bit¢oin$

Bitcoin's market cap is ~11 billion and a single bitcoin is worth $927 which means there are about 12.14 million bitcoins out there right now

xp!

That graph is interesting because even though more + more people are throwing money at mining bitcoins every day the number of new bitcoins created has more or less remained constant

It is interesting, that's something that I've found kind of fascinating about the design of bitcoin (I mean I think it was more or less designed to do that).

http://i.imgur.com/47Agxuy.jpg

well it i guess it comes down to what she meant by like five years ago but anyway since bitcoins were worth less than a dollar then hundreds of thousands of dollars in bitcoins wouldve been more bitcoins than hundreds of thousands of bitcoins

yeah I mean hundreds of thousands worth at todays values. Or else she could have been basing that on the current denomination in 1000ths I guess.

prob someone just offered her hundreds of thousands of bitcoins

i mean didn't someone spend like 10,000 BTC on a pizza

maybe it was hundreds of thousandths of bitcoins and she thought he just had a lisp

satoshi nakamoto invented a new form of currency just so he could immediately offer her hundreds of thousands of something to perform on second life

when his request was spurned he felt so much shame he decided to spend the rest of his life in hiding

fa¢t

It seems like a funny byproduct of the bitcoin craze that people are actually talking about second life again...

almost as though it had taken on a...

new status as a topic of interest

second coin

there are no second lives in american coin

lily-allen-calls-herself-an-idiot-for-declining-bitcoin-payment-now-worth-millions-9046211.html

Yahoo Malware Turned European Computers Into Bitcoin Slaves

can someone link to the definitive krugman or whoever critical appraisal on bitcoin and why it's dumb

idk if all the reasons its dumb have been captured in one place because there are so many

this one is really good imho https://al3x.net/2013/12/18/bitcoin.html

and heres krugman http://krugman.blogs.nytimes.com/2013/12/28/bitcoin-is-evil

it's p funny that the fact that ZYNGA decided to accept bitcoin sent the price shooting up

Hey, remember that time when Zynga IPO'd at $9+ per share? And remember how it's now worth $4/share? And remember how the company is still somehow worth $3.36 billion yet has no earnings?

zynga: we will buy this pictionary rip off game for $100m because it is sure to be popular forever
investors: this is surely a company with vision i will buy thier cool stock and grow rich
the end

can someone link to the definitive krugman or whoever critical appraisal on bitcoin and why it's dumb

critical appraisal in 4 words: high tech junk bonds

http://i.imgur.com/Tx3JxLl.gif

god i love that magazine

lol

bloomberg business week's art direction is the best

here's the article: http://www.businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up

For sure, non-GIF version:

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

that's real?

http://i.imgur.com/Cv8uCZm.jpg

that's real?

― |$̲̅(̲̅ιοο̲̅)̲̅$̲̅| (gr8080), Thursday, January 9, 2014 9:48 AM Bookmark Flag Post Permalink

Even the flow chart?!

omg

yeah they've been doing flow charts documenting their cover creation process lately, p cool imo

http://images.bwbx.io/cms/2013-12-11/covertrail51_630b.jpg
http://images.bwbx.io/cms/2013-10-30/covertrail45_630.jpg

lmao well no i was looking for dolphins a+

http://www.slate.com/content/dam/slate/blogs/moneybox/2013/02/28/racist_businessweek_cover_bloomberg_businessweek_misfires_badly/1362066630372.jpg.CROP.article568-large.jpg

did they do a cute flowchart for this one

fell over themselves non apologizing iirc

I really do kinda like Bloomberg Businessweek tho, we get it at the office

yeah its good, they are def smart abt doing cool fun stuff in print thats better than a blog

yeah it's not dry, and not unpallatably conservative like a lot of business publications

He estimates his two fastest computers will earn him $150,000 each this year. “It takes up a lot of time, but I have no kids. I have no life. I have a cat.”

https://megabigpower.com/shop/index.php?route=product/product&product_id=50

I have this strange impulse to pronounce the word like it's french every time I see it ("BEET-kwahn").

#yolo

that business week cover wouldve been cooler if they had the artist paint the bitcoins instead of shopping them in imho

Or if they paid the unicorn artist in bitcoins for the rights.

wow yeah i like it, business week getting getting conceptual