Bitcoin discussion and news

[Belushi]

It's a paradigm shift...

 

[Corax]

Just wondered if anyone on this thread has read Neal Stephenson's Cryptonomicon?

Uncanny para//e/5

 

[kabbes]

Just wondered if anyone on this thread has read Neal Stephenson's Cryptonomicon?

Uncanny para//e/5

I'm pretty sure we discussed that earlier in this thread.

 

[Corax]

Well I do apologise.

 

[kabbes]

To be fair, it might well have been on another thread about this same currency. I don't hold it against you. Go in peace.

 

[joustmaster]

that exchange that got hacked opened back up this weekend.
the exchange rate is the same as it was before.

 

[ExtraRefined]

The something awful goons will be disappointed

 

[camouflage]

To be fair, it might well have been on another thread about this same currency. I don't hold it against you. Go in peace.

Lol, "Go in peace", I like that, I'll be using that a lot from now on. Overusing probably.

Thank you for this gift, may your enemies suffer horribly. Er... I mean go in peace.

 

[grit]

You might be surprised ...

http://www.cl.cam.ac.uk/~rja14/econsec.html

Thanks for that completely irrelevant link.

 

[Combustible]

So to no-ones surprise it's looking like the entire thing is in the process of collapsing.

http://buttcoin.org/bitcoin-crashes-below-the-5-mark-loses-35-of-its-value-massive-selloff-today

And one of bitcoins main proponents is a convicted fraudster.

http://buttcoin.org/has-bruce-wagner-pulled-off-the-financial-biggest-scam-on-the-bitcoin-community

 

[kabbes]

Colour me amazed.

 

[Belushi]

I've been occasionally following bitcoin developments since this thread, I've particularly enjoyed watching blowhard libertarians get repeatedly scammed and lose their shirts to speculators as they learn some hard lessons about the reality of 'free markets'.

 

[grit]

So to no-ones surprise it's looking like the entire thing is in the process of collapsing.

http://buttcoin.org/bitcoin-crashes-below-the-5-mark-loses-35-of-its-value-massive-selloff-today

And one of bitcoins main proponents is a convicted fraudster.

http://buttcoin.org/has-bruce-wagner-pulled-off-the-financial-biggest-scam-on-the-bitcoin-community

Or its just finally reaching a stable low value, as expected. That said the traction outside drug dealing does seem to be lacking.

 

[paolo]

Even regular currencies need active management to be stay even vaguely stable - see what's happening to the Swiss Franc.

The idea that massive deflation, followed by a crash, is a indicator of immediate stability is - well - a new one.

 

[kabbes]

The idea that massive deflation, followed by a crash, is a indicator of immediate stability is - well - a new one.

 

[butchersapron]

http://arstechnica.com/tech-policy/...down-blaming-regulation-and-loss-of-funds.ars

 

[joustmaster]

i bought in again in november/december at about the 2 dollar mark, and sold a few weeks a go at 6, after it had steadied out for a good while.

 

[ExtraRefined]

So this has really taken off in quite a big way

http://www.marketplace.org/topics/tech/stealthy-silk-road-website-flying-high

 

[Dan U]

several people on a forum i post on have reignited or developed smack habits due to SR

 

[pinkychukkles]

Another Bitcoin exchange forced to suspend activities and probably close due to theft:
http://www.bbc.co.uk/news/technology-19486695

One of the biggest Bitcoin currency exchanges has been taken offline after 24,000 units ($250,000; £157,800) of the virtual currency were stolen from its computer servers. Bitcoins can be used for online money transfers and trades, and the currency uses cryptography to protect it. But Bitfloor's founder, Roman Shtylman, said he had kept unencrypted "keys", which the thief accessed and used to take the money. Bitfloor's future is now in doubt.

Has this virtual currency got a future? It seems all the news recently has been negative... or maybe that's what The Man planned.

 

[Idaho]

It's still going...

 

[fredfelt]

Still rising in value as well! About time I took a dividend from my investment .

 

[Corax]

Is TSR still alive?

 

[fredfelt]

Yup.

 

[joustmaster]

Bitcoins have been slowly increasing in value over the last few months.
Over 20usd each now.

 

[fredfelt]

Bitcoins have been slowly increasing in value over the last few months.
Over 20usd each now.

It is tempting to buy more as an investment! I tend to keep around £100 worth which has already given a few 'dividends'.

 

[Idaho]

A very risky investment but potentially high returning. I've been looking into it. The problem is whether it will be outlawed, broken or superceded.

 

[ymu]

Or destroy the tax-base and leave the other suckers to pick up the bill.

 

[fredfelt]

Or destroy the tax-base and leave the other suckers to pick up the bill.

Sorry about that. It was a bit careless of me!

 

[joustmaster]

It is tempting to buy more as an investment! I tend to keep around £100 worth which has already given a few 'dividends'.

Thats exactly what I do.
Except for right when it started, and it was something like 0.1 per $. I managed to generate loads by mining.