4Chan Accepts Bitcoin • Hacker News Board

Re: 4Chan Accepts Bitcoin

#21

Post by frozenport » Thu, Dec 13, 2012, 12:38 PM UTC

scotty79 wrote: post #13

Nursie wrote: post #6

Awesome, between /b/, money launderers, the Silk Road, and its arms-dealing offshoot, bitcoin may have attracted the attention of all the scumbags on the internet!

I'm strongly surprised that is not widely used for money laundering yet. It seems perfect for the purpose of storing value and moving it semi-anonymously. Especially since you can just buy a bunch of very generic hardware with stolen money and mine pure money. I'm hoping underground will adopt bitcoins widely before I'll be forced to sell the ones I own. Maybe there has to be generation change for that, but luckily g…

Not enough coins. Money laundering is billions and billions of dollars. How does one anonymously move 1 billion dollars, without suspicion? Any large purchase or sale sticks out like a sore thumb.

Re: 4Chan Accepts Bitcoin

#22

Post by 1337biz » Thu, Dec 13, 2012, 12:47 PM UTC

duiker101 wrote: post #11

jrogers65 wrote: post #7

Earlier quoted context omitted.

Why do you consider people who frequent the Silk Road to be scumbags?

Because usually it's people that do shady things, not bad things maybe, just things that people don't want you to see, no matter if it's just trading pot or else, or even if you have the best intentions. If you do need/want to hide something, people will assume you are doing something bad, and therefore you are a scumbag. Personally I don't care but this is how the world usually works.

If you do need/want to hide something, people will assume you are doing something bad, and therefore you are a scumbag.

This is sad. I don't buy into this "You don't need privacy if you have nothing to hide" argument. In my opinion OP was just trolling by wrapping up of a bunch of unrelated "things" in the statement.

Re: 4Chan Accepts Bitcoin

#23

Post by ceol » Thu, Dec 13, 2012, 1:25 PM UTC

Udo wrote: post #14

Nursie wrote: post #6

Awesome, between /b/, money launderers, the Silk Road, and its arms-dealing offshoot, bitcoin may have attracted the attention of all the scumbags on the internet!

Come on, equating 4chan with the worst of /b/ is a little like judging HN solely based on the spammy posts on the /newest page.

Not really, unless the majority of HN users come for the spammy posts on the /newest page.

Re: 4Chan Accepts Bitcoin

#24

Post by hamoid » Thu, Dec 13, 2012, 1:32 PM UTC

duiker101 wrote: post #11

jrogers65 wrote: post #7

Earlier quoted context omitted.

Why do you consider people who frequent the Silk Road to be scumbags?

Because usually it's people that do shady things, not bad things maybe, just things that people don't want you to see, no matter if it's just trading pot or else, or even if you have the best intentions. If you do need/want to hide something, people will assume you are doing something bad, and therefore you are a scumbag. Personally I don't care but this is how the world usually works.

Everybody wants to hide their passwords. Does that mean everybody is a scumbag?

Re: 4Chan Accepts Bitcoin

#25

Post by Udo » Thu, Dec 13, 2012, 1:33 PM UTC

ceol wrote: post #23

Udo wrote: post #14

Earlier quoted context omitted.

Come on, equating 4chan with the worst of /b/ is a little like judging HN solely based on the spammy posts on the /newest page.

Not really, unless the majority of HN users come for the spammy posts on the /newest page.

You're asserting that the vast majority of 4chan users are /b/ trolls. Can you back that up somehow?

Re: 4Chan Accepts Bitcoin

#26

Post by mtgx » Thu, Dec 13, 2012, 2:21 PM UTC

frozenport wrote: post #21

scotty79 wrote: post #13

Earlier quoted context omitted.

I'm strongly surprised that is not widely used for money laundering yet. It seems perfect for the purpose of storing value and moving it semi-anonymously. Especially since you can just buy a bunch of very generic hardware with stolen money and mine pure money. I'm hoping underground will adopt bitcoins widely before I'll be forced to sell the ones I own. Maybe there has to be generation change for that, but luckily g…

Not enough coins. Money laundering is billions and billions of dollars. How does one anonymously move 1 billion dollars, without suspicion? Any large purchase or sale sticks out like a sore thumb.

Number of coins is pretty irrelevant (except for UX purposes, I guess). What matters is what's the total worth of the Bitcoin coins. Until all Bitcoins are worth hundreds of billions of dollars, with thousands of dollars per Bitcoin (at which point everyone will be using "micro-coins" for daily transactions), they won't be able to do that.

Re: 4Chan Accepts Bitcoin

#27

Post by owendbybest » Thu, Dec 13, 2012, 2:37 PM UTC

gnu8 wrote: post #20

89a wrote: post #9

Earlier quoted context omitted.

HackerNews Accept Bitcoin?

Maybe it should be HackerNew Accept Bitcoin since we're dropping the s from every word. Bitcoin needs to be plural and accept needs to be in the present tense. This makes no sense.

Does "Yen" make sense to you?

Re: 4Chan Accepts Bitcoin

#28

Post by wting » Thu, Dec 13, 2012, 2:39 PM UTC

Nursie wrote: post #6

Awesome, between /b/, money launderers, the Silk Road, and its arms-dealing offshoot, bitcoin may have attracted the attention of all the scumbags on the internet!

Internet porn was an industry leader in offering streaming video, online payment processing, one to one video conferencing, and geolocation advertising.

Just because a technology is affiliated with a morally grey industry doesn't discount the value of the technology itself.

Re: 4Chan Accepts Bitcoin

#29

Post by Nursie » Thu, Dec 13, 2012, 2:50 PM UTC

wting wrote: post #28

Nursie wrote: post #6

Awesome, between /b/, money launderers, the Silk Road, and its arms-dealing offshoot, bitcoin may have attracted the attention of all the scumbags on the internet!

Internet porn was an industry leader in offering streaming video, online payment processing, one to one video conferencing, and geolocation advertising. Just because a technology is affiliated with a morally grey industry doesn't discount the value of the technology itself.

Absolutely! I was being flippant really.

I have a whole bunch of reasons why I disagree with bitcoin in its current form proliferating. Most are to do with my feelings about relying on a currency without central controls, or about a curency with built-in deflation, or with the tiny number of people who (if it took off) would find themselves joining the ranks of the mega-rich simply for having run a program for a few days in 2009.

That it is associated with enabling the quasi-legal, the semi-legal and the totally illegal actually counts in its favour for me.

Re: 4Chan Accepts Bitcoin

#30

Post by gesman » Thu, Dec 13, 2012, 2:54 PM UTC

I working on free woprdpress plugin that will allow anyone to build beautiful online store and accept bitcoins for sales of physical and digital products. Fully automatically and zero fees to a middle man! Ping me if you want to be notified about release.