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Bitcoinaires Take To The Streets
While Newport Beach Lamborghini dealerships may be engaging in marketing gimmicks such as exchanging the 'explosively volatile' Bitcoins for Teslas; the true Bitcoinaires opt for something more internally combustible...
h/t @PharmakoiBoy
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OK that's it - are you MDB? 2.0? SRSLY?
MDB 1.0 = treasuries
mdb 2.0 = bitcoinz to a berzeeelion dollerrrs?
Funny when the guy parked behind the Lotus is among the idiots buying BTC at $1200.
Will he still be an idiot when Bitcoin is five and six figures?
yes, a rich idiot.
You said seven figures yesterday.
You are a shameless shill, worse than anyone I've ever seen on ZH.
five, six, seven, eight, nine digits... they are all just numbers and are totally meaningless.
that's bitcoin itself - just numbers and meaningless.
Absolutely: 6 figures, 0.000001, and more the fool.
The same idiots who bought when bitcoin hit $30 or $260?
just like the early penny stocks, it was much less crowded then and it was much less promoted
bitcoin, schmitcoin..
I'm currently mining slutcoins. They were invented by someone who calls themself Suckonmato Slutoshi, and are widely accepted in exchange for sexual favors.
OT but oh so delicious:
New Allegations from Fired Examiner Describe Chaotic Workplace at New York Fedby Jake Bernstein
ProPublica, Dec. 6, 2013, 12:09 p.m.
New Allegations from Fired Examiner Describe Chaotic Workplace at New York Fed
Just a few exerpts:
"absorbing and diffusing."
In other words, "Let it go".
Jonathon Kim: "She thinks she's stumbled onto some secret that GS runs the world central banks!" (may or may not have been actually stated by J Kim)
Notice the COLOR of the car? GOLDEN yellow. Oh the irony.
Like I keep saying: AU+BTC = Picture-perfect, Model Couple. What one won't do for you (in a given situation), the other one will. ;-)
Hey, ten four - you are dead wrong on the depreciating asset thing.
Lotus Elise and Exige were produced in miniscule numbers from 2005 to 2011 only, when they lost their exemption to put side airbag - less cars into the US market.
As a result of being a bulletproof reliable track car that is street legal, they have been creeping up in price for the last 3 years on resale.
You can buy one, put 10,000 miles on it, and sell it for what you paid for it in two years.
It is a modern classic car - good looks, great performance, reliable, and awesome fuel economy.
That there boy was a smart buyer.
Better to have the car than some electronic dingleberrys that make metals volatility look like a stable marketplace..........................
The problem is the BTC depreciate at a larger vector, so in essence the buy was protecting against inflation since it would now take more BTC's to buy the same car with the same mileage.
???? As a deflationary currency it will require LESS coins to purchase the car in the future - it appreciates in relation to FIAT. The constant incentive to hold rather than buy useless shit you don't need and only spend on productive stuff that can achieve a better return than the inherent deflation is yet another benefit.
I'm sure that the IRS is interested, untraceable my ass. idiot.
Tell me how they are going to track you? Idiot.
Merry Xmas, Fonestar!
http://www.youtube.com/watch?v=glSN4qvjt2E
yeah, as if theyll be unable to find a bright yellow lotus registered to washington state.
Burden of proof. What wallet.dat officer?
Simple, the one that the NSA a copy of in their Utah database.
Right, the same CIA & NSA that spent the last fifty years undermining faith in the US Dollar? Drool on conspiratard....
If you think BTC are untraceable, then you have no clue how the internet/software works. Additionally, they have the backdoor into BTC's as they got into Silk Roads account and confiscated their BTC's. But why let facts and reason get in the way of name calling and soapboxing.
Nobody is claiming that Bitcoins are untraceable. Bitcoins are a public, distributed ledger system. People using Bitcoin can choose to become untraceable.
Any more FUD I can help you with?
You dumb SOB, in one sentence you say, "Tell me how they are going to track you? Idiot." Then two posts down you say, "Nobody is claiming that Bitcoins are untraceable."
Look you POS just come out and give your sales pitch, so we can all shit on you and be done. What do you want to sell? You selling hardware or you selling BTC themselves? You can't be that much of a dickhead to fill these boards with so much bullshit unless you are trying sell. And on the off chance you aren't trying to sell, then you need to get yourself checked ASAP, because you got problems in your head and Satoshi on your breath.
This Fonestar bastard has so shamelessly trolled and polluted so many ZH threads lately that I am now going to call on Tyler to exercise the rare but necessary ZeroHedge ban. I am sick to death already of his blatant trolling, and his endless pushing and shilling of his bitcoin crap in EVERY possible thread, usually in a totally off-topic manner.
annoying yes, but banning people is bitch
You are wrong. And have a muddle-headed and misguided notion of "free speech".
Banning is the ONLY appropriate, and effective, means of countering the obvious troll, and is not only justified but DEMANDED in certain (fortunately rare) circumstances and cases.
Tyler has exercised that option on a number of occasions, such as with the egregious gold-bashing trolls several years ago, and the malicious and dishonest "HarryWanger" who was trolling for his own nefarious purposes around the same time. Those were justified and appropriate reactions to those who not only did not add to the discussion here (or in any forum), but who diverted, incited and attacked it instead.
By the sheer volume of his posts, Fonestar clearly counts as a troll in my book. The fact that his innumerable posts are endlessly monotonous in their shilling for bitcoin only adds to his offenses.
I respectfully disagree. You may hold the opinion that he is a troll and that free speech is negotiable - others don't. I only see him responding in kind to a much greater volume of anti-bitcoin vitriol. In my opinion those who who have nothing to offer but snark (and there are many) should be first on your "list"
We are here to debate ideas not throw a dummy spit because someone offers a differing point of view.
Just Ignore it if you think it is rubbish. I think an honest assesment of historical threads will show he ramps up only after being baited and attacked - not before.
And I respectfully disagree with you.
I have seen Fonestar lately divert MANY threads and topics of conversation into bitcoin, in many threads under articles which had NOTHING to do with it. In fact, out of the thousands of posts that he has made here in the last few months (undoubtedly far more than I have made on ZH in my almost four years here), I dare say that NONE of them dealt with any topic OTHER than bitcoin.
At the very least, he deserves a stern warning from the Tylers. NOBODY should be allowed to monopolize the conversation here to the extent that Fonestar has been doing lately.
+1
I won't miss the troll. He is a thread-polluter.
almost EVERY pro-bitcoin-tard here is saying bitcoins are untraceable.
If you can't prove that you have the money, then the car is stolen.
Now you get life behind bars for stealing millions of someone else's money, and their car. Nevermind that the person you stole from doesn't exist...
Burden of proof is on you to prove your case that it is your car, bought with your money, which means revealing your wallet.dat.
Bitcoin reminds me of this comic.
http://xkcd.com/538/
EDIT:
And if you do reveal your wallet, they got you on tax evasion, and they'll take your car and money anyway.
The Tax Man Cometh!
No stopping the Tax Man...
DaddyO
Satoshi > Taxman
Didn't realize you were a progressive house fan
satoshi = no guns
tax man = all the guns
That's how it is.
burden of proof is on you when it's the IRS.
You ought to know this by now.
Chances are, if he was foresighted enough to get rich on BTC, that he had enough Brains+Foresight+Balls to have bought or earned MSFT stock. Or cashed in his MSFT options from work. That'd satisfy everyone: Plausible Alibi.
Ever heard of the expression "Million-dollar Porsche"? Yeah, those were the guys who cashed in $100k in MSFT stock (from work) to buy their Carrera, when the stock later became worth $1M.
Good for him! No envy here. Only genuine happiness for the guy/gal.
Its called forensic accounting fonestar.They look at what you have ,and tax you on the implied income.
The IRS is already using google maps to look at targets real estate.Better not park that
in front of your house.Have some explaining to do.Guilty until proven innocent.
Ostentation will get you creamed.
But, but... This is 'Merica! Home of the Brave, Land of the Free! /s
What, you never heard of... CASINOS!?
Casinos take your social security number if you cash out above a certain amount. Just so that the feds know EXACTLY who has that kind of money.
So it can be taxed. And controlled.
Fuck me! Goes to show how much time I spend in casinos. Good to know. Thx.
Note to self: Spend more time in foreign casinos when abroad, and always win < $10k. Or spend everything over the $10k on... Precious, happy endings, or... whatever. ;-)
Then use accumulated winnings from multiple trips, to invest into an LLC (as Shareholder Equity), with said LLC buying the toy/status car or asset. Then, if/when you get pulled over, you're just driving the "company car". Likewise, if some guy from a driving 'incidence' (irate biker you really did not see) wants to track you down by your plates, you still have the LLC as a privacy shield -- and not said irate guy on your doorstep. :-)
There are ways to insulate yourself from those forensic accounting discovery methods but hubris and greed tend to be a forensic accountants greatest ally in doing their job.
I wonder of the government gets faster updates and higher resolution from those nice folks at Google?
"Tell me how they are going to track you? Idiot."
Uh, ever heard of Bluffdale, Utah? They haven't built that humongous data center to play Pong. Hell, for all you know they are mining BTC to get a corner on the market and then dump them or otherwise dispose of them. Kind of like this guy
"Tell me how they are going to track you? Idiot"
tire prints?
DMV
Uh, you realize you can put currency trading profits on your taxes, pay the tax and be legal, right?
The IRS has officially classified BitCoin as a currency?
"The IRS has officially classified BitCoin as a currency?"
They don't have to. The 16th enamendment did the job by declaring - "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived,...." Bitcoin, barter, African trade beads, doesn't matter. They will tax anything that moves.
Doesn't matter what it was you traded (as long as it is legal) only the profit part they are interested in for taxation purposes.
Not being sarcastic. Accountants don't know how to classify as capital gains or ordinary income. Sort of like tax treatment of PSLV vs SLV.
Thanks for reaffirming that zh is not the place to go for car knowledge.
Nothing more prudent than advertising your wealth.
Right after the '08 crash I traded by Porsche for a Jeep for that very reason.
The 80% are outright hostile towards wealth, regarless if it was acquired through hard work or not. Prudence demands a low profile these days.
The anti-Bitcoiners hate profits. Just like socialists I know and they believe quasi-religious type suffrage... that you should just mope, sulk and sit on top of your oldcoin holding a shotgun.
Even though I have a tech back round I am staying out of BTC, there are too many unanswered questions and I think it might be a government psyop. Just my opinion.
It's entertaining to watch though, the swings are pretty funny.
bitcoin might be a Govt psyop? Look at fonestar his avatar and handle appear in wikipedia whe you search "mindfucked"
no, as an anti-bitcoiner if you're taking "profits" it's in DOLLARS which means you're also anti-bitcoin and pro-dollar.
You're one of us, just PRETENDING not to be.
It's that dishonesty which is uncool.
Remembers me on the "THXAOL" license plate on a Porsche.
Or the MSFT 1, MSFT 2, MSFT4ME... plates on Porsches.
and you all laughed at fonestar.
Maybe that is fonestar?
Nah.. he's working on his drivers licence.
um, exactly
Fonestar is from Canada. His vanity plate is at the back of a dog sled.
try toboggan
How many bitcoins for a good husky wheel dog now-a-days?
no snowmobile?
Luddite.
Jamie Dimon's other car.
Does Corzine have a license plate that reads "UR Money"?
Maybe, but I know Bernanke has that same plate on his helicopter.
Not MY money though. Inflate all you want.
Fuck....I've been spotted. Now I have to change my plate.
doc, you move around too much. first indiana, then washington. who's after you?
My wife and three kids. Somehow they keep finding me :)
LOL!
You made my day with that comment LMFAO
Will all these BTC pushers be laughing in a year's time when the world realizes that BTC are worth nothing, much like those Dutch in May of 1637
They will if they are sitting in a Lotus
Money can't buy happiness...but it can buy a Lotus, and have you ever seen someone frowning while driving a Lotus?
Tulip mania lasted for 7 month, which was like a wink for that time.
....and the virtual currencies will last for centuries or millenia.
I care only for the time I am alive.
are you smoking the highest grade of crack ever invented at over-unity Tesla-powered purity?
Seriously?
The grid ITSELF won't even exist then, no iphones will exist then, no ipads, probably no wired networks at all, and you think bitcoin will be around?
The very essence of what must be built to OPERATE bitcoin won't be around then.
By that time we'll be living off the land again & using barter.
For the higher-tech we'll have bioengineered machines WITHIN our bodies to help produce vitamins, medicine & to co-process our own thinking power & customize our immune systems.
Man, you are dope. And a dope.
Wow, what a car! I'm glad I got to see it before it was all keyed up.
It needs a bumper sticker that says "If you can read this, you're about to become Hellfire collateral damage".
Dont you guys get tired of all of the Bitcoin buillshit. Either you think it works or it doesnt. What you all do, going back and forth like a bunch of bitchez doesnt add one bit to the discussion.
Just once I would like to see an intellgent give and take on this thing. Its all Fonestar vs the neanderthal luddites.
Its not even good fightclub.
But why have a sensible discussion when you can copy paste the same old bullshit from threads of yore and pollute the comments until they are made pages deep with trash?
'Tis the season to be trolling
trolololololol
Let whoever wants to invest, invest. Everyone has a right to lose money.
Fuck, I bought silver at $36 and I'm still waiting for the glory days.
You are going to wait only about another 6 - 12 months.
And then you will be laughing.
Just because I don't buy the latest iPhone that allows the NSA to distribute my fingerprints to any and all law enforcement agencies does not mean that I am a luddite. I would bet that many a prudent ZH'er would trade Bitcoin if it could be definitively proved to be 1.) based on something tangible (encryption / anonymity are good for transaction value but not store of value) 2.) transparent (who is Satoshi? Uncle Ben Bernanke? Jamie Dimon? and what is the ultimate agenda?) 3. proved to be a fair market (there have been numerous stories of delays in deliveries of currency after cashing out of Bitcoin and now we are seeing stories of Wall Street FX players creating numerous accounts along with new Bitcoin FX platforms, Options on Bitcoin and ETFs.)
The bottom line is even if you overlook numbers 1 and 2 you still would have to spend most of your day researching, studying charts, and chatting with other Bitcoin traders in order to have a chance at consistently making a profit with Bitcoin. Except that I doubt the consistent part of that equation. At the end of the day my view is that Bitcoin is a ponzi scheme just as the FED is a ponzi scheme. I personally don't want to be the greater fool when the music stops.
"1.) based on something tangible"
This seems like a pretty arbitrary requirement, most dollars aren't tangible, stocks aren't tangible. It's an accounting system with limited units of account, as more people want to use the system those bitcoin units will have to go up in value.
"2.) transparent"
The system is open source meaning you can see all of it's inner workings. It's a public transaction ledger that everyone can see. I'm really not sure how you could get much more transparent than this. Knowing what one of the many developers mom named them at birth isn't going to provide you any more usefull information than what is already available.
"3. proved to be a fair market"
This is probably the fairest market in existence right now, mostly due to it being the least regulated. You will always have big players moving weight to gain profit, that's part of a free market. Some people around here like to equate volatility with unfairness but that just isn't the case.
As for making profit, that isn't what cryptocurrency is about. It's about being able to transact without corrupted middlemen. That's not to say there isn't profit to be made. As you probably know there are many speculators buying up coins and holding them with the thought that adoption will increase. Seems like as good a bet as any other nowadays.
It's not "neanderthal luddites" to say bitcoiners control ZERO parts of the underlying network (fibre, cables, satellite, etc.), and have only a fraction of the true super-computing power available, and it's not luddites warning you the majority of devices computing bitcoin & holding digital wallets are compromised windoze machines.
that's the FACTS.
You get it so far?
Bitcoin's worth NOTHING, it has no intrinsic value. It's on a compromised set of subnetworks & devices - that much has easily been proven.
It's traded on fiat exchanges for which printed money is endless from central banks, compromising it yet another time (as are many digital goods, traded swaps, not just bitcoin, just as digital gold/silver are compromised in that manner, as they aren't the real thing).
We're not luddites we're just smart enough to keep real money safe off compromised systems.
Show me any error. Try me.
"bitcoiners control ZERO parts of the underlying network (fibre, cables, satellite, etc.)"
That's the beauty and the entire point of cryptography. Being able to send information confidentially over a compromised communication channel. This is design goal #1 of bitcoin. At no point is the network assumed to be secure in the bitcoin code, only operational. So, short of governments restricting their citizens from internet access there are no problems with snooping.
"the majority of devices computing bitcoin & holding digital wallets are compromised windoze machines"
That's the fault of the user not the system. The majority of miners run linux now since they are all ASICs. Wallets will be moving to ASIC platforms soon as well. Bitcoin already has it's own silicon and it will be getting it's own low level Operating Systems as well.
"Bitcoin's worth NOTHING, it has no intrinsic value. It's on a compromised set of subnetworks & devices"
The market doesn't seem to agree with you. As I have already pointed out being on a compromised network is irrelevant and using a compromised system is the users choice and is not a failure on bitcoins part. Intrinsic value is certainly relative to the situation if you were to even argue such a thing exists. Does a system of account that allows you to store and retrieve value without being detected have no value in a country who is clamping down on citizens? Does a wheelbarrow of gold have value when all exits are covered by armed guards with metal detectors? Value depends on the situation.
"It's traded on fiat exchanges for which printed money is endless from central banks, compromising it yet another time"
As you pointed out this applies to basically everything. I can buy real physical gold with the endlessly printed paper from the FED. Does that invalidate gold as a usefull currency? Of course not. Bitcoin actually holds a great advantage in this area in that the ledger is public and you can't claim to have bitcoins for sale that you don't own as is often done with paper gold. The reason gold is attacked in this way is because it is inconvienent to transfer gold across great distances so people have resorted to using middlemen which gives them the power to become manipulators. With bitcoin there is no reason to accept a promise to recieve bitcoins when there is no inconvienence invloved with delivering and holding the real thing.
"We're not luddites"
I don't think OP was referring to you. He is talking about the people who just post the same thing over and over again with no thought involved and no questions or new ideas being presented. I wouldn't even be able to respond to those posts like I was able to respond to yours. You at least presented points of concern instead of just posting "TULIPS BITCHEZ".
None of the benefits of cryptography stop TRAFFIC ANALYSIS. NONE of the benefits of cryptography are used in BITCOIN.
You must control THE PHYSICAL network or every MAC, IP address is open & every geographic location.
ALL of them. You need tight-beam LASER optic or private hidden FIBRE optic, you can't even use scrambled digital HAM radio because your location is exposed by PHYSICS.
The content of the bitcoin, to verify IF it is a bitcoin HAS NO VALUE because the TOTAL of all bitcoins has no value.
It would take far less computing power to create content like a voucher or a picture of an object which is of value & pgp-sign the location+object data to sell those, which are signed, and can be encrypted, and will be unique, yet not deflationary in size, and far from thousands of watts to produce a SINGLE voucher.
The compromising of the bitcoin transfer channels is not the content, it's the LOCATION at the end-points (finding them) and how they are compromised (majority:windoze, etc., as miners are not the majority of bitcoin holders, they're unloading them as fast as possible to pay for the ASIC systems, in DOLLARS).
windoze: "That's the fault of the user not the system" and yet that IS the system therefore if the SYSTEM (grid upon which bitcoin must be stored & transmitted to be used as a currency) is at fault the system CAN'T be used and it IS AT FAULT. IT CAN'T BE USED.
Think of saying the "dollar" is strong even if it was all digital and most (or all) of the transit systems it was in for moving, or stored in (bank accounts) were all COMPROMISED and everyone knew this. Similar argument, similar problem.
As for the market agreeing with me, YES IT DOES.
That's why the market for bitcoin is to seek DOLLARS using a speculation-bubble-spike & to find bag-holders.
The market will prove me wrong when all fiat exchanges for bitcoins close & all goods are priced in bitcoins.
That day isn't here & you know it.
"Intrinsic value is certainly relative to the situation "
It certainly is not. Intrinsic value is based purely from mass, charge, conductivity, malleability, rarity & other properties decided by the physics of the universe itself. It has no change from any level of faith of any person or market.
"Does a system of account that allows you to store and retrieve value without being detected have no value in a country who is clamping down on citizens"
It is gold - it has that value. Bitcoin is not that unit of account. It is easily confiscated & 100% detected.
A wheelbarrow of gold buys entire armies much less all the guns needed to fight and win against an army.
So yes, it is better than bitcoin.
"With bitcoin there is no reason to accept a promise to recieve bitcoins when there is no"
when there is no value to the actual bitcoins at all. They can't be made into anything & have NO correlation to the resources wasted to make their pattern vs anything (potentially nothing) that can be retrieved from the physical world (of dire need) in trade for the same bitcoins.
"You at least presented points of concern instead of just posting "TULIPS BITCHEZ"."
Well, thank you. On the other hand tulips are at least pretty & given they have DNA, one day when DNA-computing is ubiquitous everything with DNA will have far more value than bitcoin (or all our existing computers).
Wake up and Smell the tulips - When will the Bitcoin Bubble burst?
Madness of crowds is presented on the chart above and it is our top pick for the chart of 2013. Erik Steiner has created a very good presentation on Bitcoin: discussing in depth advantages and disadvantages of this particular crypto-currency and why it is now in the Bubble stage. His observations about the possibility that the Ponzi Scheme architecture is created by design in Bitcoin are very intriguing. We will add that recent push of Bitcoin by Bank of America, CITI and Merrill Lynch are not very aligned with the "freedom fighters". It looks more and more that corporate interests are already running it wild if they were not the creators of "Gold 2.0" from the beginning in order to distract 99% from the real values of Gold and Silver. Latest report from China shows that not all the world went crazy these days. http://sufiy.blogspot.co.uk/2013/12/wake-up-and-smell-tulips-when-will.h...
Finally the RECOVERY is comin' we were never belivin'.
What bitcoin is not dead? Ponzi tulip mania is not supposed to recover from crashes again and again. Methinks we must work on a new narrative.
Tip of the fedora to all the kind folks who sold me cheap coins over the weekend...
CHEAP?
Anything over $50 is expensive, anything over $5 is overvalued. By next week your "cheap" bitcoins will be $400. You just keep dreamin' that LSD dream.
Still waiting on the $140 coins you promised, homeslice.
Now you up your game to $400? Ha! I'll be buying.
Already took 30% profit out from weekend's investment.
Under $10k for a coin is a bargain. Just your word against mine......
140's still coming. The same time it will take to get there:
current to 500
500 to 200
200 to 50
I'd give it 2-4 weeks per interval, 140 will be in there along the way.
30% profit? It DROPPED in that time period not a rise.
You're fooling no one. You took a loss, the price is up TODAY which means you probably bought In again for further losses.
You're fooling no one but yourself.
I feel great for those who made it out of Bitcoin with MOAR stuff. However to me Bitcoin still seems like a game of musical chairs played over hot coals.
I am a veteran of the Napster and Limewire wars. To me, Bitcoin is like the best shit ever and victory is guaranteed.
...and both those lead to virus laden files and died a death no one cared to remember. BTC same fate?
If it runs on Windows, yes.
What was the war? Which one could get you to download your N'Sync and 98 Degrees music?
To be fair, Napster was just MP3's (from my memory, which was quite alcohol infused in those days), while you could get lots of cracked software off of Limwire.
Victory is guaranteed for who?
Wall Street is already invested in Bitcoin and looking to run all of their FX ponzi schemes. Coinsetter is beta testing a Bitcoin FX trading platform. Options are now available on Bitcoin and the Winklevi twins are launching an ETF. HFT algos will soon link into these exchanges / platforms and the volatility will soon be controlled by the elite funnelling the majority of profits into their coffers. The easy Bitcoin profits for individuals are rapidly being institutionalized. If I had traded PM for Bitcoin last year or even this Summer I might hang on to a few to see where it all goes but without a direct inside view from the new ponzi players I would be a fool to play their game.
fonestar - yes, profits can be made but your (blind? naive? disingenuous?) faith in Bitcoin fools no one on this site.
you call that a war? I pre-date you far before that.
What arrogance you have.
That was mere free software.
It has ZERO relevance that you are a "veteran" of it any more than you are a "veteran" of when the Back Street Boys first came out.
What utter bull. No wonder you have such a high opinion of yourself. Your entire perception of reality is off a few notches.
oh MY GEE.
I'm a veteran of the Campbell's Soup FORK VS SPOON WAR!
give your head a shake.
Shit being the operative word.
Only monkeys win "victorys" by throwing it.
If one wished to explain what a ponzi scheme is, b/c would be perfect example.
Those in on the ground floor do well as long as they get out before the patsy figures out the lack of... well... anything of value.
Don't get me wrong, will always take advantage of the sucker born every minute rule. It would seem they are born for the fleeceing
Whilst teetering on the spire of the Burj Dubai........
bought 100 bitcoins at $40. maybe i should have sold half at 1,200...
...or, half at $80, half at $160, half at $320, half at $640, half at $1280.
That's an awful lot of halves.
Must add up to 2 and a half, no?
250% Now there's a number I can believe in.
I hope that's an attempt at humor.
Sell 50 (recoup original cost)
Sell 25 + $4k
Sell 12.5 +$4k
Sell 6.25 +$4k
Sell 3.125 +$4k
At which point you have parted with 96.875% of your BTC and recovered a total of $20,000, of which $4000was your original purchase. You still have 3.125% of your BTC left, and if you follow the pattern of selling half everytime the cost doubles...well...you can get the idea - especially when you consider the 8 decimal places behind a BTC...
I'd sell 4 when it hits 1000 again tomorrow, and then sit on the other 96 til at least 100k.
New Allegations from Fired Examiner Describe Chaotic Workplace at New York Fed
by Jake Bernstein
ProPublica, Dec. 6, 2013, 12:09 p.m.
New Allegations from Fired Examiner Describe Chaotic Workplace at New York Fed
She was lucky to have been fired and not killed.
Nothing says douchebag more than a yellow sports car with a bitcoin license plate.
What sound is made when a truck filled with water and vinegar turns a corner?
Douche!
Fitting car for a Bitchit stacker. No storage space required for virtual Bitchits...
Tried getting the plate 2 months ago in ILL but it was not available...I found it hard to believe someone already had it, the guy at the DMV was shocked too, because obviously he never heard of BITCOIN, he actually asked what the hell it was as before he entered the info, he thought for sure that nobody would have that....oh well
http://whois.domaintools.com/bitcoinaire.com
Looks like this guy was pretty much ahead of time.
So uhmmm.. are you implying a Lotus Elise is a luxury car? Lol. Its priced lower than mid range BMW, Mercedes, AUdis. Thanks for tha laughs today.
people dont realize that lotus is actually pretty affordable ;p
Thing looks like a 600,000$ super car but costs 50 k lol
Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal --Matthew 6:19
Rather, secure for yourselves an encrypted treasure, stored in an eternal storage. --Matthew 6:20?
Rusty gold - now there's something new!...
As we're all so well aware, hdd lifespan is no longer what it apparently used to be (maybe they can salvage a few from archaeological sites, so we can learn how to properly build them)...
More like..
...though.
fonestar, would you be so kind as to provide step-by-step instructions on how to set up a secure offline cold-storage wallet and also your recommendation for the most convenient way to buy more BTC?
Thanks in advance.
Unless he can suggest others, I'd give electrum.org a shot. Worked for me.
But I lost my cold wallet along with my gold, in a recent boating accident. Cold gold and cold wallet are now in a lake. ;-(
Luckily I backed up my cold wallet. Wish I could've done the same for my Precious. ;-)
I used this tutorial for cold storage.
http://www.youtube.com/watch?v=JsyPfiENwQU
I have an account with Mt Gox and haven't had any problems wiring money. But my first purchase was made with Localbitcoins.com. It was an easy way to do a cash transaction.
Thanks, Monkey.
I haven't checked this out yet but I will tomorrow.You'll still need a paper backup.
https://bitcointalk.org/index.php?topic=36663.0;all
Also take a look at an android app called Mycelium.
http://www.youtube.com/watch?v=G8FmwbgJuLM
True story: Whilst serving time in prison, a friend of mine made his own mother's vanity plate for her car.
Did it say IH8UMOM?
If it was Jeffrey Dahmer, it probalby says I8 MOM.
Funny.
Right state, wrong felon. I think it said, LUV2BFREE
Jerk is driving around just asking for a hit on the head.
Hmm, unless you're being sarcastic... Have we as a society really fallen so far, that we no longer celebrate success, but envy and ridicule it?
Reminds me of the Serf mentality of the Middle Ages, where the Aristocracy managed to train their Subjects* to self-regulate: Whenever someone got too 'uppity', his peers would tear him down. The implication being: "How dare you think or act as if you're any better than us or on a higher station than we are!?" Worked for centuries, right up until WW2. Perhaps it never went away completely in some places, I'm guessing.
* FYI, US Citizens and LPRs (Lawful Permanent Residents, aka Green Card people) are now referred to as "US Subjects" by our civil servants in the DOJ and IRS.
Some "free-market libertarians" we got here.
p.s. Note that I did not junk you, but merely offered a different perspective (in a civil manner), in case you were serious. Cheers.
Count DaBitcoin! Count DaBitcoin!
"DiBeetcuoin."
I figured I'd sell Daniel my car, you know, some yellow things just ain't the same and for some reason he bought it...
I love the argument " but it doesn't exist in the real world" neither does the internet and here we are communicating on it and doing business on it and making a living on it.
the Internet DOES exist in the real world.
It's fibre-optic cables, servers, RAID drives, cooling units, power generation stations, various gigabit ethernet devices, wireless devices & protocols...
all of these are PHYSICAL things with CIRCUITS.
Bitcoin is just a pattern WITHIN the Internet, not a physical thing, it has no structure of atoms.
The Internet actually does.
What's REPEATED using the Internet has no physical structure but ephemeral photons & electrons for transit.
What's HOLDING the information is solid, tangible goods.
And yet it exists. Weird.
as do spiderwebs, though webs have much more utility than bit-conz.
They are very impermanent.
Fonestar,
Honest question for you... Which of the sites do you recommend for a bitcoin account? I am familiar with Mt. Gox as one option, are there better sites?
Thanks!
If you're buying, Bitstamp is currently cheaper.