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taterhog 12-09-2013 09:15 AM

Quote:

Originally Posted by beach tribe (Post 10262773)
Really want to get some bit coins and find Silk road.
I can sell some of that "product" at a HUGE profit.
And the customers are dedicated repeat customers.

lol

Yeah, because silk road didn't make national news for getting popped already. Dig deeper. lol

ChiefRocka 02-24-2014 10:43 AM

- Mt. Gox exchange fails... Bitcoin down to mid $500s
- Winklevoss twins the new face of bitcoin
- First Bitcoin ATMs in America
- Overstock.com & TigerDirect.com accept Bitcoin as payment
- US working on Bitcoin regulation

Train is leaving the station.

digger 02-28-2014 07:22 AM

And poof..............

http://gizmodo.com/mt-gox-is-filing-...ium=socialflow

ChiefRocka 02-28-2014 07:33 AM

Quote:

Originally Posted by digger (Post 10458390)

Just one entitiy that didn't have its shit together. Price is holding and China is hoarding these things.

htismaqe 02-28-2014 08:00 AM

Quote:

Originally Posted by ChiefRocka (Post 10450258)
- US working on Bitcoin regulation

That pretty much guarantees they'll be worthless soon.

KC native 02-28-2014 08:03 AM

Saw a hilarious tweet yesterday on bitcoins and libertarians.

<blockquote class="twitter-tweet" lang="en"><p>the best part about bitcoins is that you get to watch libertarians slowly discover why financial regulations exist to begin with</p>&mdash; Pocius Pocius (@The_Pocius) <a href="https://twitter.com/The_Pocius/statuses/435568115791826945">February 18, 2014</a></blockquote>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>

KC native 02-28-2014 08:05 AM

Quote:

Originally Posted by ChiefRocka (Post 10458401)
Just one entitiy that didn't have its shit together. Price is holding and China is hoarding these things.

Yea, except the same thing happened to Silk Road 2.

Bitcoin is a bubble. It is a good idea but has huge flaws that will prevent it from ever becoming more than a niche product for savvy internet users.

The hoarding is also one of the problems. If bitcoins were becoming more widely used then we would see transactions in bitcoins pick up. That's not happening. People are hoarding them with the expectation that they will go up. Since the market is thinly traded, they've been going up.

ChiefRocka 02-28-2014 08:31 AM

Quote:

Originally Posted by KC native (Post 10458430)
Yea, except the same thing happened to Silk Road 2.

Bitcoin is a bubble. It is a good idea but has huge flaws that will prevent it from ever becoming more than a niche product for savvy internet users.

The hoarding is also one of the problems. If bitcoins were becoming more widely used then we would see transactions in bitcoins pick up. That's not happening. People are hoarding them with the expectation that they will go up. Since the market is thinly traded, they've been going up.

Respect your opinion but I believe the jury is still out. It may not be bitcoin but crypto-currency is coming. No harm in speculating a little. What are the flaws you mention? Agree totally about the hoarding issue, most argue quantum computing will kill current encryption entirely, not just bitcoin.

For the record I'm not gung ho bitcoin, just think its interesting with little monies invested.

ChiefRocka 02-28-2014 08:39 AM

Quote:

Originally Posted by KC native (Post 10458430)
Yea, except the same thing happened to Silk Road 2.

.

Silk Road 2 and Mt. Gox were corrupt and needed to be weeded out.

ChiefRocka 02-28-2014 08:43 AM

Quote:

Originally Posted by htismaqe (Post 10458423)
That pretty much guarantees they'll be worthless soon.

It took 250 years for the dollar to get this point.

digger 03-05-2014 08:37 PM

Bitcoin firm CEO found dead in suspected suicide

Buzz 03-05-2014 08:45 PM

high cheek bones, loved the weiner.

ChiefRocka 03-19-2014 10:36 AM

- 400 Bitcoin ATMs set to rollout in Dubai
- Pantera's Bitcoin Investment Fund backed by three reputable VC's
- Xapo Cold Storage Vault receives 20 million investment
- Warren Buffet struggles to comprehend crypto-currency along with the other 98%
- US Treasury to appoint virtual currency chair

ChiefRocka 06-21-2014 05:42 PM

6/21/14 Bitcoin Update

- Expedia accepts Bitcoin for hotel reservations
- Dish Network accepts Bitcoin payments for monthly service
- Reeds Jewelers accepts Bitcoin at brick and mortar stores
- Bitcoin St. Petersburg Bowl - http://www.stpetersburgbowl.com
- US Marshals Service auctioning off 30,000 Bitcoins seized during Silk Road raid
- Ebay CEO admits Paypal is actively integrating Bitcoin as a payment
- Apple allows active Bitcoin wallet apps in their online Apple Store
- Swiss rule to allow Bitcoin ATM network
- Bolivia bans Bitcoin as well as all virtual currencies
- 120 million in VC money pumped into Bitcoin ecosystem so far in 2014
- Israel/Austria stand up first Bitcoin ATMs in country

BWillie 06-21-2014 06:51 PM

Haven't checked for a while, is bitcoin increasing in value the last few months? I have a few bitcoins, use them to play poker with on an online site. Seals with clubs, come join the fun


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