BitCoins!

Anything About Anything...
User avatar
2020
Outside Corner Grinder
Posts: 1310
Joined: Thu Dec 29, 2005 9:21 pm
Location: the future

Re: BitCoins!

Post by 2020 » Thu Aug 14, 2014 1:52 am

Why sad, WAP?
hold the line

User avatar
wap
Round Winner
Posts: 286
Joined: Fri Aug 14, 2009 12:02 am

Re: BitCoins!

Post by wap » Thu Aug 14, 2014 1:57 am

2020 wrote:Why sad, WAP?
Lol did I summon you to these forums by reviving this thread?

It's sad that no one seems to have profited of this while the information was right in front of our eyes. Always easy to say in retrospect though.

But I mainly bumped this because it's funny to see this was talked about in 2011 while the big fuss about bitcoins was not long ago.

User avatar
2020
Outside Corner Grinder
Posts: 1310
Joined: Thu Dec 29, 2005 9:21 pm
Location: the future

Re: BitCoins!

Post by 2020 » Thu Aug 14, 2014 2:43 am

Yes, I was bumped by your comment :)

I have been working with some coders in south america who are producing Bitcoin exchanges and other stuff. You're right, people aren't so good at spotting opportunities when they arise, only retrospectively.

Funnily enough, my work has in fact fulfilled my hunch from 2011, and I'm on the verge of finishing an app with a back end financial engine that operates a relative value algorithm. We'll see if it turns out to be useful...
hold the line

Luke-Jr
Dr Z Level
Posts: 2246
Joined: Sun Mar 20, 2005 4:03 pm
Location: IM: [email protected]

Re: BitCoins!

Post by Luke-Jr » Thu Aug 14, 2014 2:55 am

Can't say I kept this to myself ... :P

User avatar
takburger
Match Winner
Posts: 600
Joined: Tue Jun 04, 2013 9:34 pm

Re: BitCoins!

Post by takburger » Thu Aug 14, 2014 9:07 am

I just re-read the subject, and I have to admit you warned everyone about this money but you was wrong about the inflation and Hoax was right.

And BitCoins proved to be good thing for their users only thanks to the inflation. :)
Image

User avatar
delinquent
Match Winner
Posts: 658
Joined: Sat Jul 07, 2012 3:07 am

Re: BitCoins!

Post by delinquent » Thu Aug 14, 2014 11:07 pm

Yeah but when you have a few thousand sitting, gaining value and no way to sell a large amount of them it kinda sucks. **** MtGox real hard.

In all honesty I haven't been as active around BTC as I could have been, I had a neat little business idea. Then, of course, bigger things happened. I still want to try out some datacentre mining though, I have pretty much unfettered access to a few racks that aren't in use. A neat cumulative total of ~700Ghz...

User avatar
Monkey.D.Luffy
Average Program
Posts: 95
Joined: Sun Dec 14, 2008 2:51 pm
Location: Grenoble

Re: BitCoins!

Post by Monkey.D.Luffy » Sat Nov 04, 2017 7:41 pm

bump
any of you geeks got rich with btc?

Word
Reverse Adjust Outside Corner Grinder
Posts: 4159
Joined: Wed Jan 07, 2009 6:13 pm

Re: BitCoins!

Post by Word » Sat Nov 04, 2017 9:55 pm

OMG Hey Luffy, how are you?

To halfway answer your question, I once stalked Luke-Jr on google and found he caused some controversy over there a few years back that looks familiar to his discussions here...but he's semi-famous now :-)

I don't like Bitcoin. I don't like radical, uncontrollable anonymity that enables people to buy illegal weapons and child porn. Plus, it's not a "fairer" currency, because the people who can enrich themselves the most already have the most capabilities to do so. It doesn't level the playing field, it just makes the playing field more invisible and misleading to some degree.

User avatar
Monkey.D.Luffy
Average Program
Posts: 95
Joined: Sun Dec 14, 2008 2:51 pm
Location: Grenoble

Re: BitCoins!

Post by Monkey.D.Luffy » Sun Nov 05, 2017 9:06 am

Holy! :o Luke is very deep into Bitcoin! just checked his twitter..to think I've come across with a bitcoin core developer :o Internet is full of surprises! Word, I get your point but for most people Bitcoin is just a way to make easy money and have a wealthy life :lol: (I'm getting there :!: ) It's insane to think that if tronners followed his call in 2011, they would all be multi-millionaire right now! I have so many questions to ask him but I guess he doesn't check this site anymore :? I currently hold 23 bitcoin, road to 100 bitcoin buy low sell high here I come whales 8)

Word
Reverse Adjust Outside Corner Grinder
Posts: 4159
Joined: Wed Jan 07, 2009 6:13 pm

Re: BitCoins!

Post by Word » Sun Nov 05, 2017 7:05 pm

It's insane to think that if tronners followed his call in 2011, they would all be multi-millionaire right now!
Well, I wouldn't have had the money and the technological skillset, but I also had no interest in getting an even worse ping on arma the whole time :-P maybe you still find luke on irc? or just twitter? he used to be there 24/7.

User avatar
delinquent
Match Winner
Posts: 658
Joined: Sat Jul 07, 2012 3:07 am

Re: BitCoins!

Post by delinquent » Tue Nov 07, 2017 6:36 pm

Take the term "drama" over on BitcoinTalk with a pinch of salt. There's always a rumour or ten flying around, and although they sometimes lead to positive results (take Dread Pirate Rogers for example), more often than not they end up resulting in little more than a witch-hunt.

With regards to Word's comment on the facilitation of BTC to buy illegal items, I have to stress that this isn't always a bad thing. Take Iran, for example - the sanctions imposed by the US and followed through with the EU caused some serious problems for the general population, to the extent that some Iranian hospitals have been using bitcoin to buy the necessary medicinal substances they require on a continual basis. This extends to drugs such as Insulin. In fact, BTC has had a major positive effect in places such as these, despite the obvious abuses carried out by a proportion of it's traders. One might say BTC has oft become a tool to prevent Human Rights atrocities.

However, it's decentralised nature also makes it vulnerable to abuse. As with any currency, it relies on trust where transactions are performed, and although reactive actions can be taken where a trade is abused (whether by non-delivery or trust failure), the ability for BTC to be transacted very quietly and even rinsed means that the same repeat offenders can often carry on for many years without being caught or stopped.

All that said, I cry a little every night because I lost a small number of coins that would have allowed me, even at the first big leap in value, to live sustainably whilst building the company that is only now coming to fruition.

User avatar
ppotter
Match Winner
Posts: 450
Joined: Sun Sep 28, 2008 12:45 am

Re: BitCoins!

Post by ppotter » Thu Dec 21, 2017 11:39 pm

Monkey.D.Luffy wrote:Holy! :o Luke is very deep into Bitcoin! just checked his twitter..to think I've come across with a bitcoin core developer :o Internet is full of surprises! Word, I get your point but for most people Bitcoin is just a way to make easy money and have a wealthy life :lol: (I'm getting there :!: ) It's insane to think that if tronners followed his call in 2011, they would all be multi-millionaire right now! I have so many questions to ask him but I guess he doesn't check this site anymore :? I currently hold 23 bitcoin, road to 100 bitcoin buy low sell high here I come whales 8)
I'll swap you a bitcoin for my ladle trophies, then you'll surely have the most ladle wins

Hoax
Shutout Match Winner
Posts: 892
Joined: Sun Jun 18, 2006 5:24 pm
Location: UK

Re: BitCoins!

Post by Hoax » Mon Jul 02, 2018 10:24 pm

LOL!

Shame we all didn't get rich and that bitcoin doesn't really seem to be useful

User avatar
compguygene
Adjust Outside Corner Grinder
Posts: 2332
Joined: Thu Aug 21, 2008 12:09 pm
Location: Cleveland, Ohio
Contact:

Re: BitCoins!

Post by compguygene » Tue Jul 03, 2018 12:49 am

Well, I put $20 into an ICO, Electroneum (ETN). After 3 months I cashed out and was able to pay for my divorce.
Armagetron: It's a video game that people should just play and enjoy :)
https://bit.ly/2KBGYjvCheck out the simple site about TheServerPharm

Post Reply