To all the haters out there

**Tazz** · 29th November 2013, 16:46

http://www.bbc.co.uk/news/technology-25138627

**mashman** · 16th December 2013, 17:53

Bitch pad for ya Smokey

**SMOKEU** · 16th December 2013, 18:28

Originally Posted by Tazz

http://www.bbc.co.uk/news/technology-25138627

Always back up the wallet.dat on multiple drives!

Originally Posted by mashman

Bitch pad for ya Smokey

I wish I had enough BTC for that.

**Paul in NZ** · 26th February 2014, 08:00

Bugger

http://www.stuff.co.nz/technology/di...ins-disappears

**SMOKEU** · 26th February 2014, 08:03

Originally Posted by Paul in NZ

Bugger

http://www.stuff.co.nz/technology/di...ins-disappears

Just as well I cashed out big at the right time, and the rest of my BTC are safely stashed in my wallet.dat

**Katman** · 26th February 2014, 17:41

Originally Posted by SMOKEU

.....and the rest of my BTC are safely stashed in my wallet.dat

They'll be great for buying virtual petrol.

**SMOKEU** · 26th February 2014, 18:12

Originally Posted by Katman

They'll be great for buying virtual petrol.

I'm sure they will be. Or I could cash out. Moar money for me! Then I can buy some jewgold.

**Indiana_Jones** · 27th February 2014, 08:35

Am I so lost over this bitcoin shit lol.

-Indy

**SMOKEU** · 27th February 2014, 09:57

Originally Posted by Indiana_Jones

Am I so lost over this bitcoin shit lol.

-Indy

All the more reason to get started. Read a Bitcoin wiki to get an understanding of the basics.

Then go to Silk Road and buy some coke and meth.

**bogan** · 27th February 2014, 10:51

Originally Posted by Indiana_Jones

Am I so lost over this bitcoin shit lol.

-Indy

Pyramid scheme, if you have any, sell before it crashes (again). Value of the coins is far too unstable for it to become a permanent form of currency.

**Indiana_Jones** · 27th February 2014, 10:57

Originally Posted by bogan

Pyramid scheme, if you have any, sell before it crashes (again). Value of the coins is far too unstable for it to become a permanent form of currency.

I haven't got any, I've only heard about it in the last month or so. My mate said they bought a coin or two.

Sounds like a Ponzi scheme to me.

-Indy

**Akzle** · 27th February 2014, 11:36

Originally Posted by bogan

Pyramid scheme,

now now, that carries such negative connotation.
Think of it more... as a triangular business model...

**bogan** · 27th February 2014, 11:58

Originally Posted by Akzle

now now, that carries such negative connotation.
Think of it more... as a triangular business model...

Oh it's fucking clever, I'll certainly give them that. Especially all the anonymity, so you can't tell when the smart guys behind it decide it is fuck-this-shit-oclock and pull their millions (billions?) out and leave the lower teirs with a bunch of rapidly devaluing currency.

**Akzle** · 27th February 2014, 12:01

Originally Posted by bogan

Oh it's fucking clever, I'll certainly give them that. Especially all the anonymity, so you can't tell when the smart guys behind it decide it is fuck-this-shit-oclock and pull their millions (billions?) out and leave the lower teirs with a bunch of rapidly devaluing currency.

youre right. That sounds nothing at all like "real" money.
/comic sans

**SMOKEU** · 27th February 2014, 12:03

Originally Posted by bogan

Pyramid scheme, if you have any, sell before it crashes (again). Value of the coins is far too unstable for it to become a permanent form of currency.

Originally Posted by Indiana_Jones

Sounds like a Ponzi scheme to me.

-Indy

Wrong and wrong...

Do some reading into it.