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Thread: So, Bitcoins...

  1. #1
    Domesticated Primate Bastid's Avatar
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    So, Bitcoins...

    Anyone in the know?
    Every normal man must be tempted at times, to spit on his hands, hoist the black flag, and begin slitting throats.
    I often wonder if the voices in my head ever get frustrated because I'm just too damn lazy to climb that clock tower.
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  2. #2
    resident Humboldt's Avatar
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    Just what I've read.
    http://en.wikipedia.org/wiki/Bitcoin

    A least a couple discussions about them here before.

    http://forums.speedguide.net/showthr...hlight=bitcoin

  3. #3
    Second Most EVIL YARDofSTUF's Avatar
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    Seems like the butterfly labs box is the way to go.

  4. #4
    Moderator YeOldeStonecat's Avatar
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    Too late in the game to make it worth the effort...and by the time you order something and get it setup and running..the fad will be over....it'll be a "has been" faster than myspace was.
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    Senior Member Easto's Avatar
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    I keep thinking "POGS"

  6. #6
    SG Elite
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    I read the title as So, Bitches....

  7. #7
    Moderator David's Avatar
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    Actually it is a bit more like Noni berry fluid or Mary Kaye. If you were on it at the beginning, you "mined" them readily. I remain curious as to what the "hashing" is actually accomplishing. Like any group calculation effort, there must be some goal that puts a value into online currency

    Hell_Yes

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  8. #8
    Domesticated Primate Bastid's Avatar
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    I read one explanation that the "work" gets exponentially harder after every completion, that way nobody can monopolise the coin production.So, yeah i think at some point it will be impossible to finish one so whats the point? David brings up a very valid point... Whats it all for?
    I have also heard that the us government wants their share. They dont have a problem with it in digital form but when it gets converted to us currency, thats when they get all bitter about it.Well, more to the point, they cant do anything about it when it is in digital form.
    Every normal man must be tempted at times, to spit on his hands, hoist the black flag, and begin slitting throats.
    I often wonder if the voices in my head ever get frustrated because I'm just too damn lazy to climb that clock tower.
    Click image to enlarge
    click image to view full version

  9. #9
    SG Enthusiast koldchillah's Avatar
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    Quote Originally Posted by YeOldeStonecat View Post
    Too late in the game to make it worth the effort...and by the time you order something and get it setup and running..the fad will be over....it'll be a "has been" faster than myspace was.
    meanwhile, back when BTC was at $67.
    "Nobody's invincible, no plan is foolproof, We all must meet our moment of truth." - Guru

  10. #10
    Administrator Philip's Avatar
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    I had 3.4 BTC at some point in time... Sold them at a profit back when prices were in the $300 range lol :/ Then sold some fraction of one when price hit 15k.. Seems I always get out early heh.

    I do have a bit of ETH.

  11. #11
    SG Enthusiast koldchillah's Avatar
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    Quote Originally Posted by Philip View Post
    I had 3.4 BTC at some point in time... Sold them at a profit back when prices were in the $300 range lol :/ Then sold some fraction of one when price hit 15k.. Seems I always get out early heh.

    I do have a bit of ETH.
    I'm now up to holding about 18 different cryptocurrencies but ETH & BTC are my most heavily invested.
    "Nobody's invincible, no plan is foolproof, We all must meet our moment of truth." - Guru

  12. #12
    Administrator Philip's Avatar
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    Nice! No Dogecoin I hope

  13. #13
    SG Enthusiast koldchillah's Avatar
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    Quote Originally Posted by Philip View Post
    Nice! No Dogecoin I hope
    I treated Dogecoin like the joke that it is and only invested $10 in it. It's worth almost $50 now.
    "Nobody's invincible, no plan is foolproof, We all must meet our moment of truth." - Guru

  14. #14
    Administrator Philip's Avatar
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    Quote Originally Posted by koldchillah View Post
    I treated Dogecoin like the joke that it is and only invested $10 in it. It's worth almost $50 now.
    Whoa... I was joking around but seems I have more DOGE than you I have 276 DOGE (that I will be selling) worth like $60
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