bit¢oin$

http://i.imgur.com/U6fBu.gif

amon, that gif is beautiful.

http://austincut.com/media/files/2012/01/bitcoin-silk-road-469x400.png

Amazon Coins

so dumb

ha its like buying a gift certificate for yourself

love how amazon is like, this is an easy way for our customers to buy things

... here at the Amazon Appstore for Android on Kindle Fire.

if you don't have your own virtual currency you likely don't exist on the internet.

ilx¢oin$

just keep thinking about the Playstation online store thing where I keep getting email messages monthly reminding me I have a balance

the balance is one cent

http://i.imgur.com/hjH98LR.jpg

http://siliconangle.com/files/2011/11/bitcoin-devilrobber.png

http://i.imgur.com/6FJrFG3.png

http://i.imgur.com/l464dvr.jpg
http://i.imgur.com/iyUv99s.jpg

Just when the Cypriots were losing faith
That’s when I learned about the block chain
I still remember how it all changed
Satoshi said,
Don’t you worry, don’t you worry, child
Bitcoin has got a plan for you
Don’t you worry, don’t you worry now

http://leaksource.files.wordpress.com/2013/03/bitcoin.jpg

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

http://i.imgur.com/OGumtoL.jpg

1 bit coin is worth close to 90 bucks right now. Bought some a year or so ago for 5 bucks a piece. $$$

฿฿฿

A friend of mine told me last night that he made 250k off these.

http://www.businessweek.com/articles/2013-03-28/bitcoin-may-be-the-global-economys-last-safe-haven

http://i.imgur.com/h6gl9nM.png

mining, always a hazardous occupation

omg

how much processing power do you need to have bitcoins?!?!

CPUs do a mediocre job of it, GPUs are mostly used. So you end up with computers with as many video cards crammed in as possible.

http://www.amd.com/us/products/desktop/graphics/ati-radeon-hd-5000/hd-5850/Pages/ati-radeon-hd-5850-overview.aspx

what are they actually like ~doing~

rendering ultra-realistic images of them>??

No. At a high level, it's basically a certain type of math and algorithm that is similar to the calculations that need to be done to render 3d images also let you compare data much more quickly to find bitcoins. It's mostly a coincidence that GPUs are much better at this than a CPU, and a processor specifically designed to be good at bitcoin mining would be much better than that.

Historically this isn't that unique; the cell processor in the PS3 was a variant of an IBM design iirc, but putting together dedicated machines with those processors was less feasible than just buying a shitload of PS3s at the time as the processors weren't really built for consumers, so you ended up with server farms like this: http://www.tomsguide.com/us/ps3-air-force-usaf-playstation,news-5297.html

In the distant future, we'll obviously have 3d-printed processors on demand that you can customize for any particular task, but in 2013 that still isn't the case.

but what IS bitcoin mining, can you like, produce new bitcoins by applying enough processing power?

i dont understand this at all im just realizing

Imagine it's like finding prime numbers. Not the same, but kind of the same territory

wiki that dawg

as president of the international bitcoin mining federation i wasn't going to reveal this yet... but perhaps the time is now. every machine that has been put under the task of mining bitcoins has, in fact, been contributing secretly and without their knowledge to a far grander and more enlightened undertaking: the world's most realistic 3D rendering of the penis organ of homo sapiens. thank you. we expect to unveil the rendering by christmas

i should pitch a treasure of sierra madre remake but with bitcoins

A thousand men, say, go searchin' for bitcoins. After six months, one of them's lucky: one out of a thousand. His find represents not only his own labor, but that of nine hundred and ninety-nine others to boot. That's six thousand months, five hundred years, scramblin' over a mountain, goin' hungry and thirsty. An ounce of bitcoins, mister, is worth what it is because of the human labor that went into the findin' and the gettin' of it.

I too did not know you could "mine" bitcoins.

http://bitcoinreport.com/wp-content/uploads/2013/01/bitcoin-miner.jpeg

I too did not know you could "mine" bitcoins.

― pplains, Saturday, March 30, 2013 5:14 PM (3 minutes ago) Bookmark

where do u think they come from, pal. bitcoin trees???

http://2.bp.blogspot.com/-1BbbTVdEHAI/T1GxWVAd1yI/AAAAAAAAD-k/b-bX9QbxdhM/s1600/pimpcoin.jpg

http://news.firedoglake.com/2013/03/29/as-bitcoin-becomes-billion-dollar-market-america-moves-for-crackdown/

where do u think they come from, pal. bitcoin trees???

In a way, yeah?

Like, How much is this sack of mushrooms? Well, it's 35 B$. Ok, in my world a sack of mushrooms is fifty bucks, so the exchange for me is 7-10, but in Saudi Arabia, it's $200, so the value of my $35 is worth $200 Saudi dollars.

I didn't really think it all out, sure. Kinda got stuck on that sack of mushrooms, tbh.

Bitcoins aren't a fiat currency, really, it's just that each coin is representative of a unit of work completed. Unfortunately, that work only created a bitcoin.

do you have any idea how much work went into mining this ounce of gold

bitcoins are fiat-like tho arrnt thry

Bitcoins aren't a fiat currency, really, it's just that each coin is representative of a unit of work completed. Unfortunately, that work only created a bitcoin.

― ☠ ☃ ☠ (mh), Saturday, March 30, 2013 7:59 PM (3 hours ago) Bookmark

Howard: Well, there's no other explanation, mister. Gold itself ain't good for nothing except making jewelry with and gold teeth.

smiles

http://i42.tinypic.com/16583p.jpg

i thought this was really interesting, from the other bitcoin thread:

http://eprint.iacr.org/2012/584

Abstract: The Bitcoin scheme is a rare example of a large scale global payment system in which all the transactions are publicly accessible (but in an anonymous way). We downloaded the full history of this scheme, and analyzed many statistical properties of its associated transaction graph. In this paper we answer for the first time a variety of interesting questions about the typical behavior of users, how they acquire and how they spend their bitcoins, the balance of bitcoins they keep in their accounts, and how they move bitcoins between their various accounts in order to better protect their privacy. In addition, we isolated all the large transactions in the system, and discovered that almost all of them are closely related to a single large transaction that took place in November 2010, even though the associated users apparently tried to hide this fact with many strange looking long chains and fork-merge structures in the transaction graph.

the celebrity spam thing seemed such a weird thing to fixate on and such a weird solution

feel like if it was multiple people then accessing the 100 billion dollar pot of gold would be too tempting, odds that they were all similarly principled would be next to 0, no way that would have lasted 16 years

kind of weird that Carreyrou wrote this, but I guess some of the fuzziness does line up with some of the squishier parts of his Theranos book

there's a lot of fluff in this article that doesn't really help make any case

the celebrity spam thing seemed such a weird thing to fixate on and such a weird solution

― 龜, Wednesday, April 8, 2026 2:43 PM (eight minutes ago) bookmarkflaglink

its always funny to go back see how people think various technologies would be used, doesnt stop people from dreaming that ai is going to replace the crossing guard or whatever, basically you just gotta throw something out there and see what happens, sometimes it turns into an essential tool used by almost everyone on the planet others its just for crime and speculative investment or some combination of the two

this being an actual point in that summary article is pretty funny

Satoshi and Mr. Back both like to operate anonymously on the internet and were both big fans of using pseudonyms.

ah yes, pseudonyms and anonymity on the internet, a thing that people rarely do

both programming in c++ was pretty good too

yup. given that time period and the general requirements of the project I don't know how it couldn't be c++

tbf couldve been c

the other possible explanation for why the satoshi coin hasn't moved is that they meant to have a test blockchain with the idea they'd start again once the code was more finalized and start a new chain. then too many people started using it so the test one became the real one

so it could be test data and they didn't keep the keys or even randomly generated them because it was meant to be trashed

this is the funny version, imo

https://i.postimg.cc/pdw90W1x/Screenshot-2026-06-05-at-10-36-40-AM.png

down half from peak

ppl who follow this more than me, what is preventing this shit from freefalling at this point? are there still just enough true believers HODLing and a few big accounts waiting for a big surge before cashing in?

market manipulation by the big holders is def part of the mix if not the whole deal

i think all of this stuff is hilarious, but wasn't bitcoin at half of its peak value and trending down in late 2022?

https://i.ibb.co/dJJfMwpw/Screenshot-2026-06-05-at-10-42-09-AM.png

i hope this time it just goes away and the bubble pops, but it won't be surprising if it quadruples in value again

amazing how modern capitalism is based on outright fraud. feel like actual functional government would have cracked down on that shit like this back in the 1950s or 60s. now it’s actively promoted by our own corrupt government

tho tbf not actively promoted to the level that the crypto industry thought was coming with a second trump admin that all time high came right after the election

i hope this time it just goes away and the bubble pops, but it won't be surprising if it quadruples in value again

― z_tbd, Friday, June 5, 2026 11:44 AM (six minutes ago) bookmarkflaglink

feel like it effectively is already over like the price is whatever based on whatever factors but when was the last time you heard someone talk about crypto the push for mass adoption failed corporate interest is nonexisitant now youre left with this rump of criminals and criminal adjacent people fucking with the price and doing various scams amongst themselves, its not nothing theres still a lot of real money sloshing around in there and some powerful people involved but i do think at this point the dream is dead

that's something I was just thinking about, it's been so long since anyone's made an actual good faith argument in favor of this stuff. not to say these were good arguments in the past but at least you could kinda see where they were coming from. I think ever since NFTs hit the scene it's become clear this stuff was just straight up gambling on a Ponzi scheme which dovetailed nicely with legalized sports betting and now Polymarket and all that shit

^^^ add in “AI” and all we have is a fraud-based economy

If Zevon were still alive he could probably knock out a great song about how gambling, fraud and heavily subsidized corn were our last remaining great industries

ai took over the hype really

"gambling, fraud and heavily subsidized corn" is the chorus right there

The somewhat credible arguments for crypto are in the context of currencies in the “3rd world” which can be super volatile to the point of near-worthlessness and then you add international sanctions to the mix. Crypto, according to those arguments, is a way for people and businesses in those countries to save and invest that isn’t entirely at the mercy of their own currency and government actions.

and then they are at the mercy of wealthy western whales who own the majority of crypto and manipulate it for their own benefit

Foreign currency trading and international politics aren’t any of my areas of expertise tbh … I think I read this stuff in an article about some dude who worked for Binance who got imprisoned in Nigeria or something.