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Blue Idaho

(5,500 posts)

23. So there was a run on a imaginary bank full of pretend money

Tue Feb 11, 2014, 04:47 PM

Feb 2014

And the imaginary bank closed its imaginary doors to keep people from withdrawing their pretend money?

There's got to be an object lesson in here somewhere...

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RIP Bitcoin. [View all] Tommy_Carcetti Feb 2014 OP

what happened? dionysus Feb 2014 #1

Here: Tommy_Carcetti Feb 2014 #6

A bug? KamaAina Feb 2014 #11

If so, it's a flaw in the protocol (nt) Recursion Feb 2014 #88

link nadinbrzezinski Feb 2014 #2

World's oldest bitcoin exchange? Orrex Feb 2014 #3

few years actually nadinbrzezinski Feb 2014 #4

Wait, Wait, Wait... On the Road Feb 2014 #57

It is not Feds nadinbrzezinski Feb 2014 #58

I Guess So, On the Road Feb 2014 #60

She did once explain it nadinbrzezinski Feb 2014 #64

A Precambrian Era bitcoin exchange from the Ediacaran Period FSogol Feb 2014 #15

@ $578/1 bitcoin, news of its death is perhaps premature? closeupready Feb 2014 #5

Wasn't it twice that amount a few days ago? Tommy_Carcetti Feb 2014 #8

Well, at the beginning of 2012, it was $12/bitcoin. closeupready Feb 2014 #32

Neither of which gives one any confindence BlueStreak Feb 2014 #54

For some people, it was never about its value as closeupready Feb 2014 #65

...annoying libertarian facebook friend will have to buy his weed with cash from now on NightWatcher Feb 2014 #7

Holy shit, you know Rob too? Tommy_Carcetti Feb 2014 #9

Tut tut. Buying weed. Those disgraceful amoral libertarians (nt) Nye Bevan Feb 2014 #24

I guess people will have to barter weed for copies of The Fountainhead. nt geek tragedy Feb 2014 #10

+1. nt bemildred Feb 2014 #14

good one! La Lioness Priyanka Feb 2014 #18

gt for the win! JustAnotherGen Feb 2014 #26

Well fuck. I was saving them up to buy a segway. arely staircase Feb 2014 #12

Every PC I ever came in contact with that had Bitcoin on it had two other things Rex Feb 2014 #13

Oh my. Bitcoin must be a wonderful playground for things like..... wandy Feb 2014 #29

Partial log of last PC I cleaned that had a bitcoin account on it. Rex Feb 2014 #31

Appears as if Conduit is sort of a gateway 'drug' .............. wandy Feb 2014 #36

Not related to Bitcoin Lancero Feb 2014 #63

He said he bought the OS with bitcoins. Rex Feb 2014 #69

I agree. I think the association is more with the fact that bitcoin users are more likely chrisa Feb 2014 #94

Not really... Lancero Feb 2014 #99

"...he got it off the Internet so thought it was legal..." Iggo Feb 2014 #76

Well you know they cannot put anything on the Internet that is not true! Rex Feb 2014 #84

that's so fucking funny, the only guy i know who is into bitcoin is a hardcore libertarian. dionysus Feb 2014 #16

I find it hilarious that Libertarians who totally despise the Federal Reserve system as being Ikonoklast Feb 2014 #41

I'm glad I am not the only one who thought that was a load of hooey...! MADem Feb 2014 #17

Just a FYI, Bitcoin is not to be confused with Bitstrips. Tommy_Carcetti Feb 2014 #19

If you never understood it, and still don't understand it, Nye Bevan Feb 2014 #20

Schrodinger's Bitcoin? nt Tommy_Carcetti Feb 2014 #21

You won the Internets. Or not. nt msanthrope Feb 2014 #50

The box is open and they're still not sure! randome Feb 2014 #96

Oh well. HappyMe Feb 2014 #22

Say someone in Russia or China wanted to donate money to a political party Nye Bevan Feb 2014 #25

So there was a run on a imaginary bank full of pretend money Blue Idaho Feb 2014 #23

You left out the part where the guy running the imaginary bank... tridim Feb 2014 #30

Ohhhhhh - that's a kicker! Blue Idaho Feb 2014 #43

That sounds like a modern-day variation of the "wildcat bank" fraud Art_from_Ark Feb 2014 #73

+1. In a nutshell BlueStreak Feb 2014 #56

k&r for exposure. n/t Laelth Feb 2014 #27

Well, think of it this way. Xyzse Feb 2014 #28

You think Bitcoin died because the price dropped or because of technical problems on an exchange? DesMoinesDem Feb 2014 #33

A better question: Tommy_Carcetti Feb 2014 #34

No, that is actually a pretty stupid question. DesMoinesDem Feb 2014 #42

Yes, but if something loses half its value in a week, wouldn't that be a tad alarming? Tommy_Carcetti Feb 2014 #44

After gaining 1000's of percent? No DesMoinesDem Feb 2014 #45

What does the $600 get you? Renew Deal Feb 2014 #66

Most people can buy quite a bit with $600. DesMoinesDem Feb 2014 #71

It's not $600 Renew Deal Feb 2014 #72

You can trade it for dollars or other currency if you want DesMoinesDem Feb 2014 #75

"In lieu of flowers, please send tulips." The_Commonist Feb 2014 #35

Good one! LittleBlue Feb 2014 #39

Bitcoin is not compatible with liberal or progressive ideologies. TheMathieu Feb 2014 #37

I don't understand why it's not compatible. I see lots of dislike for it from people here penultimate Feb 2014 #53

Last time I checked, the stoner potheads werent right wing.. TampaAnimusVortex Feb 2014 #85

And people who use the dark net - The Silk Road, etc. chrisa Feb 2014 #97

Oh man, I just sold all my Beanie Babies so I could buy bitcoins for my retirement central scrutinizer Feb 2014 #38

LOL. and I don't LOL. kwassa Feb 2014 #52

But, but, it was going to kick off a Libertarian Utopia. Courtesy Flush Feb 2014 #40

Whatever happens with bitcoin, it shows that woo me with science Feb 2014 #46

Except when the alternatives sound worse than the system it is seeking to replace. Tommy_Carcetti Feb 2014 #48

I don't think it shows any of that Renew Deal Feb 2014 #67

Of course you don't think so :) woo me with science Feb 2014 #80

how on fucking earth did you manage to work glenn fucking greewald into a bitcoin thread? arely staircase Feb 2014 #81

Because this is what libertarian paranoia is all about Renew Deal Feb 2014 #83

How stalkerish Renew Deal Feb 2014 #82

But my sister-in-law's aunt Aerows Feb 2014 #47

another one bitcoins the dust nt. NoGOPZone Feb 2014 #49

"You died before I even had a chance to understand what the hell you were about." anti partisan Feb 2014 #51

After reading a tecnical description of bitcoins... William Seger Feb 2014 #78

Its crypticism is its own undoing. Tommy_Carcetti Feb 2014 #79

I guess this guy can go home now. JeffHead Feb 2014 #55

Yep now the dead bitcoins are only worth $5 million. RIP (nt) anti partisan Feb 2014 #59

You are only worth what you can cash in on Aerows Feb 2014 #62

As he should when the exchanges go back up anti partisan Feb 2014 #77

$5 Million? Renew Deal Feb 2014 #68

Another ponzi scheme, but this one was elaborate Aerows Feb 2014 #61

Anyone ever play craps defacto7 Feb 2014 #70

bitcoin is being used to launder money Mosby Feb 2014 #74

Feel free to bet against it if your so certain... TampaAnimusVortex Feb 2014 #86

Yeah...... Tommy_Carcetti Feb 2014 #89

So, you can talk, but when it comes to your own money.... TampaAnimusVortex Feb 2014 #91

No, I will not bet bitcoins with you. Sorry. nt Tommy_Carcetti Feb 2014 #92

no, not bet with me... Short the market TampaAnimusVortex Feb 2014 #93

Knock yourself out. nt Tommy_Carcetti Feb 2014 #95

Your the one making the proclamations... knock yourself out! TampaAnimusVortex Feb 2014 #98

Netcraft confirms: bitcoin is dying (nt) Recursion Feb 2014 #87

Feel free to put your money where your mouth is then... TampaAnimusVortex Feb 2014 #90