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I mean even in some hypothetical universe where mining bitcoins is supposedly a good idea, the hypothetical universe which bitcoiners believe they inhabit. if the cloud mining is profitable then why would the cloud mining company even be selling cloud mining instead of just mining all the bitcoins themselves.
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Dec 17, 2014 04:06
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As a Millennial I posted:I mean even in some hypothetical universe where mining bitcoins is supposedly a good idea, the hypothetical universe which bitcoiners believe they inhabit. if the cloud mining is profitable then why would the cloud mining company even be selling cloud mining instead of just mining all the bitcoins themselves. why did bfl sell buttminers?
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Dec 17, 2014 04:08
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infernal machines posted:why did bfl sell buttminers? They needed the preorder money to make the buttminers in the first place so they could mine with them for a while and eventually ship them to customers when they felt good and ready.
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Dec 17, 2014 04:19
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infernal machines posted:why did bfl sell buttminers? Because they had to sell something after taking in all that money.. The funniest part is, they let people pre-order cloud mining. pre. order. cloud. mining. And rather than waiting for refunds, people are waiting for their cloud mining to come online. Their pre-ordered cloud mining. pre-ordered. cloud mining.
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Dec 17, 2014 04:21
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infernal machines posted:why did bfl sell buttminers?
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Dec 17, 2014 04:47
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anthonypants posted:that's just it they didn't They always released just enough to keep the suckers on the hook for the next bigger and better machines.
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Dec 17, 2014 05:21
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As a Millennial I posted:I mean even in some hypothetical universe where mining bitcoins is supposedly a good idea, the hypothetical universe which bitcoiners believe they inhabit. if the cloud mining is profitable then why would the cloud mining company even be selling cloud mining instead of just mining all the bitcoins themselves. a larger chunk of them are ponzis. "but this cloud mining contact for $600 and your miner earns 2% weekly" suuuuure.
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Dec 17, 2014 05:35
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it was rhetorical, they did it because idiots will pay for a product/service that makes no financial sense for the company to provide (if it performed as they imply it would). there's no case where purchasing a miner or "cloud mining" service will provide a better ROI then just buying butts directly off an exchange, but no one purchasing this poo poo has bothered to work that out.
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Dec 17, 2014 05:37
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buying bitcoin = spending money = bad mining bitcoin = making money from thin air = pure profit™
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Dec 17, 2014 05:48
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it's like jerk mcjerkface's former accounting practices* *time being worthless ofc
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Dec 17, 2014 05:59
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i think i found my new favorite bitcoin poster and by favorite i mean 'this dude is loving wacko'
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Dec 17, 2014 11:02
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Alan Smithee posted:You'd think butt insurance is something buttheads would be the first to get in on be your own insurance actually there was a butt insurance insuring people against possible losses in the pirateat40 ponzi there was only one slight problem and that was the butt insurance investing all the insurance money in the pirateat40 ponzi
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Dec 17, 2014 11:10
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well it was a AAA rated ponzi scheme.
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Dec 17, 2014 11:31
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J-Lo has insurance for her butt they should ask where she got hers
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Dec 17, 2014 12:08
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bitcoiners create art nowquote:This is my first attempt at painting so don't judge
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Dec 17, 2014 12:24
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I wanted to sell it for btc but i haven't been a Reddit member long enough. Ill ship for free just explain where/how/when you'll use it and i will pick the winner in the next few hours!
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Greyhawk posted:be your own insurance 
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Dec 17, 2014 12:28
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turns out bitcoin wasn't the worst investment in 2014 after all it was litecoin 
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Dec 17, 2014 12:32
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Here is why companies like MasterCard lobby against made up fictional fantasy magic unicorn internet money that is comprised of nothing more than poorly organized entries in a global peer-to-peer cryptographically secure database (self.Bitcoin) submitted 6 hours ago * by jratcliff63367 Bitcoin is tiny. Bitcoin is so small that its daily transaction volume could be excused as round off error at most major banks. Bitcoin is so tiny, it is so obscure, it is so volatile, and it is so irrelevant, that not only should MasterCard not be worried about it, neither should payday loans companies either. It is a fact that bitcoin is obscure, difficult, volatile and tiny. Given these facts, you have to wonder why companies like MasterCard, as well as major world governments, attack it with such ferocity? Let me tell you why. Because when the human population recognizes that what unit of currency they choose to invest with value is both arbitrary and based entirely on their own personal belief, then it can change in instant. Many people, most people in fact, who have led their lives being hypnotized by money, are completely bamboozled to believe that only governments can create currency and give it value. However, occasionally, when a government currency collapses before our very eyes the veil is lifted for a moment and we realize that governments don't give a currency value, we do. The reason governments and banks are frightened of bitcoin, even though it is very tiny, is because some of them know that the whole thing is a house of cards that can collapse in a moment. Think about it for a second. How come when someone hands you a sheet of paper with the #100 printed on it you will give them a 100 times more stuff then if they give you the same sheet of paper but with ink printing #1 instead? The answer is within. It is because of what you personally believe. Have you ever had someone refuse to accept a $100 bill, and remember how angry that made you because you knew, in your heart, that 'it was money too'? You couldn't enforce your will on that merchant and neither could the government. As soon as that person decided your $100 bill wasn't 'money' then it wasn't any more and it reverted back to being a sheet of paper with ink on it. All money derives its strength based purely on a shared belief within a community. If you don't believe this to be true then I have a one trillion dollar bill I want to sell you... The reason huge corporations and governments are afraid of bitcoin, even though it is tiny and inconsequential, is simply because they recognize that at any point, at any time, through sheer belief alone, the hypnotized people of the world can wake up and, with a snap of our fingers, use something else.
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Dec 17, 2014 13:12
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Greyhawk posted:bitcoiners create art now anyone who would use such a sign would probably prefer to just lowball a local starving artist
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Dec 17, 2014 13:13
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quote:Think about it for a second. How come when someone hands you a sheet of paper with the #100 printed on it you will give them a 100 times more stuff then if they give you the same sheet of paper but with ink printing #1 instead? because I know that I can turn around and hand that $100 note to someone and receive $100 worth of goods or services in return quote:Have you ever had someone refuse to accept a $100 bill, and remember how angry that made you because you knew, in your heart, that 'it was money too'? You couldn't enforce your will on that merchant and neither could the government. As soon as that person decided your $100 bill wasn't 'money' then it wasn't any more and it reverted back to being a sheet of paper with ink on it. All money derives its strength based purely on a shared belief within a community. yes, when I tried to use a 50 pound note at a corner store in England and the clerk gave me the dirtiest look before holding it up to show his equally exasperated coworkers, it was because he had magicked it into "being a sheet of paper with ink on it" and not at all because it was going to empty out his change drawer this has been a test of the bitcoin venn diagram system, segment "people who know nothing about money". we now return you to you are regularly scheduled yospos
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Dec 17, 2014 13:27
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yospos, i have a question: if buttcoin (LMAO!) is so stupid, then pls explain this: "Microsoft has added Bitcoin support to Microsoft accounts. Bitcoin funds can be added to accounts to enable digital purchases from the Windows, Windows Phone, Xbox Games, Xbox Music, and Xbox Video stores. Bitcoin support is currently limited to adding fixed dollar amounts to accounts; there's no direct purchase option. Up to $100 can be added at a time, and presently the option is only available to US accounts. The Bitcoin support comes via BitPay. Other early commercial Bitcoin supporters, including PayPal and Newegg, also use BitPay." http://arstechnica.com/gaming/2014/12/xbox-windows-store-now-accepting-bitcoin-payments/ protip: u cant. lol
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Dec 17, 2014 13:58
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Greyhawk posted:be your own insurance A brilliant scheme is betting someone the world is never going to be destroyed, because how will they collect? 
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Dec 17, 2014 14:04
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the xbone has the wrong kind of ram and takes the wrong kind of money. a good post.
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Dec 17, 2014 14:04
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Dren posted:J-Lo has insurance for her butt they should ask where she got hers Is this an inflationary or deflationary currency? There is only one, but at the same time that azz just keep getting phatter crusader_complex posted:anyone who would use such a sign would probably prefer to just lowball a local starving artist I could lowball a Mexican at Home Depot and he'd do a much better job
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Dec 17, 2014 14:06
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TVarmy posted:the xbone has the wrong kind of ram and takes the wrong kind of money. a good post.
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Dec 17, 2014 14:17
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a mt gox legal thing
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Dec 17, 2014 14:18
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TVarmy posted:the xbone has the wrong kind of ram and takes the wrong kind of money. a good post. they take the right kind of money for the wrong reasons, stop spreading FUD
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Dec 17, 2014 14:20
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–]mobile_rock 2 points 4 hours ago Essentially it needs an identity that is not that of a staunch fiscally conservitive minded square. It needs people wanting to be associated with it because it gives them status, makes them look smart, and has sex apeal. But right now the image is that of a libertarian amway party held in a manchilds basement that smells like farts. Sexy indeed. permalinksaveparentreportgive goldreply
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Dec 17, 2014 14:23
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someone translate the moonrune supplements to god's language tia
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Dec 17, 2014 14:24
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we need a sign that says "bitcoin rejected here" so that exasperated clerks can just point instead of listening to a speech from a fedora-wearing Satoshi's witness
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Dec 17, 2014 14:30
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quote:a libertarian amway party held in a manchilds basement that smells like farts 5, mods please rewrite the forums software to support this title
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Dec 17, 2014 14:32
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TVarmy posted:5, mods please rewrite the forums software to support this title please don't it would mean touching radium's
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Dec 17, 2014 14:34
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TVarmy posted:5, mods please rewrite the forums software to support this title Seriously someone figure out how to make that the title of this thread.
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Dec 17, 2014 14:37
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true, best not to stray from v1.0 send radium to finish the bitcointalk rewrite.
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Dec 17, 2014 14:39
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have u answered satoshi's call? Microsoft has
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Dec 17, 2014 14:43
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if i could be bothered id post about bitcoin and say it was a christian currency transactions have to be confirmed it turns data into money (like water into wine) it is flipping the bankers tables over in the temple of a free society like jesus did you pay a fee to miners because jesus said pay to cesar what is his and stuff just to wind up libertarian atheists or something but effort
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Dec 17, 2014 14:46
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multistability posted:Bitcoin funds can be added to accounts i think someone misspelled "united states fiat dollars"
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Dec 17, 2014 14:52
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Dr. Honked posted:i think someone misspelled "united states fiat dollars" Microsoft take bitcoins in the same sense as they take credit cards, as a proxy for real money that is only meaningful to the transaction processor.
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Dec 17, 2014 15:13
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Pumpy Dumper posted:someone translate the moonrune supplements to god's language tia scroll down
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Dec 17, 2014 15:30
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Boxturret posted:scroll down i read the english part but theres pages after that that look like a breakdown of expenses that arent in english
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Dec 17, 2014 15:38
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