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Wutang-Yutani posted:Jesus Bitcoin sucks to use. would you consider following a proud bitcoin tradition and creating and maintaining a mycrimes.txt file?
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Mar 10, 2020 13:30
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SIGSEGV posted:would you consider following a proud bitcoin tradition and creating and maintaining a mycrimes.txt file? lol not buttcoin but this is very much in the tradition https://twitter.com/illybocean/status/1237289840435056640
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Mar 10, 2020 13:43
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Mar 10, 2020 14:04
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Wutang-Yutani posted:Jesus Bitcoin sucks to use. oh no if only people tried to warn you that bitcoin was bad...
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Mar 10, 2020 14:37
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Boxturret posted:oh no if only people tried to warn you that bitcoin was bad...
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Mar 10, 2020 14:45
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Wheany posted:i touched the poop and now my hands have poop on them!!!!! loving poop! i fuckin knew it
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Mar 10, 2020 14:48
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pretty good replies
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Mar 10, 2020 21:07
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Sham bam bamina! posted:pretty good replies
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Mar 10, 2020 21:42
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why is every page on the something aweful message forum poping up a link to goatse?
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Mar 10, 2020 22:00
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Your one(1) and only opportunity to get in on the ground floor of goatsecoin
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Mar 10, 2020 22:19
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ghost titty apparently lost CAD$14,000 in two days after reinvesting his retirement savings in cryptoodiv posted:Shot:
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Mar 11, 2020 01:12
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Boxturret posted:why is every page on the something aweful message forum poping up a link to goatse? urmom
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Mar 11, 2020 01:48
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...! posted:urmom no you are mom
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Mar 11, 2020 03:13
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Boxturret posted:why is every page on the something aweful message forum poping up a link to goatse?
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Mar 11, 2020 03:28
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http://forbes.com/sites/stevenehrlich/2020/03/10/western-nations-are-afraid-to-follow-chinas-model-to-combat-covid-19-and-thats-bad-for-bitcoin/
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Mar 11, 2020 03:28
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total-FUD-and-thats-good-for-bitcoin-actually/
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Mar 11, 2020 03:35
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Boxturret posted:no you are mom harsh, bro
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Mar 11, 2020 04:00
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I only bet on cockfighting using proprietary cockcoins. That's the only way to be safe.
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Mar 11, 2020 04:40
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Paladinus posted:I only bet on cockfighting using proprietary cockcoins. That's the only way to be safe.
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Mar 11, 2020 05:09
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Sham bam bamina! posted:http://forbes.com/sites/stevenehrlich/2020/03/10/western-nations-are-afraid-to-follow-chinas-model-to-combat-covid-19-and-thats-bad-for-bitcoin/  
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Mar 11, 2020 14:41
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what
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Mar 11, 2020 16:33
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quote:The most obvious place to look is Italy, the most effected country outside of China.
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Mar 11, 2020 18:19
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Boxturret posted:what and then I scrolled past it and the literal entire screen was filled with advertisements and a notice that they were going to sell my data if I didn't fill out a lengthy opt-out form
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Mar 11, 2020 18:20
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lol
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Mar 11, 2020 18:24
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The next Buttcoin halving is in just two months. The last few times it happened the miners were able to pump the price of butts to keep themselves solvent but this time it will coincide with the likely peak of the Coronavirus pandemic and a likely recession (caused by said pandemic). If that's the case the price will already be depressed and a pump may not take hold. If the pump fails we may finally see a frisbee on the roof scenario as mining becomes unprofitable for everyone all at same time. 
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Mar 11, 2020 19:43
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Mr.Radar posted:The next Buttcoin halving is in just two months. The last few times it happened the miners were able to pump the price of butts to keep themselves solvent but this time it will coincide with the likely peak of the Coronavirus pandemic and a likely recession (caused by said pandemic). If that's the case the price will already be depressed and a pump may not take hold. If the pump fails we may finally see a frisbee on the roof scenario as mining becomes unprofitable for everyone all at same time. this is one of those "technical analysis" things, isn’t it?
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Mar 11, 2020 19:55
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https://mobile.twitter.com/RealRossU/status/1237420215530471424
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Mar 11, 2020 21:47
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Mr.Radar posted:The next Buttcoin halving is in just two months. The last few times it happened the miners were able to pump the price of butts to keep themselves solvent but this time it will coincide with the likely peak of the Coronavirus pandemic and a likely recession (caused by said pandemic). If that's the case the price will already be depressed and a pump may not take hold. If the pump fails we may finally see a frisbee on the roof scenario as mining becomes unprofitable for everyone all at same time. recession also tanks electricity costs, so they are probably sadly able to continue mining
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Mar 11, 2020 22:27
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Zopotantor posted:this is one of those "technical analysis" things, isn’t it? the majority of terms aren't made up meaningless jargon, and the conclusions are drawn from logical implication instead of drawing shapes on a graph
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Mar 11, 2020 22:27
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Mr.Radar posted:The next Buttcoin halving is in just two months. The last few times it happened the miners were able to pump the price of butts to keep themselves solvent but this time it will coincide with the likely peak of the Coronavirus pandemic and a likely recession (caused by said pandemic). If that's the case the price will already be depressed and a pump may not take hold. If the pump fails we may finally see a frisbee on the roof scenario as mining becomes unprofitable for everyone all at same time. how does tether fit into the scenerio?
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Mar 11, 2020 22:30
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vortmax posted:how does tether fit into the scenerio? they stop being awful cowards and break the quintillion tether barrier
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Mar 11, 2020 23:02
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Zopotantor posted:this is one of those "technical analysis" things, isn’t it? I guess it technically is (  ) since it's a prediction of future market action based on past market behavior and current conditions, but it doesn't involve schizophrenic scribbling overlaid on financial charts so I'm going to say no.betalarmannen posted:recession also tanks electricity costs, so they are probably sadly able to continue mining But drop by 50%? Possible, but even in China that would be a stretch unless their economy really does go down the tubes (again, possible given the current direction the world economy is headed). vortmax posted:how does tether fit into the scenerio? It's hard to say. The Tether exchanges will all be pushing the pump as hard as possible but at some point the miners need to pay their USD or CNY or ISK to the electric utilities and I don't think they'd accept fake-dollars, no matter how fully backed, as a substitute. That said, even though this is the most likely scenario to put the frisbee on the roof it's still much more likely that they succeed in pumping (at least enough to prevent a total collapse of mining) and everything goes on as normal because  in hellworld
Mr.Radar fucked around with this message at 23:14 on Mar 11, 2020 |
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Mar 11, 2020 23:12
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so mr. ulbricht ... tell me about your mother
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Mar 11, 2020 23:18
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Mr.Radar posted:That said, even though this is the most likely scenario to put the frisbee on the roof it's still much more likely that they succeed in pumping (at least enough to prevent a total collapse of mining) and everything goes on as normal because As fun as it is to imagine frisbee on the roof, it is not going to happen. Even if 90% of mining power disappeared simultaneously immediately after a speed adjustment, it would take less than half a year to be back at normal "speed." It is about as realistic to happen as moon.
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Mar 11, 2020 23:24
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frisbee on the roof will never happen but that it exists at all is so mindbogglingly absurd. it would probably take the mining groups conspiring to fork for it to happen, which would be hilarious. maybe if side chains ever became a thing it could happen there?
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Mar 11, 2020 23:39
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frisbee on the roof isn't a problem because nobody uses bitcoin, all the action happens off-chain on exchanges. a loss of 95% of mining power and now having three and a half hours between blocks instead of 10 minutes would have zero effect on most users.
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Mar 12, 2020 00:28
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Gobbeldygook posted:frisbee on the roof isn't a problem because nobody uses bitcoin, all the action happens off-chain on exchanges. a loss of 95% of mining power and now having three and a half hours between blocks instead of 10 minutes would have zero effect on most users.  you guys are almost certainly right that the frisbee is staying off the roof (I can dream damnit  ) but I hadn't even considered that people would just keep swapping butts back and forth on exchanges even in a FOTR scenario (and the exchanges would probably just create a way to send butts between each other without a blockchain closing the circle on replaying the history of money and finance on fast forward)
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Mar 12, 2020 00:50
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weird flex in coindesk's latest Consensus promo email, but i guess they're just leaning into it so, you think coindesk are wishing they'd bought better event insurance, or
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Mar 12, 2020 00:57
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i`m literally sitting on a sofa right now. suck it, froosty`s urmom
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Mar 12, 2020 01:00
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Mr.Radar posted:
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Mar 12, 2020 01:10
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