...! posted:

Why MTGOX Exploding Is Good News (self.Bitcoin)

submitted 2 hours ago by skilliard4

Mtgox has always caused trouble with Bitcoin. This event should completely kill them off, and they can no longer cause harm to Bitcoin. Many crashes in the past have been due to issues with their infrastructure. Now we have one more problem out of the way, and people will go to more reliable exchanges. It sucks for the people with Bitcoins in there, but for everyone else it marks a monumental date.

I'm expecting us to get back to $800/BTC tonight.

quote:

BongBong • 4 hours ago
See "The Wolf of Wall Street" first. Why turn your Bitcoin over to salesmen? Crazy.
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John Law Mod BongBong • an hour ago
Great movie this..
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BongBong John Law • an hour ago −
Yes. Very illuminating and confirmed my long-held beliefs that one should be cautious about EVER relinquishing control of one's finances. I'm even considering getting rid of my accountant.

Linguica posted:

why does the price history graph on bitstamp go below $0

Shifty Pony posted:

cold wallet is a bit of a misnomer really. all it really means is that the private key isn't kept in an online form but instead printed out and stored somewhere.

you are able to look up and see how much is in any "cold wallet" by looking at the blockchain (because the blockchain is just a glorified bloated transaction ledger) but unless you know a weakness in the elliptic curve crypto that is used in the public-private key system of bitcoin that is all you can do unless you have physical access to the offline private key.

just cold wallet sounds more cyberpunk than "offline backup".

ryde posted:

I had a coworker who was playing around with Doge, and claims that he generated an address that was already in use. It had about $4k in doge in it. We assumed (well assuming he wasnt making it up) that this was an issue with the RNG, but they're using Open SSL libraries for that.

ryde posted:

Yes.

madeupfred posted:

How to flip a coin, as described by a Bitcoiner

killhamster posted:

oh hahahaha that guy's mad now

im-a-fat-loser [-1] 2 points 2 minutes ago

I might not be able to pay my rent this month, how is that funny? Delete this now or else.

Werthog 95 posted:

first

killhamster posted:

i sincerely hope he chases me across rooftops and trains

FCKGW posted:

TVarmy posted:

woah what just happened?


turns out a clone of a shut down drug market that's already semi-busted wasn't a safe place to keep your butts.

also, he's advocating violence against the hacker.

FrozenVent posted:

swsp should take note

motedek posted:

supposedly malleability-related theft
http://www.deepdotweb.com/2014/02/13/silk-road-2-hacked-bitcoins-stolen-unknown-amount/

quote:

The author’s mistake is thinking that it is a fellow freedom fighter and not the state that is engaged in the malicious activity.

TVarmy posted:

Well, if I only followed that tip with Pets.com stock, I'd probably have enough shares to own the sockpuppet.

Robawesome posted:

BitCoin Financial Services? (self.Bitcoin)

submitted 3 minutes ago by merridewtech

Do you think the BitCoin economy would benefit from a financial institution that had a debit card like system?

Like a bank, a website/client that would have your wallet, and then a debit card that can send transactions with a pin number.

And maybe even better if the website could auto exchange (if you want) BTC for USD when the merchant prefers it, or does not accept BTC.

Are there any other services you wish you could get from BTC that you don't? Multiple different coin types in a single wallet?

I'd envision this as a free service myself.

Konjuro posted:

It's hovering around 420 now

OBAMA BIN LIFTIN posted:

suddenly, thousands of internet libertarians learn the value of regulation

Crust First posted:

there's no scenario i can imagine where things go well for bitcoiners.

transfatphobic posted:

I bought in at $990 (because I thought the price would go back up to $1000+)


YOU loving WHAT

My Linux Rig posted:

it'll be back just watch

Robawesome posted:

Grateful Mom - Bitcoin changed my son's life for the better (self.Bitcoin)

submitted 13 minutes ago by katiedog

As a mom who saw her son wasting away his life on the couch playing video games, I was very grateful when my son discovered bitcoin. My son has learned the fundamentals of finance, computer security, digital mining and cryptography.

He is now employed and very successful. I believe the interest in bitcoin is what turned it all around for him.

The economy makes it very hard for young men just starting out. I believe bitcoin is one of the most successful social program to get young men to work. No government has ever created a program that trained as many young men as the bitcoin phenomenon. Young men becoming mining or coding means they are not out getting into trouble.

This mom is very grateful. Thank you bitcoin for turning my son into a man.

surebet posted:

speaking of dogecoin...

http://www.reddit.com/r/dogecoin/comments/1y586q/attention_dogecoin_has_allegedly_forked_stop/

ATTENTION: DOGECOIN has allegedly FORKED ! [STOP MINING & TRANSACTIONS] (self.dogecoin)
submitted 1 hour ago* by Liquweeddigging shibe
Dogehouse and #Dogecoin IRC confirm that the DOGECHAIN is forked!
Therefore ALL Transactions and mining operations should be SUSPENDED until the network is on the right FORK!
Transactions at the moment may result in PERMANENT LOSS OF YOUR COINS!

Jonny 290 posted:

they tried but there really wasn't any interest

BeOSPOS posted:

I'm curious how the exchange rate is "calculated" since it's not tied to up-to-the-second rates. and don't forget the ~7% convenience fee applied.

selling shovels etc.

Notorious QIG posted:

i havent been paying attention whats happening

BeOSPOS posted:

here's the masked mtgox protester for whoever wanted it for an AV. gotta shrink it down first

Happy Noodle Boy posted:

A Pinball Wizard posted:

how would that even work

like you send a coin to the chain to make a law? you send a coin to convict someone? I am truly baffled

BeOSPOS posted:

bitcoiner1: see, the 2 in mtgox2 means it's twice as good and twice as secure!

bitcoiner2: I don't know if I trust them just yet. I'm only going to put 5000 bitcoins into it...

bitcoiner3: See, this is a GOOD thing, because...

bitcoiner4: first they laugh at you, then they...

BeOSPOS posted:

* newscaster buys $21 USD of bitcoin, uses it at a local sushi place, then realizes it's now only worth $19.28 a few minutes later LOL

ol qwerty bastard posted:

http://arstechnica.com/tech-policy/2014/02/harvard-supercomputing-cluster-hijacked-to-produce-alt-cryptocurrency/

lawl

this is the cyberpunk future we deserve

...! posted:

[–]HypnoticGuy[S] 1 point 2 hours ago

I had asked her about this when we were discussing the idea actually, and her feeling was that as long as the phone isn't being used for taking photos it shouldn't be a problem.