bit¢oin$

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.