that's a wrap

5/5/2016 9:57:08 AM

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

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

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

6/13/2016 9:26:26 AM

HIIYOOOO

1/4/2017 8:50:22 PM

So could someone post a good resource on what bitcoin is and how to obtain them?

1/4/2017 10:49:30 PM

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

Don't you get tired of being so grouchy?

1/5/2017 10:06:00 AM

They're gonna put "INDEFATIGABLE" on my tombstone.

1/5/2017 10:21:55 AM

I own some through coinbase. Also own some of those Ethereum things they sell now.

1/5/2017 11:44:12 AM

COIN ETF set to have an announcement this week. Could cause a huge pop in price.

3/6/2017 1:05:26 PM

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

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

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

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

^ 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

^^^^ "Folding @ home"

3/9/2017 7:02:00 PM

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

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

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

like assassins ? or prostitutes? I'm actually legit curious.

3/12/2017 9:25:56 AM

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

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

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

I bought some ethereum and its up 400%.

Lolzzzzzz

3/16/2017 9:26:07 AM

It's only worth what you can actually get for it.

3/24/2017 1:16:17 AM

well bitcoin is past $1300 and ethereum is close to $70.

4/28/2017 2:31:32 PM

$1546

5/3/2017 10:10:21 PM

Good lord it's over $1600 and ethereum is almost $100

5/5/2017 7:29:33 AM

https://www.forbes.com/sites/realspin/2017/02/03/why-venezuelas-currency-crisis-is-a-case-study-for-bitcoin/#50b9a64119b2

Quote :

"With the Venezuelan bolivar essentially worthless and supplies rapidly running out, Bitcoin is rising as an answer. According to Bitcoin brokerage Surbitcoin.com, the number of Venezuelan users skyrocketed, from 450 in August 2014 to more than 85,000 in November 2016."

Wonder when it's going to crash back down to like $1000--still 10 times higher than it was you the peanut gallery predicted a crash in like 2013.

Some interesting things that have happened after this thread started:
Bitcoin helped me at work, I implemented a proof of work protocol on a project back in 2013.
The little piddly amount I still had when I was following it is now up by a factor of 10--it's back to real money again.
Coinbase is making > $500,000 a day in transaction fees selling the stuff.
The number of brick and mortar stores that take bitcoin around me comes in around 20
I can even rent planes at the flight school I frequent!
There are a bunch of block chain startups around LA. One does financial trust hardware devices for verifying contracts. Have some big customers too!
My local mall has a bitcoin ATM.


[Edited on May 10, 2017 at 5:21 PM. Reason : a]

5/10/2017 5:14:43 PM

as long as the value keeps rising like it does relative to the USD, why would you ever spend it at a store or on flying lessons?

5/11/2017 10:29:06 AM

5/11/2017 7:17:36 PM

there is a limit to how much bitcoin value you can have?

5/14/2017 12:06:50 PM

I buy a little every week. If I spend some I buy more in whatever amount.

5/14/2017 8:47:53 PM

https://ca.finance.yahoo.com/news/bought-100-bitcoin-7-years-081400870.html



[Edited on May 22, 2017 at 11:14 PM. Reason : ...]

5/22/2017 11:08:48 PM

Christ. $2251

5/23/2017 8:06:34 AM

why would you spend any bitcoin right now?

5/23/2017 8:50:19 AM

^ duh. drugs.

5/23/2017 3:10:07 PM

Ethereum is having a hell of a run too.

5/24/2017 1:49:52 AM

insane!

5/24/2017 1:18:52 PM

I read through the beginning of this thread and it's entertaining. Forgot how nuts geniusboy was.

5/24/2017 1:49:49 PM

TH is this??

https://thebillioncoin.info

https://thebillioncoin.info/tbc_formula.php

Quote :

"The Billion Coin Membership Agreement The formula begins with a membership agreement. All members of The Billion Coin community agree that this coin will never go down in value; it can only go up in price. This agreement is hinged on a software program that drives the price of TBC up by 1% to 5% daily until it reaches its Ultimate Price."

Started at 0.001 Euro/TBC in March 2016, now worth 36,789 Euros/TBC

https://thebillioncoin.info/tbc_chart_current.php



Anybody know about this? Pls, I hv a match 2nite, shd I by r not???

6/6/2017 6:50:21 PM

That's a literal ponzi scheme.

6/7/2017 11:33:36 AM

Quote :

"Coinbase is making > $500,000 a day in transaction fees selling the stuff. "

Coinbase is a super slick app.

6/17/2017 10:06:49 AM

Is anyone on here buying Ethereum? Seems like it might overtake Bitcoin.

7/25/2017 10:02:06 AM

A little, made a bank contract and have messed around with some of the development tools for ethereum. It's a pretty impressive tech with some interesting use cases.

The community also seems filled with scammers to even a larger extent than BTC.

Cool intro to truffle and solidity: https://m.youtube.com/watch?v=8jI1TuEaTro

[Edited on July 25, 2017 at 10:34 AM. Reason : A]

7/25/2017 10:33:22 AM

I started buying BTC and Etheruem on Coinbase. I think I'm going to dollar cost average my way into them over the next few months. Is it safe to leave them on the exchange after purchasing?

7/25/2017 12:11:32 PM

Also, what is up with the fork that is coming up on 1st Aug?

7/25/2017 3:31:44 PM

A guy here got his coinbase account frozen after he left the country. He'd had the account for years. Took him weeks to get a customer service person.

Beware I guess if you do that. The fork is scary--could be good, could be bad.

7/25/2017 5:01:10 PM

So where do you store your BTC? I didn't know about this fork when I placed my order yesterday and the currency is set to arrive in my account on the 1st of Aug. What should I do?

[Edited on July 25, 2017 at 5:16 PM. Reason : .]

7/25/2017 5:06:49 PM