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Siacoin is hilarious. The cloud storage currency! Why pay Google up to $10 a month for 1TB of storage? With us, it may only cost you $2/month. Sign up now! Just 1. Download our wallet, and blockchain, set up your encryption keys and passwords, don't lose them or you lose access to your files forever! 2. Buy some Bitcoin, available in the US at Coinbase. They only need your bank info and picture of drivers license 3. Sign up for an exchange, we recommend Bittrex 4. Transfer your bitcoins to Bittrex, and buy Siacoins with them at current market rates 5. Purchase a storage contract with one of our fine, Eastern European hosts. Starting at just 50 Siacoins per month (+bandwidth costs) 6. Enjoy up to 90% uptime with no guarantees on reliability, speed, or even being able to access your data ever again You'll be saving up to $8/month in no time. BTW our currency has a market cap of $1.2 Billion and total used network storage of 129TB of (NOT CP), the equivalent of which in 12 TB Hard drives would cost $5500.
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Jan 22, 2018 09:14
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Alpha Mayo posted:Bitcoin isn't meant to be a currency it is a store of value like gold. Nah, currency should be used as a store of value too.
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Jan 22, 2018 09:25
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junan_paalla posted:Not to mention the absurdity of a deflationary currency. Tx fees aren't a problem when nobody wants to use the currency (since its gonna go up up up) and the economy grinds to a halt. Bitcoin is not deflationary. It has an inflation of 4% pa (vs 2% pa for non-shithole countries) due to mining, and nothing except "pinky promise" limits supply long term.
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Jan 22, 2018 10:55
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Bitcoin is extremely deflationary. It’s whole schtick is that it’s deflationary. You wouldn’t get rich if it wasn’t.
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Jan 22, 2018 13:36
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Alpha Mayo posted:Bitcoin isn't meant to be a currency it is a store of value like gold. In gold's case there is some industrial and jewelery use, but its value far exceeds its utility due to speculation and people seeing it as a "store of value" despite nothing inherently making it one other than "common knowledge".
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Jan 22, 2018 14:06
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Alpha Mayo posted:http://omnichest.info/lookupadd.aspx?address=1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw Clearly not enough, it's dropping hard again
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Jan 22, 2018 14:18
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downward slide whistle noises
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Jan 22, 2018 14:19
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Khorne posted:Bitcoin and Gold are actually similar. They're over inflated, useless garbage that's propped up by ignorance. gold is pretty to look at, you bonobo
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Jan 22, 2018 14:21
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Jan 22, 2018 14:23
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*smashes david, a masterpiece sculpture made by the italian renaissance artist michelangelo* this thing is loving worthless!!!
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Jan 22, 2018 14:29
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Alpha Mayo posted:Siacoin is hilarious. That's amazing. I caught the siacoin pump back in December, and made a decent amount of money. Glad to know this was what was behind it.
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Jan 22, 2018 14:41
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Anyone saying "gold has some use as jewelry I guess..." hasn't read about the goddamn bonkers level of demand for gold jewelry in India and China. Also lol bitcoin is in freefall again, 10500 this time, wonder how long until the Tethers kick in
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Jan 22, 2018 14:42
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bitcoin always drops 20% in the morning, doh! buy the dip!
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Jan 22, 2018 14:43
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Minorkos posted:gold is pretty to look at, you bonobo Fine art has value by the way. It's a better investment than gold or crypto. I'd never buy anything I wouldn't personally keep, but I have made some decent money selling things I bought for personal use from estate sales and things like that. That there's no harm in listing it for far more than you paid is a great plus. Khorne fucked around with this message at 14:49 on Jan 22, 2018 |
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Jan 22, 2018 14:44
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Idiots hoarding video cards and gamers being upset about it https://www.reddit.com/r/gaming/comments/7s434f/this_is_why_gamers_hate_miners_so_much/  quote:this pisses me the gently caress off. I can imagine people who have saved up months to afford a gaming PC, and can't afford a top tier card... gently caress miners, gently caress them with everything.  can't even buy a top tier card
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Jan 22, 2018 14:46
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its so tragic that poo poo will get fried or ebayed in a month.
temple fucked around with this message at 14:56 on Jan 22, 2018 |
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Jan 22, 2018 14:52
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Inept posted:
gently caress cryptominers for pushing up graphics card prices.
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Jan 22, 2018 14:53
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temple posted:its so tragic that poo poo will get fried or ebayed in month. Or returned to Microcenter by tomorrow when they realize ROI is never.
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Jan 22, 2018 14:55
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There's never going to be any shortage of demand for gold. As a rule I think something that was hugely desirable as far back as Egyptian times is a pretty safe "store of value".
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Jan 22, 2018 14:57
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Inept posted:
Even my 5-year-old mid-range card went up in price $100.
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Jan 22, 2018 14:58
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divabot posted:https://www.youtube.com/watch?v=l70iRcSxqzo Absolute pro clicks right here.
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Jan 22, 2018 15:01
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all these noob traders with weak hands don't understand the value of hodling and just giving up their money to the whales
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Jan 22, 2018 15:02
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Fame Douglas posted:gently caress cryptominers for pushing up graphics card prices. If/when crypto goes back down, there will be a flood of cheap cards. Some of them might not even be broken! Imagine being AMD and Nvidia and having to pay analysts to predict what will happen with crypto because it could completely gently caress over your business if you get it wrong.
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Jan 22, 2018 15:08
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Price fixing on Gdax and Bitfinex again. Must be that "low volume" that happens during a crash.
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Jan 22, 2018 15:21
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paternity suitor posted:Bitcoin is extremely deflationary. It’s whole schtick is that it’s deflationary. You wouldn’t get rich if it wasn’t. The schtick is butters believe it is deflationary. Making 12.5 new butts every 10 minutes is the opposite of deflation, though. The combination of new baghodlers entering the system and the tether printer means that USD/"USD" in the butt-system was increaseing faster for a while, making butt prices vs USD increase despite the inflation.
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Jan 22, 2018 15:37
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klafbang posted:The schtick is butters believe it is deflationary. Making 12.5 new butts every 10 minutes is the opposite of deflation, though. Eh at this point the rate of new butts coming in is probably less than the rate of people forgetting their wallet's password, losing the private key, hard drive failure, forgetting about a wallet address you had that had some balance, or dying without anyone else knowing the key. That all permanently destroys the butts. But there were so many altcoins created so rapidly, and they poo poo out coins like crazy, that crypto as a whole has been insanely inflationary, while also being a negative sum game to begin with.
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Jan 22, 2018 15:46
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klafbang posted:The schtick is butters believe it is deflationary. Making 12.5 new butts every 10 minutes is the opposite of deflation, though. No, creating currency at a slower rate than the value of goods/currencies that it's being traded against is the definition of deflation. It's about price and purchasing power, not the absolute number of units in circulation.
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Jan 22, 2018 15:59
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still looking bleak out there, how do I contact the tether suicide hotline for another round of magic money?
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Jan 22, 2018 16:08
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It's not looking too bad https://coinmarketcap.com/coins/
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Jan 22, 2018 16:19
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Alpha Mayo posted:It's not looking too bad this archived version made me go bald from stress
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Jan 22, 2018 16:23
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I wanna let you guys know about my upcoming venture, Steely DanCoin The value goes up every time I play the "Aja" album, now's the time if you want to be rich
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Jan 22, 2018 16:25
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~10k is the floor. This is the time to buy.
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Jan 22, 2018 16:26
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Moxxis Endowment posted:~10k is the floor. This is the time to buy. You first
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Jan 22, 2018 16:28
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Durzel posted:There's never going to be any shortage of demand for gold. As a rule I think something that was hugely desirable as far back as Egyptian times is a pretty safe "store of value". Not to mention that gold is fungible. The gold used in processor pins may have been Nazi gold at one point, which may have been roman coins, which may have been Egyptian treasure. There's no material lost in the remanufacture of gold so it's almost infinitely reusable. Unless you're using it in atomic weapons in that case your gold has now been turned into something else.
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Jan 22, 2018 16:29
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https://www.youtube.com/watch?v=aLEb0PPsWWg some sweet tunes for all my hodlers out there
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Jan 22, 2018 16:29
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Alpha Mayo posted:Price fixing on Gdax and Bitfinex again. Must be that "low volume" that happens during a crash.
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Jan 22, 2018 16:38
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Do the Bitcoiners have an idea yet on what the miners will be doing once the last coin has been mined? They have to keep mining to verify the transactions right, except then the reward that has to come completely from fees?
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Jan 22, 2018 16:40
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Darth TNT posted:Do the Bitcoiners have an idea yet on what the miners will be doing once the last coin has been mined? bitcoin will be worth 1 moon, thus making fees valued in space stations rather than satoshis
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Jan 22, 2018 16:43
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Darth TNT posted:Do the Bitcoiners have an idea yet on what the miners will be doing once the last coin has been mined? Yeah but since the fees are $30-60, that's still $70,000-150,000 every 10 minutes right now. It also helps put in perspective how absolutely stupid the Bitcoin fees are. They can make nearly as much in fees as from mining coins right now.
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Jan 22, 2018 16:43
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Where would bitcoin be if tether wasn't propping it up? Also, I have finished my research on crypto. I have discovered that 100% of the people involved fall into one of two categories: Idiots. Stupid people who are unable to think critically. Assholes. Total shitheels that are trying to take advantage of others. Thank you drive through.
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Jan 22, 2018 16:55
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