Pages

Jump to bottom

11 comments

1 Skip Intro  Fri, Feb 7, 2014 8:42:56am
“To understand the issue thoroughly, the system needs to be in a static state,” Mt.Gox said in a statement. “We apologize for the sudden short notice.”

Short version: “We don’t have any idea how this system works”.

2 Ace-o-aces  Fri, Feb 7, 2014 9:05:32am

Something like this would never happen in a truely free maket sys…..oh wait.

3 missliberties  Fri, Feb 7, 2014 9:21:38am

Bit Coin is the currency of enterprising criminals who don’t want their activities traced.

4 Jayleia  Fri, Feb 7, 2014 10:08:04am

re: #3 missliberties

And of paranoids that don’t want THEM knowing what you’re doing with money.

5 Jay in Oregon  Fri, Feb 7, 2014 10:16:32am

Are you kidding? Now is the time to BUY BUY BUY!

(Because I just bought a bunch of BTC and need the price to go up…)

6 Political Atheist  Fri, Feb 7, 2014 10:19:24am

Bitcoin is Dudebro “cash”.

Dudebro cash is as Dudebro logic.

7 ausador  Fri, Feb 7, 2014 10:19:45am

re: #4 Jayleia

And of paranoids that don’t want THEM knowing what you’re doing with money.

Hah, only paranoid nutters worry about THEM, any rational thinking person knows that the true threat comes from THEY!

Think about it, do you ever hear “THEM hacked my bank account or THEM are watching me and listening to my phone calls?” No you don’t. It is almost always THEY who people claim are responsible (except in certain areas of the deep rural South for some unknown reason).

/

8 BusyMonster  Fri, Feb 7, 2014 12:57:35pm

This is enjoyable. Yes, here is an empirical case study of a totally free market. FAIL.

9 PeterWolf  Fri, Feb 7, 2014 5:35:41pm

Comparing bitcoin to the commonly accepted concept of a free market is, silly. For a start, no market is truly free. The bitcoin concept is interesting, and you can tell from the attention regulators in various countries are giving to bitcoin that the underlying concept scares the establishment.

10 wheat-dogghazi  Fri, Feb 7, 2014 6:40:29pm

MtGox was originally a gaming site that added bitcoin trading when Bitcoins were worth less than $5 each. When bitcoin took off last year, MtGox wasn’t well prepared, and in recent weeks there have been a lot of complaints by users about long delays in withdrawing coin and regular currency. There was also concern that MtGox exchange rates were typically $30-$40 higher than at other exchanges. It looks like MtGox halted withdrawals to get its systems in order.

11 Sherlock Hound  Fri, Feb 7, 2014 7:13:35pm

I don’t hold any cryptocurrency, but a guilty pleasure of mine is to lurk on the Reddit communities, /r/bitcoin and /r/bitcoinmarkets.

/r/bitcoin has as its ad, a very childishly drawn wizard (apparently done in MSPaint, Win95Windows for Workgroups that promises “Magic Internet Money”.

It’s not childish, or demeaning.

They’re really like that.

You don’t spend a fiver at the package store for a liter of Coke and a few candy bars—you spend rotten fiat! And then complain bitterly that you won’t go to the package store ever again really ‘cuz they won’t take Bitcoin!

That’s a common whine at any given moment there. Wikipedia don’t take Bitcoin? Boycott! (But interestingly, WikiLeaks does. I know which of the two I would trust more with my donation. Sorry, Julian.)

A few weeks ago when that Winklevoss associate got arrested, they were saying “oh, but why is money laundering illegal anyway. Victimless crime!” (I suppose if there were victims of guns or bombs bought with this money, that would not be relevant.)

Now, with Mt. Gox having its problems, someone goes, “well, duh, why ain’t it regulated?”

Facepalm. You wanted free markets.

They’re nuts. But I make the popcorn just the same, I just can’t help watching Reddit get stupid again. And again.


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal
Square Cash Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
Raised by Wolves — New Ridley Scott Television Series Mother was programmed to protect everyone after Earth had been destroyed. When the big bad wolf shows up, she is the one we must trust. Subscribe: bit.ly Be the first to know more:HBO Max: hbom.axLike HBO Max on Facebook: ...
Thanos
1 day, 21 hours ago
Views: 214 • Comments: 0 • Rating: 0
Tweets: 3 • Share to Facebook
Black Pumas - Confines (Official Live Session With String Quartet) “Confines (Live in Studio)” is available now to stream/download. It is from the deluxe edition of the Black Pumas’ debut album which will be released digitally August 28 and physically October 9. Pre-order in 2xLP, 2xCD and digital formats: ...
Thanos
3 days, 18 hours ago
Views: 331 • Comments: 0 • Rating: 0
Tweets: 3 • Share to Facebook
Orville Peck - Smalltown Boy (Official Audio) Official audio for Orville Peck’s cover of "Smalltown Boy" by Bronski Beat out now: orvillepeck.lnk.to Pre-save / Pre-add Orville's new EP Show Pony here: orvillepeck.lnk.to Amazon - orvillepeck.lnk.toApple Music - orvillepeck.lnk.toiTunes - orvillepeck.lnk.toSoundcloud -  orvillepeck.lnk.toSpotify - orvillepeck.lnk.toYouTube Music - orvillepeck.lnk.toYouTube -  orvillepeck.lnk.to Follow Orville PeckFacebook - facebook.comInstagram - instagram.comTwitter - @orvillepeck orvillepeck.com LyricsTo ...
Thanos
4 days, 19 hours ago
Views: 391 • Comments: 0 • Rating: 0
Tweets: 6 • Share to Facebook
Norah Jones - to Live "To Live" is taken from Norah's newest album 'Pick Me Up Off The Floor,' out now and available to stream/download here: norahjones.lnk.to Connect with Norah:norahjones.cominstagram.comfacebook.com@NorahJones See Norah live: norahjones.com Music video by Norah Jones performing To Live. © 2020 ...
Thanos
1 week, 1 day ago
Views: 574 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Future Islands - for Sure (Official Video) 'For Sure' by Future Islands, out now on all platforms: futureislands.ffm.to A Film by Samuel Jerome MasonFinishing by John HarrisonRendered with GarageFarmSpecial Thanks to Anna, Jemima, Mike, Willy, Saad, Eric, Arsen Perish the painI was impoverishedThose ties that windAnd ...
Thanos
1 week, 1 day ago
Views: 568 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Andrew McMahon in the Wilderness - Get on My Wave I wrote and produced “Get On My Wave” with Kyle “King Tuff” Thomas the day we met last summer. I’ve struggled with releasing the song during the pandemic because it felt too happy; detached from the tumult of our ...
Thanos
1 week, 1 day ago
Views: 567 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
J. Balvin, Dua Lipa, Bad Bunny, Tainy - UN DIA (ONE DAY) Stream "UN DIA (ONE DAY)" on your favorite streaming platform: jbalvin.lnk.to Subscribe to my YouTube channel here: youtube.com Connect with J Balvin on socials: instagram.com@jbalvinfacebook.comtiktok.com LYRICS Dua Lipa:You know sometimes I think about us Now and thenBut I never ...
Thanos
1 week, 1 day ago
Views: 596 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Travis - a Ghost (Acoustic Isolation Video) The official Acoustic Isolation Video for A Ghost by Travis. The new album 10 Songs is out 9 October, pre-order now: travis.lnk.to Listen to A Ghost: travis.lnk.to Production Company: Gezellig Studio  Video Director: Fran Healy Cinematographers: Clay Kryst, Sam ...
Thanos
1 week, 3 days ago
Views: 693 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Amy Macdonald - a Piece of My Heart (Brand New Song) I’ve written a little song about this mad situation... 💥🎸 Lyrics by Amy Macdonald: Nobody ever could see just what was coming, nobody thought that it was true, And nobody knew that we would miss each other, quite as ...
Thanos
1 week, 5 days ago
Views: 843 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Modern English - I Melt With You (From Quarantine) Modern English - I Melt With YouSubscribe to Modern English on YouTube: youtube.com Shop Modern English merchandise: shop.bandwear.com Listen to the single "I Melt With You"Apple Music: music.apple.comSpotify: open.spotify.comAmazon: amazon.com LYRICSMoving forward using all my breathMaking love to you ...
Thanos
1 week, 5 days ago
Views: 825 • Comments: 0 • Rating: 2
Tweets: 1 • Share to Facebook