bitcoin: a sisyphean nightmare, forever trapped in an endless wall of sperg

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > bitcoin: a sisyphean nightmare, forever trapped in an endless wall of sperg

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Dren: Jan 5, 2001; Pillbug

Robawesome posted:

Please Educate Me: Why don't wallets like Coinbase/Circle have the option to buy something with Bitcoin without purchasing Bitcoin first? (self.Bitcoin)

submitted a minute ago by Logical007

Can anyone explain to me why they aren't doing this? (Or, if it's not a good idea, why it's not a good idea?)

Scenario:

You're using your Circle Wallet. You see a Video Game that you want to buy from Microsoft for $60 worth of Bitcoin. You scan the QR code with your Circle wallet, then Circle sends $60 worth of BTC to Microsoft and then deducts $60 from your Checking Account.

Why is this not a feature? They could limit it to verified account for their protection, like a max of $100 worth of BTC a day for this feature.

Why is this not a thing? Why do these services, that intend to make Bitcoin easier, make the consumer acquire the BTC before the purchase?

I realize Coinbase has the USD wallets, but it's not the same thing.

Thanks for reading and sharing your insight.

[�]bankerfrombtc 1 point 3 minutes ago
Why even use Bitcoin in that scenario? Why not just not have Bitcoin involved?

[�]Logical007 [S] 1 point just now
In this scenario (as far as the consumer is concerned) it would be no different than using a service like PayPal for example. It is the merchant who would be happiest the consumer is using Bitcoin because of low or no transaction fee and no chargebacks.

Genius. Consumer gives up fraud protection and the option of chargebacks in exchange for

:bsdsnype:

# ? Jan 2, 2015 05:32

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# ? Apr 24, 2024 20:26

infernal machines: Oct 11, 2012; we monitor many frequencies. we listen always. came a voice, out of the babel of tongues, speaking to us. it played us a mighty dub.

Dessert Rose posted:

missing from this post is, again, why you or anyone should give a poo poo

because it's new and different and computers and the internet is why!

but seriously, i was tempted to bust out d&d style with a point by point breakdown of why every one of how's posts completely ignores or misunderstands what's actually being said about the problems with bitcoins, but then i remembered this is what he does in every bitcoin thread.

so yeah, he's either trolling or literally to stupid to comprehend the very simple arguments used to demonstrate why bitcoin is lovely in practice.

i don't think anyone here has said that a digital currency can't or won't succeed, because there is obviously a market and use for such a thing, just that bitcoin and its derivatives/spinoffs/whatever aren't going to be it because of the fundamental flaws in their design. the crazy hodlers seem to have forgotten (or never known) that bitcoin itself was a proof-of-concept, it wasn't designed for mass adoption or to replace the dollar as a global reserve currency or whatever madness

# ? Jan 2, 2015 05:33

Dren: Jan 5, 2001; Pillbug

infernal machines posted:

but seriously, i was tempted to bust out d&d style with a point by point breakdown

no don't why would you ever

# ? Jan 2, 2015 05:35

infernal machines: Oct 11, 2012; we monitor many frequencies. we listen always. came a voice, out of the babel of tongues, speaking to us. it played us a mighty dub.

Dren posted:

no don't why would you ever

because i am a nerd on the internet

# ? Jan 2, 2015 05:35

Nintendo Kid: Aug 4, 2011; by Smythe

infernal machines posted:

because i am a nerd on the internet

come post with us

# ? Jan 2, 2015 05:37

hobbesmaster: Jan 28, 2008

how is either an impressive troll or an idiot

someone go dig up his cavern of cobol posts

# ? Jan 2, 2015 05:38

Sham bam bamina!: Nov 6, 2012; ƨtupid cat

hobbesmaster posted:

how is either an impressive troll or an idiot

someone go dig up his cavern of cobol posts

http://forums.somethingawful.com/banlist.php?userid=182061

# ? Jan 2, 2015 06:10

Sham bam bamina!: Nov 6, 2012; ƨtupid cat

lol

how!! posted:

Hows that any different than a new manager coming on board and noticing that %0.13 is being shaved off all transactions. He asks the programmers why that is. None of the programmers have any idea. Three days later a programmer finds that on line 63463 theres a bit of code that subtracts %0.13 off all transactions. Manager asks why it is doing that. Programmer has no idea. No other manager has any idea. Manager tells programmer to remove that code. Company is then fined. I call it How!!'s rule of software complexity: As software complexity increases, bugs and features become indistinguishable.

(USER WAS PUT ON PROBATION FOR THIS POST)

i didn't bold that last sentence :v:

# ? Jan 2, 2015 06:12

kierrie: Jun 7, 2010

Nintendo Kid posted:

You misunderstand. Merchants that use bitpay etc have 0 risk because they just get the cash. Bitpay has plenty of risk because they have to get the cash from somewhere when they take the bitcoins from someone.

They get the cash by immediately selling the bitcoins on the market. This is why i say they don't hold any btc and are constrained by btc volume. The btc is sold before the actual merchant transacation is confirmed.

# ? Jan 2, 2015 06:23

theflyingexecutive: Apr 22, 2007

guys is there really someone in here tryna say bit coin exists?!?!?!?!

# ? Jan 2, 2015 06:24

infernal machines: Oct 11, 2012; we monitor many frequencies. we listen always. came a voice, out of the babel of tongues, speaking to us. it played us a mighty dub.

Nintendo Kid posted:

come post with us

i stick to CanPol. it's no less ridiculous than the rest of d&d but at least it's relevant

# ? Jan 2, 2015 06:46

shadok: Dec 12, 2004; You tried to destroy it once before, Commodore.
The result was a wrecked ship and a dead crew.; Fun Shoe

no there's someone in here trying to say that everyone in here is trying to say that bit coin doesn't exist, which is weirder because literally no-one in here has ever said or implied it.

# ? Jan 2, 2015 06:48

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

shadok posted:

bit coin doesn't exist

# ? Jan 2, 2015 06:50

infernal machines: Oct 11, 2012; we monitor many frequencies. we listen always. came a voice, out of the babel of tongues, speaking to us. it played us a mighty dub.

kierrie posted:

They get the cash by immediately selling the bitcoins on the market. This is why i say they don't hold any btc and are constrained by btc volume. The btc is sold before the actual merchant transacation is confirmed.

this has two problems, one it assumes there's enough buying volume to match what they're putting up and two they risk tanking the value themselves if they have to handle a large enough transaction. they're either selling off the exchanges or they have essentially no transaction volume

assuming their wallet addresses are known it would be trivial to see if their volume matches up 1 to 1 or if they're holding significant reserves.

# ? Jan 2, 2015 06:51

infernal machines: Oct 11, 2012; we monitor many frequencies. we listen always. came a voice, out of the babel of tongues, speaking to us. it played us a mighty dub.

shadok posted:

no there's someone in here trying to say that everyone in here is trying to say that bit coin doesn't exist, which is weirder because literally no-one in here has ever said or implied it.

i'm pretty sure HOW meant it not in the sense of a literal denial, but that we don't believe it exists in the way it is claimed to exist. which is a really bizarre meta-denial but makes marginally more sense than the literal moon-hoax, flat-earth version.

# ? Jan 2, 2015 06:54

BobHoward: Feb 13, 2012; The only thing white people deserve is a bullet to their empty skull

infernal machines posted:

i'm pretty sure HOW meant it not in the sense of a literal denial, but that we don't believe it exists in the way it is claimed to exist. which is a really bizarre meta-denial but makes marginally more sense than the literal moon-hoax, flat-earth version.

how dare you doubt how's capacity for believing in impossibly stupid things

lese-majeste. we like how what in here. :getout:

# ? Jan 2, 2015 06:56

Chocobo: Oct 15, 2012; Here comes a new challenger!; Oven Wrangler

Sham bam bamina! posted:

lol

i didn't bold that last sentence

office space 2

mike judge is getting lazy

# ? Jan 2, 2015 06:58

Midjack: Dec 24, 2007

Has anybody said bitcoin doesn't exist yet?

# ? Jan 2, 2015 07:03

shadok: Dec 12, 2004; You tried to destroy it once before, Commodore.
The result was a wrecked ship and a dead crew.; Fun Shoe

infernal machines posted:

i'm pretty sure HOW meant it not in the sense of a literal denial, but that we don't believe it exists in the way it is claimed to exist. which is a really bizarre meta-denial but makes marginally more sense than the literal moon-hoax, flat-earth version.

well, this is what he wrote

DAT NIGGA HOW posted:

bitcoin deniers come in two forms:

1. people that straight up believe bitcoin doesn't exist. basically like moon landing deniers
2. people who believe bitcoin exists, but think its complete collapse is imminent because they can think up some theoretical situation that proves bitcoin will not work

seems pretty unequivocal, setting aside that his second category of people aren't actually denying the existence of bitcoins.

# ? Jan 2, 2015 07:10

Improbable Lobster: Jan 6, 2012; What is the Matrix 🌐? We just don't know 😎.; Buglord

infernal machines posted:

i'm pretty sure HOW meant it not in the sense of a literal denial, but that we don't believe it exists in the way it is claimed to exist. which is a really bizarre meta-denial but makes marginally more sense than the literal moon-hoax, flat-earth version.

bitcoin was just swamp gas all along

# ? Jan 2, 2015 07:10

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

only when one of us gets punched in the face by satoshi nakamoto can we truly be ranked among the likes of the moon hoax conspiracy theorists

# ? Jan 2, 2015 07:13

anthonypants: May 6, 2007; by Nyc_Tattoo; Dinosaur Gum

Improbable Lobster posted:

bitcoin was just swamp gas all along

agreed

# ? Jan 2, 2015 07:13

computer toucher: Jan 8, 2012

DAT NIGGA HOW posted:

because i only bought what i could afford to lose.

i have no reason to sell my bitcoin.

maybe if i need 10K for a heart transplant, i'll have to sell some bitcoin.

which reminds me!!!! last lear right before April 20, 2013, i had to sell some bitcoins into dollars so that I could pay my taxes. the government was going to charge me an extra $500 to accept my taxes via credit card, so I was forced to pay my taxes with a check. but i had also just paid off my credit card (which had a lot on it because i had to get a bunch of car repairs). basically i had to either sell some stocks or sell some bitcoin in order to have enough USD in my bank account to clear the tax check. this is basic normal people stuff with moving money between accounts and such. the point is that i really have sold bitcoin, and i did it with coinbase. i think i sold 5K or so.

so if you bought in at 600 and 450, and would now sell only if you need 10.000, that means you bought in with about 15.000-20.000 dollars?

jesus christ.

# ? Jan 2, 2015 07:27

computer toucher: Jan 8, 2012

DAT NIGGA HOW posted:

i buy most things with dollars, i only spend bitcoin if its an option, i don't go out of my way to spend btc unless the btc price is way up and i want to offload some.

2 days ago i bought a casacius coin. bitpay was an option so i thought what the hell... i'd rather just reach over, grab my phone, make the transaction, rather than reach over the other direction to grab my card and type the numbers into my computer. once you have a bitcoin wallet set up its not any more difficult to use than credit cards. the hard part is learning all the terminology (blockchain, transaction, outputs, etc), and getting your bank account attached to an exchange.

no, the hard part is looking at your five cats in the eye when you explain to them why they won't be eating for a week because daddy lost it all when $exchange got "hacked".

# ? Jan 2, 2015 07:42

Buttcoin purse: Apr 24, 2014

DAT NIGGA HOW posted:

2 days ago i bought a casacius coin.

Obvious troll because nobody would do this ever, right?

# ? Jan 2, 2015 07:47

Feisty-Cadaver: Jun 1, 2000; The worms crawl in,
The worms crawl out.

jesus christ hes a troll and you idiots take the bait every time

# ? Jan 2, 2015 07:48

infernal machines: Oct 11, 2012; we monitor many frequencies. we listen always. came a voice, out of the babel of tongues, speaking to us. it played us a mighty dub.

Feisty-Cadaver posted:

jesus christ hes a troll and you idiots take the bait every time

you're right. lets just go back to bitching about nacho's writing and reposting the edited highlights or the greythread's reddit diving

# ? Jan 2, 2015 08:05

Malloc Voidstar: May 7, 2007; Fuck the cowboys. Unf. Fuck em hard.

https://www.reddit.com/r/Bitcoin/comments/2r2lle/miami_bitcoin_conference_organizers_response_to/
miami bitcoin conference has responded to concerns about letting the scammer jeff garza give a presentation by giving him an additional 30 minutes to speak

# ? Jan 2, 2015 08:12

AlbieQuirky: Oct 9, 2012; Just me and my 🌊dragon🐉 hanging out

Aleksei Vasiliev posted:

https://www.reddit.com/r/Bitcoin/comments/2r2lle/miami_bitcoin_conference_organizers_response_to/
miami bitcoin conference has responded to concerns about letting the scammer jeff garza give a presentation by giving him an additional 30 minutes to speak

that is the bitcoiniest possible outcome

it's like when people invested in patrick starfish fund to hedge their bets on pirate and then patrick starfish invested that money in pirate

# ? Jan 2, 2015 08:20

infernal machines: Oct 11, 2012; we monitor many frequencies. we listen always. came a voice, out of the babel of tongues, speaking to us. it played us a mighty dub.

AlbieQuirky posted:

that is the bitcoiniest possible outcome

it's like when people invested in patrick starfish fund to hedge their bets on pirate and then patrick starfish invested that money in pirate

no that'll be when the guy announces that he put 100% of the ticket revenues into paycoin and now he needs $10k to pay the conference center or they have to vacate the venue immediately

# ? Jan 2, 2015 08:25

Chocobo: Oct 15, 2012; Here comes a new challenger!; Oven Wrangler

a glorious outcome

# ? Jan 2, 2015 08:41

Necc0: Jun 30, 2005; by exmarx; Broken Cake

i'm pretty sure we've been saying bitcoin was never going to go away pretty much since the beginning. the key is that we also said it will permanently remain irrelevant and in the domain of libertarian high schoolers, 'hackers', and washed up day traders pulling this flavor-of-the-month's con.

# ? Jan 2, 2015 08:43

poik007: Aug 16, 2006; Thinks Mother 3 is the best game ever

Je n'aime pas comment :ohdear:

# ? Jan 2, 2015 09:56

The Management: Jan 2, 2010; sup, bitch?

infernal machines posted:

literally to stupid

mods!

computer toucher posted:

$exchange

no wait, this one

# ? Jan 2, 2015 10:15

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

Necc0 posted:

i'm pretty sure we've been saying bitcoin was never going to go away pretty much since the beginning. the key is that we also said it will permanently remain irrelevant and in the domain of libertarian high schoolers, 'hackers', and washed up day traders pulling this flavor-of-the-month's con.

http://www.ebay.ca/sch/i.html?_from=R40&_trksid=p2050601.m570.l1313.TR10.TRC0.A0.H0.Xpogs&_nkw=pogs&_sacat=0

nothing ever completely disappears

# ? Jan 2, 2015 10:45

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

god drat it now i want to play with pogs

# ? Jan 2, 2015 11:10

Alan Smithee: Jan 4, 2005; A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

pogs were lame even in its heyday and I knew this as a retarded child

# ? Jan 2, 2015 11:27

theadder: Dec 30, 2011

dsyp!!!

# ? Jan 2, 2015 11:27

ellie the beep: Jun 15, 2007; Vaginas, my subject.
Plane hulls, my medium.

Alan Smithee posted:

pogs were lame even in its heyday and I knew this as a retarded child

fuk u

# ? Jan 2, 2015 11:28

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# ? Apr 24, 2024 20:26

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

dank 2.0:

https://www.kickstarter.com/projects/1984652765/1210144033?token=9880a9d2

# ? Jan 2, 2015 11:31

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > bitcoin: a sisyphean nightmare, forever trapped in an endless wall of sperg

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