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BeOSPOS posted:this video is now online: http://www.whdh.com/story/24781403/bitcoin-kiosk-opens-for-business-at-south-station i dont want to put in the effort to pull out the quote but hes talking about how bitcoin wallets can't be hacked and two seconds later says "as long as you do security on your side". so...it can be hacked. and unlike credit cards you are responsible for btc fraud. great sales pitch
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Feb 22, 2014 00:26
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BUT now there's an update! and this is PRO AS gently caress plz watch 
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I don't know about you guys but I'm loading up on BTC (self.Bitcoin) submitted 20 hours ago by AngusOfPeace With companies like overstock.com accepting bitcoin, it is safe to say bitcoin is not going to die anytime soon. If history means anything, every time bitcoin "crashed", the price skyrocketed soon after. We're in a pretty strong demand zone right now. Anything below $600 is a bargain IMO. []pyalot 96 points 17 hours ago Client of mine has trouble with his bank, asked me if I'd accept bitcoin. Sure do. Invoice was paid 5 minutes later, across national borders, without a fuss, and a minmal fee that's a teensy fraction of the usual wire transfer fees. The goxtrolls have no loving clue what this means. All they see is the price. []commander-worf 19 points 17 hours ago WHY AM I YOUNG AND POOR!?! []tastypic 10 points 16 hours ago I work too hard to be this broke! If it makes you feel any better, I was broke when btc was at $10, and asked my dad for a $1000 loan. He declined. []notreddingit 1 point 6 hours ago At least you'll always be able to quote him the btc price to remind him how much money you could have had  []diglig 1 point 2 hours ago You should have asked him again when the price hit $20, $30, $75 and so on. Hopefully he would have agreed to lend you money by the time BTC hit $100. Persistence is the key in asking for money. []milkywaymasta 21 points 20 hours ago I think when Circle.com comes out with their products the price will shoot up. Don't know why. []ConditionDelta 18 points 18 hours ago You know why. They're up to huge things..a bitcoin company with the same people who sit on the boards or advise some absolutely huge names. []s1kx 1 point 1 hour ago* My guess would be they are building a competitor to Square that accepts Bitcoin payments (or at least opens an interface for adding cryptocurrencies on your own), possibly with NFC support. Since it's targeted for mainstream adoption, I would guess it optionally supports autoconversion to fiat money (but hopefully with a nice fee on top of it, to encourage keeping BTC). This would enable the average joe owner to accept this "trendy BTC thing" without understanding the complicated internals of it. The obstacle of setting up a wallet and understanding how to get customers to pay to it and how to get USD out of it is what is keeping Bitcoin short of being adapted by the majority share of stores that are interested so far. And about colored coins: I doubt they would do a hard fork and not take advantage of Bitcoins $7B valuation already. There would not even be much of an advantage, since isolating their currency would expose it to high volatility (miners and investors jumping on and off board depending on every single news article about their product) By the way: Notice the similarity between "Circle" and "Square", even their logos... []NEExt 7 points 19 hours ago Been buying slowly for 2 months and I'm up to a fair number of coins now with a basis of around 650. If it goes to 450 I want to buy another dozen but I think my wife (who has been very understanding to this point) will throw a fit. Hell, she's probably right to. I'm only investing about 5 percent of our retirement savings, but I guess that's a lot for such a risky investment. []deadcow5 17 points 19 hours ago I'd like to, but I bought 3 coins back when they were trading at $820, freshly downgraded from over 900, so I'm surviving on ramen noodles until I get my next paycheck. :/ []e-view 1 point 12 hours ago One can always selll with -30% loss, its not a biggie. You should thank such people who still has such a strong belief. I'm one of them and know quite a few people who leave like 30% of their salary to pay the bills and the rest goes on the bictoin. The best was one friend of a friend who was pumping every bitcoin since the begging. Now he has nearly one million pounds  []belieber1 3 points 8 hours ago I turn 100% of my pay into bitcoins, use credit card, pay my bills with bylls.com. Whatever's left over by next payday goes to cold storage or silver. Talk about incentive to spend less. []92JMFL 4 points 15 hours ago How can I buy BTC at this huge crash? Bittylicious still has them for £400 in the UK! []Cygnus_X 6 points 9 hours ago Buying in times of fear, turmoil and panic is often far more profitable than buying in times of hype, greed and euphoria. So, I continue to scoop up what I can when I can. Also, if you really think we're going to $10,000 per coin, how much does it really matter if you bought at $800 or $500? []Jeckee 7 points 18 hours ago It is all a guess, but I have a couple thoughts. I could see the price even going to like $300 over the next couple months before we see the next pop to hopefully like $3,000. It also seems like there are a lot of things going on at once. Everyone that is against Bitcoin is doing everything they can to ruin it. They must be coming at it from all angles; propaganda on social media, propaganda in the news, DDoS attacks, arrests, corporate infiltration, confiscations, and price manipulation. Also on a more positive front, people and business with lots of money to invest probably hired people to put the system to a test by trying to exploit any security breaches before large investments are made. I have also been a buyer as the price continues to drop. I don't really mind short term price drops because I am long-term bullish. []schism1 1 point 7 hours ago If you study some of the past bubbles we are probably around the bottom now and the pop being more like $5000. []GSpotAssassin 3 points 12 hours ago Bitcoin doesn't give a gently caress about its price in counterfeitable inflationary fiat. Because it is a loving protocol. []PIXEL_MACHT_FREI 2 points 18 hours ago Bought about 95-ish BTC today and actually got some family members freshly involved into it. Let's see. []WanderingMayor 1 point 18 hours ago Amen, under 600 is a fire sale right now. It was stable at ~800 before the malleability hiccup. []Amanojack 2 points 16 hours ago If you believe, like I do, that the Gox hysteria is overblown, you can get them for 5x cheaper. $90 bitcoins in 2014? Fortunes will be made on this bet if MtGox muddles through like they usually do (albeit with extreme ineptitude). []haho9999 1 point 9 hours ago Don't kid yourself, anything below $1,000 is a bargain.
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Feb 22, 2014 00:35
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quote:[]commander-worf 19 points 17 hours ago poverty is... WITHOUT HONOR
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Feb 22, 2014 00:37
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Joementum posted:poverty is... WITHOUT HONOR when klingon miners die they go to bit'vo'kor
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Feb 22, 2014 00:44
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people really think that counterfeiting is a huge concern for the average person????
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Feb 22, 2014 00:49
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Magic Underwear posted:i dont want to put in the effort to pull out the quote but hes talking about how bitcoin wallets can't be hacked and two seconds later says "as long as you do security on your side". so...it can be hacked. and unlike credit cards you are responsible for btc fraud. great sales pitch Bitcoins are completely safe until someone gets your private key. Then they are gone forever. So you either trust your wallet to a web wallet and hope the website doesn't get hacked, or keep it on your PC and hope you never get infected or hacked, or print out a paper wallet and never touch it until you want to spend, and then move those Bitcoins to a new paper wallet. Maybe computer savvy people can keep up with this, but most people get viruses and aren't going to want to make a series of cold storage wallets just to keep their money from disappearing. Bitcoin is secure on paper, but it's insecure in practice.
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Feb 22, 2014 00:52
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am i the only one who sees "BTC" and imagines some breathless goddamn nerd shouting "BEEE TEEE SEEE"
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Feb 22, 2014 00:55
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theflyingorc posted:people really think that counterfeiting is a huge concern for the average person???? well fake bill used to be somewhat of a problem 10 years ago, now with our fancy pants polymer bills loaded with security features, good luck
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Feb 22, 2014 00:57
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killhamster posted:am i the only one who sees "BTC" and imagines some breathless goddamn nerd shouting "BEEE TEEE SEEE" probably doing that thing super spergs do where they have sudden super loud outbursts with a shatter-esque affectation
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Feb 22, 2014 00:57
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there's one time I tried to pay for mcdonald's in the states with a brand new 100 (long story) and the manager went nuts because her bullshit security pen marked it. I just rolled my eyes, pocketed the bill and paid with a credit card. used the same loving bill (it literally went bank - courier - my boss - me, it was real) twenty minutes later with no problem that's my counterfeit money story
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Feb 22, 2014 01:01
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killhamster posted:am i the only one who sees "BTC" and imagines some breathless goddamn nerd shouting "BEEE TEEE SEEE" you don't need to imagine https://www.youtube.com/watch?v=J15k56mJM68
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Feb 22, 2014 01:05
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Greyhawk posted:you don't need to imagine i'm the eve online (?) backdrop
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Feb 22, 2014 01:11
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...! posted:bitcoins were not exactly at the top of my priority list what the gently caress? get out you fucker!
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Feb 22, 2014 01:12
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Greyhawk posted:you don't need to imagine this is someone who needs to run into a fist over and over and over again
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Feb 22, 2014 01:13
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i saw another bitcoin atm post on hackaday i'm wondering if the things are proliferating because they are presently the best way of turning your bitcoins back into real money stuck with thousands in useless bitcoins? slap an arduino onto some plywood, leave it in a public area, wait for suckers to use your "atm"
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Feb 22, 2014 01:15
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buttcoin automatic rear end to mouth machine
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Feb 22, 2014 01:19
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Shifty Pony posted:one thing i wondered if whether it would have made more business sense to design a more generic chip, capable of just running x-rounds of sha256. you could pair it with a small arm cpu that would handle the initial pre-compute you are talking about and and distribute that+nonces to the asic hash units and you would still have what i expect would be a very efficient system for butt mining. yet you could also take the chip and sell it as a stand alone sha256 unit, which other manufacturers or even hobbyists could integrate into actually useful things. that would require spending real money on licensing an arm core, and it isn't cheap or easy to do this, especially if you're a nobody of course one could just use the open sores CPU core from opencores.org, which I think the ASICminer guys did (they are opencores guys so of course they were going to throw it in their chip). however it isn't a very fast CPU core the other problems: - redesigning the array to handle high performance data movement would probably kill its GHash/watt efficiency - high performance io requires licensing and integrating something like a PCIe core and phy - who (hobbyist or otherwise) will pay money for a general purpose sha256 accelerator, there's just not much use for this outside of bitcoin the last part is real important, you're compromising your chips performance for its main market so you better be gaining a lot of sales in return for the extra time and money you have to spend up front (and note that if you're smarter than the coiners you're selling to, you'll be aware that there's an unknown future date after which nobody will buy chips to mine. time is of the essence in selling to gold rushers so it's not a great idea to take on extra schedule, need more designers and design validation, etc)
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Feb 22, 2014 01:23
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The training wheels are off, people. (self.Bitcoin) submitted 8 hours ago* by unusedredditname I LOVE the concept of a free market using cryptocurrency. There are countless benefits that you can name easily, but we need to recognize the negatives, many of which are temporary! This is the first time in centuries mankind has experienced a truly free market, and frankly, we're not used to it. This is what ALL markets do, they hit their rough patches, and support structures pop up as the market asks for solutions. Some examples: a "consumer reports" for merchants, a confirmed transaction buyer/seller review board (which digital signing would support brilliantly), or market watch firms monitoring for manipulation. But we're not there yet. This idea is in its infancy, and there WILL be growing pains, but they WILL BE WORTH IT. So believe me when I say there will come a time when you'll BEG ON YOUR HANDS AND KNEES for the "good ol' days" of Mt.Gox. An exchange offering to hold all your private keys in exchange for quick and easy day trading becomes insolvent? How quaint. If you're prepared to contain your rage when [politician you hate] gets 10,000 BTC from [political org you hate], or worse, from 2,138,703 anonymous addresses in one TX... If you're ready to shrug blithely when an unknown government with unlimited fiat buys HALF the BTC in existence to 200M different addresses, waits a year, then dumps them all back on the market... If you'll step back from the ledge when your leveraged BTC account hits a margin call for the equivalent of $5,663,011 on the first BTC Black Friday... If your mind is allowed to boggle at the possibilities every bad actor in the fiat economy will dream up to take advantage of YOU with this new technology... ... and you still want BTC? Then great. Because if cryptocurrencies are allowed to achieve their ideal, all those things are coming... and with much, MUCH more. Ideas with that can change the course of human history, liberate billions of people, and upend the thrones of generations of oligarchs, are extremely powerful tools. Powerful tools must be respected. BTC isn't a brand. BTC is not the new iWhatever. BTC doesn't ask for your approval. BTC won't flounder if you don't personally support it. BTC doesn't grow as you extoll its virtues. BTD doesn't shrink as you click a down arrow. BTC is heavy machinery. If operated correctly, it can upend mountains, multiply will thousand-fold, accomplish what was previously impossible, create opportunity that has never existed in the history of the world. If operated carelessly, it will grind you to a pulp before your neurons begin to fire the requisite order to congeal the thought to move your lips and diaphragm to form the word "oops." If this is too much, if the risks are too great, you can personally opt-out at any point. But if you do, know the machine isn't going anywhere. It WILL be operated, and it WILL affect you, directly or obliquely. If you feel like you can handle the responsibility, then operate it with the right mix of respect and fear, and empower yourself to do great things. TL;DR: Ignore the full implications of Cryptocurrencies at your personal peril. EDIT: FACEPALM If you think this is anything but a warning, read it again. If you think this is all rah-rah bitcoin, what part of "grind you to a pulp" didn't you understand? If you think you're "too smart" for this new market to "grind you into a pulp," then you should stop using bitcoin right now. You gotta be pretty smart to be that dumb. If you think the possibilities I listed are nothing more than grandiose navel gazing, and can't see the potential to upset entire nations by severely limiting their ability to tax income and control currency, then by all means, continue. I can't help you. If you leave here without a sober perspective you didn't already have, read it again. []korzybski 5 points 3 hours ago I LOVE the concept of a free market /thread []Helvetian616 6 points 3 hours ago This is just pure irony; stated in a world that worships the power of big government and unlimited state power. When people seek alternatives, it's call a religion. Like calling atheism a cult (which I've also heard many times.)
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Feb 22, 2014 01:45
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theflyingorc posted:people really think that counterfeiting is a huge concern for the average person???? about as common as accepting international money wires for their paychecks, yes
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Feb 22, 2014 01:46
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Please ask your favorite exchange to prove that they are not running a fractional bitcoin reserve. (self.Bitcoin) submitted 5 hours ago* by comboy Idea comes from gmaxwell and is explained here: https://iwilcox.me.uk/v/nofrac Here's some more description: http://www.reddit.com/r/Bitcoin/comments/1yj5b5/unverified_pastebin_gmaxwell_irc_log_mtgox_was/cfkze3p And as the guy that runs bitcoinity I'd like to promote the first exchange that implements it.
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Feb 22, 2014 01:47
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Kashmir Hill, Forbes Staff For Overstock CEO, Bitcoin Isn't Just A Publicity Stunt To get to Patrick Byrnes house in Utah, one will drive by snow-covered trailers and the rusted-out trucks from which theyve been unhitched. Overstocks CEO does not live in a glamorous neighborhood. So when he opens his own garage to reveal two Teslas gassing up on their electric pumps, the contrast is jarring. The newer black one is the Model S and the older silver one is the Roadster, Teslas first $109,000 offering which Byrne bought as soon as it came out five years ago. His tall frame doesnt fit in the small car unless he has the roof off. I can only drive it three months of the year, says Byrne, 51. Such is the pain of being an early adopter of technologies still working out their kinks. The latest to catch the libertarian-at-hearts eye, and wallet, is Bitcoin. Overstock famously started accepting Bitcoin in January. The Bitcoin community was thrilled to have a big-name retailer start accepting their five-year-old digital currency and rewarded the site with orders. In just a month, the site that sells everything from furniture to jewelry saw $870,000 in sales with almost 4000 orders. The most popular items among Bitcoin buyers were, oddly, sheets, followed by computer equipment and cell phone accessories. Byrne says that an offhand remark to a reporter in December about the site potentially taking Bitcoin led to massive press for Overstock, which resulted in a mad rush to get the payment system up and running as soon as possible. Thanks to Bitcoin payment processor Coinbase flying an employee to Salt Lake City to work with Overstock and locking 40 people in a room for a week, the sites experiment was live months earlier than they had vaguely planned. And Byrnes interest in the cryptocurrency was piqued enough that the gold bug cashed in several million dollars worth of the gold he was holding (for the inevitable zombie apocalypse/U.S. financial failure) to convert it to Bitcoin. Hes emphatic about that happening at the end of January, after Overstock started taking Bitcoin, to fend off anyone who might accuse him of pumping up the currencys value for his own sake. Overstock CEO Patrick Byrne converted several millions worth of gold into Bitcoin Im holding it like I hold gold. I want a robust safety net as things play out. Ive always had misgivings about fiat currencies. Gold was the answer but it doesnt translate as well in the digital age, he says. Bitcoin would certainly be easier to carry around and spend after the apocalypse (if Wi-Fi survives), though his gold holdings are still larger than his Bitcoin. Byrne is reclining on a comfortable piece of furniture he calls the opium bed next to the fireplace in his snow-surrounded wooden cabin, which he rents rather than owns. The beads hanging in a doorway and the smell of incense give the place a New Age feel. Two cats rescued from a barn, one eyeless, wander the home in jeweled collars, while horses wander the backyard. The son of businessman Jack Byrne who headed Geico, Byrne grew up in Vermont and lived for a time in California. He says he chose Utah as his headquarters for the quality of life: Biking, camping, climbing, Moab are all at my doorstep. Byrne made his millions as e-tails undertaker snapping up merchandise from failing dotcoms during the tech bust and selling it on the cheap. The companys low 2-3% profit margins on sales were part of the appeal of Bitcoin, eliminating the cut taken by credit card processors. The company does still pay Coinbase an undisclosed fee to convert their Bitcoin to U.S. dollars but its lower than what credit card companies charge. Overstock is now going to pass some of those savings along rewarding Bitcoin shoppers with 1% on their spending. Theyll get $1 back in Club O bucks when they spend $100 worth of BTC. I want to be able to pay vendors and employees in Bitcoin too if they choose, says Byrne. Im doing this because I want to further the cause of Bitcoin. And not just Bitcoin, but all stateless cryptocurrency. Byrne says he wants to accept other alt-coins, such as Litecoin, as soon as cryptocurrency payment processors add them to their rolls. Representatives from Coinbase and Bitpay said they have no plans to do that anytime soon. Its fair to say that Byrne has an eye for recognizing opportunity in new technologies, but like his first Tesla, Bitcoin still has kinks. This month has seen its value decline as Bitcoin exchanges experienced problems around a malleability bug; Tokyo-based Mt. Gox halted withdrawals because its customers were able to make double withdrawals by exploiting the bug. Critics said Mt. Gox could have coded around it, but these are the growing pains of a new technology. On top of that, there have been a slew of Bitcoin-related criminal indictments of late, mainly for money laundering. There are dodgy characters in Bitcoin, says Byrne. But there are dodgy characters in cash too. Byrne thinks Bitcoins security features will outweigh this. I dont want my credit card details with 100 different sites, says Byrne. Neither does anyone else. Famous for his criticism of naked short selling, Byrne says he is very interested in a Bitcoin version of the stock market, where settlement goes through the blockchain meaning you would have to prove ownership of a security to be able to sell it. It would be his dream come true if shares were issued in a Bitcoin-like blockchain and transfer of them happened as it does with the virtual currency. The use of the Bitcoin protocol to prove ownership of anything from car titles to shares of stock is one of the bigger picture uses its supporters are trying to popularize. Byrne says he tuned into cryptocurrency reading science fiction books such as Snow Crash and Black Swan. He was also open to it as a long time little l libertarian, and someone who had studied computation theory in his Stanford days. Like many early Bitcoin enthusiasts, Byrne is attracted by the idea of having a financial option outside of state control. Hes extremely critical of the Federal Reserves policy in recent years, saying the country needs chemotherapy to recover from the decades fiscal problems. We are on a crazy strategy with our central bank, he says. Its good to have alternative ecosystems. Its not that the dollar will go away, but we need other options if it crashes or wildly inflates. I dont think we ever got out of the recession. Weve been reinflating the bubble and calling it recovery. When you hear Byrne talking like this, you realize that for him, taking Bitcoin at Overstock isnt just a publicity stunt to get attention. He is a true Bitcoin believer. We want enough people adopting Bitcoin for a robust infrastructure, he continues. Its an act of patriotism. It gives the country a robust parallel system.
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Feb 22, 2014 01:52
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someone's getting a little cranky on github: Testing and code review is, as always, the bottleneck for getting out a release with these changes. We have a chronic problem with people running Bitcoin services on top of the core code waiting until there is an "official" release, and then assuming that somebody else has done the hard work of reviewing and testing the changes. YOU SHOULD NOT BE MAKING THAT ASSUMPTION! Your particular RPC call usage might trigger some edge-case bug that was missed, or perhaps the size of your wallet triggers a performance problem introduced by a fix. Or, in other words: do not treat the core development team as if we were a commercial company that sold you a software library. That is not how open source works; if you are making a profit using the software, you are expected to help develop, debug, test, and review it. -- -- Gavin Andresen
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Feb 22, 2014 01:53
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...! posted:Please ask your favorite exchange to prove that they are not running a fractional bitcoin reserve. (self.Bitcoin) quote:<gmaxwell> iwilcox: the idea is simple enough. Two halves. First you show how
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Feb 22, 2014 01:55
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...! posted:Byrne says that an offhand remark to a reporter in December about the site potentially taking Bitcoin led to massive press for Overstock, which resulted in a mad rush to get the payment system up and running as soon as possible. Thanks to Bitcoin payment processor Coinbase flying an employee to Salt Lake City to work with Overstock and locking 40 people in a room for a week, the sites experiment was live months earlier than they had vaguely planned. And Byrnes interest in the cryptocurrency was piqued enough that the gold bug cashed in several million dollars worth of the gold he was holding (for the inevitable zombie apocalypse/U.S. financial failure) to convert it to Bitcoin. Hes emphatic about that happening at the end of January, after Overstock started taking Bitcoin, to fend off anyone who might accuse him of pumping up the currencys value for his own sake. Yesssss.
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Feb 22, 2014 01:58
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if overstock is based in SLC they probably tithe 10% to the church. does LDS accept bitcoin?
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Feb 22, 2014 02:01
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laff out loving loud
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Feb 22, 2014 02:01
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Sweevo posted:just lie and say they're something else? doing precisely that got a bunch of bitcoin asics blocked from import last year
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Feb 22, 2014 02:04
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Cantorsdust posted:aren't there rules about importing/exporting cryptographic equipment from china, though? and on that note how the hell did the asics get through? it would depend on what the eccn # is, but i don't think these asics are covered by category 5 part 2 tbh so it wouldn't be an issue also there are chinese asic makers making the entire exercise pointless
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Feb 22, 2014 02:05
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Install Windows posted:doing precisely that got a bunch of bitcoin asics blocked from import last year
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Feb 22, 2014 02:09
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Dr. Honked posted:laff out loving loud
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Feb 22, 2014 02:14
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anthonypants posted:iirc they still aren't CE/UL approved you don't need it fcc would be harder but shipping the asics as component cards that plug into a computer and they'd have no trouble importing. miners want their own crazy power supplies and "cooling" anyways
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Feb 22, 2014 02:27
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hobbesmaster posted:you don't need it
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Feb 22, 2014 02:31
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possibly, i only somewhat know us stuff
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Feb 22, 2014 02:35
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anthonypants posted:i thought some guy in germany couldn't get his electronics imported because they didn't have the CE rating? http://butterflylabssucks.blogspot.com/2014/02/butterfly-labs-caught-allegedly-faking.html (buttcoin article has been edited)
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Feb 22, 2014 02:37
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anthonypants posted:i thought some guy in germany couldn't get his electronics imported because they didn't have the CE rating? p sure it was just a case of being charged higher import tax since it wasn't CE rated? also it probably wouldn't be legal to sell on retail shelves. surebet posted:well fake bill used to be somewhat of a problem 10 years ago, now with our fancy pants polymer bills loaded with security features, good luck in the us at least the cost of counterfeiting bills is generally high enough that anything less than like $50 isn't worth it, unless you want to risk rejection by counterfeiting decade plus old bills that had less security features but would be hard to properly wear down = very difficult to spend in bulk
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Feb 22, 2014 02:38
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SynthOrange posted:Yesssss. of course the overstock ceo is a gold bug. of course.
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Feb 22, 2014 02:52
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was batcoin already posted
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Feb 22, 2014 02:55
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this thread starts out kinda funny and then devolves into pure  Remember that guy who was looking for a place to buy an engagement ring with Bitcoin? Well, thanks to Overstock.com and Coinbase (imgur.com) submitted 13 hours ago by valerian253  []hiddenb 16 points 12 hours ago I think this is the ring. http://www.overstock.com/Jewelry-Wa...VCA&searchidx=1 []DuckTech 7 points 5 hours ago So I sign onto facebook and... http://imgur.com/3rCQ6Jf Ugh... what the heck. []Descryer 1 point 4 hours ago I was on Facebook too and read your comment. Refreshed the page and I see the exact same thing. []hpshout 79 points 12 hours ago We've progressed enough to start using cryptocurrencies, but apparently humans have yet to realise how the DeBeers "tradition" of engagement rings is a huge loving scam (and also that diamonds are inherently worthless) []GSpotAssassin 46 points 11 hours ago Note: This argument doesn't work against most women, even if you suggest paying for an expensive and memorable vacation instead. :/ []bitcoins 3 points 2 hours ago My wife fooled me, I said how about a big trip instead? "OKAY!" After the trip she wanted a ring...she luckily was okay with a pretty basic one  it's tradition, people expect it[]GSpotAssassin 2 points 2 hours ago I have seen the "fooling" thing a number of times. I know I'm probably fairly older as Redditors go but fighting the status quo is hard []namril 2 points 3 hours ago GSpotAssassin knows what's up. I recently bought some diamonds for the woman, and your comments throughout this thread explain exactly why I did, with full knowledge of the ridiculousness of it all. []GSpotAssassin 1 point 3 hours ago I often get downvoted just because I speak from experience. (Of a 41 year old successful single guy lol) []GSpotAssassin 26 points 9 hours ago Nah the thing with the ring is, it's for women to show off to other women. The genius of DeBeers, if you want to call it that, was to lodge its shiny trinket directly into the center of high inter-female tensions, jealousies and petty insecurities. Meantime, good luck with the fapping, because out in the Real World, you won't find many women sympathetic to your principles []amendment64 8 points 8 hours ago My girl is nothing like this. There are many women out there who don't care about shiny rocks and a deliberately exclude themselves from that sort of toxic community. Make a girl watch the movie blood diamond and it can change a lot of their perceptions on the diamond market. Then again, a lot of women still want that diamond ring regardless of the repercussions, so it comes back to finding the right girl. TL:DR gently caress diamonds. []GSpotAssassin 2 points 8 hours ago I agree with you, but I have had a hard time finding those women, that's all. Lucky you? []whateverbites 1 point 6 hours ago I've talked to women who have specifically asked for a IF or VVS1 blood diamond because then not only is the stone worth a lot but they know someone probably died to get it to them. This made it more valuable to them than say a normal boring diamond purchased in a store or a completely conflict free manufactured gem. They were all friends and there was no convincing them otherwise. []whateverbites 1 point 6 hours ago As opposed to one that someone killed or died for. I guess it's probably the desire to have a diamond with history to it and they know the hope diamond is out of reach. []GSpotAssassin 2 points 8 hours ago I never said that, I'm just speaking from experience, even if a woman pays lip service to forgoing the ring, when push comes to shove, they will resent it Trust me, I have tried all these avenues as I also think it's a waste of money for a depreciating shiny trinket []nostdal_org 6 points 8 hours ago "Nah the thing with the ring is, it's for women to show off to other women." Who'd want a woman like this. []sawtoothy 5 points 8 hours ago Turns out quite a lot of people. Every time one of my friends gets engaged they/their fiancι post conspicuous ring shots on Facebook. []GSpotAssassin 8 points 8 hours ago They're usually hot. []vgambit 2 points 9 hours ago If you explain the concept of this scam to a woman and she still wants a ring, you should probably seriously reconsider your relationship with her. Hell, if she wants a hyper-expensive, months-of-salary ring in the first place, you should probably seriously reconsider your relationship with her. At the very least, sit her down and have a discussion about financial responsibility, and how buying a ring or going into debt for one demonstrates a huge lack of it. []GSpotAssassin 5 points 8 hours ago Even if you convince her, you're going to be putting her into the position of having to convince ALL her female friends. :/ []vgambit 4 points 8 hours ago Goes back to the wrong woman argument. Your first mistake was made way before shopping for rings []vgambit 3 points 8 hours ago Ostensibly, it wouldn't take very long to figure out if the girl you're dating is the type that would want or expect that sort of thing. []GSpotAssassin 2 points 8 hours ago Ostensibly, I don't believe every man out there has the same finely-honed ring-wanting detection sensors And given the divorce rate, finding a good mate in general seems comparable to being an earthworm digging through extremely dark and moist dirt. 99% of what people have to offer is below the surface. []vgambit 6 points 8 hours ago It would need a sit-down because the idea of a diamond engagement ring is so ingrained in our minds. It's not easy to change someone's mind about an idea they've held for their entire life. But when that idea is really nothing more than the result of a well-crafted ad campaign, I think it's worth it to try. []latencyisbadmkay 4 points 8 hours ago If I thought I could have a serious conversation on a delicate topic such as the worthlessness of something so expensive (and expected) at the start of a marriage when money is the tightest, I would consider myself very lucky to have a woman who valued the same thing I do. Long-term stability is for adults while trinkets are for children. Sitting down to talk about things is also and adult thing to do, so maybe you're just not all that versed in what it means to be an adult. []GSpotAssassin 1 point 7 hours ago LOL, is this a troll? Because it's a drat fine one! But if you're serious... Are you a straight adult male who has courted females? If not, I don't know what right you actually have to have an opinion on it. The opinion of JUST straight males based on their own SUBJECTIVE observations is INHERENTLY "sexist." By definition! That doesn't mean that experience isn't true. "Because, you know, it couldn't have been a man who thinks you really need a $5,000 ring." I've never heard of a woman who was so overwhelmed by a man's ring outlay that she forced him to return it!! LOL []joepie91 10 points 11 hours ago Thanks, TIL. Some links for the lazy: http://patriactionary.wordpress.com/2012/04/10/the-scam-of-diamond-engagement-rings/ http://blog.priceonomics.com/post/45768546804/diamonds-are-bullshit []alektro 5 points 11 hours ago And the video to go with it. http://youtu.be/N5kWu1ifBGU []Rishodi 1 point 9 hours ago Seriously. Perhaps I wouldn't mind dropping several grand on a diamond if I were relatively wealthy, but as a middle-class individual I can think of so many ways in which I could better put $5K to use. Pay down my mortgage principal, save for retirement, save for kids' college fund... And as far as wedding expenses go, I'd much rather spend $5K on a memorable weeks-long honeymoon than a shiny rock. []johnnybluejeans 18 points 8 hours ago ITT: people judging others on buying a "worthless" commodity while simultaneously missing the irony that they are on r/magicspacecoins []danthemango 0 points 1 hour ago There is a limited supply of bitcoins, diamonds on the other hand aren't rare. []amendment64 -3 points 4 hours ago At least our commodity doesn't come at the expense of thousands of forced African miners. []cqm 4 points 12 hours ago speaking of which, when does that "3 month's salary" thing stop applying? because I'm not poor and I feel like the quality of rings levels off of somewhere between $10,000 and $40,000 []Xenu_RulerofUniverse 20 points 12 hours ago There is no such rule. If you're not under social pressure by some stupid fancy ladies you can buy a pretty one for a couple hundred bucks. People lose their ring all the time, it's not smart to run around with 10k on your finger you're screaming to get robbed, etc... http://www.zales.com/product/index.jsp?productId=13201258 Take this one and just tell people it cost 20k lol. []say592 11 points 12 hours ago If your significant other expects the "three months salary" thing, turn and RUN! Buy the nicest thing you feel you can afford. Three months salary is much better spent on a house, wedding expenses, honeymoon, etc. []cqm 2 points 11 hours ago Right, I'm not under any social pressure. But I won't pretend like there aren't and won't be a lot of people that want to act like they control how my own money should be spent. So I just wanted to be familiar with the culture for when that time comes. For instance, after a natural disaster, a lot of people donate to the afflicted region through the compulsory $10 text, and this is "normal" but if you are a statistical outlier in your wealth and people found out you only donated $10 then people have an opinion about it. Whether it matters or not. []1930197 3 points 12 hours ago if she wants a ring that's cool, but no reason to make it legal, in the end the guy almost always loses on this deal. there's no point to getting married in American society today, the old ideals don't exist now. []Cab000se 0 points 9 hours ago lol marriage. Thank god my gf of almost 7 years (living together for 6 of those) could also care less about a meaningless piece of paper. TY for buying such an expensive product with BTC though, hope she likes it!
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Feb 22, 2014 03:09
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Cantorsdust posted:of course the overstock ceo is a gold bug. of course. the freaky part is his Dad headed GEICO and he still ended up a libertarian shitheel. Reagan broke your country.
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Feb 22, 2014 03:11
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Robawesome posted:I actually have taken econ classes. I was pretty fuckin high last night but the USDcoin is something I present pretty frequently when redditors ask "if bitcoin can't work, what could?" the only actual advantage of bitcoins outside of being part of libertarian economic cosplay groups is basically money laundering for poors. For obvious reasons this is going to be a limited market, probably very criminal and also highly monitored. Also why would the government do anything like this? I don't really think you understand how currencies work or why they're designed like they are (hint: you want monetary policy to be a thing, which means controlling the money supply). Any introductory class on macro is going to start with IS-LM and AS-AD models and I don't think bitcoins delusions would survive that. Dante fucked around with this message at 03:18 on Feb 22, 2014 |
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Feb 22, 2014 03:14
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