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Coffee Jones posted:Survival of the fittest. I'd just like to point out this is brilliant in its simplicity. Its like how maths can be beautiful. This is beautiful satire.
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Jun 23, 2011 22:25
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CaptainViolence posted:Yeah, but anybody who gets banned gets erased from the archive, so big chunks of the conversations are missing. Oh good. Thanks to Bruce, I can once again run for office.
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Jun 23, 2011 22:25
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Inspector_71 posted:We need a new, decentralized time zone backed by math. No, what if someone speculates on lunch time?!? 
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Jun 23, 2011 22:27
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TC_ posted:No, what if someone speculates on lunch time?!? Got my lunchtime, got yours too. You're going to have to starve so suck it up. Oh no someone stole my lunchtime, rollback rollback. What would be the worst is the speculation bubble on breakfast, lunchtime and dinner.
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Jun 23, 2011 22:30
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TC_ posted:No, what if someone speculates on lunch time?!? Or worse, Drone_FAGGER makes a post and stops time
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Jun 23, 2011 22:30
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BitTime. They better fix this mtgox poo poo fast I have coins to sell!
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Jun 23, 2011 22:31
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Pead posted:I just made a twitter account w/ a fake gmail since twitter login was enabled again. Don't bother making fake gmails. Just use this website: http://mailinator.com/
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Jun 23, 2011 22:31
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TC_ posted:No, what if someone speculates on lunch time?!? Oh poo poo, what if they hack it and it gets deleted?
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Jun 23, 2011 22:31
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ReidRansom posted:Price crashes tonight when magic the gathering online exchange reopens? Hey, that wasn't supposed to happen! ROLLBACK! Only six and a half hours to go  My main worry right now is being woken up in the night by the earth-shattering implosion of the pokemon currency exchange. "All our customers are trying to take out money and bitcoins we don't actually have? ROLLBACK! ROLLBACK! ROLLBACK!"
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Jun 23, 2011 22:32
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Good Citizen posted:Don't bother making fake gmails. Just use this website: ahh, nice. thanks
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Jun 23, 2011 22:34
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v2.spengler posted:BitTime. Why don't you sell them on tradehill? VV Interesting angle there. I just so happen to have 10000 imaginary video cards.
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Jun 23, 2011 22:39
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Molotov Cock Tale posted:Ahhahahahahah http://forum.bitcoin.org/index.php?topic=21325.0;all 400 BTC gone, now later it does seem to be a scam  but the initial libertarian position kills me there. "So someone stole ~$8,000 from you? That's life, suck it up".Libertarians  [/quote] Hmm. I've got 10 imaginary videocards. I didn't know that they were worth anything until now. Might as well flip them for imaginary money.
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Jun 23, 2011 22:40
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dietcokefiend posted:I really want this on a shirt with a lion attacking a fawn or something. Or a burly dude punching a baby out of mid air. E: make it look like a coat of arms
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Jun 23, 2011 22:43
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Reddit never disappoints
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Jun 23, 2011 22:47
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ReidRansom posted:Oh poo poo, what if they hack it and it gets deleted? gently caress you for even saying that! ClosedBSD posted:Reddit never disappoints (Inside the EFF) "What the gently caress is this?"
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Jun 23, 2011 22:47
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Jesus, I want to start reading this thread but as I clicked 'Last' I realized how loving long it is. Can someone do a quick recap of the story so far for people just tuning in?  All I know is that Bitcoins are terrible and they have a tendency to fluctuate more than a pregnant lady's mood swings.
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Jun 23, 2011 22:49
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ChubbyEmoBabe posted:Why don't you sell them on tradehill?
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Jun 23, 2011 22:50
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Nice to hear people are actually unable to unravel themselves (if they hold their coins). It's also completely insane people are still buying these in any volume. I will fall out of my chair if mtgox opens and surges.
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Jun 23, 2011 22:52
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Skype has been ringing for 5 minutes 
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Jun 23, 2011 22:55
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ChubbyEmoBabe posted:Nice to hear people are actually unable to unravel themselves (if they hold their coins). It's also completely insane people are still buying these in any volume. mtgox is going to take a massive hammering. Assuming the server hold up to the load there's going to be a lot going on. Some will just withdraw what they have in cash and bitcoins. Some will want to buy bitcoins and others sell them prior to withdrawing. Then there'll be a backlog of mined bitcoins that people will want to dump. Pretty much anything could happen. If the price has a hint of going up greed will take over.
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Jun 23, 2011 23:01
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The best (i.e. funniest) case scenario is that bitcoin value spikes for a couple minutes before the crash.
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Jun 23, 2011 23:04
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Devian666 posted:mtgox is going to take a massive hammering. Assuming the server hold up to the load there's going to be a lot going on. Some will just withdraw what they have in cash and bitcoins. Some will want to buy bitcoins and others sell them prior to withdrawing. Then there'll be a backlog of mined bitcoins that people will want to dump. I also wouldn't be surprised if it turns into some sort of Mexican standoff where no one wants to make the first move. Edit - or those with a lot invested put out high bids to bump confidence and hopefully save their money.
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Jun 23, 2011 23:06
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Still can't login to chat from work and I know nothing about changing my IP. I need bruce to unban my facebook login. If anyone is in the chat, ask bruce to unban Jesus Chrysler or at least allow twitter again.
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Jun 23, 2011 23:11
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the party god posted:Jesus, I want to start reading this thread but as I clicked 'Last' I realized how loving long it is. Can someone do a quick recap of the story so far for people just tuning in? Shortest summary: Bitcoins are the product of a possibly fictional Japanese man named Satoshi Nakamoto. They are "mined" through having computers with powerful graphics cards solve gradually more complex mathematical equations, and only 21 million Bitcoins will exist (creating an inherently deflationary currency, a major no-no). Bitcoin gained notoriety due to the press talking about how people were using a service named "Silk Road" to buy drugs online with Bitcoin, and Bitcoin's "value" skyrocketed to over $30 to 1 BTC. The big Bitcoin "currency exchange," MtGOX ("Magic: the Gathering Online Exchange," or, as they like to call it, "Mount Gox") made a killing off of taking a .65% fee off of every conversion, and had a policy of only allowing people to withdraw $1000 USD a day or $10,000 a month from their MtGOX account, supposedly to conform with money laundering laws but actually to prevent a run on the bank. The first run on the bank happened in relatively slow motion due to MtGOX holding everyone's money hostage (if you can only withdraw $1,000 a day you have an interest in keeping the bubble going artificially long) and helped prevent a full-fledged initial run on the bank. Nevertheless, prices plummeted as low as $10 USD-1 BTC before recovering to about $15. Then, MtGOX was hacked and someone took 100,000 BTC and sold them to another account of his for $.01 a Bitcoin (to conform with their "withdraw no more than $1000 a day" rule) and this crashed the market. MtGOX shut down and has had an incredibly tough time trying to rebuild itself. It instituted a "rollback" of the deal and reclaimed the "stolen" Bitcoins, but it is still sitting on at least 1.3 million dollars of other people's money, and they're no longer even completely sure what belongs to who. They're opening the market up again at 11 PM EDT tonight, and we will witness a full-scale cyber-run on the bank, It's a Wonderful Life-style. Various other exchanges have been set up to replace MtGOX, but none is that big yet. This thread has mainly been focusing on "The BItcoin Show," a webcam series by a couple of enterprising, incompetent nerds that are huge fans of this new
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Jun 23, 2011 23:17
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Patter Song posted:Shortest summary: Hey thanks for this, I kinda lost track of this thread half in so I've been only understanding half of the things said so far. This should be fun tonight, then, any idea what's going to happen when everyone rushes?
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Jun 23, 2011 23:22
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shotgunbadger posted:This should be fun tonight, then, any idea what's going to happen when everyone rushes?
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Jun 23, 2011 23:23
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shotgunbadger posted:Hey thanks for this, I kinda lost track of this thread half in so I've been only understanding half of the things said so far.
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Jun 23, 2011 23:23
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shotgunbadger posted:This should be fun tonight, then, any idea what's going to happen when everyone rushes? Probably a server crash. Possibly some people hacking away at the new and untested code. Lots of hilarity no matter what else may happen.
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Jun 23, 2011 23:25
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Wojtek posted:Servers gonna crash. Haters gonna hate
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Jun 23, 2011 23:25
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Are there any goons in this thread that are actually invested in bitcoins and want to see it succeed? Don't be afraid to out yourself!
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Jun 23, 2011 23:26
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Wojtek posted:Are there any goons in this thread that are actually invested in bitcoins and want to see it succeed? I am comedically invested in its failure. That's almost the same thing.
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Jun 23, 2011 23:28
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Wojtek posted:Are there any goons in this thread that are actually invested in bitcoins and want to see it succeed? Kane over in BFC seems to either be invested or really really really likes Bitcoins.
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Jun 23, 2011 23:30
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ReidRansom posted:I am comedically invested in its failure. That's almost the same thing. Same, but it leaves me in a weird position, emotionally. One one hand I want to blow it's load and fail all at once in a huge explosion of libertarian tears, but on the other hand I can't get enough of this slow motion train wreck that has been taking place over the last few days. So conflicted...
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Jun 23, 2011 23:31
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Wojtek posted:Are there any goons in this thread that are actually invested in bitcoins and want to see it succeed? v2.spengler has been a pretty unrelenting defender of buttcoins and mentioned having 1 tied up in mtgox right now. Good luck v2.spengler, I hope you can make a little fiat off of your coin before mtgox bites the dust! edit: Rudager posted:Kane over in BFC seems to either be invested or really really really likes Bitcoins. Kane really needs to have some Bitcoin-related toxx clause assigned to him at this point
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Jun 23, 2011 23:31
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ClosedBSD posted:Kane really needs to have some Bitcoin-related toxx clause assigned to him at this point To convince someone in Africa to accept his Bitcoin as a donation.
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Jun 23, 2011 23:34
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Wojtek posted:Are there any goons in this thread that are actually invested in bitcoins and want to see it succeed? They got angry and rated the thread 1 early on. I spend some time playing around with bitcoin stuff so I can understand what's going on, and have some bitcoins. I am, however, here to see it all burn to the ground.
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Jun 23, 2011 23:35
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Rudager posted:To convince someone in Africa to accept his Bitcoin as a donation. Give a man a bitcoin, he can buy jerky for a day. Give a man a $1000 dollar mining rig, he can buy jerky for ever before mtgox crashes
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Jun 23, 2011 23:36
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I'm just excited to see this all close out because I want to see it turn into a book that ends "and thus, like everyone expected, reality kicked internet libertarians in the teeth, yet again."
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Jun 23, 2011 23:37
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I'd actually be willing to bet AJE calls off the segment entirely. Given how little the average media person seems to understand bitcoins and the current situation - I'd imagine that somebody found out about The Bitcoin Show and went "Hey those are probably the guys that started all of this!" and set up an interview. I'd guess today someone who knows a modicum about BTC told the production staff that they were about to go interview some relative nobodies and they postponed to investigate whether or not they would in fact be wasting their time talking to Bruce.
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Jun 23, 2011 23:37
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shotgunbadger posted:Hey thanks for this, I kinda lost track of this thread half in so I've been only understanding half of the things said so far. In the long run, my (and I'm just some rear end in a top hat on the Internet) opinion is that after several attempts at this, MtGOX will end up walking away with everyone's money. They honestly don't even know who this stuff belongs to anymore and their whole "everyone can claim X account and we'll just decide ourselves who it should go to" policy is laughable. They'll end up saying "Screw it" and keeping the at least 1.3 million dollars of sweet, sweet USD themselves.
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Jun 23, 2011 23:39
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