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Sane people: "We need to find a way to reduce usage of fossil fuels to limit the effects of catastrophic climate change." Libertarians: "I invented a thing that turns power into money!"
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Nov 16, 2017 19:02
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This is art.
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Nov 16, 2017 19:06
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KillHour posted:Sane people: "We need to find a way to reduce usage of fossil fuels to limit the effects of catastrophic climate change." What baffles me is that the bitcoin bubble keeps getting popped, and then it immediately reinflates to even more ridiculous numbers. I've been predicting its death for years now because I can't conceive of any reason to buy bitcoins other than to sell them to later suckers after the price rises, and that's the definition of a bubble right there. And I keep being wrong.
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Nov 16, 2017 19:07
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TooMuchAbstraction posted:What baffles me is that the bitcoin bubble keeps getting popped, and then it immediately reinflates to even more ridiculous numbers. I've been predicting its death for years now because I can't conceive of any reason to buy bitcoins other than to sell them to later suckers after the price rises, and that's the definition of a bubble right there. And I keep being wrong. Drugs and Child Porn.
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Nov 16, 2017 19:08
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My understanding (shaky) is that bitcoin's value was initially propped up because people were using it for gray/black market transactions (like drugs) so it had value to those people not to hold, but to use as an exchange. Then people cottoned to the fact that it could be used to move money that would otherwise be controlled - you can't transfer a ton of money out of China, but you can use your Chinese money to build a bitcoin farm, mine a bunch of bitcoins, and then sell those for whatever currency you want. It stayed in demand because it had an appeal to a particular problem.
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Nov 16, 2017 19:29
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TooMuchAbstraction posted:What baffles me is that the bitcoin bubble keeps getting popped, and then it immediately reinflates to even more ridiculous numbers. I've been predicting its death for years now because I can't conceive of any reason to buy bitcoins other than to sell them to later suckers after the price rises, and that's the definition of a bubble right there. And I keep being wrong. Never underestimate stupid people. KillHour posted:Drugs and Child Porn. Are you suggesting we invest in these?
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Nov 16, 2017 19:38
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spog posted:Are you suggesting we invest in these? No. Difficult to exit and immature market, respectively.
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Nov 16, 2017 19:42
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Jaded Burnout posted:No. Difficult to exit and immature market, respectively. 
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Nov 16, 2017 19:45
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Jaded Burnout posted:No. Difficult to exit and immature market, respectively. Jesus.
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Nov 16, 2017 19:45
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That was nice of them to give the archer his own office.
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Nov 16, 2017 20:40
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Can you even turn Bitcoins into real money? I remember back in the early GBS thread there was like year long wait list on the exchange thing, if you weren't willing to accept grocery bagfuls of Wal-Mart gift cards or drugs. So does being a bitcoin millionaire even get you anything? Also somebody find that one coin farm that had the exposed bus bars running down the place.
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Nov 16, 2017 20:53
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There was a time that Tesla and Biglots accepted buttcoins
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Nov 16, 2017 20:58
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ExplodingSims posted:Also somebody find that one coin farm that had the exposed bus bars running down the place. lol "one"
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Nov 16, 2017 20:59
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You can buy stuff on steam with bitcoins now
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Nov 16, 2017 21:01
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My understanding is that you can move a small amount of bitcoins but you can issues if you try to dump too much because it can gently caress up your exchange or even the market. There was someone in BFC who had a client who had accepted Bitcoins from a friend years ago, and now realized they had soared and was trying to get the cash out. They worked out a way to convert a small amount regular to slowly bleed down the balance, and it worked ok. If you are a bitcoin millionaire you may not be able to get that liquid very quickly, though, because its dependent on people wanting to buy that many bitcoins.
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Nov 16, 2017 21:15
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Armacham posted:You can buy stuff on steam with bitcoins now How on earth do they price things in bitcoin with the market fluctuating so much?
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Nov 16, 2017 22:09
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My stepdad hangs out with certain circles of private investment people and there's a lot of interest right now. Like, the Big Money people look at the returns and can't help themselves. A big part of Bitcoin's current specualtion runup is because Serious Banker People are talking about *coin ETFs and poo poo. There's also a number of cloud software companies coming out with blockchain cloud services. I'm talking the big companies like microsoft, not just little players. The pitch for these things is super vague, like something about blockchain technology powering your business buzzword buzzword. It's all still scams on top of scams, difficult to turn back into real money, shady exchanges and market makers, and none of the serious technical and scalability problems have been addressed, nevermind the fundamental issue of deflationary-by-design. The longer it goes without crashing to zero, though, the more confident people will be in using it, because we are bad at intuitively grasping the nature of the risk and our instincts tell us instead that persistence is a strong sign of reliability.
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Nov 16, 2017 22:13
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I thought the blockchain stuff was using blockchain, the technology, not the BTC infrastructure itself? The idea of serious bankers "investing" in BTC is loving scary.
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Nov 16, 2017 22:16
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The Bitcoin Depression of 2029 gonna be a hell of a thing.
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Nov 16, 2017 22:17
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In the future we'll be complaining about having no credits like they did in future movies from the 80s
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Nov 16, 2017 22:21
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tangy yet delightful posted:The Bitcoin Depression of 2029 gonna be a hell of a thing. It used to be you had to stand in line the whole day with wheelbarrows full of bills to buy a single loaf of bread. Soon we'll all be shaving microscopic slivers from a virtual buttcoin to buy a loaf of bread.
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Nov 16, 2017 22:23
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I like how you can see more blinds in the reflection, which if that's a window to the outside as well, makes this individual blind all the more strange. TooMuchAbstraction posted:I thought the blockchain stuff was using blockchain, the technology, not the BTC infrastructure itself? The "technology" is just a write once database anyone can write to as long as they sign their name. As you can imagine, its not a technology that gets much use in real world projects. The press releases are all just buzzword capture and often have nothing to do with the blockchain.
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Nov 16, 2017 22:52
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Be sure to click in and view the full size images. https://twitter.com/GlasnostGone/status/930821480107175936
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Nov 17, 2017 00:45
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After Sochi, is anybody really surprised at this point?
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Nov 17, 2017 03:58
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duz posted:I like how you can see more blinds in the reflection, which if that's a window to the outside as well, makes this individual blind all the more strange. Bwaaaaaaaaaa `Nemesis posted:Be sure to click in and view the full size images. Holy poo poo
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Nov 17, 2017 04:12
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Nov 17, 2017 04:53
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Hey, at least the guy got one side right...
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Nov 17, 2017 06:49
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Ashcans posted:My understanding (shaky) is that bitcoin's value was initially propped up because people were using it for gray/black market transactions (like drugs) so it had value to those people not to hold, but to use as an exchange. Then people cottoned to the fact that it could be used to move money that would otherwise be controlled - you can't transfer a ton of money out of China, but you can use your Chinese money to build a bitcoin farm, mine a bunch of bitcoins, and then sell those for whatever currency you want. It stayed in demand because it had an appeal to a particular problem. Some of that, some of the remaining major trading house (Bitfinex) allowing currency manipulation practices that are outlawed by the SEC after the horrible crashes they inflicted on the market. Specifically market manipulation by posting sell orders at absurd prices, then buying those sell orders themselves or canceling at the last second. Also wash trading any time the price drops. Liquid Communism fucked around with this message at 12:54 on Nov 17, 2017 |
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Nov 17, 2017 12:51
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duz posted:The "technology" is just a write once database anyone can write to as long as they sign their name. As you can imagine, its not a technology that gets much use in real world projects. The press releases are all just buzzword capture and often have nothing to do with the blockchain. I read a puff piece about using blockchain to let people invest in rare cars. OK, nothing wrong with that. Makes some kind of sense. But really, at that point there's no difference between blockchain versus issuing 1,000,000,000 (private) shares in a trust.
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Nov 17, 2017 13:00
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DrBouvenstein posted:How on earth do they price things in bitcoin with the market fluctuating so much? IIRC, they don't directly accept bitcoin. They use a third-party payment processor that takes the bitcoins and pays Steam in real money. They never actually hold bitcoins themselves. This is how pretty much every business that accepts bitcoins handles bitcoins, because only loving bitcoiners want to hold onto bitcoins.
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Nov 17, 2017 13:51
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~Coxy posted:I read a puff piece about using blockchain to let people invest in rare cars. Because what the collector car market needs is additional volatility. 
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Nov 17, 2017 14:50
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Twitter thread highlighting the horror or design that is The Cheesecake Factory https://twitter.com/maxkriegervg/status/931373170791198720
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Nov 17, 2017 17:31
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It gets better. Apparently the owner of the Cheesecake Factory is part of a niche religion whose plans for a new house of worship ran afoul of a glorified HOA. quote:The opposition was stunned. “It was like when the Panzers rolled in as part of their Blitzkrieg,” one SCA member told a local blog at the time. “It was the closest I’ve ever come to feeling raped,” Bob says now. “Violated. I was stick to my stomach. I never experienced that in my life.” quote:In one 2012 meeting, Cheesecake Factory CEO David Overton came to voice support. He identified as a member of Sufism Reoriented's Board of Directors. He praised the quality of the sanctuary’s architects, which was indeed top of the line: the plans came from the elite New York firm Philip Johnson Alan Ritchie, which had built Central Park West’s massive Trump Tower. quote:Others had argued that construction would trigger aggression and cause permanent hearing loss in children, or force homes teetering off the sides of cliffs. Steven, dressed mildly in a white polo shirt and sweater vest, went further: he promised that if construction somehow harmed his own family, “I will make sure there is hell to pay.”
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Nov 17, 2017 18:56
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there wolf posted:It gets better. Apparently the owner of the Cheesecake Factory is part of a niche religion whose plans for a new house of worship ran afoul of a glorified HOA. This was a decent read.The thing might be ugly but you would never see that kind of opposition to a christian church so gently caress that association.
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Nov 17, 2017 20:21
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quote:He praised the quality of the sanctuary’s architects, which was indeed top of the line: the plans came from the elite New York firm Philip Johnson Alan Ritchie, which had built Central Park West’s massive Trump Tower. This is your monthly reminder that one day people are going to fight for the preservation of any and all properties Donald Trump owned, as if they were Monticello.
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Nov 17, 2017 20:40
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Platystemon posted:This is your monthly reminder that one day people are going to fight for the preservation of any and all properties Donald Trump owned, as if they were Monticello. LA LA LA LA LA I CAN'T HEAR YOU!!!!!!
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Nov 17, 2017 20:59
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Time to bring back damnatio memoriae.
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Nov 17, 2017 21:04
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I love the insanely dishonest fearmongering NIMBY's will use against any project. Like come up with some legit opposition, but don't make poo poo up about deaf children or houses being pushed off cliffs. That said, don't huge mega churches attract ridiculous amounts of traffic since everyone drives to them and this is already an area with no sidewalks? Would it be better to site a building like that somewhere a bit more accessible, like maybe near transit and sidewalks and poo poo?
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Nov 17, 2017 21:11
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therobit posted:This was a decent read.The thing might be ugly but you would never see that kind of opposition to a christian church so gently caress that association. My dude this comes up literally every time the LDS church builds a temple http://archive.azcentral.com/community/phoenix/articles/20100108-mormon-temple-opposition.html The residents submitted a huge list of demands to the church, including relocating the building to the far corner of the lot, reducing the number of parking spaces, changing the exterior color and construction materials, no nighttime lighting, and reduced operating hours. The church compromised on every point, wanting to be good neighbors and cooperate with the community. Zoning council unanimously approved a 10 foot height variance for the building, and then the neighbors collected signatures to put it to a ballot measure to block construction anyway. The church observed that the neighbors were not acting in good faith, and redesigned the building so there would be no variance needed. And then a lot of those concessions got rolled back.
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Nov 17, 2017 21:14
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Sometimes I wish developers would show up with the ugliest possible by-right structure, then offer thier biger, nicer project with variances just to see what would happen.
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Nov 17, 2017 21:23
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