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https://electroneum.com/ here you go assholes, if consuming an Irelands' worth of power for bitcoin wasn't enough, now you can waste your smartphone battery and lifespan as well
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Oct 25, 2017 02:06
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Ham Sandwiches posted:Well, here's what I don't do. I don't give people garbage advice telling them to run, not walk, from digital currencies that they can mine with their spare GPU cycles in their own bedroom out of a misguided idea that I know better and I'm saving the ignorant masses from themselves. I love this interpretation of computing power, 'spare GPU cycles', as if your computer not constantly consuming the largest possible amount of electricity is just letting it go to waste also "a misguided idea that I know better and I'm saving the ignorant masses from themselves" literally describes all your posts
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Oct 25, 2017 22:48
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Mumpy Puffinz posted:hey nerd who wrote a book about Bitcoin, I bought it. i bought one and i bought one for a friend. good words. a nice inoculation to the insanity, it's seriously rotten to the core with all that goldbug libertarian nonsense
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Oct 28, 2017 10:57
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Surprise Giraffe posted:Up 10% in a day, that actually mean 10bill in coins bought in 12hrs? Who the gently caress is that That’s really not how it works. The ‘market cap’ is just the number of coins multiplied by the current price. So you don’t have to actually do anything other than a bunch of people pay a higher price for the most recently sold coins. The ‘10 billion’ is only ‘created’ in the sense that if everyone sold their bitcoins at that price, they’d collectively get 10 billion more for their digicoins from the idiots that bought them. This is ignoring the fact that any sales even close to significant would send the price plummeting. I don’t know how many sales at a particular price would determine the overall value, but given bitcoin’s low liquidity/velocity you’d have to ask yourself if that number wasn’t low enough that a small number of people selling coins to each other could drive the price up enough to offload their coins to newcomers at significantly inflated prices. Edit: If you're interested, this concept of market cap is similar to other assets like stocks. So when a company gained "WOW 2 BILLION" in valuation in a day or whatever, the idea is the same, the number of shares multiplied by the current price. The fundamental difference in my eyes is that company valuations are, at least theoretically, based on 'fundamentals' such as past and expected future profits, dividends, company assets, contracts and business partnerships, intellectual property, etc. You would expect a companies share price to have a fundamental 'floor' of the actual dollar value of these things, below which the price wouldn't go. The valuation changes based partly on psychology and partly on alterations to the fundamentals: profit reporting, announcements of new partnerships, sale or purchase of assets, changes to dividends, etc. I can't see any fundamentals or a theoretical actual-dollar floor to Bitcoin's value. In my eyes, it's all psychological. Chadzok fucked around with this message at 02:24 on Oct 30, 2017 |
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Oct 30, 2017 02:10
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excuse me mr. Lowtax sir can you please explain why you do not accept bitcoin as the only legitimate form of payment? if and only if you make the smart choice to support it then i will make my intended purchase and tell all my friends about your comedy forum you are missing out on gigabucks of potential profits also you should consider transforming your forum post verification system into a blockchain for the following revolutionary reasons:
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Oct 30, 2017 05:08
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Everyone I know in actually reality that is buying bitcoins is doing it with the express intention of making money, ‘not wanting to miss out’ as the price rises. I have never, ever had a discussion about anyone using it for any other reason (except drugs). All the bitcoin stories in pop media are about price, none of them about what you are meant to do with them besides make money. Ham Sandy, you must love in an echo chamber because this is the actual state of things. What that means for adoption or the price or Ponzi or whatever, that’s another level of discussion. But seriously dude you have got to accept this basic observation about reality.
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Nov 16, 2017 09:16
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Chadzok posted:Everyone I know in actually reality that is buying bitcoins is doing it with the express intention of making money, ‘not wanting to miss out’ as the price rises. I have never, ever had a discussion about anyone using it for any other reason (except drugs). All the bitcoin stories in pop media are about price, none of them about what you are meant to do with them besides make money. The latest chalk mark on my as-yet-unresponded-to comment (I understand Ham, there’s a lot for you to do here. You’re doing god’s work) is this gem from the frontpage of Australia’s premier news site, Sydney Morning Herald. http://www.smh.com.au/small-busines...116-gzn9jb.html This is what the media and the common man thinks is the only important point about bitcoin worth discussing - “on-this-trajectory-it-wont-be-long-before-one-bitcoin-is-worth-1-million-a-pop.”
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Nov 17, 2017 06:54
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amotea posted:
It's almost like they are paying people who cash out with the cash from new purchases, and sometimes that doesn't line up quite well enough.
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Nov 20, 2017 22:37
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quote:Yeah that's a ton of electricity actually holy poo poo what a waste. Paraphrasing an idiot: "Maybe it seems like a waste to you, but perhaps for the problems that bitcoin is solving and the people it's solving them for, it's worth it. Maybe even a good deal." This is the argument you'll see. QuarkJets posted:Yea maybe, or it would be 0 bitcoins now because you kept your bitcoins in the most popular exchange at the time, Mtgox Is it actually possible to have a 'wallet' that doesn't rely at some point on code someone else has written (unless you've written it yourself)? Or is 'trustless' yet another fundamental thing that is supposedly groundbreaking about bitcoin that is actually not true (you have to trust the coders who wrote your wallet not to screw you)
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Nov 23, 2017 08:43
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Busy Bee posted:Bitcoin noob here with a few questions: buy a bitcoin
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Nov 27, 2017 03:53
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At first I thought it was a show about blockchain called Krapopolis and thought it was good, then I read the article and although I don't fully understand, I know it's bad.
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May 18, 2021 01:54
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Guys it was obv a 4d chess move and the nyag suspected they would fraud the 30 days but they wanted to see what 30 days of good behaviour did to the market and the nyag is literally a ninja all up in their poo poo and a storm is coming. I pray to nyag every day
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May 22, 2021 20:57
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punishedkissinger posted:theres like $60b Tether right? and $1.1t BTC? Those numbers are not related because Tether is pegged (or at least stays very close to) the value of the US dollar, originally because there was supposedly one dollar in a bank for every Tether. That bitcoin number is just the last price a mook paid times the total number of bitcoin, so it varies wildly from minute to minute. Although they are related in that they are both pure fantasy and could dissolve at any second.
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May 25, 2021 23:59
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Galewolf posted:Also, isn't the literal worst time to buy shitcoins (which is all the time bjt for the sake of the arguement) if you see it on the ads like thin in London? These exact ads have been all over Sydney for at least 6 months now. I have no idea if its the same company or just an exact ripoff but super cred to London for shunting them.
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May 28, 2021 09:28
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'not a big bitcoin guy' lists elaborate justifications for why bitcoin is the only solution
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Jun 2, 2021 00:30
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corgski posted:Wow they're not even pretending to not be a ponzi scheme now. safemoon and all its many copies are also unabashedly pyramid shaped. it's disgusting how many clearly labelled scams are operated under the much larger scam of crypto in general. it's an incoherent quagmire that can only be effectively dealt with by a nuke from regulatory orbit.
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Jun 2, 2021 05:58
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so this is people/bots buying stuff based on Elon tweets because they think there is another, larger group of people that will use Elon tweets as actual financial advice, but only the first group actually exists, right?
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Jun 4, 2021 06:15
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Ah but is it not also written that those in chains are blessed and those chained to blocks are more blessed still?
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Jun 6, 2021 23:37
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Mimesweeper posted:you're the best poster in this thread HugeGrossBurrito posted:im going to stick knife up the rear end in a top hat ov everyone that buys a bitcoin im going to loving murder you but suddenly, a new contender
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Jun 8, 2021 01:20
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Orvin posted:Just want to say I really appreciate your posts. blog also good too (other than the bits that are just long verbatim quotes of conversations plagiarised from this thread with every username changed to divabot)
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Jun 12, 2021 21:27
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I see the "flaming wreckage" formation
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Jun 22, 2021 23:42
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has anyone said lightning buttwork?
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Jun 23, 2021 11:08
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ilmucche posted:I feel like I already know the answer to this but did the tether printer folks ever show their work that every tether is backed by a real USD? They said at one point ages ago that it was backed like 60 or 70% or something (and it didn't seem to matter to anyone) and then after a court settlement with the NYAG they released a ridiculous series of pie charts that showed it was backed by at most 3% cash (and it didn't seem to matter to anyone) the appeal of using stablecoins is, I guess, that you are just swapping coins instead of creating a taxable event by exiting the crypto ecosystem into actual money (in australia, at least, this is completely false, and every exchange is taxable). It has numerous other benefits for the supply-side of crypto including, as you say, a smokescreen for fraud and banking troubles, and keeping money in the system. I get the impression a lot of people don't even realise what they are holding and think that USDT/USDC/whatever are just dollars by a different name
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Jun 23, 2021 11:33
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this all falls firmly in the wheelhouse of my new project, contentcoin, whitepaper available now. it's a proof-of-post system, where those who create the most valuable content receive rewards and individual phrases are traced and credited on the blockchain, so divabot can never steal our posts again
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Jun 30, 2021 07:26
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