The 10yo BitCoin Psyop

I'm still not convinced that Bitcoin will ever amount to much. I dabbled in it and lost $500. I don't even know where it went. I put it into mining but somehow the fees cleaned me out. I'm sure if I had paid attention, I could have avoided that.

So much for the argument that Bitcoin isn't like banks where fees are collected for every little thing.

a reply to: LogicalGraphitti

You expect people to use their resources for nothing?

You need to research why the network has fees to begin with.

So a contact said its an insurance scheme like Silverstein's lease.

What i dont understand is if u dont even own it how can ur insurance pay out so much when it crashes or is demo'd?

Bizarre!

originally posted by: projectvxn
a reply to: LogicalGraphitti

You expect people to use their resources for nothing?

You need to research why the network has fees to begin with.

I know what it takes to mine Bitcoin so no research required. There's a misconception that Bitcoin is somehow not like traditional banks because there are no fees. Research that.

I'm on record somewhere on ATS that Bitcoin isn't what people want it to be. Nothing has changed except the value is on the upswing. Why, I'm not so sure why.

Oops... meant to edit and double posted instead

a reply to: LogicalGraphitti

Well, bitcoin isn't like banks because there is no bank to issue it.

Not sure what the connection is there. I've never heard anyone say anything about bitcoin and miners fees being related to banks.