Bitcoin: We've reached the end of the postchain.

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > Bitcoin: We've reached the end of the postchain.

«‹›999 »

Adult Sword Owner: Jun 19, 2011; u deserve diploma for sublime comedy expertise

Proteus4994 posted:

i didn't think we'd go below $300 until tax day/china bank shutdown day, but here we are 5 days early

all of it is basically an early christmas present

# ? Apr 11, 2014 02:39

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# ? Jun 9, 2024 17:26

Cantorsdust: Aug 10, 2008; Infinitely many points, but zero length.

Robawesome posted:

Stay strong my friends, tonight we hold! (self.Bitcoin)

submitted 19 minutes ago* by cyberaleck

Tonight we are under attack. Bad forces are trying to erase even the memory of Bitcoin from the histories. They think that the world will never know Bitcoin existed at all.

But they are wrong. The world will know that tonight free men stood against a tyrants, that few stood against many, and when this battle was over, freedom had won.

imagine people posting like this if bank of america stock or something fell in the market. like the president got on the tv and went "americans, bad forces are trying to push down the stock market. please hold or the world will never know the stock market existed at all. also something about tyrants and the stockmarket and freedom. buy BoA."

# ? Apr 11, 2014 02:40

Hilbert Spaceship: Mar 15, 2007; If I was dyslexic I'd even hate dog too.

theflyingorc posted:

ok, no question somebody is trying to prop up bitstamp

it's a lot less effective than when gox used to do it

like, the price is at 360, why would you buy 50 coins at 365?

its embarrassing seeing poo poo like this get posted honestly, it demonstrates that you don't know how to interpret the tracker.

an exchange maintains a list of buy and sell orders and allows users to create new buy and sell orders (along with other, more advanced things), but you have to buy bitcoins from someone and conversely you need to sell to someone. when a decent number of coins get moved, it will clear out a decent number of orders, in this case it clears out a decent number of sell orders, this leaves a margin between the books. now if someone sells 2500 bitcoins and drops the price from 350 to 330 and right after some dumb schmuck wants to buy himself a new bitcoin? the lowest buy order will be >350, and this idiot will need pay that if he wants his bitcoin right now. alternatively he could wait until new buy orders are posted in the margin and get it cheaper.

the number you're looking at is just the price paid in the most recent trade (actually, it's the price you would have to pay to buy MORE bitcoins after the most recent trade completed) and the behavior youre describing is just buttcoiners being stupid

# ? Apr 11, 2014 02:41

stoutfish: Oct 8, 2012; by zen death robot

bitcoin exchanges are a lot like managing eve online buy/sell spreadsheets.

# ? Apr 11, 2014 02:43

double sulk: Jul 2, 2010

here's hoping butts are < $250ish by the 15th

# ? Apr 11, 2014 02:43

Adult Sword Owner: Jun 19, 2011; u deserve diploma for sublime comedy expertise

Cantorsdust posted:

imagine people posting like this if bank of america stock or something fell in the market. like the president got on the tv and went "americans, bad forces are trying to push down the stock market. please hold or the world will never know the stock market existed at all. also something about tyrants and the stockmarket and freedom. buy BoA."

to be fair if the stock market really started heading south commercials about BELIEVE IN AMERICA INVEST IN ITS BANKS would not shock me at all

# ? Apr 11, 2014 02:43

Heresiarch: Oct 6, 2005; Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.

transfatphobic posted:

to be fair if the stock market really started heading south commercials about BELIEVE IN AMERICA INVEST IN ITS BANKS would not shock me at all

buy war bonds

# ? Apr 11, 2014 02:44

stoutfish: Oct 8, 2012; by zen death robot

double sulk posted:

here's hoping butts are < $250ish by the 15th

gotta optimize reporting capital losses

# ? Apr 11, 2014 02:44

Chum Scandal: Oct 30, 2003

btc-e

down

# ? Apr 11, 2014 02:46

N.Z.'s Champion: Jun 8, 2003; Yam Slacker

quote:

Let me offer a different perspective. Putting money into bitcoin for some people isn�t only an investment decision. It is also an act of liberation and idealism/protest. Every single fiat you throw away in exchange for a bitcoin is a small punch on tyranny�s face. It is one of the most efficient things one can do to change the world for better.

We are talking about the ultimate open source global value ledger, not suitable for confiscation, very difficult to tax and easy to transfer worldwide. We should praise and admire those who go full BTC. I wish I had the guts, it would make my life more meaningful as someone under 40 with no kids.

# ? Apr 11, 2014 02:46

Adult Sword Owner: Jun 19, 2011; u deserve diploma for sublime comedy expertise

stoutfish posted:

gotta optimize reporting capital losses

hahaha you think the vast majority are going to report this on their taxes

its going to be an "act of protest"

and its going to be awesome

# ? Apr 11, 2014 02:47

double sulk: Jul 2, 2010

Chum Scandal posted:

btc-e down ?

oh god the happening i can't take it

# ? Apr 11, 2014 02:49

GPF: Jul 20, 2000; Kidney Buddies; Oven Wrangler

hobbesmaster posted:

active directory is just like dns, there is a canonical record of everything held by the global catalog(s)

active directory would be like bitcoin if every workstation said "workstation1 says that its workstation1 in domain1." followed by "i confirm that he said that workstation1 is workstation1 in domain!" ad nauseam for ever computer in your organization.... so like if netbeui was the only thing you had

i used AD rather than DNS for a reason. DNS is master-slave. one centralized place that is the arbiter of what is accurate. AD is multi-master. all nodes can write to the "ledger", but they all eventually have to agree.

goddamn look at all this care.

# ? Apr 11, 2014 02:51

hobbesmaster: Jan 28, 2008

dns is multimaster

# ? Apr 11, 2014 02:52

GPF: Jul 20, 2000; Kidney Buddies; Oven Wrangler

hobbesmaster posted:

dns is multimaster

in AD if you set it up like that, not out on the interwebs.

# ? Apr 11, 2014 02:53

PostNouveau: Sep 3, 2011; VY till I die; Grimey Drawer

lookit Warren loving Buffet here handing out the protips for free

# ? Apr 11, 2014 02:53

hobbesmaster: Jan 28, 2008

GPF posted:

in AD if you set it up like that, not out on the interwebs.

which root server is the master then?

# ? Apr 11, 2014 02:55

anthonypants: May 6, 2007; by Nyc_Tattoo; Dinosaur Gum

hobbesmaster posted:

which root server is the master then?

8.8.8.8 duh

# ? Apr 11, 2014 02:56

Robawesome: Jul 22, 2005

PostNouveau posted:

lookit Warren loving Buffet here handing out the protips for free

im the deleted post

# ? Apr 11, 2014 02:59

bawk: Mar 31, 2013

Robawesome posted:

im the deleted post

if only

# ? Apr 11, 2014 03:02

Samsquamsch: Jun 6, 2011; Mexican touchdown, Mexican touchdown, Mexican touchdooooown!

http://www.reddit.com/r/Bitcoin/comments/22qugw/please_sticky_usa_suicide_hotline_1800273talk/

guys please upvote if we save even one life it'll have been worth it

edit: they loving deleted it already laffo

# ? Apr 11, 2014 03:02

jony ive aces: Jun 14, 2012; designer of the lomarf car; Buglord

Heresiarch posted:

buy war bonds

# ? Apr 11, 2014 03:02

Dr. Honked: Jan 9, 2011; eat it you slaaaaaaag

Robawesome posted:

im the deleted post

hell, it could end up being one of the best pieces of advice int the dude's whole life

# ? Apr 11, 2014 03:03

GPF: Jul 20, 2000; Kidney Buddies; Oven Wrangler

hobbesmaster posted:

which root server is the master then?

ugh rolleyes lern 2 dns pshaw

gimme five

up high

down low

too slow

# ? Apr 11, 2014 03:05

...!: Oct 5, 2003; I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?

Just got a call from Bank of America (self.Bitcoin)

submitted 8 hours ago by bubbasparse

I immediately thought uh oh, too many bitcoin transactions must have flagged my account. Turns out, my credit card info was stolen and a restaurant in Mongolia and an electronics store tried to use my card info. I've never been to Mongolia. I must commend Bank of America for the fraud detection department but this is why we need bitcoin. God drat Mongolians.

# ? Apr 11, 2014 03:06

Sham bam bamina!: Nov 6, 2012; ƨtupid cat

...! posted:

I must commend Bank of America for the fraud detection department but this is why we need bitcoin.

but with ~~bitcoin~~ baht

# ? Apr 11, 2014 03:07

duTrieux.: Oct 9, 2003

...! posted:

Just got a call from Bank of America (self.Bitcoin)

submitted 8 hours ago by bubbasparse

I immediately thought uh oh, too many bitcoin transactions must have flagged my account. Turns out, my credit card info was stolen and a restaurant in Mongolia and an electronics store tried to use my card info. I've never been to Mongolia. I must commend Bank of America for the fraud detection department but this is why we need bitcoin. God drat Mongolians.

"Somebody tried to steal money from me, but the robust anti-fraud measures put in place by the banking system stopped the fraud and prevented any personal financial loss. This is why we need bitcoin!"

# ? Apr 11, 2014 03:11

Matlock Birthmark: Sep 24, 2005; I wanted this to happen!!; Soiled Meat

...! posted:

I must commend Bank of America for the fraud detection department but this is why we need bitcoin. God drat Mongolians.

ya, too bad he didn't have Bitcoin so he could be utterly hosed with no options at all.

# ? Apr 11, 2014 03:12

Heresiarch: Oct 6, 2005; Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.

jony ive aces posted:

# ? Apr 11, 2014 03:12

anthonypants: May 6, 2007; by Nyc_Tattoo; Dinosaur Gum

jony ive aces posted:

# ? Apr 11, 2014 03:14

text editor: Jan 8, 2007

jony ive aces posted:

Sheeiiiiiittt

# ? Apr 11, 2014 03:15

Joementum: May 23, 2004; jesus christ

to be fair, the Mongolians probably would have had a hard time buying anything if they stole his bitcoins

# ? Apr 11, 2014 03:16

TVarmy: Sep 11, 2011; like food and water, my posting has no intrinsic value

jony ive aces posted:

A 5-worthy post on page 555?

Isn't that a bit too convenient?

# ? Apr 11, 2014 03:16

Dr. Honked: Jan 9, 2011; eat it you slaaaaaaag

jony ive aces posted:

555

# ? Apr 11, 2014 03:19

Happy Noodle Boy: Jul 3, 2002

666

# ? Apr 11, 2014 03:23

Dracula Factory: Sep 7, 2007

5 on 555

# ? Apr 11, 2014 03:24

Adult Sword Owner: Jun 19, 2011; u deserve diploma for sublime comedy expertise

Dracula Factory posted:

5 on 555

with dj honked

# ? Apr 11, 2014 03:26

rotor: Jun 11, 2001; classic case of pineapple on pizzadog derangement syndrome

jony ive aces posted:

# ? Apr 11, 2014 03:28

theflyingorc: Jun 28, 2008; ANY GOOD OPINIONS THIS POSTER CLAIMS TO HAVE ARE JUST PROOF THAT BULLYING WORKS; Young Orc

Disabled Hitler posted:

an exchange maintains a list of buy and sell orders and allows users to create new buy and sell orders (along with other, more advanced things), but you have to buy bitcoins from someone and conversely you need to sell to someone. when a decent number of coins get moved, it will clear out a decent number of orders, in this case it clears out a decent number of sell orders, this leaves a margin between the books. now if someone sells 2500 bitcoins and drops the price from 350 to 330 and right after some dumb schmuck wants to buy himself a new bitcoin? the lowest buy order will be >350, and this idiot will need pay that if he wants his bitcoin right now. alternatively he could wait until new buy orders are posted in the margin and get it cheaper.

uhhh....that's the guy I'm calling an idiot, so I'm not sure why you thought lecturing me was necessary?

edit: Also if I want to buy, i thought the exchange would let me buy at the lowest possible sell price, why would it be the lowest possible buy price?

theflyingorc fucked around with this message at 03:34 on Apr 11, 2014

# ? Apr 11, 2014 03:28

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# ? Jun 9, 2024 17:26

fool of sound: Oct 10, 2012

jony ive aces posted:

555

# ? Apr 11, 2014 03:30

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > Bitcoin: We've reached the end of the postchain.

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