This a guest post from security researcherNicholas Weaver. Nicholas is a part of Berkley’s ICSIprogram and he’s here to tell you a bit about how broken bitcoin is and how you too can profit!.

OK, now I may be just be a simple country Hyper-Chicken, err Ph.D. security researcher, but I think by now I get something very important about Bitcoin: How to make money with Bitcoin. Now I’m also a lazy security researcher, so heck, lets reveal my super secret 10 step plan on how you too can make lots of money with Bitcoin.

Step 0:

You gotta move to Sochi. Now the Bitlievers like to claim that their digital Quatloos free them from the oppressive yoke of government imperialism, but at the same time they go screaming like little girls to the government to help them out if you steal too many of their Dunning-Krugerrands. So you gotta go to some country where the local language defines MLAT as “Tell the FBI to go fuck itself”. And although most of Russia is a frozen hellscape dominated by a shirtless, humorless tyrant, Sochi is, after enough billions of corruption, a nice place to live. Hey, they even have a F1 race.

Step 1:

Break into blockchain.info and all the other “web wallet” services. Oh, but wait, aren’t these companies run securely, with lots of venture capital money? Well, if you consider the VC fundedRNG Improvments[sic]to their code, do you think the rest of their security is much better? And breachCoinbase too while you’re at it…

Step 2:

Download all the saved web wallets. Now these wallets are all encrypted by the suckers users passwords but that just means most are protected with passwords only slightly more sophisticated than “123456”. So start throwing it at your password cracker. As a bonus, get everyone’s email addresses and download all the other password information. And get crackin…

Step 3:

In the meantime, its time to provide another “improvment” [sic] to Blockchain.info’s JavaScript. Just tweak things to leak passwords out to you. Something subtle, or blunt, or whatever. Just as long as it works. For some presumably humorous reason, the Bitcoin community somehow thinks that downloading JavaScript from a server to access your wallet is more “secure” than just having all your digital Latinum stored by someone else. So be sure to laugh manically as each password rolls in.

Step 4:

Wait. Patience is a virtue, young padawan. Until your improvments [sic] are noticed, they will continue to work, snagging all the suckers who somehow, despite believing in a decentralized digital Clams, insist on trusting centralized companies because “the market will eliminate bad actors” or some such Randite fantasy. I mean, the market eliminated bad exchange actor Mt. Gox pretty quick and they in turn eliminated over $500 million of bad bitcoin actors from bad customer actors too!

Step 5:

Once you are discovered, only then do you transfer all those virtual Cubits into your own accounts. Conveniently, the wallet service will tell you when you are discovered and should move the loot because well, they’re going to have to post a big announcement and remove your improvments [sic].

Step 6:

Join the throng on /r/bitcoin who mock those who lost their binary Ankh-Moorpork Dollars to your attack, because everyone knows you should only store your Bitcoins on your own computer. This computer must run a self-burned live linux distro and never be connected to the internet. In fact, make sure to glue the ethernet ports shut. Don’t forgetto include posts noting how the thief is performing a public service in this objectivist paradise by educating the victims on how computer security works.

Now this is all fine and good, but why stop there?

Step 7:

Start writing your malcode module that looks for Bitcoin wallets. This pretty little malicious program should copy both unencrypted and encrypted wallets. It should also add an improvment [sic] to any Bitcoin client it finds to once again tell you the password. Don’t want to actually write the infection routines? Well, there are services you can use, just find your friendly PPI service.

Step 8:

For each stolen wallet, if you crack it, don’t rob it. Well, not right away. After all, probably the best host based IDS is an unsecured Bitcoin wallet, and you don’t want word to get out too soon. Wait a little while. Meditate on the fragility of all things. And then, get impatient and rob em blind.

Step 9:

Join the throng on /r/bitcoin who mock those who lost their binary Ankh-Moorpork Dollars to your malcode, because everyone knows that you should only store your Bitcoins using a paper wallet. Once again, be sure to include posts noting how the thief is performing a public service in this objectivist paradise by educating the victims on how computer security works.

Step 10:

Enjoy life!

So there you have it, a 10, well, 11 step program to make lots of money in Bitcoin. Whatever, off by one error, who cares? Its not like such errors exist in the core protocol of Bitcoin (*cough* OP_CHECKMULTISIG *cough*).

You can thank me by contributing to 1BitcoinEaterAddressDontSendf59kuE.

You can also follow me on Twitter: @ncweaver

The post How to make money with Bitcoin in 10 easy steps appeared first on Buttcoin Foundation.

So more stuff on trying to cash out of bitcoins and how �simple� it is.

Virtex responded to my friends ticket, and said yesterday said that the transfer that was fucking requested on the 18th, was cleared. However today my friend�s bank has not received a anything. So he calls them and apparently they can�t deal with this over the phone and will only help him if he puts in a ticket. Even though he pointed out that it takes them a week to respond to tickets.

Also my friend decided to try and just sell 2 of his bitcoins on localbitcoins through their online escrow because apparently people keep telling him e-transfers are safe, because interac e-transfers cannot be reversed! So perfectly safe! Yesterday he accepted an e-transfer and was able to add the money to his account and release the escrow.

Then this morning apparently he was notified by his bank that his account and all associated cards are frozen, and he must come into his local branch and speak to someone. They apparently wouldn�t explain why over the phone. Apparently the person he spoke to had some idea of what bitcoins were (), and after explaining how he sold them. The guy apparently explained that:

– Selling stuff online and using e-transfer for payment apparently violates some part of interac�s terms of service.
– The e-transfer he accepted was fraudulent so it was reversed (i thought it wasn�t reversible!)
– His account is to be unfrozen but he is permanently banned from ever using e-transfers again

It is funny because all the �low� risk methods of selling on localbitcoins, are terrible that nobody really uses. I love how many people messaged me about how safe localbitcoins are.

Nobody here is shocked in the least. More about the local bitcoin sales and the trustworthy individuals involved with them:

Pretty much all the methods of payment on localbitcoins are ether unsafe, or terrible from what i can tell. The two exceptions are cash (we know how well that worked out), or a cash deposit (pretty massive pain in the ass), which both are pretty inconvient.

However localbitcoins lists some other payment methods, and ranks them on �low�, �medium�, or �high� risk. The low risk includes well known and �trustworthy� payment services like EGOPay, OkPay, and Perfect Money. Ironically there is also Western Union, a service which bitcoiners declared bitcoin will kill off. The funny part is, nobody uses the low risk payment methods really, because they are all a massive pain in the ass.

Pretty much all the people on Localbitcoins (and there really is not very many in Canada, less than 200 including people who have not logged on in a month), want you to use something like e-transfers, wire transfers, paypal, etc. Which are all not safe at all. Since one party can cry fraud and boom, you loose your money and they walk off with the bitcoins. Well obviously the best solution is to let your feedback/reputation dictate if your a scammer or not. I see this everywhere:

quote:
If your LocalBitcoins profile has less than 10 confirmed trades or at least 1 negative feedback then you must send/release Bitcoins first.

quote:
Unless you have a feedback rating of 10 or higher, coins will be sent to me first direct to my receiving address. If you have a feedback of 10 or higher then we may use the escrow system (although I will pay 0.5% more if you send it direct).

quote:
Because of our established credibility, if you have a feedback score below 10 we�ll require the BTC to be sent first, either directly to our receiving address or released via trade request.

�Fuck you pleb, escrow is only for us captains of the industry�

OKPay: Does Localbitcoins even know that OKPay does not allow people to use their service for selling crypto-currencies?

quote:
Please note that due to the card issuer bank restrictions OKPAY Card order and funding becomes impossible if you perform operations related with crypto-currencies or crypto-currencies exchange.

Our financial provider for GBP bank transfers restricts further usage of funds for purchasing or exchanging crypto-currencies.

Link

If you look around there is some nice whining from people that OKPay has cancelled and closed their accounts for selling bitcoins. But you know, its �low risk�.

Perfect Money: A virtual wallet service, that nobody seems to use. You need to make an account, get verified, get the money into your account, then wait 3-5 days for the transaction to be approved they also apparently do not allow you to withdraw all your money in one shot and you must keep a minimum balance of 300$ at all times. Also from what i can gather the only way to send money is by sending someone an e-voucher. There is no way to verify the value of an e-voucher, nor is there a way to reverse it. So of course this means that all the buyers want you to send them the bitcoins first then they will send you the voucher and not disappear. Apparently only 3 people on localbitcoins is willing to use this method.

Ego Pay: Some sort of virtual online wallet service. Requires you to become verified to withdraw money from there. Also there is some really sketchy stuff in their terms and conditions:

quote:
EgoPay reserves the right to terminate accounts that act as unauthorized e-currency exchangers and all of the related accounts.

Would selling bitcoin count as an e-currency exchanger? I don�t know i can�t find a single post about someone using EGOPay. However the single most stupid thing about Ego Pay is:

quote:
EgoPay account holders can withdraw funds from EgoPay by using Payza or e-currency exchangers. Times to complete a withdrawal may vary due to security reasons, please visit our FAQ for current information.

So let me get this straight, Ego Pay doesn�t even let you withdraw money to your bank account. You need to withdraw it to another FUCKING SITE? Don�t forget no fees*(only 2.5% for deposit/withdrawal).

So? Bitcoin -> Localbitcoins -> Ego Pay -> Payza -> Bank -> Fiat

Western Union: Aside from the fact that all of the buyers expect you to be responsible for 7% fee even though they are already paying you much less than the �actual� price (aka whatever exchange has the highest price, bitcoiners claim thats the value of bitcoins). There are only 38 users willing to buy, and only 18 of them have logged into localbitcoins in the last 7 days. Furthermore, some of the buyers will not deal with you for western union UNLESS you send them the coins FIRST. Aka no escrow.

quote:
Unless you have a feedback rating of 10 or higher, coins will be sent to me first direct to my receiving address. If you have a feedback of 10 or higher then we may use the escrow system (although I will pay 0.5% more if you send it direct).

I am sorry i simply cannot trust people on localbitcoins when the entirety of their forum consists of users crying about getting scammed, by people who are supposed to be reputable. I love how bitcoiners dance between �DONT TRUST ANYONE�, to �trust me with your 20,000$ exchange, i swear i won�t scam you cause i have a whole 20 feedback�.

Don�t you guys see how great and simple these �low� risk methods are? Honestly buying and selling bitcoin has never been easier.

Clearly LocalBitcoins could benefit from BitcoinTalk�s big red �SCAMMER� tags. That way you�d know not to send your bitcoins directly to someone�s receiving address before they consider paying you real money for them.

The post Easy Come, Easy Go appeared first on Buttcoin Foundation.

Launched on 14th October 2013 not much was known about this project only that its aim was to be a replacement for Silk Road and is run by a character known as �Metta Dread Pirate Roberts� who appears was not involved in the running of the old site but is building a new site in its image with same policy�s and features meaning no weapons, counterfeits or stolen goods. MettaDRP may have had access to Silk Road’s old DB or source code.

Well, our good pirate friend just made off with all the booty! Yarrrrrr!!

Thanks for the coins suckers! You’re on your own now.

I don’t know how these idiots keep falling for it again and again.

Don’t worry though, some anonymous internet tough guys are on the case!

This comment comes from the thread.

I know everything.

I know who you are. More specifically, I know your consumer IP address, your name, your age, and your place of birth. You have not configured your Tor correctly, by the way.

I was able to gain access to the server shortly after you put it up.

I know you used an Ubuntu machine running Apache 2.2.22 on port 4986, binded to 127.0.0.1. Binding to localhost doesn’t magically solve all your security problems, by the way.

I know you used an outdated version of phpMyAdmin to access the PBF database and perform searches and maintenance tasks. I know had set up a crontab to periodically curl�http://ajd4yqq7ngzmqo3p.onion/cron.php. I know you also set up testing scripts on multiple occasions, at�http://ajd4yqq7ngzmqo3p.onion/tt.php(PHPCoinAddress test) and�http://ajd4yqq7ngzmqo3p.onion/ttt.php�(pathetic code with a very insecure method of “tumbling” coins).

More importantly, I know you exported the “sr” database in phpMyAdmin right before the purge. And I know you backed up�www.tar.gz�to�http://ajd4yqq7ngzmqo3p.onion/www.tar.gz. Unfortunately for you, both of these dumps are in my possession.

I recorded all transfers you sent through the bitcoind RPC interface. I have not yet filtered these transactions but it should not be difficult.

Some of the addresses: – 1ABkVAMaLZZFZ4w4zWqTYZnLZBXTfYLKBh – 19YrMzTFJBBvDpv43Bi9nbTPewY7jLqdTK – 1PfDu6ki4XLd7TPBJjih6wY3yzyBaG1h6N – 15Bvuuzu4LtaDc5HKHzK4YCK8TqEftgRVR – 14YpbZ49oqq6pss28WJnjBvQDXhNSGrYXL – 1Ns3GvhgeP8uK6ht3xzZC64xUaZVwygX2y

The database dump I downloaded contains these tables: – orders – users – market – items – messages – navigation – wallets – feedback – bonds – bookmarks

You have 24 hours to respond to this post. If this post is deleted, I will take it personally.

I’m sure that IP will do a lot of good when you tell the cops that some dude stole your money from drug buying website. Chief Wiggum will get right on that!

The post Silk Road replacement “Project: Black Flag” closes up shop, owner thanks everyone for the free coins appeared first on Buttcoin Foundation.

The post Bitcoiners fall for yet another blatantly obvious scam appeared first on Buttcoin Foundation.

Our story’s hero pestered the guys at Liquid Nitrogen Overclocking about building a custom mining server, and they responded that they could build him something that provided 1.7 terahashes of bitcoin-mining waste. Of course, he wanted proof, and they gave him the run-around several times, responding with jargon, claims of NDAs, and even appearing to confuse gigahashes with gigahertz. All the while papamoi has been scouring the BitcoinTalk forums for chips, PCB designers, and other high-performance hardware, to no avail.

Our intrepid hero was put off, but then the Liquid Nitrogen Overclocking team said the magic word: “Google.” Apparently Google has been buying “super servers” from Ed Trice in Philadelphia, instead of major, well-known manufacturers such as Dell, HP, or IBM. Lured in by the promise of amazing Google-caliber hardware, papamoi continued, and was surely happy to find that Google was totally cool with the fellows at Liquid Nitrogen selling some pubbie their exclusively designed servers.

This all, of course, was very time-sensitive, because the required components were nearly out of stock. Eager to have his bitcon-spewing monster machines, papamoi sends $47,220.00 via wire transfer to Trice for not one, but two Google Bitcoin miners or whatever they are. Read through the email chain here, then let that sink in for a moment.

$47,220.00

A month later, in what is surely a surprise and not at all the expected result, nothing at all has been shipped and Ed Trice is non-communicative. At this point papamoi turns to the scam/accusations forum and they begin to try to dig up dirt. Poor papamoi confirms his suspicions (after sending someone nearly fifty thousand dollars) here:

We then learn that Trice is quite a busy scammer, and is not only ripping off gullible buttcoiners, but the chess community as well, along with other random suckers, and that papamoi was warned by those more sensible than himself that this reeks of scam. Bitcoin superstar Matthew N. Wright shows up and divulges some of Trice’s personal details, which are either incorrect or a stolen identity. After much gnashing of teeth, papamoi is finally convinced to actually contact police instead of relying on internet detectives to find and shame a scam artist into never scamming again.

Things continue to get interesting. People who had done work for or with Trice begin posting, explaining how they too had been ripped off, and how Trice is a shrieking egomaniacal sociopath who’s created personas, threatened various people, lied about virtually every aspect of his “business,” and taken out paid newspaper ads designed to look like legit stories.

We’re not done yet, however. Another user appears at the Bitcoin forums with the unlikely handle of�philly_cop_41320, and messages papamoi, claiming to be one Randall Smith, a cop in Philadelphia who has taken interest in this ridiculous case. To top it off, a mysterious unnamed businessman is offering a reward of $300,000 for information that leads to Trice’s conviction.

Of course there is no “Randall Smith” working for the Philly PD, and shortly after this is confirmed, “The_Authorities” arrives to attempt to slam Bitcoin (you should leave this to the professionals here at Buttcoin,) insult papamoi and other users, and totally act like he’s not Ed Trice.

And that’s the story so far. papamoi is still out $47,220.00. This is unlikely to change.

The post The Greatest Story Never Told appeared first on Buttcoin Foundation.

IT IS NOW THE BUTTGEM. WE WILL ONLY RELEASE IT FOR ONE MILLION COSBYCOINS, ASSOCIATION WITH KIM DOTCOM, AND ONE MOVIE THEATER SERVING 20 VARIETIES OF SODA AND SHOWING FAN-MADE EPISODES OF DISNEY’S “TALESPIN.”

IF YOU DO NOT MEET OUR DEMANDS, WE WILL DELETE THIS WALLET WITHOUT MAKING A BACKUP.

The post The Buttgem appeared first on Buttcoin Foundation.

• Sure, but it beats verifying all the transactions by hand like they did in the old days of quaint paper money, hahaha those poor bastards with their ”cash registers” and shillings and whatnot.
• I love this. People who try to make points like this against bitcoin don’t seem to realize how infantile cash and banking systems are in comparison.
• this is governments going OMG/WTF bitcoin is real–it’s a strong currency in the midst of our little currency war. All currencies are competing to devalue, simultaneously. BTC isn’t. This is like prohibition; as soon as inflation picks up, the masses will come.
• Using Xbox or PS3 to mine coins? Anybody tried this before? I know their GPU’s aren’t top of the line, but for people like me who don’t game much they could be going to much better use.
• I don’t think we are near the peak either. It’s fascinating to watch bitcoin grow, evolve and get its financial tentacles all over things.

• No government would want BTC. Why would they want BTC when they can print their own money as much as they want out of thin air?
• actually by the time BTC becomes the world currency, $80,000,000/BTC could be a tiny fraction of the worlds wealth. These $$ are printable with no limit.
• When I barter with my Bitcoin, I’m exchanging fair value for fair value.
• is there a site/service where a person could buy a Bitcoin Certificate of Deposit for x Bitcoins with y% interest over z months?
• wow I thought someone had paid a hooker in bitcoin….
• Let’s hear your ideas for plots and situations for a hollywood movie that are only relevant and made possible by Bitcoin.
• Every time you buy something online, ask if they accept bitcoin. If enough people do this, surely the businesses will start taking the hint.
• This is the best scam so far. That’s truly brilliant in its simplicity.
• I will be starting a company in the coming months that will be doing business with people throughout my city, particularly in the hoods. I see this as a great opportunity to get bitcoins into the hands (or computers/cell phones) of those that need them most.
• Can you direct deposit money directly to MtGox?
• I don’t know anyone else who uses them. I have a lot of friends who are vaguely interested, but when I start explaining how one obtains bitcoins, their eyes glaze over. The benefits of bitcoin over fiat currency are just not tangible enough for them to justify keeping a separate bitcoin wallet
• That new fangled Bitcoin magazine site looks great on my Android tablet.
• I think Bitcoin is a great match for making transactions online for a variety of reasons, and would love to explore how it could improve the reddit community. If you have any thoughts, advice, or ideas (e.g. tipping redditors, or perhaps betting on which stories will make the front page), I’d love to hear them!
• I don’t always read economic analysis. But when I do, I prefer to read it in magazines about computer networking.
• buy cars with bitcoin this is huge
• Writing is spelled wrong in the navigation. I will proofread the rest of your site for one bitcoin.
• Whats keeping prices down? 1st the triangel that has formed since the 17th of July, in which final stage we are (jump up or down immanent)
• Super. A few more hacks and controversies, and the price might get back down to 2 dollars again so I can buy in.
• Me and a person or two I know up in Fargo ND would be happy to order some guns for BTC.
• Do you realize, if you put $1000 in Facebook IPO and $1000 in Bitcoin on the same day, Facebook investment would be worth $550, while your Bitcoin investment would be $1780.
• Modern day deposit insurance is a moral hazard that only exists because the ability to print fiat from nothing exists.
• When a EMP from a nuke fries all the computers and magnetic media, all the bitcoins will be wiped out along with the currency of choice(If Bitcoins get adopted).
• there is about 5 billion ounces of gold above ground according to Wikipedia’s article on ‘gold’. And yes, that would translate to about 238 ounces of gold for every whole bitcoin.
• I would emphasize that bitcoin is a strong currency provided by an honest banking system. Strong currency because it cannot be inflated away. And its banking system only does accounting, and no gambling means it will never need a bailout. What is it backed by: The laws of supply and demand, and the laws of mathematics.
• Bitcoin will evolve and in 17 years nation states will all crumble as they are unable to justify their own existence any longer. The bizarre global civilization that will arise out of this will operate well with Bitcoin and only after the freedoms and benefits of a bitcoin based money society are fully realized will there ever be critical mass enough to take it to that whole nother level and do the pure mutual credit thing.
• If you consider just the US money supply alone, M2, which consists of currency and bank deposits, is approximately 10 trillion dollars. If Bitcoin were to replace Federal Reserve notes, one Bitcoin would be equivalent to $330,000.
• I’m scared because I believe I’m beginning to witness the collapse of the current dominant currency (USD), and the rise of a new one (Bitcoin).
• Bitcoin, the poor Americans offshore tax haven.
• Court upholding a Bitcoin contract could definitely affect demand, enhancing confidence in Bitcoin businesses.
• For a nanosecond, Bitcoin market capitalization was 9.65 quadrillion, 138 times world GDP!
• I’m perfectly happy exchanging bitcoins with individuals and spending my bitcoins to friends and coworkers when they buy my lunch with their shiat currency. If we all do this, eventually one of those friends will be a smart CEO (or small business owner) that wants his business to support it. Bitcoin is all about Network Effect.
• The price can only go up. Anyone buying into the market has to cash out at a higher price to make money and anyone with coins won’t want to push the price down. So unless someone comes along with many many coins and just wants to dump them on the market to devalue their own worth there are no factors currently to push the price down.
• PON-Z: the world’s first honest ponzi scheme. Using bitcoin.
• If you own Apple share, sell them and use the money to buy bitcoins.
• Lol, know any hookers that take BTC?
• I look at Bitcoin as not a currency, per se, but rather as a store of value.
• Fraud IS acceptable in bitcoin.
• Can somebody ask this Japanese giant robot manufacturer to accept Bitcoin donations?
• Bitcoin is the only object in the known universe with a known, verifiable, guaranteed, fixed supply.
• It is not a bubble, it’s an inverted correction from last year’s crash.
• If he pulls this off… it will be a Ponzi scheme that didn’t hurt its investors, probably the first. Probably will deserve a paragraph in the wikipedia article on Ponzi schemes.
• Bitcoinica is stealing from themselves to valuate the Bitcoin. Once people start hearing that Bitcoins are being stolen the perceived value of Bitcoin increases as people start to realize that Bitcoin is something worth stealing.
• guess i’m going to wait a week before buying more bitcoin.. shit’s gonna drop like a rollercoaster.
• I love the bitcoin community; every time the price goes up they cheer about how much more their investment’s worth, and every time it goes down again they cheer about how they can buy cheap bitcoins again. That kind of optimism is just heartwarming in today’s cynical world
• Is this the first Bitcoin bank bailout?
• My wife will be so happy when I show her all the bitcoins we will have. I invested all our money without telling her. When I first mentioned the trust fund, she said it was a ponzi and that if I ever sent pirate a bitcoin she would dissolve me in an Alkali Bath. Glad I will be proving her wrong.
• I actually see bitcoin as a commodity, fundamentally, with some currency-like properties. It exists in nature, just waiting to be found (mathematical keypairs) by anyone willing to put in the work, just like gold or oil.
• This guy has balls to rob a digital currency that can be used for assassinations from tech savvy people who know how to find him.
• How could reddit omit bitcoin as a payment option for their new fundraising?
• bitcoin will become the primary international reserve and trade currency. value of each bitcoin will be ~10oz gold each. additional decimal places will be added to support future microtransactions. the institution of central banking will become impotent to manipulate humanity any longer. nation states will fall. infrastructure and law and order will be financed by voluntary donation.
• Looks like total garbage. I’m curious to learn more.
• When the too-big-to-fail popcorns start popping, sudden price spikes, never to return. Remember that traders in TBTF banks have i) lots of their own cash; ii) they are watching bitcoin and they will jump in at some point; and iii) they’ll probably be scared of clawbacks.
• It’s not good for the bitcoin economy if a large fraction of the entire currency is held by thieves…
• Come to think of it, Bitcoin is actually the ideal money for ransom payments.
• Bitcoin is the new ‘small unmarked bills’ – except you don’t have to take the risk of physically picking up a dufflebag / briefcase.
• These thefts and scams are a symptom of Bitcoin’s success.
• At the end of the month I’ll be starting a new job that’ll pay me more than I need at the present so I’ll be saving most of the money. I am also thinking of exchanging a portion of the wage for Bitcoins every month.
• you should hold 15% gold, 25% silver and 60% bitcoins, all the way.
• I am planning to hold the bitcoin I own now for 5-10 years. They are part of my retirement plan!
• Bitcoin is already to the point where backing it with gold is meaningless. It has value. It has usefullness. It has unique properties, which are valuable.
• Bernanke bucks won’t be worth a confederate dollar in a few years.
• It’s based on math and rationality, not whim and arbitrary decisions.
• we all know that the mining of gold, silver, diamonds etc, has and will continue to couse a lot of misery for the people whose lands have been colonised/ invaded for these minerals. Plus the exploitation of miners, slave wages they are payed…just need to look at what’s happening in South Africa at the moment. So could we say that Bitcoin doesn’t have the taint of blood on its hands?
• faith in central banking and nationalism is a religion, and bitcoin strikes at the root of both
• everyone will have to have their keys encrypted and stenographied into a photo of their cat
• With no service level agreement, … you could say Bitcoin delivers 100% and be correct.
• Wife challenged me to explain Bitcoin while we’re having sex later tonight.
• Bitcoin is transmitted nerd to nerd its how we change world
• Why is it ok to say ‘Bitcoin is a haven for anonymous criminals’ when there is trillions of dollars of crime going unpunished with dollars?
• Anyone buying bitcoin below 5000 dollars will eventually be seen as an ‘early adopter’.
• Bitcoins are much sweeter than any candy so this will be my second year giving away bitcoins for halloween.
• Wonder how many coins were destroyed by the hurricane Sandy.

The post This is what Bitcoiners actually believe appeared first on Buttcoin Foundation.

The post Bruce Wagner ADMITS to the hacking of MyBitcoin.com appeared first on Buttcoin Foundation.

At least one guy is being pro-active about the sitution.

Looks like someone’s gonna get got.

Forums member c-rock can read between the lines though.

This is going to get real ugly real fast folks.

The post Users are revolting, want to find Mt. Gox owners to “sort something out”. appeared first on Buttcoin Foundation.

Wanna know where all those sell orders came from?

The post Today’s sell off was because of Mt. Gox hack appeared first on Buttcoin Foundation.