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I love bitcoin. It's so bad.
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# ? Jan 18, 2016 06:00 |
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# ? May 15, 2024 04:00 |
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# ? Jan 18, 2016 06:07 |
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lol @ anyone who has only $18k in their retirement account and anyone whose entire portfolio is entirely in one singular foreign currency, I mean this isn't even a bitcoin problem really
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# ? Jan 18, 2016 07:04 |
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it's appropriate TCC glommed onto bitcoin the way it has they deserve each other
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# ? Jan 18, 2016 07:14 |
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EorayMel posted:I love bitcoin. A reversal on the pyramid of naked Iraqi dudes
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# ? Jan 18, 2016 07:20 |
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Serak posted:Magic: The Gathering Online Exchange
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# ? Jan 18, 2016 07:36 |
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Darth123123 posted:From memory, but your a smart guy serrath, how do you know idiots like this? Please have them film the back alley rape/transaction quote:lol @ anyone who has only $18k in their retirement account Would it add more context to the story if I mentioned the victim in this case is a junior doctor and she likes this guy because he makes her feel "so free and uninhibited" in only the way that an unemployed 37 year old bartender who shares a rented house with 4 surfers in their early 20s can. I don't even think he's trying to scam her, he sincerely believes that this $18k will grow into hundreds of thousands by the time he's retired and this is his "plan" (which is why he's being so protective over the fact that he "signed over" the money to her - he really does intend to pay back this $6000 but he just started year one of a four year humanities degree with this tuition money so who knows what's going to happen). For reference (the way he tells the story, at least), he hasn't invested more than a couple thousand dollars into bitcoins, they've apparently just grown in value to this 18k. Before hitting up my friend, he's tried to use these bitcoins as a down payment on a house and he includes their value on personal asset tests and such. She says he's constantly on online forums talking with other Bitcoin collectors, reading things about bitcoins, attacking people on other message boards who say anything bad about bitcoins... Apparently he's really obsessed over this Pokemon money Like, they're not even real, my god.
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# ? Jan 18, 2016 07:41 |
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Serrath posted:Story + question about bitcoins: She will save much, much more by writing off the loan and dumping this guy right now than she ever would make by selling the bitcoins and keeping him around.
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# ? Jan 18, 2016 07:47 |
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Article linked in the OP was pretty cool, went through a lot of reasons why bitcoin is hosed but the best of them are:
Can't say I'll miss it, given how fantastically wasteful the bitcoin mining system is in terms of energy. From Wikipedia: quote:As of 2015, even if all miners used energy efficient processors, the combined electricity consumption would be 1.46 terawatt-hours per year—equal to the consumption of about 135,000 American homes.
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# ? Jan 18, 2016 08:23 |
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I want ALL the libertarian tears. That and their hilarious levels of denial.
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# ? Jan 18, 2016 08:50 |
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I think I know the answer to this, but is there any way for them to hit some giant reset button to revert back to a time when mining didn't require a small nation's electricity supply and an investment suitable to open your own restaurant?
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# ? Jan 18, 2016 09:02 |
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Zeroisanumber posted:She will save much, much more by writing off the loan and dumping this guy right now than she ever would make by selling the bitcoins and keeping him around. I think the only IRL person I have met who has heard of TOR, let alone Bitcoin, what the guy who was moving into a bedbug infested house just as my gf and I were moving out. 'Don't move in! Wrap your things in plastic! Prepare for legal action!' we shouted 'I'm sure it will be fine! I haven't noticed a problem!' the internet hacktivist replied
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# ? Jan 18, 2016 09:18 |
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Serrath posted:
So many red flags. Still, the training wheels have to come off some time and if she only loses $6k out of this then she might learn a lesson for the future. Zeroisanumber posted:She will save much, much more by writing off the loan and dumping this guy right now than she ever would make by selling the bitcoins and keeping him around.
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# ? Jan 18, 2016 09:28 |
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GrimGypsy posted:I think I know the answer to this, but is there any way for them to hit some giant reset button to revert back to a time when mining didn't require a small nation's electricity supply and an investment suitable to open your own restaurant? I think that's what the bitcoin classic is trying to do, but assuming it actually works, you then have to convince tons and tons of nerds and the Chinese miners who control the network and have invested their lives into bitcoin working as it does right now to use it, just like any other major change.
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# ? Jan 18, 2016 09:30 |
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Mercury_Storm posted:you then have to convince everyone to use it, just like any other would-be "currency".
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# ? Jan 18, 2016 09:41 |
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Mercury_Storm posted:I think that's what the bitcoin classic is trying to do, but assuming it actually works, you then have to convince tons and tons of nerds and the Chinese miners who control the network and have invested their lives into bitcoin working as it does right now to use it, just like any other major change. This is why I put all my cash into dogecoin
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# ? Jan 18, 2016 09:48 |
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Serak posted:Magic: The Gathering: Online Exchange fixed that for you Oz posted:This is why I put all my cash into dogecoin Ponzicoin (a real thing that exists)
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# ? Jan 18, 2016 10:02 |
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ANIME IS BLOOD posted:it's appropriate TCC glommed onto bitcoin the way it has Well, they both have a history of users getting heatstroke.
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# ? Jan 18, 2016 10:08 |
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So wait is bitcoin dead now?
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# ? Jan 18, 2016 10:09 |
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Microwaves Mom posted:So wait is bitcoin dead now? As long as there are libertarians the bitcoin ideal will never die.
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# ? Jan 18, 2016 10:14 |
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If she is at the point where she wants her money back, then she may as well write it off. There is a 50/50 chance that this person will freak out and chase her to the ends of the Earth to get his bitcoin back. If the bitcoiner is thinking that his initial thousand dollar investment is going to be his retirement, then he believes that bitcoin will become the defacto global currency. In other words... 21 million bitcoins (the total ever made) would be worth 60+ trillion dollars, or 3 million per coin. So her selling maybe 30 coins today would cost him 100 million in the future. That he is whining about her holding the coins as collateral is a big red flag, and I would suggest extreme caution in selling his precious coins. She should enjoy her relationship for what it is, and not loan him any more money. It is a costly lesson, but not the end of the world for a young professional. You really don't want someone harassing/stalking you. Especially if you are someone who can be easily tracked down, like a doctor. Tokamak fucked around with this message at 10:33 on Jan 18, 2016 |
# ? Jan 18, 2016 10:31 |
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"hmm, this guy who has all the hallmarks of being a major gently caress-up in life is someone i should loan money to so that he can start work on a useless degree" -an idiot
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# ? Jan 18, 2016 10:36 |
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LordArgh posted:"hmm, this guy who has all the hallmarks of being a major gently caress-up in life is someone i should loan money to so that he can start work on a useless degree" don't sign you're posts
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# ? Jan 18, 2016 10:37 |
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Mercury_Storm posted:I think that's what the bitcoin classic is trying to do, but assuming it actually works, you then have to convince tons and tons of nerds and the Chinese miners who control the network and have invested their lives into bitcoin working as it does right now to use it, just like any other major change. So just another altcoin.
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# ? Jan 18, 2016 10:38 |
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Ive been in and out of buttcoin since it started and the entire time ive found it to be nothing but a goldmine of laffs. Yeah you could have made money off of it, and yeah you might still be able to now when the market does its retarded rollercoaster, but the end result of all of it is going to be 99% of the idiots losing their kid's college fund. It's sad and yet rewarding at the same time. I wish there was a forum like btctalk where real brokers talked about stocks the same way.
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# ? Jan 18, 2016 10:51 |
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Cross Postin' from the Canadian Finance Thread:quote:Philadelphia’s first condominiums available for purchase in bitcoin will have their first open house today in the city’s historic Manayunk district. Susanna Kunkel, a veteran Philadelphia realtor, arranged the bitcoin offering as a way to entice tech-savvy, entrepreneurial-oriented buyers who are an important customer for modern urban condominiums.
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# ? Jan 18, 2016 11:20 |
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Can I buy a house then take my bitcoins back and claim it's mine?
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# ? Jan 18, 2016 12:36 |
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ANIME IS BLOOD posted:it's appropriate TCC glommed onto bitcoin the way it has
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# ? Jan 18, 2016 13:19 |
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Sammus posted:Can I buy a house then take my bitcoins back and claim it's mine? My favorite part was how the contract
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# ? Jan 18, 2016 13:23 |
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Professor Shark posted:“The seller is not going to take on the risk of bitcoin (price) fluctuating,” Kunkel said. ...Does the seller not realize that after he get's paid, the value of his Bitcoins can still nosedive? It's not like he'll be able to exchange $300k worth of bitcoins into cash fast enough for there to be no risk of loss. Last I checked there were caps on amounts that can be converted and the network is lovely as hell.
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# ? Jan 18, 2016 14:04 |
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At the very least the girlfriend needs to create a wallet she knows is secure and transfer the butts there.
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# ? Jan 18, 2016 14:34 |
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Pittsburgh Lambic posted:
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# ? Jan 18, 2016 14:35 |
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How do I, an average Joe without an entire Chinese computer farm, even get one of these Bitt-Coins? Can I buy one from an e-shop?
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# ? Jan 18, 2016 14:41 |
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Serrath posted:Story + question about bitcoins: Odds are decent that this arrangement isn't legally enforceable at all and she could probably cash out all of it, dump him, and keep it. It would cost a couple hundred bucks to talk to a lawyer about it. She should do that. This is a public service reminder to young people that lawyers still exist, they do offer valuable services, and they are not monsters. Fat-Lip-Sum-41.mp3 fucked around with this message at 14:44 on Jan 18, 2016 |
# ? Jan 18, 2016 14:42 |
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bit coins are not real and don't exist
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# ? Jan 18, 2016 14:43 |
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LegoPirateNinja posted:Odds are decent that this arrangement isn't legally enforceable at all and she could probably cash out all of it, dump him, and keep it. I don't think any lawyer would ever recommend that even with lolcurrency.
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# ? Jan 18, 2016 14:46 |
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LegoPirateNinja posted:Odds are decent that this arrangement isn't legally enforceable at all and she could probably cash out all of it, dump him, and keep it. Sounds like a goood way to get murdered by your retarded ex
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# ? Jan 18, 2016 14:59 |
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Don Tacorleone posted:https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.oh97d91e This article is loving hilarious.
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# ? Jan 18, 2016 15:38 |
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Oldstench posted:This article is loving hilarious.
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# ? Jan 18, 2016 15:41 |
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# ? May 15, 2024 04:00 |
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Stabbatical posted:How do I, an average Joe without an entire Chinese computer farm, even get one of these Bitt-Coins? Can I buy one from an e-shop? Go to a bank and buy a roll of pennies. Place these pennies in your rear end and leave them there for 2-6 hours. Extract the pennies - congratulations, you now have butt coins. In addition to ground-flooring you on the currency of the future, this tip may also help you in negotiations you have with people you find to be intimidating.
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# ? Jan 18, 2016 15:45 |