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Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

I do system architecture poo poo for the Feds, someone in my group sent an invite to a telecon press on the block chain uses in the federal government. I guess it's a thing. But not for money. I didn't attend

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Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

How much money are they in again?

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

ElGroucho posted:

I wish there were some regulated and well established way for me to make online transactions

Found your problem

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

VideoTapir posted:

Are there still any legit businesses accepting bitcoin?

Are they now having to launder any money they got by trading bitcoin, even if it was 100 percent legal?

Microsoft

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

divabot posted:

Pole kwa hasara yako [Here comes a scammer, Father]
wahalifu kuiba fedha za [Oh yes, it's a scammer]

From the day we arrive on the blockchain
And blinking, step around the scum
There's more to steal than can ever be stolen
More to do than can ever be done
There's far too much to lose in here
More to, uh, find than can ever be found
But the sun rolling high
Through Satoshi's sky
Keeps great and small on the endless round

It's the Circle of Scams
And it drains us all
with despair, no hope
No faith or love
Till we find our coins
On the birdbath unwinding
In the Circle
The Circle of Scams

No one reads this poo poo.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

exploded mummy posted:

If you're wondering "Why do bitcoiners like to advertise bitcoin as an instantaneous service with no fees with no chargebacks" when it's horribly slow, has comparatively expensive fees if you want to actually use it, and something that is a negative, welcome to the club.

You forgot "amazingly simple to use".

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Blockade posted:

Buy bitcoins to buy drugs on the internet. The constantly inflating price of bitcoin means you can effectively purchase drugs for free (or for the lost opportunity of cashing out if you're a square).

Also if you think the price of bitcoins is going bad, you can even convert it all to drugs, then sell the drugs to buy the floor after it drops.

See THIS is exactly what Satoshi had in mind. Everyone, please re-read the thread title.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

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.

I think I have like 0.25 bitcoins in the wallet.dat stashed somewhere on my NAS. I can't remember really. It's almost not worth hooking coinbase to my bank account and risk getting my account down for 0.25. Also, I don't have the half TB of hard disk space on my SSD to install the Bitcoin Core thing or whatever it is so I could transfer it to Coinbase.

e:
https://blockchain.info/charts/blocks-size?timespan=all

It takes a big man to admit your comedy for our sakes. Congrats

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

plape tickler posted:

I bought part of a bitcoin on May 29th . It's worth $651 more than I paid as of right now. Chump change but it's still a decent profit. Should probably sell it

In a parking lot or an exchange where you have to scan your drivers license and send it to them?

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

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?

Sell! Sell! Sell!


Remember that one? Lol

True now too

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Ham Sandwiches posted:

The comic store clerk can post his opinions on finance just fine, even though he has no idea what he's talking about. No requirements, just post.

Should you want to say "I think this guy is dumb and repeating secondhand crap that is outdated or misleading in its presentation" you have to post your wallet, otherwise it's not allowed.

Did you really scan your PII, and send it via unencrypted email to the exchange? Or was there a much easier way to prove your identity?

What were your Id proof docs?
Do you feel safe them holding this data?
How long do they hold it, and what are there data retention and storage mandates?
Do they follow Fisma?

lol I'm interacting

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

mojo1701a posted:

Oh how I envy your first time.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo


Lol u have to send them tax returns and pay stubs along with your ssn and drivers license.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Ham Sandwiches posted:

Yes indeed, even IF you make money on it, it's always going to be rigged. The exchanges will always steal your money. Finally, even if that doesn't come to pass, you can only use the bitcoins for money laundering, child porn, and drugs. This is all part of the standard goon spiel unfortunately.

Like it doesn't just cover the mining, it's the whole thing. The mining is rigged, the exchanges are rigged and will fold or steal your money or refuse withdrawals, organized crime got there, everything is fake, nobody will use it as currency, cp and drugs, the list of things that goons saw in their crystal ball is pretty extensive and seems to be pretty wrong over time.

Hey Ham Sandwiches, did you send your tax returns, pay stubs, and driver's license to get your money out?

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Smash it Smash hit posted:

People will come to your house for discount drugs or hell you can pay someone to do all the work!

Free money!

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

maskenfreiheit posted:

Maybe Bank of America was right?! 💻💰📈

Lol

Volumes are going up, volatility is going down. A lot of people talk about the volatility, but if you are in Zimbabwe or Venezuela, this volatility is nothing.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

plape tickler posted:

Ethereum has been doing work this week


The last time I dealt with coinbase I didn't have problems selling bitcoins and having the proceeds deposited in my bank account. Hopefully nothing has changed.

Did you send your tax returns to them to get money out?

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

plape tickler posted:

No, but that was a few years ago. Not seeing anything about providing tax returns to sell in their faq.

So what PII are you willing to give them?

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Mumpy Puffinz posted:

like a bank would?

(Caps) they are not a bank!

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

divabot posted:

You can be absolutely assured that your tokens on the Ethereum blockchain are completely safe investments! Meanwhile, this Bloomberg piece on the DAO hack is pretty good, particularly if you use Firefox "reader" mode.

And all that was cashed out for Usd by Thomas Edison.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

LethalGeek posted:

Anyone who tries to tell me the blockchain is useful for something in computing could just tell me they're an idiot, cause it really is one in the same.

I'm friends with someone at Deloitte consulting, they have a whole group doing blockchain stuff. I've never bothered to ask what.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

FAGGY CLAUSE posted:

Wow bitcoin is up to 2700. I knew I should've gotten in earlier, I can't not get involved at these prices. Anyone know where to get some used miners?

Kentucky

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

poverty goat posted:

there are lots of exchanges though so even if this were true it wouldn't amount to good odds that any given person using bitcoin would have bitcoins stolen

Which ones do you use?

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo


I'll weigh that with your opinion.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

divabot posted:

so basically, you shouldn't keep bitcoins on an exchange, and you shouldn't keep bitcoins at home

I'll support that

Lol

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

poverty goat posted:

you shouldn't keep bitcoins any longer than it takes to spend them

it's currency, not an investment

why don't u have bitcoins?

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Relevant Tangent posted:

What percentage, do you think?

Too high for a goat in poverty. Otherwise he'd be rich!!1

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

poverty goat posted:

regular porn sites actually take bitcoin now because a lot of people are happy to pay if it won't show up on their credit card statement

you retards

What kinda porn you like?

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Comfy Fleece Sweater posted:

I like the ones with big tits

I didn't ask u, but good choice.

Did you pay bitcoins?

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Bacon Terrorist posted:

Anyone paying for porn in TYOOL 2017 is an idiot.

Tbf paying with bitcoin really isn't

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Stefan Prodan posted:

Here's the thing about bitcoin:

It might go up, none of us is saying it might not go up to 30,000. Dutch tulips bulbs went up like you wouldn't believe!

But there is absolutely no way to tell if it will or won't, you're playing dice with a magic die where you can't tell how many sides it has. There is no way to tell at any given point whether it's a good invesmtent.

It has some utility but it's priced way higher than that, it's priced based on people just thinking that other people think it will keep going up. As far as I can tell that's the definition of a speculative bubble.

Wait, I was told itt that bitcoins are not an investment, but currency.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo


How low on the workplace totem pole do you have to be to get assigned to write about bitcoin?

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

I got an eInvite to an IBM teleconference about their blockchain project. Something to do with healthcare records. In retrospect I deleted it too fast and should've attended for the lols.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

divabot posted:

selling consulting hours

This. My friend at Deloitte is working on a blockchain 'research' program too. Had no interest in asking what/why.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Lotsa hostile bad bitcoin karma itt!

Buy buy buy

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Remember the cellphone vibrating off the sofa arm? Seems like yesterday.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Ham Sandwiches posted:

Ok David I'll give you an effortpost reply to your efforpost but I will need a bit, please check back later tonight or tomorrow and we can continue arguing.

I'm going to take issue right now with your use of the word gambling. You strike me as a person that gives financial advice to people regularly, and that you use the term gambling to discourage them from investments you don't think are prudent.

What I'm curious about is why funds, hedge funds, and financial institutions have started using Bitcoins if it is gambling? These companies are not in the business of gambling so presumably if that's what they are doing, they are violating their fiduciary duty to their shareholders. Like, I'm not aware of the Fidelity CEO taking a few billion down to Vegas to invest in roulette and then posting those returns. I've never heard of such a thing, maybe you have some recent examples.

And yet Fidelity is straight up mining bitcoins
https://techcrunch.com/2017/09/28/f...yptocurrencies/

And there's real funds traded on real exchanges that track Bitcoin
http://www.investopedia.com/article...n-gbtc-arkw.asp

So clearly real companies with real executives and real people are allowed to speculate in currency, but if any regular person should consider, then it is Gambling and imprudent. I think it's bullshit that this double standard gets pushed on people with this sort of bizarre aim of protecting them from themselves, telling them to invest in their 401k, pay their taxes, brush their teeth and floss twice a day, remember to breathe, let it go, and all sorts of other lovely advice that people feel they need to give to the other idiots to save them from themselves.

And I'm telling you it is the height of bullshit to single out individuals for considering something while millionaires, hedge funds, countries, groups of investors all scramble to establish a position in it.

Ok Iím convinced, but what are your financial advising certifications and licensing? Iím in 10k

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Ham Sandwiches posted:

Here's one hypothetical out of many!
Sometimes countries get into really weird debt spirals or have bizarre inflation issues, like the hyperinflation in Zimbabwe. You never know if or when that stuff will happen, but Bitcoin could be surprisingly useful if it does

Do NOT invest in Zimbabwe. Thatís my advice.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Letís post our credentials to judge true capitalism value

David. Seems very smart finance guy
Moridin. Well semi smart it guy and autistic
Burt. Systems architect. Dumb
Ham: ?

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Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS


Switchblade Switcharoo

Ham, how much you in right now? This site is more anon than bitcoins, just spill it. Pump isnít working.

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