[CNET] Bitcoin virtual heist shuts down bitfloor; $250k stolen.

Solaris17 · Sep 8, 2012

Kreij said:
Bitcoins, Rhinocoins, Mailmen ... BAH !!

Everyone knows that the real money is in KreijKoins.
It's simple. You enter one of my contests and you get one KreijKoin.
If you win the contest, that coin is immediately coverted to the prize and it's sent to you.
If you don't win the contest you lose the KreijKoin and have to start over with the next contest.

Don't be fooled by cheap imitators. Get your KreijKoins whenever you can !!!

this sounds shifty i mean i want to keep my koins.

AphexDreamer · Sep 8, 2012

Guys Bitcoins isn't even the first of its kind. Their have been similar things done in the past.

DigiCash went bankrupt in 1998 and then sold their assets to Ecash which was bought out in 2002 by infospace.

That is only a bit of history of just three other out of like 6 other attempted virtual currencies. I'm not trying to defend them but its other peoples jobs to find out if they are doing something sinister. Otherwise their really isn't any proof or past history suggesting it is in fact the work of something sinister.

Nordic · Sep 8, 2012

It is no more a ponzi scheme then the US money system. At least there is a limit to how many bitcoins there will ever be. The government/federal reserve can print how ever much they want.

I don't want to come off too pro bitcoin. I do use bitcoin. I have made money from bitcoin. I am still making money from bitcoin. Whatever happens with it, I am only in it for the ride, and will never be in so far I could lose what I gained.

AphexDreamer · Sep 8, 2012

james888 said:
It is no more a ponzi scheme then the US money system. At least there is a limit to how many bitcoins there will ever be. The government/federal reserve can print how ever much they want.

I don't want to come off too pro bitcoin. I do use bitcoin. I have made money from bitcoin. I am still making money from bitcoin. Whatever happens with it, I am only in it for the ride, and will never be in so far I could lose what I gained.

I come from this exact same stance except I stopped a while back.

scaminatrix · Sep 8, 2012

TheMailMan78 said:
What are you calculating, and why? What numbers are you crunching and why? What "companies". For all you know you could be crunching for Al Qaeda.

pantherx12 said:
Could be! It's part of the fun!

It's kinda like paying taxes, sure we know where some of it goes, but the vast majority can go anywhere!

I was just sitting here wondering what my bank does with my money. Oh yea, that's right, lending substantial amounts of money to Iraq for "oil farming equipment"

Nordic · Sep 8, 2012

scaminatrix said:
I was just sitting here wondering what my bank does with my money. Oh yea, that's right, lending substantial amounts of money to Iraq for "oil farming equipment"

You are your own bank with bitcoin

Kreij · Sep 8, 2012

james888 said:
You are your own bank with bitcoin

No at all. You are simply moving your money from a centralized banking authority to a decentralized one. For better or for worse.

Nordic · Sep 8, 2012

Kreij said:
No at all. You are simply moving your money from a centralized banking authority to a decentralized one. For better or for worse.

I keep my bitcoins in my wallet. I am the only person in control of those coins.

Steevo · Sep 11, 2012

james888 said:
I keep my bitcoins in my wallet. I am the only person in control of those coins.

Until it gets.

Shut down.
Stolen.
Devalued.

Nordic · Sep 11, 2012

Steevo said:
Until it gets.

Shut down.
Stolen.
Devalued.

It would be tough to shut down bitcoin because it is decentralized. The core developers could quit, but it new developers would take over. You would have to get everyone to stop using it. It would be much easier to devalue bitcoin. If bitcoin gets devalued enough, people will leave, and possible end bitcoin. Still though, I am in control of my bitcoins. Even if they arn't worth anything.

My bitcoins could get stolen, but so could my dollars. My dollars are FDIC insured, if in the bank. You could even go as far as a paper or brain wallet so that no one can hack you to steal your coins. It could be tough to remember all those characters so I suggest a paper wallet for very safe storage.

My dollers are being devalued every day, generally, with inflation. People are getting into bitcoin to escape their currencies. Especially in Europe.

Steevo · Sep 11, 2012

But once everyone has them..........

Thing about precious metals and rocks, there are only so many and so much.

Nordic · Sep 11, 2012

Steevo said:
But once everyone has them..........

Thing about precious metals and rocks, there are only so many and so much.

Not sure what you are saying exactly. I think you are getting at how bitcoin is deflationary. There will only be 21million bitcoins, and there will only ever be so much. Many bitcoins will be lost, and or destroyed, making the number in circulation even less. My bitcoins, with time, should always increase in value. There are other factors that contribute to the price too, but the value should generally go up with time.

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[CNET] Bitcoin virtual heist shuts down bitfloor; $250k stolen.

Solaris17

Super Dainty Moderator

AphexDreamer

Nordic

AphexDreamer

scaminatrix

Nordic

Kreij

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Nordic

Steevo

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Steevo

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