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A Tanzarian
salad syrup
8655 Posts
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Quote :
"He used things like reverse Polish notation."


I use RPN.

I am Satoshi Nakamoto.

Mystery solved.

3/9/2014 12:17:56 PM

ThatGoodLock
All American
5697 Posts
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I'm much more entertained by the hacking of Mark Karpeles internal documents than this Satoshi stuff

3/9/2014 2:04:18 PM

moron
All American
30307 Posts
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Outside of hp calculators, what do people use Rpn for?

3/9/2014 10:57:50 PM

CaelNCSU
All American
6084 Posts
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Clojure.

3/9/2014 11:51:25 PM

synapse
play so hard
53972 Posts
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http://blogs.reuters.com/felix-salmon/2014/03/10/satoshi-why-newsweek-isnt-convincing/

http://economictimes.indiatimes.com/news/international/business/is-dorian-nakamoto-the-bitcoin-owner-or-is-this-a-big-con/articleshow/31750522.cms

3/10/2014 10:54:09 AM

EuroTitToss
All American
4741 Posts
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Yea, good articles. Points out exactly what I've been saying. The Newsweek article is a bunch of profoundly dumb reasons tacked onto a "smoking gun."

Quote :
"And then there's the smoking gun — the quote that he gave to Goodman when she arrived at his doorstep. "


I had forgotten: Goodman used double spaces in the Bitcoin white paper as evidence (half the people I know do this) but didn't consider Dorian's broken English whatsoever. Big fucking facepalm.

3/10/2014 12:37:54 PM

synapse
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53972 Posts
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Quote :
"but didn't consider Dorian's broken English whatsoever"


More like "didn't address"...probably considered, but it didn't support her narrative.

3/10/2014 12:40:18 PM

aaronburro
Sup, B
51556 Posts
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Wait, I use double spaces after periods... Maybe I invented BitCoin...

3/10/2014 9:55:23 PM

dannydigtl
All American
18293 Posts
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http://arstechnica.com/information-technology/2014/03/ars-buys-bitcoins-at-one-of-the-countrys-only-bitcoin-atms/

My gf works in South Station. She's going to buy some bit coinage tomorrow at this ATM.

3/10/2014 10:30:55 PM

EuroTitToss
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4741 Posts
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Quote :
"Dorian Satoshi Nakamoto, the man named by Newsweek as the creator of virtual currency Bitcoin, has taken on a lawyer to "clear his name", the 64-year-old said in a statement....

"The first time I heard the term 'bitcoin' was from my son in mid-February 2014.

"After being contacted by a reporter, my son called me and used the word, which I had never before heard.

"Shortly thereafter, the reporter confronted me at my home. I called the police. I never consented to speak with the reporter. In an ensuing discussion with a reporter from the Associated Press, I called the technology 'bitcom'. I was still unfamiliar with the term.""

http://www.bbc.com/news/technology-10535493

In order to still believe the Newsweek story, you need to think this guy hatched a brilliant plan to protect his identity by acting like a clueless old man and calling Bitcoin "bitcom."

And simultaneously you have to believe, during the execution of his brilliant plan, he goofed and unambiguously confessed to his involvement in Bitcoin.

[Edited on March 17, 2014 at 10:27 AM. Reason : How the fuck.]

3/17/2014 10:24:21 AM

JT3bucky
All American
22319 Posts
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So the IRS now says they can tax bitcoin because it is a property and not a currency.

thoughts?

3/25/2014 4:48:47 PM

Master_Yoda
All American
3626 Posts
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^This is going to end up in court. A US federal judge already declared it a currency. I can understand the IRS wanting to claim it for tax purposes, but I dont see why it cant be valued as a currency. They are more likely to get more out of it if they do.

Whos to not claim that they lost money mining the coins vs when they cashed out. Then its a tax break for them. That and try to make all these exchanges actually submit tax documents, along with all the offshore banks to follow US regulations.

3/25/2014 8:57:00 PM

moron
All American
30307 Posts
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i wonder how they're going to value it. Clearly the exchanges are sketchy, how are they going to know which are good enough to determine a value?

3/27/2014 8:58:59 PM

lewisje
All American
9191 Posts
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http://www.reddit.com/r/Bitcoin/comments/1uccfz/i_am_a_tax_attorney_here_are_my_answers_to_the/
tl;dr: If you keep good records, stick with FIFO; without records, the IRS assumes a $0 basis so all Bitcoin sales, or purchases with Bitcoin, would get fully taxed at the short-term capital-gains rate.

3/28/2014 6:34:58 AM

DeltaBeta
All American
9406 Posts
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It's property eh... So I wonder if my homeowner's insurance will cover my 2700 BTC in a paper wallet that got burned up in a fire.

I bet the insurance lobby will put an end to this property bullshit with a quickness.

3/28/2014 9:54:23 AM

synapse
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53972 Posts
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http://gawker.com/watch-a-bitcoin-booster-literally-eat-his-hat-1552837998

3/28/2014 10:43:35 AM

lewisje
All American
9191 Posts
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^^if you have no proof that you really owned that wallet then sux2bu

anyway here's how reddit reacted: http://buttcoin.org/irs-rules-bitcoin-actually-news

3/30/2014 4:25:08 AM

DeltaBeta
All American
9406 Posts
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^ That's the point. How would you prove it? It's the same as if I had 10g's in dollarbucks that got burned up. It's not property. It's currency.

[Edited on March 30, 2014 at 9:19 AM. Reason : *]

3/30/2014 9:18:43 AM

CuntPunter
Veteran
429 Posts
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Da fuk? How do you "prove" anything was burned in a fire?

3/30/2014 1:17:33 PM

lewisje
All American
9191 Posts
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^keeping records stored offsite

3/30/2014 2:13:16 PM

dweedle
All American
77093 Posts
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dropping and dropping

4/10/2014 6:41:20 PM

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So you guys shoulda sold off when they were worth $1000?

4/10/2014 11:42:27 PM

moron
All American
30307 Posts
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http://hackingdistributed.com/2014/04/06/another-one-bites-the-dust-flexcoin/

Really good article on flex coin, and some existing flaws in btc exchanges (not btc itself), and distributed databases

4/11/2014 10:01:39 AM

lewisje
All American
9191 Posts
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5/3/2014 3:48:43 AM

kiljadn
All American
44626 Posts
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HAHAHAHA

5/3/2014 11:03:03 AM

moron
All American
30307 Posts
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^^ ha, got me.

5/3/2014 4:34:48 PM

Smath74
All American
93084 Posts
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http://www.foxnews.com/tech/2014/05/04/department-defense-to-study-bitcoin-as-terrorist-threat/?intcmp=obnetwork

5/5/2014 10:29:53 AM

dweedle
All American
77093 Posts
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surging lately

back up to $655

6/1/2014 11:10:23 AM

CaelNCSU
All American
6084 Posts
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I bought just three again when it was in the high $500s. Can't possibly be as volatile as my options portfolio.

6/2/2014 12:16:47 PM

dweedle
All American
77093 Posts
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wish I bought some more when it was down to 320ish

6/2/2014 8:00:45 PM

mellocj
All American
1825 Posts
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just purchased @ $470

8/18/2014 2:56:05 PM

FroshKiller
All American
50781 Posts
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this fucking thread

it's a monument to crass consumption

a golden idol

no one fucking cares what you bought at what price

or what price you sold it at

and your rebuttal (in that small, secret voice that echoes from the hole where your soul used to nest):

"all i know is i made more money"

if i were marko you would get such an image posted

8/18/2014 3:05:15 PM

moron
All American
30307 Posts
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supposedly amazon might start accepting soon

8/18/2014 3:25:39 PM

shoot
All American
5729 Posts
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http://www.cryptolina.com/

Anyone went there?

8/18/2014 3:30:01 PM

CaelNCSU
All American
6084 Posts
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There are lots of online merchants accepting them through Coinbase: TigerDirect, Dell and Expedia. The problems attaining them still exist and it doesn't offer anything over credit card if you are buying something from a reputable online merchant and is arguably worse experience if you have to buy the bitcoin and then use them.

If you are buying drugs online or donating to something like Wikileaks then it's still strong there.

8/18/2014 5:29:21 PM

Walter
All American
6114 Posts
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Quote :
"bitcoin is going to be the next Beanie Babies"

12/24/2014 11:45:53 PM

lewisje
All American
9191 Posts
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:wat"

https://i.imgur.com/gwJKs13.png

(huge screenshot of article about "how to explain Bitcoin at Christmas")

12/25/2014 11:12:20 AM

lewisje
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Is anyone ITT planning to make the leap: http://www.washingtonpost.com/blogs/wonkblog/wp/2015/01/14/bitcoin-is-revealed-a-ponzi-scheme-for-redistributing-wealth-from-one-libertarian-to-another/

Quote :
"But all that borrowing hasn't paid off now that Bitcoin prices are free falling. In fact, it's part of the reason that they're doing so. Bitcoin prices are so low, you see, that miners are spending more money running their supercomputers than they're making from new coins. So why are they still going? Well, they have dollar debts that they need to pay back, and where else are they going to get the money? They're stuck, in other words, in a catch-22: they can't afford to keep mining, but they can't afford to stop mining, either. (This, coincidentally, is the same dilemma that oil drillers who borrowed a lot during the boom face now during the bust). This has already forced one big mining group into default. And it's forced the rest to sell the only assets they have—Bitcoins—to pay back their dollar debts. That, of course, only pushes the price of Bitcoin down even further, which makes even more miners sell their Bitcoins to pay back they owe as mining becomes more unprofitable. And so on, and so on.

Bitcoin, in other words, is suffering a deleveraging shock like the one that our economy in 2008, but without a Federal Reserve to cushion the blow. That means this doom loop of debt and Bitcoin deflation could take prices down a lot further still."
I mean Bitcoin will rise in value over the long run but this is the greatest volatility I've ever seen.

1/15/2015 7:34:03 AM

quagmire02
All American
44225 Posts
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all i know is that i sold when it topped $1k, so i'm sitting on a pile of real cash, not this fake shit

1/15/2015 7:53:46 AM

Wolfmarsh
What?
5923 Posts
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Bitcoin was good to me. I made a few thousand dollars and donated most of it to charity and padded my steam account through Humble Bundle.

I have 99 games on Steam I've never even played.

https://steamdb.info/calculator/76561197982092609/

1/15/2015 8:34:28 AM

lewisje
All American
9191 Posts
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thus spake Zotamedu
Quote :
"A website called CoinDuble showed up and promised to double any coins deposited in just 100 hours. Only bitcoiners were surprised when they suddenly took all coins and ran."
https://www.reddit.com/r/Buttcoin/comments/2sb0pl/just_when_i_thought_i_was_out_they_pulled_me_back/cnntyw0

1/18/2015 3:30:20 AM

synapse
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53972 Posts
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http://motherboard.vice.com/read/bitcoin-is-unsustainable

6/29/2015 2:36:30 PM

EuroTitToss
All American
4741 Posts
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So a guy came forward claiming to be Satoshi.

http://www.bbc.com/news/technology-36168863

http://www.economist.com/news/briefings/21698061-craig-steven-wright-claims-be-satoshi-nakamoto-bitcoin

https://www.wired.com/2015/12/bitcoins-creator-satoshi-nakamoto-is-probably-this-unknown-australian-genius/

He duped several news organizations and even Gavin Andresen, one of the core developers.

https://www.reddit.com/r/btc/comments/4hfyyo/gavin_can_you_please_detail_all_parts_of_the/d2plygg

Turns out Wright gave demonstrations on his own computer. Long story short, he took an early transaction off the block chain and tried to make it seem like he was able to sign an arbitrary message (spoilers: he wasn't, but on his own machine he can make it look like anything). Andresen "verified" this signature, but he didn't have access to the original message. Most likely just a hash, which he assumed was a hash of his message, but was really just junk bytes from the old transaction.

https://dankaminsky.com/2016/05/02/validating-satoshi-or-not/

https://www.reddit.com/r/btc/comments/4hfyyo/gavin_can_you_please_detail_all_parts_of_the/d2poy67

fucking LOLZ. when will people learn some common sense?

5/2/2016 1:24:36 PM

krallum2016
All American
1356 Posts
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So what are bitcoins anyways

5/2/2016 4:07:49 PM

synapse
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53972 Posts
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Quote :
"Security researcher Dan Kaminsky is particularly harsh. "This is a scam," he wrote in a Monday blog post. "Not maybe. Not possibly. Wright’s done classic misdirection by generating different scams for different audiences.""


http://www.vox.com/2016/5/2/11567284/craig-wright-bitcoin-hoax

5/2/2016 4:20:45 PM

EuroTitToss
All American
4741 Posts
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Probably nobody gives a shit, but I wrote a little something in an attempt to summarize this: http://jere.in/dr-wrong-and-the-art-of-digital-misdirection

Tons of typos in it BTW because I wrote it at 4am.

5/4/2016 11:28:42 AM

TreeTwista10
PartyFanaticColonel
137200 Posts
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That's a good job explaining it to morons like me, actually

5/4/2016 6:42:51 PM

EuroTitToss
All American
4741 Posts
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thanks

5/4/2016 7:43:20 PM

TreeTwista10
PartyFanaticColonel
137200 Posts
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The candid language and mspaint scribble made me feel comfortable and in my element as I read the rest

5/4/2016 10:25:23 PM

BigMan157
Suspended
102553 Posts
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http://www.drcraigwright.net/

lol

5/5/2016 9:19:06 AM

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