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It's live: Overstock.com now accepting Bitcoin
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The following comments relate to this news article:

It's live: Overstock.com now accepting Bitcoin

article published on 9 January, 2014

Last month, large e-tailer Overstock.com announced that it would begin accepting Bitcoin as a payment option in 2014. As of today, the company is now accepting the digital currency, much earlier than anticipated. CEO Patrick Byrne says the company got in touch with Coinbase.com (large Bitcoin payment processor) last week, who informed them that with a dedicated team they could launch in a week. ... [ read the full article ]

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SomeBozo
Member

2 product reviews
_ 		10. January 2014 @ 17:19 _ Link to this message    Send private message to this user   
The one burning question in the back of my mind is what happens with BitCoins are counterfeited or exploited i a way no on ever thought possible? I tried a quick search just after posting this... Sure enough some people are already counterfeiting them...

http://articles.latimes.com/2013/dec/04...arrest-20131204

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This message has been edited since posting. Last time this message was edited on 10. January 2014 @ 17:20
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Jemborg
Senior Member
_ 		10. January 2014 @ 21:43 _ Link to this message    Send private message to this user   
Good point Boz.
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Its a lot easier being righteous than right.

DSE VZ300-
Zilog Z80 CPU, 32KB RAM (16K+16K cartridge), video processor 6847, 2KB video RAM, 16 colours (text mode), 5.25" FDD
Bozobub
Senior Member
_ 		10. January 2014 @ 21:54 _ Link to this message    Send private message to this user   
Thing is, that article doesn't say anything about counterfeiting BitCoins, except in the title. I'm not saying this is impossible - there's hardly any information in that article - but it's FAR more likely these BitCoins were generated through some kind of botnet mining, which is becoming increasingly common.

It isn't really all that implausible that the LA Times could be more than a little confused about the whole thing.
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This message has been edited since posting. Last time this message was edited on 10. January 2014 @ 21:55
Jemborg
Senior Member
_ 		10. January 2014 @ 22:19 _ Link to this message    Send private message to this user   
Ah, I see what you mean... distributed computing... illegally using others' poots for mining... without their permission. A new job for trojans.
[ + quote]
Its a lot easier being righteous than right.

DSE VZ300-
Zilog Z80 CPU, 32KB RAM (16K+16K cartridge), video processor 6847, 2KB video RAM, 16 colours (text mode), 5.25" FDD
Bozobub
Senior Member
_ 		10. January 2014 @ 23:39 _ Link to this message    Send private message to this user   
In fact, the recent Yahoo ad-delivered trojan did exactly that: Set up a BitCoin botnet ^^' ...
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lxfactor
Senior Member
_ 		11. January 2014 @ 05:00 _ Link to this message    Send private message to this user   
dude they already said that bitcoin is vulnerable to attack.. people could be mining coins that have already been mined.. this bitcoin is the Devil.. a product of the government to get closer to one world currency
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Jemborg
Senior Member
_ 		11. January 2014 @ 06:16 _ Link to this message    Send private message to this user   
Are you like one of those guys that thinks we should not have had a national currency but stayed with the varied notes that individual banks handed out back in the day?



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Its a lot easier being righteous than right.

DSE VZ300-
Zilog Z80 CPU, 32KB RAM (16K+16K cartridge), video processor 6847, 2KB video RAM, 16 colours (text mode), 5.25" FDD

This message has been edited since posting. Last time this message was edited on 11. January 2014 @ 06:28
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Bozobub
Senior Member
_ 		11. January 2014 @ 12:02 _ Link to this message    Send private message to this user   
Originally posted by lxfactor:
 dude they already said that bitcoin is vulnerable to attack.. people could be mining coins that have already been mined.. this bitcoin is the Devil.. a product of the government to get closer to one world currency
Governments hate BitCoin, silly. It's almost completely outside their control, and they cannot easily tax it.
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