bit¢oin$

seriously thinking about buying $3500 of dogecoin

― action bronson pinchot (sanskrit), Wednesday, January 15, 2014 3:22 PM (4 days ago) Bookmark Flag Post Permalink

fucking hell value has already doubled since posting that, i'm still stuck in the 4 business day ach xfer bs at Coinbase

https://www.youtube.com/watch?v=6MnQJFEVY7s

dogecoin subreddit raised 30,000 dollars to help send the jamaican bobsled team to the olympics

jfc

you know what would solve a lot of bitcoin's "security problems"? A bitcoin bank. lol.

Hence Bitcoin’s wry new nickname in legal circles: “Prosecution Futures.”

http://www.nytimes.com/2014/01/19/business/eagle-scout-idealist-drug-trafficker.html

^^^ great fuckin piece

Dread Pirate Roberts considered his work epochal because he was not just promoting the sale of illicit goods. He was reimagining the fundamentals of commerce.

"y'know, except for the whole keeping 10% of every transaction thing..."

a small price to pay for liberty

http://gs1.wac.edgecastcdn.net/8019B6/data.tumblr.com/e08844792548f19dd8231c89fea3baa7/tumblr_mztx8vyTrY1rby04wo1_500.gif

via a double-plus obese poster

lmao

at gif and descriptor

that's amazing

ok im in at 1.9 million doge. slow ass coinbase prevented me quadrupling in the run up since 1/15 but it also saved me from the mini crash of two days ago. whatever.

can i get a default swap on you y/n

y

oops http://www.theverge.com/2014/2/4/5374172/the-coin-prince-charlie-shrem-bitinstant-bitcoin-money-laundering-scandal

http://money.cnn.com/2014/02/07/investing/bitcoin-withdrawal-halt/

Mt.Gox said an increase in withdrawal requests caused technical problems for its systems.

lol, I wonder if that means "technically we don't have enough money to cover your withdrawal requests"

technically were taping millions of dollars in fiat currency to ourselves right now

http://blogs.reuters.com/felix-salmon/2014/02/06/why-bitcoin-wont-disrupt-digital-transactions

feel like this cld be a lil more throughly argued but is basically otm

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

http://i.imgur.com/yBkSPY6.jpg

http://blogs.reuters.com/felix-salmon/2014/02/06/why-bitcoin-wont-disrupt-digital-transactions

feel like this cld be a lil more throughly argued but is basically otm

― lag∞n, Friday, February 7, 2014 4:36 PM Bookmark Flag Post Permalink

I love Felix Salmon and if he did do a thoroughly reasoned take on this I'd take it pretty seriously, but I think this falls kind of short. He's basically just saying "this won't be disruptive because there are too many powerful interests involved." That's true with lots of "disruptive" technologies.

its even more true that most technologies never actually disrupt

like when people are all they scoffed at the internet too

thats a one hot technology every 40 years average

i mean it would be totally accurate to say that financial services has already been disrupted by the internet and m/l the same players still run the show

he is kind of just saying this wont happen because ppl dont want it to, its not really a convincing argument

hes saying that the benefits of the technology arent enough to overcome the not wanting

which i think is true, technology people love bitcoin cause its really cool technology but its benefits are not really that great in a world where all financial transactions are already digitized

http://www.bbc.co.uk/news/technology-26083733

Any demand from outside of Iceland?

https://www.youtube.com/watch?v=y7z2WFcEw5Y

My question is... What is he filming this with

**Important update**

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

like when people are all they scoffed at the internet too

thats a one hot technology every 40 years average

― lag∞n, Friday, February 7, 2014 6:05 PM Bookmark Flag Post Permalink

I know that comparison is dumb, but at the same time the internet isn't just like one disruptive technology, it's thousands of disruptive technologies/business models

bitcoins are a series of boobs

www.goatse.cx

http://www.wired.com/business/2014/02/rise-fall-rise-patrick-byrne/

Burt Stuntin (Hurting 2)
Posted: February 10, 2014 at 4:54:19 AM

I know that comparison is dumb, but at the same time the internet isn't just like one disruptive technology, it's thousands of disruptive technologies/business models

literally infinite disruptive business models *j/o motion*

disruptive to my netflix enjoyment anyway

I mean in the actual theory behind "disruption" it's not *The Internet* that's disruptive, it's various applications of the internet to various industries.

but whatever, keep being too cool to notice shit changed

lol u cant possibly be srs

buy some bitcoins or stfu u clown

blowing yr own schumpeter

lessons in internet form hurting a guy who has read a number of articles

it wld be interesting to compile a list of all the industries the internet has actually disrupted: print advertising...

obvs there are bigger one on the horizon, retail prob being the nearest, but so far the effects of the internet
have been more access to communication and information and less disrupting big established industries

the idea that start up dudes are gonna suddenly disrupt financial services rings all the bells of hubristic technological overreach, theyre very arrogant and cant see the difference between technology and not technology

the ultimate example is bill gates thinking hes gonna throw his money around and eliminate malaria, he really thought he was just smarter than all the public health and medical people even tho he had zero domain experience, the ongoing failure of education disrupters is p lol too

so while I am personally a big believer in the long term transformative power of the internet its really easy to overstate how much its done so far and what its really good at and not good at and my skepticism of bitcoin thing has to do mostly w observing these patterns

tbf i think what bill gates is doing is super great and helpful but he def displayed some classic nerd tics along the way

the things that 'need to be disrupted' in the financial industry aren't actually the things that bitcoin is 'disrupting'. it is not hard to buy things with us dollars either irl or online. in fact it's so easy that some existing technology that makes it easier to buy things (like buying stuff using your phone) is having trouble catching on, because the marginal convenience isn't worth the trouble.