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LGD posted:the genuine advantage they have over, say, a paper currency issued by a man in your town who wears a tinfoil hat and believes himself to be the god emperor of the universe is that you've got a pretty good upfront guarantee of how the money creation process will work on an ongoing basis if your friends and neighbors decide to start using it for whatever reason Slander Emperor Norton's good name at your peril sirrah.
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Nov 19, 2017 01:23
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Mumpy Puffinz posted:did anyone say buttcoin yet?
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Nov 19, 2017 01:32
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Oh my god!
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Nov 19, 2017 01:35
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Adar posted:really? Yes, really. There are numerous cheap ways to transfer money between the UK and the US, and bitcoin is only one of them if you ignore the additional time and cost of converting bitcoin to and from other currencies. This won't be a working example unless you can easily do things like pay rent or a mortgage directly in bitcoin So we're at 0 still, but I asked for 5...
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Nov 19, 2017 01:57
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QuarkJets posted:So we're at 0 still, but I asked for 5... Drugs, weapons, sex trade, child porn, botnets Bitcoin wins again
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Nov 19, 2017 02:15
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Inept posted:Drugs, weapons, sex trade, child porn, botnets Bitcoin!
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Nov 19, 2017 02:35
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But has anyone said Bartcoin?
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Nov 19, 2017 05:15
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Inept posted:Drugs, weapons, sex trade, child porn, botnets *illicit purchases* and *ransomware* would be 2, but bitcoin purchases aren't actually anonymous and people get hosed all the time for broadcasting their illicit purchases onto a tamper-reisistent public ledger, so maybe that's actually just 0. "Easier to catch criminals who don't understand the problem in using a public ledger" could be 1 QuarkJets fucked around with this message at 06:08 on Nov 19, 2017 |
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Nov 19, 2017 06:06
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mojo1701a posted:But has anyone said Bartcoin? Bortcoin?! You got to be kidding me...
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Nov 19, 2017 08:38
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Solice Kirsk posted:Bortcoin?! You got to be kidding me... My coin is also named Bort
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Nov 19, 2017 08:50
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Uranium 235 posted:Ethereum recently upgraded their transaction speed and they complete in minutes now. If you need to send money overseas then just use eth if it's an option Oh, you mean the currency that just had 300 million dollars accidentally eradicated?
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Nov 19, 2017 09:05
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a hot gujju bhabhi posted:Oh, you mean the currency that just had 300 million dollars accidentally eradicated? Parity is the best wallet to use. Gavin Wood himself started the company, you know.
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Nov 19, 2017 10:52
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Stefan Prodan posted:My coin is also named Bort Were you talking to me?
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Nov 19, 2017 12:32
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divabot posted:Parity is the best wallet to use. Gavin Wood himself started the company, you know. thats his real life name? and he's not a gay porn star? What a waste
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Nov 19, 2017 12:35
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Mumpy Puffinz posted:thats his real life name? and he's not a gay porn star? What a waste That's Doctor Lance Thrust to you.
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Nov 19, 2017 12:40
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mojo1701a posted:But has anyone said Bartcoin? Tell me more about bartcoin
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Nov 19, 2017 14:56
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I have personally made more money from Bitcoin than a lot of the enthusiasts, without ever having touched one: MarketWatch: The reasons Americans give for buying bitcoin show they have no idea what they’re doing quote:Three-quarters of bitcoin holders could not identify a sound financial reason for investing, two-thirds said they hadn’t locked in a nickel of profits even as the price of the token rocketed skyward, and more than half said they didn’t worry about the technology security of their bitcoins — even though hundreds of millions of dollars of the tokens have already been stolen by online hackers.
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Nov 19, 2017 15:14
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divabot posted:I have personally made more money from Bitcoin than a lot of the enthusiasts, without ever having touched one: If it really means anything that you've made a mid-four-figure amount from Bitcoin (and it must because you keep repeating it), you should know that Adar has made millions from poker (including a piece of a poker site), prediction markets, and other speculative investments.
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Nov 19, 2017 16:55
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thats cool but he isnt using that figure as to back up the worth of his statements as part of his own reasoning. its more of an indulgence of following the reasoning of people who think they cant be wrong because number go higher
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Nov 19, 2017 17:18
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QuarkJets posted:Yes, really. There are numerous cheap ways to transfer money between the UK and the US, and bitcoin is only one of them if you ignore the additional time and cost of converting bitcoin to and from other currencies. This won't be a working example unless you can easily do things like pay rent or a mortgage directly in bitcoin it took me five years to accept rationality had lost so I don't blame you, but you'd think that after I posted multiple actual cases from experience your reply would be something better than "well there are other better ones because I said so. you're still at zero, checkmate  "I'll freely admit it actually doesn't matter either way because the current size of the bubble means we're not here to talk about whether bitcoin is hypothetically useful to anyone any more than the goons in the doobie thread are there to talk about hot dogs. but at the end of the day, doobie still has a bunch of their money, and when this bubble is over, a lot of money will still be redistributed. if you're looking at a 220 billion combined market cap and thinking 'wow, every single one of these fools will go broke forever' you're doing it wrong. divabot posted:I have personally made more money from Bitcoin than a lot of the enthusiasts, without ever having touched one: good thing I'm not an enthusiast. checkmate
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Nov 19, 2017 18:04
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were you 2 even talking to each other about who has more money or more bits at some point?
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Nov 19, 2017 18:19
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People like posting doom and gloom stories about bitcoin at length, thanks to r/buttcoin posts, so I'll start passing along some positive ones:quote:Regular lurker here but this is a throwaway account for privacy reasons. Also, English is not my first language. Different post: quote:My BTC, which I've held for only 3 years, are today officially worth more than my 10+ years of investing into my 401(k). And another, titled "Bitcoins saved my mom's life" quote:Hello Bitcoin Folks,
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Nov 19, 2017 19:19
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"reddid/buttcoin posts  "*copies and pastes reddit/bitcoin posts*
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Nov 19, 2017 19:22
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gary oldmans diary posted:"reddid/buttcoin posts There are hundreds and hundreds of buttcoin posts here, and people have asked endlessly "where are the people that made money!!" Well, here are some
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Nov 19, 2017 19:30
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The first two haven't made poo poo until they get the actual money out. PS you ever going to give those citations I kept asking for?
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Nov 19, 2017 19:36
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vortmax posted:The first two haven't made poo poo until they get the actual money out. To the guy that says "Oh I'm just here to make fun of you" and fucks off every single time I respond? Lol dude just keep doing your dumb burns
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Nov 19, 2017 19:39
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Ham Sandwiches posted:To the guy that says "Oh I'm just here to make fun of you" and fucks off every single time I respond? Lol dude just keep doing your dumb burns Tell me, in which peer-reviewed journals have you been published? I want to know more about your research.
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Nov 19, 2017 19:48
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Ham Sandwiches posted:There are hundreds and hundreds of buttcoin posts here, and people have asked endlessly "where are the people that made money!!" Well, here are some
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Nov 19, 2017 19:55
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gary oldmans diary posted:the part before the "and" and the part after the "and" here is your crazy shining through again There have been lots of posts asking "Where are the stories of people actually making money without getting scammed", and of course it turns out you're a piece of poo poo that calls people crazy for having a different opinion on cryptocurrencies than you.
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Nov 19, 2017 19:57
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no youre crazy for living in a fantasy world and it turns out you probably need real help i think early on i had a slight notion that the concept of a cryptocurrency would really appeal to certain kinds of crazy people but i didnt think id get to see it
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Nov 19, 2017 19:59
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I bought at 5k, sold at 7.2k and made 3k and it was aight. my Overstock stock isn't doing too hot and will probably crash when their ICO fizzles but its still fun.
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Nov 19, 2017 19:59
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lol no one says you can't make money with bitcoin they said you shouldn't however have i ever told you about avon? its a bold way for smart self-entrepreneurs like yourself to make MILLIONS! I heard one guy bought a self-jacking yacht with all the money he made! all you have to do is just keep shoveling in money and someday you'll be able to retire at 13!
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Nov 19, 2017 20:01
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Tiberius Christ posted:however have i ever told you about avon? its a bold way for smart self-entrepreneurs like yourself to make MILLIONS! I heard one guy bought a self-jacking yacht with all the money he made! all you have to do is just keep shoveling in money and someday you'll be able to retire at 13!
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Nov 19, 2017 20:04
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Tiberius Christ posted:lol no one says you can't make money with bitcoin they said you shouldn't "To the guy that has 2 million dollars in assets off a $6k buy in - you shouldn't have done that, Avon would have been better" forums poster Tiberius Christ Minimalist Program posted:I bought at 5k, sold at 7.2k and made 3k and it was aight. my Overstock stock isn't doing too hot and will probably crash when their ICO fizzles but its still fun. P cool that you made some money and had some fun.
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Nov 19, 2017 20:04
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Adar posted:if you're looking at a 220 billion combined market cap then you're using a meaningless number. "Market cap", calculated from multiplying today's rough price for a token by the total number of tokens, doesn't tell you anything useful - it's not an amount you could realise if you sold them all, it's not an amount you could buy out a whole coin for, it's not an amount that people put into it. It's a number that's easy to calculate and headline-friendly, but it isn't useful, because trading is so thin. If you want a useful number to compare coins, the daily trading volume would approximate interest level in a coin. (Coinmarketcap shows this.) The only time "market cap" could be a useful number is for a tiny altcoin, because it'll be in the range of the approximate cost of mounting a 51% attack (as has happened more than once).
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Nov 19, 2017 20:08
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Them Europeans just captured some illicit bitcoin. "In a simultaneous blitz, Dutch cops arrested eight men, three of them Irish, as they seized 175 kilos of cocaine, cannabis, vacuum-packed cash, computers, encrypted phones and €3million worth of the bitcoin cryptocurrency. And in follow-up searches in Dublin yesterday, another three men were held when gardai nabbed heroin worth €500,000, three imitation firearms and €6,000 cash in a series of raids." https://www.thesun.ie/news/1813113/...onal-crackdown/
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Nov 19, 2017 20:29
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I made like 80 dollars from bitscoin and they’re in my bank account as cold Hard fiat, yet I’m extremely worried about taxes and what the gently caress I have to do or maybe I’ll just ignore it and wait for the feds to hunt me down like a dirty animal
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Nov 19, 2017 20:31
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Ham Sandwiches posted:assets
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Nov 19, 2017 21:04
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Adar posted:it took me five years to accept rationality had lost so I don't blame you, but you'd think that after I posted multiple actual cases from experience your reply would be something better than "well there are other better ones because I said so. you're still at zero, checkmate My accusation was that you hadn't done sufficient math nor sufficient research, and you don't seem to have countered that accusation except to say "nuh-uh"...
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Nov 19, 2017 21:39
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Comfy Fleece Sweater posted:I made like 80 dollars from bitscoin and they’re in my bank account as cold It is pretty easy to figure out your tax obligation, assuming you bought the bitcoins. If you mined them then it's a little harder but not too bad. If you got paid in bitcoins for mining altcoins with Nicehash then lol good luck
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Nov 19, 2017 21:42
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