Waffle House posted:

Wait, so you *have* to pay grift to get your money?

Ham Sandwiches posted:

I believe your information may be secondhand and out of date. If it's not I'm real interested to read more details about this

Mumpy Puffinz posted:

If I was trying to discredit bitcoin I would post brazil.txt

vortmax posted:

I know that's your gimmick, but GBS doesn't know.
brazil.txt

LethalGeek posted:

Someone way more computer scientisty than I could say better but yes that's all it actually boils down to. It's only notable thing there is no central system making the final call about things, but it pulls this off by mindlessly wasting electricity instead of any sort of actual security mechanism.

mojo1701a posted:

It's even better than I remembered.

Inept posted:

yes simply go to magic the gathering online exchange to purch-whoops our user database was leaked. It's fine though your money is saf-whoops the money's all gone. have a nice day!

BENGHAZI 2 posted:

Currency that is good for many things such as

poverty goat posted:

Consider investing in new jokes

Ham Sandwiches posted:

Nice chart, that ends in May and now it's October.

What do you think happened since then??? Hmm?? Can you update the pic??

Zerilan posted:

Trade volume in btc's the lowest it's been in like 4 years and took like a 95% drop the moment Chinese bots stopped trading with each other lol

Ham Sandwiches posted:

I believe your information may be secondhand and out of date. If it's not I'm real interested to read more details about this

exploded mummy posted:

Chinese currency controls kicked in around January 23rd, 2017

Ham Sandwiches posted:

Ah so the resumption of normal trading while bitcoin has been appreciating for the past 6 months once the 4 month period of anomalous trading came to an end, as they tend to do.

But it's important to frame it as a catastrophic drop in trading volume with no other context or explanation. Hmm. Do you think that, maybe, that is misleading?

BENGHAZI 2 posted:

normal trading my dude its at its lowest point in two years also people did in fact explain the drop in trading volume

exploded mummy posted:

*looks at trade volumes ever since China started it's crackdown back in January*

Ham Sandwiches posted:

Nice chart, that ends in May and now it's October.

What do you think happened since then??? Hmm?? Can you update the pic??

exploded mummy posted:

Ham Sandwiches posted:

Excellent and now with a bunch of history it becomes clear:

Ah so perhaps there was a period of anomalous trading???????????????????????????????????????????????????????????

And then something happened that changed the trading ok activity????????????????????????????????????

And it settled into a new pattern????????????????????????????????????????????

What do you think?

Uranium 235 posted:

Not saying that chart is wrong, but it doesn't match this chart:



from https://coinmarketcap.com/currencies/bitcoin/

gottabefrank posted:

If bitcoin hodlers see it as currency, aren’t high volume mixers/tumblers/blenders technically money laundering?

Comfy Fleece Sweater posted:

To be fair, I hope everyone remembers Bernie Maddoff and the poo poo chain of events he unleashed. Really, the current financial system is terrible too. The question is which one is funnier

gary oldmans diary posted:

I was shooting heroin and reading “The Fountainhead” in the front seat of my privately owned police cruiser when a call came in. I put a quarter in the radio to activate it. It was the chief.

“Bad news, detective. We got a situation.”

“What? Is the mayor trying to ban trans fats again?”

“Worse. Somebody just stole four hundred and forty-seven million dollars’ worth of bitcoins.”

The heroin needle practically fell out of my arm. “What kind of monster would do something like that? Bitcoins are the ultimate currency: virtual, anonymous, stateless. They represent true economic freedom, not subject to arbitrary manipulation by any government. Do we have any leads?”

“Not yet. But mark my words: we’re going to figure out who did this and we’re going to take them down … provided someone pays us a fair market rate to do so.”

“Easy, chief,” I said. “Any rate the market offers is, by definition, fair.”

He laughed. “That’s why you’re the best I got, Lisowski. Now you get out there and find those bitcoins.”

“Don’t worry,” I said. “I’m on it.”

I put a quarter in the siren. Ten minutes later, I was on the scene. It was a normal office building, strangled on all sides by public sidewalks. I hopped over them and went inside.

“Home Depot™ Presents the Police!®” I said, flashing my badge and my gun and a small picture of Ron Paul. “Nobody move unless you want to!” They didn’t.

“Now, which one of you punks is going to pay me to investigate this crime?” No one spoke up.

“Come on,” I said. “Don’t you all understand that the protection of private property is the foundation of all personal liberty?”

It didn’t seem like they did.

“Seriously, guys. Without a strong economic motivator, I’m just going to stand here and not solve this case. Cash is fine, but I prefer being paid in gold bullion or autographed Penn Jillette posters.”

Nothing. These people were stonewalling me. It almost seemed like they didn’t care that a fortune in computer money invented to buy drugs was missing.

I figured I could wait them out. I lit several cigarettes indoors. A pregnant lady coughed, and I told her that secondhand smoke is a myth. Just then, a man in glasses made a break for it.

“Subway™ Eat Fresh and Freeze, Scumbag!®” I yelled.

Too late. He was already out the front door. I went after him.

“Stop right there!” I yelled as I ran. He was faster than me because I always try to avoid stepping on public sidewalks. Our country needs a private-sidewalk voucher system, but, thanks to the incestuous interplay between our corrupt federal government and the public-sidewalk lobby, it will never happen.

I was losing him. “Listen, I’ll pay you to stop!” I yelled. “What would you consider an appropriate price point for stopping? I’ll offer you a thirteenth of an ounce of gold and a gently worn ‘Bob Barr ‘08’ extra-large long-sleeved men’s T-shirt!”

He turned. In his hand was a revolver that the Constitution said he had every right to own. He fired at me and missed. I pulled my own gun, put a quarter in it, and fired back. The bullet lodged in a U.S.P.S. mailbox less than a foot from his head. I shot the mailbox again, on purpose.

“All right, all right!” the man yelled, throwing down his weapon. “I give up, cop! I confess: I took the bitcoins.”

“Why’d you do it?” I asked, as I slapped a pair of Oikos™ Greek Yogurt Presents Handcuffs® on the guy.

“Because I was afraid.”

“Afraid?”

“Afraid of an economic future free from the pernicious meddling of central bankers,” he said. “I’m a central banker.”

I wanted to coldcock the guy. Years ago, a central banker killed my partner. Instead, I shook my head.

“Let this be a message to all your central-banker friends out on the street,” I said. “No matter how many bitcoins you steal, you’ll never take away the dream of an open society based on the principles of personal and economic freedom.”

He nodded, because he knew I was right. Then he swiped his credit card to pay me for arresting him.

Prester Jane posted:

You can't trade crypto positions in less than fifteen minutes, it can take hours. Crypto trading is not remotely fast or consistent enough to support the kind of day-trader style transactions that you are envisioning here. You are making claims based on how you imagine a crypto day trader would function.

Blade Runner posted:

Chaining the blocks is a form of slavery and I am morally opposed to it