Edminster posted:

Bitcoin Based Fluid Dispenser

Muscle Tracer posted:

there's a reason every last idiot on /b/itcoin is still in the "get rich quick" mania

it's because none of them got rich

FCKGW posted:

lmao if you think that if you bought Bitcoins in the >$10 you wouldn't have sold them all during the first $32 bubble

"oh yeah if I bought Bitcoins at $1 I totally would have called the $1000 peak 2 years, 2 bubbles and months of 0 volume later.

FrozenVent posted:

bitcoin is just dumb

theflyingexecutive posted:

it's just an attractive investment vehicle because there are no apparent barriers to entry. the only similar vehicle is actual gambling

theflyingexecutive posted:

it's regulated sure, but no one can stop you from betting $1-$n whenever you want, they can only collect it from your tax return

quote:

Let the Bit Drop: Coinapult sets to Transform a Caribbean Island into Bitcoin Test Ground
by Bogdan Ulm @ 2014-08-15 01:24 PM

A small Caribbean island, which has yet to be named, will soon become the largest Bitcoin community in the world. Each person in that country who has SMS texting capability, will soon receive a small quantity of Bitcoin. This will make the country the densest population of Bitcoin owners in the world. Many of these people are currently unbanked.
Introducing the "Let the Bit Drop" party for Bitcoin aficionados

This ambitious plan is part of "Let The Bit Drop," a grand experiment set up by Coinapult and Aspen Assurance. In addition to giving every person in the country some Bitcoin currency, they are also throwing a huge island party for all of these new Bitcoiners. The organizers are currently seeking sponsors. The event is planned for sometime in late 2014, or the early part of 2015.

Organizers say that tens of thousands of people who live on the island will be part of the new Bitcoin community. They plan a party to celebrate in true island style, with tropical drinks, fire dancers, and musical guests who support Bitcoin. There will be free giveaways during the party, as well as booths that provide information on how Bitcoin works, and how to use the digital wallets they just received.

Though the specific Caribbean nation has not yet been disclosed, the organizers say that the island's government is fully behind the plan. They also plan to use government channels to help distribute educational materials about Bitcoin before the party. Local businesses will be encouraged to begin accepting Bitcoin, and they even plan to set up Bitcoin ATMs on the island. One of the big questions for the experiment, according to the CEO of Coinapult, Ira Miller, is whether people will begin spending Bitcoin at local businesses, or using it to send money to each other. Miller stated:

“So one of the things we are curious about is how they are going to use it: will they start sending each other money, or spending it on local businesses?”

- Ira Miller, CEO of Coinapult
Coinapult and its unique SMS Bitcoin wallet

One of the most significant benefits of Bitcoin is that it could provide bank type services to the “unbanked” i.e. people who currently do not have accounts with any banks or financial institutions. There are billions of people in the world who are presently unbanked.

Coinapult is the company which has created the first SMS Bitcoin wallet. They say that this is a necessary step in making Bitcoin work for the unbanked people in the world, especially those that have no internet access. Miller said that other Bitcoin wallets let users send money to a cell phone, but when the recipient gets it, it opens a web browser. For people with no internet access, this is unusable, which is where the SMS approach will be useful.

Until now, Bitcoin has been primarily an internet-based technology. The people who use it are heavy internet users, and most developments have been focused on shopping outlets that enable people to buy electronics or other goods online using bitcoins. Miller adds:

“There are a lot of Bitcoin wallets where you can send money to cell phones, and when they open it up, it goes to a web browser, but if they don’t have internet access, how could they use it? There are a few others that now offer the SMS approach.” [...] Up to the present day, Bitcoin has been mostly internet technology, so you have to have access to the internet — and not only in a computer lab once a week in your village. You have to most likely use it every day and really be deeply into the internet.”

Miller said that the real advantages of bitcoins have been overlooked. His company seeks to make Bitcoin tools more accessible to a broader audience, bringing the advantages of saving, accessing, and transferring funds to people who are currently unbanked. He said that they want to reach out to the community of people who have the greatest need for what Bitcoin offers, and "Let The Bit Drop" is a big step in that direction.

quote:

tsontar 7 points 4 hours ago

As long as that sovereign nation lets Americans stay there semipermanently without excess friction then I'm all ears and smiles.

1. Buy Bitcoin cheaply

2. Move to Bitlandia

3. Live off Bitcoin tax fre

quote:

Perhaps appropriately, given the currency's capricious exchange rate, Mr James's other customer spent his Bitcoin on lottery tickets.

"We were hoping they would be winners... but we don't think they were," he says ruefully.

stoutfish posted:

a community of internet weridoes dreaming up a collective sovereign nation?

i'll make the cyborg bitcoin dildoes

MALE SHOEGAZE posted:

what is th e current status of bitcoin

MALE SHOEGAZE posted:

what is th e current status of bitcoin

http://www.amazon.com/dp/B00MR9G376 posted:

Publication Date: August 14, 2014 | Age Level: 10 - 18
This is my exclusive book about my experiences involving the cryptocurrency (bitcoin) business.

Turns out it was challenging to even fully comprehend how bitcoin works, or how to even set up a mining rig.

There were no unified guides to learn about bitcoin from multiple perspectives, so I decided to step up to the plate.

Parts from written assignments, others from experience - both misery and joy.
It's all what you make of it. Emulate my success, learn from my mistakes.
Seize new opportunities.

I've condensed all the research for you covering all angles of bitcoin and other cryptocurrencies so you can get involved and start generating income today.

Find out how a student multiplied investments and paid for college through the use of cryptocurrencies.

This book covers:

- Basics of how to use bitcoin
- How I got started
- Dogecoin
- Mining Contracts
- Outsourcing research
- Setting up a mining rig
- Which coin to choose
- Trading cryptocurrencies
- Insider trading groups
- Starting your own business utilizing bitcoin
- My very own mistakes and lessons

FMguru posted:

isnt the oreilly bitcoin book by anton poopoopoop supposed to be out soon?

quote:

The five stages of bitcoin:

1) Mining (denial)

2) Gambling / Day Trading (anger)

3) Arbitrage (bargaining)

4) Altcoins (depression)

5) Hodling (acceptance)

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[–]googlemaster1 14 points 4 hours ago

Oh mygod. This guy gets it. Here's a gold star /u/changetip

[–]changetip 3 points 4 hours ago

The Bitcoin tip for a gold star (0.979 mBTC/$0.50) has been collected by blackmarble.

Dixie Cretin Seaman posted:

continue to describe your genitals using internet-libertarian terminology

trucutru posted:

Owlofcreamcheese posted:

Is this grown man 6 years old?

http://youtu.be/54Qgo5IbCtA

LastInLine posted:

im p. sure hes mentally handicapped

like i dont mean that in a derogatory sense i think hes irl actual brain damaged

Pardot posted:

oh :/