Predicto Posted August 22, 2014 Share Posted August 22, 2014 Is the case of Billy Beer still for sale? I've got a lot of beanie babies in a box somewhere around here.... Link to comment Share on other sites More sharing options...
PleaseBlitz Posted August 22, 2014 Share Posted August 22, 2014 Who's paying that bill, and with what? Personally, I'd want cash, but the power company might accept Bitcoinz. The article doesn't state who is the ultimate owner of the mine. It is a safe assumption that he looks like this: Bitcoins are easily convertable into cash, be it dollars or yuan or whatever. I bought some bitcoins in March, 2013, sold them 6 months later and had dollars deposited into my bank account the next day. It was as easy as a paypal transaction. Link to comment Share on other sites More sharing options...
China Posted September 25, 2014 Share Posted September 25, 2014 Feds say Bitcoin miner maker Butterfly Labs ran “systematic deception” The Federal Trade Commission has filed a civil lawsuit against Butterfly Labs (BFL), an embattled Kansas-based Bitcoin miner manufacturer. The FTC alleges that the company engaged in fraudulent and deceptive practices. Federal authorities believe that the three named members of the company’s board of directors—Jody Drake (aka Darla Drake), Nasser Ghoseiri, and Sonny Vleisides—spent millions of dollars of corporate revenue on all kinds of things, including saunas and guns, while ignoring many customer orders that went unfulfilled or were significantly delayed. The case was filed in federal court last week in Missouri and unsealed late Monday, and it comes over a year after Ars first reported on the company and began testing its initial round of specialized computers designed to do nothing but mine for Bitcoin. "The FTC alleges that one corporate defendant and three individual defendants have taken in over $50 million by operating a scheme that required consumers to pre-pay for machines that would allow consumers to ‘mine’ for Bitcoins, a new virtual currency," the complaint states. "Defendants either never delivered these machines or delivered them so late that they became obsolete." Click on the link for the full article Link to comment Share on other sites More sharing options...
DCSaints_fan Posted September 25, 2014 Share Posted September 25, 2014 I love all these "bitcoin banks" that seem to keep popping up - the whole point of bitcoins is that you don't need a third party for a transaction (unless you're counting the entire trust chain, but thats not controlled by any single entity) . Link to comment Share on other sites More sharing options...
China Posted January 14, 2015 Share Posted January 14, 2015 Bitcoin crashing: Even the Ruble Is a Better Investment Than Bitcoin These Days In December, when the ruble crisis was really revving up, a small number of panicked Russians appeared to start moving their money into bitcoin. Even though the cryptocurrency was technically banned in the country, the volume of ruble-denominated trades shot up 250 percent, CNBC reported. Bad call. While the ruble has had a wild ride lately, it's down just 3 percent against the dollar over the past month. Bitcoin, meanwhile, is in the midst of an epic collapse, having lost 44 percent of its value since Dec. 14, according to Coindesk. Russia might be in the midst of the crisis, but its currency has still been a safer bet than everyone's favorite online currency/speculative investment opportunity/digital fetish object for techno-liberterians. Click on the link for the full article Link to comment Share on other sites More sharing options...
Predicto Posted January 15, 2015 Share Posted January 15, 2015 Link to comment Share on other sites More sharing options...
NattyLight Posted May 13, 2015 Author Share Posted May 13, 2015 Hi guys, just wanted stop in and say I'm still mining away. This little bit of news hit the wire today, not sure who this nasdaq guy is though. http://money.cnn.com/2015/05/11/technology/nasdaq-bitcoin-technology/ Link to comment Share on other sites More sharing options...
PleaseBlitz Posted May 13, 2015 Share Posted May 13, 2015 I can't believe I haven't posted this yet. Link to comment Share on other sites More sharing options...
NattyLight Posted May 13, 2015 Author Share Posted May 13, 2015 Bitcoin crashing: Even the Ruble Is a Better Investment Than Bitcoin These Days In December, when the ruble crisis was really revving up, a small number of panicked Russians appeared to start moving their money into bitcoin. Even though the cryptocurrency was technically banned in the country, the volume of ruble-denominated trades shot up 250 percent, CNBC reported. Bad call. While the ruble has had a wild ride lately, it's down just 3 percent against the dollar over the past month. Bitcoin, meanwhile, is in the midst of an epic collapse, having lost 44 percent of its value since Dec. 14, according to Coindesk. Russia might be in the midst of the crisis, but its currency has still been a safer bet than everyone's favorite online currency/speculative investment opportunity/digital fetish object for techno-liberterians. Click on the link for the full article Shakin' out the weak hands for the real players to come to the table. This market is easily manipulated by people that work in the billions, for the people with billions to buy cheap. Link to comment Share on other sites More sharing options...
Major Harris Posted May 13, 2015 Share Posted May 13, 2015 Whoa, a PB sighting Link to comment Share on other sites More sharing options...
PleaseBlitz Posted May 13, 2015 Share Posted May 13, 2015 Whoa, a PB sighting Link to comment Share on other sites More sharing options...
Major Harris Posted May 13, 2015 Share Posted May 13, 2015 What up diggity dog? Link to comment Share on other sites More sharing options...
PleaseBlitz Posted May 13, 2015 Share Posted May 13, 2015 Quite a bit actually. It would be an epic thread derail. Link to comment Share on other sites More sharing options...
Major Harris Posted May 13, 2015 Share Posted May 13, 2015 Random thought thread ftw! Link to comment Share on other sites More sharing options...
NattyLight Posted May 13, 2015 Author Share Posted May 13, 2015 That's a classic PleaseBlitz. I'm trying to tell ya'll: Bitcoin $10,000 Litecoin $100 Dogecoin $0.10 Not like this '$' will matter in the forthcoming decades. Link to comment Share on other sites More sharing options...
NattyLight Posted May 20, 2015 Author Share Posted May 20, 2015 Link to comment Share on other sites More sharing options...
PleaseBlitz Posted June 28, 2015 Share Posted June 28, 2015 New York released their highly anticipated BitLicense requirements on Wednesday. Background: http://www.businessinsider.com/nydfs-bitlicense-draft-2014-7 Actual law: http://www.dfs.ny.gov/about/press2014/pr1407171-vc.pdf Link to comment Share on other sites More sharing options...
PleaseBlitz Posted January 19, 2016 Share Posted January 19, 2016 https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/ R.I.P. Bitcoin. It’s time to move on. Not long ago, venture capitalists were talking about how Bitcoin was going to transform the global currency system and render governments powerless to police monetary transactions. Now the cryptocurrency is fighting for survival. The reality came to light on Jan. 14, when its influential developer, Mike Hearn, declared Bitcoin a failure and disclosed that he had sold all of his Bitcoins. The price of Bitcoin fell 10 percent in a single day on the news, a sad result for those who are losing money on it. Bitcoin did have great potential, but it is damaged beyond repair. A replacement is badly needed. Link to comment Share on other sites More sharing options...
dfitzo53 Posted January 20, 2016 Share Posted January 20, 2016 That's exactly what he wants you to think. He is going to wait for the price to tank, then buy all if it back and control the planet. Link to comment Share on other sites More sharing options...
PleaseBlitz Posted January 20, 2016 Share Posted January 20, 2016 That's exactly what he wants you to think. He is going to wait for the price to tank, then buy all if it back and control the planet. I think this is what Putin is doing too. Link to comment Share on other sites More sharing options...
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