Gyroscopic Investing

https://www.theguardian.com/technology/ ... -bug-ether

"More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports."

Kriegsspiel wrote:https://www.theguardian.com/technology/ ... -bug-ether

"More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports."

"Effectively, a user accidentally stole hundreds of wallets simultaneously, and then set them on fire in a panic while trying to give them back."

Back into the ether?

That's almost as bad as losing all your gold in a boating accident, which happened to me.

ochotona wrote:That's almost as bad as losing all your gold in a boating accident, which happened to me.

i swear i honestly thought it would float...

+1 for fiat? Inflation erases any lost treasures

What was the name of that fellow who was giving out small amounts of bitcoin a few years ago on this site? It might have been a Dutch sounding name but not certain about that. I'd like to find his posts on here, if possible.

Marc

Here you go viewtopic.php?f=10&t=5323#p82707

dualstow wrote:Marc

Here you go viewtopic.php?f=10&t=5323#p82707

Thanks, dualstow!
How would one go about finding this bitcoin and cashing it out? Does anyone still own their's?
Was it on mtgox.com, which went under?

I don’t think it was on Mt Gox. I still have mine, though I’ve been meaning to cash it in.

I see on Nov 18, 2013, I urged Marc to spend his bitcoin already because it had reached US$600. !

dualstow wrote:I don’t think it was on Mt Gox. I still have mine, though I’ve been meaning to cash it in.

I see on Nov 18, 2013, I urged Marc to spend his bitcoin already because it had reached US$600. !

I just sent you a PM.

I will read the pm in a sec. I just googled my wallet string which I found on page 7. Looks like I have 56 transactions and a balance of zero. Funny, I should have only one transaction:Marc’s gift. Hmm.

Yes. I see how to get to my account and I click on make payment. It takes me to a page where I can select the amount of the bitcoin to sell and then instructs me to copy a link to my clipboard to use to send the payment. After that I don't know how to proceed. I would like to send the payment to myself somehow, but in the form of actual cash (say to Paypal if its easiest). I can get the link to make the payment but then what should I do to send the payment to myself? Thanks.

dualstow wrote:I will read the pm in a sec. I just googled my wallet string which I found on page 7. Looks like I have 56 transactions and a balance of zero. Funny, I should have only one transaction:Marc’s gift. Hmm.

Uh oh... sounds like you got ganked!

False alarm; I was reading it wrong. Even though I googled my own wallet string, that seems to be Marc’s that I was looking at. (Zero bitcoins? Hope he has many wallets). I guess that’s the way the ledger works.

Turns out I still have the 0.1 btc. I’m sure I read that wrong a few years ago, too.

dualstow wrote:False alarm; I was reading it wrong. Even though I googled my own wallet string, that seems to be Marc’s that I was looking at. (Zero bitcoins? Hope he has many wallets). I guess that’s the way the ledger works.

Turns out I still have the 0.1 btc. I’m sure I read that wrong a few years ago, too.

Ended up being a quite generous gift! To hold or to sell? (sell)

Bitcoin and Ethereum Prices Take a Hit After Another Cryptocurrency Was Hacked

dualstow wrote:Even though I googled my own wallet string, that seems to be Marc’s that I was looking at. (Zero bitcoins? Hope he has many wallets). I guess that’s the way the ledger works.

dualstow, it's possible to look at how much cryptocurrency other people have if you know how?

I don't know if I'm looking at the complete picture, but it seems like if you know someone's wallet string, you can google it. It does show the balance as zero. Now I doubt Marc has zero, but maybe that particular wallet does.
I really know very little about bitcoin having done only one transaction: passively receiving fractional bitcoin from Marc.
(I'm waiting on verification from a trading site, but it appears to be out of order this week. Well, not appears. Customer service wrote back to me and confirmed it). So much for cashing out in a hurry. Maybe it'll be fixed when 1 bitcoin = $45.

We need to ask someone who knows what they're talking about. Where's that bitcoin_in_the_vp person? Or Pointed Stick?

Don't forget to claim your capital gains on Bitcoin sales. Especially if it is through coinbase. I expect they will get audited if they haven't already.

dualstow wrote:I don't know if I'm looking at the complete picture, but it seems like if you know someone's wallet string, you can google it. It does show the balance as zero. Now I doubt Marc has zero, but maybe that particular wallet does.
I really know very little about bitcoin having done only one transaction: passively receiving fractional bitcoin from Marc.
(I'm waiting on verification from a trading site, but it appears to be out of order this week. Well, not appears. Customer service wrote back to me and confirmed it). So much for cashing out in a hurry. Maybe it'll be fixed when 1 bitcoin = $45.

We need to ask someone who knows what they're talking about. Where's that bitcoin_in_the_vp person? Or Pointed Stick?

Send out the

hahaha!

Kriegsspiel wrote:
Send out the

By the way, that would be funny if bitcoininthevp and Marc were the same person...
...

I wonder how this compares to oil and gas used to pull gold out of the ground.

https://powercompare.co.uk/bitcoin/

Cortopassi wrote:I wonder how this compares to oil and gas used to pull gold out of the ground.

Kriegsspiel wrote: Now, it's gonna take resources to make money, how does bitcoin compare to gold in the resources it takes to "make" it: bitcoin is about 7x more resource-intensive than gold. That's using an "optimistic" number for the energy requirements of bitcoin. Taken from here. But if a bitcoin is worth $6,800 and an ounce of gold is worth $1,275, maybe you could say that bitcoin is only 1.3x as resource intensive ($673 worth of currency created/barrel of oil vs $910 for gold) using the same numbers?

Kriegsspiel wrote:

Cortopassi wrote:I wonder how this compares to oil and gas used to pull gold out of the ground.

Kriegsspiel wrote: Now, it's gonna take resources to make money, how does bitcoin compare to gold in the resources it takes to "make" it: bitcoin is about 7x more resource-intensive than gold. That's using an "optimistic" number for the energy requirements of bitcoin. Taken from here. But if a bitcoin is worth $6,800 and an ounce of gold is worth $1,275, maybe you could say that bitcoin is only 1.3x as resource intensive ($673 worth of currency created/barrel of oil vs $910 for gold) using the same numbers?

Thanks. Missed that.

When you stop using the "coin" part of the name, the whole issue gets framed differently:

YOU'RE TRADING CURRENCY FOR TOKEN.

Why is it when they show images representing bitcoin, they show goldeny looking coins? Because it farks with the logical part of your brains.