Bitcoin
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- 20020
"with no central server or trusted parties"
when you cash it.....
- CableStudios0
- WHAT DOES THIS MEAN?2002
- going to crashCableStudios
- pff same graph was used last week to show it was going up. these graphs are meaningless shithans_glib
- prophetone0
pffft, so behind the times u guys. it's all about BRONYCOIN now... http://www.bronycoin.com
- 20020
Screw this I am making my own beanie baby doge coin
- drgs0
how do you pronounce "doge"?
- like 'moog'prophetone
- dohjBabySnakes
- how do you pronounce "dohj"?drgs
- slutZOOP
- doggy?
Senz
- CableStudios0
A Bloomberg TV Host Gifted Bitcoin On Air And It Immediately Got Stolen
- ernexbcn0
I read today that gamers are pissed because ATI video cards are sold out or getting expensive, some people are even selling used cards at good price on eBay to litecoin/dogecoin miners.
No point on mining bitcoin with GPU at this point, you need some ASIC miner hardware if what I read is right.
But still, lots of people want to mine the new alt currencies and are buying all the ATI GPU cards they can find.
- that is very interesting.2002
- the ASIC stuff is in low supply, GPU's are still the bread and butter until supply catches up to demand.monNom
- They're using them for scrypt coins not bitcoinanimatedgif
- CableStudios0
- http://howtobuybitco…CableStudios
- another stupid ass meaninglness graphhans_glib
- drgs0
christmas sale on bitcoins, 50% off
- Arkan0
Не морате да купите нешто новца?
- epic_rim0
I think iTraded my Ɖogecoins for LØL©ubez
can someone explain how to convert these to cash so i can order a pizza.- I think you got suckered :/ZOOP
- mine LØL©ubez ?BabySnakes
- http://s3-ec.buzzfed…ZOOP
- reanimate0
- great video, this exactly what it's all aboutZOOP
- what it's all about? It's going back to the stone ages so criminals, hackers, drug dealers, terrorists can spend their money anonymouslymonolith
- their money anonymously.monolith
- they couldn't do that with cash?
ummm...ZOOP - btw I was referring to the 6 1/2 billion people that need this to workZOOP
- inteliboy0
Months of looking at all these stupid charts with silly lines and arrows, and I've learnt one thing: No-one has any idea what so ever where bitcoin is going.
- monolith0
@reanimate - that video
Just to clarify a couple of things he conveniently avoided saying.
1) Mt. Gox started as Magic the Gathering playcard exchange site. Now it is basically "a money" - bitcoin exchange ran by a single individual. In essence, that ONE person makes all the money from the transactions and if he gets hacked or decides to split with your bitcoins you are done. The reason almost all exchanges are done by individuals is because there's no regulation or oversight.
So whoever thinks this is great is an idiot.
2) Your bitcoins can be stolen very easily and for most people it's a moving target by hackers. If you think that it's "safe" you are again an idiot. If you need to keep your keys on paper in a bank safe then we might as well go back to the stone ages and stuff our mattresses with gold. Because that's what it really is.
3) With bitcoin you can kiss your "refunds" goodbye. That's it.. yeah, I see why merchants love it.. cause once you part with bitcoins it's gone. There is a reason why you pay fees and have central authority with currencies. It's because the government, the country's GDP and other factors guarantee you that your money is protected aka federally insured.
4) He explains wonderfully what mixers/tumblers do.. what he really doesn't tell you that it's plain and simple MONEY LAUNDERING aka criminal activity.
5) The amount of energy that will be exponentially used to mine bitcoins by his 2140 is going to literally destroy our planet as it exponentially grows with the harder block chain mining.
6) Fun fact: Did you know that almost half of all bitcoins is owned by 47 people that "mined" themselves bitcoins for nothing when it first started and now total of about 900 people in the whole world own majority of bitcoins? Pyramid scheme much?
7) Fun fact: Satoshi Nakamoto is an unknown person who coded and "invented" bitcoin on forums. He suddenly disappeared right after he launched it. Funny how that goes. I guess you deserve everything you get when you use and support with such verocity and conviction something invented by someone who has done very hard to keep his identity hidden and you have no idea. Not to mention implications of possible breach by the person who created it despite being "open source". He coded the encoding algorithms.
8) Bitcoins today are mostly LOVED by criminals, hackers, murderers and alikes because it really is something perfectly made for THEM, not the general population. For the most part, you as a regular individual have absolutely little gain from Bitcoin's "features".
9) He is very delusional if he thinks that an alternate crypto-currency will just pick up when/if Bitcoin fails. When Bitcoin fails every other crypto-currency will drop like a brick.
Fun fact graph (what happens when Bitcoin crashes):
Anyone who puts their money in this stuff really deserves everything they get when it inevitably falls apart.
- lolCableStudios
- that #6 fun fact is wrong, it's 28% not half, but it is fun to make stuff up I guess :/ZOOP
- Someone missed the boatanimatedgif
- monolith0
btw if you want to know what's wrong (mostly in technical terms) with Bitcoin I highly suggest you read Ben Laurie's document about decentralized crypto-currency.
http://www.links.org/files/decen…
Btw, for those who don't know Ben Laurie is a software engineer, protocol designer and cryptographer. He is a founding director of The Apache Software Foundation, a core team member of OpenSSL.
So it's safe to say this man knows really well what he's talking about.
- monolith0
repost as the link didn't get embedded
- monolith0
An example from economy books on stages of bubbles:
