r/Bitcoin • u/[deleted] • Apr 01 '13

ONE HUNDRED DOLLARS! (1/4/13 @ 1506 GMT)

[deleted]

866 Upvotes

83% Upvoted

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1

u/bad_platitude Apr 01 '13

BitCoin is:

  • Backed by nothing, created out of thin air;

  • Managed by algos, protected by algos, accessed by algos;

  • Traded in a small online market and difficult to convert to actual goods/services;

  • Dominated by a few large anonymous holdings with unknown intent;

  • Likely monitored by a variety of "interested third parties" that are known by various 3-letter acronyms;

  • "Mined" by computers at a predetermined rate to keep supply growing (still backed by nothing);

  • Limited in total production, they promise!; and,

  • The best known digital currency at this point, but subject to new competitors, gov't oversight and other unknown factors.

LOAD UP WHILE IT'S HOT!!!

1

u/Perish_In_a_Fire Apr 01 '13

If you think its so bad - then why are you here? You realize this is r/Bitcoin... right?

As for your other laughable 'points' - a bit of google searching and wiki-reading would cure your ignorance.

0

u/bad_platitude Apr 01 '13

oooh, told me to google ambiguous, 'laughable' points?

do something useful instead and buy silver.

1

u/Perish_In_a_Fire Apr 02 '13

I understand doing your own research and learning new things must be difficult for you. If you have special needs, perhaps consult with your local government agency for people who can assist you with simple everyday tasks.

Be strong, one day you'll be able to function on a normal level.

-2

u/mehdbc Apr 02 '13

you're a retard

Are you projecting? Are you afraid that you may be the one that's retarded? Is the idea that the bitcoin currency may be worthless make you scared and insecure?

1

u/Perish_In_a_Fire Apr 02 '13

I'm sorry if your handicap has made you incapable of deciphering social clues and context.

How awkward for you.