Come watch bitcoin crash from over $200 back down to $10 in real time

[Human Snorenado]

http://talkingpointsmemo.com/news/bitcoin-bursts-hacker-currency-gets-wild-ride.php?ref=fpblg

“Movie pirates always win the long game against Hollywood,” he said. “Bitcoin works the same way.”

Sure thing, bro.

[Phoenix Dark]

Someone steal your Bitcoins? Then you need to steal them back. Welcome to the bearer-based commodity currency of the future! Personally, I keep my Bitcoins on a USB key under my mattress.

I plan on paying my  Comcast bill with my bitcoins. I'll just mail the USB to them.

[Joe Molotov]

They describe it as the foundation stone of a Utopian economy: no borders, no change fees, no closing hours, and no one to tell you what you can and can’t do with your money.

The best-known bitcoin exchange, the Tokyo-based Mt. Gox, has suspended trading for what it described as a 12-hour “market cooldown.”

 :rudy

[Phoenix Dark]

They describe it as the foundation stone of a Utopian economy: no borders, no change fees, no closing hours, and no one to tell you what you can and can’t do with your money.

The best-known bitcoin exchange, the Tokyo-based Mt. Gox, has suspended trading for what it described as a 12-hour “market cooldown.”

 :rudy

Cool downs, currency resets. Sounds more and more like Diablo 3

[Human Snorenado]

They describe it as the foundation stone of a Utopian economy: no borders, no change fees, no closing hours, and no one to tell you what you can and can’t do with your money.

The best-known bitcoin exchange, the Tokyo-based Mt. Gox, has suspended trading for what it described as a 12-hour “market cooldown.”

 :rudy

Cool downs, currency resets. Sounds more and more like Diablo 3

 

[Steve Contra]

 

[Steve Contra]

 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 

[Don Flamenco]

Bitcoin, the decentralized alternative to the dollar whose value and existence are entirely dependent on the value of the dollar. 

also, the Satoshi Nakamoto thing is genuinely weird.  Guy goes on internet, gives internet the bitcoin cryptographic solution so it can start making bitcoins, then disappears.   

[Howard Alan Treesong]

Bitcoin, the decentralized alternative to the dollar whose value and existence are entirely dependent on the value of the dollar. 

also, the Satoshi Nakamoto thing is genuinely weird.  Guy goes on internet, gives internet the bitcoin cryptographic solution so it can start making bitcoins, then disappears.

maybe he's working for the Fed

[Great Rumbler]

(Image removed from quote.)

 

I guess they forgot to include the humor part?

[Steve Contra]

The homeless guy with a cardboard sign asking for digital currency is pretty funny.

[Verdigris Murder]

Satoshi Nakamoto thing is weird.

[Don Flamenco]

The homeless guy with a cardboard sign asking for digital currency is pretty funny.

the name ben bernanke is pretty fun to say

[Howard Alan Treesong]

Who is Satoshi Nakamoto?

Newsfeed pls

[Flannel Boy]

Who is Satoshi Nakamoto?

Newsfeed pls

"British formatting in his written work implies Nakamoto is of British origin. However, he also sometimes used American spelling, which may indicate that he was intentionally trying (but failed) to mask his writing style, or that he is more than one person."

Maybe he's from Canada--find out how many U's he'd use in the sentence "no dialogue or candour regarding the flavour of the mounth* currency."

PS: Why do most Canadian jurists follow British punctuation!!!!!!!!!!!!**

*The u in month was added for humour.**
**The "u" in humor was added because of bagged milk. 

[Flannel Boy]

Fuck, I get drunk easily now that I'm 150 pounds.  :'(

[Rufus]

"British formatting in his written work implies Nakamoto is of British origin. However, he also sometimes used American spelling, which may indicate that he was intentionally trying (but failed) to mask his writing style, or that he is more than one person."

It could also imply that it's his second language. I'd probably do the same without spell check.

[Flannel Boy]

What if it's a Canadian that constantly relies on spell check? 

Arvie.  :krs

[Madrun Badrun]

I've been discovered!  *Smoke bomb

[Beezy]

http://www.theverge.com/2013/4/12/4215742/mt-gox-offline-due-to-ddos

[recursivelyenumerable]

Fuck, I get drunk easily now that I'm 150 pounds.  :'(

I've been losing weight too - I went from wearing 32" waist jeans in my teens / early twenties -> 33" in my late twenties -> 32" -> actually my 32" don't really fit anymore and I have to tighten a belt. aren't you supposed to gain weight as you get older

[Verdigris Murder]

Or worms.

[Don Flamenco]

currently $73 on mtgox

oh boy now i'm only 18300th in line for verification

[nudemacusers]

you know, when i was living on base (free utilities) I really should have been mining.  :'(

[Rufus]

Eh, it's probably not worth the effort unless you get into it seriously. Maybe it was different early on, dunno.

[nudemacusers]

Well, this would have been a couple years ago, so yeah, looking back, totally worth it. But now ehhhh.

[Don Flamenco]

Eh, it's probably not worth the effort unless you get into it seriously. Maybe it was different early on, dunno.

yes, it was way different before  :'(


now i know how konami feels when guitar hero came out


BUT i don't think it's a bust yet.   Mining isn't viable anymore (you need dedicated mining hardware), but it'll be quiet for the next long while and prices will dip again.

[hampster]

If the supply is fixed how can you mine bitcoins

[Madrun Badrun]

Assuming that there isn't new gold being produced in the earth, there is a fixed amount of that, yet that doesn't mean its all in someone's hands.

[Rufus]

They've not hit the cap yet. Supposed to happen in a hundred years or so.

[recursivelyenumerable]

I dreamt there was a huge boil on my left ear and eventually it consumed my whole ear and then it popped, leaving my ear pretty scarred

[Madrun Badrun]

I dreamt there was a huge boil on my left ear and eventually it consumed my whole ear and then it popped, leaving my ear pretty scarred

May I introduce you to http://www.reddit.com/r/popping

[Don Flamenco]

we're at $85 on mtgox and it hit a low of 65 at some point.  i'm currently 11860th in line for approval      guess i'll be waiting another 10 days

[Barry Egan]

[Don Flamenco]

 

[OptimoPeach]

A month or two back when I was buying some Bitcoins for a totally legit purpose unrelated to TSR, I actually threw away a physical QR code because I had nothing to scan it with FUCK

[recursivelyenumerable]

I dreamt there was a huge boil on my left ear and eventually it consumed my whole ear and then it popped, leaving my ear pretty scarred

May I introduce you to http://www.reddit.com/r/popping

NO YOU MAY NOT

[Don Flamenco]

getting below $100 finally  (as of this post)

and i've gotten approved and all that crap, yay


edit: uh, it keeps dropping.  at $93 now.  wtf is goin on

[Joe Molotov]

getting below $100 finally  (as of this post)

and i've gotten approved and all that crap, yay

edit: uh, it keeps dropping.  at $93 now.  wtf is goin on

Hurry, buy them now before they go down any further!

[Rufus]

wtf is goin on

Reality kicked in.

[Don Flamenco]

wtf is goin on

Reality kicked in.

back up to $103, enjoy your government backed shitty peasant money