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I would blow Dane Cook
Dec 26, 2008
https://twitter.com/parabolictrav/status/969285451528859648

https://twitter.com/parabolictrav/status/969285453034614784

https://twitter.com/parabolictrav/status/969285454091583488

https://twitter.com/parabolictrav/status/969285456683675648

https://twitter.com/parabolictrav/status/969285458193629184

https://twitter.com/parabolictrav/status/969285459951075329

https://twitter.com/parabolictrav/status/969286053067567104

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Mumpy Puffinz
Aug 11, 2008
Nap Ghost

wid posted:

No you don't. You're betting what the price will at 2020 and putting your retirement at it. If you put in twice as much now, then even at 2020 if the price is only half you'd still be able to retire.

how much you wanna bet his retirement fund is all bitcoin?

90s Solo Cup
Feb 22, 2011

To understand the cup
He must become the cup




Bitcoin @ $1,000,000 in 2026. :marc:

Kobayashi
Aug 13, 2004

by Nyc_Tattoo

Domestic Amuse posted:

Bitcoin @ $1,000,000 in 2026. :marc:

$5+ trillion “market value.”

PostNouveau
Sep 3, 2011

VY till I die
Grimey Drawer

Domestic Amuse posted:

Bitcoin @ $1,000,000 in 2026. :marc:

poo poo, Mcafee's gonna have to eat his dick

Mumpy Puffinz
Aug 11, 2008
Nap Ghost

Kobayashi posted:

$5+ trillion “market value.”

lol

McGiggins
Apr 4, 2014

by R. Guyovich
Lipstick Apathy
But doesn't that make the coin useless?

If everyone is paying a thousand bucks per centi-bit or whatever, doesn't it make the market completely inaccessible, and therefore worth considerably less, at the end of the day?

Like, I'm no financial genius, but it seems bubbled based on the fact that everyone sees it going up, so everyone trys to jump in, repeat, but there appears to be very little actual market trading for actual things with bitcoin itself other than illegal stuff.

The market value seems to completely be ultimately the thing that will kill it off.

I await effort posts telling me that i have no idea about how bubbling works, and furthermore

Mumpy Puffinz
Aug 11, 2008
Nap Ghost

McGiggins posted:

But doesn't that make the coin useless?

If everyone is paying a thousand bucks per centi-bit or whatever, doesn't it make the market completely inaccessible, and therefore worth considerably less, at the end of the day?

Like, I'm no financial genius, but it seems bubbled based on the fact that everyone sees it going up, so everyone trys to jump in, repeat, but there appears to be very little actual market trading for actual things with bitcoin itself other than illegal stuff.

The market value seems to completely be ultimately the thing that will kill it off.

I await effort posts telling me that i have no idea about how bubbling works, and furthermore

please stop making sense. or as we call it in the biz, spreading FUD

Uranium 235
Oct 12, 2004

Learn to check your facts before spreading or believing FUD

Gobbeldygook
May 13, 2009
Hates Native American people and tries to justify their genocides.

Put this racist on ignore immediately!

McGiggins posted:

Like, I'm no financial genius, but it seems bubbled based on the fact that everyone sees it going up, so everyone trys to jump in, repeat, but there appears to be very little actual market trading for actual things with bitcoin itself other than illegal stuff.

The market value seems to completely be ultimately the thing that will kill it off.

I await effort posts telling me that i have no idea about how bubbling works, and furthermore
This is why (some) inflation is good and deflation is bad. If I think my money is going to be worth more tomorrow, I'm not going to spend it today. Bitcoin is now useless as a currency and is more a commodity like oil.

Bitcoin is being deprecated in DNM's because internet drug dealers want to trade their commodity (drugs) for a currency not a speculative commodity. All internet drug dealers need is something that allows their customers to pay them without necessarily revealing the dealer's identity, doesn't go down in price, and can be cashed out. They don't give a gently caress if it's BTC, LTC, or Monero.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Crime on a Dime posted:

I hate you all

*replies to you all eight times a day*

I don’t know u but this is peak comedy. Clicks ? On your post itt.

E ah gently caress I fell for a Fyad, a bad on at that. Your no immortal anime

Burt Sexual fucked around with this message at 05:21 on Mar 25, 2018

Nessus
Dec 22, 2003

After a Speaker vote, you may be entitled to a valuable coupon or voucher!



McGiggins posted:

But doesn't that make the coin useless?

If everyone is paying a thousand bucks per centi-bit or whatever, doesn't it make the market completely inaccessible, and therefore worth considerably less, at the end of the day?

Like, I'm no financial genius, but it seems bubbled based on the fact that everyone sees it going up, so everyone trys to jump in, repeat, but there appears to be very little actual market trading for actual things with bitcoin itself other than illegal stuff.

The market value seems to completely be ultimately the thing that will kill it off.

I await effort posts telling me that i have no idea about how bubbling works, and furthermore
The idea is that it makes you a person who is rich and important and has a lambo and is powerful over others

McGiggins
Apr 4, 2014

by R. Guyovich
Lipstick Apathy
But oils value is based on its actual useability as an expendable commerce item that is destroyed through use.

Bitcoin has no actual use that i can determine other than being a speculation simulation game with real money that also allows you to buy drugs.

QuarkJets
Sep 8, 2008


I for one would like to thank bitcoin for inventing logarithmic curves

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

McGiggins posted:

But oils value is based on its actual useability as an expendable commerce item that is destroyed through use.

Bitcoin has no actual use that i can determine other than being a speculation simulation game with real money that also allows you to buy drugs.

Bitcoin is backed by the internet 🙄

Yvershek
Nov 15, 2000

and there are no
diamonds in the
mine

"When I was a little kid, my mother told me not to stare into the sun, so when I was six I did... "

jimmyjams
Jan 10, 2001


King Kong of Megadongs
Gobblin' them mega schlongs
Makin' sure they mega long
Stroke' 'em if they mega strong
thats a whole lot of words and pictures to say "number can only ever go up"

jimmyjams
Jan 10, 2001


King Kong of Megadongs
Gobblin' them mega schlongs
Makin' sure they mega long
Stroke' 'em if they mega strong
satoshis law. the price of bitcoin can *only* go up

gary oldmans diary
Sep 26, 2005
i analyzed this data of number go up and my findings are: number go up in future too

Fame Douglas
Nov 20, 2013

by Fluffdaddy

Uranium 235 posted:

Not everything you don't like is a scam

I think a huge problem in this space is everyone calling the coin/token competing with the one they are invested in a "scam".

All this does is hurt the general image of crypto making it seem like theres tons of scams in the space.

Of course, there are scams in the space, but most of the top 100 coins that get called scams are not scams.

This is an incredibly exciting new space with huge potential and interesting challenges that has captured the attention of thousands of developers around the world. There are lots of people that want to see what they can do with this new technology. We have no idea which coin or token will really be adopted one day, or which one will successfully scale to the number of transactions per second needed to support global adoption.

Calling other coins scams because you want people to invest in your coin instead first of all doesnt work and second of all is bad for everyone.

Focus on the good things that the devs of your coin of interest are doing instead.

Most of the top 100 coins absolutely are scams with no chance of ever seeing anything close to mass adoption. The creators know people in crypto are gullible and are trying to get rich quick launching some half-cocked idea that's enticing enough to get the rubes to "invest".

And why would any currently publicly traded token ever be adopted, the idea on it's face is dumb as hell.

Fame Douglas fucked around with this message at 08:49 on Mar 25, 2018

divabot
Jun 17, 2015

A polite little mouse!

Uranium 235 posted:

I think a huge problem in this space is everyone calling the coin/token competing with the one they are invested in a "scam".

they're all correct though, and so are the guys saying it about them

ghosTTy
Sep 22, 2008

https://www.youtube.com/watch?v=GGberGnxiJk&t=1043s

500 T crypto market cap by 2039 :)

nocoiners die

comedyblissoption
Mar 15, 2006

McGiggins posted:

But oils value is based on its actual useability as an expendable commerce item that is destroyed through use.

Bitcoin has no actual use that i can determine other than being a speculation simulation game with real money that also allows you to buy drugs.
bitcoin has no utility besides letting men sit in their underwear and promise their wives they are gonna be millionaires

klafbang
Nov 18, 2009
Clapping Larry

comedyblissoption posted:

bitcoin has no utility besides letting men sit in their underwear and promise their wives they are gonna be millionaires

Bitcoin is sportsball?

zedprime
Jun 9, 2007

yospos
I wholly believe bitcoins current value is anchored in that it's a commodity that is mostly unregulated allowing anyone with some starting capital and knowledge of scams to try their hand at a variety of ancient but usually illegal security scams. The bubbles might pop off and on, but it won't get driven to effective 0 without aggressive worldwide regulation.

Numbers only go up I also expect is because crypto key based currency is probably having trouble getting more coins made than are lost from losing keys. But that's wild speculation when the market has the depth of a puddle of piss under the urinal.

duck monster
Dec 15, 2004

ilmucche posted:

fudbuddy (UTC+1) - Today at 10:31 AM
why the gently caress would you download a chain when u can just Tor the CP

Uhhh, that's an interesting perspective.

New bitcoin slogan;-

Bitcoin: Why download the blockchain when you can just Tor child porn.

Andy Dufresne
Aug 4, 2010

The only good race pace is suicide pace, and today looks like a good day to die

zedprime posted:

I wholly believe bitcoins current value is anchored in that it's a commodity that is mostly unregulated allowing anyone with some starting capital and knowledge of scams to try their hand at a variety of ancient but usually illegal security scams. The bubbles might pop off and on, but it won't get driven to effective 0 without aggressive worldwide regulation.

Numbers only go up I also expect is because crypto key based currency is probably having trouble getting more coins made than are lost from losing keys. But that's wild speculation when the market has the depth of a puddle of piss under the urinal.

As time goes on I'm more inclined to believe that the entire market is propped up by Russian and north Korean money laundering. We already know they've used it to get around sanctions, it's just a question of the extent. These are your 'institutional' buyers, and if tether is backed this is who's buying in.

Nothing will get offshore unregulated exchanges shut down quicker than proof that nation states are using them.

bobfather
Sep 20, 2001

I will analyze your nervous system for beer money

Yvershek posted:

"When I was a little kid, my mother told me not to stare into the sun, so when I was six I did... "

Pi theme instantaneously popped into my head. Thanks!

Ham Sandwiches
Jul 7, 2000

Andy Dufresne posted:

As time goes on I'm more inclined to believe that the entire market is propped up by Russian and north Korean money laundering. We already know they've used it to get around sanctions, it's just a question of the extent. These are your 'institutional' buyers, and if tether is backed this is who's buying in.

Nothing will get offshore unregulated exchanges shut down quicker than proof that nation states are using them.

I like how you're still not done with tether theories, lol, excellent analysis on that one btw, glad you're still on the case.

Also I like how seamlessly the story shifted from "China china china miners asics chinese money laundering" to I guess Russia and NK money laundering, top stuff here in GBS getting to the bottom of this shady crypto stuff.

Andy Dufresne
Aug 4, 2010

The only good race pace is suicide pace, and today looks like a good day to die
Lol what would you rather I post about in the buttcoin thread? You're clearly knowledge here, please tell me why tether isn't laundering money.

ephex
Nov 4, 2007





PHWOAR CRIMINAL
http://www.sixthtone.com/news/1001727/boy-coin-the-worlds-first-fan-made-cryptocurrency

junan_paalla
Dec 29, 2009

Seriously, do drugs

quote:

To believe these were legitimately issued and properly backed Tethers, one would also have to believe there was significant activity by large (presumably institutional) investors who wished to speculate in the cryptocurrency space and chose not to go with Coinbase, a U.S.-regulated cryptocurrency exchange based in San Francisco. Instead, these hypothetical investors willingly took on the risk of purchasing cryptocurrencies on unregulated exchanges, in addition to the inherent counterparty risk in Tether. And one has to believe that they did this even though these unregulated exchanges have a history of getting hacked, with customers losing their investments, and are known to facilitate various forms of fraud, including spoofing and wash trading.

From lawfare blog

There Bias Two
Jan 13, 2009
I'm not a good person


What an excessively long way to write, "You'd have to be an idiot to think this was legit."

Kobayashi
Aug 13, 2004

by Nyc_Tattoo

I’m the graph that stops in 2014.

Stink Billyums
Jul 7, 2006

MAGNUM

Kobayashi posted:

I’m the graph that stops in 2014.

Only registered members can see post attachments!

Rad Russian
Aug 15, 2007

Soviet Power Supreme!

Kobayashi posted:

I’m the graph that stops in 2014.

The graph has a QR code to which you need to send butts. That will make it go up more in the other years.

QuarkJets
Sep 8, 2008

Ham Sandwiches posted:

I like how you're still not done with tether theories, lol, excellent analysis on that one btw, glad you're still on the case.

Also I like how seamlessly the story shifted from "China china china miners asics chinese money laundering" to I guess Russia and NK money laundering, top stuff here in GBS getting to the bottom of this shady crypto stuff.

btc-e was directly implicated in being run by and laundering money for the russian mob you dumbshit

EorayMel
May 30, 2015

WE GET IT. YOU LOVE GUN JESUS. Toujours des fusils Bullpup Français.

QuarkJets posted:

btc-e was directly implicated in being run by and laundering money for the russian mob you dumbshit

Never forget the 24 hour "maintenance" shortly before he got busted by the cops and everything came tumbling down

Twinty Zuleps
May 10, 2008

by R. Guyovich
Lipstick Apathy
I love all the analyses of bitcoin that treat it like some naturally occurring phenomenon to be studied and modeled, like a graph for exponential population growth that says the mass of the descendants of 2 rabbits should have exceeded the mass of the entire Earth by 1976.

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Heath
Apr 30, 2008

🍂🎃🏞️💦

Wulfolme posted:

I love all the analyses of bitcoin that treat it like some naturally occurring phenomenon to be studied and modeled, like a graph for exponential population growth that says the mass of the descendants of 2 rabbits should have exceeded the mass of the entire Earth by 1976.

What do you mean? Rabbits have external controlling factors like wolves and food supplies. Bitcoin doesn't have those. It exists in a bubble, you might say

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