Bitcoins

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').

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

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?'

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

(if it were simple and I had money)

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

can you short bitcoins

lol

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

this is gonna be the place to be during the crash

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

'The Ten Bitcoin Commandments' - Notorious BTC

http://www.gifbin.com/bin/6401703g69.gif

http://forum.bitcoin.org/index.php?PHPSESSID=c354021f1f55a78b4eef48c4db9edc22&topic=13440.0

#1 - never let no-one know, how many coins you hold
#2 - never let 'em know the speed of your GPU
#3 - never trust B-T-C

life in the bitcoin mines

http://i.imgur.com/ieNK0.png

o jeez

hey mining is hard work - we need a union

buy some fuckin heroin w/ your bitcoins

you can! but I will invest them for my children's children

Balance: 0.07409062 BTC

better buy a monocle

comes w/ the heroin ime

Ten piece for a champ, bass pipe comes free
If people out there are not hip to the fact
If you see somebody gettin Bitcoins for smack
he's the
http://www.screwthestatusquo.com/storage/post-images/letters/monopoly%20guy.gif?__SQUARESPACE_CACHEVERSION=1273091093189

so what happens when someone hacks the server that keeps a log of each bitcoin's transactions

The point is there is no server.

oh okay. so how does this part work

The Bitcoin solution uses cryptography and an open transaction register. Whenever you spend a Bitcoin, you cryptographically sign a statement saying that you have transferred the coin to a new owner and you identify the new owner by their public crypto key. Whenever they need to spend the coin, the new owner uses his private key to sign it over to some further owner. As soon as a transaction takes place, the recipient (who has a very strong incentive to ensure that you don't spend the coin twice) publishes the transaction to the global Bitcoin network. Now every Bitcoin user has incontrovertible evidence that the coin has been spent, and users won't accept that coin from anyone but the new owner.

I was totally going to buy a couple of these on a whim, but I had to sign up to some kind of paypal knockoff site, and put in my bank account details, now I have to wait for their stuff to go through, etc. blech

whenever you buy say some acid from wavygravy, you tell the world using your digital signature that you are giving wavygravy five bucks,
so now everyone knows that wavygravy has five more dollars and you have five less dollars, I think that's how it works.

how do you tell the world? who keeps a record of this?

guys...I have an idea...what if we monetized suggest bans

so wikipedia sez they use a p2p distributed database to keep track of transactions. seems that if somebody found some way to hack this system then they'd be in business

Forget piracy, U.S. government is going after Bitcoin

I believe it!

0.07759571 BTC

Balance: 0.07990394 BTC
come one 0.080000!!!

BTUs from GPUs exceeding BTCs...

http://www.dailytech.com/article.aspx?newsid=21877

thanks for the link!

Turning ur Bitcoins into Butthurtcoins...

it would have been gr8 if you bought alot and sold at peak - perfect! TOTAL VICTYRY!
I WON ALL!

Wasn't this basically one of the plot threads in Cryptonomicon?

that dream has come troo

Balance: 0.08853843 BTC

What machine are you mining on Latham, and how long since you started?

just using bitcoinplus.com for a few weeks

The user known as "allinvain" is a long-time contributor to the Bitcoin forums. He says he's been mining Bitcoins for over a year, and had amassed a fortune of 25,000 BTC. This was a modest sum a few months ago, when Bitcoins were worth pennies, but over the last two months the value of a Bitcoin skyrocketed to around $20, which means 25,000 BTC would have been worth half a million dollars. "I remember watching the price like a hawk," he wrote.

And then disaster struck. "I just woke up to see a very large chunk of my bitcoin balance gone," he wrote. "Needles [sic] to say I feel like I have lost faith in bitcoin." He speculated that a Windows security flaw may have allowed the culprit to gain access to his digital wallet. "I feel like killing myself now," he said.

wow the payout amount just went way down - good thing I was an early adopter!

Balance: 0.09034359 BTC

psyched for .01 party

.1 duh

BIT DIM EHEAVEN!!!!!!!

That was a big thing when the darknet drug markets were bigger - buy bitcoin for cash at an ATM or from someone directly, a bit more distance from the cops finding out you ordered those 4000 ecstasy pills.

I'd never seen one before but seems they're pretty common, just seems a weird way of drawing attention to yourself if you're wanting to do low level money laundering

On the site it tells you how much money is available to withdraw in each ATM (anywhere between €120 and €25000 depending on the machine)

the hardcore bitcoin dudes are so demented i don't think anything could happen that would get them to rethink it

Crypto 1.0 is dying….and the crypto-bros killed it #cryptocrash

But the core of the crypto idea is stronger than ever
"What if everyone created their own kind of money?"

Crypto 2.0 is inevitable… very old ideas, made new pic.twitter.com/sTjEbZTzne

— Chris Williams (@mr_moneychanger) June 10, 2023

When Prophecy Fails Web3 Edition

what if everyone created their own kind of money lmao

sounds bad

just putting it out there that my money will be worth at least 100x everyone else’s money, that’s the plan.

thats the way to do it

saw someone argue that crypto should be regulated not like finance but like gambling or collectables because its just some random bullshit anyway, which is kinda interesting

When the question is put like it was above, i.e., "What if everyone created their own money?," it becomes crystal clear how dumb the whole idea is.