Bitcoins

well Gox has more liabilities than assets, not even counting Bitcoins. don't forget that the DOJ is "holding" a lot of their money for them..

anyway as o.nate points out this may not even be a theft. apparently a ton of bitcoins sit in accounts that Gox once transferred cash to in 2011 to prove they were still solvent (after they got hacked the first time), and they still haven't moved, so there's a chance that they may have just lost the private key (!!).

I had an extra computer and free electricity last year and mining still made less monetary sense than parting out the computer on Ebay.

i mean that's really the despicable thing about all this, there's soooo much electricity being wasted on this to create essentially nothing

Hmm, apparently also $27 million in cash missing:

http://arstechnica.com/business/2014/03/mtgox-code-posted-by-hackers-as-company-files-for-bankruptcy-protection/

im wondering when the pr0n industry will come up with f***coins

t*tcoins. please.

fartcoins and totcoins

The Japanese government will set rules for trading bitcoins, defining the virtual tender not as a currency but as a commodity akin to gold.

Trading gains will be taxed, and companies will need to pay tax on revenue earned from Bitcoin transactions. But enforcement could prove difficult, as tax authorities will have to track down users.

2 days til Snoopcoin
https://becausepool.com/dogg/

Smart move by the Japanese government. Establishes the legal norm and allows penalties for non-payment of the tax. Difficulty of enforcement is not the main issue imo.

sounds like this is just going to give them the ability to prosecute people

http://static.adzrk.net/Advertisers/5af77cf0094d4303bb308b955dd05992.jpg

http://www.pokernews.com/news/2013/12/bitcoin-guide-3-17102.htm
http://www.pokernews.com/news/2013/12/bitcoin-guide-2-17049.htm

anybody on ilx play poker with bitcoins? seems like the most reasonable way to use this stuff: as magical play money

on the other hand

Despite the collapse of the biggest Bitcoin exchange, Tokyo-based Mt. Gox, which cost its customers $500 million in cryptocurrency deposits, the U.K. authorities are about to endorse the virtual currency. Her Majesty's Revenue and Customs announced that it would not charge the 20 percent value-added tax on Bitcoin trades or even on traders' margins. This means the U.K. is prepared to treat Bitcoin as money in the framework of an EU law that exempts payments and transfers of "negotiable instruments" from tax. Thanks to the ruling, London may soon become the capital of the Bitcoin world and the decentralized currency may yet rebuild its reputation after the recent scandals.

looks like Poloniex (another BTC exchange) got hacked, it never ends

is that separate from the flexcoin exchange? that one was hit also

http://i62.tinypic.com/209ojzn.png

this UK thing still doesn't explain why anyone would actually want to use bitcoins

haha read iXcoin those as ilxcoin for a sec

http://coinmarketcap.com/

bitbugs remind me of the anti vaccination crowd, so fixated on a fear with a remote possibility of happening (autism/collapse of dollar) when their solution is much more likely to fuck them over (polio/pertussis/MMR/bitcoin exchange collpase and or theft)

though I guess that's true of a lot of human nature

So far it seems that Bitcoin offers unproven, speculative benefits for legitimate users and numerous, well-established advantages for hackers and criminals.

truth bomb:

Bitcoin, at the moment, is in a slump, with a community that has become its own parody … The Bitcoin masses, judging by their behavior on forums, have no actual interest in science, technology or even objective reality when it interferes with their market position. They believe that holding a Bitcoin somehow makes them an active participant in a bold new future, even as they passively get fleeced in the bolder current present.

cross posted from other thread:

http://nymag.com/daily/intelligencer/2014/03/doomsday-cult-of-bitcoin.html

"...Mt. Gox, a former Magic: The Gathering card exchange that morphed into Bitcoin’s largest trading floor..."

I did not know this.

mind was blown when i realized mt gox was an acronym for magic the gathering online xchange

I have no idea how realistic this is, but it's interesting to think about. Definitely there are lots of suggestive loose ends.

Peter R’s Theory on the Collapse of Mt. Gox
https://bitcointalk.org/index.php?topic=497289.0

I love how some "journalists" think it's actual "news" or "reporting" when they just recycle a bunch of old "doom & gloom" related Bitcoin stories and act as though their uneducated opinion actually counts for something. Bitcoin is about the future... and this reporter is living in the past. Why not report on any of the numerous good things Bitcoin is doing and actually make a contribution to society rather than dumbing it down. Just say'n... Although I have much more I'd like to say, I'll stop right there because it's obviously pointless with some people and I have better things to do than get in a "Comments" shouting match. If you're genuinely happy & satisfied with the way things are in this economy & have no hopes or ambition to change the future (or at least "report" on it)... then that's fine by me. I'll be sure to wave every once in awhile when I look back and see you in my rear view mirror....

kudos

I'll be sure to wave every once in awhile when I look back and see you in my rear view mirror....

Your like 30 and your spending you're time complaining about video games on a forum full of other 30 yr olds and sprinkled with the occasional gay teen. Guess what I'm gonna be doing when I'm 30. Let's just say first I'll get up out of a 5000$ bed in my waterside mansion on the east coast of japan, awoken by the light of the rising sun that glorious island is nicknamed after. I'll gently lift myself out of bed so as not to stir my beautiful eastern european pale skin dark hair small boobs wife and go to my huge walk in closet. I'll come back out moments later wearing a really expensive italian suit. Strolling down the corridor I come into a room with glass cases full of the trophies of my achievements. I proudly look at all of them and then move into the next room, it's the room with a wall-sized HD display and walls upon walls of DVDs, mostly Anime but with a few Western classics throuwn in there. Jealous yet? Next I move into the kitchen and have my servant make me a breakfast, its usually pancakes with chocolate chips and whipped cream, but today... lets go healthy. Just a few slices of apple, Servant. Thank you. How delicious. Now I'm strolling into the living room about to make for the door so I can go out and enjoy my day at Comiket, but in the corner there I see something. I walk over by the 5000 dollar gaming rig, its turned off for now but later tonight I'll be playing Prostitute Farm Online, max settings and DirectX12. I begin to turn and make for the door again but then i stop and look at the black monitor screen (no less than 40 inches, btw). I just laugh. And laugh and laugh. I'm laughing because the guy who was 30 when I was a 17 year old pathetic yix poster is still a yix poster, meanwhile, I'm living the literal dream. All because I shoot for the top. Deal with it, bitch. YCS.

"Your like 30 and your spending you're time complaining"

Hat trick!

Plz tell me that's a parody.

lol I was hoping the opposite, tell me thats for real!!!

mostly Anime but with a few Western classics throuwn in there. Jealous yet?

i stop and look at the black monitor screen (no less than 40 inches, btw).

It's brilliant either way.

Thank you. How delicious.

such a treat to see people discover this for the first time.

What the fuck did you just fucking say about me, you little bitch? I’ll have you know I graduated top of my class in the Navy Seals, and I’ve been involved in numerous secret raids on Al-Quaeda, and I have over 300 confirmed kills. I am trained in gorilla warfare and I’m the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your life. You’re fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that’s just with my bare hands. Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States Marine Corps and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn’t, you didn’t, and now you’re paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You’re fucking dead, kiddo.

- Bob Marley

I'm looking forward to the collapse of Google Glass. I hope it's right out of "The Jerk."

I am trained in gorilla warfare and I’m the top sniper in the entire US armed forces.

I am trained in gorilla warfare

gorilla warfare

gorilla

uh oh

http://newswatch.us/28-year-old-ceo-of-bitcoin-exchange-dead-after-possible-suicide/

Rupert Chappelle •12 hours ago
Ghaddafi farked with the bankers, Kennedy farked with the Bankers, Lincoln farked with the bankers, any questions?

18 △ ▽

flexcoin got caught sleepin in the turning lane
ganked

http://www.businessinsider.com/flexcoin-2014-3

anyone want to buy ILECOIN?

ile buy that for a dollar!

someone come up with 133 ways to make the number 752834756982734658723645 using multiplication

ILE buy that for a dollar

I fucked up a dadjoke :(

http://stream1.gifsoup.com/view6/2144703/i-learned-it-by-watching-you-o.gif