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[–]cobolNoFun 15 points 3 hours ago Lets say there are two buses driving around town. Bus 1 (gox) got a flat tire one day. However, instead of dealing with it, they just kept going. The flat tire caused problems (rough ride, taking longer to get to stops, passing stops, loud noises, and general miserableness of a ride). People started to complain, but the bus driver just kept driving, causing the problems to get worse and worse, until it got to a point where the flat tire shot off the rim hitting and breaking the only door off the bus. Now no one can get off the bus, but the driver just keeps driving. Finally after a few passengers jump out of the windows, the driver slams on the breaks and says "I am not going to drive any further until i figure out the problem". To the passengers on the bus, this is even worse then before. Before the couldn't get off the bus, now the bus isn't even going anywhere, they are so used to be beaten and ignored on that bus they feel the bus driver is just continuing down his path of stupid. He might be drunk, we don't know. After a while he discovers the tire is flat. He comes back onto the bus and says "the tire is flat, the company did a bad job creating that tire and we will sit here on the side of the road till the tire company fixes their mistake". Obviously the bus passengers are angry. He could have stopped on looked at the tire a long time ago. He could be fixing the problem with the spare tire that is attached to the bus. It is like a bad dream for these poor passengers. Bus 2 (bitstamp) has been doing his route like normal during all of this. He has missed a few stops here and there, was late to a stop a couple times, but overall been a decent bus driver. Hell, no one will complain, because their other option is the crazy bus with a flat tire. So Bus 2 comes around the turn and sees bus 1 sitting on the side of the road. He pulls up and asks why he is just parked there? He learns of the bad tires and bus1's plan to wait for the tire company. He thinks about it for a second and realizes he has the same tires on his bus. So the bus 2 driver pulls over in front of Bus 1 and tells his passengers "Hold on guys i am going to go check out the tires, and replace them WITH THE SPARE if they need to be replaced. should be back on the road shortly" The passengers on bus2 are upset they have to wait, but think back to the horror stories of bus1...
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# ? Feb 12, 2014 04:07 |
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# ? Jun 10, 2024 08:11 |
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Mr. Powers posted:You're a highschool dropout who works in a micromanaged gas station. Mitchell G. Oxford, your boss and the station owner, doesn't trust you. Who would? When someone pays, he watches on closed circuit and make you wait for his instructions. He doesn't even interact with you directly! He has his secretary get on the intercom to tell you how to make change. Lazy bastard!
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# ? Feb 12, 2014 04:07 |
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it's hilarious how quick mtgox has changed from bitcoin poster-child to public enemy #1. guess that's what happens when you spit in the eye of satoshi
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# ? Feb 12, 2014 04:37 |
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are you people not tired of this poo poo yet
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# ? Feb 12, 2014 04:40 |
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VERTiG0 posted:are you people not tired of this poo poo yet nope
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# ? Feb 12, 2014 04:43 |
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VERTiG0 posted:are you people not tired of this poo poo yet sorry about your sense of humor
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# ? Feb 12, 2014 04:46 |
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ugh utorrent just told me a download was complete and somehow i had clicked on a link to download a copy of the blockchain, all 15 gigs of it thank god my internet isn't metered I guess
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# ? Feb 12, 2014 04:48 |
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Linguica posted:thank god my internet isn't metered I guess rule 36
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# ? Feb 12, 2014 04:49 |
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Linguica posted:ugh utorrent just told me a download was complete and somehow i had clicked on a link to download a copy of the blockchain, all 15 gigs of it stop using utorrent you dumbass
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# ? Feb 12, 2014 04:51 |
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Linguica posted:ugh utorrent just told me a download was complete and somehow i had clicked on a link to download a copy of the blockchain, all 15 gigs of it somehow.
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# ? Feb 12, 2014 04:54 |
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Linguica posted:ugh utorrent just told me a download was complete and somehow i had clicked on a link to download a copy of the blockchain, all 15 gigs of it lol ur a bitcoiner now
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# ? Feb 12, 2014 04:55 |
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stoutfish posted:stop using micro-torrent you dumbass
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# ? Feb 12, 2014 04:56 |
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Robawesome posted:[–]cobolNoFun 15 points 3 hours ago
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# ? Feb 12, 2014 04:56 |
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Robawesome posted:[–]cobolNoFun 15 points 3 hours ago wow some smilies are really poorly made
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# ? Feb 12, 2014 04:58 |
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Boxturret posted:
you'd think people would put in some effort before dropping thirty bucks edit: holy poo poo is a thing FrozenVent fucked around with this message at 05:03 on Feb 12, 2014 |
# ? Feb 12, 2014 05:01 |
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stoutfish posted:stop using utorrent you dumbass how am i supposed to download my linux isos then
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# ? Feb 12, 2014 05:02 |
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FrozenVent posted:lol ur a bitcoiner now
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# ? Feb 12, 2014 05:03 |
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Adix posted:how am i supposed to download my linux isos then step 1: dont step 2: kill you are self
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# ? Feb 12, 2014 05:03 |
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FrozenVent posted:step 1: dont bbbbbut open sores
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# ? Feb 12, 2014 05:05 |
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Adix posted:bbbbbut open sores rub salt in the open sores
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# ? Feb 12, 2014 05:07 |
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FrozenVent posted:you'd think
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# ? Feb 12, 2014 05:14 |
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FrozenVent posted:you'd think people would put in some effort before dropping thirty bucks i can only imagine the laid down with that
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# ? Feb 12, 2014 05:40 |
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Linguica posted:ugh utorrent just told me a download was complete and somehow i had clicked on a link to download a copy of the blockchain, all 15 gigs of it enjoy your new kiddie porn and bible verses
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# ? Feb 12, 2014 05:56 |
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# ? Feb 12, 2014 05:58 |
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# ? Feb 12, 2014 06:03 |
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Linguica posted:ugh utorrent just told me a download was complete and somehow i had clicked on a link to download a copy of the blockchain, all 15 gigs of it
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# ? Feb 12, 2014 06:11 |
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this spam attack thing is just great. and I can't be bothered to look for it but i've seen people post cell phone pics of this transaction with the accompanying message "this small amount of BTC can probably never be spent economically"
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# ? Feb 12, 2014 06:12 |
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Heresiarch posted:i know, it's just really funny that blockchain.info is calling it that
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# ? Feb 12, 2014 06:12 |
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killhamster posted:yeah that's how it's supposed to work like this one (for now) https://blockchain.info/tx/3d84f16993aa7ce190aaaca179f0243e44e41f6c85980e2d96d74c83672c209d https://blockchain.info/tx/97adfc0b48d034008bfa1cc1bcdbd2f1c29a1976eeba5ba9db03d1d406d26958 obviously a malleability attack, notice the identical recipients/amounts (also the ip locations, lol)
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# ? Feb 12, 2014 06:15 |
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Robawesome posted:this spam attack thing is just great.
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# ? Feb 12, 2014 06:15 |
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# ? Feb 12, 2014 06:17 |
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What would you put the odds at that BTC goes to zero (or close to) within the next 6 months? (self.BitcoinMarkets) submitted 10 hours ago by Evolving [–]xyzzy3Bullish 1 point 3 hours ago 5% [–]Sharkictus 3 points 7 hours ago Zero? No chance. If there's too many people who have irrational level of support. Extremely low? Realm of possibility. [–]SuicidalFruitFly 4 points 7 hours ago Very small. I think there are enough opportunistic people willing to risk some money to keep BTC afloat even if it turns out that there are significant problems with the BTC protocol/most implementations. I know I'm one such person . If the BTC exchange rate dropped really low (say, below 100 USD), I would take the gamble and pump some extra fiat into the market. After all, I can only lose what I invest, but if the markets recover I could get some really nice returns. [–]digligBullish 1 point 8 hours ago 0 odds. [–]gnaritasBullish 0 points 8 hours ago 0 [–]bigwhitebike 14 points 10 hours ago 0%. I'll take out loans, work street corners, and max out credit cards if it goes to $1.
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# ? Feb 12, 2014 06:21 |
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Robawesome posted:[–]bigwhitebike 14 points 10 hours ago
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# ? Feb 12, 2014 06:23 |
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So, in the end, MtGox did everyone a huge favor. (self.Bitcoin) submitted 6 hours ago* by CoinyeUnofficial Bitstamp closed withdrawal, BTC-E, and several others too. Whether it is all of them or not (no response from China yet, either), it sounds like there were huge issues with how bitcoin companies used and coded their wallets. MtGox has done the bitcoin community another large benefit and we all progressed forward through their trial and error (and bad customer service / business handling). The other companies now get to learn from Mt Gox's PR nightmares and overall mistakes and fix the problems with little negative feedback. Also since I know this will be downvoted to hell. Even if MTGox sucks complete rear end, they still uncovered a huge industry-wide exposure.
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# ? Feb 12, 2014 06:31 |
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*'s good for bitcoin because
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# ? Feb 12, 2014 06:34 |
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Aussie Technologists Plan To Open The World's First Bitcoin-Based Bank This Year Liz Tay Tomorrow at 4:00 PM Sydney technology firm Hotwire PE is months away from opening the world’s first Bitcoin-based bank after a year of talks with regulators in the UK, US, Australia and Singapore. CEO Craig Steven Wright said Denariuz Bank would begin accepting deposits in the second half of 2014 and would eventually offer Bitcoin-based equivalents of conventional savings accounts, term deposits, credit and debit cards, and loans. One Bitcoin currently buys about $US667 or $A736. Wright said Denariuz would launch with a global pool of more than 100,000 Bitcoin ($A73.6 million) from its backers. Eventually, the bank hopes to have a million customers globally. Denariuz will have no physical branches, nor does Wright expect customers to rely on Bitcoin ATMs. Instead, the company has built an online “eWallet” that, like today’s online banking applications, will let customers access their accounts on their desktop and mobile devices. Wright, who has worked in information security for 15 years and is a lecturer at the Charles Sturt University, also hopes to strike an agreement with a payments card provider like Cuscal to facailitate day-to-day Bitcoin transcations. A growing number of Australian merchants have begun accepting Bitcoin, but Denariuz will provide currency exchange through its “Coin-Exch” platform when needed, he said. Wrestling with regulators and politics Hotwire PE has about 50 staff in Australia and the US, of which about 45 are based down under. Wright said regulatory discussions had been particularly difficult in Australia, where the ATO has yet to clarify how it will handle Bitcoin-related GST. But he was committed to opening Denariuz Bank in Australia because “I’m Australian and I’m still here”. Wright hopes to finalise talks with the tax office in the coming weeks, and with company and banking regulators ASIC and APRA within the year. The latter has yet to decide on whether Denariuz is eligible for a full banking licence, without which it will “be hanging off a third-party Australian Financial Services Licence” (AFSL), Wright explained. PayPal also operates on a restricted banking licence in Australia. APRA’s decision relies on whether it deems Bitcoin a “financial instrument” or money – a definition that international regulators have also grappled with. Bitcoin is not considered “money” or “currency” under Singapore’s GST act, the country’s Inland Revenue Authority stated last month. “[Authorities] have to understand that Bitcoin is money, and should be treated as such,” Wright said. “Unfortunately, there’s a lot more political lobbying involved than I would have liked.” Hotwire PE this week described Denariuz as an effort to “bring about the legitimisation of Bitcoin in Australia and throughout the world”. In the interim, Wright said the company would adhere to all existing laws and regulations including Basel III and its backers would wear the risk of exchange rate fluctuations. He expected a stock market listing to be in the pipeline but declined to discuss details.
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# ? Feb 12, 2014 06:34 |
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gently caress if i know how that article writer is posting from "tomorrow" but i guess bitcoins enable time travel or something
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# ? Feb 12, 2014 06:35 |
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# ? Feb 12, 2014 06:35 |
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...! posted:gently caress if i know how that article writer is posting from "tomorrow" but i guess bitcoins enable time travel or something it only says "in 18 minutes" for me (my backwater state doesn't have dst because it will confuse the cows and fade the curtains)
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# ? Feb 12, 2014 06:45 |
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# ? Jun 10, 2024 08:11 |
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Dex posted:https://bitcoinfoundation.org/blog/?p=422 anyone remember that time like 24 hours ago when Gox was making it up and this was a well known behavior that had existed for years and wasn't on the list of the top 10 biggest bitcoin issues
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# ? Feb 12, 2014 06:48 |