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Its probably easier to move Runsecape cash for Chinese money laundering.
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Feb 7, 2016 23:25
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Asehujiko posted:According to a future captain of industry hoping to get rich by buying piles of cheap laptops and running Runescape goldfarming bots on them, it's apparently more profitable to sell the gold for buttcoins and cash those out rather than selling the gold directly for €, to the tune of getting about 15% more out of it after the exchange cut. 1) The person wants runescape gold for whatever reason (probably to resell it at a markup) and probably has a lot of bitcoins but not a lot of euros. They're going to lose money exchanging bitcoins for euros, due to middlemen and scammers. So they might actually be saving money by offering a discount in bitcoin 2) "No chargebacks" means that some number of those opportunities are scams, where you send the bitcoins and then you get nothing in return. Like any good scam, the goal is to rope you in by offering a good exchange on a few small deals and then to score a really huge exchange and not actually pay you for it. Offering a discount could be an attempt to lure in good marks
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Feb 7, 2016 23:45
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It came from the amber thread:McNerd posted:Bitcoin loans startup Loanbase got hacked by using the MySQL instance from their Wordpress site to run their financial database. Don't you hate it when your bank's Wordpress account gets hacked?
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Feb 9, 2016 18:13
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SumYungGui posted:Someone get that guy an ambulance, it's a legit medical condition to be loving up your words that bad and I think he just had a stroke all over his keyboard. That's just based on the words he typed, getting into the meaning of those words is a whole 'nother can of crazy because what's this poo poo about "The Most Serenei Republic, reunited in congress"? I'm not gonna read his poo poo but 'Most Serene Republic' is a pretty common state title in Europe (mostly independent city states). Or it was, at least. 'Most Serene' implies sovereignty (ie The Most Serene Republic of Venice).
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Feb 9, 2016 23:04
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quote:
autoaim.cfg posted:Isn't he adorable? I guess that, even if some things are wrong, he isn't saying anything outlandish? Back when there was this hype/price spike, I had some acquaintances that managed to buy some bitcoins and cash out with moderate profit (and never touched buttcoins again).
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Feb 10, 2016 15:15
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I bought bitcoins to use on the silk road and then when the price jumped I bought some more and sold them and made a few grand. I have a friend who made $20k buying early and selling after the hype train took off. You just have to know when to get the gently caress out, and you have to not become a greedy true believer.
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Feb 10, 2016 17:47
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FishionMailed posted:I bought bitcoins to use on the silk road and then when the price jumped I bought some more and sold them and made a few grand. I have a friend who made $20k buying early and selling after the hype train took off. At that point you're basically day trading like everyone else who tries to time the market to get in before the wave and get out before the crash. Which isn't some terrible evil baby killing Hitler-level activity in itself, it is what it is. Problem is it's not exactly the basis for a world dominating techno-revolution currency. That last part is what people mock in these threads. That and blow-dried strawberries.
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Feb 10, 2016 18:57
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SumYungGui posted:At that point you're basically day trading like everyone else who tries to time the market to get in before the wave and get out before the crash. Which isn't some terrible evil baby killing Hitler-level activity in itself, it is what it is. Oh yeah, definitely. It's super risky given the 'commodity' you're trading, too. For a while I was doing arbitrage between different exchanges (ie MTGOX is buying coins for X but I can buy them from some German exchange for X-10) but the time it takes for transfers to happen and the volatility of BTC meant I wasn't really making a ton of money. Not enough to be worth the hassle anyway. But its utility as anything beyond a vehicle for people to get hyped about and value highly is nil. It's like when I traded Pokemon cards or sold digital items in Diablo 3. They're useless beyond what people will pay for them. People who think BTC could really replace anything or do anything besides provide a medium to extract money from people are hilarious. FishionMailed fucked around with this message at 19:10 on Feb 10, 2016 |
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Feb 10, 2016 19:03
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 it begins: Bitcoin Classic released So begins the persecution once more.
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Feb 10, 2016 23:59
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quote:This is the first Bitcoin Classic release, focused on doubling the transaction capacity of Bitcoin. So what's happened? People can send and receive bitcoins faster now?
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Feb 11, 2016 00:09
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Schlub Husband posted:So what's happened? People can send and receive bitcoins faster now? See, the Bitcoin Wagon had wheels that were triangle shaped. Some thought that's not a good shape for a wheel, so they made square shaped wheels instead, to improve the wagon. Now people are angry because some like the triangle shaped wheels and some like the square shaped wheels, so the new and improved Bitcoin Wagon is going to have triangle shaped wheels on the left side and square shaped wheels on the right side. Hop aboard! The ride is ready to depart! TOOT TOOT!
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Feb 11, 2016 00:26
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autoaim.cfg posted:triangle shaped wheels on the left side and square shaped wheels on the right side illustration required e: animated
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Feb 11, 2016 00:32
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EorayMel posted:
So does this mean mining easier or what i dont get buttcoin
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Feb 11, 2016 00:33
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klafbang posted:We are a bit jealous of those making big money riding the ups and downs so we tell ourselves we always knew it was a scam.
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Feb 11, 2016 02:27
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Pochoclo posted:What's actually funny is that bitcoin right now is being propped out by chinese criminals trying to smuggle money out of China, which has even worse legal restrictions. Oh yeah.. and you know how they do it, right? They don't convert their money into bit-coins and then into USD, they buy electricity to power their mining farms, mine butts and convert them into USD. There you go, that's how you should be getting your money out of Argentina!
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Feb 12, 2016 09:08
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XYZ posted:So does this mean mining easier or what i dont get buttcoin It doubles the block size limit; enabling the bitcoin nodes to process more transactions at a time.
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Feb 12, 2016 20:49
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XYZ posted:So does this mean mining easier or what i dont get buttcoin Silver95280 posted:It doubles the block size limit; enabling the bitcoin nodes to process more transactions at a time. But because some nodes will be using the increased limit and some won't, eventually there's going to be an oversize block that some nodes will process and others won't. Then bitcoin splits into two nearly identical blockchains/networks that overlap each other.
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Feb 12, 2016 23:20
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Silver95280 posted:It doubles the block size limit; enabling the bitcoin nodes to process more transactions at a time. Big butts.
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Feb 13, 2016 03:29
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Angela Christine posted:Big butts. The blockchain can not lie.
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Feb 13, 2016 04:12
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I just remember this startup was trying to hire me about a year and a half ago and their pitch was that they were a financial business blah blah security is important. They were offering a really high salary so i figured id interview then it turns out they wanted to make what sounded like an mtgox clone. Surely id still be employed today and making bu coup bitsalary
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Feb 13, 2016 10:28
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Remember the Winklevoss twins who previously tried to cash in on facebook? Were you wondering if they were still trying to make their fortune from bitcoin? Turns out the answer is yes! http://fortune.com/2015/10/05/gemini-winklevoss-bitcoin/ quote:The brothers may chafe at the suggestion, but Gemini is also their play for respect, both in the digital-currency world they’ve embraced and in the larger realm of tech entrepreneurs. After making their fame by suing Facebook CEO Mark Zuckerberg in 2008 and winning a settlement of $65 million, many say the twins haven’t made any noteworthy moves. They are angel investors in 52 different companies through Winklevoss Capital, but almost none are big names. (Three have had exits: ride-sharing startup Hitch sold to Lyft; security firm Authy sold to Twilio; and restaurant-ordering app Caviar sold to Square.) Those boys will go far!
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Feb 13, 2016 12:42
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winklevii
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Feb 13, 2016 13:22
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I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!
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cool facts about defunct bitcoin exchange mt gox
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Feb 13, 2016 14:54
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Hammerite posted:cool facts about defunct bitcoin exchange mt gox 
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Feb 13, 2016 18:46
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Hammerite posted:cool facts about defunct bitcoin exchange mt gox He sounds like a captured spy being forced at gunpoint to read a statement about how humanely he is being treated. The_Franz fucked around with this message at 19:11 on Feb 13, 2016 |
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Feb 13, 2016 19:09
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Roger Very misleading
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Feb 13, 2016 20:41
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The_Franz posted:He sounds like a captured spy being forced at gunpoint to read a statement about how humanely he is being treated. Seriously, like it was a scripted message to his loved ones to assure them that the Chinese are treating him well. Who the hell believed that guy?
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Feb 13, 2016 21:30
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Feb 14, 2016 09:23
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Hammerite posted:cool facts about defunct bitcoin exchange mt gox All lies! mtgox was run by a professional. 
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Feb 14, 2016 10:23
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What is this now?
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Feb 14, 2016 10:26
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The Bible posted:What is this now? He's the ex Turing Pharm CEO, and previous purchaser of that Wu-Tang album, and currently on federal charges for money laundering.
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Feb 14, 2016 10:36
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Hammerite posted:cool facts about defunct bitcoin exchange mt gox Correction: It's actually Magic: The Gathering: Online Exchange. As in, not an exchange for actual magic cards, but for the Magic Online game which had an inbuilt trading system.
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Feb 14, 2016 12:32
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blowfish posted:winklevii I suggest a celebrity couple conjunction nickname to refer to them collectively: Winkelvoss Twin + Winklevoss Twin > "Twinklevoss" Who's with me
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Feb 14, 2016 12:33
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Filthy Hans posted:I suggest a celebrity couple conjunction nickname to refer to them collectively: Winkelvoss Twin + Winklevoss Twin > "Twinklevoss" The plural is Winkletwats.
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Feb 14, 2016 14:02
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The Bible posted:What is this now?
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Feb 14, 2016 14:22
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Asehujiko posted:According to the GiP current events thread, somebody contacted Pharmabro about his offer to buy up Kanye's new album to prevent it's release, Pharmabro gave him $15m in butts to do this. Then it turned out that the person had nothing to do with Kanye and ran off with the money. There doesn't appear to be a transaction of that size on the blockchain; current opinion in the green thread is that it's Shkreli Twitter performance art.
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Feb 14, 2016 17:08
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He later tweeted that he got in touch with Satoshi who was going to get his money back, he is just trolling.
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Feb 14, 2016 19:35
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`Nemesis posted:He later tweeted that he got in touch with Satoshi who was going to get his money back, he is just trolling. a sad troll
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Feb 14, 2016 19:43
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I'm sure we can all feel sorry for him for real when he's in prison. haha yeah right gently caress that guy
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Feb 14, 2016 21:47
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Asehujiko posted:According to the GiP current events thread, lol that thread is for racists to laugh at brown people gettin shot and blown up
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Feb 14, 2016 22:11
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