Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k | Page 3 | TigerDroppings.com

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EarthwormJim
LSU Fan
Member since Dec 2005
9780 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

I dont own any bitcoin, but I understand why it is valuable now, and why its value will continue to increase as the majority of sales will be internet based in the future.


Seems pretty dumb that you don't own any then.






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
57284 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

If they get your bitcoin, you are only out what they scammed you for.


Just an fyi, I'm out nothing on the CC because I dispute the charge and I don't pay anything.






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TreyAnastasio
Michigan Fan
Bitch I'm From Cleveland
Member since Dec 2010
46438 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

Let's see.... which one of us is a financial professional and an adjunct econ/fin prof? Which one of us has studied monetary policy at great lengths? Oh yeah, me.


Well, maybe you should go back to school or demand some money back from whomever taught you all that policy.






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bbap
Indiana Fan
Baton Rouge, LA
Member since Feb 2006
82577 posts
 Online 

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:


Im not a hacker, so I cant give you specifics on how it happens, but credit card numbers used to buy stuff online are compromised all the time. So when someone gets your CC number they can go to town on it and run up your credit card


but how does that actually affect the credit card owner. pretty sure it doesnt.






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CocomoLSU
Penn State Fan
Inside your dome.
Member since Feb 2004
129379 posts
 Online 

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

Let's see.... which one of us is a financial professional and an adjunct econ/fin prof? Which one of us has studied monetary policy at great lengths? Oh yeah, me.







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Envy
LSU Fan
Garden District
Member since Mar 2011
1894 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


Oh, you fancy huh?





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LSUzealot
New Orleans Saints Fan
Napoleon and Magazine
Member since Sep 2003
54519 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

but how does that actually affect the credit card owner. pretty sure it doesnt.



exactly. I've never had a single fraud issue on the hundreds of transactions I've done online in the past 15 years...and if I do, I am going to get my money back from the CC or bank based upon their policy




This post was edited on 10/31 at 11:56 am


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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
57284 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

CocomoLSU


a-hole

So let's see who else thinks it's not viable. LSURussian, who happens to be some sort of monetary consultant. And Bennyandtheinjets who is like some Fed Policy guru in DC






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deSandman
LSU Fan
Member since Mar 2007
932 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

I was just wondering why he wouldn't invest a more round number than an odd small amount.


He invested 150 kronor, which happens to be worth about $27...he didn't just pick the number 27.






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CaptainsWafer
Austin Peay Fan
Bone it like you own it.
Member since Feb 2006
41157 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


Going hard in the paint.





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TH03
Notre Dame Fan
Member since Dec 2008
98891 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

what is unsecure about using a credit card online?


you should check out the CC fraud forums on the deep web.

some scary shit






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lsu480
LSU Fan
Downtown Scottsdale
Member since Oct 2007
74266 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

Im not a hacker, so I cant give you specifics on how it happens, but credit card numbers used to buy stuff online are compromised all the time. So when someone gets your CC number they can go to town on it and run up your credit card. If they get your bitcoin, you are only out what they scammed you for. Think of bitcoin as online travelers checks.


Ya but if that happens my CC company takes the loss and I am in the clear






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
57284 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

Going hard in the paint.


I can't stand when some jackleg spouts off about the intricate workings of the Fed and how this is "NEW CAPITALISM".






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CaptainsWafer
Austin Peay Fan
Bone it like you own it.
Member since Feb 2006
41157 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


I know right.



Do you even FISCAL YEAR bro?






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
57284 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


I'm about to frick you up





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Clyde Tipton
LSU Fan
Planet Earth
Member since Dec 2007
22579 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


Count me in as a bitcoin skeptic.

The parrallels with beanie babies is uncanny.






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CaptainsWafer
Austin Peay Fan
Bone it like you own it.
Member since Feb 2006
41157 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


I was adding my comment to yours, not asking you.





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CocomoLSU
Penn State Fan
Inside your dome.
Member since Feb 2004
129379 posts
 Online 

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

So let's see who else thinks it's not viable. LSURussian, who happens to be some sort of monetary consultant. And Bennyandtheinjets who is like some Fed Policy guru in DC

To be fair though, the business taht you are in would be threatened to an extent if BitCoin were to take over as a mass currency. So your stance against it is pretty biased. That being said, I don't completely disagree with you, but the fact that there is a pretty large online community who value BC greatly (and choose to honor it as valid currency) does mean something. And that community will only get larger, at least for a while.

I can't wait to watch you and Wiki go at it once he sees this thread.






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CaptainsWafer
Austin Peay Fan
Bone it like you own it.
Member since Feb 2006
41157 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


Wikis probably in a jacuzzi orgy right now, or he would have been in this thread earlier.





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JimMorrison
South Carolina Fan
The Peninsula
Member since May 2012
16303 posts
 Online 

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


I'm probably incredibly ignorant about this, but wasn't bitcoin invented by some dude where he hid a limited amount and made people "mine" for them?





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