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You are here: Home / Open Threads / Open thread

Open thread

by DougJ|  February 26, 201412:42 pm| 131 Comments

This post is in: Open Threads

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Are all your Bitcoins safe?

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Previous Post: « Unlikely Things that Could Be True
Next Post: Kristallnacht Starts With Krylon »

Reader Interactions

131Comments

  1. 1.

    dmsilev

    February 26, 2014 at 12:43 pm

    I can state with absolute assurance that all zero of the Bitcoins I’ve ever bought are still in my possession.

  2. 2.

    Wag

    February 26, 2014 at 12:46 pm

    @dmsilev:

    You start with nothing, you end with nothing. What have you lost? Nothing!

  3. 3.

    Bob

    February 26, 2014 at 12:46 pm

    I don’t have to worry. I traded my bitcoins for unicorns.

  4. 4.

    Phylllis

    February 26, 2014 at 12:47 pm

    Buried in the backyard, just like my granddaddy who went through the depression taught me.

  5. 5.

    scav

    February 26, 2014 at 12:47 pm

    @dmsilev: Same here, and the sock they are stored in can multipurpose without wrinkles. Talented sock!

  6. 6.

    KG

    February 26, 2014 at 12:48 pm

    @Bob: I traded mine for booze.

  7. 7.

    Gex

    February 26, 2014 at 12:48 pm

    Thankfully, I put my entire retirement into dogecoins. Such value. Much security. Wow.

  8. 8.

    SatanicPanic

    February 26, 2014 at 12:48 pm

    @Bob: Unicorns are a scam if I ever saw one.

  9. 9.

    PaulW

    February 26, 2014 at 12:48 pm

    Well I buried all these gold coins out in the woods somewhere in California and… and… well damn it all.

  10. 10.

    a hip hop artist from Idaho (fka Bella Q)

    February 26, 2014 at 12:48 pm

    All your bitcoin are belong to us.

  11. 11.

    Villago Delenda Est

    February 26, 2014 at 12:50 pm

    My bitcoins are perfectly safe.

    In precisely the same sense as dmsilev’s.

    BTW, this idiot is clapping wildly in hopes that Tinkerbell may yet live.

  12. 12.

    MomSense

    February 26, 2014 at 12:50 pm

    I’ve got 99 coins and a bit ain’t one.

  13. 13.

    WereBear

    February 26, 2014 at 12:51 pm

    I’m in yer base, stealing yer bitcoins.

  14. 14.

    Bob

    February 26, 2014 at 12:51 pm

    @KG: My liquor store, Back Door Liquor Store, does not accept bitcoin. You are lucky.

  15. 15.

    ericblair

    February 26, 2014 at 12:51 pm

    Bitcoins, hah. I bury my millions in GOOOLLLDDD coins under a tree, where it’s safe! Oh, wait.

    ETA: PaulW got there first. Either great minds think alike or fools seldom differ, one of them, anyway.

  16. 16.

    scav

    February 26, 2014 at 12:51 pm

    Once Bitcoined, Twice shy.

  17. 17.

    WereBear

    February 26, 2014 at 12:53 pm

    In other news, my mother has moved into her senior apartment and can get her dog back!

    Her little Papillion, Bentley, has been separated as her living situation fluctuated and she gave him to friends with a Chihuahua. But on a recent visit he demonstrated that he missed her, too, so they will be reunited soon!

    I’m so happy. She is nuts about this dog; well, to know him is to love him. For instance, she raised him up here in the North and so got him some boots and an overcoat.

    Even after she moved back to Florida, he so loved the attention he got from his outfits that he refused to go on walks unless he is properly dressed.

    I’m thrilled for her!

  18. 18.

    Gex

    February 26, 2014 at 12:54 pm

    @Villago Delenda Est:

    We are building a new financial order, and those of us building it, investing in it, and growing it, will pay the price of bringing it to the world. This is the harsh truth. We are building the channels, the bridges, and the towers of tomorrow’s finance, and we put ourselves at risk in doing so.

    Oh my God, the self important martyr complex. It makes me want to vomit.

    @WereBear: Oh, that’s great news! I’m so happy she’s getting settled in a new place and even happier she and her pup are soon to be reunited.

  19. 19.

    Bob

    February 26, 2014 at 12:54 pm

    @SatanicPanic: If you ever saw one you wouldn’t say that.

  20. 20.

    max

    February 26, 2014 at 12:54 pm

    @ericblair: I bury my millions in GOOOLLLDDD coins under a tree, where it’s safe!

    I stored all my BITCOOOOOOOOOOOIIIIIIINNNNNNNNNNNNS in my virtual safe at /dev/null. No one will ever find them.

    max
    [‘Bitcoins are made of Soylent Green.’]

  21. 21.

    Mnemosyne

    February 26, 2014 at 12:56 pm

    G insisted on reading this comment from Metafilter to me this morning:

    This is actually quite excellent for Bitcoin. The Bitcoin gods have spoken, and in so speaking that they opened their cavernous maws and swallowed the heretics whole. The collapse of the idiot false god Gox Mountain was not a disaster, but actually a day of reckoning. For it was ever a sin to have ever even considered to exchange glorious divine Bitcoin for filthy pig disgusting fiat currency.

    Bitcoin does not exist for your mere “use”. Bitcoin does not exist for you to pay rent or your bills or to pay taxes. No, just like the pets I pretend to adopt, Bitcoin exists only to be harvested. For you see, Bitcoin has attained a perfection beyond that of human mathematics. The mere human faculties of reason cannot comprehend the beauty of its geometry.

    When my mother screeches through the floorboards that I must get a “real job”, I simply shake my massive, spherical head and chuckle. It is all I can do to not honk back, basso profundo, that I am a real job now. For I am no longer a human. I have actually become the very task of harvesting Bitcoin.

    However, I no longer actually say this to her, because then she says, “well, if you’re not a human, then I guess I can turn this back into a rec room and you can forget about having space in the fridge”, and then I’m like whatever, so instead nowadays I just draw a picture of her and write “IS MEAN” underneath.

    And so I soldier on, with my sacred mission, harvesting Bitcoin.

    At night, when it is cold and lonely, except where I live because my mining rigs actually produce so much heat that I have gone to the hospital with heat stroke, I sometimes wonder what Bitcoin has in store for me. But then I remember that that, too, is a sin, for to wonder is to doubt.

    It is not enough that I still believe in Bitcoin. I must become that belief. I must become that which would no longer exist, if Bitcoin were to no longer exist.

    I am very close now.

    And with each new massive failure of Bitcoin to reliably serve any practical purpose, I am almost there.
    posted by Sticherbeast at 5:20 AM on February 25 [122 favorites]

  22. 22.

    Mnemosyne

    February 26, 2014 at 12:57 pm

    Also, an oral history of Ghostbusters (from Esquire).

  23. 23.

    max

    February 26, 2014 at 12:57 pm

    Oh my God, the self important martyr complex. It makes me want to vomit.

    That’s not the best part. This is!

    And finally, the lesson is not that we ought to seek out “regulation” to save us from the evils and incompetence of man. For the regulators are men too, and wield the very same evil and incompetence, only enshrined in an authority from which it can wreak amplified and far more insidious destruction. Let us not retreat from our rising platform only to cower back underneath the deranged machinations of Leviathan.

    Leviathan!

    max
    [‘I’d hate to see that guy during a Mac/PC flame war.’]

  24. 24.

    Villago Delenda Est

    February 26, 2014 at 12:57 pm

    @scav:

    Fool me once, shame on, shame on you. Fool me, you can’t get fooled again.

  25. 25.

    dmsilev

    February 26, 2014 at 12:58 pm

    @Villago Delenda Est:

    So shake it off, brothers, for this won’t be the last calamity endured before the win.
    Tonight, my heart is with you all.
    Tomorrow, my head is down. My eyes are open. And I am building.
    Toward peace and freedom,

    ” As a young boy, I dreamed of being a baseball; but tonight I say, we must move forward, not backward; upward, not forward; and always twirling, twirling, twirling towards freedom! “

  26. 26.

    ruemara

    February 26, 2014 at 12:58 pm

    @MomSense: win.

    Heard enough today from the pre-defeated for conservative convenience thread below. No wonder we can’t hold Jack shit together.

  27. 27.

    dmsilev

    February 26, 2014 at 1:00 pm

    @Mnemosyne:

    This is actually quite excellent for Bitcoin.

    Mark Halperin lives! Unfortunately.

  28. 28.

    Belafon

    February 26, 2014 at 1:00 pm

    Do you think newmax can come up with a new liberal conspiracy when Son of God is not a box office smash?

  29. 29.

    schrodinger's cat

    February 26, 2014 at 1:01 pm

    All your bitcoins are belonging to this kitten.

  30. 30.

    Cervantes

    February 26, 2014 at 1:01 pm

    Louie Gohmert on the radio today:

    How have we gotten so far afield from the Constitution that we say — Well, if you’re not willing to embrace the liberal beliefs that we have, then your religious beliefs are not protected. It doesn’t say that in the First Amendment — it avoids the establishment of a religion. Well, some are establishing the religion of secularism and everybody else’s religion has just got to basically go to blazes.

    About SB 1062 in Arizona, obviously.

  31. 31.

    Sloegin

    February 26, 2014 at 1:02 pm

    Don’t ask me that question! I’m off to the dentist today.

  32. 32.

    Villago Delenda Est

    February 26, 2014 at 1:02 pm

    @max:

    The only response to stupidity like this I can think of off the top of my head is Madison’s observation that there would be no need for government if men were angels.

  33. 33.

    Omnes Omnibus

    February 26, 2014 at 1:03 pm

    FWIW mclaren really seemed to see real possibilities for bitcoins during yesterday’s thread.

  34. 34.

    Villago Delenda Est

    February 26, 2014 at 1:04 pm

    @Belafon:

    I’m just looking forward to their abject silence when the second week is a huge letdown from the first week.

  35. 35.

    SatanicPanic

    February 26, 2014 at 1:04 pm

    @Gex: Look on the bright side- a person with a martyr complex usually is suffering from something.

  36. 36.

    Villago Delenda Est

    February 26, 2014 at 1:05 pm

    @Cervantes:

    Do you think Louie means the liberal beliefs of those commies like Jefferson and Madison?

  37. 37.

    flukebucket

    February 26, 2014 at 1:05 pm

    @Mnemosyne: By God that was wonderful. Thank you so much for the best laugh I have had in a long, long time.

  38. 38.

    Fuzzy

    February 26, 2014 at 1:07 pm

    My dog ate the bitcoins…now what? do I micro strain dogshit.

  39. 39.

    Baud

    February 26, 2014 at 1:08 pm

    @Omnes Omnibus:

    The tech could survive and be incorporated into the financial system. The libertarian gloss on bitcoins is dead, however.

    ETA: kind of like Napster.

  40. 40.

    ericblair

    February 26, 2014 at 1:09 pm

    @Gex:

    Oh my God, the self important martyr complex. It makes me want to vomit.

    I’m wondering whether Andreessen has actually doubled down on the libertoonianism or is talking his book and trying to get out. One of the interesting things about bitcoin is how massively sensitive it is to good and bad publicity, so if I had to unload it and had a media megaphone I’d be talking that sucker up to the heavens while hitting the big red SELL button.

    I wonder if he’s been filing his FinCEN forms and declaring capital gains concerning his bitcoin holdings. Actually, I don’t really.

  41. 41.

    Citizen_X

    February 26, 2014 at 1:09 pm

    @dmsilev: There’s a whole rousing King Harry/St. Crispin’s Day speech about the Bitcoin Faithful that remains to be written, but I have not the talent nor the bullshit-shoveling tolerance to do so.

  42. 42.

    NonyNony

    February 26, 2014 at 1:10 pm

    @Villago Delenda Est:

    BTW, this idiot is clapping wildly in hopes that Tinkerbell may yet live.

    I read that and thought “my Grod, I wish that I had fewer scruples”.

    Because that article is basically scrawling “IMA SUCKER” in crayon all over the Internet, and it makes me wish that I had the lack of conscience to be able to run a long con against these guys.

  43. 43.

    ShadeTail

    February 26, 2014 at 1:10 pm

    I swear to non-existant god, there is actually a billboard near my house that advertises bitcoin. It is a plain white background with blue text that says: “Bitcoin is the honey badger of currency.” And above the text is a blue picture of the animal in question.

    And every time I see it, I can only roll my eyes at how incredibly stupid it is to assume that more than a tiny percentage of the motorists passing by will have any idea what that tangle of obnoxious internet memes even means.

  44. 44.

    Gex

    February 26, 2014 at 1:11 pm

    @max: So basically he denies the value of layered security. Yes, regulations are written and implemented by humans. Much like the entire bitcoin system. Let’s just not have layers of security because we’re pretty sure humans can achieve perfection at one level, just not the other.

    The stupid, it burns. I hope he keeps on losing piles of money. Some people just can’t learn by using their brain. They require hard earned painful personal experiences.

  45. 45.

    NonyNony

    February 26, 2014 at 1:13 pm

    @ericblair:

    One of the interesting things about bitcoin is how massively sensitive it is to good and bad publicity, so if I had to unload it and had a media megaphone I’d be talking that sucker up to the heavens while hitting the big red SELL button.

    Ah yes, the old Pump and Dump maneuver.

    Always a good one. Works really well in unregulated markets – for a while. You just have to make sure that you dump before the bubble bursts.

  46. 46.

    Citizen_X

    February 26, 2014 at 1:14 pm

    @Omnes Omnibus:

    FWIW mclaren really seemed to see real possibilities for bitcoins during yesterday’s thread.

    Yes, well, she does see things, doesn’t she?

  47. 47.

    Mnemosyne

    February 26, 2014 at 1:15 pm

    @Citizen_X:

    I think the Metafilter comment I put at #21 comes pretty close, though just enough snark comes through that it may not be deadpan enough for what you’re thinking.

  48. 48.

    AliceBlue

    February 26, 2014 at 1:16 pm

    @Villago Delenda Est:
    But think how proud John Galt would be!

    (Seriously did he write this or was it pilfered from one of Ayn Rand’s books?)

  49. 49.

    Cervantes

    February 26, 2014 at 1:19 pm

    @Villago Delenda Est:

    Do you think Louie means the liberal beliefs of those commies like Jefferson and Madison?

    Laugh all you want but, unlike the Attorney General of the United States, I will not cast aspersions on Louie Gohmert’s asparagus:

    Gohmert’s Congressional Hope for Uniform Recognition of Christian Heritage (CHURCH) Act of 2009 will direct the Architect of the Capitol to procure a historical plaque for display in National Statuary Hall to recognize the seven decades of Christian church services that were held in the Capitol from 1800 to 1868. Participants of this historical tradition include President Thomas Jefferson, who within a year of his inauguration began attending church services in the U.S. House Chamber, and President James Madison, who carried on the practice by holding Christian church services in the halls of State during his administration.

    So there.

  50. 50.

    Scamp Dog

    February 26, 2014 at 1:20 pm

    I spent almost all of my bitcoins on wine, women and song. The rest,I wasted.

  51. 51.

    Hungry Joe

    February 26, 2014 at 1:21 pm

    “If they dare to come out in the open field and defend the bitcoin standard as a good thing, we shall fight them to the uttermost, having behind us the producing masses of the nation and the world. Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands for a bitcoin standard by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of bitcoin.”

    — William Jennings Bryan (Sort of.)

  52. 52.

    PaulW

    February 26, 2014 at 1:22 pm

    @ericblair:

    ETA: PaulW got there first. Either great minds think alike or fools seldom differ, one of them, anyway.

    Nah, it was just too easy a target.

  53. 53.

    PaulW

    February 26, 2014 at 1:23 pm

    @Hungry Joe:

    Should have something in there about “mining”. It’s the one thing about bitcoin that smells the worst to me like a scam.

  54. 54.

    FlipYrWhig

    February 26, 2014 at 1:23 pm

    @Gex: @max: Where do they learn that style? It’s like Watchmen mashed up with Conan the Barbarian. And they all use it.

  55. 55.

    a hip hop artist from Idaho (fka Bella Q)

    February 26, 2014 at 1:23 pm

    @Belafon: How many theaters have been night out for it? There’s a new 13 screen joint near a megachurch that will show nothing but that film tomorrow until 10PM. They won’t say who bought it; megachurch says “not us.”

  56. 56.

    Villago Delenda Est

    February 26, 2014 at 1:24 pm

    @Scamp Dog:

    The rest,I wasted.

    Yeah, that Rmoney ambassadorship failed to materialize, didn’t it?

  57. 57.

    Villago Delenda Est

    February 26, 2014 at 1:25 pm

    @a hip hop artist from Idaho (fka Bella Q):

    SOMEONE is trying to jink the box office like they do the best seller lists.

  58. 58.

    KG

    February 26, 2014 at 1:25 pm

    @Scamp Dog: you sir, you are my hero

  59. 59.

    Hawes

    February 26, 2014 at 1:26 pm

    I suddenly had an image of a Nazi Laurence Olivier bending over me with a dental drill….

  60. 60.

    dmsilev

    February 26, 2014 at 1:28 pm

    @Citizen_X: Or, from a slightly less vaunted literary tradition, “Bitcoiners! Tonight, we mine in HELL!”

  61. 61.

    cleek

    February 26, 2014 at 1:30 pm

    the dingo ate my bitcoins

  62. 62.

    dmsilev

    February 26, 2014 at 1:32 pm

    @ShadeTail: I think what that billboard proves is that somewhere in your area, there is someone who is really really good at selling billboard space.

  63. 63.

    Mandalay

    February 26, 2014 at 1:32 pm

    I’m not remotely arguing that this woman “deserved it” or “asked for it”, but I do question the wisdom of wearing google glasses in a dive bar…

    A woman says she was assaulted for wearing Google Glass at a San Francisco bar on Friday evening, the latest in a series of confrontations that belie the city’s longstanding reputation for tolerance.

    On her Facebook page, Sarah Slocum, contributing editor at social news site Newsdad and resident of San Mateo, Calif., wrote that she was verbally and physically assaulted and robbed “because of some wanker Google Glass haters.” She claims one of her assailants, a man, grabbed her Glass from her face and ran outside and that his friends stole her purse, wallet, and cellphone. She says she recovered her Glass but has not found her other possessions.

    A San Francisco Police Department spokesman confirmed that a police report about the incident has been filed and is under investigation. The woman got into an argument with three individuals, the spokesman said, adding “The argument was over the suspects’ belief that the woman was taping them without consent.”

    At least some of the time during the altercation, Slocum was doing just that. According to KPIX, Slocum said her Glass contains video of the man she says tore the device from her head.

    In a Facebook post, Slocum said she began taping only after the confrontation began. “I wasn’t even videotaping until I felt threatened after the one girl turned around and gave me the bird for no reason,” she explained.

    Glass does not display a red light when it is recording like some video devices, but Google says that Glass was designed with explicit signals to indicate when video recording has been initiated (a gesture or a voice command) and when recording is active (an illuminated screen).

    The police spokesman said he believes Slocum planned to provide some video to investigators. He said he didn’t know whether the investigators have received the video or have been able to identify anyone in the video.

    Slocum did not immediately respond to a request for an interview.

    The incident occurred at Molotov’s, a “dive bar” in San Francisco’s Lower Haight neighborhood, and several people commenting on Slocum’s Facebook posts blame her for the assault or question her account of that evening’s events.

  64. 64.

    Jibeaux

    February 26, 2014 at 1:33 pm

    I’m sure the free market will clear it all up any day now.

  65. 65.

    Patricia Kayden

    February 26, 2014 at 1:34 pm

    @Mnemosyne: Hilarious! Wonder if the Bitcoiners will get the joke.

  66. 66.

    PaulW

    February 26, 2014 at 1:35 pm

    When people buy my ebooks, I insist on it being done with credit cards and not bitcoin.

  67. 67.

    Villago Delenda Est

    February 26, 2014 at 1:36 pm

    @Mandalay:

    The lesson here is to smash the Google Glasses in the process, so that there is no video record, at least from that source. Sort of like the SYG scenario that the best way to invoke it is to kill the other party so that you’re the only one alive to testify in court.

    How these clowns intend to prevent everyone else in the immediate area from visually documenting their actions I leave to the imagination of the reader.

  68. 68.

    Patricia Kayden

    February 26, 2014 at 1:38 pm

    @Mandalay: She shouldn’t have been assaulted or robbed but I can see people being upset at someone wearing Google Glass in their presence. Feeds into the “we’re being watched” paranoia.

  69. 69.

    Gex

    February 26, 2014 at 1:38 pm

    What is the LD50 for schadenfreude? I’m getting concerned about my health and safety.

  70. 70.

    jl

    February 26, 2014 at 1:39 pm

    I’ll be out back, working on my bitcoin mining rig. She’s a beaut.

    http://www.bitcoinminingrigs.com/

    Via commenter PPOG Penguin’s link
    https://balloon-juice.com/2014/02/25/bitcoin-primer/#comment-4889308

  71. 71.

    Villago Delenda Est

    February 26, 2014 at 1:39 pm

    @Patricia Kayden:

    Well, If one is afraid of being watched, then the solution is obviously to gouge out the eyes of any bystanders.

  72. 72.

    Soonergrunt

    February 26, 2014 at 1:40 pm

    @Omnes Omnibus: That’s not exactly recommending Bitcoins, you know.

  73. 73.

    ronin122

    February 26, 2014 at 1:41 pm

    Obviously not a big deal to us but it’s a sign of the times when educational videos has clearly LGBT characters (in this case anthropomorphic eyes and onions) and is nonchalant about it. Just thought how it’d be a huge “wtf” moment just a decade ago.

    (Note, it’s a 4 minute TED-ED talk).

  74. 74.

    Belafon

    February 26, 2014 at 1:44 pm

    @Villago Delenda Est: They’re afraid of being recorded. What happens in Vegas the dive bar is supposed to remain in Vegas the dive bar.

  75. 75.

    Mike in NC

    February 26, 2014 at 1:45 pm

    If the Government wants my bitcoins, it’ll have to pry them from my cold dead fingers.

  76. 76.

    FormerSwingVoter

    February 26, 2014 at 1:46 pm

    Are all your Bitcoins safe?

    It’s almost as if a website that began as a place to sell Magic: The Gathering cards isn’t a good place to store your life savings. Who knew?

    (For those wondering: true story. MTGOX used to stand for “Magic: The Gathering Online eXchange”.)

  77. 77.

    Villago Delenda Est

    February 26, 2014 at 1:47 pm

    @Belafon:

    That PI that was hired by the husband of one of the women to find out what she’s up to on “girls’ night out” will make the report with or without a video record.

    So the only real solution is to gouge out eyes.

  78. 78.

    ShadeTail

    February 26, 2014 at 1:47 pm

    @dmsilev: That, and also a supply of internet-addicted glibertarians. Given where I live (San Jose, CA), I KNOW that group is well represented. But they’re still only the tiniest portion of motorists who will notice that billboard. This is a much more, shall we say, technologically diverse region than most people realize.

  79. 79.

    Gex

    February 26, 2014 at 1:49 pm

    In the bitcoin subreddit there are people who are welcoming the fact that Japanese and American authorities are thinking of looking into Mt. Gox.

    This is utter bullshit. They don’t want government to get any piece of the action, have any say over the rules of operation (to mitigate these risks), but the foot the costs of anything that goes wrong and make sure these folks are made right?

    Oh hell no. These guys were too good to work with “the collective” these guys can fix this individually.

  80. 80.

    Villago Delenda Est

    February 26, 2014 at 1:49 pm

    @ShadeTail:

    IT glibertarians are my favorites: they’d have no vocation if it wasn’t for the evil government creating the entire IT sector from WWII on.

  81. 81.

    Villago Delenda Est

    February 26, 2014 at 1:51 pm

    @Gex:

    This is always the case with these assholes. Privatize the profit, socialize the risk.

    These maggots should all be put up against the wall, and their estates billed for the costs involved.

  82. 82.

    SatanicPanic

    February 26, 2014 at 1:54 pm

    @Belafon: You can just imagine what Google Glass will do on the face of some creeper. It’s highly irresponsible for Google not to put a big red light on it showing that it’s recorded. Should be a law against that.

  83. 83.

    Amir Khalid

    February 26, 2014 at 1:54 pm

    The whole Bitcoin affair, it doth seem to me, rather resembles the attempt to levitate the Pentagon, 47 years ago. Only instead of satirising the absurdity of the Vietnam war with an absurd stunt, the Bitcoiners set out to create real money and real wealth out of nothing, basically by saying “Abracadabra: Bitcoins!” and asserting their value. Or in more prosaic terms, creating a bubble, where bunch of people fooled themselves that they had made their fortunes by inventing/getting in early on a new kind of Intertoobs-age money

    I admire those who have the patience and the tech savvy, which I lack, to analyse the Bitcoiners’ mysterious incantations and rituals. I’m sure they’re going to be fascinating. I hope a book comes out about this, because I plan to read it.

  84. 84.

    catclub

    February 26, 2014 at 1:56 pm

    If I heard correctly, Mt Gox basically violated the protocol – wait for the confirmation of a transaction
    by all the miners – and replaced it with a quickie receipt – for ease of use. And got burned by it.

    If people learn not to violate the security protocol then Bitcoin might have a better chance of working without this particular mode of failure.

  85. 85.

    Ben Franklin

    February 26, 2014 at 1:57 pm

    Don’t see headliners but maybe discussed in comments.

    Greenwald;

    “Among the core self-identified purposes of JTRIG are two tactics: (1) to inject all sorts of false material onto the internet in order to destroy the reputation of its targets; and (2) to use social sciences and other techniques to manipulate online discourse and activism to generate outcomes it considers desirable. To see how extremist these programs are, just consider the tactics they boast of using to achieve those ends: “false flag operations” (posting material to the internet and falsely attributing it to someone else), fake victim blog posts (pretending to be a victim of the individual whose reputation they want to destroy), and posting “negative information” on various forums. Here is one illustrative list of tactics from the latest GCHQ document we’re publishing today:”

    https://firstlook.org/theintercept/2014/02/24/jtrig-manipulation/

  86. 86.

    Mnemosyne

    February 26, 2014 at 1:59 pm

    @Belafon:

    Maybe they thought she was from the NSA (or, more likely SFPD).

  87. 87.

    Gex

    February 26, 2014 at 2:00 pm

    Actual post title on the bitcoin subreddit: “I have trained my ferret to memorize a 256 character numeric string. On command he’ll take a pen and scribble it down on a piece of paper. Is this a safe way to store bitcoins?”

    Ha ha ha ha! I’m serious about that LD50 for schadenfreude question. This could kill me.

  88. 88.

    Belafon

    February 26, 2014 at 2:00 pm

    @SatanicPanic: They’d have to do something like make the frames red. Anything less could be disabled pretty easily.

  89. 89.

    catclub

    February 26, 2014 at 2:01 pm

    @Ben Franklin: Your post is not possible. I just saw in Zerohedge that discussions of it are being silenced on reddit.

  90. 90.

    Villago Delenda Est

    February 26, 2014 at 2:03 pm

    @Ben Franklin:

    OK, so Greenwald’s in trouble now. He’s infringing on Alex Jones’ turf!

  91. 91.

    Amir Khalid

    February 26, 2014 at 2:03 pm

    @catclub:
    Then again, if Bitcoin’s security protocol is so easily violated, and with such disastrous consequences for the value of holdings in Bitcoin, then you’ve got an irrefutable argument right there against ever using Bitcoin.

  92. 92.

    Belafon

    February 26, 2014 at 2:04 pm

    @Ben Franklin: And since that’s no different than the way the internet has worked since the first scientist started whining about his coworker getting all the credit, we can either conclude that 1) everyone works for the government, or 2) GG has decided that the McCarthy route would be an awesome way to go.

  93. 93.

    NonyNony

    February 26, 2014 at 2:04 pm

    @catclub:

    If people learn not to violate the security protocol then Bitcoin might have a better chance of working without this particular mode of failure.

    No, they’ll just have a different mode of failure next time.

    Like forgetting the basic coding advice your CS 101 instructors gave you, so you can have your very own #gotofail trending on Twitter!

    (I maintain that the real problems with Bitcoin are psychological, not technological. But the since people build the systems, and people are fallible beings, that things built by fallible beings cannot be proven to be infallible, I don’t think it takes Socrates to figure out why Bitcoin like systems that try to do it all without oversight are, well, doomed to be nothing but the province of con artists…)

  94. 94.

    Cervantes

    February 26, 2014 at 2:06 pm

    @Amir Khalid: Re levitating the Pentagon, you might be interested in this.

  95. 95.

    jl

    February 26, 2014 at 2:06 pm

    @catclub:

    ” If people learn not to violate the security protocol then Bitcoin might have a better chance of working without this particular mode of failure. ”

    That is the source of much libertarian rage against the manchine, er.. I mean real people, or maybe the real world: If only people acted rationally, if only they followed the protocol, if only they used the algorithms as intended.

    Well, bitcoin wants to be money, and one of the functions of money is a medium of exchange, and any self-respecting medium of exchange executes a transaction asap upon demand. Bitcoin has some issues with that, as the hapless would-be-transactor waits around for minutes (or hours, or a day?) for enough miners to get around to working on verifying the transaction.

  96. 96.

    Jim C

    February 26, 2014 at 2:07 pm

    I thought Mt Gox was where they kept all the yellow gox box socks.

  97. 97.

    Villago Delenda Est

    February 26, 2014 at 2:07 pm

    @NonyNony:

    It’s a lot like spam. Some people think that the solution to spam is technological, but I’ve known better from the start, back in the mid-90’s, when I was into the anti-spam community. It’s a social issue, technology can only hope to mitigate it somewhat, the real problem is that people are people and don’t think things through, or think they can get away with something, or never ask if they should do something, only know that they can do something.

  98. 98.

    Villago Delenda Est

    February 26, 2014 at 2:08 pm

    @Jim C:

    Would you, could you, with a fox? Would you, could you in a box?

  99. 99.

    Gex

    February 26, 2014 at 2:08 pm

    @Amir Khalid: So if people never take short cuts or screw up the system is completely reliable. And that’s before you take into consideration any incentives people might have to “screw up” for personal gain. Do they know where these bitcoins ended up? Maybe the guys from Office Space finally installed the right virus to siphon of some money and retire early.

  100. 100.

    Cervantes

    February 26, 2014 at 2:09 pm

    @Belafon:

    And since that’s no different than the way the internet has worked since the first scientist started whining about his coworker getting all the credit

    What does this premise mean?

  101. 101.

    catclub

    February 26, 2014 at 2:09 pm

    @NonyNony: “No, they’ll just have a different mode of failure next time. ”

    That is why I wrote it that way. Plenty of wiggle room.

  102. 102.

    scav

    February 26, 2014 at 2:13 pm

    @Ben Franklin: There are untruths on the Interwebs! Forsooth! Yea, verily, for we have entered into a time where the governments of the world and other people of reputation are found to disseminate statements lacking in verity, a situation hitherunto never before experienced. Let us sit upon the ground and ululate for the endtimes must surely be thereunto exhibited.

  103. 103.

    catclub

    February 26, 2014 at 2:14 pm

    @jl: “any self-respecting medium of exchange executes a transaction asap upon demand.”

    Don’t tell that to my wife. The banks take three days to transfer money via internet bank transfer.
    Write a check and deposit takes less – but they could take three if they wanted to.
    The banks will change this when the government forces them to do so.

    ETA: Maybe the banks are using bitcoin protocols and 386 computers to verify!

  104. 104.

    Belafon

    February 26, 2014 at 2:15 pm

    @Cervantes: In the wayback, early 1960s, when the internet consisted of a few university computers connected to each other in order to share information, I’m just imagining that some disgruntled scientist started writing crap about his successful coworker. The point being that lies and distortions have been put on the internet since forever. It happened when I was in college at my first attempt in the 80s.

  105. 105.

    Ben Franklin

    February 26, 2014 at 2:18 pm

    @scav:

    Yet another JTRIG sock-puppet? Thanks for the covert verifications

  106. 106.

    jl

    February 26, 2014 at 2:18 pm

    @catclub: Yes, you are correct, and I thought about that after I posted my comment,. Some of us lesser people have to wait days for retail banks to complete a transfer of funds. But even there, you initiate the record the transfer instantaneously, and it is done, the ban is obligated to complete the transfer or transaction, which is more than you can say about bitcoin.

  107. 107.

    Villago Delenda Est

    February 26, 2014 at 2:20 pm

    @Ben Franklin:

    Thank you for validating the notion that you’re paranoid.

  108. 108.

    jl

    February 26, 2014 at 2:21 pm

    @Ben Franklin:

    ” Yet another JTRIG sock-puppet? ”

    Me too! I work for bitcoin! Now excuse me, I am going to upload myself into cyberspace for awhile to count my fortune.

    Edit: for my next assignment, I’m asking for small denomination gold bullion.

  109. 109.

    scav

    February 26, 2014 at 2:23 pm

    @Villago Delenda Est: My sock is full of bitcoins in this very thread, I’m not sure what else BF is imagining in there. I said it was talented, not that it was a Tardis.

  110. 110.

    Citizen_X

    February 26, 2014 at 2:24 pm

    @Ben Franklin: Shock Horror! There are govt. trolls!

    A condition I find a lot less threatening than govt. hackers.

  111. 111.

    Ben Franklin

    February 26, 2014 at 2:27 pm

    I hear a lot of whistling through the graveyard, but crickets are singing louder.

  112. 112.

    NonyNony

    February 26, 2014 at 2:27 pm

    @Jim C:

    I thought Mt Gox was where they kept all the yellow gox box socks.

    And when two bitcoins battle in a bottle it’s a bitcoin bottle battle.

    And when two bitcoins battle in a bottle on the back of a poodle eating noodles it’s a bitcoin poodle noodle bottle battle!

  113. 113.

    NonyNony

    February 26, 2014 at 2:30 pm

    @Citizen_X:

    Shock Horror! There are govt. trolls!

    I think I’m horrified by the idea that the government is wasting tax money to pay people to troll on the Internet.

    I’m not worried about it being effective. I’m more worried that it actually sounds like the kind of dumb idea that certain parts of the Federal intelligence community might think is effective enough to spend money on. And that makes me sad.

  114. 114.

    Cervantes

    February 26, 2014 at 2:31 pm

    @scav:

    There are untruths on the Interwebs! Forsooth! Yea, verily, for we have entered into a time where the governments of the world and other people of reputation are found to disseminate statements lacking in verity, a situation hitherunto never before experienced. Let us sit upon the ground and ululate for the endtimes must surely be thereunto exhibited.

    That’s beautiful. Really, it is.

    But did you say the same thing when (for example) you found out that Cheney, Rumsfeld, and Bush had told their untruths, on the Interwebs and elsewhere?

  115. 115.

    scav

    February 26, 2014 at 2:35 pm

    @Cervantes: I wasn’t surprised by it, infuriated sure, but not stunned by the fact they were lying. My fluttering ingenue act was never convincing.

  116. 116.

    Villago Delenda Est

    February 26, 2014 at 2:39 pm

    @NonyNony:

    Oh, I have no doubt that the idiots in the Pentagon actually think that this might work. Can’t speak to other agencies, but there are idiots there like there are idiots in the private sector who think they can persuade the public via “anonymous” postings.

  117. 117.

    cleek

    February 26, 2014 at 2:43 pm

    @Villago Delenda Est:

    there are idiots in the private sector who think they can persuade the public via “anonymous” postings.

    i’ve even heard that there are people who post things under fake names and who attempt to argue one side of an argument. and nobody knows who they work for, or what their motivations might be. they hang out in “chat rooms” and “forums”. beware!

    caveat blogger!

  118. 118.

    NonyNony

    February 26, 2014 at 2:43 pm

    @Villago Delenda Est:

    but there are idiots there like there are idiots in the private sector who think they can persuade the public via “anonymous” postings.

    I’m so old, I remember when “astroturf” was just the carpet that was used to cover indoor football fields…

  119. 119.

    Missouri Buckeye

    February 26, 2014 at 2:50 pm

    It’s so hard to resist the urge to point and laugh.

  120. 120.

    Poopyman

    February 26, 2014 at 3:14 pm

    Just FYI, but Wikipedia tells me that JTRIG is a British outfit. So while the Pentagon may be (almost certainly is) doing the same thing, it ain’t JTRIG.

    I would also assume that being British, their slander has more panache.

  121. 121.

    Omnes Omnibus

    February 26, 2014 at 3:25 pm

    @Poopyman: BF’s Greenwald link discusses it as a GCHQ program. No documentary evidence of an analogous NSA program. Doesn’t mean there isn’t one, but it isn’t mentioned.

  122. 122.

    jl

    February 26, 2014 at 3:29 pm

    @cleek:

    In the spirit of full disclosure, to clear the air, and instill trust in the comment discussions, My real identity is
    Mr. J’dan Z Toral
    Age 100
    Nurme 73 Mustapali
    Viljandimaa, Spain 69618
    Planet Double Earth

  123. 123.

    Soonergrunt

    February 26, 2014 at 3:36 pm

    @Omnes Omnibus: There’s also no documentary evidence that GCHQ is ACTUALLY doing this. Only the fact that they can do it. Possibly.

  124. 124.

    PaulW

    February 26, 2014 at 4:12 pm

    What is the Latin term for “websurfer” with regards to “web” as “Internet”…?

  125. 125.

    ShadeTail

    February 26, 2014 at 4:35 pm

    A photo of the ridiculous bitcoin billboard I mentioned upthread:

    http://imgur.com/8BMFmpF

  126. 126.

    Cervantes

    February 26, 2014 at 4:41 pm

    @scav:

    But did you say the same thing when (for example) you found out that Cheney, Rumsfeld, and Bush had told their untruths, on the Interwebs and elsewhere?

    I wasn’t surprised by it, infuriated sure, but not stunned by the fact they were lying.

    And do you think people are “surprised” and “stunned” by what’s being revealed now?

    Or do you think they are infuriated, as you were?

    My fluttering ingenue act was never convincing.

    You’re too modest.

  127. 127.

    Ben Franklin

    February 26, 2014 at 4:59 pm

    @Cervantes:

    Modesty becums him.

  128. 128.

    jl

    February 26, 2014 at 4:59 pm

    @ShadeTail: the billboard is pro or anti bitcoin. My reaction was ‘that’s right, bitcoin very aggressively and voraciously eats up your money’.

  129. 129.

    2liberal

    February 26, 2014 at 5:58 pm

    I got rid of the banksters and put my 401K in BITCOIN! Not so good

  130. 130.

    ShadeTail

    February 26, 2014 at 6:37 pm

    @jl: Yeah, tell me about it. I’m pretty sure the people behind that billboard meant for it to be pro-bitcoin, because this is Silicon Valley, California. Glibertarian tech morons are very well represented around here.

    The thing about glibertarian tech morons is that they have no idea how their arcane mutterings play with the rest of the population.

    A small irony: islamophobia tends to have a fair foothold with glibertarian tech morons. And what do we see right behind the bitcoin billboard? A pro-Islam billboard.

  131. 131.

    Cervantes

    February 26, 2014 at 7:23 pm

    @Belafon:

    The point being that lies and distortions have been put on the internet since forever.

    And therefore … ?

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