I think it started out as a scam but then turned into something real by accident.

Bitcoin is impossible to counterfeit, here's why. Everyone has a copy of the blockchain, the public ledger that basically shows what everyone has. If they try to pretend to send anything they don't own, the network will reject it.

Pretty much every "hack" you've seen is due to exchanges or 3rd party services screwing up, not the protocol itself.

I'm going to be laughing straight to the bank when the USD inevitably collapses. The federal reserve has over 12 Trillion dollars worth of debt, which is next to impossible to pay off even with extremely reduced government spending and immense taxes. the federal reserve, the central bank, will have to print off trillions of dollars to pay off the debt at some point in the future, and doing so would cause hyperinflation.

The debt only continues to grow, and we do nothing about it.

Yes...yes...so let's invest time, resources, and what not to digital currencies....

**** silver and gold, it's all about 1s and 0s baby!!

So... Ron Paul 2016?

Yeah, this bank:

http://cdnimg.visualizeus.com/thumbs...b1bdd10e_h.jpg

Exactly what bank do you think would be open if that ever happened?

Debt is not going to kill the U.S. Economy. In fact, it has been very rare that we've ever been out of it. Also, read the news once in a while.

Skills National Bank of Bitcoin

It was a joke, a reference to an old hip hop song. It was used by the League of Legends streamer "trick2g" to mock players whenever he killed them.



A slight surplus of budgets won't pay it off. It grows at an exponential rate off of interest alone. Even Raising taxes to the highest point on the Laffer curve and completely reducing government spending except for crucial things would still not pay it off.

Glad to know he's on my side
Attachment 14278

It's still really good news. We haven't had a federal budget surplus in 7 years (since the crash) and the companies that messed things up are finally starting to repay what they owe.

It's not going to be fixed instantly. As long as spending is contained and we continue to slash budgets for things we don't need a lot of money for, we should be fine. Our debt can definitely be managed. Almost every level of government, be it federal, state, or local has an active role in keeping spending under control, and they've been doing a pretty good job of it so far.
Using the word 'exponential' is a huge exaggeration. You're basically saying the graph on the left is the same as the graph on the right, as shown below.

I made 2k doge by tading last night. Almost enough to buy a tall boy.

When the debt increases by an average of over 2 billion per day off of interest alone, a 53 billion surplus for one month isn't even enough to keep the debt in place.

You've convinced me, I'm never putting my money in banks again! The mattress it is.

I like how cryptocurrencies cant be subjected to inflation.

This is kind of weird to me, because they still apparently lose value.