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OfflineLightShedder
Trading currencies
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Registered: 08/30/05
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Re: Senators seek crackdown on "Bitcoin" currency [Re: Konyap]
    #14581292 - 06/08/11 06:50 PM (12 years, 8 months ago)

Quote:

aiyobro said:
the goverment has no authority over money

actually they arent even supposed to print money

its unconstitutional:yes:





I think you mean that the government (congress) IS supposed to issue money, and that a private bank (I.e. Federal reserve) is NOT. Don't get the 2 confused as the same.


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InvisibleDoc_T
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Re: Senators seek crackdown on "Bitcoin" currency [Re: eqt146]
    #14581334 - 06/08/11 07:00 PM (12 years, 8 months ago)

So it's "stupid" then, is it?


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OfflineKillerSpores
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Re: Senators seek crackdown on "Bitcoin" currency [Re: Doc_T]
    #14582074 - 06/08/11 09:29 PM (12 years, 8 months ago)

YESSSSSSSS! I have like 263 bitcoins I bought for 4 bucks a bitcoin. Keep rising and I will be loaded.


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01000110 01110101 01100011 01101011 00100000 01111001 01101111 01110101 00001101 00001010 Look it up.


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Offlineshopdropper
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Re: Senators seek crackdown on "Bitcoin" currency [Re: KillerSpores]
    #14582224 - 06/08/11 09:50 PM (12 years, 8 months ago)

Haha yeah I was just thinking about lucky bastardsbought them at 8something a coin now its 29 lol goodinvestment.

So anyone can put their shit up for sale on there???? This sounds pretty cool. Esp for moving largeammounts domestically deff great for the person selling! Don't have to worry about buy/busts lol


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DON'T TRY THIS AT HOME: no guarantees can be made about the accuracy of the information herein. The information dicussed in these posts is purely hypothetical, and for intelectual purposes only. Any similarity between internet chat and real life is pure coincidence.

:google:


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OfflineKillerSpores
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Re: Senators seek crackdown on "Bitcoin" currency [Re: shopdropper]
    #14582235 - 06/08/11 09:52 PM (12 years, 8 months ago)

Quote:

shopdropper said:
Haha yeah I was just thinking about lucky bastardsbought them at 8something a coin now its 29 lol goodinvestment.

So anyone can put their shit up for sale on there???? This sounds pretty cool. Esp for moving largeammounts domestically deff great for the person selling! Don't have to worry about buy/busts lol



Well anyone with a good rating. There are still alot of scammers out there. But yeah it is much safer and way better quality then what you would find on the street.


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01000110 01110101 01100011 01101011 00100000 01111001 01101111 01110101 00001101 00001010 Look it up.


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InvisibleMisterMuscaria
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Re: Senators seek crackdown on "Bitcoin" currency [Re: KillerSpores]
    #14582931 - 06/09/11 12:25 AM (12 years, 8 months ago)

Quote:

KillerSpores said:
YESSSSSSSS! I have like 263 bitcoins I bought for 4 bucks a bitcoin. Keep rising and I will be loaded.



The smart thing to do would be to sell it all now. You're already loaded.


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OfflineKillerSpores
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Re: Senators seek crackdown on "Bitcoin" currency [Re: MisterMuscaria]
    #14582936 - 06/09/11 12:26 AM (12 years, 8 months ago)

Quote:

MisterMuscaria said:
Quote:

KillerSpores said:
YESSSSSSSS! I have like 263 bitcoins I bought for 4 bucks a bitcoin. Keep rising and I will be loaded.



The smart thing to do would be to sell it all now. You're already loaded.



Yeah I just talked to a guy who said he would take 200 off my hands.


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01000110 01110101 01100011 01101011 00100000 01111001 01101111 01110101 00001101 00001010 Look it up.


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InvisiblePassiveAgressive
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Re: Senators seek crackdown on "Bitcoin" currency [Re: KillerSpores]
    #14584398 - 06/09/11 09:22 AM (12 years, 8 months ago)

Hmmmm, TOR/Silk Road/Bitcoin obviously wasn't redundant and sophisticated enough. It didn't even take 1 known bust to shut down Silk Road and seriously cause swings in the bitcoin value. This all heavily depended upon the secrecy of the masses (which any good black market seller/buyer knows is impossible to begin with.)

While I don't have any fresh ideas to offer (nor would I offer them here (unless you're a developer)) I would bet with almost certainty that as a result of this fiasco, the gov't will be forced to spend metric TONS of dollars in the prevention, detection and overall control of these types of networks. This can be seen as a sort of chess maneuver where the black side just forced the white side to sacrifice a few pawns. The gov't is weak right now and it may be likely they will do something really dumb to protect their fiefdom.

If this story comes to anything besides a bunch of people whining, then I urge someone to mention this to lulzsec on twitter.


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Thousands of candles can be lit from a single candle, and the life of the candle will not be shortened.
Happiness never decreases by being shared. - Prince Gautama Siddharta, the founder of Buddhism, 563-483 B.C.


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Offlinepiracetam
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Re: Senators seek crackdown on "Bitcoin" currency [Re: PassiveAgressive]
    #14584593 - 06/09/11 10:04 AM (12 years, 8 months ago)

gov'ts can't even stop p2p file sharing. what makes people think they can stop bitcoins?
if bitcoin is like friendster of p2p currency, there's bound to be a facebook soon.


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"Experiments are the only means of attaining knowledge at our disposal. The rest is just poetry, imagination." ~Max Planck


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OfflineKillerSpores
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Re: Senators seek crackdown on "Bitcoin" currency [Re: piracetam]
    #14584602 - 06/09/11 10:06 AM (12 years, 8 months ago)

Quote:

piracetam said:
are you fucking kidding?
gov't can't even stop p2p file sharing. what makes you think they can stop bitcoins?



Thats the amazing part about it. All of my vendors are switching to bitcoins because it is so much safer than WU or CIM.


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01000110 01110101 01100011 01101011 00100000 01111001 01101111 01110101 00001101 00001010 Look it up.


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Offlinepiracetam
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Re: Senators seek crackdown on "Bitcoin" currency [Re: KillerSpores]
    #14584616 - 06/09/11 10:09 AM (12 years, 8 months ago)

I don't even care that they're somewhat traceable. they're untaxable, and banks can't collect interest on them.
this is probably why Germany is trying to ban them...they pose a threat to Deutsche Bank.

fuck 'em. this is the thick of the information age. adapt, or go back to being a hunter/gatherer.


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"Experiments are the only means of attaining knowledge at our disposal. The rest is just poetry, imagination." ~Max Planck


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Offline2jew4u
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Re: Senators seek crackdown on "Bitcoin" currency [Re: piracetam]
    #14584829 - 06/09/11 10:54 AM (12 years, 8 months ago)

They are no different than gold, silver or whatever, remember its "really not a real currency" B/c some one still has to cash it out in your native currency- And people are selling it for "real fiat" currency- And if there is only 21million coins total to be made- and so far less than 100,000 bitcoins  have been made you do the math- If i controlled over 50 pct of the coins you could set price, Or sell stuff and just hoard the coins.  some guy turned lets say 100,000 bit coins into 2.8 million with the current exchange rate- Yo Ponzi got a new scheme- Its kinda like WoW gold people used to sell that shit for real currency:shrug:v
Or how people trade prints for stuff.Any thing has value-

Hell, you could make a shroomery currency, if you wanted- especially since there are so many people and Vendors. Could work wonders for the market place-:macdre:


Edited by 2jew4u (06/09/11 11:00 AM)


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InvisiblePassiveAgressive
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Re: Senators seek crackdown on "Bitcoin" currency [Re: piracetam]
    #14584849 - 06/09/11 10:57 AM (12 years, 8 months ago)

Quote:

piracetam said:
I don't even care that they're somewhat traceable. they're untaxable, and banks can't collect interest on them.
this is probably why Germany is trying to ban them...they pose a threat to Deutsche Bank.

fuck 'em. this is the thick of the information age. adapt, or go back to being a hunter/gatherer.





QUOTED FOR TRUTH. Some people and many a government are at war with evolution because to evolution they are subject. Plenty of people loath and fear what cannot be organized and controled. So Bitcoin is loath as well, especially Bitcoin.

Can the contemporary government extend to control both reality and virtual reality, or will contemporary government extend for a net gain of FAIL? The way they have ignored the populace of late will seemingly lead those who would otherwise be recruited for cyber-jobs under gov't into the hands of the very opposition they would brace against.

:rabble: :failboat: :facepalm:


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(”)__(”)
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Thousands of candles can be lit from a single candle, and the life of the candle will not be shortened.
Happiness never decreases by being shared. - Prince Gautama Siddharta, the founder of Buddhism, 563-483 B.C.


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Offlinepiracetam
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Re: Senators seek crackdown on "Bitcoin" currency [Re: PassiveAgressive]
    #14584880 - 06/09/11 11:05 AM (12 years, 8 months ago)

and to think, they created the blueprint and groundwork for teh internets in the form of ARPAnet..
it grew beyond their control....it no longer belongs to them.


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"Experiments are the only means of attaining knowledge at our disposal. The rest is just poetry, imagination." ~Max Planck


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InvisiblePassiveAgressive
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Re: Senators seek crackdown on "Bitcoin" currency [Re: piracetam]
    #14587854 - 06/09/11 09:33 PM (12 years, 8 months ago)

No, it most certainly does not "belong" to anyone now.


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(\___/)
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(”)__(”)
:amanitajar:


Thousands of candles can be lit from a single candle, and the life of the candle will not be shortened.
Happiness never decreases by being shared. - Prince Gautama Siddharta, the founder of Buddhism, 563-483 B.C.


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OfflineDarwin23
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Re: Senators seek crackdown on "Bitcoin" currency [Re: PassiveAgressive]
    #14588117 - 06/09/11 10:29 PM (12 years, 8 months ago)

I have a theory that might be stupid I dunno, but here it is:

What if Adrian Chen posted the article not because he's an idiot, but because he knew by writing this article he would draw attention to the bitcoins and drive the price way up?

Perhaps it's giving him too much credit, but perhaps not.


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OfflinegrimR
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Re: Senators seek crackdown on "Bitcoin" currency [Re: piracetam]
    #14588583 - 06/10/11 12:42 AM (12 years, 8 months ago)

I'm just afraid this will b the reason they put on a more aggressive ISP policing effort


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"I am already given to the power that rules my fate. And I cling to nothing, so I will have nothing to defend. I have no thoughts, so I will see. I fear nothing, so I will remember myself."

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Invisiblep_walter
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Re: Senators seek crackdown on "Bitcoin" currency [Re: grimR]
    #14590148 - 06/10/11 11:42 AM (12 years, 8 months ago)

Quote:

grimR said:
I'm just afraid this will b the reason they put on a more aggressive ISP policing effort




http://www.shroomery.org/forums/showflat.php/Number/14584630


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Coaster said: so i got free drug coupons witch u floozies refer to as "money"....


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