At some point in the past, 1 bitcoin could only buy 1 slice of pizza. Today, 1 bitcoin can buy a brand new motorcycle.

At some point in the past 1 dollar could buy 10 movies tickets. Today 1 dollar can't even buy you 1 movie ticket.

Bitcoin sounds like a pretty awesome currency to me. Each to their own I suppose.

I don't know what planet you spend your bitcoin on, but I don't pay any transaction fees. Maybe instead of being a troll running around calling people a liar, perhaps you should fire up the Google machine and find out how it's possible.

Next, you'll probably tell me that my transactions would never complete if I don't pay a fee. LOL

I appreciate your perspective, though it incorrectly assumes that I purchased a sum of bitcoin and now I'm running around daily consuming/burning that bitcoin when it should be left alone to mature in value. You seem to believe that I should have two stacks of currency: one stack of dollars to live life by, and another stack of bitcoin to leave as an investment.

In reality, all the money received from my 9-5 job, my sideline business, and my miners goes into bitcoin. Therefore, I have no dollars left for daily life. I have a constant stream of finances going into bitcoin, and some coming out of bitcoin in the form of commodities and services needed to live daily life. This model ensures that my entire budget increases in purchasing power as rapidly as bitcoin increases in value. All I have to do is ensure that the stream of finances going into bitcoin is larger than the stream coming out of bitcoin and my nest egg grows at an even more rapid pace than if I only used bitcoin as an investment.

To quote yourself, "when it increases in price this quickly then you are retarded" you would be retarded to NOT put every dollar you have into bitcoin.

This thread will be flooded with people saying bitcoin is just for criminals, that mining isn't profitable, and that if you buy it you can't get your money out.

The truth is, I use bitcoin everyday to buy coffee, gas, pay my bills, take my dates out, and buy every day items such as groceries and electronics. I have several different types of miners, and they all turn a handsome profit. I can walk up to any ATM in the world where a Visa Debit or Mastercard Debit cards are accepted and turn my bitcoin back into cash in about 10 seconds.

It has almost entirely replaced the dollar for me. For me, the only difference between the two currencies is that one of them goes down in value every day, and the other one goes up in value everyday.

Go ahead... call me a liar, say it ain't so.

You can get a shift card, a bitpay card, and dozens of other debit style cards tied to your bitcoin. I mine bitcoin at home, and then I spend it EVERYWHERE AND ANYWHERE THAT VISA/MASTERCARD ARE ACCEPTED. I just bought lunch with bitcoin today. A couple days ago I bought a headset from best buy using bitcoin. I also paid my $1300 electric bill with bitcoin. I pay my car insurance with bitcoin.

Because mining produces FAR MORE money that the electricity costs, everything I bought with bitcoin was essentially free. If you truly believe that bitcoin is only for illegal things, you've got your head in the sand or otherwise somewhere where the sun don't shine.

About 10 years ago, I worked at an AT&T store and made over $60,000 per year. It was a good job, and if you could show people the benefit of a wireless phone, it was easy money. As time passed, market penetration increased rapidly. It became more difficult to sell phones to "new customers". It became more common to see kids at 10, 9, 8, or 5 years old already have a phone. Fast forward, and it wasn't too long before nearly everyone had a cellphone with a data plan.

Back then, AT&T needed a strong sales force to penetrate the market. They needed to sell cell phones and data plans to customers that had not yet owned one. As market penetration approached 100% all that AT&T (and other carriers) were doing to changing out somebody's data phone for another data phone. It became rare to sell a phone to a "new customer" and it became rare to sell a data plan to a former dump-phone user because they didn't exist anymore. As the market reached saturation, sales commission levels dropped correspondingly. Now that everyone already has a phone with data, the carriers don't need or want corporate stores.

You have no idea what you're talking about. I was doing business for 17 years straight with zero incidents of fraud, charge-backs or any other issues when they decided to arbitrarily declare me a risk and seize my $14,000. Do a little searching; they're doing this to 10s of thousands of people all day every day.

Within a few years, cryptocurrencies will make them completely obsolete. Personally, I believe PayPal is seizing assets to bolster their finances on paper for investors.

No. I don't mean recoup fraud. Start an eBay business and get it making more than about $4000/month. You'll find very quickly that PayPal will literally seize about 75% of your money and place it in "Reserve" status. You won't have any access to it for 180 days. In addition, they'll continue to freeze a certain percentage of all your income as your company grows. Need your money back to go on vacation: denied. Buying a house: denied. Think you can get your money back by closing your PayPal account: denied, for 180 days.

PayPal has all the power of a bank without being burdened by any of the regulations as a bank. They act as their own judge, jury, and litigators. They can and will seize your money at will, and their's nothing you can do about it. I know because they're holding $14,000 of mine.