The Bitcoin Tracking Thread

[ximmy]

That's the thing, ximmy

You're young enough that you should be able to get out in the webs and Be your own Aeon Flux.

ooh.. then I could perform a little femdom on the bad man...

[Horn]

http://www.geek.com/apps/skype-malwa...ombie-1551332/

A new piece of malware is floating around, but that seems like par for the course these days. What makes this malicious bit of code notable is the goal its creators have in mind. The malware is being spread via Skype messages and is designed to turn your PC into a remote Bitcoin mining rig without your knowledge or consent.


Bitcoin is a decentralized all-digital currency that has become quite trendy as of late. The value of one Bitcoin has recently skyrocketed to nearly $100, and then well over that point and back again. In the past, users could “mine” bitcoins by contributing CPU cycles to process Bitcoin transactions. As the number of Bitcoin users increased, it has — by design — started to take more effort to earn a single coin. This is because Bitcoin production is governed by an algorithm which ensures the supply is limited.


Effectively mining Bitcoins takes a lot of power at this point, which is why this piece of malware exists. By enslaving many computers, the authors can generate Bitcoins at essentially no cost. All it takes is a Skype message.


The target will receive a Skype message with an attention-grabbing phrase like, “this is my favorite picture of you.” Yes, this is an old trick, but it clearly still works. The user then clicks the link, which is obscured by a bit.ly address, and instead of downloading a photo, they will get a file called skype-img-04_04-2013.exe. This is, of course, the malware installer.

[Blink]

http://www.zerohedge.com/news/2013-0...shioned-bubble

[Horn]

I still have this picture in my mind of a small predictable & dieing oil well trying to power the Las Vegas strip.

It just won't leave.

[Shami-Amourae]

http://www.zerohedge.com/news/2013-0...shioned-bubble

Watch the video I posted by BrotherJohnF above. He rebutts this article.

[Jewboo]

Ps. this song also doesn't rock like a lot of silver songs I know of.

http://i717.photobucket.com/albums/w...HappyDance.gif

Jesus. Won't be long before Justin Bieber releases his new Bitcoin album and the jew recording industry gets behind this.

[vacuum]

Here's a new industry that's being created by bitcoins: girls taking their clothes off for bitcoins.


http://i.imgur.com/sRET8Gx.jpg



how's that for intrinsic value?

[vacuum]

http://i.imgur.com/gzw0t4ml.jpg

Sold for 100 bitcoins.
https://bitcointalk.org/index.php?topic=170706.0

[vacuum]

A $16.5 million dollar transaction went through today (69,471 BTC). Zero fees, paperwork, instant transfer.
http://blockchain.info/tx/5d9ef693d4...8761d9cddc103c



Here appears to be a fund set up so people like hedge funds can invest in bitcoins. Minimum account size is 100,000 euros.
https://exante.eu/press/news/266/

They manage your key for a 1% fee.

Once hedge funds go into bitcoin, it's price will go through the stratosphere.

Max Keiser might be working on this:
The actual tweet from his twitter account @maxkeiser: "I have a personal goal of getting hedgies involved to drive BTC to $1,000. | For non-US res. Exante.eu can hook you up with BTC ($100K min.)"

Take advantage of this opportunity. It's unique. We're actually ahead of the big money because they can't get their money into bitcoin at the moment. They aren't ballsy enough to risk doing it themselves because if you miss-type a single character of your bitcoin address you permanently lose everything. The exchanges aren't big enough or trustworthy enough for very big money. We're ahead of them this time.

And I'd personally go for bitcoins and not the others. At least hold some.

[vacuum]

New high: $250

I recommend bitcoin above any other crypto currency. Why? Because bitcoin will become the back-end system for the financial industry. Few people will actually use bitcoins directly in the future.

There will be banks that you have an account with, just like today. Except everything will be denominated in bitcoins. Your bank account will be a bitcoin address. You can go to an atm, branch, or online, to withdraw or deposit.

Withdraws will be in any denomination you like. $1 to $1000000 and anything in between. That's because each note will be like a money order. You request the money order, put money on it, and can use it one time. If you lose it, it's gone. Unlike a money order, they will have no counter-party except for the bitcoin network itself. They can be put in a vault and stored for 10 years.

There will also be check-like notes you can request, which will have a special code on them from that specific bank. Banks will agree on these codes such that you can take it to another bank and the first bank will transfer bitcoins directly to the second bank. These check-like notes would be equivalent to banknotes like in the old days.

There will be no fractional reserve banking, because each bank account will be a bitcoin address. You can view the exact amount in your address (or any other address) by going to www.blockchain.info and typing it in. The bank will simply take care of holding the private key and provide insurance in case it gets lost or stolen.

Micro transaction networks can be formed on top of bitcoin. Basically, instantaneous, small purchases will be handled by the bank instantly, like email, and settled with the bitcoin network minutes later as the blocks are constructed.

Right now it's like the wild west, but it is the foundation upon which multiple financial systems will be constructed.





On the other hand, it's possible that the financial system will make a clone of bitcoin and announce they are standardizing on that specific coin version. In that case, nobody would hold previous coins and the value would be high from day 1 because it would be the agreed-upon standard.