Dirty Francks last photo (RIP) - GoFuckYourself.com

24/7 Blogging Crew · 07-05-2013, 09:28 PM

this is the last photo ever taken

after the 7/6/13 bitcoin crash he has ended his life.

President Obama decided to turn tomorrow into Dirty F Bitcoin Day.

Joshua G · 07-05-2013, 09:34 PM

i miss franck. he was supremely confident in his ideas, & that goes a long way to appearing smart, even when your singing loony tunes.

AsianDivaGirlsWebDude · 07-05-2013, 10:37 PM

ADG

24/7 Blogging Crew · 07-05-2013, 11:08 PM

I love ADG! lol check out my new avatar

AsianDivaGirlsWebDude · 07-05-2013, 11:50 PM

Quote:

Originally Posted by 24/7 Blogging Crew

I love ADG!

Sorry, I'm taken.

I'm still undecided about Bitcoin, although I am pretty skeptical.

Check out this article which appeared today in Ars Technica about an alleged $500,000 Bitcoin rip-off:

http://arstechnica.com/tech-policy/2...ises-questions

Quote:

Bitcoin, the decentralized virtual currency whose value has skyrocketed in recent weeks, faced a key test Monday as a veteran user reported that Bitcoins worth hundreds of thousands of dollars had been stolen from his computer.

Ars Technica was unable to independently verify the user's story, and he did not respond to our request for an interview. But whether the story is true or not, it highlights a major disadvantage of the currency's much-touted lack of intermediaries. Bypassing middlemen frees users from government meddling and bank fees. But it also deprives them of the benefits those intermediaries provide, including protection against theft and fraud.

As we reported last week, Bitcoin's key selling point is its clever peer-to-peer scheme for recording transactions. Rather than relying on a centralized database, the Bitcoin protocol allows any computer on the Internet to participate in the payment clearing process. At the end of each 10-minute round, one of the nodes is chosen at random to receive a payment for his contribution to the process. For this reason, participating in the clearing process is known as "mining" Bitcoins.

Wiped out

The user known as "allinvain" is a long-time contributor to the Bitcoin forums. He says he's been mining Bitcoins for over a year, and had amassed a fortune of 25,000 BTC. This was a modest sum a few months ago, when Bitcoins were worth pennies, but over the last two months the value of a Bitcoin skyrocketed to around $20, which means 25,000 BTC would have been worth half a million dollars. "I remember watching the price like a hawk," he wrote.

And then disaster struck. "I just woke up to see a very large chunk of my bitcoin balance gone," he wrote. "Needles [sic] to say I feel like I have lost faith in bitcoin." He speculated that a Windows security flaw may have allowed the culprit to gain access to his digital wallet. "I feel like killing myself now," he said.

Some other members of the Bitcoin forum expressed skepticism about allinvain's story, but most believed it. Another member of the Bitcoin forums chimed in to report that he'd lost a smaller amount of money to the same Bitcoin address.

Forum members discussed several options, including calling the police and asking MtGox, the popular Bitcoin currency exchange, to block the funds from being converted into more traditional currencies.

"An expensive test case"

Ars Technica talked to Gavin Andresen, the leader of the Bitcoin software project, about the incident. Andresen said that it would be difficult to confirm the authenticity of the report. "All Bitcoin transactions are broadcast on the network," he said. "So if someone wanted to claim they lost a bunch of bitcoins, they could claim that any transaction on the network belonged to them."

Still, the kind of attack described in the post is certainly possible. Andresen says he always emphasizes that Bitcoin is an experiment, and not (yet) for the faint of heart. "Unfortunately, this is an expensive test case for the guy who lost the Bitcoins," he said.

Andresen says that there's currently no good infrastructure for tracking down stolen Bitcoins. And, he said, there may never be a good mechanism for reversing unauthorized transactions because Bitcoin transactions are designed to be irreversible. "Once a transaction hits the network, you can generate other transactions that depend on that transaction," he said. "So Bitcoin transactions get tangled up fairly quickly."

Even if it were technically feasible, adding a mechanism for disputing transactions would create headaches of its own, because that mechanism could be used fraudulently as well. "Merchants like that there are no chargebacks" with Bitcoin transactions, Andresen said.

Right now, then, Bitcoin is a "work in progress" only suitable for the most technically savvy users. Will Bitcoin eventually be ready for the masses? Andresen thinks so. He told Ars that the Bitcoin protocol is flexible enough to support clients that handle security in a more sophisticated way. For example, a future client could split a user's private key between his PC and his cell phone. As long as no one compromised both devices simultaneously, the user's bitcoin would be safe.

The benefits of intermediaries

Still, a financial system without intermediaries has some inherent downsides. Splitting a Bitcoin user's private key between a computer and a cell phone makes it harder to compromise, but it also creates new risks. For example, unless the user backs up his cell phone separately from his computer, losing the phone would mean losing the Bitcoins. A multifactor authentication scheme also can't protect a user who is tricked into authorizing a payment to the wrong party.

Indeed, the traditional banking system offers consumers protections against fraud that are hard to replicate in any system without intermediaries. For example, federal regulations limit consumer liability for fraudulent credit card transactions to $50, and some banks offer cards that reduce the consumer's liability to zero.

And because liability for fraud falls mostly on the banks and credit card networks, these parties have invested in infrastructure to detect and deter fraud. They set minimum standards for getting a merchant account to exclude fly-by-night companies. They carefully monitor their customers' transactions and investigate any that look suspicious. And with the help of law enforcement, they aggressively prosecute fraud, both to recover lost funds and to deter other potential criminals.

Of course, some anti-theft and anti-fraud services can be built on top of the extant Bitcoin infrastructure. For example, Clearcoin holds payments in escrow for sellers until buyers receive their orders, making Bitcoin purchases less risky. And services like MyBitcoin hold Bitcoins on their customers' behalf. Presumably, these "online wallet" services can invest more heavily in securing their systems than individual users would.

But this is just to say that the disadvantages of an intermediary-free banking system can be mitigated by reintroducing intermediaries. And if most users are interacting with Bitcoin via intermediaries like ClearCoin and MyBitcoin, it's not obvious how many of the system's much-touted advantages are preserved. If your Bitcoins are held by a third party like MyBitcoin, then a government can force MyBitcoin to freeze your account just as it can force a traditional bank to do so.

In any event, Andresen seems unfazed by the heist and confident of Bitcoin's long-term viability. "These problems will get solved," he told Ars, arguing that the Bitcoin community simply hasn't grown large enough to throw serious engineering resources at them. And the broader Bitcoin community seems to agree. The market price of a Bitcoin has been stable over the last 48 hours at just under $20.

Too bad Franck's MIA, I'm sure he could clear this up in no time!

ADG

Cystomatic · 07-06-2013, 02:52 AM

I remember Dirty F calling me out and saying my arguments are utter bullshit.

I laugh at that retard.

nico-t · 07-06-2013, 03:46 AM

last price is $72 for a bitcoin, not bad for a crashed digital coin.
It's fear mongering whenever it goes down a bit... remember bitcoin is going against the most powerful institutions in the world with this currency. Institutions which control mainstream media as well. I bet the EU en US banks are frustrated that bitcoin isn't controlled by some dictator in the middle east, which would make it much easier to overthrow.

What happened when Saddam decided to stop using USD and start with Euro's?
http://www.time.com/time/magazine/ar...998512,00.html

What happened when Gadaffi was pushing for a 'united states of Africa' with a real currency backed by gold?
http://rt.com/news/libya-subordinate-role-africa-597/

mineistaken · 07-06-2013, 03:54 AM

Over 70$ for play money coin is "crashed"? Its extremely huge bubble, considering actual worth is 0.

Klen · 07-06-2013, 03:58 AM

Bitcoin is same investment risk as gold,silver,oil whatever you can imagine and anything what changes value on daily bases,but even if it will keep losing value,it will stay alive.

pimpmaster9000 · 07-06-2013, 03:58 AM

Quote:

Originally Posted by nico-t

What happened when Saddam decided to stop using USD and start with Euro's?
http://www.time.com/time/magazine/ar...998512,00.html

What happened when Gadaffi was pushing for a 'united states of Africa' with a real currency backed by gold?
http://rt.com/news/libya-subordinate-role-africa-597/

countries wanting to sell their resources against the white mans will is a no no...the white man will tell you for what currency to sell and to whom or you get invaded

mineistaken · 07-06-2013, 04:01 AM

Quote:

Originally Posted by KlenTelaris

Bitcoin is same investment risk as gold,silver,oil whatever you can imagine and anything what changes value on daily bases,but even if it will keep losing value,it will stay alive.

Virtual play money is the same risk as actual precious metal?

Klen · 07-06-2013, 04:25 AM

Quote:

Originally Posted by mineistaken

Virtual play money is the same risk as actual precious metal?

It's all about supply and demand.Precious metal is indeed less risk as it is on market for very long time and it's value changes slower then bitcoin but there are no rules, you can still lose a lot of money regardless do you invest in gold or bitcoin.

Paul · 07-06-2013, 05:03 AM

Quote:

Originally Posted by nico-t

last price is $72 for a bitcoin, not bad for a crashed digital coin.
It's fear mongering whenever it goes down a bit... remember bitcoin is going against the most powerful institutions in the world with this currency. Institutions which control mainstream media as well. I bet the EU en US banks are frustrated that bitcoin isn't controlled by some dictator in the middle east, which would make it much easier to overthrow.

What happened when Saddam decided to stop using USD and start with Euro's?
http://www.time.com/time/magazine/ar...998512,00.html

What happened when Gadaffi was pushing for a 'united states of Africa' with a real currency backed by gold?
http://rt.com/news/libya-subordinate-role-africa-597/

That's exactly what intelligent people like DWB have been saying.

It's why I always try and add balanced information about Bitcoin when I post about it because the truth is the prospects don't look good considering what it's up against.

If the FED/Bankers wanted Bitcoin and all other crypto currencies gone, all they have to do is print a little money and buy up all the crypto currencies in circulation, put them in cold storage and then take a hammer to the USB stick!

woj · 07-06-2013, 05:21 AM

when he started posting about bitcoins they were around $40/btc, so even now after this huge drop anyone that invested back then would still have almost doubled their investment...

the guy went a bit overboard, was a bit too over enthusiastic about it, but he was actually right, many people on here made some decent $$ thanks to him...

adultmobile · 07-06-2013, 06:13 AM

seeandsee · 07-06-2013, 07:16 AM

I will always tell, dont ride with BC! It will crash, bubble will explode and you all will earn nothing!

Paul · 07-06-2013, 04:21 PM

Quote:

Originally Posted by woj

when he started posting about bitcoins they were around $40/btc, so even now after this huge drop anyone that invested back then would still have almost doubled their investment...

the guy went a bit overboard, was a bit too over enthusiastic about it, but he was actually right, many people on here made some decent $$ thanks to him...

Until that money is in your bank account it's not profit, it's difficult enough getting money into Bitcoin but it's becoming even more difficult getting money out of Bitcoin.

Overboard is an understatement

I can accept people being excited about something they are passionate in but he couldn't accept anyone saying anything negative about Bitcoin without the flaming etc Bitcoin fanboys are similar to Apple fanboys, say anything negative and they flip the fuck out!

- Jesus Christ - · 07-06-2013, 04:25 PM

Bitcoin IS money...

you wannabe speculators are just as foolish as the "bitcoin is gonna die" people.

CaptainHowdy · 07-06-2013, 04:27 PM

brassmonkey · 07-06-2013, 04:40 PM

Quote:

Originally Posted by - Jesus Christ -

Bitcoin IS money...

you wannabe speculators are just as foolish as the "bitcoin is gonna die" people.

its has to level out not going to be $200 for ever

$60 per coin is dead

- Jesus Christ - · 07-06-2013, 04:51 PM

Quote:

Originally Posted by brassmonkey

its has to level out not going to be $200 for ever

$60 per coin is dead

Even $40 wouldn't leave me concerned in the long run.
I'd be grateful for a $40 buy in if I was a speculator.

mineistaken · 07-06-2013, 05:09 PM

Quote:

Originally Posted by - Jesus Christ -

Bitcoin IS money...

you wannabe speculators are just as foolish as the "bitcoin is gonna die" people.

Which country has recognized it? Monopolyland? Its virtual play money. If every bitcoin holder woke up and understood that its play money - it would drop to zero. Real value.

fogfever · 07-06-2013, 08:26 PM

I predict $5 within 2 months.

AsianDivaGirlsWebDude · 07-06-2013, 10:25 PM

Quote:

Originally Posted by mineistaken

Which country has recognized it?

Monopolyland?

Its virtual play money.

If every bitcoin holder woke up and understood that its play money - it would drop to zero.

Real value.

ADG

_Richard_ · 07-07-2013, 07:10 AM

Quote:

Originally Posted by AsianDivaGirlsWebDude

ADG

- Jesus Christ - · 07-07-2013, 07:18 AM

Quote:

Originally Posted by mineistaken

Which country has recognized it?

"If violent people with guns don't force me to use it, its not money"

Not all of us require an abusive father figure to feel secure.

https://en.bitcoin.it/wiki/Trade

07-05-2013, 09:28 PM	#1
24/7 Blogging Crew So Fucking Banned Industry Role: Join Date: Oct 2012 Posts: 1,238	Dirty Francks last photo (RIP) this is the last photo ever taken after the 7/6/13 bitcoin crash he has ended his life. President Obama decided to turn tomorrow into Dirty F Bitcoin Day.

07-05-2013, 10:37 PM	#3
AsianDivaGirlsWebDude Purveyor, Fine Asian Porn Industry Role: Join Date: Jul 2004 Location: San Francisco Bay Area Posts: 38,323	ADG __________________ Asian Diva Girls - Exclusive Photos and Videos Asian Diva Girls Affiliate Program (50% ccBill Revshare)

07-06-2013, 05:21 AM	#14
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	when he started posting about bitcoins they were around $40/btc, so even now after this huge drop anyone that invested back then would still have almost doubled their investment... the guy went a bit overboard, was a bit too over enthusiastic about it, but he was actually right, many people on here made some decent $$ thanks to him... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager Last edited by woj; 07-06-2013 at 05:36 AM..

07-06-2013, 06:13 AM	#15
adultmobile No, I am not banned Industry Role: Join Date: Nov 2003 Location: ChatGF.com Posts: 5,345	__________________ TubeCamGirl.com

07-06-2013, 07:16 AM	#16
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	I will always tell, dont ride with BC! It will crash, bubble will explode and you all will earn nothing! __________________ BUY MY SIG - 50$/Year Contact here

07-05-2013, 09:34 PM	#2
Joshua G dumb libs love censorship Industry Role: Join Date: Jul 2008 Posts: 8,198	i miss franck. he was supremely confident in his ideas, & that goes a long way to appearing smart, even when your singing loony tunes.

07-05-2013, 11:08 PM	#4
24/7 Blogging Crew So Fucking Banned Industry Role: Join Date: Oct 2012 Posts: 1,238	I love ADG! lol check out my new avatar

07-06-2013, 02:52 AM	#6
Cystomatic Confirmed User Industry Role: Join Date: Dec 2011 Posts: 361	I remember Dirty F calling me out and saying my arguments are utter bullshit. I laugh at that retard.

07-06-2013, 03:46 AM	#7
nico-t emperor of my world Join Date: Aug 2004 Location: nethalands Posts: 29,903	last price is $72 for a bitcoin, not bad for a crashed digital coin. It's fear mongering whenever it goes down a bit... remember bitcoin is going against the most powerful institutions in the world with this currency. Institutions which control mainstream media as well. I bet the EU en US banks are frustrated that bitcoin isn't controlled by some dictator in the middle east, which would make it much easier to overthrow. What happened when Saddam decided to stop using USD and start with Euro's? http://www.time.com/time/magazine/ar...998512,00.html What happened when Gadaffi was pushing for a 'united states of Africa' with a real currency backed by gold? http://rt.com/news/libya-subordinate-role-africa-597/

07-06-2013, 03:54 AM	#8
mineistaken See signature :) Industry Role: Join Date: Apr 2007 Location: ICQ 363 097 773 Posts: 29,656	Over 70$ for play money coin is "crashed"? Its extremely huge bubble, considering actual worth is 0.

07-06-2013, 03:58 AM	#9
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	Bitcoin is same investment risk as gold,silver,oil whatever you can imagine and anything what changes value on daily bases,but even if it will keep losing value,it will stay alive.

07-06-2013, 04:25 PM	#18
- Jesus Christ - Confirmed User Industry Role: Join Date: Mar 2003 Location: ::::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: ::::::\|\|\|\|\|\|\|\|\|\|\|\|:::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::::::::::::::: Posts: 7,197	Bitcoin IS money... you wannabe speculators are just as foolish as the "bitcoin is gonna die" people. __________________ Amen

07-06-2013, 04:27 PM	#19
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 93,040	__________________ FLASH SALE INSANITY! deal with a 100% Trusted Seller Buy Traffic Spots on a High-Quality Network 1 Year or Lifetime — That’s Right, Until the Internet Explodes!

07-06-2013, 08:26 PM	#23
fogfever Confirmed User Join Date: Apr 2007 Posts: 1,245	I predict $5 within 2 months.