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GameCube
Nov 21, 2006



trucutru posted:

BTW, if you check any big thread in r/bitcoin and search for Rassah, your are pretty likely to hit gold. He just loves to whiteknight the big players, like some sort of furry, dumb Smithers. It's a shame he doesn't post more often.

he broke down in PMs at me about his dog dick coffee table once. i forget which of my dozen accounts it was on though

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GameCube
Nov 21, 2006



lol he apparently got shadowbanned for this http://www.reddit.com/r/Bitcoin/com...plan_to/cn74ovz

too terrible for reddit

JFairfax
Oct 23, 2008

by Nyc_Tattoo


CSM
Jan 29, 2014


https://www.youtube.com/watch?v=lEBP9dpVM70

Sham bam bamina!
Nov 6, 2012

ƨtupid cat


Gravy Boat 2k

300 million milrays

computer toucher
Jan 8, 2012



CSM posted:

Amazing.

Lol PrivateInternetAccess...

I had their service for a while, and I grew a bit suspicious so I took a look with wireshark. Sure enough, the client said all is good and VPN'd up the rear end, but everything was going out as plaintext. An external IP lookup confirmed this.

You had one loving job.

I guess it's perfect for bitcoin.

stinch
Nov 21, 2013


Buglord

Ron Paul Atreides posted:

They didn't halt it though, lol, it took like a day before they told people to stop sending to them,

Love the system that let's you send money into memory holes without realizing it, with absolutely no way to recover them never gets old

Also means stolen coins can just move once out of the victims control then sit forever. The victim can see their coins but has no way to ever retrieve them.

creatine
Jan 27, 2012





Lain Iwakura
Aug 5, 2004

The body exists only to verify one's own existence.


Taco Defender

Owlofcreamcheese posted:

Vault of Satoshi is Closing. (self.vos)
submitted 7 minutes ago by vos_team - stickied post
Vault of Satoshi will be closing on February 5th, 2015. Although new deposits will no longer be accepted, rest assured, you will have plenty of time to finalize any trades and withdraw any outstanding funds with all of the convenience and expeditiousness that you’re used to. Please ensure that all of your withdrawal requests are submitted by February 5th.
We expect there will be some speculation as to why the Vault is going to be sealed forever, and we’d like to reassure the community that it has absolutely nothing to do with insolvency, stolen funds, or any other unfortunate scenario. To this day we are proud to have run the first full proof-of-reserve exchange in the industry, with strict compliance and security regimes. Our decision stems from opportunities presented by a new business that has forced us to reexamine our priorities.
Our founders and team of developers began work on a new, non-cryptocurrency project about 6 months ago, which has since become quite successful. We are forced to make a choice on where to expend our efforts, as we simply do not have time to continue operating both businesses. We feel splitting our focus would be a disservice to the customers of Vault, so although our competitors may lack some of the features, currencies, and innovations that Vault brought to the Canadian market, they will serve you well for your basic exchange needs.
We are still true-believers, and think Satoshi Nakamoto has set in course something that will change the world for the better. Thank you loyal Vault customers for joining us on one of the most exciting adventures of our time! There’s no doubt that this is just the beginning, and we will continue to watch from the sidelines as history unfolds, with Bitcoin becoming more understood, accepted, and appreciated every day.
Sincerely,
The Vault of Satoshi Team

exploded mummy
Sep 10, 2008

Anytime I need to see your face I just close my eyes
And I am taken to a place
Where your crystal minds and magenta feelings
Take up shelter in the base of my spine
Sweet like a chica cherry cola

-Cheap Trick


Doctor Rope


Greyhawk
May 30, 2001




CES just isn't going to be the same without the Box of Fans TM

Boxturret
Oct 3, 2013

"..fight the mighty bearwhale by throwing all their money at it

then much celebrating occurred after the bearwhle left after eating all their money

i still don't get it"

-Me on Sept 20th, 2015

is there something wrong with bitcoinity or does someone really want to sell their coins for a hundred million dollars on bitfinex

exploded mummy
Sep 10, 2008

Anytime I need to see your face I just close my eyes
And I am taken to a place
Where your crystal minds and magenta feelings
Take up shelter in the base of my spine
Sweet like a chica cherry cola

-Cheap Trick


Doctor Rope

Boxturret posted:

is there something wrong with bitcoinity or does someone really want to sell their coins for a hundred million dollars on bitfinex

someone has to gently caress up one time!

trucutru
Jul 9, 2003

Invoking fairy dust is not a crime.


Greyhawk posted:

CES just isn't going to be the same without the Box of Fans TM

Hey, BFL is still active. This year they will present a cloud-based box of fans.

FCKGW
May 21, 2006

aaaaaaaaaa
AAAAAAAAAAA
HHHHHHHHH!!!!!!!!



theflyingexecutive
Apr 22, 2007




yessssssssssss

Sham bam bamina!
Nov 6, 2012

ƨtupid cat


Gravy Boat 2k

laughed, literally, aloud

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value



gonna need to see a truck full of butts driving by before u get my 5.

or dogecar

Erenthal
Jan 1, 2008

A relaxing walk in the woods

Grimey Drawer


I'd give a 5, but MtGox took them all. I'm in the process of buying a ticket to Tokyo right now.

FCKGW
May 21, 2006

aaaaaaaaaa
AAAAAAAAAAA
HHHHHHHHH!!!!!!!!



TVarmy posted:

gonna need to see a truck full of butts driving by before u get my 5.

or dogecar

i have paint.net im not that skilled

JFairfax
Oct 23, 2008

by Nyc_Tattoo



can someone post this to the reddit?

Malloc Voidstar
May 7, 2007

Fuck the cowboys. Unf. Fuck em hard.

Marc Andreessen Tweeted A Thing

26 tweets posted:

Some thoughts on the state of Bitcoin, cryptocurrencies, and distributed transaction and trust networks at start of 2015!
A year ago I articulated my views on Bitcoin in the New York Times, and I wouldn't change a word today: http://dealbook.nytimes.com/2014/01...n-matters/?_r=0

Over the last several months of 2014, there were three Bitcoin counter-narratives that I will describe and analyze:
First, what I call the "dumb" critique: "Bitcoin BTC currency price dropped to below $300, proving Bitcoin is a stupid idea."
Same class of critics slamming BTC for price falling in 2014 were slamming BTC for price rising in 2013. Only consistency is the slamming.
Further, the critique that BTC is bad because it was down in 2014 changes completely if one uses a 2-year window instead of 1-year window.
BTC was below $14 in Jan 2013. If 1-year performance has been disappointing, 2-year performance has been spectacular.
As a general rule, arguments that rely on cherry-picking specific date windows are not very good arguments.

The second critique I call "smarter": "BTC is too volatile -- it goes up and down too much and so cannot be used as a store of value."
This is largely correct at the moment, and yet misses most of the point of Bitcoin as a distributed transaction and trust network.
Bitcoin was specifically designed to use speculation early on to overcome the normal chicken/egg boostrapping problem for new networks.
Attacking Bitcoin for having speculative levels of volatility is missing the point of how the system was designed for this point in time.
Now, yes, in the long run, BTC does need to stabilize -- which I think will happen with a combo of scale + use of derivatives (hedging).
In the short run, Bitcoin is still highly useful as a transaction and trust network in many uses cases even with high volatility.
For example, payment applications of BItcoin don't require users/merchants to hold BTC for any period of time. All benefits still gained.
Further, all other uses cases of Bitcoin and the blockchain are unhampered by volatility of BTC. The system continues working just fine.
Net net, the network boostrapping process is happening pretty much exactly as Satoshi designed and anticipated. It's a thing of beauty.

The third critique I call the "innocent" one -- "Are there enough sufficiently compelling uses cases for Bitcoin to succeed at scale?"
I previously identified many uses cases here http://dealbook.nytimes.com/2014/01...itcoin-matters/ ranging from ecommerce to remittance to micropayments to anti-spam.
Two particular areas of focus today are A use outside the US where currencies + banks are often awful, and B machine-to-machine payments.
At our venture firm, we continue to see an escalating stream of fascinating new Bitcoin uses cases and applications from entrepeneurs.
In addition, there are entirely new vistas of technological creativity opening up, such as sidechains http://www.blockstream.com/sidechains.pdf .
The price of BTC has very little to do with the level of creativity of thinking that's going into new Bitcoin apps, or their usefulness.
By loose analogy, the price of domain names didn't determine the usefulness of the Internet. This is a broad-based technology phenomenon.
What to watch in 2015: New apps, new use cases, international adoption, consumer education, technological innovation & spinoff ideas!
Final thought: The entire Bitcoin system is 6 years old. TCP/IP was 6 years old in 1981. Big things take time. Onward!
Bitcoin is speculation but that's okay because it was designed to be (I'm pretty sure it wasn't)

Boxturret
Oct 3, 2013

"..fight the mighty bearwhale by throwing all their money at it

then much celebrating occurred after the bearwhle left after eating all their money

i still don't get it"

-Me on Sept 20th, 2015

Aleksei Vasiliev posted:

Bitcoin is speculation but that's okay because it was designed to be (I'm pretty sure it wasn't)

quick check the bible white paper

Ursine Asylum
Jul 10, 2012

dreaming of that face again

it's bright and blue and shimmering

grinning wide and comforting me with it's three warm and wild eyes


FCKGW posted:

i have paint.net im not that skilled

it was one of the old gifs

e: heh

Boxturret
Oct 3, 2013

"..fight the mighty bearwhale by throwing all their money at it

then much celebrating occurred after the bearwhle left after eating all their money

i still don't get it"

-Me on Sept 20th, 2015

                                                                                           praise be to satoshi
                                                                                           /

BangersInMyKnickers
Nov 3, 2004

I have a thing for courageous dongles



lmbo yeah that totally irrelevant criticism of massive volatility in a loving currency

Ursine Asylum
Jul 10, 2012

dreaming of that face again

it's bright and blue and shimmering

grinning wide and comforting me with it's three warm and wild eyes


BangersInMyKnickers posted:

lmbo yeah that totally irrelevant criticism of massive volatility in a loving currency

commodeity

Boxturret
Oct 3, 2013

"..fight the mighty bearwhale by throwing all their money at it

then much celebrating occurred after the bearwhle left after eating all their money

i still don't get it"

-Me on Sept 20th, 2015


um it's clearly a protocol just like tcp/ip

BangersInMyKnickers
Nov 3, 2004

I have a thing for courageous dongles



also yes bitcoin was 100% designed for speculation from day one because it is in perpetual deflation thanks to the limit to the currency supply. it might not have been intentional due to Idiots Who Don't Know A Thing but they love to call it a currency and then did absolutely everything in their power to ensure that it will never be one

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value



considering Bitcoin started out at a worth of zero USD per coin, if you are honest instead of cherry picking time windows like the past year, Bitcoin promises an infinite roi. you might not like libertarianism or cryptography, but imagine how many baubles you could buy with infinite money.

Weatherman
Jul 30, 2003

SCREECH




TVarmy posted:

considering Bitcoin started out at a worth of zero USD per coin, if you are honest instead of cherry picking time windows like the past year, Bitcoin promises an infinite roi. you might not like libertarianism or cryptography, but imagine how many baubles you could buy with infinite money.

did u know that when you walk somewhere u never reach it? thats becaus you cover half tge distance, then half the distance again , and so on. there are infinity steps to take. makes u think

Ursine Asylum
Jul 10, 2012

dreaming of that face again

it's bright and blue and shimmering

grinning wide and comforting me with it's three warm and wild eyes


Weatherman posted:

did u know that when you walk somewhere u never reach it? thats becaus you cover half tge distance, then half the distance again , and so on. there are infinity steps to take. makes u think

zeno's shuffle-step

seen in real life when attempting to get a bitcoiner to take a shower

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value



bitcoin likes to pose as different entities to dodge criticism.

high volatility makes people say it's a dumb currency? well, it's actually a speculative investment destined to reach the moon.

it's been going down at a freefall with no real signs of recovery for months? well, you were never supposed to get rich from it. it's a currency meant to serve as a unit of account.

we should regulate Bitcoin like money or an investment based on your pitch? no, Bitcoin is actually a novelty collectable of no interest to the government like baseball cards. nothing to see here officer.

bitcoin seems designed for money laundering and thus could enable terrorism, organized crime and child pornography? no, all transactions are public.

so Bitcoin means legitimate users would have no privacy? no, Bitcoin is anonymous.

it's called a cryptocurrency because of its similarity to the freakish cryptozoological chimera.

GameCube
Nov 21, 2006



what the hell is roger ver up to these days anyway

Boxturret
Oct 3, 2013

"..fight the mighty bearwhale by throwing all their money at it

then much celebrating occurred after the bearwhle left after eating all their money

i still don't get it"

-Me on Sept 20th, 2015

As a Millennial I posted:

what the hell is roger ver up to these days anyway

aparently harassing people via an ipad on a stick

computer toucher
Jan 8, 2012



Boxturret posted:

aparently harassing people via an ipad on a stick

this made me laugh. good post.

Boxturret
Oct 3, 2013

"..fight the mighty bearwhale by throwing all their money at it

then much celebrating occurred after the bearwhle left after eating all their money

i still don't get it"

-Me on Sept 20th, 2015

it's true

surebet posted:

roger-ver-on-a-stick gives out thermal paper bits

https://www.youtube.com/watch?v=_GB-lm2fnMw

theflyingexecutive
Apr 22, 2007



mothefucker I hate marc andreesen so much

surebet
Jan 10, 2013

avatar
specialist




trucutru posted:

BTW, if you check any big thread in r/bitcoin and search for Rassah, your are pretty likely to hit gold. He just loves to whiteknight the big players, like some sort of furry, dumb Smithers. It's a shame he doesn't post more often.

lol self insurance

that p much only makes sense when your asset pool is large enough to dilute the risk, like a governmental size car fleet

right off the bat in a lot of cases the opportunity loss caused by locking 30-65k in a security bond with the state versus actually having that money working for you is in the neighbourhood of the insurance payments you<re trying to avoid, then you need to do an actuarial risk assessment and tack on the cash value of risk

of course, the solution to this in bitcoin land is murder monetary velocity and just hodl all your money

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theflyingexecutive
Apr 22, 2007



tcpip lets you send information around the world, bitcoin lets you send worthless information around the world for $6 per transaction

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