The below is an off-site archive of all tweets posted by @lopp ever

February 2014

@pmccall777 The ‘best practice’ for using sites like this is to load them onto an offline computer when you want to generate keys.

via web in reply to pmccall777

@pmccall777 It appears that they are using client-side JS to generate the keys. Should be safe, though could merit further investigation.

via web in reply to pmccall777

It should be noted that consensus seems to be that anyone using cryptocurrency at this point in time is still an “early adopter.”

via web

Early adopters bore much more risk than people adopting at this point in time. Their reward for providing legitimacy is increased value.

via web

Many people complain that Bitcoin unfairly benefits early adopters, completely missing that this is true for any publicly traded asset.

via web

@NTmoney Stewart made an astute observation that the problems in the Bitcoin world are localized rather than systemic.

via web in reply to NTmoney

A visualization of the Bitcoin economy from early 2013. My, how things change. Source: cs.gmu.edu/~mccoy/papers/… pic.twitter.com/sxgXWyW7FO

via web

@paulbuitink @twobitidiot Here you go again, citing anonymous sources. Pathetic.

via web in reply to paulbuitink

@RichardPPhilbin Nice; though note that Gox still has yet to admit that any coins were stolen, just that they were “lost.” Makes me wonder.

via web in reply to RichardPPhilbin

@DClark2014 I have no idea, but probably hundreds of thousands of dollars…

via web in reply to DClark2014

@polemitis I’m already holding BTC in my Roth IRA… so I’m quite interested in seeing what conclusions you draw.

via web in reply to polemitis

torrentfreak Bitcoin Donations Now Integrated into BitTorrent Client torr.fr/528SvZ

via dlvr.it (retweeted on 2:12 PM, Feb 27th, 2014 via web)

@MichaelCasp This is so true, it’s not even funny. :-)

via web in reply to MichaelCasp

@Mtgoxsucks @jvanek1 @cryptotraveler @twobitidiot I can only speak for myself: in either case, Bitcoin is still working as intended.

via web in reply to Mtgoxsucks

@Mtgoxsucks @cryptotraveler @twobitidiot Will the deflationary aspect of crypto win out over the loss of confidence? Impossible to say.

via web in reply to lopp

@Mtgoxsucks @cryptotraveler @twobitidiot Will be interesting to see reaction if hundreds of thousands of coins are permanently lost.

via web in reply to Mtgoxsucks

@Mtgoxsucks @cryptotraveler @twobitidiot Well, this appears to be “proof” that the BTC are in those addresses. Not proof they can access.

via web in reply to Mtgoxsucks

@flyosity That’s already been priced in, yo.

via web in reply to flyosity

Are you a highly technical person who wants a deeper understanding of the Bitcoin protocol? Read @michael_nielsen’s michaelnielsen.org/ddi/how-the-bi…

via web

ErikVoorhees Government should let Bitcoin users—all of whom got involved of their own free will—absorb the growing painlatimes.com/opinion/editor…Oom

via web (retweeted on 9:45 AM, Feb 27th, 2014 via web)

If rumors are true, MTGOX may go down in history as a shining example of how cryptocurrency makes it difficult to run a fractional reserve.

via web

@bobbyong @cryptotraveler My current speculation is that Karpeles is so stupid he created a cold storage scheme from which he can’t retrieve

via web in reply to bobbyong

I had the pleasure of chiming in on a news piece about our first local merchant’s acceptance of Bitcoin. wral.com/local-durham-b…

via web

@cryptotraveler Bitcoin is not actually a honey badger. It is a phoenix.

via web in reply to cryptotraveler

@polemitis Occam’s Razor: this is probably what happened.

via web in reply to polemitis

@emilepetrone If you’re talking about for marketing purposes, remember that Facebook screws over your “reach” - doubt that Google+ does.

via web in reply to emilepetrone

@emilepetrone Hate to say it, but I check Facebook 100x more than Google+

via web in reply to emilepetrone

@averyj Money talks; m’fuckers eavesdroppin’

via web in reply to averyj

Quick! Somebody call that guy on Reddit who performs wallet recovery services! :-P

via web

The exchange rate of a given cryptocurrency is only interesting as a general sentiment indicator. Don’t try to read too much into it.

via web

@ChrisPacia @nikolay Hey @Sen_JoeManchin, we’re busy building a new financial system here. Mind your own business.

via web in reply to ChrisPacia

@giac_man Bitcoin’s attributes make it incredibly resilient. Every time people say it’s dead, it comes back even stronger.

via Twitter for Android in reply to giac_man

@cryptotraveler Nope, everything is unsubstantiated, citing anonymous sources. Pretty sad.

via Twitter for Android in reply to cryptotraveler

@PynchonInPublic That’s OK. Bitcoin is not yet at the point where it’s ready for the average person. It has a high learning curve & risk.

via web in reply to PynchonInPublic

@jinyoungenglund Ahhhhh OK, my eyes skipped right over those images to the form.

via web in reply to jinyoungenglund

I theorize that Bitcoin users who survive their first “crash” stop caring about volatility & begin to enjoy the ride. i.imgur.com/3yGgoPh.gif

via web

@socrates1024 @jgarzik @dakami Making a bet against a core developer about what will happen to the protocol… ballsy.

via web in reply to socrates1024

@dineshah Instructions for how to command the @tipdoge bot are at tipdoge.info

via web in reply to dineshah

@dineshah @tipdoge You can tip them to others or withdraw them to a wallet. Good resources: howtodoge.com & reddit.com/r/dogecoin

via web in reply to dineshah

@Mikee510 I’ve put together educational resources on my site here: sites.google.com/site/bitcoinsi… As for buying, I recommend using @coinbase

via web in reply to Mikee510

@aidje I’d actually recommend reddit.com/r/economics and themisescircle.org - learn differences between Keynesian & Austrian theory.

via web in reply to aidje

@BTCFoundation Um, are you not accepting bitcoins as payment?

via web in reply to BTCFoundation

@paulbuitink @tuurdemeester @twobitidiot @MtGox So basically, you have more hearsay for us. Thanks.

via web in reply to paulbuitink

In all seriousness, the resiliency of cryptocurrency continues to impress me. My hopes are higher than ever.

via web

Past 2 months have been a sustained onslaught of bad news, yet Bitcoin still trades at $500. Honey Badger can’t be bothered to give a shit.

via web

@HappyOwlCEO @chamath That’s not a transaction for 783458 BTC. It’s an address that’s processed that much & currently holds 0. Meaningless.

via web in reply to HappyOwlCEO

@chamath Do you have actual confirmation of 700k being stolen? All I’ve seen is hearsay.

via web in reply to chamath

@alxwinter @aantonop Aaaaaaaaaaand that’s how you do it right.

via web in reply to alxwinter

@kyledrake Anarchism, on the other hand…

via web in reply to kyledrake

@NTmoney I also don’t approve of @twobitidiot suggesting people dump their coins due to a theft. Theft does not make Bitcoin less valuable.

via web in reply to NTmoney

@PerianneDC Can you link to proof that they are insolvent?

via web in reply to PerianneDC

@kyledrake Yeah, because regulations have prevented wealthy insiders in the incumbent financial world from profiting at expense of laymen.

via web in reply to kyledrake

@Falkvinge Has gox actually claimed that, though? I’ve only seen rumors based upon hearsay.

via web in reply to Falkvinge

Bitcoin users are not being robbed to bail out an incompetent company. The losers are Gox and those who trusted them despite warning signs.

via web

moolah_ch Remember, our exchange is opening on March 7th!

via HootSuite (retweeted on 9:44 AM, Feb 25th, 2014 via web)

@jefft @mikestable Yes, the problem is that a ton of people were lazy and actually stored large quantities of bitcoins on Gox.

via web in reply to jefft

@mikestable I’ll say that the average person shouldn’t be investing in cryptocurrency, so it’s probably good that they’re spooked.

via web in reply to mikestable

@mikestable Completely agree. And that’s OK. :-)

via web in reply to mikestable

@mikestable Some will see it that way. Others will see it as a new world of finance where “too big to fail” does not exist.

via web in reply to mikestable

@mikestable If that is so, it is because the people who aren’t involved don’t understand how cryptocurrency works. They need education.

via web in reply to mikestable

@mikestable Eh? Not sure what you’re trying to say.

via web in reply to mikestable

@cryptotraveler More of the same, IMO. We can only hope that Gox has Goxed itself for the last time.

via web in reply to cryptotraveler

@aantonop @blockchain @coinbase I’m interested to know why your “joint posts” don’t say “insolvency” while other exchanges’ posts do.

via web

@jbeardsley I agree. This is just another reason why crypto is not yet ready for mainstream use. But the freedom to store yourself is great.

via web in reply to jbeardsley

@jbeardsley Crypto will see similar storage services pop up (at least one already exists) for those who prefer to pay for convenience.

via web in reply to jbeardsley

@jbeardsley Safely storing physical money is quite difficult, thus paying banks for their security is worth the expense.

via web in reply to jbeardsley

Gox’s failure will be capitalized upon by players who are better positioned to run such businesses. It’s already happening.

via web

barrysilbert SecondMarket to launch first U.S.-based Bitcoin exchange wp.me/pRvqL-h5T via @FortuneMagazine @danprimack

via Tweet Button (retweeted on 8:54 AM, Feb 25th, 2014 via web)

I’ve said it before and I’ll say it again: if you alone don’t hold the private keys to your cryptocurrency, you don’t actually own it.

via web

Lots of FUD spreading about Gox’s status; few people seem to care about needing proof. Rumors may be true, but I refuse to propagate rumors.

via web

@elflo @twobitidiot I find it interesting that @coinbase’s post does not say “insolvency.” It appears that they don’t have proof.

via web in reply to elflo

@Bits_of_Eight @twobitidiot How is requesting proof equivalent to shooting the messenger?

via web in reply to Bits_of_Eight

@elflo @twobitidiot The joint statement is about Gox’s incompetence. We can all agree upon that. Their statement doesn’t prove insolvency.

via web in reply to elflo

@elflo @twobitidiot I see a statement that has been altered by some exchanges to not say “insolvent.” Seems that even they don’t agree.

via web in reply to elflo

@twobitidiot Nothing personal; I can count the people I trust on one hand. I trust you as much as I trust Mark Karpeles. Still need proof.

via web in reply to twobitidiot

@cryptotraveler So many fishy aspects; explanation is bogus, doc looks fake, Gox has said nothing, other exchanges can’t agree if insolvent.

via web in reply to cryptotraveler

@twobitidiot I’m not saying that you’re right or wrong, but I have yet to see actual proof of theft from Gox. All I see is that they’re down

via web in reply to twobitidiot

@cryptotraveler Have you seen any actual PROOF of a 750k BTC theft? I’ve only seen rumors that people are treating as fact.

via web in reply to cryptotraveler

@RichardPPhilbin All we know is Gox is down. I have yet to see any proof supporting the rumors of theft.

via Twitter for Android in reply to RichardPPhilbin

I’d like to say R.I.P. MTGOX, but it has this pesky history of coming back from the dead…

via web

@pmccall777 Some of them are probably just naive, though some of them may be hopeful because exchange bailouts have happened before.

via web in reply to pmccall777

@binarybits Seems to be a simple press releast about trust.

via web in reply to binarybits

@binarybits They actually removed the word “insolvent.” But sure, people have been speculating that for some time.

via web in reply to binarybits

@pmccall777 Ha, you mean… Gox? A single exchange?

via web in reply to pmccall777

@twobitidiot how about this: never post again until you come to us with proof.

via web in reply to twobitidiot

@BenDoernberg @twobitidiot “A leak in the hot wallet” makes no sense as an explanation.

via web in reply to BenDoernberg

@twobitidiot Oh come on, now. You’re seriously telling people to dump their coins based upon an unverified report?

via web in reply to twobitidiot

@PierreCPA @Bitstein @DanielKrawisz @CathyReisenwitz Ahhhhhh. Well, I think you can tell from my profile background that we won’t get along.

via web in reply to PierreCPA

@PierreCPA @Bitstein @DanielKrawisz @CathyReisenwitz Wow, you must not hang out on the Internet very much. It’s Internet slang.

via web in reply to PierreCPA

@Bitstein @PierreCPA @DanielKrawisz @CathyReisenwitz You guys sure enjoy circlejerking each other. I have plenty of skin in this game.

via web in reply to Bitstein

@PierreCPA @DanielKrawisz @CathyReisenwitz @Bitstein You: Bitcoin is best thing ever and forever. Me: Bitcoin is best thing ever… for now.

via web in reply to PierreCPA

@PierreCPA @DanielKrawisz @CathyReisenwitz @Bitstein Yes, you can make predictions. I’m saying that you’re stating predictions as fact.

via web in reply to PierreCPA

@PierreCPA @DanielKrawisz @CathyReisenwitz @Bitstein I hope that you are correct, but the fact remains that no one can predict the future.

via web in reply to PierreCPA

@PierreCPA @DanielKrawisz @CathyReisenwitz @Bitstein You can’t possibly account for unknown unknowns.

via web in reply to PierreCPA

@DrRoyMurphy You lost me. Are the contributors who mine pre-public release mining a test blockchain?

via web in reply to DrRoyMurphy

@aantonop So they say, but I haven’t seen any chatter or progress made on floating fees in months…

via web in reply to aantonop

@aantonop @RedditBitcoin Bah. I thought this was going to be floating fees finally making it in. This is but a bandaid centralized solution.

via web in reply to aantonop

@DrRoyMurphy And trust me, you don’t want to be known as a premine coin because that’s the quickest way to get shunned by the community.

via web in reply to lopp

@DrRoyMurphy Looked at your kickstarter and it worries me that you’re selling slots for mining. This will get you labeled as a premine coin.

via web in reply to DrRoyMurphy

@LittleShibe Yep, “unintended consequences” == “problems”

via web in reply to LittleShibe

1) Solve a problem with regulations / laws
2) Discover unintended consequences
3) GOTO 1

via web

@DanielKrawisz @CathyReisenwitz @Bitstein Could be tomorrow, could be decades from now. All it takes is some nerd hacking away in a basement

via web in reply to DanielKrawisz

@CathyReisenwitz @DanielKrawisz @Bitstein Current alt-coins not being innovative enough to gain adoption is not proof that Bitcoin is safe.

via web in reply to lopp

@CathyReisenwitz @DanielKrawisz @Bitstein’s linked article is correct but for aspects of current alt-coins. Can’t predict future innovation.

via web in reply to CathyReisenwitz

@etploshay @CathyReisenwitz @BitcoinMagazine But we need innovation. Successful alt-coin innovation will be merged into Bitcoin if possible.

via web in reply to etploshay

@etploshay @CathyReisenwitz @BitcoinMagazine I see them as competition, but most altcoins are insubstantially innovative. Most will die.

via web in reply to etploshay

@emilepetrone @lukejduncan Likely, but that’s a huge oversimplification since BTC miners also secure the integrity of the entire network.

via web in reply to emilepetrone

@lukejduncan @emilepetrone Interesting that Bitcoin’s energy usage is never compared to that of the existing financial system, no? :-P

via web in reply to lukejduncan

@lukejduncan @emilepetrone It’s not an algorithm that promotes “inefficiency,” it’s an algorithm that promotes “computational strength.” :-)

via web in reply to lukejduncan

@binarybits It may simply be to the influx of non-gox traders buying goxcoins because they’re willing to make that bet.

via web in reply to binarybits

@twobitidiot You’d think that The Economist would understand that market cap != all the value put into the system.

via web in reply to twobitidiot

aantonop My second article on bitcoin trust and security is published

Bitcoin: An Anti-Fragile Network

programming.oreilly.com/2014/02/bitcoi…

via TweetDeck (retweeted on 10:53 AM, Feb 24th, 2014 via web)

@emilepetrone Gets even more complex b/c the network self-adjusts the mining difficulty as more computational power comes online.

via web in reply to lopp

@emilepetrone Though note that # of people mining / machines mining is not = N. Pooled mining makes N a much lower number.

via web in reply to emilepetrone

@emilepetrone N = number of miners? Yes, because they are all starting a massive new parallelized race every block (~10 min)

via web in reply to emilepetrone

@DaangMel I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to DaangMel

@curtofranklin I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to curtofranklin

@sriportfolio The exchange rate of Bitcoin is determined by the free market on various exchange services that operate 24/7.

via web in reply to sriportfolio

@billbren I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to billbren

@RichardPPhilbin Mt Gox is not a real exchange at the moment because it does not allow withdrawals. Steer clear of Mt Gox.

via web in reply to RichardPPhilbin

@DrRoyMurphy Whoa. 10 second blocks? Doesn’t that cause issues due to tx propagation time?

via web

@mysizelindsey1 ermegerd this show is starting to piss me off. People who survived a zombie apocalypse wouldn’t be making noob mistakes.

via web in reply to mysizelindsey1

@xor @BenDoernberg If it fails, we will learn from the failure, regroup, and try again.

via web in reply to lopp

@xor @BenDoernberg “deserves” = matter of opinion. Don’t get hung up on semantics. If a single exchange is a critical weakness, it will fail

via web in reply to xor

@xor @BenDoernberg If Bitcoin fails due to a single exchange failing… then it deserves to fail.

via web in reply to xor

@xor @BenDoernberg The demise of poorly run institutions will have a negative short term effect, but Darwinism is good for us long term.

via web in reply to xor

@jefft @pmarca is microblogging at you so hard. Not his fault you can’t handle it. :-P

via web in reply to jefft

jonmatonis Mt. Gox Resigns From Bitcoin Foundation online.wsj.com/news/articles/…

via web (retweeted on 10:12 PM, Feb 23rd, 2014 via web)

pmarca Large incumbents in any industry are well aware of this, so they play 2-sided game: simultaneously complaining about & embracing regulation.

via web (retweeted on 10:07 PM, Feb 23rd, 2014 via web)

pmarca Because government regulation establishes high stickiness for incumbents, vs new entrants that are unequipped to handle regulatory load.

via web (retweeted on 10:06 PM, Feb 23rd, 2014 via web)

pmarca Government regulation that purports to protect ordinary consumers generally ends up protecting large incumbents.

via web (retweeted on 10:06 PM, Feb 23rd, 2014 via web)

@YouKnowMissy If you have more questions, don’t hesitate to ask. Cryptocurrency is a very complex beast.

via web in reply to YouKnowMissy

@HailJustin_ I’ve been studying cryptocurrency for years; it’s very difficult to distill into a few minutes of material. Happy to help!

via web in reply to HailJustin_

@TheDanWells @flyosity I don’t see how this is a problem. Except that existing regs make it difficult for us to build competing providers.

via web in reply to TheDanWells

@cooploops13 I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to cooploops13

@crayongela I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to crayongela

@rdkurnianto I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to rdkurnianto

@lkent_ww I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to lkent_ww

@kitandfrank I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to kitandfrank

@rsavaiano I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to rsavaiano

@YouKnowMissy I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to YouKnowMissy

@denverish I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to denverish

@jebarham I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to jebarham

@HailJustin_ I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to HailJustin_

@DjShakit I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

via web in reply to DjShakit

@AceRedBand1t @BrothaKuf I invested b/c it is a revolutionary platform for proof of ownership and transfer of ownership of digital assets.

via web in reply to AceRedBand1t

@BeighMANNNN I would start here: medium.com/p/73b4257ac833 - let me know if you want more educational resources.

via web in reply to BeighMANNNN

@top_iq1503 Welcome to the future. :-)

via web in reply to top_iq1503

@LittleShibe Completely agree that “economics = psychology of money / value”

via web in reply to LittleShibe

@aidje Or even better, shouldn’t the people own the Internet infrastructure? My understanding is that regulations are preventing that.

via web in reply to lopp

@aidje I’m all for democracy. Then shouldn’t the people choose not to use providers who impose rules against their interests?

via web in reply to aidje

The more I learn about economics, the more strongly I believe that nobody actually understands economics.

via web

@AddisonTodd I’m interested to see if there will be a great outcry for network neutrality as we enter this new age of network prioritization

via web in reply to AddisonTodd

I’m unconvinced that government regulation to force network neutrality is desirable. Anyone want to try to change my mind?

via web

@JamesGMorgan @kambash @JonnyBitcoin Hardcore crypto enthusiasts run full nodes :-)

via web in reply to JamesGMorgan

@coinmaker321 The @tipdoge bot should be holding your coins - go to tipdoge.info to learn how to withdraw to your wallet.

via web in reply to coinmaker321

@PeercoinPPC @emilepetrone Miners are concerned w/personal efficiency w/regard to their competition. Unconcerned w/efficiency of network.

via web in reply to PeercoinPPC

@PeercoinPPC @emilepetrone Sure; Bitcoin miners are worried about efficiency, so they continually design more efficient ASICs.

via web in reply to PeercoinPPC

@emilepetrone There are alt coins with other mining schemes that try to be “useful” though - such as Primecoin. Not much adoption either.

via web in reply to lopp

@emilepetrone Seems to me that if mining efficiency was of concern to the community, we’d see more Peercoin adoption.

via web in reply to emilepetrone

@emilepetrone This is an area of debate because “wasted work” is subjective. Mining system is designed to operate on brink of profitability.

via web in reply to emilepetrone

@emilepetrone You mean the proof-of-work mining algorithm? It’s designed to be inefficient. Want efficiency? Use proof of stake (Peercoin)

via web in reply to emilepetrone

@carpedurham Don’t just leave money lying on the table, now!

via web

@Dasterdizzle Yeah, “withdraw” is for taking funds out of the bot and put them in your local Doge wallet.

via web in reply to Dasterdizzle

To new shibes who received a tip from me via @tipdoge: instructions for using the bot are on its Twitter profile & at tipdoge.info

via web

@Dasterdizzle You’re not alone - I’ll go ahead and post an explanation.

via web in reply to Dasterdizzle

@tipdoge tip @Syngeneer 1000 doge - whoops, I accidentally skipped over you due to the deluge of RTs.

via web in reply to Syngeneer

I’m indebted to the crypto community for renewing my faith in humanity. Together we shall overcome bad actors of all shapes & sizes.

via web

mark_a_howard @lopp A fundamental optimism reified in the code of the Bitcoin protocol. Honey badger mocks cynicism daily!

via Tweetbot for iOS (retweeted on 9:46 AM, Feb 23rd, 2014 via web)

While weasels will always be afoot, cryptocurrency is based upon consensus mechanisms that work because there are more good actors than bad.

via web

@tipdoge tip @sandpiled 12400 doge - draining my tipjar in that case!

via web

@tipdoge tip @dhritiman 1000 doge

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@tipdoge tip @Stlstylee 1000 doge

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@tipdoge tip @anaraug 1000 doge

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@tipdoge tip @phalgun_g 1000 doge

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@Dasterdizzle You were one of the 100 who RT’d my water bowl tweet :-)

via web in reply to Dasterdizzle

@tipdoge tip @sandpiled 5000 doge - I can’t undo tips to bad shibes, but I can give you more than they got! Take that, @tipdoqe!

via web

@tipdoge tip @virtcurnc 1000 doge

via web

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