Bitcoin

[a1pha]

Anyone read about the drop?

Digital black friday

I don't agree with this article. Yes, it dropped from about 30 USD to 20 in a day, but less than three weeks ago it was at a high of 8 USD. In Feb it was 2 USD. 2 to 20 is still a ten-fold increase in just a few months time.

Not too bad if you ask me.

 

[The Traveler]

Are you aware of any future cards coming to market which might be worth the wait, or just snag the 5870s when I can?

Also, what are you using to under clock the memory on the card? CCC limits the min memory clock on mine to 1200 and I think house said he was in the 500/600 range.

Thanks for the input Traveler.

At the end of this year or maybe at the start of next year will the new cards arrive at the 28nm process, so getting your card now is ok.

I underclock my cards with SAPPHIRE TriXX, it supports the 58xx and the 6xxx series. It works with my XFX cards so I assume it will work for other manufacturers as well.


Kind regards,

The Traveler

 

[SWIMfriend]

For those of us behind the curve on understanding about bitcoin, here is an interview with Bruce Wagner, owner of the site Bitcoinme.com

See it here

 

[a1pha]

Great article from the Economist - Bits and bob

 

[DMTripper]

Very unstable currency. It needs to become more stable for it to work. Might take some time.

 

[a1pha]

Uh oh... This is what I get when going to Mt. Gox. Not good.

 

[۩]

Hacked!

 

[alzabo]

New malware steals your Bitcoin

New malware in the wild has a single-minded purpose: finding and filching …

arstechnica.com

In a sure sign that the virtual currency Bitcoin has hit the mainstream, a new Trojan horse program discovered in the wild Thursday seeks out and steals victims’ Bitcoin wallets, the same way other malware goes for their banking passwords or credit card numbers.

 

[amor_fati]

I think a lot of the security issues stem from folks simply not treating it as an actual currency--users and services alike. Not trusting Windows would be a good start for most.

 

[Not Sure]

down to $15. I wonder how much farther it will drop.

 

[The Traveler]

down to $15. I wonder how much farther it will drop.

After the Mt.Gox hack it was down way further. It's now actually going up again. Just a minute ago I sold 5 BTC for about 17 dollar each.

I guess the biggest fluctuation will be when Mt.Gox goes online again. Mt.Gox: We will relaunch the site on June 25 at 3:00 GMT. Trading will resume at 4:00 GMT (same day).


Kind regards,

The Traveler

 

[Not Sure]

That s good to hear. I was going to get some bit coins I feel a bit better now about it.

 

[DMTripper]

Digital bank robbery

 

[a1pha]

^ Ya, it was like the bank locking down the valut while leaving the construction entrance fully un-manned.

 

[a1pha]

EDIT: Article lacks evidence. A search at uscourts.gov yields no results. Digging into this.

Here we go, another great use of taxpayer dollars. Heads up to all the miners out there...

Bitcoin Laws Imminent

This week the US courts service (UScourts.gov) has shown increasing interest in Bitcoins. Their research is ongoing but hastily scaling-up from where it was last week.

Seems we have new orders from the top.

The question then becomes, who’s first in the Bitcoin firing line?

Bitcoin Miners.
Bitcoin Exchanges.
Bitcoin Wallet Owners.
Bitcoin Commerce.
A quick rundown and recommendations for enforcement:

Bitcoin Miners
Remaining continuously connected to the Bitcoin network by their very nature, tracking is certainly possible. Bitcoin Miners tend to be everyday technologically-savvy users with non criminal intent usually driven by greed, making they quick to fold once takedowns begin. They will be hastily “replaced” by overseas Bitcoin Miners as the network adapts unless trust in the Bitcoin valuation is concurrently undermined, or a tactical global coordinated takedown is actioned.

Anti currency creation laws already in place here in the US could theoretically be applied to Bitcoin Miners making for a good media push.

...

 

[Not Sure]

what would be the easiest most anonymous way to sell bitcoins?

 

[a1pha]

what would be the easiest most anonymous way to sell bitcoins?

Be awes0me and Send them to me. [wallet outdated] :d

But no, really, this [if you're a poop-head].

 

[elru]

Hey all. I was curious the other day and found that bitcoins are going for about $100 each now. So if anyone still remembers their old username and signup email its worth a shot to contact them. I only had a couple coins and thought it was a long shot but I got a reply about my old account within a day and can access it now!

 

[obliguhl]

I think i've got a wallet with 10 bitcoins somewhere ..backuped...hopefully

That would be a net profit of 950$ ...not too shabby

 

[Red Eclipse]

Okay guys, in case you haven't read or heard about it:

Bitcoin exploded to $260USD/each, then crashed to 140USD/each, then rebounded to just under 170USD/each (as of midnight 4/10/2013) - all within 24 hours!



Entering the new year (Jan 1) BTC were 14USD each. They stayed pretty much the same in value all month, reaching 20USD per bitcoin on Feb 1. Come one month later, March 1, bitcoins have nearly doubled to reach 35USD/each.

sidenote: I've read speculation that in March a signifigant BTC boom happened, because of the Cyprus financial crisis (could you blame those folks if they did sink all their money into a decentralized currency?). This is entirely speculation, but it seems reasonable.

Bitcoin hits 100USD per coin on April 1. Continuing to climb over the next 10 days bitcoins reached the all-time high of 265USD per coin on April 10. Dropping to 140USD only 6 short hours later, and rebounding to end the night at 170USD per coin.




I need sleep so I'm already positive this is a mess of a post. I just wanted to share this in case any lucky members have a few dozens BTC (or have possibly been mining for years and can now retire ) I remember seeing them at 2USD per coin a few years back, and seeing them stay at $10 each for a long time after that.... hindsight is always 20/20, eh?


I've also read in regards to the crash that happened yesterday:

According to TechCrunch it is due to DDoS attacks on MtGox and BitStamp to force the prices down and causing people to sell. The attackers sell their btc first at the high price, DDoS to cause the price to drop and re-buy and wait for prices to go back up.