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Janitor Ludwich IV
Jan 25, 2019

by vyelkin
i never thought i'd say this but now might actually be the time to buy one of the internet funbux. Are you able to sell these things and get your cash back yet?

with the world threatening to turn on the money faucet it might actually be a decent hedge against the devaluation of cash dolla

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Janitor Ludwich IV
Jan 25, 2019

by vyelkin

Alan Smithee posted:

I never thought you'd say this either cuz you don't post here

true I think I have posted here maybe twice. I use to poo poo up the GBS thread regularly around the 19.6k to bust glory days on my previous account (not seraph84)

Janitor Ludwich IV
Jan 25, 2019

by vyelkin

Alan Smithee posted:

how do you plan to use crypto when infrastructure fails

i dont think infrastructure is going to fail, nor do I think the economic system is going to collapse, I just think bitcoin will be going up if the value of the dollar is going down as world governments pump cheap money into the 'conomy to stop coronavirus from sending the world into a deep recession/depression. But this might be my Australian experience talking. Our recession was inevitable.

Janitor Ludwich IV
Jan 25, 2019

by vyelkin

KnifeWrench posted:

even if your logic holds, why gamble on digital funbux when you could park your money in a physical good with actual utility?

like, oil is cheap rn. what makes cryptocurrency a better hedge?

Could stock up on facemasks and hand sanitizer but I missed the boat on that one.

Beyond that it is probably easier for someone like me to throw my money at the internet casino rather than invest in oil

Either way I don't have the capital to do poo poo besides be angry about stuff. If I did I'd probably lose it all making rash decisions like buying shitcoin and suggesting that maybe shitcoin go up now on an internet forum where there is too much rationality about shitcoin being poo poo for good reason. Even if it goes up you still lose by owning bitcoin

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
buying oil instead of shitcoin lmao

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
too fat to return the trolley secured to the back of my mobility scooter

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
didn't elon help with the dumping? He's probably already cashed out if he's going around saying buttcoin

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
i haven't really followed bitcoin since the last crash from 20k to 3k, who has been rigorously documenting all of the funniest moments on a geocities page for me personally to catch up on.

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
https://www.youtube.com/watch?v=NF7YJ5fhH5s

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
i'm sweating trying to find a use for blockchain technology before my life savings are evaporated by jelly hands

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
bitcoin was born of an aggressive probing conducted by sovereign citizens upon your friend in high school who tried to tell you computers are cool

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
i wonder if i can issue enough shitcoin backed by my childs very legitimate disclosure.docx to purchase the bitscoins and sell it for real money


wait can you actually get real money in exchange for bitcoin yet
?

Janitor Ludwich IV
Jan 25, 2019

by vyelkin

infernal machines posted:

maybe if you keep asking you'll get the answer you want

this is way too cryptic, please take off your cryptography degree and speak to me in plain english

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
what happened to the yeah taht use to just post the yeah emoticon he was cool and would have agreed with me

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
maybe it was a no emoitcon but im pretty sure he just posted an emoticon every time boxturret posted but either way he was agreeing with me but perhaps ironically

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
i just remembered

infernal machines posted:

remember when people were buying theoretical bitcoins from mtgox bagholders on the premise that one day they'd get their balances back?

:same:

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
he had a gallah for a picture


or was it a cuckatoo

Janitor Ludwich IV
Jan 25, 2019

by vyelkin



finally cum is back on the menu

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
when will i be able to trade entirely in legal porn i've downloaded off the dark web for several thousand worthless fiat dollars

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
im hedging against my sizable investment in cumrocket with some pornrocket

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
finally china might have enough electricity to keep their factories open for more than 3 days a week and go back to making my cheap electronics

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
is there a metacoin yet that is pegged to the total crypto market cap

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
how long till suicide hotlines are back on the bitcoin reddit

trading put and call options, 100-1000x leverage only

Janitor Ludwich IV
Jan 25, 2019

by vyelkin

Deep Dish Fuckfest posted:

the gently caress does "safu" mean? safe as gently caress?

https://www.youtube.com/watch?v=DelF6zEHXpE

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
look, i have the money ok, but i just don't have it right now, it's complicated financial stuff. Just settle down ok

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
be your own bankruptcy

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
I'm Mike Burgersburg and I approve of burgin down watching coinbase

Janitor Ludwich IV
Jan 25, 2019

by vyelkin

some great discussions re the merits of going from porn to marketing assistant to head of institutional lending itt

edit: linked deleted as even if her merits are questionable there's some stuff on there that should probably be gone.

Janitor Ludwich IV fucked around with this message at 05:06 on Jun 15, 2022

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
seth is always green

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
That is probably lightweight crimes for the porn industry but yeah that's bad, sorry person of interest, I hope you find a good new role post celsius.

Janitor Ludwich IV
Jan 25, 2019

by vyelkin

Just-In-Timeberlake posted:

lol is Coinbase down? did somebody unplug the router?

still watching trades go through here

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
the lawyers appointed citigroup to help ransack the remaining assets in the company in consulting fees

alex was right

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
tether's market cap looks interesting over the last 7 days

Only registered members can see post attachments!

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
rugged hard, put away broke

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
couldn't you just issue your own shitcoin, wash trade it up to a price then take out a loan against your market value?


seems like anyone could do that if they can afford the price of creating a token and then you'd have to get it onto some exchange i guess?

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
how come the number isn't going up when all these people are killing themselves or hodling or having hodl mode enforced upon them and locking their coins in wallets never to be seen again? surely that means bitcoins are even more rare and it is not an indictment of how terrible griftocurrency is at doing anything valuable for anyone or anything

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
bitcoin go down?

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
What I like about cryptocurrencies, whether it is bitcoin or any other yet-to-become major cryptocurrency, is that it is impossible to steal it, unless you use torture.

I know very few theftproof things. Actually I don't know any of them.

I can put some gold in a safe, but any thief with appropriate tools can open any safe. I can hide it somewhere in a desert place, but anyone could just find it and take it.

Real estate is so easy to steal if not protected by public force. Diamonds are small so you can easily hide them, but still, it's not perfect. I've heard that during WWII, some jews hid some value using very rare philatelic stamps. It's good, but not very reliable, imo.

Cryptocurrencies are theftproof, as long as cryptographic functions can not be broken. And so far, they can't. Therefore the only key to access your wallet, is the passphrase you stored in your mind.

If I'm right, if cryptocurrencies are really theftproof, then they are priceless.

Janitor Ludwich IV
Jan 25, 2019

by vyelkin
Technically, it is impossible to steal them because technically, they are not property.

Apart from that,

They can even be protected against divulgation by torture.

Store your wealth in 1000 wallet.dat files. Make sure that you use a scrambler to make the transactions so that it's impossible to link those bitcoin addresses to you. Then hide the wallets in different places. Perhaps Truecrypt hidden volumes. Perhaps Truecrypt hidden volumes nested inside hidden volumes. Perhaps usb sticks buried in your garden. Perhaps steganographically stored in a photographic print in your grandmother's house.

When you get tortured, divulge only a few of you wallet.dat files. The torturer can never know the true number.

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Janitor Ludwich IV
Jan 25, 2019

by vyelkin
that's because this is financial advice, buy the dip

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