Bitcoin discussion and news

[newbie]

I don't think I've ever read an article before where every single one of that many comments is in complete agreement! That's quite a feat, to unite an entire audience against the journalist, the editor and the magazine.

 

[ExtraRefined]

Smells to me, though I can't quite put my finger on why.

I thought it was pisstake at first. The purported conversation with the cops who knew the name and wealth of the creator of Bitcoin seems really implausible.

 

[camouflage]

Massive dramabomb armed

http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

Wow, this is unexpected enough to turn out to be true.

*raises a glass* Here's to the Anonymous Little Grey Man. They make excellent spies and assassins too.

 

[teqniq]

American CEO of bitcoin exchange firm dies in suspected suicide

A 28-year-old American CEO of a bitcoin exchange firm in Singapore was found dead in her apartment last week, and local media are calling it a suicide.

Singapore officials are waiting for toxicology test results to determine exactly what killed First Meta CEO Autumn Radtke.

Douglas Abrams, the company’s director and non-executive chairman told The Wall Street Journal on Thursday that he was “informed by the Singapore police about her death. The cause of death is still under investigation.”

Radtke moved to Singapore in 2012 and formerly worked in Los Angeles with Apple and other tech firms developing digital payment systems.

Her death brings the number of questionable financial-sector deaths this year to eight, the New York Post reported.

 

[ExtraRefined]

You know it's a proper currency when people start jumping out of windows

 

[camouflage]

American CEO of bitcoin exchange firm dies in suspected suicide

Raising an eyebrow or wondering if anything suspicious might be transpiring in regards to this string of unconnected financial-sector suicides would make you a ConSpiral00n.

 

[teqniq]

I was wondering whether, if it wasn't suicide if she had been bumped off by disgruntled Bitcoin drug dealer or similar who had been fleeced in the recent spate of Bitcoin exchange closures/frauds.

 

[Belushi]

This story gets weirder and weirder http://www.gizmodo.com.au/2014/03/t...ar-chase-happening-right-now-and-its-bonkers/

 

[ExtraRefined]

Regardless of whether this turns out to be true or not, this must rate as a strong entry for Master Trolle 2014 from Mr Nakamoto.

 

[Sunray]

It appears MtGox had some trading code running which artificially inflating the value of bitcoin by constantly buying a few bitcoins every couple of minutes.

Its hard to understand how 80% of the bit coin money went through this exchange for so long.

 

[joustmaster]

It appears MtGox had some trading code running which artificially inflating the value of bitcoin by constantly buying a few bitcoins every couple of minutes.

Its hard to understand how 80% of the bitcoin money went through this exchange for so long.

actually buying them, or a false buy of imaginary ones - just to add a purchase to the system?

the possibility of manipulated rates has been talked about on here a fair bit. unregulated free for all

 

[Sunray]

Here is the report, they have analysed the leaked trading logs.

http://willyreport.wordpress.com/20...and-how-it-has-affected-the-price-of-bitcoin/

Who knows if the logs are valid? I could bash some code together in a day to give some convincing looking data. Still it looks fairly damming if its all true.

 

[twentythreedom]

Ok so I have a Visa card and want to get some bitcoin. Total newb. Would like to use Silk Road or similar...

Advise me up please urbanz

 

[teqniq]

Ok so I have a Visa card and want to get some bitcoin. Total newb. Would like to use Silk Road or similar...

Advise me up please urbanz

There is a thread about Silk Road in the Drugs forum http://www.urban75.net/forums/threads/silk-road.314876/

and interestingly this article was published in the Graun yeasterday

Life after Silk Road: how the darknet drugs market is booming

 

[pinkychukkles]

Price has been creeping up again in the past week or so from the doldrums of £280-£300 to £380 at present... bull market?

 

[pinkychukkles]

Ok so I have a Visa card and want to get some bitcoin. Total newb. Would like to use Silk Road or similar...

Advise me up please urbanz

Dunno about the Silk Road but I've used Local Bitcoins to buy them, you will also need to have a Bitcoin wallet as well - plenty of info out there on t'interwebs, make sure you read read read so you know what you're doing.

 

[Spanky Longhorn]

Ok so I have a Visa card and want to get some bitcoin. Total newb. Would like to use Silk Road or similar...

Advise me up please urbanz

Hmm asking for help on this from the internet what could possibly go wrong?

 

[twentythreedom]

Hmm asking for help on this from the internet what could possibly go wrong?

I dunno, you tell me

 

[Spanky Longhorn]

Absolutely nothing.

 

[TodayIsCaturday]

Hmm asking for help on this from the internet what could possibly go wrong?

Yes, I'd advise a trip to your local library to look up the answer in the reference section. Alternatively I'm sure your bank manager would be happy to help.

 

[ExtraRefined]

Ok so I have a Visa card and want to get some bitcoin. Total newb. Would like to use Silk Road or similar...

Advise me up please urbanz

Step one - don't let the seller know what you want them for. If they're sensible they'll refuse to transact with you since they'd expose themselves to risk of prosecution otherwise.

 

[twentythreedom]

Step one - don't let the seller know what you want them for. If they're sensible they'll refuse to transact with you since they'd expose themselves to risk of prosecution otherwise.

Wtf? You must be taking the piss

 

[ExtraRefined]

Wtf? You must be taking the piss

Unfortunately not

 

[Idaho]

I wonder if it's ready for another mental couple of months. I have the same gut feeling as the last 2 times. Could just be trapped wind though.

 

[pinkychukkles]

Quick question - when I upgraded my laptop I installed Bitcoin and then copied the blockchain from where I'd backed it up to save downloading the whole darn thing again. Now I'd like to get the blockchain off of my laptop completely and reclaim the memory, so is it possible to move the blockchain to my NAS and have Bitcoin on my laptop point it there when I open it?

 

[Idaho]

Easier to install a light btc client. The blockchain is too big for ordinary punters to hold now.

 

[joustmaster]

Quick question - when I upgraded my laptop I installed Bitcoin and then copied the blockchain from where I'd backed it up to save downloading the whole darn thing again. Now I'd like to get the blockchain off of my laptop completely and reclaim the memory, so is it possible to move the blockchain to my NAS and have Bitcoin on my laptop point it there when I open it?

You can create a symbolic link.

 

[pinkychukkles]

Thanks for the suggestions.

 

[pinkychukkles]

You can create a symbolic link.

Tried that - didn't work. If I can be arsed, may have a look into it to see why but don't really have cause to keep wallets up to date atm so may just delete them entirely... until they get hyped up again or have more uses than simply buying illegal contraband via the internet .

 

[free spirit]

Being as bitcoins are now trading at 1/3 of the rate they peaked at towards the end of last year, and have been falling almost continuously since the summer, is it now safe to assume that as predicted, Bitcoin was just an investment bubble and that the bubble is deflating?

And if so, how low will it go, is there enough intrinsic demand for bitcoin to retain a significant level of value or will it just fall back to 2011 levels?