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anime was right posted:wait so the entire reason bitcoins value has skyrocketed is because of the sheer amount of physical energy it takes to generate new ones? increased demand by bourgeois Chinese as a means to convert money from yuan
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Dec 16, 2017 14:57
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tingent on your employer.
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Dec 16, 2017 15:18
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Bitcoin is like watching the history of finance in fast forward except with more libertarians, which makes it funnier when bubbles pop or exchanges run away with the money because the ones taking the losses are almost uniformly terrible people instead of well meaning workers.
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Dec 16, 2017 15:36
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Not a Step posted:Bitcoin is like watching the history of finance in fast forward except with more libertarians, which makes it funnier when bubbles pop or exchanges run away with the money because the ones taking the losses are almost uniformly terrible people instead of well meaning workers. When the bitcoin bubble pops the rest of the economy will follow.
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Dec 16, 2017 15:49
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i cannot think of bitcoins without a little retching because of the miner-dried strawberries. just as i cannot think of the real saydie doyle without getting angry that her bad takes somehow ruin my favorable impression of the paget brewster character. https://www.youtube.com/watch?v=m8tOiqrIAOQ
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Dec 16, 2017 16:03
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This is real lol https://twitter.com/verysmallanna/status/941870694274682880?s=17
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Dec 16, 2017 16:05
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Guy Goodbody posted:When the bitcoin bubble pops the rest of the economy will follow. That's more a canary in a coal mine situation than causal.
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Dec 16, 2017 16:10
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Inescapable Duck posted:That's more a canary in a coal mine situation than causal. When bitcoin crashes if that give anybody even the slightest pause about giving billions of dollars to internet nonsense that makes no money then the tech bubble will pop. and then all the other domino-bubbles, student loans, housing, will fall-pop
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Dec 16, 2017 16:14
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Not a Step posted:Bitcoin is like watching the history of finance in fast forward except with more libertarians, which makes it funnier when bubbles pop or exchanges run away with the money because the ones taking the losses are almost uniformly terrible people instead of well meaning workers. also bitcoin is somehow even more imaginary than real money which is already fairly imaginary, so it's less that they're taking losses and more that they're discovering the true value of their production(negative numbers)
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Dec 16, 2017 16:16
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Guy Goodbody posted:When bitcoin crashes if that give anybody even the slightest pause about giving billions of dollars to internet nonsense that makes no money then the tech bubble will pop. and then all the other domino-bubbles, student loans, housing, will fall-pop good
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Dec 16, 2017 16:40
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when i was a kid someone in my history class thought "let them eat cake" was a badass retort retold to convey the strength and resolve of the aristocracy at the time i thought they were a singular dumbass incapable of basic comprehension much less critique. little did i know they were just an early bloomer for the most competent, informed and strategic campaign of all time
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Dec 16, 2017 16:50
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when I first saw this a few days ago it had the text cropped out and I honestly had no idea who it was supposed to be until now
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Dec 16, 2017 16:54
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Needs a label that says "CANKLES"
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Dec 16, 2017 16:55
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SpaceGoku posted:when I first saw this a few days ago it had the text cropped out and I honestly had no idea who it was supposed to be until now It is not a good likeness It looks like an anime girl with a Hella Jeff mouth
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Dec 16, 2017 17:09
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Bitcoin is a microcosm of what's happening in the stock market: a bunch of wealth chasing nonexistent investment opportunities bidding up the price of existing assets
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Dec 16, 2017 17:09
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https://twitter.com/EmmaCaterine/status/941772694906949633
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Dec 16, 2017 17:10
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Lawman 0 posted:good the US dollar will probably fall, as foreign investors try to move their money out, but there isn't going to be a manufacturing increase to make up for it, or exploit it, because that takes time, and investment, which moneyed interests won't do, until american wage levels are at 3rd world level so everything is going to get more expensive, and ordinary people's money is going to contract along with cuts to civil services, because republicans
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Dec 16, 2017 17:14
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rudatron posted:it's absolutely not good, but it's also unavoidable. it doesn't matter whether or not you're employed directly in any on those industries, the drop in total spending and discretionary income will have shock waves over the rest of the economy good
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Dec 16, 2017 17:17
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right: if you want a vision of the future, imagine a boot stamping on a human face, forever liberals: but what if that boot...had a stiletto heel? 
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Dec 16, 2017 17:17
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punk rebel ecks posted:So Bitcoin is doing bad even though it's up 6000%? bitcoin's value compared to the dollar is basically meaningless the real measure of how it's doing as a currency is this: can you pay your rent with bitcoins? can you pay your taxes with bitcoins? can you buy food with bitcoins? if you have to sell it for dollars in order to buy anything, then it's not a currency, it's a commodity obsessing over how many dollars a Bitcoin costs is great fun, but it doesn't actually mean anything except to speculators, hoarders, and gamblers who think they're investors
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Dec 16, 2017 17:39
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Breakfast All Day posted:right: if you want a vision of the future, imagine a boot stamping on a human face, forever
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Dec 16, 2017 17:42
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SpaceGoku posted:when I first saw this a few days ago it had the text cropped out and I honestly had no idea who it was supposed to be until now I thought it was Chelsea.
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Dec 16, 2017 18:01
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melting the polar ice caps for digital beanie babies
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Dec 16, 2017 18:01
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My new huck.str app will help connect everyday people to local snakeoil sellers, with options to sort by price and whether the snake oil used is fair trade, free range, or new snek oil vegan blend. invest today
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Dec 16, 2017 19:03
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etalian posted:The Silk Road story was funny how the techie dork bragged how FBI agents were too dumb to catch him. He was correct, but he made a mistake, and the problem is it only takes loving up once. ate shit on live tv has issued a correction as of 19:14 on Dec 16, 2017 |
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Dec 16, 2017 19:10
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I still don't know how you can make money from Bitcoins. Do you just transfer your coins to someone and then have them wire you money?
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Dec 16, 2017 19:35
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punk rebel ecks posted:I still don't know how you can make money from Bitcoins. Do you just transfer your coins to someone and then have them wire you money? that’s the theory the reality is you don’t
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Dec 16, 2017 19:38
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ThndrShk2k posted:That sounds weird and gimmicky. Thats Bitcoin for ya!
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Dec 16, 2017 19:45
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ThndrShk2k posted:Transaction fees are pretty reasonable for how much in BTC it requires and all those fees go to keeping the network up. (pays miners, especially when there are 0 new coins). Reasonable transaction fees, lol, would Visa ever get big if you had to pay them 10 bucks every time you used a card, and then had to wait a day for your payment details to get verified?
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Dec 16, 2017 19:46
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steinrokkan posted:Imagine a monetary system where every time you pay for something, a fraction of the transaction gets removed from the money supply forever. That sounds insanely good and cool, imho. the transaction fee doesnt get removed, it gets sucked up by the computer that solved the verification problem (ie the miners) etalian posted:The Silk Road story was funny how the techie dork bragged how FBI agents were too dumb to catch him. the funniest part waa when an fbi agent stole a bunch of the seized bitcoins
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Dec 16, 2017 19:47
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Condiv posted:that’s the theory Why don't I?
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Dec 16, 2017 19:48
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punk rebel ecks posted:I still don't know how you can make money from Bitcoins. Do you just transfer your coins to someone and then have them wire you money? The reality is you keep sitting on you Bitcoins while the small number of people performing regular transactions is forced to increase the cost of Bitcoin because the market is deflated with chucklefucks like you waiting for an opportunity to cash out.
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Dec 16, 2017 19:48
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Shear Modulus posted:the transaction fee doesnt get removed, it gets sucked up by the computer that solved the verification problem (ie the miners) Yeah, and if the miners kept up liquidity of the transaction fees, the cost of the Bitcoin commodity wouldn't be so unstable. Right now miners, afaik, are driving bitcoin to a point of breaking with greed.
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Dec 16, 2017 19:49
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https://twitter.com/sankofabrown/status/941868006744969221
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Dec 16, 2017 19:53
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Matt Zerella posted:melting the polar ice caps for digital beanie babies to trigger the libs punk rebel ecks posted:I still don't know how you can make money from Bitcoins. Do you just transfer your coins to someone and then have them wire you money? what you do is you transfer your bitcoins to an account at a site called coinbase which is owned by a bunch of VC companies and banks and then you can do a dollars-for-bits transaction with another user yes to be able to use your decentralized libertopian currency you basically have to submit to a central site and hand your information over to the government because lol
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Dec 16, 2017 19:58
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https://twitter.com/DSADems/status/942048845671870464
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Dec 16, 2017 19:58
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ate poo poo on live tv posted:He was correct, but he made a mistake, and the problem is it only takes loving up once. He hosed up significantly more than just once. Shear Modulus posted:the funniest part waa when an fbi agent stole a bunch of the seized bitcoins How can you even choose which moment is the funniest? steinrokkan posted:Reasonable transaction fees, lol, would Visa ever get big if you had to pay them 10 bucks every time you used a card, and then had to wait a day for your payment details to get verified? And then you get robbed.
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Dec 16, 2017 20:01
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i dont get how you can be a rich powerful internet drug lord and not realize that you should probably leave the country
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Dec 16, 2017 20:04
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Shear Modulus posted:i dont get how you can be a rich powerful internet drug lord and not realize that you should probably leave the country 
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Dec 16, 2017 20:06
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Shear Modulus posted:i dont get how you can be a rich powerful internet drug lord and not realize that you should probably leave the country And also, you know, maybe not write down literal accounts of the various crimes you commit in exacting detail.
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Dec 16, 2017 20:06
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