Bitcoin

wild greens

Well-known member
Had some marginal bitcoin in my coinbase from early last year, didn't really think about it till I read the recent articles. Close to £100 now! Pretty good

Going to open up TOR at the weekend and go shopping
 

wild greens

Well-known member
I have no sympathy for the missing password millions to be honest. The landfill lad depresses me though, wasn't it his brother that threw it out?

I remember when that story was first out and it was like 8m ha. I'd just break in and go digging me
 

Pandiculate

Well-known member
Had some marginal bitcoin in my coinbase from early last year, didn't really think about it till I read the recent articles. Close to £100 now! Pretty good

Going to open up TOR at the weekend and go shopping
All this speculation has made it rubbish for actually buying stuff, got charged an 8% transaction fee yesterday! Monero is the way to go
 

john eden

male pale and stale
Isn't speculation the main attraction for Bitcoin though? There's pages and pages of stuff on here about how everyone who put in £50 is going to be a bazillionaire so us schmucks need to get on the pyramid scheme now or we'll regret it.
 

Pandiculate

Well-known member
Isn't speculation the main attraction for Bitcoin though? There's pages and pages of stuff on here about how everyone who put in £50 is going to be a bazillionaire so us schmucks need to get on the pyramid scheme now or we'll regret it.
This might speak to my social circles but I think most young people were introduced to it as a way to buy drugs, the speculation came after.
 

muser

Well-known member
There must be a growing number of similar cases left un-reported. Forgotten passwords and lost hard drives holding mini-fortunes, it's will be the treasure hunt for the digital age people scouring through landfills and hackers banding together to try and unearth some lost password.
 

wild greens

Well-known member
Yeah without silk road and it's derivatives then the uptake wouldn't have been as dramatic I don't think.

Interestingly a few of them are now ditching bitcoin altogether I believe? I haven't used them that much recently but I remember Empire trying to push ETH before they exit-scammed
 

john eden

male pale and stale
There must be a growing number of similar cases left un-reported. Forgotten passwords and lost hard drives holding mini-fortunes, it's will be the treasure hunt for the digital age people scouring through landfills and hackers banding together to try and unearth some lost password.
Gasmasks on, guns at the ready... while the sun sets through the polluted haze.
 

Pandiculate

Well-known member
Yeah without silk road and it's derivatives then the uptake wouldn't have been as dramatic I don't think.

Interestingly a few of them are now ditching bitcoin altogether I believe? I haven't used them that much recently but I remember Empire trying to push ETH before they exit-scammed
Monero is the new one everyone's pushing, some of the new markets only accept it now and have binned bitcoin. It's meant to be 100% anonymous, I don't pretend to know how.
 

yyaldrin

in je ogen waait de wind
my brother is absolutely obsessed with cryptocurrencies, i can't have a normal conversation with him anymore, to me it feels like he's a jehova's witness trying to pull me in.

he put ALL his money in cryptocurrencies and when i asked him what he's gonna do when the price plummets or the bubble bursts he simply says that that scenario is unthinkable. it is not in the realm of possibilities for him.
 

muser

Well-known member
Yeah without silk road and it's derivatives then the uptake wouldn't have been as dramatic I don't think.

Interestingly a few of them are now ditching bitcoin altogether I believe? I haven't used them that much recently but I remember Empire trying to push ETH before they exit-scammed
Monero is the one being used instead of BTC now in some of the bigger markets, but it had a crash over Christmas and then loads of the big markets started getting DDOS'd and somehow it crashed almost the whole TOR network the past week, possibly there is some link but I don't really understand any of it to be honest.
 

luka

Well-known member
Staff member
my brother is absolutely obsessed with cryptocurrencies, i can't have a normal conversation with him anymore, to me it feels like he's a jehova's witness trying to pull me in.

he put ALL his money in cryptocurrencies and when i asked him what he's gonna do when the price plummets or the bubble bursts he simply says that that scenario is unthinkable. it is not in the realm of possibilities for him.
Reminds me of my brother who got sucked into a pyramid scheme for a few months. Desperately trying to get all his friends and family to buy in and feeling hurt and betrayed when we wouldn't. He also ended up in hospital once after buying penis enlargement pills on the Internet. Same thing really.

If something sounds too good to be true, it's not true.
 

john eden

male pale and stale
my brother is absolutely obsessed with cryptocurrencies, i can't have a normal conversation with him anymore, to me it feels like he's a jehova's witness trying to pull me in.

he put ALL his money in cryptocurrencies and when i asked him what he's gonna do when the price plummets or the bubble bursts he simply says that that scenario is unthinkable. it is not in the realm of possibilities for him.
Magickal thinking, very tricky.

Boring financial advice is always to split your investments into different pots, some risky, some not. Of course if he thinks different cryptocurrencies are different pots and that they aren't high risk you won't persuade him otherwise.

I don't understand it enough to know either way myself, maybe all these people will be our rulers in future.
 

wild greens

Well-known member
Monero is the one being used instead of BTC now in some of the bigger markets, but it had a crash over Christmas and then loads of the big markets started getting DDOS'd and somehow it crashed almost the whole TOR network the past week, possibly there is some link but I don't really understand any of it to be honest.

I guess if you were a conspiracist you could look at the mystery behind BTC and assume it's actually a technological false flag to allow shadowy external forces to take charge of the drug market and keep tabs on us like facebook/google/amazon etc already do by the phones

So a move away from BTC altogether into a conceptually tracking-proof crypto would no doubt be met by sabotage by aforementioned shadow Internet people as its a deviation from the initial or hijacked intentions of BTC. No-one knows who that bloke with the Japanese name is who started it do they

I like this theory I am going to treat it as real now and probably go and buy some monero
 

Mr. Tea

Shub-Niggurath, Please
Staff member
Reminds me of my brother who got sucked into a pyramid scheme for a few months. Desperately trying to get all his friends and family to buy in and feeling hurt and betrayed when we wouldn't. He also ended up in hospital once after buying penis enlargement pills on the Internet. Same thing really.

If something sounds too good to be true, it's not true.
Sometimes I think you must be the most normal member of your whole extended family, which is terrifying.
 

Mr. Tea

Shub-Niggurath, Please
Staff member
I have no sympathy for the missing password millions to be honest. The landfill lad depresses me though, wasn't it his brother that threw it out?

I remember when that story was first out and it was like 8m ha. I'd just break in and go digging me
If it went to a landfill full of ordinary mixed wasted, then there might be a chance. But if it went to one specifically for electronics or metal waste, well, don't they tend to move the trash around using enormously powerful electromagnets?
 
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