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(Gizmodo)   Hacker steals $250,000 in Bitcoins, immediately plants three million acres of FarmVille crops   (gizmodo.com) divider line 89
    More: Interesting, plants, Bitfloor, account balances, crops  
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4993 clicks; posted to Geek » on 05 Sep 2012 at 10:02 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-05 10:07:18 AM
Ah, Bitcoin.

The techno hipster's Green Stamps.
 
2012-09-05 10:13:10 AM
so?
 
2012-09-05 10:13:23 AM
I've seen the future, and it is stupid.
 
2012-09-05 10:14:45 AM
WTF do you use Bitcoin for anyway?
I've never seen a site that you can use them at.
 
2012-09-05 10:17:58 AM
He must have the most cows ever!
 
2012-09-05 10:23:13 AM

abhorrent1: WTF do you use Bitcoin for anyway?
.

Drugs is apparently a big one.
 
2012-09-05 10:25:20 AM

abhorrent1: WTF do you use Bitcoin for anyway?
I've never seen a site that you can use them at.


Child pornography and buying drugs over the internet mostly.

The currency is to volatile and there are no legitimate bitcoin to cash exchange services (Just random people in their parents basement offering cash for them).

You cant buy time in WoW bitcoin, You cant pay your bills, you cant pay your taxes, you can't buy food, you cant buy a car, you cant buy a DVD.

But drug dealers and child pornographers will take a volatile anonymous currency, over a stable currency that is tracked.
 
2012-09-05 10:27:53 AM

Carth: abhorrent1: WTF do you use Bitcoin for anyway?
.
Drugs is apparently a big one.


Yup. Anything where anonymity is required, since apparently the FBI has a hell of a time trying to track them.
 
2012-09-05 10:32:05 AM

Carth: abhorrent1: WTF do you use Bitcoin for anyway?
.
Drugs is apparently a big one.


Having drugs sent to you in the mail seems like a really bad idea.
 
2012-09-05 10:33:28 AM
Yeah, basically its the currency of choice on the darkweb, any of the .onion sites or people on them will want to take this currency.

Lots and lots of drugs, stolen goods, killers for hire and child porn.
 
2012-09-05 10:38:34 AM
No problem. I'll just file a claim with FDIC and in a few week-

Wait... what do you mean my ridiculous digital currency I use to buy drugs on the internet isn't insured?
 
2012-09-05 10:59:26 AM

abhorrent1: Having drugs sent to you in the mail seems like a really bad idea.


That's what I think too. The only drugs I'd ever trust sent through the mail are grey area drugs like research chemicals and even then it's still a gamble. The silk road doesn't sell rc's as far as I know.
 
2012-09-05 11:03:45 AM

abhorrent1: Having drugs sent to you in the mail seems like a really bad idea.


Theoretically, Fedex and UPS can't inspect any packages for contraband or they lose their common carrier status and then have to be legally responsible for anything that gets shipped through them.

I'm gonna let someone else test that though. I like not being incarcerated.
 
2012-09-05 11:09:59 AM

abhorrent1: Carth: abhorrent1: WTF do you use Bitcoin for anyway?
.
Drugs is apparently a big one.

Having drugs sent to you in the mail seems like a really bad idea.


Yea, I agree. I imagine a lot of the people are having it sent to neighbors and intercepting the packages or using one of those off site mailboxes and a fake ID.
 
2012-09-05 11:13:11 AM

fluffy2097: Fedex and UPS can't inspect any packages for contraband


For domestic they can't do it, sure. For international though, customs can look at whatever the fark they want. Not sure where these drugs come from but my guess is, it's not the U.S.
 
2012-09-05 11:15:29 AM
I wonder if some law enforcement group or another did the hack.

It'd be on my to-do list if I were trying to make BItCoins go away.
 
2012-09-05 11:24:18 AM

fluffy2097: abhorrent1: Having drugs sent to you in the mail seems like a really bad idea.

Theoretically, Fedex and UPS can't inspect any packages for contraband or they lose their common carrier status and then have to be legally responsible for anything that gets shipped through them.

I'm gonna let someone else test that though. I like not being incarcerated.


CSB time:

I had a friend who would work in his dad's office when he was a kid. One day he received a package via Fedex from some cousin in the Dominican Republic. Shortly after he signed for it, the DEA came rushing in like they were taking down a drug kingpin. He was tackled and arrested. Turns out the package was a pound of cocaine that someone paid the cousin to ship to the US.
 
2012-09-05 11:26:51 AM

fang06554: fluffy2097: abhorrent1: Having drugs sent to you in the mail seems like a really bad idea.

Theoretically, Fedex and UPS can't inspect any packages for contraband or they lose their common carrier status and then have to be legally responsible for anything that gets shipped through them.

I'm gonna let someone else test that though. I like not being incarcerated.

CSB time:

I had a friend who would work in his dad's office when he was a kid. One day he received a package via Fedex from some cousin in the Dominican Republic. Shortly after he signed for it, the DEA came rushing in like they were taking down a drug kingpin. He was tackled and arrested. Turns out the package was a pound of cocaine that someone paid the cousin to ship to the US.


What happened to the friend and his dad
 
2012-09-05 11:41:36 AM

Alonjar: What happened to the friend and his dad


Cousin was arrested shortly after, and admitted they had nothing to do with it, so they weren't charged. I don't know how much threatening / interrogation / etc they went through before they were finally let go, but I'm sure there was plenty of "I know you are really working for the cartels.. tell me who your contact is and we'll go easy on you" talk.

/Cousin went to jail though
 
2012-09-05 11:42:32 AM

fluffy2097: abhorrent1: WTF do you use Bitcoin for anyway?
I've never seen a site that you can use them at.

Child pornography and buying drugs over the internet mostly.

The currency is to volatile and there are no legitimate bitcoin to cash exchange services (Just random people in their parents basement offering cash for them).

You cant buy time in WoW bitcoin, You cant pay your bills, you cant pay your taxes, you can't buy food, you cant buy a car, you cant buy a DVD.

But drug dealers and child pornographers will take a volatile anonymous currency, over a stable currency that is tracked.


You have no clue what you are talking about. Did you just read some sensationalist news article that is trying to drum up fear so the government can keep a monopoly on the money supply. Here is a list of hundreds and hundreds of vendors including NewEgg and Amazon. Link
 
2012-09-05 11:45:18 AM

lordaction: Here is a list of hundreds and hundreds of vendors including NewEgg and Amazon. Link


Congratulations on making a list of vendors and failing to link to it.

Do any of the vendors on that list that you didn't link to accept bitcoins? You failed to mention if any of the vendors did, just that you have a list of them.
 
2012-09-05 11:51:58 AM

lordaction: including NewEgg


Not sure where you got that information.

Newegg
 
2012-09-05 11:56:40 AM
Who had September 2012 for a BitCoin shutdown?

Anyone?
Bueller?

//had January 2013,
 
2012-09-05 12:05:42 PM

fang06554: Alonjar: What happened to the friend and his dad

Cousin was arrested shortly after, and admitted they had nothing to do with it, so they weren't charged. I don't know how much threatening / interrogation / etc they went through before they were finally let go, but I'm sure there was plenty of "I know you are really working for the cartels.. tell me who your contact is and we'll go easy on you" talk.

/Cousin went to jail though


I'd call up the ACLU. How did they come to the point of making the raid? Racial or ethnic profiling? Illegal search of the packages? Some monkey with a Ouija board?
 
2012-09-05 12:08:46 PM

abhorrent1: lordaction: including NewEgg

Not sure where you got that information.

Newegg


1) Browse Newegg.com and add products to your cart. You do not need to login or create an account. Sorry, only transactions from Newegg.com (US) are supported at this time.

2) Click "View Shopping Cart." Rather than check out, click "Email Cart."

3) Enter newegg­[nospam-﹫-backwards]dnep­st­ib*com in the "To:" box and provide your email address in the "From:" box. (Please do not send any correspondence to this address as it will not be seen. Instead write to s­upp­o­rt[nospam-﹫-backwards]dnep­s­tib*c­o­m for any questions.)

4) Provide a name, shipping address, and desired shipping method in the "Personalized note" section. (You may safely press enter in the notes without submitting the order)

5) Click 'Submit.' Via email you will receive a quote in BTC and a unique
bitcoin payment address. Use the bitcoin client or another client/service to send to the specified bitcoin address.
 
2012-09-05 12:11:02 PM

wildcardjack: I'd call up the ACLU. How did they come to the point of making the raid? Racial or ethnic profiling? Illegal search of the packages? Some monkey with a Ouija board?


They could have just sent the crap themselves. Some local boys decided they would fabricate a reason to arrest a known dealer here by sending him a package of something from the evidence locker (paper didn't specify the contents), then nab him as he accepts delivery. They ended up delivering to and raiding a judge's house, presumably due to some crazy number-flipping, and we're still seeing fallout from that.

/csb
 
2012-09-05 12:11:42 PM

lordaction: 3) Enter newegg[nospam-﹫-backwards]dnepstib*com in the "To:" box and provide your email address in the "From:" box. (Please do not send any correspondence to this address as it will not be seen. Instead write to support[nospam-﹫-backwards]dnepstib*com for any questions.)


So it's some third party work-around? No thanks.
 
2012-09-05 12:18:32 PM
Why not just facilitate all bitcoin transactions with a human/manually?

/only half kidding
 
2012-09-05 12:20:12 PM
LOLOLOLOL.

Bitcoin. The best comedy in LOLibertarian humor in years. Just go to Bitcoin.org (or.com or whatever it it) and browse through the forums. It's a hotbed of morons scamming each other, investing in blatant ponzi schemes (the originators even advertise them as ponzi scheme), idiots wanting bitcoin donations to buy and renovate old movie theaters to show episodes of Disney's "Ducktales" from his laptop and cheap home projector and idiots who sell dried fruit from the heat of their bitcoin mining operations.

It's seriously the funniest thing ever.
 
2012-09-05 12:23:04 PM

fluffy2097: abhorrent1: WTF do you use Bitcoin for anyway?
I've never seen a site that you can use them at.

Child pornography and buying drugs over the internet mostly.


It's similar to the problems e-gold had years ago, before the US gov't stomped them into the dirt. The technology itself is just another version of currency, fundamentally no different from a pocket full of dollar bills or Euro notes, but currencies only work when you have a critical mass of people who believe in them. Until you overcome that barrier, your product is only interesting to the crypto-geek early adopters or to criminals.
 
2012-09-05 12:29:20 PM

lordaction: abhorrent1: lordaction: including NewEgg

Not sure where you got that information.

Newegg

1) Browse Newegg.com and add products to your cart. You do not need to login or create an account. Sorry, only transactions from Newegg.com (US) are supported at this time.

2) Click "View Shopping Cart." Rather than check out, click "Email Cart."

3) Enter newegg[[nospam-﹫-backwards] image 7x13]dnepstib[* image 7x13]com in the "To:" box and provide your email address in the "From:" box. (Please do not send any correspondence to this address as it will not be seen. Instead write to support[[nospam-﹫-backwards] image 7x13]dnepstib[* image 7x13]com for any questions.)

4) Provide a name, shipping address, and desired shipping method in the "Personalized note" section. (You may safely press enter in the notes without submitting the order)

5) Click 'Submit.' Via email you will receive a quote in BTC and a unique
bitcoin payment address. Use the bitcoin client or another client/service to send to the specified bitcoin address.


So I'm supposed to email some random person in panama who will then order stuff from newegg for me?

lol NO farkING WAY.
 
2012-09-05 12:36:16 PM
And this isn't even the biggest bitcoin crime of the week.

A bitcoin ponzi scheme, which was paying out 7% interest per week (which comes out to 3000+% interest per year) just collapsed, it supposedly contained some $5,000,000 worth of bitcoins. Everything involved with bitcoins is a clusterfark, and essentially, any time you deposit your bitcoins anywhere, invest them anywhere, or try to spend them anywhere, they will probably all be stolen.
 
2012-09-05 12:45:59 PM

2chris2: And this isn't even the biggest bitcoin crime of the week.

A bitcoin ponzi scheme, which was paying out 7% interest per week (which comes out to 3000+% interest per year) just collapsed, it supposedly contained some $5,000,000 worth of bitcoins. Everything involved with bitcoins is a clusterfark, and essentially, any time you deposit your bitcoins anywhere, invest them anywhere, or try to spend them anywhere, they will probably all be stolen.


Yep, good 'ol Pirate's ponzi scheme. Other lumanaries, such as Matthew N. Wright, joined in to "take bets", with Mr. Wright paying out if Pirate came through on his promise to pay out the ponzi after he shut it down. The rabbit hole on Bitcoin always goes deeper. Always.

Bitcoin: where getting 51% of your money back after it was stolen/hacked/invested stupidly is considered a good thing.
 
2012-09-05 12:50:08 PM

trotsky: LOLOLOLOL.

Bitcoin. The best comedy in LOLibertarian humor in years. Just go to Bitcoin.org (or.com or whatever it it) and browse through the forums. It's a hotbed of morons scamming each other, investing in blatant ponzi schemes (the originators even advertise them as ponzi scheme), idiots wanting bitcoin donations to buy and renovate old movie theaters to show episodes of Disney's "Ducktales" from his laptop and cheap home projector and idiots who sell dried fruit from the heat of their bitcoin mining operations.

It's seriously the funniest thing ever.


Once there are Bitcoin debt cards, it will be much easier to spend on real world items.
 
2012-09-05 12:51:04 PM

fluffy2097: lordaction: abhorrent1: lordaction: including NewEgg

Not sure where you got that information.

Newegg

1) Browse Newegg.com and add products to your cart. You do not need to login or create an account. Sorry, only transactions from Newegg.com (US) are supported at this time.

2) Click "View Shopping Cart." Rather than check out, click "Email Cart."

3) Enter newegg[[nospam-﹫-backwards] image 7x13]dnepstib[* image 7x13]com in the "To:" box and provide your email address in the "From:" box. (Please do not send any correspondence to this address as it will not be seen. Instead write to support[[nospam-﹫-backwards] image 7x13]dnepstib[* image 7x13]com for any questions.)

4) Provide a name, shipping address, and desired shipping method in the "Personalized note" section. (You may safely press enter in the notes without submitting the order)

5) Click 'Submit.' Via email you will receive a quote in BTC and a unique
bitcoin payment address. Use the bitcoin client or another client/service to send to the specified bitcoin address.

So I'm supposed to email some random person in panama who will then order stuff from newegg for me?

lol NO farkING WAY.


Oh, there are way better ways to use your bitcoins. First, some loser on Bitcoin.com (or .org or whatever) has to offer a service to purchase gift cards.

Step 1. Loser buys gift cards
Step 2. You send X number of bitcoins to loser, plus $2 to cover for his expenses.
Step 3. Loser complains that he's losing money on this deal.
Step 4. He doesn't have enough cash to actually buy the gift card in the first place.
Step 5. Loser takes a bitcoin loan from the Islamic Bank of Bitcoin (no interest for short loans) for $10.
Step 6. Loser buys gift card for X + two dollars.
Step 7: Loser loses money on the deal and you never get your giftcard.
Step 8: Loser asks for donations to buy a 1993 Ford Explorer. The Holy Grail of Losermobiles.


Simple, far better than evil fiat currency.
 
2012-09-05 12:52:31 PM

trotsky: 2chris2: And this isn't even the biggest bitcoin crime of the week.

A bitcoin ponzi scheme, which was paying out 7% interest per week (which comes out to 3000+% interest per year) just collapsed, it supposedly contained some $5,000,000 worth of bitcoins. Everything involved with bitcoins is a clusterfark, and essentially, any time you deposit your bitcoins anywhere, invest them anywhere, or try to spend them anywhere, they will probably all be stolen.

Yep, good 'ol Pirate's ponzi scheme. Other lumanaries, such as Matthew N. Wright, joined in to "take bets", with Mr. Wright paying out if Pirate came through on his promise to pay out the ponzi after he shut it down. The rabbit hole on Bitcoin always goes deeper. Always.

Bitcoin: where getting 51% of your money back after it was stolen/hacked/invested stupidly is considered a good thing.


The customers of MF Global would love to get that much of thier money back.

/no criminal charges of course 'cause they are politically connected
 
2012-09-05 12:58:04 PM
I'm confused... there are still people playing FarmVille?

surfwithberserk.com
 
2012-09-05 12:58:18 PM

mcreadyblue: Once there are Bitcoin debt cards, it will be much easier to spend on real world items.


A legitimate financial institution would have to want to touch bitcoins before that would ever happen.

No legitimate financial institute wants any part of them.
 
2012-09-05 01:09:48 PM

abhorrent1: WTF do you use Bitcoin for anyway?
I've never seen a site that you can use them at.


Drugs, Illegal weapons, presumably the Eastern European Stripper/Sex slave of your choice. The kinda places taht take them aren't on the "regular" internet and you need to install special software just to reach them according to a recent Wired article.

The folks who had money in Bitfloor are about to find out why strong government oversight and regulation of financial institutions and money transfers is a GOOD thing, especially when they realize there is not a BitCoin equivalent of an FDIC to make them whole when their bank gets "robbed"
 
2012-09-05 01:14:26 PM

fluffy2097: abhorrent1: Having drugs sent to you in the mail seems like a really bad idea.

Theoretically, Fedex and UPS can't inspect any packages for contraband or they lose their common carrier status and then have to be legally responsible for anything that gets shipped through them.

I'm gonna let someone else test that though. I like not being incarcerated.


Completely absolutely, and totally dead wrong I'm sorry to say. The contract you sign with Fedex and others allows them to open your package at any time for any reason. And for Fedex in particular that's a power they are only too happy to exercise on behalf of the US government (circumventing any warrant requirement). Fed Ex actually gives the DEA/FBI/Customs folks free office space at thier facilites, and in exchange the state of Tennessee has given offical police force status to thier corporate rent-a cops
 
2012-09-05 01:36:14 PM
Ha! Ha!
 
2012-09-05 01:48:35 PM

abhorrent1: WTF do you use Bitcoin for anyway?
I've never seen a site that you can use them at.


Transactions where neither the buyer nor seller trust each other. It's basically a black market currency.
 
2012-09-05 01:52:06 PM

SVenus: Who had September 2012 for a BitCoin shutdown?

Anyone?
Bueller?

//had January 2013,


Large bitcoin thefts happen all the time. This might depreciate their value for the short term, but they'll rebound again, like they always do.
 
2012-09-05 02:10:15 PM
I'd rather invest in tokens.
 
2012-09-05 02:21:41 PM
If nothing else, I'm glad that Bitcoin exists so that governments and think tanks can analyze the problems with a fully-digital currency without having to spend taxpayer money on their own version. It's also a great social experiment in terms of how people interact with money online.

That said, you'd have to be either desperate or a complete idiot to put any of your own cash into it, and it'll collapse fully within a few months.
 
2012-09-05 02:23:39 PM

Strolpol: If nothing else, I'm glad that Bitcoin exists so that governments and think tanks can analyze the problems with a fully-digital currency without having to spend taxpayer money on their own version. It's also a great social experiment in terms of how people interact with money online.

That said, you'd have to be either desperate or a complete idiot to put any of your own cash into it, and it'll collapse fully within a few months.


Some people enjoy risky investments/gambling. I had a friend who got into the bit-coin game early and made several thousand USD from it, on top of the equipment he bought for generating the bitcoins.
 
2012-09-05 02:25:28 PM

IrateShadow: Large bitcoin thefts happen all the time. This might depreciate their value for the short term, but they'll rebound again, like they always do.


For extremely loose definitions of "always": https://en.wikipedia.org/wiki/Bitcoin#Prices.
 
2012-09-05 02:32:43 PM

wmoonfox: For extremely loose definitions of "always": https://en.wikipedia.org/wiki/Bitcoin#Prices.


That's about as stable as any other investment.
 
2012-09-05 02:36:54 PM
Yes, FedEx reserves the right to open and inspect shipments. However, that simply isn't done as readily as you seem to be implying. The company is very focused on customer service, which includes customer confidence. If shipments were opened and inspected so frequently, customer confidence in general wouldn't be so high as to earn the company two consecutive world records for most packages in transit, over other giants like UPS and DHL.

However, they must reserve that right because there's a moron every minute knowingly sneaking booze, firearms or drugs through the system undocumented, creating legal and safety issues for all concerned. I don't know about you, but if I were FedEx, as an airline, I would certainly want to know about flammable/explosive/illegal substances being stowed aboard my planes and vehicles.

It's not about working on behalf of the government per se, but cooperation with legal authorities does go a heck of a lot further toward keeping operations smooth when you're the most popular carrier in the States, if not the world. At the receiving location's level, the company does everything it can to make sure a package's contents survive the process intact, and that the contents are safe, legal and documented.

If I'm taking the package, and if the customer is a shady shiat trying to sneak something by the counter as evidenced by the overwhelming smell of pine coming from the box, you can rest assured that package is going to be flagged at the terminal for inspection. What if it's a leaking (possibly flammable) solvent?

Should I just be a robot and blithely accept a shipment that could threaten the aircraft it's going to be stowed aboard, let alone the store in which it will be waiting for pickup?

What if it's just a cleaning liquid leaking? Should I not give a crap about the box of grandma's cookies bound for her grandson at college sitting next to it?

What if it's a drug shipment bound for a neighborhood near your kid's school? Should I just punch the buttons and end my day completely oblivious to the fact that I've become part of a process that will result in somebody's life going (or ending) very badly, very soon?

There's no conspiracy, and FedEx isn't going to be ripping open packages without a very good reason, and not without proper legal oversight and documentation.

/we now return you to your discussion about another pointless attempt to create a separate secure economy


Magorn: fluffy2097: abhorrent1: Having drugs sent to you in the mail seems like a really bad idea.

Theoretically, Fedex and UPS can't inspect any packages for contraband or they lose their common carrier status and then have to be legally responsible for anything that gets shipped through them.

I'm gonna let someone else test that though. I like not being incarcerated.

Completely absolutely, and totally dead wrong I'm sorry to say. The contract you sign with Fedex and others allows them to open your package at any time for any reason. And for Fedex in particular that's a power they are only too happy to exercise on behalf of the US government (circumventing any warrant requirement). Fed Ex actually gives the DEA/FBI/Customs folks free office space at thier facilites, and in exchange the state of Tennessee has given offical police force status to thier corporate rent-a cops

 
2012-09-05 02:38:30 PM

trotsky: Simple, far better than evil fiat currency.


Ahahaha I know about all the shiat you've mentioned. You read the bitcoin thread on SA?
 
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