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abigserve posted:could you provide even just one reason, in plain English, why you dispute this To add to this, I don't think there's a single use for bitcoin other than the illicit black market that isn't better accomplished by our current financial system. Most of the black market is completely priced out of bitcoin and Ethereum now so I wonder if they're even useful for that. And if the price of bitcoin only reflected it's usefulness to the black market we'd be back to miners running on GPUs in peoples' basements.
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Dec 7, 2017 23:31
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So if bitcoins can be tossed in a dumpster on a hard drive and the hard limit is 21 million of them, do they become like those super rare magic cards? like some guy can buy some, put them on his hard drive then smash it to try and piss off nerds/ drive up the price?
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Dec 7, 2017 23:35
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QuarkJets posted:You don't seem to understand that time is an infinite continuum, not a point Coward Put your money where your years of Buttcoin posts are and short the Definite Ponzi Scam known as bitcoin
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Dec 7, 2017 23:36
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Ham Sandwiches posted:You're asking me that I provide a list of every single person that posted "How many bitcoins do you own" and "You have all your assets in Bitcoins, right?" to be able to refer to that set of exchanges? No, I'm asking you to identify which poster involved in the current conversation has done so, which seems reasonable given that you have spent the last 3 pages using this hypothetical poster as the cornerstone of your argument. Ham Sandwiches posted:Do you think that the posters asking me to prove I'm fully leveraged on bitcoins given my stance that they are not a scam were at all being sincere or they were just posting dumb stuff (trolling, as you said, forum poster Baronash)
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Dec 7, 2017 23:38
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WAR DOGS OF SOCHI posted:my favorite part of this entire thread has been Ham Sandwiches totally not getting owned over and over by he own posts
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Dec 7, 2017 23:38
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Ham Sandwiches posted:I do understand the different risk factors, and genuinely get why someone would be skeptical of bitcoins and not short them. But then you make posts like this one: Ham Sandwiches posted:Well the guy that felt man enough to be like "YOU BETTER BUY ALL THE BITCOINS IF YOU THINK THEY'RE NOT A SCAM" suddenly feels very differently about he idea of bitcoin naysayers shorting them leading everyone to believe that you don't see the difference between a short and long position, because here you're treating them as though they're basically the same. So do you actually understand the difference and make dumbshit posts where you pretend that you don't or are you actually just a dumbshit?
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Dec 7, 2017 23:38
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abigserve posted:could you provide even just one reason, in plain English, why you dispute this They're a new form of digital currency with different characteristics that allows them to be used in different ways than fiat money. People focus on these differences and only highlight the drawbacks compared to fiat money. I think it's cool to see alternatives to paper money that is issued and managed by governments and while it's still early days and all the bumps of cryptos are pretty obvious, my take is they'll turn out pretty useful long term.
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Dec 7, 2017 23:39
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poo poo is at 16k now, when is the crash? I need to make popcorn in time.
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Dec 7, 2017 23:39
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Ham Sandwiches posted:They're a new form of digital currency with different characteristics that allows them to be used in different ways than fiat money. People focus on these differences and only highlight the drawbacks compared to fiat money. I think it's cool to see alternatives to paper money that is issued and managed by governments and while it's still early days and all the bumps of cryptos are pretty obvious, my take is they'll turn out pretty useful long term. that's the thing though almost all of the discussion has been about why bitcoin is bad, not cryptos in general
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Dec 7, 2017 23:40
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LinYutang posted:Coward If you're willing to just bet on the outcome then I'll take you up on this. Let's say that my position is that 1 bitcoin by the end of December 31 2019 will definitely have a price lower than bitcoin's all-time high price, loser pays the difference to the winner up to a maximum loss of $1k. Do you agree to these terms?
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Dec 7, 2017 23:42
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https://twitter.com/adrjeffries/status/938824429299257351 well that's one way to make number keep go up
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Dec 7, 2017 23:43
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divabot posted:https://twitter.com/adrjeffries/status/938824429299257351 This is a good investment opportunity.
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Dec 7, 2017 23:46
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Guys just short bitcoin if you don't believe in it Nevermind that the exchanges are known to actively gently caress with their own price to close leveraged positions
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Dec 7, 2017 23:48
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Ham Sandwiches posted:They're a new form of digital currency with different characteristics that allows them to be used in different ways than fiat money. People focus on these differences and only highlight the drawbacks compared to fiat money. I think it's cool to see alternatives to paper money that is issued and managed by governments and while it's still early days and all the bumps of cryptos are pretty obvious, my take is they'll turn out pretty useful long term. That's not a reason you think they will retain value or what they will even be used for. Why do you think they will be useful long term? Why do the characteristics of bitcoin, or any crypto currency, infer an advantage over traditional currency?
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Dec 7, 2017 23:48
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I literally quoted the times where you didn't respond to my points in any meaningful way whatsoever and now you're claiming I refused to substantiate my claims, so I'm not sure if you want me to kick your door in and wave a printed out copy of your god drat retard posts in your loving face
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Dec 7, 2017 23:48
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BTC tips for gbs partisan posts. Alms, alms for the poor
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Dec 7, 2017 23:53
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ilmucche posted:So if bitcoins can be tossed in a dumpster on a hard drive and the hard limit is 21 million of them, do they become like those super rare magic cards? like some guy can buy some, put them on his hard drive then smash it to try and piss off nerds/ drive up the price? i've wondered about this too. like, a certain amount of bitcoins just get lost every day either due to harddrive crash, or forgetting your wallet password or whatever. how many of the 16 million buttcoins currently in circulation are actually accessible at this point?
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Dec 7, 2017 23:55
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WAR DOGS OF SOCHI posted:i've wondered about this too. like, a certain amount of bitcoins just get lost every day either due to harddrive crash, or forgetting your wallet password or whatever. r how many of the 16 million buttcoins currently in circulation are actually accessible at this point? It's estimated that up to 25% are lost forever.
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Dec 7, 2017 23:57
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How did they transfer the tulips out of Nicehash when the unconfirmed transactions keep going up? https://blockchain.info/unconfirmed-transactions
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Dec 8, 2017 00:09
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Ham Sandwiches posted:They're a new form of digital currency with different characteristics that allows them to be used in different ways than fiat money. The only difference is that cryptos can (in theory) operate in an environment without trust. There are 2 problems with that: 1. How many times a year do you find yourself in this type of situation? 2. Buying, selling, or trading coins all require you to put trust in a 3rd party anyway. I've seen the stated use cases put forth by cryptos like Ethereum and Iota. In most cases, they are using convoluted methods (smart contracts, oracles, proof of work, tangles) to solve problems that can be handled better by using a trusted third party, and availing yourself of the legal system of your country if something goes wrong.
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Dec 8, 2017 00:30
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amotea posted:How did they transfer the tulips out of Nicehash when the unconfirmed transactions keep going up? The size of the fee that you offer to pay helps to determine the likelihood of your transaction getting confirmed. You're bribing the miners to give your transaction priority, basically. A thief looking to move a lot of bitcoins very quickly can just offer a very high transaction fee to ensure that the transfer occurs as soon as possible
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Dec 8, 2017 00:31
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I think a good approach is Occam's razor. There are 1334 cryptocurrencies on https://coinmarketcap.com... Are they all scams or unknowingly building something worthless? Many of them have websites with pictures of the people who are part of the organization/company... Are these all fake or are in on the scam? Many of them are on github and have the source code/usage examples/templates/api docs posted there or on on the website... Are these all fake or useless? I'm sure some of these are scams but I have a hard time believing it's all a big facade or grand conspiracy.
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Dec 8, 2017 01:12
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wide stance posted:I think a good approach is Occam's razor. I wonder what the 1337th coin will be.
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Dec 8, 2017 01:13
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wide stance posted:I think a good approach is Occam's razor. I also have a number of projects on github - how much are you willing to value them at? Eta: thinking about it, creating a website for my altcoin sounds exactly like something 15 year old me would do Andy Dufresne fucked around with this message at 01:21 on Dec 8, 2017 |
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Dec 8, 2017 01:15
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EorayMel posted:I wonder what the 1337th coin will be. H4x0rCoin It’s the cryptocoin graveyard. For every one coin permanently lost in another currency, one is added to the market.
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Dec 8, 2017 01:20
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wide stance posted:I think a good approach is Occam's razor. millions of people smoke cigarettes, they can't all be dinks!
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Dec 8, 2017 01:23
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wide stance posted:I think a good approach is Occam's razor. lol
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Dec 8, 2017 01:25
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wide stance posted:I think a good approach is Occam's razor. like, loving what. You apply Occam's Razor here pretending you have literally nothing else to go on but your cherrypicked evidence. Your argument is literally "but with all this utter horseshit, there's gotta be a pony in here!!"
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Dec 8, 2017 01:25
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wide stance posted:I think a good approach is Occam's razor. I don't think they're all scams. Some are proof-of-concept, others are legit attempts. In any case, I personally find the blockchain concept an interesting one that can possibly be applied to several different aspects of our lives. At the end of the day, I think the primary appeal of cryptocurrencies is that they're unregulated, but that deregulation is exactly the reason why they'll never be a stable replacement for legit currency. And it's exactly why I'd personally never invest in any of them. Buyer beware and all that.
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Dec 8, 2017 01:29
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I think a good approach is Occam's razor. There are 772,000 results for "healing crystals" on google... Are they all scams or unknowingly selling something worthless? Many of them have websites with pictures of the people who are part of the organization/company... Are these all fake or are in on the scam? Many of them are on amazon and have the actual crystals posted there or on on the website... Are these all fake or useless? I'm sure some of these are scams but I have a hard time believing it's all a big facade or grand conspiracy.
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Dec 8, 2017 01:32
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OccamCoin
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Dec 8, 2017 01:43
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Nerds spent the electrical output of Ireland making a currency that's orders of magnitude worse at being a currency than the currencies we already have. I'm already dreading the shame I will feel trying to explain this to future generations.
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Dec 8, 2017 01:45
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Has anyone said starting now yet?
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Dec 8, 2017 01:49
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Andy Dufresne posted:To add to this, I don't think there's a single use for bitcoin other than the illicit black market that isn't better accomplished by our current financial system. Most of the black market is completely priced out of bitcoin and Ethereum now so I wonder if they're even useful for that. What about Western Union type bank transfers? These motherfuckers have ridiculous abusive fees and since there’s no competition, they charge what they want.
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Dec 8, 2017 01:56
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how do I make bitcoins.
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Dec 8, 2017 01:57
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Ham Sandwiches posted:The fact that cryptocurrencies have issues and challenges to address isn't something I disagree with. There's no shortage of posters pointing those out, I'd say it's well covered. What’s his name? lol The name of the cryptocurrency you just spent a chunk of change on, i mean
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Dec 8, 2017 02:05
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Only good coin is goatse.cx coin
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Dec 8, 2017 02:05
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amotea posted:How did they transfer the tulips out of Nicehash when the unconfirmed transactions keep going up? Is the size of that queue normal, or has something happened?
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Dec 8, 2017 02:11
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Supreme Allah posted:how do I make bitcoins. When a man and  love each other very much...
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Dec 8, 2017 02:13
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Supreme Allah posted:how do I make bitcoins. God bless American ingenuity 
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Dec 8, 2017 02:15
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