> BREAKING: Bitcoin market crashes. Everyone is dumping their bitcoins for pennies on the dollar.

wrote:

Yet, you continue to be poor, unsuccessful, and bitter. Therefore your extra-ordinary "genius" has ZERO VALUE, and you continue to be owned day in and day out.

None of your opinion matters here.  What matters is that each bitcoin is still worth PRECISELY ZERO.

Both Mt Gox and TradeHill have shut down 'the exchange'
this is a blow to the bitcoin purist but really just teething pains.  As for the DO OVER I mean 'rollback' well pull up a seat and

. wrote:

Both Mt Gox and TradeHill have shut down 'the exchange'
this is a blow to the bitcoin purist but really just teething pains.  As for the DO OVER I mean 'rollback' well pull up a seat and

What? You either work for Bitcoins, or you have the mental IQ of Casey "itsallgood" Serin. When shyt is literally hitting the fan, it's neither "teething pains" nor "allgoodness". Try to spin this as a "rollback" or however you want - LOL, good luck.

wrote:

If that is so, why would someone take the time and risk jail in order to break into servers in order to steal them?

None of that matters.  The only thing that matters is that each and every bitcoin out there is worth PRECISELY ZERO.  The mania doesn't matter.  The participants don't matter.  What matters is that like with Beenz and Flooz and each share of Pets.com and Webvan, each and every piece of the stuff out there is worth PRECISELY ZERO.

Which letter in "PRECISELY ZERO" are you having so much trouble with, whyte?

"Thankfully for Bitcoin owners, the crash appears to have just affected the price of Bitcoin on Mt. Gox, rather than the value of the currency itself dropping to nothing. Competing Bitcoin exchange TradeHill currently prices the currency at around $13 per Bitcoin. TradeHill has halted trading ?for a few hours? because of the possibilty that members had used the same password for TradeHill and Mt. Gox."

http://venturebeat.com/2011/06/19/popul … o-pennies/

One cent per bitcoin? Buy buy buy!
\

Bitcoins?  What the fuq are bitcoins?  Flooz and Beenz have made a comeback?

I can buy and sell shyt all over the planet using money, and protected against fraud, using credit cards and money.

What problem are they trying to solve here?

wrote:

An anonymous electronic black market.

You can order LSD on Silk Road.

Except, of course, it's not anonymous - the way the system tells if a "coin" is valid is by tracing its transaction history, which is therefore delivered to every node in the network.  Of course, you can generate a different pseudonym for every transaction - but you will still need to transfer the cois to them first...

wrote:

Can I trade my Flooz for Bitcoins?

Can I trade my time-tested A4Vs for worthless, fiat dollars?
\

wrote:

The trash you shyt on this bbs is worth less than zero because the rest of us have to spend effort scrolling past it.

P ----> Was it this letter that you didn't understand, whyte?
R ----> Was it this letter that you didn't understand, whyte?
E ----> Was it this letter that you didn't understand, whyte?
C ----> Was it this letter that you didn't understand, whyte?
I ----> Was it this letter that you didn't understand, whyte?
S ----> Was it this letter that you didn't understand, whyte?
E ----> Was it this letter that you didn't understand, whyte?
L ----> Was it this letter that you didn't understand, whyte?
Y ----> Was it this letter that you didn't understand, whyte?

Z ----> Was it this letter that you didn't understand, whyte?
E ----> Was it this letter that you didn't understand, whyte?
R ----> Was it this letter that you didn't understand, whyte?
O ----> Was it this letter that you didn't understand, whyte?

Zathrus wrote:

I think the feds are getting ready to bust bitcoin, it's just an elaborate ponzi scheme. I wonder if this was some sort of inside job.

That would be extraordinarily proactive of the FBI.  So I doubt it.

wrote:

You do not understand the definition of value in an economic sense.  You are a simple man with too much time on your hands.

The definition of value IS simple.  What's complicating things is all the dressing around this SCAM called "bitcoins".

They are worth PRECISELY ZERO.