bit¢oin$

yah i know

graphs are pretty, and if you scale them right, you can make them line up perfectly

http://www.dailydot.com/business/bitcoin-gambling-just-dice-video-casino/

its the famous "stages of a bubble" graph from 2008 and its hilarious that each bitcoin crash looks exactly like it

I thought it was taken from the robot textbook on uncanny valley.

I know what it is, I'm just not convinced it applies here -- yet.

it doesnt matter if it applies?

http://rlv.zcache.com/ask_me_about_my_bitcoin_mining_rig_tshirt-red5fc514e3974eb78590e0baf7a657b7_804gs_512.jpg

I know what it is, I'm just not convinced it applies here -- yet.

― signed, J.P. Morgan CEO (Hurting 2), Wednesday, December 18, 2013 3:41 PM (28 minutes ago) Bookmark

its just funny u wiener

its just funny -- u wiener.

graphs are pretty, and if you scale them right, you can make them line up perfectly

a new paradigm in linear systems thinking!

http://i.imgur.com/18PvmXh.png

the world is a strange and beautiful place

oh my god

excellent piece https://al3x.net/2013/12/18/bitcoin.html

right because there was the part where all those "institutional investors" went into bitcoin

― signed, J.P. Morgan CEO (Hurting 2), Wednesday, December 18, 2013 7:19 PM (Yesterday) Bookmark Flag Post Permalink

Winklevosses don't count?

actually I wonder if the Winklevosses have cashed out at some point

they traded their coins for afghani hash iirc

excellent piece https://al3x.net/2013/12/18/bitcoin.html

― lag∞n, Thursday, December 19, 2013 12:14 AM Bookmark Flag Post Permalink

This is a good piece.

I had a kind of revelation about Bitcoin that it is actually DESIGNED to create a speculative "bubble", in fact, it needs one or else it can never take off, which is not to say that I think it's going to take off, just that I think the "tulip mania" articles are kind of simplistic and point-missing. If it worked as it were supposed to, I realized, it would basically HAVE to rise massively in value until the total market cap of bitcoin reached an actually useful level for a "currency" or "value store" or whatever the hell you want to call it. Much in the same way that oil needed oil manias to become an industry, bitcoin needs bitcoin mania.

Interesting point. It comes down to network effects being crucial to making bit coin in any way useful, the problem with the mania so far is that it's been about mining and hoarding rather than creating a transaction ecosystem. Money needs to have velocity to have value, at the moment it feels like it is just shiny rocks.

I'm waiting for the day when Satoshi is revealed to be an economics professor with a sense of humour.

https://www.youtube.com/watch?v=k8LqlMzEe-I

XD

great article lag∞n, thanks

loool "Bitcoin, totally untraceable"
http://www.bestforfilm.com/wp-content/uploads/2011/01/8.jpg?09d1f2

totally fucken untraceable some real sick shit

You press the button on the bitcoin drive to find out how much bitcoin cash you have left.

To be fair I think the dude is a robot

anyone who watched the mlb playoffs knows exactly who that guy is lordamercy

totally fucken untraceable some real sick shit

https://www.youtube.com/watch?v=hkDD03yeLnU

http://dealbook.nytimes.com/2013/12/21/into-the-bitcoin-mines

“We don’t want downtime — ever, never,” he said. “Not with what we paid. Not with Bitcoin.”

some of the comments are hilarious:

hkny
So, if I understand this, companies can "earn" money, Bitcoins, by winning a puzzle game. They then expect others to accept these game guessing prizes for goods and services at increasingly inflated rates. Of course, no hacker would ever be able to break into the system and write some new coins for himself, or redistribute some others stockpiled.

Dec. 21, 2013 at 7:46 p.m.RECOMMENDED1

ploatmanMechanicville NY
Verified
How long before hackers break into the system?

Dec. 21, 2013 at 5:22 p.m.RECOMMENDED2

you could make a lot of bitcoins making a bitcoin game that makes you bitcoins

Silicon Valley has a seemingly endless capacity to mistake social and political problems for technological ones

So true - I'm trying to think of the top 5 or 10 examples and where Bitcoin would rank amongst them

when all youve got is a compiler

http://www.theverge.com/2013/12/23/5238764/news-anchor-receives-bitcoin-as-a-christmas-gift-on-air-stolen-promptly

Shoutout to my homie markers for that one

lulz

much lol http://www.buzzfeed.com/jwherrman/millions-of-dogecoins-stolen-in-apparent-heist

<3

im looking to invest a lil cash in a satirical crypto currency

who let the doge out

wow, this @bitcoindesk scam pretty much says it all doesn't it

http://www.reddit.com/r/Bitcoin/comments/1tlhay/bitcoindesk_discussion_thread/

http://i.imgur.com/nTvEQ4l.png

No one deserves to be robbed on Christmas. Through stupidity or otherwise.

heh

its pretty funny how bitcoins lack of fraud protection/dispute resolution is pitched as a feature

credit card companies might be usurious but they do serve some purpose

its just like cash that you leave lying around on the internet!

5h I think it would attract more people if you cleaned up the btcdoubler site and maybe removed the santa/flipping off picture..
4h Any updates?

that was my favorite part

much lol http://www.buzzfeed.com/jwherrman/millions-of-dogecoins-stolen-in-apparent-heist

― lag∞n, Wednesday, December 25, 2013 11:55 PM (Yesterday) Bookmark Flag Post Permalink

someone call Doge the Bounty Hunter

I lost everything please help