bit¢oin$

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want some

Author ~ Coach ~ Goddess (s1ocki), Tuesday, 20 November 2012 17:38 (eight years ago) link

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

( ͡° ͜ʖ ͡°) (diamonddave85), Tuesday, 20 November 2012 17:52 (eight years ago) link

lol at this battlestation http://25.media.tumblr.com/tumblr_m0qxuvDOYy1qfy0bho1_500.png

( ͡° ͜ʖ ͡°) (diamonddave85), Tuesday, 20 November 2012 17:55 (eight years ago) link

thats the clearnet thread, this is deepweb

╔囧╗╔囧╝╚囧╝╚囧╗╔囧╗ (am0n), Tuesday, 20 November 2012 21:32 (eight years ago) link

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

( ͡° ͜ʖ ͡°) (diamonddave85), Wednesday, 21 November 2012 02:38 (eight years ago) link

http://i.minus.com/ibe8OuoRWHFbfv.jpg

bnw, Wednesday, 21 November 2012 02:45 (eight years ago) link

LOOK OUT

Author ~ Coach ~ Goddess (s1ocki), Wednesday, 21 November 2012 18:14 (eight years ago) link

didn't know Spawn lived in the deep web

paula boradwell (crüt), Wednesday, 21 November 2012 18:15 (eight years ago) link

You two knock it off up there, i'm studying!

pplains, Wednesday, 21 November 2012 18:27 (eight years ago) link

fun

Author ~ Coach ~ Goddess (s1ocki), Wednesday, 28 November 2012 18:04 (eight years ago) link

http://i.imgur.com/9o73J.png

( ͡° ͜ʖ ͡°) (diamonddave85), Wednesday, 5 December 2012 20:53 (eight years ago) link

*clicks insistently*

Author ~ Coach ~ Goddess (s1ocki), Wednesday, 5 December 2012 20:56 (eight years ago) link

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

❏❐❑❒ (gr8080), Wednesday, 5 December 2012 21:28 (eight years ago) link

is that what a typical bitcoiner looks like

Author ~ Coach ~ Goddess (s1ocki), Wednesday, 5 December 2012 23:34 (eight years ago) link

looks a little bit like the what you need, when you need it girl

Spectrum, Thursday, 6 December 2012 02:52 (eight years ago) link

http://bitcoinmedia.com/uploads/2012/04/pyramid.png

wolves lacan, Thursday, 6 December 2012 02:54 (eight years ago) link

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

✧ (am0n), Tuesday, 18 December 2012 18:42 (eight years ago) link

amon, that gif is beautiful.

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

v impressive thing in css (wolves lacan), Wednesday, 19 December 2012 01:27 (eight years ago) link

one month passes...

Amazon Coins

Brakhage, Wednesday, 6 February 2013 17:40 (eight years ago) link

so dumb

zero dark (s1ocki), Wednesday, 6 February 2013 17:44 (eight years ago) link

ha its like buying a gift certificate for yourself

☏ (am0n), Wednesday, 6 February 2013 17:55 (eight years ago) link

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

zero dark (s1ocki), Wednesday, 6 February 2013 18:13 (eight years ago) link

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

pplains, Wednesday, 6 February 2013 18:23 (eight years ago) link

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

ilx¢oin$

very impressive thing in css (wolves lacan), Wednesday, 6 February 2013 18:41 (eight years ago) link

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

mh, Thursday, 7 February 2013 03:55 (eight years ago) link

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

☕ (diamonddave85), Thursday, 7 February 2013 04:22 (eight years ago) link

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

☕ (diamonddave85), Friday, 15 February 2013 00:22 (eight years ago) link

one month passes...

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

diamonddave85, Tuesday, 19 March 2013 18:04 (seven years ago) link

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

Brakhage, Friday, 29 March 2013 19:12 (seven years ago) link

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

buzza, Friday, 29 March 2013 19:26 (seven years ago) link

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

diamonddave85, Friday, 29 March 2013 19:28 (seven years ago) link

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

❏❐❑❒ (gr8080), Friday, 29 March 2013 19:40 (seven years ago) link

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

circa1916, Friday, 29 March 2013 21:25 (seven years ago) link

฿฿฿

Brakhage, Friday, 29 March 2013 21:31 (seven years ago) link

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

Tioc Norris (LocalGarda), Saturday, 30 March 2013 11:38 (seven years ago) link

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

turds (Hungry4Ass), Saturday, 30 March 2013 18:20 (seven years ago) link

mining, always a hazardous occupation

Brakhage, Saturday, 30 March 2013 19:31 (seven years ago) link

omg

zero dark (s1ocki), Saturday, 30 March 2013 20:38 (seven years ago) link

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

zero dark (s1ocki), Saturday, 30 March 2013 20:38 (seven years ago) link

Jesus Christ, that's insane. It's going to hit $50K isn't it?

peace, man, Friday, 12 February 2021 16:35 (two weeks ago) link

clickbait got me: $100 spent in 2010 would be worth 48 million today. this world is stupid.

That's not really my scene (I'm 41) (forksclovetofu), Friday, 12 February 2021 17:55 (two weeks ago) link

yeah but you'd have to be the kind of person who bought into some weird shit that basically no one knew about, then watched it increase 1000x and then still hold onto it for some crazy reason.

longtime caller, first time listener (man alive), Friday, 12 February 2021 18:13 (two weeks ago) link

yeah pretty much everyone expressing regrets about not buying in earlier would've sold the instant they doubled or tripled their money

no fucking clue what's going on but it feels like there's some insane manipulation going on. feels like how you have these weird punk 7"s that people just randomly decide are worth $600 even though nobody ever buys them

frogbs, Friday, 12 February 2021 18:17 (two weeks ago) link

It’s definitely the case that some vicious criminal assholes are on the winning end of whatever is going on.

Canon in Deez (silby), Friday, 12 February 2021 18:19 (two weeks ago) link

I want to believe manipulation too, but it's getting increasingly hard for me to believe it's possible at the kinds of volume and market cap we're seeing now. I guess it's still relatively unregulated/unobserved so maybe there's something highly sophisticated going on.

longtime caller, first time listener (man alive), Friday, 12 February 2021 18:26 (two weeks ago) link

the volume... is not very high

lag∞n, Friday, 12 February 2021 18:34 (two weeks ago) link

It's weird that none of these stories point out that somebody owns 36 billion Dogecoin and with one tweet Elon Musk made that anonymous person a billionaire, and that person could be himself https://t.co/Gm4xNP8N3t https://t.co/vWBqYRIUBr

— David Dayen (@ddayen) February 9, 2021

lag∞n, Friday, 12 February 2021 18:35 (two weeks ago) link

fwiw it has been found perviously that some bitcoin exchanges were letting big accounts trade for free so the sophistication of the scheme could literally just be selling yourself bitcoin lol, and also the people doing it could be the exchanges themselves, theres also obvs been all sorts of other malarky going on the whole time too tether etc, havent seen anyone theorizing re the nature of the scam this time around tho, but i mightve just unfollowed those people lol

lag∞n, Friday, 12 February 2021 18:40 (two weeks ago) link

The tether thing is still a compelling case about why the bitcoin pump has been a complete scam. They got another extension to provide the NYAG with documents that show 1T is backed by 1USD. And that new deadline is in a week or so. But in the meantime they minted one billion tether yesterday and minted like 7 billion last week. So many billionaires sending money to tether's bank in the Bahamas.

Yerac, Friday, 12 February 2021 18:45 (two weeks ago) link

But I think they now just need to prove that 1T is backed by 1USD or equivalent, which is easier if you
mint tether>unknown wallet>crypto exchange>purchase BTC>unknown wallet>crypto exchange> BTC into USD

Yerac, Friday, 12 February 2021 18:48 (two weeks ago) link

the volume... is not very high

― lag∞n, Friday, February 12, 2021 1:34 PM (thirty-six minutes ago) bookmarkflaglink

Bitcoin's latest trading volume was $78,534,285,374 -- as a percentage of market cap that's higher than the volume of a lot of large cap stocks (and it's also huge in absolute terms). Agree it's very possible it could just be dumb shit like back-and-forth wash trades among a small number of accounts or a large number of dummy accounts.

longtime caller, first time listener (man alive), Friday, 12 February 2021 19:16 (two weeks ago) link

its higher than the volume of... a single stock

lag∞n, Friday, 12 February 2021 19:18 (two weeks ago) link

latest *reported trading volume I should say, I really have little idea how that's calculated or how much if any transparency there is with these exchanges.

longtime caller, first time listener (man alive), Friday, 12 February 2021 19:18 (two weeks ago) link

its higher than the volume of... a single stock

― lag∞n, Friday, February 12, 2021 2:18 PM (twenty seconds ago) bookmarkflaglink

Higher as a percentage of market cap though, i.e. the percentage of bitcoin that trades per day is higher than the percentage of, say, Apple stock that trades per day. Of course, Apple is very clearly widely held and traded among many many holders and trades on a transparent national exchange.

longtime caller, first time listener (man alive), Friday, 12 February 2021 19:20 (two weeks ago) link

(i.e. no idea if the latter is actually true for Bitcoin - volume doesn't matter much if it's wash trades)

longtime caller, first time listener (man alive), Friday, 12 February 2021 19:21 (two weeks ago) link

anyway im sure at this point in the mania a lot of the trading is legit the manipulators may have already cashed out, or they just step in when necessary who knows, either way i would bet all the bitcion i own, like ten dollars worth a thumb drive somewhere that i forget the password to, that manipulators are in the mix, cause i mean why not you have a dubiously regulated world wide market where all the players are pseudonymous, its like it was invented for crimes

lag∞n, Friday, 12 February 2021 19:22 (two weeks ago) link

yeah I think bitcoin is dumb as shit too, I've just never seen a phenomenon quite like this. I have to think it's partly fed money inflating bitcoin just like everything else is getting inflated. Fed engaged in unprecedented bond buying and institutions are just (indirectly) throwing a lot of that on the craps table because nothing productive to spend it on.

longtime caller, first time listener (man alive), Friday, 12 February 2021 19:25 (two weeks ago) link

yeah I think bitcoin is dumb as shit too

― longtime caller, first time listener (man alive), Friday, February 12, 2021 2:25 PM (fifteen seconds ago) bookmarkflaglink

i will do you the courtesy of not reviewing your posts itt lol

lag∞n, Friday, 12 February 2021 19:26 (two weeks ago) link

the real question is, if someone with $20,000,000 of bitcoin they found on a USB somewhere were to cash out, could they actually get 20 million dollars

frogbs, Friday, 12 February 2021 19:35 (two weeks ago) link

at this point it seems like yeah, but not sure at what number it becomes no

lag∞n, Friday, 12 February 2021 19:38 (two weeks ago) link

you can see when there are large amounts of crypto being transferred from wallets to exchanges or when stableoins are being minted. Some twitters send out alerts. Whenever tether is being minted, bitcoin pump always follows. When they stop minting, it slowly starts to bleed.

Yerac, Friday, 12 February 2021 19:42 (two weeks ago) link

recall ppl talking about that pattern the last time around

lag∞n, Friday, 12 February 2021 23:59 (two weeks ago) link

yeah it still happens. people still trade based on it. It's pretty reliable.

Yerac, Saturday, 13 February 2021 00:02 (two weeks ago) link

lol normal asset

lag∞n, Saturday, 13 February 2021 00:03 (two weeks ago) link

I put $50 in a week ago as a larj. It’s at $73 now. Should I put all my money in it?

treeship., Saturday, 13 February 2021 00:09 (two weeks ago) link

only if its as a larj

lag∞n, Saturday, 13 February 2021 00:12 (two weeks ago) link

Sorry i slip into norwegian when i’ve had a fewj

treeship., Saturday, 13 February 2021 00:13 (two weeks ago) link

treej

lag∞n, Saturday, 13 February 2021 00:14 (two weeks ago) link

Its Bi-tulip mania!

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

Chewshabadoo, Saturday, 13 February 2021 07:33 (two weeks ago) link

How we defeat the transhumanist technocracy:
-Worship God
-Buy bitcoin
-Build our own internet (satellites + free speech software)
-Build our own bitcoin and silver/gold-backed banks
-Build our own digital economy
-Exit the existing system

— Gab.com (@getongab) February 13, 2021

lag∞n, Saturday, 13 February 2021 14:35 (two weeks ago) link

are they moving to mars?

class project pat (m bison), Saturday, 13 February 2021 14:50 (two weeks ago) link

papa elon

lag∞n, Saturday, 13 February 2021 14:53 (two weeks ago) link

I started listening to the ARK Invest podcast, and some of it is pretty interesting, e.g. when they get into the nuts and bolts of the autonomous vehicle race. But I just listened to the bitcoin one and it was so many layers of bullshit.

My favorite part was when they addressed the common criticism that bitcoin was too volatile, and their spin on that was that "what's great about it is that it's not correlated to other assets." You know what else isn't correlated to other assets? My boogers. That doesn't make them an investment.

longtime caller, first time listener (man alive), Saturday, 27 February 2021 03:36 (three days ago) link

coming bak to the tether thing. Their last reported mint was Feb 20 for 800mil. The nyag's report and fine came out 3 days later and they haven't minted any tethers since, although there has been a lot of huge transactions overnight and a lot of other stablecoin minting. But if you look at the btc one month chart it sure looks not entirely coincidental.

Yerac, Saturday, 27 February 2021 03:53 (three days ago) link

I spoke to a couple of the smarter bitcoin enthusiasts I've known, and both of them seem to have settled down and cooled their expectations a lot about it. Crazy that it's still having the run it is -- the stablecoin manipulation theory seems very plausible, it's just a magnitude of manipulation I don't know if the world has ever seen before if so.

longtime caller, first time listener (man alive), Sunday, 28 February 2021 17:35 (two days ago) link

Like both of these guys were once telling me "bitcoin is the new internet" and now they're like "it's overhyped and there are a lot of scammers out there but blockchain has a few good uses"

longtime caller, first time listener (man alive), Sunday, 28 February 2021 17:36 (two days ago) link

i mean bitcoin people are super sensitive when you say that tether is a huge scam and it's the main driver of bitcoin pumps... so you know. There is data out there but supposedly it's all FUD, i am not putting in the energy to try to convince people of something so obvious. I just trade around it.

Yerac, Sunday, 28 February 2021 18:22 (two days ago) link

weird how a super slow expensive distributed database didnt change everything

lag∞n, Sunday, 28 February 2021 18:23 (two days ago) link

man, this is a fun thread to read back through, lots of gems

longtime caller, first time listener (man alive), Sunday, 28 February 2021 18:32 (two days ago) link

smarter bitcoin enthusiasts

Canon in Deez (silby), Sunday, 28 February 2021 19:50 (two days ago) link

Good intro

sell her Dior (Sufjan Grafton), Sunday, 28 February 2021 20:30 (two days ago) link


― ❏❐❑❒ (gr8080), Wednesday, December 5, 2012 9:28 PM (eight years ago)

posts that aged unexpectedly; that's over a million dollars.

That's not really my scene (I'm 41) (forksclovetofu), Sunday, 28 February 2021 21:05 (two days ago) link

The more I get back to reading about bitcoin, the more I feel like my friend has probably lost his judgment living in the silicon tower

― signed, J.P. Morgan CEO (Hurting 2), Monday, December 2, 2013 5:54 PM (seven years ago) bookmarkflaglink

yes

― lag∞n, Monday, December 2, 2013 5:56 PM (seven years ago) bookmarkflaglink

it's weird though, dude is smart as fuck and usually a cool-headed and skeptical thinker. But he keeps repeating these catch phrases like "it feels like the internet in 1990" that must ping-pong around a lot out there. He spent years having his employer do his laundry and drive him to work, so he may have lost touch a bit.

― signed, J.P. Morgan CEO (Hurting 2), Monday, December 2, 2013 6:01 PM (seven years ago) bookmarkflaglink

oh also "it's going to disrupt banking"

― signed, J.P. Morgan CEO (Hurting 2), Monday, December 2, 2013 6:02 PM (seven years ago) bookmarkflaglink

lol this is one of the guys I'm talking about who now says it's mostly scams and hype but there might be a few good uses for blockchain

longtime caller, first time listener (man alive), Sunday, 28 February 2021 23:10 (two days ago) link

my brother works in this industry and he says there really aren't any good uses for it...just a bunch of stuff that could be done much more efficiently with other data structures

frogbs, Sunday, 28 February 2021 23:20 (two days ago) link

Just use Postgres ffs

Canon in Deez (silby), Monday, 1 March 2021 01:20 (yesterday) link

thats your answer for everything

lag∞n, Monday, 1 March 2021 17:29 (yesterday) link

It’s usually correct!!

Canon in Deez (silby), Monday, 1 March 2021 17:46 (yesterday) link

I mean you can’t buy drugs with Postgres but otherwise

Canon in Deez (silby), Monday, 1 March 2021 17:46 (yesterday) link

i'm sure some database programmers convert money earned with Postrges into drugs

sell her Dior (Sufjan Grafton), Monday, 1 March 2021 17:51 (yesterday) link


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