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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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| # ¿ Apr 28, 2024 23:29 |
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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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500 good dogs posted:Tumblers work pretty good at staying anonymous. You give a dude Bitcoin from your wallet, and then a different wallet you own mysteriously gets some Bitcoin from yet another wallet. 
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Feb 25, 2017 05:48
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Rubellavator posted:How do you cash out and exchange your bitcoins for USD? Generally the strategy is to put all your money into an exchange - for instance one originally designed to trade Magic The Gathering cards - then wait for it to be hacked. At this point your wife finds out and divorces you for squandering your children's college fund on magic beans. Meanwhile the fat nerd running the exchange is sent to Japanese prison. Some years later the fat nerd emerges at half his original weight, while you die of a drug overdose trying to self medicate your crippling depression and alcoholism. The fat nerd then retrieves the money which was 'hacked', cashing out the bitcoin.
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Feb 25, 2017 05:53
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Baiku posted:Always inverse goons.
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Feb 26, 2017 22:03
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Bitcoin ATMs are a funny concept because it takes upwards of 10 minutes for a transaction to complete and sometimes much longer. I remember some goon trying out a small transaction at an ATM like that and being stuck for about an hour. ~The currency of the future, but not the present~
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Mar 1, 2017 01:45
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One of the most famous original bitcoin exchanges, Mt.Gox, was not named after an obsure mountain but is short for "Magic the Gathering: Online Exchange"
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Mar 1, 2017 01:48
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500 good dogs posted:Everyone keeps saying this but no one has ever shown real proof. I can't remember the guy's name, but the same fella later transformed it into a bitcoin exchange. After a couple of years he sold it to another source of laughs, Mark Karpeles, who later went to Japanese prison and partially evaporated.
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Mar 1, 2017 02:21
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Someone recount the tale of Butterfly Labs so I can read it at work tomorrow morning. Thank you and good night. 
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Mar 1, 2017 02:22
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Entropic posted:I can understand people who think bitcoins are a good way to make money by playing a weird financial market themed gambling MMO. 
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Mar 3, 2017 15:55
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That's what Something Awful is all about, bringing joy into each other's lives by mining mirthcoin from Internet ore. If the well doesn't dry up, well...
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Mar 4, 2017 01:56
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To be precise, 99.998% of bitcoin trading is Chinese bots. Or it was until a month ago when the volume dropped by that amount Drone_Fragger is talking about 2011, you can find the thread via google lol.
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Mar 19, 2017 22:43
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Wrong about what?
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Jun 4, 2017 03:20
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drat. 
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Jun 4, 2017 04:11
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would pay many bitscoin for someone to make a website that rotates and varies the speed of this depending on the change in value that day also a historical rendering of the roller coaster so we can all relive the experience
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Jul 16, 2017 07:06
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my dream came true, thanks to the power of bitcoin
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Jul 16, 2017 07:21
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*beep beep* *beep beep* "Hello, this is Amazon customer service how can I help you?" "I, uh, would like to buy 40 million dollars of, um, gift cards..." *click*
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Jul 28, 2017 00:21
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| # ¿ Apr 28, 2024 23:29 |
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*Beep* "Hello, how can I cash out 40 million dollars worth of bitcoins?" "...Sir, this a McDonald's drive-through."
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Jul 28, 2017 00:31
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