Author Topic: What the eff is a bitcoin? (Read 6600 times)

Mr Bread · « **Reply #50 on:** April 11, 2013, 08:22:06 PM »

So they get to use some of your computer for processing their transactions and you get a taste of bitcoin in return. Hmmm.

puniraptor · « **Reply #51 on:** April 11, 2013, 08:35:22 PM »

Quote from: Mr Bread on April 11, 2013, 08:22:06 PM

So they get to use some of your computer for processing their transactions and you get a taste of bitcoin in return. Hmmm.

Yes. The common analogy is gold miners rewarded with tidbits of gold for expending their resources and health to bring gold into the marketplace.

chum1 · « **Reply #52 on:** April 11, 2013, 10:08:06 PM »

$78

The Big Train · « **Reply #53 on:** April 11, 2013, 10:46:10 PM »

I knew I should have learned C++ and not told it to eff off.

hemmy · « **Reply #54 on:** April 11, 2013, 10:55:12 PM »

Quote from: The Big Train on April 11, 2013, 10:46:10 PM

I knew I should have learned C++ and not told it to eff off.

I provide tutoring for $200/hr.

The Big Train · « **Reply #55 on:** April 11, 2013, 11:14:47 PM »

Quote from: hemmy on April 11, 2013, 10:55:12 PM

Quote from: The Big Train on April 11, 2013, 10:46:10 PM
I knew I should have learned C++ and not told it to eff off.

I provide tutoring for $200/hr.

That's cheap right?!

Emo EMAW · « **Reply #56 on:** April 12, 2013, 09:03:04 AM »

I am just completely scandalized by all of this.

GCJayhawker · « **Reply #57 on:** April 17, 2013, 10:24:24 AM »

Zimbabwe guys,

chum1 · « **Reply #58 on:** April 18, 2013, 10:55:33 AM »

http://nationalinterest.org/commentary/the-bitcoin-bubble-bad-hypothesis-8353

Rams · « **Reply #59 on:** April 18, 2013, 10:57:35 AM »

http://www.colbertnation.com/the-colbert-report-videos/425561/april-17-2013/bitcoin-plunge

steve dave · « **Reply #60 on:** April 18, 2013, 11:55:27 AM »

http://www.joeydevilla.com/2013/04/18/which-makes-more-money-mining-bitcoins-or-writing-about-mining-bitcoins-an-interim-report/?utm_source=feedly

Emo EMAW · « **Reply #61 on:** May 28, 2013, 04:10:58 PM »

Just got this in my Google News feed:

http://www.foxnews.com/world/2013/05/28/secret-service-busts-open-6-billion-money-laundering-scheme/

HerrSonntag · « **Reply #62 on:** May 28, 2013, 09:32:09 PM »

JFC the federal government is afraid of Bitcoins

bubbles4ksu · « **Reply #63 on:** October 02, 2013, 08:25:30 PM »

this is the silkroad site where people traded bitcoins for drugs and stuff.

8manpick · « **Reply #64 on:** October 02, 2013, 08:29:17 PM »

Quote from: bubbles4ksu on October 02, 2013, 08:25:30 PM

this is the silkroad site where people traded bitcoins for drugs and stuff.

Wondered how long it would take you to post about this

HerrSonntag · « **Reply #65 on:** October 02, 2013, 09:49:15 PM »

its like weeding your lawn by clipping the flowers off of dandelions

EllRobersonisInnocent · « **Reply #66 on:** October 02, 2013, 09:55:16 PM »

http://gawker.com/meet-silk-roads-alleged-drug-lord-a-29-year-old-calif-1440275594

Fldermaus · « **Reply #67 on:** October 03, 2013, 07:54:06 AM »

Still don't get it -- how is the FBI able to seize bitcoins?
Someone with high BCIQ lease explain.

mocat · « **Reply #68 on:** October 03, 2013, 09:12:32 AM »

Quote from: EllRobersonisInnocent on October 02, 2013, 09:55:16 PM

http://gawker.com/meet-silk-roads-alleged-drug-lord-a-29-year-old-calif-1440275594

that was a pretty fascinating, albeit horribly written, article

HerrSonntag · « **Reply #69 on:** October 04, 2013, 09:44:47 AM »

Quote from: Fldermaus on October 03, 2013, 07:54:06 AM

Still don't get it -- how is the FBI able to seize bitcoins?
Someone with high BCIQ lease explain.

Bitcoins only exist as a string of numbers (a bit coin key) That's why if you own some you want to keep them on some sort of password protected/encrypted drive... because all it takes to steal your bitcoins is a copy/paste action. Someone pastes in your key to transact the coins to someone else and poof! They're gone.

In this case, the feds were able to seize the servers that actually contained the bitcoins... so they cannot be accessed by their owners anymore... Same reason you run the risk of losing your bitcoins if your computer crashes. Now it might turn out to be that the coins are on an encrypted drive and can't be accessed and they were being synced up with another site that can still redeem them, since you know... that's what i'd do with that much money, but i'm just going on what's been reported.

kso_FAN · « **Reply #70 on:** October 30, 2013, 08:35:07 AM »

http://gizmodo.com/man-forgets-about-buying-27-of-bitcoin-is-now-worth-a-1454150399?utm_campaign=socialflow_gizmodo_facebook&utm_source=gizmodo_facebook&utm_medium=socialflow

The Big Train · « **Reply #71 on:** October 30, 2013, 09:33:29 AM »

Emo EMAW · « **Reply #72 on:** November 18, 2013, 01:04:07 PM »

http://www.forbes.com/sites/andygreenberg/2013/11/18/meet-the-assassination-market-creator-whos-crowdfunding-murder-with-bitcoins/

yoEMAW · « **Reply #73 on:** November 18, 2013, 01:39:13 PM »

http://np.reddit.com/r/Bitcoin/comments/1qw0f8/21000_bitcoin_cash_out/

TL/DR: Early adopter decides that it's a good time to cash out the over 21,000 bitcoins he's mined and posts about it on the internet.

MakeItRain · « **Reply #74 on:** December 13, 2013, 09:34:31 AM »

http://allthingsd.com/20131212/bitcoins-biggest-bet-andreessen-horowitz-leads-25-million-investment-in-coinbase/