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Old 05-18-2011, 11:45 AM   #1
VettezukiVettezuki is offline
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Default 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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Old 05-18-2011, 12:55 PM   #2
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Quote:
Originally Posted by Vettezuki View Post
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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Old 05-18-2011, 12:59 PM   #3
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Originally Posted by blackax View Post
I have about 10 bitcoin's right now
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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Old 05-18-2011, 01:03 PM   #4
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I have about 10 bitcoin's right now
This is a BitStickUp gimme your BitCoins or you're gonna get BitBlasted with my BitGat, this is fun.
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Old 05-18-2011, 03:39 PM   #5
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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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Old 06-01-2011, 01:58 PM   #6
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Subversively undermining governments through counter-economic revolution is fun. All the cool kids are doing it.

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Old 06-01-2011, 03:36 PM   #7
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Quote:
Originally Posted by jedhead View Post
I wonder how long this will last before the Feds step in. Stealing is only illegal because the Feds hate competition.

Bob
They will start with saying it's a "CON". Then they step in to protect us.
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Old 06-09-2011, 05:33 PM   #8
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Quote:
Originally Posted by jedhead View Post
I wonder how long this will last before the Feds step in. Stealing is only illegal because the Feds hate competition.

Bob
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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Old 06-09-2011, 05:40 PM   #9
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And Reuters can't even get their facts straight.

Quote:
However, Bitcoins must be purchased with real money; of late, they have been selling for roughly $10 each.

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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Old 06-09-2011, 11:52 PM   #10
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Quote:
Originally Posted by Vettezuki View Post
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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