Original_Z posted:

I don’t understand why so many currencies exist! Looking at the exchanges give me a huge list, along with the “popular” ones there are several I never heard of like Zcash trading for several hundred.

Salt Fish posted:

This post reads like you took 3-4 other posts that were basically factual and then glued them together into a new one that doesn't make any sense. The dude wanted to know why etherium exists and the answer is roughly that the author wanted to fix the wasteful nature of mining. I've seen dozens of people in this thread complain about all the waste involved in mining, so you'd think it'd be well received to have someone playing around with the basis of a partial fix. This iteration has some clear issues, but that's part of the process of inventing. It's not the protocol's fault that idiots pick up the open source project and try to speculate with it.

lazorexplosion posted:

Let me explain why there are so many coins

So that's why everyone is making their own coins.

lazorexplosion posted:

I know you have many questions. I hope this explains everything.

OhFunny posted:

OhFunny posted:

quote:

I'm using a throwaway because I do post regularly to this and other subs and would prefer my situation not be linked.

I'm sitting here on Christmas morning, the only one in the house and nursing a glass of red wine as I type this out. I guess I should be clear, I realise that it was my own actions that caused my wife to leave me and not Bitcoin but it did play a direct role in leading me down the path that has brought me to where I am right now.

Several months ago I convinced my wife to allow me to redraw some of the equity in our family home. Thanks to a recent valuation we had almost $200K of approved equity available but we both agreed I would only redraw up to $50K max in blocks of $10K to buy Bitcoin.

Which I did.

Fast forward to over a week ago - Bitcoin was mooning and the FOMO was strong. I saw the price climbing rapidly and had visions of telling my wife over Christmas cocktails that we were going to buy a new car with our incredible windfall. So without her knowledge I decided to buy in with the remainder of our equity - all $150K and go long with the bulk of it. Those transactions completed several days ago and we all know what happened next.

She knew something was wrong with me because of how I was constantly checking the portfolio since the crash. Unfortunately the damage was done, I was completely REKT and in disbelief. I was tempted to leverage the BTC I had left to try and recover my losses but I knew that was just a losers game. Worst of all I had to tell my wife who had no idea what was coming.

I told her everything last night.

I won't go into the specific details but to say there was a lot of yelling, crying and screaming - all of it directed at me. I agreed to cash out what little BTC I had left and return it to the mortgage account. She packed her suitcase and called her sister who picked her up close to midnight and left without saying another word. After she left I did as we agreed, cashing out the BTC and transferring it to our account. I messaged her to say it had been done. An hour later I get a message back from her: It's over, you're reckless and stupid and I'm leaving.

I haven't slept all night. I don't think I will tonight either. I will always remember this Christmas now as the one when Bitcoin ended my marriage.

Merry Christmas everyone.

XK posted:

If nobody can tell me what Ethereum does, by noon EST, tomorrow, December 25th, I'm going to declare that anyone putting money into ETH is a big dummy.

Turmoil posted:

Looks like he deleted it, but it's still cached:

Turmoil posted:

Looks like he deleted it, but it's still cached:

Turmoil posted:

Looks like he deleted it, but it's still cached:

Turmoil posted:

Looks like he deleted it, but it's still cached:

Dmitri-9 posted:

He should be up a million if he bought $50000 worth months ago

XK posted:

Nobody even tried. Sad!

Burt Sexual posted:

That’s awesome. I bet the responses were delicious. Did he delete the thread or just the post?

ItBurns posted:

This is definitely real.

Dmitri-9 posted:

He should be up a million if he bought $50000 worth months ago

XK posted:

Just imagine finding out your spouse put tens or hundreds of thousands into bitcoin, without telling you, from a home equity loan, hard earned joint savings, or the children's college fund.

XK posted:

Just imagine finding out your spouse put tens or hundreds of thousands into bitcoin, without telling you, from a home equity loan, hard earned joint savings, or the children's college fund.

Andrast posted:

Even if the guy had made a billion dollars doing it, I would still get a divorce.

You don’t do stuff like that behind someone’s back

Stefan Prodan posted:

Yeah exactly this is a trust thing

I would be like thanks for making my future divorce settlement huge

Turmoil posted:

quote:

I won't go into the specific details but to say there was a lot of yelling, crying and screaming - all of it directed at me. I agreed to cash out what little BTC I had left and return it to the mortgage account. She packed her suitcase and called her sister who picked her up close to midnight and left without saying another word. After she left I did as we agreed, cashing out the BTC and transferring it to our account. I messaged her to say it had been done. An hour later I get a message back from her: It's over, you're reckless and stupid and I'm leaving.

Dmitri-9 posted:

He should be up a million if he bought $50000 worth months ago

Turmoil posted:

Looks like he deleted it, but it's still cached:

quote:

I'm using a throwaway because I do post regularly to this and other subs and would prefer my situation not be linked.

I'm sitting here on Christmas morning, the only one in the house and nursing a glass of red wine as I type this out. I guess I should be clear, I realise that it was my own actions that caused my wife to leave me and not Bitcoin but it did play a direct role in leading me down the path that has brought me to where I am right now.

Several months ago I convinced my wife to allow me to redraw some of the equity in our family home. Thanks to a recent valuation we had almost $200K of approved equity available but we both agreed I would only redraw up to $50K max in blocks of $10K to buy Bitcoin.

Which I did.

Fast forward to over a week ago - Bitcoin was mooning and the FOMO was strong. I saw the price climbing rapidly and had visions of telling my wife over Christmas cocktails that we were going to buy a new car with our incredible windfall. So without her knowledge I decided to buy in with the remainder of our equity - all $150K and go long with the bulk of it. Those transactions completed several days ago and we all know what happened next.

She knew something was wrong with me because of how I was constantly checking the portfolio since the crash. Unfortunately the damage was done, I was completely REKT and in disbelief. I was tempted to leverage the BTC I had left to try and recover my losses but I knew that was just a losers game. Worst of all I had to tell my wife who had no idea what was coming.

I told her everything last night.

I won't go into the specific details but to say there was a lot of yelling, crying and screaming - all of it directed at me. I agreed to cash out what little BTC I had left and return it to the mortgage account. She packed her suitcase and called her sister who picked her up close to midnight and left without saying another word. After she left I did as we agreed, cashing out the BTC and transferring it to our account. I messaged her to say it had been done. An hour later I get a message back from her: It's over, you're reckless and stupid and I'm leaving.

I haven't slept all night. I don't think I will tonight either. I will always remember this Christmas now as the one when Bitcoin ended my marriage.

Merry Christmas everyone.

QuarkJets posted:

MERRY CHRISTMAS EVERYONE

klafbang posted:

It truly is an x-mas miracle.

Comfy Fleece Sweater posted:

Merry Cryptosmas, and happy HOLDidays

Say Nothing posted:

I starting using bitcoin because an online trader I deal with offered a 20% discount for using it, but the ridiculous variation in value, plus stupid exchange fees and stupider bitcoin mining fees are making using bitcoin an ordeal.
Hopefully it doesn't die out entirely, but there are to many flaky, unreliable, and downright dishonest people involved.
A virtual currency is a good idea, but it's being ruined by idiots.

paternity suitor posted:

I think they'll do this, and it will work, because unlike Bitcoin they have an entire ecosystem of goods and services they can offer at a discount when you use their coin. You can buy almost anything on Amazon, so Amazon gift cards are really almost as good as money. All they'd have to do is throw you like 5-10% off when you use their coin and it's a no brainer.

If you're an Amazon employee and they offered you a percent of your salary in the coin and you don't pay taxes on it or whatever, why wouldn't you do that? Save on taxes plus get discounts on things you were going to buy anyway.

If you're an Amazon seller and they offer to pay you in their coin in exchange for subsidized seller fees, why wouldn't you do that? Increase your margins plus get discounts on things you were going to buy anyway.

They'd basically be a bank at that point.

It probably lets them circumvent taxes in some way that I'm not tax-smart enough to know about too

And then we're the United States of Amazon.

XK posted:

If nobody can tell me what Ethereum does, by noon EST, tomorrow, December 25th, I'm going to declare that anyone putting money into ETH is a big dummy.

sullat posted:

Boy, several of those things are super-illegal and super-exploitative. Who knows, maybe some bitcoiner will be made head of the Labor and change the first part.