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Cojawfee posted:"Bitcoin is the money of the future." nope, but you can be found guilty of being an accessory to murder
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Jul 26, 2016 03:06
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Desert Bus posted:http://www.miamiherald.com/news/local/crime/article91682102.html This is actually good for bitcoin because... 
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Jul 26, 2016 03:13
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http://gizmodo.com/as-punishment-for-stealing-bitcoin-man-must-teach-poli-1784285875 "Most notably, however, as part of defendant Michell Espinoza’s plea deal, he must teach Florida law enforcement about Bitcoin." They're having a Bitcoiner teach them about Bitcoins. This case is awesome. So good for Bitcoin.
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Jul 26, 2016 04:06
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I was remembering the old Bitcoin threads, Altas and Dank. They really made it something. It was amazing watching how they went through like 300 years of finical theory in a like a years time. If you keep your gold in your house people will steal it. If you pool all your gold in someone elses house, it might get stolen by ether an outsider or the dudes house. If you trust the market, well the dude running the exchange might be crooked. The creator might be an autistic who just wanted to buy model trains. Remember bit gem or bit gold people kept buying I wonder how that ended. 3 phase talking about wiring and how all those morons will burn there house down. Ah bitcoin you truley were a source of comedy gold.
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Jul 30, 2016 07:22
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Looks like 125k bitcoins may have been stolen from BitFinex. Some things never change.
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Aug 3, 2016 01:54
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A Man With A Plan posted:Looks like 125k bitcoins may have been
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Aug 3, 2016 02:15
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A Man With A Plan posted:Looks like 125k bitcoins may have been stolen from BitFinex. Some things never change. " Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex. We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up. The theft is being reported to — and we are co-operating with — law enforcement. " http://thenextweb.com/insider/2016/08/03/bitcoin-bitfinex-75-million-stolen/#gref
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Aug 3, 2016 03:47
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Just call up the central Bitcoin dispatch and get them to reverse the transaction.
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Aug 3, 2016 03:58
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Cojawfee posted:Just call up the central Bitcoin dispatch and get them to reverse the transaction. Or have FDIC cover the depositors' funds.
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Aug 3, 2016 04:20
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If only I had fewer ethics, it'd be so easy to start up a bitcoin insurance agency, publicly pay out a few initial claims to people in on the scam to build up trust, then just deny every one of those big hack claims (and vanish into the night if the pressure somehow builds) Normally an insurance agency is a guaranteed profit just based on the business model, but lol at the thought of anyone paying a reasonable rate based on the risk (especially since the risk will rise due to people taking the insurance purely to try to double their money with a fraudulent payout)
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Aug 3, 2016 04:26
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You would immediately be scammed out of business. All of your clients would constantly get hacked by evil doers and make claims.
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Aug 3, 2016 04:41
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Sentient Data posted:If only I had fewer ethics, it'd be so easy to start up a bitcoin insurance agency, publicly pay out a few initial claims to people in on the scam to build up trust, then just deny every one of those big hack claims (and vanish into the night if the pressure somehow builds) Might have worked in the early days, but now if you made any money from that you would certainly end up arrested. edit: Or assassinated. I seem to remember that one scheme that came up often on the Bitcoin forums was people suggesting hiring bounty hunters to find anyone who cheated the community. Everyone suggesting that of course wanted others to pay for it.
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Aug 3, 2016 04:42
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Lime Tonics posted:" "Bitcoin exchange platform Bitfinex is reporting the theft of what some users are saying is as much as 119,756btc — or about $65 million in cash." How exactly are they determining that cash value? Is that 65 million in Monopoly money? An equivalent amount of gift cards?
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Aug 3, 2016 05:20
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CaptainSarcastic posted:"Bitcoin exchange platform Bitfinex is reporting the theft of what some users are saying is as much as 119,756btc — or about $65 million in cash." Bitcoiners always just multiple (Current Price) x (Amount) so they are valuing every bitcoin in existence at $551.00 despite the fact that if you tried to sell that many bitcoins you would obliterate the market.
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Aug 3, 2016 05:28
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CaptainSarcastic posted:"Bitcoin exchange platform Bitfinex is reporting the theft of what some users are saying is as much as 119,756btc — or about $65 million in cash." Probably spot price on some big exchange, which as we all know is a moronic way of figuring that. E: yeah that ^^
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Aug 3, 2016 05:30
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Senor Tron posted:edit: Or assassinated. I seem to remember that one scheme that came up often on the Bitcoin forums was people suggesting hiring bounty hunters to find anyone who cheated the community. Everyone suggesting that of course wanted others to pay for it. That's just the bitcoiner version of regular internet tough guys threatening to kill someone directly. A lot of people cheat the community but I don't remember hearing many stories of actual violence occurring apart from thefts, and all the stories of people who died that I can recall were drug overdoses. Anyway the BTC-USD exchange rate has dropped from around $650 a week ago to $530ish right now, roughly, but this is good for bitcoin.
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Aug 3, 2016 11:00
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What happened to atlas in the end? And Bruce the Pattaya boy lover?
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Aug 3, 2016 14:59
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Which exchange was it that actually bought insurance, then when they "got hacked" the insurance company just said "LOL no"?
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Aug 3, 2016 15:28
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Jumpingmanjim posted:What happened to atlas in the end? And Bruce the Pattaya boy lover? atlas moved to canada and became an immortal bruce tried to get Occupy Wall Street people to shower in his apartment and then dropped off the grid for a while, but briefly resurged by trying to get everybody to use a gay hookup app in order to facilitate face-to-face bitcoin transactions
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Aug 3, 2016 15:34
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vortmax posted:Which exchange was it that actually bought insurance, then when they "got hacked" the insurance company just said "LOL no"?
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Aug 4, 2016 00:54
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Edminster posted:atlas moved to canada and became an immortal   my reactions to the updates
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Aug 4, 2016 01:10
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vortmax posted:Which exchange was it that actually bought insurance, then when they "got hacked" the insurance company just said "LOL no"? This was notable because not only did the insurance company refuse to pay, but the insurance policy was written in such a way that they'd really never have to pay for any lost bitcoins; it only covered physical theft of money, not digital transfers. But Bitcoin can only be stolen digitally. So really the policy only covered whatever cash Bitpay might have had laying around in the office Captains of industry
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Aug 4, 2016 04:01
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Edminster posted:atlas moved to canada and became an immortal Lol, remember Occupy Wall Street What a waste of everyone's time
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Aug 4, 2016 06:10
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Saw this today https://news.vice.com/article/bitcoin-value-drops-hackers-steal-65-million-bitfinex?utm_source=vicenewsfbads quote:
So since the weekend is coming doesnt that mean people are buy coins to buy their drugs or did that cycle go away with silk road.
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Aug 4, 2016 09:42
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Sounds like a great time to buy bitcoins!
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Aug 4, 2016 17:38
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QuarkJets posted:This was notable because not only did the insurance company refuse to pay, but the insurance policy was written in such a way that they'd really never have to pay for any lost bitcoins; it only covered physical theft of money, not digital transfers. But Bitcoin can only be stolen digitally. So really the policy only covered whatever cash Bitpay might have had laying around in the office i remember reading that and the insurance company's interpretation was debatable insurance companies will contest any claim they possibly can on the most transparently bullshit reasons so i'm willing to give them a pass here
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Aug 4, 2016 17:40
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just from super briefly skimming the link provided, it looks like the insurance company said 'you didn't get hacked, you got email phished which is just you being an idiot. there is no actionable claim here.'quote:We are unaware of any evidence to support that the perpetrator gained access to the Bitpay computer system or device. The ultimate transfer of bitcoins did not result from the perpetrator's access to the Bitpay computer system or device. Ultimately Mr. Krohn's superiors made the decision to send bitcoins in three separate transactions, prior to receiving payment So, "you just hosed up that's not on us." It's like if you get Nigeria scammed then try to make an FDIC claim saying the money you wired away was stolen from the bank.
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Aug 4, 2016 17:43
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Rufio posted:Sounds like a great time to buy bitcoins! They're not devalued, they're discounted! Grab your coins before the summer sale is over! They can only go up uP UP!
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Aug 4, 2016 17:50
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Cheap coins!! Value is assured! Buy now while you still can! 
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Aug 4, 2016 18:05
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it's all about the dogecoin
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Aug 4, 2016 18:07
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quote:"We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen," the company said in a statement on Tuesday, the Guardian reported. "We are undertaking a review to determine which users have been affected by the breach." I love the wording here. We weren't robbed, some of our individual customers were robbed. Some of our customers were not robbed. Too bad for those guys who got robbed though. Don't blame us, blame the guy who robbed you. Can you imagine a bank claiming some particular customer accounts were robbed rather than the bank itself being robbed? Yeah, sorry, the sack of money with your account number on it was stolen, so your money is gone.
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Aug 4, 2016 21:28
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Well, learning about bitcoin and laughing at technolibertarianism has now made me set up Folding@home with all my friends. So I guess something good has come of it?
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Aug 4, 2016 22:14
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Only if you set up folding farms with milk crate after milk crate of graphic cards and power supplies
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Aug 4, 2016 22:21
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Sentient Data posted:Only if you set up folding farms with milk crate after milk crate of graphic cards and power supplies Yes, only if we give ourselves brain damage while trying to fold proteins... to help brain damage. Then the circle will be unbroken.
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Aug 4, 2016 22:28
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WrenP-Complete posted:Yes, only if we give ourselves brain damage while trying to fold proteins... to help brain damage. Then the circle will be unbroken. Just dump liquid nitrogen on the floor - you'll be fine.
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Aug 4, 2016 22:29
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CaptainSarcastic posted:Just dump liquid nitrogen on the floor - you'll be fine. I just googled "nitrogen bitcoin" and found https://www.bitedge.co/bitcoin-sportsbook-reviews/nitrogen-sports-review/
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Aug 4, 2016 22:50
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If you were trying to figure out what it was referring to, it's a video of a guy talking about cooling his mining rig. He has a big dewar liquid nitrogen and instead of doing something useful with it, he just dumps it on the floor. It quickly vaporizes and does nothing but make his carpet really cold.
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Aug 5, 2016 02:00
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Cojawfee posted:If you were trying to figure out what it was referring to, it's a video of a guy talking about cooling his mining rig. He has a big dewar liquid nitrogen and instead of doing something useful with it, he just dumps it on the floor. It quickly vaporizes and does nothing but make his carpet really cold. Oh yep. I got it and was just trying to make a joke in response. Womp womp.
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Aug 5, 2016 02:04
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Cojawfee posted:If you were trying to figure out what it was referring to, it's a video of a guy talking about cooling his mining rig. He has a big dewar liquid nitrogen and instead of doing something useful with it, he just dumps it on the floor. It quickly vaporizes and does nothing but make his carpet really cold. And to his benefit, didn't get asphyxiated in the relatively enclosed space.
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Aug 5, 2016 03:36
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Moridin920 posted:it's all about the dogecoin 
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Aug 5, 2016 03:39
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