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I want to die quote:Bitcoin-enabled fintech platform Coins.ph announced it has been granted an Electronic Money Issuer (EMI) license by the Bangko Sentral ng Pilipinas (BSP), making it the first blockchain startup in Asia to win such a license from monetary regulators, it said in a statement issued Nov. 17.
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Nov 20, 2017 14:59
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I think this really gets the thread title https://twitter.com/guardian/status/932605578823729152
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Nov 20, 2017 15:19
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Jose posted:I think this really gets the thread title "We're just gonna pretend to wring our hands about it, then vigorously do nothing to help because who gives a gently caress if poors die and that money would be better spent enriching cronies. While we're at it we'd better step up arrests because cops have a massive hardon for playing gestapo and love getting any excuse to assault and murder the downtrodden."
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Nov 20, 2017 15:58
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gradenko_2000 posted:I want to die if you deposit your bitcoins in a central site and run transfers through there it seems like you lose all the things that cryptocurrencies give you the trajectory for cryptocurrencies right now is for them to get subsumed into the banking system so rents can be extracted by banks and VC money
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Nov 20, 2017 16:12
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silentsnack posted:"We're just gonna pretend to wring our hands about it, then vigorously do nothing to help because who gives a gently caress if poors die and that money would be better spent enriching cronies. While we're at it we'd better step up arrests because cops have a massive hardon for playing gestapo and love getting any excuse to assault and murder the downtrodden." Basically the plot to the new Kingsmen movie Where's my laser whip dammit
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Nov 20, 2017 16:33
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we can't get pensions bc they're hiding in the caymans lmao http://www.ibtimes.com/political-capital/paradise-papers-your-retirement-cash-may-be-caymans-can-you-get-it-back-2615694
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Nov 20, 2017 16:39
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bitcoin is at 8.2k lmao
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Nov 20, 2017 16:46
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Karl Barks posted:bitcoin is at 8.2k lmao whoa I haven't been reading the Bitcoin laugh thread in a while, time to catch up
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Nov 20, 2017 16:48
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Love to live through modern day tulip mania.
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Nov 20, 2017 16:52
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riding that wave, gotta sell at the exact right moment fellas
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Nov 20, 2017 17:01
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Well I mean it's also possible that in five years, the world's entire money supply will have been redistributed towards Bitcoin havers. Right?
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Nov 20, 2017 17:24
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bitcoin will be capitalized at 5 trillion dollars and then everyone will have to switch to it bing bong so simple
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Nov 20, 2017 17:29
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Rated PG-34 posted:we can't get pensions bc they're hiding in the caymans lmao lol quote:During the 2012 election, though, the Cayman Islands Journal reported that longtime Democratic Party official Donna Brazile told investors at a Cayman Islands conference that “the American people are not against offshore wealth, offshore ‘tax havens’, but they’re often told that, you know, this is taking something away from them."
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Nov 20, 2017 17:30
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lov 2 record my currency transactions using uncapped proof-of-work that consumes energy inversely proportional to how costly it is, ensuring that it must consume absolutely more energy as energy production grows more efficient.
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Nov 20, 2017 17:38
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brb gonna quantum compute all the bitcoins
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Nov 20, 2017 17:43
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8 new posts, and they're all about Bitcoin. Bitcoin is still way too small to cause any major crisis if it collapses. Nobody but bitcoiners will care. So why is it infecting this thread when there's a perfectly good one about it on the front page of GBS?
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Nov 20, 2017 21:04
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Manic Technophile posted:8 new posts, and they're all about Bitcoin. bitcoin miner spotted
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Nov 20, 2017 21:06
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yeah bitcoin doesnt matter much in the grand scheme but its massive increase is due to capital running out of places to go and as a means to circumvent capital controls
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Nov 20, 2017 21:07
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https://www.vanityfair.com/news/2017/11/wall-street-fears-trumps-deranged-tax-plan-could-kick-off-economic-euthanasiaquote:Worse, he says, it could lead to another housing crisis, just as the last one is (or should be) still fresh in our collective memories. Here’s his thinking (which is hard to refute): Since, generally speaking, one of the largest state taxes is on property—your home—eliminating the federal tax deduction for state property taxes will inevitably cause the cost of homeownership in states with high property taxes to go up. It follows, logically, that if the annual cost of home ownership goes up, then the value of the home—which is for most people their single most-valuable asset—must go down. The National Association of Realtors commissioned a recent study that predicted that the elimination of the deduction for state and local taxes could result in a decrease in home valuations of between 10 percent and 17 percent. lol if the GOP crashes the housing market twice in one decade.
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Nov 20, 2017 22:52
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lol so the stock market is going to crash whether they pass the bill or not. good to know.
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Nov 20, 2017 23:11
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once again the sandwich-heavy portfolio pays off
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Nov 20, 2017 23:43
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got any sevens posted:once again the sandwich-heavy portfolio pays off 401k's are gonna be in good shape in 10 years if every stock is a penny stock for 2018 of course maybe the republic breaks up and our currency becomes toilet paper, too still, it's not like we have pensions or the likelihood of social security still being around when we're nearing retirement, so is it really gambling when it's your only choice?
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Nov 20, 2017 23:54
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Manic Technophile posted:8 new posts, and they're all about Bitcoin. I'm fine with 8 posts about Bitcoin, as long as it doesn't become 80,000 posts like in GBS.
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Nov 20, 2017 23:55
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Epic High Five posted:still, it's not like we have pensions or the likelihood of social security still being around when we're nearing retirement, so is it really gambling when it's your only choice? the only thing stopping our generation from collecting social security is our unwillingness to fight for it
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Nov 21, 2017 00:04
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Agronox posted:the only thing stopping our generation from collecting social security is our unwillingness to fight for it it ain't the progressives I've seen offering it up on a platter in the name of bipartisanship, and it sure as hell ain't the centrists advocating for raising the cap on contributions
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Nov 21, 2017 00:15
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Rated PG-34 posted:we can't get pensions bc they're hiding in the caymans lmao Unironically invade the Caymans.
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Nov 21, 2017 02:08
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Nov 21, 2017 03:20
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Manic Technophile posted:8 new posts, and they're all about Bitcoin. cus its funny
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Nov 21, 2017 03:23
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I'll care because it'll finally make GPU prices great again!!
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Nov 21, 2017 04:06
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I thought miners transitioned to custom hardware
rudatron fucked around with this message at 04:10 on Nov 21, 2017 |
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Nov 21, 2017 04:07
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I thought all mining is done in the cloud. speaking of funny https://twitter.com/buttcoin/status/932813652603887616
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Nov 21, 2017 04:37
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depends what you mine, if you love bitcoin you're running custom hardware in a warehouse in china, if you love [insert bitcoin replacement here] you're loving up the gpu market
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Nov 21, 2017 04:44
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Surely you'd just run asics in both though, lower cost per hash is the only metric that matters
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Nov 21, 2017 04:53
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rudatron posted:Surely you'd just run asics in both though, lower cost per hash is the only metric that matters i think the whole point of the buttcoin alternatives is to make custom hardware mining infeasible
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Nov 21, 2017 04:54
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like something about them requires more memory or something that GPUs do better i'm not a bitcoin / computer scientist so idk about details
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Nov 21, 2017 04:55
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rudatron posted:I thought miners transitioned to custom hardware they did for bits but nobody has custom hardware for ethereum or any of the other new ones yet
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Nov 21, 2017 05:00
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logikv9 posted:i think the whole point of the buttcoin alternatives is to make custom hardware mining infeasible not infeasible, just using different math with different hardware optimizations so you couldn't use the same stuff you used on butts for anything else nearly as effectively
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Nov 21, 2017 05:04
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logikv9 posted:like something about them requires more memory or something that GPUs do better they really hosed up going whole hog into asics and not stickin to fpgas
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Nov 21, 2017 05:06
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God I should have just started a business selling bitcoin hardware, squeezing as much cash from gullible libertarians as possoble Like the saying goes, if you want to get rich in a gold rush, sell shovels
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Nov 21, 2017 05:08
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https://twitter.com/Reuters/status/932774126581964801 Talks have deadlocked as the US isn't budging from any of it's demands that Canada and Mexico find unacceptable. This is the fifth round of negotiations out of seven. The sixth round will be in January. The seventh and last round needs to be done before the end of March to avoid overlapping with the Mexican presidential election.
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Nov 21, 2017 05:22
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