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angrytech posted:Did you mean fishmech by any chance? It is pretty much a Ponzi scheme, though - increasing profits that cannot be sustained and have absolutely no possibility of not crashing in the future. What's driving me crazy is that idiot with $9000 of hardware in his kitchen COULD make a killing - if he sold out right now. However, most people can't shake the feeling that "if I just stayed in longer, I could make SO MUCH MORE!" - and he'll probably keep them until the bubble bursts and then he'll have a bunch of valueless internet dollars. Didn't someone say that they did research and you already can't actually sell the things? Also, why do these people not understand that any money they make on this will essentially be stolen from the other people who sell on the wrong side of the bubble?
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May 25, 2011 20:29
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man thats gross posted:If you start here ^^^, generating and buying up BTC with ease, and sell them here ^^^, you are going to make a lot of money. If you start when BTC are trading at $6 USD per, then the market goes to poo poo because the early adopters who purchased these stupid things for next to nothing and generated them with the greatest of ease think it's not going to get any higher drop their load, thus flooding the market, thus sending the price of these god drat things into a downward spiral to hell, you are going to lose a lot of money. That is because the early adopters have it all.
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May 25, 2011 21:03
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Baddog posted:You're also kind of thinking of the coins as something to be held in and of themselves (the use of terms like "mining" and the deflationary aspect doesn't help that), but the currency uses are more interesting.
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May 25, 2011 21:06
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Baddog posted:There are no intermediaries for whatever "sensitive" activity you want to use them for, which is the important stage. And if it catches on, you might never need to convert them to another currency. What exactly is your argument? You keep using one liners and I can't understand the general point you're trying to make - what do you think BitCoins are useful for?
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May 25, 2011 22:13
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The Brown Menace posted:His argument is he bought Bitcoins, and all us suckers investing and speculating in normal things like actual not internet fake money currencies or stocks are gonna be mad when he's laughing all the way to the bank once the BRIC countries choose Bitcoins as their common currency.
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May 25, 2011 22:22
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spidoman posted:5 MILLION DOLLARS WORTH OF BITCOINS! If you buy $5 million of something for $3000, it wasn't worth $5 million.
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Jun 20, 2011 19:18
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man thats gross posted:Funny story: Given the $1,000 daily limit and $10,000 monthly limit, it would take you 41 years and change to withdraw $5,000,000 worth of BitCoins. Also you'd be crashing the market slowly with every sale.
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Jun 20, 2011 19:24
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spidoman posted:Haha, I just bought "5 million dollars" worth of bitcoins. Roll back is a terrible idea. They are pretty much talking to the Bernie Madoff of pretend money.
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Jun 20, 2011 19:26
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Mux posted:Bruce Wagner just got a text informing him he is in bitcoin debt now. "There's a lot of mental thought going into this"
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Jun 20, 2011 19:31
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The Bible posted:I love how they refer to mtgox as "Mount Gox". Guess they aren't too proud of the legacy of their financial exchange. Wait is it Magic the Gathering Online Exchange or something?
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Jun 20, 2011 19:34
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gregday posted:Yes. The currency of the future is being traded at a place designed to trade internet magic cards. This is a thing.
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Jun 20, 2011 19:37
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Anyone have an idea of what the current price of a bitcoin is? Is there a place to look?
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Jun 20, 2011 19:41
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"People are saying that this is a fiat currency" Umm...it is one. In what way is it not?
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Jun 20, 2011 19:43
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This guy is saying a million times "I don't want people to get screwed. I also want my money. I am clearly going to abandon my principles here."
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Jun 20, 2011 20:02
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Xenomorph posted:You shouldn't have typed it in caps!! Yeah, I got blammed for saying WAIT, and I was going to make the next line not all caps. Quite unfortunate. Also, he keeps saying "virgin".
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Jun 20, 2011 20:29
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 This. This is the face of Bitcoin.
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Jun 20, 2011 20:42
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Sten Freak posted:Wait, so the guy calling in was just some dude who made (or tried to execute) a massively profitable trade? And the guy in the chair is the guy who runs MtGOX? Who are the characters is this tragicomedy? The guy on the feed benefitted from a cheap trade. Summary: MTGOX only allows you to move $1000 a day or $10000 a month. The person who hacked them attempted to sell a very large number of bitcoins from his stolen accounts to other MTGOX users for the lowest possible value - $0.01. This would crash the economy on MTGOX for bitcoins, hopefully down to $0.01 (hopefully from the hacker's perspective, at least). Then, he could easily transfer his remaining bitcoins into his own wallet, as $1000 would then be 100,000 bitcoins. Then, when the market recovered, he could make a LOT of money. This guy saw the cheap bitcoins for sale, and he bought a LOT of them. He bought stolen goods and he's trying to argue that he should get to keep them and he doesn't have a reason why but he REALLY wants them.
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Jun 20, 2011 20:57
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Murderion posted:Are these people trying to restore confidence in the bitcoin? They're sounding bored and confusing as poo poo. And they're raising shittons of doubt in the primary exchange of bitcoins. Mostly, they are believing the guy on the TVs spin. The hacker probably still has some stuff. Also, why do they all talk about this asset as if it is liquid. YOU CANNOT GET YOUR MONEY OUT.
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Jun 20, 2011 21:04
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Devian666 posted:They can reverse the transactions on the exchange but not any bitcoins that have been sent out of the exchange. Am I right in guessing that there is absolutely no protection from MTGOX just taking everyone's bitcoins and putting them into their own wallet?
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Jun 20, 2011 21:06
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pathetic little tramp posted:So wait can't he just transfer them to his wallet and then sell them someplace like TradeHill or one of the secret kiddieporn collectives or something? Or are his buttcoins still in Mtgox? Everyone at MTGOX is held to the per-day and per-month limit. This "rich" guy cannot get at his money, which means he isn't actually rich. edit: Is their show currently broadcasting an empty room?
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Jun 20, 2011 21:30
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Hahaha I just remembered that kid who got brain damage from this. Tomorrow, somebody will have both: 1. Bitcoins valued at $no money 2. Irreparable brain damage
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Jun 20, 2011 21:35
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What is amazing is that MOST Let's Play videos are more professional than this Bitcoin thing.
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Jun 20, 2011 22:25
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! Unironic use of sheeple! edit: There's no economists, they are all computer people. (except economists say this is stupid and you are stupid)
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Jun 20, 2011 22:32
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Good Citizen posted:Holy poo poo, the people on right now are calling people 'sheeple' unironically and saying that 'sheeple' who don't understand economics were the cause of the downturn The idiot doesn't understand - that is what the economists are predicting.
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Jun 20, 2011 22:34
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Devor posted:"I guess we better feed the fat gay kid" said one of the gentlemen on the screen, out loud. One of them is a COMEDIAN who goes by "phatgaykid" on youtube. If this is the gay agenda I say we stop the gays right away.
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Jun 20, 2011 22:42
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This man loves bitcoins, he was in one of the chairs earlier complaining about being hungry: http://www.youtube.com/watch?v=sE3PQ0gIiJE&feature=player_profilepage This is another face of Bitcoins. Only you can help. For only 3 bitcoins a day he can outwit all the sheeple.
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Jun 20, 2011 23:14
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Nibiru posted:Mt. Go got hacked and an account with 400kcoins got its coins sold, dropping the price to $0.01. "Kevin" bought them on the cheap, but Mt. Gox crashed and plans to roll back the trades. Kevin is pissed and wants to sue. The two of them have been pissing on each other on the forums (the forums are the best part of this). It is also important to know that this man appeared on camera on the Bitcoin show and they consider him VERY funny: http://www.youtube.com/watch?v=gwjIvOYNtuk&feature=related
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Jun 21, 2011 16:05
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you rock posted:In on all that bitcoin action This bitcoin show is like the parts of 24 they didn't show where Jack went to the bathroom ALL THE TIME.
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Jun 21, 2011 23:53
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Rudager posted:Don't forget the Bitcoin7 guys who can't figure out why using floating point numbers to store the account balances and trades isn't a good idea. What makes floating point so bad for this situation?
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Jun 22, 2011 07:25
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This was said:quote:"The same idea as mining actual gold, you have to put in actual work. INstead of the work of slaves in africa, you put in computer processing power"
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Jun 22, 2011 20:02
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Quote collection: I tried to nab them the second they happened:quote:"They don't print them(money) anymore, they just type 0s on their computer and they get more." edit: It is REALLY, REALLY hard to troll subtly, because everything they say is so ridiculous it takes restraint not to openly mock it. I did get them to turn the volume up loud, though. That was pretty funny.
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Jun 22, 2011 20:58
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Furious Mittens posted:You forgot my favorite: It's hard to get them all as every single thing they say is insane. Also, I lost a lot of quote time trying to get them to break everyone's ears with the volume. I find the best way to troll them is with ALMOST correct punctuation sprinkled lightly with smilies and lols. You don't come across as a smart guy or as a smart guy trying to act dumb.
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Jun 22, 2011 21:02
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The screen currently unironically says "el show de bitcoin"
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Jun 22, 2011 21:05
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Furious Mittens posted:I think the only people who can still be in the chat with Twitter are those leftover from the show that didnt get banned. Once they logout, I bet it will take away the Twitter option. The only option is to never log out. I love how this is exactly like a real TV station, where shows are often delayed a full hour because the hosts were eating lunch.
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Jun 22, 2011 21:22
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ChubbyEmoBabe posted:I don't know why but I had a feeling the "mom" yesterday was his. Did she seem disappointed in someone? That would solidify the connection. We are all talking to our new best friend Josh AKA PhatGayKid.
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Jun 22, 2011 21:46
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Rockybar posted:No its Marlene and the chat room is going wild for her thighs. I finally got banned.  How do I fix my ip? Man, I thought nobody was moderating.
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Jun 22, 2011 22:41
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GidgetNomates posted:I've fallen behind on all this bitcoin news, what are bitcoins currently """"""worth""""""? I used to just peek in at the Mt Gox charts but I obviously can't do that right now. Between 12 and 18 dollars, officially. But since the market isn't flowing and everyone is going to pull out when MTGOX comes back up, nothing.
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Jun 22, 2011 22:52
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Cao Ni Ma posted:They're worth slim jims, some pitas at a grill and more jerky. With the exchanges down or horrible they're is really no reason to be using bitcoins as its mostly a commodity. But NOT Burritos. This is important.
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Jun 22, 2011 22:55
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ayekappy posted:At the end of the day, the guy still has a hot rear end girl to gently caress and he made lots of money off of nothing in a pretty short period of time... what have you done? Marlene said she could learn to love a gringo I still have hope. edit: I can't seem to sign in with Facebook in Tor.
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Jun 22, 2011 23:03
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| # ¿ Apr 19, 2024 06:34 |
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OK, Manny doesn't deserve to lose his bitcoins. He is awesome and is my true soulmate and I'm not even gay.
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Jun 22, 2011 23:22
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