Gold is Losing Buyers to Bitcoin
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- Kriegsspiel
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Re: Gold is Losing Buyers to Bitcoin
https://www.theguardian.com/technology/ ... -bug-ether
"More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports."
"More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports."
Re: Gold is Losing Buyers to Bitcoin
"Effectively, a user accidentally stole hundreds of wallets simultaneously, and then set them on fire in a panic while trying to give them back."Kriegsspiel wrote:https://www.theguardian.com/technology/ ... -bug-ether
"More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports."
Back into the ether?
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Re: Gold is Losing Buyers to Bitcoin
That's almost as bad as losing all your gold in a boating accident, which happened to me.
Re: Gold is Losing Buyers to Bitcoin
i swear i honestly thought it would float...ochotona wrote:That's almost as bad as losing all your gold in a boating accident, which happened to me.
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Re: Gold is Losing Buyers to Bitcoin
+1 for fiat? Inflation erases any lost treasures
Re: Gold is Losing Buyers to Bitcoin
What was the name of that fellow who was giving out small amounts of bitcoin a few years ago on this site? It might have been a Dutch sounding name but not certain about that. I'd like to find his posts on here, if possible.
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Re: Gold is Losing Buyers to Bitcoin
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Re: Gold is Losing Buyers to Bitcoin
Thanks, dualstow!
How would one go about finding this bitcoin and cashing it out? Does anyone still own their's?
Was it on mtgox.com, which went under?
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Re: Gold is Losing Buyers to Bitcoin
I don’t think it was on Mt Gox. I still have mine, though I’ve been meaning to cash it in.
I see on Nov 18, 2013, I urged Marc to spend his bitcoin already because it had reached US$600. !
I see on Nov 18, 2013, I urged Marc to spend his bitcoin already because it had reached US$600. !
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Re: Gold is Losing Buyers to Bitcoin
I just sent you a PM.dualstow wrote:I don’t think it was on Mt Gox. I still have mine, though I’ve been meaning to cash it in.
I see on Nov 18, 2013, I urged Marc to spend his bitcoin already because it had reached US$600. !
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Re: Gold is Losing Buyers to Bitcoin
I will read the pm in a sec. I just googled my wallet string which I found on page 7. Looks like I have 56 transactions and a balance of zero. Funny, I should have only one transaction:Marc’s gift. Hmm.
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Re: Gold is Losing Buyers to Bitcoin
Yes. I see how to get to my account and I click on make payment. It takes me to a page where I can select the amount of the bitcoin to sell and then instructs me to copy a link to my clipboard to use to send the payment. After that I don't know how to proceed. I would like to send the payment to myself somehow, but in the form of actual cash (say to Paypal if its easiest). I can get the link to make the payment but then what should I do to send the payment to myself? Thanks.
Re: Gold is Losing Buyers to Bitcoin
Uh oh... sounds like you got ganked!dualstow wrote:I will read the pm in a sec. I just googled my wallet string which I found on page 7. Looks like I have 56 transactions and a balance of zero. Funny, I should have only one transaction:Marc’s gift. Hmm.
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Re: Gold is Losing Buyers to Bitcoin
False alarm; I was reading it wrong. Even though I googled my own wallet string, that seems to be Marc’s that I was looking at. (Zero bitcoins? Hope he has many wallets). I guess that’s the way the ledger works.
Turns out I still have the 0.1 btc. I’m sure I read that wrong a few years ago, too.
Turns out I still have the 0.1 btc. I’m sure I read that wrong a few years ago, too.
9pm EST Explosions in Iran (Isfahan) and Syria and Iraq. Not yet confirmed.
Re: Gold is Losing Buyers to Bitcoin
Ended up being a quite generous gift! To hold or to sell? (sell)dualstow wrote:False alarm; I was reading it wrong. Even though I googled my own wallet string, that seems to be Marc’s that I was looking at. (Zero bitcoins? Hope he has many wallets). I guess that’s the way the ledger works.
Turns out I still have the 0.1 btc. I’m sure I read that wrong a few years ago, too.
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Re: Gold is Losing Buyers to Bitcoin
Bitcoin and Ethereum Prices Take a Hit After Another Cryptocurrency Was Hacked
dualstow, it's possible to look at how much cryptocurrency other people have if you know how?
dualstow wrote:Even though I googled my own wallet string, that seems to be Marc’s that I was looking at. (Zero bitcoins? Hope he has many wallets). I guess that’s the way the ledger works.
dualstow, it's possible to look at how much cryptocurrency other people have if you know how?
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Re: Gold is Losing Buyers to Bitcoin
I don't know if I'm looking at the complete picture, but it seems like if you know someone's wallet string, you can google it. It does show the balance as zero. Now I doubt Marc has zero, but maybe that particular wallet does.
I really know very little about bitcoin having done only one transaction: passively receiving fractional bitcoin from Marc.
(I'm waiting on verification from a trading site, but it appears to be out of order this week. Well, not appears. Customer service wrote back to me and confirmed it). So much for cashing out in a hurry. Maybe it'll be fixed when 1 bitcoin = $45.
We need to ask someone who knows what they're talking about. Where's that bitcoin_in_the_vp person? Or Pointed Stick?
I really know very little about bitcoin having done only one transaction: passively receiving fractional bitcoin from Marc.
(I'm waiting on verification from a trading site, but it appears to be out of order this week. Well, not appears. Customer service wrote back to me and confirmed it). So much for cashing out in a hurry. Maybe it'll be fixed when 1 bitcoin = $45.
We need to ask someone who knows what they're talking about. Where's that bitcoin_in_the_vp person? Or Pointed Stick?
9pm EST Explosions in Iran (Isfahan) and Syria and Iraq. Not yet confirmed.
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Re: Gold is Losing Buyers to Bitcoin
Don't forget to claim your capital gains on Bitcoin sales. Especially if it is through coinbase. I expect they will get audited if they haven't already.
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Re: Gold is Losing Buyers to Bitcoin
Send out thedualstow wrote:I don't know if I'm looking at the complete picture, but it seems like if you know someone's wallet string, you can google it. It does show the balance as zero. Now I doubt Marc has zero, but maybe that particular wallet does.
I really know very little about bitcoin having done only one transaction: passively receiving fractional bitcoin from Marc.
(I'm waiting on verification from a trading site, but it appears to be out of order this week. Well, not appears. Customer service wrote back to me and confirmed it). So much for cashing out in a hurry. Maybe it'll be fixed when 1 bitcoin = $45.
We need to ask someone who knows what they're talking about. Where's that bitcoin_in_the_vp person? Or Pointed Stick?
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Re: Gold is Losing Buyers to Bitcoin
hahaha!
Kriegsspiel wrote:
Send out the
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Re: Gold is Losing Buyers to Bitcoin
By the way, that would be funny if bitcoininthevp and Marc were the same person...
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Re: Gold is Losing Buyers to Bitcoin
I wonder how this compares to oil and gas used to pull gold out of the ground.
https://powercompare.co.uk/bitcoin/
https://powercompare.co.uk/bitcoin/
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Re: Gold is Losing Buyers to Bitcoin
Cortopassi wrote:I wonder how this compares to oil and gas used to pull gold out of the ground.
Kriegsspiel wrote: Now, it's gonna take resources to make money, how does bitcoin compare to gold in the resources it takes to "make" it: bitcoin is about 7x more resource-intensive than gold. That's using an "optimistic" number for the energy requirements of bitcoin. Taken from here. But if a bitcoin is worth $6,800 and an ounce of gold is worth $1,275, maybe you could say that bitcoin is only 1.3x as resource intensive ($673 worth of currency created/barrel of oil vs $910 for gold) using the same numbers?
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Re: Gold is Losing Buyers to Bitcoin
Thanks. Missed that.Kriegsspiel wrote:Cortopassi wrote:I wonder how this compares to oil and gas used to pull gold out of the ground.Kriegsspiel wrote: Now, it's gonna take resources to make money, how does bitcoin compare to gold in the resources it takes to "make" it: bitcoin is about 7x more resource-intensive than gold. That's using an "optimistic" number for the energy requirements of bitcoin. Taken from here. But if a bitcoin is worth $6,800 and an ounce of gold is worth $1,275, maybe you could say that bitcoin is only 1.3x as resource intensive ($673 worth of currency created/barrel of oil vs $910 for gold) using the same numbers?
Re: Gold is Losing Buyers to Bitcoin
When you stop using the "coin" part of the name, the whole issue gets framed differently:
YOU'RE TRADING CURRENCY FOR TOKEN.
Why is it when they show images representing bitcoin, they show goldeny looking coins? Because it farks with the logical part of your brains.
YOU'RE TRADING CURRENCY FOR TOKEN.
Why is it when they show images representing bitcoin, they show goldeny looking coins? Because it farks with the logical part of your brains.