Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Locked thread
Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

Yeah. Chiming in with smug critiques, but there's no position of yours that I can attack because you haven't articulated one. Just simply peanut gallery smug bullshit that's 50 variants of "I'm right." Who cares dude, are you posting to hear yourself talk? That's all you're accomplishing.

You can't hear a post, dumbass. lmao

Adbot
ADBOT LOVES YOU

Who What Now
Sep 10, 2006

by Azathoth

scott zoloft posted:

when did I say that? Drugs are illegal! You can transfer them back to your bank (which I do from time to time) or you can sell them to someone local who prob wants to buy drugs online without attaching their bank account to anything at a higher rate of exchange.

Don't transfer drugs to your bank, that's dumb.

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

No you asked me to explain my position even more despite writing several effortposts about it, so that you can attack my positions even more, while still offering 0 of your positions. That's when I realized all your posts are attacking me while offering 0 argument or explanation, just some kind of weird "lmao you're wrong" repeated ad nauseum

You offered an even less credible deal than the effortposter that gave up, and I told you to gently caress off. You are a disingenuous person I will not waste my time with, I will gladly discuss with others in the thread

So you're mad he won't make an effortpost, but you also refuse to actually engage with one when he does make it. I'm starting to think you aren't arguing in good faith if you can't even keep a consistent position for two entire posts.

Who What Now
Sep 10, 2006

by Azathoth

scott zoloft posted:

as long as we're playing pretend, maybe you could pretend to be something other than a contrarian salt lick bitch.

*looks at his watch again and nods confidently*

Don't sign your posts and then look at your watch

Who What Now
Sep 10, 2006

by Azathoth

scott zoloft posted:

what the gently caress lmao

I think you and I have two different fundamental understandings of how this whole "bitcoin" thing works. except I have something to show for mine. and you sound like you don't. ;(

A quarter gram of cocaine in your lockbox at the local credit union isn't something to be proud of.

Who What Now
Sep 10, 2006

by Azathoth

scott zoloft posted:

all right well I'll be back when the exchange hits 7k. maybe by then the brain trust will have figured out it's not hard to turn it into cash without doing anything illegal. but by the sound of it, they won't because they never bought in.

Presumably you haven't either, since the closest you could come up with is "selling drugs isn't illegal if you don't get caught".

Who What Now
Sep 10, 2006

by Azathoth
"Of-of course I know how to turn bitcoins into USD!" Scott Zoloft says nervously, "but I, uh, I wanna make sure you know how to do it too. So please tell me."

Who What Now
Sep 10, 2006

by Azathoth

scott zoloft posted:

i never even implied that i've sold drugs.

Right, you keep them at banks lmao

Who What Now
Sep 10, 2006

by Azathoth

scott zoloft posted:

not to mention you can literally keep cash and coins in an account on gdax and just transfer the money back to your bank account with two mouse clicks. it's that easy.

Until it gets hacked, or goes offline, or the site admin steals it all and you lose everything. You know, like has happened multiple times before.

scott zoloft posted:

one of us is making money and having a good time watching the digital dollar exchange go up. the other is insisting that they were smart because they never bought in. wonder who is who.

Well I'm laughing at you and you're slowly turning into a corncob, so I really am unsure who you think is which.

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

I'm counting on it and I look forward to that moment!

He says, with increasing feelings of dread.

Who What Now
Sep 10, 2006

by Azathoth
"I don't think Bitcoin will succeed, but I look forward to proving all the detractors wrong when it inevitably succeeds like I know it will!" -Ham Sandwich

:allears:

Who What Now
Sep 10, 2006

by Azathoth

scott zoloft posted:

then that's the risk i run if i keep them there. i can transfer off site to mitigate that. it's not hard. it's actually easy as heck..

"im not hacked! im not hacked!!", i continue to insist as my bank account slowly shrinks and transforms into a corn cob

Who What Now
Sep 10, 2006

by Azathoth

scott zoloft posted:

*looks at his list of bank deposits (that means money going in) from coinbase and considers the severity of the magnitude in which he has been owned*

Which are totally real, I'm sure

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

Hey if you're claiming Bitcoin will not scale past 8 transactions per second and that's the doom of it, please explain why you think that and how that problem will come to pass.

You're dumb enough that you don't think it's possible that 8 or more transactions happen in a single second and yet you wanna call other people idiots? :hmbol:

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

This is what evilweasel is saying not me!! But he won't explain what he's saying just he keeps repeating 8 transactions per second!!

Holy poo poo, you don't even understand what his argument is, but you're so mad about it.

Who What Now
Sep 10, 2006

by Azathoth
A Moron: "Being unable to process more than eight transactions a second is a big problem for scaling upwards."

Ham Sandwich, A Genius: "Provide a scenario where eight entire transactions happening every second is even possible. :smugdroid:"

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

What's your position re: bitcoin's scaling, how will that 8 transactions per second be an issue?

Well, consider this, and stay with me here cause it's gonna get pretty loving nuts, what if NINE people want to process a transaction?

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

Ok, I'm following there's 9 people that want to do a transaction

One of those people doesn't get to have their transaction processed. Then, in the next second, that leftover person is first in line, and nine new transactions enter the queue, for a total of ten (nine plus one equals ten, hun, keep up). Eight are processed, leaving two carryover. The next second nine more enter the queue, for a total of 11.

In just one hour there will be a total of 3600 users waiting in the backlog. You don't see a problem there?

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

Cryptocoins are capable of more than 8 transactions per second, right now, which is why he was going to great pains to try to put a bunch of caveats like "you can't talk about other coins" and "you can't mention coins that are not actively traded yet"

Who gives a poo poo about your own person HamCoin scam or whatever dumbass coin you're talking about?

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

No dude, I can't express my dislike for you strongly enough, and you've seen my posts about this and declared victory, so I know you read them. Please declare yourself the victor and I'm sure you'll be back next time there's a material update regarding Bitcoins.

Hey, two people so far have explained in terms a child could understand how not being able to process more than 8/tps is a problem. Are you gonna acknowledge that or continue to be a crying little baby who can't stand just how much EW hurts your feelings?

Who What Now
Sep 10, 2006

by Azathoth

fbsw posted:

unless it is the only thing you can use because a) doing something illegal that shouldn't be illegal or b) your nation's currency is garbage

retard

How is replacing one worthless currency for another going to help anything?

Who What Now
Sep 10, 2006

by Azathoth

scott zoloft posted:

my biggest regret so far was cashing out one of my coins last year to go to iceland. wow i'm a retard.



Which is totally a thing that happened.

Who What Now
Sep 10, 2006

by Azathoth

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.

Life gives you opportunities to make calls about stuff that may happen in the future, some people really suck at making the calls correctly.

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. :allears:

Who What Now
Sep 10, 2006

by Azathoth

Djeser posted:

has anyone said...bitcoin?

Djeser posted:

hmmm wait i

wait--

hm

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.

Who What Now
Sep 10, 2006

by Azathoth

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.

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:


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?"

You're no Lottery of Babylon.

Who What Now
Sep 10, 2006

by Azathoth

scott zoloft posted:

almost 6k, baby! ....



What's it matter what they're worth when it's impossible to cash out except by dealing drugs?

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

Is the text, next to the posters name, indicating a different spelling and the registration date underneath also blocked by your work firewall?

Perhaps you have the attention to detail of a loving newt

To be fair he said the exact type of things you're stupid enough to believe.

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:


I'm sorry about your father Prester Jane, I'm a guy posting his opinion on cryptocurrencies on an internet forum that is deeply skeptical of them,

When have you ever made a single post actually criticizing bitcoins? And lol at you pretending to be skeptical when literally your next post is:

Ham Sandwiches posted:

my stance is "Don't listen to the idiots telling you bitcoin are a scam, they''re full of poo poo".

Yeah, you're so skeptical you refuse to believe any criticism is actually real.

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

Well I wish you had chosen any other proxy than to imply that yo know me well enough to make that assessment, and you sure as poo poo don't from my posts on cryptocurrencies. Projecting your past experiences onto any and every conversation you run into is probably baggage you'll have to deal with, I would have preferred if you didn't try to hang it on me in your futile quest for closure.

lmao, it's pretty obvious from how defensive you are that she got you dead to rights.

Who What Now
Sep 10, 2006

by Azathoth

scott zoloft posted:

put as much money in as you're comfortable losing, transfer the coin to a personal wallet, make copies and back up your wallet file somewhere safe, and wait to see what happens in a year or so.

Please don't tell people get into the drug trade, TIA

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

Get this, the mental image he's painting is bullshit, bitcoin ATMs are pretty boring and they're just machines like any other, is this really something

like you are picturing a loving atm that says DRUGS on one side and CHILD PORN on the other and it's like a line of dude in raincoats

and I'm telling you, you might have something wrong with your ability to model the world if that's the mental image you see

The mental image he's painting had nothing to do with the machine itself, and everything to do with it's environment. No wonder you're a true believer when you can't even read simple sentences correctly.

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

You are well aware that I don't want to

You don't want to because you're a coward and you know she's right about you.

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

There's a poster that has a stated position in the thread, I'm here to comment on the price of bitcoin. When the thread started it was $1200. In Feb. Of this year. :rip:

lol, and you claim to be a "skeptic".

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

You are puppetmastering from the first post, you are able to divine secret meaning from my posts on cryptocurrencies based on your real world experience, then my responses asking you to stop are a further sign of your narrative, and then when I refused to do what you asked and pointed how inconsistent it was with your previous posts, the puppetmaster one more time, this time on full display, that you were able to manipulate me into responding exactly how you wanted - and how you knew i would

Just loving stop, this thread is about cryptocurrencies

Goddamn, she really hit a raw nerve, didn't she? Like she has your number front to back.

Who What Now
Sep 10, 2006

by Azathoth

iceaim posted:

Oh no he's only 1.5k shy of his promise! No the goons on here who mocked bitcoin and crypto-currency totally don't look like they have their foot in their mouth.

Tulip bulbs were worth quite a lot at one time too.

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

This seems like a fine position to take, and is very different from claiming that it is a scam and that you are guaranteed to lose your money, that it is only used for drugs and child porn, that you cannot convert it to real cash at any point

Which is pretty much the point I have been trying to make for the few months that I've been posting here, that posting that tired poo poo about exchanges closing and taking your money or now that china banned mining / exchanges the currency will implode, and guess what, that's precisely what that guy wrote a book about and why they make fun of the stuff on buttcoin

So if I were to say something like, "Ah it turns out you agree with me that bitcoins are not a scam and that for those willing to take the risk they can experiment freely" is that a problem?

lol, you're still pretending you aren't a hardcore supporter.

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

I never told anyone to buy bitcoins, I don't mod a subreddit called /r/bitcoinisawesome, I don't have a gaggle of yospos people circlejerking with me how awesome bitcoins are, I didn't self publish an ebook about how awesome bitcoins are.

No, but you do believe all of those things. You're just too much of a wuss to own up to them.

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

No, I don't think these things,

Yes, you do. We all know you do, this act is just pathetic and further proof that what PJ said is right.

Who What Now
Sep 10, 2006

by Azathoth

Ham Sandwiches posted:

How is this funny?

Because you're a pathetic loser and shadenfreudia is hilarious.

Adbot
ADBOT LOVES YOU

Who What Now
Sep 10, 2006

by Azathoth

Minimalist Program posted:

I’m going to keep my retarded bitcoin stock until it has at least doubled in value.

0 x 2 = 0

  • Locked thread