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xtal posted:drat HugeGrossBurrito been exercising the index i have never exercised anything in my life that is a lie
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Feb 3, 2021 15:04
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Waltzing Along posted:I disagree about GME having no future. They have no future under their current model. But it's not too late to change. I think this is up for debate (and I found the debate on the last page interesting), but to emphasize kw0134's about the share price being meaningless, the share price over the last week and a half has been utterly meaningless even if you think the company itself has a future. Even in the rosiest scenario one can imagine for GameStop as a business, there is no reasonable financial model or cash flow projection methodology that would ever come close to supporting a $6.4 billion valuation at this point in time (based on the current price of $91/share, as I type this), let alone the absurd $33 billion valuation implied when the price peaked at $480/share last week. Perhaps there is a bullish case to be made for GameStop the company, but that has nothing to do with the last two weeks of activity. The price has become completely disconnected from any plausible future one can foresee for GameStop, good or bad. By exploiting the weird market dynamics caused by hedge funds overshorting the stock, the r/WSB types only succeeded in turning GME into another electronic pog to bid on, where its value has nothing to do with any realistic business model or use case and the only thing that matters is the number on a screen going up.
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Feb 3, 2021 16:58
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Plant MONSTER. posted:what will 150k get you in manhattan?
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Feb 3, 2021 17:12
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GoonInvestmentsLLC posted:is not meant to imply a fallacious attribution of this same bad experience to real coins like BTC and other cryptos with actual utility and scarcity. Because if that is what you were implying, I would have no choice but to call you a clueless moron. ChronoBasher posted:if they lost/locked their wallet or couldn't make a transfer due to some random "ERROR CODE 400" or tried to verify/sign/broadcast their own transactions or couldn't sync their client to the network. I'll be the first to admit I'm pretty clueless about cryptos; but are you saying the points above wouldn't be applicable to BitCoin? Or other AltCoins? My point was these are really bad attributes for a currency. If someone gets locked out of thousands of dollars, and has no recourse, that's not good. People are dumb, and they are not going to make backups.
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Feb 3, 2021 17:45
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ChronoBasher posted:My point was these are really bad attributes for a currency. VvV LOL I was going to say Dozens originally and thought no wait I have to be wrong. FilthyImp fucked around with this message at 18:44 on Feb 3, 2021 |
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Feb 3, 2021 18:30
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FilthyImp posted:Additionally, BitCoin tops out at a couple hundred (?) Transactions per second when used as an actual currency. That's laughably bad. It's 7
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Feb 3, 2021 18:40
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"There's no way it's that dumb, you must be explaining it wrong"
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Feb 3, 2021 19:03
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I think I worked out out one time that the amount of transactions that bitcoin can do in a year is the same as the amount of credit card transactions made in just the US alone. In 4 hours.
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Feb 3, 2021 19:11
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Splicer posted:Ahahahaha no Out of curiosity, I just looked up the real-time NASDAQ trading data for GME and AMC, and based on eyeballing the timestamps shortly after 1pm Eastern on a Wednesday, those symbols seem to be trading somewhere between 2-5 trades/second and 3-12 trades/second, respectively.
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Feb 3, 2021 19:12
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Splicer posted:Ahahahaha no 7 is also a theoretical maximum, it's going to be lower most of the time. Blotto_Otter posted:Out of curiosity, I just looked up the real-time NASDAQ trading data for GME and AMC, and based on eyeballing the timestamps shortly after 1pm Eastern on a Wednesday, those symbols seem to be trading somewhere between 2-5 trades/second and 3-12 trades/second, respectively. Another important thing to understand is that Bitcoin isn't processed every second, but about every 10 minutes. Saying it has a theoretical maximum of 7 transactions per minute is misleading. And to be reasonably certain your transaction has been processed and isn't in a side chain that atrophies, you need to wait for at least three blocks.
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Feb 3, 2021 19:16
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Can you still spend And how there's nothing stopping or proofreading you fat finger swapping the fee with the actual transaction value like that one person did to the tune of 80+ bitcoins as a fee?
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Feb 3, 2021 19:21
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Processing a transaction is a bit like taking a bus to work, except the bus is more like an old minivan and it runs on an aspirational schedule than a real one. Even if you show up at the stop, you might have missed it and have to wait, and sometimes the van's already full and you'll have to wait for the next one but have no idea if you'll be able to embark on that one either. Also the driver might not want to pick passengers up because he's getting paid to drive the route, and the fare collection is really just a bonus so empty vans can drive by without stopping. And you'll get bumped if you're not bribing the driver with enough money. So you'll probably get there, eventually. How long that is can be between 5 to 500 minutes depending on current queue size, how much you're offering in fees, and how good the miners are. Repeat if you need multiple confirmations. Currency of the future!
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Feb 3, 2021 19:34
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Plant MONSTER. posted:what will 150k get you in manhattan? FilthyImp posted:A really sad 1 bed 1 bath with a washer-dryer and a vieeeewwwwww. -https://www.bondnewyork.com/lenox-hill/coop-for-sale/330-east-70th-street-3a/899656/RLS -https://www.bondnewyork.com/carnegie-hill/coop-for-sale/152-east-94th-street-5h/1001928/RLS -https://www.bondnewyork.com/upper-east-side/coop-for-sale/240-east-79th-street-d/1015716/RLS -https://www.bondnewyork.com/yorkville/coop-for-sale/400-east-85th-street-10k/1002769/RLS -https://www.compass.com/listing/205-east-78th-street-unit-7a-manhattan-ny-10075/644130755340791921/ -https://www.compass.com/listing/205-east-78th-street-unit-15a-manhattan-ny-10075/440288933740481217/ -https://www.compass.com/listing/1-gracie-terrace-unit-11j-manhattan-ny- 10028/634165490647925841/ -https://www.compass.com/listing/345-east-73rd-street-unit-phk-manhattan-ny-10021/662449528022704529/ -https://www.compass.com/listing/64-east-94th-street-unit-7g-manhattan-ny-10128/339118407001779681/ FilthyImp posted:Additionally, BitCoin tops out at a couple hundred (?) Transactions per second when used as an actual currency. That's laughably bad. There's a reason Satoshi included included IP2IP payments and payment channels in the initial design. Satoshi understood that this would be an issue for smaller transactions, and in fact predicted the need for second-layer / off-chain solutions such as lightning network: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2013-April/002417.html (USER WAS PUT ON PROBATION FOR THIS POST) (USER WAS PERMABANNED FOR THIS POST)
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Feb 3, 2021 19:40
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EorayMel posted:Can you still spend This was kinda experience with DOGE, fees = faster, but it was very inconsistent. Like sometimes I'd put a fee in that was big, and the transaction would get lost in limbo for like 12 hours, never confirm, and then plot back in the original wallet again. Other times it would go through in a manner of minutes. Even worse, I've still got a small amount stuck in a wallet that I just cant get out because of ERROR 400. It is all just a big mess. Maybe I'm an idiot. BUT to be fair I'm using http://coinb.in/ for transfers and it does warn you when it detects a "large" fee.
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Feb 3, 2021 19:41
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Also I love the lightning network, the toy system that at its heart declares it's trustless, then explicitly uses a BGP equivalent (a trustful protocol) to figure out routing, because doing a version of the Traveling Salesman problem every single transaction is totally a trivially solvable computational task, right? Lightning will solve all of the blockchain's problems (so why are we pitching blockchain as a tool that's gonna take over the world?) and so they're all solved but all its fundamental problems are dismissed as "works in progress" when pointed out.
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Feb 3, 2021 19:59
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The fact that Seraph keeps jumping in with "no really, look at my awesome California-flipper bungalow with $1200 HOA/Maintenance fees and a dryer" as some kind of sick own continues to be hilarious.
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Feb 3, 2021 20:03
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FilthyImp posted:The fact that Seraph keeps jumping in with "no really, look at my awesome California-flipper bungalow with $1200 HOA/Maintenance fees and a dryer" as some kind of sick own continues to be hilarious. If he lived in a multi-million dollar mansion, it would still be incredibly sad to do it. Trying to impress people with your no-bathroom apartment is... something else.
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Feb 3, 2021 20:05
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FilthyImp posted:The fact that Seraph keeps jumping in with "no really, look at my awesome California-flipper bungalow with $1200 HOA/Maintenance fees and a dryer" as some kind of sick own continues to be hilarious. I'm still not convinced he has even that, but maybe if his next rereg gets more than four posts showing 12 or more random article URLs I might reconsider it not Unrelated tangent: sometimes I sincerely wonder about the thought processes of the people who heard about bitcoin one day and all of a sudden decided that this would be the global financial revolution, or even those people's thoughts on economics or the fundamental concept of money before bitcoin happened.
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Feb 3, 2021 20:12
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EorayMel posted:Unrelated tangent: sometimes I sincerely wonder about the thought processes of the people who heard about bitcoin one day and all of a sudden decided that this would be the global financial revolution, or even those people's thoughts on economics or the fundamental concept of money before bitcoin happened. Goodpancakes posted:Where is that economist posting about idiots like Ghostyy making a gamble for status? There are a whole lot of deranged "decentralized cults" on the internet that are explainable by this. The fact that other people point and laugh rather than join in isn't a flaw, it's a positive feature. That just means the chosen few will be even more elite when the Even loving Star Citizen becomes understandable. Star Citizen fans construct fantasies where it becomes the most popular game ever, and every other gamer who didn't buy in like them will have to mop the deck of their $5000 spaceship. If people can fall into delusion and spend thousands on even that very minor amount of status, it's a powerful effect.
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Feb 3, 2021 20:40
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YumNocoinerTears posted:Pictured: some of the “really sad” 1-bed 1-bath co-ops that my Bitcoin investment has made possible for me: in case it wasn't already obvious enough that seraph is a sad deranged liar, it is trivially easy to look up property transfer documents as this is all a matter of public record - anyone who actually owns a house should know this - and sampling a few of these addresses via public records indicates seraph probably owns nothing greater than an extensive funko collection protip, if you do actually own property in the united states, don't ever post the address of any property you on online unless you want people to know your full name Mr. Fall Down Terror fucked around with this message at 21:33 on Feb 3, 2021 |
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Feb 3, 2021 21:29
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Also remember that "not buying in" is a similar meritocratic bait and switch to justify capitalism, and that the death of capitalism in an Utopic sense wouldn't require you to "buy in" or time any sort of market purchase or foresee the future since those things are capitalist constructions of power anyways. If you need to buy in to be successful in some future then I have bad news for the yet-to-be-borns, or the usual impoverished characters with no current agency, and therefore no future agency in this future.
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Feb 3, 2021 22:08
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Mr. Fall Down Terror posted:in case it wasn't already obvious enough that seraph is a sad deranged liar, it is trivially easy to look up property transfer documents as this is all a matter of public record - anyone who actually owns a house should know this - and sampling a few of these addresses via public records indicates seraph probably owns nothing greater than an extensive funko collection i think he's just saying those are places he could afford if he wanted which doesn't address the fact that no one gives a poo poo
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Feb 3, 2021 22:44
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Stefan Prodan posted:i think he's just saying those are places he could afford if he wanted Stefan Prodan posted:which doesn't address the fact that no one gives a poo poo (USER WAS PUT ON PROBATION FOR THIS POST) (USER WAS PERMABANNED FOR THIS POST)
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Feb 3, 2021 23:19
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I like how he's technically not going out on 1 post per rereg now, because now the first post is making GBS threads up ask/tell instead 
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Feb 3, 2021 23:27
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Stefan Prodan posted:i think he's just saying those are places he could afford if he wanted oh lol that's even sadder reaching the stage of bipolar mania where i spam zillow links to dreary windowless bachelor apartments to tout my stunning level of wealth, equivalent to someone in their thirties who has a career Mr. Fall Down Terror fucked around with this message at 23:32 on Feb 3, 2021 |
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Feb 3, 2021 23:30
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Discuss.
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Feb 3, 2021 23:41
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If buttcoin is going to bring about the great revolution and usher in Fully Automated Luxury Gay Space Communism, why would I invest in it? When the revolution comes, all forms of money will be useless. 
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Feb 3, 2021 23:57
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vortmax posted:If buttcoin is going to bring about the great revolution and usher in Fully Automated Luxury Gay Space Communism, why would I invest in it? When the revolution comes, all forms of money will be useless. As is usual for a dogecoin denier, Seraph84 conflates a singularity in the sense of "we can't tell what lays beyond it, nor even really predict it," or perhaps a singularity in the sense of something impossibly dense which the wise buddhas hide from our innocent eyes, with The Singularity, as in the secular rapture where the computers become God and everything is wonderful or possibly destroyed.
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Feb 4, 2021 00:30
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The main idea of the nerd singularity is being able to lord Being Right over your enemies forever, something that appeals to no-one who has actually done anything with their lives
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Feb 4, 2021 04:03
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Somfin posted:The main idea of the nerd singularity is being able to lord Being Right over your enemies forever, something that appeals to no-one who has actually done anything with their lives It's literally just the Rapture.
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Feb 4, 2021 10:19
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Ghost Leviathan posted:It's literally just the Rapture.
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Feb 4, 2021 11:17
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hi seraph, another suggestion for you; if you want to really impress people with how amazing bitcoin really is, buy Platinum for everyone in every thread that you post. I'm honestly surprised that this simple act of altruism hasn't occurred to you. bitcoin is a Ponzi scheme. tango alpha delta fucked around with this message at 15:20 on Feb 4, 2021 |
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Feb 4, 2021 15:18
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Platinum won't impress me. An RTX 3080, on the other hand, would make me a true believer.
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Feb 4, 2021 15:38
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tango alpha delta posted:hi seraph, another suggestion for you; if you want to really impress people with how amazing bitcoin really is, buy Platinum for everyone in every thread that you post. I'm honestly surprised that this simple act of altruism hasn't occurred to you. He also never bought platinum for any of his accounts (except his original and one or maybe two where he very loudly claimed he wasn't seraph) I wonder why
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Feb 4, 2021 17:15
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The singularity is just the Monad in reverse and the belief that everything is just building up to becoming 1 again. Bitcoin will mean nothing when everything is joined again. No need to even worry about it imo
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Feb 4, 2021 18:16
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I thought monads were like burritos
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Feb 4, 2021 18:54
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Well, well, well, isn't that a kick in the monads.
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Feb 4, 2021 19:55
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tango alpha delta posted:hi seraph, another suggestion for you; if you want to really impress people with how amazing bitcoin really is, buy Platinum for everyone in every thread that you post. I'm honestly surprised that this simple act of altruism hasn't occurred to you. I have all the account upgrades I need, but actual platinum (the precious metal) would be acceptable to me. Not holding my breath. Seraph, no offense meant with the following, but it seems pretty clear from everything written by you and about you here that if you ever really do luck onto making money from cryptocurrency, your best investment would not be real estate, but a long course of psychotherapy.
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Feb 4, 2021 21:01
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Fried Watermelon posted:The singularity is just the Monad in reverse and the belief that everything is just building up to becoming 1 again.
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Feb 5, 2021 01:37
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https://twitter.com/_Name_Redacted/status/1357576196578414594?s=19 Headline is technically accurate as he did have a plan for him making money regardless of the market Gobbeldygook fucked around with this message at 12:20 on Feb 5, 2021 |
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Feb 5, 2021 12:13
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