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Tenzarin
Jul 24, 2007
.
Taco Defender

It just hit the first bear trap.

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shame on an IGA
Apr 8, 2005

BENGHAZI 2 posted:

Afaik there are still no confirmed snuff films in existence

Western producers can't compete profitably in this trade environment with Islamic State dumping all over the market

mojo1701a
Oct 9, 2008

Oh, yeah. Loud and clear. Emphasis on LOUD!
~ David Lee Roth

Have BitCoiners launched their satellite into orbit to protect their blockchain yet?


COMRADES posted:

The problem is so many exchanges and whatnot have either been shut down or robbed or stole from their customers outright so unless you just have your own secure wallet (and kept the passwords for it for years) odds are good your BTC stash would have disappeared at some point between now and the last several years.

When people say Bitcoin is "volatile," they don't mean just in terms of fluctuations, but in the same way that RAM is volatile because a power outage at the wrong time can erase it all.

BENGHAZI 2
Oct 13, 2007

by Cyrano4747
Remember the exchange that was hosted on a non-stick cloud drive and when he rebooted it everyone's coins vanished

poverty goat
Feb 15, 2004



regular porn sites actually take bitcoin now because a lot of people are happy to pay if it won't show up on their credit card statement

you retards

poverty goat fucked around with this message at 00:40 on Jul 23, 2017

Stefan Prodan
Jan 7, 2002

I deeply respect you as a human being... Some day I'm gonna make you *Mrs* Buck Turgidson!


Grimey Drawer
You know, when you pay for regular porn

Like we all do I'm sure

Think Thin!
Sep 17, 2006
Bitcoin = Winning

lol at all the salty retards not realising

MAGA

Buttcoin purse
Apr 24, 2014

Solice Kirsk posted:

Banks aren't above getting hacked either. Pretty sure something brought down Chase and Bank of America for an entire day this month.

Did everyone with accounts there lose 30% of their balances?

poverty goat posted:

regular porn sites actually take bitcoin now because a lot of people are happy to pay if it won't show up on their credit card statement

Porn site shows up on your credit card statement? Wife leaves you.

Bitcoin exchange shows up on your credit card statement? Bank closes your account.

Why not both? Get rid of your credit card and only use bitcoin, then kick your wife out because she'll complain about bitcoin because females don't understand things to do with money :smuggo:

Waffle House
Oct 27, 2004

You follow the path
fitting into an infinite pattern.

Yours to manipulate, to destroy and rebuild.

Now, in the quantum moment
before the closure
when all become one.

One moment left.
One point of space and time.

I know who you are.

You are Destiny.


Think Thin! posted:

Bitcoin = Winning

lol at all the salty retards not realising

MAGA

Look man, I know you played EVE Online, but at some point gross market manipulation of a shadow currency *may* come back to bite you in the rear end when someone gets wise to the game, just saying.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

poverty goat posted:

regular porn sites actually take bitcoin now because a lot of people are happy to pay if it won't show up on their credit card statement

you retards

What kinda porn you like?

LinYutang
Oct 12, 2016

NEOLIBERAL SHITPOSTER

:siren:
VOTE BLUE NO MATTER WHO!!!
:siren:

Tenzarin posted:

It just hit the first bear trap.

if that's the case this is a great time to buy

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

Burt Sexual posted:

What kinda porn you like?

I like the ones with big tits

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Comfy Fleece Sweater posted:

I like the ones with big tits

I didn't ask u, but good choice.

Did you pay bitcoins?

Bacon Terrorist
May 7, 2010

to ride eternal, shiny and chrome

THUNDERDOME LOSER 2022
Anyone paying for porn in TYOOL 2017 is an idiot.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Bacon Terrorist posted:

Anyone paying for porn in TYOOL 2017 is an idiot.

Tbf paying with bitcoin really isn't

Goa Tse-tung
Feb 11, 2008

;3

Yams Fan

poverty goat posted:

regular porn sites actually take bitcoin now because a lot of people are happy to pay if it won't show up on their credit card statement

you retards

lmao

hip check please
Jan 11, 2012

BENGHAZI 2 posted:

Afaik there are still no confirmed snuff films in existence

The videos the Dnepropetrovsk maniacs made technically count as snuff as they were made for commercial purposes.

Jeffrey of YOSPOS
Dec 22, 2005

GET LOSE, YOU CAN'T COMPARE WITH MY POWERS

COMRADES posted:

The problem is so many exchanges and whatnot have either been shut down or robbed or stole from their customers outright so unless you just have your own secure wallet (and kept the passwords for it for years) odds are good your BTC stash would have disappeared at some point between now and the last several years.

this is the refrain of goons who made 100% wrong predictions over and over for years fleetingly trying to hold on to the thought that maybe they didn't miss out because of their "lmfao the money is computer" groupthink

Jeffrey of YOSPOS
Dec 22, 2005

GET LOSE, YOU CAN'T COMPARE WITH MY POWERS
don't forget epic responses like "oh yeah how many xbox ones do you own???"

divabot
Jun 17, 2015

A polite little mouse!

Jeffrey of YOSPOS posted:

don't forget epic responses like "oh yeah how many xbox ones do you own???"

so what was your investment, and how did it do?

(I have just made £460 from my IBO)

BENGHAZI 2
Oct 13, 2007

by Cyrano4747

Jeffrey of YOSPOS posted:

this is the refrain of goons who made 100% wrong predictions over and over for years fleetingly trying to hold on to the thought that maybe they didn't miss out because of their "lmfao the money is computer" groupthink

No it's what actually happened

vortmax
Sep 24, 2008

In meteorology, vorticity often refers to a measurement of the spin of horizontally flowing air about a vertical axis.

Jeffrey of YOSPOS posted:

this is the refrain of goons who made 100% wrong predictions over and over for years fleetingly trying to hold on to the thought that maybe they didn't miss out because of their "lmfao the money is computer" groupthink


Fortune posted:

a third of bitcoin trading platforms have been hacked, and nearly half have closed in the half dozen years since they burst on the scene.

Thanks for your wonderful book, divabot!

Waffle House
Oct 27, 2004

You follow the path
fitting into an infinite pattern.

Yours to manipulate, to destroy and rebuild.

Now, in the quantum moment
before the closure
when all become one.

One moment left.
One point of space and time.

I know who you are.

You are Destiny.


It turns out it takes eight figures of stolen bitcoins to make the Feds blink and reconsider their hands-off approach

The dude got turned in by his girlfriend or whatever because he couldn't stop stealing laptops to scam bitcoins from people. A true EVE Online player.

GuitarJunkie
Sep 8, 2004

"Boy, have we got a vacation for you."

quote:

-- I am in Japan and have deposited 12.499 million Yen (about USD 122,000) at MtGox from October to December 2013. I currently have 175 BTCs and 13,000 Yen in cash at their exchange. I also have a Premium status account. Please let me know how to proceed. That was most of my retirement money.

-- My name is xxx and I live in Sweden, Malmö. I am writing for me and for my girlfriend and my dad. We all bought and sold bitcoins a last years and made some money. We have taken out some money when we need to and right now me and my girlfriend was going to buy a house and start a family so we tried to withdraw the money in January. Since the money didn't show up after 4 weeks I tried to contact them but still nothing. I hope that together with you and some others get at least some money back. If you need any proof of the withdrawals or such I can provide some of it. We had in total $49000 on the accounts.

-- have about 90 BTC and no USD in my mtgox account, which I would very much like to receive back at some point. It's only just sinking in that it might all be gone.. I can't believe I waited so long before getting it out somewhere safe, but.. here we are.

-- Hey there, I am interested in being a plaintiff as well. I had about 70k in Mtgox in Dec due to the price explosion in November and attempted to withdraw some funds since I wasn't comfortable having that amount hosted there. I ran into the withdrawal issue back in Dec and opened a support ticket in which I got the run around until they finally officially announced what the problem was. As the moment, I don't have any $$ in Mtgox but around 180 BTC. My stomach has been in knots all week :-(

-- Hi, My name is xxxxxx and I am from California (if that matters). I have about 650 BTC in Gox. I haven't slept in days and haven't been able to tell my wife how much I've lost. I was an early adopter, just mining in my basement, and I can't imagine all of my time and work vanishing like this. Please contact me with what I need to do

-- I am a French citizen. I would like to know how to try and join you in reclaiming my lost funds. I had almost 100.000 EUR in my account. It will be a complete disaster for me if it is stolen.

-- I cannot reasonably afford to lose the funds I have at Mtgox. I currently hold the majority in USD, but also significant amounts of EUR and BTC.

-- I'm a student and this is almost all of my money I have left (I actually have a lot of debt, which I intended to pay back with that money). I'm really panicking right now and not sure what to do!!!

-- I'm in Tokyo as well and I lost ~8 BTC and 500,000 in JPY. Please let me know how your case progresses and whether at any time you think it would be possible to get others involved. I really hope I can get at least some of that money back. I need it.

-- Hey, I'd like to get involved in this as well. Gox has yet to deliver a withdrawal of funds from late last year and currently has all my coins locked up because of their withdrawal lock. Email is below, let me know if you need any other info. Thanks

-- (originally I tried to withdraw $30,000.00, but Mt.Gox cancelled my withdraw and asked me to change to GBP. Funds never arrived--> Mt.Gox confirmed they were unable to wire funds, but funds are not re-instated to my account. Mt.Gox admits in the e-mail funds are mine.)

-- I found your post just today after the Gox closed the site. I had 10,200 USD with them, which I traded just last week for gox coin. I initially deposited USD from bank account on November 2013, and traded on Gox just about 2 weeks ago, not knowing there was a trouble to withdraw any BTC from them. I do have screen shots from last week from trading and all my history since November 2013. My initial deposits in November have been 8000 USD and 2200 USD, so whatever trading I did in last weeks was for vain since gox did not let any BTC out of the site. Current standing on my account is about 27 BTC and around 2200 USD but since gox coin was never a real BTC, as I just learnt recently, I consider Gox owing me 10200 USD which I initially deposited.

-- I wish to be include in the class action lawsuit, I an non-us (EU) and have lost 50 BTC and 24,600€.

-- I would like to join the lawsuit if there is any chance of getting the either the BTC or EURO-equivalent at the price determined at the time of judgement.

I would be thankful for any news / suggestions / ideas.

Thank you very much

-- I want to participate. I have 85 BTC on Mt Gox.

-- Please update me and let me know, which further steps I have to take to participate.

-- I had $28500 in, and purchased 50btc @ $570. So now I have the 49.7btc still in and no fiat. Have been waiting for withdrawal to resume to clean myself of gox forever.

-- I was very lucky, having pulled out the bulk of my btc holdings from gox in mid-January.

-- Please respond if whether I can or can't participate.

-- I have 37 BTCs and wnt to be part of your lawsuit. Please send me more details.

-- i too am a Gox victim. I have 69 BTC stuck on Gox. At this stage i would be very reluctant to take such a haircut and convert to USD.

-- I have roughly $100K in my account, so it might be worth it for the lawyer to squeeze me in.

-- I have 50BTC in MTGOX and would be interested in joining. If yes, how large would the fees be?

-- If Mtgox is indeed gone and finished, I would like to know what the status of this suit is and who I can contact regarding it. I had about 111.777 BTC on gox.

-- I have 158 btc on MtGox and would like to take part to your lawsuit.

-- Most of our holdings were in bitcoin, and at market rates on other exchanges, I had over $40,000 while my friends had $300,000 to 400,000.

-- I have 154 BTC and 0 USD in MTGOX.

-- I live in Malta but would like to know what my options are for joining your case?

-- Hey. Mt. Gox has owed me roughly 1,800 USD for more than 6 months. Two transactions. One they're claiming technical difficulties to Dwolla which never went through, and one they just never sent to my bank.

Waffle House
Oct 27, 2004

You follow the path
fitting into an infinite pattern.

Yours to manipulate, to destroy and rebuild.

Now, in the quantum moment
before the closure
when all become one.

One moment left.
One point of space and time.

I know who you are.

You are Destiny.


Still totally not a scam, guys. Goons are super wrong.

Solice Kirsk
Jun 1, 2004

.

Buttcoin purse posted:

Did everyone with accounts there lose 30% of their balances?


Of course not. Because they're gigantic institutions with trillions of held dollars and tons of oversight and compliance regulations. My point is that if the cryptocurrency market can develop some sort of self regulatory committee or find some sort of insurance coverage for lost/hacked coins, then it will take off. The issue is people that are into BTC and ETH and the like are mostly into it because it doesn't have that regulation. I think if it was going to fail it would have failed by now, but there's still limited growth potential because of the highly speculative and insecure nature of the individual markets. It's basically a super expensive penny stock pretending to be a currency.

Thorgot
Apr 4, 2010

Waffle House posted:

It turns out it takes eight figures of stolen bitcoins to make the Feds blink and reconsider their hands-off approach

The dude got turned in by his girlfriend or whatever because he couldn't stop stealing laptops to scam bitcoins from people. A true EVE Online player.

quote:

But if Price did have millions in bitcoin, as the Morning Call wondered, why was he so cash-broke he was stealing laptops and hocking $30 jewelry?
:iiam:

Sentient Data
Aug 31, 2011

My molecule scrambler ray will disintegrate your armor with one blow!
Because 0.13371488 is 8 figures of bitcoin

gary oldmans diary
Sep 26, 2005

Jeffrey of YOSPOS posted:

this is the refrain of goons who made 100% wrong predictions over and over for years fleetingly trying to hold on to the thought that maybe they didn't miss out because of their "lmfao the money is computer" groupthink
really salty about how you totally would have been a bitcoin billionaire if not for those blasted goons

Stefan Prodan
Jan 7, 2002

I deeply respect you as a human being... Some day I'm gonna make you *Mrs* Buck Turgidson!


Grimey Drawer
Here's the thing about bitcoin:

It might go up, none of us is saying it might not go up to 30,000. Dutch tulips bulbs went up like you wouldn't believe!

But there is absolutely no way to tell if it will or won't, you're playing dice with a magic die where you can't tell how many sides it has. There is no way to tell at any given point whether it's a good invesmtent.

It has some utility but it's priced way higher than that, it's priced based on people just thinking that other people think it will keep going up. As far as I can tell that's the definition of a speculative bubble.

Goa Tse-tung
Feb 11, 2008

;3

Yams Fan

Jeffrey of YOSPOS posted:

this is the refrain of goons who made 100% wrong predictions over and over for years fleetingly trying to hold on to the thought that maybe they didn't miss out because of their "lmfao the money is computer" groupthink

wait the computer is money? lmfao

gary oldmans diary
Sep 26, 2005
let me counter with: in hindsight i can clearly see all the right moves i could have made and the rare opportunities ive read about where people managed to cash out with literal cash and i definitely would have made all those moves if not for goons

i stay awake every night (for years now) thinking about the time a stock i was aware of quadrupled in value because right before that happened i should have bought and right after it happened i should have sold

Beef Turret
Jul 9, 2009

by Lowtax
Coulda been rich if I hadn't listened to loving goons in 2009 :cripes:

Collateral Damage
Jun 13, 2009

gary oldmans diary posted:

let me counter with: in hindsight i can clearly see all the right moves i could have made and the rare opportunities ive read about where people managed to cash out with literal cash and i definitely would have made all those moves if not for goons
Even if you have that level of precognition there are still better investments than bitcoin. Investments that you can actually cash out.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Stefan Prodan posted:

Here's the thing about bitcoin:

It might go up, none of us is saying it might not go up to 30,000. Dutch tulips bulbs went up like you wouldn't believe!

But there is absolutely no way to tell if it will or won't, you're playing dice with a magic die where you can't tell how many sides it has. There is no way to tell at any given point whether it's a good invesmtent.

It has some utility but it's priced way higher than that, it's priced based on people just thinking that other people think it will keep going up. As far as I can tell that's the definition of a speculative bubble.

Wait, I was told itt that bitcoins are not an investment, but currency.

mojo1701a
Oct 9, 2008

Oh, yeah. Loud and clear. Emphasis on LOUD!
~ David Lee Roth

Burt Sexual posted:

Wait, I was told itt that bitcoins are not an investment, but currency.

But someone (maybe in this very thread) told me it doesn't matter which it is because it's "'free' 'money'" that can only go UP!

divabot
Jun 17, 2015

A polite little mouse!

Burt Sexual posted:

Wait, I was told itt that bitcoins are not an investment, but currency.

Bitcoin is a blunt spork: it does all the jobs, but worse than any sensible alternative. Also it's made of gallium, so it melts if you try to do any real work with it.

Litecoin is a spork made of cardboard.

Ethereum is a coffee machine with seventeen different levers, and whichever ones you pull it only gives you a cup of the cleaning fluid.

Zcash is a Pound Shop corkscrew that breaks on its second use.

Dogecoin is a water bowl on the floor. The bowl is empty. Much sorry, very loss.

vortmax posted:

Thanks for your wonderful book, divabot!

:kiss:

Going well, my IBO is ticking along nicely. Current nightmare: everything to do with the cover colours, because all RGB renditions of CMYK are malicious lies, and printers are actually more of an evil mistake than computers in general. When that's nailed, I'll put an epub up on SmashWords for all the Kindle-hating Linux users.

I did a podcast with the Financial Times yesterday evening, that should be up today some time (keep an eye on FT Alphaville). That's the class of press coverage I like.

Solice Kirsk
Jun 1, 2004

.
Because of inflation all money can only go up! That's what inflation means. For instance, if you bought 1950's dollars they would be worth way more today because the worth of a dollar in the 1950's was worth more than a dollar is today because of inflation. Basically, savvy investors buy currency (such as BTC) early and then sit on it until it becomes worth more (this is why some old quarters and dimes are worth tens of dollars). This is called "dollar cost averaging." Ask anyone in finance if dollar cost averaging is a good strategy and they'll back me up on this.

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

Benjamin Franklin, in his will, left a city a few dollars and in a couple centuries they turned into like a million dollars. It's the same with bitcoin, idiots

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Solice Kirsk
Jun 1, 2004

.

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