prepare for wall of text, saw this explanation on reddit...pretty interesting
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Doesn't seem like that practical a currency if you can only exchange it for items worth multiples of a hundred dollars or more. Except maybe for GT.
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It's divisible, you can transact in fractions of a coin (centibits or something)
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I have 10 coins left. They were worth $50 at one point, then $2600 at another, now they are worth about $1000. I don't really care as they cost me nothing to get (see previous parts of this thread).
my workmate has 100 coins. He might buy a house one day. But he doesn't care either as he mined during the goldrush and it didn't cost him anything either. I think the coin is divisible to 10 decimal places or something. Basically this boom and bust cycle is a repeat of the last one. Bubble, pop, bounch, mt gox down, (predicted) crash, then steady rise again. Fun to watch when you don't care. |
http://gawker.com/feds-seize-assets-...ange-506790294
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http://www.youtube.com/watch?feature...v=_onv9-fHoEc#!
Max Keiser - Bitcoin, Bernanke & Buffett | London Real Might be of interest to some. |
http://www.reuters.com/article/2013/...94G0LS20130517
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Do they have, you know, any valid reason?
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I'm guessing you didn't read the article?
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I'll be needing a couple of bitcoins by the end of this week if someone wants to sell. Price seems to be in your favour :)
Cash (depending on location) or NZ bank transfer Cheers NZG |
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Sounds like money laundering to me....
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http://www.itworld.com/security/3707...ut-or-spend-it |
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12 April 2011
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http://swampland.time.com/2013/11/18/bitcoin-price-soars-as-the-senate-mulls-regulating-the-cryptocurrency/ 50Bt valued today would be $44,000NZD |
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FUCK I should have known last week's lotto numbers were going to be 04, 08, 09, 18, 25, 28
I've sold virtual currency before and made close to $30k, and it involved a lot less random luck than this buttcoin business. So not even mad |
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tai liao you down for a mammoth match?
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Anyways, I want an update from Jodi - what has happened since the last post? cashed in? |
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Still got 14 coins left.
Mining at 7.7Ghz. I would be a millionare if I speculated. I would have 350k if I didn't sell any coins. I would have 18 coins if I didn't spend 4 getting the miner that would only mine a total of 1 coin it its lifetime. So yea, I do mining because it's low risk, but I suck at the business. I'm just playing the nz/mtgox markets when there is a spread due to volatility atm. |
Meh, leave money speculation to John Key.
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I know a few people also play the CampBx/MtGox game as well - they're quite often spread ... |
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Damn bitcoin spikes... just keeps going up and up.
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Really, really should have cashed out at 1k/coin. Still hope yet...
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bump, who remembers? I remember
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I hope Jodi kept those 14 coins.
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oh god. What a trip those first few post were.
Where were those dam time travellers to let people know not to sell their BTC for $1.50 |
If I were Jodi I would just never come back to this thread.
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$26,314,500
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Oh god.
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