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05-18-2011, 12:45 PM
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#1
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I, Vettezuki
Join Date: Feb 2006
Posts: 14,754
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BitCoin
It's a fascinating technology designed as secure, unhackable and untraceable virtual P2P currency. The underlying tech and security mechanism is very interesting. I like it for it's potential revolutionary implications. 
http://www.bitcoin.org/
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05-18-2011, 01:55 PM
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#2
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Senior Member
Join Date: Jan 2010
Posts: 1,255
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Quote:
Originally Posted by Vettezuki
It's a fascinating technology designed as secure, unhackable and untraceable virtual P2P currency. The underlying tech and security mechanism is very interesting. I like it for it's potential revolutionary implications.
http://www.bitcoin.org/ |
I have about 10 bitcoin's right now
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1983 K20
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05-18-2011, 01:59 PM
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#3
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I, Vettezuki
Join Date: Feb 2006
Posts: 14,754
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Quote:
Originally Posted by blackax
I have about 10 bitcoin's right now
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I'm going to starting running the process. There's more and more people taking them for tangible goods. We'll see. It's interesting because it doesn't really fit neatly into existing theories of money. It's "fiat" in that it's not backed by anything tangible, but has scarcity rigorously built into the system and cannot be arbitrarily inflated/deflated.
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05-18-2011, 02:03 PM
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#4
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Senior Member
Join Date: Dec 2010
Posts: 202
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Quote:
Originally Posted by blackax
I have about 10 bitcoin's right now
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 This is a BitStickUp gimme your BitCoins or you're gonna get BitBlasted with my BitGat, this is fun.
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2006 Brazen Orange Metallic Pontiac GTO
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05-18-2011, 04:39 PM
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#5
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Senior Member
Join Date: Oct 2009
Posts: 1,078
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I wonder how long this will last before the Feds step in. Stealing is only illegal because the Feds hate competition.
Bob
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06-01-2011, 02:58 PM
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#6
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I, Vettezuki
Join Date: Feb 2006
Posts: 14,754
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Subversively undermining governments through counter-economic revolution is fun. All the cool kids are doing it.
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06-01-2011, 04:36 PM
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#7
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Neanderthal
Join Date: Mar 2008
Posts: 5,320
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Quote:
Originally Posted by jedhead
I wonder how long this will last before the Feds step in. Stealing is only illegal because the Feds hate competition.
Bob
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They will start with saying it's a "CON". Then they step in to protect us. 
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06-09-2011, 06:33 PM
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#8
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I, Vettezuki
Join Date: Feb 2006
Posts: 14,754
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Quote:
Originally Posted by jedhead
I wonder how long this will last before the Feds step in. Stealing is only illegal because the Feds hate competition.
Bob
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Not long
Senators seek crackdown on Bitcoin Currency.
http://www.reuters.com/article/2011/...7573T320110608
However, the the currencys depend on a P2P Tor network, and they won't take that down. Why? The feds use it for their own secure tunnels and it only works if there are tons of nodes on the network. It's wonderful when you can poke them in the eye with their own stick.
Go Fu*k yourself Chuck. (Schumer, not you Chuck. lol).
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06-09-2011, 06:40 PM
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#9
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I, Vettezuki
Join Date: Feb 2006
Posts: 14,754
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And Reuters can't even get their facts straight.
Quote:
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However, Bitcoins must be purchased with real money; of late, they have been selling for roughly $10 each.
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A, it's more like $30 now. B, no. They can be generated. C. No. You can earn through your own business. It's a currency. It facilitates trade among market actors. But it is gloriously untraceable and has nothing to do with governments at all.
Nakamoto-san 
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06-10-2011, 12:52 AM
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#10
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That's Mr. Bitch to you.
Join Date: Jan 2007
Posts: 1,265
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Quote:
Originally Posted by Vettezuki
Not long
Senators seek crackdown on Bitcoin Currency.
http://www.reuters.com/article/2011/...7573T320110608
However, the the currencys depend on a P2P Tor network, and they won't take that down. Why? The feds use it for their own secure tunnels and it only works if there are tons of nodes on the network. It's wonderful when you can poke them in the eye with their own stick.
Go Fu*k yourself Chuck. (Schumer, not you Chuck. lol). |
Wooo, oh okay never mind.
So each of these cyber coins are worth 30 bucks WTF?
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2012 Sand Storm (Toy Hauler)
2008 Cadillac STS-V (The Car)
2008 2500 HD Silverado (The Work Truck)
2008 Honda TRX400 (Her Bike)
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2005 Mazda 3 2.3L (Her Car)
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P.S. Fuck Apple.
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