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Posted: 10/29/2013 11:46:43 AM EDT
[#1]
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I started mining over the summer.. When I started they were about $90 bucks each now they are up to about $190 each.. my miners net me about 4 bucks a day.. Quote HistoryQuoted:
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Use the money to buy gift cards then mail them to the US Fuck that, pay the 25% and enjoy the windfall. Goddamnit.. I KNEW i should have gotten in on that shit back in the early days. I didn't see it going anywhere though. FUCK! How do you know it's too late? Serious question. What's to prevent a Bitcoin from being worth $5000 one day? There will only ever be 21 million of them tops so there is a built in deflationary bias if the currency continues to gain acceptance. If Bitcoins ever represented even just a percent or two of global liquidity, a coin could be worth tens of thousands or more. I don't have any, but it's an interesting question worth thinking about. The whole thing could blow up too, who knows. I started mining over the summer.. When I started they were about $90 bucks each now they are up to about $190 each.. my miners net me about 4 bucks a day.. Mining? Is it a game? |
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Posted: 10/29/2013 11:51:46 AM EDT
[#2]
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Mining? Is it a game? nope. its a program that cracks codes. a lot like the old SETI program, but for solving you get BTC. just turn it on and let it go. |
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Posted: 10/29/2013 11:51:51 AM EDT
[#3]
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Mining? Is it a game? Quote HistoryQuoted:
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Use the money to buy gift cards then mail them to the US Fuck that, pay the 25% and enjoy the windfall. Goddamnit.. I KNEW i should have gotten in on that shit back in the early days. I didn't see it going anywhere though. FUCK! How do you know it's too late? Serious question. What's to prevent a Bitcoin from being worth $5000 one day? There will only ever be 21 million of them tops so there is a built in deflationary bias if the currency continues to gain acceptance. If Bitcoins ever represented even just a percent or two of global liquidity, a coin could be worth tens of thousands or more. I don't have any, but it's an interesting question worth thinking about. The whole thing could blow up too, who knows. I started mining over the summer.. When I started they were about $90 bucks each now they are up to about $190 each.. my miners net me about 4 bucks a day.. Mining? Is it a game? People spend from $500 to $20,000 on hardware that has massive GPUs meant to figure equations and "mine" these. That's on top of the power cost. In the gold rush, the people who made the most money were not those who looked for gold, but those who sold shovels. 
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Posted: 10/29/2013 11:54:59 AM EDT
[#4]
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People spend from $500 to $20,000 on hardware that has massive GPUs meant to figure equations and "mine" these. That's on top of the power cost. In the gold rush, the people who made the most money were not those who looked for gold, but those who sold shovels.
but the guys that sell the shovels use the shovels for 2 months before selling..  Driving up the difficulty.
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Posted: 10/29/2013 12:06:22 PM EDT
[#5]
Quote HistoryQuoted: wtf is a bitcoin? black magic. It's a new currency from the Fed. They're trying to use it to wean Americans off the dollar, since it's almost worthless from "quantitative easing."  |
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Posted: 10/29/2013 12:16:46 PM EDT
[#6]
Quote HistoryQuoted: How do you know it's too late? Serious question. What's to prevent a Bitcoin from being worth $5000 one day? It's just getting started. The Chinese just got into it about 2 weeks ago, and it has almost doubled in price. What's even cooler... the developers of BTC can build in new features into the software as time goes on. And each BTC is divisible to 1/100,000,000 each. So, you can trade milliBTC and microBTC if the going rate is like $50,000 per coin or something. This could change the way we look at currency forever. It's literally history in the making. It's almost like looking at the very personal first computer and wondering what could be done with it. |
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Posted: 10/29/2013 12:23:30 PM EDT
[#7]
So 'bitcoin' is some internet token things that some people will actually pay real money for?
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Posted: 10/29/2013 12:25:14 PM EDT
[#8]
Quote HistoryQuoted: I can envision a world where the liquidity needs of these markets will greatly exceed $10 Billion. There are currently $1,170 Billion worth of Federal Reserve Notes in circulation if you need some context. I can also envision a world where this currency fails and becomes worthless. If BTC was $1,000,000 each, then the minimum you could trade would be $0.01, since it's divisible down to 1/100,000,000. The developers say they can even make it smaller if necessary... One day we might be trading mBTC or µBTC with little difference vs what we do now. It could fail. It's definitely possible, but it's been proven that for someone to affect the network at this time, it would take more computing power than all 5 of the world's most powerful supercomputers all at once. It can technically be done, but the chances of it happening are so small. Plus, the more powerful mining gets, the difficulty will continue to rise. Personally, I think there will be competitor currencies come out of the open source code, and BTC will constantly try to keep up with upgrades and whatnot. These are interesting times for sure. |
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Posted: 10/29/2013 12:25:15 PM EDT
[#9]
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What a great idea... Shit, I'd do it if I knew a little more about it. I know there are people in person in some cities (san antonio, Austin, DFW etc) who will trade BTC for dollars in person. Not sure about the security of doing it that way BUYING the BTC in person, but selling... sure. Physical dollars in my hand is cool. Quote HistoryQuoted:
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Bitcoins arent anonymous technically. A professor from my alma mater did a paper on cracking the transactions and tracking them if I remember right. all transactions are on the ledger. you can see where everything comes and goes. You can see the wallets, just not the name thats tied to it. I.E. 1Andy2 telle me has got brass for sale and will take BTC. Im like groove I have a few extra. so i get his address (which looks like a string of number and letters). I put that in to my wallet and send him some BTC. in a short time frame he gets his BTC sent form me to him. in the master ledger it shows my address sending to 1Andy2's address and how many BTC. You can do a search for his address and can see all the in and outs for it. BUT a wallet can have multiple address and you are to use a new address for each transaction to be semi secret. What a great idea... Shit, I'd do it if I knew a little more about it. I know there are people in person in some cities (san antonio, Austin, DFW etc) who will trade BTC for dollars in person. Not sure about the security of doing it that way BUYING the BTC in person, but selling... sure. Physical dollars in my hand is cool. I'll sell BTC in person. I'm in Charlottesville, VA - but my office in Xamar might be closer for you. |
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Posted: 10/29/2013 12:27:10 PM EDT
[#10]
Without Silk Road, wtf is the point?
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Posted: 10/29/2013 12:31:33 PM EDT
[#11]
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If BTC was $1,000,000 each, then the minimum you could trade would be $0.01, since it's divisible down to 1/100,000,000. The developers say they can even make it smaller if necessary... One day we might be trading mBTC or µBTC with little difference vs what we do now. It could fail. It's definitely possible, but it's been proven that for someone to affect the network at this time, it would take more computing power than all 5 of the world's most powerful supercomputers all at once. It can technically be done, but the chances of it happening are so small. Plus, the more powerful mining gets, the difficulty will continue to rise. Personally, I think there will be competitor currencies come out of the open source code, and BTC will constantly try to keep up with upgrades and whatnot. These are interesting times for sure. Quote HistoryQuoted:
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I can envision a world where the liquidity needs of these markets will greatly exceed $10 Billion. There are currently $1,170 Billion worth of Federal Reserve Notes in circulation if you need some context. I can also envision a world where this currency fails and becomes worthless. If BTC was $1,000,000 each, then the minimum you could trade would be $0.01, since it's divisible down to 1/100,000,000. The developers say they can even make it smaller if necessary... One day we might be trading mBTC or µBTC with little difference vs what we do now. It could fail. It's definitely possible, but it's been proven that for someone to affect the network at this time, it would take more computing power than all 5 of the world's most powerful supercomputers all at once. It can technically be done, but the chances of it happening are so small. Plus, the more powerful mining gets, the difficulty will continue to rise. Personally, I think there will be competitor currencies come out of the open source code, and BTC will constantly try to keep up with upgrades and whatnot. These are interesting times for sure. There are already competitors. Litecoin and Namecoin are two of the biggest - Litecoin is just Bitcoin with a different hash algorithm, which is designed to prevent the custom-hardware monopolization of mining we have in Bitcoin. Namecoin is designed to serve as a distributed backbone for domain name creation and maintenance, on top of a Bitcoin-like block chain. I have some holding in Litecoin just in case, but I don't expect it to overtake Bitcoin in the near future. |
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Posted: 10/29/2013 12:35:30 PM EDT
[#12]
Quote HistoryQuoted: So 'bitcoin' is some internet token things that some people will actually pay real money for? Oh boy. Okay. It's like this... You own a company in NYC and need to send $10M to Hong Kong or Tokyo or London. How would you do it right now? You would probably wire transfer it, right? That takes time for it to be deposited and confirmed. Bitcoin transfers within 10 seconds, and it's confirmed within 10 minutes max. Ok now, you are going to Germany or London for vacation. You need Euros and Pounds like pronto because your flight is this evening. You going to take travelers checks? hell no! Just buy some bitcoins with dollars, selll them for euros or pounds within 30 seconds, then go to the bank once you fly in and use your debit card to withdraw your euros or pounds. All transactions confirm in 10 minutes. Transaction costs are almost $0 (maybe a few pennies) unless you are transferring very small amounts. Now, let's say you own a business, and you're sick of getting raped by visa and mastercard fees. You can accept Bitcoins right now for your products for pennies. Bitpay charges 1% at the moment if you use them, but they're changing their structure in a few weeks to a new model. Picture them as encrypted internet tokens that you can send to anyone anywhere in the world within 15 seconds, and confirmed within 10 mins. |
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Posted: 10/29/2013 12:46:01 PM EDT
[#13]
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Without Silk Road, wtf is the point?
Well, there are legitimate vendors, too.. There are also a dozen or so darknet marketplaces out there that are at least equal in size to SR when taken in aggregate. |
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Posted: 10/29/2013 12:48:39 PM EDT
[#14]
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Well, there are legitimate vendors, too.. There are also a dozen or so darknet marketplaces out there that are at least equal in size to SR when taken in aggregate. Quote HistoryQuoted:
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Without Silk Road, wtf is the point?
Well, there are legitimate vendors, too.. There are also a dozen or so darknet marketplaces out there that are at least equal in size to SR when taken in aggregate. The problem is that if you search for "local vendors" right now, you're not going to get a list of respectable offices, but odd usernames of anonymous people in sketchy areas. |
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Posted: 10/29/2013 12:49:41 PM EDT
[#15]
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I'll sell BTC in person. I'm in Charlottesville, VA - but my office in Xamar might be closer for you. Quote HistoryQuoted:
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Bitcoins arent anonymous technically. A professor from my alma mater did a paper on cracking the transactions and tracking them if I remember right. all transactions are on the ledger. you can see where everything comes and goes. You can see the wallets, just not the name thats tied to it. I.E. 1Andy2 telle me has got brass for sale and will take BTC. Im like groove I have a few extra. so i get his address (which looks like a string of number and letters). I put that in to my wallet and send him some BTC. in a short time frame he gets his BTC sent form me to him. in the master ledger it shows my address sending to 1Andy2's address and how many BTC. You can do a search for his address and can see all the in and outs for it. BUT a wallet can have multiple address and you are to use a new address for each transaction to be semi secret. What a great idea... Shit, I'd do it if I knew a little more about it. I know there are people in person in some cities (san antonio, Austin, DFW etc) who will trade BTC for dollars in person. Not sure about the security of doing it that way BUYING the BTC in person, but selling... sure. Physical dollars in my hand is cool. I'll sell BTC in person. I'm in Charlottesville, VA - but my office in Xamar might be closer for you. How many BTC will you give me for a virgin goat? |
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Posted: 10/29/2013 12:53:18 PM EDT
[#16]
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How many BTC will you give me for a virgin goat? Quote HistoryQuoted:
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Bitcoins arent anonymous technically. A professor from my alma mater did a paper on cracking the transactions and tracking them if I remember right. all transactions are on the ledger. you can see where everything comes and goes. You can see the wallets, just not the name thats tied to it. I.E. 1Andy2 telle me has got brass for sale and will take BTC. Im like groove I have a few extra. so i get his address (which looks like a string of number and letters). I put that in to my wallet and send him some BTC. in a short time frame he gets his BTC sent form me to him. in the master ledger it shows my address sending to 1Andy2's address and how many BTC. You can do a search for his address and can see all the in and outs for it. BUT a wallet can have multiple address and you are to use a new address for each transaction to be semi secret. What a great idea... Shit, I'd do it if I knew a little more about it. I know there are people in person in some cities (san antonio, Austin, DFW etc) who will trade BTC for dollars in person. Not sure about the security of doing it that way BUYING the BTC in person, but selling... sure. Physical dollars in my hand is cool. I'll sell BTC in person. I'm in Charlottesville, VA - but my office in Xamar might be closer for you. How many BTC will you give me for a virgin goat? 10 mXBT for a virgin goat. I'll give you 8 mXBT for a used goat, as long as you wash it out first. |
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Posted: 10/29/2013 12:53:39 PM EDT
[#17]
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The problem is that if you search for "local vendors" right now, you're not going to get a list of respectable offices, but odd usernames of anonymous people in sketchy areas. Quote HistoryQuoted:
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Without Silk Road, wtf is the point?
Well, there are legitimate vendors, too.. There are also a dozen or so darknet marketplaces out there that are at least equal in size to SR when taken in aggregate. The problem is that if you search for "local vendors" right now, you're not going to get a list of respectable offices, but odd usernames of anonymous people in sketchy areas. Hey. I resemble that. 
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Posted: 10/29/2013 12:54:16 PM EDT
[#18]
Quote HistoryQuoted: There are already competitors. Litecoin and Namecoin are two of the biggest - Litecoin is just Bitcoin with a different hash algorithm, which is designed to prevent the custom-hardware monopolization of mining we have in Bitcoin. Namecoin is designed to serve as a distributed backbone for domain name creation and maintenance, on top of a Bitcoin-like block chain. I have some holding in Litecoin just in case, but I don't expect it to overtake Bitcoin in the near future. Quote HistoryQuoted: Quoted: ... There are already competitors. Litecoin and Namecoin are two of the biggest - Litecoin is just Bitcoin with a different hash algorithm, which is designed to prevent the custom-hardware monopolization of mining we have in Bitcoin. Namecoin is designed to serve as a distributed backbone for domain name creation and maintenance, on top of a Bitcoin-like block chain. I have some holding in Litecoin just in case, but I don't expect it to overtake Bitcoin in the near future. I knew about them, but they haven't taken off as much. I personally REALLY like the idea behind litecoin, since it's made for GPUs instead of the ASIC hardware. I have absolutely no idea about namecoin right now.. I've only been in this a couple of months. From what you said, it sounds like you would purchase Namecoin with BTC to buy domain name services? Have you heard about the founder of MtGox creating the Ripple network? I haven't really looked into it yet, but they have an exchange running. It's going to be interesting to see what people come up with. |
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Posted: 10/29/2013 1:02:21 PM EDT
[#19]
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I knew about them, but they haven't taken off as much. I personally REALLY like the idea behind litecoin, since it's made for GPUs instead of the ASIC hardware. I have absolutely no idea about namecoin right now.. I've only been in this a couple of months. From what you said, it sounds like you would purchase Namecoin with BTC to buy domain name services? Have you heard about the founder of MtGox creating the Ripple network? I haven't really looked into it yet, but they have an exchange running. It's going to be interesting to see what people come up with. Quote HistoryQuoted:
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... There are already competitors. Litecoin and Namecoin are two of the biggest - Litecoin is just Bitcoin with a different hash algorithm, which is designed to prevent the custom-hardware monopolization of mining we have in Bitcoin. Namecoin is designed to serve as a distributed backbone for domain name creation and maintenance, on top of a Bitcoin-like block chain. I have some holding in Litecoin just in case, but I don't expect it to overtake Bitcoin in the near future. I knew about them, but they haven't taken off as much. I personally REALLY like the idea behind litecoin, since it's made for GPUs instead of the ASIC hardware. I have absolutely no idea about namecoin right now.. I've only been in this a couple of months. From what you said, it sounds like you would purchase Namecoin with BTC to buy domain name services? Have you heard about the founder of MtGox creating the Ripple network? I haven't really looked into it yet, but they have an exchange running. It's going to be interesting to see what people come up with. I don't understand all of the fundamentals of Ripple, but I believe it's debt-based. That's enough to kill my interest. Litecoin has tracked BItcoin fairly well - many miners that were mining XBT with non-custom hardware have moved to mining Litecoin and selling their award for Bitcoin. The fact that the price has survived that is... interesting, to say the least. |
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Posted: 10/29/2013 1:05:29 PM EDT
[#20]
so how does one go about buying then selling said bitcoins? Is it all online. Liek example the bottom drops you buy they for 50each and it goes back to 100 can i then just sell them and get the $$$. Can it be done fast enough before it were to drop back down?
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Posted: 10/29/2013 1:09:49 PM EDT
[#21]
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so how does one go about buying then selling said bitcoins? Is it all online. Liek example the bottom drops you buy they for 50each and it goes back to 100 can i then just sell them and get the $$$. Can it be done fast enough before it were to drop back down? yes.. go to MtGox.. you can day trade till your hearts content. |
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Posted: 10/29/2013 1:11:49 PM EDT
[#22]
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yes.. go to MtGox.. you can day trade till your hearts content. Quote HistoryQuoted:
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so how does one go about buying then selling said bitcoins? Is it all online. Liek example the bottom drops you buy they for 50each and it goes back to 100 can i then just sell them and get the $$$. Can it be done fast enough before it were to drop back down? yes.. go to MtGox.. you can day trade till your hearts content. Don'y go to MtGox. They are having trouble transferring out USD because of issues with the banking world. Bitstamp is your best option for day trading, or maybe BTC-e. If all you want to do is buy some Bitcoin to hold on to, Coinbase is the best in the business. |
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Posted: 10/29/2013 1:28:29 PM EDT
[#23]
Quote HistoryQuoted: Bitstamp is your best option for day trading, or maybe BTC-e. If all you want to do is buy some Bitcoin to hold on to, Coinbase is the best in the business. Can you buy in at BTC-e, transfer to a MtGox wallet, then sell for the arbitrage... then transfer your dollars to BTC-e?  |
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Posted: 10/29/2013 1:29:50 PM EDT
[#24]
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yes.. go to MtGox.. you can day trade till your hearts content. Quote HistoryQuoted:
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so how does one go about buying then selling said bitcoins? Is it all online. Liek example the bottom drops you buy they for 50each and it goes back to 100 can i then just sell them and get the $$$. Can it be done fast enough before it were to drop back down? yes.. go to MtGox.. you can day trade till your hearts content. cool thanks i doubt ill ever do anything but in case the btm drops out 1 day or something lol. |
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Posted: 10/29/2013 1:32:39 PM EDT
[#25]
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Don'y go to MtGox. They are having trouble transferring out USD because of issues with the banking world. Bitstamp is your best option for day trading, or maybe BTC-e. If all you want to do is buy some Bitcoin to hold on to, Coinbase is the best in the business. Quote HistoryQuoted:
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so how does one go about buying then selling said bitcoins? Is it all online. Liek example the bottom drops you buy they for 50each and it goes back to 100 can i then just sell them and get the $$$. Can it be done fast enough before it were to drop back down? yes.. go to MtGox.. you can day trade till your hearts content. Don'y go to MtGox. They are having trouble transferring out USD because of issues with the banking world. Bitstamp is your best option for day trading, or maybe BTC-e. If all you want to do is buy some Bitcoin to hold on to, Coinbase is the best in the business. MtG is still having payment issues? I wish 50BTC would get the pool amounts fixed so I can my coins out of there.. |
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Posted: 10/29/2013 1:46:34 PM EDT
[#26]
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Can you buy in at BTC-e, transfer to a MtGox wallet, then sell for the arbitrage... then transfer your dollars to BTC-e?
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Bitstamp is your best option for day trading, or maybe BTC-e. If all you want to do is buy some Bitcoin to hold on to, Coinbase is the best in the business. Can you buy in at BTC-e, transfer to a MtGox wallet, then sell for the arbitrage... then transfer your dollars to BTC-e?
It's transferring dollars out of Gox that's the issue. Euros, however, don't seem to be a problem. If you had a SEPA-enabled bank account denominated in Euros, you might be able to make some money through arbitrage, yes. |
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Posted: 10/29/2013 1:47:41 PM EDT
[#27]
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cool thanks i doubt ill ever do anything but in case the btm drops out 1 day or something lol. Quote HistoryQuoted:
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so how does one go about buying then selling said bitcoins? Is it all online. Liek example the bottom drops you buy they for 50each and it goes back to 100 can i then just sell them and get the $$$. Can it be done fast enough before it were to drop back down? yes.. go to MtGox.. you can day trade till your hearts content. cool thanks i doubt ill ever do anything but in case the btm drops out 1 day or something lol. If you're only interested, go to Coinbase.com and get an account set up. Verify your bank account, and be ready to buy. The last time there was a flash crash, the backlog for new accounts was days or weeks long. |
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Posted: 10/29/2013 1:48:23 PM EDT
[#28]
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Don'y go to MtGox. They are having trouble transferring out USD because of issues with the banking world. Bitstamp is your best option for day trading, or maybe BTC-e. If all you want to do is buy some Bitcoin to hold on to, Coinbase is the best in the business. Quote HistoryQuoted:
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so how does one go about buying then selling said bitcoins? Is it all online. Liek example the bottom drops you buy they for 50each and it goes back to 100 can i then just sell them and get the $$$. Can it be done fast enough before it were to drop back down? yes.. go to MtGox.. you can day trade till your hearts content. Don'y go to MtGox. They are having trouble transferring out USD because of issues with the banking world. Bitstamp is your best option for day trading, or maybe BTC-e. If all you want to do is buy some Bitcoin to hold on to, Coinbase is the best in the business. i liek that site better has real time market. |
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Posted: 10/29/2013 1:50:28 PM EDT
[#29]
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If you're only interested, go to Coinbase.com and get an account set up. Verify your bank account, and be ready to buy. The last time there was a flash crash, the backlog for new accounts was days or weeks long. Quote HistoryQuoted:
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so how does one go about buying then selling said bitcoins? Is it all online. Liek example the bottom drops you buy they for 50each and it goes back to 100 can i then just sell them and get the $$$. Can it be done fast enough before it were to drop back down? yes.. go to MtGox.. you can day trade till your hearts content. cool thanks i doubt ill ever do anything but in case the btm drops out 1 day or something lol. If you're only interested, go to Coinbase.com and get an account set up. Verify your bank account, and be ready to buy. The last time there was a flash crash, the backlog for new accounts was days or weeks long. does that login work with other sites like bitstamp? or would i have to sign up that particular site? I'de like to have a ready to go acct in case of a flash crash seems like something you can make some easy money at if you catch it. |
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Posted: 10/29/2013 1:50:49 PM EDT
[#30]
Quote HistoryQuoted: Beanie Babies I worked with a guy who was "investing" in those to finance his young daughter's college education. |
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Posted: 10/29/2013 1:52:41 PM EDT
[#31]
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does that login work with other sites like bitstamp? or would i have to sign up that particular site? I'de like to have a ready to go acct in case of a flash crash seems like something you can make some easy money at if you catch it. Quote HistoryQuoted:
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so how does one go about buying then selling said bitcoins? Is it all online. Liek example the bottom drops you buy they for 50each and it goes back to 100 can i then just sell them and get the $$$. Can it be done fast enough before it were to drop back down? yes.. go to MtGox.. you can day trade till your hearts content. cool thanks i doubt ill ever do anything but in case the btm drops out 1 day or something lol. If you're only interested, go to Coinbase.com and get an account set up. Verify your bank account, and be ready to buy. The last time there was a flash crash, the backlog for new accounts was days or weeks long. does that login work with other sites like bitstamp? or would i have to sign up that particular site? I'de like to have a ready to go acct in case of a flash crash seems like something you can make some easy money at if you catch it. It's an independent company that, much like PayPal, has to verify with your bank account via the deposit/debit method. |
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Posted: 10/29/2013 1:54:18 PM EDT
[#32]
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That's actually really cool. I'd fly out to the ATMs that just got installed and cash the fuck out. Yes. an excellent time to " cash out ". |
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Posted: 10/29/2013 2:05:42 PM EDT
[#33]
What happens when world-wide daily power consumption for mining outweighs the value of bitcoin mined in a day?
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Posted: 10/29/2013 2:12:07 PM EDT
[#34]
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Seriously. I will never understand why people go to the press with things like this. No kidding.
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Posted: 10/29/2013 2:20:08 PM EDT
[#35]
Quote HistoryQuoted: What happens when world-wide daily power consumption for mining outweighs the value of bitcoin mined in a day? Then miners will collect a very small fee for performing transfers. They already do that now with very small BTC transfers. |
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Posted: 10/29/2013 2:23:32 PM EDT
[#36]
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What happens when world-wide daily power consumption for mining outweighs the value of bitcoin mined in a day? I think everyone mining bitcoins is capable of doing the math on how much they're making per kWh expended. When it costs more in electricity than you can make mining, people will stop. When the price of BTC gets high enough to show a profit again, people will start mining it again. |
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Posted: 10/29/2013 2:34:15 PM EDT
[#37]
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I worked with a guy who was "investing" in those to finance his young daughter's college education. Quote HistoryQuoted:
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Beanie Babies I worked with a guy who was "investing" in those to finance his young daughter's college education. How many did it take to finance Harvard? |
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Posted: 10/29/2013 3:20:36 PM EDT
[#38]
Quote HistoryQuoted: Hey. I resemble that. Quote HistoryQuoted: Quoted: Quoted: Quoted: Without Silk Road, wtf is the point? Well, there are legitimate vendors, too.. There are also a dozen or so darknet marketplaces out there that are at least equal in size to SR when taken in aggregate. The problem is that if you search for "local vendors" right now, you're not going to get a list of respectable offices, but odd usernames of anonymous people in sketchy areas. Hey. I resemble that. |
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Posted: 10/29/2013 3:39:11 PM EDT
[#39]
i found 1000 223 and 100 50bmg in the basement i didnt know i had...
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Posted: 10/29/2013 3:46:52 PM EDT
[#40]
Quote HistoryQuoted: I started mining over the summer.. When I started they were about $90 bucks each now they are up to about $190 each.. my miners net me about 4 bucks a day.. |
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Posted: 10/29/2013 3:48:05 PM EDT
[#41]
I would immediately turn every cent of that into gold, copper, lead, brass and powder. Meh, maybe a few bucks worth of good food, too.
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Posted: 10/29/2013 3:49:55 PM EDT
[#42]
Quote HistoryQuoted:
Why? Cash out that unstable as fuck currency and put it in something tangable, or at least government backed. Quote HistoryQuoted:
Quoted:
If I were him, that wallet would be my new biggest secret. Why? Cash out that unstable as fuck currency and put it in something tangable, or at least government backed. 
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Posted: 10/29/2013 4:02:11 PM EDT
[#43]
good luck getting 800,000 in real world assets out of that.
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Posted: 10/29/2013 4:23:00 PM EDT
[#44]
Just registered at coinbase....ready to buy.
Is there an app or something where I can watch the current cost of a bit coin? |
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Posted: 10/29/2013 4:23:08 PM EDT
[#45]
So if his initial investment grew that much in only 4 years doesn't that mean 100's or 1,000's of other bicoin holders "investments" grew that much as well?
I'm so confused with this stuff. |
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Posted: 10/29/2013 4:26:04 PM EDT
[#46]
Quote HistoryQuoted:
So if his initial investment grew that much in only 4 years doesn't that mean 100's or 1,000's of other bicoin holders "investments" grew that much as well? I'm so confused with this stuff. Yes, think of it like buying a stock for pennies per share and then having that stock go to $200+ in 4 years |
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Posted: 10/29/2013 5:00:42 PM EDT
[#47]
Quote HistoryQuoted:
I started mining over the summer.. When I started they were about $90 bucks each now they are up to about $190 each.. my miners net me about 4 bucks a day.. So you're running 16Ghs over and above electricity costs -or are you excluding electricity? What have you got, two blades? Or a pair of updated Jalapenos? |
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Posted: 10/29/2013 5:05:00 PM EDT
[#48]
Quote HistoryQuoted:
Bitcoins arent anonymous technically. A professor from my alma mater did a paper on cracking the transactions and tracking them if I remember right. IIRC, it could only be determined to be "statistically probable" though. I could be wrong. |
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Posted: 10/30/2013 6:13:14 AM EDT
[#49]
This makes me want to search old HD's for lost treasure.
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Posted: 10/30/2013 6:16:29 AM EDT
[#50]
Quote HistoryQuoted: My SIL bought so many of those...must have spent a fortune. Quote HistoryQuoted: Quoted: Quoted: Quoted: Why can't I ever find something I lost only to find out it's worth $$$ now. Only thing I'm losing lately is my sanity Beanie Babies Lol I just returned a garbage bag full of those things in display cases to my ex. Beanie babies... lol My SIL bought so many of those...must have spent a fortune. Now there are tubs and boxes of them at half of the yard sales I go to .....usually less than a buck apiece  Havent seen a Cabbage Patch Kid in forever though |
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