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ThickAsThieves: not “Never hold more bitcoins than you’re prepared to lose.”
ThickAsThieves: never risking more than you can afford to lose, is the concept
ThickAsThieves: “It’s supervolatile, so I’d tell people to go slow,” said Peter Vessenes, chairman and executive director of the Bitcoin Foundation, a nonprofit organization that promotes the currency. “Never hold more bitcoins than you’re prepared to lose.”
ThickAsThieves: Nonetheless, paying with bitcoins can be a weirdly fun way to make transactions.
ThickAsThieves: “The way the basic bitcoin system works is both incredibly solid and incredibly clever from a technical standpoint,” said Nicholas Weaver, senior staff researcher at the International Computer Science Institute in Berkeley, which studies and advances a range of emerging technologies. “The system’s security is fragile, however, and the economic model behind bitcoin is, well,
ThickAsThieves: do you have reasoning to think they will deliver anything?
ThickAsThieves: i hear they pre-mined 7m labcoins before they let us in
ThickAsThieves: someone just linked this channel in the labcoin thread