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Bitcoin.....again

From: Lynn Dixon 
------------------------------------------------------
Stephen,
Someone previously in this thread had mentioned something about bitcoin
hardware "scam"  which is what spurred my reply.

In response to you, I take no offense.  But I would challenge your
statement of "... the whole 'I've made a huge profit from Bitcoins, it
works for me' is literally what you will hear people say in pyramid scams."
with this:  Have you done any transactions involving bitcoins?  If not,
then we would be at a stalemate since, in my opinion, your statement would
have no gravitas since you had no experience with the currency, and I would
consider it mere opinion.   I have always heard this about opinions
"Opinions are like assholes. Everyone has one, and they all stink except
your own".

If you or anyone else have made a few transaction using Bitcoin, I would be
happy to debate.  I would also be happy to hear any reports and reviews of
anyone using the currency, even if those reports were unfavorable.


On Tue, Aug 13, 2013 at 11:47 AM, Stephen Kraus wrote:

> ....why did Bitcoin come up in a thread about Newegg Scams?
>
> Also: Lynn, please take no offense, but the whole 'I've made a huge profit
> from Bitcoins, it works for me' is literally what you will hear people say
> in pyramid scams.
>
> So, will they take the drive? Will they at least let you return for a
> refund? I've never had problems with Newegg, wonder what happened.
>
>
> On Tue, Aug 13, 2013 at 11:16 AM, Lynn Dixon  wrote:
>
>> I love the bitcoin fear in the Chugalug threads!! :-)
>>
>> This fear is quite unfounded, and is approaching zealot level.
>>
>> I have made a sizeable profit from Bitcoin, in many ways.  I have bought
>> and paid for many products using BTC as my currency.  I have even used BTC
>> as a legitimate exchange medium to buy/sell foreign currencies.
>>
>> Having a decentralized currency that is far away from any government
>> control (Im looking at you Federal Reserve) whose price is set purely by
>> demand, is a superb idea.  The supply of Bitcoin is highly controlled,
>>  only 6 blocks per hour are targeted for production, and that is why we
>> have difficulty adjustments.  The entire P2P network controls the
>> algorithms, and no single individual or entity has control of it.
>>
>> I have avoided all of the other Bitcoin fear/hate threads simply because
>> they seemed single-minded and a bit sensationalized.  I was seriously
>> waiting on some of those threads to spiral into someone saying its the
>> "mark of the beast".
>>
>> But in all seriousness, I have been mining bitcoin for over 2 years now.
>>  I have made alot of money from my operations.  I also have never meet a
>> serious bitcoin miner that has LOST any money, and most of the serious
>> miners I talk with have made huge returns, even it todays high difficulty.
>>
>> I have also meet alot of folks using the currency daily.  I use it quite
>> often.
>>
>> For those of you shouting "SCAM!!!" and generally spewing FUD, I say
>> this:  For the sake of all things intelligent, open your eyes and look at
>> those of us whom are making honest returns, and genuine transactions using
>> BTC. I leave this: http://www.merriam-webster.com/dictionary/scam
>> I have made thousands upon thousands of transactions, trades, and
>> exchanges using BTC as my currency.  I have YET to be "scammed". My success
>> rate is 100% at this point, which is a hell of a lot more than I can say of
>> the times I have used USD for transactions, (PayPal, Craigslist, eBay,
>> etc).  To me, those thousands of transactions prove it to not be the
>> definition of a "scam".
>>
>> With that being said, I will go back to reading and laughing at all those
>> FUD and close-minded posts about Bitcoin.  One would think that a LUG would
>> be more apt to accept ideas such as Bitcoin more openly, being that Bitcoin
>> is actually opensource.
>>
>>
>> Lynn
>>
>>
>> On Tue, Aug 13, 2013 at 10:39 AM, K I Goldman wrote:
>>
>>> We won't be fooled again*
>>>
>>>
>>> *until the next time.
>>>
>>> And thinking of hardware scams, if bit coin mining rigs cannot
>>> practically be repurposed, and you will theoretically make money off of
>>> mining, then why the heck would you sell them at all and not use the
>>> servers for your own mining purposes?   Just some trolling food for thought.
>>>
>>> Keith
>>>
>>> On Aug 13, 2013, at 10:25 AM, "Ed King" 
>>> wrote:
>>>
>>>  meet the new egg
>>> same as the old egg
>>>
>>>  ------------------------------
>>>  *From:* John Aldrich 
>>> *To:* chugalug@chugalug.org
>>> *Sent:* Tuesday, August 13, 2013 10:02 AM
>>> *Subject:* [Chugalug] NewEgg scam
>>>
>>> So the "new" drive I bought from NewEgg was actually a used drive and it
>>> was originally sold as an external drive. This according to Seagate.
>>>
>>> Yet another reason NOT to buy from NewEgg.
>>>