Apparently you can now buy cars with Bitcoins, at least at one Lamborghini dealer in California.
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Thread: Bitcoin: One Investor's Story
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12-06-2013, 11:12 AM #21
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12-06-2013, 02:42 PM #22...he went up late, and I was already up there.
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12-06-2013, 03:13 PM #23"Give a toast to my brother, hug your family, and do everything possible to live the life you dream of. God Bless."
-Matt McCormick
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11-28-2017, 04:44 PM #24
I'm unearthing this thread because I have a bitcoin/finance/economics question. Plus it seems like it's all the rage to give your hot take on bitcoin.
My question is: Can a deflationary currency work? If a currency increases in value relative to the prices of goods, won't that discourage trade and undermine the very purpose of a currency?
I've seen that bitcoin discussions are as divisive as politics nowadays, so I'll acknowledge that it has obviously been a great way for some people to make money. I'm really just curious about what the end game here is.
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11-28-2017, 09:23 PM #25
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11-28-2017, 10:53 PM #26
I have read some stuff saying that block-chain is the future of all transactions.
I guess Block-chain is at the heart of Bit Coin and you can trace every transaction bit by bit back to the source? Or not?
I have no idea. But that block chain stuff is supposed to be heavy metal.
I wish I would have bought lots of bit coins when they were cheap, and I don't know why people that have made millions aren't selling them off now.
Maybe they don't want to pay taxes.
I like Bitcoin because I like something other than the fiat currency of government.
I think the mining for bitcoin stuff seems odd, and that it is capped at 21 million bitcoins. I read an article that bitcoin mining using more electricity than over 100 nations.
I don't get it. But apparently to the true believers, the Block-Chain is going to be transformative and a big deal. But you really can't get a blowjob in Rio with Bitcoin, so it has nothing to do with my retirement plan.RIP Brian Dargin McCormick
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11-29-2017, 08:01 AM #27
It's gone completely vertical this morning. Up 12% on the day.
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11-29-2017, 08:05 AM #28
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11-29-2017, 10:47 AM #29
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11-29-2017, 12:38 PM #30
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