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o-m-g Just had a terrible experience with a localbitcoins transaction. (self.Bitcoin) submitted 6 minutes ago by im-a-fat-loser I have 7 bitcoins to my name and decided to sell them this week because I needed money for rent and food and I just don't see bitcoin go up in price any time soon. I figured I'd dump them all on localbitcoins and I'd be financially ok for half a year or so. Anyway, I got in touch via skype with a guy that wanted to buy all 7 of my bitcoins for $700/each. It was a little lower than I wanted but I desperately needed the money so I agreed. We met in the local walmart parking lot late last night and I asked him to show me the money first. He did, he had all $4900. Actually he had $5000 and was "tipping" me the extra $100. I transferred the 7 bitcoins to his wallet and once the transaction was confirmed he suddenly pulled a huge knife on me. It was like 7 inches long. I couldn't run anywhere because I was half in my car with the door open and he was standing in the door way. He ordered me to hand back over the $5000. I hesitated but he started getting a bit aggressive so I had to hand it over as I was afraid for my life. He ran to his car and took off and as I tried to get his plate, noticed he didn't actually have any plates on his car. I should have loving noticed this before I did the transaction but I didn't. Maybe it was because it was dark out. I quickly drove to the police station and filed a report but I'm doubting they'll get my money back now. Sometimes I wish bitcoin did support chargebacks because I wouldn't be out $5000 right now. I'm so angry with myself and my wife is mad at me because we're out the $5000. I don't know what I'm going to do. Such a lovely experience.
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Feb 12, 2014 18:10
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Robawesome posted:Class Action Lawsuit in the future? (self.Bitcoin)
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Feb 12, 2014 18:10
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surebet posted:if you regularly hook up with dude for some bidirectional butt play plz dont post my weekend plans
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Feb 12, 2014 18:11
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Robawesome posted:o-m-g jesus loving christ
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Feb 12, 2014 18:15
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Robawesome posted:o-m-g  that username isn't low-hanging fruit, it's fukken rotting on the ground
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Feb 12, 2014 18:16
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Robawesome posted:o-m-g i wish i could live for 6 months on $4900. but loooooooool
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Feb 12, 2014 18:17
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Robawesome posted:7 bitcoins 
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Feb 12, 2014 18:17
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VERTiG0 posted:are you people not tired of this poo poo yet read the thread since you posted that. so many laffs
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Feb 12, 2014 18:26
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top comment on that knife mugging: sorted by: best [–]jhansen858 6 points 14 minutes ago a fool and his money are soon parted... Next time bring a gun to the knife fight. permalink save
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Feb 12, 2014 18:38
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when trading butts for money, come heavily armed. the person with the most guns is legally entitled to all butts and money under buttcoin law
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Feb 12, 2014 18:44
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yeah, i will say that this thread has some long stretches of boring stupidity when nothing much is happening, but right at the moment we are in a new golden age of bitcoin failure and stupidity (the stupidity is always present granted, but it doesn't quite work dramaturgically if you don't have the backdrop of failure on which to paint it)
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Feb 12, 2014 18:45
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kiwid posted:top comment on that knife mugging: libertarians.txt
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Feb 12, 2014 18:46
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it's the wild west, but with bitcoins
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Feb 12, 2014 18:46
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duTrieux. posted:did you lose a bunch of windows licenses when he formatted the drives a student union with legit licences lol Mulatto Butts posted:plz dont post our weekend plans
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Feb 12, 2014 18:48
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tbqh this topic is pretty dear to my heart simply because credit cards working great was sort of a wakeup call for a younger and more stupidly nerdy vermin, where it became clear that every attempt to pile on more technology to solve the same problem failed, while credit cards marched on solving the problek to a great extent in a broad social way, threatening with police and absorbing losses with insurance to ensure that they could provide an easy-to-use service i don't know about other places but here we had at least two tries at cryptographic payment systems in like the late 90s that failed horribly since they were clumsy and inflexible and credit cards already existed Cybernetic Vermin fucked around with this message at 18:55 on Feb 12, 2014 |
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Feb 12, 2014 18:49
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credit cards are a scam. the merchant pays 85% fees, and 90% of sales result in a chargebak!
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Feb 12, 2014 19:02
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Sweevo posted:credit cards are a scam. the merchant pays 85% fees, and 90% of sales result in a chargebak! please cite your bitcointalk thread
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Feb 12, 2014 19:03
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surebet posted:a student union with legit licences
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Feb 12, 2014 19:04
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Robawesome posted:o-m-g free market btich
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Feb 12, 2014 19:08
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Robawesome posted:o-m-g 
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Feb 12, 2014 19:08
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surebet posted:i'd argue that even though the address space is quite large it's just bad practice to use them up just because, but then again i'd wager that libtards don't even begin to understand the notion of a limited ressource every atom on the surface of the planet could generate a new address once a second for the next hundred years and you'd have less than a 1% chance of a collision
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Feb 12, 2014 19:11
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Linguica posted:bitcoin addresses are a 160 bit hash, the chances of a collision are obscenely small like that android one
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Feb 12, 2014 19:16
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Condiv posted:when trading butts for money, come heavily armed. the person with the most guns is legally entitled to all butts and money under buttcoin law i agree that the federal government should have all the butts
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Feb 12, 2014 19:17
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the bit where the main tent pole of bitcoin is decentralised no govt interference but then when it goes wrong they want to sue people or have the police involved really annoys me like it really really bothers me
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Feb 12, 2014 19:29
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[-] duckrageous 3 points 40 minutes ago It's stupidity like this that leads the government to demand money transmitter licenses. The police have better things to do than worrying about every idiot who doesn't understand basic personal safety.
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Feb 12, 2014 19:29
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Robawesome posted:o-m-g I don't understand how stupid these people can be. Did the thought ever cross your loving mind that you are doing an exchange worth over 5000$ in a loving walmart parking lot late at night?
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Feb 12, 2014 19:35
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It's time to use your Bitcoin to go shopping at Dell.com! Dell gift cards have arrived at Gyft. Shop For Dell Gift Cards Don't forget, all your Bitcoin purchases will get 3% Points back!
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Feb 12, 2014 19:35
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MORE CURLY FRIES posted:the bit where the main tent pole of bitcoin is decentralised no govt interference but then when it goes wrong they want to sue people or have the police involved really annoys me
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Feb 12, 2014 19:36
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MORE CURLY FRIES posted:the bit where the main tent pole of bitcoin is decentralised no govt interference but then when it goes wrong they want to sue people or have the police involved really annoys me it tickles my funny bone
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Feb 12, 2014 19:38
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MORE CURLY FRIES posted:the bit where the main tent pole of bitcoin is decentralised no govt interference but then when it goes wrong they want to sue people or have the police involved really annoys me dont forget that when you bring up the fact that the blockchain is already hilariously big and if they have their way itll be mind bogglingly huge and require a poo poo ton of bandwidth to keep current they say "well then we can just have trusted, centralized servers to host the whole chain and clients only have the trimmed version! praise satoshi for inventing this system!"
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Feb 12, 2014 19:40
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but yeh libertarians like to play full contact football and laugh when they push over the other kids but then go crying to mommy when they get hurt
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Feb 12, 2014 19:40
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MORE CURLY FRIES posted:the bit where the main tent pole of bitcoin is decentralised no govt interference but then when it goes wrong they want to sue people or have the police involved really annoys me it's very very simple. everytime you see the word libertarian, just replace it with "selfish idiot" edit: 
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Feb 12, 2014 19:41
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libertarianism in four words retroactive consumer protection laws
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Feb 12, 2014 19:45
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transfatphobic posted:dont forget that when you bring up the fact that the blockchain is already hilariously big and if they have their way itll be mind bogglingly huge and require a poo poo ton of bandwidth to keep current they say "well then we can just have trusted, centralized servers to host the whole chain and clients only have the trimmed version! praise satoshi for inventing this system!" no, but see, centralization is perfectly fine if it is due to ~market forces~ not GOVERNMENT INTERFERENCE
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Feb 12, 2014 20:02
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I feel like it's missing the hallmarks of a classic story, like time slowing down or everyone clapping.
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Feb 12, 2014 20:13
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MORE CURLY FRIES posted:libertarianism in four words
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Feb 12, 2014 20:15
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Linguica posted:bitcoin addresses are a 160 bit hash, the chances of a collision are obscenely small yeah i know but it's just best practices to avoid burning through stuff if it can be avoided imho like i said i have a hunch that some services continuously rotate addresses to sidestep problems with the protocol itself say the whole frickin' planet converts and microtransactions become the norm, the whole nine yard, not only do you have a slight collision risk but you're also building a pretty awesome rainbow table and that would piss in a lot of people's corn flakes i dunno, i might not be grasping the scale correctly, but an abundant non-renewable resource is still non-renewable
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Feb 12, 2014 20:28
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surebet posted:i dunno, i might not be grasping the scale correctly you arent we're literally talking about the heat death of the universe before you even get to the birthday problem
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Feb 12, 2014 20:32
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like there are a lot of problems with bitcoin but "we might run out of addresses" is not one of them
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Feb 12, 2014 20:33
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surebet posted:i dunno, i might not be grasping the scale correctly, but an abundant non-renewable resource is still non-renewable
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Feb 12, 2014 20:33
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