|
EorayMel posted:what it becomes is entirely a function of what it can do I remember reading this thing before about how bitcoin is the most amazing thing to happen to the planet since the human brain, but reading it again I feel like the phrase above is like another way of saying it's a solution looking for a problem. Baiku posted:
That is some genuine bitcoin TA right there! 
|
#
?
Feb 28, 2017 14:40
|
|
|
|
| # ? Apr 26, 2024 08:44 |
|
|
quote:Digital currency exchange Coinbase said today that it will stop serving customers in Hawaii following regulatory changes in the US state. Owned.
|
|
#
?
Feb 28, 2017 16:27
|
|
|
Baiku posted:No we're parabolic now. THE MARKET HAS PLANTAINED!!! SELL SELL SELL!!!
|
|
#
?
Feb 28, 2017 16:47
|
|
|
Sometimes I mix honey mustard, sriracha, ketchup, and bbq sauce together and toss in some wings. I'm pretty sure honey mustard goes with everything.
|
|
#
?
Feb 28, 2017 17:59
|
|
|
Bitcoins are dumb but there is this long running meme on here about how it is impossible to cash out... no it isn't  If it was then it wouldn't be so popular in China bc the entire point is that it is a way to convert domestic capital to foreign capital without the Chinese gov'ts taxation/blocks. Sure you won't get millions out of it in any reasonable (by modern banking standards) timeframe but you can get under say like $50k out fairly easily.
|
|
#
?
Feb 28, 2017 18:06
|
|
|
Moridin920 posted:Bitcoins are dumb but there is this long running meme on here about how it is impossible to cash out... Try it and report back then.
|
|
#
?
Feb 28, 2017 18:12
|
|
|
goons are wrong on pretty much every subject so its no surprise to me that bitcoins are cool n good
|
|
#
?
Feb 28, 2017 18:16
|
|
|
They're dumb and bad I just dunno where this "you can't get anything out" thing is coming from other than some old adage that has been passed through BTC thread to BTC thread over the years.Paladinus posted:Try it and report back then. Worked just fine a couple years ago and I don't see why it would be any different now aside from random poo poo like the exchange getting "hacked." But that's a risk you bear with BTC in general (which is why they are still stupid). Look if you don't like my China argument consider this: if you could not get real money out then no one would sell real drugs in exchange for BTC.
|
|
#
?
Feb 28, 2017 18:19
|
|
|
Moridin920 posted:Worked just fine a couple years ago and I don't see why it would be any different now aside from random poo poo like the exchange getting "hacked." But that's a risk you bear with BTC in general (which is why they are still stupid). One of my favorite things the chinese miners did recently was make 50k~ spam transactions and jacked up the fee so you either had to wait a week (complete with a psa saying DON'T USE BITCOIN TODAY OR IF YOU DO USE IT ONLY FOR IMPORTANT TRANSACTIONS OTHERWISE YOU'RE RUINING IT FOR EVERYBODY  ) or pay a high I think that's what happened. With bitcoin you can never truly know. You can still cash out, true, it's just really, really hard. If you want fiat, you either hit up a bitcoin exchange and hope it goes smoothly without your funds getting stolen by the exchange/put on hold forever/exchange goes up in smoke, or you go the localbitcoins route and risk getting mugged in a parking lot. There's always going to a dark net and buying drugs and the occasional full-auto russian shotgun that may get intercepted by the ATF. Or the twelve-step gift card route which is another story.
|
|
#
?
Feb 28, 2017 18:30
|
|
|
Tech question: If China outlaws this poo poo and raids the miners tomorrow how long does the "frisbee on the roof" scenario last?
|
|
#
?
Feb 28, 2017 18:40
|
|
|
EorayMel posted:You can still cash out, true, it's just really, really hard. If you want fiat, you either hit up a bitcoin exchange and hope it goes smoothly without your funds getting stolen by the exchange/put on hold forever/exchange goes up in smoke, or you go the localbitcoins route and risk getting mugged in a parking lot. That's true but honestly if you use one of the "major" exchanges and you're moving a couple thousand the odds of the former happening are not very great. Some of those exchanges are doing millions of USD in volume every day. I wouldn't go the localbitcoins route though yeah lol that's sketch.
|
|
#
?
Feb 28, 2017 19:17
|
|
|
Moridin920 posted:That's true but honestly if you use one of the "major" exchanges and you're moving a couple thousand the odds of the former happening are not very great. Some of those exchanges are doing millions of USD in volume every day. Coinbase, the one mentioned earlier about dropping business with Hawaiian clients due to reservation policies, has a long history of randomly stealing deposits from people. Or asking for uncomfortable amounts of personal information before doing business with them when it's supposed to be ~anonymous~. Similar deal with an exchange called bitfinex. They got hacked and some people lost all the bitcoins they put in, others were totally unaffected because they dealt in USD. So the exchange straight-up stole funds from other people to cover the BTC losses so the burden of this hack was helped spread equally. I mean, I get your options are few and far between when it comes to bitcoin, but surely you'd move on to a different, similar big exchange after hearing or having that poo poo happen to you, right? lol butts Razorwired posted:Tech question: If China outlaws this poo poo and raids the miners tomorrow how long does the "frisbee on the roof" scenario last?
|
|
#
?
Feb 28, 2017 19:31
|
|
|
Bitcoin isn't that great but it's probably easier to make money trading BTC-USD than most Forex pairs.
|
|
#
?
Feb 28, 2017 22:52
|
|
|
There's a Bitcoin ATM in a dark corner next to the sketchy washrooms of a lovely mall close to me. Never seen the machine being used, but it's on all the time, and it's right next to a a set of grungy gumball and crane-game machines that haven't been touched in years. You can cash out up to $1000 dollars at a time, but you have to phone some 1-800 number if you want to sell anything more than that. Feel free to send me your fiat money so I can get you in on this extremely legitimate currency. 
|
|
#
?
Mar 1, 2017 00:36
|
|
|
I feel like there's no way that thing isn't keylogging everyone's poo poo lmao
|
|
#
?
Mar 1, 2017 00:38
|
|
|
Bitcoin ATMs are a funny concept because it takes upwards of 10 minutes for a transaction to complete and sometimes much longer. I remember some goon trying out a small transaction at an ATM like that and being stuck for about an hour. ~The currency of the future, but not the present~
|
|
#
?
Mar 1, 2017 01:45
|
|
|
One of the most famous original bitcoin exchanges, Mt.Gox, was not named after an obsure mountain but is short for "Magic the Gathering: Online Exchange"
|
|
#
?
Mar 1, 2017 01:48
|
|
|
butt
|
|
#
?
Mar 1, 2017 02:01
|
|
|
OMGVBFLOL posted:butt coine
|
|
#
?
Mar 1, 2017 02:01
|
|
|
Spatial posted:One of the most famous original bitcoin exchanges, Mt.Gox, was not named after an obsure mountain but is short for "Magic the Gathering: Online Exchange" Everyone keeps saying this but no one has ever shown real proof.
|
|
#
?
Mar 1, 2017 02:04
|
|
|
the BTC truncation has always irritated me, because the way my mind's eye pronounces it when I read it is "buh - teh - cuh" but bitcoin is a two syllable word so i get thrown off pace while reading it and my day is ruined
|
|
#
?
Mar 1, 2017 02:07
|
|
|
500 good dogs posted:Everyone keeps saying this but no one has ever shown real proof. Why would you doubt it? It's a completely plausible explanation for what would otherwise be an extremely weird name, no other origin of the name has been proffered, it's been cited multiple times in fact-checked articles by major publications, and it hasn't been disputed by any of the involved parties. I'm pretty sure you can probably email Jed McCaleb if you really have doubts about this one weird fact, but lmao
|
|
#
?
Mar 1, 2017 02:13
|
|
|
CARL MARK FORCE IV.
|
|
#
?
Mar 1, 2017 02:18
|
|
|
LGD posted:Why would you doubt it? It's a completely plausible explanation for what would otherwise be an extremely weird name, no other origin of the name has been proffered, it's been cited multiple times in fact-checked articles by major publications, and it hasn't been disputed by any of the involved parties. I'm pretty sure you can probably email Jed McCaleb if you really have doubts about this one weird fact, but lmao  MY FACT-CHECKED ARTICLES
|
|
#
?
Mar 1, 2017 02:18
|
|
|
bitcoin (and blockchain tech in general) has some incredibly obvious scaling issues and it still blows my mind that people just kind of blithely ignore it as though they're going to disappear one day
|
|
#
?
Mar 1, 2017 02:21
|
|
|
500 good dogs posted:Everyone keeps saying this but no one has ever shown real proof. I can't remember the guy's name, but the same fella later transformed it into a bitcoin exchange. After a couple of years he sold it to another source of laughs, Mark Karpeles, who later went to Japanese prison and partially evaporated.
|
|
#
?
Mar 1, 2017 02:21
|
|
|
Someone recount the tale of Butterfly Labs so I can read it at work tomorrow morning. Thank you and good night. 
|
|
#
?
Mar 1, 2017 02:22
|
|
|
bitcoin Bitcoin Bitcoin bitcoin. BITCOIN satoshi bitcoin????? gently caress I love hearing about how rich I would have been if bitcoin bitcoin!!!! Always bet on BITCOIn bitch
|
|
#
?
Mar 1, 2017 02:35
|
|
|
hey op do you also wish you had invested in mortgage backed securities and collateralized debt obligations?
|
|
#
?
Mar 1, 2017 02:37
|
|
|
numberoneposter posted:the only proper application of ketchup is on french fries that have already been drowned in salt and vinegar IMO pozz my neg fryhole
|
|
#
?
Mar 1, 2017 02:42
|
|
|
Tricky D posted:Dunning Krugerands Autism Kroners Pounds Spergling
|
|
#
?
Mar 1, 2017 02:46
|
|
|
Math based beanie babies
|
|
#
?
Mar 1, 2017 02:53
|
|
|
EorayMel posted:Similar deal with an exchange called bitfinex. They got hacked and some people lost all the bitcoins they put in, others were totally unaffected because they dealt in USD. So the exchange straight-up stole funds from other people to cover the BTC losses so the burden of this hack was helped spread equally. So what, you lose 20% of your funds, but that's better than having 100% of your funds trapped in some lovely country maybe? Sorry for your loss if you live in a place like that. Probably people trying to buy their tickets out of lovely third-world countries also get scammed regularly. Much like how bitcoin works, I guess that's the price of having to do business with criminals. Oops, I was expressing sympathy for those less fortunate than me there. What I meant to say was we should build a wall to keep out the bitcoiners and refuse them visas. I mean refuse more of them visas, and refuse them more permanently, not like Roger Ver who eventually got back in. Maybe if they're already citizens, then renounce their citizenships for them.
|
|
#
?
Mar 1, 2017 02:59
|
|
|
Buttcoin purse posted:So what, you lose 20% of your funds, but that's better than having 100% of your funds trapped in some lovely country maybe? Sorry for your loss if you live in a place like that. 
|
|
#
?
Mar 1, 2017 03:04
|
|
|
Life pro tip for OP: Do the opposite of whatever the general consensus is around here regarding anything. You'll have a great life. Dammit, you could have been a millionaire by now!
|
|
#
?
Mar 1, 2017 03:10
|
|
|
Paladinus posted:CARL MARK FORCE IV. That saga is like a real life Archer episode
|
|
#
?
Mar 1, 2017 04:39
|
|
|
why dont we base our currency on something like say a rare material that is attractive, extremely malleable and has been highly valued for thousands of years
|
|
#
?
Mar 1, 2017 04:41
|
|
|
I'm getting in on the ground floor of mercury coin
|
|
#
?
Mar 1, 2017 04:43
|
|
|
buckets of buckets posted:why dont we base our currency on something like say a rare material that is attractive, extremely malleable and has been highly valued for thousands of years u talkin bout LOVE?
|
|
#
?
Mar 1, 2017 04:43
|
|
|
|
| # ? Apr 26, 2024 08:44 |
|
|
My currency will be backed by unununium.
|
|
#
?
Mar 1, 2017 04:44
|
|