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Wulfolme posted:I think the real question is, if the bitcoin bubble pops will anyone trust the word 'blockchain' ever again? I feel like a true understanding of the technology eludes most people, and the buzzwords around bitcoin will go down with it. I can see the well being poisoned for the entire idea of cryptocurrency after investors lose the money they put on bitcoin, even if no other coin goes down with it. Bitcoin already crashed in 2014 You can’t underestimate stupidity, and if bitcoin is stronger because of stupid, well then it’s the most powerful force in the world
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Nov 29, 2017 04:15
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Comfy Fleece Sweater posted:bitcoin is [...] the most powerful force in the world  
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Nov 29, 2017 04:22
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Comfy Fleece Sweater posted:Bitcoin already crashed in 2014 I know about MtGox taking the money and trying to run. I mean what if people with real money get burned on the bitcoin bubble? What if an investment firm is the one left holding the bag? How far will the distrust carry?
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Nov 29, 2017 04:33
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First we pass keto, soon, r/woodworking! Bitcoin!
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Nov 29, 2017 04:40
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Inept posted:First we pass keto, soon, r/woodworking! Bitcoin!
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Nov 29, 2017 04:48
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 This is all going to end in tears
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Nov 29, 2017 06:03
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$10,640 probably time to sell. not gonna
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Nov 29, 2017 06:08
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lol this owns
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Nov 29, 2017 06:13
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Uranium 235 posted:lol this owns I'm never going to be able to buy a new graphics card. 
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Nov 29, 2017 06:24
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Uranium 235 posted:lol this owns 
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Nov 29, 2017 06:24
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Toys For rear end Bum posted:
DEFINITELY NOT A BUBBLE
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Nov 29, 2017 06:38
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well that was fun while it lasted almoast got up to $11k
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Nov 29, 2017 06:38
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Here comes the dive. Hit $10,900 for a few seconds
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Nov 29, 2017 06:39
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Wulfolme posted:I know about MtGox taking the money and trying to run. I mean what if people with real money get burned on the bitcoin bubble? What if an investment firm is the one left holding the bag? How far will the distrust carry? oh I have no doubt that when the bubble pops it's going to somehow take a huge chunk of the economy with it because a handful of rear end in a top hat wallstreet investors bet the farm on internet funny money it'll be the dot com crash all over again
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Nov 29, 2017 06:40
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Ham Sandwiches posted:How can you struggle with such simple questions? One more time, we're up to 4 or 5 where you can't muster a response. Lol. note how every time someone brings up problems with bitcoins Ham Sandwiches pivots to talking about cryptocurrencies more generally the question isn't whether or not distributed databases are useful, the question is why is bitcoin, specifically, useful; and the answer is that it isn't very useful at all, its value is derived from speculation rather than usefulness
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Nov 29, 2017 06:42
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EAT FASTER!!!!!! posted:It's more than taxes, comrade, it's being a wealthy Russian plutocrat and not knowing if friend Putin still thinks as highly of me and not wanting my assets to be seized by Mother Russia. I fill a wallet with coins and walk across the border a mostly free man. You can do this with diamonds or gold (bulky, cumbersome), you can do this with wire transfers (paper trail) or now you can do this with bitcoins. bitcoins being untraceable and anonymous is a commonly spread idea, but the facts on this are a whole lot more interesting; it turns out that it's actually really easy to trace transactions on a public ledger, and the only way to keep your bitcoins completely anonymous is to never ever use them. At best it's pseudonymous, but in practice it's hard to maintain that state "instant" and "no fees" were as commonly ascribed to bitcoin as "anonymous" is now; eventually people realized the truth and stopped using those, and people will eventually do the same for the "anonymous" label
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Nov 29, 2017 06:47
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Is this the famous Bitcoin I hear about? Digital money? Doesn't look too impressive to me
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Nov 29, 2017 06:47
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bit coin can suck an egg
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Nov 29, 2017 06:47
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bit coin can suck an egg right out of its shell, god drat it
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Nov 29, 2017 06:48
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Coinbase poo poo itself. that's always a good sign
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Nov 29, 2017 07:00
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I wanna see a big crash.
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Nov 29, 2017 07:01
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QuarkJets posted:bitcoins being untraceable and anonymous is a commonly spread idea, but the facts on this are a whole lot more interesting; it turns out that it's actually really easy to trace transactions on a public ledger, and the only way to keep your bitcoins completely anonymous is to never ever use them. At best it's pseudonymous, but in practice it's hard to maintain that state They're "untraceable" in the sense that when your doing illegal poo poo with bitcoin, police aren't going to be hosed doing all the nerd poo poo required to track down where those coins came from. Also they'd rather go after the crooks with stacks of cash, and not the guys with a private key written down on a bit of paper and hidden up their rear end in a top hat.
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Nov 29, 2017 07:02
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Lol still waiting for this crash. [Hits 20k] Annnnnytime now
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Nov 29, 2017 07:04
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By end of 2017: $10K per coin By end of 2018: $100K per coin By end of 2019: Every investor becomes super duper rich and buys their own private island because virtual money can do no wrong
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Nov 29, 2017 07:53
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I am still offering early movers the unique opportunity to invest heavily into, my rear end.
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Nov 29, 2017 08:05
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Minimalist Program posted:I am still offering early movers the unique opportunity to invest heavily into, my rear end. I'd get in on the ground floor of this bubble. Literally, on the ground. On the floor.
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Nov 29, 2017 08:09
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wonder if the brits are daft enough to pump their failing poundcoins into ePogs
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Nov 29, 2017 08:24
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Minimalist Program posted:I am still offering early movers the unique opportunity to invest heavily into, my rear end. If I eat your rear end will the internal revenue service have something to say about it
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Nov 29, 2017 08:24
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Lawrence Gilchrist posted:If I eat your rear end will the internal revenue service have something to say about it You bet they will!
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Nov 29, 2017 08:26
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Nov 29, 2017 08:26
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Toys For rear end Bum posted:They're "untraceable" in the sense that when your doing illegal poo poo with bitcoin, police aren't going to be hosed doing all the nerd poo poo required to track down where those coins came from. Also they'd rather go after the crooks with stacks of cash, and not the guys with a private key written down on a bit of paper and hidden up their rear end in a top hat. You say that, but after busting up a bunch of darknet markets earlier this year the Dutch police posted an awesome troll page where they were like "here are the usernames that we are in the process of linking to individuals, here are the usernames that we have already linked, and here are the usernames that we have already arrested, give us a call if you want to clear anything up  " and when asked they basically said that it was really easy to trace darknet purchases directly to individuals via the blockchain. Although I'm sure in a number of cases the drug sellers were also keeping addresses (because of course they would do that)The police didn't even have to do much, there are several businesses that can already do this for you
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Nov 29, 2017 08:33
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Hmm so Newton entered your rear end a bit, then a lot, but his friends got rich in the meantime? Were you paying them? And how did Newton become broke upon exiting your rear end?
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Nov 29, 2017 08:34
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QuarkJets posted:Hmm so Newton entered your rear end a bit, then a lot, but his friends got rich in the meantime? Were you paying them? His first mistake was leaving my rear end in the first place, while his friend stayed in my rear end and reaped the rewards.
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Nov 29, 2017 08:41
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$11,260. Crazy.
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Nov 29, 2017 14:59
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I have changed my mind and spent all my money on bitcoin, because it will keep going up.
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Nov 29, 2017 15:34
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Minimalist Program posted:I have changed my mind and spent all my money on bitcoin, because it will keep going up. extremely jealous right now
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Nov 29, 2017 15:34
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Can I mine bitcoins free-hand by solving the math problem or w/e with pen and paper? I use pens because I never make a mistake
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Nov 29, 2017 15:37
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Nice and hot piss posted:Can I mine bitcoins free-hand by solving the math problem or w/e with pen and paper? Better be careful what kind of pen you use. If you leave smudges, it might cause a fork.
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Nov 29, 2017 16:10
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hey guys how's butterfly labs doing these days
H2SO4 fucked around with this message at 16:36 on Nov 29, 2017 |
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Nov 29, 2017 16:23
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looks like the top is in for now
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Nov 29, 2017 16:48
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