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Take the hint and fork off
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Dec 28, 2017 05:06
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Tether is printing again! https://twitter.com/tetherprinter?lang=en There's now $1.3 Billion USDT
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Dec 28, 2017 05:27
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decentralized digital ponzi schemes lmao
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Dec 28, 2017 05:33
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ALL money is arbitrary
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Dec 28, 2017 05:40
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Toys For rear end Bum posted:Tether is printing again!
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Dec 28, 2017 06:28
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tether is a store of value. everything is. except us dollars. get rid of your worthless dollars while you still can!
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Dec 28, 2017 06:32
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something about south korea is making the butts go down today?
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Dec 28, 2017 07:30
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Rock Puncher posted:something about south korea is making the butts go down today? they have to use their real names to buy btc now (just like the usa) and bitcoin is officially over
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Dec 28, 2017 09:02
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EAT FASTER!!!!!! posted:Purely as curiosity for another project I'm working on, can you give me a sense of how many copies of this wildly successful book you've managed to sell? Last night it went over 4000 sales! That's actual paying customers giving me money. About 1000 paperbacks, the rest ebook. and self-publishing, I keep ALL the money. Expecting somewhere over £10k by the time the hype cycle finishes. I was literally expecting 100-200 sales when i started it, in late 2016, when nobody gave a poo poo. I should write a book on how to be successful at self publishing: "How To Win The Lottery: picking six numbers like a genius like me" Dadbod Apocalypse posted:Does your book delve into all the dumb questions I've been asking over the last two pages? If so, I'll buy a hardcopy from Amazon. tries to. The trouble with Bitcoin books is the first chapter always has to be explaining what the arsing gently caress a bitcoin is. You can see the "Look Inside" on Amazon for the first three chapters. Ccs posted:I hate that I have to sound like I'm defending bitcoin, but it was the first application of Practical Byzantium Fault Tolerance. It used a Proof of Work algorithm that had originally been used in systems such as Hashcash to limit email spam. This was the first time it was implemented toward the PBFT problem. it was very interesting and extremely clever! this is not the same as useful, practical or feasible
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Dec 28, 2017 11:29
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Ham Sandwiches posted:Ah yes, my super bold position of "Cryptos are not a scam, go ahead and mess around with them if you want" continues to be controversial I suppose dude you flipped out at COMRADES because they were having trouble using Coinbase right as an unannounced service outage was beginning
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Dec 28, 2017 11:36
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ilmucche posted:This is what I always hear, but surely there are some that make money Gamble with someone else's money for startup capital, live the business 24/7 for a couple years at minimum, and then sell out. Or, you know, pony up for a franchise who's already done the hard work and you just have to run day to day. Running a Dairy Queen is pretty drat profitable.
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Dec 28, 2017 11:42
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quote:https://www.reddit.com/r/Bitcoin/comments/7mlso0/dont_repeat_my_mistakes_i_had_everything_now_i_am/ probably fake, you be the judge
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Dec 28, 2017 13:59
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Fried Watermelon posted:ALL money is arbitrary lmao, is that the buttcoin version of "ackshually, ALL lives matter  "
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Dec 28, 2017 15:08
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Rock Puncher posted:robbed If someone steals you bank card, you can call your bank, the card is blocked (and I think fraudulent transfers can be reversed?) If someone steals your cash - the cash is gone, bye. If someone steals you revolutionary crypto wallets, you cannot use those "coins". But thives cannot use them either. So now they actually have a reason to come back with a soldering iron (which they need for a quite simple process of thermo-rectal cryptoanalysis). Hmm, so the third option is the currency of the future? This is so confusing 
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Dec 28, 2017 15:09
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Rock Puncher posted:probably fake, you be the judge Thats mega fake.
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Dec 28, 2017 15:38
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The good thing about bitcoin is the amount of interesting reads it generates. I liked this one
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Dec 28, 2017 16:10
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Uranium 235 posted:also, they can't just disappear. they are a licensed and regulated company, they are based in the US, and their identities are known. how do you think they're going to just disappear with people's money? I'm not sure why you seem to think this is all that much better of a situation to be in. In the event of a theft or loss of some kind, they'll declare bankruptcy. All of a sudden, you're a creditor waiting in line with thousands (tens of thousands?) of other creditors for a fraction of what you put in. Some of those creditors have far more money invested than you do, and they'll make drat sure that they're made whole before you see a buttpenny. So, best case scenario, you get some fraction of your investment returned to you after 3-4 years.
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Dec 28, 2017 16:33
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junan_paalla posted:The good thing about bitcoin is the amount of interesting reads it generates. I liked this one I liked that too. Thanks for sharing. Not sure how bitcoin avoids tanking eventually. Too volatile for merchant adoption. Ironically, the volatility is what attracts a lot of bitcoin holders. Like anything misvalued, it’s possible to profit - if you did, great for you - but this is a negative-sum game. When all is said and done, all that has happened is a redistribution of wealth between participants. Meanwhile, money has leeched out into fiat through taxed gains, electricity costs, exchange fees (which are used to pay for operations - salary, hosting, overhead, etc - in local currency). Gonna turn out to be the best way to pay terrorist ransoms, though.
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Dec 28, 2017 16:34
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Baronash posted:I'm not sure why you seem to think this is all that much better of a situation to be in. In the event of a theft or loss of some kind, they'll declare bankruptcy. All of a sudden, you're a creditor waiting in line with thousands (tens of thousands?) of other creditors for a fraction of what you put in. Some of those creditors have far more money invested than you do, and they'll make drat sure that they're made whole before you see a buttpenny. Yeah also this. I mean let’s say I own one of the exchanges and my primary motivation is “get mine”. Ideal strategy is to take as much from each transaction as my clients will tolerate (much like a casino dealer). Pay out salary and bonus to myself. Once I can no longer afford to stay afloat, declare bankruptcy and liquidate all assets. Exchange goes under but I emerge much richer through legal means. What, this money? That was my fair salary for running the service. Sorry it went under, I did my best.
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Dec 28, 2017 16:40
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divabot posted:I should write a book on how to be successful at self publishing: "How To Win The Lottery: picking six numbers like a genius like me" Yo I would buy this
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Dec 28, 2017 16:53
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Liquid Communism posted:Gamble with someone else's money for startup capital, live the business 24/7 for a couple years at minimum, and then sell out. Or, you know, pony up for a franchise who's already done the hard work and you just have to run day to day. Running a Dairy Queen is pretty drat profitable. I went to a bachelor party for a friend of mine, and his three cousins went as well. They were throwing around like $10k at blackjack and buying us all very expensive steak dinners and poo poo, and I was like, hey man, what the gently caress do your cousins do? Are they drug dealers or something? Nah, they own and operate multiple Popeyes Chickens, they're millionaires. Some of the stupidest people I've ever met in my whole life too. Hvafhdadf fuckin kill me.
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Dec 28, 2017 16:57
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paternity suitor posted:I went to a bachelor party for a friend of mine, and his three cousins went as well. They were throwing around like $10k at blackjack and buying us all very expensive steak dinners and poo poo, and I was like, hey man, what the gently caress do your cousins do? Are they drug dealers or something? Nah, they own and operate multiple Popeyes Chickens, they're millionaires. Some of the stupidest people I've ever met in my whole life too. Hvafhdadf fuckin kill me. You're not opening a single fast food restaurant for less than $1 million.
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Dec 28, 2017 17:04
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Baronash posted:I'm not sure why you seem to think this is all that much better of a situation to be in. In the event of a theft or loss of some kind, they'll declare bankruptcy. All of a sudden, you're a creditor waiting in line with thousands (tens of thousands?) of other creditors for a fraction of what you put in. Some of those creditors have far more money invested than you do, and they'll make drat sure that they're made whole before you see a buttpenny.
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Dec 28, 2017 17:09
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FogHelmut posted:You're not opening a single fast food restaurant for less than $1 million. I thought Subway franchises were really affordable, hence so many around (and failing).
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Dec 28, 2017 17:13
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quote:Either the investor base diversifies during this price correction or bitcoin will crash very hard, former Pimco chief predicts.
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Dec 28, 2017 17:14
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Uranium 235 posted:customer cash balances are held in segregated accounts in their name at a bank that is FDIC insured thank god so many exchanges are giving people play money (labeled as USD but actually USDT) so they don't have to deal with any of that
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Dec 28, 2017 17:24
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apparently there's going to be a bitcoin uranium fork on the 31st. i swear i'm not behind it https://bitcointalk.org/index.php?topic=2316506
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Dec 28, 2017 17:35
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I think restaurant franchises also expect you to work like 80-100 hour weeks for a long time getting them set up
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Dec 28, 2017 17:37
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Uranium 235 posted:apparently there's going to be a bitcoin uranium fork on the 31st. i swear i'm not behind it lol $BUM
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Dec 28, 2017 17:39
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Burt Sexual posted:lol $BUM
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Dec 28, 2017 17:40
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Ruggan posted:Like anything misvalued, it’s possible to profit - if you did, great for you - but this is a negative-sum game. When all is said and done, all that has happened is a redistribution of wealth between participants. Yeah, I keep trying to hammer this home to my friend who is obsessed with this poo poo. Bitcoin doesn't generate money man. I've been saying it's a zero-sum game, but actually you're right, it's a negative sum game. It's the same exact poo poo that happened with hedge funds and banks and CDO's. We don't know what this is really worth, but I sell you one for $1B, you sell me one for $1B, and now we're both billionaires.
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Dec 28, 2017 18:08
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Burt Sexual posted:I thought Subway franchises were really affordable, hence so many around (and failing). apparently, depending on the location, you can open one for only like $150-300k (including their $30k liquid cash requirement), so I guess that is a fairly good way for the little guy to totally lose his shirt while trying to wrangle stoned teenagers
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Dec 28, 2017 18:58
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If you lose all your money in a failed restaurant investment at least you get some food and valuable work experience out of it. Lose all your money in bitcoin and you get ????
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Dec 28, 2017 19:30
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Pochoclo posted:If you lose all your money in a failed restaurant investment at least you get some food and valuable work experience out of it. You get a sense of pride and accomplishment, like EA.
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Dec 28, 2017 19:33
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Pochoclo posted:If you lose all your money in a failed restaurant investment at least you get some food and valuable work experience out of it. I'll always have the blockchain.
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Dec 28, 2017 19:35
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paternity suitor posted:I went to a bachelor party for a friend of mine, and his three cousins went as well. They were throwing around like $10k at blackjack and buying us all very expensive steak dinners and poo poo, and I was like, hey man, what the gently caress do your cousins do? Are they drug dealers or something? Nah, they own and operate multiple Popeyes Chickens, they're millionaires. Some of the stupidest people I've ever met in my whole life too. Hvafhdadf fuckin kill me. also playing blackjack against the house without doing some MIT blackjack thing that the casino is probably going to ban you for anyways means you are stupid or ignorant. no, the comps don't make up for it
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Dec 28, 2017 19:40
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I just had lunch with someone who was telling me that bitcoin as a currency cannot ever slow it's growth because there are a finite amount of coins. I have had enough of them to shut it down, but it made me realise - isn't crypto in general the 'currency' at play here, and bitcoin/ltc/eth is essentially just a different denomination? Looking up graphs that overlay them and the last year they've tracked each other pretty closely.
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Dec 28, 2017 19:42
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cubicle gangster posted:I just had lunch with someone who was telling me that bitcoin as a currency cannot ever slow it's growth because there are a finite amount of coins. they do tend to be correlated but if you look at the charts for other coins paired against BTC you'll see that the correlations do break down fairly often
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Dec 28, 2017 19:48
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There is a really unique advantage to bitcoin , but obviously, it is possible to get money out if it with the right timing, like you can say that about any speculative bubble. Essentially the only people that can make money off of it just see it what it is a speculative commodity and are ready to dump it as quick as they can get the price they want for it.
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Dec 28, 2017 19:51
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cubicle gangster posted:I just had lunch with someone who was telling me that bitcoin as a currency cannot ever slow it's growth because there are a finite amount of coins. AFAIK, the costs of mining in terms of energy also exponentially increases. Currently a single bitcoin transaction uses the same energy costs of an American household for an entire week.
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Dec 28, 2017 19:55
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