|
taupoke posted:Why is it that people who espouse the free market system always have no idea how a free market actually works? Because conservatism and to a lesser extent libertarianism aren't political philosophies so much as they're doomsday cults dedicated to the worship of greed, selfishness, a few charismatic personalities, and a constant fear of the "other".
|
| # ? May 26, 2012 17:17 |
|
|
|
| # ? May 19, 2013 13:28 |
|
|
Yaos posted:Bitcoin transactions can not be reverted, even if somebody steals your wallet and spends it all on Slim Jims you have no way to recover your BitCoins. Can't stand the heat get out of the kitchen. No apologies for running with the big dogs. This is a man's currency you don't get to half rear end it. Go large or go home. End the Fed. A is A.          
|
| # ? May 26, 2012 17:17 |
|
|
How does this chucklefuck explain away the making of a limited amount of currency? If you have a finite source of currency won't that just gently caress you over when the economy grows and becomes worth more CosbyCoins? Or will each CosbyCoin become ridiculously overvalued until no one can afford them and you have a crash?
|
| # ? May 26, 2012 17:22 |
|
|
Hahahaha I never saw these. God drat!
|
| # ? May 26, 2012 17:24 |
|
|
Mr. Pumroy posted:Can't stand the heat get out of the kitchen. No apologies for running with the big dogs. This is a man's currency you don't get to half rear end it. Go large or go home. End the Fed. A is A. How much would all this gear make for whoever put it together? I'm a little confused by the mining bitcoins concept, but this is the first time I've seen these rigs.
|
| # ? May 26, 2012 17:27 |
|
|
Bioshuffle posted:How much would all this gear make for whoever put it together? I'm a little confused by the mining bitcoins concept, but this is the first time I've seen these rigs. Essentially, the goal is to run up as large as possible an electricity charge as possible on your parents, landlord's or employer's bill. You're probably using $10 of electricity to make $5, but since you aren't the one who pays it, that's $5 of pure profit! Don't even get started on the environmental impact of Bitcoin mining.
|
| # ? May 26, 2012 17:35 |
|
|
Bioshuffle posted:How much would all this gear make for whoever put it together? I'm a little confused by the mining bitcoins concept, but this is the first time I've seen these rigs. If I remember correctly, it takes something like 20,000 dollars worth of video cards to get your system up to the point that it can generate something like 5 bitcoins a day (remember the difficulty increases as more bitcoins get generated). And I think someone did the math a while back that bitcoins have to be worth at least 20 dollars a piece to outweigh the electricity usage. Also, cops will start investigating you for having a growhouse because your house is so loving hot.
|
| # ? May 26, 2012 17:36 |
|
|
Does anyone know whatever happened to Atlas? drat I miss laughing at that kid.
|
| # ? May 26, 2012 17:41 |
|
|
My fiat money would be on him having taken up an exciting and competitive career in the fast food industry in order to pay off outstanding power bills.
|
| # ? May 26, 2012 17:44 |
|
|
pathetic little tramp posted:If I remember correctly, it takes something like 20,000 dollars worth of video cards to get your system up to the point that it can generate something like 5 bitcoins a day (remember the difficulty increases as more bitcoins get generated). The best part is after the cops finish, they won't arrest you, but they'll think less of you than if you actually had a growhouse.
|
| # ? May 26, 2012 17:46 |
|
|
tetsuo posted:reminder that this happened and people who society trusts to drive, own land and use sharp objects still listen to this mans every word http://falkvinge.net/2011/05/29/why...s-into-bitcoin/ Oh yes please! If you're so idiotic as to put your money into a currency with absolutely no legal support in any way, get the gently caress out of the marketplace...you're just making it harder for us smarter investors to make money.
|
| # ? May 26, 2012 17:46 |
|
|
Xarthor posted:Does anyone know whatever happened to Atlas? drat I miss laughing at that kid. While momentarily distracted pulling up a bootstrap, he was run over by a public bus full of welfare recipients.
|
| # ? May 26, 2012 17:48 |
|
|
taupoke posted:How does this chucklefuck explain away the making of a limited amount of currency? If you have a finite source of currency won't that just gently caress you over when the economy grows and becomes worth more CosbyCoins? Or will each CosbyCoin become ridiculously overvalued until no one can afford them and you have a crash? No, you see, that's a good thing. Unlike evil fiat inflationary currencies that steal your money, deflationary currencies let you invest in the future just by stashing money in your (virtual) mattress. The best part is that Bitcoin isn't even backed by anything, so your silly "overvaluing" is impossible.
|
| # ? May 26, 2012 17:56 |
|
|
Xarthor posted:Does anyone know whatever happened to Atlas? drat I miss laughing at that kid. He probably followed trough with what he posted and killed himself. e- Seriously it looks like he was expunged from the forums or at least got his name changed. Cao Ni Ma fucked around with this message at May 26, 2012 around 18:03 |
| # ? May 26, 2012 17:58 |
|
|
So, let me get this straight, you run a program to make bitcoins? And people run multiple overclocked computers just to generate bitcoins, which no have gold backing or economic value, and expect a return?  Have any of Ayn Rand's ideas ever worked, or is she considered a hack by anyone who isn't a liberterian? OldMemes fucked around with this message at May 26, 2012 around 18:05 |
| # ? May 26, 2012 18:02 |
|
|
OldMemes posted:
Her ideas worked so well she died poor on Social Security and Welfare
|
| # ? May 26, 2012 18:07 |
|
|
But the people running like 10 top end graphic cards 24/7 in their bed rooms to the point of getting heat strokes have to actually get something out of it, right? If not, why the hell would they do it?
|
| # ? May 26, 2012 18:08 |
|
|
How do you know someone is an idiot? They think BitCoin is a great idea.
|
| # ? May 26, 2012 18:13 |
|
|
Kal posted:But the people running like 10 top end graphic cards 24/7 in their bed rooms to the point of getting heat strokes have to actually get something out of it, right? If not, why the hell would they do it? Presumably someone else is footing the electric bill.
|
| # ? May 26, 2012 18:13 |
|
|
Kal posted:But the people running like 10 top end graphic cards 24/7 in their bed rooms to the point of getting heat strokes have to actually get something out of it, right? If not, why the hell would they do it? They get to dream the dream, the power used is not even covered by the magic money produced at this point anymore.
|
| # ? May 26, 2012 18:13 |
|
|
Mr. Pumroy posted:Can't stand the heat get out of the kitchen. No apologies for running with the big dogs. This is a man's currency you don't get to half rear end it. Go large or go home. End the Fed. A is A. See now that actually looks really awesome. Not in a "I wanna make a buttload of cash" way, just in a "how can we make this work" kinda way. OldMemes posted:So, let me get this straight, you run a program to make bitcoins? And people run multiple overclocked computers just to generate bitcoins, which no have gold backing or economic value, and expect a return? :pysduck: Well, there's that statue called "The Objectivist", which is a reference to Atlas Shrugged. It's a major landmark on Wall Street, and objectivism seems to be the driving force behind a lot of the decisions made in the financial markets. Objectivism is really a philosophy for yourself, and she makes some interesting points about using reason as a basis for morality, rather than some sort of belief system. I think a lot of people misconstrue it as a reasoning for being absurdly selfish or self-serving, and general assholery. But I think almost any 20th-century philosophy could be considered in that manner. Would some find existentialism and nihilism to be grounds for doing anything, because nothing matters? I think a superficial understanding of these philosophies can certainly lead one to that sort of thought pattern.
|
| # ? May 26, 2012 18:14 |
|
|
This thread is:
|
| # ? May 26, 2012 18:14 |
|
|
Do any of you guys know the conversion rate between isk and bitcoins is? I've been considering moving to a safer, more stable currency
|
| # ? May 26, 2012 18:17 |
|
|
OldMemes posted:So, let me get this straight, you run a program to make bitcoins? And people run multiple overclocked computers just to generate bitcoins, which no have gold backing or economic value, and expect a return? I've read all of Ayn Rand's ramblings (compiled alongside the rantings of Alan Greenspan, her BFF) in a book called "Capitalism." No. None of her ideas have ever--nor will ever--work. They are poisonous ideals that could not work.
|
| # ? May 26, 2012 18:18 |
|
|
Xarthor posted:Does anyone know whatever happened to Atlas? drat I miss laughing at that kid. Forget Atlas. What happened to that pedo guy?
|
| # ? May 26, 2012 18:22 |
|
|
I'm too cheap to buy a computer case, but I'll be damned if the fans and power supplies on my mining rig aren't full of LEDs.
|
| # ? May 26, 2012 18:22 |
|
|
No Bitcoin Rap? For shame. http://www.youtube.com/watch?v=MBfeLdjNVKY Anyone knowif Bruce ever went to jail?
|
| # ? May 26, 2012 18:23 |
|
|
Meho posted:No Bitcoin Rap? For shame. For the fraud or the pedophilia?
|
| # ? May 26, 2012 18:26 |
|
|
taupoke posted:How does this chucklefuck explain away the making of a limited amount of currency? If you have a finite source of currency won't that just gently caress you over when the economy grows and becomes worth more CosbyCoins? Or will each CosbyCoin become ridiculously overvalued until no one can afford them and you have a crash? You can trade fractional bitcoins. Theoretically, if a bitcoin becomes worth a million dollars, you can just trade 0.000001 bitcoins for your slimjims.
|
| # ? May 26, 2012 18:27 |
|
|
Mr Luxury Yacht posted:For the fraud or the pedophilia? Either answer would be acceptable. Looks like they haven't posted a new show on anything over there in months.
|
| # ? May 26, 2012 18:28 |
|
|
Depending on your video card and how much you pay for electricity, mining is still profitable. Of course, it's "profitable" in the sense that you might earn a dollar a day for each video card you've got, so you're better off looking through street gutters for quarters.
|
| # ? May 26, 2012 18:28 |
|
|
Zero One posted:Forget Atlas. What happened to that pedo guy? You're going to need to narrow that down, like, a lot. Nobody will ever top logansryche as king of the bitcoin losers, though. There's really nobody else who could even compete.
|
| # ? May 26, 2012 18:28 |
|
|
ymgve posted:Depending on your video card and how much you pay for electricity, mining is still profitable. I don't think it is, if you consider amortization costs, and wear and tear on your hardware (bitcoin mining is extremely hardware intensive.)
|
| # ? May 26, 2012 18:30 |
|
|
Does anyone have a link to the thread where Atlas registered and started debating everyone? It seems to have disappeared from my bookmarks.
|
| # ? May 26, 2012 18:31 |
|
|
Ashenai posted:I don't think it is, if you consider amortization costs, and wear and tear on your hardware (bitcoin mining is extremely hardware intensive.) That's true too. If anyone wants to crunch the numbers themselves, here's a site that lets you put in numbers and predict the (lack of) profit: http://bitcoinx.com/profit/ If you really want to earn Bitcoins, it looks like the best way is to take up hacking. edit: I forgot, you could also set up a pyramid or ponzi scheme. That works too.
|
| # ? May 26, 2012 18:36 |
|
|
AuMaestro posted:I'm too cheap to buy a computer case, but I'll be damned if the fans and power supplies on my mining rig aren't full of LEDs. Believe it or not, most hardware (especially fans) these days is cheaper when it comes with tons of obnoxious LEDs plastered all over. Also, those bitcoin-dehydrated strawberries are hilarious. They look diseased.
|
| # ? May 26, 2012 18:36 |
|
|
Good Citizen posted:You're going to need to narrow that down, like, a lot. Did he ever stop adding different types of soda to his fictional movie theatre that plays Tailspin reruns 24/7?
|
| # ? May 26, 2012 18:37 |
|
|
Mr. Pumroy posted:Can't stand the heat get out of the kitchen. No apologies for running with the big dogs. This is a man's currency you don't get to half rear end it. Go large or go home. End the Fed. A is A. Too bad they probably don't have friends. Edit: Mulatto Butts posted:Did he ever stop adding different types of soda to his fictional movie theatre that plays Tailspin reruns 24/7? Space-Pope fucked around with this message at May 26, 2012 around 18:43 |
| # ? May 26, 2012 18:37 |
|
|
I think my favorite bitcoin thing is that dude who got brain damage beacuse he stayed in a super hot room.
|
| # ? May 26, 2012 18:45 |
|
|
|
| # ? May 19, 2013 13:28 |
|
|
Does anyone have that video of the very first Bitcoin Show where they didn't really know what they were doing, so it was like 2 minutes of the intro animation looping while you heard them shouting at each other from across the room because they had left their mics on? That pretty much summed up Bitcoins in one hilarious technical-difficulty filled clip.
|
| # ? May 26, 2012 18:52 |
|
