Comments on: Bitcoin price soars above $9 for the first time in almost a year

By: Neo

Neo — Fri, 20 Jul 2012 17:44:49 +0000

“dont want to give the power to buy the whole USA to a gang of scammers, right?”
I am sorry, isn’t this the case already ? wall street ?

By: CarlBeckel

CarlBeckel — Fri, 20 Jul 2012 17:11:25 +0000

You can exchange bitcoins for dollars and it takes over 8 USD to equal 1 BTC.

If what you say is true then these guys are already multi-trillionaires. Even if that’s true then I’m fine with it if it means I have a safe place to stash my monetary worth where it won’t get whittled away by fees or taken away from me if I happen to get suckered by an unrelated financial scam.

By: snake0

snake0 — Fri, 20 Jul 2012 12:18:54 +0000

I’d take Bitcoins over PayPal any day.

PayPal, now THERES a real scam. Freezing your account whenever they feel like it and taking huge cuts of every transaction? They need to just die already. Something like Bitcoins might one day lead us to a true Internet currency, stop being so closed minded.

By: Editor

Editor — Fri, 20 Jul 2012 07:34:39 +0000

Well then, I guess we need a global coin exchange. Now there a business to get into! :)

By: Gali

Gali — Fri, 20 Jul 2012 07:04:50 +0000

Would you accept GaliCoins as a paiement?

They work just as Bitcoins. You can create them with your computer (you’ll get one or two a month if you have a powerful computer).

Oh, did I mention I already own 2000000 (10% of the total) of them? It was very easy to do in the beginning, tens of thousands in an hour…

But that doesn’t matter right?
Good news: Galicoin price soars above $9 for the first time in almost a year

By: Editor

Editor — Fri, 20 Jul 2012 06:12:05 +0000

If you could provide evidence for your position and post it here, wouldn’t that be more effective than removing an article?

By: Gali

Gali — Fri, 20 Jul 2012 05:44:49 +0000

Remove this article.
And maybe make another to denounce this scam, its getting dangerous right now.

By: Gali

Gali — Fri, 20 Jul 2012 05:36:23 +0000

Bitcoin = Scam
Beware. Most bitcoins are owned by a few guys who would become multi trillionaires if bitcoins were to be accepted.
One, for sure, dont want to give the power to buy the whole USA to a gang of scammers, right?

By: Sick of Fascists

Sick of Fascists — Thu, 19 Jul 2012 22:46:05 +0000

why do people think that moving towards ‘unified systems’ is better how does it foster unique creativity and points of view to eliminate languages and cultures? It just creates a system of MBA and scientific group-think where people all parrot the same mantras. Logarithmic growth is based on technology being freely available to the masses and freely expressing themselves, not some authoritarian clone factory. You want to convert our society into a giant Japan, instead of a vibrant multicultural US.

By: Allucinator

Allucinator — Thu, 19 Jul 2012 18:40:30 +0000

> If there was a way to switch Bitcoin to Dollars we could accept it for our company

Bit-pay.

By: BB

BB — Thu, 19 Jul 2012 18:22:11 +0000

And there are no foreign exchange fees, and they do all the accounting.

By: BB

BB — Thu, 19 Jul 2012 18:09:10 +0000

“If there was a way to switch Bitcoin to Dollars we could accept it for our company…..just like we do for credit cards from anywhere in the world.”

You don’t need to accept bitcoins directly. There are front end companies such as BitPay (https://bit-pay.com/home.html) that accept bitcoins from the customer and pay the merchant in dollars. And their rates are cheaper than CC and Paypal.

By: Rob B

Rob B — Thu, 19 Jul 2012 17:25:54 +0000

You mean “I wonder which country will be the first to mandate declaration of all bitcoin holdings for tax purposes.”

By: Bri

Bri — Thu, 19 Jul 2012 14:46:59 +0000

Sounds like a singularity to me. It can have as many currencies as it takes. The important part is in seeing the whole.

By: GatorALLin

GatorALLin — Thu, 19 Jul 2012 13:58:20 +0000

..it will be interesting if the world would suddenly have a universal currency…. maybe the world is getting smaller…. maybe we move to one mixed race…one language, one currency, one global standard for things like the metrics system, etc… As better ideas float to the surface (hey even capitalism is taking over China in a Communist country). I grew up in a world that was always USA vs. Russia, or then maybe USA vs. China… what if it was all humans on the same side (what if we all were on the same team to get humans to colonize the moon or mars?). What if it was humans vs. hunger…or disease or lack of education? I think some would ague that a table with 10 legs is less likely to fall over than if it has one giant leg… so maybe there are stability factors to having so many different systems in place (Euro goes down, but does not take dollar down as much for example). The future is more about letting good ideas win….vs. just the group with the most power or money…. when good ideas win, we should all win. Good ideas now are like their own organism and as the dominate being on this earth for the moment it would sure seem all good ideas must first benefit us…. but I could see that changing in the future as we may prove to be only a stepping stone in the evolutionary process (maybe we invent computers that can only create smarter/better computers on their own and even become self aware and then leave us behind because we can’t keep up and is the singularity, or maybe we diverge as a human race to have some stay at human 1.0 and another group advance due to knowledge, money and other advantages to be human 2.0 and beyond).

If there was a way to switch Bitcoin to Dollars we could accept it for our company…..just like we do for credit cards from anywhere in the world. Hard for some to understand a different form of currency, but at the end of the day if it works…it works.

By: Zen

Zen — Thu, 19 Jul 2012 13:41:59 +0000

I wonder which country will be the first to allow taxes to be paid in BTC?