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InvisibleShiithead
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Is bitcoin still a thing?
    #21573910 - 04/20/15 11:02 PM (9 years, 29 days ago)

Anyone?? Bueller?


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Ephesians 6:12
For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.
Psalm 12:6
The words of the Lord are pure words: as silver tried in a furnace of earth, purified seven times.
Hebrews 11:3
Through faith we understand that the worlds were framed by the word of God, so that things which are seen were not made of things which do appear.
Revelation 3:11
Behold, I come quickly: hold that fast which thou hast, that no man take thy crown.

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InvisibleGottaloveacid
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Re: Is bitcoin still a thing? [Re: Shiithead]
    #21573920 - 04/20/15 11:05 PM (9 years, 29 days ago)

Yea you can buy some right now though it isn't physical man, so no I guess it isn't a thing. But fuck that dude


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:mushroom2::mushroom2: The greatest story ever told is the story that never ends!:mushroom2::mushroom2:

wubba lubba dub dubstep :gimmebass:

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InvisibleShiithead
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Re: Is bitcoin still a thing? [Re: Gottaloveacid]
    #21573921 - 04/20/15 11:05 PM (9 years, 29 days ago)

If I buy some is there a good chance it will skyrocket again? x)


--------------------

Ephesians 6:12
For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.
Psalm 12:6
The words of the Lord are pure words: as silver tried in a furnace of earth, purified seven times.
Hebrews 11:3
Through faith we understand that the worlds were framed by the word of God, so that things which are seen were not made of things which do appear.
Revelation 3:11
Behold, I come quickly: hold that fast which thou hast, that no man take thy crown.

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InvisibleGottaloveacid
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Registered: 10/20/14
Posts: 3,421
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Re: Is bitcoin still a thing? [Re: Shiithead]
    #21573926 - 04/20/15 11:08 PM (9 years, 29 days ago)

The prices are really low right now, I really don't think they will drop any lower though, they have sort of plateaued at the bottom... I would invest in some now and sell them in a few months  could make a couple hundred $


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:mushroom2::mushroom2: The greatest story ever told is the story that never ends!:mushroom2::mushroom2:

wubba lubba dub dubstep :gimmebass:

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InvisibleTheMule73
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Re: Is bitcoin still a thing? [Re: Gottaloveacid]
    #21573934 - 04/20/15 11:16 PM (9 years, 29 days ago)

Yes, still a thing.

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OfflineAdolin
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Re: Is bitcoin still a thing? [Re: Gottaloveacid]
    #21573947 - 04/20/15 11:23 PM (9 years, 29 days ago)

Quote:

Gottaloveacid said:
Yea you can buy some right now though it isn't physical man, so no I guess it isn't a thing. But fuck that dude




you can actually purchase physical bitcoins. several different people make them, but they are all legit and carry a peel-off bitcoin adress for the ammount you want. you can get em on ebay and a few othe4r websites.

thats kind of another cool aspect of bitcoin, if people want physical currency, they can even make it themselves. want to make your own bit "coin"? you can do it. the only difference is that the coins will be one time use.

just beware of people who put a fake bitcoin address on the coin :lol:

Edited by Adolin (04/20/15 11:25 PM)

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OfflineEggtimer
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Re: Is bitcoin still a thing? [Re: Adolin]
    #21573990 - 04/20/15 11:47 PM (9 years, 29 days ago)

One of the biggest online drug markets is down right now so that may be part of the reason they're cheap right now.

I read this interesting article.
Quote:

A symbol for ‘nothing’ doesn’t seem to mean very much, but the biography of the number ‘zero’ shows what a dangerous idea it has been since its very first creation. The Sumerians of ancient Babylon invented it about 5,000 years ago, the Greeks banned it, the Hindus worshiped it, and the Church branded it as demonic figure that implied the negation of God.

Rehabilitation started in northern Italy in the 13th century. Zero became the most important tool in mathematics. It enabled the merchants of Venice to create modern finance: they invented the double-entry bookkeeping system. In her book ‘Double Entry’ author Jane Gleeson-White states that double-entry bookkeeping is ‘one of the greatest advances in the history of business and commerce’. She argues that ‘the process of recording profit and loss was nothing short of revolutionary: it fuelled the Renaissance, enabled capitalism to flourish, and created the global economy.’

Jacob Soll, the author of ‘The Reckoning’, states that basic accounting tools not only form the basis of modern capitalism but also of ‘the nation-state’. Our present is the outcome of this innovative system of accounting.

The acceptance of the double-entry bookkeeping system didn’t happen overnight. One of the main obstacles was the Church. Pope Leo the Great forbade charging interest on loans by canon law. In his eyes banking was sinful. It was prohibited to profit from money ‘without working’. Soon various ways around the prohibition were devised. Christianity and Judaism generally ban usury, but allowed usury towards heretics. Thus Christians could lend to Jews and vice versa.
History repeats itself

With the introduction of the binary number system, the base-2 internal machine language of computers, we are now seeing the dawn of a new system for double-entry accounting. Instead of using a centralized ledger — that is controlled by banks, notaries and insurance companies — the Bitcoin Blockchain proposes a new distributed bookkeeping system, where every node in the network maintains its own copy of the ledger. The ledger is completely transparent, everybody has the same view on reality. There is an excellent video that explains it further over on Khan Academy.

The blockchain is a shared single source of truth. Or as Alex and Don Tapscott explained it: ’It basically enables a global spreadsheet — an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value and importance to humankind: birth and death certificates, marriage licenses, deeds and titles of ownership, educational degrees, financial accounts, medical procedures, insurance claims, votes, transactions between smart objects, and anything else that can be expressed in code.’

No wonder that the popes of our modern economy find it hard to grasp how Bitcoin and blockchain technology works. A new Renaissance might be at the horizon. The blockchain not only radically transforms the way we do commerce, but it basically redefines the nature of the firm and has the potential to fundamentally shift the way in which our society is hierarchically organised.
A supercomputer for any kind of reality

Melanie Swan, author of ‘Blockchain: Blueprint for a new economy’ says that ‘in some sense, blockchain technology could be a supercomputer for reality.’

In his upcoming book ‘The Blockchain: Mapping the future of decentralization’ author Simon de la Rouviere builds upon this idea. He argues that the blockchain can even support ‘alternate realities as legitimate avenues to “live” in several ways’.

Using a combination of decentralized finance, property, trade, organisations, artificial intelligence and law, it not only creates a decentralized basis for our current reality, but any other one.’ So the blockchain is basically a supercomputer for every kind of reality we can imagine. It’s a ‘computational universe with true time dimensionality.’

The possibilities are endless. At the moment we are only scratching the surface of what alternate realities blockchain might enable. Just think of all the virtual realities that the blockchain can support: Minecraft, the massive multiplayer online game EVE Online, just to name a few. And what about Oculus Rift? Last year Mark Zuckerberg acquired the company for $2 billion. During his keynote session at the F8 conference he showed the above picture that summarises his vision for Facebook neatly.

Facebook moves from simple text messages to realtime virtual reality experiences. In the near future billions of people will communicate, interact, play and trade with each other in the virtual reality that Facebook displays on their eyeballs.

The blockchain might be the ultimate protocol to support this kind of global digital nation. With bitcoin blockchain there are no borders or limits. Blockchain cracks Pandora’s Box. It’s a rabbit hole inside of a rabbit hole inside of a rabbit hole…
Robocorps and robosociety

In his book ‘Sapiens’ author Yuval Noah Harari tells a brief history of humankind. He explains that one of the things that separates us humans from animals is the fact that we can imagine things. ‘Fiction has enabled us not merely to imagine things, but to do so collectively.’ One of the greatest figments of our collective imagination are corporations.

Humans have invented corporations to overcome the boundaries of Dunbar’s number, the ‘cognitive limit to the number of people with whom one can maintain stable social relationships.’ Over the last couple of centuries these companies have become the main players in our economic arena. Measured by their generated income, some of these structures are even bigger than nation states!

Now, with the invention of the bitcoin blockchain, the idea of corporations is evolving. Blockchain removes all kinds of friction. In doing so, it enables leaderless organizations. Companies whose mission statement is encoded into the blockchain and can thus operate completely autonomously. These so called Decentralized Autonomous Corporations (DACs) aka Robocorps are a new economic entity, next to people and corporations, that are entering and participating in our economy and society.





Wrong Side of History

For centuries, ‘capitalism’s basic institution‘, the corporation, has remained relatively unchanged.

Hierarchy, vertical integration and bureaucracy — hallmarks of the industrial age — still reign. We now stand at the edge of a new digital revolution. The internet is beginning a new phase of decentralization. As I’ve explained at the beginning of this article, the decentralized ledger removes all kinds of friction and thus the need for intermediaries. It therefore creates an alternative future that enables a new kind of company, a new kind of economy and a new kind of democracy and society. The future is the reverse of the centralized 20st century.

In a recent interview, former U.S. treasury secretary Larry Summers, one of the world’s most influential economic thinkers, made the following statement: ‘The people who rejected the internet as a curiosity for scientists were on the wrong side of history, the people who rejected digital photography as really an artificial thing were on the wrong side of history, and the people who felt that nongimmicky tennis racquets were made with wood were on the wrong side of history.

So it seems to me that the people who confidently reject all the innovation here [in new (blockchain-based) payment and monetary systems] are on the wrong side of history.”

It’s time for companies to wake up . Don’t fight the new system, but experiment with it and try to innovate. Embrace the possibilities of the bitcoin blockchain. It’s Digital Darwinism: adapt or die.




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It's all for the :lol:s

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InvisibleGottaloveacid
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Registered: 10/20/14
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Re: Is bitcoin still a thing? [Re: Eggtimer]
    #21574012 - 04/20/15 11:56 PM (9 years, 29 days ago)

Yeah, as soon as the second largest market got hijacked by the admins and flooded to the already largest market, it caused the market to have a LOT of downtime. Like it has been down twice for a week+ in a 3-4 week period. Ever since then, the price of bitcoin went from about 260$/btc to what ever it is now (I think last I saw was 219$/btc)

Plus the influx of btc from the now bunk second largest market is probably playing a roll. I forgot how many btc was stolen, but it was a LOT (many millions of $)


--------------------
   
:mushroom2::mushroom2: The greatest story ever told is the story that never ends!:mushroom2::mushroom2:

wubba lubba dub dubstep :gimmebass:

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OfflineBassfreak
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Re: Is bitcoin still a thing? [Re: Gottaloveacid]
    #21574297 - 04/21/15 04:13 AM (9 years, 29 days ago)

are drugs still a thing?


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Tom Brady is a God

Free Tom Brady

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OfflineAchillita
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Re: Is bitcoin still a thing? [Re: Bassfreak]
    #21574417 - 04/21/15 05:46 AM (9 years, 29 days ago)

Quote:

Bassfreak said:
are drugs still a thing?



Pretty sure :rofl:


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OfflineGorlax
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Re: Is bitcoin still a thing? [Re: Achillita]
    #21575622 - 04/21/15 08:51 AM (9 years, 29 days ago)

the only reason bitcoin was even high was hype. It was a new currency so people went crazy. It worked just like a stock. When news about a stock breaks, people buy up, in return that increases the value of the commodity. The use of them was crucial in the silk road and other sketch shit. Since the underground markets are getting busted and only a select few even dabble with the other UGM bitcoin is just a dump. Even the guy who ran the biggest bitcoin bank or whatever you wanna call it took his shit and dipped. mt gox..

I'm sure it is at a low point but honestly what news would bring it back to those record highs? practically nothing.. dead in the water imo.

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OfflineBassfreak
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Re: Is bitcoin still a thing? [Re: Gorlax]
    #21575626 - 04/21/15 08:53 AM (9 years, 29 days ago)

except people still buy drugs everyday


--------------------
Tom Brady is a God

Free Tom Brady

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InvisibleGottaloveacid
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Re: Is bitcoin still a thing? [Re: Gorlax]
    #21575642 - 04/21/15 08:58 AM (9 years, 29 days ago)

It is already going back up... 5% in the last 3 days or so. It is e easily predictable that it is just gonna keep going up for a while, but it will never reach the btc high the value was a few years ago.


--------------------
   
:mushroom2::mushroom2: The greatest story ever told is the story that never ends!:mushroom2::mushroom2:

wubba lubba dub dubstep :gimmebass:

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OfflineAchillita
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Re: Is bitcoin still a thing? [Re: Gottaloveacid]
    #21575666 - 04/21/15 09:08 AM (9 years, 29 days ago)

I personally think the bitcoins value will start to get a bit more stable. As long as people are using it and accepting it, it won't lose it's value.

I remember when someone offered to give me 10000 bitcoins for 5 dollars in 2009. I had no idea what they were and declined them. So full of regret now :lol:


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OfflineTurtletotem
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Re: Is bitcoin still a thing? [Re: Achillita]
    #21575808 - 04/21/15 10:12 AM (9 years, 29 days ago)

When bitcoin first came out I wanted to buy a whole bunch. This is when they where dirt cheap.
So I told my dad about it, and he went nuts. Told me I was just throwing my own hard earned cash away on some internet thing.
Being a dipshit, I believed him.

Many years later, I was wondering whatever came of that bitcoin thing.

My face when I realised I could have been a millionair was seen by no man, and thank the heavens for that. I must have looked like a demon jonesing for crack or something.

And so I learned to never take advice from anyone ever again, and lived happily ever after.


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OfflineAchillita
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Re: Is bitcoin still a thing? [Re: Turtletotem]
    #21575823 - 04/21/15 10:18 AM (9 years, 29 days ago)

Yeah, I could have been a millionaire for 5 dollars. You don't get that possibility every day. It's made me pay more attention to trends in stuff like that.

Did you ever bring it back up with your dad?


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OfflineTurtletotem
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Re: Is bitcoin still a thing? [Re: Achillita]
    #21575838 - 04/21/15 10:24 AM (9 years, 29 days ago)

Quote:

Achillita said:
Yeah, I could have been a millionaire for 5 dollars. You don't get that possibility every day. It's made me pay more attention to trends in stuff like that.

Did you ever bring it back up with your dad?




Him and I don't talk anymore due to some unrelated stuff, but I wouldn't tell him anyway, it'll break his heart :lol:


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Invisiblesh4d0ws
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Re: Is bitcoin still a thing? [Re: Turtletotem]
    #21575864 - 04/21/15 10:31 AM (9 years, 29 days ago)

Is bitcoin still a thing?

Yep. Bitcoin is still around and can be used to buy various things and services.

Are you going to get rich of bitcoin, or make any money investing?

Maybe a little bit, but not much. You're about 3-4 years late bud...


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OfflineGorlax
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Re: Is bitcoin still a thing? [Re: sh4d0ws]
    #21575920 - 04/21/15 10:59 AM (9 years, 29 days ago)

My point exactly. You know how many stocks you could have purchased for 5$ and made millions. Thousands. Nothing will bring BTC back to where it was. It was only up because of hype. Simple swings of 5% aren't significant, unless your day trading bitcoins. The damage done by Mt. Gox is irreversible.

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Offlineel_barto
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Re: Is bitcoin still a thing? [Re: Gorlax]
    #21575949 - 04/21/15 11:14 AM (9 years, 29 days ago)

Still a thing :smile: :dancingbear: :homerdrool: :notsureif: :sunny: :leaving:

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