Skeptic Project

http://www.npr.org/blogs/money/2011/06/16/137223116/some-just-stole-500-000-in-bitcoins

Posted: Jun 16, 2011 - 12:47

(0)

Genuine American Monster

Level: 70
CS Original

JimJesus

Posted: Jun 16, 2011 - 12:50

(0)

Bacon Pancakes! Making Bacon Pancakes, take some Bacon and I'll put it in a Pancake! Bacon Pancakes that's what it's gonna make...Bacon Pancaaaaaake!! ♪

Level: 3

/me checks his silver safe "No one has hacked it yet!"

anticultist

Posted: Jun 16, 2011 - 15:46

(0)

Brainwashing you for money

Level: 15
CS Original

*Checks bank account*, nope its all there.

Kepp

Posted: Jun 16, 2011 - 15:48

(0)

Level: 5
CS Original

^haha

The Real Roxette

Posted: Jun 17, 2011 - 01:56

(0)

There ARE more sluts in public schools. Shut up and let me explain.

Level: 8
CS Original

It's like some libertarian paradise.

Omni-Science

Posted: Jun 17, 2011 - 02:14

(0)

Ordo Ab Chao.

Level: 8
CS Original

If only they offered bitcoins in Somalia.

Posted: Jun 17, 2011 - 10:02

(0)

Genuine American Monster

Level: 70
CS Original

Did this guy really lose any money? Its not like its real money and its not like you can use it for any goods or services other than drugs through Silk Road or cybersex with British teenagers.

JimJesus

Posted: Jun 17, 2011 - 12:39

(0)

Bacon Pancakes! Making Bacon Pancakes, take some Bacon and I'll put it in a Pancake! Bacon Pancakes that's what it's gonna make...Bacon Pancaaaaaake!! ♪

Level: 3

You can buy webhosting, some video game makers take them. There is some legit things you can use it for but it's still a joke.

Posted: Jun 17, 2011 - 12:58

(0)

Level: 6
CS Original

As long as you can sell it, it's worth something. He should hire someone follow the transaction records, I'm curious how "safe" BTCs really are.

Posted: Jun 17, 2011 - 12:58

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Genuine American Monster

Level: 70
CS Original

Sell it for what though? More Bitcoins?

#10

Posted: Jun 17, 2011 - 13:06

(0)

Level: 6
CS Original

Hard dollars, just as any other investment. It's not like I own precious metals because they're that useful to me.

#11

Posted: Jun 17, 2011 - 14:21

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Genuine American Monster

Level: 70
CS Original

Who is going to pay dollars for Bitcoins?

#12

Posted: Jun 17, 2011 - 14:32

(0)

Level: 6
CS Original

Nerds or speculators, basically. If you can read trade data, check https://mtgox.com/trade/history

#13

Posted: Jun 17, 2011 - 14:35

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Genuine American Monster

Level: 70
CS Original

Nerdy libertardians I guess.

#14

Posted: Jun 17, 2011 - 14:36

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Genuine American Monster

Level: 70
CS Original

Boy, look at that price plunging.

What kind of retard would invest in this crap.

#15

Posted: Jun 17, 2011 - 15:01

(0)

Level: 6
CS Original

I made four trades over the last week, worked out pretty well. Nothing fancy, just looking at S/R (and you can't even short the fuckers yet).

#16

Posted: Jun 17, 2011 - 15:12

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Genuine American Monster

Level: 70
CS Original

Well, now I know.

#17

Posted: Jun 18, 2011 - 12:31

(0)

Level: 6
CS Original

And the price is back up. Bought at 13.5, could sell right now for $230 profit. This is fun.

#18

JimJesus

Posted: Jun 18, 2011 - 13:20

(0)

Bacon Pancakes! Making Bacon Pancakes, take some Bacon and I'll put it in a Pancake! Bacon Pancakes that's what it's gonna make...Bacon Pancaaaaaake!! ♪

Level: 3

an alternative currency shouldn't be a short term speculator's market.

#19

Posted: Jun 18, 2011 - 14:43

(0)

Level: 6
CS Original

All currencies are short term speculators' markets, BTC just attracts more nerds who don't know what they are doing. Combine that with the relatively low volume of the market and you get highly fluctuating prices. That doesn't tell you anything about the long-term adequacy of BTCs as a currency.

#20