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Messages - Lugnut

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9766
Off Topic / Re: Bitcoin. Virtual currency that can be converted into real money.
« on: May 14, 2011, 04:09:49 PM »
I have no bloody idea.
I saw an image with just under 100k, but that could be ten days old, two years or ten minutes. I have no clue.

9767
Off Topic / Re: Bitcoin. Virtual currency that can be converted into real money.
« on: May 14, 2011, 04:05:06 PM »
No, hell no. Generating is where you have your computer compute the hashes for new bitcoins.

It's very CPU intensive.
If you have a spare computer go for it.

9768
Off Topic / Re: Bitcoin. Virtual currency that can be converted into real money.
« on: May 14, 2011, 03:38:33 PM »
www.youtube.com/watch?v=Um63OQz3bjo

This should hopefully clear some things up.

9769
Off Topic / Re: Bitcoin. Virtual currency that can be converted into real money.
« on: May 14, 2011, 03:30:05 PM »
Even if you don't trust the trade aspect, there are small companies that deak inhese things.


You could buy socks with them.
You could buy lattes with them.


Quote from: Jorici on May 14, 2011, 03:25:43 PM
Yes but you do for the initial transaction of buying it.
Okay, okay. STOP.
this thing is completely free, what the hell are you going on about?

9770
Off Topic / Re: Bitcoin. Virtual currency that can be converted into real money.
« on: May 14, 2011, 03:20:55 PM »
You guys don't understand.


You don't need your credit card to use bitcoins.
That's solely if you want to make them into real cash.

9771
Off Topic / Re: okay wat port forwarding
« on: May 14, 2011, 03:19:43 PM »
I suggest you change your topic title.
I came in here expecting a stupid topic, and got a rather Intelligent one.

9772
Off Topic / Re: Bitcoin. Virtual currency that can be converted into real money.
« on: May 14, 2011, 03:16:40 PM »
It does seem fishy.
The p2p part is so all the people with the client can authenticate transactions.

And Jorici, you trust it like you would any other website.
There are businesses dealing completely in bitcoins.

What the hell don't you trust?
The real money portion?

9773
Off Topic / Re: Bitcoin. Virtual currency that can be converted into real money.
« on: May 14, 2011, 03:12:33 PM »
Bump

9774
Off Topic / Re: Got too much lead stuck in my pencil.
« on: May 14, 2011, 03:07:27 PM »
I thought this topic was abou- Nevermind. I was right.

9775
Forum Games / Re: Roll To Dodge: Revived
« on: May 14, 2011, 03:02:30 PM »
2 days max to take a turn!
Let's go for a month!

9776
Games / Re: Space Station 13, Now with less OP eye-rape!
« on: May 14, 2011, 05:22:35 AM »
Quote from: Madmitten on May 13, 2011, 09:45:46 PM
scientist and engineer is horribly boring
I find engineer to be fun...

9777
Games / Re: Terraria - 2D Minecraft More focused on RPG/Action, COMING MONDAY, $9.99
« on: May 14, 2011, 05:19:34 AM »
I fully intend to purchase this ASAP

9778
Off Topic / Bitcoin. Virtual currency that can be converted into real money.
« on: May 14, 2011, 03:56:06 AM »
Did I get your attention with the 'real dough' part?
Bitcoin is a P2P program that basically is a virtual currency.
https://en.bitcoin.it/wiki/Main_Page

Quote
Bitcoin is a digital currency created in 2009 by Satoshi Nakamoto. It is also the name of the open source software designed in order to use this currency.

Bitcoin is one of the first implementations of a concept called cryptocurrency, which was first described in 1998 by Wei Dai on the cypherpunks mailing list. Building upon the notion that money is any object, or any sort of record, accepted as payment for goods and services and repayment of debts in a given country or socio-economic context, Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities.

There are services to turn the Bitcoins into real money, either by wire, mail, PayPal
Take your pick.
Quote
FAQ

Q. What is Bitcoin?

A. Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network.

Q. How does Bitcoin work?

A. Bitcoin utilises public-key cryptography. A coin contains the owner's public key. When a coin is transferred from user A to user B, A adds B’s public key to the coin, and the coin is signed using A's private key. B now owns the coin and can transfer it further. A is prevented from transferring the already spent coin to other users because a public list of all previous transactions is collectively maintained by the network. Before each transaction the coin’s validity will be checked.

No, this is not illegal.

Go on, go!

9779
Games / Re: Terraria - 2D Minecraft More focused on RPG/Action, COMING MONDAY, $9.99
« on: May 13, 2011, 10:23:11 PM »
Quote from: Menen on May 13, 2011, 10:09:11 PM
i wanna play SO BAD
You wanna be a billionaire
so forgetin bad

9780
Games / Re: Terraria - 2D Minecraft More focused on RPG/Action, COMING MONDAY, $9.99
« on: May 13, 2011, 09:45:56 PM »
Quote from: Menen on May 13, 2011, 09:42:11 PM
Banned from what? The Fourms?
Yeah.

Quote from: ? on May 13, 2011, 03:06:45 PM
is also, is anyone hosting right now?

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