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Crypto Cobain
Jun 17, 2018

by Reene

Flowers for QAnon posted:

This doesn’t answer the question- why did you not buy bitcoin directly?
I can send my btc to my phone or a cold wallet at any time of my choosing. I bought from Coinbase because we're in the middle of a pandemic, which makes face to face meetings more difficult. I live in a city and don't own a car.

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Splicer
Oct 16, 2006

from hell's heart I cast at thee
🧙🐀🧹🌙🪄🐸

Shumagorath posted:

I got probed for pointing this out earlier, but you guys have been taking a C-SPAM poster seriously for weeks now so I feel it's worth repeating.
What on earth makes you think I've been taking him seriously

CampingCarl
Apr 28, 2008




tak posted:

If I'm being honest I am really enjoying the "bitcoins are Marxist, actually" take. At the very least that's a new one for me

The miners must seize the means of block production from the bourgeoisie mining pools
The other bitcoiner who claimed bitcoin was pro-communism or something was Seraph so he is in good company.

Motronic
Nov 6, 2009

Some recruiter posted:

Sent: 4/29/2020 17:01:12
Subject: Motronic, become an engineering leader at FalconX!

Hi Motronic,
 
Hope you have been well. I am reaching out to you with an opportunity to join FalconX, one of the fastest-growing start-ups in fintech! After reviewing your background, I believe you are a great fit to manage their growing Engineering team.

Located in San Mateo, FalconX is a stealth mode digital asset brokerage delivering best-in-class pricing and execution capabilities for institutional traders and investors. Their vision is to grow the digital asset ecosystem 100X by providing industry-leading prime brokerage solutions.

<blah blah blah>

On Thu, Apr 30, 2020 at 7:17 AM, Motronic wrote:
What "digital assets"?  If it's crypto that's a hard no.

Some recruiter posted:

You hit the nail on the head :) It is crypto! Got it. Have a great rest of your day.

orange juche
Mar 14, 2012




Neither of these answer what happens when the internet collapses in a post-apocalyptic society though? How in the gently caress does bitcoin work without the internet? Decentralized Proof Of Work Algorithm means precisely dick when there's no way to communicate a loving terabyte of data or more between individual endpoints that are validating transactions. You can't rely on RFC 1149: IP over Avian Carriers for dealing with conducting transactions with bitcoin or other cryptocurrency in a postapocalyptic world.

Hoard something more useful if you're prepping for the downfall of society, dumbass.

Banks will continue to exist in some form because in the event that society collapses, they will eventually re-establish and create their own currencies as stores of value, likely backed by gold or other valuables they have. Bitcoin is backed by the loving internet, which in the event of a dark ages level event would cease to exist.

orange juche fucked around with this message at 02:20 on May 1, 2020

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo
I prefer all my brokers to operate stealth mode.

Ad by Khad
Jul 25, 2007

Human Garbage
Watch me try to laugh this title off like the dickbag I am.

I also hang out with racists.
“Future global trade needs a super-sovereign currency system under which no single country has the power to freeze the international assets of another country,” is not something I would consider good for bitcoin, especially coming from China, because whatever currency is created to solve this problem, it sure as hell won't be bitcoin and it has the potential to replace bitcoin entirely for doing what it does but better

No serious problem-solver is going to join onto some standard where there already is a bunch of shithead libertarian oligarchs like Tyler Winklevoss and its main claim to fame is selling drugs. They'll make their own, like Canadian banks were going to do years ago but then decided not to because those banks decided their already existing methods for digital payments worked better.

Crypto Cobain
Jun 17, 2018

by Reene

CampingCarl posted:

The other bitcoiner who claimed bitcoin was pro-communism or something was Seraph so he is in good company.
Not surprised I'm not the first, and I won't be the last. There's almost as much overlap between socialism and bitcoin interest as there is between libertarianism and bitcoin.

https://subredditstats.com/subreddit-user-overlaps/bitcoin

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Fleetwood Crack posted:

Not surprised I'm not the first, and I won't be the last. There's almost as much overlap between socialism and bitcoin interest as there is between libertarianism and bitcoin.

https://subredditstats.com/subreddit-user-overlaps/bitcoin

Citing Reddit stats lol. Do you read /r/bitcoin?

Crypto Cobain
Jun 17, 2018

by Reene

orange juche posted:

Neither of these answer what happens when the internet collapses in a post-apocalyptic society though? How in the gently caress does bitcoin work without the internet? Decentralized Proof Of Work Algorithm means precisely dick when there's no way to communicate a loving terabyte of data or more between individual endpoints that are validating transactions. You can't rely on RFC 1149: IP over Avian Carriers for dealing with conducting transactions with bitcoin or other cryptocurrency in a postapocalyptic world.

Hoard something more useful if you're prepping for the downfall of society, dumbass.

Banks will continue to exist in some form because in the event that society collapses, they will eventually re-establish and create their own currencies as stores of value, likely backed by gold or other valuables they have. Bitcoin is backed by the loving internet, which in the event of a dark ages level event would cease to exist.
When did I ever say I was a prepper or a doomer? Please don't project your insane apocalypse fantasies onto me.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Splicer posted:

What on earth makes you think I've been taking him seriously

No one is, we/he are just having fun in the Internet until I or another mod tire of the bs.

Crypto Cobain
Jun 17, 2018

by Reene

Burt Sexual posted:

Citing Reddit stats lol. Do you read /r/bitcoin?
No, that sub is dumb and insane and full of libertarians which I can't stand. Cursed as hell.

Fur20
Nov 14, 2007

すご▞い!
君は働か░い
フ▙▓ズなんだね!
turn on your monitor

Uranium 235
Oct 12, 2004

Fleetwood Crack posted:

I'm curious, are you willing to share how much of that was profit?
however much i withdrew minus 10k

Motronic
Nov 6, 2009

Uranium 235 posted:

however much i withdrew minus 10k

So you didn't have any tax burden. Nice.

Crypto Cobain
Jun 17, 2018

by Reene

Uranium 235 posted:

however much i withdrew minus 10k
:vince:

Uranium 235
Oct 12, 2004

Motronic posted:

So you didn't have any tax burden. Nice.
how did you reach that conclusion?

taxes are calculated after profit

i hired an accountant for the first time ever to handle my taxes. i declared all of my trading profits and paid short term capital gains tax on it. in fact for 2018 i paid quarterly estimated tax! but i underpaid and got hit with a small fee

Uranium 235 fucked around with this message at 02:38 on May 1, 2020

CampingCarl
Apr 28, 2008




Fleetwood Crack posted:

Not surprised I'm not the first, and I won't be the last. There's almost as much overlap between socialism and bitcoin interest as there is between libertarianism and bitcoin.

https://subredditstats.com/subreddit-user-overlaps/bitcoin
You clearly don't know who I am referencing as it is not someone you should be glad to be associated with.

Fleetwood Crack posted:

When did I ever say I was a prepper or a doomer? Please don't project your insane apocalypse fantasies onto me.
Unless bitcoin starts doing all the other things banks do besides just hold money doomsday is the only way it becomes relevant.

Shumagorath
Jun 6, 2001
Bitcoin:

The White Dragon posted:

you might enjoy this link, "why you should eat my rear end"

Flowers for QAnon
May 20, 2019

Fleetwood Crack posted:

I can send my btc to my phone or a cold wallet at any time of my choosing. I bought from Coinbase because we're in the middle of a pandemic, which makes face to face meetings more difficult. I live in a city and don't own a car.

This makes no sense. You think the only way to get actual bitcoin is face-to-face?

Crypto Cobain
Jun 17, 2018

by Reene

Flowers for QAnon posted:

This makes no sense. You think the only way to get actual bitcoin is face-to-face?
Not the only way, obviously. Just my preference. I'm a social person, I enjoy meeting like-minded people and talking to them about shared interests. An in person trade is an opportunity to do that.

Rexxed
May 1, 2010

Dis is amazing!
I gotta try dis!

I hope you like bags of already used gift cards and/or being robbed at gunpoint! It's been a couple of years but I recall the tales of the localbitcoin exchanges being pretty amazing.

Crypto Cobain
Jun 17, 2018

by Reene

Rexxed posted:

I hope you like bags of already used gift cards and/or being robbed at gunpoint! It's been a couple of years but I recall the tales of the localbitcoin exchanges being pretty amazing.
Kind of doubt I'm going to get robbed at gunpoint in the middle of a Starbucks in midtown Manhattan, what with all the cameras and the literal thousands of cops everywhere.

Rexxed
May 1, 2010

Dis is amazing!
I gotta try dis!

Fleetwood Crack posted:

Kind of doubt I'm going to get robbed at gunpoint in the middle of a Starbucks in midtown Manhattan, what with all the cameras and the literal thousands of cops everywhere.

Yeah you're way too smart to be robbed, guy who bought some bitcoin.

Flowers for QAnon
May 20, 2019

Fleetwood Crack posted:

Not the only way, obviously. Just my preference. I'm a social person, I enjoy meeting like-minded people and talking to them about shared interests. An in person trade is an opportunity to do that.

Say why you used coinbase instead of buying actual bitcoin online. You’re dancing around the question.

Crypto Cobain
Jun 17, 2018

by Reene

Flowers for QAnon posted:

Say why you used coinbase instead of buying actual bitcoin online. You’re dancing around the question.
I didn't even know at the time I wasn't actually 'buying' btc in the literal sense. Anyway it makes no difference to me, as I said coinbase allows me to move my holdings off-site at any time of my choosing.

orange juche
Mar 14, 2012



haha coinbase IOU printer go brrr

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Fleetwood Crack posted:

I didn't even know at the time I wasn't actually 'buying' btc in the literal sense. Anyway it makes no difference to me, as I said coinbase allows me to move my holdings off-site at any time of my choosing.

Your btc expertise and financial systems seems substandard

orange juche
Mar 14, 2012



Perhaps you should have researched a bit more before spending 800 filthy fiat dollars on digital tokens that are pinky swear exchangeable for internet pogs

Harry Potter on Ice
Nov 4, 2006


IF IM NOT BITCHING ABOUT HOW SHITTY MY LIFE IS, REPORT ME FOR MY ACCOUNT HAS BEEN HIJACKED

Fleetwood Crack posted:

I didn't even know at the time I wasn't actually 'buying' btc in the literal sense. Anyway it makes no difference to me, as I said coinbase allows me to move my holdings off-site at any time of my choosing.

What did you think you were doing at the time

Shumagorath
Jun 6, 2001
So this is where tether assets come from

Guys getting robbed between Starbucks and their apartments

vortmax
Sep 24, 2008

In meteorology, vorticity often refers to a measurement of the spin of horizontally flowing air about a vertical axis.

Fleetwood Crack posted:

I didn't even know at the time I wasn't actually 'buying' btc in the literal sense.

Coiner has no idea what they're actually buying but "invests" anyway! In other news: bears poo poo in the woods, the Pope is Catholic, water is wet, and Lance Bass is gay! Join us at 11 for all the details.

orange juche
Mar 14, 2012



Shumagorath posted:

'i'm not coined! im not coined!!', i continue to insist as i slowly dry out and transform into a tether asset

This was prescient considering crack accidentally bought tether lol

Crypto Cobain
Jun 17, 2018

by Reene
Enjoy your laughs while you can my friends, cause it ain't gonna last.

I read up on some of the other coiners that came before me, and drat, you're lucky most of them are gone. I'm sure they'd be rubbing it in your faces if they were still here. Some of those guys were telling you to buy at like $300 and you laughed at them then, too.

Even with me, imagine turning down ~180% gains over two months.

Shumagorath
Jun 6, 2001
At least one of them is in federal pen lol

Crypto Cobain
Jun 17, 2018

by Reene

Shumagorath posted:

At least one of them is in federal pen lol
Cool. One who just posted in this thread turned a cool quarter mil in profits, and another from 2015 claims to be a millionaire.

Could've been you. Could still be you, if you let go of your ego and embrace the future.

kas
Sep 9, 2003
I am a snoot.


Shumagorath posted:

At least one of them is in federal pen lol

Also two of the recent bitcoin nuts in these threads before Fleetwood were a child molester, and a guy asking for links to child pornography on the boards. He's in good company it seems.

CampingCarl
Apr 28, 2008




Fleetwood Crack posted:

Cool. One who just posted in this thread turned a cool quarter mil in profits, and another from 2015 claims to be a millionaire.

Could've been you. Could still be you, if you let go of your ego and embrace the future.
We already went over this. Just because people made a profit did not mean the thing is, was, or will be a smart move and this is not specific to bitcoin. People thought the same thing as you, bought bitcoin, and lost money. If there were good ways to short bitcoin I could have been a millionaire too. But that sort of investment is just as flawed for something so unstable and manipulated.

Ad by Khad
Jul 25, 2007

Human Garbage
Watch me try to laugh this title off like the dickbag I am.

I also hang out with racists.
Someone who made a quarter mil by getting in and getting out at the right time and doing it right doesn't bother me. It's the true believer shitheads who insist btc is going to be some new world currency that are the jokes.

I know that if I had gotten in when it was 60 cents I would've ended up with nothing, less than nothing, and there are many many separate different reasons why. But someone who played the system and did well for it even though the system sucks is not someone I'm gonna hate on.

Lots of people make money doing scummy things

Ad by Khad fucked around with this message at 07:16 on May 1, 2020

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Shumagorath
Jun 6, 2001
would you buy a lottery ticket if there was a set of winning numbers and a set where you go to jail

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