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50 Cent Rakes in Millions Thanks to Bitcoin!!
1/23/2018 11:41 AM PST
50 Cent took a chance on bitcoin years before anyone knew what cryptocurrency even was ... and it's paid off more than 7 million times over.

Rewind to 2014 and 50's album, "Animal Ambition," when the rapper became the first to accept bitcoin -- which was then valued at around $662/bitcoin -- as payment for his work. We're told customers could get a copy of the album for just a fraction of a whole bitcoin.

Our sources say "Animal Ambition" pulled in about 700 bitcoin in sales ... over $400k. We're told the cryptocurrency sat dormant in his account for years.

Fast-forward to today -- when bitcoin's value has fluctuated between $10k and $12k per coin. Turns out 50 is a money genius ... sitting on anywhere between $7 million and $8.5 million.

The market has steadily declined over the last few weeks, so 50 might wanna think about unloading soon while the gettin's still good.

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The Valeyard said:
Bitcoin is forbidden in Islam: Mufti's counsellor
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Yeah this is complete horse-shit from the Mufti, there is nothing against using or swapping any kind of currency in any sect of Islam (As long as equivalent values are exchanged, otherwise it could be deemed as an interest-taking workaround). He is only saying this because he is a dickrider.
 
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https://arstechnica.com/information...ads-with-cpu-draining-cryptocurrency-miners/\

YouTube was recently caught displaying ads that covertly leach off visitors' CPUs and electricity to generate digital currency on behalf of anonymous attackers, it was widely reported.

Word of the abusive ads started no later than Tuesday, as people took to social media sites to complain their antivirus programs were detecting cryptocurrency mining code when they visited YouTube. The warnings came even when people changed the browser they were using, and the warnings seemed to be limited to times when users were on YouTube.

On Friday, researchers with antivirus provider Trend Micro said the ads helped drive a more than three-fold spike in Web miner detections. They said the attackers behind the ads were abusing Google's DoubleClick ad platform to display them to YouTube visitors in select countries, including Japan, France, Taiwan, Italy, and Spain.

The ads contain JavaScript that mines the digital coin known as Monero. In nine out of 10 cases, the ads will use publicly available JavaScript provided by Coinhive, a cryptocurrency-mining service that's controversial because it allows subscribers to profit by surreptitiously using other people's computers. The remaining 10 percent of the time, the YouTube ads use private mining JavaScript that saves the attackers the 30 percent cut Coinhive takes. Both scripts are programmed to consume 80 percent of a visitor's CPU, leaving just barely enough resources for it to function.

"YouTube was likely targeted because users are typically on the site for an extended period of time," independent security researcher Troy Mursch told Ars. "This is a prime target for cryptojacking malware, because the longer the users are mining for cryptocurrency the more money is made." Mursch said a campaign from September that used the Showtime website to deliver cryptocurrency-mining ads is another example of attackers targeting a video site.

To add insult to injury, the malicious JavaScript in at least some cases was accompanied by graphics that displayed ads for fake AV programs, which scam people out of money and often install malware when they are run.

The above ad was posted on Tuesday. Like the ads analyzed by Trend Micro and posted on social media, it mined Monero coins on behalf of someone with the Coinhive site key of "h7axC8ytzLJhIxxvIHMeC0Iw0SPoDwCK." It's not possible to know how many coins the user has generated so far. Trend Micro said the campaign started January 18. In an e-mail sent as this post was going live, a Google representative wrote:

Mining cryptocurrency through ads is a relatively new form of abuse that violates our policies and one that we’ve been monitoring actively. We enforce our policies through a multi-layered detection system across our platforms which we update as new threats emerge. In this case, the ads were blocked in less than two hours and the malicious actors were quickly removed from our platforms.

It wasn't clear what the representative meant when saying the ads were blocked in less than two hours. Evidence supplied by Trend Micro and on social media showed various ads containing substantially the same JavaScript ran for as long as a week. The representative didn't respond to follow-up questions seeking a timeline of when the abusive ads started and ended.

As the problem of Web-based cryptomining has surged to almost epidemic proportions, a variety of AV programs have started warning of cryptocurrency-mining scripts hosted on websites and giving users the option of blocking the activity. While drive-by cryptocurrency mining is an abuse that drains visitors' electricity and computing resources, there's no indication that it installs ransomware or other types of malware, as long as people don't click on malicious downloads.
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see https://kiwifarms.net/threads/ufc-steals-nulls-idea-for-mining.36206/
 
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https://lulz.com/women-people-color-minorities-excluded-crypto-currency-440/

An examination of the needlessly complex process of obtaining cryptocurrency, and how the space is perfectly designed to keep out women and people of color.

You’ve heard of Bitcoin’s atmospheric rise from pennies to thousands of dollars. TV, radio, internet — it’s everywhere. And maybe you’ve had the thought that you might very well want to become one of these Bitcoin millionaires.

Easy, right? Even the old folks are doing it. Just head on down to the corner shop, buy a few Bitcoins, stash them away and leave your children something grander than a mortgage.

Not so. The process of obtaining Bitcoins is so labyrinthine and headache-inducing that what was proclaimed to be a democratizing system is actually one of the unfairest systems ever devised. As of 2018 it is still the exclusive domain of pasty creatures from dark recesses of the internet, and, recently we learned, even right-wing lunatics.

I overstate the monopolization just a little bit for effect. Some women and non-white folks have fought and elbowed and dimed and hustled their way into the game and they’re making a killing. But spend two seconds finding out who owns Bitcoins and who does not and it becomes painfully obvious that entire groups of people have in fact been excluded from the party and it was all rigged from the get-go. Most affected are women and people of color.

Bitcoins launched in 2009 and women and PoC have been proud netizens since at least the smartphone revolution (2007). Hell, Grace Hopper basically invented that damn internet thing, or rather the code running the machinery.

So how is it that Bitcoins have come to be so overwhelmingly owned by straight white males? Why is it that a group of society that already owns everything got to exclusively benefit from the greatest wealth transfer of this century?

It’s a complex issue that requires nuance. But let’s start to explore it by looking at just a taster of the kinds of exotic terms a Bitcoin hopeful is required to understand before operating in any kind of cryptocurrency space.

Blockchain.
Satoshis.
51% Attack.
PoW.
PoS.
Nodes.
Forking.
Ledgers.
Hashrate.
Public/Private Keys.

Is your head spinning yet?

And the problematic themes don’t stop with what’s effectively a racist voter Literacy Test from the Jim Crow era.

Because participation in CoinBase, the only source of cryptocurrency for people who don’t feel like sending their credit card info to dodgy websites run by dudes named Igor, requires a valid driver’s license. You heard that right. You’re not getting a single satoshi’s worth of Bitcoin without it.

ID requirements have time and again been proven to be a bar on entry for people of color, and voter ID laws have repeatedly been stomped into the ground by decent courts from sea to shining sea. So severe is that bar that we, rightly, call it racist suppression, and we, rightly, don’t require IDs for democratic participation.

It’s a Literacy Test and voter ID double whammy and basically, we are all fucked. Well, most of us.

I think you are starting to form a pretty good picture of what is going on, but remember I also said it’s a complex issue.

People at the top of the power hierarchy in any given society — in our case, straight white males — have always been paranoid of new guys or guyettes knocking them down, especially if they come in a different shade and get jiggy with the dope street vernacular. And what better way to strangle competition than excluding it from participating to begin with?

It’s not purely malice, it’s also simple economics. If fewer people own Bitcoins then the Bitcoins become more valuable. If everyone were able to have a Bitcoin and become rich then Bitcoin’s pale cartel wouldn’t make out like crooks.

So tell me if you are a person of color or happen to bleed once a month and I will tell you if you have Bitcoin.

Because numbers don’t lie. But Satoshi Nakamoto did.

The author or authors of this article preferred to stay anonymous or can't be attributed for some other reason. Interested in having your article published on lulz.com? Send it in here

Approaching maximum Poe's Law. Which one of you wrote this? It has a few recommended similar articles in other rag like The Atlantic so quite a few people are taking it seriously.
 
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lmfao "it was all rigged from the get-go"


:story: Jesus Christ, you can't into technology and now you're trying to fucking gibsmedat because you didn't make a million bucks off a fad. Guess what, I'm a white man and I had no idea what the fuck cryptoshekels were, still don't, and I don't cry about it being inaccessible to me - I just realize that yeah, I have no idea what it is, and I am too lazy to learn, and I don't really give a shit one way or another.

So how is it that Bitcoins have come to be so overwhelmingly owned by straight white males? Why is it that a group of society that already owns everything got to exclusively benefit from the greatest wealth transfer of this century?
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Can't have anything to do with the fact that white men dominate STEM fields, are more tech-savvy, and actually devote time to reading and understanding shit about technology. Kind of like why white men are the group in society that already owns everything.
 
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Haramburger said:
https://lulz.com/women-people-color-minorities-excluded-crypto-currency-440/

An examination of the needlessly complex process of obtaining cryptocurrency, and how the space is perfectly designed to keep out women and people of color.
Click to expand...

Apparently, this article is saying it's because them colored people and thots are too stupid to understand it.

Haramburger said:
And the problematic themes don’t stop with what’s effectively a racist voter Literacy Test from the Jim Crow era.
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This brainless dipshit doesn't understand the actual issue with those literacy tests. It wasn't that they existed at all, although they shouldn't have and don't currently. It's that very often, they had two sets of tests. If you were white putting an X for your name got you in to vote. If you were black you got some monstrosity of a test nobody could pass.

Haramburger said:
Approaching maximum Poe's Law. Which one of you wrote this?
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It is on lulz.com I suppose. It doesn't exceed dipshittery I've seen in conclusively legitimate stuff, though.
 
Are they speds or something? Like have they not done a base level of any research?

https://cryptologicfoundation.org/learn/stimulate/women-in-cryptology.html
https://www.nsa.gov/about/cryptologic-heritage/historical-figures-publications/women/honorees/
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neger psykolog said:
Are they speds or something? Like have they not done a base level of any research?
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The women of Bletchley Park were literally critical to winning WW II.

Also, for some reason, gay men seem to be particularly associated with crypto.
 
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The Valeyard said:
Bitcoin is forbidden in Islam: Mufti's counsellor

CAIRO – 31 December 2017: Counsellor of the Republican’s Mufti, Dr. Magdy Ashour, said that Bitcoin is forbidden in Islamic Sharia for the risks it holds, besides its usage as a tool to fund terrorism.

The mufti’s counsellor issued a Fatwa (Islamic ruling) that the virtual currency should not be used to make financial transactions because it has no monetary cover by the Central Bank of Egypt (CBE), which means it is not guaranteed.

“This currency is used directly to fund terrorists,” Ashour told Egypt Today on Sunday, explaining that its transactions contain major damage to the economy. “It has no set rules, which is considered as a contract annulment in Islam, that is why it is forbidden,” the counsellor added.

Bitcoin is a type of crypto currency independent of traditional banking; Bitcoin started circulating in 2009 and has become the most prominent of several fledgling digital currencies, according to Reuters.

The virtual currency relies on a network of computers that solve complex mathematical problems as part of a process that verifies and permanently records the details of every bitcoin transaction made.

Ever since it became known in Egypt in August, the virtual currency stirred controversy over its legitimacy, since most of Egypt’s 93 million people have no bank accounts. But even though electronic payments have grown in recent years, electronic banking in Egypt lacks regulations for digital currency. This means local retailers cannot accept it as payment, but users on an exchange may be left to trade freely, potentially cashing in on its ascent.

On December 17, Head of the Egyptian Financial Supervisory Authority (EFSA) Mohamed Omran announced that Bitcoin trading is illegitimate in Egypt, recommending that people refrain from buying or selling the digital currency.

Dar al-Ifta had warned against the digital currency, saying that it gives extremists a chance to receive funding, especially after the government’s crackdown against them and cutting out their resources.

Many governments globally are mulling how to regulate and classify Bitcoin, a volatile digital currency that has captured the interest of speculative investors worldwide as its value has soared, roughly quadrupling since the start of 2017 and trading at around $18,000 on the Luxembourg-based BitStamp platform. It has soared by roughly 1,700 percent so far this year.
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translation from arabic into english: please stop gaining power over us, oil money is slowly drying up and the US is outputting more oil than us
 
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Good. We don't want mudslimes in crypto anyway.
 
carltondanks said:
translation from arabic into english: please stop gaining power over us, oil money is slowly drying up and the US is outputting more oil than us
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Power is already had over saudi (oil from opec is traded in us dollars - a main factor why usd is the de facto reserve currency) Oil money isnt drying up, the usa isnt even in the top 15 for oil exporting countries

If youre going to shit on the sandniggers at least have a valid point
 
de_DEVIL_tails said:
Power is already had over saudi (oil from opec is traded in us dollars - a main factor why usd is the de facto reserve currency) Oil money isnt drying up, the usa isnt even in the top 15 for oil exporting countries

If youre going to shit on the sandniggers at least have a valid point
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at one point they were begging america to stop pumping out so much oil
 
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