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Zopotantor posted:unfortunately the true believers won’t be stopped by minor obstacles like forgotten passwords or dying SSDs. remember that one rai stone that sank to the bottom of the ocean, but kept being traded. i think i will be happy when the core problem of crypto - energy use - is gone, so honestly let them trade their monopoly money afterwards until the last exchange standing reveals it was run by the feds and everyone gets owned
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Jun 20, 2021 20:08
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Penisface posted:i think i will be happy when the core problem of crypto - energy use - is gone, so honestly let them trade their monopoly money afterwards until the last exchange standing reveals it was run by the feds and everyone gets owned  Not that I'll stop laughing, but the seething hatred for this waste of energy will be gone.
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Jun 20, 2021 20:11
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Penisface posted:i think i will be happy when the core problem of crypto - energy use - is gone, so honestly let them trade their monopoly money afterwards until the last exchange standing reveals it was run by the feds and everyone gets owned the energy and hardware waste of "crypto""currencies" is certainly one of the most odious things about it.
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Jun 20, 2021 20:12
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kw0134 posted:who's to say that any of these coins exist? 
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Jun 20, 2021 21:43
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Alan Smithee posted:what is a miserable little pile of babies hurting me
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Jun 21, 2021 00:59
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https://www.youtube.com/watch?v=HNy_retSME0
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Jun 21, 2021 01:05
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Price is really dropping overnight. Kind of strange an authoritarian government could impact the decentralized currency of the future so much.
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Jun 21, 2021 09:13
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Do miners tend to keep big stocks of coins when the price drops waiting to sell at a higher price? Wondering if the Chinese miners will be dumping lots of coins as part of their shut down
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Jun 21, 2021 09:31
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cheap coins! get them while you can, this is the real ground floor and you’ll die a starving beggar if you don’t invest your life savings within 6 hours!
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Jun 21, 2021 12:36
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https://twitter.com/HellgallopJack/status/1406860317792014337
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Jun 21, 2021 13:10
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mostly accurate, although that's been a crypto talking point the entire time crypto has existed, not just recently
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Jun 21, 2021 15:00
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surely the lightning network will solve that problem though right
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Jun 21, 2021 15:15
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Hammerite posted:mostly accurate, although that's been a crypto talking point the entire time crypto has existed, not just recently yes, the intensity of how ridiculous it is only increases as time passes
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Jun 21, 2021 15:20
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what you don't remember when the internet forked into hundreds of competing internets and everyone involved in them lost their money?
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Jun 21, 2021 15:33
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the internet famously had a huge bubble where loads of useless stuff was touted and everyone lost their money but if you point that out they'll be all "no not like that!"
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Jun 21, 2021 15:34
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Well yeah but then immediately after that there was a second even stupider ongoing boom where the dumbest poo poo makes billions of dollars so maybe not the best example.
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Jun 21, 2021 15:45
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KnifeWrench posted:yes, the intensity of how ridiculous it is only increases as time passes
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Jun 21, 2021 15:50
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china cracking down on miners? this, of course, is a good thing for bitcoin! https://twitter.com/davidmarcus/status/1406918261581750273?s=21 Note: he never explains why it’s good, It Just Is
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Jun 21, 2021 15:54
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Nybble posted:china cracking down on miners? this, of course, is a good thing for bitcoin! infernal machines posted:you'll note, this is actually good for bitcoin because...
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Jun 21, 2021 16:00
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Nybble posted:china cracking down on miners? this, of course, is a good thing for bitcoin! i think its racism
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Jun 21, 2021 16:19
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when the mining stops being centralized in China and starts being centralized in America instead, that's good for bitscoin, because it's becoming less centralized
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Jun 21, 2021 16:21
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Boxturret posted:i think its racism Now now. you know what we think of doxxing around here
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Jun 21, 2021 16:22
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Any day when #buythedip is trending is a good day.
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Jun 21, 2021 16:26
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infernal machines posted:you'll note, this is actually good for bitcoin because... I buy this tbh. The chinese state effectively having control over bitcoin was a strong point against it and the idea that it was "decentralized". It will almost certainly recentralize somewhere, but If it's actually more spread out now, that is good for bitcoin.
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Jun 21, 2021 16:52
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it’ll recentralise in the US because they’ll push that the US isn’t going to ban crypto like those filthy commies, apparently a lot of the chinese mining farms are getting sold in their entirety to american miners
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Jun 21, 2021 16:54
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Nybble posted:china cracking down on miners? this, of course, is a good thing for bitcoin! tbf it's twitter so posting hot takes with no context is the norm
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Jun 21, 2021 17:16
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Jun 21, 2021 17:19
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Really the Chinese government figured out how to drop the carbon emissions by half without reducing transaction rate per second. Other countries should follow
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Jun 21, 2021 17:24
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Hammerite posted:when the mining stops being centralized in China and starts being centralized in America instead, that's good for bitscoin, because it's becoming less centralized It's not in CENTRAL America, checkmate nocoiner 
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Jun 21, 2021 17:32
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wish someone would track daily indexes of USDC and USDT distributions - that whale alert Twitter keeps posting lots of USDC mintings today (30M-80M per)
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Jun 21, 2021 17:37
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The Tether printer has been inactive for a couple of weeks by the look of it.
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Jun 21, 2021 18:34
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https://coinquora.com/doge-branded-as-ponzi-by-federal-reserve-bank-president/ lol and, in fact, lmao
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Jun 21, 2021 19:29
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faxlore posted:https://coinquora.com/doge-branded-as-ponzi-by-federal-reserve-bank-president/  hmbol quote:In other words, DOGE was able to maintain its stability despite the bloody market nowadays. In fact, DOGE was able to sustain its market capitalization to over $30 billion in the face of crypto market wild volatility. I didn't even have to cut that together. Those are consecutive sentences. Shumagorath fucked around with this message at 19:44 on Jun 21, 2021 |
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Jun 21, 2021 19:41
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I'm seeing multiple unconfirmed instances of "ponzi buddy" on the postchain so I'll do the crypto thing of claiming I came up with it.
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Jun 21, 2021 19:57
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nothing says "stability" like up uP UP
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Jun 21, 2021 19:57
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cool av posted:I buy this tbh. The chinese state effectively having control over bitcoin was a strong point against it and the idea that it was "decentralized". cool av
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Jun 21, 2021 20:10
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cool av posted:I buy this tbh. The chinese state effectively having control over bitcoin was a strong point against it and the idea that it was "decentralized". The reason centralization is bad is because of the exact thing that's happening now in China. If it happening is in fact not bad, then centralization is fine I guess?
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Jun 21, 2021 20:13
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are any of y'all getting mad text/robocall spam "account recovery" about coinbase? I'm going to guess that's focused on the 415 area code
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Jun 21, 2021 20:28
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buttcoin: be your owned bank
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Jun 21, 2021 20:29
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Chalks posted:The reason centralization is bad is because of the exact thing that's happening now in China. If it happening is in fact not bad, then centralization is fine I guess? perhaps more accurate to say centralization is self-correcting? make too big of a target and you get shut down. we joke a lot about bitcoiner talking points, but this would appear to be a legitimately resilient aspect of the system, unfortunately
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Jun 21, 2021 20:30
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