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"thermal demanufacturing" is the best way of saying "we burn stuff until its gone" that i've ever heard
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Dec 8, 2017 02:17
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Comfy Fleece Sweater posted:What about Western Union type bank transfers? These motherfuckers have ridiculous abusive fees and since there’s no competition, they charge what they want. The problem is security. My biggest frustration eyeballing /r/bitcoin is the assumption that only dumb people and inept companies get hacked. In network security it's accepted as a fact that an advanced persistent threat will eventually breach your network given enough time. Nearly every financial institution has already been breached for relatively low value data. If you could steal the contents of their bank accounts by hacking them it would be open season. The point is that no company would ever take on the risk of acting as the exchange to convert crypto into local currency, and there's no liquidity in p2p transfers. There's a reason Western Union keeps their cash in banks at night.
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Dec 8, 2017 02:36
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Why are all these basement dwellers without huge sums of money hand wringing about inflation. They likely have massive sums of debt and would benefit from modest inflation
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Dec 8, 2017 02:36
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American banks obviously do need some disruption since they can't loving do same day transfers like other civilized countries Thanks for not upgrading your 70s mainframes, rear end holes
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Dec 8, 2017 02:47
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I bought JPY 1mio of ETH back in June. Sold it all to buy BTC (at a loss) on Nov 1. Since then BTC is obviously up, a lot. Took back my JPY 1mio just last night. I'm thinking to sell the rest when I'm at 500% gain, why not?
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Dec 8, 2017 02:56
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LinYutang posted:American banks obviously do need some disruption since they can't loving do same day transfers like other civilized countries Yeah it’s ridiculous Amazon Pay and Apple Cash might eat their lunch if they’re not careful.
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Dec 8, 2017 02:56
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Has Sandwiches bought any God drat coins already? Or is he still a spineless liar?
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Dec 8, 2017 02:57
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Goodpancakes posted:Why are all these basement dwellers without huge sums of money hand wringing about inflation. They likely have massive sums of debt and would benefit from modest inflation
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Dec 8, 2017 02:58
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a hot gujju bhabhi posted:Is the size of that queue normal, or has something happened? seriously whats going on here: https://blockchain.info/unconfirmed-transactions
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Dec 8, 2017 03:03
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buy iota
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Dec 8, 2017 03:11
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Comfy Fleece Sweater posted:Yeah it’s ridiculous I don't know this space at all, but I've collected $6k for shirt orders for my running club this year mostly using venmo with no fees at all.
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Dec 8, 2017 03:12
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a hot gujju bhabhi posted:seriously whats going on here: https://blockchain.info/unconfirmed-transactions too many "people" are using bitscoin and it's clogged 
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Dec 8, 2017 03:13
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It's been a long long time since I've really looked into Bitcoin or read about it but a ton of people are bringing it up in real life today so I have some questions. I seem to recall something about how some bitcoin file somewhere had to contain every transaction that's ever happened or something? Has that been taken care of? If not, is it still that big? Also, with the prices this high what's the smallest increment of bitcoin someone can give someone else? Lastly, I remember back in the days of Magic The Gathering Online Exchange being the place to get bitcoins whenever it went up people were having trouble actually getting their money out of bitcoins. Is it relatively easy to actually withdraw now or are we gonna see a ton of people trying to do it and unable to soon?
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Dec 8, 2017 03:45
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Superrodan posted:It's been a long long time since I've really looked into Bitcoin or read about it but a ton of people are bringing it up in real life today so I have some questions. I don't know, but I think probably not. There would be at least some monster files, if perhaps not literally every single computer's file. Technically still a tiny tiny piece. In practice, lol. And finally... What does your heart tell you?
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Dec 8, 2017 03:48
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Superrodan posted:I seem to recall something about how some bitcoin file somewhere had to contain every transaction that's ever happened or something? Superrodan posted:Has that been taken care of? Superrodan posted:If not, is it still that big?
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Dec 8, 2017 03:55
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Dec 8, 2017 04:17
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With a name like that I'd hate society too
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Dec 8, 2017 04:27
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Nice username/post combo
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Dec 8, 2017 04:33
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LinYutang posted:American banks obviously do need some disruption since they can't loving do same day transfers like other civilized countries Bro do we have a bet or not? QuarkJets posted:
lol if you think that bitcoin is "disrupting" actual banks
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Dec 8, 2017 04:42
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Lmao I've got $8k worth of BTC (I put $300 in four years ago) locked up in coinbase and I can't log in to sell it because the ID servers aren't working, gently caress me
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Dec 8, 2017 04:44
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smoobles posted:Lmao I've got $8k worth of BTC (I put $300 in four years ago) locked up in coinbase and I can't log in to sell it because the ID servers aren't working, gently caress me
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Dec 8, 2017 04:45
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That's the thug life I signed up for when I put $300 into bitcoin
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Dec 8, 2017 04:46
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sorry for your loss
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Dec 8, 2017 04:49
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smoobles posted:That's the thug life I signed up for when I put $300 into bitcoin
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Dec 8, 2017 04:50
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a hot gujju bhabhi posted:seriously whats going on here: https://blockchain.info/unconfirmed-transactions Hey don't worry, just attach a fee to your transaction to get it thru: https://estimatefee.com/ Currently $17 to get it done in an hour.
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Dec 8, 2017 04:53
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Nessus posted:I hope you at least bought some dope That was the original purpose of the $300 but the Silk Road bust happened like right after and I got scared
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Dec 8, 2017 04:57
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Nessus posted:You will almost certainly never get that back, there will be "problems" for a while and then there will be some horrible misfortune like a server wipe or a hack and you will have lost most or all of that money. If you take a moment to understand the grave risks of losing a known risky volatile financial investment and store your key offline, it's considerably secure unless you're a dumbass. put your orders in via GDAX (if they let you verify your account) and understand the risk involved with third parties holding your assets. place your market order ahead of time, accepting your risk. breath and remember this is some nerd poo poo and of course it's beanies but lol if you're salty that other people are willing to take risks
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Dec 8, 2017 04:59
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Computer Serf posted:If you take a moment to understand the grave risks of losing a known risky volatile financial investment and store your key offline, it's considerably secure unless you're a dumbass. smoobles posted:Lmao I've got $8k worth of BTC (I put $300 in four years ago) locked up in coinbase and I can't log in to sell it because the ID servers aren't working, gently caress me
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Dec 8, 2017 05:01
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Goodpancakes posted:Why are all these basement dwellers without huge sums of money hand wringing about inflation. They likely have massive sums of debt and would benefit from modest inflation Federal student loans.
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Dec 8, 2017 05:01
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1st_Panzer_Div. posted:Federal student loans.
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Dec 8, 2017 05:03
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I also haven’t been paying attention since the magic the gathering exchange days Has anyone said buttcoin yet??
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Dec 8, 2017 05:06
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smoobles posted:That was the original purpose of the $300 but the Silk Road bust happened like right after and I got scared tbh I'm baffled that neither silk road nor liberty reserve led to the regulatory smothering of bitscoin like did the regulators receive fat btc bribes or what
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Dec 8, 2017 05:06
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it turns out that an open source public ledger is actually really useful for catching drug dealers who think that a public ledger somehow protects their anonymity
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Dec 8, 2017 05:11
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Good Citizen posted:I also haven’t been paying attention since the magic the gathering exchange days
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Dec 8, 2017 05:15
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Ham Sandwiches posted:You know what, let me take this moment to pull together the poo poo I'm talking about. Best meltdown yet. Comfy Fleece Sweater posted:What about Western Union type bank transfers? These motherfuckers have ridiculous abusive fees and since there’s no competition, they charge what they want. Oh, the good old days: 
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Dec 8, 2017 05:22
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Computer Serf posted:If you take a moment to understand the grave risks of losing a known risky volatile financial investment and store your key offline, it's considerably secure unless you're a dumbass. if thats all it was i wouldn't care. unfortunately they feel the need to also try to con other people into buying into it by massively downplaying the risk (or just not understanding the risk in the first place)
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Dec 8, 2017 05:39
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vortmax posted:Best meltdown yet. lol aren't processing fees like 20 bucks now
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Dec 8, 2017 05:44
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deadwing posted:lol aren't processing fees like 20 bucks now depends on the website but yes. bitcoins are down 2k in the last hour btw edit: 2.5k
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Dec 8, 2017 06:27
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HCFJ posted:depends on the website but yes. bitcoins are down 2k in the last hour btw its a store of value
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Dec 8, 2017 06:40
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Nessus posted:Are they inflation indexed in some way? One of mine is, not sure whats normal though. Inflation is scary in combo with current govt poo poo though, it should help but it might condense wealth real quick. Either way bitcoins are the best.
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Dec 8, 2017 07:23
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