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divabot posted:nah, it hovers around 1 BTC costing 1 BTC to make by design Not really. This is something that doesn't get explained too good. Coins get crapped out at a pre-determined*, diminishing* rate that will slowly trickle down to a stop in 2140 or something, even though like 80% of all coins have already been issued. The algorithm makes adjustments via magic* to make sure they come out at the designated time*. Even if the entire network crashed and one guy on a 386 computer was the only one mining, he'd get all the coins that will ever be found from now on despite consuming very little power to do so*. Very indirectly, that will mean those Bitcoins aren't worth poo poo since nobody wants them, but these things are only indirectly tied together. *There is a lot of really dumb math behind the scenes and practical considerations that mean this isn't totally right, but I think this is close enough to get the idea. So right now, the power output competing for Bitcoins is remaining very stable even though fewer and fewer of them are being issued every time the algorithm adjusts, and even though the overall value is deep in the shitter. You may think that sounds really crappy and the whole idea should go in the sewer. That's why we call them butts.
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Feb 12, 2019 19:34
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Im sorry, DMM is a porn site that looked at bitcoin and went hell yeah lets trade these? Cyberpunk is dead. Also a guy at a work meeting I went to admited to buying a bitcoin last year and thinking he could retire on it. Why put up a big sign up saying Im an idiot at work???
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Feb 13, 2019 07:05
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Taking a risk with one coin seems pretty sensible compared to other idiots posted here
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Feb 13, 2019 07:27
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More QuadrigaCX Shenanigans at Mashable.com.quote:Now, it looks like it screwed up again. According to a preliminary report filed by Ernst and Young, which is acting as a court-appointed monitor for the company, QuadrigaCX sent a so-called cold storage wallet 103 bitcoin (worth more than $460,000) after it had been locked out.
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Feb 13, 2019 12:03
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Barudak posted:Im sorry, DMM is a porn site that looked at bitcoin and went hell yeah lets trade these? Cyberpunk is dead.
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Feb 13, 2019 17:05
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Vapor Moon posted:Taking a risk with one coin seems pretty sensible compared to other idiots posted here Given his salary range and what they were trading at a year ago dude could have sunk between 1/10th and 1/2 his yearly salary into that single coin.
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Feb 13, 2019 17:16
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Here's a good one, dude put 450k into butts in a scheme to transfer nearly a half a million dollars from the US to Canada while avoiding paying taxes on either, and then QuadrigaCX went shits up (haha Crohn's joke), and now the dude is whining about losing his life savings because he was trying to break the law. https://smartereum.com/47661/bitcoi...day-tue-feb-12/
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Feb 13, 2019 18:53
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orange juche posted:Here's a good one, dude put 450k into butts in a scheme to transfer nearly a half a million dollars from the US to Canada while avoiding paying taxes on either, and then QuadrigaCX went shits up (haha Crohn's joke), and now the dude is whining about losing his life savings because he was trying to break the law. Lmfao
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Feb 13, 2019 18:59
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hey man you don't amass $420k in butts by paying $25 in Forex fees.
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Feb 13, 2019 19:27
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orange juche posted:Here's a good one, dude put 450k into butts in a scheme to transfer nearly a half a million dollars from the US to Canada while avoiding paying taxes on either, and then QuadrigaCX went shits up (haha Crohn's joke), and now the dude is whining about losing his life savings because he was trying to break the law. This guy's story has also been told in other, better written, articles. He wasn't even trying to avoid taxes, but just bank fees. Even at the amount he was sending the fees would have been negligible. Every single buttcoiner is the Platonic ideal of being greedy and stupid.
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Feb 13, 2019 19:35
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Diva Cupcake posted:hey man you don't amass $420k in butts by paying $25 in Forex fees. You do it by exit scamming life
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Feb 13, 2019 20:18
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Well someone amassed his $420k in butts right into their wallet lol
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Feb 13, 2019 20:23
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orange juche posted:Here's a good one, dude put 450k into butts in a scheme to transfer nearly a half a million dollars from the US to Canada while avoiding paying taxes on either, and then QuadrigaCX went shits up (haha Crohn's joke), and now the dude is whining about losing his life savings because he was trying to break the law. What additional taxes on it would he be trying to avoid?
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Feb 13, 2019 20:26
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I got a piece in Foreign Policy. Nocoining to the Very Serious People.
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Feb 13, 2019 21:19
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divabot posted:I got a piece in Foreign Policy. Nocoining to the Very Serious People. Worse website if all time. Pop up hell on mobile.
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Feb 13, 2019 21:39
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kuddles posted:Instead of losing a part of your soul by jacking into the internet with a port in the back of your head, you're just losing money on the latest shitcoin and arguing with a Russian bot on reddit about a concrete wall. This is not the future I was promised. It sounds like with DMM it still involves jacking into the internet
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Feb 13, 2019 23:31
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Feb 13, 2019 23:31
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Feb 13, 2019 23:36
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Is that a fair comparison? If you had money in a sock under someone else's bed it might be less likely to be stolen and easier to access.
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Feb 13, 2019 23:52
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orange juche posted:Here's a good one, dude put 450k into butts in a scheme to transfer nearly a half a million dollars from the US to Canada while avoiding paying taxes on either, and then QuadrigaCX went shits up (haha Crohn's joke), and now the dude is whining about losing his life savings because he was trying to break the law. Should have just bought an investment property in Vancouver like everyone else lol
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Feb 14, 2019 00:59
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Fried Watermelon posted:Should have just bought an investment property in Vancouver like everyone else lol He was trying to, he just didn't want to give 25K up in forex fees.
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Feb 14, 2019 01:08
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Sickening posted:Worse website if all time. Pop up hell on mobile. sorry! ill be sure to get right on that for you
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Feb 14, 2019 14:01
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i read your article and i'm not sure i totally follow... you're saying that bitcoin is... bad? bad and stupid? a bad and stupid thing for scammers and idiots?
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Feb 14, 2019 14:48
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bitcoin is still really good if you just want to buy drugs
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Feb 14, 2019 14:54
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Buying drugs is something I'll never understand. Do you guys not have a supermarket near you where you can buy a couple of beers? Or do you not know alcohol is available freely?
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Feb 14, 2019 15:12
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Lambert posted:Buying drugs is something I'll never understand. Do you guys not have a supermarket near you where you can buy a couple of beers? Or do you not know alcohol is available freely? Alcohol is worse than most drugs hth
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Feb 14, 2019 15:12
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Tashilicious posted:Alcohol is worse than most drugs hth Counterpoint: It tastes good and I don't need Bitcorn to buy it.
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Feb 14, 2019 15:14
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Lambert posted:Counterpoint: It tastes good and I don't need Bitcorn to buy it. Alcohol tastes terrible and most drinks are just a desperate attempt to hide the flavor.
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Feb 14, 2019 15:16
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Lambert posted:Bitcorn now i'm interested!
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Feb 14, 2019 15:19
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Mozi posted:now i'm interested! Its what comes out of your buttcoin undigested
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Feb 14, 2019 15:31
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Mozi posted:now i'm interested! Bourbitcoin
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Feb 14, 2019 15:45
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There Bias Two posted:Alcohol tastes terrible and most drinks are just a desperate attempt to hide the flavor. Who doesn't like a ice cold crispy 
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Feb 14, 2019 15:50
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There Bias Two posted:Alcohol tastes terrible and most drinks are just a desperate attempt to hide the flavor. Wtf
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Feb 14, 2019 16:21
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Sickening posted:Worse website if all time. Pop up hell on mobile. Weird, I didn't get a single popup in Flynx or Firefox after I clicked through. I'm running android and am a simpleton. Perhaps you should mess with your settings or something.
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Feb 14, 2019 17:25
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So JP Morgan Chase is apparently creating their own crypto? Surely this is good for Bitcoin.
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Feb 14, 2019 18:46
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divabot posted:I got a piece in Foreign Policy. Nocoining to the Very Serious People.
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Feb 14, 2019 19:22
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kuddles posted:It's nice that you and others are getting their critical articles posted, but it's also kind of a typical condemnation of the media where they are willing to give a voice to the nocoiners now that the bubble has burst and not when they were regurgitating talking points of blockchain hucksters declaring it as the future of money and anyone not throwing their life savings into it were fools. Haha yeah this is just evidence of the lamestream media bias against Bitcoin. This is good for Bitcoin because everyone will see it and know for a fact that Bitcoin is still cool
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Feb 14, 2019 20:34
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kuddles posted:It's nice that you and others are getting their critical articles posted, but it's also kind of a typical condemnation of the media where they are willing to give a voice to the nocoiners now that the bubble has burst and not when they were regurgitating talking points of blockchain hucksters declaring it as the future of money and anyone not throwing their life savings into it were fools. Do you not understand that the media's only bias is readership? They are a business first. Whatever gets more hits is all the media cares about. Keep that in mind every time you read "the news".
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Feb 14, 2019 20:56
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kuddles posted:It's nice that you and others are getting their critical articles posted, but it's also kind of a typical condemnation of the media where they are willing to give a voice to the nocoiners now that the bubble has burst and not when they were regurgitating talking points of blockchain hucksters declaring it as the future of money and anyone not throwing their life savings into it were fools. the editor apparently loved my book and had wanted to get me to write something for ages, evidently I just hadn't been whoring myself out hard enough previously for him to realise I'm on twitter 16hr/day
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Feb 14, 2019 21:03
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Jenrai posted:So JP Morgan Chase is apparently creating their own crypto? Surely this is good for Bitcoin. I seriously cannot wait for the next market crash.
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Feb 15, 2019 04:35
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