Buttcoin

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Smiler
Imperisaurus Rex
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Re: Buttcoin

Postby Smiler » Tue Feb 18, 2014 11:01 am

Apparently it forked, whatever the hell that means.

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Cthulhu-chan
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Re: Buttcoin

Postby Cthulhu-chan » Tue Feb 18, 2014 12:41 pm

A currency code-forked?! Jesus chr-why am I getting deja vu?
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TedBelmont
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Re: Buttcoin

Postby TedBelmont » Wed Feb 26, 2014 6:59 am


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Cthulhu-chan
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Re: Buttcoin

Postby Cthulhu-chan » Wed Feb 26, 2014 10:24 am

jesus, that's a fairly large amount of sorta-not-entirely-fake money.
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McDohl
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Re: Buttcoin

Postby McDohl » Wed Feb 26, 2014 10:35 am

Everything I learned about finance I learned from EVE Online.

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Imperisaurus Rex
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Re: Buttcoin

Postby Smiler » Thu Feb 27, 2014 12:13 pm

The really depressing thing is that I had an internet friend just do the usual crazy bitcoin shit and dump a ton of his money into it. I almost feel bad about him losing most of his money via price fluctuation. At least he didn't have enough time to put anything into MTGOX. Honestly though he's been making bad decisions since I've known him so its really just another hilarious story, this time with major financial repercussions.

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zaratustra
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Re: Buttcoin

Postby zaratustra » Thu Feb 27, 2014 3:14 pm

Bitcoin has rebounded to $570, meaning either people still trust it after the fall of MtGox or someone has been doing an iron effort to keep the numbers up.

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Mongrel
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Re: Buttcoin

Postby Mongrel » Thu Feb 27, 2014 3:17 pm

Or it's just a case of "With all the recent trouble, now's a GREAT time to buy!"
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Smiler
Imperisaurus Rex
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Re: Buttcoin

Postby Smiler » Thu Feb 27, 2014 4:32 pm

Buy low sell high. It's a stable currency nothing will go wrong with it.

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Mongrel
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Re: Buttcoin

Postby Mongrel » Fri Feb 28, 2014 11:20 am

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MarsDragon
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Re: Buttcoin

Postby MarsDragon » Fri Feb 28, 2014 11:47 am

It might not be true that MtGox was ever a Magic trading site, which is possibly the saddest part of this whole affair.

Fortunately their security will always remain hilarious:

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Smiler
Imperisaurus Rex
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Re: Buttcoin

Postby Smiler » Fri Feb 28, 2014 2:22 pm


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Healy
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Re: Buttcoin

Postby Healy » Thu Mar 06, 2014 4:57 pm

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TA
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Re: Buttcoin

Postby TA » Thu Mar 06, 2014 5:31 pm

Satoshi Nakamoto, creator of Bitcoin, tracked down and identified.

Turns out he's not this amazing young tech messiah, he's a grumpy 64-year-old model train weirdo who just wanted a way to order more trains from England without paying wire transfer fees.

Bitcoiners are alternately denouncing him, praising him, or talking about killing him.
のほも is such a good word?? the concept is kind of hard to fully get across in translation, but basically it means a feeling of pure, deep, platonic affection, and i think thats beautiful

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zaratustra
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Re: Buttcoin

Postby zaratustra » Thu Mar 06, 2014 6:55 pm

So the inventor of Bitcoin is an brilliant but obsessive nerd that is suspicious of all human interaction? FUCKING IMAGINE THAT

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pacobird
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Re: Buttcoin

Postby pacobird » Thu Mar 06, 2014 6:55 pm

http://the-toast.net/2014/03/06/intervi ... -bitcoins/

“Bitcoin actually started as a way for the tiny passengers on my model trains to purchase refreshments from the eensy-weensy snack cart in Car Seven,” Nakamoto explained, chuckling self-deprecatingly. “I had no idea that it would become such a force of its own.”
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Thad
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Re: Buttcoin

Postby Thad » Thu Mar 06, 2014 9:11 pm

TA wrote:Turns out he's not this amazing young tech messiah, he's a grumpy 64-year-old model train weirdo who just wanted a way to order more trains from England without paying wire transfer fees.


Well, he also (allegedly) lost his house and, via Ars quoting a paywalled Newsweek story:

As [Newsweek reporter Leah McGrath] Goodman wrote, "Ilene Mitchell says she isn't surprised her father would choose to stay under cover if he was the man behind this venture, especially as he is currently concerned about his health. 'He is very wary of government interference in general,' she says. 'When I was little, there was a game we used to play. He would say, 'Pretend the government agencies are coming after you.' And I would hide in the closet.'"


Meanwhile, Ars Technica creates its own cryptocurrency, redeemable only at Ars Technica and only for silly, inconsequential things. It's pretty much like pyos. Article is well worth reading as a general overview of how forking your own altcoin works and what the tech behind this stuff is anyway.

Scrypt creator Colin Percival:
I think the whole idea of proof-of-work is rather horrible in that we have millions of dollars being spent on computing things for no real benefit, just competing against each other. In an economic sense, this is incredibly wasteful. It’s like the Olympics without the entertainment value.


Oh, I dunno, I'm pretty entertained.

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Caithness
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Re: Buttcoin

Postby Caithness » Fri Mar 07, 2014 2:06 am

But it's only entertainment for people who enjoy irony. I have a feeling that's a much smaller set than the people who enjoy sports.

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Z%rø
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Re: Buttcoin

Postby Z%rø » Fri Mar 07, 2014 3:36 am

Pyocoin/Brontocoin cryptocurrency when

It should be said that people aren't entirely convinced that the Satoshi in the article is the actual Satoshi behind bitcoin.
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patito
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Re: Buttcoin

Postby patito » Fri Mar 07, 2014 5:33 am

People are in denial, news at 11.

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