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Ham Sandwiches
Jul 7, 2000

LGD posted:

no, everyone is pretty much in agreement that they're not a store of value, and both Blade Runner and myself are on record in this thread as considering bitcoin a currency

my point was that you're not owning or persuading anyone by establishing "bitcoin is a currency, not a commodity (according to this specific definition)" as true, because you're not responding to any substantive arguments about the nature and utility of bitcoin- commodity or currency status only matters if you're making a regulatory argument, otherwise you should be able to do so in either frame

the people agreeing with you that bitcoin is a currency are largely doing so because they feel it fails to rise to the level of a commodity because it lacks any utility or aesthetic value, while the people thinking it's a commodity largely do so because they don't consider commodities as needing to have value in the first place and think that bitcoins demonstrated failings as a currency make description as a commodity a better fit- saying "no, you're wrong because I'm choosing to use this definition" doesn't prove that the latter set of people are wrong, nor does it do anything for the people in the first set who are not huge fans of bitcoinitcoin is a commodity are largely in agreement about it's actual properties

I think you would find that a few years ago people on this very forum felt that Bitcoins were an absolutely worthless fantasy creation being traded on the Magic The Gathering Online Exchange by fedora redditors drying strawberries.

To have the discussion evolve to "Yeah, they're a currency, but not a very good one" seems like a significant step forward, though you seem greatly opposed to the idea of me entering "And there was general consensus that Bitcoin, whatever else it was, functioned as a currency around October 2017" still meets great resistance as seen above

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Blade Runner
Aug 14, 2015

So, like, what if you turn out to be wrong and the Buttcoins go to 1 dollar tomorrow

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN

Ham Sandwiches posted:

More than 90 funds focused on digital assets like bitcoin have launched this year, bringing the total number of such "crypto-funds" to 124, according to financial research firm Autonomous Next.

Just because it is possible to make money trading or doing arbitrage doesn't mean anyone on here should engage in those activities. According to that blog post you posted, the only way you will be successful is if you have some kind of competitive edge over the rest of the market which you most assuredly do not.

This is literally penny stocks but in a different format.


And funds usually make their money from the fees when other people buy in not from the underlying asset lol.

EorayMel
May 30, 2015

WE GET IT. YOU LOVE GUN JESUS. Toujours des fusils Bullpup Français.

Ham Sandwiches posted:

I think it's a unique opportunity to find people being very against something that will turn out quite different than they are predicting. It sure hasn't gone the way the last few years of coin threads would lead you to believe, and it's still real early days.

I'm trying to fully document the extent of people's wrong beliefs and how they will change over time, but in a curious turn, that's something that people also go out of their way to avoid.

And you've clearly failed at the sake of your own sanity and credibility.

Just let it go. It's healthier for you.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Ham Sandwiches posted:

It's related to research I do, I want to capture a large enough group's evolving opinions on something, what breakpoints it took for people to acknowledge things, and just look at it as sort of a representative sample of how a diverse group deals with something new, when there's no particular consensus, what happens if/when the opportunity gets misclassified, and what the corrective measures are.

Like, I'm just genuinely interested in how people's opinions shift over time, and the more posts articulating what people believe when, the better for what I'm trying to capture.

“Research”? You never answered what your line of work was?

LGD
Sep 25, 2004

Ham Sandwiches posted:

I think you would find that a few years ago people on this very forum felt that Bitcoins were an absolutely worthless fantasy creation being traded on the Magic The Gathering Online Exchange by fedora redditors drying strawberries.

To have the discussion evolve to "Yeah, they're a currency, but not a very good one" seems like a significant step forward, though you seem greatly opposed to the idea of me entering "And there was general consensus that Bitcoin, whatever else it was, functioned as a currency around October 2017" still meets great resistance as seen above

some people thought it was a badly functioning currency then too you loving dingus, there's no step forward whatsoever

the people who think it's a commodity and commodity money are still going to disagree with you, and even many people who think it's a currency would take issue with the "functioned" part of that statement, because it carries implications that are extremely debatable

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN
It's not a currency.

a bone to pick
Sep 14, 2011

by FactsAreUseless
for Ham sammie's record, my dick is over 5 inches long, I'm also very sexy with a strong jawline.

Ham Sandwiches
Jul 7, 2000

Blade Runner posted:

So, like, what if you turn out to be wrong and the Buttcoins go to 1 dollar tomorrow

Believe it or not, there's a real shortage of polarizing issues people will go on the record with their current / future beliefs and it takes some time to find out the answer. Cryptocoins are very useful for that.

If bitcoins fail that would be pretty hilarious and would be the end of that! I would probably do some analysis of the failure from the other perspective - why did people think it would succeed when it clearly wasn't going to, but in general that's certainly not the thing with the big payoff from the "huge shift in consensus opinion" perspective.

The payoff I'm looking for is what happens if/when cryptocoins are widely used and everyone gets used to them like cell phones or the internet today. And basically which points of adoption cause perspective shifts and to what extent.

Ham Sandwiches
Jul 7, 2000

EorayMel posted:

And you've clearly failed at the sake of your own sanity and credibility.

Just let it go. It's healthier for you.

The sysadmin crew is back, where is gary oldman ;)

Ham Sandwiches
Jul 7, 2000

Burt Sexual posted:

“Research”? You never answered what your line of work was?

Just a dude posting about Bitcoins, an honored tradition on the Something Awful Forums

Blade Runner
Aug 14, 2015

Ham Sandwiches posted:

Believe it or not, there's a real shortage of polarizing issues people will go on the record with their current / future beliefs and it takes some time to find out the answer. Cryptocoins are very useful for that.

If bitcoins fail that would be pretty hilarious and would be the end of that! I would probably do some analysis of the failure from the other perspective - why did people think it would succeed when it clearly wasn't going to, but in general that's certainly not the thing with the big payoff from the "huge shift in consensus opinion" perspective.

The payoff I'm looking for is what happens if/when cryptocoins are widely used and everyone gets used to them like cell phones or the internet today. And basically which points of adoption cause perspective shifts and to what extent.

I go on record about my hot takes on things all the time, so just follow me around and scribble away

Anyway, if the bits coins manage to overtake everything and become the dominant global currency, I will spend one one trillionth of a coin or whatever it is to get you a title saying you, forums poster Ham Sandwiches was correct and I, forums poster Blade Runner, was wrong

This is not a joke, screen cap it and I'll do it when Buttcoins have dominated the Earth

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Ham Sandwiches posted:

Just a dude posting about Bitcoins, an honored tradition on the Something Awful Forums

So you won’t Answer?

Do you have any autism diagnosis? Like I’m seriously curious how you can get so worked up over a basically niche thing. It’s fascinating how evangelical you are.

Ham Sandwiches
Jul 7, 2000

Blade Runner posted:

I go on record about my hot takes on things all the time, so just follow me around and scribble away

Anyway, if the bits coins manage to overtake everything and become the dominant global currency, I will spend one one trillionth of a coin or whatever it is to get you a title saying you, forums poster Ham Sandwiches was correct and I, forums poster Blade Runner, was wrong

If it helps any, I don't really care who ends up right. I've been looking for an unresolved issue where for whatever reason the vast majority of people come to believe something and then over time that ends up being incorrect and they revise their opinions. The discussion that would be neat to have if coins end up being widely used would be to capture how people were looking at it over time and what stuff turned out to be incorrect in retrospect.

Minimalist Program
Aug 14, 2010

Ham Sandwiches posted:

I don't know how much detail I'll get into but it would be cool to count the number of dumb snipey posts and see if they get in the thousands or just stay in the hundreds, and how many unique individuals felt the need to do them, and what their stances were

My man you seem like you may suffer from autism :science: (link)

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Minimalist Program posted:

My man you seem like you may suffer from autism :science: (link)

Too slow, my friend.

Ham Sandwiches
Jul 7, 2000

Burt Sexual posted:

So you won’t Answer?

Do you have any autism diagnosis? Like I’m seriously curious how you can get so worked up over a basically niche thing. It’s fascinating how evangelical you are.

In general I feel it would be cool if people didn't try to psychoanalyze me from my posts, which is the same thing I said to mentally ill poster Prester Jane when they were trying to figure out my personality traits from the fact that I post about bitcoins

Maybe dudes with Autism are common in the pos and thats why you're guessing that, I'm just a dude posting on Something Awful and I post on a variety of topics so please don't form elaborate narratives that are based on not much, is all I ask

Minimalist Program
Aug 14, 2010
This dude deffo has a lot of autism.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Ham Sandwiches posted:

In general I feel it would be cool if people didn't try to psychoanalyze me from my posts, which is the same thing I said to mentally ill poster Prester Jane when they were trying to figure out my personality traits from the fact that I post about bitcoins

Maybe dudes with Autism are common in the pos and thats why you're guessing that, I'm just a dude posting on Something Awful and I post on a variety of topics so please don't form elaborate narratives that are based on not much, is all I ask

I’ve never read, much less posted, in yos.

So anyways, what do you do for a living that gives you this insight into crypto currencies?

the pizza police
Oct 8, 2009

justice delivered in 20 minutes or less
well i do research

Ham Sandwiches
Jul 7, 2000

Minimalist Program posted:

This dude deffo has a lot of autism.

You might have serious brain damage going by your posts bro, unfunny repetition like this... have you hit your head on anything recently?

LinYutang
Oct 12, 2016

NEOLIBERAL SHITPOSTER

:siren:
VOTE BLUE NO MATTER WHO!!!
:siren:
more so than bitcoin, it's been interesting to watch the crowd of luddites who have been mocking it for years, continually moving the goalposts as it become more successful and legitimate

probably b/c it's easier to pray that The Crash that Was Promised happens tomorrow instead of holding yourself accountable for being wrong / missing the boat

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Minimalist Program posted:

This dude deffo has a lot of autism.

I kinda feel bad now. It’s like beating up ur little brother.

LinYutang
Oct 12, 2016

NEOLIBERAL SHITPOSTER

:siren:
VOTE BLUE NO MATTER WHO!!!
:siren:
it sure is wacky to see libertarians be irresponsible with money!

because surely they're the only crowd of people who do dumb financial things

Minimalist Program
Aug 14, 2010

LinYutang posted:

more so than bitcoin, it's been interesting to watch the crowd of luddites who have been mocking it for years, continually moving the goalposts as it become more successful and legitimate

probably b/c it's easier to pray that The Crash that Was Promised happens tomorrow instead of holding yourself accountable for being wrong / missing the boat

There are several things that are funny about bitcoin threads. It's funny to laugh at everyone who is mad that they missed the train and desperately need the narrative that bitcoin is a scam and a bubble and a MLM scheme to cope mentally with that. It's also funny to laugh at the autistic hypernerds who like bitcoin and have a lot of their personality invested in being "right about bitcoin". It's also funny to use 14.000 dollars on bitcoin and make a bit of money off of that.

Snowy
Oct 6, 2010

A man whose blood
Is very snow-broth;
One who never feels
The wanton stings and
Motions of the sense



What about Goatsecoin? I got an email about it, might have to ground floor that shot.

Ham Sandwiches
Jul 7, 2000

Burt Sexual posted:

I’ve never read, much less posted, in yos.

So anyways, what do you do for a living that gives you this insight into crypto currencies?

I'm just a guy watching goons constantly warn people away from Bitcoins because they're a worthless scam, and noting what happens if their dire warnings turn out to be unfounded. And posting on that topic.

I think you'll have to live with the uncertainty of why I do things and if that bothers you :shrug:

Minimalist Program
Aug 14, 2010
Truth be told I'll probably end up oversleeping one morning and thats when the bubble will burst and I'll be out of everything I bought bitcoin for and that, too, will, in its own way, be funny.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

LinYutang posted:

more so than bitcoin, it's been interesting to watch the crowd of luddites who have been mocking it for years, continually moving the goalposts as it become more successful and legitimate

probably b/c it's easier to pray that The Crash that Was Promised happens tomorrow instead of holding yourself accountable for being wrong / missing the boat

Booking my flight on AA right now for a trip to DCA using the successful and legit crypto currency btc!

Ham Sandwiches
Jul 7, 2000

LinYutang posted:

more so than bitcoin, it's been interesting to watch the crowd of luddites who have been mocking it for years, continually moving the goalposts as it become more successful and legitimate

probably b/c it's easier to pray that The Crash that Was Promised happens tomorrow instead of holding yourself accountable for being wrong / missing the boat

Ah look someone gets it, it turns out it really is that simple

LGD
Sep 25, 2004

the pizza police posted:

well i do research

funnily enough I do research too, both for work *and* for recreation

I'll just say that my recreational research gets put to more immediate use than my professional work

because it's pornography you see

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Ham Sandwiches posted:

I'm just a guy watching goons constantly warn people away from Bitcoins because they're a worthless scam, and noting what happens if their dire warnings turn out to be unfounded. And posting on that topic.

I think you'll have to live with the uncertainty of why I do things and if that bothers you :shrug:

Burt Sexual posted:

I’m sorry about your unemployment. :(

Ham Sandwiches
Jul 7, 2000

Minimalist Program posted:

It's also funny to laugh at the autistic hypernerds who like bitcoin and have a lot of their personality invested in being "right about bitcoin". It's also funny to use 14.000 dollars on bitcoin and make a bit of money off of that.

Ah ok you're calling me names to express your clear skepticism of coins that you spent a ton of money on so that it's less likely you get called a sucker / true believer for spending that money on Coins, got it

Minimalist Program
Aug 14, 2010

Ham Sandwiches posted:

Ah ok you're calling me names to express your clear skepticism of coins that you spent a ton of money on so that it's less likely you get called a sucker / true believer for spending that money on Coins, got it

No I just think it's funny when people care super hard,positively or negatively, about internet money.

the pizza police
Oct 8, 2009

justice delivered in 20 minutes or less

Ham Sandwiches posted:

Ah ok you're calling me names to express your clear skepticism of coins that you spent a ton of money on so that it's less likely you get called a sucker / true believer for spending that money on Coins, got it

I thought we weren't doing the psychoanalysis

but if we are I am writing free prescriptions for more bitcoins

Ham Sandwiches
Jul 7, 2000

the pizza police posted:

I thought we weren't doing the psychoanalysis

but if we are I am writing free prescriptions for more bitcoins

I didn't assign any labels or use any terms, just reading his post he clarified that there's an exact correct amount of care, the people that care too much (more than him) are bad, and so are the people that didn't care enough and missed the boat since they are lying to themselves, there's a narrow window of correct amount of care to be had (invest $14,000 but do NOT care about it) and this dude has it.

Minimalist Program
Aug 14, 2010

Ham Sandwiches posted:

I didn't assign any labels or use any terms, just reading his post he clarified that there's an exact correct amount of care, the people that care too much (more than him) are bad, and so are the people that didn't care enough and missed the boat since they are lying to themselves, there's a narrow window of correct amount of care to be had (invest $14,000 but do NOT care about it) and this dude has it.

No everyone at every level of care is funny, my self included and + also, especially you, who are autistic about it.

Ham Sandwiches
Jul 7, 2000

Minimalist Program posted:

No everyone at every level of care is funny, my self included and + also, especially you, who are autistic about it.

In the long lists of posts that I don't enjoy, it turns out that simple namecalling is high on that list. I guess you're just an unpleasant jackass.

Minimalist Program
Aug 14, 2010

Ham Sandwiches posted:

In the long lists of posts that I don't enjoy, it turns out that simple namecalling is high on that list. I guess you're just an unpleasant jackass.

I'm sorry here let me help you.

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Blade Runner
Aug 14, 2015

Ham Sandwiches posted:

In the long lists of posts that I don't enjoy, it turns out that simple namecalling is high on that list. I guess you're just an unpleasant jackass.

buttcoin

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