Popcorn Johnny: I just read a thread on reddit about a guy who took out a $30,000 loan, invested it all in bitcoins, and has a couple hundred grand a few months later.
Flash_NYC: FTFA: "Another bitcoin associated company Instawallet - an online storage service - was hacked earlier this week and its service was suspended indefinitely."Our database was fraudulently accessed, due to the very nature of Instawallet it is impossible to reopen the service as-is," it said on its website."In other words, we didn't bother to hire a competent DBA, or listen to them when they said the database needed to be backed up properly. We went with the "just back everything up to tape, which worked on my laptop and desktop, so it should work on a busy, multi-user, database system, right? RIGHT!!! By the way fire the DBA, it's too much of a hassle to hear them complain about no backups, what do you think the TAPE DRIVES are for?!!!!!"/ too many IT people believe this// too many IT managers believe this
schrodinger: He doesn't have a couple hundred grand until he actually manages to sell them
jfarkinB: iawai: jfarkinB: I understand some of the philosophical ideas behind Bitcoin, but in light of news like this, it's really, really hard for me to take it seriously.So if a bank robbery happened, you'd stop taking the US dollar seriously, too?If a single bank robbery meant that all my dollars lost 20% of their value overnight, yes, yes, I would.
Ned Stark: I mined about 90 bitcoins way back near the start. Uninstalled and deleted everything because I decided it was stupid and they would never be worth anything.I need a drink.
iawai: jfarkinB: I understand some of the philosophical ideas behind Bitcoin, but in light of news like this, it's really, really hard for me to take it seriously.So if a bank robbery happened, you'd stop taking the US dollar seriously, too?
fluffy2097: Yes, because dollars are real money.
fluffy2097: You can only buy drugs, child porn, and webhosting with it, but it IS tax exempt, The same way your collection of wooden nickles is.
doctorguilty: What's the exchange rate from bitcoins to quatloos?
wejash: Was Bitcoin set up by L Ron Hubbard? Just seems like his kind of thing.
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