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vortmax posted:I think that's the feeling of the Tether printer going brrrrrrrrrr Or it's the gorilla.
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Dec 18, 2020 20:35
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I kinda wonder how the people buying drugs feel. Like, on the one hand they've gotta put in a bit more USD now because the transfer fees cost more in terms of USD, but then again if they have any leftover BTC it's worth more USD (and thus, more drugs) for future purchases.
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Dec 18, 2020 21:09
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LanceHunter posted:I kinda wonder how the people buying drugs feel. Like, on the one hand they've gotta put in a bit more USD now because the transfer fees cost more in terms of USD, but then again if they have any leftover BTC it's worth more USD (and thus, more drugs) for future purchases. Today. Another crash is coming soon and then all that $$ is gone.
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Dec 18, 2020 21:19
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In theory, drug users should buy no drugs now cause if number goes up, they could buy more drugs tomorrow But the same would be true tomorrow, and the next day, and...... Hmm maybe this isn't a very good currency after all! Bitcoin accidentally solves drug abuse by replacing it with chasing a different dragon
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Dec 18, 2020 21:35
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nah, if we are talking in the context of drug abuse/addicts then it either At loss, Makes them lose or not have access to all their money, so they need to get dangerous to get a fix At neutral, Provides them easy access to drugs so they abuse harder. At profit, Makes them make a bunch of money, so they get ultra hosed up. In the drug context, Bitcoin was only ever useful for bespoke artisanal recreational drug use. Hard to find local or generally rare items and bulk stock of regular ones. It still provided a complete history of every transaction and led to a bunch of people getting busted. I'm sure you can use Tor to make contacts and get the same thing with regular funds. Rectal Death Adept fucked around with this message at 21:49 on Dec 18, 2020 |
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Dec 18, 2020 21:47
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the darknet markets are switching to Monero as preferred currency anyway.
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Dec 19, 2020 05:13
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Soap Scum posted:the darknet markets are switching to Monero as preferred currency anyway. all cryptocurrencies are more or less dependent on bitcoin’s value changes so the same questions still apply
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Dec 19, 2020 05:21
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Anyone say buttcoin yet?
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Dec 20, 2020 07:37
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George H.W. oval office posted:Anyone say buttcoin yet? not that i know of. is there such a word? it seems implausible.
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Dec 20, 2020 12:51
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https://twitter.com/elonmusk/status/1340588909974200321 BITCOIN IS CRASHING SELL SELL SELL
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Dec 21, 2020 00:03
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ironically if btc had stayed at a static ~$10 a piece it would probably be a fairly usable and accessible alternative currency at this point. in the universe where all goons DID buy bitcoin, instead of making fun of it, it can be used to buy cheetos and mtnDEW wholesale from the manufacturer.
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Dec 21, 2020 00:16
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if btc had stayed at $10 a piece a lot of places that no longer accept it still would, and a lot more places might accept it than currently do without the intermediary fakeness rip meze grill
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Dec 21, 2020 00:27
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But guys this way it can break capitalism and usher in a new age! The value will increase forever because I know how numbers work! All good currencies have a transaction rate limit that you can count on two hands!
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Dec 21, 2020 10:53
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Rectal Death Adept posted:nah, if we are talking in the context of drug abuse/addicts then it either im super curious what you are basing most of this on, apart from the transactions being recorded on the blockchain and people getting busted?
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Dec 21, 2020 11:02
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https://www.youtube.com/watch?v=XuevUmShv0QRectal Death Adept posted:One thing I don't get is if Price Go Up = Intrinsic Value then how can true believers ignore something like penny stocks. The ONLY argument anyone ever has for the majesty of bitcoins is that they are worth more money than they used to be. They have proven to be useless when the blockchain tries to actually process their trades, requiring exchanges to bypass it completely to allow for the actual high speed gambling that drives the price, and they are used to buy illegal goods in extremely traceable ways which is inferior to cash. Also, I made a discord: https://discord.gg/BfRuutn2cJ ComeOnInGoons fucked around with this message at 14:20 on Dec 21, 2020 |
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Dec 21, 2020 14:17
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ComeOnInGoons posted:https://www.youtube.com/watch?v=XuevUmShv0Q Bicoin, famously brought into the mainstream by Ross 'Peace and Love' Ulbricht ordering a hit with them 
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Dec 21, 2020 15:01
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was 6 discords not enough?Bacon Terrorist posted:Bicoin, famously brought into the mainstream by Ross 'Peace and Love' Ulbricht ordering a hit with them also see Bruce "Pure Unconditional Non-judgmental Love Man" Wagner, who strangely had the exact same kind of age of consent issues Seraph did
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Dec 21, 2020 15:09
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Somfin posted:But guys this way it can break capitalism and usher in a new age! The value will increase forever because I know how numbers work! All good currencies have a transaction rate limit that you can count on two hands! Capitalism is, like, only in our brains, man. To break capitalism we just need to break our brains.
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Dec 21, 2020 15:12
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ComeOnInGoons posted:Bitcoin isn't just about money. It's about creating a less violent, less authoritarian world. Then why do you spend so much time bragging about your fake wealth and so little of that wealth helping others
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Dec 21, 2020 16:17
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Crime on a Dime posted:im super curious what you are basing most of this on, apart from the transactions being recorded on the blockchain and people getting busted? what am i basing the behavior of drug addicts on? the way they act when they want drugs?
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Dec 22, 2020 00:36
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 https://markets.businessinsider.com/currencies/news/bitcoin-price-volatile-after-record-breaking-surge-ledger-hack-2020-12-1029911258
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Dec 22, 2020 03:33
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I think it's a bit early for that. Once it goes below 10k again, maybe. I mean, it's still higher than it was just a few days ago.
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Dec 22, 2020 03:37
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If it does another 6% plunge tomorrow then it's time to really put some velocity on that coaster, because then idiots who jumped in will start thinking they got taken for a ride (they are). Unironically, smarter brains are predicting a drop of 20-30% or more around end of December/early January based on how quick the price rose, it's overbought, so it's overvalued severely. If idiots who jumped in get panicky then it can oversell and then plunge off a cliff where it suddenly loses 60% of its "value", and then the popcorn comes out. orange juche fucked around with this message at 03:56 on Dec 22, 2020 |
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Dec 22, 2020 03:40
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The SEC has sued Ripple Labs, XRP is in the toilet, and exchanges are already delisting it.
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Dec 23, 2020 00:55
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divabot posted:The SEC has sued Ripple Labs, XRP is in the toilet, and exchanges are already delisting it. This is good for bitcoin because
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Dec 23, 2020 01:15
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Also, paypal and cashapp both tried to sell me buttcoins today when I unlocked my phone to check my text messages. I can't wait for butts to crash hard so that stops.
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Dec 23, 2020 01:19
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orange juche posted:This is good for bitcoin because The government has decided it is a security, thus your money is secure in it. duh. wrap it up nocoiners
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Dec 23, 2020 01:19
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Ripple was always one of my favorite cryptocurrencies. See Ripple is a company with plenty of bank partnerships. Bank Of America, American express among others. These partnerships were because of the company developing technology for digital money transfers between banks. Ripple, the cryptocurrency distributed by this company, has literally nothing to do with any of that. Yet it's price continued to skyrocket every time the company announced a new development with the actual work it was doing that was completely unrelated to the useless cryptocurrency it also distributed. Everyone flooding into XRP and turning into true believers where they defend it against all criticism while extolling it's virtues simply because they assumed the cryptocurrency=the company were a barometer for the overall stupidity of the cryptocurrency true believer demographic and the forces they exert on the market. If they are stupid enough to turn this into a top 5 cryptocurrency, with supposedly a fifty to one hundred billion dollar market cap for no reason then they are definitely going to put upward pressure on the price of something equally as useless as bitcoins. This is also one of the cases where buying stock in the company would make more sense. Stock would at least be related to the actual company activities and advances. With the cryptocurrency you may as well be buying the CEO's discarded trash bags. Yeah it's technically something the company is putting out, so if the company does well then the discarded trash must be doing better. Therefore one bag of trash = $10,000 so the market cap of the CEO's trash is fifty trillion dollars. Rectal Death Adept fucked around with this message at 06:22 on Dec 24, 2020 |
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Dec 24, 2020 06:15
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it's even better than that - they didn't have those products originally. They only had the XRP. The entire thing of selling a few million dollars' software to banks was a promotional scheme for XRP. This is detailed in the SEC complaint.
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Dec 24, 2020 13:20
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Rectal Death Adept posted:Ripple was always one of my favorite cryptocurrencies. This is basically Tesla stonks right now as well. They've sold a miniscule amount of cars, have some known quality and teething issues, but are, on market capitalisation, ThE bIgGeSt CaR cOmPaNy In ThE wOrLd!!! All you have to do is convince white people to invest.
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Dec 24, 2020 22:42
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The End posted:This is basically Tesla stonks right now as well. They've sold a miniscule amount of cars, have some known quality and teething issues, but are, on market capitalisation, ThE bIgGeSt CaR cOmPaNy In ThE wOrLd!!! I like how in the new Teslas it is impossible to open the back doors if the power fails. The earlier models had hidden cables or levers to open them, but the new ones don't even have a Rube Goldberg emergency exit option.
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Dec 24, 2020 22:47
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The End posted:All you have to do is convince white people to invest. Well, duh. We have all the money!
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Dec 25, 2020 01:18
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Tesla's P/E ratio is 1,311 lol
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Dec 25, 2020 01:22
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The End posted:This is basically Tesla stonks right now as well. They've sold a miniscule amount of cars, have some known quality and teething issues, but are, on market capitalisation, ThE bIgGeSt CaR cOmPaNy In ThE wOrLd!!! Ingredients for getting white people investments:
I miss anything?
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Dec 25, 2020 02:00
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John_A_Tallon posted:Ingredients for getting white people investments: A nebulous evil enemy that you can claim is behind any and every attack on you (the fossil fuel industry for Tesla, the (((bankers))) for bitcoin).
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Dec 25, 2020 02:04
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orange juche posted:This is good for bitcoin because https://www.youtube.com/watch?v=sqcLjcSloXs Rectal Death Adept posted:If they are stupid enough to turn this into a top 5 cryptocurrency, with supposedly a fifty to one hundred billion dollar market cap for no reason then they are definitely going to put upward pressure on the price of something equally as useless as bitcoins. Merry Christmas goons!
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Dec 25, 2020 03:05
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the only difference in bitcoin and ripple is that bitcoin has the brand recognition of being the first useless cryptocurrency. All of the idiot wealth being gambled with picks bitcoin 95% of the time because it's the one they have heard of which makes it the most expensive. If any cryptocurrency ever actually has a use it will immediately replace bitcoins as the top coin.
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Dec 25, 2020 03:17
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Rectal Death Adept posted:the only difference in bitcoin and ripple is that bitcoin has the brand recognition of being the first useless cryptocurrency.  You really have no clue what you're talking about, not even a little bit. Ripple is literally a scamcoin, with central points of failure. Now those central points have been attacked, and are, suprise! failing. Rectal Death Adept posted:If any cryptocurrency ever actually has a use it will immediately replace bitcoins as the top coin.
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Dec 25, 2020 03:20
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you realize the technical semantics about ripple being centralized and bitcoin being de-centralized don't mean anything when both of them are identically useless? Nobody gives a poo poo that bitcoin is de-centralized, they care that it is "The Cryptocurrency."
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Dec 25, 2020 03:23
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"That wooden nickel is a scam, but this wooden nickel is legit!"
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Dec 25, 2020 03:26
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