Hence Bitcoin’s wry new nickname in legal circles: “Prosecution Futures.”
http://www.nytimes.com/2014/01/19/business/eagle-scout-idealist-drug-trafficker.html
― lag∞n, Wednesday, 22 January 2014 07:34 (ten years ago) link
^^^ great fuckin piece
― i have the new brutal HOOS if you want it (BIG HOOS aka the steendriver), Wednesday, 22 January 2014 18:22 (ten years ago) link
Dread Pirate Roberts considered his work epochal because he was not just promoting the sale of illicit goods. He was reimagining the fundamentals of commerce.
"y'know, except for the whole keeping 10% of every transaction thing..."
― frogbs, Wednesday, 22 January 2014 19:05 (ten years ago) link
a small price to pay for liberty
― lag∞n, Wednesday, 22 January 2014 19:24 (ten years ago) link
http://gs1.wac.edgecastcdn.net/8019B6/data.tumblr.com/e08844792548f19dd8231c89fea3baa7/tumblr_mztx8vyTrY1rby04wo1_500.gif
via a double-plus obese poster
― mookieproof, Thursday, 23 January 2014 04:55 (ten years ago) link
lmao
― i have the new brutal HOOS if you want it (BIG HOOS aka the steendriver), Thursday, 23 January 2014 07:50 (ten years ago) link
at gif and descriptor
that's amazing
― this harmless group of nerds and the women that love them (forksclovetofu), Thursday, 23 January 2014 23:43 (ten years ago) link
ok im in at 1.9 million doge. slow ass coinbase prevented me quadrupling in the run up since 1/15 but it also saved me from the mini crash of two days ago. whatever.
― action bronson pinchot (sanskrit), Wednesday, 29 January 2014 00:13 (ten years ago) link
can i get a default swap on you y/n
― mookieproof, Wednesday, 29 January 2014 00:17 (ten years ago) link
y
― action bronson pinchot (sanskrit), Wednesday, 29 January 2014 00:45 (ten years ago) link
oops http://www.theverge.com/2014/2/4/5374172/the-coin-prince-charlie-shrem-bitinstant-bitcoin-money-laundering-scandal
― lag∞n, Wednesday, 5 February 2014 02:06 (ten years ago) link
http://money.cnn.com/2014/02/07/investing/bitcoin-withdrawal-halt/
― Burt Stuntin (Hurting 2), Friday, 7 February 2014 15:35 (ten years ago) link
Mt.Gox said an increase in withdrawal requests caused technical problems for its systems.
lol, I wonder if that means "technically we don't have enough money to cover your withdrawal requests"
technically were taping millions of dollars in fiat currency to ourselves right now
― lag∞n, Friday, 7 February 2014 21:35 (ten years ago) link
http://blogs.reuters.com/felix-salmon/2014/02/06/why-bitcoin-wont-disrupt-digital-transactions
feel like this cld be a lil more throughly argued but is basically otm
― lag∞n, Friday, 7 February 2014 21:36 (ten years ago) link
http://i.imgur.com/EHraMoL.jpg
― diamonddave85 (diamonddave85), Friday, 7 February 2014 22:03 (ten years ago) link
http://i.imgur.com/yBkSPY6.jpg
― diamonddave85 (diamonddave85), Friday, 7 February 2014 22:05 (ten years ago) link
― lag∞n, Friday, February 7, 2014 4:36 PM Bookmark Flag Post Permalink
I love Felix Salmon and if he did do a thoroughly reasoned take on this I'd take it pretty seriously, but I think this falls kind of short. He's basically just saying "this won't be disruptive because there are too many powerful interests involved." That's true with lots of "disruptive" technologies.
― Burt Stuntin (Hurting 2), Friday, 7 February 2014 22:14 (ten years ago) link
its even more true that most technologies never actually disrupt
― lag∞n, Friday, 7 February 2014 23:03 (ten years ago) link
like when people are all they scoffed at the internet too
thats a one hot technology every 40 years average
― lag∞n, Friday, 7 February 2014 23:05 (ten years ago) link
i mean it would be totally accurate to say that financial services has already been disrupted by the internet and m/l the same players still run the show
― lag∞n, Friday, 7 February 2014 23:06 (ten years ago) link
he is kind of just saying this wont happen because ppl dont want it to, its not really a convincing argument
― socki (s1ocki), Saturday, 8 February 2014 16:18 (ten years ago) link
hes saying that the benefits of the technology arent enough to overcome the not wanting
― lag∞n, Saturday, 8 February 2014 16:30 (ten years ago) link
which i think is true, technology people love bitcoin cause its really cool technology but its benefits are not really that great in a world where all financial transactions are already digitized
― lag∞n, Saturday, 8 February 2014 16:32 (ten years ago) link
http://www.bbc.co.uk/news/technology-26083733
― hang son doong (am0n), Sunday, 9 February 2014 17:25 (ten years ago) link
Any demand from outside of Iceland?
― calstars, Sunday, 9 February 2014 21:36 (ten years ago) link
https://www.youtube.com/watch?v=y7z2WFcEw5Y
― 龜, Monday, 10 February 2014 00:44 (ten years ago) link
My question is... What is he filming this with
― 龜, Monday, 10 February 2014 00:45 (ten years ago) link
**Important update**
https://www.youtube.com/watch?v=nGUxJCKHIno
― 龜, Monday, 10 February 2014 00:47 (ten years ago) link
― lag∞n, Friday, February 7, 2014 6:05 PM Bookmark Flag Post Permalink
I know that comparison is dumb, but at the same time the internet isn't just like one disruptive technology, it's thousands of disruptive technologies/business models
― Burt Stuntin (Hurting 2), Monday, 10 February 2014 04:54 (ten years ago) link
bitcoins are a series of boobs
― the Norwegians are leaving! (Sufjan Grafton), Monday, 10 February 2014 05:10 (ten years ago) link
www.goatse.cx
― AIDS (Hungry4Ass), Monday, 10 February 2014 14:35 (ten years ago) link
http://www.wired.com/business/2014/02/rise-fall-rise-patrick-byrne/
― hang son doong (am0n), Monday, 10 February 2014 17:47 (ten years ago) link
Burt Stuntin (Hurting 2)Posted: February 10, 2014 at 4:54:19 AM
literally infinite disruptive business models *j/o motion*
― lag∞n, Monday, 10 February 2014 18:06 (ten years ago) link
disruptive to my netflix enjoyment anyway
― the Norwegians are leaving! (Sufjan Grafton), Monday, 10 February 2014 18:08 (ten years ago) link
I mean in the actual theory behind "disruption" it's not *The Internet* that's disruptive, it's various applications of the internet to various industries.
― Burt Stuntin (Hurting 2), Monday, 10 February 2014 18:15 (ten years ago) link
but whatever, keep being too cool to notice shit changed
― Burt Stuntin (Hurting 2), Monday, 10 February 2014 18:22 (ten years ago) link
lol u cant possibly be srs
― lag∞n, Monday, 10 February 2014 18:32 (ten years ago) link
buy some bitcoins or stfu u clown
blowing yr own schumpeter
― selfie bans make dwight the yorke (darraghmac), Monday, 10 February 2014 18:36 (ten years ago) link
lessons in internet form hurting a guy who has read a number of articles
― lag∞n, Monday, 10 February 2014 18:37 (ten years ago) link
it wld be interesting to compile a list of all the industries the internet has actually disrupted: print advertising...
obvs there are bigger one on the horizon, retail prob being the nearest, but so far the effects of the internet have been more access to communication and information and less disrupting big established industries
the idea that start up dudes are gonna suddenly disrupt financial services rings all the bells of hubristic technological overreach, theyre very arrogant and cant see the difference between technology and not technology
the ultimate example is bill gates thinking hes gonna throw his money around and eliminate malaria, he really thought he was just smarter than all the public health and medical people even tho he had zero domain experience, the ongoing failure of education disrupters is p lol too
so while I am personally a big believer in the long term transformative power of the internet its really easy to overstate how much its done so far and what its really good at and not good at and my skepticism of bitcoin thing has to do mostly w observing these patterns
― lag∞n, Monday, 10 February 2014 19:44 (ten years ago) link
tbf i think what bill gates is doing is super great and helpful but he def displayed some classic nerd tics along the way
― lag∞n, Monday, 10 February 2014 19:50 (ten years ago) link
the things that 'need to be disrupted' in the financial industry aren't actually the things that bitcoin is 'disrupting'. it is not hard to buy things with us dollars either irl or online. in fact it's so easy that some existing technology that makes it easier to buy things (like buying stuff using your phone) is having trouble catching on, because the marginal convenience isn't worth the trouble.
― iatee, Monday, 10 February 2014 19:56 (ten years ago) link
yup
― lag∞n, Monday, 10 February 2014 20:01 (ten years ago) link
mail
― socki (s1ocki), Monday, 10 February 2014 21:25 (ten years ago) link
ya i thought of that and like is mail an industry or is the industry shipping where ups and fedex are stronger than ever and very much taking advantage of the internet and then theres the post office which is this weird government agency that really doesnt behave like a for profit company anyway and is def being replaced by email etc but did they really exist even in the first place
― lag∞n, Monday, 10 February 2014 21:53 (ten years ago) link
i mean the music industry for sure but that gets a major * cause it relied on the sort of insurgent illegality that wld never be tolerated w finance
― lag∞n, Monday, 10 February 2014 21:55 (ten years ago) link
http://www.btcreporter.com/wp-content/uploads/2013/05/bitcoin-atm.jpg
― hang son doong (am0n), Monday, 10 February 2014 21:57 (ten years ago) link