THE BORE

General => The Superdeep Borehole => Topic started by: Eschaton on February 25, 2014, 01:31:38 AM

Title: purchase Bitcoins, brehs
Post by: Eschaton on February 25, 2014, 01:31:38 AM
http://www.coindesk.com/mt-gox-trading-halts-bitcoin-businesses-move-assure-investors/

:neogaf

http://www.youtube.com/watch?v=xTgXnDZoYNA
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on February 25, 2014, 01:41:53 AM
June 2011: I swear to myself not to buy into the Bitcoin hype

2013: Kicking myself for earlier promise, but I stick to it despite really wanting to get in on the craze

February 2014: Patting myself on the back for not being so fucking stupid

20XX: Kill self when Bitcoins become official US currency and everyone who bought into the hype in 2011 become trillionaires
Title: Re: purchase Bitcoins, brehs
Post by: benjipwns on February 25, 2014, 01:48:17 AM
I store all my wealth in Liberty Dollars, so I'm already safe.
Title: Re: purchase Bitcoins, brehs
Post by: Eel O'Brian on February 25, 2014, 01:51:29 AM
EBay soon to be flooded with cheap used AMD video cards
Title: Re: purchase Bitcoins, brehs
Post by: benjipwns on February 25, 2014, 01:53:18 AM
Actually, I lied, I also have Steam Trading Cards and TF2 hats. So I have a more diversified portfolio than I let on.
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on February 25, 2014, 02:07:22 AM
How do you know it wont be litecoin or doge tho?

:hitler

All the more reason to potentially kill myself
Title: Re: purchase Bitcoins, brehs
Post by: HyperZoneWasAwesome on February 25, 2014, 05:02:26 AM
I still can't believe dodgecoins are a thing.
Title: Re: purchase Bitcoins, brehs
Post by: Dickie Dee on February 25, 2014, 06:46:19 AM
Hello friends,
MtGox is gone. So let's prepare ourselves.
On Tuesday, and for the rest of the week, all hell will break lose in the media. It will be blamed on MtGox, it will be blamed on Bitcoin, it will be blamed on the "bug," and it will, more than anything, be blamed on the "lack of regulation." Pundits and "experts" of all types will weigh in on the calamity. It will be world news in a matter of hours.
Get ready, because it will be an ugly week.
For all of you who lost money, my heart goes out to you. Some people lost a little, some lost a fortune. It will make people sick, and depressed, and full of grief. Personally, I had over 550 BTC in Gox. I will never get any of that back. If misery loves company, then we'll be enjoying a grand feast today.
I should have known better, of course. I take responsibility for leaving those funds with an entity that had proven incompetence repeatedly. I chose to ignore even my own warnings, for nothing more than the sake of convenience.
Gox is still at fault, to be sure, but I have learned the lesson. I hope it is not such an expensive lesson for others. And for all you observers, please take a moment to consider it as well.
Be mindful, however, that the wrong lessons are not learned, for that would be the true tragedy, indeed.
Let me suggest that the lesson is not that Bitcoin is broken. Bitcoin is fine.
Similarly, the lesson is not that security is impossible. Those who know what they are doing, can achieve it and help others to do so.
The lesson is not that nobody can be trusted. There are countless good men and women in this community who are worthy of trust, and some of the very best people I've ever met.
And finally, the lesson is not that we ought to seek out "regulation" to save us from the evils and incompetence of man. For the regulators are men too, and wield the very same evil and incompetence, only enshrined in an authority from which it can wreck amplified and far more insidious destruction. Let us not retreat from our rising platform only to cower back underneath the deranged machinations of Leviathan.
The proper lesson, if I may suggest, is this: We are building a new financial order, and those of us building it, investing in it, and growing it, will pay the price of bringing it to the world. This is the harsh truth. We are building the channels, the bridges, and the towers of tomorrow's finance, and we put ourselves at risk in doing so.
We are at risk from accidents. We are at risk from fraud, from corruption, and from evil. We are at risk from journalists seeking headlines and from politicians seeking power and glory. We are at risk from the very market we are trying to build - a market which cares not about our portfolio, our ambitions, or our delicate sympathies.
For all these risks, devastation will befall us repeatedly. Some of us will be discouraged. Some will be ridiculed and insulted. Some will be tricked, or swindled. Some of us will be crushed or caged. We will be set upon by all manner of antagonists, repeatedly, for a long time.
So why do we do it? Why do we build these towers that fall down upon us? Why do we toil and strain and risk our precious time, which is the only real wealth we possess?
Because the world needs what we're building. It needs it desperately. If that matters to you, as it does to me, then hold to that thought. You will see through the smoke, and your wounds will heal.
So shake it off, brothers, for this won't be the last calamity endured before the win.
Tonight, my heart is with you all.
Tomorrow, my head is down. My eyes are open. And I am building.
Toward peace and freedom,
Title: Re: purchase Bitcoins, brehs
Post by: fizzel on February 25, 2014, 08:24:41 AM
"About 14 coins. And it happens to be the last 14 coins my wife will ever let me invest in bitcoin. She wants nothing to do with it now. Not for investing, not for spending -- nothing. And it's a damned shame.
I love how all the other bitcoin companies got together to say that their money was safe. Did they think that would help people like me? Do they think my wife cares?
I love this community - I've been an evangelist since the early days - but no amount of guarantees or proof of solvency is ever going to win her trust back. And it kills me - because I know I'm not the only one who will be affected in this way.
Edit: spacing
Edit 2: let me reiterate that this is my fault, not MtGox's.
And let me add that this was her money, from her savings acct. $8,500 gone.
And finally: I'm pretty surprised/humbled by the response from /r/Bitcoin + Redditors in general. This sucks, no one in my offline life really understands, and I appreciate the comments. You guys are alright. :)"

worst thing about these gambling distinguished mentally-challenged fellows, they bring their loved ones down with them.
Title: Re: purchase Bitcoins, brehs
Post by: Joe Molotov on February 25, 2014, 08:25:00 AM
My new online trading site, Mt special fellow will fill in the gap.
Title: Re: purchase Bitcoins, brehs
Post by: Phoenix Dark on February 25, 2014, 08:34:27 AM
The libertarians only lost money in bitcoins to prove how worthless paper and digital currency are. Much dedication such resolve wow.
Title: Re: purchase Bitcoins, brehs
Post by: Barry Egan on February 25, 2014, 08:46:28 AM
"the freemarket cannot fail, it can only be failed"
                                /
                           :paul
Title: Re: purchase Bitcoins, brehs
Post by: hampster on February 25, 2014, 08:46:56 AM
Just mine more breh

(http://i.imgur.com/ql5KF2i.gif)
Title: Re: purchase Bitcoins, brehs
Post by: Brehvolution on February 25, 2014, 09:10:03 AM
EBay soon to be flooded with cheap used AMD video cards

Itshappening.gif

http://www.newegg.com/Product/ProductList.aspx?Submit=ENE&DEPA=0&Order=BESTMATCH&Description=radeon+r9+280x&N=-1&isNodeId=1
Title: Re: purchase Bitcoins, brehs
Post by: Human Snorenado on February 25, 2014, 09:11:29 AM
This is clearly just the market at work, determining who the losers are. Now, if you don't like MtGox, you don't have to use it- problem solved!

:sabu

Also, this is awesome:

http://www.somethingawful.com/news/bitcoin-mtgox-theft/
Title: Re: purchase Bitcoins, brehs
Post by: Great Rumbler on February 25, 2014, 09:13:52 AM
Thankfully, I've invested all my money in Bore futures.
Title: Re: purchase Bitcoins, brehs
Post by: Brehvolution on February 25, 2014, 09:20:34 AM
Invest in fake currency with real money and complain when it's stolen, brehs.
Title: Re: purchase Bitcoins, brehs
Post by: Great Rumbler on February 25, 2014, 09:23:03 AM
The lesson of Flooz is quickly forgotten:

Quote from: http://en.wikipedia.org/wiki/Flooz.com
The company announced its closure on August 26, 2001, perceived as an early indicator of the growing dot-com bust. Upon the company's closing, all unused flooz credits became worthless and nonrefundable. Over its short history, flooz.com reportedly exhausted from $35 to $50 million in venture capital.
Title: Re: purchase Bitcoins, brehs
Post by: Brehvolution on February 25, 2014, 10:25:30 AM
The lesson of Flooz is quickly forgotten:

Quote from: http://en.wikipedia.org/wiki/Flooz.com
The company announced its closure on August 26, 2001, perceived as an early indicator of the growing dot-com bust. Upon the company's closing, all unused flooz credits became worthless and nonrefundable. Over its short history, flooz.com reportedly exhausted from $35 to $50 million in venture capital.

Morons.... lose is in the name! :neogaf
Title: Re: purchase Bitcoins, brehs
Post by: Huff on February 25, 2014, 10:47:54 AM
I still dont understand bitcoins or what is happening
Title: Re: purchase Bitcoins, brehs
Post by: Joe Molotov on February 25, 2014, 10:48:02 AM
Thankfully, I've invested all my money in Bore futures.

Which are only traded on Mt Cox.
Title: Re: purchase Bitcoins, brehs
Post by: Brehvolution on February 25, 2014, 10:51:26 AM
The liquidity :noah
Title: Re: purchase Bitcoins, brehs
Post by: Brehvolution on February 25, 2014, 11:04:36 AM
https://twitter.com/The_Pocius/status/435568115791826945 :aah
Title: Re: purchase Bitcoins, brehs
Post by: helios on February 25, 2014, 11:19:32 AM
You can lol all you want but the joke is seriously going to be on you guys if I bump this thread in a year telling everyone my scheme worked and I'm now as loaded as all fuck, driving a high class sports car, looking hot as all fuck :)

And I have to do it. I have to pull this off. I've got a point to prove to this skeptical, cynical world.

Anyway, my scheme. It's basic compounding. 2% roi daily (averaged over time) is equivalent to an annual interest rate of 730% a year. The compound factor is daily.

A 2% roi can be achieved with a few successful trades a day on a bitcoin market such as BTC-e. Losses can be minimised through conditional stop loss orders if the price falls below the line of support. The majority of trades should be successful through the use of solid good chart analysis fundamentals and not letting emotion get in the way of strategy.

So I say a millionaire within a few years? Ok.

Use the following parameters in this compound interest calculator - http://www.thecalculatorsite.com/fin...calculator.php

Annual Rate 730%
Compound Rate Daily

A base of $1000, getting a 2% roi daily will return 1.3 million after 1 year.

The question is can one actually achieve 2% daily? I achieved 17% daily averaged over the last week. I'm confident enough.
Title: Re: purchase Bitcoins, brehs
Post by: Brehvolution on February 25, 2014, 11:34:48 AM
http://priceofdoge.com/#1000
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on February 25, 2014, 11:59:39 AM
http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_story_thread_how_much_did_you_lose/

:whew hope some of these dudes started early. goddamn :lol

Quote
90.5 BTC [$46,879]
Was going to use them to pay off my student debt.
Not anymore.

Quote
I lost about 19.1 BTC [$9,893] But it gets better.... Just minutes before mtgox froze transactions I spoke with a woman I had slept with and she told me that she might have Chlamydia and I should go get tested.

Quote
67.25 BTC [$34,835] FML.

Quote
Lost 26k$. Fuck man

Quote
1200 btc. [$621,600]

Quote
144 BTC [$74,592] and 100 [$51,800] were entrusted to me by a friend because he wanted to get into cryptocurrency. I haven't told him what happened just now though he has been updated all this while. I don't know how to.

Quote
$16k was my initial investment, though the actual value at time of closing was closer to $40k.
I will tell myself I lost $16k and sleep somewhat better.
Sigh.

Quote
I'm going to come forth and admit I am probably one of the largest loser in Gox. I had 7911 BTC [$4,097,898] in my account which has been locked for almost a year.

Quote
About 1998 BTC [$1,034,964]. This was BTC I had in Bitcoinica until Zhou Tong decided to rob his own customers blind. Amir Taaki and the Bitcoin Consultancy group then sent the remaining BTC into MtGox for reimbursement where they promptly got hacked again resulting in insolvency. Late 2012 Bitcoinica was finally sent into liquidation but MtGox was unwilling to hand over the 60K+ BTC frozen in the Bitcoinica account to the court appointed liquidator (PKF) citing 'privacy reasons'. Now all of those are gone too. Despite all this, I'm still a believer in Bitcoin. (Just not so much other people)

:neogaf

USD values added by moi.
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on February 25, 2014, 12:08:45 PM
Quote
16.13 BTC [$8,355.34] here.
It's okay though, because I am going to hunt those bastards down and skin them alive.
It's all going to be okay.

Quote
Lost fucking over 10k bt [$5,180,000]. Morhercuck I am goin to Tokyo hunt those mofo down.

:gurl :neogaf

Quote
Quote
6.8 [$3,522.40], it was fun. I feel meh, I mined them with my video card a long time ago and didn't put any actual money into it so I see this as a net 0. The entertainment value though I think made it a net positive in the long run though.

like your positive attitude, im sure it will take you far in life

Quote
0.45 [$233.10], but I'm poor and at college...it's all I had man. Fuck :(

Quote
I am a 19y/o student and went all in. I lost 16.5 [$8,547] coins...

:ufup

Quote
I just bought my first bitcoin 3 days ago trying to move up from dogecoin, and now it's gone! I've been having one of the shittiest weeks of my life. broken phone, broken transmission and 1 btc [$518] down in 3 days.

Quote
19.5 [$10,101] Unemployed, and trying to make a go of trading Cryptos. Gox ruined me. It looked promising until the China panic got me to put them into Gox.
Why did they take them?! They shouldn't have taken them from me!!!

:bluesteel
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on February 25, 2014, 12:12:49 PM
Quote
I want to start off by saying that I've been waiting for this moment for a while. I knew it was bound to happen sooner or later, as soon as we weren't able to withdraw our coins from Mt. Gox weeks ago. I stupidly had my life's savings in bitcoin, and when the price started to fall, I converted to dollars and watched the price plummet. I lost $357,000. Not to try to earn a bunch of sympathy or anything but this was not only my money but it was going to be my 5 year old son's education fund which i took out of fidelity about 1 year ago to mess with bitcoins. I dont know what the fuck to do any more. I'm sitting here on reddit looking for comfort or just something but I don't know what I'm going to do now at all. I don't have shit to live for any more and the only thing I have left is just talking about it here I guess. I can't express what I'm feeling right now. THat shit was just sitting there and I couldn't take it out how could this whole shop just pack up and dissapear? I don't know if anyone here knows the facts or whats going on but I want to or if you have any slighest shred of evidence that its possible they arent really gone please et me know here. if im never going to see my money again all of it im going to either kill myself which i dont want to do because i want to live even though i have nothing to live for now, except my son who is now completely fucked

:holeup Jesus Christ

Edit- Someone's reply:

Quote
You better be joking.
I feel sorry for your son. Not you. Not you at all.
You withdrew an enormous amount of money from a trusted banking organization and jumped head first into fake internet money. Why? Was 375,000$ not enough? What school in the world is that not enough money to graduate from?
Was potentially turning that pile of money into a bigger pile of money that important? Did you really have to use it all? You deserve how shitty you feel and anyone here saying different is kidding themselves.
This sort of greed is not what Bitcoin is supposed to be about.
PS but dont kill yourself

:lol
Title: Re: purchase Bitcoins, brehs
Post by: CatsCatsCats on February 25, 2014, 12:27:45 PM
You can lol all you want but the joke is seriously going to be on you guys if I bump this thread in a year telling everyone my scheme worked and I'm now as loaded as all fuck, driving a high class sports car, looking hot as all fuck :)

And I have to do it. I have to pull this off. I've got a point to prove to this skeptical, cynical world.

Anyway, my scheme. It's basic compounding. 2% roi daily (averaged over time) is equivalent to an annual interest rate of 730% a year. The compound factor is daily.

A 2% roi can be achieved with a few successful trades a day on a bitcoin market such as BTC-e. Losses can be minimised through conditional stop loss orders if the price falls below the line of support. The majority of trades should be successful through the use of solid good chart analysis fundamentals and not letting emotion get in the way of strategy.

So I say a millionaire within a few years? Ok.

Use the following parameters in this compound interest calculator - http://www.thecalculatorsite.com/fin...calculator.php

Annual Rate 730%
Compound Rate Daily

A base of $1000, getting a 2% roi daily will return 1.3 million after 1 year.

The question is can one actually achieve 2% daily? I achieved 17% daily averaged over the last week. I'm confident enough.

If I PayPal you twenty bucks, your estimate shows you could turn it into 26k in a year, I'll let you manage it for a fee and so I'll only expect 12k back, whaddya say?
Title: Re: purchase Bitcoins, brehs
Post by: Phoenix Dark on February 25, 2014, 01:14:07 PM
Maybe regulations aren't so bad, huh. :obama
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on February 25, 2014, 01:17:04 PM
Maybe regulations aren't so bad, huh. :obama

We could sure as fuck use some more regulations for internet, this shit is pathetic. (http://www.theverge.com/2014/2/25/5431382/the-internet-is-fucked)
Title: Re: purchase Bitcoins, brehs
Post by: Eel O'Brian on February 25, 2014, 01:20:25 PM
man, i gotta admit, i wish i'd applied some of my old comic book speculation skills and bought/sold some of this shit when it was peaking

i do like money

i mean, you know, real money
Title: Re: purchase Bitcoins, brehs
Post by: Human Snorenado on February 25, 2014, 01:22:35 PM
Real talk, I wouldn't be surprised if these Mtgox guys get killed. Fucking around with peoples life savings and shit :whew

I would feel like shit too but Bitcoin isn't dead at any rate; sitting on it is gonna suck for a while :hitler

I wouldn't worry if I were the thieves, because as we all know assassins only take payment in bitcoin and they just stole it all :sabu
Title: Re: purchase Bitcoins, brehs
Post by: Great Rumbler on February 25, 2014, 01:25:15 PM
Maybe regulations aren't so bad, huh. :obama

We could sure as fuck use some more regulations for internet, this shit is pathetic. (http://www.theverge.com/2014/2/25/5431382/the-internet-is-fucked)

My internet comes through a local, small-time provider. :rock
Title: Re: purchase Bitcoins, brehs
Post by: demi on February 25, 2014, 01:50:17 PM
That doesnt particularly exempt you from the bullshit, though
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on February 25, 2014, 01:52:55 PM
Can Google just take over everything already? I'm sick of waiting.
Title: Re: purchase Bitcoins, brehs
Post by: HiResDes on February 25, 2014, 02:05:25 PM
Started mining Litecoins recently, now fuck that shit, not worth the wattage.
Title: Re: purchase Bitcoins, brehs
Post by: Phoenix Dark on February 25, 2014, 02:33:14 PM
just do mturk instead brehs

I used to make good gas money with that  :jawalrus
Title: Re: purchase Bitcoins, brehs
Post by: Barry Egan on February 25, 2014, 02:36:03 PM
(http://i.imgur.com/r165mxj.jpg)
Title: Re: purchase Bitcoins, brehs
Post by: Brehvolution on February 25, 2014, 02:46:30 PM
I don't know why they say they lost money. They lost bitcoins, not money. A bitcoin is worth whatever a dumbass is willing to pay you real money for it. Until you exchange bitcoins for real money you don't have nothing but a prayer that you can sucker someone before you become the sucker.
Title: Re: purchase Bitcoins, brehs
Post by: Great Rumbler on February 25, 2014, 02:47:08 PM
Great Rumbler's organic farm to table internet (http://i.minus.com/jWMBzcCK4uyCq.png)

:hitler
Title: Re: purchase Bitcoins, brehs
Post by: Brehvolution on February 25, 2014, 02:54:50 PM
Does Mt Gox really stand for magic the gathering online exchange?
Title: Re: purchase Bitcoins, brehs
Post by: Dickie Dee on February 25, 2014, 03:03:23 PM
yes, yes it does
Title: Re: purchase Bitcoins, brehs
Post by: Joe Molotov on February 25, 2014, 03:13:22 PM
Does Mt Gox really stand for magic the gathering online exchange?

Magically gathering money from libertardians.
Title: Re: purchase Bitcoins, brehs
Post by: Eel O'Brian on February 25, 2014, 04:38:40 PM
is that dude wearing google glasses
Title: Re: purchase Bitcoins, brehs
Post by: Mr. Gundam on February 25, 2014, 05:21:54 PM
is that dude wearing google glasses

Sure looks like it.
Title: Re: purchase Bitcoins, brehs
Post by: benjipwns on February 25, 2014, 06:13:20 PM
I don't know why they say they lost money. They lost bitcoins, not money. A bitcoin is worth whatever a dumbass is willing to pay you real money for it. Until you exchange bitcoins for real money you don't have nothing but a prayer that you can sucker someone before you become the sucker.
shhhhhh

Don't go on any of those sites setup for trading/selling TF2 items. A guy I know on Steam was really getting into that and sent me some links to the "hardcore" ones. Reading those comments and "articles" were my own personal 9/11.
Title: Re: purchase Bitcoins, brehs
Post by: Barry Egan on February 25, 2014, 06:14:42 PM
he is using the glasses to reinvest in bitcoin.  Now is the perfect time to buy. 
Title: Re: purchase Bitcoins, brehs
Post by: helios on February 25, 2014, 06:26:35 PM
You can lol all you want but the joke is seriously going to be on you guys if I bump this thread in a year telling everyone my scheme worked and I'm now as loaded as all fuck, driving a high class sports car, looking hot as all fuck :)

And I have to do it. I have to pull this off. I've got a point to prove to this skeptical, cynical world.

Anyway, my scheme. It's basic compounding. 2% roi daily (averaged over time) is equivalent to an annual interest rate of 730% a year. The compound factor is daily.

A 2% roi can be achieved with a few successful trades a day on a bitcoin market such as BTC-e. Losses can be minimised through conditional stop loss orders if the price falls below the line of support. The majority of trades should be successful through the use of solid good chart analysis fundamentals and not letting emotion get in the way of strategy.

So I say a millionaire within a few years? Ok.

Use the following parameters in this compound interest calculator - http://www.thecalculatorsite.com/fin...calculator.php

Annual Rate 730%
Compound Rate Daily

A base of $1000, getting a 2% roi daily will return 1.3 million after 1 year.

The question is can one actually achieve 2% daily? I achieved 17% daily averaged over the last week. I'm confident enough.

If I PayPal you twenty bucks, your estimate shows you could turn it into 26k in a year, I'll let you manage it for a fee and so I'll only expect 12k back, whaddya say?

How are my views of 9/11 relevant to bitcoin? Seriously? This an attempted put down by tying me with tin foil hat conspiracy theorists. I really don't care what you think, think whatever you like. I'd rather be a rich tin foil hat wearing nutter than an establishment pauper.

spoiler (click to show/hide)
Someone on gaf posted that. I'm glad these idiots got their buttcoins stolen.
[close]
Title: Re: purchase Bitcoins, brehs
Post by: Barry Egan on February 27, 2014, 10:54:34 AM
Really curious about how much FoC lost on this one.
Title: Re: purchase Bitcoins, brehs
Post by: Phoenix Dark on February 27, 2014, 11:22:49 AM
Really curious about how much FoC lost on this one.

"I played the market and lost, it happens. I can make another $20,000 on my next film project, to make up for my loss."
Title: Re: purchase Bitcoins, brehs
Post by: Human Snorenado on February 28, 2014, 10:02:11 AM
http://www.businessinsider.com/mtgox-bankruptcy-japanese-news-video-2014-2

"We have lost Bitcoins due to weaknesses in the system," the France-born Karpeles said in Japanese according to the AFP. "We are really sorry for causing trouble to all the people concerned," he said, before bowing deeply.
Title: Re: purchase Bitcoins, brehs
Post by: Great Rumbler on February 28, 2014, 10:09:44 AM
http://www.businessinsider.com/mtgox-bankruptcy-japanese-news-video-2014-2

"We have lost Bitcoins due to weaknesses in the system," the France-born Karpeles said in Japanese according to the AFP. "We are really sorry for causing trouble to all the people concerned," he said, before bowing deeply.

:expert
Title: Re: purchase Bitcoins, brehs
Post by: Brehvolution on February 28, 2014, 10:28:47 AM
*Karpeles casts Swords to Plowshares*

"I put my life saving into Magic the Gathering Online Exchange." :tocry
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on February 28, 2014, 11:45:55 AM
Quote
Speaking at a Tokyo news conference on Friday, The New York Times reported that Mark Karpeles, the French-born CEO of the company, appeared in court uncharacteristically wearing a suit, and “bowed in contrition and apologized in Japanese.”

“I’m truly sorry to have caused inconvenience,” he said.

"Please understand." :miyamoto
Title: Re: purchase Bitcoins, brehs
Post by: Diunx on February 28, 2014, 01:00:49 PM
lol this is the definition of first world problems.

Title: Re: purchase Bitcoins, brehs
Post by: chronovore on March 03, 2014, 03:20:34 AM
is that dude wearing google glasses

Yeah, my first reaction was utter astonishment at the DEPTH of my own lack of sympathy to see a glasshole lamenting his lost imaginary coins.
Title: Re: purchase Bitcoins, brehs
Post by: Positive Touch on March 03, 2014, 09:00:58 AM
(http://i2.cdn.turner.com/money/dam/assets/140224112935-mt-gox-karpeles-620xa.jpg)

Positive Touch?

AUUUUUGH MY PRIDE
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on March 03, 2014, 11:11:34 AM
http://gawker.com/does-mt-goxs-ceo-have-a-secret-history-of-online-payme-1534752110/@sambiddle

:ufup
Title: Re: purchase Bitcoins, brehs
Post by: Shaka Khan on March 03, 2014, 12:03:41 PM
is that dude wearing google glasses

I mean, can you really picture that face in anything else?
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on March 04, 2014, 10:50:37 AM
“Bank” that claimed to solve Bitcoin’s security problem robbed, shuts down (http://arstechnica.com/information-technology/2014/03/bank-that-claimed-to-solve-bitcoins-security-problem-robbed-shuts-down/)
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on March 04, 2014, 06:32:25 PM
http://asia.nikkei.com/Politics-Economy/Policy-Politics/Japan-to-regulate-Bitcoin-trades-impose-taxes

RIP Libertarian utopia, hello evil gubment controlled dystopia :'(
Title: Re: purchase Bitcoins, brehs
Post by: Rufus on March 04, 2014, 07:12:55 PM
Quote
TOKYO -- The Japanese government will set rules for trading bitcoins, defining the virtual tender not as a currency but as a commodity akin to gold.
Full circle. :lol
Title: Re: purchase Bitcoins, brehs
Post by: Dickie Dee on March 06, 2014, 12:48:45 AM
http://nymag.com/daily/intelligencer/2014/03/doomsday-cult-of-bitcoin.html (http://nymag.com/daily/intelligencer/2014/03/doomsday-cult-of-bitcoin.html)
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on March 06, 2014, 01:54:52 AM
Quote
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.

:ohhh
Title: Re: purchase Bitcoins, brehs
Post by: nudemacusers on March 06, 2014, 02:00:31 AM
I swear, when will these insane claims stop? Bitcoin is dead? Says who? Some random blogger?

While I do not necessarily agree that the price is directly related to it's success, it is a good judgement of momentum. So far, bitcoin has stayed steadily positive, rising over time, with a few bubbles, followed by corrections that lead to a new stable point. It is now in one of those stable points, which is evident by the rebound from Mt. Gox' fall.

The first bubble was the original rise from less than 1 cent in 2010, with momentum that built to a flash point, driving the price to $30 in 2011, but only for a short time. Mt. Gox was hacked (there is a reason people are glad they are gone...irresponsible amateurs), and the price snapped back down, eventually stabilizing around $2, which was still an increase of a few thousand % over the previous year. After that, there was a long period of stable, constant growth, leading up to early 2013. Early 2013, another meteoric rise began, though not as quickly as the first bubble, and took the price to over $200 before, once again, Mt. Gox crashed, people panic, and the price dropped down to a wildly fluctuating range between $50 and $150, eventually stabilizing just above $100. At this point, most of the community began to abandon Mt. Gox. They were by far the highest volume exchange, but by 2014, they had fallen to #4.

Throughout 2013, bitcoin rose steadily, until news out of China caused another huge leap up, to $1200+. This was followed by a crash related to attempts by the Chinese government to stop bitcoin in their country, which was ultimately unsuccessful. The price stabilized at $600-700 or so. It had began to climb again when the final Mt. Gox fiasco started, but their impact only managed to bring it down to around $500 (except on their own exchange, where it hit the floor, because they had halted all withdrawals), and quickly rebounded to over $600, and is now climbing again.

Believers in bitcoin are not doing it blindly. A large portion of us actually understand the technical reasons that make bitcoin revolutionary, and believe in what it represents. Very few of us expected it to even rise this fast, and are more focused on the long term rather than an overnight revolution in finance. The only fanaticism I can see is related to the fanatical opponents of bitcoin who are fighting tooth and nail to demonize the entire bitcoin community, and protect the legacy banking system for some reason. I know change is scary, but you should really look into what you are trying to protect. Bitcoin, or, more likely, bitcoin 2.0 will be the future, and it is built in a way that gives significantly more power back to the people.

But, good luck with your fiat. You can have a currency that has lost 98% of its value in the past 40 years if you want. I just prefer to use something that isn't manipulated, and inflated, by a small group of fantastically wealthy individuals who only have their own interests in mind.
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on March 06, 2014, 02:21:57 AM
Please tell me that's an actual GAF post.
Title: Re: purchase Bitcoins, brehs
Post by: benjipwns on March 06, 2014, 08:54:48 AM
(http://i.imgur.com/xwgkYny.jpg)
Title: Re: purchase Bitcoins, brehs
Post by: Great Rumbler on March 06, 2014, 08:56:00 AM
:bow
Title: Re: purchase Bitcoins, brehs
Post by: Steve Contra on March 06, 2014, 02:34:53 PM
http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html (http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html)

The shadowy "Satoshi Nakamoto" is actually a dude name Satoshi Nakamoto.  How the fuck this took 5 years to find out is beyond me.
Title: Re: purchase Bitcoins, brehs
Post by: Phoenix Dark on March 06, 2014, 02:45:49 PM
I guess there was no market demand to know his real name before now.
Title: Re: purchase Bitcoins, brehs
Post by: Tasty on March 06, 2014, 02:50:00 PM
http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html (http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html)

The shadowy "Satoshi Nakamoto" is actually a dude name Satoshi Nakamoto.  How the fuck this took 5 years to find out is beyond me.

Libertarians aren't the sharpest tools in the shed? I'm shocked.
Title: Re: purchase Bitcoins, brehs
Post by: Polari on March 11, 2014, 03:37:27 AM
quietID/whatever the fuck he calls himself on here now got all pissy last month when I told him he was a chump for investing $500 in Digitalcoin. The value of Digitalcoin subsequently halved, and now he's doubling down, lol.
Title: Re: purchase Bitcoins, brehs
Post by: Great Rumbler on March 11, 2014, 09:27:28 AM
QuietID, dude, what are ya doin'?

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