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mojo1701a posted:But they were. BFL was taken to court and the whole house of cards collapsed. My memory's rusty on it, though. https://arstechnica.com/tech-policy/2016/02/bitcoin-startup-butterfly-labs-settles-with-ftc-for-38-6m-but-it-cant-pay/ And yet, their site is still up, and accepting orders...? Sounds like a black hole my money doesn't need to go into.
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Jun 8, 2017 16:26
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Waffle House posted:https://arstechnica.com/tech-policy/2016/02/bitcoin-startup-butterfly-labs-settles-with-ftc-for-38-6m-but-it-cant-pay/ Yeah there are tons of Bitcoin addresses for that.
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Jun 8, 2017 16:27
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mojo1701a posted:Yeah there are tons of Bitcoin addresses for that. I find Steam sales and my project car to be a fine pair of time and money sinks!
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Jun 8, 2017 16:39
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OMGVBFLOL posted:god damnit you're the closest thing to a cool mod we have right now don't be a fuckin' buttcoiner lmao I mean someone literally said something like "this is the funniest thing since bitfinex stopped allowing withdrawals". I don't know what that means but I guarantee that guy needs more humor in his life!!!
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Jun 8, 2017 16:53
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bitcoins are at $3000! you can cash out now and get $3000 per bitcoin you have! really!  Ham Sandwiches posted:Are you only capable of asking how much money I made on bitcoins? Are you simply not going to respond to my posts about your idiotic double standard? That seems not cool. Like straight up it's ok for you to repeat stuff until I answer but you get to refuse? Hmm, another double standard? Jeffrey of YOSPOS posted:Sorry I didn't buy any bitcoins because I listened to the dozens of idiot naysaying goons who are still covering their ears and humming the same tune as they were in 2012. I'm mad!!! but if its the same tune now as before then it follows that if you were wrong about not buying then you are wrong about not buying now. so touch the poop. up and up and up!
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Jun 8, 2017 17:19
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Unless you get a national entity to cash you out as a blood favor in Rubles or something that you can then actually exchange for Other Real Money, it really sounds like getting meaningful money out of buttcoin is pretty difficult. The layers of EVE-esque scams between you and the prize are too numerous.
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Jun 8, 2017 17:30
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Waffle House posted:Unless you get a national entity to cash you out as a blood favor in Rubles or something that you can then actually exchange for Other Real Money, it really sounds like getting meaningful money out of buttcoin is pretty difficult. The layers of EVE-esque scams between you and the prize are too numerous. There is a thing as bloodcoin. Apparently. https://coinmarketcap.com/currencies/bloodcoin/ Though I like the idea of calling multiple instances of the cryptocurrency "BOD" 
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Jun 8, 2017 17:35
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EorayMel posted:There is a thing as bloodcoin. Dude, I suddenly wonder who made BloodCoins and why. That's interesting. edit: AYyy, found 'em: http://www.bloodcoin.cc/ I was kind of hoping this was the AABB or something trying to get themselves clever financial backing by becoming a de facto market-traded entity. Looks like it's just private. Waffle House fucked around with this message at 17:44 on Jun 8, 2017 |
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Jun 8, 2017 17:41
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Ham Sandwiches posted:Did you know that the bitcoin sister inheritance thing is fake? do you have any proof of that? i mean you decry actual graphs as not being proof, where's yours?
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Jun 8, 2017 17:43
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Ham Sandwiches posted:Great I'm the guy to point out that goon claims of all exchanges being frauds are overblown, even divabot's links from today are misleading the coinbase one worked out fine and the ticket was closed why link that bullshit What is wrong about anything people have said about MtGox Be specific here
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Jun 8, 2017 17:49
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, that bitcoin is now $3000, that shitloads of people are using it, and that the same old drying starberries sister inheritance do you know what Mt Gox stands for!! stuff is out of date and dumb and wrong but still being repeated earnestly as if it was 100% true
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I still don't see how Bitcoin isn't anything but a negative-sum game. For someone to cash out, they have to sell someone else. Much like a game of hot potato, for me to win, someone else has to lose. At least actual cash money isn't generally used for speculation, but actual transfer of value.
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Jun 8, 2017 17:59
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BENGHAZI 2 posted:What is wrong about anything people have said about MtGox That they harped on its stupid name which was really stupid and somehow missed the larger "ah but Bitcoins aren't a scam doomed to failure simply because this exchange has a dumb name" Too busy making jokes dude. Magic cards. MAGIC. How can it ever be a real thing when they trade MAGIC CARDS. loving magic cards. You play magic cards? Mining those coins and selling them on the magic exchange? It's loving amazing how stupid goons are. Yeah, the name is dumb. Holy loving poo poo. Time to bring this up infinity times in every thread. Dumb loving name with wrong ram.
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Jun 8, 2017 18:19
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BENGHAZI 2 posted:do you have any proof of that? i mean you decry actual graphs as not being proof, where's yours? Believe what you want about the reddit stories, I'm telling you it's retarded fake poo poo along with all the other strawberry drying and tales of HDD crashes that only ever get provided and reposted hundreds of times
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Jun 8, 2017 18:21
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Ham Sandwiches posted:fake news If there's fakeposts circulating around with the prevalence you say, even a few, that means a chance exists that someone is en masse manipulating the currency to their own designs. This means you have artificial market forces trying to control the currency, under the auspices of simply slandering it.
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Jun 8, 2017 18:25
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Waffle House posted:If there's fakeposts circulating around with the prevalence you say, even a few, that means a chance exists that someone is en masse manipulating the currency to their own designs. This means you have artificial market forces trying to control the currency, under the auspices of simply slandering it. No it means people have a narrative that is "dumb redditors try to mine bitcoins and lose money in the process", and twist every single story into that narrative so that they can make fedora and m'lady jokjes. And they were too busy going "hurf gonna buy some magic cards on the Mt Gox exchange, did you know that exchange was originally used for Magic The Gathering Online Exchanges that's why the acronyms are Mt Gox" to see that it was getting pretty dumb.
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Jun 8, 2017 18:30
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Ham Sandwiches posted:No it means people have a narrative that is "dumb redditors try to mine bitcoins and lose money" in the process, and twist every single story into that narrative so that they can make fedora and m'lady jokjes. And they were too busy going "hurf gonna buy some magic cards on the Mt Gox exchange, did you know that exchange was originally used for Magic The Gathering Online Exchanges that's why the acronyms are Mt Gox" to see that it was getting pretty dumb. Ok, I should just advise you that those kinds of market forces DO EXIST in currencies outside of bitcoins, so if you see something LIKE that, you should just remember these words I posted here. I've like long suspected that a bunch of people/entities decided they needed to create horses in the BitCoin game, which is part of why I never touched it; it just looked like too much of a messy market, even for someone outside-looking-in. The opportunities for money laundering would naturally attract Mafia-esque entities, and people whose sole purpose is to make as much money as possible in a largely unregulated environment.
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Jun 8, 2017 18:34
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Ham Sandwiches posted:That they harped on its stupid name which was really stupid and somehow missed the larger "ah but Bitcoins aren't a scam doomed to failure simply because this exchange has a dumb name" Surely nobody was talking about how someone who wasn't mark absconded with all the money. No it had to be just the name, that's all there is to discuss with gox Also they weren't even trading magic cards they were trading MtG Online cards which are worth substantially less than real ones
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Jun 8, 2017 18:36
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Waffle House posted:Ok, I should just advise you that those kinds of market forces DO EXIST in currencies outside of bitcoins, so if you see something LIKE that, you should just remember these words I posted here. Yes indeed, even IF you make money on it, it's always going to be rigged. The exchanges will always steal your money. Finally, even if that doesn't come to pass, you can only use the bitcoins for money laundering, child porn, and drugs. This is all part of the standard goon spiel unfortunately. Like it doesn't just cover the mining, it's the whole thing. The mining is rigged, the exchanges are rigged and will fold or steal your money or refuse withdrawals, organized crime got there, everything is fake, nobody will use it as currency, cp and drugs, the list of things that goons saw in their crystal ball is pretty extensive and seems to be pretty wrong over time.
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Jun 8, 2017 18:37
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Ham Sandwiches posted:Yes indeed, even IF you make money on it, it's always going to be rigged. The exchanges will always steal your money. Finally, even if that doesn't come to pass, you can only use the bitcoins for money laundering, child porn, and drugs. This is all part of the standard goon spiel unfortunately. I can't speak for all goons, but that's what I saw. It's the same reason that the Russians and Chinese will get pissy with you if you gently caress with their EVE operations; it's just another outlet for that kind of activity.
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Jun 8, 2017 18:38
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The morning isn't rigged, it's working exactly as intended And it's intended to work badly for late adopters
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Jun 8, 2017 18:55
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Ham Sandwiches posted:Yes indeed, even IF you make money on it, it's always going to be rigged. The exchanges will always steal your money. Finally, even if that doesn't come to pass, you can only use the bitcoins for money laundering, child porn, and drugs. This is all part of the standard goon spiel unfortunately. Hey Ham Sandwiches, did you send your tax returns, pay stubs, and driver's license to get your money out?
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Jun 8, 2017 18:56
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Ham Sandwiches posted:That they harped on its stupid name which was really stupid and somehow missed the larger "ah but Bitcoins aren't a scam doomed to failure simply because this exchange has a dumb name" I think the idea, now work with me here, was that investing hundreds of millions of dollars in "Magic The Gathering: Online Exchange" was funny from the start, and made sense when people "lost" tens of millions of dollars of investments into Magic The Gathering: Online Exchange.
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Jun 8, 2017 18:58
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Space Crabs posted:I think the idea, now work with me here, was that investing hundreds of millions of dollars in "Magic The Gathering: Online Exchange" was funny from the start, and made sense when people "lost" tens of millions of dollars of investments into Magic The Gathering: Online Exchange. lmao you said magic the gathering lmao imagine posting that for 5 years
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Jun 8, 2017 19:01
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Jeffrey of YOSPOS posted:lmao you said magic the gathering lmao you are the one from YOSPOS buddy
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Jun 8, 2017 19:05
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Mark did nothing wrong. Also I just remembered I have this picture saved to my computer.
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Jun 8, 2017 19:07
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Space Crabs posted:you are the one from YOSPOS buddy
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Jun 8, 2017 19:07
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EorayMel posted:Mark did nothing wrong. 
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Jun 8, 2017 19:18
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EorayMel posted:Mark did nothing wrong. This will never not be funny. That and Casascius coins.
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Jun 8, 2017 19:19
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This thread is such poo poo Ok serious question - is it only Bitcoin that you guys think sucks, or is it the whole Cryptocurrency thing? Because there's a video of Bill Gates following me around youtube saying Bitcoin is amazing and cryptocurrency is never gonna stop
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Jun 8, 2017 19:19
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I'm gonna buy Byteballs, Moneros, Xems, Nems, Reddcoins, BluCoins, Blood Coins, Dash Coins, Sonic Coins, Coin Coins, Speedballs, SiaCoins, Beatles Coins, all sorts of coins TO BE RICH
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Jun 8, 2017 19:21
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I mined like five digits worth of coins at today's prices but lost them due to inactivity or something, I'm not bitter though because I would have sold them for $300 when they hit $30.
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Jun 8, 2017 19:24
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Comfy Fleece Sweater posted:I'm gonna buy Byteballs, Moneros, Xems, Nems, Reddcoins, BluCoins, Blood Coins, Dash Coins, Sonic Coins, Coin Coins, Speedballs, SiaCoins, Beatles Coins, all sorts of coins TO BE RICH Why stop there? You can even make your own coins!  Waffle House posted:Unironically, I'm actually pleased in ways that bitcoins exist because it makes a new weird market where comedy (and changes) can precipitate. It's broadened our economic horizons, and created some very interesting situations, none of which directly affected me or I was invested in. Great news material, if you will, and always fascinating to read about. Coincidentally, I think this occurred back in February 2014 during the Mt.Gox collapse, I know this happened in the later half of a pretty lovely winter during an event like that. Not surprisingly, she looked at it again next week from sheer curiosity and everything crashed down, she thanked me for talking her out of a bad financial decision, and she never bothered looking into it again. Then I found out how incredibly retarded everything about it was from the origin to the concept of honest ponzis on something awful, and I've held it as my pretty little enemy since. The trick is to not touch the poop, but instead sit at the edge and point and laugh at the poop. EorayMel fucked around with this message at 19:38 on Jun 8, 2017 |
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Jun 8, 2017 19:28
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Unironically, I'm actually pleased in ways that bitcoins exist because it makes a new weird market where comedy (and changes) can precipitate. It's broadened our economic horizons, and created some very interesting situations, none of which directly affected me or I was invested in. Great news material, if you will, and always fascinating to read about. It's for the same reason that I'm also not really happy about it; it's interesting to me, but the people that seek to use it for the most part are there to: - Exploit it - Cut me out of it for better market control - Make fun of me for not participating outside of my casual interest and occasional desire to read about it. - Be really loving bitter?? Between the massive amount of "apparent" problems, and the inherent sodium content of the positions defending the currency method as a whole, the whole market even just LOOKS like it's occupied by really salty and lovely people. I keep drawing parallels to EVE Online, but the same FYGM mentality seems to have permeated and saturated the cryptocurrency community (with at least one notable exception so far), so it's less of a Research and Development effort, and has now attracted even large banking entities who probably belong to the first two bulleted demographics above.
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Jun 8, 2017 19:28
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Comfy Fleece Sweater posted:This thread is such poo poo you should buy Billcoins and spend electricity to CURE MALARIA to repeat yet a loving gain: You can get rich from this stuff! But it's vastly more likely you'll be the one the first guys make their money from. all the cryptocurrencies are loving terrible, and now that Bitcoin is so full it's barely usable, others are recapitulating its circle of scams (cue song). (I found out the other week how Ethereum works. Holy poo poo, it's a barely functional mess of gaffer tape that only stays in one piece because the community still trust Buterin to make them rich.)
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Jun 8, 2017 19:31
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Waffle House posted:Unironically, I'm actually pleased in ways that bitcoins exist because it makes a new weird market where comedy (and changes) can precipitate. It's broadened our economic horizons, and created some very interesting situations, none of which directly affected me or I was invested in. Great news material, if you will, and always fascinating to read about. The whole Bitcoin environment is a lawless landscape that naturally attracts that type of person. Problem is that that type of person generally also can't be trusted since they keep trying to one-up the real world as well. Most Bitcoiners, being libertarians, believe that that's a positive since regulation is the Devil. Which is why it's funny to see them reenact the last 300 years of economics in 10 years.
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Jun 8, 2017 19:35
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Also I'll admit bitcoin has been a stale topic for a really long time, especially with the fake heat stroke story. But the main exchange letting people buy bitcoins on margin without spending money coincidentally as the price skyrockets might lead to some hilarity sometime soon. That or if China cracks down on it since like half the network is now chinese bitcoin farms and people are using it to take money out of china unregulated which further boosted the price.
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Jun 8, 2017 19:35
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Space Crabs posted:Also I'll admit bitcoin has been a stale topic for a really long time, especially with the fake heat stroke story. We real currency now fam, they're letting them buy us on Margin
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Jun 8, 2017 19:44
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Ham Sandwiches posted:That they harped on its stupid name which was really stupid and somehow missed the larger "ah but Bitcoins aren't a scam doomed to failure simply because this exchange has a dumb name" Waffle House posted:Ok, I should just advise you that those kinds of market forces DO EXIST in currencies outside of bitcoins, so if you see something LIKE that, you should just remember these words I posted here.
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Jun 8, 2017 20:56
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What's up GBS I just spent $2k on a 5 gpu eth miner (all zip tied and ghetto as hell) and I'm currently cranking 130MH/s on 830watts. My returns are looking good so far, cashing out on quarter eths, just cashed 0.5 to usd, $128 after all txn costs. Should have paid off in 3.5months, we'll see. After that, I'll sell all the parts and hopefully cash in big! Olive garden for days boys.
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Jun 9, 2017 00:03
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https://www.youtube.com/watch?v=XbZ8zDpX2Mg
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Jun 9, 2017 00:08
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