CAM Posted December 16, 2013 Posted December 16, 2013 The clue was in the code you put in to the Xbox though... Freezone.reboot
CHR1S Posted December 18, 2013 Posted December 18, 2013 Brought in at 450 Euros thinking it had bottomed out- now at 303 I bloody hope it rebounds, damn you China!
Arthur Posted December 18, 2013 Posted December 18, 2013 It would be good if BitCoin drops another 80%-90%. I think I'll buy some then. Bitcoin plummets as China's largest exchange blocks new deposits « The Guardian Digital cryptocurrency has lost almost 50% of its value overnight after BTC China said it could no longer accept deposits in the Chinese currency
jinnantonnixx Posted December 18, 2013 Posted December 18, 2013 (edited) Obligatory bubble chart...... Edited December 18, 2013 by jinnantonnixx 1
Arthur Posted December 20, 2013 Posted December 20, 2013 Who Owns the World’s Biggest Bitcoin Wallet? The FBI « Wired Who owns the single largest Bitcoin wallet on the internet? The U.S. government. In September, the FBI shut down the Silk Road online drug marketplace, and it started seizing bitcoins belonging to the Dread Pirate Roberts — the operator of the illicit online marketplace, who they say is an American man named Ross Ulbricht. The seizure sparked an ongoing public discussion about the future of Bitcoin, the world’s most popular digital currency, but it had an unforeseen side-effect: It made the FBI the holder of the world’s biggest Bitcoin wallet. The FBI now controls more than 144,000 bitcoins that reside at a bitcoin address that consolidates much of the seized Silk Road bitcoins. Those 144,000 bitcoins are worth close to $100 million at Tuesday’s exchange rates. Another address, containing Silk Road funds seized earlier by the FBI, contains nearly 30,000 bitcoins ($20 million). That doesn’t make the FBI the world’s largest bitcoin holder. This honor is thought to belong to bitcoin’s shadowy inventor Satoshi Nakamoto, who is estimated to have mined 1 million bitcoins in the currency’s early days. His stash is spread across many wallets. But it does put the federal agency ahead of the Cameron and Tyler Winklevoss, who in July said that they’d cornered about 1 percent of all bitcoins (there are 12 million bitcoins in circulation).
CHR1S Posted December 20, 2013 Posted December 20, 2013 Well I came out of the China crash with a minor profit.... result!
jinnantonnixx Posted December 20, 2013 Posted December 20, 2013 (edited) It says here that the Winklevoss twins (who own a whole pile of bitcoins) are advising people to buy loads of bitcoins. They should be thanked for their altruistic advice. Edited December 20, 2013 by jinnantonnixx
Sdrawkcab Posted December 23, 2013 Posted December 23, 2013 It says here that the Winklevoss twins (who own a whole pile of bitcoins) are advising people to buy loads of bitcoins. They should be thanked for their altruistic advice. You mean two influential people who own lots of bitcoins are trying to pump bitcoin? What a suprise! They're hardly going to say it's failing are they? They stand to lose tons of money. The previous weeks antics are a prime example of why you shouldn't buy bitcoins. Let it die so we can have some actual good cryptocurrency take it's place. Oh but wait the price is back up to $670! Bitcoin is clearly going up uP UP!!!!!!! Invest your life savings!
jinnantonnixx Posted December 23, 2013 Posted December 23, 2013 I think we're on the 'return to normal' bit of the graph. [ATTACH=CONFIG]22102[/ATTACH]
Sdrawkcab Posted December 23, 2013 Posted December 23, 2013 I think we're on the 'return to normal' bit of the graph. [ATTACH=CONFIG]22102[/ATTACH] Almost certainly. It'll only crash further when people realise "Wait, I can't actually do anything with these bitcoins?" and start trying to cash out before everyone else does. Dogecoin is apparently the future of crypto anyway
Arthur Posted December 30, 2013 Posted December 30, 2013 This Pizza Cost $750,000 I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy! ... If you're interested please let me know and we can work out a deal.
jinnantonnixx Posted January 8, 2014 Posted January 8, 2014 Now that Bitcoin has gone off the boil a bit, I thought I'd let you in to a little sideline. You can create your own currency. A write-up and a recipe is described in this Slashdot article. How To Create Your Own Cryptocurrency - Slashdot He has automated the process of modifying the source code to create custom currencies. Just enter in the name for your new currency, a logo image and set a few parameters (or accept the defaults), and you can have your own cryptocurrency. Sounds like a winner! The only snag, as I see it, is that "you just need to convince people that it is worth something."
Garacesh Posted January 8, 2014 Posted January 8, 2014 EduCoin? Our logo is already circular, so that'll do right?
jinnantonnixx Posted January 8, 2014 Posted January 8, 2014 What about 'EduGroat'? It could be initially pegged at 1.739 Panamanian Balboas in the first instance.
PotNoodleTech Posted January 8, 2014 Posted January 8, 2014 Could integrate the image of a edu hobnob into the logo too?
Sdrawkcab Posted January 8, 2014 Posted January 8, 2014 Now that Bitcoin has gone off the boil a bit, I thought I'd let you in to a little sideline. You can create your own currency. A write-up and a recipe is described in this Slashdot article. How To Create Your Own Cryptocurrency - Slashdot Sounds like a winner! The only snag, as I see it, is that "you just need to convince people that it is worth something." This has been the case for a while - pretty much all cryptocurrencies are just find/replace jobs on the Litecoin source code. I'm not surpised someone has made a website to do it now though, especially after the "success" of dogecoins.
Arthur Posted January 8, 2014 Posted January 8, 2014 Caught in the act! Mining Bitcoins on a college campus
Arthur Posted February 21, 2014 Posted February 21, 2014 Bitcoin’s Value Falls 10% As Faltering Mt.Gox Exchange Continues To Implode « TechCrunch Mt.Gox promised to get its house in order, and get back to the Bitcoin community and its users today. It did, but didn’t open up withdrawals, or set a firm timetable as to when users might be able to get their currency off the exchange. In response, the price of Bitcoin on Mt.Gox has cratered, again. It now rests just above $110. That’s down from around $260 the day before. Users are betting more heavily now that their Bitcoin on the exchange is never coming back. This turbulence has not left the larger Bitcoin market unmolested. According to the averaged Bitcoin price, the dollar cost of a Bitcoin has shed around 10% of its value today, falling from $625 to $560. Mt.Gox, previously trading at around a 50% deficit, is now trading at one fifth the regular price. Why would Mt.Gox bring down the value of Bitcoin on other exchanges? The failure of Mt.Gox highlights what sort of risk unregulated markets might entail. And in frankness Bitcoin has been on a slow deflate tip all year. The average Bitcoin price spiked over $900 in January, before settling into a pattern of decline.
Sdrawkcab Posted February 21, 2014 Posted February 21, 2014 The hilarious thing is that MtGox knew about the double-spending problem for months and didn't do anything about it. All the other exchanges use different methods of transaction verification which isn't impacted by the hash malleability attack. It's so easy to avoid the attack that it's only a low priority bug for the bitcoin devs themselves! I'm not really surprised that a website which used to sell Magic The Gathering Online cards is poorly run, though.
Sdrawkcab Posted February 24, 2014 Posted February 24, 2014 BBC News - MtGox chief Mark Karpeles quits Bitcoin Foundation The MtGox saga continues! I don't think anyone with funds in MtGox is getting them back. This is the beginning of the end.
CHR1S Posted February 24, 2014 Posted February 24, 2014 Sold out for a small loss on the downslide, not bothering to dip back in.
featured_spectre Posted February 24, 2014 Posted February 24, 2014 Mined one when it was profitable and not so costly. Withdrew it for £280 (cost me about £70 to mine)
Arthur Posted February 25, 2014 Posted February 25, 2014 (edited) I don't think anyone with funds in MtGox is getting them back. This is the beginning of the end. The end is nigh! Bitcoin exchange Mt. Gox goes dark, digital currency biz calls it a 'tragic violation' of user trust « Engadget Less than a year ago when we took a long look at Bitcoin, exchange Mt. Gox reportedly handled some 80 percent of global traffic in the digital currency. Tonight however, the exchange's website is offline, all tweets have been deleted from its account, and customers are unsure what will happen to fiat currency (cash) or Bitcoin that it holds. Edited February 25, 2014 by Arthur
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