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pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib
This really could lead to a revolution if only 99.5% of the people in the world wouldn't immediately say "oh so I can't pay my mortgage with this? gently caress you."

Thanks for the headsup and to know to avoid anyone who deals in BitCoins, though, I guess.

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pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib
Guys it pretty much has to be a copy paste from a crazy forum. I wouldn't take it too seriously.

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib

ChubbyEmoBabe posted:

That's the sad thing about you and most others. You don't *get* that you are taking part in a bubble that will crash and burn spectacularly. I admire people who take advantage of the bubble and get while the getting is good, but find people seriously using the words "invest" and "bullish" pitiful.

Now Liberty Dollars, those are a real investmen...

http://www.fbi.gov/charlotte/press-releases/2011/defendant-convicted-of-minting-his-own-currency

Dude's name is almost "Bernie von NutHouse"

That's awesome.

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib

Arkane posted:

Can you short sell the market? Is there a comprehensive post that discussing trading?

Considering the Senate is going to start tracking miners next week and collecting data, the only good move at this point is to sell. There are talks on the hill now of using RICO laws to prosecute anyone who has mined bitcoins as part of a criminal syndicate tied to silk road.

I would honestly just sell all your bitcoins right now before the tracking mechanisms go into place next week. If lulzsec could find out what they found out, the government's not going to have much of a problem.

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib
So Tradehill is now the big thing right? I'm putting the time of first hack at..... 1 hour from now. Who wants the over and the under?

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib

Noreaus posted:

So am I correct in thinking that the bubble is now well and truly collapsing?

Already collapsed, this is the 'laughing at the idiots' phase of highly-speculative bullshit.

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib

ManlyWeevil posted:

Fastest way to get banned apparently, ask about trading Magic cards :<

Or calling their sponsors pedophiles apparently. Oops!

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib
How do I get unbanned, I blew my load on an unfunny MTG joke, wanna get banned on something better.

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib

demonachizer posted:

Use a different IP address.

gently caress, I gotta get into my command prompt.... forget dat.

Hahaha, this guy made 5million dollars on an unregulated market and now he wants it back since it got regulated - oh well, I guess!

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib

The Bible posted:

Not your local IP, you'd need to change your internet facing IP, or use a proxy.

Yeah still too low an ROI for me

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib
Are they interviewing Chrstopher Guest? Who is that guy?

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib
Hahaha your password should look like a bitcoin address! Of course, we're going to store it in platintext so whatevs.

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib
And the show's over. Wasn't there supposed to be some sort of amazing development or something? All I saw was three dudes masturbating or something.

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib

theflyingorc posted:

The guy on the feed benefitted from a cheap trade.

Summary:

MTGOX only allows you to move $1000 a day or $10000 a month. The person who hacked them attempted to sell a very large number of bitcoins from his stolen accounts to other MTGOX users for the lowest possible value - $0.01.

This would crash the economy on MTGOX for bitcoins, hopefully down to $0.01 (hopefully from the hacker's perspective, at least). Then, he could easily transfer his remaining bitcoins into his own wallet, as $1000 would then be 100,000 bitcoins. Then, when the market recovered, he could make a LOT of money.

This guy saw the cheap bitcoins for sale, and he bought a LOT of them. He bought stolen goods and he's trying to argue that he should get to keep them and he doesn't have a reason why but he REALLY wants them.

So wait can't he just transfer them to his wallet and then sell them someplace like TradeHill or one of the secret kiddieporn collectives or something? Or are his buttcoins still in Mtgox?

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib

ClosedBSD posted:

Not just slim jims, but a currency backed completely by dried meat?

http://bitjerky.com/

I just went through this process just to see what flaws are in the system. When you buy something bitcoins, the merchant has to generate a brand new code that you then go into your wallet and copy paste?

That's just loving stupid.

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib
I see everyone's pumped about the rc helicopter so I won't rain on that parade, but just letting you know that the move into Australia under the notion that 'we don't need no stinkin' regulation' was indeed a bad bad bad move by tradehill. From my sources, I'd expect a swift response sometime this week. I'm hoping I can just keep this to this forum, though, I don't want any goon miners to get in trouble but don't really care about anyone else. Just my own personal advice from sources inside Australia is to get out pretty quickly, this'll be a huge blow that should cross overseas to the US. Just remember to keep this quiet, I wouldn't want this to get out and cause a run or anything.

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib
Wait a second, did I just see that the trading value is down to 11.10?

That's it for me, I'm cashing in now, I've got 6000 BTC to offload, it's been fun but it's time to let the old girl go.

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib

Pead posted:

Part 2 of the hilarity is going to come when people who panic sold their coins are unable to get the money out of MtGox as they close up shop and run.

That's why it's so important to sell immediately, if you don't sell immediately you could lose thousands of dollars. No dignity in staying on the sinking ship when there's no captain kids! Sell sell sell!

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib

Good Citizen posted:

Ha ha, that's awesome. Quick, someone trademark Buttcoin so they can't take that.

Word Mark BUTTCOIN
Goods and Services IC 036. US 100 101 102. G & S: No Not My Butt.
FIRST USE: 20110706.
FIRST USE IN COMMERCE: 20110706
Standard Characters Claimed
Mark Drawing Code (4) STANDARD CHARACTER MARK
Serial Number 85353890
Filing Date July 6, 2011
Current Filing Basis 1A
Original Filing Basis 1A
Owner (APPLICANT) Something Awful LLC
Attorney of Record Leonard J. Crabs, Esq.
Disclaimer NO CLAIM IS MADE TO THE EXCLUSIVE RIGHT TO USE "COIN OR BUTT" APART FROM THE MARK AS SHOWN AND IN CASE OF RECTAL EMERGENCY
Type of Mark BUTTMARK
Register PRINCIPAL
Live/Dead Indicator LIVE

pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib

I Might Be Adam posted:

The best part of this thread is when someone comes in asking for a brief summary of what's happened/explain bitcoin and I get enjoy all the different ways people can describe the stupid that is the history of libtard buttcoins.

Funny thing is that it's like gold. All these libertarians invest so heavily in it thinking it'll be worth something if the dollar collapses, but gently caress that - if the dollar collapses, two bars of gold might buy you a loaf of bread. Tools and ammunition will be much more valuable simply because they're an item you can use. Gold is mostly a placeholder that became a currency standard based on society getting more pleasant and people wanting nice / fancy things. A society where people hide from coyotes in gas station restrooms isn't going to have much use for gold except to brain each other.

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pathetic little tramp
Dec 12, 2005

by Hillary Clinton's assassins
Fallen Rib

Good Citizen posted:

apparently he really hates athiests that go to bars?


Hahaha, why do other guys pull more pussy than me? It must be because they're atheists! It surely doesn't have anything to do with the fact that I just sit in the corner and bitch about fiat currency to any woman with a chest.