Deep Web/Bitcoin Mining

[Dj Buttchug]

Im trying to buy ltc on btc-e but I cant deposit money into btc-e. Whats the best way to do this?

[Farbin Kaiber]

I read an article in wired about a guy who mined like 75-100 when the first came out and just realized he had thrown out the hard drive containing his digital wallet years ago. He's out like $7.5 million

Maybe I'm stupid, but I'm having trouble understanding that math.

[george graves]

Apparently the Winklevosses (who you may know best as the twin brothers from the movie "The Social Network") put all their facebook money into it - and are trying to buy up as much as fast as they can. Not sure how I feel about that.

I'm not financial expert, but it seems like 100's of copy cat's will come along, and the whole deck of cards will fall at some point.

[Cletonius]

My brother bought 6 when they dropped to $90 each...he wishes he would have bought more now.

I read an article in wired about a guy who mined like 75-100 when the first came out and just realized he had thrown out the hard drive containing his digital wallet years ago. He's out like $7.5 million

[325Projectz]

how about them litecoins? $2 a few weeks ago. $34.30 as of a few minutes ago. network difficulty is still pretty damn low. just purchased another 6 gpus, yesterday.

[Poorboyz]

My brother bought 6 when they dropped to $90 each...he wishes he would have bought more now.

[Cletonius]

How about them $1000 Bitcoins.

$900 now...

[tjts1]

How about them $1000 Bitcoins.

[Fusion]

I agree with the "wait and see" approach. The system will "regulate itself" over time. Just like you don't buy stuff from shady minimum post sellers here, the same will apply for sending your btc to reliable recievers.
They failed to mention that even the couple years that btc has been working well is a good testimony to its function. Although I would like to know how the specific cases of stolen btc happened. I suspect poor security on behalf of the wallet owner.

[decay]

your boss is a boss

Yeah he pretty much killed it.

When Senator Heitkamp said "Maybe we should just leave it alone"... YES, THAT! DO THAT.

[gtdragon980]

I'm kicking myself from when they were like $0.25/ea. Shit.

I feel more and more like shit the more I think about that. I should've did something back then...

[Shangsta]

your boss is a boss

[Fusion]

^^ Very interesting.
Basically, they know there's no way to regulate it. Its funny to watch people talk about something they're having a hard time understanding. Like explaining the internet to someone in 1985.
What they want to do is make it the next PayPal. That won't happen. When they regulate it, all activity will go offshore. What I think will happen is like with illegal download sites, except bitcoin isn't illegal in its idea, but can be used for illegal activity. So the various ventures around BTC will go offshore to countries that won't regulate it (ie. Russia, maybe Iceland, etc. etc.) because it doesn't matter where a company or person is physically located to operate with BTC.

[decay]

I bought right back in at $450, then again at $490.

Don't get mad, get glad!

haha good deal!

for anyone else who wants to watch the senate hearings, they're at 12:30pm PST here:

http://www.c-span.org/Live-Video/C-SPAN3/

[phreshkid]

my boss (Anthony Gallippi) is speaking there. we'll see how it goes.

also, sorry about you selling @ 430. :P

my BFL 7GHash arrived today, just got it running. 6 months to the day after i paid for it. but with this massive increase in value, it might actually pay for itself.

I bought right back in at $450, then again at $490.

Don't get mad, get glad!