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Winged Orpheus posted:Is wisdom being this familiar with crypto and how stupid the whole sphere is, yet unironically considering throwing 10 grand into it for an impossibly high promised rate of return in the hopes of getting out before they run out of greater fools? That's like a used Honda Civic. I'm comfortable gambling with that amount of money since my other finances are taken care of. The gamble is "will this 10 grand turn into 0 within 12 months from now" which is why I've been toying with the idea. Nothing is set in stone. resistentialism posted:It sort of seemed like you did during the time you tried to rationalize it for the past couple hours. This might be personal growth. I can barely sit up from this Moderna shot #2 and have time to burn. I prefer to be called an rear end in a top hat for the right things 
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May 4, 2021 23:06
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If we all followed Knot My President’s example the world would be a better place. His example being dying on a hill for a stupid reason, of course.
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May 4, 2021 23:10
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regular brain is looking at 10% annual returns on crypto loans and thinking that's a good deal because you don't realize how risky it is, galaxy brain is looking at 10% returns on crypto loans and thinking that's a good deal in spite of how risky it is
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May 4, 2021 23:14
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I’ve died on smaller hills, it’s the internet after all
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May 4, 2021 23:26
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Man discovers one weird trick to lower power bill and make free money! Goons hate him!Winged Orpheus posted:You have a degree in economics but don't know how taxes work and are too dumb to parse your electric bill properly? Because you're claiming that a 32% undervolt on a single electrical component in your home somehow reduced your electric bill by 39%. Lol yeah dude. Crypto is going to 0, sure. Any day now . * 10 years later and mass adoption, insitutional investment, 10,000% gains later * Yep any day now. salt shakeup fucked around with this message at 23:55 on May 4, 2021 |
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May 4, 2021 23:52
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Chia just crossed 2 Exabytes of network space...that was fast.
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May 5, 2021 00:08
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salt shakeup posted:Lol yeah dude. Crypto is going to 0, sure. Any day now . * 10 years later and mass adoption, insitutional investment, 10,000% gains later * Yep any day now. This exact post was sent at some point by one of the people declaring Bernie Madoff a scam.
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May 5, 2021 00:08
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salt shakeup posted:Man discovers one weird trick to lower power bill and make free money! Goons hate him!
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May 5, 2021 00:28
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I was going to ask how they're related in any way, and how you envisage crypto as a whole blowing up (if it ever will) then I remembered Dogecoin is 56c lol
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May 5, 2021 00:48
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salt shakeup posted:I was going to ask how they're related in any way, and how you envisage crypto as a whole blowing up (if it ever will) then I remembered Dogecoin is 56c lol Then put money into it and gently caress off
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May 5, 2021 00:53
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Knot My President! posted:You'd have more of an impact reducing overall kwh consumption by proselytizing to people you can sway rather than to me who has already established that my net footprint is so low that I don't see it being a problem. This is actually the path I take when people ask me about it. I could burn garbage and keep my lights on 24/7 and it would still be less pollution than what most people generate. And now you've decided to undo that work by getting into crypto lol
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May 5, 2021 01:00
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salt shakeup posted:Lol yeah dude. Crypto is going to 0, sure. Any day now . * 10 years later and mass adoption, insitutional investment, 10,000% gains later * Yep any day now. What circles do you run in where crypto has been mass adopted?
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May 5, 2021 01:02
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Have you heard about blockchain gaming, the thing that will surely sweep through gaming like TF2 hats have taken over League of Legends??? At least that's the last thing salt shakeup was promoting.
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May 5, 2021 01:26
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Somfin posted:And now you've decided to undo that work by getting into crypto lol Nah I meant I make other people avoid mining so I can use their kwh for myself. They feel like they're helping the environment and I feel my bank account get bigger. It's a win-win kw0134 posted:Have you heard about blockchain gaming, the thing that will surely sweep through gaming like TF2 hats have taken over League of Legends??? At least that's the last thing salt shakeup was promoting. A major CS:GO competitive league had a hidden bitcoin miner in their server browser for the longest time
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May 5, 2021 01:36
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kw0134 posted:Have you heard about blockchain gaming, the thing that will surely sweep through gaming like TF2 hats have taken over League of Legends??? At least that's the last thing salt shakeup was promoting. Weird how the only folks actually working on blockchain gaming are little indie projects whose other hooks are, universally, "there's loot" and "it uses AR." You would think, given salt shakeup's understanding of the tech involved, that the big companies would be jumping on this. Do you think that salt shakeup might be wrong about the tech? Knot My President! posted:Nah I meant I make other people avoid mining so I can use their kwh for myself. They feel like they're helping the environment and I feel my bank account get bigger. It's a win-win So, once again, you're undoing the good work you've done elsewhere, on purpose.
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May 5, 2021 01:37
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  See here if you don't know the backstory. It doesn't seem to have ever been used, sadly.
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May 5, 2021 01:37
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Somfin posted:Weird how the only folks actually working on blockchain gaming are little indie projects whose other hooks are, universally, "there's loot" and "it uses AR."
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May 5, 2021 02:07
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Somfin posted:So, once again, you're undoing the good work you've done elsewhere, on purpose. If I talk one person out of mining, I'm power-neutral. If I talk two people out, I'm saving the environment. Even Al Gore used a jet to fly around and talk about green programs. Can't make an omelettecoin without hashing a few chains
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May 5, 2021 02:11
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You can always get a +1 on the "people prevented from engaging in the pointless destruction and waste that is all crypto does" by not doing it yourself.
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May 5, 2021 02:15
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Yeah but feelgood points don't really feel better than $300 per month in my bank account tho
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May 5, 2021 02:16
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Knot My President! posted:Yeah but feelgood points don't really feel better than $300 per month in my bank account tho Yeah they do, that's the point.
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May 5, 2021 02:17
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Flannelette posted:Yeah they do, that's the point. 
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May 5, 2021 02:19
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And once again, someone who claims to be very aware of their personal carbon footprint and lists all the steps they're taking to minimize it is completely willing to throw it all in the trash for a couple hundred bucks a month (until it crashes again/their exchange gets "hacked"/ they gamble on the wrong shitcoin/the difficulty increases)
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May 5, 2021 02:30
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I'm sure I could have saved some significant amount of money shopping at Amazon instead of other places over the last couple decades, but not having contributed to the rise of an evil empire feels a lot better. Personal ethics doesn't have to die at the feet of convenience.
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May 5, 2021 02:41
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I think "completely" is a bit of a stretch, given that my actions toward ensuring people I meet don't start mining are helping more than I could by simply not making $300/month. I can then take this $300 and transfer it to USD and buy from other sites than Amazon. I'll even donate 5% of my profit to RAINN to make me sex-traffic-neutral
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May 5, 2021 02:42
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Helping people get abused and then caring for them after is not neutral.
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May 5, 2021 02:45
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Knot My President! posted:Yeah but feelgood points don't really feel better than $300 per month in my bank account tho You're not really trying to talk them out of it for the environmental benefit are you You're just trying to add to your chances of a payout
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May 5, 2021 02:49
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Somfin posted:You're not really trying to talk them out of it for the environmental benefit are you I didn't even think of the latter but now I have two reasons to do it
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May 5, 2021 02:55
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Knot My President! posted:I think "completely" is a bit of a stretch, given that my actions toward ensuring people I meet don't start mining are helping more than I could by simply not making $300/month. I can then take this $300 and transfer it to USD and buy from other sites than Amazon. I'll even donate 5% of my profit to RAINN to make me sex-traffic-neutral Or you could just not touch the poop in the first place.
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May 5, 2021 02:56
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Knot My President! posted:my actions toward ensuring people I meet don't start mining
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May 5, 2021 03:18
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Knot My President! posted:I didn't even think of the latter but now I have two reasons to do it You're still increasing your contribution to the problem of pollution on purpose even if other actions mean that you're adding to it at a lesser total rate than other people. Your impact is not relative, it is absolute; you don't get points for being below average, you lose them for being below average and deliberately loving that up on purpose; and you are doing all this for no benefit to anyone. When the crypto networks collapse, all of your additional environmental damage will amount to is some deliberately burnt-out hardware. Shumagorath posted:what actions are these besides opening your mouth & suddenly having one fewer friend They tell other people not to do mining because it's bad for the environment, but it's fine for them to do it because they're so good for the environment in other ways it's okay for them to gently caress it up on purpose a little bit as long as they're "getting paid" to do so. They're not a net negative but they're much lower than average so it's fine. It's fine.
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May 5, 2021 03:26
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Shumagorath posted:what actions are these besides opening your mouth & suddenly having one fewer friend drat you sure got me The "thinking about mining" question comes up a lot more frequently than you'd think e: it is absolutely absolute 100%-- if I consume 400kwh per month and someone consumes 400kwh per month and wants to start mining and this would jump their consumption to 700kwh per month, and I tell them not to and they listen, then I've saved the environment. it's a net positive. that's factually how it works. except i'm 200-500kwh under the national average monthly consumption so already i'm basically eco jesus and it doesn't matter what i do with my minimal kwh consumption Knot My President! fucked around with this message at 03:32 on May 5, 2021 |
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May 5, 2021 03:27
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Knot My President! posted:drat you sure got me Do you tell them that you're mining and that you're making money off of it? Are you honest with these friends?
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May 5, 2021 03:29
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Somfin posted:Do you tell them that you're mining and that you're making money off of it? Are you honest with these friends? I tell them exactly what everyone in this thread says about mining and crypto. I'm not going to give dishonest advice. I do it because I have a GPU that I bought for gaming and it happens to also be able to net me some money. The market is volatile, crypto is not an investment, they're better off putting their money into something with better returns or not even worrying about it and use that money for something life-improving like the grounds for a new hobby or a memorable trip, it's super inconvenient to build a rig and have it act as a space heater, it's complicated to set up for the vast majority of people, rig parts are hard to get and way more expensive than they have any good reason to be, etc.
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May 5, 2021 03:34
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"You shouldn't touch the poop!" I declaim, while gesturing for emphasis with the large turd in my right hand.
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May 5, 2021 03:36
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CaptainSarcastic posted:"You shouldn't touch the poop!" I declaim, while gesturing for emphasis with the large turd in my right hand. The world runs on double standards, I agree All I can do is offer my two cents to them. And it's not like they can even acquire a GPU to mine anyway, pretty sure they're all in China siphoning power from hydroelectric dams or something
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May 5, 2021 03:40
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Coal fired electric plants, yes.
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May 5, 2021 03:42
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"Poop is bad!" I cry, while grabbing fistfuls from the litter box and stuffing them in my pockets.
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May 5, 2021 03:45
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Welcome back Seraph!
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May 5, 2021 03:45
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Knot My President! posted:The world runs on double standards, I agree It doesn't loving matter where the electricity is coming from, it's being burnt to make and process bullshit coins and that electricity could have gone to a hospital or to computer networks that fold proteins or anything useful. You are running your own life on a double standard regarding crypto. I do not do this- I think it's loving stupid and wasteful and harmful, and therefore I don't loving touch it. Don't try to blame the society we live in for your personal, deliberate addition to pollution, you loving weirdo. E: Ah, dammit, has Seraph gone and purchased someone's old account?
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May 5, 2021 03:51
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