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get that OUT of my face posted:i've seen two bodegas in brooklyn that have a bitcoin atm. i'm not sure why they have them Where? I'd genuinely like to see one
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Feb 24, 2017 20:56
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There's one in Sheepshead Bay, by the subway
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Feb 24, 2017 21:17
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TheWeepingHorse posted:There's one in Sheepshead Bay, by the subway This is surely a metaphor for bitcoins ease of use for the average money-carrying human
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Feb 24, 2017 21:23
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sweet mustards are really only good for pretzels if you think hard enough its an analogy about bitcoins
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Feb 24, 2017 21:37
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Toadvine posted:This is surely a metaphor for bitcoins ease of use for the average money-carrying human LOL if you don't just pay for everything by swiping your debit card but instead hand over actual notes and coins like this is the 1950s
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Feb 24, 2017 21:40
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I like money
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Feb 24, 2017 21:40
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when I was a kid my dad always kept ketchup in the fridge so I always thought that the purpose of ketchup was to cool down hot food
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Feb 24, 2017 21:44
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Lunixnerd posted:LOL if you don't just pay for everything by swiping your debit card but instead hand over actual notes and coins like this is the 1950s Sometimes the pot shops won't take cards. 
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Feb 24, 2017 21:46
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bit coins have very little liquidity, much like a GOOD  whole grain mustard
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Feb 24, 2017 21:55
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Enfield posted:its amazing and shpuld be used in everything... tuna salad, potato salad, hot dogs, burgers, bbq sauce, you name it Enfield posted:i disagree, and think its amazeballs these are just a couple of concise statements they aren't "ramblings" at all gently caress you
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Feb 24, 2017 22:01
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Three Olives posted:No one said you couldn't make money with Bitcoins or that their value would not go up, what we said is that the entire system is fundamentally flawed, has no inherent value and everyone involved in it hand waves away how fundamentally broken and unfixable it is as a currency or a way to store value. Beanie Babies used to be a great investment too and let's not forget tulip mania. The other issue is that even more so than with something like stocks or bonds the value of bitcoins is highly theoretical. We know what the value is supposed to be but part of why that value is so strong is that no one not doing highly illegal stuff has any reliable way to remove large amounts of money from the system. If I have a million dollars in stocks and I sell all of them off, I might cause the price of that stock to plummet, but I'm also probably still going to be able to sell my stocks and get paid before that happens. No one really knows what happens when someone tries to cash out of a large bitcoin sum because there's no way other than purchasing fantastical quantities of illegal products to actually do that. No exchange has enough money on hand to give you more than a few grand, and so there's not an actual way to acquire the money from your large cash investment. The best you could do is to go through the arduous process of buying and selling tens of thousands of dollars in Steam games or a similar method and that's not really a feasible option. Part of why bitcoin is rising is because this attribute makes it extremely good for doing crime. If the only way you can cash out of the system is by committing more crimes, IE buying more drugs, then you are tied to the system to get value from it. That means that unlike in the real world if I front you a million dollars to buy cocaine I don't have to worry about you betraying me to the feds and then skipping the country with the cash because no matter where you go the only way for you to gain value from the million dollars in BTC is to spend it on more drugs, implicating yourself in a crime and because you're guilty in a crime you're unlikely to sell out other criminals. The fact that all the groups who have the resources to cash you out for real money are tied to organized crime means that you can either heavily and secretly control the exchange rate (many think tanks theorize that the actual exchange rate for BTC to real money if you're getting it from people who can actually cash you out for tens of thousands is astronomically lower than the "real" exchange rate) and you can control who's allowed to cash out. This means you have normal people not tied to crime who are essentially propping up the currency by investing it while having no realistic way to get their money, basically making it so outside people with no input are acting as investors in your drug business.
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Feb 24, 2017 22:01
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I'm a bitcoin millionaire - want me to show you my steam library?
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Feb 24, 2017 22:02
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Lunixnerd posted:LOL if you don't just pay for everything by swiping your debit card but instead hand over actual notes and coins like this is the 1950s are you an actual baby? the transition to nearly all big business accepting cards was like 1994-2002, you gen-z piece of poo poo
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Feb 24, 2017 22:02
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*tries to sell 3 bitcoins, market crashes*
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Feb 24, 2017 22:10
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Nolan Arenado posted:Sometimes the pot shops won't take cards. yeah only drug addicts use cash in the current year we should ban cash to cut down on crime
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Feb 24, 2017 22:11
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Captain Gordon posted:http://www.usatoday.com/story/tech/talkingtech/2017/02/23/crytpocurrency-bitcoin-all-time-high-116359/98315128/ You would have sold them for 30 bucks each and spent it on gay hookers and gotten aids and died so really goons saved your life if you think about it.
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Feb 24, 2017 22:24
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Lunixnerd posted:LOL if you don't just pay for everything by swiping your debit card but instead hand over actual notes and coins like this is the 1950s I still gotta buy weed and dollar slices get off my nuts
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Feb 24, 2017 22:28
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To be fair I only heard about bitcoins by the time you needed a mining rig and weeks of processing power and electricity to mine one bitcoin so it was really my fault, I suppose Much like everything else in my lovely life It's all... my... fault... I'm a worthless piece of poo poo... why am I still alive... loving unlovable piece of poo poo... worse than the sludge at the bottom of an old sewer full of rats... that's me... gently caress I hate myself so much and I hate anyone who would love me 
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Feb 24, 2017 22:52
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There is a matress store called Best Sleep Centre near my work who advertises they accept bitcoin for payment. I learned I could buy a bed that folds into a chest. What a wild world we live in!
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Feb 24, 2017 23:03
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i dont trust any money i cant put in a strippers g-string tbh
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Feb 24, 2017 23:42
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I bought 15 $99 copies of Diablo 3 collectors edition and sold them a year later for quadruple. Goons said buying that many was a bad idea it was 2 years later actually Fauxtool fucked around with this message at 02:15 on Feb 25, 2017 |
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Feb 25, 2017 01:56
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Fauxtool posted:I bought 15 $99 copies of Diablo 3 collectors edition and sold them a year later for quadruple. Goons said buying that many was a bad idea
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Feb 25, 2017 02:16
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I'm considering buying some bitcoin bars to safeguard my assets http://www.ebay.com/itm/BitCoin-Bars-Set-of-10-1-2-pound-999-New-copper-bars-Total-5-Pounds-/371719467091
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Feb 25, 2017 02:52
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why goons were wrong about bitcoin: as it turns out, a stupid cryptocurrency backed solely by math, drugs, and the dreams of randian turbo-spergs is still a better option than what's available in some of the more hosed-up countries in this world
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Feb 25, 2017 03:04
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El Estrago Bonito posted:The other issue is that even more so than with something like stocks or bonds the value of bitcoins is highly theoretical. We know what the value is supposed to be but part of why that value is so strong is that no one not doing highly illegal stuff has any reliable way to remove large amounts of money from the system. If I have a million dollars in stocks and I sell all of them off, I might cause the price of that stock to plummet, but I'm also probably still going to be able to sell my stocks and get paid before that happens. No one really knows what happens when someone tries to cash out of a large bitcoin sum because there's no way other than purchasing fantastical quantities of illegal products to actually do that. No exchange has enough money on hand to give you more than a few grand, and so there's not an actual way to acquire the money from your large cash investment. The best you could do is to go through the arduous process of buying and selling tens of thousands of dollars in Steam games or a similar method and that's not really a feasible option. Part of why bitcoin is rising is because this attribute makes it extremely good for doing crime. If the only way you can cash out of the system is by committing more crimes, IE buying more drugs, then you are tied to the system to get value from it. That means that unlike in the real world if I front you a million dollars to buy cocaine I don't have to worry about you betraying me to the feds and then skipping the country with the cash because no matter where you go the only way for you to gain value from the million dollars in BTC is to spend it on more drugs, implicating yourself in a crime and because you're guilty in a crime you're unlikely to sell out other criminals. The fact that all the groups who have the resources to cash you out for real money are tied to organized crime means that you can either heavily and secretly control the exchange rate (many think tanks theorize that the actual exchange rate for BTC to real money if you're getting it from people who can actually cash you out for tens of thousands is astronomically lower than the "real" exchange rate) and you can control who's allowed to cash out. This means you have normal people not tied to crime who are essentially propping up the currency by investing it while having no realistic way to get their money, basically making it so outside people with no input are acting as investors in your drug business. Did you say that maybe.. regulation is good? No way
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Feb 25, 2017 03:17
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OP i dunno what the fallacy you're committing is called but the fact is you're a lot more likely to have been that guy who got brain damage from his coin farm or one of the millions of suckers hacked and their coins stolen than the man who cashed his coins years later for a solid profit
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Feb 25, 2017 03:31
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Has anyone said buttcoin yet?
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Feb 25, 2017 03:35
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I think I actually had like £20 worth of bitcoins in mt.gox when they absconded with the money, but it was like 5p when I got them. I got some emails about bankruptcy but it seemed like too much effort to bother with.
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Feb 25, 2017 03:37
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I don't understand how bitcoins work.
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Feb 25, 2017 03:39
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I like bit coins and I cannot lie you other autists can't deny when a sperg walks in with a weird mining rig and a dumbass get rich plan you get sprung
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Feb 25, 2017 03:41
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I tried to use a bitcoin atm once and then it asked for my ID and I thought, whats the point?
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Feb 25, 2017 03:41
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I had dozens of bitcoins but I traded them for drugs don't do cryptocurrency kids
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Feb 25, 2017 03:48
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What kind of crazy person buys drugs on the internet?
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Feb 25, 2017 03:50
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Bareback Werewolf posted:What kind of crazy person buys drugs on the internet? guesses based on my experience buying drugs irl, & observations about the sorts of people who couldn't figure out how to do that: people who don't work in restaurants/bars/nightclubs people who look like cops social cripples with no friends
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Feb 25, 2017 04:25
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Post random trivia about bitcoin that make you laugh. Bitcoin burns over 400 megawatts of electricity to operate. Bitcoin achieves throughput of 4 to 10 transactions per second. A coal fired power plant must burn 53KG (118lbs) of coal per second to produce 400 megawatts. This means every single bitcoin transaction weighs in at a minimum of 5KG (12lbs) of coal burned. It is one of the least efficient systems ever designed by mankind.
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Feb 25, 2017 05:02
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Except the bitcoins are worth WAY more than the coal which means that bitcoin is creating value 
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Feb 25, 2017 05:16
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Rutibex posted:how much heroin are you looking for? I wonder if Glasgow has a high number of Bitcoin users and can you buy buckfast with them?
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Feb 25, 2017 05:23
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OMGVBFLOL posted:guesses based on my experience buying drugs irl, & observations about the sorts of people who couldn't figure out how to do that: This is the truth, I mean jesus christ, who can't find drugs? There has to be something seriously wrong with you if you can't find drugs without turning to an internet papertrail.
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Feb 25, 2017 05:31
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Spatial posted:Post random trivia about bitcoin that make you laugh. lol
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Feb 25, 2017 05:34
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The core technology of bitcoin is a cryptographically verifiable record of all transactions which is accessible to everyone. Despite this its adherants often claim it is completely anonymous.
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Feb 25, 2017 05:42
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