Bitcoin !! i dont get it !!

After enjoying the fruits of your labors, we all need a place to chill. This is that place. Totally senseless irrelevant banter encouraged.
dill786

Bitcoin !! i dont get it !!

Post by dill786 »

[quote="Intrinsic"," Swansea police lieutenant Gregory Ryan told the Herald News. "The virus is so complicated and successful that you have to buy these Bitcoins, which we had never heard of."
http://www.theregister.co.uk/2013/11/21 ... ters_back/" onclick="window.open(this.href);return false;[/quote]

:smile:

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Bitcoin !! i dont get it !!

Post by Butcher Bob »

Massachusetts cops have admitted paying a ransom to get their data back on an official police computer infected with the devilish Cryptolocker ransomware.
Think I'd fire the whole IT dept. fer not maintainin their backups. :p

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Bitcoin !! i dont get it !!

Post by MadMoonMan »

It's based on trust.

And an accepting market

Here... take this US dollar which is being printed day and night to destroy its value ....


for 1 bitcoin I can buy a pound of weed in the Nigerian region of darkest African where Jane's white lilly skinned comrade gets raped by a giant AFRIKAN! OILED UP FOR CEREMONY!"

Many storys have been told of the tent raisings that night.

Many attribute it to the steam from the black mans penis steaming out the white bitches ass.

reminds me of one of my favorite jokes... ..

My lawyer friend Jose went to the races in Kentucky a lot and one day he bet on this horse and it he said to the horse. "I'm betting money on you. How many races have you won?"

The horse perks its ears up and prances they raising its tail real high goes " a pheew..."
Just because I can't spell misanthrope doesn't mean I'm completely stupid.

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Bitcoin !! i dont get it !!

Post by MadMoonMan »

paypal on steroids

credit cards electronic transfers

electrons zooming around and around

Can VISA stay in business if it screws its customers? What is VISA its trust that you can charge something and the retailor trusts VISa to pay them for your charges.. units. of exchange.

ViSA

BITCOINS
but bitcoins has a flexible market rate and are not credit.

You buy a "UNIT OF VALUE" on an electronic exchange trusting in the market value.

Ponzi scheme or ... Pool of Insurance?

Risk vs Reward
Just because I can't spell misanthrope doesn't mean I'm completely stupid.

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Post by MadMoonMan »

If the US and UN clamp down on credit card transfers and cash exchanges a new market arises from the ruins.
Just because I can't spell misanthrope doesn't mean I'm completely stupid.

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Post by MadMoonMan »

If the US and UN clamp down on credit card transfers and cash exchanges a new market arises from the ruins. Problem arises if you make nation states and the world government your enemy.

Thats a lot of firepower coming down on yo ass bro.

Russia and China spying on your naked faces bitches

as ex spy on Russia China and Vietnam why would anything change after 50 years?

we all spied and do spy on each other all the time
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Post by MadMoonMan »

You don't think the brits are not spying on that stupid clueless blacky?

static.... ckrisp... " break in call "we need more fritters..." break in call "WHY WONT YOU FUCK ME I BOUGHT YOU THAT 2 X 6 and ROpe to tie to y our skinny ass so you don't fall in what more do You WANT?" signal loss..

\squittch .. squi.l.ssssss
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Post by MadMoonMan »

I will give you 2 .357 magnum rounds for 3 real dog meat hamburgers or 1 for 4 catburgers.
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Post by MadMoonMan »

Elite of course gets to eat the elite cow burgers in the slave state.
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Bitcoin !! i dont get it !!

Post by Intrinsic »

First a follow up tangent about cyberLocker:

Bitcoin bubble prompts 'generous' cybercrooks to slash their demands
By John Leyden, 25th November 2013

The soaring price of BitCoin has prompted the cybercrooks behind the infamous CryptoLocker malware to reduce the levy they impose on victims from 2 BTC to 0.5 BTC.

The reduced price scam was spotted in variants of the malware, which encrypts personal files on infected Windows PCs, spotted earlier this week by security firm F-Secure.

The price of Bitcoin has been wildly volatile lately. And that type of commodity volatility affects Bitcoin's ability to act as a currency because prices are quickly driven out of whack. Even for ransomware such as CryptoLocker.
http://www.theregister.co.uk/2013/11/25 ... ion_price/" onclick="window.open(this.href);return false;

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