#1
Post rating: ~
the fbi confiscated all of them that the chinese didnt crash or somethin i dont bitcoin

people keep talking abotu this thing and i dont know why they're talking about they're computer made a money

seems like the sort of thing the news should have lost interest in, like, a long time ago

Edited by angelbutt_dollface ()

#2
Not Your S.H.I.E.L.D.
Post rating: +
$25 of bitcoin in 2010 is worth almost $7,000,000 now, and thats after a recent price drop of like 40%

turns out the joke was on us all along
#3
Post rating: +
some dude was in the british press the other day sobbing about an old hard drive he took down to the local dump about 3 years ago: The Bitcoins on it are now worth 6 and a half million US dollars
#4
Post rating: ~
on the other hand the volume of trade is still so low we don't know if the price is solely due to mtgox and other exchanges buying bitcoins from itself so it gets more in commission
#5
Post rating: ~
i see people dismissing it because of a lack of inherent value and a worth made up arbitrarily on computers but isn't that what the Fed basically does anyway?

$25 of bitcoin in 2010 is worth almost $7,000,000 now, and thats after a recent price drop of like 40%



What's the actual exchange system like? Say you had 7 Mil of bitcoins could you actually sell it and get 7 million US dollars for it pretty straightforwardly?

#6
Post rating: ~
it would cause the price to drop by about $50/bitcoin at this point, and potentially cause a run that causes it to plummet even more

http://bitcoin.clarkmoody.com/
#7
UNUSUALY COOL
Post rating: ~
nothing says revolutionary never before seen idea like a handful of idiot part-time speculators helplessly riding a handful of wealthy real world investors up and down in the market like gnats on a bucking bronco
#8
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it seems like its gotta be worthless as an actual currency. drastic fluctuations in value and general instability seem like a really bad thing when youre trying to buy a loaf of bread or something
#9
political car tune
Post rating: ~
sa calls em buttcoins now
#10
Post rating: +
also your local chinese food place wont accept it and will get angry if you leave a little thumbdrive with some bizarre encoded file on it as payment
#11
political car tune
Post rating: +

TG posted:

also your local chinese food place wont accept it and will get angry if you leave a little thumbdrive with some bizarre encoded file on it as payment

lol ive been doing that since Hackers (1995)

#12
UNUSUALY COOL
Post rating: ~
my favorite bitcoin story recently is the guy who realized that he'd just thrown away an old hard drive that would now be worth $7.5 million, because it establishes that bitcoins are baseball cards
#13
UNUSUALY COOL
Post rating: ~

Ironicwarcriminal posted:

some dude was in the british press the other day sobbing about an old hard drive he took down to the local dump about 3 years ago: The Bitcoins on it are now worth 6 and a half million US dollars



thats the one

#14
Not Your S.H.I.E.L.D.
Post rating: +

TG posted:

it seems like its gotta be worthless as an actual currency. drastic fluctuations in value and general instability seem like a really bad thing when youre trying to buy a loaf of bread or something



it IS currently worthless as an actual currency precisely because of its market volatility. but its market volatility is precisely what also makes it totally fucking great as a pump&dump commodities market to get rich quick off of, which is why im full of about $30 million dollars worth of self-loathing and flagellation right now

#15
political car tune
Post rating: +

libelous_slander posted:

TG posted:

also your local chinese food place wont accept it and will get angry if you leave a little thumbdrive with some bizarre encoded file on it as payment

lol ive been doing that since Hackers (1995)

didn't really have thumbdrives back then, so:

#16
Not Your S.H.I.E.L.D.
Post rating: ~
currently depressing fact: he earned that ~$7 million USD worth of bitcoins by running the bitcoin mining software for one week, back when doing so was still computationally quick and cheap
#17
Not Your S.H.I.E.L.D.
Post rating: ~
do you fuckers have any idea how much communism i could do with $30 million dollars?
#18
Not Your S.H.I.E.L.D.
Post rating: +
a chicken in every pot...a 3D printed gun in every hand...
#19
UNUSUALY COOL
Post rating: +
you should feel better because you dont actually have the capital to pump and dump, what you're wishing you did is win a bunch at roulette and then cash out at exactly the right time to beat the house, which even the people who do it don't know how to do. peace brother.
#20
political car tune
Post rating: +

Superabound posted:

a chicken in every pot...a 3D printed gun in every hand...

a pitbull in every dogpark, a grimes album in every stereo

#21
Kurdt
Post rating: ~
mtgox
#22
Post rating: +
i own 37 bitcoins currently
#23
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Ironicwarcriminal posted:

some dude was in the british press the other day sobbing about an old hard drive he took down to the local dump about 3 years ago: The Bitcoins on it are now worth 6 and a half million US dollars



yeah it was a fookin taff

#24
Post rating: +
dogecoin

#25
Dont Mess With Sucess
Post rating: +

daddyholes posted:

nothing says revolutionary never before seen idea like a handful of idiot part-time speculators helplessly riding a handful of wealthy real world investors up and down in the market like gnats on a bucking bronco

i bet there are gnats specially evolved to cling to broncos

#26
Post rating: ~
i dunno with the size differential it probably aint no thang
#27
Kurdt
Post rating: +
thats what she said
#28
Not Your S.H.I.E.L.D.
Post rating: ~

daddyholes posted:

you should feel better because you dont actually have the capital to pump and dump, what you're wishing you did is win a bunch at roulette and then cash out at exactly the right time to beat the house, which even the people who do it don't know how to do. peace brother.



well im no eXpert but im assuming that you dump your Virtually Zero Risk $0.02 per unit initial investment when the Chinese speculators start going hogge wyld and it hits $1000 on the online exchange market. or at any point before that. or after it. even if it went all the way back down to $0.04 you would still have doubled your money

#29
Post rating: +
not sure if im doing it right but i am eagerly awaiting my first doge

#30
Kurdt
Post rating: +
is bitcoin mining and its variants a way for the NSA to harness computing power of the nerdistocracy for the purpose of brute forcing difficult encryption problems? some say it might well be
#31
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bitcoins are stupid
#32
Post rating: ~
bitcoins and minecraft, equally worthless time sinks for the digitally empowered autist
#33
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I have 4.5 bitcoins on an old IDE harddrive from when it was new and i fucked around with mining for like a week.

My new computer doesnt have any IDE ports and im too poor to buy a converter to cash in on my $4k
#34
Post rating: ~

Joe_the_Plumber posted:

I have 4.5 bitcoins on an old IDE harddrive from when it was new and i fucked around with mining for like a week.

My new computer doesnt have any IDE ports and im too poor to buy a converter to cash in on my $4k



I'll paypal you $20 to ship the drive to me.

#35
Not Your S.H.I.E.L.D.
Post rating: ~
if you ship the drive to ME ill cash in the bitcoins and pay you $40 +shipping costs
#36
Post rating: ~
if you ship the drive to ME ill
#37
Kurdt
Post rating: +
fuck it and ill suck it. today
#38
Not Your S.H.I.E.L.D.
Post rating: ~
Rhizzone Pritzza Party at my place. entrance fee: one (1) BitDrive per Guest. live music featuring Shokazoba & The Pizza Underground
#39
Kurdt
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what if pizza was about heroin addicted transvestites
#40
Poronto
Post rating: ~
^ fuck off u bigot