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1  Bitcoin / Bitcoin Discussion / Re: Here come the MLM scams on: August 11, 2013, 12:07:49 AM
Well if you didnt stand up and warn everyone then fuck you too! Just kidding, thats what sucks is there no money to be had in teaching and warning...
2  Bitcoin / Bitcoin Discussion / Re: Captain (not so) obvious: most ASIC miners will lose money (and why it is ok) on: August 11, 2013, 12:01:57 AM
It also got me thinking about the future price of Bitcoin discussion in a new way. I've seen semi-convincing arguments of $100,000 or $1,000,000 per coin, but they don't mention mining or difficulty. If the price really gets that high, as you said, the number of mining operations would double all along the way. From $100 to $200? Double. $200 to $400? Double. If the price does go through the roof and people don't invest in mining to get some "free" coin, they'd be missing out.

The price of BTC has nothing to do with whether the mining equipment is profitable. If you buy a miner for 10 BTC and it never mines back 10BTC it's not profitable, it doesn't matter how much the value of BTC increases, you'd still be better off holding the BTC you had in the first place (or buying it if $ is what you had).

Thats not correct, if everyone bought btc instead of hardware that secures the network for the long term... Then the value is much more likely to plummet someday. A bunch of hardware is basically strengthening bitcoin for the longterm, maybe even reducing volatility
3  Economy / Digital goods / Re: Blog for Sale on: August 03, 2013, 02:03:57 PM
Blogs are worth money now?!
4  Bitcoin / Bitcoin Discussion / Re: should I just get used to this? on: July 31, 2013, 10:35:24 PM
When the Mrs and I started getting serious about our bitcoins, we bought a laptop only to be used to mine bitcoins and perform bitcoin transactions. We never use it for anything else and keep it updated. Never had a problem with any site or service, but then we dont allow any of them to hold any money or coin for more than a few hours. We use it immediately and either send the coins to our own bitcoins wallets, or we send the cash to our bank - which is a bitcoin-only account. Also, when signing up for sites and services, use long passwords with lower case, upper case, numbers, and special characters. I use KEEPASS for name/password combinations that are long, then its simply a matter of copy and paste. Lastly, we have our laptop hard drive encrypted with truecrypt and have many backups of our wallets saved to hard drive, memory cards, cds, usb drives, and online in the cloud a few places, and of course we have copies cached in all of our online email accounts.

Now you just need to stop running that damn mouth off of yours! Now i know i just need to steal your clipboard contents for passwords...
5  Bitcoin / Bitcoin Discussion / Re: should I just get used to this? on: July 27, 2013, 03:23:02 PM
It is really not right to blame victims but... Do you have a learning deficiency? Stop giving other people control and complete trust.
6  Economy / Service Discussion / Re: Piper Paper Wallet - Why are there no replies??? on: July 22, 2013, 04:17:53 PM
Well you asked: because its a shitty idea.

I dont understand the desire to tie brand new ideas to old annoying terrible things like a paper printer. The whole idea is ruined by the slightest amount of time or moisture.
7  Bitcoin / Bitcoin Discussion / Re: Let's get bitcoin support for OUYA! on: July 18, 2013, 12:52:31 AM
The best game is called towerfall, and for me it is worth the $250 for console, 4 controllers and this game... But fuck sake they sure are assholes to require always online authentication for a $15 game....
8  Bitcoin / Bitcoin Discussion / Re: Trailer Park Boys Accept Bitcoin! (Swearnet.com) on: July 06, 2013, 12:59:44 PM
Poor bastards, that other show they tried to make was terrible, cant even remember the name of it anymore
9  Bitcoin / Bitcoin Discussion / Re: Wikimedia is irrational in not accepting Bitcoin payment on: July 03, 2013, 11:59:23 PM
I think you are a bit irrational. As much right as you have to value bitcoins, everyone else has as much right to deem them worthless.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: What Litecoin means for Bitcoin (and crypto in general) once it's on Mt.Gox on: June 21, 2013, 11:54:28 PM
What it means is a never ending stream of BUY THIS NEW ONE perpetual annoyance that really devalues the whole idea of digital currency to me
11  Economy / Service Discussion / Re: More info on the MtGox ‘Temporary Hiatus on U.S. Dollar Withdrawals’ on: June 21, 2013, 02:41:41 AM
Oh you mean you cant do business as usual with a company doing illegal money transfers and in the middle of a lawsuit worth multiple years of its income? How strange
12  Economy / Service Discussion / Re: CampBX - Dwolla deposits taking forever as opposed to 'Instant'? on: June 13, 2013, 01:39:16 PM
Dont you listen to any news? Everything you do needs to route through all the worlds spy agencies now, expect ping times in the days
13  Bitcoin / Bitcoin Discussion / Re: Will bitcoins become illegal? on: June 01, 2013, 01:16:06 PM
It doesnt have to, harsh msb fees will make it infeasable
14  Bitcoin / Bitcoin Discussion / Re: Jim Rogers on competing currencies on: May 30, 2013, 08:27:30 PM
Some illiterate  contextless quotes from an interview with a guy who says he barely knows of bitcoins existance?
15  Bitcoin / Bitcoin Discussion / Re: Let’s Talk Bitcoin Episode 11 - “Armory & Gli.ph Security Double Feature” on: May 29, 2013, 01:31:13 AM
"just keep enough money in your wallets that you are willing to lose" is the worst excuse anyone can come up with. If it cant be secured then its bullshit and shouldnt be considered useful in the least
16  Bitcoin / Bitcoin Discussion / Re: Let's Talk about Scamcoins - Researching for Let's Talk Bitcoin! show on: May 25, 2013, 01:13:29 AM
The whole premise upon which Freicoin is based, that "hoarding" is somehow bad (we prefer to call it "saving") is flawed. It springs from the Marxist school of thought that is against the concentration of wealth in the hands of anyone, even if the that concentration came about by providing goods and services that people want.

That opinion is a little narrow minded, if the freicoin (or some alternative) had other properties that somehow made it really easy to exchange into and out of, then whats wrong with it acting as an economic exchange mechanism where saving can be done in another currency? Isnt it possible a digital asset could be more price stable if it wasnt hoarded in?

Just because a tool is designed for not saving it... Doesnt mean it wants to outlaw all saving of other tools
17  Bitcoin / Bitcoin Discussion / Re: The Holy Grail! I wish I could kiss the author of Bitmessage on his face. on: May 22, 2013, 06:17:56 PM
Bitmessage sounds a bit unscalable, the white paper says you are attempting to decrypt every single message that comes in over the wire with all of your local keys... That would quickly get wasteful and cpu intensive
18  Bitcoin / Legal / Re: US Regulations to "Rule them all?" - Look at this on: May 21, 2013, 12:20:08 PM
Sounds like bullshit, why would government agencies ever take the time to warn businesses they are Not under their control?
19  Other / Meta / Re: Ripple trying to take over the Bitcoin Discussion thread on: May 21, 2013, 07:05:36 AM
can Ripple technology work without the use of the "built in currency"?
No, because XRP is needed to facilitate transfers.

Having a native currency is why Ripple is succeeding where Open Transactions and the original Ripple failed.



Everything is so much clearer when they say something so fucking stupid,

so ripple... Which itself is not open source yet. ?. Has succeeded! Where open transactions a clearly superior system still under active development and testing has failed already?
20  Bitcoin / Bitcoin Discussion / Re: New video: Why the blocksize limit keeps Bitcoin free and decentralized on: May 17, 2013, 01:21:03 PM
Reminds me of those movies where they start out with all this proven science .. Then suddenly go off on a batshit crazy tangent

Ah yes it was called what the bleep do we know
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