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SpaghetioSexNoises
Aug 16, 2015
Nuclear weapons are like math x1000

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Mumpy Puffinz
Aug 11, 2008
Nap Ghost

SpaghetioSexNoises posted:

Nuclear weapons are like math x1000

also they use chemistry and physics

Jack-Off Lantern
Mar 2, 2012

Not only us Bitcoin tied to the US Dollar, but also the Chinese Yuan! Truly a decentralised currency for the people.....s republic of china

El Estrago Bonito
Dec 17, 2010

Scout Finch Bitch

Thin Privilege posted:

Did you say that maybe.. regulation is good? No way

What's funny is that in a odd perversion of the idea that the free market will provide Bitcoin is basically being shadow regulated by a bunch of money launderers and drug sellers who want to protect their assets. They are fixing exchanges and controlling the market so that they can use it as a reliable currency to facilitate crime (especially now that Steam is becoming more locked down, although for small scale laundering Steam can't be beat) it's just the only people who are reaping the benefit from it are criminals. So little Danny nerd in his moms basement drying strawberries and tanking the power bill gets none of the protections of a regulated system unless he wants to interact with the people who are granted that ability (IE if he wants to buy drugs) but the Russians and other people who are using it to facilitate drug smuggling and large scale money laundering reap all the benefits.

myDad
Jan 20, 2010

ce n'est pas ma mère
College Slice

El Estrago Bonito posted:

What's funny is that in a odd perversion of the idea that the free market will provide Bitcoin is basically being shadow regulated by a bunch of money launderers and drug sellers who want to protect their assets. They are fixing exchanges and controlling the market so that they can use it as a reliable currency to facilitate crime (especially now that Steam is becoming more locked down, although for small scale laundering Steam can't be beat) it's just the only people who are reaping the benefit from it are criminals. So little Danny nerd in his moms basement drying strawberries and tanking the power bill gets none of the protections of a regulated system unless he wants to interact with the people who are granted that ability (IE if he wants to buy drugs) but the Russians and other people who are using it to facilitate drug smuggling and large scale money laundering reap all the benefits.

LOL awesome!!

(USER WAS PUT ON PROBATION FOR THIS POST)

Mumpy Puffinz
Aug 11, 2008
Nap Ghost

El Estrago Bonito posted:

What's funny is that in a odd perversion of the idea that the free market will provide Bitcoin is basically being shadow regulated by a bunch of money launderers and drug sellers who want to protect their assets. They are fixing exchanges and controlling the market so that they can use it as a reliable currency to facilitate crime (especially now that Steam is becoming more locked down, although for small scale laundering Steam can't be beat) it's just the only people who are reaping the benefit from it are criminals. So little Danny nerd in his moms basement drying strawberries and tanking the power bill gets none of the protections of a regulated system unless he wants to interact with the people who are granted that ability (IE if he wants to buy drugs) but the Russians and other people who are using it to facilitate drug smuggling and large scale money laundering reap all the benefits.

I got about three words in and aint gonna read the rest of this

(USER WAS PUT ON PROBATION FOR THIS POST)

Second Hand Meat Mouth
Sep 12, 2001

Mumpy Puffinz posted:

I got about three words in and aint gonna read the rest of this

i read it and the tldr is: don't read it, ignore OP

Cursed Lumberjack
Nov 14, 2006
A rather unfortunate logger indeed.
So a guy at work loves bitcoins and I occasionally chat with him and it comes up. I always kinda make a little fun of him to his face and he accepts theyre not really tenable currency in the way the major idiots talk about; I'm not gonna call him dumb or anything, i spend money on useless poo poo too sometimes.

Anyway he was telling me that Amazon now accepts bitcoins and I thought that was pretty odd so I looked it up and of course it's bullshit. Amazon set up a marketplace where you request a gift card of a certain amount and bitcoiners pay amazon real money plus a transaction fee for a gift card that they then sell to you for bitcoins. So once again, and as always, the best way to profit off bitcoins is to set up a way to take fees from bitcoin users without ever actually touching the bitcoins themselves

Are there any major businesses that accept bitcoin? I googled and found a list and so far every single one is the same deal, where they just let idiots trade you gifts cards for your bitcoins

Professor Shark
May 22, 2012

I read it but not all the words in the right order, I guess it was okay

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

OMGVBFLOL posted:

has anyone said buttcoin yet

well I'm saying it now

buttcoin

Bulgogi Hoagie
Jun 1, 2012

We
what happens when your central bank is chinese miners and a bunch of drug dealers

myDad
Jan 20, 2010

ce n'est pas ma mère
College Slice
buttcoin

thathonkey
Jul 17, 2012
is bitcoin still good im ready to buy buy buy

EorayMel
May 30, 2015

WE GET IT. YOU LOVE GUN JESUS. Toujours des fusils Bullpup Français.

Bulgogi Hoagie posted:

what happens when your central bank is chinese miners and a bunch of drug dealers

You have this.

a true believer posted:

There have been a lot of conversations about Bitcoin over the years. Is it a currency or an equity or a commodity? Is it a store of value? Is it a “settlement mechanism”? Is it not money at all, but merely an example of a decentralized application on the Blockchain? The short answer is: none of the above.

Bitcoin is a self-organizing collective intelligence. As such, what it becomes is entirely a function of what it can do — that is, it is a function of the capacity of its collective intelligence to overcome the challenges that it encounters in its environment.

Regardless of the specific result of the Bitcoin experiment, we are clearly in the middle of a new era. As I discussed in The Future of Organization, a lot of smart people are currently hard at work understanding, generalizing and optimizing the deep code of these new forms of collective intelligence.

The limitations of Bitcoin’s approach to motivation and collective action are well understood and new technical layers like Ethereum’s smart contracts and Backfeed’s distributed governance system magnify the potential intelligence of this kind of SOCI at least as much as the neocortex magnified the intelligence of the mammalian brain.

I really wish the reality and importance of this new frontier were more broadly understood. My sense is that over just the next five years this new form of SOCI will go through its gestation, birthing and childhood development stages. The result will be a form of collective intelligence that is so much more capable than anything in the current environment, that it will sweep away even the most powerful contemporary collective intelligences (in particular both corporations and nation states) in establishing itself as the new dominant form of collective intelligence on the Earth.

And whoever gets there first will “win” in a fashion that is rarely seen in history.

Mumpy Puffinz
Aug 11, 2008
Nap Ghost
there is no place to sell bitcoins for real money

Bulgogi Hoagie
Jun 1, 2012

We
have they fixed that thing that was making transactions impossibly slow months ago btw

Mumpy Puffinz
Aug 11, 2008
Nap Ghost

Bulgogi Hoagie posted:

have they fixed that thing that was making transactions impossibly slow months ago btw

tell me when you sell your bitcoins

Professor Shark
May 22, 2012

My shark senses tell me that even though more and more places seemed to be accepting butts back when I dropped out of the mega thread, most of those places stopped doing so by now, despite the price being much higher

Sweaty IT Nerd
Jul 13, 2007

Any of my buttcoin change can go in the tip jar

EorayMel
May 30, 2015

WE GET IT. YOU LOVE GUN JESUS. Toujours des fusils Bullpup Français.
A butt in the hand is worth two in the bush.

Bulgogi Hoagie
Jun 1, 2012

We

Mumpy Puffinz posted:

tell me when you sell your bitcoins

i don't even have a meth addiction so i don't dare touch the poo

Extra Large Marge
Jan 21, 2004

Fun Shoe
Bitcoin will stick around as long as it remains a viable currency for:
  • Buying drugs and whores
  • Extortion payments

Tricky D
Apr 1, 2005
Probation
Can't post for 4 hours!
https://twitter.com/genius/status/406541178696249344

Mumpy Puffinz
Aug 11, 2008
Nap Ghost

I hope not

Second Hand Meat Mouth
Sep 12, 2001


"EXCUSE ME WHATS YOUR BITCOIN WALLET ADDRESS, M'LADY"


"sir this is a mcdonalds drive thru"

Professor Shark
May 22, 2012


Just the tip, baby! :smuggo:

The rest is in USD :smith:

Mumpy Puffinz
Aug 11, 2008
Nap Ghost

Extra Large Marge posted:

Bitcoin will stick around as long as it remains a viable currency for:
  • Buying drugs and whores
  • Extortion payments

also buying child porn.
God I hate bitcoin!

Cactus Ghost
Dec 20, 2003

you can actually inflate your scrote pretty safely with sterile saline, syringes, needles, and aseptic technique. its a niche kink iirc

the saline just slowly gets absorbed into your blood but in the meantime you got a big round smooth distended nutsack

Bulgogi Hoagie posted:

the US dollar is a magical currency the stability of which is ensured by everybody around the world agreeing to keep their savings mostly in it and use it in countries where the local currency is completely batshit

just wait a bit, trump hasnt rven spoken at the UN yet lmao

Baiku
Oct 25, 2011

Always inverse goons.

Baiku
Oct 25, 2011



It's almost too late boys.

Spatial
Nov 15, 2007

Baiku posted:

Always inverse goons.
You are a goon. Unsure how to interpret this statement as there are usually two liars in the riddle. :v:

LethalGeek
Nov 4, 2009

I hope everyone who useless bitcoins dies for the power wasting reasons already stated.

mojo1701a
Oct 9, 2008

Oh, yeah. Loud and clear. Emphasis on LOUD!
~ David Lee Roth

LethalGeek posted:

I hope everyone who useless bitcoins dies for the power wasting reasons already stated.

I'm going to assume that's autocorrect, but it still fits.

Jeffrey of YOSPOS
Dec 22, 2005

GET LOSE, YOU CAN'T COMPARE WITH MY POWERS
If you want to buy forums upgrades with bitcoins instead of dollars, you can PM me and we'll work something out. I'll even give a 10:1 discount - plat may cost :10bux: but it only costs one bitcoin.

ElGroucho
Nov 1, 2005

We already - What about sticking our middle fingers up... That was insane
Fun Shoe
LOL, loving bitcoins are still a thing, good job goons

SpaghetioSexNoises
Aug 16, 2015
Let's all put our money in Erethreum and Monero or some other crypto currency of the moment. What can go wrong?

Extra Large Marge
Jan 21, 2004

Fun Shoe

Baiku posted:



It's almost too late boys.

Will there be a third, even BIGGER banana?

autism ZX spectrum
Feb 8, 2007

by Lowtax
Fun Shoe
Since I couldn't turn my bitcoins into actual cash I bought a pallet of Chinese research chems and then escaped to Thailand to live out the rest of my life.

Jack-Off Lantern
Mar 2, 2012

Breakfast Feud posted:

Since I couldn't turn my bitcoins into actual cash I bought a pallet of Chinese research chems and then escaped to Thailand to live out the rest of my life.

Don't kill your compound neighbour after sharing drugs with the whole village!

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Baiku
Oct 25, 2011

Extra Large Marge posted:

Will there be a third, even BIGGER banana?

No we're parabolic now.

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