|
FCKGW posted:When's the next bitcoin conference anyways? Every day, when Bruce gets to the promised land of Pattaya.
|
| # ? May 27, 2012 01:35 |
|
|
|
| # ? May 25, 2013 17:52 |
|
|
gnarlyhotep posted:What you said is clever but I know you're trying to trick me. They don't have to ask the nanny state for help when they have the BITCOIN POLICE! Wow... I stand corrected. So what are the odds that the brave members of the BITCOIN POLICE don't actually know each other's identities and only communicate through untraceable encrypted email forwarders?
|
| # ? May 27, 2012 01:43 |
|
|
IRQ posted:What he said is dumb but do you really think any police department in the world is going to care that someone stole your WoW gold? I really have no idea. I do know that intellectual property theft and theft of trade secrets are both actual crimes, and bitcoins may or may not fall under either of those things. Seriously, read the definition of trade secret in the link, it seems like it would fit pretty well. The point is, I don't know, and I'm gonna go ahead and say neither does anyone else in this crack team of GBS pretend internet lawyers. Ashenai fucked around with this message at May 27, 2012 around 01:51 |
| # ? May 27, 2012 01:49 |
|
|
FCKGW posted:This was always my favorite video What was the URL of the one that had his "confession" about being a pedophile, I thought that one was pretty funny too.
|
| # ? May 27, 2012 02:06 |
|
|
7thBatallion posted:So what you're saying is that at the moment it is completely legal to steal buttcoins from people? I imagine it occupies the same level of legality as stealing gold in World of Warcraft.
|
| # ? May 27, 2012 02:11 |
|
|
Where the hell is Bruce these days anyway? After he got run out of Bitcoinville due to the uncovering of his scam business, he latched onto Occupy for a bit.
|
| # ? May 27, 2012 02:15 |
|
|
Ashenai posted:I really have no idea. I do know that intellectual property theft and theft of trade secrets are both actual crimes, and bitcoins may or may not fall under either of those things. Seriously, read the definition of trade secret in the link, it seems like it would fit pretty well. Not at all, you missed the key element that it be privy to a confidential relationship. A commercial transaction is pretty much the opposite of that even though all buttcoins are used for is buying drugs and laundering money. Also you have no idea what a trade secret is.
|
| # ? May 27, 2012 02:16 |
|
|
I think BitCoins are pretty awesome. I think it's truly amazing how we have so many people wasting resources to produce something that has value only because it wasted those resources. It has no weight. It has no presence. Unlike any other computer program, it has no actual value - it isn't a product that does a job, or a luxury good that provides entertainment. The cost isn't a means to an end, like with actual mining for precious metals. The waste is the entire point. That's what gives it value. When I picture a world created by BitCoins, I picture computers of impossible scale and complexity that devote all of their processing power to BitCoin mining and storing - and nothing else. I picture vast, sky-piercing Computing Towers that belch heat and smog into the atmosphere. I picture a society dedicated completely to building bigger and bigger towers, first because of greed, then because of ritual and tradition, even as the original use and purpose of computers slips from living memory.
|
| # ? May 27, 2012 02:19 |
|
|
Blurry Gray Thing posted:When I picture a world created by BitCoins, I picture computers of impossible scale and complexity that devote all of their processing power to BitCoin mining and storing - and nothing else. I picture vast, sky-piercing Computing Towers that belch heat and smog into the atmosphere. I picture a society dedicated completely to building bigger and bigger towers, first because of greed, then because of ritual and tradition, even as the original use and purpose of computers slips from living memory. 
|
| # ? May 27, 2012 02:29 |
|
|
Just imagine. It is the distant future. The generation of new BitCoins has become increasingly difficult. The algorithms that produce them has changed with the times - but the basic process remains the same: Processing power + Time = More BitCoins. The more BitCoins there are, the more the next one takes. Human society continues to expand, colonizing entire planets and creating new computer-sprawls on their surface, but BitCoin generation has still slowed to a crawl. To solve this problem, humanity builds its first Dyson Sphere. We convert the Sun into a Matrioshka brain - a structure of fantastic scale and near-unimaginable computing power. Its single purpose is to mine for BitCoins. Blurry Gray Thing fucked around with this message at May 27, 2012 around 04:05 |
| # ? May 27, 2012 02:35 |
|
|
Oh hey, I guess now we know what AM was so upset about.
|
| # ? May 27, 2012 02:37 |
|
|
SynthOrange posted:Where the hell is Bruce these days anyway? After he got run out of Bitcoinville due to the uncovering of his scam business, he latched onto Occupy for a bit. Yeah, he just kinda latched onto Occupy then faded into obscurity. Looks like he wound down to about one of his various shows a month and his last bitcoin show was actually at the end of February this year. http://onlyonetv.com/category/shows/ He even stopped posting on Twitter in April and he was pretty regular with that. FCKGW fucked around with this message at May 27, 2012 around 02:41 |
| # ? May 27, 2012 02:38 |
|
|
What will we do when the final bitcoin is mined...?
|
| # ? May 27, 2012 02:39 |
|
|
 This kind of sums it up Millstone fucked around with this message at May 27, 2012 around 02:46 |
| # ? May 27, 2012 02:40 |
|
|
ThaGrandCow posted:In order for it to be a theft, it would have to legally be declared a currency. If it's declared a currency then it's subject to all sorts of wonderful laws and regulations that would basically destroy it. People have been prosecuted for stealing virtual furniture from Habbo Hotel in the past. People have also been prosecuted for stealing databases. So it's not necessary to define Bitcoin as a currency or a commodity in order for its theft to be recognised (recovering anything is another issue entirely). The "silent" partner in Bitcoinica appears to be CoinLab - who secured $500,000 in VC for Bitcoin projects the same day that the Intersango guys assumed control of Bitcoinica. quote:The startup, co-founded by Seattle entrepreneurs Peter Vessenes and Mike Koss, is starting with a plan to use the Bitcoin system to help video-game companies make money from people who play free games, without requiring game companies to deal in Bitcoin directly. http://www.geekwire.com/2012/bitcoi...monetize-games/ http://coinlab.com/pdfs/press-relea...per-dollars.pdf http://www.geekwire.com/2011/coinla...reated-seattle/ Tihan Seale admitted in a post a couple of days ago that a group of investors with whom he's aligned has a silent stake in Bitcoinica and that they are the ones who brought Bitcoin Consultancy onboard.
|
| # ? May 27, 2012 02:43 |
|
|
Nessus posted:What will we do when the final bitcoin is mined...? It never will be, the difficulty goes up exponentially. Bitcoin mining profitability dropped below electricity rates sometime back in September so the only people still mining for profit are people who get free electicity or large operations who can make use of discounted utility rates. 
|
| # ? May 27, 2012 02:44 |
|
|
Millstone posted:
Requescat In Pace
|
| # ? May 27, 2012 02:47 |
|
|
redmercer posted:I hope the next Obsidian-made Fallout game has a Bitcap mining rig somewhere in it, preferably in with a crowd of brain-damaged ghouls A vault with two residents. An impossibly fat man semi mobile on a motorized rig confined to one room full of old computers called the Captain and a gangly little ghoul that lives in the food storage area. The Captain gives the player a hand written note containing a 40 digit integer that you give to the ghoul for a can of beef jerky and a Nuka-Cola.
|
| # ? May 27, 2012 02:57 |
|
|
SynthOrange posted:After he got run out of Bitcoinville due to the uncovering of his scam business I'm still so ridiculously proud of that. I know it is so inconsequential and someone else would have eventually found it but it might be the biggest gift I will ever give to Internet humor. I tried to explain it to my best friend once and even I got bored half way through telling her but I hope I made the world a little brighter for some people on the Internet. I need to find a way to have it incorporated into my obituary,. Three Olives, managed to keep some of his plants alive, his dog only had to remind him some of the time to feed and water him and took down the public face of a rediculious Internet currency that no one has ever heard of. Three Olives fucked around with this message at May 27, 2012 around 03:03 |
| # ? May 27, 2012 03:00 |
|
|
Three Olives posted:I'm still so ridiculously proud of that. I know it is so inconsequential and someone else would have eventual found it but it might be the biggest gift I will ever give to Internet humor. If it make you feel better the Buttcoin story shows up #3 for the phrase "Bruce Wagner" on Google. It's gonna chase him around for a while.
|
| # ? May 27, 2012 03:02 |
|
|
FCKGW posted:Yeah, he just kinda latched onto Occupy then faded into obscurity. Looks like he wound down to about one of his various shows a month and his last bitcoin show was actually at the end of February this year. At least he didn't dye his hair blue. http://threatpost.com/en_us/blogs/a...l-street-102111
|
| # ? May 27, 2012 03:05 |
|
|
Three Olives posted:I'm still so ridiculously proud of that. I know it is so inconsequential and someone else would have eventually found it but it might be the biggest gift I will ever give to Internet humor. I tried to explain it to my best friend once and even I got bored half way through telling her but I hope I made the world a little brighter for some people on the Internet. I'm sorry, but in the future you won't have enough bitcoin to pay the virtual newspaper (USA Today, by the way) for space for an obituary when you die. Maybe you should have invested sooner.
|
| # ? May 27, 2012 03:05 |
|
|
Nessus posted:I don't think that's ironic, I imagine it's seen as a feature. Early adopters got lots of 'money' easily and without difficulty and are now the ones with the lion's share; new arrivals provide largely a secondary market. There were a number of Bitcoin "forks" that attempted to do this quite blatantly. (Essentially, someone would take the Bitcoin source code, do a global replace of a few things, and then launch SteveCoin or whatever they want to call it.) I remember there was one where the guy rigged it to first give himself 51% of all the coins that could ever be made, and then released the client so the public could mine the rest. And then, when the new currency went up up UP, he'd own half the money in the world! Unsurprisingly, all these little spinoffs went precisely nowhere even faster than the original Bitcoin. Good Citizen posted:I couldn't find the picture of the time we caused Bruce's phone to vibrate off his chair, though. Truly our greatest moment. 
|
| # ? May 27, 2012 03:11 |
|
|
FCKGW posted:If it make you feel better the Buttcoin story shows up #3 for the phrase "Bruce Wagner" on Google. People seem much more interested in stories like how I ended up drinking with Spud Webb, telling him he has a stupid loving name no knowing who he was, and being allowed to continue to drink with him without getting the poo poo kicked out of me. That makes me sad.
|
| # ? May 27, 2012 03:16 |
|
|
Nessus posted:What will we do when the final bitcoin is mined...? We shall look up upon a dark, starless sky, and scream. Because all the stars'll be BitCoin Mining Rigs by then.
|
| # ? May 27, 2012 03:22 |
|
|
What the gently caress is wrong with these assholes? If you're going to be crunching ten jiggaflaps per second or whatever you should use it to heat your house or something, instead of getting brain damage and making rancid "berries." You know how you can buy compute time for fancy science computers? Is there a way to sell it? At least that way something of value could be made.
|
| # ? May 27, 2012 03:38 |
|
|
check out the intro to THE BRUCE WAGNER SHOW, starring BRUCE WAGNER, hip cosmopolitan NYC star extraordinaire http://onlyonetv.com/2011/12/the-br...lechter-author/ Millstone fucked around with this message at May 27, 2012 around 03:42 |
| # ? May 27, 2012 03:38 |
|
|
Like Three Olives says it's impossible to explain it all to anyone. The teenaged future captains of industry, the pedophile mortgage scamming prostitute, the gift card business that collapsed on trying to fill a single order. That goddamn mobile phone on the chair arm. None of it together sounds that great, but together it combines to be the greatest thread I have ever read on the internet.
|
| # ? May 27, 2012 03:42 |
|
|
Senor Tron posted:the gift card business that collapsed on trying to fill a single order What? Tell me about this, this sounds awesome.
|
| # ? May 27, 2012 03:47 |
|
|
I think that the kid who was running it couldn't get his girlfriend to buy the $20 gift card for him?
|
| # ? May 27, 2012 04:01 |
|
|
Anticheese posted:I think that the kid who was running it couldn't get his girlfriend to buy the $20 gift card for him? Wasn't that logansryche, he of the Hub Theatre project fame? https://bitcointalk.org/index.php?topic=44939.0 https://bitcointalk.org/index.php?topic=49734.0 He couldn't honour a deal for a single gift card but wanted people to donate $350,000 so he could recondition a theatre. His list of "essentials" was hilarious, as was his plan to show bootleg DVDs on a home projector.
|
| # ? May 27, 2012 04:07 |
|
|
Anticheese posted:I think that the kid who was running it couldn't get his girlfriend to buy the $20 gift card for him? Oh that was no kid, at least not in age! It was the fabled logansryche! He who once dreamed of opening his own theatre in the downtown of his beloved home, a theater that would serve all soft drinks to all walks of life, and that would not bow to the crass realities of life! drat, beaten
|
| # ? May 27, 2012 04:09 |
|
|
Senor Tron posted:Like Three Olives says it's impossible to explain it all to anyone. The teenaged future captains of industry, the pedophile mortgage scamming prostitute, the gift card business that collapsed on trying to fill a single order. That goddamn mobile phone on the chair arm. None of it together sounds that great, but together it combines to be the greatest thread I have ever read on the internet. For me it's a tie between the brain damage from the bitcoin farm overheating story or thinking that selling CPU fan dried berries from a nerd lair is a sound business plan.
|
| # ? May 27, 2012 04:12 |
|
|
I'm 90% sure the gift card thing was a Logansryche operation. The short version of the story: Logan decided he wanted in on all these Bitcoin riches that he imagined everyone around him to be making, so (as one of his many failed ventures) he opened a webstore that sold giftcards for Bitcoins. In theory. The website was hilariously awful, to the point that he left most of the page headers saying things like "Company Name Goes Here." And the gift cards were sold for face value, plus a small service fee. So it was just like buying one at the local store, except more expensive and slower. Someone from the Bitcoin forums took pity on him and sent him the bitcoins to order a card. At this point it was revealed that Logan didn't actually keep any stock, he had to go out to HIS local store and buy it before he could mail it out. But it turns out Logan didn't have the cash on hand to do that either, and his girlfriend wouldn't loan him any more money. So he had to sell the bitcoins that he was paid for the order. This took days, and I'm pretty sure that between MtG:OX service fees and plummeting bitcoin prices, when he finally got it turned into real money, it wasn't enough to buy the gift card. I don't think the attempted buyer ever got his gift card or his bitcoins back. Oh, and for reference, Logansryche isn't a kid, he's a grown-rear end man.
|
| # ? May 27, 2012 04:16 |
|
|
FCKGW posted:It never will be, the difficulty goes up exponentially. Yes it will, there is a set (decreasing) schedule of production and difficulty is adjusted up or down depending on the size of the mining swarm to ensure that coins are produced at the correct rate. As soon as 21,000,000 bitcoins exist, mining will cease. quote:Bitcoin mining profitability dropped below electricity rates sometime back in September so the only people still mining for profit are people who get free electicity or large operations who can make use of discounted utility rates. Difficulty goes up and down and at a glance it looks like the real cost of mining has become a limiting factor such that it continues to remain very slightly profitable to mine under current circumstances. I did my mining stint right at the end of the bubble and made a few hundred dollars in a few weeks, which is clearly not possible right now. I shudder to think what the coins I mined have been used for since; hopefully just drug transactions.
|
| # ? May 27, 2012 04:23 |
|
|
A memorable quote from the logansryche gift card thread. By this point, logansryche had already been offered an interest-free loan so he could refund his client.quote:It's great how a furry can wander on a board full of hardcore minarchists, trolls, self-righteous blowhards who don't understand the difference between "profit" and "revenue", and people who white knight Bruce - oh, and Atlas - and still manage to be the most despicable, sleazy, two-faced, dishonest, and downright stupid person (or kitsune-gryphon, whatever) on the board. https://bitcointalk.org/index.php?t...37785#msg537785
|
| # ? May 27, 2012 04:28 |
|
|
Lolie posted:Wasn't that logansryche, he of the Hub Theatre project fame? I actually saved Logansryche's entire theater-begging website for the benefit of future Internet Archaeologists. Here you go, enjoy the HTML skills and the business savvy: http://filesmelt.com/dl/Theater.zip
|
| # ? May 27, 2012 04:29 |
|
|
Between Atlas and Logansryche, I've never seen such poor scheming in my entire life. I mean, these guys were loving awful. The plan to secretly hide running bitcoin mining operations on other's computers. The Wulong Device. Does anyone still have the plans for Atlas' Wulong Device? So stupid. Buying the rights to use Disney's Tailspin. Making just stupid bets and then welshing on them openly before disappearing, and then reappearing with dead giveaway Ayn Rand related names. Making interest free microloans (using a totally untraceable currency platform). Running an explicit bitcoin ponzi scheme. I know I'm missing some, but the list just goes on and on.
|
| # ? May 27, 2012 04:30 |
|
|
President Kucinich posted:The Wulong Device. Does anyone still have the plans for Atlas' Wulong Device? So stupid. I use a tame black hole for a filing system. Behold Atlas's brainchild: 
|
| # ? May 27, 2012 04:37 |
|
|
|
| # ? May 25, 2013 17:52 |
|
|
President Kucinich posted:
Let me split hairs here and point out that Logansryche wasn't tryin to BUY the rights to Tailspin. He had an e-petition requesting that they GIVE him the rights, on the grounds that he would put the franchise to good use. Just like he wanted people to give him a few grand to buy a car, and $350,000.00 to renovate a cinema.
|
| # ? May 27, 2012 04:45 |
|
