Bitcoins

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WTF

Latham Green, Tuesday, 24 May 2011 18:36 (seven years ago) Permalink

the next internet revolution??

http://www.weusecoins.com/

Latham Green, Wednesday, 25 May 2011 13:12 (seven years ago) Permalink

I've heard a little about this, but don't know enough about the field to know if it's going to replace all known forms of currency or just crash and burn immediately. Anyone?

emil.y, Wednesday, 25 May 2011 13:31 (seven years ago) Permalink

it seems like it could either be really big or end up some obscure little hobby. But still they do have potential for allot of illeagal use so I wonder if they will just be made illegal

Latham Green, Wednesday, 25 May 2011 13:34 (seven years ago) Permalink

Seems like it could be a big target for hackers? The distributed nature of the system (there's no central server repository for bitcoins) could help or hinder when it comes to security.

got a whole lotta gloves (snoball), Wednesday, 25 May 2011 13:39 (seven years ago) Permalink

I like this for the potential to melt the brains of libertarians. On the one hand, no centralising authority, on the other it is the ultimate "fiat currency"

American Fear of Pranksterism (Ed), Wednesday, 25 May 2011 13:55 (seven years ago) Permalink

I guess if you consider the laws of math to be the fiat-inator

Latham Green, Wednesday, 25 May 2011 13:56 (seven years ago) Permalink

I bet there is a thousand post developer forum thread somewhere on whether it should be backed by gold or not.

American Fear of Pranksterism (Ed), Wednesday, 25 May 2011 13:57 (seven years ago) Permalink

Maybe not seeing it was started by Finns, but I'd like to think so.

American Fear of Pranksterism (Ed), Wednesday, 25 May 2011 13:58 (seven years ago) Permalink

I think it is backed by World of Warcraft gold

Latham Green, Wednesday, 25 May 2011 13:58 (seven years ago) Permalink

this is interesting

cop a cute abdomen (gbx), Wednesday, 25 May 2011 14:07 (seven years ago) Permalink

I heard about this through the ~future of the internet~ thread. It is indeed interesting, but I still feel too unskooled in this matter to form an opinion about it.

I always think with things like this. If it can be invented, it can be hacked/messed about with. What makes this system so bulletproof?

...wow! (Le Bateau Ivre), Wednesday, 25 May 2011 14:09 (seven years ago) Permalink

Each Bitcoin has a unique serial number that's encrypted. If someone can break that encryption, they'd be able to generate counterfeit Bitcoins and the whole system would go down. So although there's no single server to hack, there's still a single point of vulnerability.

got a whole lotta gloves (snoball), Wednesday, 25 May 2011 14:15 (seven years ago) Permalink

I think the bulletproofness is the encryption - for example the Enigma machine would have worked and not been broken if the people who used it hadn't had sloppy practices. In thi scase there cannot be sloppy practices because the practitioners are computers

Latham Green, Wednesday, 25 May 2011 14:25 (seven years ago) Permalink

Does anyone else imagine bitcoins looking like this?

http://cache.gawkerassets.com/assets/images/9/2010/12/mario_coins.jpg

I know they don't really have a physical form.

free inappropriate education (Abbbottt), Wednesday, 25 May 2011 14:50 (seven years ago) Permalink

There's a not-bad overview of some potential problems here http://www.quora.com/Is-the-cryptocurrency-Bitcoin-a-good-idea

stet, Wednesday, 25 May 2011 14:53 (seven years ago) Permalink

http://www.sonicgear.org/ArcadeMachines/ArcadeCoin.jpg

am0n, Wednesday, 25 May 2011 14:56 (seven years ago) Permalink

yeah it seems like there are indeed million post forums on whether its a good idea or not but in the end time will tell. I have started mining some myself because its fun

Latham Green, Wednesday, 25 May 2011 14:59 (seven years ago) Permalink

Are you using a decent set of graphics cards? Mining on yr PC is going to cost way more in power than you'll make.

stet, Wednesday, 25 May 2011 15:01 (seven years ago) Permalink

oh I've got that all figured out! real genius...

Latham Green, Wednesday, 25 May 2011 15:03 (seven years ago) Permalink

anyone here buy any acid w/ bitcoins yet

http://www.wired.com/threatlevel/2011/06/silkroad/

puff puff post (uh oh I'm having a fantasy), Thursday, 2 June 2011 16:38 (seven years ago) Permalink

who is going to be the first major musician who charges bitcoins for a legal download

puff puff post (uh oh I'm having a fantasy), Thursday, 2 June 2011 16:43 (seven years ago) Permalink

rush?

iatee, Thursday, 2 June 2011 16:43 (seven years ago) Permalink

I believe in bitcoins

puff puff post (uh oh I'm having a fantasy), Thursday, 2 June 2011 16:46 (seven years ago) Permalink

At the moment bitcoin value/rarity is supressed by spare computing cycles, which I'd rather see searching for ETs, folding proteins, or predicting climate change impacts (all distributed screensaver applications).

If we're going to have a currency backed by electricity, I'd suggest international trade settlement backed by aluminum. Its a useful material, ubitquitous in industry, and as bauxite is abundant and the major production cost is electricity for electrolytic smelting, its as close to frozen electricity as exists.

In either case, no nation/currency union would need acquire enough to back the entire economy, only enough to settle external trade imbalances and deter covert taxation through inflation.

美国有很多丰富的傻瓜 (Sanpaku), Thursday, 2 June 2011 17:24 (seven years ago) Permalink

I have almost generated a bit dime so far - its taking forever

Latham Green, Wednesday, 8 June 2011 13:17 (seven years ago) Permalink

At the moment bitcoin value/rarity is supressed by spare computing cycles, which I'd rather see searching for ETs, folding proteins, or predicting climate change impacts (all distributed screensaver applications).

all those screensaver things are outreach tools rather than scientifically useful fwiw.

caek, Wednesday, 8 June 2011 13:17 (seven years ago) Permalink

wow the value has gone way up lately - it was just 7$ a few weeks ago now like 28$!
at mtgox.com

bubble?

Latham Green, Wednesday, 8 June 2011 13:20 (seven years ago) Permalink

(in response to Abbott's earlier post)

got a whole lotta gloves (snoball), Wednesday, 8 June 2011 13:28 (seven years ago) Permalink

(The answer being, yes they do look like that something from a Soviet era Russian Mario knock-off)

got a whole lotta gloves (snoball), Wednesday, 8 June 2011 13:29 (seven years ago) Permalink

little broken link icons?

Latham Green, Wednesday, 8 June 2011 13:29 (seven years ago) Permalink

thinking this is going to be a HUGE deal for online gambling, since it's essentially non-taxable right?

frogbs, Wednesday, 8 June 2011 13:31 (seven years ago) Permalink

little broken link icons?

That would be a Zelda knock-off...

got a whole lotta gloves (snoball), Wednesday, 8 June 2011 13:34 (seven years ago) Permalink

I think the consensus seems to be that they will be made illegal at some point- so git 'em now!

Latham Green, Wednesday, 8 June 2011 13:35 (seven years ago) Permalink

1 - costs more electricity to generate than they're worth, which will only get worse because they're progressively halving Bitcoin production over time to top out at a maximum number of Bitcoins in 4 years.

2 - someone will crack this before then anyway (either by cracking the encryption method itself, or more likely by finding a weakness somewhere else in the system).

3 - banks will find a way to levy charges on turning Bitcoins back into real money.

4 - governments will find a way to tax this if it ever looks like being big.

got a whole lotta gloves (snoball), Wednesday, 8 June 2011 13:40 (seven years ago) Permalink

"Tell me boy, is that the Chattanooga choo-choo an overheating GPU?"
"Yes I've got twenty nine."
"Well give me a Bitcoin dime."

got a whole lotta gloves (snoball), Wednesday, 8 June 2011 13:45 (seven years ago) Permalink

Sometimes, when I see the price of a bitcoin today, I regret being broke as hell a month ago when I learned about them. But yeah, I probably agree with snoball in that this thing is bound to fail at some point. Also, I'm still having a hard time with this currency that can't buy anything (except drugs).
Also, is it just me or is it impossible to explain bitcoins to people without sounding kind of silly?

Jibe, Wednesday, 8 June 2011 13:48 (seven years ago) Permalink

Seems that the only way to have made any money out of this was to be involved pretty much at the start.

got a whole lotta gloves (snoball), Wednesday, 8 June 2011 13:51 (seven years ago) Permalink

without sounding kind of silly?

There's a real 'Jack & The Beanstalk' 'magic beans' feel to the whole thing, even more so than 'real' money ('I promise to pay the bearer on demand the sum of £5').

got a whole lotta gloves (snoball), Wednesday, 8 June 2011 13:56 (seven years ago) Permalink

You could have made money by buying some when this thread was started, they were around 7-8$ iirc.

Jibe, Wednesday, 8 June 2011 13:58 (seven years ago) Permalink

I think the question is 'how many people who would be immediately interested in buying some of these upon learning that they exist have already learned that they exist?'

iatee, Wednesday, 8 June 2011 14:04 (seven years ago) Permalink

like yeah on the one hand obv it's a bubble but crazy libertarian types don't have that many facebook friends, so I dunno, I'd buy some and keep em for a week

iatee, Wednesday, 8 June 2011 14:06 (seven years ago) Permalink

(if it were simple and I had money)

iatee, Wednesday, 8 June 2011 14:07 (seven years ago) Permalink

Aaand it's crossed the 30$ barrier on MtGox. Dammit, why didn't I even have 20 bucks to invest in this shit ^^

Jibe, Wednesday, 8 June 2011 14:13 (seven years ago) Permalink

can you short bitcoins

☂ (max), Wednesday, 8 June 2011 14:14 (seven years ago) Permalink

lol

caek, Wednesday, 8 June 2011 14:14 (seven years ago) Permalink

http://forum.bitcoin.org/index.php?board=1.0

this is gonna be the place to be during the crash

iatee, Wednesday, 8 June 2011 14:17 (seven years ago) Permalink

since this thread was started I have got .07 btc - I can already see though that its getting harder to generate the coins

Latham Green, Wednesday, 8 June 2011 14:37 (seven years ago) Permalink

coin bros are the best act of 2018

https://www.youtube.com/watch?v=WV-vdI2CzMc

gr8080, Wednesday, 7 February 2018 16:46 (four months ago) Permalink

https://pbs.twimg.com/media/DVsIPD0VoAAkMF1.jpg:large

mark s, Saturday, 10 February 2018 17:18 (four months ago) Permalink

is that related to this
https://www.wired.com/story/classic-scam-steals-bitcoin-on-twitter/amp

El Tomboto, Saturday, 10 February 2018 17:33 (four months ago) Permalink

lol i have no idea, i don't really look for narrative logic connecting the various snapshots i get of mcafee's life

mark s, Saturday, 10 February 2018 17:36 (four months ago) Permalink

he's like the quincy jones of literally nothing makes sense any more

mark s, Saturday, 10 February 2018 17:38 (four months ago) Permalink

if nothing else, mcafee succeeds in intimidation. i would never, ever approach his house in TN, he's fucking crazy

Karl Malone, Saturday, 10 February 2018 17:44 (four months ago) Permalink

Salon.com supposedly now uses its visitors' CPU cycles to mine Bitcoin:
https://www.ft.com/content/acc26c6a-10a1-11e8-8cb6-b9ccc4c4dbbb
(paywalled)

Dan I., Tuesday, 13 February 2018 18:44 (four months ago) Permalink

maybe I'm using the term "cpu cycle" wrong. They're mining cryptocurrency with their visitors' computer processors.

Dan I., Tuesday, 13 February 2018 18:45 (four months ago) Permalink

mookie posted about that in the other thread earlier today. speaking of, it's kind of hilarious and appropriate for bitcoins and cryptocurrency discussion that we have a Bitcoins thread and a bit¢oin$ thread, both with well over 1000 posts

Karl Malone, Tuesday, 13 February 2018 19:01 (four months ago) Permalink

yea the thread forked, sorry guys

frogbs, Tuesday, 13 February 2018 19:03 (four months ago) Permalink

btw just lol if you don't think ilxor.com is doing this

frogbs, Tuesday, 13 February 2018 19:03 (four months ago) Permalink

that's... fucking crazy

what's crazier is that i have an anti-mining extension installed along with my ad-blocker already. 2018 holla

illegal economic migration (Tracer Hand), Tuesday, 13 February 2018 19:05 (four months ago) Permalink

Ah! I thought I was on the other thread, sorry! Should have known it would have already been posted

Dan I., Tuesday, 13 February 2018 19:06 (four months ago) Permalink

oh no worries, i get the two threads confused all the time!

https://i.imgur.com/9gf7ZG4.gif

"there's got to be a better way"

Karl Malone, Tuesday, 13 February 2018 19:11 (four months ago) Permalink

btw just lol if you don't think ilxor.com is doing this

― frogbs, Tuesday, February 13, 2018 9:03 AM (four hours ago) Bookmark Flag Post Permalink

is it rly? that's... kind of outrageous if true

davey, Tuesday, 13 February 2018 23:20 (four months ago) Permalink

it is not

Chocolate-covered gummy bears? Not ruling those lil' guys out. (ulysses), Wednesday, 14 February 2018 02:45 (four months ago) Permalink

you heard it here first, folks: get in early on bitcoiin2gen, the choice of portly putin-apologists everywhere

ZEN MASTER STEVEN SEAGAL HAS BECOME THE BRAND AMBASSADOR OF BITCOIIN2GEN

February 13, 2018, Hong Kong: Hollywood actor Steven Seagal has become a believer of Bitcoiin2Gen, the Hollywood action star will be representing the leading cryptocurrency organization, Bitcoiin2Gen, as brand ambassador.

Steven Seagal is an American actor, producer, screenwriter, director, martial artist, and musician who holds American, Russian, and Serbian citizenship.

As a Buddhist, Zen teacher, and healer, Steven lives by the principles that the development of the physical self is essential to protect the spiritual man. He believes that what he does in his life is about leading people into contemplation to wake them up and enlighten them in some manner. These are precisely the objectives of the Bitcoiin2Gen to empower the community by providing a decentralized P2P payment system with its own wallet, mining ecosystem and robust blockchain platform without the need of any third party.

Zen Master, Steven mentioned an old Chinese saying “Flow with whatever may happen and let your mind be free. Stay centered by accepting whatever you are doing. This is the ultimate”. by Chuang Tsu.

For Bitcoiin2Gen, the choice of Zen Master, Steven Seagal is obvious as brand ambassador, this extends our long-term commitment towards the community.

Steven Seagal is a man of diverse character whose spiritual beliefs and humanity are woven into every aspect of his life. Most of us know Steven for his roles as an action hero, Call it an obsession or a calling but Steven mastered Martial Arts at an early age, becoming a 7th-degree black belt and Aikido master. His films include box office successes such as Hard to Kill, Marked for Death, Out for Justice, Above the Law, Under Siege, Executive Decision, The Glimmer Man, and Exit Wounds to name a few, are all loved for their storylines and fast-paced Hollywood action. Most importantly, it is his genuine care for others that drives him to unselfishly give his time and financial support to many charities across the world. His support of environmental causes, animal rights, children in need and HIV/AIDS efforts is undeniable and an important part of his daily schedule. Steven Seagal is a versatile talent and an intricate human being, whose passion, selflessness, integrity, and character are embodied in his work.

NEW CHIMP THREAT (bizarro gazzara), Tuesday, 20 February 2018 13:51 (four months ago) Permalink

The coiin so libertarian they had to put two i’s in it

i remember the corned beef of my childhood (Karl Malone), Tuesday, 20 February 2018 15:09 (four months ago) Permalink

biitcoiin will be along in a couple of weeks, championed by chuck norriis

NEW CHIMP THREAT (bizarro gazzara), Tuesday, 20 February 2018 15:23 (four months ago) Permalink

Siign me up, his sidekick was brutal, you know the coin will deliver

i remember the corned beef of my childhood (Karl Malone), Tuesday, 20 February 2018 15:31 (four months ago) Permalink

bitcoiin desiigner

Le Bateau Ivre, Tuesday, 20 February 2018 15:41 (four months ago) Permalink

i stayed out of bitcoin, dogecoin, litecoin and etherium, but i'm probably going to dump my savings into bitcoiin. the extra I stands for "imazing"

tweedyman, Tuesday, 20 February 2018 15:54 (four months ago) Permalink

a new Biitcoin2Gen will be minted every time steven seagal punches someone in the face and/or achieves a zenlike trance state

i remember the corned beef of my childhood (Karl Malone), Tuesday, 20 February 2018 16:30 (four months ago) Permalink

Crypto-currency craze 'hinders search for alien life'

sleeve, Tuesday, 20 February 2018 16:32 (four months ago) Permalink

on the shelf next to my gaming station, you will find my segal tapes. the glimmer man vhs case has a false bottom. within it's hidden chamber, you'll find a private key for my bitcoiin2gen investments, north of 6 million dollars. my entire estate. i knew that you, my children, would not dream of throwing out or selling my precious segal tapes after I passed.

Dat Login was the dname u doofus (Sufjan Grafton), Tuesday, 20 February 2018 17:51 (four months ago) Permalink

character used wrong form of 'its' because he's dumb, you see

Dat Login was the dname u doofus (Sufjan Grafton), Tuesday, 20 February 2018 17:52 (four months ago) Permalink

bi-itcoin making gender equal crytpoc since 2018

F# A# (∞), Tuesday, 20 February 2018 17:54 (four months ago) Permalink

Venezuela reaching out to the alt-right and libertarians... a very 'nixon in china' moment

But doctor, I am Camille Paglia (Bananaman Begins), Thursday, 22 February 2018 08:10 (four months ago) Permalink

https://www.economist.com/news/finance-and-economics/21737255-switzerland-embraces-digital-currencies-and-crypto-entrepreneurs-banking-centre

Switzerland’s famous banking secrecy is falling to a global assault on money-laundering and tax evasion. But financial security remains in demand. The country should seek to become the “crypto-nation”, said the economy minister, Johann Schneider-Ammann, last month. Zug aims to be the capital of that nation.

☺️

bald butte (∞), Thursday, 22 February 2018 22:57 (four months ago) Permalink

Nation 2.0
Nation-as-a-Service
Crypto-Nation

mick signals, Thursday, 22 February 2018 23:08 (four months ago) Permalink

zug nation

bald butte (∞), Thursday, 22 February 2018 23:09 (four months ago) Permalink

Zuog aims to be the capital of that nation

But doctor, I am Camille Paglia (Bananaman Begins), Friday, 23 February 2018 07:19 (four months ago) Permalink

wow

Roberto Spiralli, Thursday, 8 March 2018 16:42 (three months ago) Permalink

I'm opening for Ghostface Killah at a cryptocurrency conference today at SXSW, so come through if you want to learn about ICOs changing influencer marketing or see a Wu-Tang legend rap https://t.co/7clH0w8gge

— Josh Constine (@JoshConstine) March 14, 2018

Jersey Al (Albert R. Broccoli), Wednesday, 14 March 2018 22:31 (three months ago) Permalink

Surely GZA or especially killah priest would be more apt??!

when worlds collide I'll see you again (Jon not Jon), Wednesday, 14 March 2018 22:37 (three months ago) Permalink

The son of Ol' Dirty Bastard, the late hip-hop artist and Wu-Tang Clan member who passed away in 2004, is launching a cryptocurrency.

Young Dirty, real name Bar-Son James, is the face of the appropriately named Dirty Coin.

mick signals, Thursday, 15 March 2018 02:03 (three months ago) Permalink

What role does Ghostface Killah play in Cream Capital?

Ghostface Killah serves as a vessel to increase brand awareness surrounding Cream Capital and cryptocurrencies. He plays a very active role in the day-to-day business operations and direction of the company. He understands the fundamentals of blockchain technology and the importance and gravity of the technology. He is not a random celebrity that is lending his name to a project. Wu-Tang is for the children and the children will use the blockchain.

mick signals, Thursday, 15 March 2018 02:06 (three months ago) Permalink

one month passes...

I liked the “Prison breaks in Iceland usually mean someone just fled to get drunk,” quote.

brain (krakow), Thursday, 19 April 2018 08:15 (two months ago) Permalink

I love Iceland

Rabbit Control (Latham Green), Thursday, 19 April 2018 17:01 (two months ago) Permalink

brilliant story.
made my day yesterday when i heard about it.

mark e, Thursday, 19 April 2018 17:36 (two months ago) Permalink

did anybody else think for just a moment, like i did, that the king of Swaziland had renamed his country after a cryptocurrency?

https://www.theguardian.com/world/2018/apr/19/swaziland-king-renames-country-kingdom-of-eswatini

illegal economic migration (Tracer Hand), Thursday, 19 April 2018 17:41 (two months ago) Permalink

are there any movies about "big bitcoin heists" yet? Can't wait for the Hackers-style attempts to make typing into action.

Fedora Dostoyevsky (man alive), Thursday, 19 April 2018 18:16 (two months ago) Permalink

the entire movie is composed of screenshots

Rabbit Control (Latham Green), Thursday, 19 April 2018 19:34 (two months ago) Permalink

two weeks pass...

feel like I finally understand how a blockchain works after reading this: https://i.kinja-img.com/gawker-media/image/upload/c_scale,f_auto,fl_progressive,q_80,w_800/fgfvoprgbu251kjgrxys.jpg

silverfish, Tuesday, 8 May 2018 16:37 (one month ago) Permalink

cartoon iguana otm

davey, Tuesday, 8 May 2018 21:33 (one month ago) Permalink


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