[Article] Article: lending club - p2p loans for dummies like me

[fly]

this will increase the overall value of the remaining coins though.

Yes, but its *possible* for every bitcoin to eventually be lost.

 

[Amstel]

lol @ losing 21 million coins.

 

[fly]

lol @ losing 21 million coins.

Not yet, of course. But if this currency were to catch on, it would eventually be a problem.

edit: And don't forget hoarding as well. Both losing and hoarding give us the same problem with a limited hard currency.

 

[Amstel]

And don't forget hoarding as well. Both losing and hoarding give us the same problem with a limited hard currency.

Hoarding would only because it's a perceived value, & you need a fairly large base of perception. but with 21 mil coins, each coin divisible to the .00000001, there's a massive, finite amount coin divisions. (each coin can be divided into 100 million parts)

 

[fly]

Hoarding would only because it's a perceived value, & you need a fairly large base of perception. but with 21 mil coins, each coin divisible to the .00000001, there's a massive, finite amount coin divisions. (each coin can be divided into 100 million parts)

Yes, but if there are no coins (or very few) to actually buy because people have either lost or hoarded them, then the economy comes to a grinding halt. That's the problem with a commodity based currency. For example, in the past, the US has outlawed citizens from owning gold to help get hard currency flowing, because we had exactly that problem. It's obviously easy with fiat, just print more!

 

[Amstel]

Yes, but if there are no coins (or very few) to actually buy because people have either lost or hoarded them, then the economy comes to a grinding halt. That's the problem with a commodity based currency. For example, in the past, the US has outlawed citizens from owning gold to help get hard currency flowing, because we had exactly that problem. It's obviously easy with fiat, just print more!

I believe your theory, I just don't think it's likely.

 

[fly]

I believe your theory, I just don't think it's likely.

I will agree with you on that.

 

[Domon]

so.... relating to bitcoins. I've been noticing my GPU fan running high a lot recently, and im getting nvidia driver crashes.

Guess fucking what. I somehow got a virus (IEHighUtil) which hijacks your GPU via a java exploit and mines bitcoins using your resources to the point where it crashes. Apparently it targets high end GPU users.

Thats ingenious. I killed it, but i kind of want to find who its sending the coins to and congratulate them

 

[Petunia]

world's
most
boring
thread

 

[Mikeawesome]

so.... relating to bitcoins. I've been noticing my GPU fan running high a lot recently, and im getting nvidia driver crashes.

Guess fucking what. I somehow got a virus (IEHighUtil) which hijacks your GPU via a java exploit and mines bitcoins using your resources to the point where it crashes. Apparently it targets high end GPU users.

Thats ingenious. I killed it, but i kind of want to find who its sending the coins to and congratulate them

yea I got that after trying to install far cry 3 i got on usenet. i ended up just reinstalling windows

 

[Domon]

that is a fucking slick malware. I got it from crysis3 (that what you mean mike?)

Its actually overvolting and overclocking my card too

 

[Mikeawesome]

for me it was far cry 3. game didnt even install, gave me an error message after opening the setup.exe.

 

[Domon]

shit.. bioshock infinite is infected with this tool too. I wonder if its my NZB provider causing this.

edit nope. Someone is really infected all the newsgroups with this bullshit. Three different NZBs, comments all state the malware is present.

Cash is king, i bet with all the infections, someone is raking in hundreds of thousands of bucks in bitcoins.

 

[Syrup Beaver]

I thought bitcoins was what you did when some feller you didn't quite trust was payin' ya.

 

[fly]

world's
most
boring
thread

Enjoy working for the rest of your life, sukka!

 

[fly]

shit.. bioshock infinite is infected with this tool too. I wonder if its my NZB provider causing this.

edit nope. Someone is really infected all the newsgroups with this bullshit. Three different NZBs, comments all state the malware is present.

Cash is king, i bet with all the infections, someone is raking in hundreds of thousands of bucks in bitcoins.

Reason 12,026 to not pirate.

 

[Domon]

Reason 12,026 to not pirate.

meh, i caught it and killed it. This shit is rare.

First time in a long long time anything has ever been infected.

 

[fly]

BTW, just got this email from Lending Club.

We have great news for you! Your first loan payments are coming in and you now have a return of 15.95% posted in your account. Visit your account summary to learn more about the activity in your account.

Yay. That number will almost certainly go down, but still sweet.

 

[kiwi]

What are bit coins?

 

[fly]

What are bit coins?

A digital, unregulated, somewhat anonymous currency.