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gary oldmans diary posted:the tweet was made at 6:59 pointing to something that either occurred or finalized or was verified at 7:09 so dont put your trust in timestamp ordering and odds are the twitterbot wasnt intended to be up-to-the-second (although since i trust the time it takes to process a tweet is rather short i would say the tether was printed at some undetermined time before 6:59) edit: not sure why the tweet timestamp is earlier than the transaction time 
Uranium 235 fucked around with this message at 19:12 on Jan 23, 2018 |
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Jan 23, 2018 19:10
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ChumpsForChange posted:This guy posts in my colleges buy and sell page trying to get people to buy his old bitcoin rigs and sell the game codes in his card boxes for like $50 Searching their lovely hashtag on twitter is fun quote:Dear #bitcoincouple, I hope either one of you is cheating and the other finds out and your entire marriage fails, and as a result, you sell off your GPUs at a super discounted price so that I can buy one off you and play video games.
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Jan 23, 2018 19:11
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Uranium 235 posted:i'm going off the time here http://omnichest.info/lookuptx.aspx?txid=e4062783d935886392c29396d15aab470fff9732b0b8e80ad56573adcbea79c4
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Jan 23, 2018 19:12
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EorayMel posted:There was a twilight zone episode about this. Wouldn't it make more sense to monetize the magic chamber you discovered and become world famous explorers?
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Jan 23, 2018 20:07
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There Bias Two posted:Wouldn't it make more sense to monetize the magic chamber you discovered and become world famous explorers?
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Jan 23, 2018 20:30
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The thing about Bitcoin that is so hard for goons to wrap their heads around is the implication that there are so many people smarter than themselves that the price has been driven all the way to 10k. It's a major ego blow, a humbling experience that many goons are simply too stunted to handle. So they lash out at Bitcoin and everyone who endorses it. And no matter how valuable it becomes this pathetic behavior will persist until they inevitably capitulate and buy in.
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Jan 23, 2018 20:30
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sometimes I regret not buying in when it was cheap but I also know I would have cashed out ages ago before it really took off so I doubt I really missed out on much
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Jan 23, 2018 20:37
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Moxxis Endowment posted:The thing about Bitcoin that is so hard for goons to wrap their heads around is the implication that there are so many people smarter than themselves that the price has been driven all the way to 10k. The first part is factually correct. The people running the exchanges' internal bot scams and the tether printer are pretty smart and will make millions. They're the ones who got bitcoin to 10K. But we're talking only about a dozen or so people here. Madoff is a smart dude too. Buying bitcoins / joining any type of ponzi as an investor however is super dumb.
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Jan 23, 2018 20:38
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Meet Giancarlo Devasini, co-founder of Bitfinex and CFO. Started off his career pirating microsoft products, and now he's scamming nerds with monopoly money pegged to the USD.  quote:
Communist Q fucked around with this message at 20:45 on Jan 23, 2018 |
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Jan 23, 2018 20:39
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Moxxis Endowment posted:The thing about Bitcoin that is so hard for goons to wrap their heads around is the implication that there are so many people smarter than themselves that the price has been driven all the way to 10k. I think you're quite right but the other way around Bitcoin believers can't deal with the blow to their ego that would come from: - Realizing poo poo needs to be regulated, libertarian economy is as utopic as communism; - Realizing there's a loooot of people that have been doing this for a living and know every scam under the sun, and can effectively use them with complete anonimity using bitcoin; - The blockchain, while promising as a technology, isn't suited for currency use, where there's millions of transactions each second. It's not scalable enough. I understand that the first instinct and response to Bitcoin would be "oh, that sounds cool, let me buy some" but when you've been faced with thousands of facts that make it virtually useless and worthless it's purely through pride that you say "no, that's not true".
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Jan 23, 2018 20:40
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Rad Russian posted:Buying bitcoins / joining any type of ponzi as an investor however is super dumb.
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Jan 23, 2018 20:41
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Communist Q posted:Meet Giancarlo Devasini, co-founder of Bitfinex. Giancarlo Devasini, 32, owner of Pont G Srl of Milan, will pay Microsoft the sum of one hundred million... Wow! Tethers?
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Jan 23, 2018 20:42
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Nah, my guess is Italian lira since it was 1996. It's an old article and not fully complete. I just thought it was interesting to see who's heading up the tether pumps. Added the year to my post. The link was to an archive, but didn't list it. My b.
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Jan 23, 2018 20:43
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God loving damnit a ponzi scheme isn't suddenly good because you made money off of it How loving hard is it to get this PONZI SCHEMES ARE BAD.
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Jan 23, 2018 20:43
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Moxxis Endowment posted:As an early investor with 25k realized gains and 220k unrealized gains I must disagree. Why? As in any ponzi, some people besides just the people running it will make money. However you don't know when the ponzi will crash so it's equivalent to gambling. That's like saying playing roulette is smart because I made 200K at the casino last night. That's not even taking into account that you can actually risk and gamble, win money, and then not be able to cash out because you lose your wallet password, get hacked, send money to wrong address, and a load of other stupid bitcoin scenarios. Besides, I don't think any goons in this thread make fun of people who go into bitcoin knowing it's a ponzi and with intention to scam other people or luck out/gamble. We're here to make fun of various stupid ways these ponzis operate and also laugh at people who are here declaring that this ponzi is the currency of the future. Rad Russian fucked around with this message at 20:48 on Jan 23, 2018 |
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Jan 23, 2018 20:44
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Calling Bitcoin a ponzi reveals a willful ignorance to understand what we're dealing with here. It doesn't help your argument and only serves to make you look childish in the eyes of anyone who understands the technology.
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Jan 23, 2018 20:47
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Moxxis Endowment posted:As an early investor with 25k realized gains and 220k unrealized gains I must disagree. comfy fleece sweater is better at this
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Jan 23, 2018 20:49
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Moxxis Endowment posted:Calling Bitcoin a ponzi reveals a willful ignorance to understand what we're dealing with here. It doesn't help your argument and only serves to make you look childish in the eyes of anyone who understands the technology. can I have a loan?
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Jan 23, 2018 20:49
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lol
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Jan 23, 2018 20:50
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Moxxis Endowment posted:Calling Bitcoin a ponzi reveals a willful ignorance to understand what we're dealing with here. It doesn't help your argument and only serves to make you look childish in the eyes of anyone who understands the technology. I understand the technology extremely well. Much better than any pro bitcoiner that has posted in this thread, so far at least. So do a lot of other goons here that also help explain how blockchain operates and how tether is used to pump fake money across multiple exchanges. Rad Russian fucked around with this message at 20:54 on Jan 23, 2018 |
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Jan 23, 2018 20:50
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People are printing fake currency with no regulation to prop up another unregulated fake currency. It's a scam. This has happened before in history, and will happen again. You also never addressed the power consumption bitcoin requires to function, nor the transaction speed limit Eh, idgaf, you're probably a troll
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Jan 23, 2018 20:50
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Bitcoin is awful because it’s literally a currency that someone created backed by nothing. There’s nothing making it intrinsically more valid than a copy-paste named Bitcoin 2. Is blockchain an actually useful distributed database, like a million people chipping in some HD space to form their own cloud storage? Or is blockchain just a massively redundant database that is copied a million times over?
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Jan 23, 2018 20:52
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Rad Russian posted:Besides, I don't think any goons in this thread make fun of people who go into bitcoin knowing it's a ponzi and with intention to scam other people or luck out/gamble. That’s why I’m here, don’t speak for me. Bit-coin isn’t real.
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Jan 23, 2018 20:52
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Rad Russian posted:I understand the technology extremely well. Much better than any pro bitcoiner that has posted in this thread, so far at least. So do a lot of other goons here that also help explain how blockchain operates and how tether is used to pump fake money across multiple exchanges.
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Jan 23, 2018 20:54
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teardrop posted:Bitcoin is awful because it’s literally a currency that someone created backed by nothing. There’s nothing making it intrinsically more valid than a copy-paste named Bitcoin 2. I assume there's use cases where integrity matters like a billion times more than speed and efficiency Currency isn't it, though, imho
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Jan 23, 2018 20:54
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I really wish I was one of the Bernie Madoff investors that made like 15% yearly roi and then got out.
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Jan 23, 2018 20:55
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Moxxis Endowment posted:*Watches as Rad Russian quietly moves the goalposts from "Bitcoin is a ponzi" to "tether is the only thing keeping Bitcoin from dying"* Oh we're going full pedantic now I guess you're right, its actually not a Ponzi at all, because there's no new money coming in It's all imaginary
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Jan 23, 2018 20:55
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1) Bitcoin isn't a Ponzi but 2) it's a speculative asset bubble and 3) Tether is the only thing keeping Bitcoin from dying
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Jan 23, 2018 20:57
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I actually find I understand the technology better than cryptocurrency supporters. More often than not I have to correct them on how their technology actually works and what is feasible using it. But I also work in software development and have utilized distributed logging systems before, so I don't tend to poo poo my pants over replicating transaction info.
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Jan 23, 2018 20:58
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Communist Q posted:Meet Giancarlo Devasini, co-founder of Bitfinex and CFO. Reminds me of the CTO of Nicehash, which was the cool Goon Approved mining pool until $70 million of theirs got "hacked". https://krebsonsecurity.com/2017/12/former-botmaster-darkode-founder-is-cto-of-hacked-bitcoin-mining-firm-nicehash/ Ran a botnet for years and was sent to prison for 4 years in 2013. Of course this didnt come out til after the security breach lol
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Jan 23, 2018 20:58
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Ponzi vs. not ponzi is a distinction without a meaning. The algorithm creates 20 million USD equivalent per day right now; the only way the price can be maintained is with a fresh daily supply of 20 million USD worth of suckers' money.
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Jan 23, 2018 20:58
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teardrop posted:Is blockchain an actually useful distributed database, like a million people chipping in some HD space to form their own cloud storage? Door two. It's not distributed. It's replicated. Replication is good for one-writer-many-readers. That's why it's used by Akamai and similar content delivery networks to allow many people to read a static/mostly static web-page. It sucks if anybody wants to write to it. E: replication is used by Akamai, not bitcoin or blockchain. Replication is from, what, the 70s? klafbang fucked around with this message at 21:01 on Jan 23, 2018 |
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Jan 23, 2018 20:58
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CommieGIR posted:Rip Van Winkle Caper. IMO this is a dumb plan. He could have made more money freezing rich dweebs who want to see the future. Sort of like in Looper how they discovered time travel and all they used it for was dumping bodies jfc.
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Jan 23, 2018 20:59
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Moxxis Endowment posted:*Watches as Rad Russian quietly moves the goalposts from "Bitcoin is a ponzi" to "tether is the only thing keeping Bitcoin from dying"* I'm just mad I haven't yet invented a way to trade tether for Star Citizen jpegs. I would make millions through a new ponzi vertical integration business plan.
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Jan 23, 2018 21:00
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Andy Dufresne posted:Ponzi vs. not ponzi is a distinction without a meaning. The algorithm creates 20 million USD equivalent per day right now; the only way the price can be maintained is with a fresh daily supply of 20 million USD worth of suckers' money. yeah, it's purely a transfer of wealth from later investors to early investors, with the only expectation of returns coming from the prospect of even later investors coming in and adding their money to the pool. it's not a pyramid or ponzi by design but it is by function.
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Jan 23, 2018 21:01
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https://www.youtube.com/watch?v=k4FNmp3mKp4
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Jan 23, 2018 21:03
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literally a hog posted:Reminds me of the CTO of Nicehash, which was the cool Goon Approved mining pool until $70 million of theirs got "hacked". They should be thanking him for teaching them an important lesson about leaving money with your pool operators.
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Jan 23, 2018 21:04
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Isn't it a bit pointless to classify bitcoin or blockchain as a ponzi? There's so many different scams all intertwined in the entire ecosystem it's hard to point to any corner and say "that's a ponzi" or "that's a wash trade." It's all a bit of everything, and once it all comes down, investment in the lolchain will pay off great dividends.
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Jan 23, 2018 21:05
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Straight White Shark posted:it's not a pyramid or ponzi by design but it is by function. Since there is no fraud perpetrated in Bitcoin, it does not qualify as a ponzi scheme.
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Jan 23, 2018 21:06
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look how smart i am, i won the lottery bitch!
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