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I think you meant mBTC? uBTC is 0.000001 BTC, which means a 10,000 word essay will earn you 0.01 BTC which is roughly $0.25 USD, I don't think you can profitably hand write a 10,000 word essay for $0.25 USD. If the essay is a copy/paste, then ok.
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This is going to turn into another disaster.
for whom? For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years. Even the June 2011 bubble wasn't really a set back, the average BTC price for the 6 months after bubble is 7 times higher than the average price for the 6 months pre-bubble. |
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We regret to inform you that there has been another huge breach of Bitcoinica. While all passwords were changed after the theft which occurred May 11th, the password for LastPass was not compromised and thus left unchanged. The breach today occured because the password for LastPass was in fact a duplicate password which had been compromised during the hack.
Unbeknownst to us, Tihan was using the mtgox api key as the password for a website called LastPass.
Holy shit, how fucking stupid can a person be, I'd like to know what kind of fucked up logic this person used to decide that: hey I'll just use my fucking mtgox api key as my lastpass master password, which leads to ALL my other passwords. Oh and let's not change the lastpass master password, because hey there's 0.001% chance that it didn't get compromised after our first hack, so let's take that chance. Oh shit, it did get compromised in the first round of hacks, now the hacker has all the password + mtgox api key, because some fucktard decided to re-use passwords. |
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The market ALWAYS overshoots. Was $31/BTC justified in June 2011? no, but was $4 coin justified in early 2012? I don't think so.
Right now, I think $22 is reasonable, but slightly over-valued, but I believe we will see a lot higher price before we see a significant spike down. I think we will definitely see $30+ again before this rally fades.
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put 2 factor authentication on withdrawals, then you'll never lose anything in your mtgox account again.
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Ok but we are talking in one case about ignoring authority and in the other defying or maybe even out right combating authority. This is because it is in the economic interest of consumers to avoid the white market in intellectual property where as with bitcoin its in the economic interest of most individuals to chose the white market over the grey market that is the bitcoin community.
In South Korea, students protest and riot several times to get rid of consecutive dictatorship before they have a democracy. http://askakorean.blogspot.com/2009/05/protests-in-korea.htmlMakes you wonder why the most rebellious of all people, the Korean, are not accepting bitcoin everywhere in their society.  ill just put this here http://i.crackedcdn.com/phpimages/article/8/9/2/48892.jpg?v=1hah that's really bad ass |
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This should be moved to the gambling section.
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Bitcoin's creator Satoshi Nakamoto has claimed that he is of Japanese origin. Yet Bitcoin has very minimal influence in Japan, the 3rd largest economy in the world.
I would think for a society that can produce people like Satoshi, it should have been more open to Bitcoin.
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Good luck convincing anyone to play real BTC on a site written in RoR.
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Hmm... I am not willing to modify my list and criteria just yet - at least for LARGE (10,000btc +) holdings!
Now, I do agree that most of the points made so far do apply to smaller holdings, but seriously, do you really believe anyone with USD 200,000+ invested in such a volatile thing as bitcoin will let it lose 90% of its peak value and not use any kind of stoploss rule? After all, isn't this one of the basic rules of investing?
Anyway, let's try a different, slightly more aggressive approach: I will tag all of the above coins as LOST 4EVER and will only untag an address if its owner ever spends a coin from it OR just simply ADDS 50btc or more to it (which might be preferable from a security point of view as it does not require any cold storage private key to be used.)
I know this is a controversial statement (and please keep bringing good arguments), but until I see hard evidence, I still strongly believe that my list is 95%+ correct.
Problem with your theory is, those people that got in that early to obtain that much coins, are most likely not a short term speculator, but a true believer, and won't let go of the coins easily. Many of them are probably not doing any speculative trading at all. |
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草，都是小号吧？全是新注册，第一帖就是回复此贴的。
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I wonder what happens to everyone's bet BTC if the site just goes dark.
how is that different from bitbet.us? isn't it the same thing? If you really think it's the same thing I guess you must be very new here. I don't see how it's different in terms of the possibility of the owner takes everyone's BTC and run. ok you stand to lose more I guess, so your site's possibility is lower. |
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I wonder what happens to everyone's bet BTC if the site just goes dark.
how is that different from bitbet.us? isn't it the same thing? |
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Bitcoin would be a 50B currency if it only become the de facto currency of the online gambling, adult and international
money transfer industries.
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Showing off my best bottom catching this year:  |
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Up until now someone who wanted to take control of the bitcoin mining network had to acquire the worlds supply of computers and GPU's which seemed like an impossible task.
Now with ASICs an attacker only needs to buy a relatively small quantity of ASICs or even set up a small manufacturing plant and churn out their own.. A large organisation could spend way more money than the bitcoin economy to out purchase us in ASICs..
Surely we are now more vulnerable to attack?
There were roughly $20M worth of GPU mining equipment actively mining before ASIC, now those $20M will be selling the GPU equipment and buying ASIC equipment, nothing has changed. |
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Again? When was first time?
back in June 2011 when it first reached 130+ CNY, and then again recently it reached 100+ CNY, on btcchina.com |
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This is a complete waste of your time. Also, see here. I think gambling sites can be an exception to the "identify yourself" rule, since it could possibly be illegal in the operator's jurisdiction. Though I would definitely still require the operator to have a reputable forum account. |
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Hope you guys get popular, bitmit really sucks.
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