From the description I could kind of see him just being weird and eccentric and constipated about the whole thing. Maybe he doesn't like the way bitcoin has gone and doesn't want to profit from it or something.
― james franco tur(oll)ing test (Hurting 2), Thursday, 6 March 2014 16:33 (ten years ago) link
frogbs otm, just a weird question to leave hanging without pointing out that converting btc to real dollars at that rate is impossible and would destroy the market
― max, Thursday, 6 March 2014 16:34 (ten years ago) link
But he could easily sell off a mil or two without causing a blip, I'd think. Why not just do that?
― james franco tur(oll)ing test (Hurting 2), Thursday, 6 March 2014 16:34 (ten years ago) link
(a million united states of amerikkka fiat dollars worth I mean)
― james franco tur(oll)ing test (Hurting 2), Thursday, 6 March 2014 16:35 (ten years ago) link
has anyone been able to do that?
― frogbs, Thursday, 6 March 2014 16:38 (ten years ago) link
Aren't there still Winklevosses etc. out there willing to pony up real cash?
― Nhex, Thursday, 6 March 2014 16:42 (ten years ago) link
Wau @ the magic the gathering reveal
― gimme the lute (upper mississippi sh@kedown), Thursday, 6 March 2014 16:43 (ten years ago) link
― frogbs, Thursday, March 6, 2014 11:38 AM Bookmark Flag Post Permalink
I don't understand why it would be difficult -- I mean just watching the trades here: https://bitcoinity.org/markets, it seems pretty clear that there's enough volume to do that, if not all in one shot, then gradually over a few days or weeks or months at worse.
― james franco tur(oll)ing test (Hurting 2), Thursday, 6 March 2014 16:47 (ten years ago) link
He doesn't have to sell it all to one dude, that's not how it works.
― james franco tur(oll)ing test (Hurting 2), Thursday, 6 March 2014 16:48 (ten years ago) link
what about a bro?
― Prostitute Farm Online (Bananaman Begins), Thursday, 6 March 2014 16:49 (ten years ago) link
fyi, the numbers are "mBTC" not bitcoin, so 49,232 = 49 and change bitcoins, not 49 thousand. Still, that's like $30,000 in a single trade, a few minutes ago.
― james franco tur(oll)ing test (Hurting 2), Thursday, 6 March 2014 16:49 (ten years ago) link
well we do know that a lot of people trade them back and forth to manipulate the price. I've heard of ppl who 'cashed out' at a total of $20k or so which is nice but I have yet to hear of the early miners who got six figures out of it. not saying they don't exist, just that I don't know if the market could handle say someone trying to get a million USD out of it
― frogbs, Thursday, 6 March 2014 17:05 (ten years ago) link
https://bitcointalk.org/index.php?topic=413349.0illuminating
― PSY talks The Nut Job (forksclovetofu), Thursday, 6 March 2014 17:06 (ten years ago) link
xp they quote a guy in the article who said he bought "a nice apartment" with the money he cashed out of bitcoin.
― james franco tur(oll)ing test (Hurting 2), Thursday, 6 March 2014 17:07 (ten years ago) link
Intelligent people "cash out" gradually as the price increases, and do things like buy lambos http://i.imgur.com/MkuABq5.gif
― death and darkness and other night kinda shit (crüt), Thursday, 6 March 2014 17:09 (ten years ago) link
"a man potentially worth 1000 million dollars,"
or worth a billion dollars?
I tell you now is the time to buy bitcoin yo - dont be a FOOL!!
― Brian Eno's Mother (Latham Green), Thursday, 6 March 2014 17:09 (ten years ago) link
you can xp to things that look like onion articles or whatever but i don't see how much further down the bitcoin rabbithole you can go than this; url says it all
http://blogs.marketwatch.com/thetell/2014/03/05/winkelvoss-twins-pay-richard-branson-in-bitcoins-for-virgin-galactic-tickets/
― PSY talks The Nut Job (forksclovetofu), Thursday, 6 March 2014 17:09 (ten years ago) link
The Japanese pronunciation of "Gox" sounds quite similar to an extremely vulgar phrase meaning "gulping down shit". Just putting that out there for y'all.
― Jersey Al (Albert R. Broccoli), Thursday, 6 March 2014 17:19 (ten years ago) link
whoops, I meant to post that in the real thread, not this lamestream NPR-ready one.
― Jersey Al (Albert R. Broccoli), Thursday, 6 March 2014 17:22 (ten years ago) link
I agree that obviously magic tha gathering online exchange was nto teh best place to spark the internet virtual currency revolution
it was what Kurzewil would call the "false pretender"
http://www.kurzweilai.net/the-future-of-libraries-part-1-the-technology-of-the-book
― Brian Eno's Mother (Latham Green), Thursday, 6 March 2014 17:22 (ten years ago) link
Not exactly the best way to lend an air of seriousness to your project, in any case.
― james franco tur(oll)ing test (Hurting 2), Thursday, 6 March 2014 17:53 (ten years ago) link
newsweek article doesnt seem that convincing in describing either this person's theoretical-political motive or suggest any specific cryptography background (all the prior shrill detective pieces about this suggested an academic background)
as it is there is someone of a fairly common japanese name who might not like the govt and works with computers? has anyone more adept that newsweek adduced more evidence?
― Thanks in anticipation of your opinions (nakhchivan), Thursday, 6 March 2014 18:07 (ten years ago) link
well he also implicitly claims to be the guy by saying he's "no longer" involved with it or whatever, but it's definitely possible that he's pulling their legs
― james franco tur(oll)ing test (Hurting 2), Thursday, 6 March 2014 19:11 (ten years ago) link
I do think that concerns about his safety are not unwarranted. I think one of the weaknesses of Bitcoins is that they are a nice fat target for thieves, kidnappers, extortionists, etc., do to the ease of instantly transferring enormous sums and the irreversibility of transactions. It is kind of like having $100 million in cash in your house.
― o. nate, Thursday, 6 March 2014 19:35 (ten years ago) link
the bitcoin world is giving me weird crossover vibes with that game that came out recently castle doctrine
― anonanon, Thursday, 6 March 2014 19:41 (ten years ago) link
i'm just curious, how much actual $$$ is there in the bitcoin ecosystem right now ?
― frogbs, Thursday, 6 March 2014 20:06 (ten years ago) link
I do think that concerns about his safety are not unwarranted. I think one of the weaknesses of Bitcoins is that they are a nice fat target for thieves, kidnappers, extortionists, etc., do to the ease of instantly transferring enormous sums and the irreversibility of transactions. It is kind of like having $100 million in cash in your house.― o. nate, Thursday, March 6, 2014 11:35 AM (28 minutes ago)
― o. nate, Thursday, March 6, 2014 11:35 AM (28 minutes ago)
I bet RockStar/GTA gamedevs are sad that they didn't weave a Bitcoin thread into their game fabric.
― Jersey Al (Albert R. Broccoli), Thursday, 6 March 2014 20:06 (ten years ago) link
How do you define "how much actual $$$ is there in the bitcoin ecosystem"?
― james franco tur(oll)ing test (Hurting 2), Thursday, 6 March 2014 20:07 (ten years ago) link
"Meanwhile, bitcoin has lost just 3% in the last 24 hours, according to data from CoinMarketCap, down to $649 per coin and with a market cap of just under $8.1bn."
― anonanon, Thursday, 6 March 2014 20:09 (ten years ago) link
i didnt think that question through
what i meant was, if everyone were to 'cash out', how much money would there be that was pumped into BTC for them to get back. of course so much of the same money has gone back and forth and if everyone wanted out the value would obviously be $0 so it's a dumb question
― frogbs, Thursday, 6 March 2014 20:09 (ten years ago) link
― james franco tur(oll)ing test (Hurting 2), Thursday, March 6, 2014 8:07 PM (49 minutes ago) Bookmark Flag Post Permalink
thought this said 'egosystem,' didn't blink
― i have the new brutal HOOS if you want it (BIG HOOS aka the steendriver), Thursday, 6 March 2014 21:00 (ten years ago) link
I wish you could sell chickens and get bitcoins
― Brian Eno's Mother (Latham Green), Thursday, 6 March 2014 21:13 (ten years ago) link
I have 0.04 BTC, please send chickens
― American Fear of Pranksterism (Ed), Thursday, 6 March 2014 21:17 (ten years ago) link
http://www.latimes.com/business/technology/la-fi-tn-bitcoin-founder-la-chased-20140306,0,3692933.story#axzz2vDojDoCt
― Brian Eno's Mother (Latham Green), Thursday, 6 March 2014 21:50 (ten years ago) link
― james franco tur(oll)ing test (Hurting 2), Thursday, 6 March 2014 19:11 (2 hours ago)
the micha quotes do suggest a crypto background is fairly likely
who knows
hopefully a tv news crew vigil will ensure his security anyway
― Thanks in anticipation of your opinions (nakhchivan), Thursday, 6 March 2014 21:56 (ten years ago) link
lol can't believe newsweek doxed a guy who went under his OWN NAME
― socki (s1ocki), Thursday, March 6, 2014 11:00 PM (Yesterday) Bookmark
Listen... when an artist on the magnitude of Satoshi Nakamoto has requested to live a private life, people should respect that. I feel the same way about the greats of the world who have secluded themselves from the turmoil of the modern world.... Salinger, Jandek, and what. Just because you want to laugh at a bunch of fedora wearing cryptogeeks doesn't give you the right to trample all over this man's privacy.
― 龜, Friday, 7 March 2014 01:25 (ten years ago) link
woah...nakamoto is the jandek of pretend money
― gimme the lute (upper mississippi sh@kedown), Friday, 7 March 2014 02:39 (ten years ago) link
New interview with Dorian S. Nakamoto in which he claims he had never even heard of bitcoin until three weeks ago when his son mentioned it to him, after the journalist interviewed him, and that he was misunderstood when he said he was "no longer involved in that". He thought the question was about his former classified defense work:
http://www.sfgate.com/business/technology/article/AP-Exclusive-Man-denies-he-s-Bitcoin-founder-5295378.php
― o. nate, Friday, 7 March 2014 03:45 (ten years ago) link
could they have really just gotten it so dreadfully wrong? looking back at the newsweek story there's not exactly a smoking gun. Also there's stuff like this: "The punctuation in the proposal is also consistent with how Dorian S. Nakamoto writes, with double spaces after periods and other format quirks."
"double spaces after periods" is one of the signature identifying quirks worth emphasizing?
― anonanon, Friday, 7 March 2014 04:14 (ten years ago) link
as someone who has read a lot of Satoshi Nakamoto's writing when i fell down a deep rabbit hole six months ago, i am extreeeemely doubtful that Dorian is the guy.
― sean gramophone, Friday, 7 March 2014 05:39 (ten years ago) link
Man selling home for $135,000 in Dogecoinshttp://edition.cnn.com/2014/02/26/tech/innovation/dogecoin-cryptocurrency-tech-irpt/index.html
― ( X '____' )/ (zappi), Friday, 7 March 2014 14:27 (ten years ago) link
Dogecoin (pronounced DOHJ-coin)i thought it was DOHG-AY!
― Nhex, Friday, 7 March 2014 14:36 (ten years ago) link
lol dogecoins - anythign can be a coin now
Thomas Jefferson's anuscoins
― Brian Eno's Mother (Latham Green), Friday, 7 March 2014 14:38 (ten years ago) link
so the real Satoshi (whose account dates back to 2010) just came out of hiding to say he's not Dorian (which of course proves nothing), but reading about this guy it seems very unlikely that he's the real dude, in which case LOL @ Newsweek for blowing your big comeback cover story, this is such an amazing thing
― frogbs, Friday, 7 March 2014 15:05 (ten years ago) link
yeah the more I read the less likely it seems that this guy is satoshi and the more lulzy the whole thing seems
― james franco tur(oll)ing test (Hurting 2), Friday, 7 March 2014 15:06 (ten years ago) link
idk getting a ton of attention for a splashy and bad story sounds like they finally did learn how to succeed in 2014
― iatee, Friday, 7 March 2014 15:09 (ten years ago) link
relevant PBF:
http://i.imgur.com/HRJNgLN.jpg
― frogbs, Friday, 7 March 2014 15:12 (ten years ago) link
wow prescient
― Angkor Waht (Neil S), Friday, 7 March 2014 15:30 (ten years ago) link
'apologies to pbfcomics.com'
Here's the real one: http://pbfcomics.com/45/
― bizarro gazzara, Friday, 7 March 2014 16:23 (ten years ago) link
hah didnt even notice it was different
― frogbs, Friday, 7 March 2014 16:36 (ten years ago) link