Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Post
  • Reply
Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

AssumptionsAbound posted:

the death of a wealthy relative who left me not-insignificant inheritance

Holy loving lol of course this is where the money actually came from.

Another "self-made" failchild whose money comes all-but-exclusivley from inherited, gifted, and otherwise familial wealth.

I'd be a millionaire too, if someone gave me a million dollars.

Adbot
ADBOT LOVES YOU

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost
Well over half a million dollars as an inheritance from one relative's death, but yeah, you had five hundred bucks in your pocket and no connections and no support of any kind. Sure.

Just imagine being this oblivious to one's immense privilege.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

SelfMadeFailson posted:

I don't deny my family privilege

You absolutely do. Every fuckin post in this thread.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Collateral Damage posted:

My favorite coiner argument is that because hyperinflation is bad any inflation is bad and deflation is good.

gently caress, man, deflation is such an obvious problem that you don't even need to understand how money works to understand why it's a really, really bad thing.


SelfMadeFailson posted:

This isn't mania, it's rational exuberance.

I'd be exuberant too if my dead relatives were capable of dropping half a million dollars into my bank account.

SelfMadeFailson posted:

"It could never happen here! My nation is too well managed, too important!"

You need to come to the realization that your government does not give a poo poo about you.

Your government gives one hell of a poo poo about you, though. In ways that you don't even appreciate. Because you are from a wealthy, wealthy family.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

SelfMadeFailson posted:

Would've been fine either way. Was sitting on more than enough btc before the inheritance.

Yeah that's why they gave out a whole $1200 over the past 9 months

*pointless video removed*

Did you catch the bit where I said that you do not appreciate how much the government is doing for you?

This reply right here is exactly what I mean.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

SelfMadeFailson posted:

You seem to be operating under the premise that bitcoin is dependent on the economy of any singular nation. Bitcoin is global.

https://www.youtube.com/watch?v=hlGU8hWsoiA

You really don't understand anything.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

SelfMadeFailson posted:

Risking the lives of my friends and loves one by mismanging a pandemic and the worst economy since the great depression, all to fuel Mammon blood so stock number goes up?

That is, indeed, an aspect of what they are doing for the wealthy people of America, yes.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

SelfMadeFailson posted:

Risking the lives of my friends and loves one by mismanging a pandemic and the worst economy since the great depression, all to fuel Mammon blood so stock number goes up?

Like, do you think that they're doing this for the poor?

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

SelfMadeFailson posted:

They are literally feeding children and teachers to the machine. They don't give a poo poo about the poor, or anyone that isn't part of their elite circle.

The only ethical choice is to divest whatever wealth you have from this hosed system.

Do you think that bitcoin somehow isn't part of "this hosed system?"

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

SelfMadeFailson posted:

Bitcoin breaks capitalism, as you will see.

This is fundamentally wrong, and you need to read your Marx. Bitcoin was integrated into capitalism from the start- it was designed to be- and that's why people like you are crowing about its "value" going up. The only reason that the wealthy haven't destroyed it is because it is genuinely not a threat to their system- it is an asset to the system.

Bitcoin will not even attempt to break capitalism because Bitcoin relies on capitalism.

If you don't understand why, then you really do not have the grounding to talk about this.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

DerekSmartymans posted:

BitCoin was designed to be money for libertarian pedophiles and drug buyers without someone tracking the money and not paying the fees to participate in the financial system. People who are unbanked not for where the are (such as the tiny bank in a rural county I grew up in), but for the harm bad customers cause to their business model. Unpaid overdrafts, poor spending habits, bad credit users and low credit scores, and bankruptcies. That’s it. Trustless money is one of the absolute dumbest ideas in history. Satoshi didn’t create a single thing that had not been already proven to be, well, not really stupid per se, just creative but EXTREMELY inefficient. Which is one of the reasons nobody uses it it the general pubic. Police and federal agents all over the world love it: even Capone encrypted his ledger and kept his dealings hidden whereas The Blockchain just tracks the dirty trail in neon in some sort of self-addictive honeypot crooks fall in repeatedly.

Imagine thinking that you're outside of the system's control and surveillance because you write down literally everything that you do with your money in a way that is inescapably and by design publicly accessible.

Someone could actually go through the ledger and confirm that there was or was not an actual purchase of 500-600 thousand dollars in bitcoin at a point in time that would lead to it now being "worth" 3.5 million, because all of the transactions ever made are part of the same public log.

It's hilarious that the folks who put money into this thing are never, ever concerned why someone else would want to cash out when the value is obviously just going up up up.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Fried Watermelon posted:

Imagine having so much money you could retire or work the job you love anywhere in the world but you buy a 1 bedroom 1 bath apartment because the commute is quicker

Also take your meds, the random youtube videos at the end of every post is really giving me /x/ and woo woo conspiracy schizophrenia vibes, saw that a lot with people just teetering on the edge. Please be careful.

Why would the US ever decide to adopt bitcoin when they can just make their own cryptocurrency that isn't filled with pedophiles?

They're all just meme embeds lol, they're not even evangelism or explanation, they're just "actually bitcoiners are post-enlightenment Neo and the federal reserve is Agent Smith" with absolutely no understanding of the film in question

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Paladinus posted:

I hate capitalism so much, I'm going to invest all my inherited wealth into the digital darling of all broke-brained libertarians that's fuelled with dead pandas and international crime. And that, my friends, is how you defeat capital.

I know that the userbase of this site that I desperately, desperately want to be part of all hates capitalism, so I'm going to pretend that my speculative investment gambling with my inheritance is actually a step toward fighting capitalism despite not knowing what the word actually means

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Victory Position posted:

Wait, all I have to do is install the entire financial history onto my computer before I can start banking? Well, let me see...



And again after every transaction.

No, not just your transactions.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

EorayMel posted:

[Extreme bitcoiner voice] invest bitcoin with the world’s best trading platform and get double of your investment deposit after 5 hours ,it is simple all you need to do is to invest and we will make the profit for you. Btcexcelinvest.com easy, secured and trusted.

https://www.youtube.com/watch?v=e_o2Ny735Yo

I trust any Australian / South African with a non-euclidean office space

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Rectal ReBUTTal posted:

Sorry, I can't hear you over the sweet sweet sound of the blockchain processing my transactions.

https://www.youtube.com/watch?v=aPX5mRSQ3pw

Desperately trying to get your money out before the bottom falls out huh

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

The End posted:

This is the thing that makes it a viable currency, right?

This is what gets me. In what universe is a currency that increases in relative value viable?

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Extrinsic Value posted:

Crypto makes money transfers quick, traceable, transparent, and immutable.

Extrinsic Value posted:

Bitcoin (on chain) transactions are not for buying coffee. It's not practical for that use case. You don't need the security of the world's most powerful computer network to ensure your $6 coffee transaction is legitimate. Just use an off-chain solution or a cheaper, faster alternative cryptocurrency.

Bitcoin is useful for transactions like sending 2,000$ back to your family in your home country without paying exorbitant money transfer fees. Or for protecting your wealth from an inflating/hyperinflating national fiat scrip.

How can someone write both of these posts without their brain cracking in half from the stress?

Bitcoin is not quick. You say this yourself.

You still pay exorbitant money transfer fees, they're just paid to other folks and have a different name, but they're still fees for transfers.

Inflation is good for an economic system, and if you thought about it for a single second- and you have plenty of time, clearly- you'd understand why.

How is a currency going to be useful to anyone if it has limits on its "use cases?" Stop thinking about this like a computer toucher and think about it like a single mom with kids and a grocery list. Is she supposed to keep the various intended use cases of her eighteen cryptocurrencies in mind as she looks for milk? What happens when another exchange scumbag decides to bail with all of the cash?

E: Also I love the idea that actual money that people use to buy coffee is a "fiat scrip," but a cryptocurrency with a value that can be completely overwritten if anyone ever gets 51% control isn't.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Waltzing Along posted:

Inflation is bad.

Inflation is good.

Hyperinflation is, indeed, bad.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Waltzing Along posted:

So...inflation is good for capital. But bad for the proletariat. I'm still failing to see how inflation is good.

Inflation is bad for capital and good for the proletariat, because of the post you quoted.

If you have deflation, then the people who have excess resources have absolutely no reason to spend more than they absolutely need to, because every dollar they have is making them richer simply by existing, and the people who are in debt are in more debt even if they pay no interest, because the power of every dollar is increasing over time. You have something beyond stagnation; you have active rot. Nobody with resources has any reason to do use them, and everyone with negative resources is worse off every day.

Inflation pushes all currency values slowly toward zero, which means that a billion dollars becomes less than a billion dollars if it is left alone. One of the most important theoretical goals of an economy is to keep everything flowing through the system, and inflation means that money spent now is significantly more powerful than the same amount of money spent in twenty years. This is a big incentive to get in and do things while the money you have still has its current power, including activities that make that money into more money.

This is one of the major reasons that bitcoin is never going to be an actual currency- if you have a lot of bitcoin, you have no reason to spend any of it, because its value is increasing and you have more total wealth over time by not spending anything than you do by converting any of it into actual goods or services.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

orange juche posted:

future of money

also lol when a coiner says "gimme my coins" and the exchange says "lol we don't have any" it's going to cause 1929 all over again but bitcoin.

E: I thought bitscoin was all about not trusting third parties, why are there trusted third parties? I thought there were none this is all bullshit

A run on the banks but on purpose

Or rather

A whole bunch of idiots who are gonna short this fucker down to negative value while other idiots realise how slow seven per second really is

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Nessus posted:

I believe they are aware but perceive themselves as the resource-holders who will gradually become wealthier and more powerful for no reason. That's the entire fantasy. It isn't that you might make a good chunk of change now, it's that you will be a plutocrat.

They're all aiming for it to stabilise at exactly the point where they have more btc than anyone else and their btc is worth more than Amazon.

E: in this way I think that Seraph is right. They do want an end to capitalism, specifically they want capitalism's end state: functionally infinite power in one pair of hands. Total autocratic rule.

Somfin fucked around with this message at 05:40 on Dec 3, 2020

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Gazpacho posted:

perhaps the same could be said of all anti-capitalisms :smug:

Enough talk. Have at you!

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

The Cryptotroll posted:

Exorbitant? Yesterday I paid $4.56 to transfer $52,000 worth of Bitcoin (to my Coinbase address). I could've sent that money anywhere in the world.

So you paid five bucks to "transfer" what, exactly?

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost
I note with some comedy that Seraph never explained what he paid five bucks to do with that "transfer"

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Paladinus posted:

I've just transferred a bunch of money from one bank account to another with no fee at all. Truly, we live in the future.

You fool, you could have done it the way that loses you money!

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost
Did Seraph's budget run out or is the current burst actually over

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost
But guys this way it can break capitalism and usher in a new age! The value will increase forever because I know how numbers work! All good currencies have a transaction rate limit that you can count on two hands!

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

ComeOnInGoons posted:

Bitcoin isn't just about money. It's about creating a less violent, less authoritarian world.

Then why do you spend so much time bragging about your fake wealth and so little of that wealth helping others

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost
The cp issue is one of the big things that breaks btc. With normal money that exists, each dollar is its own object and you don't inherit the legacy of everything that dollar has been used for. A dollar is just a dollar.

Btc has child porn in its history and in order to use it you have to be okay with that.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Calvin Johnson Jr. posted:

serious question: what legal things do people buy with bitcoin?

They can pay to transfer btc from one wallet to another

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost
loving lol that the story switched from "it made me ultra wealthy" to "this will be what breaks capitalism" as soon as Seraph realised that the former was no longer a good look

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost
Has any woman read a username like "IEnjoyCunnilingus69" and thought "hmm yes that man probably enjoys cunnilingus?"

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Slumpy posted:

why are we mean to seraph again

One of the original account's bans was for responding to someone saying "it's also wrong to have sex with minors," posted as a hyperbolic example of an action someone shouldn't do during a discussion of making GBS threads, with "define minors" and "is there a specific age?"

In addition to being a creep in that regard, they're just hyper aggressive and perpetually lying about everything. There's no chance that they have anything like the money they claim to have. And you can't just let the loudest, most perpetually whiny crybabies have what they want or this place will loving collapse.

I recall that Seraph's whole shtick was using chargebacks to avoid actually paying for their accounts, so the site's probably not seeing a cent from all this rereg action.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

gary oldmans diary posted:

seraph criticizes fiat currency for being backed by nothing and then argues for cryptocurrency :ironicat:

The thing backing crypto is environmental damage, energy waste, and child pornography, and seraph is all in on all of that

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Ad by Khad posted:

the term "virgin bitcoins" itself indicates a thorough, seraph-sized misunderstanding of how bitcoin functions and is intended to function

A separate blockchain for each coin

A ledger per dollar

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost
Bitcoin: Bad, within scope of thread.

Stocks: Bad, not within scope of thread.

Slumpy: Goddamn I have not seen someone this desperate to get the last word, no matter how pathetic, in a long time. Necessary context: This is a thread with Seraph in it.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost
Looking forward to Seraph telling us about how much money they made off Dogecoin

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost
The main idea of the nerd singularity is being able to lord Being Right over your enemies forever, something that appeals to no-one who has actually done anything with their lives

Adbot
ADBOT LOVES YOU

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

BSN_tg_bgg posted:

I’ve read crime statistics and IQ distribution maps. I also listened to the Nixon tapes.

(USER WAS PUT ON PROBATION FOR THIS POST)

Being part of Bitcoin means downloading child porn and I'm not going to do that

  • 1
  • 2
  • 3
  • 4
  • 5
  • Post
  • Reply