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Darqcyde



Joined: 11 Jul 2006
Posts: 10622
Location: A false vacuum abiding in ignorance.

PostPosted: Sat Jan 05, 2013 5:37 am    Post subject: Reply with quote

Proof that if there is indeed a god, he LOVES irony:


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fritterdonut



Joined: 24 Jul 2012
Posts: 1194
Location: Hedonism

PostPosted: Sun Jan 06, 2013 3:10 pm    Post subject: Reply with quote

double post

Last edited by fritterdonut on Sun Jan 06, 2013 3:12 pm; edited 1 time in total
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fritterdonut



Joined: 24 Jul 2012
Posts: 1194
Location: Hedonism

PostPosted: Sun Jan 06, 2013 3:10 pm    Post subject: Reply with quote

I actually got 3.5 bitcoins back when they were at about $9.50 USD each. Now bitcoin's up to about $13.50 USD

Made $14 on a $33 investment. Not too shabby. I'll probably sell it whenever it looks like it's teetering on the brink of a crash.

People bash them a hell of a lot, but the main problem with bitcoin isn't that it is insecure, it's secure to the point of pretty much complete anonymity (especially if you run multiple addresses through the TOR network). When you have no traceable info, it's that much easier to just take someone's money and run.

As long as you use well known services, like the MtGox exchange, you shouldn't really have any issues with it. It's buyer beware to the max.

It interested me a while ago, when I had a (at the time) good computer and could make a decent bit of money doing CPU/GPU mining, but now that it seems to be moving into dedicated hardware that I don't have the money to afford, it doesn't interest me as much.
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Monkey Mcdermott



Joined: 10 Jul 2006
Posts: 3333

PostPosted: Sun Jan 06, 2013 6:03 pm    Post subject: Reply with quote

fritterdonut wrote:
un.

As long as you use well known services, like the MtGox exchange, you shouldn't really have any issues with it. It's buyer beware to the max.
.


I'll just leave this here
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fritterdonut



Joined: 24 Jul 2012
Posts: 1194
Location: Hedonism

PostPosted: Mon Jan 07, 2013 12:51 am    Post subject: Reply with quote

Monkey Mcdermott wrote:
fritterdonut wrote:
un.

As long as you use well known services, like the MtGox exchange, you shouldn't really have any issues with it. It's buyer beware to the max.
.


I'll just leave this here


Wikipedia wrote:
Within minutes the price rebounded to over $15 before Mt.Gox shut down their exchange and canceled all trades that happened during the hacking period.[73][74] The exchange rate of Bitcoins quickly returned to near pre-crash values.[75][76][77][78] Accounts with the equivalent of more than USD 8,750,000 were affected.


Hacking happens, even to real life banks. Also, that happened back in 2011, bitcoin was only 2 years old. In the 2 years since, security has only ever been increasing. At this point,a secure wallet, protected with a four letter password, lowercase only, can take days to crack. With the addition of capitals, numbers and symbols, and longer length the time to crack grows exponentially.

Even if you have no interest in alternate currencies, bitcoin is at the forefront of modern cryptography and information security. And as the world becomes more digital, the security lessons learnt from bitcoin might come in handy some time.
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Dennis J. Squidbunny



Joined: 09 Jul 2006
Posts: 3791
Location: AUSTRALIA YOU FAKIR

PostPosted: Mon Jan 07, 2013 12:54 am    Post subject: Reply with quote

You are the only person I have ever heard refer to bitcoins and not follow it up with hollow, mocking laughter.
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fritterdonut



Joined: 24 Jul 2012
Posts: 1194
Location: Hedonism

PostPosted: Mon Jan 07, 2013 1:36 am    Post subject: Reply with quote

Meh, I made $14, so I have no qualms with it.

Also, how did bitcoin even come up in this thread?
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Dennis J. Squidbunny



Joined: 09 Jul 2006
Posts: 3791
Location: AUSTRALIA YOU FAKIR

PostPosted: Mon Jan 07, 2013 1:52 am    Post subject: Reply with quote

Yeah, I'm not sure if $14 is really all you should be looking for in confirmation that it's a good idea. If I win $14 on a poker machine should I become a gambling addict? Like Feit? That dude is fucking disgusting.
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fritterdonut



Joined: 24 Jul 2012
Posts: 1194
Location: Hedonism

PostPosted: Mon Jan 07, 2013 2:11 am    Post subject: Reply with quote

Well I could see the use of a secure, anonymous digital banking service using currency not tied to a government or national economy.

It might be one of those good-in-theory-bad-in-practice things. Like communism. Or supersonic passenger jets.

Also, I'm kinda out of the loop and googling "Feit" in relation to gambling got me nothing. Have a link anywhere?
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Heretical Rants



Joined: 21 Jul 2009
Posts: 5344
Location: No.

PostPosted: Mon Jan 07, 2013 3:24 am    Post subject: Reply with quote

fritterdonut wrote:

Also, I'm kinda out of the loop and googling "Feit" in relation to gambling got me nothing. Have a link anywhere?

http://www.sinfest.net/phpbb2/memberlist.php
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Dennis J. Squidbunny



Joined: 09 Jul 2006
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PostPosted: Mon Jan 07, 2013 3:46 am    Post subject: Reply with quote

infinitely superior link
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Feiticeira



Joined: 09 Jul 2006
Posts: 1774

PostPosted: Mon Jan 07, 2013 5:37 am    Post subject: Reply with quote

Those are some pricey teddy bears.
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Darqcyde



Joined: 11 Jul 2006
Posts: 10622
Location: A false vacuum abiding in ignorance.

PostPosted: Mon Jan 07, 2013 6:35 am    Post subject: Reply with quote

Why Bill O'Reilly is a racist fuckwad and why I follow George Takei on twitter
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Monkey Mcdermott



Joined: 10 Jul 2006
Posts: 3333

PostPosted: Mon Jan 07, 2013 6:02 pm    Post subject: Reply with quote

fritterdonut wrote:
Monkey Mcdermott wrote:
fritterdonut wrote:
un.

As long as you use well known services, like the MtGox exchange, you shouldn't really have any issues with it. It's buyer beware to the max.
.


I'll just leave this here


Wikipedia wrote:
Within minutes the price rebounded to over $15 before Mt.Gox shut down their exchange and canceled all trades that happened during the hacking period.[73][74] The exchange rate of Bitcoins quickly returned to near pre-crash values.[75][76][77][78] Accounts with the equivalent of more than USD 8,750,000 were affected.


Hacking happens, even to real life banks. Also, that happened back in 2011, bitcoin was only 2 years old. In the 2 years since, security has only ever been increasing. At this point,a secure wallet, protected with a four letter password, lowercase only, can take days to crack. With the addition of capitals, numbers and symbols, and longer length the time to crack grows exponentially.

Even if you have no interest in alternate currencies, bitcoin is at the forefront of modern cryptography and information security. And as the world becomes more digital, the security lessons learnt from bitcoin might come in handy some time.


So you're just going to ignore all those other instances of bitcoin sites scamming and or being hacked that happened like... 6 months ago or so?

Starting to understand why you might think they're a good idea.

*hollow mocking laughter*
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Darqcyde



Joined: 11 Jul 2006
Posts: 10622
Location: A false vacuum abiding in ignorance.

PostPosted: Mon Jan 07, 2013 7:45 pm    Post subject: Reply with quote

What issues? Rolling Eyes
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