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One of my Venezuelan co workers quit/retired today because he had a shitload of Bitcoin in a wallet which was originally destined for family back in Venezuela. He cashed it out over the last few weeks and is now done working.
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Dec 1, 2017 03:33
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Return Of JimmyJars posted:One of my Venezuelan co workers quit/retired today because he had a shitload of Bitcoin in a wallet which was originally destined for family back in Venezuela. He cashed it out over the last few weeks and is now done working. WHAT SOMEONE MADE MONEY BUT THE BUBBLE /relax everyone else, I'm just yanking your chains
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Dec 1, 2017 03:37
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That’s awesome, good for him. I dabble every couple of months and ride it up 20% or so then cash out on coinbase. If you follow the news it’s pretty easy to guess when to buy and sell and profit take/speculate. Just don’t put a lot of money in lol
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Dec 1, 2017 03:42
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A MIRACLE posted:Just don’t put a lot of money in lol
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Dec 1, 2017 03:43
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Or do I’m not your dad Also good luck converting bitcoin into house money
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Dec 1, 2017 03:51
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Bitcoin sucks for buying drugs, i would rather pay with ethereum because then I would only pay like 10 cents in fees instead of 5 bucks. Plus it would go through way faster.
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Dec 1, 2017 05:38
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And I mean again as someone pointed out, way less anonymous than just using cash lol
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Dec 1, 2017 05:40
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Stefan Prodan posted:And I mean again as someone pointed out, way less anonymous than just using cash lol blockchain
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Dec 1, 2017 05:43
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If a drug dealers wallet is compromised then it's trivial for law enforcement to see literally every single transaction and who it came from. I have no idea where this nonsense about Bitcoin being anonymous came from. The blockchain is completely public.
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Dec 1, 2017 05:45
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Stefan Prodan posted:And I mean again as someone pointed out, way less anonymous than just using cash lol u need the cash to snort the drugs with
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Dec 1, 2017 05:48
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did anyone say buttcoin yet?
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Dec 1, 2017 05:49
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a hot gujju bhabhi posted:If a drug dealers wallet is compromised then it's trivial for law enforcement to see literally every single transaction and who it came from. I have no idea where this nonsense about Bitcoin being anonymous came from. The blockchain is completely public. The list of ways to send someone $1000 without linking it to your identity or necessarily knowing who you're sending it to is pretty short.
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Dec 1, 2017 10:23
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a hot gujju bhabhi posted:If a drug dealers wallet is compromised then it's trivial for law enforcement to see literally every single transaction and who it came from. I have no idea where this nonsense about Bitcoin being anonymous came from. The blockchain is completely public. If you're talking about looking it up on the blockchain, then all they have is a wallet address. Sure, they might be able to trace those coins back to something like Coinbase who might be able to be subpoenaed and might give that information up, or Coinbase might tell them to gently caress off. If you just bought them from your buddy, who bought them from their buddy, and so on, then the trail could run cold. If you're talking about they're literally in the drug dealer's home and he has your home address written down somewhere, you'd run into the same problem if you mailed him a stack of cash. Cash is better for buying drugs though and who doesn't know a drug dealer in real life, lol.
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Dec 1, 2017 11:00
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CassandraZara posted:If you're talking about looking it up on the blockchain, then all they have is a wallet address. Sure, they might be able to trace those coins back to something like Coinbase who might be able to be subpoenaed and might give that information up, or Coinbase might tell them to gently caress off. If you just bought them from your buddy, who bought them from their buddy, and so on, then the trail could run cold. That is... not true at all. Sure, you have just a wallet address if Coinbase refuses to give up user info (lol, they won't). But with that, you can see all transactions coming in and going out. Buy a pizza from the same address (lol, as if you could buy anything but drugs)? They know whereabouts you live. Transfer to or receive drug money from a buddy? They now have two targets. You can bounce transactions around a bit, but that's a lot harder to do than it was in the 80s.
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Dec 1, 2017 11:19
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Someone asked me about bitcoin today, someone wanted to write a report on it. I had a hard time explaining how bitcoin had any net worth, what it meant from a political perspective and what it's typically used for (petty/darknet crime) and now what it's used for (larger scale white collar crime). This poo poo's so twisted and impenetrable that seems to get people's eyes shining with dollar signs before they can really understand what "inherently deflationary", "without regulation" and "tied to lesser (and soon to be greater) criminal enterprises" The real kicker was when I was trying to explain how the currency itself was being propped by the secondary cryptocurrency of Etherium that uses those investment markers to keep the price of bitcoin at a certain level, and how when there wasn't enough money to shuffle around in those particular markers, they'll either collapse (taking bitcoin with it) or another form of markers will show up, creating a shell game of where the money exists within the system. At this point both the kid and the teacher that were asking about it had their eyes glaze over, and the teacher decided "there's no way we're covering that." Sestze fucked around with this message at 11:22 on Dec 1, 2017 |
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Dec 1, 2017 11:20
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Gobbeldygook posted:You can still buy bitcoin anonymously and use it to pay your internet drug dealer. That's why it's "anonymous". It doesn't matter if a transaction is public if LEO can't connect you to the transaction. But that handful of methods for buying bitcoin anonymously is going to require cash, usually at a premium over using an exchange. But then why not just pay the drug dealer with the cash? Using bitcoin to pay a person who you're meeting anyway just seems pointless and also more expensive Bitcoin is necessary for using online drug marketplaces but then you're having that poo poo delivered to your address and that's sure as gently caress not anonymous
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Dec 1, 2017 13:50
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QuarkJets posted:Bitcoin is necessary for using online drug marketplaces but then you're having that poo poo delivered to your address and that's sure as gently caress not anonymous "I didn't order that."
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Dec 1, 2017 14:11
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Irom posted:"I didn't order that." “Save it for the judge”
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Dec 1, 2017 14:19
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CassandraZara posted:If you're talking about looking it up on the blockchain, then all they have is a wallet address. Sure, they might be able to trace those coins back to something like Coinbase who might be able to be subpoenaed and might give that information up, or Coinbase might tell them to gently caress off. Coinbase is currently turning over tons of information to the IRS, so I wouldn't rely on them telling anyone to gently caress off. And my dealer takes PayPal, Facebook pay, and credit cards through Square, but I usually pay cash anyway. All of those are far easier than paying with bitscoin.
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Dec 1, 2017 14:51
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Pitdragon posted:realistically speaking when do you guys think this bubble will burst? I thought yesterday but I guess not
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Dec 1, 2017 14:53
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You can just use Monero for buying drugs, or use Monero to 'clean' bitcoin (make it so that your identity isn't tied to a bitcoin address).
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Dec 1, 2017 15:03
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When is the bubble gunna pop so I stop feeling like an idiot for not buying bitcoins?
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Dec 1, 2017 17:11
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a bone to pick posted:When is the bubble gunna pop so I stop feeling like an idiot for not buying bitcoins? Tuesday.
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Dec 1, 2017 17:13
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bitcoin is going to reach 15k in the next week. u mad???? bitch!!! u madd?? hahahaha i will be rich and u will be mad
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Dec 1, 2017 17:39
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a bone to pick posted:When is the bubble gunna pop so I stop feeling like an idiot for not buying bitcoins? Your bitcoins would have been stolen anyway
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Dec 1, 2017 17:42
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Manic Technophile posted:Yeah, you wouldn't want to end up with a free house or anything. drat, if only you put your entire life savings into enron when their stock was going up Up UP then you'd have a "free house" right now too, except you wouldn't own it and the homeless charity requires you to be out by 7am.
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Dec 1, 2017 17:42
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Uranium 235 posted:You can just use Monero for buying drugs, or use Monero to 'clean' bitcoin (make it so that your identity isn't tied to a bitcoin address). Oh That’s why it’s doubled in value, nice going, drugs
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Dec 1, 2017 17:43
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ahhahaha my kitchen appliances will be worth more than u 
ghosTTy fucked around with this message at 09:12 on Jan 21, 2018 |
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Dec 1, 2017 17:48
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Comfy Fleece Sweater posted:Oh every privacy coin, no matter how lovely, has significantly increased in price in the last several months
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Dec 1, 2017 18:31
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Manic Technophile posted:Yeah, you wouldn't want to end up with a free house or anything. So I take it you've gone all in with your life savings and taken out a bunch of loans to buy bitcoins? If not, why not? Aren't you turning down free houses?
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Dec 2, 2017 03:44
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QuarkJets posted:So I take it you've gone all in with your life savings and taken out a bunch of loans to buy bitcoins?
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Dec 2, 2017 04:12
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Manic Technophile posted:Yeah I'm all in but no loans. All in in what sense? All in with play money? All in with all of your savings? All in with all of your savings and dumping all of your disposable income into it? Why no loans?
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Dec 2, 2017 04:40
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Lol at that permabanned retard admitting who he was and getting owned.
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Dec 2, 2017 20:12
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a bone to pick posted:When is the bubble gunna pop so I stop feeling like an idiot for not buying bitcoins? it aint never gonna pop were gonna ride it to $100k per bitcoin baby!
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Dec 2, 2017 20:29
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kicking myself for not picking the powerball numbers correctly.
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Dec 2, 2017 20:34
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QuarkJets posted:All in in what sense? All in with play money? All in with all of your savings? All in with all of your savings and dumping all of your disposable income into it? its seraph so it's either kiddie porn or star citizen
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Dec 2, 2017 20:35
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So all in with virtual spaceship lifetime insurance I guess lol
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Dec 2, 2017 23:10
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exploded mummy posted:its seraph so it's either kiddie porn or star citizen For a moment I thought I was in that GBS Star citizen thread that I was reading yesterday. It's amazing how the bitcoin thread and the star citizen thread are 100% indistinguishable without context.
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Dec 3, 2017 02:40
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jonathan posted:For a moment I thought I was in that GBS Star citizen thread that I was reading yesterday. It's amazing how the bitcoin thread and the star citizen thread are 100% indistinguishable without context. makes you think
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Dec 3, 2017 03:30
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It's not bitcoin, it's either, but I made $200 this weekend playing cryptokitties.co ! Finally, a litigate use for crypto. Eat it haters. https://techcrunch.com/2017/12/03/people-have-spent-over-1m-buying-virtual-cats-on-the-ethereum-blockchain/
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Dec 4, 2017 04:58
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