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Bitcoins! Cargo Cult Economy of the Future!
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WheelsOfConfusion



Joined: 09 Jul 2006
Posts: 12136
Location: Unknown Kaddath

PostPosted: Fri May 31, 2013 3:46 pm    Post subject: Reply with quote

These self-regulation moves are only being made because governments are starting to "notice" bitcoin and treat it the way they treat other commodities and their exchanges. In the process, much of the "currency's" appeal is being shed. The more "legitimate" it becomes, the less attractive it is to the original rabid fanbase.
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Thy Brilliance



Joined: 09 Jul 2006
Posts: 3537
Location: Relative

PostPosted: Sun Jun 02, 2013 11:57 pm    Post subject: Reply with quote

Pretty sure that "rabid fanbase" ain't going anywhere.

http://wikileaks.org/Transcript-Meeting-Assange-Schmidt

Oh hohoho the drama 2 years later
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Sam



Joined: 09 Jul 2006
Posts: 9489

PostPosted: Wed Jun 19, 2013 11:07 pm    Post subject: Reply with quote

BitSpend went down

for those lucky enough to be able to read it: http://forums.somethingawful.com/showthread.php?threadid=3543334&pagenumber=241&perpage=40#post416669472
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Arc Tempest



Joined: 28 Jan 2007
Posts: 4895
Location: Oregon

PostPosted: Thu Jun 20, 2013 12:36 am    Post subject: Reply with quote

TL:DR for folks unwilling to spend money to join a forum?
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The older I get, the more certain I become of one thing. True and abiding cynicism is simply a form of cowardice.
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Snorri



Joined: 09 Jul 2006
Posts: 10878
Location: hiding the decline.

PostPosted: Thu Jun 20, 2013 1:13 am    Post subject: Reply with quote

Arc Tempest wrote:
TL:DR for folks unwilling to spend money to join a forum?


Bitcoin still stupid.
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Thy Brilliance



Joined: 09 Jul 2006
Posts: 3537
Location: Relative

PostPosted: Thu Jun 20, 2013 2:22 am    Post subject: Reply with quote

Sam wrote:
BitSpend went down

for those lucky enough to be able to read it: http://forums.somethingawful.com/showthread.php?threadid=3543334&pagenumber=241&perpage=40#post416669472



Quote:
@bitkoins We've been down for 2 days doing work to our database & catching up on orders & issues. justin@bitspend.net for help w/ any issue!



Sounds like they're getting so many orders that they are having problems keeping up.

An actual stage in many successful businesses.

You got a screenshot with info sam?
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Sam



Joined: 09 Jul 2006
Posts: 9489

PostPosted: Thu Jun 20, 2013 6:34 am    Post subject: go the fuck away Reply with quote

Quote:
Being a jerk to Wheels, your just fucking awful (and failed!) attempt to hook into Dogen, and now this blizzardwolfesque "I don't eve care if you hate me I'm staying" fucking horseshit -- who is this guy? Who is this fucking guy, Thy?

Go, Thy. Just go.


Quote:
Thy: We do not trust you have a credible overall understanding of this subject and we are not interested in hearing your interpretations.


Quote:
Fuck off, asshat.
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Thy Brilliance



Joined: 09 Jul 2006
Posts: 3537
Location: Relative

PostPosted: Thu Jun 20, 2013 9:51 am    Post subject: I am seriously doubting your knowledge of ethics right now. Reply with quote

If you're going to be openly hostile, could you at least be openly hostile with a screenshot of the site you are using as a source.

Or hell, if you're too damn lazy to do that, copy and paste the relevant text from the website.

You've just now demonstrated you are capable of copying and pasting.

Come on.
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Sam



Joined: 09 Jul 2006
Posts: 9489

PostPosted: Thu Jun 20, 2013 10:34 am    Post subject: Reply with quote

ughhhh shut uuuuuuuuup

stop trying to talk to me and fuck offffff

Quote:
I am seriously doubting your knowledge of ethics right now.


yes you doubt my knowledge of ethics because i don't want to deal with some crazy shithead on the internet how classic thy can you get now shuuuuutttttt uuuuuuuuuppppppppp
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Dennis J. Squidbunny



Joined: 09 Jul 2006
Posts: 3714
Location: AUSTRALIA YOU FAKIR

PostPosted: Thu Jun 20, 2013 10:38 am    Post subject: Reply with quote

HEY NOW DON'T MIND MY PARDNER HE'S GOT A LOT ON HIS PLATE HERE LET ME GIVE YOU A MASSAGE WHAT KIND YOU LIKE A THUMB MASSAGE MMM THIS'LL BE REAL NICE
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Last edited by Dennis J. Squidbunny on Thu Jun 20, 2013 11:33 am; edited 1 time in total
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Sam



Joined: 09 Jul 2006
Posts: 9489

PostPosted: Thu Jun 20, 2013 10:48 am    Post subject: Reply with quote

Arc Tempest wrote:
TL:DR for folks unwilling to spend money to join a forum?


Bitspend is a thing which tried to make it so that, by being an intermediary which would purchase things for you with USD in exchange for Bitcoin, was making it so that you could technically buy things with Bitcoin.

The banks that Bitspend were using for the purpose of being a transfer account, which included Chase, suspended operations with Bitspend and told them that they were under review. When the review (swiftly) concluded, all banks involved had decided that Bitspend was too high risk and they would be closing the accounts permanently and mailing them a check for the balance.

With all their accounts frozen jointly, Bitspend is unable to continue operating and has to effectively shut its doors as it tries to find another method by which it can operate. It complained about the banks' decisions based on the idea that they were ideal clients and were obviously making them money, and so the banks' decision was purely illogical.

But it was obvious from the bank complaints that the banks knew that most of the monetary input was from silk road dealers laundering their bitcoin back into USD, so none of them were interested in dealing with Bitspend anymore.

Meanwhile, MTGOX has temporarily suspended USD withdrawals.

https://mtgox.com/press_release_20130620.html
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Thy Brilliance



Joined: 09 Jul 2006
Posts: 3537
Location: Relative

PostPosted: Fri Jun 21, 2013 12:59 am    Post subject: Reply with quote

Sam wrote:
ughhhh shut uuuuuuuuup

stop trying to talk to me and fuck offffff

Quote:
I am seriously doubting your knowledge of ethics right now.


yes you doubt my knowledge of ethics because i don't want to deal with some crazy shithead on the internet how classic thy can you get now shuuuuutttttt uuuuuuuuuppppppppp


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Dennis J. Squidbunny



Joined: 09 Jul 2006
Posts: 3714
Location: AUSTRALIA YOU FAKIR

PostPosted: Fri Jun 21, 2013 8:43 am    Post subject: Reply with quote

It's a pity you're not water off a ducks back wacky image macros all the time. You were a fucking jerk, own it, and fuck off for a while and deal with it.
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DeD CHiKn



Joined: 04 Aug 2006
Posts: 10223
Location: Baltimore, Maryla*gunshot*

PostPosted: Fri Jun 21, 2013 10:57 am    Post subject: Reply with quote

Thy Brilliance wrote:



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Sam



Joined: 09 Jul 2006
Posts: 9489

PostPosted: Fri Jun 21, 2013 8:40 pm    Post subject: Reply with quote

ok i lolled
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