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LethalGeek posted:I hope everyone who useless bitcoins dies for the power wasting reasons already stated. I'm going to assume that's autocorrect, but it still fits.
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Feb 27, 2017 16:24
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Unobtainium is the true currency of the future! 
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Mar 2, 2017 17:18
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Bulgogi Hoagie posted:as much as i hate people at least if you're in legit scam trouble you can phone your bank and they will probably help you I had to do a presentation to a potential client for work regarding fraud prevention, and I was really temped to add "Bitcoin" to my presentation. Instead, I talked about how banks and credit card companies will help you with any false charges.
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Mar 2, 2017 21:54
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The Bible posted:I'm curious as to how long you think it takes to write a post. Even so, a small investment in writing yields a large ROI in laughter.
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Mar 6, 2017 15:17
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500 good dogs posted:It's actually way better, ETFs are an actual security product backed by real accountability. If you wanted to speculate on Bitcoin you would certainly rather use ETFs instead of actual Bitcoins and deal with shady exchanges. Yeah, if I was the kind of person who would consider gambling on Bitcoin, I'd rather go after an actual registered ETF where it's just dollars in/dollars out without touching the poop in any way. But that's like saying I'm going to hire a contractor to build my house on quicksand instead of just doing it myself.
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Mar 11, 2017 18:12
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Millstone posted:Op what does "Bruce Wagner" and "demo mode" and "goons vibrating a blackberry onto the floor on a live video stream" mean to you???? It's really the small things about Bitcoin that I appreciate. Does anyone have a link to that video?
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Jun 2, 2017 17:22
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I have too much fun arguing when I ultimately don't care. Also I think we were up to 3 threads.
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Jun 3, 2017 05:21
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Spatial posted:Wrong about what? Bitcoins. All of them. We were wrong about every single Bitcoin.
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Jun 4, 2017 03:30
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a cyberpunk goose posted:Who actually uses bitcoin for anything besides as high risk commodity? Or people cashing out ransom ware fees Chinese mining pools getting around ever-tightening currency controls. I realized bitcoiners are missing a golden opportunity by not convincing red staters who roll coal to get into Bitcoin, considering the massive amount of energy spent and pollution created.
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Jun 4, 2017 15:22
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Henrik Zetterberg posted:I touched the poop a few years ago when my idiot bitcoin guy coworker suckered me into buying a 2-pack of miners. I knew nothing about it at the time. I ran it for like a month or so and got sick of my condo being a constant 95 degrees and my electric bills through the roof. I had a tryhard spreadsheet to calculate when I would ROI, minus my electric bill bump/etc. I didn't ROI until I got sick of it and sold the loving thing on eBay to some sucker. By that time, it was mathematically impossible to ROI because of the skyrocketing difficulty, but the dude still bought it and I made like $200 of my original $250 back. Then I discovered the bitcoin threads on SA and everything was good in the world laughing at butters. But don't you get it? If you'd held on to those Bitcoins that cost you way more in electricity then, you'd finally make a profit (even though it would've just been cheaper to buy them outright with way less hassle and chance of a fire or heatstroke).
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Jun 5, 2017 23:12
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BENGHAZI 2 posted:I like my job quite a bit, also how much did you make on bitcoin I'd like to know this as well. Everyone keeps saying that you can buy low and sell high, but when you sell, someone else has to buy. What happened to the people that bought in before a crash? Also I'm about a year behind on the YOSPOS thread (I read it in my downtime at work and at the gym). Whatever happened to Bitcoin Core, Classic, and XT?
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Jun 7, 2017 23:12
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Eww I just discovered that the gas station less than a half-kilometre from work has a Bitcoin ATM. Even worse, a guy filling up his car beside me wore an Eagles t-shirt. It's down the road from McMaster University, so I assume he's hoping to take advantage of local college libertarians and techbros.
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Jun 8, 2017 01:54
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OMGVBFLOL posted:god damnit you're the closest thing to a cool mod we have right now don't be a fuckin' buttcoiner lmao Always knew he had libertarian sympathies ever since he named himself Jeffrey of YOSPOS instead of YOSPOS Jeffrey.
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Jun 8, 2017 02:09
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Hey guys I know you all posted statistics, probability, and multiple cases about people who sunk all their money into the lottery, but I heard of a guy who won $3 million on a lottery ticket. I am therefore convinced that you all are wrong about the lottery and shouldn't make fun of people who lost their life's savings.
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Jun 8, 2017 02:27
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exploded mummy posted:brazil.txt? Oh how I envy your first time.
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Jun 8, 2017 02:34
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Buttcoin purse posted:My mind is blown, mojo ::of-the-family:: 1701a. How dare you. That is my registry number, as delineated on my berth certificate.
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Jun 8, 2017 14:28
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Seriously, what happened to the people who bought from the people at $3,000? Are they still hodling (sic)? Because it creates no value, Bitcoin is literally a zero-sum game: for there to be winners, there have to be losers. Wait, scratch that. It's a negative-sum game because it still costs you electricity and hardware to mine. Also, did you seriously use "FUD" in earnest? Wow.
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Jun 8, 2017 15:43
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Ham Sandwiches posted:Bitcoins are $3000 now, what are you asking? It's being traded for $3000. If I sell Bitcoins at $3,000, someone must therefore buy them from me at $3,000. It therefore becomes their cost. Literally like any market.
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Jun 8, 2017 15:47
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This is what the term is meant to describe.
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Space Crabs posted:Has the YOSPOS rapid response team left the thread? I wanted to troll like Ham Sandwiches but was on probation. Much like bitcoin being nothing but scams and rubes, this thread is nothing but trolls in either direction. Go nuts.
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Jun 8, 2017 15:49
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Ham Sandwiches posted:Pointing out that goons have made claims and repeated information that is wrong, misleading, and frankly garbage as Bitcoin has gone from $30 to $3000 has no requirements, friend, other than you trying to make up some standard that requires me to prove gains before I can observe that goon claims are bullshit. So cool, Bitcoin went from $30 to $3,000. Didn't it also go all points in between?
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Jun 8, 2017 15:55
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Ham Sandwiches posted:The ultimate troll is that goons sat there making fun of redditors making money while being dumb and full poo poo, and feeling smug in their superiority. Great. Some redditors made money. A lot more lost it because Bitcoin. You keep saying we're idiots and we're showing people who actually lost money. You're saying we're idiots because it was basically a sure thing without actually showing you put your money where your mouth is. We said that it's at best a gamble and don't cry if you lose.
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Jun 8, 2017 16:03
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Ham Sandwiches posted:Do I have to own the Nissan Sentra to have that opinion???????? While you don't have to be a chef to know what you're eating is poo poo, you DO have to have at least tried it before you can say it's good or not.
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Jun 8, 2017 16:06
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Ham Sandwiches posted:If I think Nissan is going to take over the car market and sell a shitload of Nissan Sentras, I have to buy the Nissan Sentra myself, even though I may not want to buy that particular car - to be consistent with my claims?? If you think it's going to sell a shitload of Sentras and be worth more in the future, why wouldn't you? Hey my friend's new company is gonna take off, I just know it. He even asked me to invest! I told him, "No, thank you." And I still stand behind him 100%.
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Jun 8, 2017 16:10
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Ham Sandwiches posted:Because I own an SUV and still want to talk about the car market? Hey I didn't make that argument. But the point still stands, if you were such a firm believer at the beginning, why didn't you invest? I believed in Eastern Poland, and I invested!
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Jun 8, 2017 16:13
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Waffle House posted:I mean you also haven't said, "I DON'T trade bitcoins", so you're leaving us on this weird Schrodinger's cliffhanger. *I'm* just curious, because a lot of us probably have hosed around with it; like my friend and I bought a few to 'try it out' first when the first news of Silk Road broke several years ago; he was already messing with TOR at that point for security purposes, so it was natural to just 'look into it'. Once again, the only true way to make money in a gold rush is to be the one selling shovels. Or in the case of BFL, sell the promise of a future shovel and never deliver.
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Jun 8, 2017 16:15
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Waffle House posted:Ah, those sweet, summer days when we were just starting to discover the holes in Kickstarter's business model. And not a single person thought to himself, "Wait a minute. If these miners are so good at mining bitcoins without any effort, why wouldn't they just do it themselves?"
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Jun 8, 2017 16:19
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Ham Sandwiches posted:They didn't have to. Goons already told them it was a scam, that the electricity would never be worth it (since bitcoins were $30), that exchanges were bullshit, and that it was tax fraud. At best it would be used for drugs, child porn, or money laundering. But they were. BFL was taken to court and the whole house of cards collapsed. My memory's rusty on it, though.
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Jun 8, 2017 16:22
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Waffle House posted:https://arstechnica.com/tech-policy/2016/02/bitcoin-startup-butterfly-labs-settles-with-ftc-for-38-6m-but-it-cant-pay/ Yeah there are tons of Bitcoin addresses for that.
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Jun 8, 2017 16:27
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I still don't see how Bitcoin isn't anything but a negative-sum game. For someone to cash out, they have to sell someone else. Much like a game of hot potato, for me to win, someone else has to lose. At least actual cash money isn't generally used for speculation, but actual transfer of value.
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Jun 8, 2017 17:59
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EorayMel posted:Mark did nothing wrong. This will never not be funny. That and Casascius coins.
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Jun 8, 2017 19:19
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Waffle House posted:Unironically, I'm actually pleased in ways that bitcoins exist because it makes a new weird market where comedy (and changes) can precipitate. It's broadened our economic horizons, and created some very interesting situations, none of which directly affected me or I was invested in. Great news material, if you will, and always fascinating to read about. The whole Bitcoin environment is a lawless landscape that naturally attracts that type of person. Problem is that that type of person generally also can't be trusted since they keep trying to one-up the real world as well. Most Bitcoiners, being libertarians, believe that that's a positive since regulation is the Devil. Which is why it's funny to see them reenact the last 300 years of economics in 10 years.
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Jun 8, 2017 19:35
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QuarkJets posted:whenever i tell the investing thread about my plan to save for retirement by hitting it big on the slots, they just tell stories about gambling addicts losing all of their possessions, they never talk about those individuals who manage to win big! I find this kind of FUD spreading to be VERY MISLEADING True story: I bought a $3 Bingo scratcher the other day, won $13. I then bought another one and won $50. Guys should I sink all my money into Bingo scratchers? Obviously going up uP UP!
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Jun 9, 2017 14:28
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divabot posted:clearly, vaccines cause bitcoining There's a reason why goons have called them Dunning-Krugerrands and Pounds Spergling.
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Jun 9, 2017 16:40
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klafbang posted:*words* That was always the interesting thing about Bitcoin to me: there are (or can be; I really don't know. I'm here for the laughter) actual practical uses as you put it. The hilarious part to me is that anything that it does is not why any of its true believers buy into. Anything they want it to do, it either doesn't do or something else does better. And whatever it does actually do will probably be done by something else better in the future. In that sense, Bitcoin itself as an entity or concept is irrelevant. The community was always what made it nuts. Again, I'm still a layman when it comes to it because I really don't know too much about it aside from its economic situation.
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Jun 9, 2017 19:04
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QuarkJets posted:I think it's a very small factor; last I read the latest big wave of ransomware collected less than $100k. Didn't MtGOX also have no separate bank account of its own and was funneled through Mark Karpeles' personal account? I swear I remember reading that and thinking that even most of our small-time corporate clients (like, incorporated HVAC guy) have their separate accounts.
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Jun 9, 2017 22:19
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EorayMel posted:Rhetorical question: Did Doobie's Dog House accept bitcoin? I would be into a BLTcoin.
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Jun 11, 2017 03:12
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Comfy Fleece Sweater posted:Bitcoins next stop is 100,000 dollars, idiots I think you mean the US dollar is headed down to 0.000 01 BTC.
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Jun 11, 2017 04:22
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QuarkJets posted:You and ham sandwiches keep saying this but Ross "mycrimes.txt" Ulbricht, CARL MARK FORCE IV, and bitcoin's wild volatility and uselessness as a currency all continue to be funny Not to mention the other major players like logansryche, who tried to set up a gift card business (and failed), then his own movie theatre (and failed), and then getting the rights to... what was it, Ducktales? (and failed). There was also Bitcoin evangelist Bruce Wagner, who kept insisting on having a Bitcoin conference in Pattaya, Thailand, aka the child prostitution capital of the world. Not to mention Roger Ver, a man who renounced his US citizenship (aka probably the one citizenship you do NOT want to give up) just so he wouldn't have to pay some taxes -- that he still ended up paying anyway when he tried and failed to reenter the United States. He also made this video where he swears MtGox's money is totally safe, you guys. Oh, and he was arrested for shipping explosives without any real protection or safeguards. Like, at all. Those are just the three off the top of my head. There's tons of stuff.
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Jun 11, 2017 19:47
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QuarkJets posted:Congrats but I hope you mean you're mining some altcoin and not bitcoin, because mining bitcoin on a PC has a huge negative ROI unless you pay literally nothing for electricity (and i assume you use the PC for other things? But maybe not if it's "just to mine" lol) Yeah if you're mining Bitcoin speculating the price will eventually beat the current cost of mining, then you might as well outright buy some instead. At least it'll save you some money & electricity, and the planet some pollution.
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Jun 11, 2017 21:58
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maskenfreiheit posted:Did he have another, or just become stateless? Wikipedia says he acquired citizenship in St Kitts and Nevis and then renounced his US citizenship, so he's not stateless. Also, I'm still actually reading the YOSPOS thread so I'm about 10 months behind, but he was finally allowed back into the US last year.
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Jun 12, 2017 00:34
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