But I have a better way. Just paypal me the money you wanna spend at ilxbitcoinexcha✧✧✧@gm✧✧✧.c✧✧ and I'll take care of everything for you. Remember to tell me how many bitcoins you wanna buy
― 乒乓, Wednesday, 27 November 2013 15:51 (ten years ago) link
hit up my etsy storefront if you are SERIOUSLY interested in buying bitcoin no time wasters
― Roberto Spiralli, Wednesday, 27 November 2013 15:53 (ten years ago) link
i'm not interested. i'm just curious if it's even possible. from what I've read it seems like someone who bought it at $20 and now wanted to sell would have a very difficult time of doing so. like it would almost be easier to just blow it all on drugs and then sell those.
― frogbs, Wednesday, 27 November 2013 16:36 (ten years ago) link
Yeah I really have to question how much liquidity there actually is on the market
― 乒乓, Wednesday, 27 November 2013 16:39 (ten years ago) link
right. like half the stories on ycombinator are "this has taken 3 weeks and I needed to give a ton of sensitive information" and the other half are "I got hacked and lost it all"
― frogbs, Wednesday, 27 November 2013 16:41 (ten years ago) link
Bitcoin is over fwiw. I'm all in on Litecoin
― 乒乓, Wednesday, November 27, 2013 8:30 AM (2 hours ago) Bookmark Flag Post Permalink
i was getting all bitcoin jealous yesterday and started to look at litecoin but couldn't figure out how to buy them, anyway they were $18 yesterday and now they're $29 today
― sleepingbag, Wednesday, 27 November 2013 18:03 (ten years ago) link
http://www.theguardian.com/technology/2013/nov/27/hard-drive-bitcoin-landfill-site
http://replygif.net/i/1049.gif
― am0n, Wednesday, 27 November 2013 18:22 (ten years ago) link
http://www.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/
― 乒乓, Thursday, 28 November 2013 19:08 (ten years ago) link
http://www.reddit.com/r/SheepMarketplace/comments/1ru5ir/founda_wallet_containing_98million_worth_of_coins/
― 乒乓, Sunday, 1 December 2013 19:52 (ten years ago) link
http://www.reddit.com/r/SheepMarketplace/
Lol Bitcoin users who used this service just got scammed out of all their bitcoins
― 乒乓, Sunday, 1 December 2013 19:53 (ten years ago) link
loll the benefits of anonymous currency
― lag∞n, Sunday, 1 December 2013 20:36 (ten years ago) link
every private/public key just leaked
http://directory.io/
― frogbs, Sunday, 1 December 2013 21:20 (ten years ago) link
dunno if that means anything considering the insane amount of data this is but lol
what does that actually mean
― socki (s1ocki), Monday, 2 December 2013 02:32 (ten years ago) link
I don't really understand this too well but I think that each 'wallet' has a public key, of which there is a finite number available. One of the flaws in bitcoin is that two people could theoretically be assigned the same public key, in which case you could gain access to all the other guy's coins (and vice versa). There are so many public keys out there that this should pretty much never happen. Anyway apparently someone cracked the algorithm that generates the private keys and put up this website which matches up every potential public key to its private key, which is kinda useless since only like 0.00000001% of those keys contain any actual bitcoin. That said obviously all these pages here are only generated upon request which means that people who look up their own keys 'generate' the page which someone else can take to mean that money actually exists somewhere on that page.
― frogbs, Monday, 2 December 2013 14:20 (ten years ago) link
does it mean that someone can look up someone else's public key, get their private key, and do something nefarious wiht it?
― socki (s1ocki), Monday, 2 December 2013 15:15 (ten years ago) link
I guess I don't really know but it sounds that way? I don't think 'public' keys are supposed to be truly public. Then again isn't there a fairly public transaction record that contains this data??
― frogbs, Monday, 2 December 2013 16:02 (ten years ago) link
https://likeinamirror.wordpress.com/2013/12/01/satoshi-nakamoto-is-probably-nick-szabo
― lag∞n, Monday, 2 December 2013 17:36 (ten years ago) link
tempted to comment "first!"
― eris bueller (lukas), Monday, 2 December 2013 17:52 (ten years ago) link
ugghhhttp://finance.yahoo.com/news/college-kid-made-over-24-153845085.html
spoiler: guy actually just sent most of the money to himself for publicity
― frogbs, Monday, 2 December 2013 19:38 (ten years ago) link
in lol news
http://www.bbc.co.uk/news/technology-25185225
― frogbs, Monday, 2 December 2013 19:40 (ten years 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, 2 December 2013 22:54 (ten years ago) link
yes
― lag∞n, Monday, 2 December 2013 22:56 (ten years ago) link
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, 2 December 2013 23:01 (ten years ago) link
oh also "it's going to disrupt banking"
― signed, J.P. Morgan CEO (Hurting 2), Monday, 2 December 2013 23:02 (ten years ago) link
crypto currency drive a man crazy
― lag∞n, Monday, 2 December 2013 23:12 (ten years ago) link
I'm quickly growing tired of this use of "disrupt"
― Clay, Monday, 2 December 2013 23:16 (ten years ago) link
https://twitter.com/bitcoin_txt/status/407646887647252480
― deX! (DJP), Monday, 2 December 2013 23:20 (ten years ago) link
lol
― |$̲̅(̲̅ιοο̲̅)̲̅$̲̅| (gr8080), Monday, 2 December 2013 23:41 (ten years ago) link
"it feels like the internet in 1990"
i have a feeling in a few months it may feel a lot like internet in 1990
― frogbs, Monday, 2 December 2013 23:47 (ten years ago) link
it is the internet in 2013
― lag∞n, Monday, 2 December 2013 23:48 (ten years ago) link
but it feels like the internet in 1990
― Tip from Tae Kwon Do: (crüt), Monday, 2 December 2013 23:50 (ten years ago) link
in 2013
― Tip from Tae Kwon Do: (crüt), Monday, 2 December 2013 23:51 (ten years ago) link
bitcoin is like having a website with nothing on it but a photo of the earth and a hit counter
― lag∞n, Monday, 2 December 2013 23:53 (ten years ago) link
Bitcoin feels like a Prodigy discussion group
― deX! (DJP), Tuesday, 3 December 2013 00:37 (ten years ago) link
Real talk first BBS I ever saw was a wheel of time one on prodigy in like 1995
― 乒乓, Tuesday, 3 December 2013 00:39 (ten years ago) link
it's like swiss banking in 1939
― signed, J.P. Morgan CEO (Hurting 2), Tuesday, 3 December 2013 03:19 (ten years ago) link
This is a pretty interesting piece:http://www.businessinsider.com/im-changing-my-mind-about-bitcoin-2013-12
It's based on the assumption that the value of bitcoin is pretty much exclusively money laundering, illegal transactions and tax evasion, which is what I thought. It does make an interesting point, though, that it doesn't really matter if the value of bitcoin is "stable" for it to be useful, because these kinds of transactions tend to involve converting money in and out of bitcoin relatively quickly. In other words, if you buy weed using bitcoin, you don't care what the price of bitcoin was 6 months ago or what it will be 6 months from now -- you just want to quickly convert your dollars to bitcoin and get your weed at the current price. IMO this doesn't really qualify it as a "currency" though, it's more like a vehicle.
― signed, J.P. Morgan CEO (Hurting 2), Tuesday, 3 December 2013 03:29 (ten years ago) link
my understanding is the market isnt very liquid tho which makes its value for that sort of thing limited
― lag∞n, Tuesday, 3 December 2013 03:32 (ten years ago) link
i mean maybe itll all sort itself out if enough criminals start using it but idk
― lag∞n, Tuesday, 3 December 2013 03:33 (ten years ago) link
like all these stories about people who have millions of dollars in bitcoins leave out the fact that its basically impossible to cash in that much
― lag∞n, Tuesday, 3 December 2013 03:34 (ten years ago) link
i will cash your bitcoins
― buzza, Tuesday, 3 December 2013 03:35 (ten years ago) link
also if it became a big enough deal in the black market the authorities would find a way to hobble it
― lag∞n, Tuesday, 3 December 2013 03:35 (ten years ago) link
buzza
― 乒乓, Tuesday, 3 December 2013 03:36 (ten years ago) link
right well I guess bitcoiners are hoping to draw more people into the market so that it becomes more liquid. At 11B I'm sure it's liquid enough for buying weed, but probably not liquid enough for members of the kleptocracy to move significant cash
and yeah what you said is what I think too -- there's a paradox that if it becomes successful enough to work it becomes much more likely to get shut down
― signed, J.P. Morgan CEO (Hurting 2), Tuesday, 3 December 2013 03:36 (ten years ago) link
11B cap is sort of pitifully low for what its proponents are trying to make it out to be
― 乒乓, Tuesday, 3 December 2013 03:37 (ten years ago) link
another article pointed out that if regulators really want to go after bitcoin transactions, the "anonymity" doesn't matter because it's not anonymous to cash in your bitcoins. Like if bitcoins are overwhelmingly being used for illegal purposes, then authorities will just target people who are exchanging/cashing bitcoin.
― signed, J.P. Morgan CEO (Hurting 2), Tuesday, 3 December 2013 03:38 (ten years ago) link
yeah the thing abt a virtual currency is no matter how super good its coded it had to interact with the real world at some point and its always gonna be vulnerable there
― lag∞n, Tuesday, 3 December 2013 03:40 (ten years ago) link
like w silk road they seemed to roll the whole thing up pretty comically easily
― lag∞n, Tuesday, 3 December 2013 03:42 (ten years ago) link
it'd be sweet if you could buy weed with bitcoin and have it delivered by amazon drones
― signed, J.P. Morgan CEO (Hurting 2), Tuesday, 3 December 2013 03:43 (ten years ago) link