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Bitcoin refuses to flip: Virtual currency stays strong despite bankruptcies, gyrating rates
The Washington Post ^
| 8 March 2014
| Craig Timberg
Posted on 03/09/2014 2:03:34 PM PDT by Errant
Future generations of Bitcoin billionaires may someday look back on 2014 with knowing smiles. Here was a year when thefts spread, exchanges collapsed, rates gyrated like a teenager’s moods. And yet the buying of bitcoins showed no signs of abating.
The past week was particularly extreme. The apparent suicide of an American business executive in Singapore was investigated for possible ties to her Bitcoin investments. A California man fingered as the currency’s mysterious inventor reacted to his sudden fame by asking that journalists buy him lunch. After finishing his meal at a sushi restaurant, he went on to deny any role whatsoever in Bitcoin.
(Excerpt) Read more at washingtonpost.com ...
TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: banking; bitcoin; crypto; currency; fraud; opportunity; ponzi; pyramid
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1
posted on
03/09/2014 2:03:34 PM PDT
by
Errant
To: Lurkina.n.Learnin; nascarnation; TsonicTsunami08; SgtHooper; Ghost of SVR4; Lee N. Field; DTA; ...
Click to be Added / Removed.
2
posted on
03/09/2014 2:04:18 PM PDT
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Errant
The “weak sisters” and poorly secured websites are being weeded out as Bitcoin gradually works its way to stability.
To: Errant
A California man fingered as the currency’s mysterious inventor reacted to his sudden fame by asking that journalists buy him lunch. After finishing his meal at a sushi restaurant, he went on to deny any role whatsoever in Bitcoin.
I LOLed at that one.
4
posted on
03/09/2014 2:52:03 PM PDT
by
Lee N. Field
(I beat wasp nests with a stick for fun.)
To: Lee N. Field
Lol, me too!
Yep, they've probably got the right guy alright... ;)
5
posted on
03/09/2014 2:58:46 PM PDT
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: House Atreides
Completely agreed. It’s the “free” market at work...
6
posted on
03/09/2014 2:59:30 PM PDT
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Errant
dogecoin is better than bitcoin
7
posted on
03/09/2014 3:07:51 PM PDT
by
RockyTx
To: Errant
It’s as much a religion as it is a virtual medium of exchange. It’s not just going to disappear.
8
posted on
03/09/2014 3:08:30 PM PDT
by
wideawake
To: RockyTx
Tell me more about it... I’ve been thinking of switching from Ltc mining to Dogecoin...
9
posted on
03/09/2014 3:13:58 PM PDT
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: wideawake
10
posted on
03/09/2014 3:14:36 PM PDT
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Errant
Bitcoin, or something like it, is the only hope of escaping the New World Order’s manipulated currency. It, or something like it, is not going away.
11
posted on
03/09/2014 3:26:50 PM PDT
by
E. Pluribus Unum
(If Barack Hussein Obama entertains a thought that he does not verbalize, is it still a lie?)
To: Errant
Errant:::
sorry, my post is meant partly in humor.
................
all these hundreds of cryptocurrencies look
mostly the same to me.
everything i know about dogecoin
can be found on Wikipedia
12
posted on
03/09/2014 3:41:10 PM PDT
by
RockyTx
To: RockyTx
13
posted on
03/09/2014 3:42:33 PM PDT
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: wideawake
It’s as much a religion as it is a virtual medium of exchange. It is definitely both. Is it also an antidote to the state religions of fiat currency "stability", economic "stability", Keynesianism, etc. The economy can finally flourish without the state sitting on it and squashing it.
14
posted on
03/09/2014 3:43:01 PM PDT
by
palmer
(There's someone in my lead but it's not me)
To: RockyTx
Nice altcoin joke. It is actually the case that dogecoin’s popularity stems from its ludicrousness.
15
posted on
03/09/2014 3:44:31 PM PDT
by
palmer
(There's someone in my lead but it's not me)
To: Errant
If I were a potential billionaire, I’d keep quiet as well.
16
posted on
03/09/2014 3:58:45 PM PDT
by
Jonty30
(What Islam and secularism have in common is that they are both death cults)
To: E. Pluribus Unum
17
posted on
03/09/2014 6:44:45 PM PDT
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Errant
I’ve been thinking of switching from Ltc mining to Dogecoin...
Me too. The recent increased diff for LTC has been tough. Sort of wish LTC could stay under the radar a little longer.
To: mmichaels1970
The recent increased diff for LTC has been tough. Indeed! Let me know if you switch... I'll do the same. :-)
19
posted on
03/09/2014 7:44:51 PM PDT
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Errant
Coinotron's home page shows a profitability index for LTC, FTC, and DOGE that I haven't quite been able to wrap my brain around. LTC is still showing the highest profitability index with DOGE occasionally bumping above it.
If I trust coinotron's number, LTC is still the best move. However, I've been looking around to see if that is indeed the best thing I can be mining right now.
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