Bitcoins

(I have wanted to seastead since I was 8, though)

I think "100 bits" of bitcoin is about 4 cents.

it's like 50 haircuts and shaves
but only individual hairs

http://motherboard.vice.com/read/mike-tyson-is-getting-his-very-own-bitcoin-atm

http://smile.amazon.com/gp/product/?ASIN=B014RD021C

http://www.reuters.com/article/us-australia-bitcoin-stakes-idUSKBN0TS1FQ20151209

I still think the most likely candidate is Nick Szabo. This Wright guy seems like a hoaxer who most likely planted the (easily faked) evidence himself.

but who created dogecoin!!>!

Lol

https://m.reddit.com/r/DarkNetMarkets/comments/4w9wcb/any_vendor_accepting_dogecoin/

http://i.imgur.com/Wd49uPH.png

Click this image to see the word "No."

ethereum and dash have tripled and sextupled their value since jan 1.

seems like buying a bit coin a few years ago might have been a good idea

i got really curious about investing in ethereum back in march but held off because, i don't know, it seemed like the kind of idiotic thing i'd regret doing later.

http://i.imgur.com/5hhRHUX.png

instead i took my $100 and lost at all on fanduel

http://www.cnbc.com/2017/05/25/bitcoin-surges-10-percent-to-all-time-high-above-2700.html

I mined some bitcoin in 2011 on bitcoinplus but it turned out to be a swindle and no one ever got their bitcoin - goes to show what happnes when a govt cannot back a currency

But if fun from the FT:

https://ftalphaville.ft.com/2017/05/22/2189145/how-to-value-bitcoin-with-a-traditional-valuation-measure/

Premise is he value of bitcoin should correlate with the global money laundering index published by the International Center for Asset Recovery. Conclusion 238% overvalued.

This shit is making it difficult to time drug-buying.

I think bitcoin should be seen as something like gold - a non-stable value precious metal - oh I wonder if Glen Beck will start on some bitcion shit now

lol the £0.01 coinbase gave me for signing up is now up to £1.50

feels good to be a titan of fx trading

now reinvest half of that

ANother thing that CHina is the world's factory for

https://www.nytimes.com/2017/09/13/business/bitcoin-mine-china.html?rref=collection%2Fsectioncollection%2Ftechnology&action=click&contentCollection=technology®ion=stream&module=stream_unit&version=latest&contentPlacement=3&pgtype=sectionfront

Great time to buy imo

how deliciously contrarian!

I’m very comfortable with the current correction

And so it goes ...

https://www.nytimes.com/2017/11/27/technology/bitcoin-price-10000.html

Uh what's going on?

late era capitalism iirc

late?

https://en.wikipedia.org/wiki/Tulip_mania

i don't think you could ever pay for your drugs with tulips
poppies maybe

if only magic the gathering online exchange was still around to regulate bitcoin transactions

They only lost 800k of them
Someone do the math

$13 billion worth

gonna try not to think about the fact that I could have been paid in part in BTC at my last job but opted out

so part of this is due to the Tether coin, a new cryptocurrency based on the US dollar, wherein each coin is worth $1 apiece

I believe one of the Bitfinex guys invented it. essentially giving himself the license to just print millions of dollars

and yes this is all very illegal. I know someone who works in the BTC space who thinks that this dude is going to jail and everyone's going to get goxxed again. next few weeks may be interesting.

btw I know everyone's feeling a lot of FOMO on this but it's kind of insane to think that someone would have bought in at like $300 and continued to hold past the $1k mark, given bitcoin's history

this whole thing is so strange - BTC is accepted pretty much nowhere these days, the whole appeal is in its Ponzi-scheme like properties, where everyone thinks they're getting in at the right time

my mom asked me if she should buy a bitcoin

xp - it's accepted for buying drugs. I'm sure that's not the biggest part of the movement these days but it is a usage that's not going anywhere any time soon. The feds could probably crater a significant chunk of the Bitcoin user base by legalizing weed.

I found the password to my old wallet and I have a whopping .07. A significant amount of money right now but also small enough that I'm willing to let it ride and see what happens.

yea my guess is there's a new Silk Road out there that isn't getting publicized on 60 minutes. plus you can get on poker/sportsbetting websites with it. but IIRC the first bitcoin "boom" happened as a bunch of businesses clumsily started accepting it which gave the illusion that this thing was gonna be like PayPal in a few years. now it's just....wheeeeee!!!

Ok it’s over 18k now, what the hell

I have 0.04 on an old iPhone which I now think its worth my while to work to get off. Can't just transfer it off because the wallet is a little deprecated. The fact that what cost me 10 dollar in a carpark after a blockchain meet up a few years ago is now worth nearly 1000AUD is insane. Time to liquidate.

Jeez, the spare change that I had left in my account after buying brain drugs is now worth almost enough to buy more brain drugs!

Pro tip: liquidate and put it towards retirement funds or bonds, not brain drugs

I find it entirely unsurprising, btw, that the biggest YMO and Scooter fan in our village is also the most informed observer of the cryptocurrency scene. frogbs, if you ever make it out my way, I have to buy you a beverage.

I was going to put mine toward regular drugs, is that okay?