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https://twitter.com/Falkvinge/status/689914706631458818 yes good. good. Serak fucked around with this message at 22:48 on Jan 20, 2016 |
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Jan 20, 2016 22:32
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Serak posted:https://twitter.com/Falkvinge/status/689914706631458818 Is he the guy that made a big article about putting his life savings into bitcoin?
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Jan 20, 2016 23:37
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Mr. Powers posted:Is he the guy that made a big article about putting his life savings into bitcoin? I didn't recognise the name, but yes he is! http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/ No evidence of whether this is a thing he actually DID though Also, according to wikipedia, "He has no children and is not married but openly polyamorous,[42] which still precludes marriage for legal reasons as of April 2014."
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Jan 20, 2016 23:49
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LFMAO BITCONS!!!!!
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Jan 20, 2016 23:52
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Jan 20, 2016 23:54
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Who was the ponzi scheme guy who went down for hard time? That was funny to read his defenders rationale. I think the only positive outcome was the guy who bought the buttcoin.org domain, didn't he flip it for real money at some point?
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Jan 21, 2016 00:59
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Scaramouche posted:Who was the ponzi scheme guy who went down for hard time? That was funny to read his defenders rationale. pirate40 or something?
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Jan 21, 2016 01:02
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Jeffrey of YOSPOS posted:LFMAO BITCONS!!!!! yeah they are funny as poo poo especially the people that think they're good
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Jan 21, 2016 01:04
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Scaramouche posted:Who was the ponzi scheme guy who went down for hard time? That was funny to read his defenders rationale. pirateat40 aka Trendon T. Shavers
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Jan 21, 2016 01:09
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thathonkey posted:yeah they are funny as poo poo especially the people that think they're good Remember that time when bitcoin, a technologically sound project, toppled entire government regimes?
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Jan 21, 2016 01:10
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EorayMel posted:Remember that time when bitcoin, a technologically sound project, toppled entire government regimes? remember they planned to put the block chain in space?
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Jan 21, 2016 01:18
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He's going to be sentenced in a couple weeks time so that's something to look forward to http://www.coindesk.com/bitcoin-ponzi-scheme-operator-pleads-guilty-to-securities-fraud/ quote:Bitcoin Ponzi Scheme Operator Pleads Guilty to Securities Fraud
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Jan 21, 2016 02:13
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Remember when Bitcoiners all invested in an honest from the get go Ponzi? Like the OP said THIS IS A PONZI SCHEME! and people gave him money and told people calling them idiots that the business was fine as long as you knew when to get out? Jesus those were good times
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Jan 21, 2016 02:18
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what are the odds that shaver guy has even $1m with which to pay the fines?
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Jan 21, 2016 02:26
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Remember that bitcoin homeless encampment? I think it was in the florida jungle somewhere. I forget how it was supposed to work. Didn't some goon make an actual game based on that? I remember playing a choose-your-own-adventure style game.
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Jan 21, 2016 02:33
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Was it the first big Bitcoin crash that was caused by a goon posting "BITCOIN IS CRASHING: SELL SELL SELL" on their forum?
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Jan 21, 2016 02:39
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Professor Shark posted:Was it the first big Bitcoin crash that was caused by a goon posting "BITCOIN IS CRASHING: SELL SELL SELL" on their forum? This is another thing that never actually happened, but we like to repeat anyway.
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Jan 21, 2016 02:42
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Leperflesh posted:Remember that bitcoin homeless encampment? I think it was in the florida jungle somewhere. I forget how it was supposed to work. http://www.beepboopbitcoin.com/ Pro tip: It's worth it to play through to the end. Keep playing until you've won.
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Jan 21, 2016 02:49
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SuperSpiff posted:This is another thing that never actually happened, but we like to repeat anyway. Hey man, it was repeated enough in the old thread that I thought it happened
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Jan 21, 2016 02:52
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Professor Shark posted:Remember when Bitcoiners all invested in an honest from the get go Ponzi? Like the OP said THIS IS A PONZI SCHEME! and people gave him money and told people calling them idiots that the business was fine as long as you knew when to get out? Yeah so, they're still doing that http://gamblingwithbitcoin.com/bitcoin-ponzi-game/  quote:Bitcoin ponzi games are based on ponzi scheme which gives you the new investors’ money – the higher the promised returns, the greater the risk of the Ponzi.
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Jan 21, 2016 03:09
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Professor Shark posted:Was it the first big Bitcoin crash that was caused by a goon posting "BITCOIN IS CRASHING: SELL SELL SELL" on their forum? THE PRICE OF BITCOINS IS CRASHING SELL SELL SELL onesalt posted:
https://en.wikipedia.org/wiki/History_of_Bitcoin code:Ivor Biggun fucked around with this message at 03:47 on Jan 21, 2016 |
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Jan 21, 2016 03:43
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I followed all the threads. And this poo poo is boring. Fresh news?
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Jan 21, 2016 03:57
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Bitcoin dudes really hype the potential for bitcoin as currency. Bitcoin can only even theoretically become worthwhile as currency if it's price stays flat & predictable. Bitcoin dudes really hype the trillions of dollars they'll make when Bitcoin rises exponentially & unpredictably. The standard response to this dilemma is that they're both possible, if and when the global economic system irreversibly collapses. They'll just trade their e-currency for gold in the fallout shelter. What I'm getting at is that Bitcoin is a doomsday cult
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Jan 21, 2016 04:47
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Ivor Biggun posted:THE PRICE OF BITCOINS IS CRASHING SELL SELL SELL This was five hours later. "sam" posted at 2:38pm UTC, the market dropped at ~7:45pm UTC. Here's a nice picture:  It was just the daily ups and downs and downs and downs that Bitcoin tends to go through.
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Jan 21, 2016 06:14
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Emanuel Collective posted:Bitcoin dudes really hype the potential for bitcoin as currency. Bitcoin can only even theoretically become worthwhile as currency if it's price stays flat & predictable. Bitcoin dudes really hype the trillions of dollars they'll make when Bitcoin rises exponentially & unpredictably. The standard response to this dilemma is that they're both possible, if and when the global economic system irreversibly collapses. They'll just trade their e-currency for gold in the fallout shelter. I've never heard of any half-way decent doomsday scenario where the internet is still up. We can't properly devolve into feudal lords vs. legions or rape-raiders if there's still an internet. "Hey guys, a water caravan just tweeted that they're leaving. Call in the reserves, I looked up their new bodyguards and they're serious people, one of them hosts my favorite improvised-pipe-guns YouTube series."
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Jan 21, 2016 06:22
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Darth123123 posted:I followed all the threads. And this poo poo is boring. Fresh news? cryptsy took a poo poo
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Jan 21, 2016 07:22
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happyhippy posted:12. Our future Captain's of Industry misplacing a decimal point for the fee, and have just gave 9/10 of what they have to another person. 14. Roger “Bitcoin Jesus” Ver renounced his US citizenship in order to avoid a shitload of back taxes but accidentally became stateless in the process (which is a really lovely situation), wanted to re-enter the US in order to attend a bitcoin conference but was denied entry because he had this huge tax bill, so then he paid his enormous tax bill and the US State Dept was like "lol thanks for the money but you're still a shithead and we don't want you to come here, gently caress off" 15. The iOS game that paid people penny shavings of bitcoin to keep playing, and then someone figured out how to get the game to pay out all of its bitcoins at once 16. The bitcoiner who came up with "Paycoin" which was an altcoin that was supposed to be guaranteed to be worth at least $20 per coin. And then when the price crashed and he ran out of money saying "how was this ever even supposed to work? I think that there are some fundamental flaws with the idea behind this altcoin!"
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Jan 21, 2016 08:02
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QuarkJets posted:14. Roger “Bitcoin Jesus” Ver renounced his US citizenship in order to avoid a shitload of back taxes but accidentally became stateless in the process (which is a really lovely situation), wanted to re-enter the US in order to attend a bitcoin conference but was denied entry because he had this huge tax bill, so then he paid his enormous tax bill and the US State Dept was like "lol thanks for the money but you're still a shithead and we don't want you to come here, gently caress off" 17. The bitcoin exchange that was being run entirely on a single ephemeral AWS virtual machine with no persistent storage. They lost all their bitcoins when they rebooted it one day.
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Jan 21, 2016 09:09
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Serrath posted:When you say hundreds of thousands of dollars, you mean hundreds and thousands of imaginary numbers that a handful of people have agreed might be worth hundreds of thousands of dollars, correct? dpr's attorney actually used this argument at one point to try to get the case dismissed
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Jan 21, 2016 09:12
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5-HT posted:dpr's attorney actually used this argument at one point to try to get the case dismissed Ah ha, of course they did. People who use bitcoins want this sort of crytocurrency to replace existing currencies, yes? How do people deep into bitcoin reconcile their hope that the value will continue to increase at an incredible rate (making them e-millionaires!) with the reality that a currency with wild fluctuations (up or down) cannot possibly hope to serve as a functional, day to day currency? Like, fulfillment of the latter goal (making it a currency that can be used for day to day transactions and normal finances) poisons the former goal, that their value can only up Up UP! (I know the answer to this lies somewhere between ignorance and delusion but I'm wondering if any e-philosophers have attempted to address these incompatible goals)
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Jan 21, 2016 09:22
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I think the actual number of Bitcoin true believers who really think it's going to take off any time now is pretty small at this point. However there are still a lot of bagholders who don't want the value of their coins diminished, and would never admit it or even express public views to the contrary. See the admin of the main bitcoin Reddit who will delete any discussion related to the current fracturing of the network. There's an "investment" to protect, and maybe if they wait a bit longer the price will fluctuate back up to 600 dollars a coin (so they only take a 200 dollar loss on each because they bought in at the Mt. Gox bot-price-pump fiasco).
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Jan 21, 2016 12:12
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Emanuel Collective posted:Bitcoin dudes really hype the potential for bitcoin as currency. Bitcoin can only even theoretically become worthwhile as currency if it's price stays flat & predictable. Bitcoin dudes really hype the trillions of dollars they'll make when Bitcoin rises exponentially & unpredictably. The standard response to this dilemma is that they're both possible, if and when the global economic system irreversibly collapses. They'll just trade their e-currency for gold in the fallout shelter. Yep in the event that the global economic system collapses i bet there will be great internet connectivity for using digital currencies
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Jan 21, 2016 13:06
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i just don't get how one coin can be worth 600 australian dollars, and that one cent of a bitcoin is worth six dollars how can you use like, 2/100s of a bitcoin to buy your lunch? How can that possibly work?
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Jan 21, 2016 13:08
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You would just enter in ".02" into the software and send it to whatever address. People on reddit even got into the habit of "tipping" fractions of a penny worth of coins before it was banned on most forums for being indistinguishable from spam. The smallest unit is named after Dear Leader Satoshi Mercury_Storm fucked around with this message at 13:30 on Jan 21, 2016 |
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Jan 21, 2016 13:18
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LethalGeek posted:oh, or you find someone on localbitcoin and hope they don't stab you I haven't kept up with this nonsense in a couple of years, is this something that really happens /has happened?
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Jan 21, 2016 14:21
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the one thing I don't get is these guys hedge that bitcoin will rise when the global economic system collapses do they not understand that when things like that happen your bigger problem is keeping the power grid running and the streets free of riots..... like how do they expect to get their butts out of a box with no power or internet
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Jan 21, 2016 15:25
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they'll just drop the difficulty and you'll have to do the hashing by hand
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Jan 21, 2016 15:28
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Fonzarelli posted:i just don't get how one coin can be worth 600 australian dollars, and that one cent of a bitcoin is worth six dollars Because the number of people using them in actual transactions are vanishingly small and they're primarily used as an investment for idiots or money laundering. I don't know how much a $12 AUS lunch would cost in bitcoin after the fees but considering how slow the network is to verify you should order early!
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Jan 21, 2016 15:29
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What percentage of global warming carbons can be attributed to criminals running overheating processors for this poo poo?
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Jan 21, 2016 16:04
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raditts posted:I haven't kept up with this nonsense in a couple of years, is this something that really happens /has happened?
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