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Bitcoins! Cargo Cult Economy of the Future!
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Heretical Rants



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

PostPosted: Sun Aug 03, 2014 12:00 am    Post subject: Reply with quote

<3 Thy
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Echo



Joined: 18 Jul 2013
Posts: 705

PostPosted: Wed Aug 06, 2014 11:38 am    Post subject: Reply with quote

Good news! After the London banks have been caught mis-selling insurance and interest rate swaps, and heavily fined for rigging interest rates, the UK Chancellor wants them to exploit the new virtual currencies and is "looking to turn the UK into a centre for virtual currency trade" as part of a "plan to stimulate innovation in the financial technology (fintech) sector". What can possibly go wrong?
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jwadd



Joined: 26 Jun 2007
Posts: 146

PostPosted: Thu Aug 07, 2014 6:26 pm    Post subject: Reply with quote

I have 10k dogecoin

I need more
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WheelsOfConfusion



Joined: 09 Jul 2006
Posts: 12313
Location: Unknown Kaddath

PostPosted: Sat Sep 06, 2014 3:36 am    Post subject: Reply with quote

Bitcoin exchangers Charles Shrem, Robert Faiella plead guilty to federal charges
Quote:
On Thursday two prominent Bitcoin supporters, Robert Faiella and Charles Shrem, pleaded guilty to federal charges in a Federal District Court in Manhattan. Faiella, 54, was also known as BTCKing and admitted to operating an unlicensed money transmitting business on Silk Road. Shrem, 24, was formerly the CEO of BitInstant and is one of the founding members of the Bitcoin Foundation. He pleaded guilty to aiding and abetting the operation of an unlicensed money transmitting business.
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Darqcyde



Joined: 11 Jul 2006
Posts: 10626
Location: A false vacuum abiding in ignorance.

PostPosted: Sat Sep 06, 2014 4:18 am    Post subject: Reply with quote

Guess who else was using bitcoins Wink
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...if a single leaf holds the eye, it will be as if the remaining leaves were not there.
http://about.me/omardrake
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Thy Brilliance



Joined: 09 Jul 2006
Posts: 3601
Location: Relative

PostPosted: Sat Sep 06, 2014 12:01 pm    Post subject: BWAHAHAHA Reply with quote

Texas Businesses Embrace Bitcoin ATMs


It begins.
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Sam



Joined: 09 Jul 2006
Posts: 9585

PostPosted: Mon Sep 08, 2014 4:26 pm    Post subject: Reply with quote

Man what the heck am I gonna have for lunch today
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Sam



Joined: 09 Jul 2006
Posts: 9585

PostPosted: Mon Sep 08, 2014 4:27 pm    Post subject: Reply with quote

I had like, muenster and these amazing red pepper pesto sausages. but I cleaned them out last night and i need new bread. I could always go get a breadless cubano and put the ingredients on almond flour foccacia
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Sam



Joined: 09 Jul 2006
Posts: 9585

PostPosted: Mon Sep 08, 2014 4:28 pm    Post subject: Reply with quote

that settles it. cubano it is. i'm living it up
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Sam



Joined: 09 Jul 2006
Posts: 9585

PostPosted: Sat Sep 20, 2014 12:00 am    Post subject: Reply with quote

yo Tendon Shavers just got hit by a judge for forty million dollars
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WheelsOfConfusion



Joined: 09 Jul 2006
Posts: 12313
Location: Unknown Kaddath

PostPosted: Sat Sep 20, 2014 12:01 am    Post subject: Reply with quote

yo I was just going to post that
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Sam



Joined: 09 Jul 2006
Posts: 9585

PostPosted: Sat Sep 20, 2014 12:02 am    Post subject: Reply with quote

seriously forty fuckin million dollars hahahaha

keep on spinnin' bitcoin world
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Thy Brilliance



Joined: 09 Jul 2006
Posts: 3601
Location: Relative

PostPosted: Sat Sep 20, 2014 8:19 am    Post subject: Reply with quote

www.sec.gov wrote:
The SEC alleges that Trendon T. Shavers, who is the founder and operator of Bitcoin Savings and Trust (BTCST), offered and sold Bitcoin-denominated investments through the Internet using the monikers “Pirate” and “pirateat40.”




People actually trusted a guy named "Pirate"?

lele
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Sam



Joined: 09 Jul 2006
Posts: 9585

PostPosted: Sat Sep 20, 2014 10:18 am    Post subject: Reply with quote

lelele thy forgot pirateat40 was literally mentioned by name in this thread before lelelelelelelelelelelelele lelele lele le lelele lelele

(bitcoin)
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WheelsOfConfusion



Joined: 09 Jul 2006
Posts: 12313
Location: Unknown Kaddath

PostPosted: Tue Sep 23, 2014 4:01 pm    Post subject: Reply with quote

Butterfly Labs is finding itself on the wrong side of the LAAAAAAAWL!

Quote:
The Federal Trade Commission has filed a civil lawsuit against Butterfly Labs (BFL), an embattled Kansas-based Bitcoin miner manufacturer. The FTC alleges that the company engaged in fraudulent and deceptive practices.

Federal authorities believe that the three named members of the company’s board of directors—Jody Drake (aka Darla Drake), Nasser Ghoseiri, and Sonny Vleisides—spent millions of corporate revenue on all kinds of things, including saunas and guns, while ignoring many customer orders that went unfulfilled or were significantly delayed.

...

"The FTC alleges that one corporate defendants and three individual defendants have taken in over $50 million by operating a scheme that required consumers to pre-pay for machines that would allow consumers to ‘mine’ for Bitcoins, a new virtual currency," the complaint states. "Defendants either never delivered these machines or delivered them so late that they became obsolete."
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