(untitled). .. I wouldn't even walk round it. (untitled) I wouldn't even walk round it
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> hey anon, wanna give your opinion?
asd
#9 - anon id: 5e0b8640
Reply 0 123456789123345869
(04/11/2014) [-]
Wait, the government banned bitcoin?
Is that even legal?
User avatar #68 to #9 - tisjunkisdamnfunny
Reply 0 123456789123345869
(04/11/2014) [-]
no, bitcoin is still very much alive. whoever says silk road (well-known for bitcoin use) is gone is wrong. silk road has a new address and still uses bitcoin.
User avatar #71 to #68 - traks
Reply 0 123456789123345869
(04/11/2014) [-]
Yeah, the original one and some of the staff got taken down
But it is still up and going strong
User avatar #75 to #71 - tisjunkisdamnfunny
Reply 0 123456789123345869
(04/11/2014) [-]
indeed sir. ordered off sr last week. package came in 3 days. setting up all the bitcoin transfers was a bitch though
User avatar #76 to #75 - traks
Reply 0 123456789123345869
(04/11/2014) [-]
I wish I had the money to order off SR, looks like some top grade **** from there
User avatar #80 to #76 - tisjunkisdamnfunny
Reply 0 123456789123345869
(04/11/2014) [-]
it's easy once you know how the different transfers work. cheapest products are gonna be at least 40 USD. you definitely get your money's worth though..unless you have a medical card or live out west that is
User avatar #10 to #9 - douthit
Reply +128 123456789123345869
(04/11/2014) [-]
As if those in government follow the law?
User avatar #69 to #10 - matt leaf
Reply +10 123456789123345869
(04/11/2014) [-]
Your picture sells it.
#102 to #69 - douthit
Reply +1 123456789123345869
(04/12/2014) [-]
User avatar #98 to #10 - nought
Reply 0 123456789123345869
(04/11/2014) [-]
watch out, bismuththismanyedges.jpeg
#21 - mankey
Reply +74 123456789123345869
(04/11/2014) [-]
I wouldn't even walk round it.
I wouldn't even walk round it.
#32 to #21 - rebaj
Reply +1 123456789123345869
(04/11/2014) [-]
what episode was that?
#42 to #32 - RedHulk
Reply 0 123456789123345869
(04/11/2014) [-]
**RedHulk rolled image** Ep.45 I aint paying for no tranny.
**RedHulk rolled image** Ep.45 I aint paying for no tranny.
#51 to #21 - nthmetal
Reply +17 123456789123345869
(04/11/2014) [-]
**** the police
**** the police
#85 to #51 - swagbot
Reply 0 123456789123345869
(04/11/2014) [-]
dark souls
#6 - eyecontacthandjob
Reply +44 123456789123345869
(04/11/2014) [-]
It's like Catholic conservatives banning weed.
#12 to #6 - osirusrising
Reply 0 123456789123345869
(04/11/2014) [-]
Do you have a bigger version of that?
#24 to #12 - siremarshmallow
Reply +3 123456789123345869
(04/11/2014) [-]
Here, I reverse googled, found a higher res of the original and added the text.
User avatar #20 to #12 - edlias
Reply 0 123456789123345869
(04/11/2014) [-]
#36 to #6 - nightmareschild
Reply +3 123456789123345869
(04/11/2014) [-]
#11 - douthit
Reply +28 123456789123345869
(04/11/2014) [-]
What the market wants will always be provided, even if on the black market. See guns and drugs.
#14 to #11 - anon id: 51c5216f
Reply 0 123456789123345869
(04/11/2014) [-]
My favourite economist. Keynes can suck it
#67 to #14 - anon id: f67a7a17
Reply 0 123456789123345869
(04/11/2014) [-]
Well, if the European Union had followed Keynesian economical theory they would not be so hardy hit by the crisis; prioritizing low inflation over low unemployment has in this case left a big wound on the European economy.
#100 to #67 - anon id: 51c5216f
Reply 0 123456789123345869
(04/11/2014) [-]
My question is what the government is doing in the inflation and unemployment business in the first place. Do you really think that any economic advisor knows better than the supply and demand of an entire market? I'm not a big fan of the gold standard but i'd rather have that over a federal reserve printing press, whereas a few dictate the monetary "wellbeing" of an entire country/countries. That doesn't even begin to cover how the crisis was even started.
User avatar #89 to #11 - durkadurka
Reply 0 123456789123345869
(04/11/2014) [-]
I am absolutely loving the amount of Milton Friedman I've been seeing around here.
User avatar #41 to #11 - lean
Reply +4 123456789123345869
(04/11/2014) [-]
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
#26 to #11 - pebar
Reply +14 123456789123345869
(04/11/2014) [-]
#27 to #26 - pebar
Reply +10 123456789123345869
(04/11/2014) [-]
#28 to #27 - pebar
Reply +8 123456789123345869
(04/11/2014) [-]
#29 to #28 - pebar
Reply +3 123456789123345869
(04/11/2014) [-]
#30 to #29 - pebar
Reply +10 123456789123345869
(04/11/2014) [-]
User avatar #40 to #30 - lean
Reply +1 123456789123345869
(04/11/2014) [-]
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
-MF
#97 to #30 - allinallout **User deleted account**
Reply 0 123456789123345869
(04/11/2014) [-]
these are ******* amazing
User avatar #39 - lean
Reply +18 123456789123345869
(04/11/2014) [-]
The government can't ban alternative forms of currency unless it is intended to resemble or supersede governmental "fiat money". Any other form of currency is specifically designated as legal goods, which can be bartered and traded for cash or other goods. Unless it is counterfeit fiat money, or contains certain words such as legal tender or symbols for legal tender like $.
The government may try, as the have been for the last 7 years with the liberty dollar, but will ultimately be unable to pass a sentence because bitcoin isn't legally recognized as a currency. If they recognize it, it becomes a second legal tender subject to all monetary laws, and if they don't, the remain impotent to it's consumption and use.

TLDR: It is a dumbass senator trying to avoid pressing government issues so he wont look like another idiot in big government, and failing miserably.
#13 - infinitereaper
Reply +6 123456789123345869
(04/11/2014) [-]
Honestly they don't even need to ban bitcoin, the stuff is becoming so expensive, scarce, and large that unless your a rich fag you can't really join in.

These days you'll scrouge up enough money for fractions of a bitcoin like a peasant
#15 to #13 - sexuallysugestive
Reply 0 123456789123345869
(04/11/2014) [-]
That all well and ****, but bit coin dropped DRASTICALLY in price.


It was like 650 USD. Now it is 400$ this happen in a month.
#16 to #15 - sexuallysugestive
Reply 0 123456789123345869
(04/11/2014) [-]
Good time to speculate buy honestly. It is in a bull movement now, but i think its the obvious bull trap after such a huge bear. Will wait a bit and see.
#38 to #16 - deviantangel
Reply 0 123456789123345869
(04/11/2014) [-]
Your understanding of economics if fundamentally correct; however, I have been following the "BitCoin" phenomenon since its official emergence because it directly interacts within my law's field.

One of the reasons for the sudden drop in price value is actually the Asian market. It is widely believed that China will ban BitCoin "pools" and websites structured around the trade (as they are already heavily regulated under current Chinese financial institutions).

Furthermore, ASIC has blossomed in the field over the past 6 months or so--the natural progression from CPU mining to GPU, and now to ASIC has created a nifty little niche for propriety hardware and expansive machines that allege to justify the investment because of a perceived BitCoin value at the time. To my knowledge, several of this ASIC-mining manufacturer's have been successfully sued in various countries including the United States.

Furthermore, the recent activities surrounding the largest BitCoin exchange raises serious concerns--Mt. Gox in particular. When a Bitcoin becomes lost, its either changed hands directly or simply been removed from existence (I seem to recall a man in lost over 7,000 bitcoins in a landfill when he lost his laptop?). If you are able to find a willing buyer, most exchanges take place in countries with limited wire-transfer jurisdiction. Whereas the U.S. and most of the E.U. lives with wire-transfer fraud protections. I believe there are currently only four exchanges which are lawfully (U.S. Internationally) bound to honor the transfer and the irony behind that is if you check the last trade indexes of those four exchanges--not a single one is close to $400 USD currently, instead they average just under $330.

As hardware investment into mining becomes more exclusive, the lack of security behind a virtual currency, the lack of purpose, lack of vendorship leads me to believe BitCoin is worthless now--back in the age of GPU mining, not so much, but that has passed.
User avatar #52 to #38 - xjvlezmerised
Reply 0 123456789123345869
(04/11/2014) [-]
how can bitcoin be worthless if its worth over 400$ a coin today. also the reason most of these asic companys have been sued is for taking peoples money in "preorders" even though they dont have enough chips for the amount of pre orders their getting
#18 to #16 - verycoolcat
Reply 0 123456789123345869
(04/11/2014) [-]
Bitcoin is a ponzi (pyramid) scheme... basically what bernie madeoff did.

If there aren't people putting effort to make bitcoins.... its value will plummet. The moment people start to think 'ohhh my bitcoins are worth a lot I should sell because its unstable' is the moment it drops very low.
User avatar #17 to #13 - choobe
Reply 0 123456789123345869
(04/11/2014) [-]
Well, that is the point, there is totally ~21 000 000 bitcoins that can be found, the meaning is that a bitcoin should be expensive, but it has 8 decimals.


Yes, I think that's retarded too, but it is intended
User avatar #50 to #17 - xjvlezmerised
Reply 0 123456789123345869
(04/11/2014) [-]
The reason for that is to eliminate the possibility of inflation because you cant just make more bitcoins like the FED just printing moe money
#46 to #13 - anon id: 4da1b3bf
Reply 0 123456789123345869
(04/11/2014) [-]
doesn't help a ******** got stolen recently.
User avatar #49 to #13 - jukuku
Reply 0 123456789123345869
(04/11/2014) [-]
Yes but smaller start up crypto-currencies would be worth dipping a few hundred or thousand dollars into.
User avatar #78 to #13 - leepicfunposter
Reply 0 123456789123345869
(04/11/2014) [-]
>was over 1000 USD
>is now 300 somewhat

time 2 buy, fgt
User avatar #88 to #78 - infinitereaper
Reply 0 123456789123345869
(04/11/2014) [-]
>used to be pennies
>used to be dollars
>used to be tens
User avatar #84 to #78 - voltkills
Reply 0 123456789123345869
(04/11/2014) [-]
its peaked, ill be surprised if it ever get near 1k ever again
User avatar #25 - neokun
Reply +5 123456789123345869
(04/11/2014) [-]
What the **** is a bitcoin?
#37 to #25 - anon id: d0909b2a
Reply 0 123456789123345869
(04/11/2014) [-]
a coin somebody bit into
#45 to #25 - anon id: 4da1b3bf
Reply 0 123456789123345869
(04/11/2014) [-]
invisible internet Money basically. its untraceable therefore favoured by many black market shenanigans but has lots of positive benefits too. its exchange rate rollercoasters though i guess depending on world circumstances etc, and that there are only a certain amount produced, like there won't ever be any more apparently.
User avatar #87 to #45 - fuckoatmeal
Reply 0 123456789123345869
(04/11/2014) [-]
Anyone can find them...it's easier to do it in a mining pool but you get less of a cut. Since you can't get just one at a time they are mined in blocks of 50, mines disperse the block between it's members. If you have an insanely fast system with cooling equipment and **** you can mine solo and get more but takes longer.
#95 to #87 - mathematicsexplain
Reply 0 123456789123345869
(04/11/2014) [-]
At this difficulty mining solo is a sheer waste of electricity.
User avatar #59 - xxrayxx
Reply +4 123456789123345869
(04/11/2014) [-]
Windows Firewall
User avatar #31 - usarmyexplain
Reply -6 123456789123345869
(04/11/2014) [-]
Dont worry, bitcoin exchanges are in full swing on the dark net
#56 to #31 - youratoyucantfly
Reply 0 123456789123345869
(04/11/2014) [-]
Comment Picture
#61 to #31 - baitdoesnttalkback
Reply 0 123456789123345869
(04/11/2014) [-]
unfortunately the government is developing expolits used to reveal identites on things like tor
User avatar #63 to #61 - usarmyexplain
Reply 0 123456789123345869
(04/11/2014) [-]
Tor is not the dark net.
User avatar #66 to #63 - tisjunkisdamnfunny
Reply 0 123456789123345869
(04/11/2014) [-]
tor is the condom. silk road is the pussy and the baby is your order.
#74 to #66 - leepicfunposter
Reply 0 123456789123345869
(04/11/2014) [-]
how can u get a baby if u **** use a condom?
User avatar #77 to #74 - tisjunkisdamnfunny
Reply +1 123456789123345869
(04/11/2014) [-]
ok how about sr is still the pussy, but the order is the satisfaction of ******* bitch.
#79 to #77 - leepicfunposter
Reply 0 123456789123345869
(04/11/2014) [-]
i lyke dat
User avatar #70 to #31 - magmon
Reply 0 123456789123345869
(04/11/2014) [-]
It's uh, called the outernet. Duh.
PLEASE REALISE THIS IS SARCASTIC
#64 to #31 - spanishninja
Reply +3 123456789123345869
(04/11/2014) [-]
>dark net

top ******* lel
User avatar #96 to #64 - cyberneticghost
Reply 0 123456789123345869
(04/11/2014) [-]
Have you seen the amount of seedy **** that takes place on that side of the web?

child trafficking, child porn, contracted hit-men, black market human organs, and to a lesser extent, drugs.

It's completely justified to refer to deep-web as "The Dark-Net"
User avatar #81 to #64 - Anonomousthirteen
Reply 0 123456789123345869
(04/11/2014) [-]
That's one (somewhat) acceptable name for the Deep net. Chill yo titties and have a nice ******* day.
#65 - tisjunkisdamnfunny
Reply +1 123456789123345869
(04/11/2014) [-]
mfw it took me 3 weeks to figure out bitcoins    
mfw my package from sr arrived two days ago
mfw it took me 3 weeks to figure out bitcoins
mfw my package from sr arrived two days ago
#73 to #65 - leepicfunposter
Reply +2 123456789123345869
(04/11/2014) [-]
>mfw i´m a cop
#83 to #73 - tisjunkisdamnfunny
Reply 0 123456789123345869
(04/11/2014) [-]
mfw