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Rick Ross Ulbricht posted:no one likes how
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Mar 9, 2015 19:59
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| # ? Apr 20, 2024 11:39 |
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how is a good poster, the best poster these forums have ever seen.
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Mar 9, 2015 20:08
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As a Millennial I posted:how is a good poster, the best poster these forums have ever seen. yospos is a troll-free zone, thanks for not trolling
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Mar 9, 2015 20:10
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bter, although hacked and lost 1.75 million dollars, plans on reopening very soon with an unhackable platform https://twitter.com/btercom/status/574946304075264004
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Mar 9, 2015 20:51
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Muscle Tracer posted:a derail... in the bitcoin thread!? this was a ways back, but this post is good
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Mar 9, 2015 20:56
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Deacon of Delicious posted:this was a ways back, but this post is good
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Mar 9, 2015 21:02
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I've posted the voicemails I've received so far on the Buttcoin Hotline. https://soundcloud.com/butt-coin/sets/buttcoin-voicemail
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Mar 9, 2015 21:03
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Guy goes to /r/personalfinance to convince people that bitcoins are a good investment. Gets run out. http://www.reddit.com/r/personalfinance/comments/2yf03z/can_i_kindly_recommend_that_those_looking_for/ 9 hours later goes to /r/investing to convince people that bitcoins are a good investment. Gets run out. http://www.reddit.com/r/investing/comments/2yg1k3/may_i_kindly_suggest_that_those_looking_for_high/ 3 hours later head back to /r/bitcoin complaining when no one wants to listen that bitcoins are a good investment. Gets a crying sholder. http://www.reddit.com/r/Bitcoin/comments/2ygm6n/im_tired_of_trying_to_help_rinvesting_understand/
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Mar 9, 2015 21:21
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Boxturret posted:rreally? Remember to buy on the way down!
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Mar 9, 2015 21:31
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FCKGW posted:Guy goes to /r/personalfinance to convince people that bitcoins are a good investment. Gets run out. I like the subtle shilling [–]SanDiegoMitch -3 point 14 hours ago I remember maybe 5-6 years ago my brother was showing me this thing called bitcoin. I think it was like $.70 cents a coin. He then showed me this website where you could buy stuff with bitcoins, like hats and mousepads and sweatshirts. He was trying to convince me we should just invest $50 into it. But I saw that this was going no where (why would I convert my money into bitcoin so I could buy mousepads?). My god I wish I took his advice. He also did not figure out how to buy into it (I feel that this is the hardest part), but that 70 cent bitcoin would climb up to $1,250 and the $50 investment would have been worth over $85,000. I kick my self for that so much now. It keeps expanding, and I know it would probably still be smart of me to drop at least $50 onto it just in case it ever does take over as a world currency. However. I still don't know where to start, and how to do it safely so that it does not get stolen from me, when I get keylogged or whatever. perma-lien [–]Logical007[S] -2 point 14 hours ago Cool! We all have that type of story regarding Bitcoin at some point, haha  So this is what I'd recommend: to acquire Bitcoin you can currently do two things: A. Use circle.com (they're very legit, backed by big mone) or in a matter of weeks when it launches invest in the Bitcoin Investment Fund through your broker (like Etrade). They buy/sell Bitcoin on your behalf and store it for you. If you go the Circle.com route, you can then keep it with them in their wallet/spend it when you want to, etc. If you want to secure it yourself, and hold it in a wallet you are soley responsible for, I recommend Breadwallet on iOS. It's IMO the most secure/easiest way to store Bitcoin outside of a bank. (Disclosure: I am a potential investor in their seed round) perma-lienparent [–]SanDiegoMitch 1 point 14 hours ago Man if it starts getting traded through brokerages like E*Trade, I would gladly put a (very) small portion towards it. perma-lienparent [–]Logical007[S] -1 point 14 hours ago It's very close, launching in either days or weeks. I think the main thing I want to get across is just how scarce Bitcoin is. There are only approximately 14Million Bitcoins and each one is highly divisible. By 2140 there will only be 21 Million BTC as it gets harder and harder for miners to produce. http://www.businessinsider.com/secondmarket-public-bitcoin-etf-2014-3 perma-lienparent
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Mar 9, 2015 21:58
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today, for the first time, i finally saw a bitcoin option at online checkout in the wild if only i'd forseen this event 5 years ago, and not lost my wallet, and not deleted my wallet because lol btc, and not been scammed, and not put my btc into gox or any other exchange ever, and not cashed out at any of the thousand peaks, and not been curb-stomped by the IRS, then i could have bought this t-shirt for just a few cpu cycles!!!
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Mar 9, 2015 22:20
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FrozenVent posted:I like the subtle shilling Then you'll love this guy quote:I'm interested in any apps that act like a bank on my phone. quote:well you don't move USD through the network, you are moving bitcoin. quote:I guess that's what we'll be doing. Thanks!
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Mar 9, 2015 22:25
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is their a perfect piece of software that woul allow me to be my own bank= ??? 
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Mar 9, 2015 22:41
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well gee thanks i like the sound of that bitcion
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Mar 9, 2015 22:48
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software ... on my phone ... that lets me do stuff you can do in a bank, like ... mobile banking nah, i'm sure my bank doesn't offer anything like that, guess i'll have to use money-laundering drug pogs, sigh
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Mar 9, 2015 22:48
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Coinbase is hiring AML compliance staff, I almost want to apply but I don't want to catch anything. I also don't want to be out of a job and dealing with federal investigators within the year because coinbase folded and the board ran off with the reserves after it turned out they were a primary finance channel for ISIS and Estonian child traffickers.
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Mar 9, 2015 22:50
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McNerd posted:I'm interested in any apps that act like a bank on my phone. allahu ackbar!
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Mar 9, 2015 22:56
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LongDarkNight posted:allahu ackbar! what do you mean, a trap?
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Mar 9, 2015 22:58
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FAUXTON posted:Coinbase is hiring AML compliance staff, I almost want to apply but I don't want to catch anything. well, what are the odds of that happening, really? 95%? 97%?
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Mar 9, 2015 23:25
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FAUXTON posted:Coinbase is hiring AML compliance staff, I almost want to apply but I don't want to catch anything. can you imagine your first job interview afterward, trying to explain what this coin base thing was? lol
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Mar 9, 2015 23:27
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did Bitcoin actually ever sold for 1250 or whatever all time high? I thought that was a fake number from gox and you couldn't actually withdraw anything since they made things up
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Mar 9, 2015 23:32
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FrozenVent posted:can you imagine your first job interview afterward, trying to explain what this coin base thing was? People in this field know what bitcoin is, because it's our job to identify and assist in prosecuting money laundering. Bitcoin is the mild-mannered Austrian man who emigrated to Argentina in the late 40's and has kept to himself ever since, and I'm the goddamn Mossad.
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Mar 9, 2015 23:32
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Happy Noodle Boy posted:did Bitcoin actually ever sold for 1250 or whatever all time high? I thought that was a fake number from gox and you couldn't actually withdraw anything since they made things up the fake mt gox number drew the rest of the market up with it, some people were able to sell on other exchanges they're bitcoin speculators, so most of them probably reinvested and lost on the downside, but i'm sure somebody out there made out like a bandit
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Mar 9, 2015 23:36
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Happy Noodle Boy posted:listen to yospos and kill youreself someone should remake listentobitcoin.com but with yospos not me though i'm more of an ideas guy
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Mar 9, 2015 23:51
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rjmccall posted:the fake mt gox number drew the rest of the market up with it, some people were able to sell on other exchanges But wasn't the gox price always way higher than the other exchanges, which is why bitcoiners kept using and pumping money into it even when people had gone like 6 months without being able to remove funds? Some people certainly sold some bitcoins for 1250, on the Mt Gox ledger, but they never received that money.
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Mar 10, 2015 00:16
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$20 bucks
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Mar 10, 2015 00:54
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FAUXTON posted:People in this field know what bitcoin is, because it's our job to identify and assist in prosecuting money laundering. Bitcoin is the mild-mannered Austrian man who emigrated to Argentina in the late 40's and has kept to himself ever since, and I'm the goddamn Mossad. lol
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Mar 10, 2015 00:59
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FAUXTON posted:Coinbase is hiring AML compliance staff, I almost want to apply but I don't want to catch anything. QuarkJets posted:But wasn't the gox price always way higher than the other exchanges, which is why bitcoiners kept using and pumping money into it even when people had gone like 6 months without being able to remove funds? Some people certainly sold some bitcoins for 1250, on the Mt Gox ledger, but they never received that money.
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Mar 10, 2015 01:12
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QuarkJets posted:But wasn't the gox price always way higher than the other exchanges, which is why bitcoiners kept using and pumping money into it even when people had gone like 6 months without being able to remove funds? Some people certainly sold some bitcoins for 1250, on the Mt Gox ledger, but they never received that money. went and grabbed the old transaction history and ran it through perl. bitstamp peaked on november 29th, 2013 at $1163.00 with a transaction worth $57,527.89. there were half-a-dozen other transactions at that price worth about the same in total, plus a fair number more at slightly lower prices. so yeah, it was all a massive speculative bubble, but that doesn't mean there wasn't real money involved
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Mar 10, 2015 01:23
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the bitcoin pimp has some sick burns up his sleeve logical007 posted:Sorry you're not very smart when it comes to this stuff and how it works
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Mar 10, 2015 01:27
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rjmccall posted:went and grabbed the old transaction history and ran it through perl. bitstamp peaked on november 29th, 2013 at $1163.00 with a transaction worth $57,527.89. there were half-a-dozen other transactions at that price worth about the same in total, plus a fair number more at slightly lower prices. so yeah, it was all a massive speculative bubble, but that doesn't mean there wasn't real money involved iirc most of these exchanges had monthly caps on fiat withdrawals to avoid immediately triggering aml limits (so instead it became structuring), i'm sure fauxton knows more about this so yeah maybe a handful of people* cashed out at the all time high, and a bunch of dudes on the way up sold their bitcoins to wally or markus on mtgox for ledger fiat, but the bulk of that money a) never existed b) already seized by DHS/DEA or c) stuck in withdrawal queue limbo for years even if they sold on bitstamp, so they probably plowed it back in on the way down instead the proper way to benefit from your bit-riches was to somehow manage to not lose all your bitcoins until about a year ago and then to use coinbase and bitpay to buy poo poo and never see fiat * until the IRS or their local equivalent catches up VAGENDA OF MANOCIDE fucked around with this message at 02:25 on Mar 10, 2015 |
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Mar 10, 2015 02:23
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FAUXTON posted:People in this field know what bitcoin is, because it's our job to identify and assist in prosecuting money laundering. Bitcoin is the mild-mannered Austrian man who emigrated to Argentina in the late 40's and has kept to himself ever since, and I'm the goddamn Mossad.
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Mar 10, 2015 02:54
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Aleksei Vasiliev posted:i don't think bitcoin is big enough to become a primary finance channel of ISIS But they said it was going to the moon
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Mar 10, 2015 04:40
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if ISIS is using bitcoin as a primary finance channel I expect them to close shop and disappear some time within the next 5-7 months
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Mar 10, 2015 04:49
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FAUXTON posted:But they said it was going to the moon  but with one of those crack den hackerspaces like noisebridge I guess.
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Mar 10, 2015 05:07
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indigi posted:if ISIS is using bitcoin as a primary finance channel I expect them to close shop and disappear some time within the next 5-7 months Outside of just straight up plunder taken from invaded territory they aren't exactly flush with ways to move value around their operation. Bitcoin's lack of broad adoption and weirdly-trusting community are reasonably effective cover for them to launder money and move it around their area. With so few retailers actually taking that fake money they can just leverage some radicalized computer nerds in Turkey or Malaysia or wherever and set up some "pay us in bitcoins to buy stuff (with stolen cards) for you" service. Then they just fence the butts through an exchange of their choosing since the insular and doofy bitcoin community will happily buy the fake money since it's going to go up uP UP.
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Mar 10, 2015 05:20
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FAUXTON posted:Outside of just straight up plunder taken from invaded territory they aren't exactly flush with ways to move value around their operation. Bitcoin's lack of broad adoption and weirdly-trusting community are reasonably effective cover for them to launder money and move it around their area. With so few retailers actually taking that fake money they can just leverage some radicalized computer nerds in Turkey or Malaysia or wherever and set up some "pay us in bitcoins to buy stuff (with stolen cards) for you" service. Then they just fence the butts through an exchange of their choosing since the insular and doofy bitcoin community will happily buy the fake money since it's going to go up uP UP. You seem to misunderstand how bitcoin works. The network activity is small, if there was any serious amount of money being moved by ISIS it'd be noticeable.
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Mar 10, 2015 05:23
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this is of course all purely theoretical; because bitcoin doesn't exist
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Mar 10, 2015 05:26
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stay safe
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Mar 10, 2015 05:30
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it was probably just one insufferably nerdy jihadi pestering his fellow isis members about bitcoin enough until they agreed to try it out
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Mar 10, 2015 05:34
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