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i still have more coins i'm holding onto. some i bought a long time ago when they were like 20usd / a coin and i thought i was stupid for buying them because they were no longer pennies per coin. some i bought a couple of years ago, and some amounts more recently. i've transferred money back to my bank account without any bullshit multiple times. yes i understand the exchange could disappear for any already mentioned reason, but you can mitigate your losses in the unfortunate event of that happening by not keeping too much on there longer than it needs to sit there. no i don't understand 100% of what's going on under the hood of the exchanges of blockchain, and i don't really feel like i need to. you can also get cash by selling them in person locally, if you aren't comfortable with that then just don't do it or let the people with balls have fun. i don't know how else to interpret the rabid opposition toward people who've bought in other than as a projected bitterness of not buying in themselves.
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Oct 12, 2017 22:41
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It's the earnest belief that the stuff they were told about bitcoin was true and that they should avoid it. That it was a scam, that the exchanges would collapse, that you couldn't get your money out. But that was not true. So as it's slowly dawning on them - the process of resolving the disconnect between what they believed and the clear reality emerging that's emerging is painful, and it makes them attack the people pointing out that they were wrong. Life gives you opportunities to make calls about stuff that may happen in the future, some people really suck at making the calls correctly.
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Oct 12, 2017 22:44
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scott zoloft posted:i still have more coins i'm holding onto. some i bought a long time ago when they were like 20usd / a coin and i thought i was stupid for buying them because they were no longer pennies per coin. some i bought a couple of years ago, and some amounts more recently. i've transferred money back to my bank account without any bullshit multiple times. yes i understand the exchange could disappear for any already mentioned reason, but you can mitigate your losses in the unfortunate event of that happening by not keeping too much on there longer than it needs to sit there. no i don't understand 100% of what's going on under the hood of the exchanges of blockchain, and i don't really feel like i need to. you can also get cash by selling them in person locally, if you aren't comfortable with that then just don't do it or let the people with balls have fun. i don't know how else to interpret the rabid opposition toward people who've bought in other than as a projected bitterness of not buying in themselves. Yeah but your sanity seems to be in like the 95th percentile of people heavily into bitcoin, and thus people are wishing you well and not rabid at all.
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Oct 12, 2017 22:45
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scott zoloft posted:"icelandic" food are mostly throwbacks to the foods that were necessary to survive when settling on the island.
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Oct 12, 2017 22:46
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Ham Sandwiches posted:It's the earnest belief that the stuff they were told about bitcoin was true and that they should avoid it. That it was a scam, that the exchanges would collapse, that you couldn't get your money out. But that was not true. So as it's slowly dawning on them - the process of resolving the disconnect between what they believed and the clear reality emerging that's emerging is painful, and it makes them attack the people pointing out that they were wrong. How many transactions do you think happen in an average day, across all monetary systems? Because I have a bet with someone that it's childishly low. 
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Oct 12, 2017 23:00
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Ham Sandwiches posted:It's the earnest belief that the stuff they were told about bitcoin was true and that they should avoid it. That it was a scam, that the exchanges would collapse, that you couldn't get your money out. i am sorry you cant correctly interpret advice or make your own decisions though. sorry. its got something to do with your brain though
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Oct 12, 2017 23:07
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Collateral Damage posted:Search is failing me so I can't find the exact quote, but someone in the Scandinavia thread said that "Nordic food culture is largely based on attempting to preserve food, failing at it, then being so poor you had to eat it anyway." i didn't have the gumption to try any fermented shark but i saw it on a lot of menus. gary oldmans diary posted:your portrayal of past threads is adorable. i hope you write your own history books in your spare time too do you have any bitcoin? or do you have a tumor that causes you to insert yourself into topics that have nothing to do with you?
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Oct 12, 2017 23:14
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scott zoloft posted:do you have any bitcoin? or do you have a tumor that causes you to insert yourself into topics that have nothing to do with you? sorry youre still grudging though. put a little salt on that salt
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Oct 12, 2017 23:17
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is that same tumor the reason you never seem to come off as anything other than tedious and miserable
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Oct 12, 2017 23:19
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i like how when i point out how things you say are stupid all you can come back with "yeah well  y-y-y-you ... you jerk!"like just get less stupid and problem solved didnt you threaten (promise) to leave until btc was "worth" $7000?
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Oct 12, 2017 23:21
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like... just get less stupid..! 
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Oct 12, 2017 23:30
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now youre getting it. let that sink in. really wrap your head around it
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Oct 12, 2017 23:33
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has anyone said...bitcoin?
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Oct 12, 2017 23:34
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Djeser posted:has anyone said...bitcoin? hmmm wait i wait-- hm
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Oct 12, 2017 23:35
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i may need someone more experienced with finance to help me here
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Oct 12, 2017 23:38
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Ham Sandwiches posted:It's the earnest belief that the stuff they were told about bitcoin was true and that they should avoid it. That it was a scam, that the exchanges would collapse, that you couldn't get your money out. But that was not true. So as it's slowly dawning on them - the process of resolving the disconnect between what they believed and the clear reality emerging that's emerging is painful, and it makes them attack the people pointing out that they were wrong. actually, it's the fact that even though this one guy is having a great time, his money is coming literally directly from other poor suckers buying his old raffle tickets at hugely inflated prices, and that at some undetermined future point the whole thing will come tumbling down. zoloft, congratulations on wandering into the circus when it was under construction and getting out before the big top collapses on the crowd
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Oct 12, 2017 23:40
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Stealthgerbil posted:God job actually cashing out into something useful. Someone could have millions of tokens of a cryptocurrency but none of it matters if they cant trade their virtual tokens for actual real money. But what if they were just going to spend that money on bunk acid and the arms trade?? Huh? Cuts out the middle man. Learn economics, kid
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Oct 13, 2017 02:37
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lol bitcoin is at 5700 now
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Oct 13, 2017 03:36
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funny idea: a crash cycle that Bitcoin doesn't recover from after a global clampdown on illegal transactions
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Oct 13, 2017 03:39
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Djeser posted:has anyone said...bitcoin? Djeser posted:hmmm wait i Djeser posted:i may need someone more experienced with finance to help me here More like bitCON Because it cons people into putting money into exchanges that they're ,very unlikely to get out of again, you see.
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Oct 13, 2017 03:42
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Bitcoin is better than the US dollar. The dollar is a based upon an ancient and dying hierarchical system, while bitcoin is a democratic network. Software adapts. Over-engineered fiat scrip based on thousands of interweaving social contracts and hundreds of bad assumptions does not (can not) adapt. There's a lot of misconceptions in the community about how bitcoin should proceed in the here and now. For example many bitcoiners seems to think that face to face transactions should be pushed first, as if the application where Bitcoin enables the tiniest marginal benefit should be trumpeted most loudly. Contrast this with online purchases, where Bitcoin lets you buy from merchants who might not have sophisticated security to prevent your identity and payment data from being stolen (see Ashley Madison). Then think of embarrassing purchases, purchases from unbanked countries, purchases where anonymity is an issue (VPNs), and illegal purchases. Now we are talking serious utility relative to the other options. Furthermore, any financially solvent person who is serious about their ethical principles ought to be hoarding Bitcoin out of principle. To anyone who still entertains this notion that Bitcoin is a currency right now, let me explain something: Currency requires currentness. Currentness means that it is generally accepted. If Bitcoin were generally accepted, the price would be at least $100,000 per coin already. So how does Bitcoin proceed? Certainly not from brick and mortar adoption, nor even from Amazon adopting it. It starts with the applications where it can provide the highest marginal benefit: black markets, evading capital controls, hiding/"offshoring" wealth, other "store of value" applications, etc. Then as these have driven the price higher the infrastructure follows and then in myriad incremental (and sometimes sudden) ways new applications become feasible and are invented. VPNs, porn, remittances, and a mix of the familiar and radically new prospects that everyone here is familiar with. All this happens in a virtuous cycle with price, mining, venture capital investment, infrastructure rollout, increased trust, better image, better user-friendliness, the overcoming of security obstacles, more interest from coders and financial people, etc. Eventually merchants begun to find that Bitcoin spending during bubbles is a fair size of their payment pie, and then the cost savings begins to raise eyebrows, they begin offering incentives for payment in BTC, and things really start snowballing for merchant adoption. Finally, at the very end, brick-and-mortar stores will accept it simply because a sizable number of people already use it daily for online purchases. Most importantly, all through this process investors are buying BTC not to enable purchases but to capitalize on the coming stages of adoption. They are buying based on that future promise! They're using Bitcoin, not as the currency that it should one day become, but as a store of value and investment that anticipates the day that it does have currentness and is actually a currency. To quote my favorite paragraph from my favorite reddit post on this point: quote:Just because Bitcoin turned out to be better for the "store of value" function first is no reason to worry overly about the transactional function taking time to blossom - that's what investors are for. The ones that invest based on a sound assessment of Bitcoin's future potential serve as a proxy for actual present commercial adoption by boosting the price in the present to a degree commensurate with how likely commercial adoption will be to take hold in the future. To misunderstand this is to misunderstand investing itself, as well as to misconstrue much of what is happening in the Bitcoin world. Ownership (property) does not apply on the blockchain (only access/control), so bitcoin is actually quite compatible with a post-capitalist society. This stripping away of 'property' (social contract) from currency gives bitcoin a purity of function that's unmatchable by any fiat scrip. We primitive type-0 civ humans may be stuck using Private Property and Private Keys, but our relatively "hyper-empathic" grandchildren will be using Public non-property and Public non-keys. My point here is that a tamper-proof public ledger of account has uses beyond "who is rich and who is poor?"
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Oct 13, 2017 04:53
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Gettin pretty purestrain around here quick
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Oct 13, 2017 04:54
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COMRADES posted:Gettin pretty purestrain around here quick Hi Comrade. What if bitcoin is the thing that kills capitalism?
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Oct 13, 2017 05:01
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Ham Sandwitch posted:Bitcoin is better than the US dollar. If you want people to read your posts, you gotta ease them into claims like this
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Oct 13, 2017 05:04
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Ham Sandwitch posted:Hi Comrade. Just seems like it would be replaced with a bunch of AnCaps tbh.
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Oct 13, 2017 05:06
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lol at the merchant not secure enough to protect my personal data but secure enough to reliably provide me with a complicated, non-human-readable address to irretrievably send my money to not like any rational individual has ever replaced one bitcoin address with their own personal bitcoin address to fleece people
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Oct 13, 2017 05:08
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HELLBITCH posted:If you want people to read your posts, you gotta ease them into claims like this
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Oct 13, 2017 05:09
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Oct 13, 2017 05:09
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COMRADES posted:Just seems like it would be replaced with a bunch of AnCaps tbh.
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Oct 13, 2017 05:35
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ok real talk so some old as gently caress grandpa guy at the super market looked at me and must of immediately recognized how young and smart i am and he was like  hey do you understand the bitcoins smh ya it's a highly efficient hype machine i tried looking up what the gently caress how it works and i couldn't figure it out *throws a copy of attack of the blockchain the book at grandpa mcConfusedalots before kickfliping into a 960 darkslide out of the megaMarket*
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Oct 13, 2017 06:21
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Ham Sandwitch posted:Eventually merchants begun to find that Bitcoin spending during bubbles is a fair size of their payment pie, and then the cost savings begins to raise eyebrows, they begin offering incentives for payment in BTC, and things really start snowballing for merchant adoption. Finally, at the very end, brick-and-mortar stores will accept it simply because a sizable number of people already use it daily for online purchases. How large do you imagine this "sizable number of people" making at least one transaction per day to be? Would it exceed, say, 700,000?
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Oct 13, 2017 06:26
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Ham Sandwitch posted:lol as if ancaps could run an economy without being killed by their own slaves within the first few years. That we agree on 100%
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Oct 13, 2017 06:26
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Ham Sandwitch posted:Contrast this with online purchases, where Bitcoin lets you buy from merchants who might not have sophisticated security to prevent your identity and payment data from being stolen (see Ashley Madison). Then think of embarrassing purchases, purchases from unbanked countries, purchases where anonymity is an issue (VPNs), and illegal purchases. Now we are talking serious utility relative to the other options. Furthermore, any financially solvent person who is serious about their ethical principles ought to be hoarding Bitcoin out of principle. Unless those ethical principles include "global warming is real and man-made and I shouldn't pump any money into a system that produces one trillion times more waste heat than it needs to" quote:Eventually merchants begun to find that Bitcoin spending during bubbles is a fair size of their payment pie, and then the cost savings begins to raise eyebrows, they begin offering incentives for payment in BTC, and things really start snowballing for merchant adoption. Finally, at the very end, brick-and-mortar stores will accept it simply because a sizable number of people already use it daily for online purchases. One problem with this fantasy is that extreme volatility makes for a bad currency. People are less likely to spend during a bubble because their bitcoins would be worth more tomorrow than today. Merchants are less likely to want to accept bitcoins during a collapse because those bitcoins will be worth less tomorrow than today. You can't have your cake and eat it too; if you want merchant adoption to increase, then you actually want the bitcoin price to stabilize. But you want merchant adoption to increase because you expect that to drive up the price of bitcion. Do you see the problem here? quote:Most importantly, all through this process investors are buying BTC not to enable purchases but to capitalize on the coming stages of adoption. They are buying based on that future promise! They're using Bitcoin, not as the currency that it should one day become, but as a store of value and investment that anticipates the day that it does have currentness and is actually a currency. No, not adoption. They are betting that bitcoin will rise in price and that they'll be able to sell it for profit. If bitcoin becomes widely adopted as a currency then its price has stabilized and there was no point in buying it preemptively (because a stable price means that you can just buy some bitcoin whenever you want and you don't have to worry about its price wildly fluctuating) quote:To quote my favorite paragraph from my favorite reddit post on this point: If we shed the idea of personal property then there is no need for a trustless distributed ledger like bitcoin, we'd probably transition to a distributed ledger that doesn't require proof of work for transaction verification
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Oct 13, 2017 06:50
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scott zoloft posted:(here's a rock off the keflavik coast that looks like a dick)
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Oct 13, 2017 07:27
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who the gently caress paid 10 bux to pretend to be hs
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Oct 13, 2017 09:45
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RottenK posted:who the gently caress paid 10 bux to pretend to be hs his name irl is Sam Handwitch, it's all a terrible mistake
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Oct 13, 2017 11:15
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Ham Sandwitch posted:Bitcoin is better than the US dollar. The dollar is a based upon an ancient and dying hierarchical system, while bitcoin is a democratic network. Software adapts. Over-engineered fiat scrip based on thousands of interweaving social contracts and hundreds of bad assumptions does not (can not) adapt. You're no Lottery of Babylon.
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Oct 13, 2017 11:20
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Hey, guys, I'm just an agnostic, and really don't think we can know for sure about Christianity one way or another, but I just don't like the trend where atheist think Christianity can't be 100% real. As I said, I am myself but a fellow sceptic, but also loving lol at you unbelievers inevitably burning in hell when you die. Now, I'll be burning in hell, too, but I just really want to make you all say that you renounce Jesus Christ as your personal saviour once again in this thread, so I can laugh at you while engulfed in eternal fires later.
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Oct 13, 2017 11:31
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Who What Now posted:You're no Lottery of Babylon. tbf, i have been LoBed (not by LoB) on the yospos thread before this. (how embarrassment.) otoh if you couldn't tell that was a quote, you've probably had a blessed life without very many bitcoiners in it.
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Oct 13, 2017 11:31
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Imagine if many good things happen to Bitcoin, and people get so enamoured with it, that they solve all its problems. Think about it. Wouldn't bitcoin be extremely good then? How can you insist that this extremely good thing is bad? I do not understand.
Paladinus fucked around with this message at 11:56 on Oct 13, 2017 |
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Oct 13, 2017 11:49
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