Exactly, spot fucking on.Quote:
Originally Posted by BeerAndPoker
He luckboxed his way into huge fucking money it is almost guaranteed.
The lazy degen finally binked one and hit the fucking lottery.
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Exactly, spot fucking on.Quote:
Originally Posted by BeerAndPoker
He luckboxed his way into huge fucking money it is almost guaranteed.
The lazy degen finally binked one and hit the fucking lottery.
He says hes rich, we dont know for sure but we are not seeing anything to indicate this. He is selling 80 pct of himself at the wsop, he is entering 350 tournies at the stratosphere and not the 1500 main, he isnt playing big or medium cash games at aria, he hasnt bought himself a new car or a house. I just dont believe that the same micon who made it rain w/his case funds at the club with justin smith is the savvy btc hoarder who has $1m but lives like a broke vegas burnout. Of course he says hes rich cuz hed look like a fucking moron to say hes not after how long hes been plugging btc as the next great thing.Quote:
Originally Posted by BeerAndPoker
He hasn't even bought a new TV so it's hard to believe he's ballin'Quote:
Originally Posted by CokeheadHe says hes rich, we dont know for sure but we are not seeing anything to indicate this. He is selling 80 pct of himself at the wsop, he is entering 350 tournies at the stratosphere and not the 1500 main, he isnt playing big or medium cash games at aria, he hasnt bought himself a new car or a house. I just dont believe that the same micon who made it rain w/his case funds at the club with justin smith is the savvy btc hoarder who has $1m but lives like a broke vegas burnout. Of course he says hes rich cuz hed look like a fucking moron to say hes not after how long hes been plugging btc as the next great thing.Quote:
Originally Posted by BeerAndPoker
He is a cheap jew who got lucky, and poker is dead. That explains that entire paragraph of denial.Quote:
Originally Posted by CokeheadHe says hes rich, we dont know for sure but we are not seeing anything to indicate this. He is selling 80 pct of himself at the wsop, he is entering 350 tournies at the stratosphere and not the 1500 main, he isnt playing big or medium cash games at aria, he hasnt bought himself a new car or a house. I just dont believe that the same micon who made it rain w/his case funds at the club with justin smith is the savvy btc hoarder who has $1m but lives like a broke vegas burnout. Of course he says hes rich cuz hed look like a fucking moron to say hes not after how long hes been plugging btc as the next great thing.Quote:
Originally Posted by BeerAndPoker
He probably hasn't cashed out yet either.
I know you are heavily invested in the notion that there is no way he has money, but that is pretty much impossible at this point when you have something that was $5, now trading at $1200 that he was collecting.
If it makes you feel better to think Micon is a complete fool and is just going to ball out of control with the surge go right ahead, he got lucky just accept it.
I am happy for Micon. Everybody laughed at him and now he is on top. Imagine how much he will be worth if they hit 10,000 per coin.Quote:
Originally Posted by NaturalBornHustlerHe is a cheap jew who got lucky, and poker is dead. That explains that entire paragraph of denial.Quote:
Originally Posted by Cokehead
He probably hasn't cashed out yet either.
I know you are heavily invested in the notion that there is no way he has money, but that is pretty much impossible at this point when you have something that was $5, now trading at $1200 that he was collecting.
If it makes you feel better to think Micon is a complete fool and is just going to ball out of control with the surge go right ahead, he got lucky just accept it.
its extremely unlikely micon doesnt have a net worth in the low 7 figures range right now.
the question of course is what will be his net once the bitcoin prices readjust from whatever trend caused them to bloat.
rofl so u are saying he had 1000 coins before the very first run up and also didnt sell any. even micon said in 1 article that he didnt have many from when they were $5-20. this the same guy who has bought nothing new (u know he would be showing it off) and still playing little prelim tournies at the ratosphere. look i know all of you love and underdog story and feel good that the lovable loser has hit it big but its just not true. even if he was smart and hoarded like 100 coins when they were 100 bucks each, that still only leaves him with 120k now. i think you guys been away from micon too long and forget the guy spends spends spends when he gets $. so he has 1m $ in btc but is still living like the same brokeass he was last year, ok sure.Quote:
Originally Posted by sonatine
Even Micon couldn't fuck this one up.Quote:
Originally Posted by sonatine
Quote:
Originally Posted by Cokeheadrofl so u are saying he had 1000 coins before the very first run up and also didnt sell any. even micon said in 1 article that he didnt have many from when they were $5-20. this the same guy who has bought nothing new (u know he would be showing it off) and still playing little prelim tournies at the ratosphere. look i know all of you love and underdog story and feel good that the lovable loser has hit it big but its just not true. even if he was smart and hoarded like 100 coins when they were 100 bucks each, that still only leaves him with 120k now. i think you guys been away from micon too long and forget the guy spends spends spends when he gets $. so he has 1m $ in btc but is still living like the same brokeass he was last year, ok sure.Quote:
Originally Posted by sonatine
i wouldnt bet my life on it but given the volume of transactions micon performs via bitcoin, its just unlikely that he doesnt have a solid 1k bc roll in his wallet.
its totally possible he cashed out the lions share for baby stuff, insurance, food, housing, and the mix game at aria and that roll is gone, but dont forget that he also pockets a percent of the rake from seals. a site which probably costs all of $80 a month to run and maintain.
also factor in that hes an evangelist. hes been preaching bitcoin relevance for years. and without getting into the nuts and bolts of what it implies, by all appearances his faith is sincere. so who knows. but if bad judgement and terrible instincts made him a millionaire, hes still a millionaire. the question is, for me; does he stay one?
i dont know how all of you just ignore that micon lives like a poor person, same way he has for years when he definitely was poor, but somehow think hes a millionare now. this might be something id believe if it were druff we were talking about, cuz we all know that jew hates parting with a single dollar, but micon has always been a free spender and never had the ability to save even a little bit. now everyone here is giving him credit for holding onto 1000 btc and not changing his lifestyle because he was the only guy in the world who knew they would go up huge in value. i mean come on, this is micon were talking about here. someone mentioned that 200 btc bet he had and lost. micon did pay out and didnt scam anyone but for awhile he was stalling and stalling and it was pretty clear to me that he didnt have it and had to produce it somehow. this was in summer 2013. i mean even some superjew like druff would upgrade his life a bit if he made some score like that, no way micon keeps living like broke white trash but is sitting on a million in btc. i think micon wants to have the illusion of what hes worth so ppl respect him but it fails the sanity check.
nbh u said micon is selling 80 pct of himself in the wsop cuz poker is dead and not because he was broke. ya right. micon wouldnt even put 100 pct of himself in his beloved horse event, he still sold off most of it. if u think micon woke up in 2013 and finally realized he sucks at poker, u dont know micon very well. what we have here is a lifetime free spender living like a brokeass, taking wsop stakes, and not even buying some basic life upgrades and ppl saying he is a millionaire. sorry but this doesnt make any sense to me. all of this adds up to him being the same pauper he always was, not some millionaire btc hoarder who saw what none of us could see last year.
The point you are continually missing is that Micon didn't "see what no one else saw" or use his "investing savvy" to predict the market would skyrocket.Quote:
Originally Posted by Cokehead
He got LUCKY. He hit the one outer on the river for the title. There was no special skill in what happened.
I would like to hear more about this bet if it was that recent. Link.
Edit - I see once again your facts are way off.
If this fucker degen or not made a bet for 200 bitcoin that was ESCROWED just this past summer, he was obviously sitting on a ton of them. Now I would bet he had at least 2000 at that point, so yeah what Bet said about the 500k is probably pretty damn accurate.
http://www.ustream.tv/recorded/23893088
Quote:
Originally Posted by Mad Dad
16:9 (Canadian version of Dateline) doing a special on Canadian millionaires from bitcoin right now. Definitely blowing up huge in media.
Micon is niggarich as fuck... Cokehead is spot on.
Motherfucker would be making it rain and letting everyone know it.
Bryan Micon @BryanMicon 27 Nov
@LVpimpjuice @sketchy1poker I'm a hoarder, meaning I believe in world-wide bitcoin adoption.
No price target.
Hold position: forever
cant imagine martha* letting that happen.Quote:
Originally Posted by Avon Barksdale
not even a little.
* you know, his wife and the mother of his child.
Micon always seemed to be actually very conservative in terms of spending. He was never one to throw money around or be into swag culture. I think that's partly why him and Druff got along. Even when Micon was doing well financially he was pretty cheap. I mean can anyone really think of a single post he made bragging about his money? The big difference between him and druff though is that Micon takes big risks in terms of ROI. He's not afraid to throw out big money into reckless things if he feels he can get a strong return.Quote:
Originally Posted by sonatinecant imagine martha* letting that happen.Quote:
Originally Posted by Avon Barksdale
not even a little.
* you know, his wife and the mother of his child.
Also being in your 30's and having 500k is not entirely unusual. My partner and myself have relatively middle class jobs and are not that far off and certainly will by the time we are 40. Yet we live very modestly. Really comes down to lifestyle.
That n-words got a t-shirt that's older than most posters and a CRT TV. He doesn't spend his money on stuff most people do. Did the appreciation of bitcoins outpace his massive gambling problem is the big question.
Exactly!! What the hell are people talking about him "making it rain" if he hit it big?? How he was always a "big spender" in the past? When? Who? Where? Bullshit.Quote:
Originally Posted by BetCheckBetMicon always seemed to be actually very conservative in terms of spending. He was never one to throw money around or be into swag culture. I think that's partly why him and Druff got along. Even when Micon was doing well financially he was pretty cheap. I mean can anyone really think of a single post he made bragging about his money? The big difference between him and druff though is that Micon takes big risks in terms of ROI. He's not afraid to throw out big money into reckless things if he feels he can get a strong return.Quote:
Originally Posted by sonatine
Also being in your 30's and having 500k is not entirely unusual. My partner and myself have relatively middle class jobs and are not that far off and certainly will by the time we are 40. Yet we live very modestly. Really comes down to lifestyle.
And in that last tweet he just said exactly what I presumed...that he has not cashed out much if any of his stash. He is riding this wave as far as possible and will wait for signs of a decline before selling. It isn't like it will go from 12 fucking hundred down to nothing overnight.
Micon is rich, get the fuck over it people.
yeah theres the gambling prob too, like we saw in that video belly buster posted. great point.Quote:
Originally Posted by gauchojake
just cuz micon is a slob doesnt mean hes cheap. no way he is driving around in some shit beater car & living in some crap rental if hes sitting on a milly in btc. theres a diff between holding onto most of your btc as an investment and living a spartan lifestyle for your entire family while u save every penny to speculate. sonatine brought up his wife, another good point except I think its the opposite. if u were married to micon with his kid, would u live like white trash while your husband sits on a milly of something like btc which could vanish in a second? fuck no. she would make him buy a house for the fam and other necessities.
i think gaucho is spot on w/the gambling prob. i bet thats where it all went.
the tweet is his excuse for why he needs wsop stakes & why he has his whole fam living like they are on the poverty line.Quote:
Originally Posted by NaturalBornHustlerExactly!! What the hell are people talking about him "making it rain" if he hit it big?? How he was always a "big spender" in the past? When? Who? Where? Bullshit.Quote:
Originally Posted by BetCheckBet
And in that last tweet he just said exactly what I presumed...that he has not cashed out much if any of his stash. He is riding this wave as far as possible and will wait for signs of a decline before selling. It isn't like it will go from 12 fucking hundred down to nothing overnight.
Micon is rich, get the fuck over it people.
in fact the tweet itself is border line retarded. so if btc went to 10k he still sells none, even though they are worth 10 milly according to what u guys think he has? rofl
you need to stop believing everything ppl on the net tweet.
edit:Quote:
Originally Posted by Cokehead
micon's slot affinity brought about the biggest seismic forum event since black friday so really its just a solid 100% guaranteed given that any convo about micons finances is predicated on that.
but the general assumption is that if that was still in play, martha wouldnt be sticking around for that shit for a heart beat.
18 months ago, Micon burns off Drexel because Drexel wont let him a measly $3000.
14 months ago Micon mooching around for Wsop stakes.
???
6 months ago Micon mooching around for Wsop stakes.
Granted he could have purchased 1000 bitcoins for $5 back in January but we've seen him donk them off on idiotic prop bets where he took forever to "clear" them, and donk them off on various gambling platforms. He shows an amazing lack of discipline in just about every other aspect of his life I cant see him holding onto so many coins for so long.
Also don't forget how hairy things got for him back when they were at 200 and took a dive, I wouldn't be surprised if he sold most of them and possibly bought some back when they bottomed out.
I think most people are optimistically confusing Micon's private stash with however many coins there are on Sealswithclubs.
How was he able to escrow 200BTC this past summer on some degen bet is he was flat bitcoin broke?Quote:
Originally Posted by zealanddonk
Explain that one.
I am realizing here that on a forum full of micon haters, most posts are scratching for morsels of fail for what Micon has archived, I think this attitude is normal most would feel when they have realized they were that close to drinking the bitcoin coolaid and dident because of personal feelings. I personally think that if Druff micon and Brandon dident split and some how maintained there relationship, more of us would have been on the bitcoin flight.
So I guess it is ok to be jealous and pick apart micons life and Guess what he is worth and point out his flaws to make you feel better about your selves.
who cares if he has a milly or busted all his bitcoins, like really who fuckin cares
Thanks for the post BetCheck.Quote:
Originally Posted by BetCheckBet
It was an interesting view. Important only because it is a bell weather for public interest. If I were a market maker like the Winkelvii I would sell into this level of hype and interest.
The piece dares not address the elephant in the room. It's a bubble. Prices have nothing to do with bar owners accepting payment for dirty martinis with BTC
If the piece had examined Bitcoin as a speculative bubble that would be pretty compelling tv. Piss some people off, scare some others and spark interest in the late to the party gamblers.
This is the shoeshine boy stuff I want to see. When Druff's hairdresser wants to discuss Bitcoin while doing his next perm it's time to sell.
ok sure ill explain it.Quote:
Originally Posted by NaturalBornHustlerHow was he able to escrow 200BTC this past summer on some degen bet is he was flat bitcoin broke?Quote:
Originally Posted by zealanddonk
Explain that one.
micon made the bet in january. btc was around 13 bucks then, so he bet $2600. it only became 20k when it was time to pay it. could have easily bought them himself for the escrow or borrowed the $ to buy them.
i dont have details yet, but a major deepweb marketplace admin just disabled withdrawls and walked off with $45,000,000 worth of bitcoins.
this is getting incredible fast.Quote:
Originally Posted by sonatine
said admin got doxxed and right now an entire planet of online drug dealers are actively looking to assassinate him.
Im moving this to its own thread because this is fucking insane.Quote:
Originally Posted by sonatinethis is getting incredible fast.Quote:
Originally Posted by sonatine
said admin got doxxed and right now an entire planet of online drug dealers are actively looking to assassinate him.
Lol. Wat? Pretty sure i wanted to do this like six months ago.
Also the economist's take on bitcoins. Pretty good stuff:
http://www.economist.com/news/techno...lar-and-highly
UH OHHHHHHHHH
All Paul Walker aside, I don't see any indication that BTC fell below 1000 today. It had a slight fall to 1100 or so, and now sits at 1154.
Serious question about mining, though:
I know that mining gets tougher as more bitcoins are produced, and as more miners go at the process.
I also know that regular machines -- and even excellent graphics cards -- will no longer cut it for mining. You pretty much need one of those ASIC devices, like the one sold by Butterfly Labs.
But with the sharp rise in BTC value, is mining worth it now? If I bought an ASIC machine from Butterfly and ran it 24/7, would I waste more money in electricity than I would ever see in BTC mined?
Pretty sure Micon said they were a scam as well, probably cheaper ways to create one but you'd have to have a lot of faith the price wasn't going to drop.
The best offering from Butterfly labs appears to be the Monarch, if they do deliver when promised you should be able to make a profit.Quote:
Originally Posted by Dan Druff
In my opinion, this is the only option from Butterfly Labs worth considering. But I seriously doubt if BL will deliver as promised on the expected date. They are notorious for promising too much, they initially said the Monarch would be available in December 2013 and then they said January, now they say unknown.
Most of the hardware is sold on a pre-order basis which I seriously dislike.
Some companies are much more reputable then others, be careful and do research on what they have already delivered in the past.
Here is a good site to do some research, you can chose an option and it will tell you expected earnings after running costs etc.
http://mining.thegenesisblock.com/
Quote:
Originally Posted by Dan Druff
Forget it, I looked into this a few weeks ago.
ASICminer owns millions of dollars worth of server farms all over the world,
dedicated to only mining Bitcoins.
They also sell computer boards and usb devices that will help you mine Bitcoins.
Everyone that I know who has expensive computer equipment to mine Bitcoins
isn't making jack shit, maybe a hundred dollars a month.
ASICminer is making hundreds of thousands of dollars per day now.
:lol3
:denied
One thing I'm wondering is how many bitcoins sealswithclubs has sitting in dead accounts. Its very common for lots of accounts on poker sites to be abandoned with like 5-10 bucks in them (see Weiss) but with super hyper deflation doormant accounts from two years ago could be worth thousands or tens of thousands of dollars... would not be surprised to see at least 50-100BTC sitting in there or even much more. If these accounts are not claimed I would guess seals keeps the money (but do they cash them out before the crash?).