bit¢oin$

http://grondilu.freeshell.org/bitcoin-flag-continuous.gif
http://25.media.tumblr.com/tumblr_lo1589zT6p1qdia8mo1_500.jpg
http://grondilu.freeshell.org/bitcoin-flag-continuous.gif

want some

http://i.imgur.com/hVghq.jpg

lol at this battlestation http://25.media.tumblr.com/tumblr_m0qxuvDOYy1qfy0bho1_500.png

Bitcoins

thats the clearnet thread, this is deepweb

http://www.investitwisely.com/wordpress/wp-content/uploads/2011/06/bitcoin-heist.jpg

http://25.media.tumblr.com/tumblr_m81tz780071qfrvjzo1_r1_500.png

http://i.imgur.com/wSByl.png

http://i.minus.com/ibe8OuoRWHFbfv.jpg

http://cdn3.sbnation.com/entry_photo_images/5042620/bitcoin_lead_large_verge_medium_landscape.png

http://www.geekosystem.com/wp-content/uploads/2012/09/bitcoinburglary_550.jpg

http://www.ethlife.ethz.ch/archive_articles/120924_Neuer_Globe_Bitcoin_fw/Bitcoin_l.jpg?hires

LOOK OUT

didn't know Spawn lived in the deep web

You two knock it off up there, i'm studying!

http://blockchain.info/block-index/322335/000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e

fun

http://i.imgur.com/9o73J.png

*clicks insistently*

http://i.imgur.com/WxTzp.jpg

is that what a typical bitcoiner looks like

looks a little bit like the what you need, when you need it girl

http://bitcoinmedia.com/uploads/2012/04/pyramid.png

http://t2.gstatic.com/images?q=tbn:ANd9GcRfha_i2oyFu5MJvOsQ4Ov15zGf9B1b9JJiygyfivj-kyNEd1eSEWC31_aWVg

http://www.queencleopatra.co.uk/wp-content/uploads/2012/10/Bitcoin_4__final_cmyk-150x150.jpg

http://i.imgur.com/U6fBu.gif

amon, that gif is beautiful.

http://austincut.com/media/files/2012/01/bitcoin-silk-road-469x400.png

Amazon Coins

so dumb

ha its like buying a gift certificate for yourself

love how amazon is like, this is an easy way for our customers to buy things

... here at the Amazon Appstore for Android on Kindle Fire.

if you don't have your own virtual currency you likely don't exist on the internet.

ilx¢oin$

just keep thinking about the Playstation online store thing where I keep getting email messages monthly reminding me I have a balance

the balance is one cent

http://i.imgur.com/hjH98LR.jpg

http://siliconangle.com/files/2011/11/bitcoin-devilrobber.png

http://i.imgur.com/6FJrFG3.png

http://i.imgur.com/l464dvr.jpg
http://i.imgur.com/iyUv99s.jpg

Just when the Cypriots were losing faith
That’s when I learned about the block chain
I still remember how it all changed
Satoshi said,
Don’t you worry, don’t you worry, child
Bitcoin has got a plan for you
Don’t you worry, don’t you worry now

http://leaksource.files.wordpress.com/2013/03/bitcoin.jpg

http://i.imgur.com/FSIkmqR.png

http://i.imgur.com/OGumtoL.jpg

1 bit coin is worth close to 90 bucks right now. Bought some a year or so ago for 5 bucks a piece. $$$

฿฿฿

A friend of mine told me last night that he made 250k off these.

http://www.businessweek.com/articles/2013-03-28/bitcoin-may-be-the-global-economys-last-safe-haven

http://i.imgur.com/h6gl9nM.png

mining, always a hazardous occupation

omg

how much processing power do you need to have bitcoins?!?!

CPUs do a mediocre job of it, GPUs are mostly used. So you end up with computers with as many video cards crammed in as possible.

http://www.amd.com/us/products/desktop/graphics/ati-radeon-hd-5000/hd-5850/Pages/ati-radeon-hd-5850-overview.aspx

what are they actually like ~doing~

rendering ultra-realistic images of them>??

No. At a high level, it's basically a certain type of math and algorithm that is similar to the calculations that need to be done to render 3d images also let you compare data much more quickly to find bitcoins. It's mostly a coincidence that GPUs are much better at this than a CPU, and a processor specifically designed to be good at bitcoin mining would be much better than that.

Historically this isn't that unique; the cell processor in the PS3 was a variant of an IBM design iirc, but putting together dedicated machines with those processors was less feasible than just buying a shitload of PS3s at the time as the processors weren't really built for consumers, so you ended up with server farms like this: http://www.tomsguide.com/us/ps3-air-force-usaf-playstation,news-5297.html

In the distant future, we'll obviously have 3d-printed processors on demand that you can customize for any particular task, but in 2013 that still isn't the case.

but what IS bitcoin mining, can you like, produce new bitcoins by applying enough processing power?

i dont understand this at all im just realizing

Imagine it's like finding prime numbers. Not the same, but kind of the same territory

wiki that dawg

as president of the international bitcoin mining federation i wasn't going to reveal this yet... but perhaps the time is now. every machine that has been put under the task of mining bitcoins has, in fact, been contributing secretly and without their knowledge to a far grander and more enlightened undertaking: the world's most realistic 3D rendering of the penis organ of homo sapiens. thank you. we expect to unveil the rendering by christmas

i should pitch a treasure of sierra madre remake but with bitcoins

A thousand men, say, go searchin' for bitcoins. After six months, one of them's lucky: one out of a thousand. His find represents not only his own labor, but that of nine hundred and ninety-nine others to boot. That's six thousand months, five hundred years, scramblin' over a mountain, goin' hungry and thirsty. An ounce of bitcoins, mister, is worth what it is because of the human labor that went into the findin' and the gettin' of it.

I too did not know you could "mine" bitcoins.

http://bitcoinreport.com/wp-content/uploads/2013/01/bitcoin-miner.jpeg

I too did not know you could "mine" bitcoins.

― pplains, Saturday, March 30, 2013 5:14 PM (3 minutes ago) Bookmark

where do u think they come from, pal. bitcoin trees???

http://2.bp.blogspot.com/-1BbbTVdEHAI/T1GxWVAd1yI/AAAAAAAAD-k/b-bX9QbxdhM/s1600/pimpcoin.jpg

http://news.firedoglake.com/2013/03/29/as-bitcoin-becomes-billion-dollar-market-america-moves-for-crackdown/

where do u think they come from, pal. bitcoin trees???

In a way, yeah?

Like, How much is this sack of mushrooms? Well, it's 35 B$. Ok, in my world a sack of mushrooms is fifty bucks, so the exchange for me is 7-10, but in Saudi Arabia, it's $200, so the value of my $35 is worth $200 Saudi dollars.

I didn't really think it all out, sure. Kinda got stuck on that sack of mushrooms, tbh.

Bitcoins aren't a fiat currency, really, it's just that each coin is representative of a unit of work completed. Unfortunately, that work only created a bitcoin.

do you have any idea how much work went into mining this ounce of gold

bitcoins are fiat-like tho arrnt thry

Bitcoins aren't a fiat currency, really, it's just that each coin is representative of a unit of work completed. Unfortunately, that work only created a bitcoin.

― ☠ ☃ ☠ (mh), Saturday, March 30, 2013 7:59 PM (3 hours ago) Bookmark

Howard: Well, there's no other explanation, mister. Gold itself ain't good for nothing except making jewelry with and gold teeth.

smiles

http://i42.tinypic.com/16583p.jpg

i thought this was really interesting, from the other bitcoin thread:

http://eprint.iacr.org/2012/584

Abstract: The Bitcoin scheme is a rare example of a large scale global payment system in which all the transactions are publicly accessible (but in an anonymous way). We downloaded the full history of this scheme, and analyzed many statistical properties of its associated transaction graph. In this paper we answer for the first time a variety of interesting questions about the typical behavior of users, how they acquire and how they spend their bitcoins, the balance of bitcoins they keep in their accounts, and how they move bitcoins between their various accounts in order to better protect their privacy. In addition, we isolated all the large transactions in the system, and discovered that almost all of them are closely related to a single large transaction that took place in November 2010, even though the associated users apparently tried to hide this fact with many strange looking long chains and fork-merge structures in the transaction graph.

Unreal hockey stick

Bitcoin’s programming ensures there can never be more than 21m coins in existence. Part of the “bubble” effect, no doubt, is linked to a realisation that we are quickly approaching that limit. According to the latest data from Bitcoin charts, for example, there are currently 10,986,175 bitcoins in issuance. Yes, we still have some room to go, but given exponential dynamics, the fact that we’ve reached the “half-way point” in supply is no doubt meaningful.

Wait, what? I've been reading about these things for a while and never knew this

http://www.visualcapitalist.com/wp-content/uploads/2013/04/bitcoin-encryption-standard.jpg

can someone explain to me the purpose of the mining thing? Does someone benefit from all these computers being used to "solve puzzles" or whatever?

the person who does the mining benefits? or am i misunderstanding you

i mean they get bitcoins for doing it

the mining is a way to limit the supply of bitcoins, making it more like gold or something, i think? btw please scrub my 'fiat' post from upthread i was confused there momentarily

So even if they had one each, the maximum number of Bitcoin users is 11m or something at the moment? Seems quite limited for an international currency.

the supply is limited by the fact of what a bitcoin is -- a value that can only be found by an intensive algorithmic process that takes a lot of computing power to complete. The bitcoins that "exist" aren't all found, yet, but due to the nature of the algorithm it's known how many will be found.

Imagine there's a mineral that we know for sure only exists in one mountain on the planet, and we know how it's distributed within the mountain, and the exact amount of it in there. Instead of abstract quantities, it's found in exact units that can't be broken down. The computers crunching numbers are like excavators, slowly strip mining the mountain. There's no shortcut to get directly to the mineral, and a particular amount of land has to be moved each time. The amount of land is greater, but the excavators will get more efficient over time, so there's somewhat of a balance.

And yeah, 11m bitcoins is rather limited

most of them are held by criminals, though

would it be correct to compare it to seeders in a torrent network? except that unlike torrents, you're not copying files but exchanging them?

oh noes criminals

yeah, the currency exchange is somewhat like that

http://maxkeiser.com/wp-content/uploads/2013/04/Screen-shot-2013-04-04-at-17.40.44.png

"pretty cool" - al gore

coinbase leaks users name and email: https://encrypted.google.com/search?q=site:https://coinbase.com/checkouts/

Your search - site:https://coinbase.com/checkouts - did not match any documents.

Suggestions:

Make sure all words are spelled correctly.
Try different keywords.
Try more general keywords.

There is a limited number of bit coins but that's not an issue as they can be used in decimal values. If it becomes huge you'll see prices or whatever like .00013 bit coins

OMG SO CHEAP ONLY POINT OH OH OH OH OH OH OH OH OH OH OH THIRTEEN OF A BITCOIN

Yeah, I think at the moment you've got 8 decimal places ('satoshis') to play with (even though some places aren't set up to take small fractions as payment). If it gets below that the protocol's got to be changed to allow it, as far as I can tell. Since ฿ is modelled on the way gold works, it attracts goldbug types, but it's essentially a speculative investment vehicle rather than a 'real' currency

The major problem as I see it is fractional reserve banking - if you can't create ฿s you can't loan them easily. So loans would have to be strictly transfers, unlike how it works now

Not a very noise post but I find this whole thing so fascinating

so loaning now isn't a transfer based business?

WE DO NOT INVEST IN OUTDATED FINANCIAL INSTRUMENTS: REAL ESTATE, COMMODITIES, BONDS, STOCKS

As far as I know, fractional reserve lending actually *creates* money which is then loaned - so I have cash in the bank at the same time that cash is travelling around. Some good comment threads around this

Here's a 'lender' right here - which I'd imagine is a transfer house rather than an actual lender

Just a reminder, fellas: Mother's Day is May 12.

lots of loans aren't fractional reserve actually! if i'm a private lender funding some business with a private loan, there's no fractional reserve component. fractional reserve isn't about loans (which involve actual cash transfer one way, then back the other) at all.

fractional reserve is about bank deposits and that's it. i deposit $100 in a bank. that bank then loans out e.g 90$. I still account for myself as having 100$, and the person that borrowed 90$ also now has 90$. They also have an obligation to pay that back in the future, but that doesn't net out from total money supply. So now there are $190 dollars circulating, effectively, since I can spend my money at any time, and the person with the 90$ can spend it too. This works because not everyone with deposits in a bank will be spending them at once. (sorry, econ 101 here). The same effect happens with any loan in fact. The difference is that if I hold a $90 IOU we don't count that as circulating currency, but my 90$ in the bank does count as such (because it is more fungible) even though effectively in both cases I don't have the actual physical cash but some financial obligation representing it. If I leant to a party whose IOU scrip was as good as currency, and freely exchangeable, then the same effect would occur with or without any government intervention or magic or anything. The crazies mystify the process so much that lots of misconceptions fly around regarding it.

There's no reason bitcoin is better or worse than dollars or gold or w/e else in being able to be banked fractional-reserve style.

Anyone could start a fractional reserve bitcoin bank tomorrow. The only problem is that people would have to trust them.

http://i.imgur.com/WYNgcYP.png

http://2.bp.blogspot.com/-NMag6mhoh90/Te7LUEniH8I/AAAAAAAAfcg/WFAey0N8FBA/s640/BitCoin+vs.+Future+of+Online+Currency+1.jpg

http://cdn.arstechnica.net/wp-content/uploads/2012/08/Layout_BitInstant_Card-640x787.png

http://printcoins.com/images/gallery/ron_paul_bill.jpg

back on track

http://www.listentobitcoin.com/

Felix Salmon on the bitcoin bubble: says bitcoin's effectively a commodity, not really a currency

https://medium.com/money-banking/2b5ef79482cb

"Early last week the value of Bitcoins soared past $100 each. This week, it went past $200. If you want a Bitcoin today, it will cost you about $235, and if you wait till tomorrow, it will be more."

http://bitcoinpride.com/media/queldorei/shopper/logo.png

http://i.imgur.com/b2w7tzR.png

buh-oh

the 10,000 BTC pizza order

print edition header of the chicago tribune business section today has a huge bitcoin symbol on it, will try and snap a pic

1.4 million dollar pizza order in today's bitcoin: http://blockchain.info/address/17SkEw2md5avVNyYgj6RiXuQKNwkXaxFyQ

Financial Times calls this '#000000 Wednesday'

that is really funny

so, what caused this crash? i know there was a programming hiccup that caused a slump some time ago

Rory R. O'Rourke ‏@Mejwell 1h

YO DUDES major bitcoin traders are attempting to stabilize market by buying huge swaths of bitcoin, like that FILTHY FED #bitcoin #btc

DDOS apparently
http://techcrunch.com/2013/04/10/bitcoin-crash/

The Tokyo-based exchange said last week that hackers are engaging in a strategy to manipulate the price of the currency: “Attackers wait until the price of Bitcoins reaches a certain value, sell, destabilize the exchange, wait for everybody to panic-sell their Bitcoins, wait for the price to drop to a certain amount, then stop the attack and start buying as much as they can. Repeat this two or three times like we saw over the past few days and they profit.”

"hackers"

im not sure that explanation makes any sense

sounds like basically just the shit that happens when you have a relatively liquidity but overcapitalized commodity. stockpiling, manipulation, etc.

not even necessarily intentional. price hits a certain amount and some big holders decide to take profits. maybe the downturn causes a few other people to act more quickly and dump their coins too. typically in a major market there are lots of other orders and algos and bots that tend to even things out and take advantage of these moves before they just throw everything around so wildly (which works until those algos all line up and multiply effects instead of mitigating them). but this isn't a major market with all those institutions trying to bleed out arbitrage and regulate movements and etc, and so when people act, it has sharp and catastrophic affects on the market.

noted leet haxor George Soros

It's really not a "hack" at all, it's more like penny stock manipulation

im not sure that explanation makes any sense
― lag∞n, Wednesday, April 10, 2013 5:43 PM

this should clear things up

http://siliconangle.com/files/2011/08/bitcoin-crash.png

http://www.naturalnews.com/gallery/300x250/Money/Coins-Crash-Money.jpg

http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2013/4/10/1365626013983/Bitcoin-010.jpg

problem is you can hold it imho

http://siliconangle.com/files/2013/01/bitcoin-hand-drop.jpg

that seems like a pretty good scam, brb, buying a few grand in bitcoins

buy low sell high breh

then dump enough of your stock to tank the market considerably and make people rush, then buy up more of them. rinse, repeat

what could go wrong

idk, people do this in Diablo 3 all the time

yo... anybody wanna trade some bitcoins

http://i.imgur.com/gdURUT9.pnghttp://i.imgur.com/gdURUT9.pnghttp://i.imgur.com/gdURUT9.png i got 3 bitcoins right here... will sell them for 20$ each

i have a 2010 silver bitcoin stashed in case everything goes 'the road'

oh nice... i missed out on the reservation list for those... still kicking myself...

i'm trying to remember if i heard of these before today.

I've been wondering a lot whether it would be possible to create a bitcoin that didn't have a fixed supply, like that self-expanded and contracted its supply according to some kind of algorithms/data. IDK what that would be based on, production in the economy? Value of transactions in Bitcoin?

There could be a long-running thing but such algorithmic finds are hard to balance. You could make a central bank, encode arbitrary strings, and award tokens to whoever decrypts them. That is usually a product of chance rather than a known unit of work, though.

http://bit.ly/11Wz5X0

fishing 4 bitc0ins http://techcrunch.com/2013/04/11/mt-gox-cross-site-scripting-attack-wipes-out-bitcoin-accounts/

Being a techie, I started researching.

ha yes

http://i.imgur.com/vCkuFAY.jpeg

coins on the bit / coins on the bit / bitcoins / bitcoins

http://mises.org/daily/6399/The-Moneyness-of-Bitcoins

"Thus, on the free market, commodity monies, and presumably gold and silver, still have a great comparative advantage."

cool conclusion austrian economist guy thanks.

lmao http://gawker.com/5994433/idiot-dick-facebook-twins-now-own-one-percent-of-all-bitcoin

another smash from the go-in brothers

that led them to sure Facebook

oh man good catch

http://www.businessinsider.com/why-bitcoin-speculators-laugh-at-anyone-who-calls-it-a-bubble-2013-4

lol

I think this subreddit should seriously consider having suicide hotline info posted. (self.Bitcoin)
No, bitcoin is not dead. But we've got some work to do. (self.Bitcoin)
Repeat after me - "I have no moral obligation to buy, hold, or sell Bitcoin just because others want me to do so." (self.Bitcoin)
Libertarian Party (United States) now accepting bitcoin. (lp.org)
I've been a trader for over 15 years and I never dreamed I'd see this chart again. Please be careful guys and gals. (i.imgur.com)
I adopted her yesterday with Bitcoin earnings. She's one of the most expensive purchases I've ever made. I'm thinking of naming her Bubble. (imgur.com)
The hypocrisy of the Bitcoin community (self.Bitcoin)
Bloomberg on Bitcoin Currency: Has the Bubble Popped? (youtube.com)
The Winklevii own 1% of bitcoins outstanding. (dealbook.nytimes.com)
Can people please stop handing out financial advice as if they were an expert. Stupid people are listening and getting burnt. (self.Bitcoin)
How to buy these cheap coins right now (self.Bitcoin)
Help phase out Mt. Gox. (self.Bitcoin)
Order Placing Suspended on MT.Gox (self.Bitcoin)
Who else didn't sell? (self.Bitcoin)
Now that the hype is gone and media will forget - can we focus on fixing some Bitcoin fundamental issue? (self.Bitcoin)
Lead Bitcoin Developer Comments on Bitcoin "Bubble" and Mocks Speculators (i.imgur.com)
Official: Bitfloor being DDoS'd (twitter.com)
Don't do anything drastic.. (reddit.com)
Winklevoss twins hold %1 of all bitcoins (theverge.com)
"I predict there will be between one and five Bitcoin bubbles" -Bitcoin Lead Developer Gavin Andresen, 2010 (self.Bitcoin)
Unfazed By Bitcoin’s Wild Swings And Mysterious Origins, Silicon Valley VCs Place Their Bets (techcrunch.com)
New Get Rich Quick Scheme: Create a currency that's pegged to Mt. Gox lag time. (self.Bitcoin)
The only thing that is holding bitcoin back is the way it has to be purchased. (self.Bitcoin)
Bitcoin Crash Spurs Race to Create New Exchanges (cnbc.com)
MTGOX gloats about its "success" after screwing over entire Bitcoin community (self.Bitcoin)

wow

this is as good as sports tbh

The most you can lose if Bitcoins go to zero is 100% of your money.

The most you can make, meanwhile ...

Well, no one knows exactly how much you can make.

But it's probably a lot more than 100%.

lol agreed. schadenfreude at its finest xp

the CEO of Business Insider

"I've always estimated the final price of a Bitcoin at between $10,000 - $1,000,000 maybe 5-10 years from now. The low end being based on the size and volume of Western Union, PayPal, Visa/MasterCard. And the high end being based on the total global gold supply."

http://www.reddit.com/r/Bitcoin/comments/1bo02h/why_1000_in_60_days_a_paypal_comparison/c98fm0w

ceo of business insider and former fraudulent securities analyst describes bubble says hey maybe bubbles are okay cause some guys will make money

good guess!!! xp

are there bit cents too cause dont these prices make these things hard to spend

you can spend them in fractions iirc

they go down to the 8th decimal place. I think 8th decimal unit is called a satoshi?

gesundheit

http://blogs.miaminewtimes.com/shortorder/bitohoney.jpg

they go down to the 8th decimal place. I think 8th decimal unit is called a satoshi?

― Matt Armstrong, Friday, April 12, 2013 12:12 AM (3 minutes ago) Bookmark Flag Post Permalink

ok if they all have names im ready to jump on the bandwagon

http://coinabul.com/images/bitcoin_flyer5.png

haha oops that's big

I kinda hope those crazy kids bring it back from the brink (or just claim BitCoin was one long elaborate Situationist prank)

Sailing dangerously close to goatse territory there xxp

I kinda hope those crazy kids bring it back from the brink (or just claim BitCoin was one long elaborate Situationist prank)

― Elvis Telecom, Friday, April 12, 2013 7:32 AM Bookmark Flag Post Permalink

like if the last bitcoin mined caused all the bitcoins to dissipate, and then a message flashed on everyone's computer screens, and "peace on earth" was all it said

be excellent.

and then it cuts to a man in a top hat with a twirly moustache, sitting at his computer, and steam shoots out of his ears

http://money.cnn.com/2013/04/12/investing/bitcoin-bubble/

The price of Bitcoins has plunged more than 75% in the past two days, sparking a rush of activity that overwhelmed trading platforms and suggested the bubble in the virtual currency has burst.
Bitcoins were down to $61.11 as of 9 a.m. ET Friday. Prices reached as high as $266 per Bitcoin around 7:30 a.m. ET Wednesday. But the price started to fall through the rest of day and Thursday morning.

lulz

it's semi tempting to try jumping into this when the price hits the teens, because you know someone is going to prop it up for a bit and you could probably double your money on a quick turnaround

id be worried that the failure of the trading infrastructure could scare a lot of people off

there's that and also the govt could step in any day

it's semi tempting to try jumping into this when the price hits the teens, because you know someone is going to prop it up for a bit and you could probably double your money on a quick turnaround

― relentless technosexuality (DJP), Friday, April 12, 2013 10:26 AM Bookmark Flag Post Permalink

yeah, this sort of thinking is always tempting, that's why these things keep happening. If I had an extra thousand dollars lying around, why not. I never seem to have that extra thousand dollars lying around.

i suggest taking your money and investing it in the other commodity that mt. gox is famous for: magic cards

What I do know, though, is that I've watched penny stocks do the hockey stick thing a hundred times and thought to myself "this went up 10000% in one day, all the attention will make it go up even more as money pours in!" and then it crashes. I lost a small amount of money this way once.

might as well just go to a casino and put the money on red

i suggest taking your money and investing it in the other commodity that mt. gox is famous for: magic cards

the benefit of this approach is you can play w/ your investment every day

what are bitcoins useful for, besides buying drugs on the internet with

xp Basically agree, except in the casino you know your exact odds and how bad they suck. With a bubble you actually have no idea what the odds are in most cases, you're just firing in the dark.

you can buy some other stuff w them too, tho they are not v widely accepted

the only appealing thing about bitcoins is maybe spending $1000 on a bitcoin miner computer and a couple hundred on electricity a month

seems like in every transaction where u had the choice to use bitcoins or paypal u'd just use paypal

when bitcoin is used in transactions it's done out of novelty not because it's actually useful

well except for buying drugs

yeah I guess nobody really knows how much of that is going on

yeah... or hookers

that was real nice, babe. log on to my computer and take some of my bitcoins. dont click on the folder that says 'vacation pics' though

I would guess 'not that much' because even drug dealers would prefer to deal in stable currencies

can't hit the club and make it rain bitcoins

well i guess dealers would prefer to receive bitcoins (for the security) and then be able to cash out the bitcoins into a stable currency

it's probably teenagers growing pot in their basement who accept bitcoins

I would guess 'not that much' because even drug dealers would prefer to deal in stable currencies

― iatee, Friday, April 12, 2013 11:02 AM

noobs: http://en.wikipedia.org/wiki/Silk_Road_(marketplace)

add the parentheses to the end cuz ilx code is garbage

gold is at a multiyear low now fwiw speaking of bubbles perpetuated by paranoid idiot libertarians

what about wow gold

all gold is wow gold cause you say wow! when you see it, its so soft when you bite into it, smooth going down

http://i.imgur.com/bBTj23e.jpg

one funny thing abt bitcoins is what % of them were minded using illegal botnets a lot i bet

http://i.imgur.com/59ZCAfA.jpg

http://i.imgur.com/PtlV0ZA.jpg

what do you mean by an "illegal botnet"? You mean like using other people's processing power to mine them?

yah zombie computers and what not

http://i.imgur.com/uW7JYr6.jpg

hurting: http://en.wikipedia.org/wiki/Botnet

u know what this virtual currency needs a print magazine totally

One thing I've been wondering is how long it will take for competitor currencies to spring up. It'll be like the old days with bank notes.

if you look at new varieties' prices over the past century or so (where Tulipomania could have no effect), you'll see plenty of extraordinarily high prices for new blubs; claims of bulbs costing a year's salary, when not made up by said moralizing pamphlets, may stem from ignoring this fact of life. It would be like thinking that America's economy collapsed in 2007 due to speculation in automobiles because centuries later, you found some fragmentary records documenting Mercedes-Benz sales ("$60,000 for an automobile?! Why, that's well above the median salary of a common American laborer!")

Currencies had recently been abased by constant warfare and were inflating; getting into commodities is merely a rational move. (Hm... surely this has no parallels with bitcoins or food or gold prices over the last 5+ years?)

Plague struck the Netherlands at the same time as the 'bubble' was happening; plagues will rather increase your discount rate... Why not try to get some beautiful tulips if you may die within the next years?

Speculators may've done it as much for amusement during the winter as anything else. Given the enormous size of the entertainment industry the world over, Tulipomania may have been a bargain.

http://i.imgur.com/ZxTrAXL.jpg

One thing I've been wondering is how long it will take for competitor currencies to spring up. It'll be like the old days with bank notes.

― --808 542137 (Hurting 2), Friday, April 12, 2013 11:18 AM (7 seconds ago) Bookmark

u need some math whizzes to come u pwith these things i think

there are already some apparently

http://i.imgur.com/kePF4Hz.jpg

http://i.imgur.com/QJQA4Cj.jpg

bitcoin more like BLOODCOIN

http://i.imgur.com/wlyH7JN.jpg

http://i.imgur.com/C8bUhEz.png

well the whole thing about bitcoin is it works because of the network effect, if enough competitors spring up then people are gonna lose faith in all of them

http://i.imgur.com/iwrU8zI.png

http://i.imgur.com/DhfgjBj.jpg

http://i.imgur.com/o45Gshr.jpg

can somebody explain to a total moron how bitcoin mining works

http://i.imgur.com/yUBBd8x.jpg

in america its bitcoin but out here its bit bang

http://www.reddit.com/r/Bitcoin/comments/1c7ahh/we_are_mt_gox_ama/

well the whole thing about bitcoin is it works because of the network effect, if enough competitors spring up then people are gonna lose faith in all of them

― iatee, Friday, April 12, 2013 11:20 AM Bookmark Flag Post Permalink

sure, but that doesn't mean it won't happen

I'm actually hoping (against reason) that the bitcoin fiasco will teach a generation of money skeptics about how money actually works

can somebody explain to a total moron how bitcoin mining works

― frogbs, Friday, April 12, 2013 11:22 AM (4 seconds ago) Bookmark Flag Post Permalink

its a lottery basically, every so often a new bitcoin is minted and the more computer cycles you have entered into the lottery the better your chances of winning are

http://i.imgur.com/0Qy870N.jpg

http://i.imgur.com/sQt0gyr.jpg

Idea: novelty machine that presses your bitcoin into a gif of the statute of liberty. Only ten bitcoins.

sure, but that doesn't mean it won't happen

I'm actually hoping (against reason) that the bitcoin fiasco will teach a generation of money skeptics about how money actually works

― --808 542137 (Hurting 2), Friday, April 12, 2013 10:24 AM (1 minute ago) Bookmark Flag Post Permalink

right I agree on both counts. if anything I think it's *likely* to happen.

http://i.imgur.com/MTTU32e.jpg

afaik there are trace amounts of Bitcoin in air & you use fans to blow them into your computer

http://25.media.tumblr.com/tumblr_m7cgsnnTOo1ryrmmno1_500.jpg

http://i.imgur.com/kiyOr2R.jpg

http://i.imgur.com/XfD2Nst.jpg

http://i.imgur.com/fK347Nm.png

its a lottery basically, every so often a new bitcoin is minted and the more computer cycles you have entered into the lottery the better your chances of winning are

― lag∞n, Friday, April 12, 2013 10:24 AM (4 minutes ago) Bookmark Flag Post Permalink

and how often do they get minted?

http://i.imgur.com/fX9BADY.png

http://i.imgur.com/Kk4Nvk8.jpg

and how often do they get minted?

― frogbs, Friday, April 12, 2013 11:30 AM (1 minute ago) Bookmark Flag Post Permalink

the frequency is continually slowing down until at some point it will stop, all based on factors and formulas and stuff

http://i.imgur.com/rfp1i4S.png

http://i.imgur.com/kni6MqQ.jpg

http://i.imgur.com/aWqSKUZ.jpg

MAJOR:

-BTC Bitcoin - first, strongest, most accepted, most mined, high volume market, a true currency
-LTC Litecoin - second only to BTC , faster than BTC, Small efficiency gap between GPUs and CPUs , ASIC - proof
-NMC Namecoin merged mined with BTC, used for alternative p2p domain system
-PPC PPcoin Proof Of Stake [very innovative, low energy ] , compatibile with BTC miners

MINOR:

-TRC Terracoin based on BTC, fast difficulty adjustment, initialy flaved but corrected
-DVC Devcoin merged mined with BTC, 90% of generation goes to foundation, 10% to miners
-IXC IxCoin merged mined with BTC, premined 580k coins but still alive
-NVC NovaCoin - scrypt hashing[like LTC] , proof of stake [like PPC] , controversial start
-FRC Freicoin - back alive. 4.89% anual demurrage. for the first 3 years 80% block subsidy goes to foundation, 20% to miners

CANDIDATES:

-BTE Bytecoin- the 1:1 bitcoin copycat, nothing changed. extremally high starting hype/hashrate.
-BBQ BBQCoin - forgotten after 51% attack on launch, now revived and active.

DEAD / DYING :

-LQC Liquidcoin made to be very fast at constant difficulty, dead [pool closed, exchange closed]
-SC Solidcoin - dying (10-20% fee), designed to improove IxCoin, hard to be neutral on this one, 1.0 was a premine scam, 2.0 says BTC is pyramid scheme.
-GG Geist Geld experiment on BTC algorithm, how fast can it go? just for sience.
-TBX Tenebrix great idea of cpu-friendly mining with scrypt, but premined with 7.7milion coins - alive but little support due to premining
-FBX Fairbrix - Tenebrix without the premine, bad launch, alive but little support.
-I0C I0coin - ixcoin without the premine. Dead
-CLC Coiledcoin - some nice ideas, but killed in 51% attack
-RUC Rucoin - copy of bitcoin, only difference is that it was developed in russian not english.than reborn much different, not confirmed if it is the same blockchain, both scrypt[like LTC] and sha256d , nice client !warning! not opensource ! dying again
-TimeKoin - PHP webbased coin, alive but not used or traded.
-Beertokens -abitious [impossible?] try to stabilize price against commodity.
-MMM MMMcoin - Dead coin by notorious scamer SPMavrodi, named "yes we can" "my mozem mnogoye"

http://i.imgur.com/9n6xL9w.png

http://i.imgur.com/H7eGjj6.png

http://i.imgur.com/AajUnnS.jpg

http://i.imgur.com/G9JSCRI.jpg

the frequency is continually slowing down until at some point it will stop, all based on factors and formulas and stuff

Somebody has been reading business insider

you have iirc

ha, that graph is great, xp

theres no such thing as smart money

yes there is, it's called bitcoins iirc

tru

bitcoins

Now I've had the time of my life
And I owe it all to you you you you you you you you
Dirty bit(coin)

http://i.imgur.com/XJv3KQo.jpg

http://i.imgur.com/il3yano.png

keeper

http://stripcoin.com/

but dude feels no obligation to shave that shitsmear off his face

http://i.imgur.com/g48H0Cc.jpg

why is "pedobear :D" making me lol so hard

http://i.imgur.com/U52iOyp.jpg

http://i.imgur.com/BmZHq59.png

i could totally see this being a fascination if i were a kid. mystical computer moneytree. like polybagged x-force #1

bitcoin.txt ‏@bitcoin_txt 5m
we all know its only a matter of time before BTC surges back up past 266 this time. When will the next 'bubble' (holds back laughter) be?

all of these nerds literally made $386,720.58 overnight so

http://i.imgur.com/59ZCAfA.jpg

this sign looks hella banged up, like somebody went at it with an ice pick

ppl were flinging their bitcoins at it

all of these nerds literally made $386,720.58 overnight so

― sleepingbag, Friday, April 12, 2013 12:09 PM (31 seconds ago) Bookmark Flag Post Permalink

really did all of them literally

in total, he means

really did all of them totally

no each one of them made that exact sum is what i meant

i may not be operating on the right metaphysical plane here but idg how this is any less of a mass consensual delusion than any other currency

it's much more of one!

well its doesnt have any sort of justice system and military backing it up for one thing

doesn't it have... all of them? think abt it

not that i think mass consensual delusion is a very accurate was to describe currency, its an intentional system not a delusion

i think the question is why would you want to hold bitcoins if u were not 1.) speculating or 2.) buying drugs

I'm going to buy a giant warehouse and fill it with straw, and then create a currency called Strawcoin. Unlike other currencies, backed only by trust, mine is backed 100% by real straw. And there will be photos of me, in a ten-gallon hat, gesturing grandly to my endless piles of straw.

doesn't it have... all of them? think abt it

― goole, Friday, April 12, 2013 12:22 PM (56 seconds ago) Bookmark Flag Post Permalink

well i mean if you steal some sure but thats true of anything you can steal, its doesnt have any of the if we all stop believing in this it wont be real protections that usa currency does is the point

http://i.imgur.com/MRS10Nx.png

can somebody teach me how to google

― frogbs, Friday, April 12, 2013 11:22 AM

i think the question is why would you want to hold bitcoins if u were not 1.) speculating or 2.) buying drugs

freedom

http://i.imgur.com/eEPcCp3.jpg

omfg

dying over here

call me bitcoin

i just can't imagine how it's possible to buy anything with this "currency" as long as it doesn't reach some stable value. it's just fake gold at this point right?

send me n00z and i will teach u how to bitcoin

i do find this interesting on some level, and would honestly feel pretty bummed if US currency authorities brought the hammer down.

better to sort of pretend it doesn't exist. if vendors want to give away their goods or services because somebody came in with their magic internet coupons, i mean, who cares.

xp omggggggggggggg

fwiw I don't agree with people who say it's "not a currency." It is a currency, it's just a really, really shitty one.

its not a currency its a commodity tho

I need to get up on this shit immediately

http://i.imgur.com/UcVtkEx.png

one comment i read somewhere likened it to making up a really tiny fictitious country out of nothing, for forex purposes.

its not a currency its a commodity tho

― lag∞n, Friday, April 12, 2013 11:29 AM (37 seconds ago) Bookmark Flag Post Permalink

you will not be surprised to learn that bitcoiners hold felix salmon in pretty low esteem!

i think the question is why would you want to hold bitcoins if u were not 1.) speculating or 2.) buying drugs

― 乒乓, Friday, April 12, 2013 12:23 PM (2 minutes ago)

just a bit of coin let's be cool

http://images.bwbx.io/cms/2013-04-10/mf_bitcoin16__01__630x420.jpg

i do find this interesting on some level, and would honestly feel pretty bummed if US currency authorities brought the hammer down.

― goole, Friday, April 12, 2013 12:27 PM (1 minute ago) Bookmark Flag Post Permalink

what could they do is the question, shut down some exchanges, make it illegal to accept thm, but not all of them are under their jurisdiction, and the bitcoin audience being what it is im sure theyd find ways to set up new safe ones anyway, of course if the whole thing gets too difficult it would def impede mass adoption, anyway i agree and hope that they leave it alone cause its an interesting an hilarious experiment

and what IS a bitcoin, really? it's a really long guid that can be followed around somehow, right? idk i should probably at least read the basics before digging into the insane-o rightwing message board discourse on it (too late)

I have started to hear of this Peter Thiel character over the past year or so, and I have been impressed with his intellect and his focus on issues that our dear to our hearts, here on this forum.

Clearly he has not yet grasped the full impact, if he is still thinking of Bitcoin and Gold as competing things, instead of thinking of Bitcoin as a new technology that will someday be used for transferring gold. The Bitcoin community and the digital gold community are going to merge. The whole will be greater than the sum of its parts. Both commodities have important roles to play in a larger picture of things. Those who still think that it will be "one community or the other" have not yet grasped the full implications of what is happening.

However that is no matter, because soon everyone will come around, and probably Mr. Thiel sooner than most.

I am dipping you in Bitcoins!

its not a currency its a commodity tho

― lag∞n, Friday, April 12, 2013 11:29 AM (37 seconds ago) Bookmark Flag Post Permalink

you will not be surprised to learn that bitcoiners hold felix salmon in pretty low esteem!

― goole, Friday, April 12, 2013 12:30 PM (1 minute ago) Bookmark Flag Post Permalink

yeah i mean a lot these people prob want a return to the era of there being no difference between currency and commodities

wtf is "digital gold"

its not a currency its a commodity tho

― lag∞n, Friday, April 12, 2013 12:29 PM Bookmark Flag Post Permalink

the arguments I've heard for this strike me as nonsense. currencies predate central banks. currencies can be hoarded. currencies can be badly managed, have inadequate liquidity, etc. All of these things have happened in the past. It's more a currency than a commodity, it's just a really crappy one because it lacks adequate flexibility/liquidity.

and what IS a bitcoin, really? it's a really long guid that can be followed around somehow, right? idk i should probably at least read the basics before digging into the insane-o rightwing message board discourse on it (too late)

― goole, Friday, April 12, 2013 12:32 PM (1 minute ago) Bookmark Flag Post Permalink

the nyer piece from a while ago is really good

wtf is "digital gold"

― Call me at **BITCOIN (DJP), Friday, April 12, 2013 12:34 PM (19 seconds ago) Bookmark

the name of a future daft punk greatest hits record?

btw has anyone tried dialing **BITCOIN yet

the arguments I've heard for this strike me as nonsense. currencies predate central banks. currencies can be hoarded. currencies can be badly managed, have inadequate liquidity, etc. All of these things have happened in the past. It's more a currency than a commodity, it's just a really crappy one because it lacks adequate flexibility/liquidity.

― --808 542137 (Hurting 2), Friday, April 12, 2013 12:35 PM (24 seconds ago) Bookmark Flag Post Permalink

youre just talking about an antiquated definition of currency, the gold standard etc, bitcoins are a commodity not a currency by contemporary standards

xp anyway it's kind of a semantic argument. I guess I'm splitting hairs between "unsuccessful currency" and "not currency"

in that theres a finite amount of them, theres no central bank etc

what could they do is the question, shut down some exchanges, make it illegal to accept thm, but not all of them are under their jurisdiction, and the bitcoin audience being what it is im sure theyd find ways to set up new safe ones anyway, of course if the whole thing gets too difficult it would def impede mass adoption, anyway i agree and hope that they leave it alone cause its an interesting an hilarious experiment

― lag∞n, Friday, April 12, 2013 11:32 AM (4 minutes ago) Bookmark Flag Post Permalink

even shutting down a few exchanges will cause the whole thing to tank

of all the trade done by bitcoins what %age of it is via one of the bitcoin-to-dollar exchanges?

yeah if you can't make any ol' transaction with them w/o going thru an exchange, it's not really a currency, is it? "not yet" yeah yeah

I think you can make transactions with them without "going through an exchange" -- the exchanges are just where you buy them with dollars, euros, etc., no?

I mean, you know, only on sites that "accept bitcoins" but

even shutting down a few exchanges will cause the whole thing to tank

― iatee, Friday, April 12, 2013 12:37 PM (2 minutes ago) Bookmark Flag Post Permalink

yah this is prob true, or at least theyd go back to being worth 50cents and only traded by hardcore enthusiasts and people who want to buy drugs over the internet

gimme pound gimme pound gimme bitcoin gimme yen

hurting: yeah that wasn't what i meant, oops. what &age of people selling things for bitcoins are selling them for bitcoins and not for 'the bitcoin equivalent of x dollars', i guess is what i wanted to ask.

people will meet under the bittonwood tree

i just met you
and this is crazy
but here's my bitcoin public key

yeah if you can't make any ol' transaction with them w/o going thru an exchange, it's not really a currency, is it? "not yet" yeah yeah

― goole, Friday, April 12, 2013 12:39 PM (2 minutes ago) Bookmark Flag Post Permalink

even if you could buy anything with them theyd still be a commodity, like if you could spend gold anywhere it still doesnt make it a currency like say the us dollar is, obvs theres a gray area there but thinking of them as a commodity is much more illuminating and explains things like their current wild swings in value

http://i.imgur.com/75z5P0y.jpg

going old school:

Don't make me wait
Come into my house
GIVE ME BITCOIN

this all so... ron paul

http://i.imgur.com/9kCSLZ6.jpg

http://i.imgur.com/xvs4TgX.gif

http://i.imgur.com/UChMe9P.jpg

https://twitter.com/BItcoinJobs

http://www.bitcoinjobs.com/

http://i.imgur.com/DdKAEOj.png

http://i.imgur.com/vM1Zilm.png

dear god

http://i.imgur.com/XdkOWod.jpg

http://i.imgur.com/bPm706y.jpg

strawberries were first marinated in a mix of mountain dew and cheetos dust

straw poll, would you eat those berries

fuck no

http://i.imgur.com/Mgftcqh.png

lmao begging for bitcoins on ok cupid is really next level

its like ten levels ahead

other than drugs and maybe online gambling what the hell do you even use a bitcoin for

if you buy a bitcoin today by this time tomorrow it will be worth $72,000

tbqh idg these people who want to be having drugs sent to them in the mail

begging for bitcoins and the opportunity to maybe rape someone, is the thing that's blowing my mind

all the bases are covered

also the photgraph

tbqh idg these people who want to be having drugs sent to them in the mail

its so cold out and its raining

just cause im wearing a mask pointing aggressively and sometimes think yes means no doesnt mean im going to rape you, come on just give me a bitcoin

http://i.imgur.com/TPqU7Dy.png

tbqh idg these people who want to be having drugs sent to them in the mail

― lag∞n, Friday, 12 April 2013 17:03 (7 minutes ago) Bookmark Flag Post Permalink

a lot of silk road transactions are study drugs i think?

wtf art thou, Romeo?

dayo you're making a calendar out of these, right

where are those amazing okcupids coming from

okcgoldmine.com

DJP yah u can pay me in bitcoins @ 31uEbMgunupShBVTewXjtqbBv5MndwfXhb

http://i.imgur.com/R6kEKrH.png

O: http://www.okcupid.com/profile/bitcoin

The six things I could never do without
Connectivity, Laughter, Food, Friends, Cats, Caffeine

poll imo

where'd frogbs go

http://i47.tinypic.com/2j12b0p.jpg

really tempted to make a fake okc account and go looking for ppl who list bitcoin in their profile

'fake'

:)

fyi dont do an image search for "bitcoin tattoo" if you are at work

BitcoinLiker

http://i.imgur.com/Vcg79I2.png

fortunately "bitcoin brony" does have search results

http://www.thepetitionsite.com/131/780/662/make-buck-accept-bitcoin-for-ticket-payments/

http://fc07.deviantart.net/fs71/i/2011/178/9/d/the_bitcoin_comic_by_z1xwitch_by_z1xwitch-d3k4pzd.png

comedy

http://data.cnbc.com/quotes/MTGOXUSD

http://i.imgur.com/2HzUGkM.jpg

really not laughing at that one

http://i.imgur.com/M8HnMGX.png

i don't think back in the cyberpunk 80s gibson et al really saw how fucking lame-o the internet would be

Neal Stephenson kind of nailed tho

lol nailed IT

I have started to hear of this Peter Thiel character over the past year or so, and I have been impressed with his intellect and his focus on issues that our dear to our hearts, here on this forum.

You're just trolling here, right?

http://www.businessinsider.com/here-are-the-biggest-republican-donors-in-the-tech-industry-2012-9?op=1

once Thiel's libertarian island collapses we can make it noize island

xpost
pretty sure that was a quote

elvis, i was quoting someone!

http://davelinabury.com/wp-content/uploads/2011/05/lemonade.jpg

lol at thiel throwing millions down the ron paul money hole

he throws money at a lot of stupid things tbf

true

shd spend it all on noise island imho

acha OK!

i thought thiel was infamous for saying that there is nothing more to blow money on because the US is sclerotic and stupid and unfree

new thieland

Is my deep hatred of libertarians stopping me from getting rich? Ultimately I don't think it would matter.

i don't think back in the cyberpunk 80s gibson et al really saw how fucking lame-o the internet would be

― goole, Friday, April 12, 2013 2:52 PM (Yesterday) Bookmark Flag Post Permalink

A++ would laugh again

http://www.bloomberg.com/news/2013-04-12/virtual-bitcoin-mining-is-a-real-world-environmental-disaster.html

http://blogs.reuters.com/felix-salmon/2013/04/12/counterparties-to-coin-a-phrase

http://qz.com/74137/six-reasons-why-chinese-people-will-drive-the-next-bull-market-in-bitcoin/

thats an unforuntate article

3. Insane speculation schemes aren’t so crazy to many Chinese people.

"it's just like gold farming see..."

http://qz.com/74137/six-reasons-why-chinese-people-will-drive-the-next-bull-market-in-bitcoin/

― Chuck E was a hero to most (s.clover), Sunday, April 14, 2013 3:10 PM Bookmark Flag Post Permalink

My old boss used to mock stuff like this with the phrase "chinese math", which in spite of its slightly offensive ring, didn't really have anything to do with stereotypes of chinese people, but described the phenomenon (I guess going back to the 80s?) of people saying "There are a billion Chinese! If I can get just 1% of them to buy one of my pencils for $1 each, that's $10 million!"

problem is most chinese would never spend $1 on a pencil

and if it is a really great pencil at $1, can I buy a locally-made one that looks about the same for 2 cents?

when r chinese gonna be ready for artisanal pencils can i set upa google alert

well I think the larger point was how dumb it was for a person to think he could crack a market merely because it was really large

can I invest in the counterfeit bitcoin market

well I think the larger point was how dumb it was for a person to think he could crack a market merely because it was really large

― --808 542137 (Hurting 2), Monday, April 15, 2013 11:41 AM (1 hour ago) Bookmark

the point isn't racist in and of itself, but the thing that it's talking about is kinda racist (treating a "people" as a commodity) is, and despite criticizing that, it still kinda gets a bit of it on its sleeve

FOR IMMEDIATE RELEASE: Social Network MyGirlFund Now Accepts Bitcoin

MyGirlFund expects members to embrace Bitcoin’s privacy and security

LOS ANGELES, Calif., April 15, 2013 -- MyGirlFund, a rapidly growing social network for adults, has introduced a new payment option: Bitcoin. A digital currency that can be bought with or converted into cash, Bitcoin offers total purchasing anonymity, a compelling feature for users who value their online privacy.

“Providing members with a safe, discrete and secure environment to interact and transact is a top priority at MyGirlFund,” says Director of Business Development Stefan Patrick. “Bitcoin’s anonymous transactional platform enables our members to make intimate connections and buy unique custom content without leaving a footprint.”

https://pbs.twimg.com/media/BH-kCJQCUAAo0YI.jpg

the what

the berlin pay wall

need a picture with reagan demanding this wall be torn dow n

Mr. Sulzberger, Tear Down This Paywall

l-r Bitcoin, Global Pay Wall

http://gracetopia.files.wordpress.com/2011/09/wallervbatman2.jpg

so in 2027 the globe will be one of the most culturally rich globes in the world

2037

let's say 2039 and that's my final offer

i forgot about another potential ave for bitcoins http://www.reddit.com/r/Bitcoin/comments/1cgcoh/support_trying_to_get_kinkcom_to_accept_btc_post/

bitfloor.com has shut down

there should be a superhero whose main power is to make people feel indicted, guilty and unsure of how best to respond

few of those around here already

Łitecoin?

http://i.imgur.com/i1BPIut.png

good idea

do those come with a complimentary "i'm a douche" badge to be worn proudly?

http://kotaku.com/e-sports-league-mined-bitcoins-with-subscribers-comput-486205191

haha

if they just allocated a small amount of gpu then they might have gotten away with it for years but no they had to go for the big coin, three thousand whole shiney dollars

http://online.wsj.com/article/SB10001424127887323687604578469012375269952.html?mod=e2tw

http://i.imgur.com/lVSpwHz.png

http://static.guim.co.uk/sys-images/Guardian/Pix/audio/video/2013/3/22/1363962767702/Bitcoin-developer-Amir-Ta-015.jpg

http://i.imgur.com/rMYRPz9.png

Not 'Bacoin'? For shame.

http://i.imgur.com/EY1It1N.png

got paper. now to sit back and watch the value soar.

omg jealous

http://spectrum.ieee.org/computing/networks/the-bitcoin-arms-race-is-on

it would be funny if CERN took a long spring break and just switched over to bitcoin minimg.

^^^ not a bad idea

self funding atom smasher, the new album from sugar ray

welp

http://gawker.com/feds-seize-assets-of-worlds-largest-bitcoin-exchange-506790294

q: what did mt.gox stand for, when it was a magic card exchange? "magic the gathering open exchange", i'm guessing?

magic the gathering online exchange

oh of course, online. from the time when you had to name things 'online' that were online

http://i.imgur.com/yse1e6t.jpg

1 make a wrist computer powered by an accelerometer
2 make everyone in your zumba class wear it
3 call it zumbitcoin and charge $25 per class but you get to keep the bitcoins you mine
4 PROFIT

http://network-tools.com/320x50.jpg

http://static.adzerk.net/Advertisers/40bbe66672a54236aa8db74e9cafad92.jpg

U.S. Says Firm Laundered Billions
Digital-Currency Group Is Accused of Moving Illicit Cash for Hackers, Drug Dealers and Others
http://online.wsj.com/article/SB10001424127887323855804578511121238052256.html

http://si.wsj.net/public/resources/images/MI-BW218_LIBERT_G_20130528183905.jpg

hi im joe bogus

seems legit

hi im joe bogus

― joe bogus (am0n), Thursday, May 30, 2013 3:22 PM Bookmark Flag Post Permalink

forgotten snoopy alter egos

"You have my word on it!"

http://upload.wikimedia.org/wikipedia/en/5/59/David_Leisure_Joe_Isuzu_Resized.jpg

fbi said when they set up the joe bogus account they listed its purpose as 'for cocaine'

lmfao

An online money service accused of laundering £4 billion for criminals was so corrupt that an undercover agent joined under the name “Joe Bogus” of “123 Fake Main Street” in “Completely Made Up City”, a court heard today.

In his application to Liberty Reserve, which was accepted, the agent described currency transactions as “ATM skimming work” and “for the cocaine”.

*has sudden urge to write hard-boiled modern noir series about Joe Bogus"

phone: 800-8135

http://i.imgur.com/8UgjOBg.png

https://www.youtube.com/watch?v=6WTdTwcmxyo

http://www.reddit.com/r/Bitcoin/comments/1fbeqt/

worlds collide

wow! comments on that Reddit thread are every high school political discussion ever.

I notice a lot of pickup artists are libertarians and quite a few are into Bitcoin. Once you stop letting the establishment tell you how to think, the whole fabric of conventional wisdom tends to start unraveling.
Pickup advice for BTC (fee-based or just tips) could be a great service since everyone has special situations and useful tailored advice can often be given in a few seconds.

great service

Market opportunity: Dating site OKCupid wants to help Bitcoin users find love

countdown to the first Bitcoin-accepting escort service in 5...4...3..

i'm sure its already been done

http://assets.sbnation.com/assets/2649159/btc-billionaire-300.jpg

https://soundcloud.com/ytcracker/ytcracker-bitcoin-baron-v1-ssl/s-tJ9p5

http://i.imgur.com/NoimRZj.png

http://i.imgur.com/187q31Z.png

why does that make me so angry

http://www.justice.gov/opa/pr/2013/June/13-crm-721.html

Michael Mancil Brown was indicted today by a federal grand jury in Nashville, Tenn., for allegedly engaging in an extortion and wire fraud scheme involving former Presidential candidate Mitt Romney’s tax returns, announced Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division and Todd Hudson, Special Agent in Charge of the U.S. Secret Service, Nashville Field Office.

Brown, 34, of Franklin, Tenn., was charged in U.S. District Court in the Middle District of Tennessee with six counts of wire fraud and six counts of extortion.

The indictment alleges that Brown devised a scheme to defraud Romney, the accounting firm of PricewaterhouseCoopers LLP and others by falsely claiming that he had gained access to the PricewaterhouseCoopers internal computer network and had stolen tax documents for Romney and his wife, Ann D. Romney, for tax years prior to 2010.

According to the indictment, Brown allegedly caused a letter to be delivered in August 2012 to the offices of PricewaterhouseCoopers in Franklin. The letter demanded that $1 million worth of the digital currency Bitcoin be deposited to a specific Bitcoin account to prevent the release of the purportedly stolen Romney tax returns. The letter also invited interested parties who wanted the allegedly stolen Romney tax documents to be released to contribute $1 million to another Bitcoin account.

The indictment alleges that Brown delivered similar letters to the offices of the Democratic and Republican parties in Franklin and caused similar statements to be posted to Pastebin.com.

The charges contained in the indictment are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

This case was investigated by the Nashville Field Office of the U.S. Secret Service with assistance from the Nashville Resident Agency of the FBI. The case is being prosecuted Senior Counsel Anthony V. Teelucksingh of the Criminal Division's Computer Crime and Intellectual Property Section and Assistant U.S. Attorney Byron Jones of the Middle District of Tennessee.

http://25.media.tumblr.com/b37b1aea0ad22d52161b76c98e8365e6/tumblr_mqq88rde7t1rtih03o1_400.jpg

http://www.thesundaytimes.co.uk/sto/multimedia/dynamic/00355/B14BITCOIN_355061k.jpg

http://i.imgur.com/UyDsDVl.jpg

hahaha what

is this like teaching the homeless guy to code

https://twitter.com/SteveStreza/status/370254847649406977

Gannon Burgett ‏@gannonburgett 23h
@SteveStreza Agreed. It was once my go-to source and now it’s just become a clusterfuck of ignorant thoughts and useless blabbering.

"go-to source"

i get all my news from medium

we still have svbtle guys

lol i just brought that up over on the medium thread

haha yeah i just saw that

medium.com: reddit for the coastal elite

mind = blown

dammit, late to the game, carry on everyone

http://24.media.tumblr.com/0aec42eb721c9669c605dba1c635fe14/tumblr_mu01s9HaR21qzeo2zo1_1280.png

please, more information

thats it thats novel the free market deserves

this silk road story huh

bitcoin address for the seized coins: https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX

ppl are sending bitcoins worth fractions of a cent with messages

should I feel bad for laughing at all of this

because this is all really fucking funny to me

selfish dreams of techno utopians smashed on the all too real rocks of no shit, duh, ffs lol