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The Something Awful Forums > Archives > General Bullshit > Bitcoin is hilariously broken in 2016
 
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Senor Tron
May 26, 2006


 Ah Bitcoin thread, it's been too long my old friend.

Do we have any idea what Bruce Wagner is up to nowadays?

edit: http://bitcoinme.com/forum/viewforum.php?f=2 :lol:

Senor Tron fucked around with this message at 16:14 on Feb 3, 2016

* # ¿ Feb 3, 2016 16:04
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# ¿ May 14, 2024 18:55
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Senor Tron
May 26, 2006


 Are any of the people who spent vast amounts on BFL hardware still using it, or is it hilariously outdated now?

* # ¿ Feb 17, 2016 04:36
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Senor Tron
May 26, 2006

Sentient Data posted:

If only I had fewer ethics, it'd be so easy to start up a bitcoin insurance agency, publicly pay out a few initial claims to people in on the scam to build up trust, then just deny every one of those big hack claims (and vanish into the night if the pressure somehow builds)

Normally an insurance agency is a guaranteed profit just based on the business model, but lol at the thought of anyone paying a reasonable rate based on the risk (especially since the risk will rise due to people taking the insurance purely to try to double their money with a fraudulent payout)

Might have worked in the early days, but now if you made any money from that you would certainly end up arrested.

edit: Or assassinated. I seem to remember that one scheme that came up often on the Bitcoin forums was people suggesting hiring bounty hunters to find anyone who cheated the community. Everyone suggesting that of course wanted others to pay for it.

* # ¿ Aug 3, 2016 04:42
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The Something Awful Forums > Archives > General Bullshit > Bitcoin is hilariously broken in 2016