this may already be the greatest Ponzi scheme in history
― frogbs, Tuesday, 3 December 2013 13:26 (ten years ago) link
Silicon Valley knows a platform when it sees it, and is aflame with Bitcoin. worst sentence ever written?
worst sentence ever written?
I think you mean GREATEST SENTENCE EVER WRITTEN
― SHAUN (DJP), Tuesday, 3 December 2013 14:03 (ten years ago) link
otm that is what i meant
― lag∞n, Tuesday, 3 December 2013 14:53 (ten years ago) link
burning platform?
― signed, J.P. Morgan CEO (Hurting 2), Tuesday, 3 December 2013 14:57 (ten years ago) link
http://www.scmp.com/business/banking-finance/article/1371767/chinese-renminbi-dominates-global-bitcoin-trade-researchers
Feel bad for my chinese bros, they're gonna get scammed so bad
But we as a people are culturally susceptible to gambling and speculation, it's terrible
― 乒乓, Tuesday, December 3, 2013 8:14 AM Bookmark Flag Post Permalink
China is awash in new money and has a short history with capitalism and speculative investment. Scamming Americans is easy enough, but China seems like a dream for this sort of thing.
― signed, J.P. Morgan CEO (Hurting 2), Tuesday, 3 December 2013 14:58 (ten years ago) link
Well it's also due to the Chinese government heavily restricting what sorts of things one can invest in + being very tight with letting money leave China
― 乒乓, Tuesday, 3 December 2013 15:07 (ten years ago) link
read some thing speculating china is purposely not cracking down on all these ways to get money out of the country, bitcoin investment in hk real estate etc, as a way to ease into liberalizing their currency exchange policies altogether
― lag∞n, Tuesday, 3 December 2013 15:09 (ten years ago) link
Those bitcoin QR codes seem like they'd be ideal targets for drone strikes.
― Elvis Telecom, Wednesday, 4 December 2013 10:44 (ten years ago) link
rip http://www.coindesk.com/price-crashes-china-outlaws-bitcoin-financial-institutions
― lag∞n, Thursday, 5 December 2013 15:14 (ten years ago) link
I'm actually surprised the price didn't tank harder on that news.
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 5 December 2013 15:19 (ten years ago) link
can't the same group of people just keep the price inflated?
i'd figure stories like this would tank it harder (and there seems to be a new one every couple days):http://techland.time.com/2013/11/12/bitcoin-online-exchange-in-czech-republic-hacked/
― frogbs, Thursday, 5 December 2013 15:22 (ten years ago) link
http://newsfeed.time.com/2013/12/05/i-bought-everything-on-my-christmas-list-with-bitcoin/
― SHAUN (DJP), Thursday, 5 December 2013 15:25 (ten years ago) link
I mean, yeah, but only by buying more and bitcoin.
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 5 December 2013 15:28 (ten years ago) link
http://dealbook.nytimes.com/2013/12/05/in-the-murky-world-of-bitcoin-fraud-is-quicker-than-the-law/?_r=1&
The call went out on Twitter: “For insane profits come and join the pump.”It was an invitation to a penny stock-style pump-and-dump scheme — only this one involved Bitcoin, the soaring, slightly scary virtual currency that has beckoned and bewildered people around the world.While such bid ’em up, sell ’em off scams are shut down in the financial markets all the time, this one and other frauds involving digital money have gone unchecked. The reason, in no small part: Government authorities do not agree on which laws apply to Bitcoin — or even on what Bitcoin is.The person behind the recent scheme, a trader known on Twitter as Fontas, said in a secure Internet chat that he operated with little fear of a crackdown.“For now, the lack of regulations allows everything to happen,” Fontas said in the chat, where he verified his control of the Twitter account, which has thousands of followers, but did not give his identity. He added that Bitcoin and its users would benefit when someone steps in to police this financial wild west, and would stop his schemes when they do.
It was an invitation to a penny stock-style pump-and-dump scheme — only this one involved Bitcoin, the soaring, slightly scary virtual currency that has beckoned and bewildered people around the world.
While such bid ’em up, sell ’em off scams are shut down in the financial markets all the time, this one and other frauds involving digital money have gone unchecked. The reason, in no small part: Government authorities do not agree on which laws apply to Bitcoin — or even on what Bitcoin is.
The person behind the recent scheme, a trader known on Twitter as Fontas, said in a secure Internet chat that he operated with little fear of a crackdown.
“For now, the lack of regulations allows everything to happen,” Fontas said in the chat, where he verified his control of the Twitter account, which has thousands of followers, but did not give his identity. He added that Bitcoin and its users would benefit when someone steps in to police this financial wild west, and would stop his schemes when they do.
#freemarket #invisiblehand
― 乒乓, Friday, 6 December 2013 14:19 (ten years ago) link
The price has dropped about 20% in the past hour.
― Jersey Al (Albert R. Broccoli), Friday, 6 December 2013 20:21 (ten years ago) link
http://bitcoin.clarkmoody.com
― lag∞n, Friday, 6 December 2013 20:27 (ten years ago) link
Mt. Gox apparently has this glitch where it throws itself into a loop
http://i.imgur.com/pbWzMKG.jpg
What an efficient market looks like imo
― 乒乓, Friday, 6 December 2013 20:29 (ten years ago) link
it's bouncing a little but people are still dumping
― Jersey Al (Albert R. Broccoli), Friday, 6 December 2013 20:30 (ten years ago) link
wonder who is long on Bitcoins on 12/6/2013 at 3:30pm EST
― Jersey Al (Albert R. Broccoli), Friday, 6 December 2013 20:31 (ten years ago) link
bitcoins have been jingling in some distinguished pockets lately. bitcoins have been jingling in some distinguished pockets lately. bitcoins have been jingling in some distinguished pockets lately. bitcoins have been jingling in some distinguished pockets lately. bitcoins have been jingling in some distinguished pockets lately. bitcoins have been jingling in some distinguished pockets lately. bitcoins have been jingling in some distinguished pockets lately. bitcoins have been jingling in some distinguished pockets lately. bitcoins have been jingling in some distinguished pockets lately. bitcoins have been jingling in some distinguished pockets lately. bitcoins have been jingling in some distinguished pockets lately. bitcoins have been jingling in some distinguished pockets lately.
― Tip from Tae Kwon Do: (crüt), Friday, 6 December 2013 20:49 (ten years ago) link
https://www.youtube.com/watch?v=xU5lQsV0L6s
― SHAUN (DJP), Friday, 6 December 2013 20:52 (ten years ago) link
was down to ~600 half its original value, it recovered a lil bit but still, lol
― lag∞n, Saturday, 7 December 2013 15:51 (ten years ago) link
bitcoin.txt @bitcoin_txt 3mconfirmed that A.) this is about trust B.) we didn't see a bubble beforehand, we just saw gained trust expressing itself on the pricechart.
― lag∞n, Saturday, 7 December 2013 16:01 (ten years ago) link
http://lamborghininewportbeach.blogspot.com/2013/12/we-just-sold-our-very-first-vehicle.html
Lol, happened 2 days before the crash
― 乒乓, Saturday, 7 December 2013 17:05 (ten years ago) link
lol stupid stupid lamborghininewportbeach
― lag∞n, Saturday, 7 December 2013 17:09 (ten years ago) link
For once in my life I recommend looking at the comments
http://i.imgur.com/VoWIsi3.png
― 乒乓, Saturday, 7 December 2013 17:13 (ten years ago) link
http://i.imgur.com/4elWwD8.png
― 乒乓, Saturday, 7 December 2013 17:14 (ten years ago) link
http://i.imgur.com/zVuql5s.png
This dude got 3+ bitcoins by begging
Remember that story of the tech entrepreneur who tried to teach a homeless man to code in NYC
We are so close to the next level of a tech entrepreneur giving homeless people bitcoin wallets to request donations online
― 乒乓, Saturday, 7 December 2013 17:17 (ten years ago) link
wow this cool new currency is sure to be a huge sucess
― lag∞n, Saturday, 7 December 2013 17:18 (ten years ago) link
Rent &Insurance &Obamacare &Car
― sleepingbag, Saturday, 7 December 2013 19:34 (ten years ago) link
holy http://www.coinion.com
― lag∞n, Saturday, 7 December 2013 23:01 (ten years ago) link
Cringing so hard right now
― 乒乓, Saturday, 7 December 2013 23:05 (ten years ago) link
lol
― mh, Saturday, 7 December 2013 23:17 (ten years ago) link
bitcoin.txt @bitcoin_txt 1mthe true value of Bitcoin without interference of the exchanges…Therefore ALL bitcoins equal the total value of all the earths raw materials
― lag∞n, Sunday, 8 December 2013 03:42 (ten years ago) link
AnonymousDecember 4, 2013 at 2:11 PMBuy me a lambo! 1HL6YgkkGv7bKRhRe6UtxPHHxot5Ep6yKz
― am0n, Sunday, 8 December 2013 17:16 (ten years ago) link
AnonymousDecember 5, 2013 at 2:29 AMlol at the ponzi scheme comments. Dinasaurs!
AnonymousDecember 5, 2013 at 7:09 PMDinosaurs old enough to remember Pets.com. Yes sir son, I've seen this movie before. It does not end well.
― am0n, Sunday, 8 December 2013 17:19 (ten years ago) link
Last night I talked to my friend's bro who's very much ~in~ the tech industry
He told me he bought 10 bitcoins when the price was at $200 and sold at $1000
Good man
Also told me about his plans for a [REDACTED UNDER NON-DISCLOSURE AGREEMENT] which I thought was really interesting
― 乒乓, Sunday, 8 December 2013 18:25 (ten years ago) link
ChaseBankCoin
― Brakhage, Tuesday, 10 December 2013 18:34 (ten years ago) link
c+p for those of us without financial times subs?
― Strangers look on with a discernible, barely contained ‘wow’. (forksclovetofu), Tuesday, 10 December 2013 18:58 (ten years ago) link
whoops my bad
JPMorgan Chase has filed a US patent application for a computerised payment system that resembles some aspects of Bitcoin, the controversial virtual currency. Like Bitcoin, JPMorgan’s proposed system would allow people to make anonymous, electronic payments over the internet, without having to reveal their name or account numbers or pay a fee, according to the patent application. [...] JPMorgan’s proposed system involves creating “virtual cash” that would sit in an online wallet reminiscent of the computer files that hold Bitcoins on behalf of their users.The JPMorgan system would also create a public record of transactions made using the technology – a feature that would appear to mirror Bitcoin’s use of “blockchain”, a massive block of code stored across a peer-to-peer network of computers that acts as a public ledger of all Bitcoin transactions.
― Brakhage, Tuesday, 10 December 2013 19:21 (ten years ago) link
100% never happens
― lag∞n, Tuesday, 10 December 2013 19:23 (ten years ago) link
if it does though, fucking lol
"bitcoin will set us free until a giant financial institution patents everything about it that we like"
― SHAUN (DJP), Tuesday, 10 December 2013 19:24 (ten years ago) link
hard to see what would be in that for JPM -- maybe they just want the patent as a potential block to other companies?
― signed, J.P. Morgan CEO (Hurting 2), Tuesday, 10 December 2013 19:25 (ten years ago) link
companies just patent shit constantly 99% add up to nothing
― lag∞n, Tuesday, 10 December 2013 19:27 (ten years ago) link
unless of course they're planning on co-opting/charging all of the bitcoin exchanges based on the strength of their patent
― SHAUN (DJP), Tuesday, 10 December 2013 19:29 (ten years ago) link
Also looks like Chase is just developing their own proprietary bitcoin
― 乒乓, Tuesday, 10 December 2013 19:30 (ten years ago) link
yeah i mean they had a meeting and a guy was like maybe one day we want to build our own bitcoin or sue bitcoin or something and another guy was like sure ok send it over to legal
― lag∞n, Tuesday, 10 December 2013 19:35 (ten years ago) link
u never bitcoin
― am0n, Tuesday, 10 December 2013 19:44 (ten years ago) link
Bitcoin back up to $1000, dump and pump in full effect.
― Jersey Al (Albert R. Broccoli), Tuesday, 10 December 2013 19:44 (ten years ago) link
that chase thing makes me thing of labels fucking about with bittorrent distribution and not doing anything with it
― Strangers look on with a discernible, barely contained ‘wow’. (forksclovetofu), Tuesday, 10 December 2013 19:49 (ten years ago) link