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Bitcoins soaring

Discussion in 'TRIBE Main Forum' started by The Watcher, Apr 3, 2013.

  1. The Watcher

    The Watcher TRIBE Member

    Anyone paying attention or have bitcoins?

    It's in an almost parabolic move in the last 2 months and accelerating daily... seems capital flight is finding safety outside the banking system.

    It's been in the news on mainstream media since Tuesday.

    Oh, and new bitcoin ATM's are being developed and delivered to Cyprus.
     
  2. The Watcher

    The Watcher TRIBE Member

  3. The Watcher

    The Watcher TRIBE Member

    oh, and it's worth noting, the current price in Canadian fiat dollars is 134$, today's range is about 120$ to 145$
     
  4. The Watcher

    The Watcher TRIBE Member

  5. G3N3R4L

    G3N3R4L TRIBE Member

  6. The Watcher

    The Watcher TRIBE Member

  7. The Watcher

    The Watcher TRIBE Member

  8. acheron

    acheron TRIBE Member

  9. Bass-Invader

    Bass-Invader TRIBE Member

    this is a pretty big problem with bitcoins. The bitcoin supply expands at a predictable and stable rate, but demand is volatile. The value of bitcoins may well crash just as hard as any other bubble.
     
  10. $80 Undershirt

    $80 Undershirt TRIBE Member

    I have a few. Bought them for around $32 apiece about a month ago. It's kind of exciting. Gonna hang on to them and see where this wild ride will take me.
     
  11. Bernnie Federko

    Bernnie Federko TRIBE Member

    This is what happens when the FBI decides to CLAMP down on a black market currency.
     
  12. defazman

    defazman TRIBE Member

    I thought these were just to buy crack off the internet?
     
  13. kuba

    kuba TRIBE Member

    What the fucking shit are bitcoins?

    *turns to wiki
     
  14. Blysspluss

    Blysspluss TRIBE Member

    Hmph. Nice way to launder money, given that its unregulated.

    I'll stick with real dough.
     
  15. Phat Buddha

    Phat Buddha TRIBE Member

    [​IMG]
     
  16. KodiaK

    KodiaK TRIBE Member

    You're not too far off the truth.

    There are ways to convert the bitcoins back to cash. Those sites have been around for quite a while.

    the price of the bitcoins will crash again.
    I just wish i knew about this shit 4 years ago so i could have put some old computers and video cards to good use with linux and some mining scripts......
     
  17. erika

    erika TRIBE Member

  18. praktik

    praktik TRIBE Member

    LOL @ "fiat" dollars...

    red flag!
     
  19. Deus

    Deus TRIBE Member

    How am I to stash these under the floor boards?
     
  20. Bernnie Federko

    Bernnie Federko TRIBE Member

    But a tablet, put your offline BTC wallet on there with your stash, stick it in a zip lock, and Bob is your uncle.
     
  21. The Watcher

    The Watcher TRIBE Member

    USB Key if you want to stash it physically.

    Just zip it, password protect it, rename it to something that only you'll know and stash it digitally on multiple hard drives/web servers/cloud.

    Just write down or memorize the hash address of your bitcoins that are password protected rebuild your digital wallet when you need it to gain access to your coins.

    Use online service like https://mtgox.com/ to store your bitcoins on a web accessible wallet.
     
    Last edited: Apr 4, 2013
  22. Bernnie Federko

    Bernnie Federko TRIBE Member

    Eff mt gox!
     
  23. unique2100

    unique2100 TRIBE Promoter

    They will hit $1000 bucks by the end of the year.
     
  24. erika

    erika TRIBE Member

    Indeed, from that Globe article I posted:

    But in June 2011, the Mt. Gox Bitcoin exchange was hacked, and on Wednesday it crashed. Last May, Bitcoinica, another Bitcoin exchange, saw a cyber attack result in 18,000 stolen bitcoins ($90,000 at the time). EU governments guarantee bank accounts for up to 100,000 euros, but purloined Bitcoins have no such safety net. Still, a proposed a hostile takeover of your bank account, like in Cyprus, isn’t too safe either.

    Richard Henderson, a security strategist and threat researcher with Fortinet’s FortiGuard Labs, says he’s concerned by botnets, such as ZeroAccess, which are being use for “Bitcoin mining.”

    “ZeroAccess’s main raison d’etre is to mine bitcoin for its owners,” Henderson said. “FortiGuard has been monitoring ZeroAccess infections for quite some time, and we’re seeing linear growth of infections on the scale of about 100,000 new IPs showing infections weekly.”
     
  25. graham

    graham Well-Known TRIBEr

    It's really interesting.

    and completely retarded.
     

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