are rich because they have found a way to make money that nobody else has or they have worked hard. Any system that does not reward hard work or intelligence is a flawed system.

How do you think bitcoin would help starving people?

"Sup starving children, we have like this internet money system with optional fees."
"Can I get paid in it?"
"No, probably not since most people don't use it"
"Can I buy food with it?"
"Probably not since there are no stores that accept it."
"Then who uses it?"
"Rich children who want to buy drugs on the internet"
"Then how do they get them?"
"They buy them with real money or use super computers to mine on the internet"
"I have no internet connection"
"LOL NOT MY PROBLEM *troll face*"

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Posted on Mon Jul 08, 2013 16:28:57
There would be two issues with this idea: Firstly, the value of bitcoin has been fairly volatile- this makes it hard to stake a donation cost for any moderate to long period of time. Secondly, Torn would then have to be able to put those funds to good use-- difficult when few individuals will accept it.

I am not one of those entirely dead set against bitcoin, but it has a long way to go before it becomes a feasible currency rather than a high-risk investment.

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Posted on Mon Jul 08, 2013 16:36:44
Bitcoin can't be used in real life, they can only be used over the internet. Have fun trying to spend them in a store.

Credit Cards can't be used in real life, they can only be used over the internet. Have fun trying to spend them in a store.

Oh wait

CREDIT CARDS RUN ON THE INTERNET

BITCOIN RUNS ON THE INTERNET

Can you use credit cards in store?

A currency cannot change the world. Bitcoin is still a capitalist system. A capitalist system has to have winners and losers. That is what makes it work. If everyone is equal then nobody ever works hard or works at all because they already have the same as everyone else and that will never change. People are rich because they have found a way to make money that nobody else has or they have worked hard. Any system that does not reward hard work or intelligence is a flawed system.

Yeah I never said Bitcoin was a way out for people who work a asda and cant be assed to get a proper job, it will however, allow users of the currency to not have to spend 50 to send 500 overseas (it can be done with as little as B0.00000001 yeah that's a fraction of a fraction of a penny

Customer pays in Bitcoin - Coinbase makes a f**k ton of profit - Customer is paid a small amount of USD

Coinbase take 1% - paypal take 3% + 20p - credit cards take 3%

http://www.guardian.co.uk/technology/2013/may/28/google-africa-blimps-net-access


More importantly it is the idea of taking the buying power away from the USD and allow developing countries to use their own currency (not necessarily Bitcoin) in their own countries.
http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe



So far no one has given me a reason as to Torn NOT accepting Bitcoin. Just some vague statements on the price fluctuating and how Bitcoin is not compatible with Paypal, which I think you'll find is wrong.

Bitcoin is compatible with Paypal, Paypal is not compatible with Bitcoin. Don't believe me, try selling a digital good, with Paypal and wait for the chargebacks to roll in.

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Posted on Mon Jul 08, 2013 16:38:53
By DeadEconomist [1670169]
There would be two issues with this idea: Firstly, the value of bitcoin has been fairly volatile- this makes it hard to stake a donation cost for any moderate to long period of time. Secondly, Torn would then have to be able to put those funds to good use-- difficult when few individuals will accept it.

I am not one of those entirely dead set against bitcoin, but it has a long way to go before it becomes a feasible currency rather than a high-risk investment.


bitpay.com
coinbase.com/

Funds can be converted INSTANTLY back to Fiat - Torn can accept Bitcoin donations without ever touching the volatile currency

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Posted on Mon Jul 08, 2013 16:41:59
who gives a rats hairy ass about this BITCOIN.......just play the damn game...

r-


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Posted on Mon Jul 08, 2013 16:53:07
By Black_Viper [1280980]
who gives a rats hairy ass about this BITCOIN.......just play the damn game...

r-


I do and I play the game

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Posted on Mon Jul 08, 2013 16:53:10
Wow you really are just a stupid kid.

Many people use credit cards to buy things in shops. Nobody uses bitcoins.

You aren't listening, nobody uses it so why should torn bother adding it? It's main use is for illegal trading, does torn want to be associated with that?

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Posted on Mon Jul 08, 2013 16:58:31
By ClickHere [270920]
By Black_Viper [1280980]
who gives a rats hairy ass about this BITCOIN.......just play the damn game...

r-


I do and I play the game


i read about this BITCOIN on Wikipedia...what crap!...what a sham!
why not suggest something more useful?

rated -


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Posted on Mon Jul 08, 2013 17:00:22
By TheDarkLegacy [1712562]
Wow you really are just a stupid kid.

Many people use credit cards to buy things in shops. Nobody uses bitcoins.

You aren't listening, nobody uses it so why should torn bother adding it? It's main use is for illegal trading, does torn want to be associated with that?


https://www.spendbitcoins.com/places

It's a NEW innovation of money of cause it's not popular. You think credit cards came out and suddenly everyone had a little piece of plastic to use in shops?

You think computers came out and suddenly everyone had one?

http://www.anvari.org/fortune/Quotations_By_Famous_People/364_i-think-there-is-a-world-market-for-maybe-5-computers-thomas-watson-ibm-boss-1943.html

No it's NEW and coming into the mainstream, if you don't like it don't use it, but you'll get left behind

It's main use is for illegal trading?
http://www.guardian.co.uk/business/2013/jul/03/hsbc-money-laundering-settlement-approved

The BANKS where you store your money are laundering it for terrorism and for drugs. And I'm the stupid kid?

Bitcoin is an open network where EVERY transaction can be viewed and traced back, you think banks want you to see where they're sending their customers money?
https://blockchain.info/largest-recent-transactions


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Posted on Mon Jul 08, 2013 17:03:22
Omfg. someone grave this thread. But HEY, heres great news about your BITCOIN!

Implications
Privacy

Bitcoin transactions are seen as relatively anonymous [98] and are the medium of exchange used in the online black market website Silk Road.[99][100] Some Bitcoin proponents are concerned that such associations may bring about negative perceptions of the currency.[101]

The privacy of Bitcoin is the subject of active academic research.[102] Because Bitcoin transactions are broadcast to the entire network, they are inherently public. Using external information, it is possible, though usually difficult, to associate Bitcoin identities with real-life identities.[103][104] Unlike regular banking,[105] which can preserve customer privacy by keeping transaction records private, loose transactional privacy is accomplished in Bitcoin by using many unique addresses for every wallet, while at the same time publishing all transactions. An IEEE paper proposes a cryptographic extension to Bitcoin called Zerocoin, which would make Bitcoin anonymous and untraceable.[106][107][108][109][110]
Energy use and environmental impact

An April 2013 estimate[111] showed that the amount of energy being used every day to mine bitcoins was equivalent to the amount capable of powering about 31,000 American homes. This was estimated to be about USD $147,000 worth of energy. In comparison, profits made from a day's worth of bitcoin mining were given at about $681,000.
Botnet mining

In June 2011, Symantec warned about the possibility of botnets engaging in covert "mining" of bitcoins,[112][113] consuming computing cycles, using extra electricity and possibly increasing the temperature of the computer. Some malware also used the parallel processing capabilities of the GPUs built into many modern-day video cards.[114]

Later that month, the Australian Broadcasting Corporation caught an employee using the company's servers to generate Bitcoins without permission.[115]

In mid-August 2011, Bitcoin miner botnets were detected again,[116] and less than three months later bitcoin-mining trojans infecting Mac OS X were also discovered.[117]
Theft

There have been incidents of theft of bitcoin balances:
On 19 June 2011, a security breach of the Mt.Gox bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt.Gox exchange, after a hacker allegedly used credentials from a Mt.Gox auditor's compromised computer illegally to transfer a large number of bitcoins to himself. He used the exchange's software to sell them all nominally, creating a massive "ask" order at any price. Within minutes the price corrected to its correct user-traded value.[118][119][120][121][122][123] Accounts with the equivalent of more than USD 8,750,000 were affected.[120]
In July 2011, the operator of Bitomat, the third largest bitcoin exchange, announced that he lost access to his wallet.dat file with about 17,000 bitcoins (roughly equivalent to 220,000 USD at that time). He announced that he would sell the service for the missing amount, aiming to use funds from the sale to refund his customers.[124]
In August 2011, MyBitcoin, a now defunct bitcoin transaction processor, declared that it was hacked, which resulted in it being shut down, with paying 49% on customer deposits, leaving more than 78,000 bitcoins (roughly equivalent to 800,000 USD at that time) unaccounted for.[125][126]
In early August 2012, a lawsuit was filed in San Francisco court against Bitcoinica a bitcoin trading venue claiming about 460,000 USD from the company. Bitcoinica was hacked twice in 2012, which led to allegations of neglecting the safety of customers' money and cheating them out of withdrawal requests.[127][128]
In late August 2012, an operation titled Bitcoin Savings and Trust was shut down by the owner, allegedly leaving around $5.6 million in bitcoin-based debts; this led to allegations of the operation being a Ponzi scheme.[129][130][131][132] In September 2012, it was reported that the U.S. Securities and Exchange Commission had started an investigation on the case.[133]
In September 2012, Bitfloor, a bitcoin exchange, also reported being hacked, with 24,000 bitcoins (roughly equivalent to 250,000 USD) stolen. As a result, Bitfloor suspended operations.[134][135] The same month, Bitfloor resumed operations, with its founder saying that he reported the theft to FBI, and that he is planning to repay the victims, though the time frame for such repayment is unclear.[136]
On 3 April 2013, Instawallet, a web-based wallet provider, was hacked,[137] resulting in the theft of over 35,000 bitcoins.[138] With a price of $129.90 per bitcoin at the time, or nearly $4.6 million USD in total, Instawallet suspended operations.
Taxation

Matthew Elias, founder of the Cryptocurrency Legal Advocacy Group (CLAG) published "Staying Between the Lines: A Survey of U.S. Income Taxation and its Ramifications on Cryptocurrencies", which discusses "the taxability of cryptocurrencies such as bitcoin."[139] CLAG "stressed the importance for taxpayers to determine on their own whether taxes are due on a bitcoin-related transaction based on whether one has "experienced a realization event."[139] Such examples are "when a taxpayer has provided a service in exchange for bitcoins, a realization event has probably occurred, and any gain or loss would likely be calculated using fair market values for the service provided."[139]

enough said....

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Posted on Mon Jul 08, 2013 17:03:37
By Black_Viper [1280980]
By ClickHere [270920]
By Black_Viper [1280980]
who gives a rats hairy ass about this BITCOIN.......just play the damn game...

r-


I do and I play the game


i read about this BITCOIN on Wikipedia...what crap!...what a sham!
why not suggest something more useful?

rated -


What did you not like about it?

I'll have a word with the developers and see if they'll heed your advice

I read about humous on wikipedia, didn't like it

Last Edited: Mon Jul 08, 2013 17:03:53
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Posted on Mon Jul 08, 2013 17:07:40
By Black_Viper [1280980]
Omfg. someone grave this thread. But HEY, heres great news about your BITCOIN!

Implications
Privacy

Bitcoin transactions are seen as relatively anonymous [98] and are the medium of exchange used in the online black market website Silk Road.[99][100] Some Bitcoin proponents are concerned that such associations may bring about negative perceptions of the currency.[101]

The privacy of Bitcoin is the subject of active academic research.[102] Because Bitcoin transactions are broadcast to the entire network, they are inherently public. Using external information, it is possible, though usually difficult, to associate Bitcoin identities with real-life identities.[103][104] Unlike regular banking,[105] which can preserve customer privacy by keeping transaction records private, loose transactional privacy is accomplished in Bitcoin by using many unique addresses for every wallet, while at the same time publishing all transactions. An IEEE paper proposes a cryptographic extension to Bitcoin called Zerocoin, which would make Bitcoin anonymous and untraceable.[106][107][108][109][110]
Energy use and environmental impact

An April 2013 estimate[111] showed that the amount of energy being used every day to mine bitcoins was equivalent to the amount capable of powering about 31,000 American homes. This was estimated to be about USD $147,000 worth of energy. In comparison, profits made from a day's worth of bitcoin mining were given at about $681,000.
Botnet mining

In June 2011, Symantec warned about the possibility of botnets engaging in covert "mining" of bitcoins,[112][113] consuming computing cycles, using extra electricity and possibly increasing the temperature of the computer. Some malware also used the parallel processing capabilities of the GPUs built into many modern-day video cards.[114]

Later that month, the Australian Broadcasting Corporation caught an employee using the company's servers to generate Bitcoins without permission.[115]

In mid-August 2011, Bitcoin miner botnets were detected again,[116] and less than three months later bitcoin-mining trojans infecting Mac OS X were also discovered.[117]
Theft

There have been incidents of theft of bitcoin balances:
On 19 June 2011, a security breach of the Mt.Gox bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt.Gox exchange, after a hacker allegedly used credentials from a Mt.Gox auditor's compromised computer illegally to transfer a large number of bitcoins to himself. He used the exchange's software to sell them all nominally, creating a massive "ask" order at any price. Within minutes the price corrected to its correct user-traded value.[118][119][120][121][122][123] Accounts with the equivalent of more than USD 8,750,000 were affected.[120]
In July 2011, the operator of Bitomat, the third largest bitcoin exchange, announced that he lost access to his wallet.dat file with about 17,000 bitcoins (roughly equivalent to 220,000 USD at that time). He announced that he would sell the service for the missing amount, aiming to use funds from the sale to refund his customers.[124]
In August 2011, MyBitcoin, a now defunct bitcoin transaction processor, declared that it was hacked, which resulted in it being shut down, with paying 49% on customer deposits, leaving more than 78,000 bitcoins (roughly equivalent to 800,000 USD at that time) unaccounted for.[125][126]
In early August 2012, a lawsuit was filed in San Francisco court against Bitcoinica a bitcoin trading venue claiming about 460,000 USD from the company. Bitcoinica was hacked twice in 2012, which led to allegations of neglecting the safety of customers' money and cheating them out of withdrawal requests.[127][128]
In late August 2012, an operation titled Bitcoin Savings and Trust was shut down by the owner, allegedly leaving around $5.6 million in bitcoin-based debts; this led to allegations of the operation being a Ponzi scheme.[129][130][131][132] In September 2012, it was reported that the U.S. Securities and Exchange Commission had started an investigation on the case.[133]
In September 2012, Bitfloor, a bitcoin exchange, also reported being hacked, with 24,000 bitcoins (roughly equivalent to 250,000 USD) stolen. As a result, Bitfloor suspended operations.[134][135] The same month, Bitfloor resumed operations, with its founder saying that he reported the theft to FBI, and that he is planning to repay the victims, though the time frame for such repayment is unclear.[136]
On 3 April 2013, Instawallet, a web-based wallet provider, was hacked,[137] resulting in the theft of over 35,000 bitcoins.[138] With a price of $129.90 per bitcoin at the time, or nearly $4.6 million USD in total, Instawallet suspended operations.
Taxation

Matthew Elias, founder of the Cryptocurrency Legal Advocacy Group (CLAG) published "Staying Between the Lines: A Survey of U.S. Income Taxation and its Ramifications on Cryptocurrencies", which discusses "the taxability of cryptocurrencies such as bitcoin."[139] CLAG "stressed the importance for taxpayers to determine on their own whether taxes are due on a bitcoin-related transaction based on whether one has "experienced a realization event."[139] Such examples are "when a taxpayer has provided a service in exchange for bitcoins, a realization event has probably occurred, and any gain or loss would likely be calculated using fair market values for the service provided."[139]

enough said....


See above please


USD the international currency used for purchasing narcotics, money laundering, funding child pornography and terrorism

I don't know what your point is?

Drugs are goods

Goods are exchanged for money or services

Bitcoin is money

USD is money


If I send a bank transfer to my local dealer and he gives me drugs that is the same as me using Bitcoin to buy drugs

Don't be stupid and think that Bitcoin is a 'hackers' currency or a 'junkies' currency, it is a currency like any other.


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Posted on Mon Jul 08, 2013 17:08:30
By ClickHere [270920]
By Black_Viper [1280980]
By ClickHere [270920]
By Black_Viper [1280980]
who gives a rats hairy ass about this BITCOIN.......just play the damn game...

r-


I do and I play the game


i read about this BITCOIN on Wikipedia...what crap!...what a sham!
why not suggest something more useful?

rated -





What did you not like about it?

I'll have a word with the developers and see if they'll heed your advice

I read about humous on wikipedia, didn't like it



How much more clearer can i make this boy.

ITS A SCAM, AND ITS USELESS!!

Torn Developers do not want to involve themselves in this garbage!

Last Edited: Mon Jul 08, 2013 17:09:47
What time is it boys and girls?? Its Ass kickin' time!!
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Posted on Mon Jul 08, 2013 17:11:10
By Black_Viper [1280980]


How much more clearer can i make this boy.

ITS A SCAM, AND ITS USELESS!!

Torn Developers do not want to involve themselves in this garbage!


Explain to me HOW exactly it is a scam

With real evidence and I'll see if I can convince you otherwise

Now I want to see evidence of RESEARCH into the currency not just what you have copied from wikipedia, comon boy you're a smart lad. Let's see what you can come up with.



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Posted on Mon Jul 08, 2013 17:16:04
Yes i am quite smart. thanks you very much...alot SMARTER than you will ever be.

And Wikipedia is quite reputable. Unlike your asanine comments. no more comments from me. your wasting my valuable time. I got better things to do, than argue with a minor.


What time is it boys and girls?? Its Ass kickin' time!!
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Posted on Mon Jul 08, 2013 17:19:38
So I guess you don't have any evidence to suggest it's a scam?

Now I've made no questionable comments I've tried to be as honest as possible. This was not meant as a debate into the currency but often people need facts before they'll trust anything, that's what I've tried to give.

If you don't believe in facts then there's nothing I can do, enjoy your job at 7/11

Oh also you said earlier come up with a more useful suggestion - the dump was my idea



http://www.cato-unbound.org/2013/07/08/jim-harper/its-just-money

Last Edited: Mon Jul 08, 2013 17:38:26
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Posted on Mon Jul 08, 2013 18:09:33
Yeah USD can be use to buy drugs, but bitcoins were invented for the sole purpose of being untraceable so people can buy what they want. AKA drugs, children, guns.

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Posted on Mon Jul 08, 2013 20:19:56
By TheDarkLegacy [1712562]
Yeah USD can be use to buy drugs, but bitcoins were invented for the sole purpose of being untraceable so people can buy what they want. AKA drugs, children, guns.


wtf is this a joke?

Someone spent literally years of their life coding one hell of a complex program so they could buy drugs online - on a website that didn't even exist?

Think about what you're saying, you fool



Last Edited: Mon Jul 08, 2013 21:02:37
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Posted on Mon Jul 08, 2013 21:31:08
By ClickHere [270920]
(...)

It's actually much less of a Ponzi scheme than is USD which is and always will be a way to keep the poor suffering and the rich .. rich

(...)

Bitcoin is not subject is hyperinflation


sure it doesn't, it will grow forever and ever, right?

and when the bubble goes boom you go to Moronistan and redeem your bitcoins for rainbows, unlike USD that actually has a country behind it.

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Posted on Mon Jul 08, 2013 22:00:17
Since when was Torn full or moronic children trying to troll

UK exchanges dont have to register under money laundering regulations
http://www.coindesk.com/hmrc-uk-bitcoin-exchanges-dont-have-to-register-under-money-laundering-regulations/

If Bitcoin was a gateway to drugs they'd allow all of us to freely trade?

Bitcoin soon to be available in Kenya
http://memeburn.com/2013/07/kipochi-brings-bitcoin-to-africa-through-m-pesa/

The guys who sued Mark Zuckerburg like Bitcoin too
http://www.coindesk.com/winklevoss-twins-file-for-20m-ipo-of-bitcoin-trust-fund/

$5 in Bitcoin start up
http://blogs.wsj.com/venturecapital/2013/05/07/coinbase-nabs-5m-in-biggest-funding-for-bitcoin-startup/

Finally - Bubbles don't have a gradual UPWARD trend
http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zv



I will enjoy hearing your responses and please put some effort in to them before you respond

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Posted on Mon Jul 08, 2013 22:36:31
Posting a bunch of links doesn't make your views correct, it just shows you have no knowledge of your own and have to rely on google.

Nobody is doing anything about bitcoins because they simply don't care. Very few people use them and when it crashes and burns people will laugh at you kids.

Bitcoins are great for stealing off people and buying drugs all while remaining anonymous, they just have no place in the real world.

Users want other people to use it because otherwise it has no value. Real currencies have millions/billions of users. Bitcoin is said to have 60,000 users..


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Posted on Tue Jul 09, 2013 10:04:02
By TheDarkLegacy [1712562]
Posting a bunch of links doesn't make your views correct, it just shows you have no knowledge of your own and have to rely on google.

Nobody is doing anything about bitcoins because they simply don't care. Very few people use them and when it crashes and burns people will laugh at you kids.

Bitcoins are great for stealing off people and buying drugs all while remaining anonymous, they just have no place in the real world.

Users want other people to use it because otherwise it has no value. Real currencies have millions/billions of users. Bitcoin is said to have 60,000 users..


Bitcoin - it's just money

http://www.cato-unbound.org/2013/07/08/jim-harper/its-just-money

Read this and realise how your brain is still smaller than that of an undeveloped fetus

The only argument you can come up with is it's used to buy drugs. It's really quite sad that you think you're some authority figure in the Torn community and will dictate what will and won't be allowed in the game.

http://cache.gizmodo.com/assets/resources/2008/03/Trinitron-Timeline2.jpg

Quick image to show how technology advances over time. Things change. The WORLD is online, and yet it is impossible to safely sell DIGITAL goods such as a subscription to TORN using credit cards. Because poorly educated people like you do chargebacks to get their $5 back.

BITCOIN is a way to PREVENT chargebacks because all payments are IRREVERSIBLE.

Now again please put some thought into what you're saying.

"Bitcoins are great for stealing off people" - WHAT DOES THAT EVEN MEAN?

"Bitcoin is said to have 60,000 users.."
http://bitcoin.stackexchange.com/questions/9806/is-there-a-way-to-estimate-total-number-of-bitcoin-users-wallets

In 2011 there was an estimated 60k users - when the currency was TWO years old.


PLEASE FOR GOD SAKE IF YOU'RE GOING TO WASTE MY TIME RESPONDING PUT SOME THOUGHT AND RESEARCH INTO WHAT YOU SAY

Last Edited: Tue Jul 09, 2013 10:05:09
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