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https://twitter.com/iamjosephyoung/status/1238055860053495810
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Mar 12, 2020 14:32
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| # ? Apr 28, 2024 09:54 |
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Ad by Khad posted:We've been doing these threads for ten loving years. Bitcoin is not new. Also, given what bitcoin was worth ten years ago, maybe that's not something to brag about...
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Mar 12, 2020 14:35
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If you touch the poop, do not complain that your fingers smell bad.
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Mar 12, 2020 14:35
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if we'd all touched the poop in the first bitcoin thread we would all be rich!
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Mar 12, 2020 14:39
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Fleetwood Crack posted:For a currency ten years is still extremely new. For it to be a currency you'd need to be able to exchange it for goods and services People don't use it to buy things. They use it to park their USD(t) in and then sell for more USD(t) later.
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Mar 12, 2020 14:42
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Tashilicious posted:For it to be a currency you'd need to be able to exchange it for goods and services
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Mar 12, 2020 14:43
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Fleetwood Crack posted:What about drugs? I can get drugs easier and faster using my fancy canadian money. and my canadian money doesn't have childporn in it.
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Mar 12, 2020 14:45
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Fleetwood Crack posted:What about drugs? Much like drugs, USD(t) is liable to go up in smoke at any moment.
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Mar 12, 2020 14:47
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Tashilicious posted:I can get drugs easier and faster using my fancy canadian money. and my canadian money doesn't have childporn in it. not under quarantine you can't
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Mar 12, 2020 14:49
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poverty goat posted:not under quarantine you can't canada post always delivers unless it's like windy out then they stay inside their little red trucks and drink some timmies
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Mar 12, 2020 14:51
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I just checked and there are plenty of N95 masks for sale on the dark web who's laughing now??
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Mar 12, 2020 15:01
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Can't imagine many people are actually buying those.
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Mar 12, 2020 15:10
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poverty goat posted:if we'd all touched the poop in the first bitcoin thread we would all be rich! I went to lunch with my brother about a year ago when he asked me what bitcoin was. I explained that I had been aware of btc since its price was below a dollar and then spent 20 minutes running him through dozens and dozens and dozens of reasons why if I had invested then my money would've been stolen, or lost, or audited, or held, or all sorts of things. I think I got to like #7 or #8 before he just started straight lmaoing, which he continued to do all the way to the end. I saved the "bitcoin miner gives himself brain damage via heatstroke" story for the end.
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Mar 12, 2020 15:10
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Ad by Khad posted:if I had invested then my money would've been stolen, or lost, or audited, or held, or all sorts of things. this really isn't true though, unless you've actually judged yourself to be as stupid and incompetent as the people this happens to. your money would only have been stolen if you had stored it in an exchange or used the john galt speech to generate the wallet, and you could have cashed out a lot of money without too much worry about holds and audits as long as you took your time and didn't try to avoid paying taxes on it. we of the internet master race could have hiveminded a few million in real money each if everyone hadn't told us not to touch the poop when btc was $20
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Mar 12, 2020 15:22
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Mt. Gox used to be THE exchange, and that one was hacked thoroughly.
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Mar 12, 2020 15:29
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It is true that if you held your coins in a very specific way you'd still have them now, but it's only now in hindsight that we know what that very specific way was. If I weren't a victim of Mark Did Nothing Wrong I would've lost them in a hard drive failure, or my real actual money would've been put at risk because Canadian banks weren't tolerating any sort of crypto poo poo At All for a very long time and would straight up drop you if they suspected you were doing it. Or Trendon Shavers, if I was really stupid. Or some fuckin wallet app hack, of which there were at least dozens. Or I would've lost my money to that stupid Europe guy having his exchange on an Amazon instance. We veterans of the bitcoin threads know now exactly what the path was to keep the coins safe, but it wasn't nearly as clear back then, and with crypto if you make one mistake you're permanently and irrevocably mega-hosed. More of us would be broke than lambo. A lot more. edit: I lost a bunch of good pictures to a USB stick failure just last week, lots of coiners lose their loving shirt to a minor thing like that
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Mar 12, 2020 15:31
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poverty goat posted:we of the internet master race could have hiveminded a few million in real money each if everyone hadn't told us not to touch the poop when btc was $20 Klyith posted:if everybody on SA who was watching bitcoins to laugh at them had bought bitcoin for delivery pizzas in 2009, we would have altered the bitcoin/pizza exchange rate and caused a bubble before the first bitcoin bubble had even happened.
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Mar 12, 2020 15:35
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You should have backups my dude
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Mar 12, 2020 15:36
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So should coiners. Lots didn't!
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Mar 12, 2020 15:37
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Yeah MtGox is the great filter of Bitcoin. What kind of fool would try to store their bitcoins themselves when they could store them safely on MtGox?
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Mar 12, 2020 15:40
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Even if I had known the proper path to keep my bitcoins super supreme safe, and the proper path to keep my bank from finding out I own them, because my bank in particular does not tolerate crypto poo poo whatsoever, who's to say I don't do what dog-dick coffee table man Rassah did and cash out my initial pile at 40 bucks each to buy a Nissan 40 bucks a bitcoin was pretty fuckin good back then, nearly all-time high, and there was no way of knowing where it would go from there at the time, it went back down to like three dollars for a while after that
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Mar 12, 2020 15:47
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Well we know where it’s going right now LOL
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Mar 12, 2020 15:48
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The price of Bitcoins is crashing SELL SELL SELL I will seriously never get over that loving working.
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Mar 12, 2020 15:51
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poverty goat posted:if we'd all touched the poop in the first bitcoin thread we would all be rich! stinking rich?
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Mar 12, 2020 16:07
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And there are plenty of non-child-porn securities that jumped up in price in the interim. You could have brought Apple, or Tesla or Shopify and made out like bandits. You could have invested in an asset that doesn't trigger a billion audits. You could have done it without fear that your investment will literally disappear into the dark because of someone loving up something as basic as forgetting to buy persistent storage on their Amazon cloud server. You could have done it that doesn't cause dozens of tax-triggered events leaving you holding a tax bill that you can't pay because you don't understand cost-basis and transactional tax liability. Were I prescient I'd rather have a lottery ticket, at least that enables me to keep straight a few numbers and then I'm assured payment by an entity that can pay.
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Mar 12, 2020 16:10
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Fleetwood Crack posted:For a currency ten years is still extremely new. When the first bitcoin block was mined, the euro was as old as bitcoin is today. I'd say the Euro was larger in 2010 than bitcoin is today. Heck, in 2010 I could buy goods and services with euros. Aside from drugs and weapons!
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Mar 12, 2020 16:13
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I love bitcoin
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Mar 12, 2020 16:14
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mojo1701a posted:The price of Bitcoins is crashing SELL SELL SELL it didn't, the price was already going down when someone posted that
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Mar 12, 2020 16:22
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Party Boat posted:In a crisis, people liquidate assets. What does that have to do with bitcoin?
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Mar 12, 2020 16:29
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aw bitcoinity froze i was hoping to kill my time this afternoon watching the number plummet
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Mar 12, 2020 16:31
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When bitcoin was new even a lot of the coiners themselves didn't take takes like "1 million by 2020" seriously. Some people had those takes but they weren't really the majority. Mark's fake buy walls, automated wash trades and convenient outages (what Robinhood is doing right now, in fact) were absolutely small potatoes compared to the unmitigated unironic unpredicted fraud scheme turbo-mode known as Tether, which came later.
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Mar 12, 2020 16:38
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The real problem with the idea of "what if I'd bought bitcoins 8 years ago" isn't that you might have had them lost or stolen, it's that you'd be infected with major brainworms by now. You wouldn't be cashing them out at $10k and laughing about how your let's play bitcoin forum joke turned into a big windfall. you'd be hodling them and raving about the impending collapse of the fed and our need for purestrain gold you'd be the guy with millions in bitcoins (on paper) who wanted a secret tunnel under his basement and killed the kid doing the digging you'd be ghosTTy plowing money into wack altcoin derivatives and losing it all
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Mar 12, 2020 17:55
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Klyith posted:The real problem with the idea of "what if I'd bought bitcoins 8 years ago" isn't that you might have had them lost or stolen, it's that you'd be infected with major brainworms by now. You wouldn't be cashing them out at $10k and laughing about how your let's play bitcoin forum joke turned into a big windfall. Did I miss this somewhere if its true 
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Mar 12, 2020 17:57
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Motronic posted:What does that have to do with bitcoin? rear end-ets = butt-coin
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Mar 12, 2020 17:57
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EorayMel posted:Did I miss this somewhere if its true https://www.usatoday.com/story/news/2019/06/17/fire-tunnels-nuclear-bunker-millionaire-awaits-sentencing/1475406001/ https://www.baltimoresun.com/news/crime/bs-md-nuclear-bunker-fire-20190617-story.html
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Mar 12, 2020 18:05
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"That sounds incredibly stupid, you can't be explaining it right."
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Mar 12, 2020 19:10
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A lot of people seem to be jumping in the thread because the number go down. Please remember: Bitcoin is for two types of people: 1 - stupid people. These are people who have no idea what bitcoin is and how much damage is is causing the environment. 2 - assholes. They don't give a poo poo about anyone but themselves. They happily take advantage of the stupid people. That's it. Bitcoin is not an investment. It's not a thing at all. It's the stock market at its absolute worst. There is no company that is being propped up by the investment. No new warehouses are being built. No workers are being hired. No goods are being produced. Crypto is not the future. It's a thought experiment gone bad. And it's a honeypot for druggies and pedos. Don't buy crypto. Don't be a pedo.
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Mar 12, 2020 19:49
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Somehow I can't shake the feeling that Buttcoin crashing and the hysterical hoarding of toilet paper aren't inextricably linked.
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Mar 12, 2020 19:59
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Waltzing Along posted:A lot of people seem to be jumping in the thread because the number go down. https://twitter.com/drwasho/status/1237957969095974912
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Mar 12, 2020 20:01
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It's good that ebay is banning it. A lot of lovely people went out and cleared out stores of hand sanitizer and then started scalping on Ebay. Ebay is poo poo, too. It basically enabled scalping culture. At least they finally did something about it. Now they just need to stop newer items from being sold above retail.
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Mar 12, 2020 20:04
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