bit¢oin$

YOUR REACTION? OMG OLD WTF LOL CUTE WIN FAIL TRASHY EW

A GROUP of self-described anarchists, libertarians and Ron Paul supporters fleeing the crumbling world economic system have founded Galt's Gulch, a community in Chile inspired by Ayn Rand's “Atlas Shrugged”—and with an economy based entirely on Bitcoin. Or that's the goal, anyway.

http://www.economist.com/blogs/schumpeter/2013/12/libertarian-enclaves

yo rand fans really calling themselves anarchists now

lion laying down w the lamb right now

yeah 'anarcho-capitalist' has a lot of uh currency these days, whether or not they're 'really' anarchists and whether or not they should be let into various anarchist fb groups is endless lolz

there shd be a larger category thats just like "people who love meetings" or whatever

Self-described anarcho-capitalists are probably 100% committed to capitalism, but are committed to anarchy only insofar as they think it might make it easier to get sex and drugs, or possibly make them richer. I further note that the truly rich are never anarchists.

there shd be a larger category thats just like "people who love meetings" or whatever

― lag∞n, Saturday, December 28, 2013 8:17 PM (Yesterday) Bookmark Flag Post Permalink

meetingtarians

http://coinyewest.com

was hoping for kan-yen

cⒶpitⒶlism

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

what is up w/ this

https://twitter.com/BitcoinBelle
https://twitter.com/TheBitcoinWife
https://twitter.com/Bitcoin_Goddess

About to pimp Bitcoin in the Beltway at a local meetup! #Bitcoin #Ladies #Beer

http://i1354.photobucket.com/albums/q686/tinyservants/Screenshot2014-01-08at11523PM_zpsa2483fe6.png

just think youd have hundreds of thousands of illiquid pretend currency now

maybe she means hundreds of thousands of dollars/pounds worth? I don't think there were enough bitcoins in circulation five years ago for that to be a very likely story

there were a lot right off the bat bc they were v easy to mine then is my understaning

https://blockchain.info/charts/total-bitcoins?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Bitcoin's market cap is ~11 billion and a single bitcoin is worth $927 which means there are about 12.14 million bitcoins out there right now

xp!

That graph is interesting because even though more + more people are throwing money at mining bitcoins every day the number of new bitcoins created has more or less remained constant

It is interesting, that's something that I've found kind of fascinating about the design of bitcoin (I mean I think it was more or less designed to do that).

http://i.imgur.com/47Agxuy.jpg

well it i guess it comes down to what she meant by like five years ago but anyway since bitcoins were worth less than a dollar then hundreds of thousands of dollars in bitcoins wouldve been more bitcoins than hundreds of thousands of bitcoins

yeah I mean hundreds of thousands worth at todays values. Or else she could have been basing that on the current denomination in 1000ths I guess.

prob someone just offered her hundreds of thousands of bitcoins

i mean didn't someone spend like 10,000 BTC on a pizza

maybe it was hundreds of thousandths of bitcoins and she thought he just had a lisp

satoshi nakamoto invented a new form of currency just so he could immediately offer her hundreds of thousands of something to perform on second life

when his request was spurned he felt so much shame he decided to spend the rest of his life in hiding

fa¢t

It seems like a funny byproduct of the bitcoin craze that people are actually talking about second life again...

almost as though it had taken on a...

new status as a topic of interest

second coin

there are no second lives in american coin

lily-allen-calls-herself-an-idiot-for-declining-bitcoin-payment-now-worth-millions-9046211.html

Yahoo Malware Turned European Computers Into Bitcoin Slaves

can someone link to the definitive krugman or whoever critical appraisal on bitcoin and why it's dumb

idk if all the reasons its dumb have been captured in one place because there are so many

this one is really good imho https://al3x.net/2013/12/18/bitcoin.html

and heres krugman http://krugman.blogs.nytimes.com/2013/12/28/bitcoin-is-evil

it's p funny that the fact that ZYNGA decided to accept bitcoin sent the price shooting up

Hey, remember that time when Zynga IPO'd at $9+ per share? And remember how it's now worth $4/share? And remember how the company is still somehow worth $3.36 billion yet has no earnings?

zynga: we will buy this pictionary rip off game for $100m because it is sure to be popular forever
investors: this is surely a company with vision i will buy thier cool stock and grow rich
the end

can someone link to the definitive krugman or whoever critical appraisal on bitcoin and why it's dumb

critical appraisal in 4 words: high tech junk bonds

http://i.imgur.com/Tx3JxLl.gif

god i love that magazine

lol

bloomberg business week's art direction is the best

here's the article: http://www.businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up

For sure, non-GIF version:

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

that's real?