As far as I'm concerned there is no such thing as stolen bitcoins...
I mean what exactly is it that's stolen? It's a number that represents an amount of computational power.
What happened may be illegal but it's not theft, maybe fraud from the hacker for selling in somebody elses name.
According to your argument, electronic bank fraud is not theft. After all its a number that represents an amount of economic, political, and military power. I think this guy should read Atlas' post on the creation of wealth and the ownership of that wealth. And then take some ethics classes. If I smashed down his front door, took his computer/wallet, according to him that would not be theft. Why? Because the BTC therein are nothging more than a series of computations and the computer iteself a "collage" of molecules representing the figment of imagination. Not really real at all so nothing to be stole! The door? A mental block. Another figment of imagination to cast aside. Rubbish! |
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Thanks Gavin! I see that you use "digital currency" in the title (instead of "virtual currency" that is used on www.bitcoin.org) and I think that's a great choice. There's a thread somewhere suggesting that we change "virtual" to "digital" on the home page, so could we do that now? Digital currency sounds like real money, virtual currency sounds like play money. I second that. A very good observation and well made point. I third it as well. |
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As far as I'm concerned there is no such thing as stolen bitcoins...
I mean what exactly is it that's stolen? It's a number that represents an amount of computational power.
What happened may be illegal but it's not theft, maybe fraud from the hacker for selling in somebody elses name.
Let's all sing the Rationalizaiton song togehter.......!!!! "R is for reject............etc. |
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Ok, so....BTC. Intrinsic value or use value? Or something else? Novelty value? It certainly has functional value does it not?
BTC has no use value, outside of the context of a medium of exchange. BTC is both the currency and an effective, worldwide, transfer mechanism. Just like gold's intrinsic value is rooted in it's properties that make it an ideal money, BTC's intrinsic value rests in the properties imbued into it by powerful cryptology and rigid code practices. If you love gold and understand it, then you will love bitcoin for nearly the exact same reasons, as they share most of the same properties of a good medium of exchange. There are an amazing number of people (particularly on youtube) who love gold/silver and *hate* bitcoin, which shows a deep rift in their understanding. Are those goldbugs way too old to understand P2P, I wonder? Unfortunately the answer to this is yes, mostly. There are open minded people in the silver/gold community such as myself (i'm not that old) but after several years of bringing them (my people who previously were not even interested in the metals) up to speed on currencies and this being new to me I just don't have the energy to start my crusade all over again. At least not charging into battle. I'll just leave little notes laying on the ground and if someone should happen upon them, AND act upon them, good for you. |
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One backend had troubles and monitoring didn't catch it. It's repaired now. I'm sorry for troubles...
So would this cause us to show blocks that we worked on and received no reward for? I'm showing work done on 5 blocks but the reward says "none". |
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It's a shame that very few people seem to know what "backing" means and what "intrinsic" value is.
I almost fell out of my chair when Peter said gold had intrinsic value because you could craft jewelry from gold or use it in electronics. While being true, you can do the same with seashells and silicon, those properties have nothing to do with why gold is a good medium of exchange.. I thought Peter was smarter than that. Well I'm sure he's trying to make sense of it too. He needs an education just like everyone else. Does he have the wisdom to feed his intellect? He was talking about an Austrian economist stating that gold had intrinsic value by reason of it's use value. Austrians don't normally talk in those terms, because use value doesn't equate to an intrinsic value. Value is always subjective, and an 'intrinsic' value would necessarily have to exist, if it did exist, by reason of a commodities natural characteristics. Gold's use value is not very closely related to it's elemental properties, but it's monetary value is related to it's elemental properties. If gold has an intrisic value, it's directly related to it's quality as an ideal money, not it's industrial or commercial uses. Ok, so....BTC. Intrinsic value or use value? Or something else? Novelty value? It certainly has functional value does it not? |
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WHAT THE ****. YOU ONLY HAVE 151 FORUM POSTS. WHAT THE **** IS YOUR PROBLEM.
edit:
you originally said 300 and I got upset.
That was double talk..... |
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It's a shame that very few people seem to know what "backing" means and what "intrinsic" value is.
I almost fell out of my chair when Peter said gold had intrinsic value because you could craft jewelry from gold or use it in electronics. While being true, you can do the same with seashells and silicon, those properties have nothing to do with why gold is a good medium of exchange.. I thought Peter was smarter than that. Well I'm sure he's trying to make sense of it too. He needs an education just like everyone else. Does he have the wisdom to feed his intellect? |
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Please add entry for "Bitcoin is fucked."
Obi 1 Shinobi your making your rounds on that trite today. Is that your wish then? Glad you're taking the time to post that on so many boards or I'd a missed it. Your kung fu is terrible though. |
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Let me show you the login logs for our hacker guy on his account full of bitcoins, and Kevin: [2011/06/19 05:00:02] Hacker login
[2011/06/19 05:12:10] Kevin login
[2011/06/19 05:15:10] Hacker login
[2011/06/19 05:22:35] Hacker login
[2011/06/19 05:45:39] Hacker login
[2011/06/19 06:08:18] Hacker login I don't understand. Which account? Kevin and the hacker used the same account? Yeah Please Explain this Jargon, And what is it that you're implying by it? He is saying that Kevin logged in 12 minutes after the attacker logged in to start the attack. Not damning by itself, and almost certainly a coincidence, but still a connection that needs to be followed up, particularly in light of how it all played out. And placed a buy order at 0.01 USD per btc. Right. The first login was a test. The second one the beginning of a plan. The subsequent the execution of said plan. Good luck Kevin. Hope it was worth it. |
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Where is the option for "Myself"?
oh, right. I should have thought of a voting option for the libertarians. NEVER forget about the Librarians on this site. That's Cardinal Sin #1. Whose Mt. Gox? |
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Hey everybody, just calm down.
None of this wild speculation is true.
Bitcoins are as safe as ever.
There's nothing to worry about at this point. Just calm down and see how this plays out.
I for one am going to buy at the bottom and profit all the way up.
May the wise have ears.
Me too. Where's the bottom? After all these years I haven't figured it out......   LOL! Exactly. |
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Hey everybody, just calm down.
None of this wild speculation is true.
Bitcoins are as safe as ever.
There's nothing to worry about at this point. Just calm down and see how this plays out.
I for one am going to buy at the bottom and profit all the way up.
May the wise have ears.
Me too. Where's the bottom? After all these years I haven't figured it out...... |
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Why everyone just insist to see "US as Israel's best and only chump"?!
Israel was actually formed by the Zionists + USA and, more important, actually the "first Israel" was made by this one alone - ending up in failure, with the returning Jews to be executed in 1937... communists, they're so alike with nazis -, USSR.
The turning point for the soviets, and why you see so many "leftists" waging for the Palestinians (who actually kills communists, Islam and Communism can't possibly get along either) is because those retards suffer from the syndrome of "Love at First Blast". Want to gain the commies love? Easy! Just put a bomb somewhere and they will love you... and that's what Palestinians did in the Munich Olympics of 1972.
Please sir, give credit where credit is due: with the British. The most important thing for America's security is to learn to live with less oil. Period. That means alternative energies coupled with conservation. Unfortunatley we have the military complex to deal with who are more interested in profit than humanity. |
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Decentralization became popular in 1999 with Napster. Of course there were other decentralized systems, but most people did not know about them. Governments and others with power shut down Napster (not counting the centralized service also called Napster, which they bought the name for). They fight almost every decentralized thing we do. After 12 years, I have to ask why they have failed. It reminds me of a quote from Matrix Reloaded (the second movie)... Believe me when I say we have a difficult time ahead of us. But if we are to be prepared for it, we must first shed our fear of it. I stand here, before you now, truthfully unafraid. Why? Because I believe something you do not? No, I stand here without fear because I remember. I remember that I am here not because of the path that lies before me but because of the path that lies behind me. I remember that for 100 years we have fought these machines. I remember that for 100 years they have sent their armies to destroy us, and after a century of war I remember that which matters most... We are still here! --Morpheus, Matrix Reloaded Why are we still here using decentralized systems after 12 years?
I guess because it works. Not only that but it's something we all can own as a community that can grow with our needs. Decentralized force feeding tastes like tin after awhile. It serves a few and harms many. I think decentralized systems are a natural part of evolution. Feels like deja vu? A dangerous place.
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It's a shame that very few people seem to know what "backing" means and what "intrinsic" value is.
I also think people hear about BTC and think that since it's a computer program there will be an infinite number of them; taking no time to understand the complexity of the situation. They are cool however, with the fact that the bank at any given time does not have all the deposits that their member's web screen's tell them they do should they all walk hand in hand down to the bank together. A mystery to be sure. |
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What boat did you just fall off? Why would I buy if I wanted to sell? I'm going to buy a few low and drive the price up to sell? How old are you, 4?
Oh - how I love this type of arguments, but yeah - OK, it actually makes me believe that you were honest  Take into account that I did not wrote you want to sell (or want to buy) only that you sounded as if you wanted, but maybe I am only losing time trying to explain the difference? Right, you did not write that I wanted to sell. You wrote.... you really wanted to sell You're wasting everyone's time. |
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ha ha - you guys sound like you really wanted to sell all of your bitcoins and want the price not drop to quickly.
I suppose in the land of make believe you could deduce that from one written line. And besides dolt, I obviously want the price to drop quickly and far if I am to buy some. What boat did you just fall off? Why would I buy if I wanted to sell? I'm going to buy a few low and drive the price up to sell? How old are you, 4? |
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