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revwinnebago posted:Just look at videos of people in Russia exploring old abandoned Soviet-era factories that still have power because nobody's bothered to dig up the cables. gently caress yes... break into an industrial park in a foreign country, tap directly into the KGB's grid, set up my network of money laundering super computers.... Easy money baby
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Oct 30, 2017 16:51
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"adding liquidity to the meaning economy" is my new favorite word salad, almost as good as bitcoin as a self organizing collective intelligence
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Oct 30, 2017 17:02
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wide stance posted:I'm going to do that now, thanks. Got my itinerary and everything with and a beginner's guide to the Russian languages and its peoples. Are you all good and set up in your new shop? You have cancer and/or will soon suffer from renal failure due to all the poo poo you've been exposed to. Seek treatment. Hope this helps. Dog Jones posted:gently caress yes... break into an industrial park in a foreign country, tap directly into the KGB's grid, set up my network of money laundering super computers.... Easy money baby You do first need the money to buy/steal like a hundred plus custom logic chips and/or graphics cards. But hey, they'll pay for themselves right? Especially if you keep promoting the idea that the market is rock-solid so other people need to do this too.
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Oct 30, 2017 17:14
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revwinnebago posted:You do first need the money to buy/steal like a hundred plus custom logic chips and/or graphics cards. But hey, they'll pay for themselves right? Especially if you keep promoting the idea that the market is rock-solid so other people need to do this too. gently caress buying them, I was planning on teaching myself how to customize chips anyway.
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Oct 30, 2017 17:40
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Stealing electricity to mine for virtual currency in hopes of becoming wealthy in the hollow shell of a Soviet factory that once employed thousands is quite the imagery.
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Oct 30, 2017 17:52
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gary oldmans diary posted:the "what goons said about bitcoin" goalpost is the most amusing one to have moved. very odd that not a single one of these "all bitcoin exchanges will crash!" posts can never be dug up even though they totally exist according to gbs bitcoin enthusiasts scroll up in this thread
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Oct 30, 2017 18:38
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Return Of JimmyJars posted:scroll up in this thread
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Oct 30, 2017 22:55
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gary oldmans diary posted:you got another case of "i cant remember the specifics but i just know its gotta be there"? Imagine being enough of a chickenshit that you spend years calling bullshit on something and then start moving the goalposts to like "err uhh I never said they would crash" So when the r/buttcoin yospos crew spent 5 years posting about buttcoins, talking about how they're a scam and you'll lose all your money, that the exchanges will rip you off, that you can't get the money out even when they're not ripping you off, that they can't be spent anywhere legitimate, they'll never be profitable or worth mining when factoring electricity costs, that they are used only for drugs, child porn and money laundering, do you know what MTGOX stands for, drying strawberries and bitcoin wallet passwords getting lost, posting bullshit graphs about trading volume drops that were utterly misleading and irrelevant, and claiming that they're a scam from China to get foreign currency... what exactly were you predicting  Maybe you can like, explain, so that you can't sit there and cry about people putting words in your mouth, why not express what you think will happen with Bitcoin and why exactly you've made hundreds and hundreds of posts mocking people talking about this thing
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Oct 30, 2017 23:12
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Ham Sandwiches posted:Imagine being enough of a chickenshit that you spend years calling bullshit on something and then start moving the goalposts to like "err uhh I never said they would crash" and then you interchangeably talk about a reddit subgroup and me. like dude are you aware at all that people who arent you have distinct identities? theres that autism of yours again but regardless of what degree of it you have its not a pass for your not being able to argue and falling back on some story about how you totally schooled gbs posters like crazy except only you can remember it
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Oct 30, 2017 23:24
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lol you keep bringing up how goons warned against using the exchanges before the most popular exchange ran off with everyones money as though that is a point against goons instead of massively for goons. there are still insanely few businesses bothering with bitcoin wallets even though it takes practically no effort to set one up (ie they arent interested). highly inadvisable to mine bitcoin with consumer hardware right now. used for drugs and child porn and money laundering -check. mtgox was literally the magic the gathering exchange. lol the rotten bitcoin strawberries. lol people losing their bitcoin wallet passwords. yeah actually the trading volume graphs are highly relevant and its actually trading practices that are illegal in regulated markets driving prices up. not sure how you arent aware of people in china using bitcoin to get foreign currency thanks for the trip down memory lane but if you actually think that stuff isnt real youre looney tunes
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Oct 30, 2017 23:32
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Raspberry Jam It In Me posted:So people are buying them as speculative investment? There are seriously millions of $ each month flowing into these decorative pogs/tulip bulbs? This is insane. I understand that some people have delusions about Bitcoin becoming some kind of currency at some point, but nobody can possibly believe that about Dogecoin, AlfCoin or whatever all these billions of alt-currencies are called. Welcome to the amazing world of speculative investment, where venture capitalists dump millions into buzzwords and ride the occasional Apple or Facebook or Google to the land of profit. But also keep in mind that market cap, the most commonly used metric, is not an estimate of how much money has flowed into a system. If I produce 20M QuarkTokens and then sell you one of them for $10, the market cap for QuarkTokens is suddenly $200M but only $10 of economic activity occurred. As an example of this in action, consider the ICO Universa: https://www.coinschedule.com/icos/e1401/universa-blockchain-ico.html Universa has a maximum supply of 15,000,000 tokens (UTN), and they're choosing to only ever sell 66% of those. This is their first week of sale, and they're selling the tokens for $0.01 each; next week they're raising their prices to $0.015. Their website suggests that they have already raised $12.5M. Can you spot the math error?
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Oct 31, 2017 06:59
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Also I'd like to remind the everyone that every month for the last 5 months a major exchange has been hacked and lost tons of customer deposits. It could be that the trend goes back farther than that but I didn't bother checking. I brought this up last time that Ham Sandwiches tried to imply that the exchanges are all fine, and it's as true now as it was then (~ a week or two ago).Ham Sandwiches posted:Imagine being enough of a chickenshit that you spend years calling bullshit on something and then start moving the goalposts to like "err uhh I never said they would crash" Point by point: -- I've been pointing out to you for months that the humor in bitcoin isn't found in its price but in its users. Bubbles eventually pop, that's a certainty. But "oh look at all of those people losing money" isn't really funny, nor is "hey I made $20 in bitcoin speculation today". "Hey look at this professor who got fired for trying to run bitcoin miners on a university's supercomputer" is funny. When the last small crash happened you'd think that goons would be in hysterics, but in reality that didn't happen because no one here gives a poo poo about the price, not even the day traders (because day traders make money on volatility; downswings can be as good as upswings, depending on the circumstance). -- Exchanges and darknet markets collapse or get hacked with somewhat surprising regularity and it's hilarious every time; not because people have lost money, but often because of the opsec failures behind those events, sometimes the reaction of the exchange staff, and always the bitcoin true believers savagely devouring their own on reddit with "that's why you don't use exchanges" style posts. But this is kind of weird because if you believe that bitcoin is a good and useful currency then why do you care about what happens on exchanges? That's not how currency usage works. Even pro-bitcoin blogs warn users against keeping bitcoins on an exchange because of the risk of losing your funds. -- Do you have some counterargument to the suggestion that the dominant bitcoin usecase is illegal usage, ie drugs, child porn, money laundering, ransomware, etc? But this is also an actual scenario where people exchange bitcoins directly for goods and services, like you would with any real currency; shouldn't that make you happy? -- "The acronym of one of the largest bitcoin exchanges in history, MTGOX, is hilarious": a true statement. -- The vast majority mining takes place in China, a country famous for its currency controls and its upper class population trying to get around them. China has shut down bitcoin trading within China, so bitcoins produced there can only be sold overseas. There aren't even any dots to connect here, it's literally what is happening. Why are you acting like this is controversial? Ham Sandwiches posted:Maybe you can like, explain, so that you can't sit there and cry about people putting words in your mouth, why not express what you think will happen with Bitcoin and why exactly you've made hundreds and hundreds of posts mocking people talking about this thing Here are some predictions: -- Exchanges and darknet markets will continue getting hacked and sometimes collapsing. -- The dominant bitcoin use-cases will continue to be illegal purchases and speculative investment; credit cards are cheaper and easier to use for all other purchases, so there's no reason to use bitcoins. -- Ancaps will continue salivating over bitcoin's ability to smash the state and end the fed, despite all evidence to the contrary -- Mark Karpeles (@MagicalTux) will continue doing nothing
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Oct 31, 2017 07:50
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I installed coinbase and am the proud owner of .0000001 BTC. I'm going to write my password on a sticky note and come back when it's jumped 24k percent and get the next Warren Buffet. Thanks hamb sanbwiches
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Oct 31, 2017 13:13
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QuarkJets posted:Also I'd like to remind the everyone that every month for the last 5 months a major exchange has been hacked and lost tons of customer deposits. It could be that the trend goes back farther than that but I didn't bother checking. I brought this up last time that Ham Sandwiches tried to imply that the exchanges are all fine, and it's as true now as it was then (~ a week or two ago). You completely moved the goalposts from "collapsing" to "getting hacked" because hey, as I pointed out by posting the Equifax hack and the SEC hack, hacks are pretty common these days. Since nobody is immune from them, bitcoin exchanges won't be either. So my question was "Where was the last hack where customers lost money" and suddenly Quarkjets had no response! And so it is this time. quote:-- Exchanges and darknet markets will continue getting hacked and sometimes collapsing. I'm interested in the following clarifications to predictions 1 and 2, the only useful predictions you felt like making: Re exchanges: 1. Within how many months will one collapse, and 2. During these oh so dangerous hacks that you keep bringing up, how many users will lose how much money? Last hack was 30,000 users on the exchange and 0 dollars, for reference. At what point of merchant acceptance would one have to admit that they are used for things beyond illegal purchases and speculative investment? Credit cards run 3% fees for the merchants which seems to get ignored, lets leave that aside and just ask about usage?
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Oct 31, 2017 15:53
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To paraphrase Evilweasel: 8 transactions a second, dipshit.
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Oct 31, 2017 16:11
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Satchel and Trunk posted:To paraphrase Evilweasel: 8 transactions a second, dipshit. So what happens if at some future point cryptocurrencies are being used for ~8 transactions a second?Just checking here
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Oct 31, 2017 16:16
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CME Group wants to launch bitcoin futures. Price up to $6400. http://www.reuters.com/article/us-cme-group-bitcoin/cme-to-launch-bitcoin-futures-in-fourth-quarter-subject-to-approvals-idUSKBN1D01UG
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Oct 31, 2017 16:53
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Ham Sandwiches posted:You completely moved the goalposts from "collapsing" to "getting hacked"  " that you apparently say to everyone is you either being mentally deranged enough to not understand the concept of other people on even a primitive level where you can differentiate them or you intentionally being a little bitch making poo poo up because youve come to realize your arguments are poo poo. at least your new random targeted accusations its not as weak as all your previous strawman insinuations that people you were arguing with in a vague sense said things similar to such and such
gary oldmans diary fucked around with this message at 17:53 on Oct 31, 2017 |
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Oct 31, 2017 17:46
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gary oldmans diary posted:and now that guy also apparently declared that bitcoin would collapse by now too? except i doubt it. according to you every person you argue with said bitcoin was going to collapse (by some date i presume). this whole "youre moving the goalposts "The exchanges are going to fold and steal all your money, and even if they don't you can't get your money out" "None of those things are true in October 2017" "Yes, but they're getting hacked! Every month! Just like I warned people!" No dude, this is not the claim that was being advanced. The last time an exchange had major liquidity issues was in April, and it was well documented, and people had a field day with it. Quarkjets is posting as if that's still happening, even claiming it happens on a monthly basis, and it absolutely has not. So if these exchanges are getting hacked, how many customers are losing money? And if the exchanges getting hacked means people aren't losing money, then why exactly does it matter or how does it somehow support the "exchanges are dangerous, unstable places where you can't put your money safely without it being stolen"? Are you trying to say that this means Coinbase is risky? Or are you NOT saying that? Just to be clear: the exchanges closing and running off with people's money, and bitcoin becoming worthless and being worth $20 again once the tulip mania is over, are separate claims, both were being made by the buttcoin crew
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Oct 31, 2017 17:51
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Ham Sandwiches posted:"The exchanges are going to fold and steal all your money, and even if they don't you can't get your money out" in your last post to me you interchangeably referenced a reddit subgroup, yospos, gbs, and me. your brain is all messed up nice pretendo conversation you made there in the quotes though  another example of your fantasy ownings of people
gary oldmans diary fucked around with this message at 17:59 on Oct 31, 2017 |
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Oct 31, 2017 17:56
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gary oldmans diary posted:learn to differentiate people you friggin idiot. i should not have to inform you of how stupid you look telling people they said this or that (by association and only in your mind) and therefor you totally owned them at least until you take your antipsychotic medication There are a whole bunch of people that have posted in these threads, making different claims, and Quarkjets has posted tons and tons of stuff about exchanges being unreliable, so I tried to pin him down on what he's predicting about the exchanges being unreliable, and then you turned it into some slam about bitcoins collapsing when we were talking about the exchanges, and how he must be one of those bitcoin collapsers too It seems like you not only can't read but can't separate the two arguments I'm making with different posters, and then I guess there's some poo poo about antipsychotic medication, maybe like just take some time to read the posts instead of trying to sling these lovely burns that you love oh so much dude.
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Oct 31, 2017 18:00
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Ham Sandwiches posted:and then you turned it into some slam about bitcoins collapsing when we were talking about the exchanges, and how he must be one of those bitcoin collapsers too
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Oct 31, 2017 18:03
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gary oldmans diary posted:what the gently caress are you talking about? i was talking about bitcoins collapsing? shut the gently caress up you idiot. you have gone 100% full steam ahead making poo poo up now. youve always been an idiot but now... is it fair to also call you a liar if its due to you being mentally unstable? You seem to be seriously loving melting down over a calm discussion over cryptocurrencies and predictions. And calling other people mentally unstable while working yourself into a tizzy over... crypto coins. How? This is what Quarkjets posted: quote:Also I'd like to remind the everyone that every month for the last 5 months a major exchange has been hacked and lost tons of customer deposits. Here is what I posted, note still talking about exchanges, not bitcoins quote:You completely moved the goalposts from "collapsing" to "getting hacked" Here is what you posted: quote:and now that guy also apparently declared that bitcoin would collapse by now too? except i doubt it. according to you every person you argue with said bitcoin was going to collapse (by some date i presume). this whole "youre moving the goalposts I gotta conclude you're mega dumb and can't follow the conversation, or are so certain that you can find some "gotcha" that you really can't understand what is being discussed
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Oct 31, 2017 18:09
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bitcoin doesn't seem very trustworthy
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Oct 31, 2017 18:17
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Ham Sandwiches posted:You seem to be seriously loving melting down over a calm discussion over cryptocurrencies and predictions. And calling other people mentally unstable while working yourself into a tizzy over... crypto coins. How? im not even going to point out how funny it is that you would not see an immediate connection between mental unstability and crypto coins even in the same sentence  crypto. coins. jesus christ try saying it out loud. the 4 groups that would find it appealing are people into illegal poo poo, people into even worse illegal poo poo, people who are  about the government keeping track of their spending, and people who are about the illuminati printing money in accordance with doctrines laid out by the greys as part of the human hybrid 5th dimensional tesseract programHam Sandwiches posted:I gotta conclude you're mega dumb and can't follow the conversation, or are so certain that you can find some "gotcha" that you really can't understand what is being discussed
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Oct 31, 2017 18:20
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I hope this isn't too bold of a claim but bitcoin's fuckin dumb. I'd rather pay exclusively in presidential coins
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Oct 31, 2017 18:20
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Probably its more interesting to talk about whether bitcoin is good or not, instead of whether it will succeed or fail..... the people who are saying it will fail usually are just arguing that bitcoin is a flawed idea anyway, as if that has any bearing on what ideas take root in society Can you make money off bitcoin ? Maybe, no one has a crystal ball.... The important question is, should we buy into the bitcoin system?
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Oct 31, 2017 18:27
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gary oldmans diary posted:ah yes the dude who has had twice as many posts as anyone else in every bitcoin thread for the past few years is going to talk about other people melting down and working themselves into a tizzy. that makes sense Wow dude this response is 100% slinging poo poo and not a single response to what I was pointing out, which is "The conversation was about the exchanges being shady, not only could you not figure that out you started calling people mentally unstable because you were confused or bewildered by the words you couldn't understand" Gary, the conversation was about the exchanges running off with people's money. Quarkjets posted that exchanges are getting hacked, monthly. And I wanted him to explain when would one run off with money or if people lost money, how much would they lose. Then you started with the "lol did he say bitcoins would collapse too" stuff and when I pointed out that you dont understand / appear to be literally melting down over some talk about exchanges, started accusing me of melting down?? I'm sorry your day isn't gong well but you seem to be having a hard time discussing cryptocurrencies today 
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Oct 31, 2017 18:29
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It's funny that the only value for bitcoin is the selling value in another currency
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Oct 31, 2017 18:33
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Fried Watermelon posted:It's funny that the only value for bitcoin is the selling value in another currency You can also mine money out of thin air and get paid for transactions. Maybe you'll be lucky enough to be compensated for the transaction that sells a bunch of child prostitutes in Eastern Europe!
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Oct 31, 2017 18:37
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A lot of hyper mad care posting otp (on this page)
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Oct 31, 2017 18:46
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Ham Sandwiches posted:Wow dude this response is 100% slinging poo poo and not a single response to what I was pointing out, which is "The conversation was about the exchanges being shady, not only could you not figure that out you started calling people mentally unstable because you were confused or bewildered by the words you couldn't understand" the quarkjets conversation you were having? you mean the one where you like to deliberately mix up one statement of someone saying exchanges have collapsed and another statement saying exchanges frequently get hacked so you can do your "moving the goalposts! moving the goalposts!" song and dance? that conversation? yeah we have noticed you love throwing out the whole "all you guys said bitcoin would collapse" blanket accusation so you can pretend to retroactively win arguments from previous threads. its sort of the gimmick youve had for years now
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Oct 31, 2017 18:52
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Minimalist Program posted:A lot of hyper mad care posting otp (on this page)
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Oct 31, 2017 18:58
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gary oldmans diary posted:you literally said i made some "slam" about bitcoin collapsing in response to me doing nothing of the sort. you previously accused me of saying bitcoins would "crash" (collapse). so dont pretend that whole segue doesnt come from the whole pretend conversation youre running in your head It comes from you misreading the conversation about the exchanges collapsing / folding / running off with money, thinking I was talking about the value of bitcoin crashing, and trying to be like "lol is this another dude you're accusing of posting that bitcoin will crash" when we were talking about exchanges quote:the quarkjets conversation you were having? you mean the one where you like to deliberately mix up one statement of someone saying exchanges have collapsed and another statement saying exchanges frequently get hacked so you can do your "moving the goalposts! moving the goalposts!" song and dance? that conversation? Now you seem to be following. Yeah, I was asking quarkjets to clarify what he's saying when he keeps bringing up that they get hacked. When will they close and run off with people's money, when will they lose customer deposits and not replace them / give haircuts, when will people get impacted financially? Because the claim about exchanges being super unreliable was established when liquidity was an issue. The situation totally changed after Coinbase and Gdax launched and got established. However, if one keeps claiming "wow nothing changed, exchanges keep getting hacked", it's bs just like that dumb trading volume chart. quote:yeah we have noticed you love throwing out the whole "all you guys said bitcoin would collapse" blanket accusation so you can pretend to retroactively win arguments from previous threads. its sort of the gimmick youve had for years now You are making poo poo up, different posters claimed different things, however the brigade of people certain that bitcoins are a worthless scam had some pretty consistent general points, and all of a sudden it's nothing of the sort! Nobody actually claimed anything, they were just laughing at redditors. Pretty cool stuff.
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Oct 31, 2017 19:01
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oh boy. you of all people talking about following conversations. good lordHam Sandwiches posted:You are making poo poo up, different posters claimed different things, however the brigade of people certain that bitcoins are a worthless scam had some pretty consistent general points, and all of a sudden it's nothing of the sort! Nobody actually claimed anything, they were just laughing at redditors. Pretty cool stuff. ah the "brigade". the conglomerate of gbs yospos reddit posters who made "consistent" points. sometimes you say those consistent points were that bitcoin was going to collapse (as you have brought up a million loving times). other times like now you say those consistent points were that bitcoin is a scam. its funny how the past somehow seems to have changed according to you (according to whatever is currently convenient). wont somebody please think of the goalposts? btw nobody is now saying bitcoin is not a bubble. its a scam as people have always said. you can try to make money at it is mathematically improbably for new investors to come in to pay off the old investors indefinitely while unethical traders artificially fluff the price in an unregulated market. the only thing that has changed about this description of bitcoin since day #1 is that the specifics of wash trading in bitcoin became more exposed whereas people only theorized before. complain about goalposts on that one as you like to gary oldmans diary fucked around with this message at 19:17 on Oct 31, 2017 |
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Oct 31, 2017 19:15
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gary oldmans diary posted:oh boy. you of all people talking about following conversations. good lord When goons were making fun of bitcoins over the last few years, there was a few core points, and I summarized them in that paragraph this page / last page. I believe you saw it. I can repaste it if you didn't. Bitcoins will not keep appreciating, they have no value, the exchanges will turn out to be fraudulent and will steal your coins / freeze your funds, you will lose your coins in a hard disk crash, you can't convert them to real currency, can't spend them at stores, they can't be mined anymore its too late, it's all China, only true believers etc etc I'm just trying to figure out when people are ok with declaring those no longer true, so I'm not sure why you have this fixation on which poster made which claim, seems like a massive red herring so that you can nitpick and refuse to accept the obvious quote:btw nobody is now saying bitcoin is not a bubble. its a scam as people have always said. you can try to make money at it is mathematically improbably for new investors to come in to pay off the old investors indefinitely while unethical traders artificially fluff the price in an unregulated market. the only thing that has changed about this description of bitcoin since day #1 is that the specifics of wash trading in bitcoin became more exposed whereas people only theorized before. complain about goalposts on that one as you like to People were saying stuff like this when bitcoin was flirting with $3000 in the summer. If any disinterested thread reader had ignored them and done what is considered unwise, their coins would now be worth 2x their initial investment . I find giving people this kind of advice odd / unhelpful, especially when considering how wrong it proves to be over time, so I continue to try to figure out why some posters (such as yourself) feel compelled to act like they know what's going to happen with Bitcoin, and to save poor vulnerable people that apparently don't have such wisdom. Here's a real clear example: People were claiming in July that you could no longer mine coins profitably because bitcoins were $3000 and china farms, so factor in electricity and it's a loss. Except, with bitcoin now at $6300, that was patently untrue. Why is it so important to be so wrong? Who knows, but it keeps happening.
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Oct 31, 2017 19:22
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Ham Sandwiches posted:When goons were making fun of bitcoins over the last few years, there was a few core points, and I summarized them in that paragraph this page / last page. I believe you saw it. I can repaste it if you didn't. Bitcoins will not keep appreciating, they have no value, the exchanges will turn out to be fraudulent and will steal your coins / freeze your funds, you will lose your coins in a hard disk crash, you can't convert them to real currency, can't spend them at stores, they can't be mined anymore its too late, it's all China, only true believers etc etc Ham Sandwiches posted:People were saying stuff like this when bitcoin was flirting with $3000 in the summer. If any disinterested thread reader had ignored them and done what is considered unwise, their coins would now be worth 2x their initial investment . I find giving people this kind of advice odd / unhelpful, especially when considering how wrong it proves to be over time, so I continue to try to figure out why some posters (such as yourself) feel compelled to act like they know what's going to happen with Bitcoin, and to save poor vulnerable people that apparently don't have such wisdom. Ham Sandwiches posted:Here's a real clear example: People were claiming in July that you could no longer mine coins profitably because bitcoins were $3000 and china farms, so factor in electricity and it's a loss. Except, with bitcoin now at $6300, that was patently untrue. Why is it so important to be so wrong? Who knows, but it keeps happening. now you are mixing up past and present?  you could probably use an explanation on how when return over electricity cost is less than 1 or over 1 are scenarios which can be described differently but why bother when youre too busy trying to retroactively win arguments in your fantasy land free of constraints of space and time
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Oct 31, 2017 19:44
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I dunno anything about this stuff but I get a free bitcoin every time ol' Hammy says "goalposts."
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Oct 31, 2017 19:51
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quick, gary oldmans diary, tell CME Group that bitcoin is a scam before they waste their time offering bitcoin futures trading
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Oct 31, 2017 19:52
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gary oldmans diary posted:"Except, with bitcoin now at $6300, that was patently untrue." It's pretty incredible how I gotta walk you through this stuff step by step, can you really not follow the logic: When someone says "It's not worth it to mine bitcoins ,you will spend more in electricity" it's an implicit claim that the currency will not appreciate. It assumes that the current price will hold. The price of electricity is known, the price of bitcoin was known at the time ($3000). The obvious rebuttal to that claim "Yeah, but it may go up, in which case your analysis is BS" just gets met with "BIGGER NUMBER BETTER" or "SPECULATIVE BUBBLE TULIPS" so every single person that said "You can no longer mine bitcoin profitably at $3000" was acting like they checked their crystal ball, and yep, bitcoin stays at 3000 in the future, so it's not profitable to mine. Except, now in October 2017, it's clear that Bitcoin didn't stay at $3000, so that prediction was false. if you make that kind of claim, and the value of bitcoin goes to $6000, meaning that yeah, now that we can see the answer to this future prediction of whether you can mine them profitably, and that answer was "Well gee Bitcoin doubled, I guess it would have been profitable no matter what electricity costs where you live, but those guys were really really sure that it wasn't going to double any further and kept repeating it like it was true"
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Oct 31, 2017 20:13
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