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(BBC)   Man to sell his house for Bitcoins, only to lose it all after deleting the wrong file on his computer   (bbc.co.uk) divider line 67
    More: Fail, Canadian Man, transfer fee, global network, Canadians  
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11083 clicks; posted to Main » on 21 Mar 2013 at 6:41 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-21 06:44:18 AM  
citysarah.files.wordpress.com
 
2013-03-21 06:45:32 AM  
I call shenigans.
 
2013-03-21 06:47:27 AM  
Bitcoins are now a widely used alternative payments system

Widely? Really? LOL.
 
2013-03-21 06:47:46 AM  
This guy is clearly unaware of the danger that exists along the path from his bitcoin wallet through the bitcoin exchange and into a real bank account.

Real banks have these policies for a reason, and it isnt always just to squeeze some interest out of your funds.
 
2013-03-21 06:49:12 AM  
That was an article about a guy trying to bring popularity to virtual money.  I didn't see the part where he lost anything at all.

//Headline fail.
 
2013-03-21 06:49:13 AM  
Oh, and large purchases should never be done with untracable funds.... ever.
 
2013-03-21 06:50:36 AM  
This is kinda a silly notion to begin with. It's like saying "Cash Only" in your home listing, which usually means the house has serious issues that would prevent you from getting a mortgage.

Cash offers are also typically considerably less than conventional offers too. Quick, but not the highest offer for the seller.
 
2013-03-21 07:00:00 AM  
Some people criticize gold bugs for holding metal instead of widely accepted Fiat currency.

At least they hold onto a rare metal that can be bartered with. Bitcoins are less than central bank issued currency. You might as well stuff your pockets with monopoly money.
 
2013-03-21 07:01:13 AM  
I'm as upset with the banking industry as the next guy, but sometimes they do provide a useful service. Little things, like tracability, insured deposits, financial security...

What kind of project is this guy trying to hide that he needs ~$400,000 in bitcoins?

/Walter White approves.
 
2013-03-21 07:02:44 AM  
I exchanged all my bitcoins for those ultra-trendy new Invisible magic beans!

They're really hard to keep track of though.....
 
2013-03-21 07:03:02 AM  

Angry Buddha: I call shenigans.

 
2013-03-21 07:04:45 AM  
I thought bitcoins were just a generic term for any virtual currency. Gold in MMOs are 'bitcoins' for example, or Sony's Stationbucks, or Microsoft Points for things on XBOX Live.

I also didn't expect them to be worth £37 each.

Live and something, I guess.
 
2013-03-21 07:05:17 AM  
Bitcoins don't work that way....
 
2013-03-21 07:08:10 AM  
I got arrested for trying to pay with bitcoins at Taco Bell.
 
2013-03-21 07:17:36 AM  
Bitcoins are now a widely used alternative payments


thewallmachine.com
 
2013-03-21 07:18:21 AM  
I was also arrested trying to pay with bitcoins at Best Buy.
 
2013-03-21 07:20:17 AM  

ExperianScaresCthulhu: Angry Buddha: I call shenigans.


I swear to God that I am going to pistol whip the next guy who spells shenanigans wrong.
 
2013-03-21 07:21:46 AM  
Jason Biggs will be delighted.
 
2013-03-21 07:28:07 AM  

MythDragon: ExperianScaresCthulhu: Angry Buddha: I call shenigans.

I swear to God that I am going to pistol whip the next guy who spells shenanigans wrong.


Hey, what's the name of that restaurant with all the goofy shiat on the walls and the mozzarella sticks?
 
2013-03-21 07:31:46 AM  

Alonjar: Oh, and large purchases should never be done with untracable funds.... ever.


Says who? Are you a fed?
 
2013-03-21 07:33:51 AM  
Entrepreneur Taylor More listed his two-bedroom Alberta bungalow, asking 405,000 Canadian dollars (£261,000; $395,000) - or the equivalent in Bitcoins.

That's some great free advertising.
 
2013-03-21 07:35:31 AM  

Baldrick's Cunning Plan: MythDragon: ExperianScaresCthulhu: Angry Buddha: I call shenigans.

I swear to God that I am going to pistol whip the next guy who spells shenanigans wrong.

Hey, what's the name of that restaurant with all the goofy shiat on the walls and the mozzarella sticks?


oh, TGI Fridays!!!
 
2013-03-21 07:35:51 AM  

Niveras: I thought bitcoins were just a generic term for any virtual currency. Gold in MMOs are 'bitcoins' for example, or Sony's Stationbucks, or Microsoft Points for things on XBOX Live.

I also didn't expect them to be worth £37 each.

Live and something, I guess.


Nope, there is an actual, specific invented currency called Bitcoins. It's completely peer-to-peer rather than being backed by any government or bank, so the Net Hippies ("info just wants to be free, man!") love it. Too bad its value is extremely unstable. One bitcoin was worth £37 when the article was written; next week it might be 300, it might be 3.
 
2013-03-21 07:36:31 AM  

Dadoody: Some people criticize gold bugs for holding metal instead of widely accepted Fiat currency.

At least they hold onto a rare metal that can be bartered with. Bitcoins are less than central bank issued currency. You might as well stuff your pockets with monopoly money.


Gold is not rare and cannot buy you food. Neither are precious gems, or anything else. If the Fiat currencies fail, you'll be bartering with your labor, or your knowledge, or your warm, squishy bits.
 
2013-03-21 07:36:38 AM  
his project is a 2 decade long meth binge, sponsored by Silk Road, and FARK
 
2013-03-21 07:45:04 AM  
Some people criticize gold bugs for holding metal instead of widely accepted Fiat currency.

At least they hold onto a rare metal that can be bartered with.


I can't eat gold. It won't fit into my gas tank, and I can't screw it either. What is it about gold that gives it some sort of magic power that fiat currency doesn't have? If everybody stopped caring about the metal gold beyond its ability as an excellent conductor of electricity, its value would drop pretty fast, too.
Fiat currency is valuable because it's a scare resource people assign an arbitrary value to. Gold is valuable because it's a scare resource people assign a arbitrary value to.
If you really want to go hardcore, get rid of gold and currency and start trading in liters of gasoline, or in goats. That makes more sense than gold.
 
2013-03-21 07:47:27 AM  
"When you send money internationally it takes a week or more to do and costs hundreds of dollars"

Since when?
 
2013-03-21 07:50:34 AM  
CSB

I went to Taco Bell and ordered one of those new Cool Ranch Dorito tacos. I tried to pay with a 2 bitcoin bill that i printed on my color 3D printer at home. The cashier was all like "dis shiat be faker dan dat $2 bill some jerkwad tried to pay me wif a couple years ago. Fo shizzle." Then he called the cops on me...
 
2013-03-21 07:57:02 AM  
"He says the first reaction of his family was that of a shock."

"A" shock??
 
2013-03-21 08:03:35 AM  

Dick Gozinya: CSB

I went to Taco Bell and ordered one of those new Cool Ranch Dorito tacos. I tried to pay with a 2 bitcoin bill that i printed on my color 3D printer at home. The cashier was all like "dis shiat be faker dan dat $2 bill some jerkwad tried to pay me wif a couple years ago. Fo shizzle." Then he called the cops on me...


Who pays ~$140 for a taco?
 
2013-03-21 08:08:49 AM  

MythDragon: ExperianScaresCthulhu: Angry Buddha: I call shenigans.

I swear to God that I am going to pistol whip the next guy who spells shenanigans wrong.


I call Shannonograms on that....
 
2013-03-21 08:10:34 AM  

Dadoody: Some people criticize gold bugs for holding metal instead of widely accepted Fiat currency.

At least they hold onto a rare metal that can be bartered with.


Gold is not far away from being a fiat currency itself.  It may exist in finite amounts, but it still has no intrinsic value other than what we assign it.
The only currency that has "real" value is bartering with actual goods, but good luck running an economy on that.
There are a lot of good reasons to use a fiat currency, and it is no less legitimate than precious metals.
 
2013-03-21 08:10:41 AM  

Kraln: Dadoody: Some people criticize gold bugs for holding metal instead of widely accepted Fiat currency.

At least they hold onto a rare metal that can be bartered with. Bitcoins are less than central bank issued currency. You might as well stuff your pockets with monopoly money.

Gold is not rare and cannot buy you food. Neither are precious gems, or anything else. If the Fiat currencies fail, you'll be bartering with your labor, or your knowledge, or your warm, squishy bits.


Dude, we'd all have to till the fields. The only knowledge worth its weight in gold is how to produce food.
 
2013-03-21 08:10:58 AM  

Quantum Apostrophe: "He says the first reaction of his family was that of a shock."

"A" shock??


Maybe it was more of a stunner. That'd surprise the hell out of anyone.
 
2013-03-21 08:15:48 AM  

MythDragon: ExperianScaresCthulhu: Angry Buddha: I call shenigans.

I swear to God that I am going to pistol whip the next guy who spells shenanigans wrong.


Seriously though...how many times did you double-check your spelling before posting that to avoid self-ownage?
 
2013-03-21 08:49:39 AM  

MythDragon: ExperianScaresCthulhu: Angry Buddha: I call shenigans.

I swear to God that I am going to pistol whip the next guy who spells shenanigans wrong.


If it wanted to be spelled correctly, it should have been easier to spell. Stupid mick word...
 
2013-03-21 08:52:26 AM  
I am selling my car for 7.5m calories.  You can choose method of conveyance.
 
2013-03-21 08:53:22 AM  

freddie freeloader: MythDragon: ExperianScaresCthulhu: Angry Buddha: I call shenigans.

I swear to God that I am going to pistol whip the next guy who spells shenanigans wrong.

Seriously though...how many times did you double-check your spelling before posting that to avoid self-ownage?



Twice.
I wasn't about to fark that up.
 
2013-03-21 09:17:09 AM  

LoneDoggie: I am selling my car for 7.5m calories.  You can choose method of conveyance.


Is your car a Fiat? I have the impression in this thread that Fiats can be used for legitimate payments. So you are really not selling it just converting, right?
 
2013-03-21 09:38:00 AM  
Britcoms?  Why would anyone sell their house for Britcoms?
 
2013-03-21 09:39:40 AM  

LoneDoggie: I am selling my car for 7.5m calories.  You can choose method of conveyance.


a.onionstatic.com

53,572 cans coming up. I hope you like Cholesterol
 
2013-03-21 09:45:52 AM  
Don't all you dumbasses start running to me when the apocalypse comes because I was smart enough to sell my house for a storage shed full of 9/11 commemorative coins.
 
2013-03-21 09:57:54 AM  
BITCOIN! The currency of the future. Here's how a simple BTC transaction works:

You want a burrito. So, you tell the cashier that you want to pay in BTC. He has to go get the manager, who brings his laptop and you two conduct a transaction. The transaction time takes 10 minutes, plus fees. Your burrito ends up costing around $15 because of all the fees and procession. Also, the time involved.

Alternately, you could pay for gas in BTC. First, find a guy who's willing to convert the BTC into filthy fiat. Next, download the block chain. This takes, oh, a week. Next have guy meet you at the gas station. Then swap BTC with him. Wait 10 to 15 minutes, depending on lag, for the transaction to go through. Then, buy sweet, sweet gas.

Also, if this guy wants to cash out he has to provide his life story to a Magic the Gathering Exchange outfit in Japan. And he can only cash out about $1000 of filthy fiat a day. If he's lucky the exchange rate doesn't burst (it's $60 or so right now. Up from $30 the other day, very stable).

I love the stories on the buttcoin forums where some LOLibertarian tips some poor waitress with some stupid partial bitcoin.

Butcoin, the money of the future. VERY MISLEADING.
 
2013-03-21 10:04:21 AM  

LoneDoggie: I am selling my car for 7.5m calories.  You can choose method of conveyance.


Are you selling it for calories or Calories? Big diff!
 
2013-03-21 10:09:38 AM  

Baron Harkonnen: Some people criticize gold bugs for holding metal instead of widely accepted Fiat currency.

At least they hold onto a rare metal that can be bartered with.

I can't eat gold. It won't fit into my gas tank, and I can't screw it either. What is it about gold that gives it some sort of magic power that fiat currency doesn't have? If everybody stopped caring about the metal gold beyond its ability as an excellent conductor of electricity, its value would drop pretty fast, too.


It's also extremely stable.  Unlike other hard currencies like sodium dollars or lithiumbucks, gold doesn't react with moisture.


Fiat currency is valuable because it's a scare resource people assign an arbitrary value to. Gold is valuable because it's a scare resource people assign a arbitrary value to.
If you really want to go hardcore, get rid of gold and currency and start trading in liters of gasoline, or in goats. That makes more sense than gold.


In one of Gene Wolfe's more awesome books, there's a very brief passage where the main character imagines a society that uses honor as a currency.  You do honorable deeds, you become a richer person.  You shutdown power plants to raise the price of electricity, resulting in people's deaths, you end up homeless on the street, begging for "spare honor".
 
2013-03-21 10:22:37 AM  

over_and_done: In one of Gene Wolfe's more awesome books, there's a very brief passage where the main character imagines a society that uses honor as a currency.  You do honorable deeds, you become a richer person.  You shutdown power plants to raise the price of electricity, resulting in people's deaths, you end up homeless on the street, begging for "spare honor".


Interesting idea. Do you know which book?
 
2013-03-21 11:12:51 AM  

Cybernetic: over_and_done: In one of Gene Wolfe's more awesome books, there's a very brief passage where the main character imagines a society that uses honor as a currency.  You do honorable deeds, you become a richer person.  You shutdown power plants to raise the price of electricity, resulting in people's deaths, you end up homeless on the street, begging for "spare honor".

Interesting idea. Do you know which book?


Well, the brief passage is about the same length as my text that you quoted.  So, really really brief.  :-)   Wolfe's an incredible author, mostly science fiction, but don't buy a copy expecting to read about honor-based currencies.

As to which book... it's from his The Book of the New Sun tetralogy (four volumes), but I don't remember which book of the four.  It's some seriously challenging reading -- the character of the narrator is not always truthful with the reader, the language is deliberately archaic, and the setting is very different from our own culture but not described in detail (because the narrator assumes that you-the-reader is looking back on familiar past events instead of forward to a future society).  It's dense, heavy stuff, and rewards multiple readthroughs.

If you're looking for something to read, I'd highly recommend The Book of the Long Sun.  Also by Wolfe, also four volumes, and (strictly speaking) set in the same story universe.  Much easier reading however.  The central character is equally complex without being insane.  The setting is more accessible, although details are still left for the reader to deduce instead of listing them explicitly (the cover art actually gives away a plot point).

Once you've finished Long Sun, then you'll be ready for New Sun.  It's like a training regimen for the reading muscles.  :-)
 
2013-03-21 11:26:46 AM  
Jesus Christ. I just checked and they're trading for almost $70 now. When I first saw them, they were less than $1. Damn, should have stocked up. Too late now. Unless, they go to $200 or something. Ridiculous.
 
2013-03-21 11:26:52 AM  

Baldrick's Cunning Plan: What kind of project is this guy trying to hide that he needs ~$400,000 in bitcoins?


What I came on here to say.

There are 'vendors' that require bitcoins for payment, and there are purchases requiring six-figure sums to be spent, but I can't even begin to imagine a project dark enough to merge the two.
 
2013-03-21 12:02:51 PM  
Fark goes father downhill everyday.

False headlines are stupid and submitter should be banned.
 
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