http://printcoins.com/images/gallery/ron_paul_bill.jpg
― pplains, Sunday, 7 April 2013 02:54 (eleven years ago) link
back on track
― I, rrational (mh), Sunday, 7 April 2013 03:20 (eleven years ago) link
http://www.listentobitcoin.com/
― I offer about as much diversity as a saltine cracker. (forksclovetofu), Sunday, 7 April 2013 20:05 (eleven years ago) link
Felix Salmon on the bitcoin bubble: says bitcoin's effectively a commodity, not really a currency
https://medium.com/money-banking/2b5ef79482cb
― dow, Sunday, 7 April 2013 23:01 (eleven years ago) link
"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
― witepriv and i (buzza), Wednesday, 10 April 2013 15:29 (eleven years ago) link
http://i.imgur.com/b2w7tzR.png
― lag∞n, Wednesday, 10 April 2013 19:01 (eleven years ago) link
buh-oh
― zero dark (s1ocki), Wednesday, 10 April 2013 19:10 (eleven years ago) link
the 10,000 BTC pizza order
― diamonddave85, Wednesday, 10 April 2013 19:15 (eleven years ago) link
print edition header of the chicago tribune business section today has a huge bitcoin symbol on it, will try and snap a pic
― jokestoldforu (gr8080), Wednesday, 10 April 2013 19:16 (eleven years ago) link
1.4 million dollar pizza order in today's bitcoin: http://blockchain.info/address/17SkEw2md5avVNyYgj6RiXuQKNwkXaxFyQ
― diamonddave85, Wednesday, 10 April 2013 19:17 (eleven years ago) link
Financial Times calls this '#000000 Wednesday'
― Brakhage, Wednesday, 10 April 2013 20:50 (eleven years ago) link
that is really funny
― frogbs, Wednesday, 10 April 2013 20:57 (eleven years ago) link
so, what caused this crash? i know there was a programming hiccup that caused a slump some time ago
― goole, Wednesday, 10 April 2013 21:05 (eleven years ago) link
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
― Matt Armstrong, Wednesday, 10 April 2013 21:07 (eleven years ago) link
DDOS apparentlyhttp://techcrunch.com/2013/04/10/bitcoin-crash/
― gr8 tr∞lls i have known (forksclovetofu), Wednesday, 10 April 2013 21:36 (eleven years ago) link
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.”
― am0n, Wednesday, 10 April 2013 21:41 (eleven years ago) link
"hackers"
― am0n, Wednesday, 10 April 2013 21:42 (eleven years ago) link
im not sure that explanation makes any sense
― lag∞n, Wednesday, 10 April 2013 21:43 (eleven years ago) link
sounds like basically just the shit that happens when you have a relatively liquidity but overcapitalized commodity. stockpiling, manipulation, etc.
― Chuck E was a hero to most (s.clover), Wednesday, 10 April 2013 21:44 (eleven years ago) link
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.
― Chuck E was a hero to most (s.clover), Wednesday, 10 April 2013 21:47 (eleven years ago) link
noted leet haxor George Soros
― Matt Armstrong, Wednesday, 10 April 2013 21:53 (eleven years ago) link
It's really not a "hack" at all, it's more like penny stock manipulation
― --808 542137 (Hurting 2), Wednesday, 10 April 2013 21:58 (eleven years ago) link
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
― am0n, Wednesday, 10 April 2013 22:03 (eleven years ago) link
http://www.naturalnews.com/gallery/300x250/Money/Coins-Crash-Money.jpg
― Heyman (crüt), Wednesday, 10 April 2013 22:04 (eleven years ago) link
http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2013/4/10/1365626013983/Bitcoin-010.jpg
problem is you can hold it imho
― lag∞n, Wednesday, 10 April 2013 22:05 (eleven years ago) link
http://siliconangle.com/files/2013/01/bitcoin-hand-drop.jpg
― Heyman (crüt), Wednesday, 10 April 2013 22:06 (eleven years ago) link
that seems like a pretty good scam, brb, buying a few grand in bitcoins
― I, rrational (mh), Wednesday, 10 April 2013 22:40 (eleven years ago) link
buy low sell high breh
― --808 542137 (Hurting 2), Wednesday, 10 April 2013 22:44 (eleven years ago) link
then dump enough of your stock to tank the market considerably and make people rush, then buy up more of them. rinse, repeat
― I, rrational (mh), Wednesday, 10 April 2013 22:45 (eleven years ago) link
what could go wrong
― lag∞n, Wednesday, 10 April 2013 22:46 (eleven years ago) link
idk, people do this in Diablo 3 all the time
― I, rrational (mh), Wednesday, 10 April 2013 22:46 (eleven years ago) link
yo... anybody wanna trade some bitcoins
― 乒乓, Wednesday, 10 April 2013 22:50 (eleven years ago) link
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
― 乒乓, Wednesday, 10 April 2013 22:52 (eleven years ago) link
i have a 2010 silver bitcoin stashed in case everything goes 'the road'
― Roberto Spiralli, Wednesday, 10 April 2013 22:53 (eleven years ago) link
oh nice... i missed out on the reservation list for those... still kicking myself...
― 乒乓, Wednesday, 10 April 2013 22:54 (eleven years ago) link
i'm trying to remember if i heard of these before today.
― Pope Rusty I (Dr Morbius), Wednesday, 10 April 2013 22:57 (eleven years ago) link
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?
― --808 542137 (Hurting 2), Thursday, 11 April 2013 02:21 (eleven years ago) link
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.
― I, rrational (mh), Thursday, 11 April 2013 02:32 (eleven years ago) link
http://bit.ly/11Wz5X0
― markers, Thursday, 11 April 2013 02:38 (eleven years ago) link
fishing 4 bitc0ins http://techcrunch.com/2013/04/11/mt-gox-cross-site-scripting-attack-wipes-out-bitcoin-accounts/
― lag∞n, Thursday, 11 April 2013 14:34 (eleven years ago) link
Being a techie, I started researching.
― I, rrational (mh), Thursday, 11 April 2013 14:39 (eleven years ago) link
ha yes
― lag∞n, Thursday, 11 April 2013 14:45 (eleven years ago) link
http://i.imgur.com/vCkuFAY.jpeg
― 乒乓, Thursday, 11 April 2013 14:51 (eleven years ago) link
coins on the bit / coins on the bit / bitcoins / bitcoins
― am0n, Thursday, 11 April 2013 15:12 (eleven years ago) link
http://mises.org/daily/6399/The-Moneyness-of-Bitcoins
― Chuck E was a hero to most (s.clover), Thursday, 11 April 2013 19:34 (eleven years ago) link
"Thus, on the free market, commodity monies, and presumably gold and silver, still have a great comparative advantage."
cool conclusion austrian economist guy thanks.
― Chuck E was a hero to most (s.clover), Thursday, 11 April 2013 19:35 (eleven years ago) link
lmao http://gawker.com/5994433/idiot-dick-facebook-twins-now-own-one-percent-of-all-bitcoin
― lag∞n, Thursday, 11 April 2013 21:15 (eleven years ago) link
another smash from the go-in brothers
― --808 542137 (Hurting 2), Thursday, 11 April 2013 21:17 (eleven years ago) link
that led them to sure Facebook
― am0n, Thursday, 11 April 2013 21:20 (eleven years ago) link
oh man good catch
― zero dark (s1ocki), Thursday, 11 April 2013 21:35 (eleven years ago) link