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Powder keg posted:Bitcoin development is going to continue until humanity no longer
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Jul 26, 2021 19:24
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do you think the dutch had to deal with loud assholes writing and aggressively distributing entire tedious books about how loving awesome tulip bulbs were?
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Jul 26, 2021 19:24
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GhostofJohnMuir posted:do you think the dutch had to deal with loud assholes writing and aggressively distributing entire tedious books about how loving awesome tulip bulbs were? https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/ jesus christ lol
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Jul 26, 2021 19:26
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ymgve posted:12 or 24 words just means the standard way of encoding the recovery key for modern bitcoin wallets. it has no magical implications and if you are an idiot you could just as well use a single word as your recovery key, and watch all your coins disappear within seconds There are some pretty goddamn wild implications though. https://www.gemini.com/cryptopedia/crypto-cold-storage-brain-wallets Powder keg fucked around with this message at 19:38 on Jul 26, 2021 |
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Jul 26, 2021 19:29
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Jul 26, 2021 19:33
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from the loving link Serpah posted posted:That’s not to say that everything about the story is wrong; merchants really did engage in a frantic tulip trade, and they paid incredibly high prices for some bulbs. And when a number of buyers announced they couldn’t pay the high price previously agreed upon, the market did fall apart and cause a small crisis—but only because it undermined social expectations. lol that the article he posted to try and debunk that actually straight up says "Yeah it happened it just didn't destroy the country's economy." So it's a pretty spot on metaphor for buttcoin. A bunch of rich assholes trading a commodity that's far overpriced and if it crashes nothing happens to the economy overall except for a few rich assholes losing money they didn't need anyway.
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Jul 26, 2021 19:39
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Twelve by Pies posted:So it's a pretty spot on metaphor for buttcoin. A bunch of rich assholes trading a commodity that's far overpriced and if it crashes nothing happens to the economy overall except for a few rich assholes losing money they didn't need anyway. https://www.youtube.com/watch?v=eVF4kebiks4&t=31s
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Jul 26, 2021 19:41
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don't be a rectangle?
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Jul 26, 2021 19:45
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ymgve posted:don't be a rectangle?  
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Jul 26, 2021 19:47
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Powder keg posted:So long as you allow this false narrative to influence your decisions, you will be on the wrong side of both history and the single greatest wealth transfer in the history of the world. The only way I could be on the right side of the single greatest wealth transfer in the history of the world is if I worked at a buttcoin exchange taking people's actual money and giving them nothing in return.
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Jul 26, 2021 19:54
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BTC is up like 35% over the past week and from what I can tell it's based off nothing at all. Literally nothing.
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Jul 26, 2021 19:56
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Diva Cupcake posted:BTC is up like 35% over the past week and from what I can tell it's based off nothing at all. Literally nothing.
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Jul 26, 2021 19:58
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you know what would be cooler is if people stopped replying to obvious seraph reregs
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Jul 26, 2021 19:59
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the last signal... posted:you know what would be cooler is if people stopped replying to obvious seraph reregs
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Jul 26, 2021 20:05
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it's an interesting tactic to move on from arguing "my gobal warming black market crime coin is not a speculative bubble" to "speculative bubbles are actually a work of historical fiction"
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Jul 26, 2021 20:07
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the last signal... posted:you know what would be cooler is if people stopped replying to obvious seraph reregs
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Jul 26, 2021 20:07
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Diva Cupcake posted:BTC is up like 35% over the past week and from what I can tell it's based off nothing at all. Literally nothing. Strong Sauce posted:11 hours ago 186million tether went into binance, then 4 hours ago binance just created nearly 60+ million BUSD from thin air and bitcoin suddenly starts climbing hmm very interesting.
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Jul 26, 2021 20:10
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Powder keg posted:So long as you allow this false narrative to influence your decisions, you will be on the wrong side of both history and the single greatest wealth transfer in the history of the world.
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Jul 26, 2021 20:10
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Been enjoying the rhetorical shift towards trying to appeal to lefties lately, because if I were an uber capitalist who believed something you can purchase with usd to be a serious threat to my position, I would simply buy a lot of it so that wouldn't happen
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Jul 26, 2021 20:13
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Don't worry Bitcoin has not shot up due to it being suddenly being Good Actually it's just a short squeeze to tip leveraged receptionists who bought in too late and too stupidly out of their positions and into the money skips of the people who actually control these nested scams. It's just usually accompanied by an Elon tweet to make it less obvious. Single greatest wealth transfer of all time over here!
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Jul 26, 2021 20:18
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I have to love Bitcoin squeezes because it has been years since someone has come in and said "if Bitcoin is so bad why don't you short it?"
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Jul 26, 2021 20:26
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zedprime posted:I have to love Bitcoin squeezes because it has been years since someone has come in and said "if Bitcoin is so bad why don't you short it?"
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Jul 26, 2021 20:26
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It's almost as if the same people saying it's a scam also realize that counterparty risk in an opaque market endlessly manipulated by insiders make it a toxic thing to touch, no matter the direction of the bet!
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Jul 26, 2021 20:28
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Powder keg posted:Correct. Similarly, you could use your computer as a place to store lots of strong magnets. Bad things happen when people don't understand the tools they're using. Imagine keeping your “money” (lol) in a cold wallet that is so completely defective that it looked at crypto and said,”Looks good!” 
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Jul 26, 2021 20:43
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Powder keg posted:extrinsic value. “value” 
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Jul 26, 2021 20:45
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"Extrinsic value," as in: it's worth something only because people decided it's worth something. Just like that filthy fiat system that it's supposed to be disrupting.
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Jul 26, 2021 20:49
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I remember the good ole days of making the phone vibrate off the chair, remote controlled drones and stolen laptops. Bitcoin is just...boring...to me now 
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Jul 26, 2021 20:50
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Please remember that seraph was originally banned for asking serious questions about the age of consent.
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Jul 26, 2021 21:14
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I made money from crypto and still think it is fuckin stupid
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Jul 26, 2021 21:19
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Powder keg posted:No Smithsonianmag.com posted:“Some of the stuff hasn’t lasted, like the idea that God punishes people who are overreaching by causing them to have the plague. That’s one of the things people said in the 1630s,” Goldgar says. “But the idea that you get punished if you overreach? You still hear that. It’s all, ‘pride goes before the fall.’” God punished us for Bitcoin by sending us the Coronavirus.
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Jul 26, 2021 22:35
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Diva Cupcake posted:BTC is up like 35% over the past week and from what I can tell it's based off nothing at all. Literally nothing. AFAIK It went up because Elon made a tweet that he was holding bitcoin forever, something to the effect of "I pump but I never dump~!!".
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Jul 26, 2021 23:15
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Powder keg posted:https://www.tomshardware.com/news/amazon-set-to-accept-cryptocurrency Uh oh, just another pump and dump rumour. https://mobile.reuters.com/article/amp/idUSKBN2EW2HT quote:(Reuters) - Amazon.com Inc on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year.
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Jul 27, 2021 00:39
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Prurient Squid posted:God punished us for Bitcoin by sending us the Coronavirus. I don’t agree with this. Bitcoin is proof-of-stupid bad enough for Yellowstone to wipe us out just so the cockroaches can advance into the dominant intelligent life form. Edit: Lightning Network is even stupider and God may need to cast Earth into the sun to make sure the cockroaches never reinvent Blockchain “technology” in 4 Billion years, too. DerekSmartymans fucked around with this message at 00:42 on Jul 27, 2021 |
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Jul 27, 2021 00:39
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Amazon is probably going to do what all these other "we accept Bitcoin" places are doing: take people's butts for a lovely rate, and sell them off immediately at a proft.
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Jul 27, 2021 02:40
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snorch posted:Amazon is probably going to do what all these other "we accept Bitcoin" places are doing: take people's butts for a lovely rate, and sell them off immediately at a proft. Illuminti posted:Uh oh, just another pump and dump rumour.
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Jul 27, 2021 02:44
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Diva Cupcake posted:BTC is up like 35% over the past week and from what I can tell it's based off nothing at all. Literally nothing. My preferred theory is that reporters asked Tether for comment on the "lol DoJ criminal investigation" story, so it became time for a night of skullduggery and rumors and short liquidations. Because the crypto markets are real and efficient and good. https://twitter.com/Bitfinexed/status/1419667241612759041 https://twitter.com/Tr0llyTr0llFace/status/1419662948566552578
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Jul 27, 2021 02:58
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snorch posted:Amazon is probably going to do what all these other "we accept Bitcoin" places are doing: take people's butts for a lovely rate, and sell them off immediately at a proft. Big businesses have never really "accepted" bitcoin. They just take the actualbux from an exchange that accepts them on their behalf at a premium to the crimecoin bagholders.
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Jul 27, 2021 03:31
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The real winners are always the middlemen.
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Jul 27, 2021 06:35
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Tl;dr: https://youtu.be/Y7pz7CqWTMs
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Jul 27, 2021 08:24
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| # ? May 29, 2024 18:51 |
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Bitcoin cultists really tend to a variation of Thursdayism. Bitcoin will be adopted by institutions next Thursday! Bitcoin will stop being an environmental nightmare next Thursday! The problem with transaction speed with be solved next Thursday! But next Thursday is always next Thursday - it's never this Thursday.
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Jul 27, 2021 08:28
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