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EuroTitToss
All American
4734 Posts
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that's a wrap

5/5/2016 9:57:08 AM

0EPII1
All American
39522 Posts
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I guess I will never understand this shit

http://www.bbc.com/future/story/20160504-we-looked-inside-a-secret-chinese-bitcoin-mine

5/7/2016 9:55:18 PM

EuroTitToss
All American
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Reading that article made me finally want to read this one:

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7

I hadn't been paying too much attention to Bitcoin outside of this Craig Wright thing.... it sounds like Bitcoin is proper fucked.

5/8/2016 10:11:28 AM

EuroTitToss
All American
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Bubbling up again. Has hovered around $400 for months and blew past $700 just now.

6/13/2016 9:26:26 AM

Dentaldamn
All American
9021 Posts
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HIIYOOOO

1/4/2017 8:50:22 PM

rjrumfel
All American
19336 Posts
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So could someone post a good resource on what bitcoin is and how to obtain them?

1/4/2017 10:49:30 PM

FroshKiller
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Sure, maybe this will help: A bitcoin is a number made up by a program running on either a bunch of graphics cards a fat nerd bought or a bunch of computers held hostage by Chinese or Russian ransomware. Nerds are willing to exchange actual money, goods, and services for these made-up numbers.

To get these made-up numbers, you steal them from plaintext "wallet" files the nerds store on their computers' desktops. You can hack the nerd's computer, talk your way into the nerd's room, or just roll the nerd in the parking lot.

[Edited on January 5, 2017 at 9:15 AM. Reason : Clarification.]

1/5/2017 9:14:49 AM

Wolfmarsh
What?
5888 Posts
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Don't you get tired of being so grouchy?

1/5/2017 10:06:00 AM

FroshKiller
All American
50342 Posts
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They're gonna put "INDEFATIGABLE" on my tombstone.

1/5/2017 10:21:55 AM

Dentaldamn
All American
9021 Posts
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I own some through coinbase. Also own some of those Ethereum things they sell now.

1/5/2017 11:44:12 AM

CaelNCSU
All American
6036 Posts
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COIN ETF set to have an announcement this week. Could cause a huge pop in price.

3/6/2017 1:05:26 PM

colangus
Veteran
499 Posts
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Any info on where to buy BTC locally or paypal?

I've checked out localbitcoins.com but too much BS.

3/6/2017 11:16:54 PM

moron
All American
30073 Posts
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Are there still people mining bitcoin?

Seems like when the first quantum computer cracks a bitcoin or mines one, the price will drop-- would be a good buying opportunity then.

[Edited on March 7, 2017 at 12:35 AM. Reason : ]

3/7/2017 12:31:24 AM

JT3bucky
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that's what my roomate was asking about, I swear NCSU had a group of guys that mined together on some network...
I could be wrong.

3/7/2017 1:38:38 AM

rjrumfel
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Is it possible for a normal person to mine them? By normal I mean some guy in his house with a few laptops with extra cycles to spare?

3/8/2017 8:41:22 AM

moron
All American
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^ short answer is no

People are using ASIC miners now

I think China state actors are a majority of mining activity, I've read but not sure this is still the case.

3/8/2017 11:25:15 PM

Novicane
All American
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^^^^ "Folding @ home"

3/9/2017 7:02:00 PM

dtownral
All American
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Quote :
"Seems like when the first quantum computer cracks a bitcoin or mines one, the price will drop-- would be a good buying opportunity then."


buying right when prices are dropping?

3/10/2017 1:24:02 PM

moron
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ha after they bottom out then... hopefully they would implement upgrades to the system to then compensate (if they don't already have these planned).

3/10/2017 4:24:55 PM

Novicane
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ive started using bit coin more to pay for services that arent exactly legal. so far im enoying the unregulation and anonymity associated with it.

3/12/2017 5:55:27 AM

ssclark
Black and Proud
13888 Posts
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like assassins ? or prostitutes? I'm actually legit curious.

3/12/2017 9:25:56 AM

CaelNCSU
All American
6036 Posts
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Is amazing to me that with the revelations of Snowden, and the new CIA leaks, that anyone thinks anything you do with an electronic device is anonymous.

[Edited on March 12, 2017 at 11:29 AM. Reason : a]

3/12/2017 11:28:42 AM

EuroTitToss
All American
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Does the CIA give a shit about Novicane's drug usage?

I think the more important point is that bitcoin isn't anonymous by design.

Quote :
"ha after they bottom out then... hopefully they would implement upgrades to the system to then compensate (if they don't already have these planned)."


the mining difficulty adjusts automatically, which is one of the clever things about it

[Edited on March 13, 2017 at 9:58 PM. Reason : asfdasfa]

3/13/2017 9:57:21 PM

dtownral
All American
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Quote :
"ha after they bottom out then"

you're kind of missing the hard part of investing though, you never know when they have bottomed out

3/14/2017 9:45:27 AM

Dentaldamn
All American
9021 Posts
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I bought some ethereum and its up 400%.

Lolzzzzzz

3/16/2017 9:26:07 AM

Arab13
Art Vandelay
45063 Posts
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It's only worth what you can actually get for it.

3/24/2017 1:16:17 AM

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