Urban75 Home About Offline BrixtonBuzz Contact

Bitcoin discussion and news

"Regardless of what Bitcoin is trading at - we're still accepting it at our store (beds for cats)"

:D
 
They had a suicide hotline stickied yesterday as people had been claiming that they'd invested their entire life savings, college funds, pensions, etc, as well as maxxing out credit cards to buy coins :facepalm::(

A couple of weeks ago they had advice posts on "how to cope with your new found wealth" :D

Anyone want any dogecoins? I have a couple of hundred :)
 
I got nervous when it hovered around $1000 and dumped a load into amazon vouchers.

If anyone fancies doing the same I can't recommend these guys enough - https://bitfest.co.uk/

Really smooth transaction using bitpay. I now have enough to cover amazon purchases for the next....5 years. :D:hmm:

Next all time high will be...March 2014. ;)
 
I made a few quid in the March rally but made a balls of this one. Should have hodled.

Almost had the claim to fame of being the first to answer the hodl post but was logged out.
 
Does anyone know anything about the "assassination" website.Does it exist,is it a way of winding politicians up or what.As I understand it Bit Coins are contributed to a fund which puts a bounty on a politicians life then when someone accepts the contract there are methods set up to allow the claiming of bounty after completion.Sounds interesting and extremely illegal.
ATTN: GCHQ etc,I merely have an intellectual interest in this and am in no way interested in contributing to a fund to off IDS.
 
peterkro said:
Does anyone know anything about the "assassination" website.Does it exist,is it a way of winding politicians up or what.As I understand it Bit Coins are contributed to a fund which puts a bounty on a politicians life then when someone accepts the contract there are methods set up to allow the claiming of bounty after completion.Sounds interesting and extremely illegal.
ATTN: GCHQ etc,I merely have an intellectual interest in this and am in no way interested in contributing to a fund to off IDS.
Click to expand...
Excellent stuff, what a book or film that story would make. It needs to exist. :cool:
 
Anyone seen this? Bitcoin insurance, underwritten by Lloyd's of London.

'World first' Bitcoin insured vault http://www.bbc.co.uk/news/technology-25680016

There are very strict regulations regarding money laundering and financial services. I'm not that au fait with them, but I'm wondering how this ties up with those.

Case law also says that shareholder interest in companys assets cannot be insured.

Given that bitcoins value seems to be fuelled primarily by proceeds of crime and financial speculation, I find this all a bit odd.

My suspicious side is thinking this could be a way to get criminals to out themselves. Delving into conspiracy realms a bit there.

What does anyone make of this?

kabbes input would be valued, if he hasn't started his very important new job...
 
With the laws in the US being odd sometimes. Where do they stand on the US just baning the use of bitcoin out right. All they have to is find "evidence" of terrorist use and most of the population will back it
 
Jon-of-arc said:
Anyone seen this? Bitcoin insurance, underwritten by Lloyd's of London.

'World first' Bitcoin insured vault http://www.bbc.co.uk/news/technology-25680016

There are very strict regulations regarding money laundering and financial services. I'm not that au fait with them, but I'm wondering how this ties up with those.

Case law also says that shareholder interest in companys assets cannot be insured.

Given that bitcoins value seems to be fuelled primarily by proceeds of crime and financial speculation, I find this all a bit odd.

My suspicious side is thinking this could be a way to get criminals to out themselves. Delving into conspiracy realms a bit there.

What does anyone make of this?

kabbes input would be valued, if he hasn't started his very important new job...
Click to expand...
Seemed very bizarre on first read, but is possibly more straightforward than it seems. A Lloyd's syndicate (NOT "Lloyd's", as stated in the article) is apparently insuring a storage company, not the currency itself. The storage company is the one worrying about currency values and security. The syndicate are just insuring people against the storage company's fuck-ups. Although the nature of what fuck-ups are actually insured is not identified by that article.

I'd like to know more, not least who is actually providing this coverage.
 
Interesting.

"Matt Beasley, a Lloyd’s spokesperson, confirmed the arrangement, but declined to provide further details."

http://arstechnica.com/business/201...-new-uk-startup-offers-insured-bitcoin-vault/

So we don't actually know what is technically being underwritten here. We know what the storage company are promising investors, but we don't know what the insurers have promised the storage company. And I still can't find out who the actual underwriters are.
 
kabbes said:
Interesting.

"Matt Beasley, a Lloyd’s spokesperson, confirmed the arrangement, but declined to provide further details."

http://arstechnica.com/business/201...-new-uk-startup-offers-insured-bitcoin-vault/

So we don't actually know what is technically being underwritten here. We know what the storage company are promising investors, but we don't know what the insurers have promised the storage company. And I still can't find out who the actual underwriters are.
Click to expand...

The beeb article says they will pay out the "us dollar to bitcoin" exchange rate, at the time the claim is made. Surely this makes the risk speculative in nature, which I'm led to believe is a big no-no?
 
The storage company will, but it isn't clear what the insurers will do.

In any case, new-for-old insurance is as old as the hills, and that's what is basically happening here.
 
Something I don't understand about using Bitcoin as a payment system is related to the delay that you get between sending the money the receipt being confirmed.

I've found it can take a few minutes for a transaction to be confirmed. This is fine for what I use it for but if it were to be used to pay for something in a shop you'd want an immediate confirmation that the cash has been received.

Do you get close to immediate confirmations of the transfer? Does anyone know how Bitcoin in retail works?

I get it that the bigger transfer fee you pay the quicker the transfer is confirmed - but I find confirmations slow even with adding a transfer percentage to the payment.
 
Apple has removed the bitcoin app Blockchain from its iOS App Store, underscoring the belief that the company has an unstated policy against such services.

The Blockchain app has been on the app store for two years, and hooks in with popular online wallet service Blockchain.info to enable users to use their iPhones and iPads to make bitcoin transactions.

On Wednesday, Apple pulled the app. Blockchain cites official communication saying that the removal was due to an "unresolved issue", and argues that this is "a claim that cannot even be disputed and boils down to 'because we said so'".

"There was no communication prior to removal of this popular app," the company continued in a written statement, "no indication of any problems and no opportunity to redress any issues, making a mockery of the claim that there was an 'unresolved issue'."

Apple has a record of clamping down on apps that can be used to send or receive bitcoin. In December, it forced secure messaging app Gliph to remove bitcoin functionality, while BitPak, Bitcoin Express and Coinbase have also entered the graveyard of bitcoin apps.

While the company seems to have a consistent stance against Bitcoin apps, it does not provide consistent reasons to the developers themselves about why their apps are being removed.
Click to expand...
http://www.theguardian.com/technology/2014/feb/06/apple-bans-another-bitcoin-app-from-iphones
 
joustmaster said:
its dropped a fair bit in the last couple of days, too.
Click to expand...

Russia say Nyet Bitcoin! Russia Crush with Force! Russia Strong Like Bear!

Also another Gox FlusterCluck, the long drawn out death of Mt Gox continues to splatter unfortunate by-standers with weird translucent goo.

In other news, the altcoin industry is really exploding, there seems to be another ten alternative crypto-coins every two days (or to put another way- 5 a day. erm... yeah). I think this is a good development really, not just because cryptographic tokens can be about so much more than just currency (a technology utterly preggers with potential in all sorts of directions), but also because the alt-coins market has drawn a lot of that speculative energy off bitcoin so that for the month before this Gox debacle and Russias declared intention to "Crush with Force!", the bitcoin price has been eerily stable. It's as if the altcoins are like some sort of suspension system or summik.

I'm tempted to talk about the other cryptio's, but it's such a vast hodge-podge of who-knows-what I daren't speak about them lest I accidentally influence someone into losing their shirt. Or some buttons. Once the whole crypto thing stopped being just a fascinating concept and started being actual money in practice I realised that not being a financial advisor I should learn to shutup about it and take a sort of vow of silence. I've been a lot less of a bitcoin bore since then actually, generally speaking anyway.

But have to say it is interesting to see that Bitcoin is now the defacto reserve currency in which all other cryptos are traded, effectively the altcoin plethora is just another market exerting demand pressure on bitcoin.
 
Last edited:
camouflage said:
Russia say Nyet Bitcoin! Russia Crush with Force! Russia Strong Like Bear!

Also another Gox FlusterCluck, the long drawn out death of Mt Gox continues to splatter unfortunate by-standers with weird translucent goo.

In other news, the altcoin industry is really exploding, there seems to be another ten alternative crypto-coins every two days (or to put another way- 5 a day. erm... yeah). I think this is a good development really, not just because cryptographic tokens can be about so much more than just currency (a technology utterly preggers with potential in all sorts of directions), but also because the alt-coins market has drawn a lot of that speculative energy off bitcoin so that for the month before this Gox debacle and Russias declared intention to "Crush with Force!", the bitcoin price has been eerily stable. It's as if the altcoins are like some sort of suspension system or summik.

I'm tempted to talk about the other cryptio's, but it's such a vast hodge-podge of who-knows-what I daren't speak about them lest I accidentally influence someone into losing their shirt. Or some buttons. Once the whole crypto thing stopped being just a fascinating concept and started being actual money in practice I realised that not being a financial advisor I should learn to shutup about it and take a sort of vow of silence. I've been a lot less of a bitcoin bore since then actually, generally speaking anyway.

But have to say it is interesting to see that Bitcoin is now the defacto reserve currency in which all other cryptos are traded, effectively the altcoin plethora is just another market exerting demand pressure on bitcoin.
Click to expand...

I'd guess that many of the more speculative/gambler types are putting their bets on one altcoin or another, hoping to get into it where bitcoin was a few years back. This pulls off a lot of the speculative money from bitcoin, which I'm assuming is still the only crypto-coin that's actually accepted in payment for something somewhere. Would certainly make bitcoin price more stable.
 
Who are these one-post robot wonders and why are they trying to pump bitcoin like a coterie of flim-flam merchants just off the coach from 2011? :confused:
 
camouflage said:
Who are these one-post robot wonders and why are they trying to pump bitcoin like a coterie of flim-flam merchants just arrived on the late coach from 2011? :confused:
Click to expand...

There's nowt wrong with flim-flam merchants from 2011 mate :mad:

If anyone needs flim, or indeed flam, come and see me. I'm your man. And yes I'm still around, and no, the flim and flam are not out of date.
 
Yetman said:
There's nowt wrong with flim-flam merchants from 2011 mate :mad:

If anyone needs flim, or indeed flam, come and see me. I'm your man. And yes I'm still around, and no, the flim and flam are not out of date.
Click to expand...

*from out of nowhere*

when you thinking about it, price of flims and flams is rising bigger every days, maybe should buying it.
 
You must log in or register to reply here.

Similar threads

Protag
Israel-Iran conflicts - news and discussion
6 7 8 9 10
Replies
277
Views
15K
krtek a houby
krtek a houby
PR1Berske
Hamas/Israel conflict: news and discussion
518 519 520 521 522
Replies
16K
Views
676K
mojo pixy
mojo pixy
WhyLikeThis
Mpox - news and discussion
9 10 11 12 13
Replies
387
Views
22K
Cerv
C
emanymton
Good news! Silvio Berlusconi dead
Replies
16
Views
1K
gentlegreen
gentlegreen
Yuwipi Woman
The Good News Thread
Replies
5
Views
891
platinumsage
platinumsage
Back
Top Bottom