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Jan 18, 2016 16:13
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JazzFlight posted:And people in the comments aren't even denying the problems, they're pathetically attacking him for "talking poo poo about his ex-employer." Yeah from what I remember the Bitcoin community gets very upset if someone speaks negatively about a bad transaction or business. Despite professing to be Libertarians, they seem to hate everything about Libertarianism, like reputation and unrestricted information.
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Jan 18, 2016 16:20
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Serrath posted:Story + question about bitcoins: I know everyone's weighed in on this, but I'd like to add a very simple alternative which is less likely to get her killed by her unhinged boyfriend: Tell her to transfer enough bitcoins to her own private, secure wallet to cover the debt and leave everything else alone. That way, she's not spending the coins, they're still there for the boyfriend to collect when he pays her back* and if he flakes, then she has a chance to get her money back. Of course, this depends on the boyfriend having done things properly and not simply scammed her by taking six thousand dollars of her money and only pretended to set up a wallet for her which is the most likely scenario. * Cue uproarious laughter.
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Jan 18, 2016 16:22
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Wait why didn't he just attempt to cash out the coins in the first place? Jesus Christ what a bad decision she made.
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Jan 18, 2016 16:25
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Gorilla Salad posted:I know everyone's weighed in on this, but I'd like to add a very simple alternative which is less likely to get her killed by her unhinged boyfriend:
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Jan 18, 2016 16:25
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in my research i have found that anyone who even knows what bitcoins are is severly mentally ill
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Jan 18, 2016 16:27
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Professor Shark posted:Wait why didn't he just attempt to cash out the coins in the first place? Jesus Christ what a bad decision she made. No you don't understand man, one day soon the like ENTIRE WORLD will be using bitcoins instead of fiat money. On that day, each bitcoin will be worth ten billion dollars! If he cashes out now, he'll never be rich, even if he has to eat garbage today and steal from his doctor girlfriend.
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Jan 18, 2016 16:31
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So she isn't able to cash them out herself and she's going to be waiting at least 4 years before he starts making payments on his most likely interest free loan of $6k... that guy totally scammed her, Bitcoin style
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Jan 18, 2016 16:39
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that guy scamming his girlfriend out of $6k is probably the most legitimate cash/bitcoin exchange ever.
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Jan 18, 2016 16:42
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happyhippy posted:gently caress its still around the $350 mark. So if I bought 50 of these back when we were first making fun of them for like $60, how do I collect my winnings?
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Jan 18, 2016 16:52
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I still can't imagine how anyone believes that these things are worth anything. One day, I began to read an article about how they work, but I'm not a big fan of fairytales. Rasta_Al fucked around with this message at 17:00 on Jan 18, 2016 |
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Jan 18, 2016 16:57
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Professor Shark posted:So she isn't able to cash them out herself and she's going to be waiting at least 4 years before he starts making payments on his most likely interest free loan of $6k... that guy totally scammed her, Bitcoin style Assuming he makes it through his first year without failing anything he's probably going to want another $6k for the next years tuition. And every subsequent year after that until he gives up or graduates.
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Jan 18, 2016 16:58
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Professor Shark posted:Wait why didn't he just attempt to cash out the coins in the first place? Jesus Christ what a bad decision she made. Exactly. Or why not just get a freaking student loan to cover this and then pay it back once your bitcoins rise in value? Or even putting some of your bitcoin aside in order to fund your college education if it's a big enough deal to start stalking someone over? Especially if they're going to be a jerk to you after you hand them six loving grand?! That woman needs to run and quick. Ivor Biggun posted:Assuming he makes it through his first year without failing anything he's probably going to want another $6k for the next years tuition. And every subsequent year after that until he gives up or graduates. Even more reason to get out now. If he can't even take out a loan for this and then pay it off with his future bitcoin 'earnings' (ha ha) then he's an imbecile. Then again, he's probably doing a long con on her regardless.
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Jan 18, 2016 17:00
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Subterfrugal posted:So if I bought 50 of these back when we were first making fun of them for like $60, how do I collect my winnings? 1) Find a bitcoin scammer 2) Give them all your bitcoins 3) up Up UP!
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Jan 18, 2016 17:01
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Yeah, if she's a doctor she can probably not worry about the $6k, but you're Ivan's right that $6k is just the start
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Jan 18, 2016 17:02
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lol you guys are mentally ill
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Jan 18, 2016 17:08
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What is with all the woman doctors ending up with loser guys? Let me guess the guy is white and the girl isnt
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Jan 18, 2016 17:08
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Mange Mite posted:What is with all the woman doctors ending up with loser guys? Let me guess the guy is white and the girl isnt doctors make bad decisions because they think they are too smart to gently caress up by virtue of having become a doctor
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Jan 18, 2016 17:09
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Given how long it takes to become a doctor, might be a case of 'life spent studying at school and not dealing with shady fuckers looking for a free ride.' Explains the whole 'he makes me feel free' reason given earlier in the thread. Of course, anything could make anybody feel free if their life from eighteen to their thirties was nonstop studying and work.
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Jan 18, 2016 17:10
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Blue Train posted:doctors make bad decisions because they think they are too smart to gently caress up by virtue of having become a doctor alternatively, they become doctors to help broken people and that is reflected in their interpersonal relationships as well
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Jan 18, 2016 17:10
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bitcoin is a drugs-backed currency. it's better than the gold standard because demand for drugs will only go up, especially when the real money economy is in the toilet (and nobody really goes back to using less drugs when things get better again) imo we should abolish bitcoins and move the dollar to the drugs standard
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Jan 18, 2016 17:16
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argondamn posted:that guy scamming his girlfriend out of $6k is probably the most legitimate cash/bitcoin exchange ever. he's teaching her a valuable (in bitcoins) life lesson.
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Jan 18, 2016 17:37
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Serrath posted:Story + question about bitcoins: I love stories like this where Bitcoins turn a situation from bad to worse. Please more like that!
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Jan 18, 2016 18:10
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Cashed out something like 8k back when btc was at its high mark. Not bad for running a little background app on an iMac. Btw bitcoinstore was legit believe it or not. They even exchanged a defective monitor for me.
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Jan 18, 2016 18:15
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lolbertarians.txtquote:He had frequently allowed discussion of outright criminal activity on the forums he controlled, on the grounds of freedom of speech. But when XT launched, he made a surprising decision. XT, he claimed, did not represent the “developer consensus” and was therefore not really Bitcoin. Voting was an abomination, he said, because:
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Jan 18, 2016 18:17
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Nirvikalpa posted:The real question is, can you still buy drugs? As far as I know after Silk Road went under one of the other market places became the new number one, and business is pretty much back to normal.
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Jan 18, 2016 18:22
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BUTT coins lmaooo
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Jan 18, 2016 18:31
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GrimGypsy posted:I think I know the answer to this, but is there any way for them to hit some giant reset button to revert back to a time when mining didn't require a small nation's electricity supply and an investment suitable to open your own restaurant? Not really. The issue with bitcoin mining is that it works kind of like a lottery. There's a "prize" -- currently 25 newly-minted bitcoins -- for every new block of transactions that gets created and added to the central record chain. All transaction fees in the block also go to the miner who created the block. Blocks aren't actually that hard to create in terms of processing power, but before a block can be submitted the miner has to find a magic number that results in a specific value when hashed together with the block. The difficulty of finding this magic number is periodically adjusted to keep the creation of blocks -- and the mining of new coins -- at a rate of about one every ten minutes. If there are, say, ten thousand mining GPUs on the network, difficulty is adjusted automatically to ensure that on average one of these mining GPUs will create a block and claim the reward every ten minutes, so every GPU has a one-ten-thousandth chance of getting the 25 BTC. If some insane man fires up a gigantic mining rig capable of doing the work of 90,000 GPUs on its own, new blocks will be created much faster, but the network will soon raise the difficulty of creating blocks to bring the rate back down to one every ten minutes. This means that everybody except the insane man with the giant mining rig is suddenly getting new bitcoins a tenth as often. The more expensive bitcoins get, the more people are attracted to the prospect of making big bucks by putting up a huge datacenter and filling it with mining rigs, and the more difficult bitcoin mining becomes -- until the chances an individual miner has of ever mining any bitcoins are basically nil. This has already happened. The article linked in the OP mentioned that 95% of bitcoin mining is controlled by a group of people that looks like this:  Everybody else is poo poo out of luck. The only reason these people are mining bitcoins so aggressively is that each new set of 25 BTC can be sold for $10,000-ish. Mining difficulty will only go down once the price of bitcoin lowers to the point that it's not worth it to mine them anymore.
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Jan 18, 2016 18:49
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I for one am glad there are entrepreneurs willing to put in the hard work to turn electricity into waste heat and nonsense.
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Jan 18, 2016 18:53
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Subterfrugal posted:So if I bought 50 of these back when we were first making fun of them for like $60, how do I collect my winnings? Apparently, you invest in Philadelphia real estate in a way that's so alarmingly stupid that I can't believe that it wasn't a script written by Charlie Day.
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Jan 18, 2016 19:48
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Subterfrugal posted:So if I bought 50 of these back when we were first making fun of them for like $60, how do I collect my winnings? Oh and then you hope your bank doesn't get really mad about you suddenly depositing money from a bitcoin exchange, as people get their poo poo shut down all the time. Not because banks are afraid of dunning-krogerands but because historically such customers are more trouble than their worth. Lolbertarians being who they are and all that. oh, or you find someone on localbitcoin and hope they don't stab you
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Jan 18, 2016 20:31
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Professor Shark posted:Yeah from what I remember the Bitcoin community gets very upset if someone speaks negatively about a bad transaction or business. Despite professing to be Libertarians, they seem to hate everything about Libertarianism, like reputation and unrestricted information. turns out a political and economic ideology that relies on "rational actors" struggles when individuals are put under any sense of duress and are unable to act rationally. who would have thought?
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Jan 18, 2016 20:41
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I just want to find someone in Colorado or California who will mail me weed in exchange for paypal, why do I need to get TOR and go on usenet or whatever? just put the weed in a box and mail it to me. I'll say they are CDs or golf balls to paypal
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Jan 18, 2016 20:43
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Mange Mite posted:What is with all the woman doctors ending up with loser guys? Let me guess the guy is white and the girl isnt Dorks with no social skills get taken by attractive lovers, regardless of gender.
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Jan 18, 2016 20:52
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How do I buy a bitcoin and how do I know it is real when I buy it Also, how many bitcoins do I need to buy cocaine
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Jan 18, 2016 20:53
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Maoist Pussy posted:How do I buy a bitcoin and how do I know it is real when I buy it It's hard to say, cocaine and bitcoins are very similar in that the 'street value' is entirely made up.
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Jan 18, 2016 21:01
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Cocaine is good for something so it's not at all like buttcoins
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Jan 18, 2016 21:03
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I have two favorite Bitcoin memories: 1) The kid who dumped liquid nitrogen into his room to supercharge his bitcoin mines. 2) There was some 4 part article about a guy who just somehow came into some bitcoins and decided that he wanted to redeem them. He had a set of well reasoned rules. Like he wouldn't give anyone his SSN and stuff like that. So he's trying to sell them locally and someone comes up to him and tries to exchange 'a garbage bag full of gift certificate cards'. When our hero was like 'absolutely not' the garbage bag guy was just like 'just trust me bro.'
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Jan 18, 2016 22:16
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I still l8 ke the guy who got heat stroke and ended up with brain damage from leaving his mining rig on in his room.
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Jan 18, 2016 22:18
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So let me get this right you can have dirty fiat backed by the military and industrial might of a superpower or you can have bitcoins backed by the ability to perform completely pointless calculations?
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Jan 18, 2016 22:48
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