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Sickening posted:But when will bitcoin succeed? When it turns out bitcoin paid for North Korea's thermonuclear icbm's.
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Dec 8, 2017 20:22
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Rock Puncher posted:What would happen if we all started transferring each other measly sums of .00000001 bitcoin for free? Could we automate this process? Would there be any point or are bitcoins now at a point where the demand and transaction velocity is so high that it will never catch up until it goes pear shaped? Yeah, this sounds like it'd be pretty easy for a very small group of people to really clog up transactions if they wanted to
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Dec 8, 2017 20:25
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The thing I love most about bitcoin people is that they're not just offended when people question its stability, they get angry and panic because people questioning the stability of bitcoin might make it more unstable. Every time you say "lol bitcoin" someone panics and checks the current rate in case someone heard. E: Also, this is what wanting to turn bitcoin rich into real person rich looks like: https://www.youtube.com/watch?v=HZCaSyid4m0
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Dec 8, 2017 20:40
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wit posted:The thing I love most about bitcoin people is that they're not just offended when people question its stability, they get angry and panic because people questioning the stability of bitcoin might make it more unstable. Every time you say "lol bitcoin" someone panics and checks the current rate in case someone heard. What's also amazing is the amount of times that I've heard the acronym "FUD" used by Bitcoiners. Hell, until I looked it up about a minute ago, I thought they were the ones that made it up.
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Dec 8, 2017 20:42
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Comfy Fleece Sweater posted:edit: The thing about Bitcoins is... it doesn't make sense. It's driven by stupidity, a lot of the price is just leveraged stupidity of us humans. So in that way, considering maybe 1% of people around the world have even heard about it, there's a lot of stupidity to be mined now THAT's a science you can depend on for consistent results
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Dec 8, 2017 20:45
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wit posted:The thing I love most about bitcoin people is that they're not just offended when people question its stability, they get angry and panic because people questioning the stability of bitcoin might make it more unstable. Every time you say "lol bitcoin" someone panics and checks the current rate in case someone heard. lol it's like roko's basilisk but a currency instead
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Dec 8, 2017 20:51
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Is there some podcast or YouTube channel like the old bitcoin show from years ago that’s just non stop kool aide and incompetence? I’d totally watch/listen to some of that poo poo again
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Dec 8, 2017 20:56
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What does FUD mean? Fortis Ubertim Denarius? * Oh, fear uncertainty and doubt?
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Dec 8, 2017 20:59
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I took my currency of the future down to the supermarket and now I've been waiting two days for the payment to go through. Help?
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Dec 8, 2017 21:19
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literally
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Dec 8, 2017 21:22
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Dec 8, 2017 21:23
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That’s still free 3,000 dollars Just get that money out, it’s not even real
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Dec 8, 2017 21:27
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BTC network having problems with addition I see
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Dec 8, 2017 21:30
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Goodpancakes posted:What does FUD mean? Fortis Ubertim Denarius? Yeah. Its use as an acronym made it sound really cultish whenever I heard a lot of Bitcoiners use it to discredit any negative talk.
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Dec 8, 2017 21:37
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XK posted:The current block reward is 12.5 bitcoins. This is not a joke. Between the fee the user pays to the miners and the fee the miners intrinsically get from mining bitcoins, they are paying $100 "worth" of bitcoin per transaction. And the transactions are slow and unreliable.
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Dec 8, 2017 21:39
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So what you're saying is the miners are grifting everyone Huh
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Dec 8, 2017 21:44
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Any good resources out there for really undestanding blockchain? It seems like something my firm is trying to push/sell/create buzz around it, but either I'm too dumb to understand it or it makes no sense given the proposed applications.
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Dec 8, 2017 21:44
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Moridin920 posted:So what you're saying is the miners are grifting everyone Assuming they can cash out their funbux, yeah. I guess this makes me feel like they're going to be the impetus for the price crash sooner rather than later, since I expect most of these large mining pools are owned by non-true believers who have an electric bill to pay.
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Dec 8, 2017 21:47
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The miners aren't even making that much money because most of that $100 is eaten up by electricity costs and the cost of hardware that is useful only for turning electricity into bitcoin transactions. They're being payed $100 and literally like $95 is flat out wasted on doing pointless computer calculations. By design. It was literally designed to waste most of the cost of every transaction.
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Dec 8, 2017 21:54
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FAGGY CLAUSE posted:Any good resources out there for really undestanding blockchain? It seems like something my firm is trying to push/sell/create buzz around it, but either I'm too dumb to understand it or it makes no sense given the proposed applications. its an inefficient distributed decentralized database that relies on the free market to determine data validity
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Dec 8, 2017 21:59
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Stefan Prodan posted:That amount is pretty easy to withdraw That's what people keep saying. But I haven't proof of a sucessful withdrawl (to the US) that didn't end in someones bank freezing their account. Surely someone in this thread must have extracted a large amount of money from Bitcoin into USD and can show us a line item in their bank account? I don't doubt that its technically possible, I would just like to see it.
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Dec 8, 2017 22:01
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This is like watching a global version of musical chairs. Except when the music stops, your chair and the entire house is gone.
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Dec 8, 2017 22:03
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nexous posted:That's what people keep saying. But I haven't proof of a sucessful withdrawl (to the US) that didn't end in someones bank freezing their account. Surely someone in this thread must have extracted a large amount of money from Bitcoin into USD and can show us a line item in their bank account? I don't doubt that its technically possible, I would just like to see it.
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Dec 8, 2017 22:05
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Should I invest my retirement money into a new titan v powered bitcoin rig or directly into bitcoins at this point? need advice asap!
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Dec 8, 2017 22:09
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Fallows posted:Should I invest my retirement money into a new titan v powered bitcoin rig or directly into bitcoins at this point? need advice asap! Bitcoin is over. fucktoken is the new hotness.
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Dec 8, 2017 22:12
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Fallows posted:Should I invest my retirement money into a new titan v powered bitcoin rig or directly into bitcoins at this point? need advice asap!
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Dec 8, 2017 22:15
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I mined for about 10 days though nicehash earning rough $45 in btc. I probably spent $12 in power. I transferred that to coinbase for no reason. Then my power supply blew up, costing me $90 to replace. So basically it cost me $102 to generate 45 in magic bucks that still isn't technically in my pocket. They should try making a currency that is useful for something. Imagine if!
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Dec 8, 2017 22:18
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jonathan posted:I mined for about 10 days though nicehash earning rough $45 in btc. I probably spent $12 in power. I transferred that to coinbase for no reason. Then my power supply blew up, costing me $90 to replace.
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Dec 8, 2017 22:22
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FAGGY CLAUSE posted:Any good resources out there for really undestanding blockchain? It seems like something my firm is trying to push/sell/create buzz around it, but either I'm too dumb to understand it or it makes no sense given the proposed applications. Here's a quick explainer I ran across this week. Let me know if you want something more in-depth. https://tinyurl.com/yb7pzlba
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Dec 8, 2017 22:22
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nexous posted:Is that $7,000 still in an exchange or in your bank account? Honestly curious if you are able to get it into actual USD. Lol dude its not 2011 any more. Coinbase exists.
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Dec 8, 2017 22:42
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nexous posted:That's what people keep saying. But I haven't proof of a sucessful withdrawl (to the US) that didn't end in someones bank freezing their account. Surely someone in this thread must have extracted a large amount of money from Bitcoin into USD and can show us a line item in their bank account? I don't doubt that its technically possible, I would just like to see it. I have personally withdrawn 40k from btc to usd from poker
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Dec 8, 2017 22:44
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Stefan Prodan posted:I have personally withdrawn 40k from btc to usd from poker
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Dec 8, 2017 22:45
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It was like 9500 twice and 20k once
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Dec 8, 2017 22:53
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Nessus posted:All at once? it's difficult to accept things have changed in the last 5 years but believe it or not, bitcoin is about to be traded on nasdaq and yes there are several licensed startups who give cash for satoshi beanie babies. look up GDAX
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Dec 8, 2017 22:56
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Stefan Prodan posted:I have personally withdrawn 40k from btc to usd from poker It's good to know that it has happened successfully. Thank you. Stealthgerbil posted:Lol dude its not 2011 any more. Coinbase exists. Tell that to these people: https://www.reddit.com/r/CoinBase/comments/6sgqku/cannot_withdraw_from_my_usd_wallet/ https://www.reddit.com/r/CoinBase/comments/6zg14v/unable_to_withdraw_usd_from_gdaxcoinbase_bank/ https://www.reddit.com/r/CoinBase/comments/69yru1/gdax_withdraw_to_bank_account_problem/
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Dec 8, 2017 23:01
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Good financial decisions being made 
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Dec 8, 2017 23:20
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Dec 8, 2017 23:23
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Dec 8, 2017 23:25
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Dec 8, 2017 23:27
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Wait, two-time? It happened again?
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Dec 8, 2017 23:38
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