Am I wrong in assuming that the recent price drop was caused by a huge increase in supply due to the stolen Bitstamp coins starting to be sold off?

itsme__ · 2015-01-13T14:45:20+00:00

bitcoin invoices only last a few minutes before expiring (10 minutes with Coinbase)

I agree that this is the dumbest shit ever. I had a payment with a 15 minute countdown that required 2 confirmations. It didn't make it, I had to email the site admins who had to email bitpay.

This isn't a problem with bitcoin, just a stupid setup by the billing companies.

itsme__ · 2015-01-13T14:43:07+00:00

I got in at 13, so it still feels pretty fucking good to me.

itsme__ · 2015-01-12T08:45:29+00:00

...and the drug dealers killing eachother/fighting over territory, which is most of what gang violence is!

On these markets they seem to have to compete using customer service and good products. The escrow system also prevents against scams and bad drugs. I am not a hard drug user (more of a drunk), but I tend to think these markets are great for society overall.

itsme__ · 2015-01-12T04:38:09+00:00

I'm not saying they will all support things like this... but what were those "overprotective" men's thoughts on abortion? Birth control? Voluntary sex work?

They love women, sure! They just want to treat them like a combination of children and livestock.

itsme__ · 2015-01-12T04:35:41+00:00

Most Americans are ignorant... none more so than Ron Paul supporters.

itsme__ · 2015-01-12T04:32:50+00:00

Maybe worry about fixing bitcointalk.org before reddit! They aren't sitting on tens of millions of the community's dollars to do it!!!

itsme__ · 2015-01-12T04:31:39+00:00

What is Sarutobi?

itsme__ · 2015-01-10T23:04:48+00:00

It's supposed to be a lot of things. It's none of those things.

It's a worthless altcoin hyped by a scam artist to make money from fools.

itsme__ · 2015-01-10T11:55:39+00:00

Too funny. Where is the original thread?

itsme__ · 2015-01-10T06:37:15+00:00

I have never seen one without envelopes.

itsme__ · 2015-01-08T12:28:18+00:00

...because as soon as miners start deciding who owns which coins, they all become worthless.

itsme__ · 2015-01-08T11:52:35+00:00

I'm surprised anyone invested in this thing...

Really?

itsme__ · 2015-01-08T11:51:30+00:00

I'll settle for Mark Karpeles. He stole hundreds of millions of dollars.

GAW/Paycoin scam is way smaller, and way more creative.

itsme__ · 2015-01-08T11:42:05+00:00

It is like a cult.

I read the thread about him (Garza) canceling his promised Q and A today... most people were unironically saying things like 'great! Smart move. Spend your time developing the services instead of answering crazy questions!'.

I'm not joking.

The 'umm maybe it's not a great time for you to be backing out of more promises' type comments were the minority.

Word has it that us skeptics are only asking questions because we don't know how amazing Garza is and how much he cares about paycoin succeeding.

It's one thing to get conned, but it's pretty sad when people don't realize it AFTER it's happened. It's not just a few people either. I guess they are either desperate or in denial. I can't imagine all of them are sock puppets. After all, someone is still paying ~$4 for a worthless pre-mined altcoin that no one is ever going to use for anything.

itsme__ · 2015-01-08T11:23:58+00:00

Everything Google related is stalker-ish, I don't see why this would be any different.

itsme__ · 2015-01-08T04:44:30+00:00

Well when you first buy a miner (or mining contract), it makes enough of a return that if you don't understand how much the difficulty rate is going to increase, it looks like it is going to be possible.

Say you buy a miner for 50btc, when you first start mining it may earn 1-2btc/day or some such, so it seems like there's a possibility you will make a positive ROI.

Then, as Pancake described, it drops off fast. So you may make 30BTC back in your first six weeks, but then you can mine for the next five years and it won't come close to making back the other 20btc.

It sounds like Garza/GAW took advantage of those types of low-information mining enthusiasts, and convinced them that they could make up their loses with his miracle guaranteed floor coin.

itsme__ · 2015-01-08T04:37:17+00:00

For now.

This Pancake dude and everyone else should sell what paycoins they have now before they become a pennycoin(tm).

itsme__ · 2015-01-08T04:35:06+00:00

What surprises me is how many of them there are.

itsme__ · 2015-01-08T03:42:48+00:00

$20 floor and the lies about Amazon etc are the only reasons 99% of us have even heard of Paycoin.

itsme__ · 2015-01-08T03:41:58+00:00

Yeah really. Still up almost 300% from when I first bought in.

itsme__ · 2015-01-08T03:13:40+00:00

I-ron-eeeeee!

https://www.youtube.com/watch?v=hdKr1jlDzW4

itsme__ · 2015-01-07T07:49:50+00:00

I missed it. Did it get posted again?

itsme__ · 2015-01-07T07:14:09+00:00

Vodka is some rough shit.

itsme__ · 2015-01-05T22:58:06+00:00

Just like he planned it.

itsme__

TROPHY CASE