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Caption Contest: Bitcoinless
Take an exchange named for "Magic: The Gathering", add some "currency" which in its most tangible form is an electron fluctuating between 0 and 1, and you get this...
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DoChen is down a virtual $900 or so on BTC education. Expensive!
But maybe buying BTC should be like gold: BTFD! (?)
It's rebounding nicely. Silver looking mighty fine though.
Two identical guys have the same sign only with Ft. Knox at the top
YES!!!!!
So how long before we start reading headlines about BTC traders having runs-ins with nailguns?
DaddyO
They're going to need alot of nails to hold down an entire planet.
I don't know, that ground comes up pretty fast when you're in free fall.
DaddyO
The ground is coming up hard and fast for the world's central banks. On 9/11 most people didn't know or care who the Fed is. Thirteen years later and a generation across the globe knows banks are the enemy of humanity.
Hey you 'Gox Suckers'!
"Magic: Watch it disappear."
CAN SOMEBODY TAKE A PHOTO OF A "BIT COIN" AND POST IT PLEASE!!!!! I'VE NEVER SEEN ONE, LET ALONE HELD ONE!
I'M DUMB I ONLY TRUST THINGS I CAN HOLD IN MUH HANDS DURR!!!
What, like an i-phone or the digits that stream across its screen?
...or oxygen, hydrogen, ozone, carbon....
THEY COULD DISAPPEAR ANY MOMENT!! KILL YOURSELVES NOW!!!
if there are bitcoins missing, why does it not make the rest more valuable?
It does and it has. Many of the 12 million Bitcoins mined are already lost forever.
but the price dropped when mt gox went tits up
Well do you want to see immediate price reactions? Just have patience.
Did the printing shop for the signs take bitcoin?
Does it matter right now fuckhead?
what happens when the global btc community has 12m members and they all want one btc?
uh, price goes up? What happens when the global gold community wants 1 kg each?
correct AND correct again!
Roger Roger....
http://www.youtube.com/watch?v=I5QwKEwo4Bc
Then you have 12M dupes standing on corners with cups in their hands...
They trade them back and forth amongst themselves, hoping like crazy to recruit more members
who needs to recruit when cyprus, hyperinflation, "one-time" taxes, and currency controls are here?
difference in outcome being.......
and how does that affect my physical?
Are you recruiting gold buyers? Sell me on the idea, I'm conflicted and can't decide to take the plunge...
screw that. I'd prefer you sell. I told fone I'd buy at $5
Haha, yeah. I'm stacking both and wish both were cheaper. And I'm with Scarlett, BTC pretty much sells itself. There's no real race or deadlines, it can take its own sweet time to find market saturation for all I care.
Any currency that would make those two fuckin nerd bums millionaires overnight desrves to be blowtorched 5 times over. Somebody needs to shove those fuckin google goggles down the throat of fonestar's boyfriend.
Here's to all the rest of the ratholes going the way of the Gox. Cheers.
Bitcoin and the cryptocurrencies are here to stay fuckhead. And do you think young people are going to sit around waiting weeks for your gold bars to show up moron? People want to be paid immediately.
I started a puppy fund for you. Looks like nobody's donated yet :(
"Caption Contest: Bitcoinless"
I went to the interwebs, and all I got was fucked by some guy selling crypto hashes for $500.
If you like your bitcoins, we'll keep your bitcoins.
For some reason, saying, "I told you so" never feels as good as it would have felt if 200million in 'investments' wasn't just stolen.
The end of Mt. Gox is not the end of Bitcoin.
I feel sorry for people who (may) have lost money, but keeping a lot of bitcoins at Mt. Gox was reckless. It's like keeping millions of dollars at JPM, Citibank or any of those insolvent banks. Just keeping small amounts for paying bills and stuff makes sense, but why expose your money to unncessary risks? It's same with Mt. Gox. It was an exchange. Why keep bitoins there once your trade was done?
It's the end of bitcoin for all the people who weren't fast enough to get to MtGox's exit in time. I know no bitcoiner will admit to being one of those people who lost money, but a lot of people just got completely fucked. For you bitcoin pushers to ignore that fact in your continual pushing of this scam reveals a lot concerning your greed and lack of empathy.
No. One exchange failing does not make the end of an entire system.
I feel as much sympathy toward people who have lost their money in the Mt. Gox debacle as toward people who lost moeny in the stock market plunge after the Lehman Brothers collapse. The way I see it, whether if it's bitcoins or stocks, "investing" your money always involves risks. Losing money due to the Mt. Gox debacle does not make it more tragic.
I have $3k = 11BTC on Mt.Gox. This was the max. I was willing to entrust to them at any one time. Who knows, some of it may be recovered during liquidation.
I really hope so.
Admittedly, I only had less than 0.5 btc on Mt. Gox. But I thought I had lost all my bitcoins when Tradehill went down in 2011?/2012?. I learned from the mistake. And I have since recovered more than 5,000% on what I put into Tradehil. Bitcoin may still go to zero, but like I wrote above, it's a risk like anything else. Being too afraid makes you live small. And I think that's one of the worst ways to appreciate the gift of life. But I guess it's just me.
Actually, people are buying BTC on Mt.Gox: http://bitcoinbuilder.com/ 1 BTC on Mt.Gox currently trading for 0.13 BTC in the real world.
Hi. Thanks for the info. I guess this could be the case of when the blood is running in the streets. We'll see soon enough, I think.
Awww, did I hurt your feelings?
just like all the gold that's gone missing forever throughout the ages...until it magically shows up on an exchange at just the opportune time.
fonestar on the left
fonestar on the right
.
Toldja...
If it's online it ain't yours, period.
http://www.wired.com/wiredenterprise/2014/02/bitcoins-mt-gox-implodes/
As per Wired, it was HACKED
Holy Ship to Shore, Fonestar...I thought this BTC was bulletproof?
Looks as if someone isgoing to be living the highlife and has a nice fat wad to boot.
DaddyO
People get their gold corzine-vaporized
People get their btc goxed
Odd. Jon was never in my canoe.
kinda gets back to the point of if you can't polish it you don't own it...... paper burns...... bits get reset etc... etc
Now if you'll excuse me I've got to go polish something while looking at scarlett's avatar
probably insiders, and the report says 550 000 investors.
As per Wired, it was HACKED
Wait, where's all the high tek, nerdy ekonomisssst-brainiaks & iNkrIpTsHuN specialists that said it was un-hackable and impervious to being, ya knoe, leyek, schtolen?
they r not missing. They are now in the hands of criminals. something nobody in the bitcoin cult seems to care about. They are all to busy bashing gox.
I am an early bitcoin adopter but the very large chunk of bitcoin controlled by criminals is seriously putting me of the entire idea by now.
The crazy bitcoin wealth concentration is another problem, the 0.1% look like socialists compared to the wealth concentration in bitcoin.
Protoshares and vertcoin start looking more attractive by the day.
None of those are money. False equivoation.
Carbon?
You're an idiot.
is phonestar a whinklygloss twin? I saw a report on how the price of bitcoin was moved up and the report said that the method is actually illegal. another source said that One of the bitcoin exchanges could be manipulated easily by the bitcoin top guys using just a few investors money if that exchange had limited members in that exchange.
If you can't see it, touch it or hold it, then IT doesn't exist except in the minds of the delusional and soon to be disenfranchised. Kiss those ones and zeros buh bye!! Now, where was I...1 silver eagle, 2 silver eagles... I'm virtually glad I hold something physical. ..
Since folks with bitcoins at Mt. Gox may have lost it all, apparently only trusting things you can hold in your hands sounds pretty smart to me...
I have a real paper pocket-sized notebook that I use to keep a running document of the handles of posters who post the dumbest comments I've ever seen on ZH.
Of the past ten comments I have document, 8 belong to you.
I can hold that notebook in my hand. I trust it implicitly. Durr.
[Edit: This was posted in reply to fonestar. WTF happened?]
I can hold a fart in my hand!
and IT at least has chemical energy
https://en.bitcoin.it/wiki/Casascius_physical_bitcoins
created by Sasquatchi
+1,000,000,000,000
Whisper rumor that the dude in the shades is the one they call "Satoshi."
He's on the lam, bitches.
400 million USD...and POOF, it's gone.
p.s. That AppleCommodity laptop belonging to the unemployed guy on the right (who just popped some tags @ The Salvation Army) is pretty symbolic of The New Normal, there, too. Have it opened to FaceFuk, while he's tweeting an order for Doritos Locos Tacos delivery with his SNAP/EBT Card, and then show the guy's Mom's Tesla (leased with what would normally be the mortgage payment on her foreclosed home)'across the street...and CUT.
...and the purse between his legs is filled with thumb drives.
"magic trick"
http://www.youtube.com/watch?v=5K3E5tLoado
@fonestar
So here we are, with the other exchanges trading around 535 and change, essentially up 100 bucks from their lows. Amazing what happens when you let shitty exchanges FAIL eh? The two guys in the picture, well, I can't believe they trusted Gox after all of their problems since 2011, but there it is...
Hope you're doing well, I'm just watching the usual media frenzy over the whole thing - some are actually getting it right, which is surprising. Not many "bitcoin is dead" articles. Just a few pointing fingers and laughing, like Zerohedge, classy as they are.
Since the cancer has been excised from the trading "body", we're on track for recovering the price levels we left a while ago. I'm thinking mid-to-late March where it starts to swing back.
Honestly, you bring up a great point of letting the bad banks, exchanges, etc., fail.
I have been advocating that to anyone that would listen since forever.
I guess Mt Gox wasn't TBTF...had JPM or GS held a sizeable stake, things may have been different.
JD and LB are sipping their cognac and chuckling up their sleeves.
DaddyO
Posted by a user at bitcointalk on Feb 8th, after the nth bullshit 'technical' glitch at MtGOX:
"The only good thing about this situation is that now Mtgox is the most secure wallet in the world, in fact it is 100% impossible for an hacker to take your money from your gox wallet."
bitcointalk has 250k users, all of them worthy of being quoted by you.
@ Exponere Mendaces
I'm with you on the next leg up.
Any of us who have been watching Gox saw the writing on the wall. What I most notice is that the principal exchanges and developers moved swiftly to counter with high transparency and education - that is the beauty of the free-market. I added to my position around both sides of the low last night.
Max Keiser says $10K in two years; who knows - but the blockchain is here to stay.
so when the news that Fort Knox is empty hits the wire will the value of the gold in my hand go up or down?
Two Germans have the same sign, only with NY Fed. at the top.
Now we know what fonestar looks like.
"Now we know what fonestar looks like."
Doubtful. Fonestar would need to have blown his entire Btc wad paying for the cardboard and the Sharpie.
How many Bitcoins does fonestar own moron?
none
fonestar owns no bitcoins
there are not a physical item you can own
he may have claim to some code, but actually owns nothing
which is the problem with bitcoin
aaaand, scene
Then most of the developed world (comprised of many systems) "doesn't even exist". That's how truly fucking stupid you people are.
thats actually true in some ways
lots of fake money out there doing lots of fake ass shit
you dont even own your home...you rent it from .gov
anything you cant carry in a sack isnt really yours
anything thats use can be limited isnt really yours
rentier society at its worst
The world has been run on intangible systems for hundreds of years and will continue to be that way long after the dollar. The fact that a blockhead layman never gets to work on these systems, doesn't understand them or never interacts with them does not change the facts.
and that is good because why?
this has allowed a systemic stripmining of the population
but it all depends on electricity these days
there isnt even a redundant paper trail
and that means there is a choke point on fonestars wealth
if you are denied internet or power, you lose
if you had a relative who had to flee a country as the world changed around them, you might change your tune just a bit
when you run, you run with what you can carry and nothing more
it happens all over the world all the time
and if you cant argue without the epithets , maybe you shouldnt argue at all
actual question for youfoneystar
what exactly do you use your bitcoin for?
do you use them at all, or just hoard them?
no snarc
actual curiosity
still want to know
"The world has been run on intangible systems for hundreds of years..."
Thats sorta the problem isn't it?
It is a major problem if you like chewin' on straw waitin' on that wagon to come into town.
why wont you tell us what you use your bitcoins for, or if you just hoard them?
Won't the horse be hungry after that long pull?
You gonna feed it an i-phone?...lol.
derivatives come to mind
amazing how something that doesnt exist has the ability to blow the damn world up
If you want to compare the system of derivatives to the system of Bitcoin that's fine. But you've already stated that systems do not exist and are inherently worthless. So why bother?
"never argue with a drunk (or ZH moron)"
Why did you dodge johnQ's question?
DaddyO
like comparing a republican to a democrat
or a shit sandwich to a turd sandwich
i dont want either one
frankly i would prefer stability of value for my monetary unit
but because of shitty systems i dont have that choice
i certainly dont want this level of volatility
at least gold and silver are less volatile, and i can physically have them in my possesion, but even they arent ideal
wha if a government built an NSA sized bitfarm for a billion orr two tax payer dollars and made yo ones and zeros depreciate to their natural value of zero?
furthermore, there is nowhere where i live now, or where i am moving to that takes bitcoin
there is nothing i want that i could buy with it
not food,gas,electric bill,pay my contractor, nothing just nothing
what do you personally do with it?
Precisely, gold and silver just function as a hedge for me, not an investment.
I have tried to disconnect as much as possible from this sh*tty system.
But when it is the most widely accepted game, you have no choice but to use it.
TPTB are starting to get pissy about disconnecting though, see this story for an example of what I mean.
DaddyO
same here
its for disaster use, or to bribe the guards
if you could have heard my grandmother tell the stories of what true flight and fear are about....chilling
first from spain to southern france, across the mountains to italy before finding safety in switzerland....years of flight from different groups of fascists and war and insanity
....And yet, here you are yet again, for the 12,000 time to defend your Precious....
Dude- we're not laughing at BitCoin- we're laughing at you- figure that out already.....
Fone, you may be right about the world running on intangible but the stuff in my safe is very tangible and very safe.
+1... you know whats really funny is some people will use a credit card to buy said sack. They won't even own their hobo apparel.
"How many Bitcoins does fonestar own moron?"
The correct answer is none. Didn't you know? They are intangible. They don't exist. The real question is how are you going to convert them into something that does exist now that everyone knows bitcoin is a scam?
Gyft.com, Overstock.com, TigerDirect.com, Playboy, CoinMap.org, convert to USD with Coinbase.com
How many Bitcoins does fonestar own moron?
My over-under is 25, just enough for him to hope and pray for that 6-digit bitcoin worth and then he'll be rich, rich, rich. But it's clear as crystal that fonestar is a poser when it comes to assets.
Hmmm . . . . past experience has told me its a Very Good Idea to slowly back away from people who talk about themselves in the third person.
i need to know where those two are doing their 99% routine
is this their version of Occupy mt gox?
Fonestar and Occupy, occupying
Hey dipshit, fonestar and most other Bitcoiners never used MtGox.
fonestar and most other Bitcoiners never used MtGox
and you arent going to get to use your bitcoins either, are you?
now go get your shinebox
Um, why can't fonestar use his Bitcoins??
Talking in the 3rd person is sure to win you up votes here!?!
So why can't fonestar use his Bitcoins?
Waiting...
Waiting...
Waiting...
and you will cotinue to wait
Because there are no answers coming from you morons is why.
can i buy a unicorn with bitcoin?
Why not just answer the question dipshit? You had the nice cozy era of technology, not prepare for the chapter where your ass gets rammed by it hard.
Fonestar, man, you're falling apart. This shit is really starting to get to you, isn't it?
I know I've been pretty harsh on you (mostly because you're a complete fraud), but jeez, I am starting to lose the desire to take another swing at you. Looks like you've had enough already.
Hahah.. fonestar knows how to deal with morons better than anyone! Bitcoin is $533 today!
BITCOIN IS GOING TO FIVE AND SIX FIGURES AND BEYOND!!
with a decimal point leading the way.
I agree. Piling on fonestar at this point is like giving the guy who's prom date fucked the quarterback in the bathroom a hard time.
Viva Las Vegas! Elvis, that was some funny shit.
I am always amused by tough guy talk on the internet. My guess is fonestar is about 5' 8", weighs 265lbs, and couldn't do one push-up if his bitcoins depended on it.
if its high margin crap, no problem.
...Because your Mom won't let you out of the basement.....
You better hurry up and buy some crap from Overstock.com while you still can
Why do I need to hurry?
Waiting...
Waiting...
Waiting...
Enjoy your stretch pants throw pillows from Overstock buddy
actual question for youfoneystar
what exactly do you use your bitcoin for?
do you use them at all, or just hoard them?
no snarc
actual curiosity
He apparantly bought some discontinued knife on the O
True believer bitcoiners only spend their bitcoins on piddly shit, usually accompanied by a selfie to post on their instagram/twitter. Otherwise, they only hoard them. There's also a really lively drug and child porn market.
Dunno, BitPay has 20,000 merchants signed up, clearing well over excess of $100 million in sales. I'm too lazy to check on Coinbase and other Bitcoin payment processors.
That's $5k in sales per merchant...
Not a bad start for 6 months of operations in addition to their ordinary USD sales. Patience, grasshopper.
Um, why can't fonestar use his Bitcoins??
Who knows?,why don't you ask him/it in FOURTH party terms?.
"fonestar and most other Bitcoiners never used MtGox"
Technically correct but still a mendacious* attempt to understate that exchange's importance.
* have we come to expect more from that idiot?
"MtGox, once the world's largest Bitcoin exchange..."
http://www.businessinsider.com/reports-mtgox-halts-all-trading-2014-2
"Trading on MtGox, what had been the largest Bitcoin exchange with over 50% of market share a year ago..."
http://www.businessinsider.com/reports-mtgox-halts-all-trading-2014-2
Yep, "...most others..." indeed.
Not too long ago they accounted for 80% of all USD trades in Btc. Now, it seems that no one ever had as much as 0.001 Btc move through there. Yep, no one <cough cough> Oh, and none of them ever lost a dime on Btc and they all bought in at $16. BULLSHIT HEAPED UPON BULLSHIT
That's right fucktard. Not one uBit of mine came from MtGox. Never used them and don't care.
"That's right fucktard. Not one uBit of mine came from MtGox."
Strawman rebuttal fucktard. Your original statement was that most Bitcoiners did not use MTGOX.
MY reply addressed the "most" aspect of that statement.
Your lame rebuttal? More mendacity and diversion. You can't even win a debate with yourself (see ZH Btc thread from earlier today. No, scratch that: see MOST threads on Btc, and in this case my MOST is infinitely more accurate than yours...fucktard).
You will never get a bitcoiner true believer to admit that he ever lost any money. It's always some other sucker or loser who gets his/her coins stolen. Notice how they refer to the victims of a crime with such vile and angry terminology? It's almost as if they feel threatened.... *pondering*
The flipside to their argument is they haven't lost money because they're going to hold on to their bitcoin until it reaches 5 or 6-figures, which will happen oh-so soon.
Keep your eye on the prize... logarithmic BTC price chart with 3 major bubbles clearly shown
I think it's time that BTC enthusiasts learn the truth behind BTC: Satoshi Nakamoto is, in reality, The Honorable* Jon Corzine.
*Yes, I threw up in my mouth a little. OK, a lot.
http://www.youtube.com/watch?v=B05INM57xO8
I bought on Mt Gox back in the day when they used Dwolla. I realized they were in trouble and withdrew 99% of my BTC from their site (phew). I guess the 1% that's left is gone, oh well. I bet BTC will live on even after this. How many times has BTC died already, 5, 7, 10?
The funny thing is the mentally vacant posters here actually think Bitcoin is in trouble because they get their news about Bitcoin from Zerohedge. Go over to Reddit, BTC Talks, anywhere else and this isn't even news.
well most posters here hate Twitter out of sheer ignorance, meanwhile ZH's twitter is one of the best around....let haters hate....but BTC is sketchy of late: best to let it settle....
What I find most amusing is that ZH is supposedly full of freedom-seeking libertarians, who go on and on about alternate currencies (meaning gold), until they actually see one (which isn't gold).
In reality, it's just convenience libertarianism. Just as most socialists I see around me are convenience socialists.
Excuse me, just because some libertarians reject bitcoin doesn't mean they are hypocrites. I and many others reject bitcoin because of its MANY flaws. Bitcoin is a service to be used with extreme caution.
They're not just hypocrits, they're fucking traitors. Bitcoin does not need to be used with "caution", where you store your Bitcoin needs to be thought out with caution.
Traitors to what or to whom? Are you saying a libertarian MUST adopt bitcoin? Now that doesn't sound much like freedom to me.
Trying to spread FUD against the most powerful weapon to fight banksters makes you a traitor. No doubt about it.
I see. People trying to spead info and facts while advocating caution are...wait for it...ANTI-BITCOIN TERRORISTS!!! You got that people? People who don't advocate bitcoin are no good hypocrtical treasonous terrorists. You sound like the US government dude. You need bitcoin rehab.