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The_Continental posted:Can someone in here explain to me what bitcoins is and how it works? it's like leaving your car idling 24/7 will produce solved sudokus you can trade for heroin
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Apr 26, 2020 02:43
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somehow even the austrian economists who normally oppose things like "monetary policy" and "control over economy" don't want chinese heat farm tokens
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Apr 28, 2020 21:33
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wide stance posted:Still waiting for the goon math of bitcoin's power curve at scale. it's about price, not usage, since 1800 coins are generated per day then a bit under 1800*price worth of actualmoney will be wasted on the mining let's assume miners get 50% discount on electricity so 4500*1800=8M USD worth of electricity so you'll need that much money from new suckers per day (or print some tethers) just to keep the ponzi running or the price will start falling, that's why it's so much worse than a regular ponzi which can run on just one madoff with a laptop
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Jul 9, 2020 15:43
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this diagram explains defi pretty well each transition is another scam
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Jul 26, 2020 16:39
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is this their new scam after kodakcoin failed? https://twitter.com/WashTimes/status/1288458134474940417 coiner legacy runs strong https://twitter.com/MontyBoa99/status/1288483118991769604
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Jul 29, 2020 17:06
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Slumpy posted:Do you rail against people who eat meat? If we're all talking environmental ethics, we'd only be in the right if we were all vegans. That's why I don't understand this argument. I'm a vegan nocoiner so obviously I have the moral high ground, but I recognize meat while is a horrorshow destroying the planet it still has some utility keeping the eater alive for a while longer, while bitcoin lacks even that. eat less meat, send bitcoins to charity or 1bitcoineater, baby steps
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Aug 5, 2020 15:27
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Gobbeldygook posted:https://twitter.com/josephfcox/status/1293929495276052486?s=19 some cool looking bitcoin bros on page 16 in that pdf
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Aug 13, 2020 20:30
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GABA ghoul posted:This is really dishonest. Bitcoin today is so much more than just drugs and child porn. There is also money laundering and buying stolen credit card numbers. Feels like you're not giving bitcoin full credit here, extortion is also a major usecase https://www.foreigner.fi/articulo/national/blackmailers-resume-extortion-of-psychotherapy-company-vastaamo/20201023182636008611.html
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Oct 25, 2020 08:14
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it's good to have a thread that's just mining USD for the forums
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Nov 30, 2020 07:50
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tether is the only good crypto, wastes no electricity since the number can just be increased at any time, the price is very stable too so far
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Dec 1, 2020 11:31
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EUR/USD is about the same it was 20 years ago RMB is the only major currency I can think of that has really gotten significantly more expensive during that time but it makes sense considering their increase in productivity
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Feb 21, 2021 10:35
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no_recall posted:I'm literally being spammed by candle charts, with fib analysis right now. It's like the stock market except unregulated so the people controlling the stock exchange are also playing against you. They can see everyone's trades first and can choose exactly what the price is and can burn shorts and stop-losses without having to involve the usual pump/dump coordination problem of having to have real money or people. Vesi fucked around with this message at 07:47 on Feb 24, 2021 |
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Feb 24, 2021 07:41
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Rooted Vegetable posted:Are you all saying that Cryptocurrency is OK if you build a Dyson Sphere? long after humans are extinct our self-replicating robots keep on harvesting star systems to power the one true coin (bitcoin satoshi vision) until heat death claims the final ASIC
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Mar 19, 2021 07:28
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spankmeister posted:I think this joke was too clever for most people. nah everyone knows maxwell's silver hammer
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Mar 29, 2021 09:43
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Baconroll posted:Is the large scale mining just money laundering ? Dirty money used for the hardware & running costs and 'clean' crypto out the other end ? it can also be a way to burn cheap fuel in hard to access places, like unrefined crude in iran or can have the miners right next to an actual coalmine in the chinese west
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Apr 6, 2021 10:30
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burning up the planet and its graphics cards for laughs & community
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Apr 20, 2021 19:28
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Cirrhosis Johnson posted:Lmao that goons are so emotionally invested in cryptocurrencies failing. it's kind of like being emotionally invested in asbestos, leaded gasoline or CFC failing
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Apr 29, 2021 05:03
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Paladinus posted:When I punched a random person in the face, I was just initiating a discussion about violence and the societal prerequisites for it. It's a makes you think kind of thing, you know. sounds like you're incentivizing improved cranial protection creation also your punches will be preserved on their face much like a battery
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May 3, 2021 16:52
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Paladinus posted:Awesome for what exactly? awesome in like giving control of your finances to a publicly available automatically executed algorithm in some javascript-like language you could lose money in ways you never even knew were possible e: maybe someone can link that article where some researcher discovered a bug in one of these contracts but wasn't able to exploit it since the bots reading the transactions would see what he was trying to do and automatically exploit the bug by frontrunning Vesi fucked around with this message at 17:55 on May 16, 2021 |
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May 16, 2021 17:52
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nnnotime posted:Why did Elon Musk decide to trash BTC now? He had to have known about the critical issues of BTC [..] I'm starting to think the musk doesn't really "know" things the same way trump doesn't, he just goes by whoever he trusts that happens to be speaking to him
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May 17, 2021 05:44
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Bleusilences posted:China didn't ban crypto but soft ban it anyway? china has some of the most of amazing and progressive consumer, labor and anti-corruption laws on the planet they're not enforced because they're used only as a tool against business/people the local or central government wants to crack down on
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May 19, 2021 08:48
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know when to blame a bug know when to pull the rug
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May 19, 2021 12:02
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Prurient Squid posted:I'm not an expert on BitCoin and I don't think about it very often. But one time ages and ages ago I was arguing with someone on Facebook about it and I pointed out that you have to download a huge file every time which means that "it has a scaling problem" which prevents it from ever being anything other than a proof of concept. He told me that BitCoin doesn't have a scaling problem and I should "google nodes" and this would explain everything. I didn't. the huge file isn't really related to scaling since a group of miners can share the same file so you just need to keep it somewhere centralized the problems are transaction delays, fees and limits to 7 (4 in practice) transactions per second, there's no solution to this other than to do everything off-chain in the unregulated exchanges and treat the actual blockchain like rai stones except you have to keep paying the miners tens of millions in electricity per day to keep the rai stones from disintegrating
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May 19, 2021 12:44
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if you can't trust the already rich people then who can you trust?
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May 20, 2021 06:36
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Honky Dong Country posted:buttcoin https://markets.businessinsider.com/currencies/news/day-trader-owns-20-billion-rear end-coins-gamestop-dogecoin-bloomberg-2021-5-1030456785
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May 23, 2021 09:40
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loving those problems where the solution is simply to use over 50% of the world's available resources for it
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May 24, 2021 03:50
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take my bags, please
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May 25, 2021 15:35
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I'm guessing instead of mining they'll just do unregulated finance, like some kind of anti-new-york or albania of the americas
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Jun 5, 2021 10:05
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MechaCrash posted:All the major players in Bitcoin keep showing themselves to be stupid, shady, or both. Why wouldn't people immediately assume Coinbase is doing the dumbest thing humanly possible at every step of the way? it's ok don't worry so much, coinbase themself said they don't do stupid shady thing
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Jun 8, 2021 09:12
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Hello Sailor posted:Decentralized vaccination records: if a majority of attendees put a NFT on the blockchain that links to ivebeenvaccinated.com, then all attendees have been vaccinated. not being vaccinated is already documented in the wiki so it'll be fixed soon
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Jun 11, 2021 08:44
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DerekSmartymans posted:How the fu…? poster above said it allows access if user-agent is set to the google scraper, one possible way to do is for text.fish to read what site you want to go to and then scrape the pages for you and present the results to make it coiner related text.fish could also insert spam and ransomware download links into the pages and start a javascript miner
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Jun 27, 2021 14:00
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we need stablecoin to prevent all these dang horses from escaping
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Jun 30, 2021 07:49
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Sinecure posted:Just... wow I don't watch videos but this was a fun article about the same thing https://sea.mashable.com/tech/16356/inside-the-shady-world-of-influencers-promoting-cryptocurrency quote:"I did get sponsored by a loving crypto today," Ross says during this stream. "They're paying me a lot of loving money to do this poo poo. It's, like, three shout outs in one hour so I'm going to loving do it." quote:However, the most revealing part of the particular instance is what Ross would go on to say about MILF Token on his stream just three weeks later. time to incarcerate a ross again
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Jul 2, 2021 07:52
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priznat posted:I assume this is good for Bitcoin: so the future of blockchain was in supply-chain management after all
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Jul 3, 2021 16:29
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starkebn posted:Why the gently caress is this the Zeitgeist right now? I've been on the internet since the early 90s and I'm now too old to get it they're the man now dog
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Jul 21, 2021 14:34
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Parkingtigers posted:Is anyone else noticing an overlap between bitcoiners and anti-vaxxers/covid truthers/lockdown skeptics? I'm seeing a fair bit of it online, but unsure if both groups are just so annoyingly large and mainstream that it's just looking that way because of numbers, or if I'm just noticing it more due to selection bias because I despise both groups so much it stands out more. Or if, maybe, it really is a thing. it's just typical contrarian behaviour, it's not enough to have one thing to be wrong about, you need to be constantly on the lookout for other things to be wrong about too
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Jul 26, 2021 00:12
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Karia posted:Yeah, here's another good thread on just what the implications are. This isn't finding a different payment processor, this is OF potentially getting blacklisted from the entire credit card and potentially banking system. They flat-out do not have a choice: they either cave, or Mastercard/Visa shut them down entirely. poo poo's bad. this model runs her own site and said she's already compliant to MC new requirements, it's just OF not willing to do the extra work 
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Aug 21, 2021 09:42
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HootTheOwl posted:It is. yeah it's a pretty blatant grab at the too much VC money that's floating around at the moment, the money quote being: quote:[..] now you’re seeing what we consider a once-in-a-lifetime alignment of the stars, where there’s interest in privacy from venture capital. There’s an interest in privacy for users. There’s interest in privacy from companies. And most of the interest from the venture capital side and the company side and the user side has been driven by cryptocurrency. I hope Chelsea gets her cut before it crashes down though, she deserves it
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Sep 24, 2021 13:41
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Heartbreaking 
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Sep 24, 2021 13:52
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JammyB posted:Anyway so... I'm still trying to get my head around I think the AWS code could be smart too if you connected your bank account to it, made the code open source and gave the public access to the endpoints
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Oct 21, 2021 14:02
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Smart Contracts