Like you really seem to think that computers just allow you to beam money directly from point A to ponit B, like you are so used to making online payments that you think the money is just going in one end of the internet and out the other.
― signed, J.P. Morgan CEO (Hurting 2), Thursday, January 23, 2014 1:17 PM (5 minutes ago) Bookmark Flag Post Permalink
this depiction of me as some button pushing rube that implies you as the knowledgeable counterpart is so ridiculous, you shd goto reddit where theyve got all this stuff totally figured out
― lag∞n, Thursday, 23 January 2014 18:31 (ten years ago) link
like you literally have no idea what the costs associated with moving money around the world are, you should start by admiting that, then try to build an argument from there
― lag∞n, Thursday, 23 January 2014 18:33 (ten years ago) link
can't you guys see that this bitcoin beef is tearing us apart
― second set all dead boys covers (underrated aerosmith bootlegs I have owned), Thursday, 23 January 2014 18:33 (ten years ago) link
http://www.theguardian.com/global-development/2013/jan/30/africans-pay-most-send-money
average cost of remittance paid btw Tanzania and Kenya is 22%. But no problem, the established players in that market will just lower their fees to 3% to compete. NBD.
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 23 January 2014 18:42 (ten years ago) link
I could send you any amount of bitcoin that I owned (for the record, I own none), right now, at no cost, anywhere in the world, instantaneously.
don't you have to 'tip' someone to verify though
― frogbs, Thursday, 23 January 2014 18:42 (ten years ago) link
Maybe you should go set up a service in Tanzania and Kenya. Charge like 15% -- you'd undercut the competition and make a killing. I'm sure it barely costs anything to start such an operation, you just need computers so you can send money back and forth.
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 23 January 2014 18:44 (ten years ago) link
― signed, J.P. Morgan CEO (Hurting 2), Thursday, January 23, 2014 1:42 PM (12 seconds ago) Bookmark Flag Post Permalink
like i already totally explained upthread bitcoin is not competing with that, its competing with the other internet based services, i mean its not competing with anything at all right now, its non functional, paypal et al work
― lag∞n, Thursday, 23 January 2014 18:46 (ten years ago) link
And all I ever said that it was possible that it could be competitive in the future.
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 23 January 2014 18:46 (ten years ago) link
im sure there are already millions of people all over the world getting remittance via the net and avoiding those fee but that requires the infrastructure that bitcoin also requites
― lag∞n, Thursday, 23 January 2014 18:47 (ten years ago) link
they don't get remittances "via the net" they get them via a service via the net, a service that requires a lot more infrastructure to do a transfer than bitcoin does
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 23 January 2014 18:49 (ten years ago) link
im sure there are people who have the internet and computers who are taking advantage of internet service like paypal in just the same way you or i would
― lag∞n, Thursday, 23 January 2014 18:51 (ten years ago) link
we are going in circles here
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 23 January 2014 18:52 (ten years ago) link
soon via the penetration of smart phones thn number of people who can do that will be pretty much all of them, there wont be any storefront money wirer nessisary
― lag∞n, Thursday, 23 January 2014 18:52 (ten years ago) link
circles round the coin
― i have the new brutal HOOS if you want it (BIG HOOS aka the steendriver), Thursday, 23 January 2014 18:53 (ten years ago) link
poll which one of you is being trolled rn
hurting owns bitcoins is my working theory
― lag∞n, Thursday, 23 January 2014 18:57 (ten years ago) link
Total speculation, but I'd say there's at least a 50/50 chance Bitcoin (or another crypto-currency like it) survives in some form. I wouldn't buy Bitcoins as an investment though.
― o. nate, Thursday, 23 January 2014 19:19 (ten years ago) link
i cld see the technology of bitcoin being useful and even crypto currencies surviving in the gray/black market but its a non starter as a major consumer tool imo
― lag∞n, Thursday, 23 January 2014 19:20 (ten years ago) link
I own zero bitcoins
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 23 January 2014 19:26 (ten years ago) link
dogecoins?
― lag∞n, Thursday, 23 January 2014 19:41 (ten years ago) link
umm...with regard to dogecoins...HEY LOOK OVER THERE!
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 23 January 2014 19:43 (ten years ago) link
you have to throw the stick
― lag∞n, Thursday, 23 January 2014 19:46 (ten years ago) link
http://lh5.ggpht.com/RuY2VEJLX2UuilVj2-xYIpv1wcvDzx_hy5zP0cX8Ize079WcEQsNggARrpguRc-TmACLo_RjnetCXNVSN51ovjrGqPWHAfgZPlbn%3Ds630
― signed, J.P. Morgan CEO (Hurting 2), Thursday, 23 January 2014 19:51 (ten years ago) link
the ole hurting gives a TED talk while lagoon heckles from the back row routine
― Sufjan Grafton, Friday, 24 January 2014 03:10 (ten years ago) link
http://ariannasimpson.com/post/74400025051/this-is-what-its-like-to-be-a-woman-at-a-bitcoin
― socki (s1ocki), Friday, 24 January 2014 22:28 (ten years ago) link
http://www.businessweek.com/news/2014-01-27/men-tied-to-silk-road-bitcoin-exchange-subject-of-u-dot-s-dot-charges
Kind of surprised Bharara went after this guy, seems like a stretch. Maybe he wants to press him for info.
― Burt Stuntin (Hurting 2), Monday, 27 January 2014 19:33 (ten years ago) link
http://business.time.com/2014/01/27/bitinstant-ceo-charlie-shrem-arrested-for-alleged-money-laundering/
― Emperor Cos Dashit (Adam Bruneau), Monday, 27 January 2014 22:36 (ten years ago) link
Russia Bans Bitcoin
― Elvis Telecom, Saturday, 8 February 2014 01:28 (ten years ago) link
The Central Bank of Russia reiterated that the official currency is the Ruble, and that it considers Bitcoin a money surrogate. That’s why the cryptocurrency should be aboided
― socki (s1ocki), Saturday, 8 February 2014 16:24 (ten years ago) link
Interesting. Mt. Gox now claiming that the problems that took it offline are related to a flaw in the Bitcoin protocol itself:
http://dealbook.nytimes.com/2014/02/10/bitcoin-exchange-struggles/?_php=true&_type=blogs&_r=0
― o. nate, Monday, 10 February 2014 15:31 (ten years ago) link
The ultimate win for the future is for people to just stop using currency in general and everyone just gets food and shelter and things and we throw away our wealth hoarding consumerist culture - like in Star Trek
Anyway I'm not sure why people think bitcoin is really any different than something like frequent flyer miles or something - anything can have value right? Havent people used things like shells for currency? Money is an idea we all believe in - but more and more it seems like technology is helping some people hoard more and more of it
― Brian Eno's Mother (Latham Green), Monday, 10 February 2014 16:11 (ten years ago) link
This is the best (somewhat technical) explanation of what's going on that I've been able to find:
http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/cf99yac
― o. nate, Monday, 10 February 2014 16:21 (ten years ago) link
Things are getting interesting in Bitcoinland:
http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29
― o. nate, Tuesday, 11 February 2014 18:26 (ten years ago) link
John LawMod> Scott Bateman •an hour ago − ⚑ John Law simply shrugs his shoulders and buys more digicoins with his morning paper. 8 △ 1 ▽
⚑
John Law simply shrugs his shoulders and buys more digicoins with his morning paper.
8 △ 1 ▽
How many digicoins is your morning paper worth?
― an enormous bolus of flatulence (jon /via/ chi 2.0), Tuesday, 11 February 2014 19:03 (ten years ago) link
anyone into dogecoins?
― calstars, Sunday, 16 February 2014 21:04 (ten years ago) link
good domain name for magic the gathering soon to be available
― Matt Armstrong, Tuesday, 25 February 2014 03:43 (ten years ago) link
http://i.imgur.com/kvzCnG8.jpg
― Brian Eno's Mother (Latham Green), Tuesday, 25 February 2014 15:26 (ten years ago) link
http://money.msn.com/business-news/article.aspx?feed=AP&date=20140225&id=17378845&ocid=ansmony11
probably a good time to buy bitcoin right now really
― Brian Eno's Mother (Latham Green), Tuesday, 25 February 2014 15:27 (ten years ago) link
it's never a bad time to buy bitcoins
― iatee, Tuesday, 25 February 2014 15:27 (ten years ago) link
iiiinteresting
https://blockchain.info/address/1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew
― frogbs, Tuesday, 25 February 2014 15:28 (ten years ago) link
I'm surprised it bounced back as much as it has -- it was as low as $400 last night, now it's at $517.
― Burt Stuntin (Hurting 2), Tuesday, 25 February 2014 15:34 (ten years ago) link
frogbs, explain?
it appears that 782,556 BTC just went through some wallet which means a ton of BTC (like, 3-4% of all that could ever exist) is being tumbled (laundered) as we speak
― frogbs, Tuesday, 25 February 2014 15:39 (ten years ago) link
― iatee, Tuesday, February 25, 2014 10:27 AM (12 minutes ago) Bookmark Flag Post Permalink
lol
― lag∞n, Tuesday, 25 February 2014 15:40 (ten years ago) link
― frogbs, Tuesday, February 25, 2014 3:39 PM (10 minutes ago) Bookmark Flag Post Permalink
Bruce Sterling @bruces Protected Tweets 18m
*It would also be poetic if a genius embezzler stole 744,000 Bitcoins that, through his own theft, were reduced to utter worthlessness.
― i have the new brutal HOOS if you want it (BIG HOOS aka the steendriver), Tuesday, 25 February 2014 15:51 (ten years ago) link
was wondering what happens to the value once all of the bitcoins are stolen
― lag∞n, Tuesday, 25 February 2014 15:52 (ten years ago) link
simply supply and demand if the supply goes to zero the price approaches infinity
― iatee, Tuesday, 25 February 2014 15:52 (ten years ago) link
New message up:
Dear MtGox Customers,
In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.
Best regards,MtGox Team
https://www.mtgox.com
― o. nate, Tuesday, 25 February 2014 15:53 (ten years ago) link
In the event of recent news reports
― i have the new brutal HOOS if you want it (BIG HOOS aka the steendriver), Tuesday, 25 February 2014 15:56 (ten years ago) link