Bitcoins

John LawMod> Scott Bateman
•an hour ago
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John Law simply shrugs his shoulders and buys more digicoins with his morning paper.

8 △ 1 ▽

How many digicoins is your morning paper worth?

anyone into dogecoins?

good domain name for magic the gathering soon to be available

http://i.imgur.com/kvzCnG8.jpg

http://money.msn.com/business-news/article.aspx?feed=AP&date=20140225&id=17378845&ocid=ansmony11

probably a good time to buy bitcoin right now really

it's never a bad time to buy bitcoins

iiiinteresting

https://blockchain.info/address/1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew

I'm surprised it bounced back as much as it has -- it was as low as $400 last night, now it's at $517.

frogbs, explain?

it appears that 782,556 BTC just went through some wallet which means a ton of BTC (like, 3-4% of all that could ever exist) is being tumbled (laundered) as we speak

it's never a bad time to buy bitcoins

― iatee, Tuesday, February 25, 2014 10:27 AM (12 minutes ago) Bookmark Flag Post Permalink

lol

it appears that 782,556 BTC just went through some wallet which means a ton of BTC (like, 3-4% of all that could ever exist) is being tumbled (laundered) as we speak

― frogbs, Tuesday, February 25, 2014 3:39 PM (10 minutes ago) Bookmark Flag Post Permalink

Bruce Sterling ‏@bruces Protected Tweets 18m

*It would also be poetic if a genius embezzler stole 744,000 Bitcoins that, through his own theft, were reduced to utter worthlessness.

was wondering what happens to the value once all of the bitcoins are stolen

simply supply and demand if the supply goes to zero the price approaches infinity

New message up:

Dear MtGox Customers,

In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.

Best regards,
MtGox Team

https://www.mtgox.com

In the event of recent news reports

Dear MtGox Customers,

Haha we got yr money, sucks to be you.

Best regards,
MtGox Team

In the event of recent news reports

the greatest opening clause in the history of the internet

barnabus @othersome

Follow

this is the first sign that there may be a problem in keeping pretend dollars inside your computer

1:33 AM - 25 Feb 2014

I personally believe that Mt Gox users are unable to do so because, uh, some, uh, people out there in our nation don't have bitcoin and, uh, I believe that our economy like such as in Mt Gox and, uh, the Coinbase, everywhere like such as, and, I believe that they should, our exchanges over here in the U.S. should help the U.S., uh, or, uh, should help Mt Gox and should help the Coinfloor and the Asian bitcoins, so we will be able to build up our future

loll (under: "Gox's new ownership")

Here is the process we are going to put in place. We've set up a wallet here:

1EgQ4pz8bEBn2LNGxgSVcTNHyS5xm1fpxZ -

If you send a small transaction to this wallet, using the wallet that originally sent coins to Gox, we will be able to trace back to your wallet once we have entered the recovery phase.

Include a note in this transaction of your reddit username and leave a comment in the thread below.

Think of this as a sort of Paypal verification step, we will send the amount back to you shortly after you've sent it and will then have your data on file to receive your Mt. Gox holdings after we've completed the recovery.

The order of processing refunds will be determined by sorting the size of the sum total of transactions sent from your source address to the verification wallet in descending order. That way there is no unfair advantage to those who saw this message first, and those who have the strongest need to recover what was lost will recover their bitcoins or fiat first.

bravo aero

Include a note in this transaction of your reddit username and leave a comment in the thread below.

So it Mt. Gox a reddit thing? Or do they just assume that the overlap ot bitcoin users and redditors is basically 100%?

ha i was guessing the latter

I think that's a joke. Sort of like saying: "Anyone who lost Bitcoins please post your bank account number, routing information, social security number and credit card information and I'll make sure you get a refund."

My friend has a mining machine that runs 24/7 and it is LOUD.

the carbon footprint of dogecoin mining

good domain name for magic the gathering soon to be available

http://www.abugames.com/images/products/magic2014m14/pillarfieldox.jpg

Very fitting text too

XP: Cryptocoin mining is has brought a worldwide shortage of the high-to-medium range AMD graphics cards for the past 3 months.

AMD graphics card pricing skyrockets due to cryptocurrency mining, could kill AMD’s gaming efforts

A typical setup would be two cards (cost $1400-$3000) drawing 700-1000 watts for the machine.

Pretty much the first time cryptocurrencies have effected me personally (I'm a big fan of Mackey's Extraordinary Popular Delusions and the Madness of Crowds), as AMD has an intriguing API (Mantle) and I'm about to build a new midrange gaming rig.

i won like .0045 of a bitcoin but cant get it because i owl ended more to have it sent to a wallet

bitcoinplus

I think someone should invent the Obamacoin

ok so there is a chance that MtGox literally just lost their private key

http://money.cnn.com/2014/02/28/investing/mt-gox-bankruptcy/index.html?hpt=hp_t2

this whole thing has been amazing to watch

def feel p stupid for not getting in on this stealing bitcoins thing early

its about time this got the Taiwanese Animation treatment

https://www.youtube.com/watch?v=fVobjVZK6ho&noredirect=1

http://i.imgur.com/JFRz2QV.gif

Comments on this - http://valleywag.gawker.com/bitcoin-kingpin-admits-everyones-money-is-gone-1533315083 - are pure gold. (As is the line Funny, how these people only want anything to do with the government after they've fucked themselves over into another dimension.) My favorite:

Here's how Bitcoin works - you give your money to a beefy libertarian video game company executive in a foreign country (who speaks damn good Japanese for a Gaijin), he does some bullshit computer razzmataz, you tell all your friends "I'm free of Fiat Money - John Galt Rules!".....and then your money is gone.

OMG the "massive bitcoin boners" part

speculation!

anyway once you put your money in a bank it seems like its almost the same at a virtual currency - its just numbers in a database

numbers in a database with FDIC protection

oh yeah! (slaps forehead as bitcoins dissolve to thin air)

fiat numbers

disruption, innovation

its not much different I guess than the stock market - specualtion

yeah, but no one is claiming stocks as a new form of currency that will usher in a libertarian utopia

they should! "Can I buy a ham for three shares of Earthlink?"

YES

its pretty differnt than stocks

http://money.cnn.com/2014/02/28/investing/mt-gox-bankruptcy/index.html?hpt=hp_t2

xpost xpost - yes the irony is thick "we do not need the government to deal with money" --- "Oh wait - laws prevent crimes"

seems more like a commodity than stock or currency, with all the speculation, constrained supply, wild spikes in value, like a virtual equivalent to a precious metal like gold

I mean they even call it bitcoin mining

its a fiat commodity