Bitcoins

buy some fuckin heroin w/ your bitcoins

you can! but I will invest them for my children's children

Balance: 0.07409062 BTC

better buy a monocle

comes w/ the heroin ime

Ten piece for a champ, bass pipe comes free
If people out there are not hip to the fact
If you see somebody gettin Bitcoins for smack
he's the
http://www.screwthestatusquo.com/storage/post-images/letters/monopoly%20guy.gif?__SQUARESPACE_CACHEVERSION=1273091093189

so what happens when someone hacks the server that keeps a log of each bitcoin's transactions

The point is there is no server.

oh okay. so how does this part work

The Bitcoin solution uses cryptography and an open transaction register. Whenever you spend a Bitcoin, you cryptographically sign a statement saying that you have transferred the coin to a new owner and you identify the new owner by their public crypto key. Whenever they need to spend the coin, the new owner uses his private key to sign it over to some further owner. As soon as a transaction takes place, the recipient (who has a very strong incentive to ensure that you don't spend the coin twice) publishes the transaction to the global Bitcoin network. Now every Bitcoin user has incontrovertible evidence that the coin has been spent, and users won't accept that coin from anyone but the new owner.

I was totally going to buy a couple of these on a whim, but I had to sign up to some kind of paypal knockoff site, and put in my bank account details, now I have to wait for their stuff to go through, etc. blech

whenever you buy say some acid from wavygravy, you tell the world using your digital signature that you are giving wavygravy five bucks,
so now everyone knows that wavygravy has five more dollars and you have five less dollars, I think that's how it works.

how do you tell the world? who keeps a record of this?

guys...I have an idea...what if we monetized suggest bans

so wikipedia sez they use a p2p distributed database to keep track of transactions. seems that if somebody found some way to hack this system then they'd be in business

Forget piracy, U.S. government is going after Bitcoin

I believe it!

0.07759571 BTC

Balance: 0.07990394 BTC
come one 0.080000!!!

BTUs from GPUs exceeding BTCs...

http://www.dailytech.com/article.aspx?newsid=21877

thanks for the link!

Turning ur Bitcoins into Butthurtcoins...

it would have been gr8 if you bought alot and sold at peak - perfect! TOTAL VICTYRY!
I WON ALL!

Wasn't this basically one of the plot threads in Cryptonomicon?

that dream has come troo

Balance: 0.08853843 BTC

What machine are you mining on Latham, and how long since you started?

just using bitcoinplus.com for a few weeks

The user known as "allinvain" is a long-time contributor to the Bitcoin forums. He says he's been mining Bitcoins for over a year, and had amassed a fortune of 25,000 BTC. This was a modest sum a few months ago, when Bitcoins were worth pennies, but over the last two months the value of a Bitcoin skyrocketed to around $20, which means 25,000 BTC would have been worth half a million dollars. "I remember watching the price like a hawk," he wrote.

And then disaster struck. "I just woke up to see a very large chunk of my bitcoin balance gone," he wrote. "Needles [sic] to say I feel like I have lost faith in bitcoin." He speculated that a Windows security flaw may have allowed the culprit to gain access to his digital wallet. "I feel like killing myself now," he said.

wow the payout amount just went way down - good thing I was an early adopter!

Balance: 0.09034359 BTC

psyched for .01 party

.1 duh

BIT DIM EHEAVEN!!!!!!!

Not sure which quote is more depressing, tbh:

"Needles to say"

or

"I feel like killing myself now"

"I feel like killing myself now"

Are we sure this isn't Morrissey?

http://www.doobybrain.com/wp-content/uploads/2010/05/i-hate-myself-mug.jpg

Bitcoin value plummets as main exchange is hacked

Inside the Mega-Hack of Bitcoin: the Full Story

oh nooes!
still it sounds like it was the exchange that was hacked, not the actual cryptography of the bitcoin

love it

Yeah, although wasn't MtGox the only game in town for turning bitcoins into $?

Seems like a) nobody trusts it any longer and b) it's even easier than people feared to crash the value of bitcoins, especially with some early adopters out there holding huge sums.

I think the main usefulness of it will be not having to turn it into $

There are other exchange places for turning bitcoins into $, but none is as big as Mt GoX was. Also, this entire story is making me laugh so much because it made me realise that this currency was mainly being traded on what used to be a Magic: the Gathering exchange website (Magic:the Gathering online Xchange = Mt GoX).

always knew magic cards were going to be the eventual world currency

hope I can find my old shivan

http://hanlepedia.wikia.com/wiki/Bitcoins

There are other exchange places for turning bitcoins into $, but none is as big as Mt GoX was. Also, this entire story is making me laugh so much because it made me realise that this currency was mainly being traded on what used to be a Magic: the Gathering exchange website (Magic:the Gathering online Xchange = Mt GoX).

― Jibe, Tuesday, June 21, 2011 3:26 PM (1 minute ago) Bookmark Suggest Ban Permalink

this explains so much

Hanlepedia! An encyclopedia you can trust! :-)

lol, I was wondering what mt. gox meant.

I just thought it was a mountain

its the future of the internet