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THe ALMiGHTiER BiTCoiN...
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By @blumaberlin
Visual Combat Warrior
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With Benjamins stuffed up his nose
The monster inside Benny grows
It's taken control
He's losing his soul
Has Ben gone insane?
...no one knows!
The Limerick King
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Ben has an interesting sign
It speaks to the nation's decline
He wants assets higher
And fools as a buyer
This moron is crossing the line
The Limerick King
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priced in what? that is the question.
sands shift, shit happens.
Priced in what, indeed that is the question.
No one has ever been able to answer my wino question...that is, how do I give a wino a bitcoin for food or a bottle?
I am going to have to call my friend in Texas and see if he traded at least some BTC out of this. He just asked me three days a go if I wanted to go in on another miner system.
"Would you be interested in pooling money together on a future project sometime? You have the house to worry about first of course.
I have hosting and PCB manufacturing connections now if a reel of ASIC chips are bought. Reselling equipment while mining on the margins is where this part of the industry is heading."
I know he won't answer when I call because he keeps odd hours. What the hell are we going to be doing here exactly? Mega RAM and mega processors? Will I have to rig up a couple of old car radiators just to cool the damned thing down? He already has thousands of BTC. Did he cash any out? Sounds like a lot of electricity here too. I am not sure about this idea.
OT
from the do no evil folks
Google to pay $17M to settle Safari privacy casehttp://bigstory.ap.org/article/google-agrees-pay-17-million-settlement
snooping on millions of people using Safari Web browsers
oh wait, Safari is Apple and Google is Chrome
so if G666 was spying on Safari users, they must be firmly up the assholes of Chrome users, and luvin' it
one can only speculate on what proctology examinations A666 is performing on their loyal cult members
The Chrome browser is obviously spyware and the same goes foro the Google's netbook.
http://en.wikipedia.org/wiki/List_of_cryptocurrencies
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Go to this list and educate yourselves on all the crypt-currency's today.
If your going to play this game, know to be early,
A good bet is lite-coin, its clear the BTC is way past the bubble stage,
Just like IPO's the guy that buy's an IPO is always fucked, real money is made by writing IPO's and pulling the paper-stock out of your ASS for free.
Suckers BUY paper, clever guy's create it!
Or be very fucking early to the game,
Trouble is now with BTC is there is no real market to turn it back into CASH, most likely the MSM play is to create demand, like a LOTTO ticket so the US gubmint can sell their 'silk road' BTC's they stole, before their worthless.
Given that BTC is now parabolic, something is going to give, like Satashi's $1B hoard ( BTC has a $6Billion capitalization, and the founder is probably sitting on 20% or more ), once the bigger guys decide to turn this ponzi into some real cash, its going to fall and fucking fast, ... like the winkelvoss brothers(facebook), they must be about ready to cash-out.
Litcoin is by far the best bet; it's more secure (scrypt); it's waaaay more distributed; it costs a pittance; and in 20 months it will have the reward half, with each block printing 25 litecoin. That's when the bubble starts.
The other alts? meh...
We have our relentless warriors too! Thanks my Captain WB7!
I've constructed a Bernanke based graphic novel, yet I can't figure out how to contribute to The 'Hedge. Suggestions?
(Sorry for being completely off topic)
Can you share and episode with us?
I really would like to, but I don't know how to accomplish this. I can't find a "submit contributions" button. I made it for ZeroHedge, so I'm a little irritated.
I'm not in a position to know, but since it appears that you are asking me, I believe that Karma, The Heavens, and all The Fates of the Universe would smile on all of your worldly endeavours if you were to purchase WB7's Holiday Card Collection to send to all of your friends, family, associates, customers, clients etc. Good Luck!
Yes, it is better to give than to receive.
W7 you're welcome. I want 10%.
(in BTC) :)
Watch Bitcoin be destroyed (probably by .gov). DROPPED $300 IN FIFTEEN MINUTES!!!: https://www.tradingview.com/e/yK2POUQK/
yawn... bitcoin has been destroyed at least 10 times, and it always comes back stronger. Antifragile, apparently.
all being said .... i do get soooo tired of having to wade through posts from people who know nothing about bitcoin. there's plenty of room for debate and exchange after being informed, but jeez, the lag time for people to catch-up on this one is making me weary
Yep, I agree with you a 100% nobody here has a clue about the guy's behind the curtain running BTC, here read what Shamir say's about BTC, and I'll remind you all that Shamir 'wrote the book on encryption',
How the Bitcoin 1%'s manipulate the currency
" One of the world’s greatest cryptographers, Adi Shamir, published the following analysis:
- "We discovered that almost all these large transactions were the descendants of a single large transaction involving 90,000 Bitcoins which took place on November 8th 2010, and that the subgraph of these transactions contains many strange looking chains and fork-merge structures, in which a large balance is either transferred within a few hours through hundreds of temporary intermediate accounts, or split into many small amounts which are sent to different accounts only in order to be recombined shortly afterwards into essentially the same amount in a new account.” (source: Dorit Ron and Adi Shamir, Quantitative Analysis of the Full Bitcoin Transaction Graph.
Most bitcoins are, in fact, in the hands of a very few people. Are you surprised? I’m not.
We also learn that, of the approximately 9 million bitcoins which currently exist, less than 2 million actually circulate – that is, change hands with any appreciable frequency:
- “It is remarkable that 97% of all owners had fewer than 10 transactions each, while 75 owners use the network very often and are affiliated with at least 5,000 transactions.”
And it would appear that most of the non-circulating coins are in the hands of a very small number of people – who, one may reasonably suspect, were involved from with building and propagandising Bitcoin from its very beginning. So, who are the lords of Bitcoin?
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The most damning fact revealed in the paper is not the extreme top-heaviness of the Bitcoin ownership pyramid, but rather the elaborate lengths to which the hoarders went in order to conceal their existence from “rank and file” users. Think of it! Hundreds of thousands of shill accounts, with vast rivers of wealth moving back and forth – for one purpose only: to deceive. None of it was done by accident.
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So "WHO ARE THE LORDS of BTC?", ... I would suspect many are here on ZH everyday pimping their baby.
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In conclusion the FED is ran by assholes (1%), and BTC also has its 1%-er's, ... will there ever be a fair and equal 'egalitarian' system? Probably not, today its 'tech-heavy', the weak might inherit the earth, but the 'clever' will always inherit the 'loot'.
That paper you reference was from the "The Weizmann Institute of Science, Israel" http://eprint.iacr.org/2012/584.pdf
Commence with the ad-hominem Jew-hating, from the resident ZH anti-semites.
I'm pretty sure our faithful leaders said it was impossible to recognize a bubble in advance.
maybe things have changed.....yeah.....that's it!
What is the original book that banzai made the "Bitcoin Confidential" image of?
THAT IS MY CHURCH AND ALTAR!!!
I'm printing that one in full colour and hanging it! Thank-you so much William Banzai, may the Satoshi be with you!!
The name of the book is "THAT IS MY CHURCH AND ALTAR!!!" ?
For many years now the PTB have been talking up the "cashless society". So I'm wondering exactly how is it that we know that BTC is not the brainchild of Rothschild, and brought to fruition by DARPA at long last?? Everyone seems so happy to jump on the bandwagon of the new technolgy that is above all security scrutiny, which sounds strangely familiar.
While currently banking them wb7 is a sly observer and built this into a couple of the images ... fonestar got punked - "THIS IS YOUR GOD"
By: @VICTORLEONARDIB
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The plucked, goose-stepping, fascist-salutin' Bald Eagle. I fucking love the serious expression on the eagle's face. Oh man, what a metaphor for the government of the Land of the Fee, Home of the (debt)Slave.
fucking krugman always spying on my make out sessions... screw that guy
Man that's golden.
Mixed Bag all relevant!
Gullible's Travels ( that's US ).
A preponderance of the evidence dictates that the corps, industrialists and financiers should be strung up, no debate required.
Interestingly, Peter Lorre, i love the oldies ;
Raskolnikov in ' crime and punishment '
Joel Cairo in ' the maltese falcon
Mr Moto series
Casablanca
A child murdering psychopath in M
ETC ETC
He ran away from home as a youth to become a Bank Clerk, born Austria- Hungarian became Slovakian in death, independence.
Died in L.A, his last film as STooGe in Jerry Lewis film 'the Patsy '
Remind you of any folks? Bernanke & Obama for instance.
Picture number one, shouldn't the bit coins be in the pan rather than the river?
Technically you are correct, but the visual impact just wouldn't be the same.
Love your stuff and therefore thought you were trying to make a point. I just read too much into it.
Maybe a flexible bit-coin pouring inside/outside the pan. Can't remember the artist that did that, but his name started with G, maybe?
Salvador Dali, "The Persistence of Memory"
The ghost's names and personality types in Pac-Man
Pinky (Pink) - smart ambusher
Inky (Blue) - not so smart ambusher
Clyde (Orange) - stupid one
Blinky (Red) - leader
I just want to say about bitcoin, go baby go.
And about Benny, his soul, he lost that long ago.
Somewhere, someplace, a very bewildered Bernanke is scratching his beard.
<3 Peeping Krug
+1. I never realized how perv-looking he was until now. Thanks WB7, enjoyable as always!
bitcoin might work if it was only used in transactions. the problem with fiat (and the fiat counterfeiters, which is a redundancy i know) is that the transaction value with fiat is basically unfair. bankers have access to all the free fiat money they want. (phantom collateral) when the assets they buy go sour they turn them into the fed (the fiat maker) and start all over again. so bitcoin first of all cant be a currency you can hold, but it must provide a level playing field for making transactions (esp in light of the libor scandal) if it does that it will work where the corrupt fiat system does not.
The problem with bitcoin is that it is not sovereign. All money is nothing but tokens of make believe value. The state is the only legal source for it's individual currencies. If someone starts countrfeiting these tokens there is no constituted authority to stop them.
> If someone starts countrfeiting these tokens
You can't counterfeit a 256-bit number (2^256), which is what Bitcoin's private keys are. You either know the number or you don't. If you don't know the number, it's near impossible to guess it or bruteforce it, even with all of the energy, computing power and time in the world.
There is no counterfeiting bitcoins on the Bitcoin network.
"The problem with bitcoin is that it is not sovereign"
No, no, no ...
The problem with Bitcoin is that IT IS NOT MONEY!!!
I don't object to anyone participating in a Ponzi scheme.
Hey, you may just make some profits or lose it all. It's your right to be a fool.
But don't say that Bitcoin is money, because it's not.
I think to understand bit-coin you have to understand how each is created and how fiats are created. One has discipline the other doesn't.
The Almightier is brilliant
in any other century Bitcoin = $
and that's why .gov is very interested in this bitfiat
and folks wonder about the mysterious Nakamoto assuming that he/she must be an altruistic anti-fed, anti-fiat subversive
how about if the mysterious Nakamoto was created by Dr. Econostein in a Fed/NSA lab as a clever ruse intended to convince the sheep that gold is a barbaric relic but cryptographic ciphers are solid as ...
of course the above is just a conspiracy theory
Off topic.
http://www.huffingtonpost.com/2013/11/18/siri-ron-paul-apple_n_4296673.html
Regardless of your own political persuasion, apparently your iPhone is a libertarian.
Siri, the voice-activated personal assistant on Apple devices, pulls up the Wikipedia page of everyone's favorite libertarian, former Rep. Ron Paul of Texas, when asked "Siri, what are your political views?"
Try it yourself. It not only worked for the YouTube video maker above, but also for dozens of people on Reddit and Facebook, as well as a few Huffington Post editors who tried it out.
We reached out to Apple for comment and will update if we receive it.
[Ron Paul Flix via BuzzFeed]
Soon to be "fixed"?
While I admire this response, it does not change my opinion that Siri is a dumb/deaf bitch.
How's this for an Oh Shit Moment: BitCoin is looking like the seed of a hyper-deflationary black hole that will consume the entire planet, including the metals markets, when everyone piles in... only to see their wealth vanish into the black hole as scalability issues render the blockchain unusable. Every talking head will say that people should have just trusted the clownbux.
Fuck it. BitCoin/Silver ratio looking tasty here.
From what I read via "the history of Mt Gox" (interesting read...I recommend it) the only thing that actually "happens" is real deposits end up in a "gaming device" bank. The only actual analogy I have seen is FarmVille where kids spend real money to get "virtual goods." Rather than spend "real money" however they converted it into bitcoins instead. Well...people saw value in bit coins so they started putting real money in Mt Gox not to buy "the super sword of Domocles for hero Zorg" but to get bitcoins themselves. "That's when the Government moved in" as I recall. But now the exchange has "moved" (an actual ATM in Canada) where according to authorities "you can exchange all the bit coins for currency and currency for bit coins you want." In other words you put twenty bucks in there...get twenty dollars worth of bitcoins and then by your 5 dollar cup of coffee with your "5 dollars worth of crypto currency." I would recommend small dollar denominations...but there are a lot of things in life that are "free." I still think cold hard cash is the way to go but goods and services could become much cheaper in a "bit coin world"---and very quickly so---since unlike a "fiat price" in theory a "bit coin price" is what the buyer is willing to pay not what the seller "thinks its worth." In other words bit coins would "drive sales" by being much cheaper. Again...setting up a bit coin mining operation and running it is VERY expensive.