I get bored too but this takes "ill make the website" to insane teenage anarchist proportions...0_0
swampman posted:ok i guess i didnt understand this before, if you've got a bitcoin mining rig and i steal all your hard drives or whatever, now i have your bitcoins? like they are still connected to the physical realm? or what
you have the bitcoins
swampman posted:ok i guess i didnt understand this before, if you've got a bitcoin mining rig and i steal all your hard drives or whatever, now i have your bitcoins? like they are still connected to the physical realm? or what
there is a math formula that has 23 million unique solutions. or whatever the number is, i forget. it's hard to find what the solutions are, but once you find one you have "mined a bitcoin" and you publish the number out to the world and (skipping some details) part of it is encrypted with a private passkey that you store in a file on your hard drive.
everyone with a bitcoin app can see that it's a solution to the formula, so they can see that it's "really" a bitcoin, and since you were the first to publish it you own the bitcoin.
if someone gets that file on your computer (you may have heard of it, it is usually called wallet.dat) then they can publish transactions for the bitcoins that your keys work for. when you transfer a bitcoin to another person, you're publishing a transaction that says "instead of my key, this is actually owned by another person's key now."
every transaction is logged in the publicly readable/verifiable files that are transmitted between bitcoin clients in something called "blockchains" (because they are chains of blocks of transactions. i think.)
besides the hilarious rhetorical knots that people tie themselves up in when they try to argue for/against bitcoins, the second funniest thing about them is the ridiculous shit that people have done for/with their wallet files.
drwhat posted:besides the hilarious rhetorical knots that people tie themselves up in when they try to argue for/against bitcoins, the second funniest thing about them is the ridiculous shit that people have done for/with their wallet files.
![](http://i.imgur.com/69ltvEx.jpg)
tell me more
HenryKrinkle posted:ew
yeah that's gross, don't
innsmouthful posted:normally i'd feel bad about something like that but people who "invest" in bitcoins are so unbelievably stupid that there's no way they can actually have the level of conscious required to have emotions
yeah theyre stupid....STUPID RICH
innsmouthful posted:rhizzone should come up with a believable scam to acquire bitcoins from gullible nerds and thus become wealthier. do you think people would pay in bitcoins for designer drugs that mysteriously never show up
i know a fat gay muslim who needs some pants for an interview. bitcoins only please
Superabound posted:like i know youre all just trying to comfort me by telling me that not investing in bitcoin was the right thing to do but....its not working guys. i appreciate the thought but.....its just not working
this is the most popular address that receives bitcoins: http://legacy.satoshidice.com/
swampman posted:i bet there are gnats specially evolved to cling to broncos
if you mean "there is dumb money", yes, yes there is
Bloomberg anchor gets Bitcoin on live TV and is promptly robbed by a viewer
A business news anchor who was given a Bitcoin certificate on air was promptly robbed after he briefly displayed the digital currency.
Bloomberg TV anchor Matt Miller gave two colleagues, Adam Johnson and Trish Regan, $20 in digital currency in a “12 Days of Bitcoin” segment.
But Johnson unwittingly displayed the digital QR code for his money to the camera, and a viewer was able to use the private key to take his Bitcoin.
Reddit user milkywaymasta said he used his smart phone to scan the QR code that was displayed in high definition for about 10 seconds, allowing him to take the money.
“I took it, it was only $20 worth,” milkywaymasta said. “It was exhilarating nevertheless.”
He promised to return the money if Miller provides a new address so the QR code can’t be swiped again, but the anchor said he could keep the Bitcoin.
“So freaking classic but also a GREAT lesson in bitcoin security!” Miller tweeted. “You can keep the $20 — well earned.”
daddyholes posted:it wasnt the "right" thing to do to not buy bitcoins Superabound. what i am saying is that there are no "right" things to do in highly volatile markets, in the sense of "wise", unless you have truly substantial amounts to invest over and above your cost of living, preferably money that isn't yours to begin with
what part of "$25 of bitcoin in 2010 is worth $7,000,000 now" arent you getting?
i mean sure im an internet communist, but like, i HAD $25 in 2010 man
Superabound posted:daddyholes posted:it wasnt the "right" thing to do to not buy bitcoins Superabound. what i am saying is that there are no "right" things to do in highly volatile markets, in the sense of "wise", unless you have truly substantial amounts to invest over and above your cost of living, preferably money that isn't yours to begin with
what part of "$25 of bitcoin in 2010 is worth $7,000,000 now" arent you getting?
i mean sure im an internet communist, but like, i HAD $25 in 2010 man
its not really. not enough volume for all ur coins to trade at the current rate, it'd plummet quite fast
aerdil posted:its not really. not enough volume for all ur coins to trade at the current rate, it'd plummet quite fast
id sell them all to Americas local tv reporters filming stories about the hot new bitcoin trend
innsmouthful posted:i'm a daytrader now
more like, a daytraper