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Andy Dufresne posted:Are you trying to make a point? Yes, that for most people 5% isn't a lot of money. We're talking people playing with hundreds of dollars here, the amount a person would reasonably spend visiting Vegas, not the thousands you're mistakenly thinking they're wasting.
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Jan 14, 2018 01:03
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QuarkJets posted:Are the remaining 10% planning to hold their CC balances indefinitely, eventually declaring bankruptcy and trying to hide their bitcoins from debt collectors? I wonder if the industry has already prepared for this the 'I bought (expensive asset) with a credit card planning to declare bankruptcy' routine dates back to the third or fourth person ever to get a credit card and the proceeds of the purchase weren't even traceable forever, so good luck with that however 'I bought a bunch of buttcoins pre-crash, they crashed, and now I have to declare bankruptcy' will definitely be a thing and will also have the hilarious side effect of judges forcing a bunch of people to forfeit their bitcoins to the banks
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Jan 14, 2018 01:04
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Ccs posted:Yes, that for most people 5% isn't a lot of money. We're talking people playing with hundreds of dollars here, the amount a person would reasonably spend visiting Vegas, not the thousands you're mistakenly thinking they're wasting. I think the less money you have the more careful you should be with it
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Jan 14, 2018 01:19
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Finally a new industry to embrace bitcoin: collections Get a judgement saying "the bitcoins belonging to private key x in transaction y are the officially the property of bank y, you must surrender that exact amount of bitcoins or the listed bitcoins will be regarded as stolen property" then just follow the transactions forever still someone in us jurisdiction gains control or cashes out
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Jan 14, 2018 01:21
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Here are Bitcoin Billionaire Cameron Winklevoss' 2 favorite Science Fiction books: https://www.cnbc.com/2018/01/12/cameron-winklevoss-shares-his-2-favorite-science-fiction-books.html Dune and Foundation An interesting insight into a very powerful genius of Bitcoin.
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Jan 14, 2018 03:54
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Invest in NAMBLACOIN and mine hot lil BOY ASSHO
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Jan 14, 2018 04:03
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Pochoclo posted:Maybe your life someday Don’t make me hopeful
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Jan 14, 2018 04:15
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Ccs posted:Yes, that for most people 5% isn't a lot of money. We're talking people playing with hundreds of dollars here, the amount a person would reasonably spend visiting Vegas, not the thousands you're mistakenly thinking they're wasting. People who can't adequately fund their retirement accounts should not speculate in bitcoin. Is this a controversial position or something? They probably shouldn't go to Vegas either.
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Jan 14, 2018 04:17
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FAGGY CLAUSE posted:Invest in NAMBLACOIN and mine hot lil BOY ASSHO Ah, I didn't know Bruce Wagner had an SA account.
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Jan 14, 2018 04:29
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french lies posted:The back offices of most major banks and financial institutions will be completely hollowed out once blockchain and smart contracts are fully rolled out.
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Jan 14, 2018 04:46
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I don't understand the point of proof of work, even if the entire bitcoin network was secured by a single i386 wouldn't that be enough as long as the hashing algorithm is unbroken? I thought PoW was more useful in rate limiting such as spam and brute forcing simple passwords. Maybe I'm missing something though.
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Jan 14, 2018 05:12
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Alpha Mayo posted:I don't understand the point of proof of work, even if the entire bitcoin network was secured by a single i386 wouldn't that be enough as long as the hashing algorithm is unbroken? You're missing the crazy libertarians hijacking a tech toy because it's clearly the future of economy, then entering a stupid arms race driven by greed for more virtual Chuck E Cheese tokens. Then, once it was clear that crazy libertarians were willing to pay for these tokens, other people started paying for them because they thought the price would go up, and once it was clear that non-crazies were willing to pay for them... well, you get the point. It's like those videos with polyethylene glycol - just takes a little push for the molecules to start pulling each other, but there's only so much of it to go around and only so much the force will go against gravity and no, you can't build a perpetual motion machine with it. Pochoclo fucked around with this message at 05:24 on Jan 14, 2018 |
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Jan 14, 2018 05:18
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you could have the same constant duplicate verification going on if a lot of people people were willing to allocate 2+GB of hard drive space and a little bit of cpu resources at no benefit to themselves. but just in case that wasnt appealing theres "mining" proof of work and reward bitcoins plus thats where the coins come from in the first place. otherwise satoshi would have given 21 million to himself
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Jan 14, 2018 05:19
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if you think you dont understand something about bitcoin because it sounds stupid that means you actually understand it perfectly
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Jan 14, 2018 05:22
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Friend of mine may have been a codeveloper of bitcoin or maybe satoshi himself. He had the earliest bitcoins but he killed himself a few years ago over drama with a crazy girlfriend. Not even joking a little bit. He had the bitcoins before they were even publicly available.
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Jan 14, 2018 05:50
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jonathan posted:Friend of mine may have been a codeveloper of bitcoin or maybe satoshi himself. He had the earliest bitcoins but he killed himself a few years ago over drama with a crazy girlfriend. Not even joking a little bit. He had the bitcoins before they were even publicly available. Probably worth finding and searching his old hard drives
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Jan 14, 2018 06:09
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jonathan posted:Friend of mine may have been a codeveloper of bitcoin or maybe satoshi himself. He had the earliest bitcoins but he killed himself a few years ago over drama with a crazy girlfriend. Not even joking a little bit. He had the bitcoins before they were even publicly available. Do tell
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Jan 14, 2018 06:19
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jonathan posted:Friend of mine may have been a codeveloper of bitcoin or maybe satoshi himself. He had the earliest bitcoins but he killed himself a few years ago over drama with a crazy girlfriend. Not even joking a little bit. He had the bitcoins before they were even publicly available. are you sure that he wasn't just telling you made up poo poo because he was crazy and killed himself
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Jan 14, 2018 06:49
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I still think there's at least a ten percent chance Satoshi is dead maybe more
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Jan 14, 2018 07:18
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Inept posted:are you sure that he wasn't just telling you made up poo poo because he was crazy and killed himself I highly doubt he was satoshi and never claimed that. But the timeline of when he was talking about the project jives with my theory that he helped or contributed to the original design. When they started to become accepted for buying drugs he pretty much considered the project a success. But then his crazy girlfriend wanted to get them both thrown in jail so he killed himself via overdose. His name was Dennis Moran.
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Jan 14, 2018 07:51
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Alpha Mayo posted:I don't understand the point of proof of work, even if the entire bitcoin network was secured by a single i386 wouldn't that be enough as long as the hashing algorithm is unbroken? Proof of work is a (terrible, but currently only) solution to the problem of picking which miner's block should be the official one, while remaining 'trustless'. It has nothing to do with protecting keys, and everything to do with decentralization. If you threw out PoW and picked one specific miner as the god of bitcoin, the entire network could be collapsed down to just a single machine, but that would require trusting someone, and we can't have that! And yeah, that god of bitcoin still wouldn't be able to do stuff like make fraudulent transactions, but they could do shady stuff like ignoring or prioritizing specific transactions in the queue, which can compromise the network just as badly.
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Jan 14, 2018 08:08
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jonathan posted:I highly doubt he was satoshi and never claimed that. But the timeline of when he was talking about the project jives with my theory that he helped or contributed to the original design. When they started to become accepted for buying drugs he pretty much considered the project a success. ah this one? https://en.wikipedia.org/wiki/Dennis_Moran_(computer_criminal) https://steemit.com/hacking/@ackza/...d-corporate-web
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Jan 14, 2018 12:09
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Holy lol if that's the slightest bit true
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Jan 14, 2018 12:16
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divabot posted:ah this one? lol apparently his alias was Coolio
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Jan 14, 2018 12:22
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Just before Xmas, a relative put £400 into some Bitcoin business where you had to make a minimum deposit of £200 and you couldn't withdraw any of that money for three months, but you'd earn 1% interest every day and then at the end of the three months you could either take it all out or leave it in there earning 1% per day...or something like that. Does anyone know who this is or what his chances are of ever seeing his money again?
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Jan 14, 2018 14:10
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toiletbrush posted:Just before Xmas, a relative put £400 into some Bitcoin business where you had to make a minimum deposit of £200 and you couldn't withdraw any of that money for three months, but you'd earn 1% interest every day and then at the end of the three months you could either take it all out or leave it in there earning 1% per day...or something like that. Does anyone know who this is or what his chances are of ever seeing his money again? Napkin math says they'd owe your relative just under 1000 GBP at the end of three months, so either way it's not a lot. It's absolutely a scam though, the rate seems dangerously close to those payday loans they have in America
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Jan 14, 2018 14:19
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toiletbrush posted:Just before Xmas, a relative put £400 into some Bitcoin business where you had to make a minimum deposit of £200 and you couldn't withdraw any of that money for three months, but you'd earn 1% interest every day and then at the end of the three months you could either take it all out or leave it in there earning 1% per day...or something like that. Does anyone know who this is or what his chances are of ever seeing his money again? This could be out of a textbook description on Ponzi schemes.
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Jan 14, 2018 14:47
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lol 1% compounding interest over 90 days is like 2.5 times the money back, sounds mega legit
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Jan 14, 2018 14:50
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Dave Concepcion posted:lol 1% compounding interest over 90 days is like 2.5 times the money back, sounds mega legit Yeah, assuming a 30 day month, that’s a 35% return per month. 145% over 90.
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Jan 14, 2018 14:56
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QuarkJets posted:lol apparently his alias was Coolio Keep spending most our lives Livin' in a hacka's paradise Been spending most their lives Livin' in a hacka's paradise
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Jan 14, 2018 15:26
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jonathan posted:I highly doubt he was satoshi and never claimed that. But the timeline of when he was talking about the project jives with my theory that he helped or contributed to the original design. When they started to become accepted for buying drugs he pretty much considered the project a success. so what happened to the gf
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Jan 14, 2018 15:27
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The gf was actually CARLA MARK FORCE IV Some classic lols for the newer people: https://www.bloomberg.com/view/articles/2015-03-30/bitcoin-secret-agents-were-pirates-themselves
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Jan 14, 2018 15:43
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divabot posted:ah this one? That's him but holy poo poo did you read that second link ?
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Jan 14, 2018 15:55
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Sentient Data posted:The gf was actually CARLA MARK FORCE IV please do not doxx his roleplay
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Jan 14, 2018 16:02
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toiletbrush posted:Just before Xmas, a relative put £400 into some Bitcoin business where you had to make a minimum deposit of £200 and you couldn't withdraw any of that money for three months, but you'd earn 1% interest every day and then at the end of the three months you could either take it all out or leave it in there earning 1% per day...or something like that. Does anyone know who this is or what his chances are of ever seeing his money again? Was it Bitconnect? https://www.youtube.com/watch?v=W4j00YUB5Vs The CryptoChick(aka MoneyMonsta) explains in this video how BITCONNECT gives you an average of 1% interest, which you cannot lose (per their own policies) so it seems your friend took advantage of a great opportunity! Meanwhile... you’re on the sidelines scratching your buttocks, grunting like an ape 🦍 at this whole “Crypto? Hhhhnnrrrr? “ thing. My friend, be like your friend, buy the Bitcoin NOW
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Jan 14, 2018 16:27
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How do you prove someone owns a bitcoin? Isn't it anonymous? If you borrow an assload of money to buy buttcoin and bury them, say in coinbase, then declare bankruptcy how do collectors take your bitcoin?
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Jan 14, 2018 17:55
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Stefan Prodan posted:I still think there's at least a ten percent chance Satoshi is dead maybe more close to 100%, imo
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Jan 14, 2018 18:03
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ilmucche posted:How do you prove someone owns a bitcoin? Isn't it anonymous? If you borrow an assload of money to buy buttcoin and bury them, say in coinbase, then declare bankruptcy how do collectors take your bitcoin? As for how they take your bitcoins - H. Beatty Chadwick's wife divorced him. The court found that he was holding a lot of money overseas and put him in prison until he coughed up the cash. He refused, so he spent 14 years in prison.
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Jan 14, 2018 18:15
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Gobbeldygook posted:H. Beatty Chadwick's wife divorced him. The court found that he was holding a lot of money overseas and put him in prison until he coughed up the cash. He refused, so he spent 14 years in prison.
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Jan 14, 2018 18:34
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LOL what, Athene was talking about Bitcoin 4 years ago https://youtu.be/iU8ie9QEzQk (He is a former WoW and Hearthstone Streamer and Troll, just watch his grab the 10K video where he offered Forsen money up to 10k Dollar for testing his gaming for good stream tools and ended donating this to Sodapoppin or his early YT stuff where he got millions of clicks by monetizing his girlfriends (Tania) DD boobs via clickbait and her décolleté; he later explained how the team „exploited“ YouTube algorithms and Viewers. He is wacky and a diva but not dumb and likes to be underestimated ) 4 years later, he launched Purpose, an altruistic crypto currency: „Purpose is a token built on the ERC-20 Token Standard that allows people to contribute to its altruistic objectives by holding it. Its primary feature is its ability to generate a second token called DUBI (Decentralized Universal Basic Income) that is supported by a large community of activists as well as an independent group of volunteer developers who work together towards increasing DUBI’s value, in preparation for eventually gradually distributing it among the world’s population. Distribution is to be facilitated on-chain with an allowance contract that grants each individual DUBI at a rate that can be set to equal that of the DUBI output of 1 to 100 Purpose, a process that also incorporates optional automated taxation for government compliance. Purpose is only distributed for donations not towards its creator but towards charity and/or the above-mentioned volunteers who are collaborating on initiatives that support Purpose. It will also be available on exchanges when the tokens are claimable, which should be in the first quarter of 2018. In the meantime, Purpose continues to be reserved at Athene’s discretion for donations directly towards, for example, Save the Children on PRPS.io. [...] Athene is a well-known philanthropist who started the idea of Purpose to enable a new form of decentralized altruism that uses a Decentralized Universal Basic Income utility token to combat poverty and counteract the imminent global repercussions of industries’ increasing reliance on automation and AI. Altruism and philanthropy are the foundation of Purpose and are the driving forces behind the community that supports it. As a result, holding Purpose and/or developing & supporting initiatives and software around it is of primary interest to its current owners. In contrast to more feature-rich cryptocurrencies, Purpose’ functionality is rudimentary and its value primarily originates from its ideological objective and the future intrinsic value of Purpose integrated software. Purpose and its basic features are built on the idea of its supporters ‘hodling’ it, with the intent of contributing to its value and, by extension, its ability to do good. Consequently, supply is limited, which may maintain a high demand and steadily raise the value of Purpose. Furthermore, there are several simple added incentives for holding Purpose to ensure its ripple effect. Beyond the altruistic driving force of its community that is committed to increasing its value, Purpose’s ‘HODL’ mechanism allows users to lock the token away with a smart contract for up to 12 months and instantly receive a 4% return in the form of a second token, called DUBI. DUBI can be used in applications built by the development team with likely minimum equal value as Purpose. Moreover, it may be used to give its holders recognition and access within the community to features such as private message boards. Since technological functionality itself is rarely what drives the economy of cryptocurrencies on exchanges, Purpose incorporates specific elements and strategies that allow it to potentially respond exceptionally to scenarios wherein its community engages in trading and other independent initiatives that give Purpose and DUBI value. Exchange dynamics are often determined by fear, whether FOMO (fear of missing out) or FUD (fear, uncertainty and doubt). Purpose’s ‘HODL’ feature makes it easy to overcome the latter while low supply and actively maintained marketing livestreams that mobilize its community may fuel FOMO. Purpose’s HODL culture is largely code-based rather than solely reliant on trust. Amount in circulation and amount of Purpose being ‘hodl’d’ can be tracked and seen on PRPS.io.“ More in the whitepaper. https://www.prps.io https://www.prps.io/Purpose.pdf https://youtu.be/5M4hP8H1O24 Let’s see how a famous internet Troll (who on contrast does a lot for charity, seriously, he raised multi millions for charity https://youtu.be/-nMJdXJAHPA) is handling crypto currency. I find this interesting so far and it fits in the Bitcoin thread because this Purpose project deconstructs the crypto currency in an Athene style way. At least he is trying to build something good. (Edit: it is Athene after all so you never know if he is trolling; „if you want to invest into a scam, at least chose the right one“: he wrote. His charity work was ever honest, tho, so there is that.) You can be sure, some trolling will be part of it: https://youtu.be/wS9yN9YuDBg Mr.PayDay fucked around with this message at 22:57 on Jan 14, 2018 |
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Jan 14, 2018 22:46
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