I think the main usefulness of it will be not having to turn it into $
― coffeetripperspillerslyricmakeruppers (Latham Green), Tuesday, 21 June 2011 19:13 (twelve years ago) link
There are other exchange places for turning bitcoins into $, but none is as big as Mt GoX was. Also, this entire story is making me laugh so much because it made me realise that this currency was mainly being traded on what used to be a Magic: the Gathering exchange website (Magic:the Gathering online Xchange = Mt GoX).
― Jibe, Tuesday, 21 June 2011 19:26 (twelve years ago) link
always knew magic cards were going to be the eventual world currency
― iatee, Tuesday, 21 June 2011 19:27 (twelve years ago) link
hope I can find my old shivan
http://hanlepedia.wikia.com/wiki/Bitcoins
― coffeetripperspillerslyricmakeruppers (Latham Green), Tuesday, 21 June 2011 19:30 (twelve years ago) link
― Jibe, Tuesday, June 21, 2011 3:26 PM (1 minute ago) Bookmark Suggest Ban Permalink
this explains so much
― ☂ (max), Tuesday, 21 June 2011 19:31 (twelve years ago) link
Hanlepedia! An encyclopedia you can trust! :-)
― ...wow! (Le Bateau Ivre), Tuesday, 21 June 2011 19:31 (twelve years ago) link
lol, I was wondering what mt. gox meant.
― Ktulu says, I've come to hate my body (wk), Tuesday, 21 June 2011 19:32 (twelve years ago) link
I just thought it was a mountain
― iatee, Tuesday, 21 June 2011 19:38 (twelve years ago) link
its the future of the internet
― coffeetripperspillerslyricmakeruppers (Latham Green), Tuesday, 21 June 2011 19:39 (twelve years ago) link
http://www.coolstuffinc.com/images/Products/mtg%20art/Fourth/Land%20Tax.jpg
^^^hacker probably looks like this
― iatee, Tuesday, 21 June 2011 19:47 (twelve years ago) link
Somehow I doubt it ;)
― ...wow! (Le Bateau Ivre), Tuesday, 21 June 2011 19:47 (twelve years ago) link
god dammit
― iatee, Tuesday, 21 June 2011 19:48 (twelve years ago) link
http://gatherer.wizards.com/Handlers/Image.ashx?multiverseid=1624&type=card
who took all the monopoly money!
― coffeetripperspillerslyricmakeruppers (Latham Green), Tuesday, 21 June 2011 19:53 (twelve years ago) link
http://www.screwthestatusquo.com/storage/post-images/letters/monopoly%20guy.gif?__SQUARESPACE_CACHEVERSION=1273091093189Come to think of it, he kind of looks a lot like the 1u1z5ec guy
― wtf is wrong with people? (snoball), Tuesday, 21 June 2011 19:55 (twelve years ago) link
I always try to steal money when I play monopoly - wait until people look away then grab some 500$ s
― coffeetripperspillerslyricmakeruppers (Latham Green), Tuesday, 21 June 2011 19:56 (twelve years ago) link
I did that with my little brother all the time when I was a kid
― iatee, Tuesday, 21 June 2011 19:56 (twelve years ago) link
but I would do it like one bill at a time
― iatee, Tuesday, 21 June 2011 19:57 (twelve years ago) link
so he wouldn't notice until some point where I had 75% of the bank
― iatee, Tuesday, 21 June 2011 19:58 (twelve years ago) link
cheating is more fun when it comes to board games
― coffeetripperspillerslyricmakeruppers (Latham Green), Tuesday, 21 June 2011 20:04 (twelve years ago) link
I loved stealing Monopoly money.
― I don't know who Cerebus is, and I'm 6'0 and 192 (Nicole), Tuesday, 21 June 2011 20:19 (twelve years ago) link
do you love bitcoins?
― coffeetripperspillerslyricmakeruppers (Latham Green), Tuesday, 21 June 2011 20:20 (twelve years ago) link
Sadly, no.
― I don't know who Cerebus is, and I'm 6'0 and 192 (Nicole), Tuesday, 21 June 2011 20:21 (twelve years ago) link
Is there a single reason why this thing is a good idea?
― mississippi delta law grad (Hurting 2), Tuesday, 21 June 2011 20:24 (twelve years ago) link
I think what needs to happen is for bitcoins to be backed by gold
― dayo, Tuesday, 21 June 2011 20:25 (twelve years ago) link
how about gold being backed by bitcoins?
― coffeetripperspillerslyricmakeruppers (Latham Green), Tuesday, 21 June 2011 20:26 (twelve years ago) link
Chocolate gold coins?
― wtf is wrong with people? (snoball), Tuesday, 21 June 2011 21:14 (twelve years ago) link
we're back baby!
https://mtgox.com/trade/buy
― coffeetripperspillerslyricmakeruppers (Latham Green), Thursday, 30 June 2011 20:25 (twelve years ago) link
http://news.bbc.co.uk/2/hi/programmes/click_online/9555513.stm
bitcoinplus now blocked by our firewall!
― hwy not write Ohkhaye!" Onktean? (Latham Green), Friday, 5 August 2011 16:56 (twelve years ago) link
A couple months ago I wanted to sell flash drives filled with a "starter purse" of 35 "bitcoinz" (note the z!) on eBay. Bundle it with some phony .PDF about starting your exciting journey into the world of crypto currency!
― errant flynn, Friday, 5 August 2011 22:05 (twelve years ago) link
there was a website giving away free bitcoisn for a while to get the "movement" going
― hwy not write Ohkhaye!" Onktean? (Latham Green), Monday, 8 August 2011 16:45 (twelve years ago) link
LOL at bitcoin-themed episode of The Good Wife
― Stockhausen's Ekranoplan Quartet (Elvis Telecom), Saturday, 21 January 2012 10:13 (twelve years ago) link
What if there was some kind of Bitcoin/Minecraft crossover (Minecoin? Bitcraft?)
― insert 2012 appropriate display name here (snoball), Saturday, 21 January 2012 10:34 (twelve years ago) link
http://i.imgur.com/8xgFw.jpg
― chris paul george hill (dayo), Friday, 8 June 2012 00:12 (eleven years ago) link
bitcoin just bit yoru ass yo! while you was havin strawberry
― Sweet Organic Princess (Latham Green), Friday, 10 August 2012 14:25 (eleven years ago) link
http://www.examiner.com/article/hackers-claim-possession-of-romney-tax-returns-threaten-release-on-sept-28
― Brony 4 Life (Latham Green), Thursday, 6 September 2012 18:36 (eleven years ago) link
http://www.schneier.com/blog/archives/2012/10/analysis_of_how.html
― Brian Eno's Mother (Latham Green), Thursday, 18 October 2012 13:38 (eleven years ago) link
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.
awesome
― ciderpress, Thursday, 18 October 2012 13:48 (eleven years ago) link
cant pull the wool over thiese bitches
― Brian Eno's Mother (Latham Green), Thursday, 18 October 2012 15:19 (eleven years ago) link
http://farm9.staticflickr.com/8096/8372512244_9e314b0605_z.jpg
― Author ~ Coach ~ Goddess (s1ocki), Sunday, 13 January 2013 17:06 (eleven years ago) link
http://qz.com/61893/this-is-how-we-mint-money-now-software-upgrade-glitch-causes-bitcoin-flash-crash/
― Brian Eno's Mother (Latham Green), Tuesday, 12 March 2013 20:55 (eleven years ago) link
http://www.kurzweilai.net/bitcoin-hits-1-billion
― Brian Eno's Mother (Latham Green), Friday, 5 April 2013 14:47 (eleven years ago) link
http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_8qRwhHaLc7b5Sp7
Austan Goolsbee Chicago Strongly Agree 10 Hahahaha. ROTFL.
― iatee, Wednesday, 24 April 2013 17:52 (eleven years ago) link
http://www.washingtonpost.com/business/economy/seven-men-charged-in-liberty-reserve-global-money-laundering-operation/2013/05/28/0999536c-c7ce-11e2-8da7-d274bc611a47_story.html
― Brian Eno's Mother (Latham Green), Wednesday, 29 May 2013 01:43 (ten years ago) link
http://gawker.com/feds-seize-assets-of-worlds-largest-bitcoin-exchange-506790294
― Brian Eno's Mother (Latham Green), Tuesday, 23 July 2013 20:42 (ten years ago) link
I'll bet that even possessing the Bitcoin software will be "probable cause" from here on out.
― Elvis Telecom, Wednesday, 24 July 2013 03:49 (ten years ago) link
http://b.thumbs.redditmedia.com/H0-6OpjswRj1Ke3U.jpg
― Matt Armstrong, Wednesday, 21 August 2013 06:38 (ten years ago) link
Bitcoin offers privacy -- as long as you don't cash out or spend it
On the surface, Bitcoin seems to be a great way to hide cash. Actually, it's a terrible way to launder money.That's the conclusion of a new academic study that analyzed Bitcoin's blockchain, or the public ledger that records bitcoin transactions. The ledger shows how bitcoins move from one person to another, represented by 34-character alphanumeric addresses.It's a sea of numbers without names. But researchers from the University of California at San Diego and George Mason University found it is a lot harder to convert bitcoins to cash -- or spend the bitcoins with a service -- and stay anonymous due to the ledger.Most bitcoin users interact with a service to buy or sell the virtual currency. These days, most of those services want to know exactly who they're dealing with, especially as regulators around the world take an increasing interest in bitcoin.Using special algorithms, the researchers were able to associate large numbers of seemingly anonymous bitcoins addresses with certain major services such as exchanges and payment processors, said Sarah Meiklejohn, a doctoral candidate in computer science at UC San Diego, who assisted in the research.By analyzing those transactions, they found it is possible to somewhat deanonymize bitcoin users, opening up avenues through which investigators could reveal the people behind them.For example, they linked more than 500,000 Bitcoin addresses with Mt. Gox, a popular exchange in Japan where users buy and sell bitcoins. Mt. Gox requires identification from its users, often including a scan of their passport. It wouldn't make sense for a hacker to cash out a large number of bitcoins there."We haven't uncovered the identity of the thief, but we've paved the way for law enforcement or an agency with subpoena power to do exactly that," Meiklejohn said.
That's the conclusion of a new academic study that analyzed Bitcoin's blockchain, or the public ledger that records bitcoin transactions. The ledger shows how bitcoins move from one person to another, represented by 34-character alphanumeric addresses.
It's a sea of numbers without names. But researchers from the University of California at San Diego and George Mason University found it is a lot harder to convert bitcoins to cash -- or spend the bitcoins with a service -- and stay anonymous due to the ledger.
Most bitcoin users interact with a service to buy or sell the virtual currency. These days, most of those services want to know exactly who they're dealing with, especially as regulators around the world take an increasing interest in bitcoin.
Using special algorithms, the researchers were able to associate large numbers of seemingly anonymous bitcoins addresses with certain major services such as exchanges and payment processors, said Sarah Meiklejohn, a doctoral candidate in computer science at UC San Diego, who assisted in the research.
By analyzing those transactions, they found it is possible to somewhat deanonymize bitcoin users, opening up avenues through which investigators could reveal the people behind them.
For example, they linked more than 500,000 Bitcoin addresses with Mt. Gox, a popular exchange in Japan where users buy and sell bitcoins. Mt. Gox requires identification from its users, often including a scan of their passport. It wouldn't make sense for a hacker to cash out a large number of bitcoins there.
"We haven't uncovered the identity of the thief, but we've paved the way for law enforcement or an agency with subpoena power to do exactly that," Meiklejohn said.
― Elvis Telecom, Thursday, 29 August 2013 22:28 (ten years ago) link
Woah, Silk Road supposedly busted: http://www.theverge.com/2013/10/2/4794780/fbi-seizes-underground-drug-market-silk-road-owner-indicted-in-new
(this seemed about the best place I could find to post this... do we have a general cybercrimey type thread?)
― sktsh, Wednesday, 2 October 2013 16:00 (ten years ago) link