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Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

divabot posted:

Pole kwa hasara yako [Here comes a scammer, Father]
wahalifu kuiba fedha za [Oh yes, it's a scammer]

From the day we arrive on the blockchain
And blinking, step around the scum
There's more to steal than can ever be stolen
More to do than can ever be done
There's far too much to lose in here
More to, uh, find than can ever be found
But the sun rolling high
Through Satoshi's sky
Keeps great and small on the endless round

It's the Circle of Scams
And it drains us all
with despair, no hope
No faith or love
Till we find our coins
On the birdbath unwinding
In the Circle
The Circle of Scams

No one reads this poo poo.

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Fauxtool
Oct 21, 2008

by Jeffrey of YOSPOS
What a waste of time spent making it

wynott dunn
Aug 9, 2006

What is to be done?

Who or what can challenge, and stand a chance at beating, the corporate juggernauts dominating the world?

Fauxtool posted:

What a waste of time spent making it

Much like bitcoins :smug:

divabot
Jun 17, 2015

A polite little mouse!

Mumpy Puffinz posted:

Ross had a file on his laptop called mycrimes.txt

excuse me sir that's completely wrong, i think you'll find if you do your research that it was called log.txt

LolitaSama posted:

Whats the consensus?: I hear word on the street is even if i had bitcoins I wouldn't be able to convert it

apparently you can get ActualMonies out of CoinBase if you're prepared to wait at least a week and put up with the withdrawal limit ($1000/day or something?)

Fauxtool posted:

What a waste of time spent making it

i'm never getting those two minutes back

Zandi
Aug 7, 2003
www.nomadhonor.com
http://www.newsbtc.com/2017/05/31/blockchain-info-wallet-recommends-us26-bitcoin-transaction-fee-instead-normal-amount/

The url says it all, but I do enjoy:

quote:

Things only get worse when a wallet recommends paying US$26 or more to transfer bitcoins. That is an outrageous amount of money, to say the least.

You'd think bitcoin billionaires would be ok paying a small fee to move their billions around.

gary oldmans diary
Sep 26, 2005
do you even need to use an exchange to send a bitcoin from one wallet to another. cant you just do it yourself for free

theperminator
Sep 16, 2009

by Smythe
Fun Shoe

gary oldmans diary posted:

do you even need to use an exchange to send a bitcoin from one wallet to another. cant you just do it yourself for free

From what I understand you can either wait ages for the network to confirm the transaction or you can pay a transaction fee to some people to speed it up regardless of exchanges

yoloer420
May 19, 2006

gary oldmans diary posted:

do you even need to use an exchange to send a bitcoin from one wallet to another. cant you just do it yourself for free

That's not an exchange fee, it's the transaction fee that goes to the miner who mines the block in which your transaction is published. There are currently 66 blocks (11 hours) and growing, worth of pending transactions. The transactions with the highest fees get moved to the top of the list.

If you choose to pay no fee, it is unlikely your transaction will ever be processed.

gary oldmans diary
Sep 26, 2005
if you want me to fall for a fake answer like that you have to make is sound like it makes at least a little sense

Evrart Claire
Jan 11, 2008
95% of Bitcoin business is pretty much based on trying to avoid using the actual "features" of Bitcoin. A lot of the fees and poo poo are pretty much just tied to the exchanges or wallet software.

Waffle House
Oct 27, 2004

You follow the path
fitting into an infinite pattern.

Yours to manipulate, to destroy and rebuild.

Now, in the quantum moment
before the closure
when all become one.

One moment left.
One point of space and time.

I know who you are.

You are Destiny.


yoloer420 posted:

That's not an exchange fee, it's the transaction fee that goes to the miner who mines the block in which your transaction is published. There are currently 66 blocks (11 hours) and growing, worth of pending transactions. The transactions with the highest fees get moved to the top of the list.

If you choose to pay no fee, it is unlikely your transaction will ever be processed.

Wait, so you *have* to pay grift to get your money?

OJ MIST 2 THE DICK
Sep 11, 2008

Anytime I need to see your face I just close my eyes
And I am taken to a place
Where your crystal minds and magenta feelings
Take up shelter in the base of my spine
Sweet like a chica cherry cola

-Cheap Trick

Nap Ghost

Waffle House posted:

Wait, so you *have* to pay grift to get your money?

Yeah.

Fundamentally when all 21 million bitcoins have been mined, it's the mechanism for how miners will get paid instead of getting paid a block finding bonus.

Also you're basically hosed if you accidentally swap the transaction amount with the transaction fee.

OJ MIST 2 THE DICK
Sep 11, 2008

Anytime I need to see your face I just close my eyes
And I am taken to a place
Where your crystal minds and magenta feelings
Take up shelter in the base of my spine
Sweet like a chica cherry cola

-Cheap Trick

Nap Ghost
If you're wondering "Why do bitcoiners like to advertise bitcoin as an instantaneous service with no fees with no chargebacks" when it's horribly slow, has comparatively expensive fees if you want to actually use it, and something that is a negative, welcome to the club.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

exploded mummy posted:

If you're wondering "Why do bitcoiners like to advertise bitcoin as an instantaneous service with no fees with no chargebacks" when it's horribly slow, has comparatively expensive fees if you want to actually use it, and something that is a negative, welcome to the club.

You forgot "amazingly simple to use".

LethalGeek
Nov 4, 2009

Basically everything bitcoiners tell you about their dumb nerd poo poo is a lie. Partly cause they are in a cult, partly because nearly all of them are "that guy who knows how to do a few things on a computer obviously I'm a tech expert."

I say guy because it's 99% men in this poo poo and when a woman does come up they act like creepy MRAs

Waffle House
Oct 27, 2004

You follow the path
fitting into an infinite pattern.

Yours to manipulate, to destroy and rebuild.

Now, in the quantum moment
before the closure
when all become one.

One moment left.
One point of space and time.

I know who you are.

You are Destiny.


LethalGeek posted:

Basically everything bitcoiners tell you about their dumb nerd poo poo is a lie. Partly cause they are in a cult, partly because nearly all of them are "that guy who knows how to do a few things on a computer obviously I'm a tech expert."

I say guy because it's 99% men in this poo poo and when a woman does come up they act like creepy MRAs

Bitcoins: A Luxury, Incel-Exclusive Investment Market

Blockade
Oct 22, 2008

Buy bitcoins to buy drugs on the internet. The constantly inflating price of bitcoin means you can effectively purchase drugs for free (or for the lost opportunity of cashing out if you're a square).

Also if you think the price of bitcoins is going bad, you can even convert it all to drugs, then sell the drugs to buy the floor after it drops.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Blockade posted:

Buy bitcoins to buy drugs on the internet. The constantly inflating price of bitcoin means you can effectively purchase drugs for free (or for the lost opportunity of cashing out if you're a square).

Also if you think the price of bitcoins is going bad, you can even convert it all to drugs, then sell the drugs to buy the floor after it drops.

See THIS is exactly what Satoshi had in mind. Everyone, please re-read the thread title.

divabot
Jun 17, 2015

A polite little mouse!

Burt Sexual posted:

You forgot "amazingly simple to use".

Since SA and Reddit just aren't enough to slake my thirst for arguing on the Internet, I find myself in places like the Financial Times comment section, where Bitcoiners say things like:

quote:

While ransomware is unfortunate, one unintended positive side effect could be the forced familiarization of cryptocurrencies to the masses. Desperate victims of ransomware attacks will inevitably be forced to open brokerage accounts at cryptocurrency exchanges, setup wallets and make their first transactions. After the bitterness wears off, people will realize how easy these transactions are to make. It would not surprise me if the trend in ransomware continues to fuel greater market caps for all cryptocurrencies including Bitcoin and Ethereium, but particularaly more anonymous currencies like Dash and Zcash. At the end of the day, ransomware could end being the killer app that revolutionized global banking.

You see, being splashed all over the headlines as being all about the criminality, to the extent that people call for its banning, is actually good news for Bitcoin, because

Henrik Zetterberg
Dec 7, 2007

Mumpy Puffinz posted:

some dude in the yospos thread made like $1500 amazon bucks. From Dogecoin. Anyone ever make any money from bitcoin?

I touched the poop a few years ago when my idiot bitcoin guy coworker suckered me into buying a 2-pack of miners. I knew nothing about it at the time. I ran it for like a month or so and got sick of my condo being a constant 95 degrees and my electric bills through the roof. I had a tryhard spreadsheet to calculate when I would ROI, minus my electric bill bump/etc. I didn't ROI until I got sick of it and sold the loving thing on eBay to some sucker. By that time, it was mathematically impossible to ROI because of the skyrocketing difficulty, but the dude still bought it and I made like $200 of my original $250 back. Then I discovered the bitcoin threads on SA and everything was good in the world laughing at butters.

I think I have like 0.4 bitcoins in the wallet.dat stashed somewhere on my NAS. I can't remember really. It's almost not worth hooking coinbase to my bank account and risk getting my account down for 0.4. Also, I don't have the half TB of hard disk space on my SSD to install the Bitcoin Core thing or whatever it is so I could transfer it to Coinbase.

e: :lol:
https://blockchain.info/charts/blocks-size?timespan=all

Henrik Zetterberg fucked around with this message at 23:07 on Jun 5, 2017

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Henrik Zetterberg posted:

I touched the poop a few years ago when my idiot bitcoin guy coworker suckered me into buying a 2-pack of miners. I knew nothing about it at the time. I ran it for like a month or so and got sick of my condo being a constant 95 degrees and my electric bills through the roof. I had a tryhard spreadsheet to calculate when I would ROI, minus my electric bill bump/etc. I didn't ROI until I got sick of it and sold the loving thing on eBay to some sucker. By that time, it was mathematically impossible to ROI because of the skyrocketing difficulty, but the dude still bought it and I made like $200 of my original $250 back. Then I discovered the bitcoin threads on SA and everything was good in the world laughing at butters.

I think I have like 0.25 bitcoins in the wallet.dat stashed somewhere on my NAS. I can't remember really. It's almost not worth hooking coinbase to my bank account and risk getting my account down for 0.25. Also, I don't have the half TB of hard disk space on my SSD to install the Bitcoin Core thing or whatever it is so I could transfer it to Coinbase.

e: :lol:
https://blockchain.info/charts/blocks-size?timespan=all

It takes a big man to admit your comedy for our sakes. Congrats

mojo1701a
Oct 9, 2008

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

Henrik Zetterberg posted:

I touched the poop a few years ago when my idiot bitcoin guy coworker suckered me into buying a 2-pack of miners. I knew nothing about it at the time. I ran it for like a month or so and got sick of my condo being a constant 95 degrees and my electric bills through the roof. I had a tryhard spreadsheet to calculate when I would ROI, minus my electric bill bump/etc. I didn't ROI until I got sick of it and sold the loving thing on eBay to some sucker. By that time, it was mathematically impossible to ROI because of the skyrocketing difficulty, but the dude still bought it and I made like $200 of my original $250 back. Then I discovered the bitcoin threads on SA and everything was good in the world laughing at butters.

I think I have like 0.4 bitcoins in the wallet.dat stashed somewhere on my NAS. I can't remember really. It's almost not worth hooking coinbase to my bank account and risk getting my account down for 0.4. Also, I don't have the half TB of hard disk space on my SSD to install the Bitcoin Core thing or whatever it is so I could transfer it to Coinbase.

e: :lol:
https://blockchain.info/charts/blocks-size?timespan=all

But don't you get it? If you'd held on to those Bitcoins that cost you way more in electricity then, you'd finally make a profit (even though it would've just been cheaper to buy them outright with way less hassle and chance of a fire or heatstroke).

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
b u t t e c i o n

yoloer420
May 19, 2006

Henrik Zetterberg posted:

I think I have like 0.4 bitcoins in the wallet.dat stashed somewhere on my NAS. I can't remember really. It's almost not worth hooking coinbase to my bank account and risk getting my account down for 0.4. Also, I don't have the half TB of hard disk space on my SSD to install the Bitcoin Core thing or whatever it is so I could transfer it to Coinbase.

Send the wallet.dat to me and I'll spend it on drugs for myself.

QuarkJets
Sep 8, 2008

gary oldmans diary posted:

if you want me to fall for a fake answer like that you have to make is sound like it makes at least a little sense

this is what every competent technical person says when they're told how bitcoin actually works

plape tickler
Oct 21, 2012

by Nyc_Tattoo
I bought part of a bitcoin on May 29th . It's worth $651 more than I paid as of right now. Chump change but it's still a decent profit. Should probably sell it

plape tickler fucked around with this message at 15:03 on Jun 6, 2017

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

plape tickler posted:

I bought part of a bitcoin on May 29th . It's worth $651 more than I paid as of right now. Chump change but it's still a decent profit. Should probably sell it

In a parking lot or an exchange where you have to scan your drivers license and send it to them?

plape tickler
Oct 21, 2012

by Nyc_Tattoo
Coinbase

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

plape tickler posted:

I bought part of a bitcoin on May 29th . It's worth $651 more than I paid as of right now. Chump change but it's still a decent profit. Should probably sell it

Do NOT sell, it's going to the moon !!!

plape tickler
Oct 21, 2012

by Nyc_Tattoo

Waffle House
Oct 27, 2004

You follow the path
fitting into an infinite pattern.

Yours to manipulate, to destroy and rebuild.

Now, in the quantum moment
before the closure
when all become one.

One moment left.
One point of space and time.

I know who you are.

You are Destiny.



What am I supposed to be seeing here

divabot
Jun 17, 2015

A polite little mouse!

Waffle House posted:

What am I supposed to be seeing here

the stable and reliable currency of the future !!

Jeffrey of YOSPOS
Dec 22, 2005

GET LOSE, YOU CAN'T COMPARE WITH MY POWERS
A tiny percentage drop from a sell off that the market corrected for within minutes? I mean like, it does cross the "significant" line but it's nothing you wouldn't see in any currency outside of the big strong first world ones. Misleading chart/10.

plape tickler
Oct 21, 2012

by Nyc_Tattoo
He said not to sell and it immediately dropped and continued down about $150. It's volatile in that range obviously and it's back up around where it started.

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

I need a census

Those who think you should buy bitcoin NOW and hold for the future please state so here

Those who don't, post Krust.jpg

divabot
Jun 17, 2015

A polite little mouse!

Comfy Fleece Sweater posted:

I need a census

Those who think you should buy bitcoin NOW and hold for the future please state so here

Those who don't, post Krust.jpg

you should buy, nobody else should

you are our Captain of Industry, navigating us onto the rocks of Freedom

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

divabot posted:

you should buy, nobody else should

you are our Captain of Industry, navigating us onto the rocks of Freedom

divabot posted:

you should buy, nobody else should

you are our Captain of Industry, navigating us onto the rocks of Freedom

I already bought 1 whole Eth :agesilaus:

See you on my yacht, poooooors

gary oldmans diary
Sep 26, 2005

Waffle House posted:

What am I supposed to be seeing here

504
Feb 2, 2016

by R. Guyovich

Jeffrey of YOSPOS posted:

A tiny percentage drop from a sell off that the market corrected for within minutes? I mean like, it does cross the "significant" line but it's nothing you wouldn't see in any currency outside of the big strong first world ones. Misleading chart/10.

Come on Jeff, with the constant fraud, complications, god awful communities, distrust, and the constant hilarious stories how can you keep saying Bitcoin is fine and the fluctuations are "normal" while completely ignoring all the other issues.

And that's not even bringing up the fact they are entirely based on something imaginary, there is already a fully established universally accepted system in place or that if they were actually going to ever become a real currency the current governments would pick it up and take over in a matter of hours.

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gary oldmans diary
Sep 26, 2005
each bitcoin is worth $3000*

*worth of drugs or illegal pornography but not money

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