Bitcoin: Difference between revisions

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(hmmm ... rolling this dubious hack back to: Revision as of 23:27, 29 November 2013 by 24.29.242.37)
(Undo revision 43316 by 205.234.159.9 (talk))
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=== Controversy ===
=== Controversy ===


According to an unsigned edit to this page by 69.181.70.193, "Bitcoins are an enormously stupid Ponzi scheme that no self respecting hacker should touch with a 10 foot grounded pole."
According to an unsigned edit to this page by 69.181.70.193, "Bitcoins are an enormously stupid Ponzi scheme that no self respecting hacker should touch with a 10 foot grounded pole."<br> 
 
Various miners and Ponzi schemers, such as the author of the Anti-Controversy arguments below, have become increasingly cunning in their attempts to lure new recruits for Bitcoin.  This despite several publicized incidents of illegal activity and malware (henceforth rationalized away or buried) directly arising from Bitcoin usage.<br>


=== Anti-controversy ===
=== Anti-controversy ===


* It's not a Ponzi scheme if you can get your money converted back immediately, is it (hint: http://mtgox.com, a Bitcoin exchange)? Some more perspective: http://weusecoins.com
* It's not a Ponzi scheme if you can get your money converted back immediately (via: [http://coinbase.com coinbase.com], [http://bitpay.com bitpay.com] or one of the many other payment processors or exchanges).
* Fringe ideas are always ridiculed.  
* Fringe ideas are always ridiculed.  
* Bitcoins have been around for 2.5years now
* Bitcoins have been around for [https://en.wikipedia.org/wiki/Bitcoin 5 years now] and have had hundreds of millions invested in related startups / infrastructure.
* FSF accepts bitcoins (http://www.fsf.org/blogs/community/bitcoins-a-new-way-to-donate-to-the-fsf)
* The [http://www.fsf.org/blogs/community/bitcoins-a-new-way-to-donate-to-the-fsf FSF], [https://supporters.eff.org/donate EFF] and many other important institutions accept bitcoin.
* WikiLeaks accepts bitcoins (http://shop.wikileaks.org/donate http://www.forbes.com/sites/jonmatonis/2012/08/20/wikileaks-bypasses-financial-blockade-with-bitcoin/)
* WikiLeaks [http://www.forbes.com/sites/jonmatonis/2012/08/20/wikileaks-bypasses-financial-blockade-with-bitcoin/ received support via bitcoin] during the Visa financial blockade.
* The price of a bitcoin to USD has been above $700 during 2013. The highest it's gone has been <strike>$14.33</strike> <strike>$106.00</strike> <strike>$236.00</strike> $1020. ( http://blockchain.info/charts/market-price )
* The USD value of 1 Bitcoin has risen to <strike>$14.33</strike> <strike>$106.00</strike> <strike>$236.00</strike> $1132.26. ([https://bitcoinaverage.com/charts#USD-averages-false November 29, 2013 08:30])

Revision as of 18:39, 8 July 2014

Danny O'Brien is accepting Bitcoin donations on behalf of Noisebridge. In a mailing list post (and followup), he sent the following clear-signed GPG message:

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

I can take bitcoins for Noisebridge (I'm on the board for whatever that counts as -- at the very least, Noisebridge have a tradition that you can give cash to a board member as a donation)

1B5sJQ6Wu6AmK9xG5YTic4Nszw4PS7UMAM

d.


-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.10 (Darwin)
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Controversy

According to an unsigned edit to this page by 69.181.70.193, "Bitcoins are an enormously stupid Ponzi scheme that no self respecting hacker should touch with a 10 foot grounded pole."
Various miners and Ponzi schemers, such as the author of the Anti-Controversy arguments below, have become increasingly cunning in their attempts to lure new recruits for Bitcoin. This despite several publicized incidents of illegal activity and malware (henceforth rationalized away or buried) directly arising from Bitcoin usage.

Anti-controversy

  • It's not a Ponzi scheme if you can get your money converted back immediately (via: coinbase.com, bitpay.com or one of the many other payment processors or exchanges).
  • Fringe ideas are always ridiculed.
  • Bitcoins have been around for 5 years now and have had hundreds of millions invested in related startups / infrastructure.
  • The FSF, EFF and many other important institutions accept bitcoin.
  • WikiLeaks received support via bitcoin during the Visa financial blockade.
  • The USD value of 1 Bitcoin has risen to $14.33 $106.00 $236.00 $1132.26. (November 29, 2013 08:30)