bit¢oin$

http://www.reuters.com/article/2014/08/29/us-usa-crime-bitcoin-idUSKBN0GT2J420140829

I think we may be entering our final descent

http://static4.businessinsider.com/image/5431ca6c6bb3f7fd40a032a4-1014-437/screen%20shot%202014-10-05%20at%206.40.42%20pm.png

rip i will miss the millions of tossed off ideas by tech luminaries and randos alike about how u were going to disrupt global finance

"you can do anything with the blockchain" --people

something weird is happening at the $300 price point. dunno if it's bots or someone selling a massive amount to themselves but there was an insane buywall there

Wait. I meant sell wall. Someone dumped like 25k coins at $300 apiece and the price has gone up since then. we're back to the levels of, say...Friday

http://bitcoinexaminer.org/fire-destroys-massive-bitcoin-mining-operation-thailand/

lol

The picture identified the mining operation as property of the group Cowboyminers, a team of European crypto-supporters currently based in Bangkok

According to Spondoolies-Tech, the equipment was uninsured and the warehouse’s “buildup was definitely not according to US electric code”.

(...)the culprit should be the flammable acoustic foam embedded into the warehouse’s walls.

a true libertarian utopia

Thought this bump would be about Silk Road 2 getting taken down, long story short someone from the FBI was an admin from day one and has everyone's addresses, lol

XD

The picture identified the mining operation as property of the group Cowboyminers, a team of European crypto-supporters currently based in Bangkok

this whole thing is like a neal stephenson story rewritten in the style of chris morris' four lions

BTW my bitcoin-loving computer programmer relative has gotten off the bitcoin train, moved on to other things, so the shine is definitely off

another category to add to the list of terrible westerners you meet traveling in asia

Oh man I have a story about that from a friend that I shouldn't post online

you can post it, just change your friend's name to "Dan Y."

Roberto S.!

Anyway the story is my friend (who is white) was sitting at an airport in China one day waiting for his flight

This other white guy sits next to him and strikes up a conversation

Within 5 minutes the other white guy is telling my friend how he's a professor at [x] university in [y big city] in China

And that he's had sex with a number of his grad students in exchange for approving their topics, being their advisor, etc. etc.

Like putting aside the awfulness of it, it just made me think how terrible westerners in Asia feel like they have nobody to brag about their 'conquests' to and will literally tell the first white person they see at an airport

vom

certainly a novel form of sex tourism

In conclusion if you're an old white guy traveling in Asia wearing a loose button down and socks with sandals I'm gonna give you a severe side eye

feel like if youre wearing a safari vest tho that makes u respectable prob just there to look at birds and/or ruins

Those dudes might just be in disguise. Check their bag to see if they brought a pair of binoculars

Dude with binoculars you're free to go. But guy with just the Go Pro is pretty sus and I won't be sitting next to him

they have so many pockets tho will take all day

holy shit that story

i figure anyone rocking the "80s cohost of the victory garden" look is deeply suspect no matter the continent

Probably appropriate that I am sharing this story on the same day that Gary Glitter appeared in court

andrew from yo is this racist joked on one episode of his podcast that maybe there really is such a thing as "white mans burden" in that being white means you have to deal with other white people automatically assuming it's cool to say gross racist shit around you all the time

Ah, he’s been to one of my families parties then?

https://pbs.twimg.com/media/B2gCH08CMAIsI4r.jpg

bcoin > google

from dis tweet

Rose Broome ‏@rosical Nov 15
What is this Bitcoin thing anyway? @balajis from @a16z tells us. #ThielSummit

firm highly invested in bitcoin economy tells u why bitcoin is so good

http://stpetersburgbowl.com/wp-content/themes/digalign/images/logo.png

Mayor Mike Duggan detailed Monday how Detroit has been victimized by cyber crimes, including how a city database was frozen in April and held for ransom.

Duggan said the city database was held hostage for a ransom of 2,000 bitcoins, an encrypted digital currency. A bitcoin is currently worth $401.75, making that ransom worth $803,500. Duggan said the ransom was not paid and the database wasn’t used or needed by the city.

lol but sad

http://gawker.com/magical-thinking-bitcoin-gathers-at-disney-1644521971

A hyperactive child stomped down the aisle as the cake crowd dwindled, shouting "I'M SATOSHI NAKAMOTO! I INVENTED BITCOIN!" over and over, to the delight of every guest.

That article made me feel cringeley depressed

there really is almost no difference between bitcoin and a fully blown cult now is there

https://vine.co/v/OrweWXlApWb

Bitstamp got "hacked" for 17k (or $5 million worth), Vault of Satoshi shuts down, seems like someone anticipated this and dumped a bunch of coins onto the market over the weekend, dropping the price to sub-270 levels. If Bitstamp runs like Gox it could drop it even further. And the BFL liquidation/subsequent panic selling hasn't even happened yet. Good time to sell short.

http://bitcoinity.org/markets/bitstamp/USD

what is happening here

the bitcoin chart for the last two years is starting to look almost exactly like that chart of the phases of a speculative asset

wait waht

https://twitter.com/djperry1973/status/572838855344304129
https://twitter.com/M3metic/status/572839173918474241
https://twitter.com/ChangeTip/status/572839187537403905

loooooooooooooooooooooooooooooooooooooooooooooooool

I've also been added to a bitcoin Twitter list

man these guys are WAY more fun than the GamerGate crowd