DNova posted:

what is the story behind shirtless bitcoin jesus licking a hammer

quote:

But Bitcoin isn't a currency. It's a Ponzi scheme for redistributing wealth from one libertarian to another. At least that's all it is right now. One day it could be more. Venture capitalists, for their part, are quick to point out that it's really a protocol, like the early internet, and its underlying technology could still be revolutionary. What are they supposed to say, though, when they've bet hundreds of millions of dollars on it?

But that's not much of a consolation to anyone who bought anywhere near Bitcoin's $1,100 top. Or near $1,000, or $900, or $800, or, well even yesterday's prices. That's because Bitcoin hasn't just fallen 76 percent the past year. It's fallen 36 percent the past two days, as you can see below, with a 24 percent decline the past 24 hours. It's too bad Bitcoin doesn't have a central bank to help stabilize its value.

What in the name of Satoshi Nakamoto is going on? Well, two things. First, Bitcoin's big bubble has been slowly deflating for over a year now. It has no inherent value, after all, because, despite companies trying to get free PR by saying they'll accept it, almost nobody uses it to buy anything other than drugs. Second, though, is a problem that's all too familiar to anyone who tried flipping condos in Miami ten years ago. Bitcoin miners, you see, borrowed money—and real money, as in dollars—that they could only pay back if Bitcoin prices kept rising, or at least didn't fall this much.

TVarmy posted:

not too much new in this WaPo blog post, but it's cool to see the lamestream media explaining butts.

http://www.washingtonpost.com/blogs...ian-to-another/


it does a good job explaining why mining during the last bubble has created a death spiral that could lead to the frisbee on the roof and the whole thing will fall like a house of cards. checkmate.

TVarmy posted:

not too much new in this WaPo blog post, but it's cool to see the lamestream media explaining butts.

http://www.washingtonpost.com/blogs...ian-to-another/


it does a good job explaining why mining during the last bubble has created a death spiral that could lead to the frisbee on the roof and the whole thing will fall like a house of cards. checkmate.

quote:

But in the long run, we're all dead,

quote:

This is Roger Ver. Last year he renounced his citizenship to avoid paying US taxes. Now he's upset that the "tyrants" in the US government won't give him a visa to visit Miami this weekend to speak at a Bitcoin conference.

As many of you know, unitary, robust citizenship is an important value to me. Another big interest of mine is morons and arrogant douchebags, especially people who fall into both categories. Which brings us back to Roger Ver, variously known as a "Bitcoin entrepreneur" or the "Bitcoin Jesus." Ver is now a citizen of Federation of Saint Kitts and Nevis. He was so excited about avoiding taxes that as soon as he became a Nevisian he set up yet another start up that would allow you to use bitcoins to buy a Saint Kitts and Nevis passport so you too could avoid US taxes. Alas, it folded after a few months, apparently because the St Kitts government disavowed it.
...

TVarmy posted:

frisbee on the roof

Tayter Swift posted:

I have never heard of this term except in this thread and except in the last week

Ripoff posted:

seriously what

have you never played with a frisbee as a kid and/or paid your servants to do it for you?

evilweasel posted:

talkingpointsmemo is also getting on the "mocking whiny entitled shitlord roger ver" train:


http://talkingpointsmemo.com/edblog/im-so-so-glad-this-guy-exists

quote:

Said Vers ...

"I checked with lawyers very carefully before I renounced, and they clearly assured me that I will qualify for a visa to visit the USA. I would be fine with them denying my visa if it was for a valid reason, but they are either lying, ignorant, or stupid when they claim that I plan to secretly overstay my visa and live as an illegal immigrant in the USA."

I'm curious what lawyer Ver was talking to. Because they were ignorant, bad lawyers. The US code explicitly states that former citizens who renounce their citizenship to avoid taxes are an excludable class. See Sec. 212 [8 U.S.C.1182].

Greyhawk posted:

reminder anders andropoolous will have an AMA in 40 minutes

quote:

[–]Cocosoft 3 points 2 hours ago

Working link https://twitter.com/aantonop/status/555725031603331072[1]

quote:

[–]andreasma 18 points 2 hours ago

I got it backwards, I meant EUR/CHF not CHF/EUR. D'Oh. I re-tweeted it to correct.

quote:

[–]runeks [-1] 2 points an hour ago*

The profitable investment is CHF (Swiss Francs). EUR/CHF and CHF/EUR are not assets, they are currency pairs (markets). The EUR/CHF market, for example, is CHF bidding on EUR.

CHF has risen (a lot relative to EUR, but also relative to USD)
EUR has fallen (a lot relative to CHF, but also relative to USD)
USD has fallen relative to CHF, but has risen relative to EUR

quote:

[–]goalkeeperr -7 points 1 hour ago

this is Andreas we are talking about, incompetent all the way

quote:

[–]KoKansei 55 points 3 hours ago
Let me put it this way: would YOU be willing to have your actions judged and your livelihood potentially destroyed by a group of technologically illiterate people?
"Jury of your peers" has always been a joke. Now that society has become so complicated that the average juror can't even fully understand what is being discussed, the joke has just gotten tragically funnier.

theflyingexecutive posted:

it's like having the world's most powerful and deadly space laser but using it to gently caress w/ an anthill

surebet posted:

like yeah, i'd vastly prefer jurors to come in with pre-conceived notions

quote:

She also requested all readings of chat transcripts
include emoticons.

Powershift posted:

Somebody ask him if he feels any remorse for the people he has destroyed financially with his evangelizing. Ask if he has personally profited from the loss of their life savings.

duTrieux. posted:

a while back i tweeted a casual claim of complicity when some app he sponsored went under as a scam. he responded almost immediately with a demand that i produce evidence for my claim

Dex posted:

somebody repost that libertarian festival with the guy who wanted to jam needles in somebody's neck, and demanded proof that it was a bad idea when they stopped him

surebet posted:

ama is live if anyone wants to poop touch

http://np.reddit.com/r/IAmA/comments/2sj2uc/i_am_andreas_m_antonopoulos_author_of_mastering/

quote:

Igot.com - dead in the water!!!! (self.Bitcoin)

submitted 4 hours ago by snowmonkey73

Word of warning in case you stumble across the company Igot.com. Think carefully about using. I think they have gone. I went through the registration process and their site still works automatically. And the verification process is also automatic. Everything looks great until after you deposit money to their account. Then you realise there is no one behind the site. I have contacted their receiving bank (Fidor), and also contacted my bank hsbc to reverse the payment. However, I don't hold much hope! I have opened tickets with Igot, sent them emails, tried to contact on FB and Twitter, but receive no response. I think they are gone! But their bank is still receiving money.

Note to self....do more research before making a payment.

surebet posted:

ama is live if anyone wants to poop touch

http://np.reddit.com/r/IAmA/comments/2sj2uc/i_am_andreas_m_antonopoulos_author_of_mastering/

Powershift posted:

So is he ever gonna start answering stuff?

duTrieux. posted:

Powershift posted:

So is he ever gonna start answering stuff?

edit: somebody photo shop a koran and a hostage note in this to make the context match the visuals.

ayn rand hand job posted:

[–]surebetSA 1 point 2 minutes ago
What is your stance on Roger Ver being denied entry back into the US?

quote:

The internet has changed the world profoundly. Do you believe, as is often said, that bitcoin holds a similar promise of change and disruption?

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[–]andreasmaLet's Talk Bitcoin[S] 1 point a minute ago

Not only will bitcoin have a huge impact, it will also fundamentally transform the Internet and fuel its impact even more. Money on the Internet means new ways to fund Internet infrastructure, content and innovation.

trucutru posted:

Meh, this AMA thing is totally boring (like my posting).