bitcoin: a sisyphean nightmare, forever trapped in an endless wall of sperg

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > bitcoin: a sisyphean nightmare, forever trapped in an endless wall of sperg

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Powershift: Nov 23, 2009

Robawesome posted:

Canadian Bitcoin Exchange CAVirtex Faces Class Action Lawsuit
http://bitcoinschannel.com/canadian-bitcoin-exchange-cavirtex-faces-class-action-lawsuit/

CAVirtex, Canada�s largest and oldest Bitcoin online exchange, is facing a potential class action lawsuit to the tune of $884,880 CAD. The alleged losses were incurred by the lawsuit-bringers after the company offered 10% of its shares for sale on the cryptocurrency-based asset exchange, Havelock Investments then stopped listing the stock by the end of 2013.

A total of 10,000 shares were sold on March 23, 2013 and continued to be traded until the end of 2013. At that time, CAVirtex announced that they would no longer be listing stock from Havelock and that they would offer to buy back their shares at an �adjusted exit price� of $30 CAD a share. At the time of the announcement, the stock was trading around $120 CAD a share.

Not only was the exit price unfair but the process for selling the shares was made complex, and many investors were left stock and as a result of this became permanent shareholders in CAVirtex. The class-action lawsuit against CAVirtex is based on the market cap at the time of the incident and takes into account the adjusted exit price offered. Those who feel they have been wronged by CAVirtex have until November 1st to submit a claim by contacting [email protected] with your name, phone number, number of shares you held, and any other relevant information. After November 1st, more details will be revealed; including, the name of the firm behind this.

This is the second time CaVirtex has been in the news this month. On October 6th, they disabled Bitcoin withdraws citing an increase in volume that lead their �hot wallet running dry.� The likelihood of CAVirtex�s actions being related to recent SEC actions increases as more news comes to light.

This is like druggies filing a class action suit against their dealer.

The company i bought unlicensed and unregulated securities from isn't following regulations :argh:

# ? Nov 4, 2014 05:11

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# ? Apr 16, 2024 23:37

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

bucketmouse posted:

already pictured the one-eyed cat; too late

is there anything like that 'don't loving buy bitcoin' writeup that someone made a few threads ago with the basics of why the protocol is unscalable etc. that's vaguely up to date

I've gotten the 'what's bitcoin' question a few times (thanks cryptolocker) and want to give a real professional answer on why it's hella dumb

the protocol itself hasn't changed so it should be fine

i think the guy that wrote it liked that it was dated before the mtgox collapse and wanted to leave it as an i told you so

# ? Nov 4, 2014 05:12

Alan Smithee: Jan 4, 2005; A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

Greyhawk posted:

Should we crowdfund the next Edward Snowden? (self.Bitcoin)
submitted 19 hours ago by 8nam

Rather than waiting until after someone has taken the scary step of coming forward, maybe we can entice insiders. For a prospective whistle-blower, knowing that one might be able to count on some form of "reward" might just be the difference between coming forward or not.

Granted, we'd need to instill plenty of trust in order to attract donations. Maybe we could use an M-of-N address controlled by a number of well-known figures - Glenn Greenwald, Julian Assange, maybe even Edward Snowden himself. Perhaps we'd use lighthouse.

Regardless of the mechanics (which are paramount), do you think this could this work?

At the 10 bitcoin level I will reveal the top secret black ops that goes all the way to the top!

At the 50 bitcoin level you will get a tote bag made of recyclable material (shredded documents)

At the 100 bitcoin level I will release nude photos of space aliens kept secret by government agencies

# ? Nov 4, 2014 05:14

theflyingorc: Jun 28, 2008; ANY GOOD OPINIONS THIS POSTER CLAIMS TO HAVE ARE JUST PROOF THAT BULLYING WORKS; Young Orc

Robawesome posted:

If we Fix Money, computer bits are the limit

# ? Nov 4, 2014 05:29

TVarmy: Sep 11, 2011; like food and water, my posting has no intrinsic value

computer bits can each only encode two possible messages. this means if we tie our economy to a computer bit, we'll have either no economy (0) or a post scarcity society (1).

# ? Nov 4, 2014 05:36

vanilla slimfast: Dec 6, 2006; If anyone needs me, I'll be in the Angry Dome

bucketmouse posted:

already pictured the one-eyed cat; too late

is there anything like that 'don't loving buy bitcoin' writeup that someone made a few threads ago with the basics of why the protocol is unscalable etc. that's vaguely up to date

I've gotten the 'what's bitcoin' question a few times (thanks cryptolocker) and want to give a real professional answer on why it's hella dumb

written by Heresiarch

hasn't been updated in a year but the fundamentals are sound (unlike bitcoin)

http://brokenlibrarian.org/bitcoin/

vanilla slimfast fucked around with this message at 17:22 on Nov 4, 2014

# ? Nov 4, 2014 05:37

theflyingexecutive: Apr 22, 2007

lol the winklevossen didn't deserve facebook

# ? Nov 4, 2014 05:37

duTrieux.: Oct 9, 2003

vanilla slimfast posted:

written by hiersarch

hasn't been updated in a year but the fundamentals are sound (unlike bitcoin)

http://brokenlibrarian.org/bitcoin/

it's pretty much prophecy

# ? Nov 4, 2014 05:43

crusader_complex: Jun 4, 2012

Robawesome posted:

PayPal keynote

Now app coins enable artificial intelligence... What? This is not what we need at a payments conference...

Futuristic speed coins that pay other cars to move out of the way. Even I'm confused. I was hoping to hear about the etf but we might as well be on Neptune at this point.

so many blanks to fill in for any of it to remotely understandable, fortunately i read yospos.

ok i know theres no point in deconstructing each crazy thing, but why exactly can libertarian self-driving supercars not just use regular money to bribe plebecar AIs?

*drives 20mph on freeway in the left lane until the 'reserve price' is met*

# ? Nov 4, 2014 05:50

Pardot: Jul 25, 2001

crusader_complex posted:

why exactly can libertarian self-driving supercars not just use regular money to bribe plebecar AIs?

everything is better decentralized duh

# ? Nov 4, 2014 06:16

Heresiarch: Oct 6, 2005; Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.

duTrieux. posted:

it's pretty much prophecy

this is why i don't update it, having that date on it makes it even more funny

vanilla slimfast posted:

written by hiersarch

nnnnng

# ? Nov 4, 2014 07:25

jony ive aces: Jun 14, 2012; designer of the lomarf car; Buglord

TVarmy posted:

when the price goes down on one exchange, the price goes down on other exchanges. this is obvious collusion.

quoting almost the whole thing because this paranoia feeds my soul.

why does this person hate the free market (arbitrage is bad :qq:

)

also i'm the complaints about regulation juxtaposed against demands to see buttfinex's berth certificate

# ? Nov 4, 2014 08:12

trucutru: Jul 9, 2003; by Fluffdaddy

Robawesome posted:

I'm the DDoS coin.

Want to send an email? Sorry, you don't have enough email coin.
Ran out of disk space, insert storage coin.

# ? Nov 4, 2014 08:12

jony ive aces: Jun 14, 2012; designer of the lomarf car; Buglord

also the reference to 'the british in hong kong'

# ? Nov 4, 2014 08:13

trucutru: Jul 9, 2003; by Fluffdaddy

Also, libertarians would love radioactive money, it is inherently deflationary.

Holy lol, I just noticed the "gold is useless enough". They are such hacks.

trucutru fucked around with this message at 08:16 on Nov 4, 2014

# ? Nov 4, 2014 08:14

jony ive aces: Jun 14, 2012; designer of the lomarf car; Buglord

wasn't that the whole plot to goldfinger

if the fed's ~~wallet.dat is deleted~~ gold is irradiated my net worth will go up up up as a result!

# ? Nov 4, 2014 08:23

codl: Jul 28, 2013

Boxturret posted:

decentralize yourselves and face to blockchain

# ? Nov 4, 2014 08:50

Buttcoin purse: Apr 24, 2014

trucutru posted:

Well, yeah, but semen tanks are actually useful.

Exactly, how else are you going to store all that semen until someone cashes in* your SEMO coin?

* I dunno, do you cash in URO to receive piss? Is that how it works? I forget, it was a few pages back.

# ? Nov 4, 2014 09:21

Alan Smithee: Jan 4, 2005; A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

jony ive aces posted:

wasn't that the whole plot to goldfinger

if the fed's ~~wallet.dat is deleted~~ gold is irradiated my net worth will go up up up as a result!

Bitfinger kills ladies by painting them in blockchain

Also he owns a big wasteful heat generating device

# ? Nov 4, 2014 10:46

Buttcoin purse: Apr 24, 2014

Weatherman posted:

how would goatse be improved by integration with the blockchain?

If I got goatse'd, but there was a strategically placed QR code in the middle, I'd probably be so grateful I would give him ~~the~~ a tip.

When goatman gets rich off tips, he will be motivated to provide us with more excellent content.

There will be a whole marketplace of people competing for the most tips.

Early adopters will be the richest. Bend over right now and wait for the tips to come!

# ? Nov 4, 2014 11:21

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

wait they actually used the "i'll blocade the highway for tips" use case in a room filled with functional adults?

lmao

hopefully everyone involved got an extra hour in the ball pit, because god drat

# ? Nov 4, 2014 11:25

Greyhawk: May 30, 2001

Dr. Honked posted:

manbearpigwhales

# ? Nov 4, 2014 11:57

Alan Smithee: Jan 4, 2005; A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

Greyhawk posted:

No I think it was more like Zardoz, except you feed the stone head while it says "The Greed Is Good"

# ? Nov 4, 2014 12:10

Malloc Voidstar: May 7, 2007; Fuck the cowboys. Unf. Fuck em hard.

im the soldier swimming in full metal armor during a storm

# ? Nov 4, 2014 12:17

Greyhawk: May 30, 2001

Alan Smithee posted:

No I think it was more like Zardoz, except you feed the stone head while it says "The Greed Is Good"

maybe but then again

# ? Nov 4, 2014 12:18

Greyhawk: May 30, 2001

surebet posted:

wait they actually used the "i'll blocade the highway for tips" use case in a room filled with functional adults?

lmao

hopefully everyone involved got an extra hour in the ball pit, because god drat

i really don't understand why people complained about the presentation being difficult when there were simple and compelling slides like this

wouldn't you want to invest your life savings in the obviously superior money? i know i do

# ? Nov 4, 2014 12:24

FrozenVent: May 1, 2009; The Boeing 737-200QC is the undisputed workhorse of the skies.

Greyhawk posted:

maybe but then again

I'm the moon ~~rocket~~ penis in the distance

# ? Nov 4, 2014 12:28

jony ive aces: Jun 14, 2012; designer of the lomarf car; Buglord

surebet posted:

hopefully everyone involved got an extra hour in the ball pit, because god drat

hopefully the creepy twins got norovirus

# ? Nov 4, 2014 12:41

Jabor: Jul 16, 2010; #1 Loser at SpaceChem

FrozenVent posted:

I'm the moon ~~rocket~~ penis in the distance

looks more like an atlas, which is not a rocket strong enough to put a person on the moon

pretty apt I guess

# ? Nov 4, 2014 12:45

Greyhawk: May 30, 2001

Jabor posted:

looks more like an atlas

shrug

anyway here's a thing

quote:

Getting the network effect rolling. (self.Bitcoin)
submitted 2 hours ago by toorik

I tweeted the following to oprah: Hi @Oprah. Ever wondered what bitcoin is all about? here�s 10000 bits to get you started. @changetip

The nice thing is that if she doesnt collect it I can just cancel it and get my money back. And if she does then the rest of my bitcoins will be worth A LOT more.

So its a win win. I can even raise the amount pretty high as i dont lose anything really if you think about it.

Seems a great way to grow bitcoin userbase and raise the value of my own bitcoin

who will join the changetip revolution??
Start here: https://www.changetip.com/

-----------------

[�]readyou 6 points 56 minutes ago
Thanks for doing this! I hope a lot of wealthy bitcoin early adopters will do this.

reminder 10000 bits is about 3 bucks fiddy

# ? Nov 4, 2014 12:47

gonadic io: Feb 16, 2011; >>=

Aleksei Vasiliev posted:

im the soldier swimming in full metal armor during a storm

I'm the soldiers reaching to help their fellow who fell in rather than saying "free market, bitch" and ignoring him

# ? Nov 4, 2014 12:50

creatine: Jan 27, 2012

What the gently caress yospos

# ? Nov 4, 2014 13:02

Sweevo: Nov 8, 2007; i sometimes throw cables away

i mean straight into the bin without spending 10+ years in the box of might-come-in-handy-someday first

im a fucking monster

AlsoD posted:

I'm the soldiers reaching to help their fellow who fell in rather than saying "free market, bitch" and ignoring him

i'm the greeks inexplicably using a viking boat

# ? Nov 4, 2014 13:03

Malloc Voidstar: May 7, 2007; Fuck the cowboys. Unf. Fuck em hard.

pre-enroll then file a fraudulent advertising complaint when they inevitably deny you your money

# ? Nov 4, 2014 13:03

creatine: Jan 27, 2012

I'm getting like one buttcoin related promoted tweet a day

# ? Nov 4, 2014 13:04

Owlofcreamcheese: May 22, 2005; Can't post for 9 years!; Buglord

Seeing all these "tipping threads" I've turned from a hater into a beliver. Microtips are a good idea! Now I would suggest a few things... (self.Bitcoin)
submitted 29 minutes ago by OCPetrus
commentsharesavehidereport
Okay so I'm at work atm and am in a hurry after work so I just write this quickly before I forget it.
1) There should be support for formatting of the tips on each social media. For example, here on reddit there could be next to the post a little tag that how many bits a post has received. Then you could click on that and see each sender and the amount.
It could be done using a subreddit CSS, browser plug-in or whatever, I don't care. I think that this subreddit would be the first place to take this into use. Then it could gradually grow to other subreddits and then other social medias.
2) A pyramid scheme would be cool. Only that it would be the opposite of a pyramid. I haven't thought through all the specific details yet, but something that you chip in an amount and that amount grows when more people chip in your branch.
Of course, it would be something like that you specify to chip in originally 1000 bits. Then for the 10 first who chip next in your branch, you will chip in 100 bits for each of them. Then, say, 10 for 10 first in the branches (10 in each branch, 10 branches = 100 tips in total) of the previous.
Whaddayathink?

# ? Nov 4, 2014 14:42

Malloc Voidstar: May 7, 2007; Fuck the cowboys. Unf. Fuck em hard.

Buttcoin: A pyramid scheme would be cool

alternately
Buttcoin: I haven't thought through all the specific details yet

# ? Nov 4, 2014 14:50

haveblue: Aug 15, 2005; Toilet Rascal

Robawesome posted:

Futuristic speed coins that pay other cars to move out of the way. Even I'm confused. I was hoping to hear about the etf but we might as well be on Neptune at this point.

dey are speed coins. make de car go faster

# ? Nov 4, 2014 14:51

Happy Noodle Boy: Jul 3, 2002

i need a video of the winkle twins crash and burn

# ? Nov 4, 2014 14:56

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# ? Apr 16, 2024 23:37

evilweasel: Aug 24, 2002

jony ive aces posted:

why does this person hate the free market (arbitrage is bad )

also i'm the complaints about regulation juxtaposed against demands to see buttfinex's berth certificate

because someone else is getting to the arbitrage before he is, duh

# ? Nov 4, 2014 14:56

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > bitcoin: a sisyphean nightmare, forever trapped in an endless wall of sperg

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