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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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"Real Libertarians" don't necessarily jump on the first bullshit bandwagon that comes along just because it claims to be "anti-central bank". A crap solution that touts free market status is still a crap solution. Bitcoin is utter garbage slathered in the cosmetics of liberty - a distraction away from real tangible solutions like physical gold and silver. Mt. Gox was THE LARGEST bitcoin exchange and it has now dissappeared, which proves beyond a doubt that bitcoin is not immune to ponzi schemes often equated to paper currencies. Bitcoiners cry "conspiracy" whenever someone presents rational criticisms of their movement because they are so desperate to be the knights in shining armor, saving the world with the power of their hard drives. Too bad the real world is pissing on their parade, but that's how it goes. Anyone who thinks bitcoin is going to stop the central banking cabal is truly deluded. Want to make a real difference? Try getting off your asses, away from your computers, and build self sustaining trade in your local community. Learn how to produce needed goods. Learn how to defend yourselves, instead of living your whole lives as 96 pound geek weaklings like the guys in the photo. Fuck bitcoin. It's a waste of time, energy, and naive optimism...
http://en.wikipedia.org/wiki/No_true_Scotsman
and... it's gone!
http://www.youtube.com/watch?v=-DT7bX-B1Mg
Awesome. Poof!
this Crypto money fiasco brings to mind the anarcho capitalist mantra that is prevalent here amongst some in ZH.
State regulation can be Putinistan, no doubt about that, or a softer version like France : not knowing Colbertism from Mussolinian crony capitalism, all the while pretending its free market balance.
But this anarcho capitalism thingie that Reaganomics spawned today is just Mafia or neo-feudal ideology, hidden under the false nose of libertarian "useful idiots". Madoff, JAmie Dimon and MT Gox...all work to the same simple ponzi rule where the only rule is nobody is ACCOUNTAblE, so no moral hazard! And the state pays for the broken china after the rampage.
There has to be balance between state and private enterprise in a state of law that is effective.
Thats History's lesson and Enlightenment's legacy.
We've got the worst of both worlds today and thats the saddest part of NWO-Reaganomics age.
The US had it all in 1990 when the Berlin wall fell and there were no ideological rivals.
And they blew it by becoming the mirror reflection of that absurd enemy called USSR, all out of Hubris.
Wow, human nature...when you rape the Trojans you end up in hell.
Dumb and Dumber II...
No Gas, No Grass, No Ass, No Ride.
HOTT Treason #7 The Congressional Record
I GOT GOX'D!!!
Fuckwits Inc
Gold 5,000 years, Bitcoin 5 years. Hmm.
Bitcoin millionaires
All Your Satoshis Belong To Us
Mt Gox Wait I need my glasses My Gov right..... in virtual we trust Krugman say you need guns.
'My Parents Invested in Mt. Gox and All I Got Left Is This Lousy Sign!
I guess those two guys are what makes up the "junior miners section" of the BTC industry?
Gocks Suckers
Gox Suckers
"Will suck c--k for bITcOINS"
.....and probably actually will. What a sad display of groveling. Those poor saps should be chucking car batteries through the double doors of that place, but then again, they signed up for this I guess.
lol, Jay and Silent Bob Strike Back, George Carlin reference + 1,000,000,000
Caption:
We're idiots.
Please kill us.
"Dumb and Dumber."
My entry...I know someone already did this..right ?
GOT GOLD ?
This is a buying op for bitcoin. ANYTHING that hurts the banks is a friend of mine. Gold Silver Bitcoin. Get on board now.
gold & silver are tangible. That which is intangible only helps the banks. Bitcoin is their friend.
After this no way.
How do the exchanges stay liquid over the long haul if the number of "cash-outs" increase (profit-taking) as the price rises???
Exchanges are "supposed" to be fully allocated and immune to bankruptcy. Every seller deposits actual BTC at the exchange and every buyer deposits actual Fiat currency. The exchanges charge a fee on each trade, usually 0.5% or less. This Gox fiasco should force the other exchanges into becoming more transparent.
btc-e is not going to become transparent!
At least we knew, who was behind Mt. Gox.
At least those nerds above could go to an office building to whine.
We no nothing about btc-e and there is no address to go to whine.
BTC-e statement on Mt.Gox closure
BTC-e "plans to start publishing financial statements, verified by an external audit, on a regular basis."
I will stand corrected, when their plans are put into actions.
Which one is fonestar?
caption: "I really AM going to live in mom's basement f0r3ver"
Time to fire up the FLUX CAPASITER.
BACK TO THE FUTURE!!
How about firing up Spelling 101?
Youcan always count on morons like you to find fault. But that's OK I wasn't going for the spelling prize anyway
we don need spalling when we have electrolyte masheens!
bach to the foooooture!!
Sermon on the Mt. (Gox version)
Shitcoin.
Every day bitcon isn't a ZERO,
Is another day where there are too many anii in the world.
You don't get it. btc has zero actual value.
Even if its everything they say it is.
Would you pay $1000 for a credit card, duh.
And a credit card = credit.
A bitcon = some dingleberry in japan running off with your money screaming,
BONZAI FUKKERS!
I am still laughing 2 minutes later... The visual picture you painted is even funnier than the topic of this post.
<tears streaming>
fuck butterscotch pudding
The next time this happens it will be a large Wall St. Exchange that goes down for scamming BTC , very likely in 2 or 3 years time , BTC will crash from 50k down to 30k . No doubt The Flat Earth Society will be quickly calling it the end of bitcoin.
even if you really believe something like that only a tiny little bit, you quaify for full Obamacare Disability
You're hilarious. No one wants btc anymore, they've seen the garbage it turns into. You can do a lot with Febreeze but this is asking too much.
Bitcoin? What bitcoin?
Now? Now! They care about it being tangible...
You don't own it, if you don't hold it.
Up & Down faster than the Dollar.
I think of BitCoin like paper Dollars without the guns.
Will work for quaint ancient relic.
Tom Waits - Letterman 2-6-86
http://www.youtube.com/watch?v=LEttHwPXARk
It's not like you lost anything of real value anyways ... all you had invested was sometime setting up some computers to solve some math probelms ... like that's producing anything of tangible value anyways... Fonestar.
Depends: many people invested in mining equipment: either parts that they fashioned into miners or miners they purchased from places like Butterfly Labs. Also, if they were mining they sucked a huge amount of electricity out to do it. $$$
Irony: Mt. Gox was a big player in the libertarian digital currency that was to provide refuge from the destructive elements of fiat currency--and here clients were shut out early due to Gox's fear of a bank run, then came collapse with investors left holding the bag. Sound familiar?
But seriously: what we have here is creative destruction. Not an owner of Bitcoin, I prefer silver, but consider: Gox was always incompetent: they needed to fail. Time to prune the deadwood. Every innovative product or platform always has failures, often spectacular ones. There are solid players out there like Coinbase. Gox is not equal to Bitcoin. And Litecoin was created to fix a number of flaws in Bitcoin.
Any players in Bitcoin or other alt currencies are better off cashing out soon and regularly and investing the earnings in hard assets.
A positive: no one will ask for or receive a taxpayer-funded govt bailout.
Litecoin does not fix "flaws" in Bitcoin. It just replaces the hash function from sha2 to scrypt. The rest of the protocol is the same.
no, like all digi-exchanges it was a honeypot. You couldn't use the same dollars or work-hours to buy gold, silver, food or safe/secure property when loading up on digital nothings & then it was vanished, as intended. This was the only plan ever.
'Oh help and bother, the honeypot is empty! Now I only have rumblies in my tumblies! With no physical money I will get no physical honey'
Reminds me of a defunct website:
http://lookatthisfuckinghipster.tumblr.com/
Go mine some feathercoins, you layabouts.
"Will Pwn Newbs For Food"
Ahh, wtf is on the guy on the left's face? Does he shoot laser beams from his eyes?
But on a serious note, the technogeek/hobo fashion sense of these 21st century financial prodigies tells you everything you need to know about bitcoin's fanbase and why it won't ever be anything more than a novelty.
He's Go Ogling with Go Ogle Glass.
Looks like Borg.
Holding a sign asking - "Where is our money" really shows that they just. don't. get. it.
If you really want to cash in on bitcoin, buy power companies.
It's just like the days of the '49ers. The shop keepers selling shovels, and picks make the most money - not the miners.
Nioney.....Maybe hold it ib your hands is better?
Like all ponzi schemes that are doomed for failure...a little traveling music maestro.
http://www.youtube.com/watch?v=cz0NKWpRO6g
2x0=?
1d10t</$>
Virtual vasoline please?
Mt.Pox
Tech-savvy Bitcoin investors attempt to communicate with the MtGox exchange.
Bitcoin investors attempt to attract the attention of a MtGox executive on the roof of the exchange.
So, bitcoin, the eternal currency that cannot be manipulated, collapsed before fiat currency.
LOL.
Reggie M, you out there dude? What you go to say about this?
think he'll comment if we load up a digi-wallet full of UltraFails and leave it out as bait?
Some geeks demonstrating their ignorance over what a simple thing like money is.
' Beep if you spot any suckers '
After this .... how about we go find fonestar ?
We are solvent and your money is safe ... you will return home and purchase more bitcoins from other exchanges .... I will now count down from five to zero after which you will wake ... five ... four ...
"Will Fuck for Bitcoins"
"No" and "We have no idea"