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"how could ELON do this to us" howls a cryptobro as his Tesla simultaneously runs out of bitscoin and swerves into oncoming traffic and all the led screens change to a doge meme and number goes down many suffering. such betray
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May 13, 2021 12:04
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I doubt they expected industrial mining facilities and repurposed power plants to be a thing a decade ago. I mean if you're expecting the magic hand to efficiently allocate all these resources, you probably aren't considering what happens when it decides to throw a third of global energy production at computers solving brain teasers.
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May 13, 2021 12:13
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Should we buying into ETH now? In a reddit crypto thread there was a lot of discussion about how ETH is soon going to be switched from proof of work to proof of stake, which is supposed to make a huge impact on the amount of electricity needed to process the next child porn or human trafficing transaction. Maybe then all the "environmentalists" in this thread would lose the moral high ground.
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May 13, 2021 14:40
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InternetJunky posted:Maybe then all the "environmentalists" in this thread would lose the moral high ground. It would prove that they were right to poo poo on it on environmental grounds, so no, no they wouldn't.
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May 13, 2021 14:47
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if crypto could go from "monumentally stupid and environmentally destructive" to just "monumentally stupid" i would not give a poo poo about it anymore tbh
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May 13, 2021 14:47
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I've been making fun of crypto for a lot longer than they've been firing up new coal power plants to power the stupidity. Bitcoin was capped at 8 transactions per second back then and it still is, and it's the number one crypto. The lightning network promises deserve a thread of their own and if you were around for that you'd be questioning whether ethereum really will ever transition to PoS. If the community had switched to one of the more modern (but still not great) cryptos I may have questioned my own beliefs, but given that bitcoin is still #1 I'm pretty happy making fun of lemmings hopping into the ponzi machine Andy Dufresne fucked around with this message at 16:19 on May 13, 2021 |
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May 13, 2021 15:48
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InternetJunky posted:Should we buying into ETH now? In a reddit crypto thread there was a lot of discussion about how ETH is soon going to be switched from proof of work to proof of stake, which is supposed to make a huge impact on the amount of electricity needed to process the next child porn or human trafficing transaction. aw its the motherfucking scarequtos
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May 13, 2021 16:21
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InternetJunky posted:Should we buying into ETH now? In a reddit crypto thread there was a lot of discussion about how ETH is soon going to be switched from proof of work to proof of stake, which is supposed to make a huge impact on the amount of electricity needed to process the next child porn or human trafficing transaction. if you have enough money to buy an entire etherium stake ($152,000 at current price) and enough money that after doing so this represents no more than 10% of your actual net worth, then I would say it's a better thing to do than to go drop $152,000 at a casino, but am not real comfortable putting odds on how much better. If you do not have enough money to buy a stake, then don't spend money on mooncoins that you're not mentally prepared to light on fire. If you have money to light on fire and are comfortable with the ethical implications of betting on crypto vs betting on pharma stocks or whatever, go for it. The Ethereum run up has paid off my RTX 3080 and at present I am working on also paying off the $1400 dishwasher we just got with it, and I believe this may be possible before difficulty explodes too much, but I still think the whole thing is really loving dumb and I do not regret cashing out .1 blocks at half the current price, because yea, it doubled, but it could also have halved in that same timeframe. Owning Some Five Digit Number in loving reserve list Magic The Gathering cards is about all the stomach I have for toxic assets, and, I only ended up in that situation because I held on to cards for a long time and now I am wondering if it's time to just sell them all to build a garage. I think if crypto crashes hard, Magic will crash to some extent, because these two markets are deeply linked, especially old "high value" stuff.
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May 13, 2021 16:32
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I will buy it if they switch to proof of steak.
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May 13, 2021 16:33
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Paladinus posted:I will buy it if they switch to proof of steak. how do I know the steak you have is the SAME steak I transacted to you though
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May 13, 2021 16:49
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Paladinus posted:I will buy it if they switch to proof of steak.  oh great, then this thread will be full of vegans complaining about the moral and ethical problems with crypto
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May 13, 2021 17:02
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InternetJunky posted:Should we buying into ETH now? In a reddit crypto thread there was a lot of discussion about how ETH is soon going to be switched from proof of work to proof of stake, which is supposed to make a huge impact on the amount of electricity needed to process the next child porn or human trafficing transaction. I’m sure all the people being human trafficked for cryptocurrency transactions will thank you for thinking about the environment.
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May 13, 2021 17:10
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Has anyone mentioned Craig Wright is being allowed to move forward with a lawsuit against the bitcoin devs attempting to force them to change the protocol and give him Satoshi's Billions
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May 13, 2021 17:12
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spunkshui posted:I’m sure all the people being human trafficked for cryptocurrency transactions will thank you for thinking about the environment.
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May 13, 2021 17:37
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shame on an IGA posted:Has anyone mentioned Craig Wright is being allowed to move forward with a lawsuit against the bitcoin devs attempting to force them to change the protocol and give him Satoshi's Billions This is much less impactful than you think. Like any change in Bitcoin, miners have to ratify it and the community has to decide that the new version is "the" Bitcoin. This effectively means there are no real changes to Bitcoin. There have already been several forks by people attempting to solve the numerous problems with the system and they all get laughed out of existence. The Craig wright fork would be no different.
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May 13, 2021 17:55
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https://twitter.com/champagnesocia8/status/1392856199889096708?s=19
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May 13, 2021 18:26
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https://twitter.com/bethbourdon/status/1392865275268247561?s=21
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May 13, 2021 18:32
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Craig Wright is the Satoshi of laffs and while i dont think his lawsuit will go anywhere it would be the funniest thing in the world if it does and he wins. so as someone who is long on chuckles i hope that happens
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May 13, 2021 18:34
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we are now able to copy and paste jpgs with zero carbon footprint invest now
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May 13, 2021 18:38
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Your honour I would like to sue the authors of this Wookiepedia page and require them to amend it to say I am the guy who played C-3PO
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May 13, 2021 18:45
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if there's one thing worth less than an early 20's crypto babydaddy it's his Dogecoin by the time the kid is born
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May 13, 2021 19:01
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punishedkissinger posted:if crypto could go from "monumentally stupid and environmentally destructive" to just "monumentally stupid" i would not give a poo poo about it anymore tbh same but, you know, 
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May 13, 2021 19:34
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It would be really funny if all the bitlords got bankrupted by the funny dog money even if it was a net push on global pollution.
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May 13, 2021 20:21
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So, the day after Elon poo-poos Bitcoin, Tether announces they are only 3.9% backed by cash and the DOJ and IRS announce they are investigating Binance.
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May 13, 2021 21:04
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drk posted:So, the day after Elon poo-poos Bitcoin, Tether announces they are only 3.9% backed by cash and the DOJ and IRS announce they are investigating Binance. Wait is that decimal in the right place lol
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May 13, 2021 21:14
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drk posted:So, the day after Elon poo-poos Bitcoin, Tether announces they are only 3.9% backed by cash and the DOJ and IRS announce they are investigating Binance. loving lmao
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May 13, 2021 21:14
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Yes, I actually rounded up to 3.9% The rest is "backed" by dubious, unnamed sources of debt (could be legit, could be nearly worthless). https://amycastor.com/2021/05/13/tethers-first-breakdown-of-reserves-consists-of-two-silly-pie-charts/
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May 13, 2021 21:22
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It might be time to cash out the rest of my shitcoins. I don't know how to calculate taxes when I don't remember when or where I traded for most of them though. Its going to be tricky.
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May 13, 2021 21:32
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What does tether do exactly? People use it to buy bitcoin?
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May 13, 2021 21:32
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drk posted:Yes, I actually rounded up to 3.9% The rest is "backed" by dubious, unnamed sources of debt (could be legit, could be nearly worthless). Haha holy poo poo this is a great ... blog? whatever this is. Like there is no step where they aren't being intentionally dodgy about their finances. And this is "stable" lol
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May 13, 2021 21:32
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drk posted:So, the day after Elon poo-poos Bitcoin, Tether announces they are only 3.9% backed by cash and the DOJ and IRS announce they are investigating Binance. So you’re telling me they haven’t been managing to build $5 billion in cash assets every single month for the last 10 months? But that’s so surprising because they claim they have! I’m waiting for the moment the coiners realize that when they go to cash out they’re going to be offered Tether, not cash. 🤣
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May 13, 2021 22:08
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punishedkissinger posted:What does tether do exactly? People use it to buy bitcoin? You know that scene in Dumb and Dumber where they have spent all the money and they hand over a huge pile of IOUs? I think tether is a bit like that.
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May 13, 2021 22:09
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https://twitter.com/elonmusk/status/1392947696470659072?s=20 Bitcoiners are losing their minds with rage over this and I love it.
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May 13, 2021 22:14
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Andy Dufresne posted:This is much less impactful than you think. Like any change in Bitcoin, miners have to ratify it and the community has to decide that the new version is "the" Bitcoin. This effectively means there are no real changes to Bitcoin. There have already been several forks by people attempting to solve the numerous problems with the system and they all get laughed out of existence. The Craig wright fork would be no different. 
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May 13, 2021 22:19
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punishedkissinger posted:What does tether do exactly? People use it to buy bitcoin? Tether is the rinsebowl for one hand to wash the other.
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May 13, 2021 22:22
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I cannot believe イーロンマスク Īronmasuku made me go bankrupt!!!!! -Someone on reddit
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May 13, 2021 22:24
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strange feelings re Daisy posted:https://twitter.com/elonmusk/status/1392947696470659072?s=20 The man who runs an electric car company finally remembered carbon is bad.
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May 13, 2021 22:34
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Sorry, there are a few people in this thread who don't understand how anything works so I try not to assume!
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May 13, 2021 22:37
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Ccs posted:The man who runs an electric car company finally remembered carbon is bad. It's not bad on mars tho. You can see why he had trouble.
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May 13, 2021 22:38
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I'd be less bothered by Elon if he was a good troll, but he's not. He just seems awful in every aspect.
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May 13, 2021 23:12
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