Bitcoin: no angel investors, only Faustian bargains

The Something Awful Forums > Main > General Bullshit > Bitcoin: no angel investors, only Faustian bargains

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Toys For Ass Bum: Feb 1, 2015

Computer Serf posted:

btw if you try to transfer it to the actual buttchain, fees will cost ~~$10-20~~

It's $40+ now

# ? Dec 22, 2017 03:13

Adbot: ADBOT LOVES YOU

# ? Apr 29, 2024 01:17

Uranium 235: Oct 12, 2004

huge dump today

# ? Dec 22, 2017 04:34

insulated staircase: Aug 21, 2014

this the crash?

HODL

# ? Dec 22, 2017 04:36

lazorexplosion: Mar 19, 2016

lol down 10% in three hours

# ? Dec 22, 2017 04:39

Dr. Fraiser Chain: May 18, 2004; Redlining my shit posting machine

lazorexplosion posted:

lol down 10% in three hours

Someone took a second mortgage to buy the coin.

# ? Dec 22, 2017 04:41

Nessus: Dec 22, 2003; After a Speaker vote, you may be entitled to a valuable coupon or voucher!

I wonder how long until the thread title is accurate again.

# ? Dec 22, 2017 04:43

Mao Zedong Thot: Oct 16, 2008

Nessus posted:

I wonder how long until the thread title is accurate again.

3 or 4 hours :getin:

# ? Dec 22, 2017 04:49

insulated staircase: Aug 21, 2014

friend gave me some coin fractions first week of December. initially 'worth' $397. then rose to be 'worth' almost $580. now 'worth' $415

this is the future

# ? Dec 22, 2017 05:08

Comfy Fleece Sweater: Apr 2, 2013; You see, but you do not observe.

insulated staircase posted:

friend gave me some coin fractions first week of December. initially 'worth' $397. then rose to be 'worth' almost $580. now 'worth' $415

this is the future

Give me your bitcoins

# ? Dec 22, 2017 05:11

FanofPortals: Sep 22, 2006; BILL FILLMAFF'S GREATEST DISAPPOINTMENT

It was a fun ride. Memes were made, butt dollars were traded by drug dealers and perverts. Then the bubble popped with as much grace as a slow, loud fart in a crowded and un-ventilated elevator.

This butt's for you.

# ? Dec 22, 2017 05:22

kdrudy: Sep 19, 2009

UP UP UP!

# ? Dec 22, 2017 05:38

Neukoln19: Oct 27, 2005

Just checked my Coinbase acct for the first time in a long time.

Apparently they do Bitcoin Cash?

And apparently I got 6 bux in bitcoin cash on Dec 13?

Now worth 10 bux?

Who sent this to me? Why did this happen?

# ? Dec 22, 2017 05:42

Jikes: Dec 18, 2005; candy of the ocean

Bitcoin\ Bitcoin Cash fork. If you bought bitcoin from CB before August of this year, you now have an equivalent amount of bitcoin cash. Enjoy.

# ? Dec 22, 2017 05:47

Andy Dufresne: Aug 4, 2010; The only good race pace is suicide pace, and today looks like a good day to die

Bitcoin forked, so your bitcoin also became bitcoin cash. Also a few other obscure cryptos.

Anyone can fork bitcoin, bch just had substantial backing because they were the people trying to solve the fee and scalability issues. The miners weren't interested in changing anything believe it or not

# ? Dec 22, 2017 05:47

Neukoln19: Oct 27, 2005

its the gift that keeps on giving (free money)

# ? Dec 22, 2017 05:54

deadwing: Mar 5, 2007

# ? Dec 22, 2017 06:26

Andy Dufresne: Aug 4, 2010; The only good race pace is suicide pace, and today looks like a good day to die

So what you're saying is we're due for a rally!

# ? Dec 22, 2017 06:43

Comfy Fleece Sweater: Apr 2, 2013; You see, but you do not observe.

I have put all my money into bitcoin

Let's roll

# ? Dec 22, 2017 06:44

eonwe: Aug 11, 2008; Lipstick Apathy

deadwing posted:

lol

# ? Dec 22, 2017 06:47

Andy Dufresne: Aug 4, 2010; The only good race pace is suicide pace, and today looks like a good day to die

I hate when my store of value loses 25% of it's value in a day! :grumble:

# ? Dec 22, 2017 06:56

Communist Q: Jul 13, 2009

Tax man cometh!

# ? Dec 22, 2017 07:00

Andy Dufresne: Aug 4, 2010; The only good race pace is suicide pace, and today looks like a good day to die

Tried to use Bitcoin at a bar tonight at a Bitcoin meetup. Here is how it went.

quote:

First off, I hold more Bitcoin than any other coin.

I've been investing in Bitcoin since early this year and went to my first bitcoin meetup in San Francisco tonight. https://www.meetup.com/San-Francisco-Bitcoin-Social/events/245125000/

The description said, "the only bar in SF that accepts bitcoin at the register!"

I'm thinking, how is this gonna go? Can't go well, right.

I asked the bartender/owner if I can pay with bitcoin and he's like 'yeah, no problem'.

I had ordered two drinks. The bartender hands me an ipad with a bitpay QR code.

I opened up my Coinbase app that I had moved $100 into today specifically for in person payments.

My drinks came out to $15.50 with tip.

The Bitpay app requested 0.0012 BTC (Current price is $16,500). When I put that amount into the Coinbase app it said the USD value was $35. I couldn't figure out why it was $35. So I switched the interface to allow me to just enter a USD amount.

I entered $20, cause I was slightly drunk and said, oh well, I'll pay more. After I hit send I looked at the transaction and it said it was pending for $51. WTF?

I asked the owner/bartender how this was gonna work since it was going to take 2hours plus.

He was like "2 hours? We can't wait that long, I'll just cancel and you can pay by credit card. Also , I don't want you to pay $51 for this".

I told him "You can't cancel, it's bitcoin. No backsies".

He was like "Well, Bitpay says it's canceled now".

And I said "Not sure its gonna come back through via Coinbase. I have no idea how this is gonna go."

The owner was super great and offered to wait or try a whole bunch of things. I said "This was mostly an experiment, take my card. Thanks for doing the bitcoin community solid.".

At the end of the day I have no idea if I got refunded. 2.5 hours later, Coinbase said the transaction went through. Turns out the extra $30 was transaction fees for $20 drinks.

Ok, this is not anything new to anyone here. But it was my first time trying to buy something at a retail store.

The owner was super great. He actually knew a ton about transaction fees, altcoins, bit pay and ease of use for customers. It's not an exaggeration to say he knew more about bitcoin than any other person at the meetup I talked to. (Which is weird, cause he was surprised it was gonna take 2 hours. I thought we all knew that).

He also said I was the only one to try to pay with bitcoin, which I kinda found sad. (ok, maybe everyone already knew better).

I knew it wasn't going to go well, but wanted to try for myself.

So, that brings me to: LIGHTNING NETWORK. WE NEED IT. LETS GET IT. HOW CAN I HELP. I'M A DEVELOPER, BUT HAVEN'T STARTED LEARNING BLOCKCHAIN CODING. DM AND PUT ME TO WORK LEARNING. I'LL BUILD YOU A THING.

Anyway, go to this bar and talk to Aaron. Super cool and will talk your ear off about bitcoin if he has the time: https://www.yelp.com/biz/stookeys-club-moderne-san-francisco

Here is my transaction: https://live.blockcypher.com/btc/tx/820957a6eac6ca8695dd312d90b84b6bdb5ad1b7ed8d747e3df4dc406ceaaeff/

# ? Dec 22, 2017 07:09

putin is a cunt: Apr 5, 2007; BOY DO I SURE ENJOY TRASH. THERE'S NOTHING MORE I LOVE THAN TO SIT DOWN IN FRONT OF THE BIG SCREEN AND EAT A BIIIIG STEAMY BOWL OF SHIT. WARNER BROS CAN COME OVER TO MY HOUSE AND ASSFUCK MY MOM WHILE I WATCH AND I WOULD CERTIFY IT FRESH, NO QUESTION

How can you possibly go through all that and still BELIEVE IN BITCOIN

# ? Dec 22, 2017 07:18

Salt Fish: Sep 11, 2003; Cybernetic Crumb

a hot gujju bhabhi posted:

How can you possibly go through all that and still BELIEVE IN BITCOIN

How could you crash at kitty hawk after 50 yards and still believe in airplanes?

# ? Dec 22, 2017 07:20

putin is a cunt: Apr 5, 2007; BOY DO I SURE ENJOY TRASH. THERE'S NOTHING MORE I LOVE THAN TO SIT DOWN IN FRONT OF THE BIG SCREEN AND EAT A BIIIIG STEAMY BOWL OF SHIT. WARNER BROS CAN COME OVER TO MY HOUSE AND ASSFUCK MY MOM WHILE I WATCH AND I WOULD CERTIFY IT FRESH, NO QUESTION

Salt Fish posted:

How could you crash at kitty hawk after 50 yards and still believe in airplanes?

Except that plane crashes are incredibly rare but the experience that guy had would be identical for anyone else attempting the same thing.

# ? Dec 22, 2017 07:23

comedyblissoption: Mar 15, 2006

Someone said to me that bitcoin's bubble was unique and pure in a macabre way in that it was based on something of no value. There's no physical object or service to back it.

I had to correct him that it was actually based on something of negative value because each transaction requires the energy to power an American household for a week.

# ? Dec 22, 2017 07:25

Andy Dufresne: Aug 4, 2010; The only good race pace is suicide pace, and today looks like a good day to die

Unless he used an obscure alternate currency that nobody is using and no merchant accepts :smuggo:

# ? Dec 22, 2017 07:25

Nessus: Dec 22, 2003; After a Speaker vote, you may be entitled to a valuable coupon or voucher!

A man who believes so hard in the free market that he offers to give of his precious time and skills for free. Amazing!

# ? Dec 22, 2017 07:30

Sickening: Jul 16, 2007; Black summer was the best summer.

Bitcoin is a store of value. Comedic value.

# ? Dec 22, 2017 07:35

chird: Sep 26, 2004

'Come on Tether, print your magical IOUs already ffs'

# ? Dec 22, 2017 07:37

Powershift: Nov 23, 2009

chird posted:

'Come on Tether, print your magical IOUs already ffs'

They just fired off 50 million about 20 minutes ago.

I fully expect another 100 million within the next 12 hours.

e: the 50 mil is off their transparency page, but not into their issuing address. I'm guessing they got "hacked" again.

Powershift fucked around with this message at 07:43 on Dec 22, 2017

# ? Dec 22, 2017 07:40

Rock Puncher: Jul 26, 2014

bitcon

nocoin

flopcoin

blipcoin

popcoin

# ? Dec 22, 2017 07:41

putin is a cunt: Apr 5, 2007; BOY DO I SURE ENJOY TRASH. THERE'S NOTHING MORE I LOVE THAN TO SIT DOWN IN FRONT OF THE BIG SCREEN AND EAT A BIIIIG STEAMY BOWL OF SHIT. WARNER BROS CAN COME OVER TO MY HOUSE AND ASSFUCK MY MOM WHILE I WATCH AND I WOULD CERTIFY IT FRESH, NO QUESTION

I hope these idiots are thrust full force into the most brutal poverty by their dumb fucker idiot decisions

# ? Dec 22, 2017 07:42

chird: Sep 26, 2004

Powershift posted:

They just fired off 50 million about 20 minutes ago.

I fully expect another 100 million within the next 12 hours.

e: the 50 mil is off their transparency page, but not into their issuing address. I'm guessing they got "hacked" again.

Oh I thought them closing new account registrations today might have been them just switching off the lights before heading to Barbados.

# ? Dec 22, 2017 07:47