bit¢oin$

http://i.imgur.com/59ZCAfA.jpg

this sign looks hella banged up, like somebody went at it with an ice pick

ppl were flinging their bitcoins at it

all of these nerds literally made $386,720.58 overnight so

― sleepingbag, Friday, April 12, 2013 12:09 PM (31 seconds ago) Bookmark Flag Post Permalink

really did all of them literally

in total, he means

really did all of them totally

no each one of them made that exact sum is what i meant

i may not be operating on the right metaphysical plane here but idg how this is any less of a mass consensual delusion than any other currency

it's much more of one!

well its doesnt have any sort of justice system and military backing it up for one thing

doesn't it have... all of them? think abt it

not that i think mass consensual delusion is a very accurate was to describe currency, its an intentional system not a delusion

i think the question is why would you want to hold bitcoins if u were not 1.) speculating or 2.) buying drugs

I'm going to buy a giant warehouse and fill it with straw, and then create a currency called Strawcoin. Unlike other currencies, backed only by trust, mine is backed 100% by real straw. And there will be photos of me, in a ten-gallon hat, gesturing grandly to my endless piles of straw.

doesn't it have... all of them? think abt it

― goole, Friday, April 12, 2013 12:22 PM (56 seconds ago) Bookmark Flag Post Permalink

well i mean if you steal some sure but thats true of anything you can steal, its doesnt have any of the if we all stop believing in this it wont be real protections that usa currency does is the point

http://i.imgur.com/MRS10Nx.png

can somebody teach me how to google

― frogbs, Friday, April 12, 2013 11:22 AM

i think the question is why would you want to hold bitcoins if u were not 1.) speculating or 2.) buying drugs

freedom

http://i.imgur.com/eEPcCp3.jpg

omfg

dying over here

call me bitcoin

i just can't imagine how it's possible to buy anything with this "currency" as long as it doesn't reach some stable value. it's just fake gold at this point right?

send me n00z and i will teach u how to bitcoin

i do find this interesting on some level, and would honestly feel pretty bummed if US currency authorities brought the hammer down.

better to sort of pretend it doesn't exist. if vendors want to give away their goods or services because somebody came in with their magic internet coupons, i mean, who cares.

xp omggggggggggggg

fwiw I don't agree with people who say it's "not a currency." It is a currency, it's just a really, really shitty one.

its not a currency its a commodity tho

I need to get up on this shit immediately

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

one comment i read somewhere likened it to making up a really tiny fictitious country out of nothing, for forex purposes.

its not a currency its a commodity tho

― lag∞n, Friday, April 12, 2013 11:29 AM (37 seconds ago) Bookmark Flag Post Permalink

you will not be surprised to learn that bitcoiners hold felix salmon in pretty low esteem!

i think the question is why would you want to hold bitcoins if u were not 1.) speculating or 2.) buying drugs

― 乒乓, Friday, April 12, 2013 12:23 PM (2 minutes ago)

just a bit of coin let's be cool

http://images.bwbx.io/cms/2013-04-10/mf_bitcoin16__01__630x420.jpg

i do find this interesting on some level, and would honestly feel pretty bummed if US currency authorities brought the hammer down.

― goole, Friday, April 12, 2013 12:27 PM (1 minute ago) Bookmark Flag Post Permalink

what could they do is the question, shut down some exchanges, make it illegal to accept thm, but not all of them are under their jurisdiction, and the bitcoin audience being what it is im sure theyd find ways to set up new safe ones anyway, of course if the whole thing gets too difficult it would def impede mass adoption, anyway i agree and hope that they leave it alone cause its an interesting an hilarious experiment

and what IS a bitcoin, really? it's a really long guid that can be followed around somehow, right? idk i should probably at least read the basics before digging into the insane-o rightwing message board discourse on it (too late)

I have started to hear of this Peter Thiel character over the past year or so, and I have been impressed with his intellect and his focus on issues that our dear to our hearts, here on this forum.

Clearly he has not yet grasped the full impact, if he is still thinking of Bitcoin and Gold as competing things, instead of thinking of Bitcoin as a new technology that will someday be used for transferring gold. The Bitcoin community and the digital gold community are going to merge. The whole will be greater than the sum of its parts. Both commodities have important roles to play in a larger picture of things. Those who still think that it will be "one community or the other" have not yet grasped the full implications of what is happening.

However that is no matter, because soon everyone will come around, and probably Mr. Thiel sooner than most.

I am dipping you in Bitcoins!

its not a currency its a commodity tho

― lag∞n, Friday, April 12, 2013 11:29 AM (37 seconds ago) Bookmark Flag Post Permalink

you will not be surprised to learn that bitcoiners hold felix salmon in pretty low esteem!

― goole, Friday, April 12, 2013 12:30 PM (1 minute ago) Bookmark Flag Post Permalink

yeah i mean a lot these people prob want a return to the era of there being no difference between currency and commodities

wtf is "digital gold"

its not a currency its a commodity tho

― lag∞n, Friday, April 12, 2013 12:29 PM Bookmark Flag Post Permalink

the arguments I've heard for this strike me as nonsense. currencies predate central banks. currencies can be hoarded. currencies can be badly managed, have inadequate liquidity, etc. All of these things have happened in the past. It's more a currency than a commodity, it's just a really crappy one because it lacks adequate flexibility/liquidity.

and what IS a bitcoin, really? it's a really long guid that can be followed around somehow, right? idk i should probably at least read the basics before digging into the insane-o rightwing message board discourse on it (too late)

― goole, Friday, April 12, 2013 12:32 PM (1 minute ago) Bookmark Flag Post Permalink

the nyer piece from a while ago is really good

wtf is "digital gold"

― Call me at **BITCOIN (DJP), Friday, April 12, 2013 12:34 PM (19 seconds ago) Bookmark

the name of a future daft punk greatest hits record?

btw has anyone tried dialing **BITCOIN yet

the arguments I've heard for this strike me as nonsense. currencies predate central banks. currencies can be hoarded. currencies can be badly managed, have inadequate liquidity, etc. All of these things have happened in the past. It's more a currency than a commodity, it's just a really crappy one because it lacks adequate flexibility/liquidity.

― --808 542137 (Hurting 2), Friday, April 12, 2013 12:35 PM (24 seconds ago) Bookmark Flag Post Permalink

youre just talking about an antiquated definition of currency, the gold standard etc, bitcoins are a commodity not a currency by contemporary standards

xp anyway it's kind of a semantic argument. I guess I'm splitting hairs between "unsuccessful currency" and "not currency"

in that theres a finite amount of them, theres no central bank etc

what could they do is the question, shut down some exchanges, make it illegal to accept thm, but not all of them are under their jurisdiction, and the bitcoin audience being what it is im sure theyd find ways to set up new safe ones anyway, of course if the whole thing gets too difficult it would def impede mass adoption, anyway i agree and hope that they leave it alone cause its an interesting an hilarious experiment

― lag∞n, Friday, April 12, 2013 11:32 AM (4 minutes ago) Bookmark Flag Post Permalink

even shutting down a few exchanges will cause the whole thing to tank

of all the trade done by bitcoins what %age of it is via one of the bitcoin-to-dollar exchanges?

yeah if you can't make any ol' transaction with them w/o going thru an exchange, it's not really a currency, is it? "not yet" yeah yeah

I think you can make transactions with them without "going through an exchange" -- the exchanges are just where you buy them with dollars, euros, etc., no?

I mean, you know, only on sites that "accept bitcoins" but

even shutting down a few exchanges will cause the whole thing to tank

― iatee, Friday, April 12, 2013 12:37 PM (2 minutes ago) Bookmark Flag Post Permalink

yah this is prob true, or at least theyd go back to being worth 50cents and only traded by hardcore enthusiasts and people who want to buy drugs over the internet