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In our Series: Fun with ICO's i present to you, "gently caress off with your 8 million" Coin: https://bgx.ai/ Promise: Mobile Decentralized Butts Processing White Paper: Woke Timeline: Hypervirtualized  ...to be continued
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Apr 27, 2018 14:12
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CZ seems like a boss-level entrepreneur, would be very interested in hearing his story. I can be a oval office as much as the next goon, but I admire highly successful people and try to learn something from them.
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Apr 27, 2018 14:13
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Risc1911 posted:In our Series: Fun with ICO's i present to you, I'm not sure why I like this as much as I do from the Tokenomics page of their website: Totally not a scam posted:Changing of goals after start of ICO: Impossible I also appreciate the "Crowdsale Softdcap: $4 000 000 USD"
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Apr 27, 2018 14:32
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wide stance posted:. With Elon, I'm learning to quote people without referencing them and taking the credit. An inspiration.
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Apr 27, 2018 16:05
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https://www.cnbc.com/2018/04/26/there-are-now-17-million-bitcoins-in-existence--only-4-million-left-to-mine.html More than 80 percent of the bitcoins that will ever exist have now been created. The 17 millionth bitcoin was "mined" Thursday, according to data from Blockchain.info, more than a year since the number of coins topped 16 million. But only 21 million bitcoins will ever exist, according to the design of the cryptocurrency's anonymous founder known as "Satoshi Nakamoto." "It's an event that makes the market more aware of the scarcity of bitcoin. It will eventually turn into higher prices," said Ansel Lindner, a bitcoin investor and host of the "Bitcoin & Markets" podcast. He expects this year, bitcoin could surpass its record high of more than $19,000 hit in December. Bitcoin traded near $8,900 midday Thursday, down roughly 35 percent for the year so far. The cryptocurrency is created through an energy intensive process in which miners use high computing power to solve complex mathematical equations. They then receive the bitcoins as a reward, whose amount is halved over time. As a result, the bitcoin creation process is generally slowing down, although it can vary with the number of miners participating. The first bitcoins were mined in January 2009. Blockchain.info data shows it took about 200 days to reach the first 1 million coins, but the run to 17 million has taken more than 500 days — the number of bitcoins topped 16 million in November 2016. The remaining 4 million coins aren't expected to be mined completely for another 122 years. The 17 millionth bitcoin "serves as a timely reminder that despite bitcoin's volatility the fundamentals have never been stronger!" Brandon Williams of cryptocurrency trading firm Cosima Capital, said in an email. "Not only have there been improvements in scaling and lowering transaction fees (i.e. SegWit and Lightning Network), but bitcoin is finite!" he said. And against limited supply, Williams expects demand from institutional investors to increase, which should send prices higher. A significant number of bitcoins are also not in circulation. An estimated 980,000 coins, or 4.7 percent of all bitcoins that will ever exist, belong to Satoshi, according to widely accepted analysis by Sergio Demian Lerner.
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Apr 27, 2018 17:07
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So how much will the transaction costs have to go up to keep enough of the network alive? Alternatively what are the odds that we just sweep this whole limit thing under the rug? E: stupid internet drama is as close to sports betting as I usually get. nomad2020 fucked around with this message at 20:54 on Apr 27, 2018 |
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Apr 27, 2018 20:33
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That’s not how over / under works
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Apr 27, 2018 20:36
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I take it comfy is in at 500/1 against.
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Apr 27, 2018 20:51
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ghosTTy posted:i'm starting to get the feeling you don't like technological or economic progress On the contrary, it's my job to push the cutting edge of my field. Innovation is what I do for a living What I don't like is a technology like blockchain being proposed as the definitive solution for every problem under the sun, since it doesn't fit well in 99% of cases. I don't mind clumsy proposals from people who aren't aware of the superior alternatives. However, these proposals often don't come from a place of authenticity, and their supporters are just trying to make a buck. QuarkJets fucked around with this message at 22:16 on Apr 27, 2018 |
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Apr 27, 2018 22:14
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nomad2020 posted:So how much will the transaction costs have to go up to keep enough of the network alive? there's off chain solutions like lightning network so transaction costs aren't as big a deal anymore
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Apr 27, 2018 22:36
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QuarkJets posted:What I don't like is a technology like blockchain being proposed as the definitive solution for every problem under the sun, since it doesn't fit well in 99% of cases. I don't mind clumsy proposals from people who aren't aware of the superior alternatives. However, these proposals often don't come from a place of authenticity, and their supporters are just trying to make a buck. Yeah, somebody should set up a blockchain solution to vet suggestions to reward the good ones and filter out the stupid ones. If you
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Apr 27, 2018 22:40
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Is today a good day to buy bitcoins?
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Apr 27, 2018 23:28
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numberoneposter posted:Is today a good day to buy bitcoins? Buy them from Sweater for $19k/apiece. If you can convince him to sell at that low price you can do anything I believe in you!
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Apr 27, 2018 23:38
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zaurg posted:Yeah but one day they'll be right and Bitcoin will crash again How much have you made off of crypto again?
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Apr 27, 2018 23:45
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DerekSmartymans posted:Buy them from Sweater for $19k/apiece. If you can convince him to sell at that low price you can do anything I believe in you! Just lol if you think I’m not HODLing strong #irongrip
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Apr 27, 2018 23:46
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Comfy Fleece Sweater posted:Just lol if you think I’m not HODLing strong #irongrip "convince"
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Apr 27, 2018 23:52
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in civil war news, apparently bitcoin cash supporters are trying to send bitcoin cash to vendors who only accept bitcoin and then getting upset when the vendor doesn't accept bitcoin cash
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Apr 28, 2018 00:01
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ghosTTy posted:there's off chain solutions like lightning network so transaction costs aren't as big a deal anymore
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Apr 28, 2018 00:03
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ghosTTy posted:there's off chain solutions like lightning network so transaction costs aren't as big a deal anymore But aren’t fees supposed to pay the miners to secure the network? When there are no more new coins to be had, in the absence of high fees, why would people mine?
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Apr 28, 2018 00:16
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Tacky-rear end Rococco posted:But aren’t fees supposed to pay the miners to secure the network? When there are no more new coins to be had, in the absence of high fees, why would people mine? The proof of work is done on enough bitcoins that we can just turn off all the miners tonight and trade tokens representing their value. Something like a piece of toilet paper with a guys face on it.
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Apr 28, 2018 00:25
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zedprime posted:The proof of work is done on enough bitcoins that we can just turn off all the miners tonight and trade tokens representing their value. Something like a piece of toilet paper with a guys poo poo on it. FTFY
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Apr 28, 2018 00:47
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ghosTTy posted:there's off chain solutions like lightning network so transaction costs aren't as big a deal anymore
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Apr 28, 2018 01:07
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Inept posted:How much have you made off of crypto again? I'm gonna have to get back to you on that.
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Apr 28, 2018 03:23
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if bitcoin goes down. youre just not believing hard enough
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Apr 28, 2018 03:28
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I short sell bitcoins so I gain money when the price goes down. I also own bitcoins so I gain money when the price goes up. You literally cannot lose money if you invest in Bitcoins.
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Apr 28, 2018 18:03
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Decrepus posted:I short sell bitcoins so I gain money when the price goes down. I also own bitcoins so I gain money when the price goes up. You literally cannot lose money if you invest in Bitcoins. Easy to explain for smart crypto holders, but goons can’t understand this... smh
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Apr 28, 2018 18:33
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if i show up to best buy when it opens will that be a good enough effort to get an nvidia volta card the day theyre released?
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Apr 28, 2018 18:41
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Decrepus posted:I short sell bitcoins so I gain money when the price goes down. I also own bitcoins so I gain money when the price goes up. You literally cannot lose money if you invest in Bitcoins. What about when the exchange is hacked or embezzled? Isn't shorting losing money when price only goes up?
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Apr 29, 2018 02:38
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isndl posted:What about when the exchange is hacked or embezzled? Isn't shorting losing money when price only goes up? Then weak hands has transfered to strong hands. This ensures only smart people have the coins and wealth and thus better for mankind.
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Apr 29, 2018 02:44
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Holy poo poo it's back up to $10,000? God people are loving retarded.
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Apr 29, 2018 02:49
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Waffle House posted:Holy poo poo it's back up to $10,000? I know It was too easy to buy the dip and yet people were saying bitcoin was dead for sure this time... smh You could’ve earned 40% on your investment in a month....
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Apr 29, 2018 03:20
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Waffle House posted:God people are loving retarded for not buying Bitcoin. 
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Apr 29, 2018 03:20
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Comfy Fleece Sweater posted:I know They're retarded to sell now if they bought at the dip since it will reach 20k soon.
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Apr 29, 2018 05:09
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Uranium 235 posted:fixed You are not wrong, which means we are witness to this rare quantum superposition of objectively, totally retarded poo poo. Every single goddamn angle, maximum retarded. Straight to 11.
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Apr 29, 2018 05:19
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wid posted:They're retarded to sell now if they bought at the dip since it will reach 20k soon. Lol why would you sell before 200k? If you’re not putting your salary on bitcoin... just smdh.... but goons.... goons never learn............
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Apr 29, 2018 05:19
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Comfy Fleece Sweater posted:Lol why would you sell before 200k?
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Apr 29, 2018 06:08
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I have nothing to add but just wanted to say that I remember bepis.txt and laugh irl at least a few times a week ever since it happened.
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Apr 29, 2018 10:08
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all the fun went out of this for me when i came to the conclusion that the price exists at the will of the people running the exchanges and theyre just stripping money off of everyone margin trading by swinging the price up and down at will 8000 means nothing, 800 would mean nothing and 80000 would mean nothing.
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Apr 29, 2018 10:17
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Comfy Fleece Sweater posted:Lol why would you sell before 200k? 200k? Feh. That's only for weak willed peasants. 2 million is where I would suggest it's worth it to cash out some. Think of it. Just turn all of your savings to bitcoins now then sell just one to be a millionaire. You're only missing out if you're still holding on to fiat.
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Apr 29, 2018 11:12
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Wulfolme posted:all the fun went out of this for me when i came to the conclusion that the price exists at the will of the people running the exchanges and theyre just stripping money off of everyone margin trading by swinging the price up and down at will lol
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Apr 29, 2018 12:35
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