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Soylent Pudding
Jun 22, 2007

We've got people!


TheGreasyStrangler posted:

I actively root for tehnolibertarians to lose all their money

Especially when they spent the entire time being smug about their randian ubermench vision for e-pogs.

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Nostalgia4Infinity
Feb 27, 2007

10,000 YEARS WASN'T ENOUGH LURKING
Bitcoin’s failure is required for the implementation of fully automated luxury gay space communism.

Also people learning the hard why financial regulators are important is never a bad thing.

Vincent Van Goatse
Nov 8, 2006

Enjoy every sandwich.

Smellrose

Nostalgia4Infinity posted:

Also people learning the hard why financial regulators are important is never a bad thing.

Same and also Soylent and the FDA.

Nostalgia4Infinity
Feb 27, 2007

10,000 YEARS WASN'T ENOUGH LURKING

Vincent Van Goatse posted:

Same and also Soylent and the FDA.

Yeah some of my staff tried Soylent earlier this year. It did not go the way they thought it would.

Godholio
Aug 28, 2002

Does a bear split in the woods near Zheleznogorsk?

TheGreasyStrangler posted:

I actively root for tehnolibertarians to lose all their money

Yeah, this. Also child porn sellers.

Poppyseed Poundcake
Feb 23, 2007

ManMythLegend posted:

I want crypto to fail because it literally has zero legitimate uses.

You can buy weed with it

ManMythLegend posted:

black market for weapons to include components of WMD's

Found GW Bush's alt

Wasabi the J
Jan 23, 2008

MOM WAS RIGHT

Godholio posted:

Yeah, this. Also child porn sellers.

You're repeating freep-peating yourself.

Loving Africa Chaps
Dec 3, 2007


We had not left it yet, but when I would wake in the night, I would lie, listening, homesick for it already.

Poppyseed Poundcake posted:

You can buy weed with it

You can't, fees are like $40 per transaction

bird food bathtub
Aug 9, 2003

College Slice

Nostalgia4Infinity posted:

Bitcoin’s failure is required for the implementation of fully automated luxury gay space communism.

Also people learning the hard why financial regulators are important is never a bad thing.

Look at Mr. Optimism over here.

Buttcoiners will never learn. No matter how hard, how fast, and how deep they get dicked over by their own dumb poo poo it will always be "BIG GUBBERMENT" that caused the problems.

Poppyseed Poundcake
Feb 23, 2007

Loving Africa Chaps posted:

You can't, fees are like $40 per transaction

Yeah with bitcoin, I'm assuming most people use eth for that kind of stuff now. It's not like the dark web closed up shop. Been a good while since i've looked at it.

Vincent Van Goatse
Nov 8, 2006

Enjoy every sandwich.

Smellrose

Nostalgia4Infinity posted:

Yeah some of my staff tried Soylent earlier this year. It did not go the way they thought it would.

Have you listened to this, my dude?

Godholio posted:

Yeah, this. Also child porn sellers.

But you repeat yourse--GODDAMMIT BEATEN

Wasabi the J
Jan 23, 2008

MOM WAS RIGHT
https://twitter.com/motherboard/status/943876599325384704?ref_src=twsrc%5Etfw

From the Security gently caress-ups thread

CommieGIR
Aug 22, 2006

The blue glow is a feature, not a bug


Pillbug
Bitcoin is the financial equivalent of a Free Energy machine. Its blatantly obvious its a scam, but people with no other hope or knowledge buy into it anyways.

Mr. Nice!
Oct 13, 2005

bone shaking.
soul baking.

Loving Africa Chaps posted:

You can't, fees are like $40 per transaction

Darknet markets moved to more stable and lower priced coins in a lot of cases because of this.

The transaction fee hurdle is actually a big problem for coinbase and i'm guessing a bunch of other exchanges. Basically these groups have tons of wallets with fractions of bitcoins in them. Because the high fees and the mechanics of the bitcoin system, they literally cannot consolidate or otherwise move any of those around what adds up to be a lot of butts.

Basically any cryptocurrency is only useful for fraud and other criminal activities. More than a cursory glance into it reveals it, and anyone investing is going to further those criminal actions and are actively investing in a ponzi.

Stultus Maximus
Dec 21, 2009

USPOL May

boop the snoot posted:

so why root for the poorly informed to get screwed? did you do that in the mid-2000s with poorly informed home buyers?

Houses are things people live in and are the foundation of generational wealth in America. Bitcoins are fun bux for libertarians and organized crime.
But you know, same thing right.

PookBear
Nov 1, 2008

boop the snoot posted:

yeah nevermind.

i hope those people lose everything and i'm going to laugh because gently caress it that would be hilarious

bitcoin consumes as much energy as denmark and its a giant ponzi scheme. The processing fees are $40 or something so its never going to be useful as a currency because if you buy 20 bucks of gas at the gas station you also hgave to pay 40 dollars worth of transactions fees.

I don't want the suckers to lose their money, I want the idiot libertarions that are doing dumb poo poo like convincing other people to put their entire loving life savings into it. Its going to fail and its better for the world and the whales (both types) if it fails before even more idiots get suckered in.

You sound like your cheering for enron simply because you don't want people that invested in enron to lose their savings.

Poppyseed Poundcake
Feb 23, 2007

Stultus Maximus posted:

Bitcoins are fun bux for libertarians and organized crime.

Tell me how all the people scammed into buying bitcoins are doing it because they are libertarians who like organized crime :allears:

Maybe we should have compassion for the victims in both situations?

Flying_Crab
Apr 12, 2002



http://www.independent.co.uk/news/w...d-a8126461.html

quote:

The death toll from the 1989 Tiananmen Square massacre was at least 10,000 people killed by a Chinese army unit whose troops were likened to “primitives”, a secret British diplomatic cable alleged.

:captainpop:

Casimir Radon
Aug 2, 2008


Poppyseed Poundcake posted:

Tell me how all the people scammed into buying bitcoins are doing it because they are libertarians who like organized crime :allears:

Maybe we should have compassion for the victims in both situations?
The longer it takes to crash the more idiots will buy into it and more damage will be done.

Sacrist65
Mar 24, 2007
Frunnkiss

Poppyseed Poundcake posted:

Tell me how all the people scammed into buying bitcoins are doing it because they are libertarians who like organized crime :allears:

Maybe we should have compassion for the victims in both situations?

Maybe im projecting but those same people are laughing at the nay sayers every time bitcoin shoots up. We both believe our worldview is the correct one and feel joy when our truth is confirmed.

I generally don't feel bad when people who think they are smarter than me get dunked on by reality.

I assume buttcoin "investors" feel the same way

Godholio
Aug 28, 2002

Does a bear split in the woods near Zheleznogorsk?

Poppyseed Poundcake posted:

Tell me how all the people scammed into buying bitcoins are doing it because they are libertarians who like organized crime :allears:

Maybe we should have compassion for the victims in both situations?

If you shove your hand into a blender that's sitting on the kitchen counter (bitcoin), you are not a loving victim. If there's a mystery box (home ownership) that millions of Americans have stuck their hands into, including your parents probably, and you do too but because the laws changed and oh poo poo it's a loving BLENDER IN THE BOX you are a victim.

Godholio fucked around with this message at 18:57 on Dec 23, 2017

DaNerd
Sep 15, 2009

u br?

boop the snoot posted:

yeah nevermind.

i hope those people lose everything and i'm going to laugh because gently caress it that would be hilarious

Not so much that I'm rooting for people to lose everything but that I can see it coming from a million miles a way, these people can't, and I can't stop it or change their minds.

Might as well enjoy the show.

FAUXTON
Jun 2, 2005

spero che tu stia bene

Poppyseed Poundcake posted:

Tell me how all the people scammed into buying bitcoins are doing it because they are libertarians who like organized crime :allears:

Maybe we should have compassion for the victims in both situations?

wow I didn't know Rick Santelli was a goon

Handsome Ralph
Sep 3, 2004

Oh boy, posting!
That's where I'm a Viking!


Poppyseed Poundcake posted:

Tell me how all the people scammed into buying bitcoins are doing it because they are libertarians who like organized crime :allears:

Maybe we should have compassion for the victims in both situations?

gently caress that. This isn't some elderly grandmother getting a phone call at 3 AM telling her to wire money through Western Union to bail out her grandson from Mexican jail. The overwhelming majority of people buying into bitcoin right now are idiots who rather than taking five minutes to research things dump thousands of dollars of liquid money into unregulated commodity. They deserve every single bit of humiliation and scorn that comes upon them.

EDIT: I mean, I'm not surprised by any of this, but it's funny to read this stuff and then think about all the people who said he would become more presidential once he entered office.
https://twitter.com/AdamWeinstein/status/944623494675030017

Handsome Ralph fucked around with this message at 19:09 on Dec 23, 2017

FAUXTON
Jun 2, 2005

spero che tu stia bene

Handsome Ralph posted:

gently caress that. This isn't some elderly grandmother getting a phone call at 3 AM telling her to wire money through Western Union to bail out her grandson from Mexican jail. The overwhelming majority of people buying into bitcoin right now are idiots who rather than taking five minutes to research things dump thousands of dollars of liquid money into unregulated commodity. They deserve every single bit of humiliation and scorn that comes upon them.

This. Bitcoiners, assuming they weren't in it for silk road, got hooked on the idea of making billions by getting in on the ground floor. They got hooked on the prospect of untaxable wealth. They got hooked on their own greed and got burned. They aren't victims, nobody buying bitcoins is a loving victim.

Casimir Radon
Aug 2, 2008


Oh they'll tell you they did their research. They just did it in the most intellectually lazy way possible. Only looked at a few nutty sites that told them what they wanted to hear, and never bothered looking at critical sources.

CRUSTY MINGE
Mar 30, 2011

Peggy Hill
Foot Connoisseur
It's like watching people fall for MLM schemes. "You mean all I have to do is give you money and promote a magic juice/candle/vibrator/holistic supplements while I get people to do the same thing? And I could be a MILLIONAIRE? What hole do I dump my money in, good sir?"

boop the snoot
Jun 3, 2016

CRUSTY MINGE posted:

It's like watching people fall for MLM schemes. "You mean all I have to do is give you money and promote a magic juice/candle/vibrator/holistic supplements while I get people to do the same thing? And I could be a MILLIONAIRE? What hole do I dump my money in, good sir?"

yeah the people who take advantage of stupid people? whatever.

but those stupid people getting taken advantage of? gently caress em. hope they lose everything.

Proud Christian Mom
Dec 20, 2006
READING COMPREHENSION IS HARD
Im not sure I like this new GiP where I'm supposed to feel pity for billionaires and bitcoiners

Third World Reagan
May 19, 2008

Imagine four 'mechs waiting in a queue. Time works the same way.
if they were mentally retarded or children, I'd care

Grognan
Jan 23, 2007

by Fluffdaddy
The last guy I met that advocated for bitcoin was wearing his furry suit at burning man.

boop the snoot
Jun 3, 2016

Grognan posted:

The last guy I met that advocated for bitcoin was wearing his furry suit at burning man.

There’s a difference between advocating for something and not wanting a bunch of people who got taken advantage of to lose their poo poo, you idiot.

FAUXTON
Jun 2, 2005

spero che tu stia bene

Proud Christian Mom posted:

Im not sure I like this new GiP where I'm supposed to feel pity for billionaires and bitcoiners

It's not that you're supposed to, there's just folks making that impossibly dumb demand and it's ricocheting off bullshit detectors so hard it's making everything rattle

CRUSTY MINGE
Mar 30, 2011

Peggy Hill
Foot Connoisseur

boop the snoot posted:

yeah the people who take advantage of stupid people? whatever.

but those stupid people getting taken advantage of? gently caress em. hope they lose everything.

I'd love to see the people at the top of MLMs get thrown in prison or from a tall building attached to a rope.

Dumb people will die by their own hands eventually.

M_Gargantua
Oct 16, 2006

STOMP'N ON INTO THE POWERLINES

Exciting Lemon

boop the snoot posted:

There’s a difference between advocating for something and not wanting a bunch of people who got taken advantage of to lose their poo poo, you idiot.

Yet, bitcoin, like MLM's and ponzi schemes, require that you advocate for it to get more people to throw cash in the fire to raise the price.

MLMs being the least evil because there is a theoretical way they could be run without loving over the low level distributors.

Zeris
Apr 15, 2003

Quality posting direct from my brain to your face holes.
No debating in the current events thread!!!!!!!!!!!!!!!!!!!

Zeris
Apr 15, 2003

Quality posting direct from my brain to your face holes.

Proud Christian Mom posted:

Im not sure I like this new GiP where I'm supposed to feel pity for billionaires and bitcoiners

Not sure I like this sense of entitled shitposting and it might get you probated!

Fister Roboto
Feb 21, 2008

I like laughing at stupid people doing stupid things.

PookBear
Nov 1, 2008

boop the snoot posted:

There’s a difference between advocating for something and not wanting a bunch of people who got taken advantage of to lose their poo poo, you idiot.

some guy was getting death threats on reddit because he cashed out and said he was done with bitcoin. Its a god drat cult and you're being a god drat piss baby because we want reality to poo poo on them before they can convince anyone else to join their idiot brigade

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Poppyseed Poundcake
Feb 23, 2007

45 ACP CURES NAZIS posted:

some guy was getting death threats on reddit because he cashed out and said he was done with bitcoin. Its a god drat cult and you're being a god drat piss baby because we want reality to poo poo on them before they can convince anyone else to join their idiot brigade

:goonsay: There's some idiots on reddit so they're all bad

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