http://farm9.staticflickr.com/8096/8372512244_9e314b0605_z.jpg
― Author ~ Coach ~ Goddess (s1ocki), Sunday, 13 January 2013 17:06 (eleven years ago) link
http://qz.com/61893/this-is-how-we-mint-money-now-software-upgrade-glitch-causes-bitcoin-flash-crash/
― Brian Eno's Mother (Latham Green), Tuesday, 12 March 2013 20:55 (eleven years ago) link
http://www.kurzweilai.net/bitcoin-hits-1-billion
― Brian Eno's Mother (Latham Green), Friday, 5 April 2013 14:47 (eleven years ago) link
http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_8qRwhHaLc7b5Sp7
Austan Goolsbee Chicago Strongly Agree 10 Hahahaha. ROTFL.
― iatee, Wednesday, 24 April 2013 17:52 (eleven years ago) link
http://www.washingtonpost.com/business/economy/seven-men-charged-in-liberty-reserve-global-money-laundering-operation/2013/05/28/0999536c-c7ce-11e2-8da7-d274bc611a47_story.html
― Brian Eno's Mother (Latham Green), Wednesday, 29 May 2013 01:43 (ten years ago) link
http://gawker.com/feds-seize-assets-of-worlds-largest-bitcoin-exchange-506790294
― Brian Eno's Mother (Latham Green), Tuesday, 23 July 2013 20:42 (ten years ago) link
I'll bet that even possessing the Bitcoin software will be "probable cause" from here on out.
― Elvis Telecom, Wednesday, 24 July 2013 03:49 (ten years ago) link
http://b.thumbs.redditmedia.com/H0-6OpjswRj1Ke3U.jpg
― Matt Armstrong, Wednesday, 21 August 2013 06:38 (ten years ago) link
Bitcoin offers privacy -- as long as you don't cash out or spend it
On the surface, Bitcoin seems to be a great way to hide cash. Actually, it's a terrible way to launder money.That's the conclusion of a new academic study that analyzed Bitcoin's blockchain, or the public ledger that records bitcoin transactions. The ledger shows how bitcoins move from one person to another, represented by 34-character alphanumeric addresses.It's a sea of numbers without names. But researchers from the University of California at San Diego and George Mason University found it is a lot harder to convert bitcoins to cash -- or spend the bitcoins with a service -- and stay anonymous due to the ledger.Most bitcoin users interact with a service to buy or sell the virtual currency. These days, most of those services want to know exactly who they're dealing with, especially as regulators around the world take an increasing interest in bitcoin.Using special algorithms, the researchers were able to associate large numbers of seemingly anonymous bitcoins addresses with certain major services such as exchanges and payment processors, said Sarah Meiklejohn, a doctoral candidate in computer science at UC San Diego, who assisted in the research.By analyzing those transactions, they found it is possible to somewhat deanonymize bitcoin users, opening up avenues through which investigators could reveal the people behind them.For example, they linked more than 500,000 Bitcoin addresses with Mt. Gox, a popular exchange in Japan where users buy and sell bitcoins. Mt. Gox requires identification from its users, often including a scan of their passport. It wouldn't make sense for a hacker to cash out a large number of bitcoins there."We haven't uncovered the identity of the thief, but we've paved the way for law enforcement or an agency with subpoena power to do exactly that," Meiklejohn said.
That's the conclusion of a new academic study that analyzed Bitcoin's blockchain, or the public ledger that records bitcoin transactions. The ledger shows how bitcoins move from one person to another, represented by 34-character alphanumeric addresses.
It's a sea of numbers without names. But researchers from the University of California at San Diego and George Mason University found it is a lot harder to convert bitcoins to cash -- or spend the bitcoins with a service -- and stay anonymous due to the ledger.
Most bitcoin users interact with a service to buy or sell the virtual currency. These days, most of those services want to know exactly who they're dealing with, especially as regulators around the world take an increasing interest in bitcoin.
Using special algorithms, the researchers were able to associate large numbers of seemingly anonymous bitcoins addresses with certain major services such as exchanges and payment processors, said Sarah Meiklejohn, a doctoral candidate in computer science at UC San Diego, who assisted in the research.
By analyzing those transactions, they found it is possible to somewhat deanonymize bitcoin users, opening up avenues through which investigators could reveal the people behind them.
For example, they linked more than 500,000 Bitcoin addresses with Mt. Gox, a popular exchange in Japan where users buy and sell bitcoins. Mt. Gox requires identification from its users, often including a scan of their passport. It wouldn't make sense for a hacker to cash out a large number of bitcoins there.
"We haven't uncovered the identity of the thief, but we've paved the way for law enforcement or an agency with subpoena power to do exactly that," Meiklejohn said.
― Elvis Telecom, Thursday, 29 August 2013 22:28 (ten years ago) link
Woah, Silk Road supposedly busted: http://www.theverge.com/2013/10/2/4794780/fbi-seizes-underground-drug-market-silk-road-owner-indicted-in-new
(this seemed about the best place I could find to post this... do we have a general cybercrimey type thread?)
― sktsh, Wednesday, 2 October 2013 16:00 (ten years ago) link
rip
― ♫♪.ılılıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llılılı.♫♪ (carne asada), Wednesday, 2 October 2013 16:26 (ten years ago) link
http://nation.time.com/2013/10/02/alleged-silk-road-proprietor-ross-william-ulbricht-arrested-3-6m-in-bitcoin-seized/#ixzz2gaCv1yiE
According to the filing, Ulbricht is being charged on four counts: narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy. The criminal complaint also alleges that in March 2013, Ulbricht engaged in a “murder-for-hire” scheme where he enlisted one Silk Road user to murder another Silk Road user who was threatening to release the identities of all of the website’s users.
― scream blahula scream (govern yourself accordingly), Wednesday, 2 October 2013 16:31 (ten years ago) link
p21 and onwards of the complaint is pretty nuts re this: http://krebsonsecurity.com/wp-content/uploads/2013/10/UlbrichtCriminalComplaint.pdf
― sktsh, Wednesday, 2 October 2013 16:35 (ten years ago) link
(re murder that is)
Silk Road did $1.2 billion worth of business between February of 2011 and July of 2013 ... Silk Road had 957,079 registered users who did 1.2 million transactions between February of 2011 and July of 2013
so the average transaction was $1000? huh. i suppose the high price of assassinations will put the average up a bit.
― opie dead eyed piece of shit (Merdeyeux), Wednesday, 2 October 2013 16:45 (ten years ago) link
Fucking lol
― smang culture (DJP), Wednesday, 2 October 2013 17:19 (ten years ago) link
xp i think the calculations thrown off because they're valuing it by what a bitcoin is worth today, rather than what it was worth at the time of the transaction
― just sayin, Wednesday, 2 October 2013 17:20 (ten years ago) link
RIP
― Mordy , Wednesday, 2 October 2013 18:00 (ten years ago) link
http://www.usatoday.com/story/tech/2013/11/27/bitcoin-1000-cryptocurrency/3768821/
― Brian Eno's Mother (Latham Green), Wednesday, 27 November 2013 21:18 (ten years ago) link
Man searches landfill site for hard drive with £4m-worth of bitcoins
― kinder, Thursday, 28 November 2013 19:06 (ten years ago) link
I just found out that a college friend who I consider brilliant and who did very well in silicon valley has jumped aboard the bitcoin train. He's convinced it will be "huge" and "disrupt banking." I remain skeptical, but it at least prompted me to think about bitcoin more than I have in months.
― i wish i had a skateboard i could skate away on (Hurting 2), Friday, 29 November 2013 01:57 (ten years ago) link
http://www.businessinsider.com/someone-holding-bitcoin-sign-on-college-gameday-receives-over-22-bitcoins-2013-12
― Number None, Sunday, 1 December 2013 17:13 (ten years ago) link
new thing is Litecoins
― sean gramophone, Sunday, 1 December 2013 19:36 (ten years ago) link
That dude with the sign on Game Day story is crazy. Wonder if I could go back in time and hold up a sign with a Pay Pal address.
― pplains, Monday, 2 December 2013 17:19 (ten years ago) link
miss u bitcoinshttp://www.coindesk.com/price-crashes-china-outlaws-bitcoin-financial-institutions/
― I like to think I have learnt a thing or two about music (Neil S), Thursday, 5 December 2013 11:01 (ten years ago) link
It seems like the other thread is more active than this one but is also annoyingly not searchable. Any way to merge the two under a searchable title? Mods?
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 5 December 2013 17:00 (ten years ago) link
yeah I'd be in favor of just locking the other one
― frogbs, Thursday, 5 December 2013 17:05 (ten years ago) link
Sure.
The new thread can be found at 13UAdioF8zEwb4uyAhq2VuhnRKizgJjoCoCe
― pplains, Thursday, 5 December 2013 17:05 (ten years ago) link
lolz
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 5 December 2013 17:11 (ten years ago) link
http://marginalrevolution.com/marginalrevolution/2013/12/how-and-why-bitcoin-will-plummet-in-price.html
― lag∞n, Monday, 30 December 2013 15:39 (ten years ago) link
http://pbs.twimg.com/media/BcrKP88CAAA_YKg.png
― socki (s1ocki), Tuesday, 31 December 2013 17:14 (ten years ago) link
otm
― lag∞n, Tuesday, 31 December 2013 17:30 (ten years ago) link
*slurps champagne*
― socki (s1ocki), Tuesday, 31 December 2013 17:35 (ten years ago) link
cool sig
― chopper back (Lamp), Tuesday, 31 December 2013 17:36 (ten years ago) link
hrm
the main point is that I don't claim any special expertise in technology -- I almost never make technological forecasts, and the only reason there was stuff like that in the 98 piece was because the assignment required that I do that sort of thing. The issues about Bitcoin, however, are not technological! Everyone agrees that it's technically very sweet. But does it work as money? That's a very different kind of question.And the fact that people are throwing around my 98 quote actually shows that they don't get this point -- that they're confusing technology with monetary economics.
And the fact that people are throwing around my 98 quote actually shows that they don't get this point -- that they're confusing technology with monetary economics.
― creating an ilHOOSion usic sight and sound (BIG HOOS aka the steendriver), Tuesday, 31 December 2013 17:59 (ten years ago) link
http://web.mit.edu/krugman/www/BACKWRD2.html
krugman's predictions from 1996 were amazingly prescient and help put his other technology prediction in context
― iatee, Tuesday, 31 December 2013 20:40 (ten years ago) link
yeah thats a great piece
― lag∞n, Tuesday, 31 December 2013 20:55 (ten years ago) link
http://bitcoinblogger.com/more-benefits-of-bitcoin/
the more u kno
― lollercoaster of rove (s.clover), Thursday, 9 January 2014 02:36 (ten years ago) link
lulz
btw I wish we could make this one the regular bitcoin thread, since the other one is unsearchable and I don't even know how the fuck to make the cent sign on my keyboard
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 9 January 2014 02:40 (ten years ago) link
"...most people have nothing to say to each other!"
Never seems to stop them saying it, though.
― Aimless, Thursday, 9 January 2014 02:43 (ten years ago) link
Not sure why people are bringing up Paul Krugman quotes in reference to a (very good) analysis by Tyler Cowen. I think a lot of people are hoping Bitcoin will fail since they missed the chance to buy in when it was cheap. Cowen isn't saying it will fail, rather that it's success will inspire competition, and once that happens the value of each unit will fall.
― o. nate, Thursday, 9 January 2014 02:43 (ten years ago) link
lulz (xp)
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 9 January 2014 02:44 (ten years ago) link
http://i.imgur.com/GeqM32m.png
― 龜, Thursday, 9 January 2014 02:44 (ten years ago) link
whoops double post somehow
I think a lot of people are hoping Bitcoin will fail since they missed the chance to buy in when it was cheap.
If you really believe bitcoin will succeed, then it is by its nature still cheap, since it would have to rise a lot in value/market cap to be useful. I'm mostly hoping it will fail because it's favored by anti-government, anti-central-banking libertarian nutjob morons. I think it has a chance of taking off, but its road is fraught with pitfalls.
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 9 January 2014 02:47 (ten years ago) link
im hoping it will fail cause itd be funny and i hate nerds
― lag∞n, Thursday, 9 January 2014 02:48 (ten years ago) link
If you really believe bitcoin will succeed, then it is by its nature still cheap, since it would have to rise a lot in value/market cap to be useful.
That's assuming that there won't be a lot of successful competitors. The total market cap of crypto-currency may have to rise, but that might be spread among lots of Bitcoin competitors, so the value of individual Bitcoins could potentially fall.
― o. nate, Thursday, 9 January 2014 02:49 (ten years ago) link
imho it has 0% chance of working whatever the fuck that would look like
― lag∞n, Thursday, 9 January 2014 02:50 (ten years ago) link
Feel like a situation where a bunch of crypto currencies all exist at once resembles the stock market more than an actual system of currency
― 龜, Thursday, 9 January 2014 02:52 (ten years ago) link
feel like it resembles something the government would seek to regulate thereby rendering its supposed advantages irrelevant
― lag∞n, Thursday, 9 January 2014 02:54 (ten years ago) link