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CassandraZara
Oct 21, 2012

by Nyc_Tattoo
Is there some kind of bitcoin joke behind a $6.35 price point for the book?

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Facebook Aunt
Oct 4, 2008

wiggle wiggle




CassandraZara posted:

Is there some kind of bitcoin joke behind a $6.35 price point for the book?

No, he just didn't read the self-publishing megathread so he doesn't know $2.99 is the ideal price for all things.

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.


Hey, you guys wanna see 4chan getting desperate to fund its recent political actions off the record?

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN

Jeffrey of YOSPOS posted:

this is the refrain of goons who made 100% wrong predictions over and over for years fleetingly trying to hold on to the thought that maybe they didn't miss out because of their "lmfao the money is computer" groupthink

Similarly this is the logic of a person who won the lotto and is now seriously advising everyone they know to sell all their holdings and buy lotto tickets.

It isn't a good investment now and it wasn't a good investment then. Just because some people made tons of money doesn't change the risk analysis.

Where are all the news stories from the absolute poo poo tons of internet people going "I'm saving up every last BTC I mine I have thousands now" from back in the day who are now super rich? There's some puff pieces here and there but in general you don't see very many of those do you? I wonder why.

e: Final note: if a poo poo ton of people did get rich the IRS would be all over them and that hasn't happened either.

COMRADES fucked around with this message at 20:03 on Jul 26, 2017

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN
e: q is not e

ee: Might as well use the post:

Burt Sexual posted:

Wait, I was told itt that bitcoins are not an investment, but currency.

Bitcoins are a commodity.

COMRADES fucked around with this message at 20:08 on Jul 26, 2017

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

Well OBVIOUSLY they're still investing in bitcoin since it's going to go way up, so it would be silly to tell you all and get in their way! You ppl have no business acumen

Stefan Prodan
Jan 7, 2002

I deeply respect you as a human being... Some day I'm gonna make you *Mrs* Buck Turgidson!


Grimey Drawer

COMRADES posted:

Similarly this is the logic of a person who won the lotto and is now seriously advising everyone they know to sell all their holdings and buy lotto tickets.

It isn't a good investment now and it wasn't a good investment then. Just because some people made tons of money doesn't change the risk analysis.

Where are all the news stories from the absolute poo poo tons of internet people going "I'm saving up every last BTC I mine I have thousands now" from back in the day who are now super rich? There's some puff pieces here and there but in general you don't see very many of those do you? I wonder why.

e: Final note: if a poo poo ton of people did get rich the IRS would be all over them and that hasn't happened either.

The funny thing is too there must be TONS of early adopters who mined hundreds/thousands of coins and sold them whenever it became worth a decent amount total

Like for a lot of people I bet that was when it was $100, or hell even $10 if you had mined thousands of them

There are probably way more people like that who are miserable because if the amount of bitcoins they could have right now than there are people who mined them or bought them for pennies and sat on them and kept them safe

mojo1701a
Oct 9, 2008

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

COMRADES posted:

Bitcoins are a commodity.

Do we consider a hot potato a commodity?

Computer Serf
May 14, 2005
Buglord
what if uh, what if someone just makes a lot more cyber coins so everyone can have some

it's just data :ssh:

Thorgot
Apr 4, 2010
Looks like they caught someone who laundered mt gox stolen coins.

It's rumored he was connected with BTC-e because BTC-e vouched for him and based on the movement of coins he had some sort of special relationship with them.

EorayMel
May 30, 2015

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

COMRADES posted:

Similarly this is the logic of a person who won the lotto and is now seriously advising everyone they know to sell all their holdings and buy lotto tickets.

It isn't a good investment now and it wasn't a good investment then. Just because some people made tons of money doesn't change the risk analysis.

Where are all the news stories from the absolute poo poo tons of internet people going "I'm saving up every last BTC I mine I have thousands now" from back in the day who are now super rich? There's some puff pieces here and there but in general you don't see very many of those do you? I wonder why.

e: Final note: if a poo poo ton of people did get rich the IRS would be all over them and that hasn't happened either.

SEC/IRS are starting to gradually get more involved in this poo poo.

https://twitter.com/BTCVIX/status/889947755912802304

Also lol @ at the Russian mobster shutting down one of the longest running "legitimate" bitcoin exchanges for several days for sudden "maintenance", getting apprehended in Greece(??????) while trying to escape with the money, and having the government statist shill men with guns find out the platform was used to facilitate 95% of ransomware payments.

Ellie Crabcakes
Feb 1, 2008

Stop emailing my boyfriend Gay Crungus

poverty goat posted:

regular porn sites actually take bitcoin now because a lot of people are happy to pay if it won't show up on their credit card statement
That's a pointlessly complicated means of hiding your porn purchases from your wife.

Jeffrey of YOSPOS posted:

this is the refrain of goons who made 100% wrong predictions over and over for years fleetingly trying to hold on to the thought that maybe they didn't miss out because of their "lmfao the money is computer" groupthink
I get that you're all sore in the grundle because you think you missed out, but you probably didn't. You'd probably have ended up with electricity and a hardware arms race eating into what you mined until 8 years have passed and you've ended up netting about the same amount you would have if you spent your weekends collecting recyclables from trash cans.

So don't project your bitterness. Some people just realized from the get-go that it's janky as all hell, would scale like poo poo, lose every libertarian-fever-dream feature due to the inevitable involvement of regulatory agencies and ultimately solve what few problems it actually solves in such a grossly inefficient way that it becomes no longer worth it even to speculators, rip-off artists and money launderers.

Facebook Aunt
Oct 4, 2008

wiggle wiggle




If y'all are sad that you're not making as much as few weeks ago, or your graphics card was never good enough to make any money in the first place, there are other options for having your computer devices pretend to do work for giftcards. Mostly pretending to watch videos with advertisements. Since the necessary computing power is low even phones and tablets can get into it.

https://forums.somethingawful.com/showthread.php?threadid=3820124



You can even have a dodgy milkcrate style mining farm. :woop:

Rexxed posted:

Last week I setup my spare phones as a YooLotto farm (10 phones is the max right now) which can hang on the wall with some velcro, zip ties, command hooks and a plastic plant crate thing. It's either going to be a good idea or a good way to drop 10 phones on the ground at the same time.

Ellie Crabcakes
Feb 1, 2008

Stop emailing my boyfriend Gay Crungus

Facebook Aunt posted:

If y'all are sad that you're not making as much as few weeks ago, or your graphics card was never good enough to make any money in the first place, there are other options for having your computer devices pretend to do work for giftcards. Mostly pretending to watch videos with advertisements. Since the necessary computing power is low even phones and tablets can get into it.
Or just work a regular job and celebrate the fact you're not somewhere starving to death in a yurt fashioned from the clothes of your dead children.

Facebook Aunt
Oct 4, 2008

wiggle wiggle




Whoops I meant to post that in the other bitcoin thread.



John Big Booty posted:

Or just work a regular job and celebrate the fact you're not somewhere starving to death in a yurt fashioned from the clothes of your dead children.

That seems a little extreme.

Tenzarin
Jul 24, 2007
.
Taco Defender
How would someone cash out 40 million dollars worth of bitcoins? Those ATMs?

Spatial
Nov 15, 2007

*beep beep*

*beep beep*

"Hello, this is Amazon customer service how can I help you?"

"I, uh, would like to buy 40 million dollars of, um, gift cards..."

*click*

Spatial
Nov 15, 2007

*Beep*

"Hello, how can I cash out 40 million dollars worth of bitcoins?"

"...Sir, this a McDonald's drive-through."

Solice Kirsk
Jun 1, 2004

.

Tenzarin posted:

How would someone cash out 40 million dollars worth of bitcoins? Those ATMs?

Theoretically they'd just sell it on the exchange. Realistically that would tank the market, trigger a ton of stop sells, and the whole sale would probably wind up being worth way less than their on paper balance. It just happened to ETH.

Chitin
Apr 29, 2007

It is no sign of health to be well-adjusted to a profoundly sick society.
I know a dude trying to sell about a thousand dollars in festival tickets right now that, had he used real money, would have been refundable.

But of course he used bitcoin, so...

Solice Kirsk
Jun 1, 2004

.

Chitin posted:

I know a dude trying to sell about a thousand dollars in festival tickets right now that, had he used real money, would have been refundable.

But of course he used bitcoin, so...

If you trade enough of them in then you can probably get a mustache comb or an assload of tootsie rolls.

Harveygod
Jan 4, 2014

YEEAAH HEH HEH HEEEHH

YOU KNOW WHAT I'M SAYIN

THIS TRASH WAR AIN'T GONNA SOLVE ITSELF YA KNOW

Spatial posted:

*Beep*

"Hello, how can I cash out 40 million dollars worth of bitcoins?"

"...Sir, this a McDonald's drive-through."

"Yes, I'd like any 40-million items from the dollar menu and a copy of your refund/return policy."

Ghost Leviathan
Mar 2, 2017

Exploration is ill-advised.

COMRADES posted:

Similarly this is the logic of a person who won the lotto and is now seriously advising everyone they know to sell all their holdings and buy lotto tickets.

It isn't a good investment now and it wasn't a good investment then. Just because some people made tons of money doesn't change the risk analysis.

Where are all the news stories from the absolute poo poo tons of internet people going "I'm saving up every last BTC I mine I have thousands now" from back in the day who are now super rich? There's some puff pieces here and there but in general you don't see very many of those do you? I wonder why.

e: Final note: if a poo poo ton of people did get rich the IRS would be all over them and that hasn't happened either.

If it's stupid and it works, it's still stupid and you're lucky.

divabot
Jun 17, 2015

A polite little mouse!

CassandraZara posted:

Is there some kind of bitcoin joke behind a $6.35 price point for the book?

£4.99, automatically translated into whatever weird cowrie shells you foreigners use.

Now up on Smashwords (I sold a copy there!!) in ePub which includes the forthcoming paperback's back cover. Also uploaded to Draft2Digital because why the hell not. Paperback trundling through the CreateSpace process, will probably be out before the heat death of the universe (I wanna check the author proof copy first). More ongoing updates on the home thread!

CassandraZara
Oct 21, 2012

by Nyc_Tattoo

divabot posted:

£4.99, automatically translated into whatever weird cowrie shells you foreigners use.

Lol you seriously don't even want to sell this book

Sentient Data
Aug 31, 2011

My molecule scrambler ray will disintegrate your armor with one blow!
Tell me about it, pricing it in fiat instead of satoshis

gary oldmans diary
Sep 26, 2005
lol if you use any currency other than bitcoin

divabot
Jun 17, 2015

A polite little mouse!

gary oldmans diary posted:

lol if you use any currency other than bitcoin

y'know I went looking, and I can't actually find any general ebook store that accepts cryptos :thunk:

gary oldmans diary
Sep 26, 2005
ebooks are free just like basement electricity

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
http://www.msn.com/en-us/money/mark...scam/ar-AAoJifL

Powershift
Nov 23, 2009



It was actually a $0 bitcoin scam because the dude couldn't cash out.

gary oldmans diary
Sep 26, 2005

Powershift posted:

It was actually a $0 bitcoin scam because the dude couldn't cash out.
lol

quote:

the government withdrew, at least for the moment, a formal charge related to the bitcoin
just imagine that criminal pleading with police to acknowledge his pretend money is really worth $40M while they roll their eyes and just charge him with the laptop theft

EorayMel
May 30, 2015

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

quote:

But if Price did have millions in bitcoin, as the Morning Call wondered, why was he so cash-broke he was stealing laptops and hocking $30 jewelry? The hacker told investigators he wasn’t able to cash out his bitcoin without drawing attention to himself

Buttcoin purse
Apr 24, 2014

divabot posted:

y'know I went looking, and I can't actually find any general ebook store that accepts cryptos :thunk:

Can't you sell books on Silk Road Silk Road 2.0 Agora Hansa AlphaBay nevermind

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
https://twitter.com/coinbase/status/891775252329414656

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

I transferred 0.1 bitcoinz to a private wallet

It took 14 hours

Currency of the future right here

Buttcoin purse
Apr 24, 2014

Comfy Fleece Sweater posted:

I transferred 0.1 bitcoinz to a private wallet

It took 14 hours

Currency of the future right here

So are you printing out the key? Are you memorizing it? Is it a brainwallet thing protected by the extremely secure passphrase "kuato"? Are you storing the key on a laptop with all the ports epoxy'd? Are you storing the key on a USB stick under a birdbath? I'm just wondering how regular folk keep their money secure in these crazy futuristic days of super-convenient internet money.

gary oldmans diary
Sep 26, 2005
i would print out code 39 barcodes for my bitcoin wallet and then stenographically hide the barcode into a painting which i then bury at sea

Sten Freak
Sep 10, 2008

Despite all of these shortcomings, the Sten still has a long track record of shooting people right in the face.
College Slice

quote:

A split in the Bitcoin community is set to create a new incompatible version of the cryptocurrency on Tuesday.
http://www.bbc.com/news/technology-40779767

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divabot
Jun 17, 2015

A polite little mouse!
my attempted explainer of this ridiculous bullshit, please respond with querulousness

CoinDesk is liveblogging the tyre fire. Since the split, BTC has had four blocks mined, and BCC has had 0. GOSH WHO COULD EVER HAVE PREDICTED THAT with almost all the hashpower telling BCC to gently caress off

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