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xtal posted:"bitcoin uses as much energy as x country" is like the nerdy version of comparing fetal development to fruit i love those comparisons because the calculation is always a lower bound that assumes everyone is using the most efficient current mining hardware, and then if you add in the other cryptocurrencies it goes up another 30% or so extrapolating out the 80% year on year growth trend of the past few years i estimate cryptocurrencies will surpass france, germany, and then south korea by 2023
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Apr 11, 2021 16:03
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pointsofdata posted:like it isn't as though mining bitcoins isn't a high cost/low labor activity at the moment. there’s a lot of human labor captured in all that coal
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Apr 12, 2021 10:29
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mediaphage posted:congratulations you have summed up buttcoin idk, there aren’t many centralized services where it’s as easy to steal significant amounts of money with such little risk
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Apr 12, 2021 11:48
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43 / male / yospos
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Apr 17, 2021 10:31
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woah. now ive seen everything.
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Apr 22, 2021 16:23
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Sagebrush posted:anything
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Apr 26, 2021 01:31
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Hammerite posted:the number of tethers printed has just hit 50 billion theyre fully backed by 50b usd too right?
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Apr 26, 2021 13:19
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Hammerite posted:i think they backpedalled on it and said they were actually 75% backed or something. so they totally have 37.5b USD its fine lol
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Apr 26, 2021 13:32
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Sagebrush posted:that statistic from a few weeks ago that bitcoin uses more power than the entire world's installed solar energy systems produce finally switched me from "vague disdain" for cryptocurrency and its moron supporters to "active hate." this stupid loving dunning-krugerrand internet funbux poo poo has completely eradicated a massive step we've made away from fossil fuels. if it makes you feel any better, that stat is probably not true. i tried looking for the data and it’s hard to find actual solar energy production numbers, i can only find installed capacity (but solar doesn’t work all the time etc so you can’t easily calculate based on that). solar capacity last year was about 3% of total electrical capacity. bitcoin uses about 0.6-2.5% of total electrical consumption currently. adding in the other shitcoins i estimate you have to multiply that by 1.3x or so based on total network hash rates so it’s maybe true in some sense but maybe not?
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Apr 26, 2021 18:15
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that’s not accurate either! bitcoins are powered by coal
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Apr 26, 2021 18:17
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https://cbeci.org/ that site seems decent at estimating buttcoin electrical usage their upper bound would place it as a top ten country, lol
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Apr 26, 2021 18:21
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oh and it’s been increasing about 80% year on year for a long time now so lol
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Apr 26, 2021 18:26
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mediaphage posted:they've been allowed to mine, if you still call it that, since march, transaction processing is set to start on may 3rd so storage is going to get even pricier before it's all said and done. ssds and nvme drives probably the most in demand, followed by hdds in descending order of size; even 4TB disks are selling out (in asia at least) because of chia ssds don’t seem sold out here in china but prices of the big ones have gone up 
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Apr 29, 2021 16:27
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Doccykins posted:https://twitter.com/RiskIndemnity/status/1395009685963649024 lol incredible
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May 19, 2021 15:23
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nvrgrls posted:I just wanna say seriously I don't think it's funny when people ruin their lives because they don't understand how bitcoin works/doesn't work, or when they fall for a scam. thank you.
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May 20, 2021 16:27
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kw0134 posted:the thing is that a margin loan in that context usually is something that is given as you're buying the security. my broker gives me 4x leverage on certain stocks (which I don't take), but my existing equity in that position is what anchors the trade if i were to exercise the margin. you can't "take a margin loan" and have cash sitting in an account, unless this is some shady bullshit that leaves the user exposed to being forcefully expropriated whenever the "broker" feels like it, which is probably the case. i think interactive brokers and a few other things like that actually do let you take a margin loan against your equity and have the cash sitting in your account
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May 21, 2021 02:51
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https://mobile.twitter.com/jessefel...ingawful.com%2F
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May 21, 2021 02:53
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kw0134 posted:that feels incredibly sketchy and if they're not charging usurious rates then welp their website says they have a 50% margin requirement and charge variable interest at benchmark rate + 1.5% for the first $100k you borrow. benchmark rate is based on risk free rate which is currently only 0.06% so it’s 1.56% interest to borrow up to 50% of whatever the value of your investment with them etrade has something similar but they charge 7.95% interest m1 finance has something similar but they charge 2% i don’t think the basic concept is that far out there. i certainly wouldn’t do it with a bitcoin exchange though lol
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May 21, 2021 15:52
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i could see doing that margin loan thing if your a 6 figgie shitlord or something with a fat stack of stocks in your account and you need to come up with an extra $10k for a large purchase or something you only get wiped out if you are borrowing the max amount and the market tanks by 50%
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May 21, 2021 15:57
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qirex posted:borrowing money to invest it is one of those things that has always seemed to me like a really good idea for wealthy people and a really bad idea for normal plebs ive thought about doing it before, but settled for holding a relatively small amount of leveraged etfs
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May 21, 2021 16:14
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kw0134 posted:I guess if you're doing a poor man's repo agreement then that makes sense but that seems like a nightmare for risk management if you're offering that to any meme stock chasing retail trader. oh you mean for the broker? for a normal person i think it could make sense in some situations but like, i wouldn’t trust my mom with that kind of financial stuff
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May 21, 2021 16:15
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ADINSX posted:I'm not loling at the fact they never had a DBA i am
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May 24, 2021 15:52
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brings a tear to my eye
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Jun 10, 2021 01:30
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qirex posted:doing a profit take and re-buying if it goes down more remember when a bitcoiner tried to do this but ended up owing a bunch in taxes and screwed himself?
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Jun 23, 2021 10:38
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Cryptoracle posted:It seems it's time once again for us to take another look back through Something Awful history for some much-needed perspective. This time we're going back all the way to Spring 2011: very funny.
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Jul 30, 2021 12:33
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i laugh every time i read the word “stablecoin”
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Aug 6, 2021 08:51
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gschmidl posted:My [31M] fiancee/girlfriend [28F] is upset that I proposed with an NFT instead of a ring. What can I do about this? lol
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Aug 31, 2021 08:52
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he’ll yeah
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Sep 24, 2021 14:31
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Armitag3 posted:Well poo poo now I'm gonna have to move to Shenzhen and take fart up on that beer is your name hbag?
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Sep 24, 2021 14:36
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just kidding! the offer extends to all yosposters
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Sep 24, 2021 14:37
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drk posted:if only there was a technology to automate the exchange of money for beer the hong kong airport has one of these 
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Nov 26, 2021 07:55
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Boxturret posted:
who the hell is spending $600 on these. i still dont get it
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Nov 30, 2021 00:59
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Truman Peyote posted:i was at a dinner with some nft people this weekend. i basically kept my mouth shut but they were unsurprisingly discussing it purely in terms of how much they could expect to sell it for in the future. it could be screen grabs of color swatches and it would be exactly the same to them have those people actually flipped any for a profit? why buy a secondhand one instead of just waiting for lazy lions to pump out more nfts and getting a new one
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Nov 30, 2021 01:48
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Khorne posted:It was supposed to be in 2016 but it turns out there are fundamental problems with proof of stake. turns out? you mean the problems everyone thinks of instantly upon hearing the concept?
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Mar 27, 2022 16:41
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Shame Boy posted:when i first heard about bits coin i think i downloaded the wallet, got like 0.1 bits coin from a faucet (which is worth thousand of dollars now!!!!!!!), realized there's actually nothing useful i could do with any of this and the whole thing is real stupid, uninstalled everything and deleted the 0.1 bits coin a very long time ago i had a turbonerd friend mining bitcoins with his desktop computer 24/7. he told me he was earning about 4 or 5 bitcoins per week, which he then sold and it either barely or didnt quite cover the electricity cost of mining them. i told him the whole thing sounded really dumb and i hold to that
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Jun 22, 2022 16:18
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speaking of modern forums, is richard still migrating the forums to xenforo?
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Jun 23, 2022 08:50
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xenforo is dead?
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Jun 23, 2022 09:00
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could we put yospos on the blockchain?
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Aug 12, 2022 02:44
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Kill All Cops posted:yes ill start the wiki?
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Aug 12, 2022 05:13
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Boxturret posted:well, it's not really changing all that much. just instead of the people with the money to buy a million graphics cards and run them constantly having the power to do what ever they want and getting more and more coins it's now people with the money to buy a ton of coins having the power to do what ever they want and getting more and more coins now those guys can play a million games at once
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Sep 16, 2022 09:31
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