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great timingquote:I just started receiving 100% of my paycheck in Bitcoin with my last paycheck (self.Bitcoin)
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Jan 5, 2015 00:51
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Jan 5, 2015 00:53
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the sheer audacity would almost be impressive if he wasn't a massive scamming cumbag
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Jan 5, 2015 00:54
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Jan 5, 2015 00:55
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There is no loving way this is real. I'm not even checking because it's just not.
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Jan 5, 2015 00:56
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this is nice did we have this one yet? quote:http://bravenewcoin.com/news/romanias-only-bitcoin-exchange-shuts-down-due-to-disgruntled-programmer/
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Jan 5, 2015 01:00
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Jan 5, 2015 01:01
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Kirk posted:I just started receiving 100% of my paycheck in Bitcoin with my last paycheck (self.Bitcoin) there's some gems in the comments on this one * it turns out he's not receiving 100% of his paycheck in bitcoin, he actually gets paid in dollars. he just had a bitcoin paycheck service set up a bank account # and configured his employer's direct deposit system to pay into it. * said service nominally skims off 1% so right there he's only getting 99%. the service also uses some weighted average-of-exchanges formula for calculating the spot price at the time of buy. naturally the possibility that this formula could be skewed towards the service (or changed on a whim) does not occur to him or any of the other reddit coiners * he used to get paid in dollars through his own bank acct, converted them to bitcoins himself, then converted the bitcoins to euros (he's an american getting paid by general dynamics but working/living in europe apparently). this new system is ~superior~ because it lets him escape the tyranny of having his own bank account * despite all this he claims to be making a profit by turning around selling the bitcoins on localbitcoins, which is (a) lol on its face and (b) meta lol because the headline and story are written to make it sound like he's totally a dude who has escaped the chains of fiat money and banksters they're so very desperate to make it sound like there is a vibrant bitcoin economy which lets you conduct all your financial transactions in bitcoin, but it's always middlemen conversion "services" all the way down
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Jan 5, 2015 01:04
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 big picture is also p lol   haha disregard these charts, apparently the garza paycoin is the second altcoin to use the name, the original one still being tradedso let's look at the meteoritic rise of garzacoin   yup, p meteoritic https://www.youtube.com/watch?v=YUKmq7UMJys especially since each coin had a  nominal value of 20$, and a current market value of 4$
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Jan 5, 2015 01:04
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i wonder what bitcointalk is up to these days Why Bitcoin is dropping and why you should be buying. January 04, 2015, 06:22:02 PM #1 All I'm hearing from the forum is the imminent death of bitcoin due to the relatively small drop in price in dollar terms of Bitcoin. I see this as an early sign that a financial collapse is approaching and therefore the perfect time for wise investors to buy. I don't know if people are familiar with the work of Jim Willie of the Golden Jackass but I recommend him, he's fringy and controversial but he has always said that the sign the system is collapsing and the dollar is on its death bed will be a massive rise in the dollar not a drop. This also is a sign of a deriveratives implosion too. I think we will go lower, very low in fact (in dollar terms) and then we will get a spike up that will shock even seasoned bitcoiners. The absolutely only reason I'm not buying Bitcoin is I have no available fiat. If you are holding dollars then anytime from now is a good time to buy if you hold a longer tem perspective. http://www.maxkeiser.com/2015/01/harvey-organ-derivatives-meltdown-has-begun/
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Jan 5, 2015 01:09
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here's why I'm not taking my own advice to get rich quick....
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Jan 5, 2015 01:19
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Mr. Apollo posted:here's why I'm not taking my own advice to get rich quick.... Temporarily embarrassed millionaire gives advice to the plebs
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Jan 5, 2015 01:22
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so a sudden massive increase in price is indicative of the end huh maybe like an increase of a factor of 10 over a month? hmm.....
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Jan 5, 2015 01:26
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bitcoiners are returning fire!
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Jan 5, 2015 02:35
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surebet posted:
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Jan 5, 2015 02:37
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shibamint posted:To be very honest I do like Bitcoin volatility ... When prices are not move up or down I feel very bored. I love our every day news for me our community is like an unique lab hands on to learn about cryptology, economics, financial, scandals etc ... That's the main reason this generation will be more than prepared to take over the economy in the future.
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Jan 5, 2015 02:39
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I don't trust banks, but I sure do trust random fucks on the internet!!!
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Jan 5, 2015 04:01
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another bitstamp storyquote:Bitstamp is apparently broken or hacked. I suggest not depositing coins there till they respond. (self.Bitcoin)
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Jan 5, 2015 04:17
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Boxturret posted:bitcoiners are returning fire! forums down for an hour, bitcoin up 30$ we're really the staging point of all bankster counter insurgency operations 
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Jan 5, 2015 04:18
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http://www.coinsetter.com/bitcoin-news/2015/01/03/spacebit-announces-banking-system-space-includes-bitcoin-2042 SpaceBIT claim to be in the process of partnering with banks and exchanges and comply with local regulations and jurisdictions, although it is unclear what sorts of regulations would apply in this case. Pavlo Tanasyusk has claimed quote:We’ve created the business case and checked the feasibility of the technology, including costs, timescales and risks. We’ve checked the revenue potential and we’ve engaged with hundreds of interested individuals identifying the right team we need to proceed. We have done the necessary research and preparation to make sure that this project will work although there was no indication of the business model.
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Jan 5, 2015 04:22
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quote:As part of their initial proposal, the company is working on implementing both crypto-currencies like Bitcoin and digital currencies like VEN into the system. In order to establish this system, SpaceBIT plans to launch a constellation of satellites orbiting the globe, which would be able to provide access to this payment infrastructure especially in remote parts of the world with under-developed existing payment systems. The satellites would also be depositories of digital cash (like Ven). The SpaceBIT team believes that this project will be able to bring cheap and secure payment systems to currently unbanked populations. either the cubesat re-enters the atmosphere and the on-board wallet burns with it after a couple weeks of not actually transmitting poo poo because the wifi antenna plugged into the arduino wasn't strong enough, or someone restores the wallet from a backup and proves that the funds aren't safe for poo poo anyway
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Jan 5, 2015 04:26
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Exploring Bitcoin's Price (without Conspiracy) (self.Bitcoin) submitted 48 minutes ago by ExpatJosh My theory, or a theory, is that bitcoin's price (not unlike Gold) runs counter to other investments. As gas prices drop, and the economy stumbles into an illusion of recovery, the price of BTC declines. This happens because BTC as an investment is fundamentally about staving off the losses of market crashes. With this in mind, it isn't more apps or more education or more b2b applications or less mining which will propel bitcoin's price. It is the inevitable economic decline (collapse). Opinions?
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Jan 5, 2015 04:27
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Just received an email from bitstamp (self.Bitcoin) submitted 2 minutes ago by yotta_e Dear customer, Today our transaction processing server detected problems with our hot wallet and stopped processing withdrawals. You should STOP SENDING bitcoin deposits to your Bitstamp account IMMEDIATELY as private keys of your deposit address may be lost. Your bitcoins already deposited with us are stored in a cold wallet and can not be affected. We will send you more info as soon as possible. Best regards, Bitstamp team
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Jan 5, 2015 04:35
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i can't even begin to know what to c/p from this, click for what's essentially the most god damned exhaustive documentation of silk road's history i anchored the link at the internal notes of how poo poo went down during the crackdown http://antilop.cc/sr/#flotsam
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Jan 5, 2015 04:36
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Robawesome posted:
lol
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Jan 5, 2015 04:36
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Robawesome posted:
priapism.png
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Jan 5, 2015 04:37
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Robawesome posted:
2015
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Jan 5, 2015 04:43
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surebet posted:i can't even begin to know what to c/p from this, click for what's essentially the most god damned exhaustive documentation of silk road's history I'm going to read this whole thing.
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Jan 5, 2015 04:47
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Problems with Bitstamp withdraws (i.imgur.com) submitted 4 minutes ago by -XB- 
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Jan 5, 2015 04:47
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THIS IS GOOD FOR BITCOIN BECAUSE
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Jan 5, 2015 04:51
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oh god bitstamp please finally gently caress up looks like the exchanges are starting to trickle back down into the 260's on the news
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Jan 5, 2015 04:52
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Ross Ulbricht trial starts tomorrow and ends in a life sentence
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Jan 5, 2015 04:56
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I don't give a F what happens. I'm holding. Here's why. (self.Bitcoin)quote:Bitcoin, has the best chance of ending the tyrannical state than anything else in human history. Do I care if another crypto-currency succeeds? No. I care that the ultimate lie of democracy and the violent existence of the state and its ruling class are brought to their knees, for good. Bitcoin sits at the head of the table in this aspect, and I will support it even to its bitter, bitter end if need be. There will not be an end of course, only ups and downs as voluntary peaceful markets decide it's value, as everything should be. Bitcoin lacks something that has existed since the beginning of time, which I find extremely interesting scares the vast majority. The proverbial gun.
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Jan 5, 2015 05:01
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DNova posted:I'm going to read this whole thing.
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Jan 5, 2015 05:05
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unless you're shooting 50$ at a time to your family back home, WU doesn't charge 10%, yet here's a guys ready to pay that for the added convenience of less security, reliability, extra steps and probably more fees I hear it's better to transfer in bitcoin... but how do I do it so it's worth my while? (self.Bitcoin) submitted 2 hours ago by jnkns86 I have money in my home country's bank account, I'm abroad and I've lost my bank card and it's a little costly to send it to a friends account and it will also take too long. I thought a good idea would be to buy some bitcoin and sell it, transferring the money to my friends account. I checked on localbitcoins and the price to buy is currently 300eur/bit but to sell it's only 230, obviously ridiculous. So my question is this, how do I go about this so I don't lose any more than say 10%? Is it possible? Thanks! [–]Throwahoymatie 1 point an hour ago Yeah you can open an account with coinbase or circle and sell the BTC to them once you've linked it to your bank account. Their spread with be much smaller.
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Jan 5, 2015 05:06
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Robawesome posted:Problems with Bitstamp withdraws (i.imgur.com) 7
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Jan 5, 2015 05:08
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surebet posted:i can't even begin to know what to c/p from this, click for what's essentially the most god damned exhaustive documentation of silk road's history how did that not tip anybody off
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Jan 5, 2015 05:09
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Aleksei Vasiliev posted:lol the undercover agent was a mod on SR1.0 and was the only staff member of it not arrested you know the answer in your heart is bitcoiners
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Jan 5, 2015 05:10
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no seriously that bitstamp thing is the biggest lol in a long time i hope an exchange goes down every january
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Jan 5, 2015 05:12
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Kirk posted:I don't give a F what happens. I'm holding. Here's why. (self.Bitcoin) basically they expect any form of government to implode once bitcoin somehow takes over, yet none of them seem to realise that like 99% of the info on the desk of the irs is self-reported by either companies (payroll, revenue) or citizens (salary, revenue), so even if somehow found the right lamp to rub and got their wish, people aren't magically going to stop paying their taxes at the very least the sacrosanct captains of industry need to present financials to their stockholders, so right there there's fiscal info
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Jan 5, 2015 05:15
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