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scott zoloft posted:concragulations to everyone who made it out of that turmoil alive
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Dec 23, 2017 06:05
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Uranium 235 posted:i'm up 10% today on my insulin intake
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Dec 23, 2017 06:08
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Uncle Wemus posted:What's hodl hanging on for dear life
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Dec 23, 2017 06:21
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ruddiger posted:I have a coworker who won't shut the gently caress up about bitcoin and keeps referring to some shithole African town where a bunch of workers are paid in bitcoin and I'm just like okay buddy, good luck with all that. I hear that portions of Africa uses some kind of currency they can trade on their phones, and it doesn't involve crypto or blockchains. It's kind of tradeable cellphone minutes. It also doesn't cost $40 per transaction, or take hours to complete.
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Dec 23, 2017 06:24
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XK posted:I hear that portions of Africa uses some kind of currency they can trade on their phones, and it doesn't involve crypto or blockchains. It's kind of tradeable cellphone minutes. It also doesn't cost $40 per transaction, or take hours to complete. https://www.economist.com/news/special-report/21696790-much-hangs-mobile-money-move
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Dec 23, 2017 06:32
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Welcome to the bull trap
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Dec 23, 2017 06:34
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Yeah, is there any bitcoin investor who isn't speculative? As just pointed out, it is unstable, has no dividend or interest payout, and has no practical use value. The bar example is hilarious. Why the gently caress would any rational retailer want the hassle of doing bitcoin returns?
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Dec 23, 2017 06:35
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Grand Theft Autobot posted:Yeah, is there any bitcoin investor who isn't speculative? As just pointed out, it is unstable, has no dividend or interest payout, and has no practical use value.
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Dec 23, 2017 06:41
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Gobbeldygook posted:Yes, mobile banking is huge in Africa. This guy who is proud of reducing his kerosene bill by $1 a day needs to get on the bitcoin blockchain. If he can't handle the $40 transactions, that's his fault.
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Dec 23, 2017 06:53
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lmao I cashed out 0.5 at $16,500 and now it's crashing, I'm so happy right now. And then in 1 year when it hits $200,000 I will kill myself
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Dec 23, 2017 06:55
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salt shakeup posted:I've heard you can't do this anymore due to price volatility, transaction backlog, super high fees and apparently people are just straight up ripping each other off due to the crazy price increase. Also, a distributed public ledger makes it surprisingly easy to see everyone's purchase history
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Dec 23, 2017 07:02
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Mumpy Puffinz posted:when I was just 21 I went to Las Vegas. Put $20 dollars into a slot machine and won $648. heh look at this guy not investing all of that money into further slot machine investments, he's going to be crying when everyone coming in after hit hits the MEGABUCKS JACKPOT noslot loser!!!
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Dec 23, 2017 07:03
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Coohoolin posted:Is there a super layman's primer on how bitcoin scams the gently caress out of people and will never ever work? I need to educate some people and I can't explain the concepts well enough. what about the technical aspects? visa does 1,667 transactions per second, bitcoin does 3. what about just gambling on their price? https://www.cnbc.com/2017/12/22/coi...price-rout.html
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Dec 23, 2017 07:06
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smoobles posted:lmao I cashed out 0.5 at $16,500 and now it's crashing, I'm so happy right now. And then in 1 year when it hits $200,000 I will kill myself just buy more and sub 16,500 and you'll thank me when it goes to 200k or kill yourself at 0, who knows, it's just like gambling except instead of being subject to the whims of probability you're subject to the whims of people and their bot algorithms.
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Dec 23, 2017 07:10
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Grand Theft Autobot posted:The bar example is hilarious. Why the gently caress would any rational retailer want the hassle of doing bitcoin returns? they made $50 off two drinks I'd say that's p. worthwhile businesswise
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Dec 23, 2017 07:19
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HCFJ posted:they made $50 off two drinks I'd say that's p. worthwhile businesswise then the price crashed and they went to panic sell back into fiat and ended up trying to get $37.50 in fiat but the fees were $45 the most worthwhile of business
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Dec 23, 2017 07:20
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smoobles posted:lmao I cashed out 0.5 at $16,500 and now it's crashing, I'm so happy right now. And then in 1 year when it hits $200,000 I will kill myself Don’t worry just put 10,000 of those into other altcoin projects that will BLOW UP by 10,0000000% very SOON! Just to name a few of my favorite upcoming cryptos, you need to buy : SiaCoin(yes like the singer), BUM, GayCoin, PotCoin, FuckCoin, SexCoin, GoatseCoin, Clams, and BitBeans (which I’m sure will synergize with GasCoin 💨) These are all real coin names
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Dec 23, 2017 07:21
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Comfy Fleece Sweater posted:Don’t worry just put 10,000 of those into other altcoin projects that will BLOW UP by 10,0000000% very SOON! You don't have FUDcoin in your portfolio? You need to talk to the portfolio manager I found on twitter with the cutest frog picture.
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Dec 23, 2017 07:22
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Grand Theft Autobot posted:Yeah, is there any bitcoin investor who isn't speculative? As just pointed out, it is unstable, has no dividend or interest payout, and has no practical use value. bitcoin has negative value
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Dec 23, 2017 07:27
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How are my CosbyCoins doing?
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Dec 23, 2017 07:38
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kdrudy posted:How are my CosbyCoins doing? Hard forked while you were sleeping.
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Dec 23, 2017 07:42
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From today's Financial Times (UK):"Financial Times" posted:
"Financial Times" posted:
If the finance industry's known for one thing, it's a certain eagerness to make money. The fact that professional investors aren't touching this with a bargepole speaks volumes.
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Dec 23, 2017 08:02
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https://news.bitcoin.com/a-new-line-of-sex-toys-lets-you-get-off-with-the-price-of-bitcoin/ Like getting hosed in the rear end by bitcoin? Well now you can.
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Dec 23, 2017 09:02
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To add a little more excitement to following the charts, a porn firm called, Camsoda, offers an interactive sex toy that reacts with the price changes of ethereum, litecoin, and bitcoin. Now individuals can literally have sex with bitcoin’s price fluctuations. lol brave new world
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Dec 23, 2017 09:46
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Salt Fish posted:You can buy drugs with it on the internet. You can use it to pay a ransom when all your important files are encrypted - it's so good the ransomware market didn't exist before bitcoin! If (and that's a big IF) this doesn't completely crash before the exchanges are regulated the only way a ransomware crim is going to be able to sell their coins is a back alley trade, and when the putz who buys them transfers them to an exchange surely that would be considered stolen goods?
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Dec 23, 2017 10:46
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Powershift posted:Hard forked while you were sleeping. 
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Dec 23, 2017 10:49
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Jombo posted:You can use it to pay a ransom when all your important files are encrypted - it's so good the ransomware market didn't exist before bitcoin! aaaaactually false! Ransomware as we know it (encrypt your poo poo, require money to decrypt) has existed since the 1990s. They used whatever means was available to get money, down to making an international phone call to a premium rate line, or buying a particular item off a particular website under their control. The first to use bitcoin was CryptoLocker, but even that had other options. It went really big only in 2015, when there was a malware kit offering it. (trust me, I actually researched this foolishness) So this is one we can't actiually blame bitcoin for.
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Dec 23, 2017 10:51
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divabot posted:aaaaactually false! Ransomware as we know it (encrypt your poo poo, require money to decrypt) has existed since the 1990s. They used whatever means was available to get money, down to making an international phone call to a premium rate line, or buying a particular item off a particular website under their control. The first to use bitcoin was CryptoLocker, but even that had other options. It went really big only in 2015, when there was a malware kit offering it. huh being in computer science I knew about the premium phone line ones, but they were pretty rare and relatively easy to shut down. I thought the recent rise was due to bitcoin
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Dec 23, 2017 11:03
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XK posted:I have left over money in e-gold somewhere from buying weed over the internet before bitcoin was ever a twinkle in anyone's eye, if it makes you feel any better.
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Dec 23, 2017 11:57
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Jombo posted:huh being in computer science I knew about the premium phone line ones, but they were pretty rare and relatively easy to shut down. I thought the recent rise was due to bitcoin e: oops helps to finish the idea. The whole blockchain poo poo makes it relatively easy to confirm such a thing and it also helps support the cash price of bitcoin! I wonder how many customers of those exchanges have bought bitcoin solely and entirely to pay ransoms. Nessus fucked around with this message at 12:13 on Dec 23, 2017 |
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Dec 23, 2017 12:02
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Nessus posted:I believe Bitcoin is relatively well suited to ransomware.
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Dec 23, 2017 12:28
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It's all under control now. Guys. I submitted a report and now Coinbase has a scammer tag on all their forum accounts.
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Dec 23, 2017 12:40
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Dave Concepcion posted:To add a little more excitement to following the charts, a porn firm called, Camsoda, offers an interactive sex toy that reacts with the price changes of ethereum, litecoin, and bitcoin. Now individuals can literally have sex with bitcoin’s price fluctuations. Black Mirror writer, 2011: Really loving Karl? That is the dumbest loving thing I've heard in my life.
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Dec 23, 2017 12:41
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You know, I wanted to suggest updating the price in the thread title, but I guess we can just wait a week or two for it to become relevant again instead.
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Dec 23, 2017 12:56
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insulated staircase posted:i prefer currencies backed by violence Unironically this. No really, the whole monetary system is backed by implicit violence, but also, and this is the key, that’s why people follow the rules.
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Dec 23, 2017 16:56
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Please update this to include the uptick on the end. It's following the line so perfectly
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Dec 23, 2017 20:25
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a hot gujju bhabhi posted:Please update this to include the uptick on the end. It's following the line so perfectly
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Dec 23, 2017 21:42
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Nessus posted:The real question is if it'll bring us joy in the New Year or if the coins will release their stored comedy energy now We already got the Christmas Miracle of the big price plummet and the tears that followed, I'm not holding out hope for an even bigger plummet accompanied by the suicide hotline getting posted to all of the subreddits
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Dec 23, 2017 22:35
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QuarkJets posted:We already got the Christmas Miracle of the big price plummet and the tears that followed, I'm not holding out hope for an even bigger plummet accompanied by the suicide hotline getting posted to all of the subreddits
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Dec 23, 2017 22:47
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I stand by my assumption that when the bubble actually bursts its not going to follow that graph at all. It'll be a total free fall over one day with no warning. That graph could be applied a few times to this thing and the speculation just keeps bringing it back up. Maybe a country will decide it's undermining it's own currency and declare it treasonous. That should do it.
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Dec 23, 2017 23:45
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