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 Breotan wrote:
Am I the only one who dislikes the way Mike (or is it Jerry?) from Penny Arcade draws the characters these days? His style has changed so much over the years.

OMG, yes! Yes so much. It's relatively recent, too! Obviously he's improved over time as the SIN comic shows, but around 2 or 3 years ago he started getting more exaggerated with expressions and stuff.

I think this:


is way worse then when it was this:

 AlexHolker wrote:
Or you buy Bitcoins to spend Bitcoins, just like the main reason to "buy" $50 notes (in exchange for the virtual currency in your bank account) is to spend $50 notes.

Except that money is far more convenient, and routinely accepted for any legal trade, unlike bitcoins.

Which leaves us with bitcoins being used for trades that money won't touch (ie criminal activity), for idiots who think trading in bitcoins is a tax avoidance strategy, and for speculators who want to sit on bitcoins in the belief they will go up and up in value forever.

It's the last category that dominates bitcoins, with 927 people owning more than half of all the world's bitcoins between them. Including such anti-establishment heroes as those two old money twins that sued Zuckergberg over Facebook.


Automatically Appended Next Post:

 easysauce wrote:
someone commented that bitcoin owes its success to gold bugs... which is ludicrous, the people who like gold like it for the qualities that make it completely anathema to things like bitcoin or fiats...

So I'm guessing you're completely unaware of how much Ron Paul has been plugging bitcoins? Or read any of the political nonsense that guy who just got busted for running Silk Road talked about? Before you use the word 'ludicrous' you might want to do some reading on the issue.

To explain why bitcoins gets the goldbugs excited, first understand that the physical presence of gold isn't really the appeal. The appeal is the desire to have some kind of value in the currency itself - the idea that money can just be an IOU that works because everyone just accepts it as a social convenience freaks these people out. So bitcoins, with their finite number that is set to appreciate, rather than decline in value as money will do as government prints more, really appeals to the goldbugs.

 Ouze wrote:

 Breotan wrote:
Am I the only one who dislikes the way Mike (or is it Jerry?) from Penny Arcade draws the characters these days? His style has changed so much over the years.

OMG, yes! Yes so much. It's relatively recent, too! Obviously he's improved over time as the SIN comic shows, but around 2 or 3 years ago he started getting more exaggerated with expressions and stuff.

I think this:

Spoiler:

is way worse then when it was this:

Spoiler:

]

I think his style around this period is the one I like best:

 AlexHolker wrote:

 lord_blackfang wrote:
Bitcoin is essentially a credit bubble with nothing to back it. Basically the only reason to buy Bitcoin is the hope of selling in on to someone else at a higher price before they catch on.

Or you buy Bitcoins to spend Bitcoins, just like the main reason to "buy" $50 notes (in exchange for the virtual currency in your bank account) is to spend $50 notes.

Ha ha. No.

I've looked into it and still don't understand bitcoins.

I'll just keep to trading chickens and other livestock at the county market for paying for goods and services.

 lord_blackfang wrote:

 AlexHolker wrote:

 lord_blackfang wrote:
Bitcoin is essentially a credit bubble with nothing to back it. Basically the only reason to buy Bitcoin is the hope of selling in on to someone else at a higher price before they catch on.

Or you buy Bitcoins to spend Bitcoins, just like the main reason to "buy" $50 notes (in exchange for the virtual currency in your bank account) is to spend $50 notes.

Ha ha. No.

Well that that was intelligent, well thought out, and reasonable response.


Automatically Appended Next Post:

 kronk wrote:
I've looked into it and still don't understand bitcoins.

I'll just keep to trading chickens and other livestock at the county market for paying for goods and services.

You should be weary of people trying to rustle your livestock. I hear it's been happening for years.

OMG livestock is insecure! Dump! Dump!