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 uncurable mlady posted:why do they care about overstock ads, i've never seen one mention bitcoin 
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Mar 16, 2014 14:37
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FrozenVent posted:overstock basically *is* bitcoin until they go bankrupt so stop spreading fud right with the exchanges in the toilet i wonder if in any corner of the world there's someone trying to cash out by buying five thousand tables and reselling them on craigslist or something.
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Mar 16, 2014 14:41
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lollllll
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Mar 16, 2014 14:42
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uncurable mlady posted:lollllll cargo cultin the poo poo out of bitcoin
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Mar 16, 2014 14:44
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uncurable mlady posted:why do they care about overstock ads, i've never seen one mention bitcoin  v
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Mar 16, 2014 14:45
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https://soundcloud.com/blackgryph0n/butt-blackgryph0n
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Mar 16, 2014 15:23
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FrozenVent posted:heille avez-vous finis avec l'osti de russe? my french still sucks, but would this read pretty much as "hey have you finished with all the russian poo poo?" osti is a sacre right? i don't get how a biblical word like bapteme or osti can be like a curse word.
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Mar 16, 2014 15:24
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...! posted:I figured while I was trying to decide what to do next I would enjoy my beverage and buy some mBTC just to see the ATM work. How difficult could it be? The ATM askee me for my phone number, which I was ok with giving out. I do respect those who want pure anonymity, but I'm only slightly annoyed by the privacy issue here. The machine immediately texted me a code. I entered the code and was asked for 4 copies of my palm print.... fine, I did it. Then I was asked for my government issurd id card. Seriously? Now I'm getting leary, but I really want to complete what I started. So it reads my id and politely tells me to go away and come back in 5 minutes. I simultaneously receive a text stating the same thing. I received that at 10:17am CST. bitcoin's so fast and easy! it only took an hour and a half to complete a transaction, as opposed to regular atms where you have to wait for days and allow the bank to rectal identity map you.
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Mar 16, 2014 15:49
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Condiv posted:my french still sucks, but would this read pretty much as "hey have you finished with all the russian poo poo?" it's québécois(with grammar errors) more than french. i can only think of tabernacle and ostie as biblical curse words. e:your translation is p. much okay vvv idgi unpacked robinhood fucked around with this message at 16:26 on Mar 16, 2014 |
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Mar 16, 2014 16:13
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isn't "pepsi" an insult to quebecois?
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Mar 16, 2014 16:22
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Pepsi is an insult to anyone with taste.
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Mar 16, 2014 17:13
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welp my dad asked me about butts
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Mar 16, 2014 17:29
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Greed is eternal posted:welp my dad asked me about butts "well, now dad, when an autistic and a computer really love each other..."
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Mar 16, 2014 17:30
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fool_of_sound posted:"well, now dad, when an autistic and a computer really love each other..." "they post on YOSPOS, but about buttcoins:"
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Mar 16, 2014 17:30
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my dad and i used to talk about bit coin a lot -- he knew a lot about history, finance and economies so he was fascinated by all the spectacular and constant worldview failings of coiners as i would update him on the latest
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Mar 16, 2014 17:48
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Sweevo posted:isn't "pepsi" an insult to quebecois? sorta but it's a bit archaic
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Mar 16, 2014 17:52
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felt a bit surreal when he asked if i thought Dorian Nakamoto was the bitcoin creator. he didnt know Dorian was a model railroad dork though. thankfully i still know more abou butts than my dad.
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Mar 16, 2014 18:16
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...! posted:[–]xygo 7 points 3 hours ago jfc
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Mar 16, 2014 18:33
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FrozenVent posted:sorta but it's a bit archaic hein? sti que j'ai jamais entendu parler de ça. has anyone said pepsicoin yet
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Mar 16, 2014 18:41
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so /r/bitcoin is pretty much the pump part of the pump and dump
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Mar 16, 2014 18:45
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Dren posted:so /r/bitcoin is pretty much the pump part of the pump and dump and gibbis is the dump yes
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Mar 16, 2014 18:46
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Orcs and Ostriches posted:Pepsi is an insult to anyone with taste.
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Mar 16, 2014 18:54
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fool_of_sound posted:and gibbis is the dump yes the bitcoin thread in GBS is a bad thread
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Mar 16, 2014 18:56
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wit posted:the thread in GBS is a bad thread
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Mar 16, 2014 19:04
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Mar 16, 2014 19:06
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wit posted:GBS is bad
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Mar 16, 2014 19:06
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wit posted:bad
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Mar 16, 2014 19:12
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wit posted:the bitcoin thread in GBS is a bad thread yes that was 
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Mar 16, 2014 19:14
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Orcs and Ostriches posted:Pepsi is an insult to anyone with taste. also quebecois
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Mar 16, 2014 19:17
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...! posted:[–]xygo 7 points 3 hours ago
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Mar 16, 2014 19:21
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Sham bam bamina! posted:your operating or system is a piece of poo poo im thinking of a new subforum now
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Mar 16, 2014 19:28
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Bitcoin: Forced, yes, but guiding the blind towards the light can't be bad.
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Mar 16, 2014 19:54
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Mar 16, 2014 20:06
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Robawesome posted:What are your feelings on Xapo's insured vault? (self.Bitcoin) Startup Xapo Raises $20 Million to Store Digital Currency Underground By EVELYN M. RUSLI Updated March 13, 2014 4:01 p.m. ET Bitcoin was supposed to be a frictionless digital currency that required no banks or intermediaries. Yet a raft of bitcoin thefts at exchanges like Mt. Gox is raising the question of whether the sophisticated currency still needs the same sort of physical security infrastructure—impenetrable steel vaults, armed security guards, and even paper ledgers—as cash and gold. A Silicon Valley startup called Xapo is among a handful of young companies trying to become the Fort Knox of bitcoin, building secret bank vaults deep in the earth that would safely store millions of dollars worth of bitcoin code on computer drives. And if modern bank robbers still manage to pry open the vault? Xapo promises to fully insure all deposits. On Wednesday, Xapo said it raised $20 million in funding led by venture-capital firm Benchmark, to support a network of underground vaults that the company says are in mountainous regions on multiple continents. To break in, would-be robbers would have to face armed security guards, biometric scanners and a 24/7 video surveillance system. The company says it currently stores bitcoins for roughly 2,000 clients—many of which are hedge funds, family offices and other financial institutions. "Trust in the participants, trust in the technology, trust in the ecosystem as a whole—this is a really important block for the bitcoin ecosystem," said Matt Cohler, a partner at Benchmark, which invested in Xapo alongside Fortress Investment Group and Ribbit Capital. With Xapo, a customer uploads bitcoins to a unique address. The bitcoins' private keys, the secret data used to send funds, are encrypted and stored on physical hard drives and on paper, which are then placed in Xapo's vaults. When a customer wants to transfer funds from the vault to their "wallet," an authorized Xapo employee must first confirm the transaction by taking several steps to verify the identity of the user. Once a day, these authorized employees descend into the vault to fetch the private keys to execute the transactions. According to the company, the code is secured in such a way that it is "mathematically unfeasible" for a third party to read it. Transactions are completed in 24 hours or less. Unlike credit-card transactions, bitcoins aren't safeguarded by consumer protections, so if they are stolen, no laws or intermediary firms can help recover the losses. Xapo says its vaults are backed by an insurance company, to protect against physical theft or malfeasance by Xapo's employees. It doesn't, however, protect against user recklessness, such as sharing their passwords with others. Xapo's Vault product charges a 0.12% annual fee for each deposit. Its Wallet product, which allows people to send or accept bitcoins, doesn't charge any fees for transactions. Other companies are trying to provide similar services. Coinbase, for example, one of the largest bitcoin exchanges, stores as much as 97% of customer information offline, according to its website. The San Francisco company also stores sensitive information on servers that are completely untethered to the Internet. But Coinbase doesn't fully insure users against losses. Elliptic Enterprises Ltd., a British company, says it provides a bitcoin vault that offers insurance for a cost. Whether these depositories are completely impenetrable by hackers remains to be seen, but the companies say they are a necessity after the shutdown of several bitcoin exchanges. Last month, one of the largest, Mt. Gox in Tokyo, lost nearly half a billion dollars of bitcoins after a hacking attack, fanning fears that other exchanges could be vulnerable to attack. A few days later, Canadian exchange Flexcoin said it was shutting down after hackers stole hundreds of thousands of dollars in bitcoins. The attacks have rattled the nascent industry. After hitting a peak price of more than $1,100 in November, the value of bitcoin is now hovering around $600. "Bitcoin today is like the Internet before the browser—it was very hard to use," said Wences Casares, the 40-year-old founder and chief executive of Xapo, which has been working on its vaults for two years. "The first problem is ease of use—it's not user friendly enough—and second, is security-service providers have lost bitcoin in one way or another." For Mr. Casares, born to Patagonian sheep ranchers in Argentina, the campaign to secure bitcoin is as much personal as it is professional. His country has long been racked by dramatic fluctuations of its currency, the Argentine peso. "My family had lost everything, several times, from inflation, to devaluation and confiscation," he said. Mr. Casares has devoted most of his career to creating financial products. He developed Patagon, one of Argentina's first online financial-services firms, which was acquired by Banco Santander for $750 million. He also founded Banco Lemon, a Brazilian bank for the underbanked, which was later sold to Banco de Brasil, and more recently Lemon.com, an online wallet, that was acquired this past December
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Mar 16, 2014 21:30
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honestly if i were argentinian trying not to lose my assets i would probably just buy more goats and land and poo poo not make up a buttcoin startup.
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Mar 16, 2014 21:41
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did the grey forums just get all messed up?
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Mar 16, 2014 21:44
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Boxturret posted:did the grey forums just get all messed up?
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Mar 16, 2014 21:47
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Sham bam bamina! posted:no they've been poo poo for years yes but also according to qcs some people are seeing a hosed up stylesheet
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Mar 16, 2014 21:50
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Base Emitter posted:yes but also according to qcs some people are seeing a hosed up stylesheet 
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Mar 16, 2014 21:53
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Sham bam bamina! posted:i'm following a few gray threads and i haven't noticed anything 
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Mar 16, 2014 21:56
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