Author Topic: Does anyone here use Bitcoins? (Read 854,854 times)

Renegade · « **Reply #125 on:** April 01, 2013, 02:18 PM »

http://cynic.me/2013/04/02/bitcoin-hit-100-usd/

It just hit $100 USD.

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Renegade · « **Reply #126 on:** April 01, 2013, 02:19 PM »

And it's just broken $100! Hit $101!

Renegade · « **Reply #127 on:** April 01, 2013, 02:35 PM »

Quote from: 40hz on April 01, 2013, 12:21 PM

For anybody still following this thread, there's an article over at Business Insider that has a copy of an interesting presentation on what Bitcoin is (Surprise!!! - it's a protocol.) and how it works.

It probably won't answer every question you may have. And it glosses just a little too quickly over some important economic concepts IMO. (Note: the presentation was put together by a programmer so I guess that's to be expected) But it's still very informative. And also quite funny in several places

Well worth the look. Check it out here.

That was a good presentation!

Obvious what side of the fence he's on there.

40hz · « **Reply #128 on:** April 01, 2013, 02:41 PM »

Quote from: Renegade on April 01, 2013, 02:19 PM

And it's just broken $100! Hit $101!

OCD is in full swing today folks!

wraith808 · « **Reply #129 on:** April 01, 2013, 02:50 PM »

Quote from: Renegade on April 01, 2013, 02:18 PM

http://cynic.me/2013/04/02/bitcoin-hit-100-usd/

It just hit $100 USD.

Thanks for the site address in the address bar in the picture... that's a cool site!

40hz · « **Reply #130 on:** April 01, 2013, 03:28 PM »

@Ren - semi-urelated FYI: I just added your feed to my RSS collection. Not too often I add another entry to that carefully vetted list.

Renegade · « **Reply #131 on:** April 01, 2013, 03:57 PM »

Quote from: 40hz on April 01, 2013, 02:41 PM

OCD is in full swing today folks!

Yup!

I watch the charts constantly. And not just the BTC charts.

Quote from: wraith808 on April 01, 2013, 02:50 PM

Thanks for the site address in the address bar in the picture... that's a cool site!

Very much so! I really like that site. I have it open 25 hours a day.

Quote from: 40hz on April 01, 2013, 03:28 PM

@Ren - semi-urelated FYI: I just added your feed to my RSS collection. Not too often I add another entry to that carefully vetted list.

Ah! Thank you!

I don't blog a lot, but most are decent. I have a few drunken ones that never got published, and even more sober ones that I never had time to finish properly.

Renegade · « **Reply #132 on:** April 02, 2013, 11:06 AM »

Good grief! BTC has since broken $107 USC/BTC. (107.12101)

There are HUGE volumes going on with people buying up 1000 BTC at a time. It just won't stop shooting up!

40hz · « **Reply #133 on:** April 02, 2013, 12:11 PM »

Don't let them fool you. Bitcoin is SkyNET.

Renegade · « **Reply #134 on:** April 02, 2013, 01:38 PM »

Quote from: 40hz on April 02, 2013, 12:11 PM

Don't let them fool you. Bitcoin is SkyNET.

No...

SkyNET is when MS ports Skype to .NET.

$107.69/BTC now.

But I can see how you'd confuse that... BTC is going sky high on the net!

40hz · « **Reply #135 on:** April 02, 2013, 01:43 PM »

Ok...

This then.

[attach]

Renegade · « **Reply #136 on:** April 02, 2013, 01:48 PM »

Quote from: 40hz on April 02, 2013, 01:43 PM

Ok...

$107.90

Hey, I'm having a great ride here!

I wish a few people here could/would join me!

40hz · « **Reply #137 on:** April 02, 2013, 01:58 PM »

^Don't worry. There's every good chance they'll see you on your way back down.

(P.S. I also very sincerely hope I'm wrong about that and you make a bloody fortune off it. Luck!

)

Renegade · « **Reply #138 on:** April 02, 2013, 02:12 PM »

Quote from: 40hz on April 02, 2013, 01:58 PM

^Don't worry. There's every good chance they'll see you on your way back down.

Well, it'll be a long enough fall that I can still cash out and stay ahead.

Quote from: 40hz on April 02, 2013, 01:58 PM

(P.S. I also very sincerely hope I'm wrong about that and you make a bloody fortune off it. Luck! )

Me too!

Oh, and if anyone has any BTC that they want to sell, I'll trade DC credits for them~!

Just PM me and I'll give you a BTC address and immediately send you DC credits. I'll round up to the nearest $0.50 at the current market price when I send. In other words, the longer it takes me to check PMs, the more you make~!

hahahaha

Renegade · « **Reply #139 on:** April 06, 2013, 10:54 AM »

Adam Kokesh rails on a CNBC hit piece on bitcoin:

https://www.youtube.com/watch?v=vpDoB1lgNm4

He can be very entertaining. I don't remember him swearing in there. He can have a real potty-mouth sometimes, which makes him AOK in my books~!

40hz · « **Reply #140 on:** April 06, 2013, 04:59 PM »

FYI: this.

From the What Took Them So Long Dept...

India comes trough! The previously suggested zombie bitcoin miner is real. From the folks at Geek.com:

Quote

A new piece of malware is floating around, but that seems like par for the course these days. What makes this malicious bit of code notable is the goal its creators have in mind. The malware is being spread via Skype messages and is designed to turn your PC into a remote Bitcoin mining rig without your knowledge or consent.

Details at Kapersky here.

f0dder · « **Reply #141 on:** April 06, 2013, 05:01 PM »

Quote from: 40hz on April 06, 2013, 04:59 PM

What Took Them So Long Dept...
India comes trough! The previously suggested zombie bitcoin miner is real. From the folks at Geek.com:

Quote
A new piece of malware is floating around, but that seems like par for the course these days. What makes this malicious bit of code notable is the goal its creators have in mind

Note that "notable" doesn't mean "not seen before" - botcoining is hardly new.

40hz · « **Reply #142 on:** April 06, 2013, 06:43 PM »

^I think the "notable" (as in worth noticing) reference is that the malware's primary goal is to steal CPU cycles for the author's gain, rather than to steal user data from the host machine as is usually the case.

Bitcoin "mining' is something bitcoin itself encourages - so in that respect it's officially sanctioned. It's only when somebody presses somebody else into service to go mining without their knowledge that it steps over the line - hence the term "zombie" miner. (Zombies as in old-school voodoo plantation slave worker type zombies as opposed to our more modern flesh-eating apocalypse variety.)

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app103 · « **Reply #143 on:** April 06, 2013, 07:00 PM »

Quote from: f0dder on April 06, 2013, 05:01 PM

Note that "notable" doesn't mean "not seen before" - botcoining is hardly new.

There is an interview with a malware writer, from at least a year ago (somewhere on reddit), where he confessed that he made most of his income from botcoining. It was that interview that made me realize that doing it with my own hardware and electricity would probably be futile, not really any different than paying cash for them, and sent me on a search to find out if there was a more ethical way to get others to mine for me.

BTW, if anybody gets the bright idea I had and considers using Bitcoin Plus, forget it. You won't make anything. If you put their script on your site it will be flagged by google as a harmful site. If you link to your miner page it won't, but any BTC that gets mined for you, you'll never get. You can't cash out and the site owner doesn't answer emails. Seems like a big scam to get lots more people to mine BTC for the site owner, by making them think he will actually let them have what's theirs.

f0dder · « **Reply #144 on:** April 06, 2013, 08:04 PM »

Quote from: 40hz on April 06, 2013, 06:43 PM

^I think the "notable" (as in worth noticing) reference is that the malware's primary goal is to steal CPU cycles for the author's gain, rather than to steal user data from the host machine as is usually the case.

Yup - but as app also noted, it's not new by any stretch

(Nor is the use of botnets for CPU-intensive work itself - they've been used in the past for stuff like factoring RSA keys).

40hz · « **Reply #145 on:** April 06, 2013, 08:49 PM »

^Sorry! Misunderstood what you were saying.

Agree - bots that work like that are nothing new. What I meant was it was bound to happen to Bitcoin now that a speculative bubble is in full swing. Where I'm surprised is that it took this long for it to show up.

app103 · « **Reply #146 on:** April 07, 2013, 12:44 AM »

Quote from: 40hz on April 06, 2013, 08:49 PM

^Sorry! Misunderstood what you were saying.

Agree - bots that work like that are nothing new. What I meant was it was bound to happen to Bitcoin now that a speculative bubble is in full swing. Where I'm surprised is that it took this long for it to show up.

But it didn't. As I said, it was discussed on Reddit about a year ago.

Renegade · « **Reply #147 on:** April 07, 2013, 10:59 AM »

Anyone remember, "Where's the beef?"

http://www.honestbeef.com.au/

Buy your beef in bitcoin!

Renegade · « **Reply #148 on:** April 07, 2013, 12:29 PM »

Some charts from today, in order:

Still smiling~!

(Oh, and that small sell order that I placed at a stupidly high price a few days ago... Managed to cancel it just in time!

)

CLIMB! BABY CLIMB~!

mouser · « **Reply #149 on:** April 07, 2013, 02:24 PM »

I would really like this forum to avoid anything related to discussing investing or making money on markets -- it's just not the place for it.

It's one thing for us to discuss the concept of something like bitcoins -- but when we start showing charts and talking about making money and when to buy and sell, etc.. that has no place here.