Bitcoin: no angel investors, only Faustian bargains

The Something Awful Forums > Main > General Bullshit > Bitcoin: no angel investors, only Faustian bargains

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VictorianQueerLit: Aug 25, 2017

RIP AARO, you threw yourself on a radium fire to avoid the rapsheet you knew you were going to get

# ? Jun 11, 2018 10:57

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# ? May 30, 2024 08:19

I would blow Dane Cook: Dec 26, 2008

The 11% drop is obviously explained by National Iced Tea Day -- iced tea is a very popular beverage and so the weak hands are trading their BTC for fiat to stock up on iced tea. The selling pressure is only temporary and the price is due to rise over the next week as the very large community of cryptoenthusiasts prepare to gift Bitcoin for Father's Day next week.

# ? Jun 11, 2018 11:26

Tashilicious: Jul 17, 2016; by Jeffrey of YOSPOS

Coincheck got hacked, thats the sudden drop.

# ? Jun 11, 2018 11:56

ilmucche: Mar 16, 2016; What did you say the strategy was?

Tashilicious posted:

Coincheck got hacked, thats the sudden drop.

Scarcity up, number go up! Keep your coins in your personal wallet instead of the exchanges!

# ? Jun 11, 2018 12:24

Adar: Jul 27, 2001

Tashilicious posted:

Coincheck got hacked, thats the sudden drop.

That exchange has 3m a day in volume and has nothing to do with anything. It�s just a typical drop due to something or other, eventually followed by an equally large number go up because something or other. Now that it�s not obviously in the parabolic stage of a bubble or a parabolic decline, the market is easier to manipulate and less predictable.

Dogpiling on AARO for an obvious poorly written rhetorical statement is pretty stupid but since Cardano is going to zero sooner or later a meltdown was inevitable anyway.

# ? Jun 11, 2018 12:39

ghosTTy: Sep 22, 2008

if bitcoin goes below 6k it's over and none of us will make it

# ? Jun 11, 2018 13:54

Frumply: Dec 7, 2004

I haven't read this thread since January but has anyone ITT realized how bad it is that bitcoin went from like 21k to 6.5k in less than a year? Someone had to buy coins in the downward market and lose a bunch of money because idiots won't stop talking about how cyptocurreny is somehow an amazing investment vehicle for very smart forward thinking individuals.

# ? Jun 11, 2018 14:03

Waltzing Along: Jun 14, 2008; There's only one
Human race
Many faces
Everybody belongs here

Frumply posted:

I haven't read this thread since January but has anyone ITT realized how bad it is that bitcoin went from like 21k to 6.5k in less than a year? Someone had to buy coins in the downward market and lose a bunch of money because idiots won't stop talking about how cyptocurreny is somehow an amazing investment vehicle for very smart forward thinking individuals.

Everyone who buys and sells bitcoin/crypto is either an rear end in a top hat or an idiot or both.

# ? Jun 11, 2018 14:29

Pimblor: Sep 13, 2003; bob; Grimey Drawer

ghosTTy posted:

if bitcoin goes below 6k it's over and none of us will make it

and how!

# ? Jun 11, 2018 14:32

Inept: Jul 8, 2003

Adar posted:

Dogpiling on AARO for an obvious poorly written rhetorical statement is pretty stupid

Nah it is cool and owns. he made a dumb as hell post and had a meltdown instead of admitting he was a moron

# ? Jun 11, 2018 14:45

junan_paalla: Dec 29, 2009; Seriously, do drugs

Frumply posted:

I haven't read this thread since January but has anyone ITT realized how bad it is that bitcoin went from like 21k to 6.5k in less than a year? Someone had to buy coins in the downward market and lose a bunch of money because idiots won't stop talking about how cyptocurreny is somehow an amazing investment vehicle for very smart forward thinking individuals.

But you only lose money when you sell !! Because bad investments must always go back up, that's just basic market cycles.

# ? Jun 11, 2018 14:56

Burt Sexual: Jan 26, 2006; by Jeffrey of YOSPOS; Switchblade Switcharoo

Is aaro banned? His av still show up for me.

# ? Jun 11, 2018 15:00

EorayMel: May 30, 2015; WE GET IT. YOU LOVE GUN JESUS. Toujours des fusils Bullpup Fran�ais.

Burt Sexual posted:

Is aaro banned? His av still show up for me.

From what I can gather, he made this amazing post:

AARO posted:

Just go ahead and post the name of the dark net market that allows child porn. I'll wait.

E: if a market was sick and stupid enough to do this there would be a huge boycott. Drug users are, for the most part, decent human beings.

Also in third world countries with human trafficking of children for sex I guarantee they are using either the local currency or US dollars which are used all around the world.

I'm not an idiot though so I won't claim using US dollars aids pedophiles.

Then got mocked at for it, posted a failed goatse banme thread which he had to lock since people were still dunking on him, then finally made an autoban tagged thread.

Autobans still keep the goon's avatar intact instead of the BANNED BY ADMIN one. Appearing as if he never got banned.

Do what will you will with this information.

# ? Jun 11, 2018 15:08

du -hast: Mar 12, 2003; BEHEAD THOSE WHO INSULT GENTOO

EorayMel posted:

From what I can gather, he made this amazing post:

Then got mocked at for it, posted a failed goatse banme thread which he had to lock since people were still dunking on him, then finally made an autoban tagged thread.

Autobans still keep the goon's avatar intact instead of the BANNED BY ADMIN one. Appearing as if he never got banned.

Do what will you will with this information.

I don't think the autoban kicked in on this one - otherwise he wouldn't have been able to keep posting afterwards. Also I think it says "user was banned for this post" on auto bans.

# ? Jun 11, 2018 15:30

Pendent: Nov 16, 2011; The bonds of blood transcend all others.
But no blood runs stronger than that of Sanguinius; Grimey Drawer

His rap sheet has the ban at least.

Might I say this entire incident was simply amazing to wake up to. Nothing like having a good laugh first thing in the morning.

# ? Jun 11, 2018 15:33

Slightly Absurd: Mar 22, 2004

loving lol at this thread

# ? Jun 11, 2018 15:36

Burt Sexual: Jan 26, 2006; by Jeffrey of YOSPOS; Switchblade Switcharoo

Pendent posted:

His rap sheet has the ban at least.

Might I say this entire incident was simply amazing to wake up to. Nothing like having a good laugh first thing in the morning.

Yeah, I don't think he was legit asking for CP, but incredibly poorly worded ask for a proof point (for an incredibly bad hill to die on). But he may have self rectified the problem so :shrug:

# ? Jun 11, 2018 15:51

Frumply: Dec 7, 2004

If you had the option of buying a car or a bitcoin for 21k; the car was a better investment. lol

# ? Jun 11, 2018 15:54

ChaseSP: Mar 25, 2013

rip Aaro, may he be brought to bitheaven by whirling gpu fans.

# ? Jun 11, 2018 15:57

The Duchess Smackarse: May 8, 2012; by Lowtax

He'll re-reg

# ? Jun 11, 2018 16:01

Waltzing Along: Jun 14, 2008; There's only one
Human race
Many faces
Everybody belongs here

Jimmy Hats posted:

He'll re-reg

Yeah. Probably why he auto-banned.

We need a mod to ban him for being a pedo so it's on his record.

# ? Jun 11, 2018 16:04

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

Put this racist on ignore immediately!

AARO has somewhat of a point because most CP is distributed non-commercially like any other illegal digital good. The Urban Institute put out a paper estimating the size of the underground sex economy (348 page PDF). Here's a long excerpt from the section on child pornography:

quote:

Cost
The availability of free child pornography has resulted in an unwillingness to pay for images and distrust of anyone who charges for material. In the sample, only one individual (5 percent) had ever purchased child pornography, though seven individuals (33 percent) paid for services to support downloading child pornography. These expenses included fees for creating or upgrading P2P or newsgroup accounts, as well as anonymizer services to ensure privacy. One respondent explained this distinction: "I have paid for the method by which I collected child pornography. I�ve never paid for a picture or video. I paid for access to the people I communicated with. (C7)"

Some websites required users to pay to for a password in order to access a site. Offenders cited these fees as ranging from $10 a month to $30 a week, though they could circumvent these fees by networking with administrators, who would supply free usernames and passwords. Webb, Craissati, and Keen (2007) found that nearly half of London-area Internet child pornography sex offenders in their sample reported paying to view images, though they do not specify if this payment was for pornographic material or to access file sharing programs.

Law enforcement reported that some individuals use alternative means to pay for child pornography, including child pornographers creating Amazon wish lists that others will buy gifts from in exchange for images. Other individuals may also send gifts to children through the mail to entice them into sending images or videos of themselves.

With the abundance of free material, offenders were suspicious of websites or individuals that charged for material. When asked if he had ever paid for child pornography, one respondent answered, �The most basic way I can say it is �Why pay?� � I guess I just assumed that anyone asking for money was a sting� (A6). Other offenders had similar responses, indicating they expected that any site or individual who charged for child pornography was either law enforcement or a scam. As Jenkins (2001, 91) reports, �There are instances in which money changes hands and videos are sold, but many web sites that demand payment for access are bogus, and anyone gullible enough to pay will, if he is lucky, just lose the price of admission; if he is less fortunate, he will have earned a visit from the FBI.�

Purchasing pornographic material may also affect how an individual perceives their involvement in an illegal activity. When asked if he ever paid for child pornography, one offender replied, �I couldn�t see myself doing that. It seemed wrong on a different level� (D1). Without the exchange of money, another offender did not see his actions as supporting child abuse: "It�s like when you�re buying drugs you�re supporting crime or supporting terrorism. They aren�t getting any money from me to do any bad things or other things. (B1)"

One offender acknowledged that purchasing images could ensure quality and remove the time-intensive process of searching for images. When asked if he had ever been approached to pay for child pornography, he responded:
"There are certain things that pop up offering to charge, but this was ridiculous and everyone laughed at it because everything else was free. The people that pay are looking for whole sets at one time�easy, instant gratification. The website offers to download a whole series for a certain price � instead of hunting down images yourself. (B1)"

Two of the respondents (10 percent) had sold child pornography. One auctioned off his research services on eBay, charging $200 per disc. Another offender charged between $300 to $400 per disc, each of which held approximately 500 images, which he would mail to customers� post office boxes. This respondent described his customers as individuals who were nervous to go online: �Most of the hustle was guys [who] were afraid to go on sites and use their credit cards. They are scared to download it of course� (I1). Additionally, this offender charged $75 to watch a family member live on a webcam, where viewers could make requests, such as dressing the victim in specific outfits. Stakeholders reported that using video chat to make requests and direct live child pornography has become a recent trend.

# ? Jun 11, 2018 16:45

Waltzing Along: Jun 14, 2008; There's only one
Human race
Many faces
Everybody belongs here

Gobbeldygook posted:

AARO has somewhat of a point because most CP is distributed non-commercially like any other illegal digital good. The Urban Institute put out a paper estimating the size of the underground sex economy (348 page PDF). Here's a long excerpt from the section on child pornography:

So you are white knighting the guy who was looking for CP and to double down you did research on it, as well.

Here's a shovel. Keep going.

# ? Jun 11, 2018 16:47

Comfy Fleece Sweater: Apr 2, 2013; You see, but you do not observe.

My shovels are graphics cards, and I dig(mine) for digital gold(bitcoin)

While you play Call of Duty I�m changing the world

Troll me? Whatever, when you need the bitcoin you will come to me and it will be more expensive than today

# ? Jun 11, 2018 16:55

Lambert: Apr 15, 2018; by Fluffdaddy; Fallen Rib

Why do autobans even exist? Some needs to explain SA to me.

# ? Jun 11, 2018 17:08

Who What Now: Sep 10, 2006; by Azathoth

Lambert posted:

Why do autobans even exist? Some needs to explain SA to me.

It's the cowards way out.

# ? Jun 11, 2018 17:37

Sickening: Jul 16, 2007; Black summer was the best summer.

AARO posted:

Just go ahead and post the name of the dark net market that allows child porn. I'll wait.

E: if a market was sick and stupid enough to do this there would be a huge boycott. Drug users are, for the most part, decent human beings.

Also in third world countries with human trafficking of children for sex I guarantee they are using either the local currency or US dollars which are used all around the world.

I'm not an idiot though so I won't claim using US dollars aids pedophiles.

You are the dumbest mother fucker alive.

QuarkJets posted:

AARO straight up asking for child porn referrals in the bitcoin thread lol

Sickening fucked around with this message at 17:48 on Jun 11, 2018

# ? Jun 11, 2018 17:43

Waltzing Along: Jun 14, 2008; There's only one
Human race
Many faces
Everybody belongs here

Lambert posted:

Why do autobans even exist? Some needs to explain SA to me.

A way to earn $10 from people who are unfamiliar with the rules. Or in my case, because the phone I had a long time ago had a lovely touch screen and when I scrolled down to hit the post button, it changed my tag from "question" to one of the auto-bans. loving lame as hell, really. Or in the case of a pedo, a way to try to skirt a true ban.

# ? Jun 11, 2018 17:55

Honky Dong Country: Feb 11, 2015

drat poo poo got real in here.

Also: Buttcoin.

# ? Jun 11, 2018 18:19

TapTheForwardAssist: Apr 9, 2007; Pretty Little Lyres

Burt Sexual posted:

But he may have self rectified the problem so

Rectified? drat near banned 'im!

# ? Jun 11, 2018 19:08

George H.W. Cunt: Oct 6, 2010

Lmbo being the one guy buying cp

# ? Jun 11, 2018 19:12

Waffle House: Oct 27, 2004; You follow the path
fitting into an infinite pattern.

Yours to manipulate, to destroy and rebuild.

Now, in the quantum moment
before the closure
when all become one.

One moment left.
One point of space and time.

I know who you are.

You are Destiny.

ghosTTy posted:

if bitcoin goes below 6k it's over and none of us will make it

I love watching it mysteriously bounce off $6k on the backs of a billion autoтяаdеs every time it starts cratering hard

# ? Jun 11, 2018 19:24

AARP LARPer: Feb 19, 2005; THE DARK SIDE OF SCIENCE BREEDS A WEAPON OF WAR; Buglord

That was a spicy meltdown!

# ? Jun 11, 2018 19:28

Dr. Fishopolis: Aug 31, 2004; ROBOT

hey so I hear bitcoin is pretty crazy these days i wonder what this thread thinks of...

oh...

oh no.

uh, ok um i'll come back later

# ? Jun 11, 2018 19:41

Risc1911: Mar 1, 2016

A group of hackers has stolen over $20 million worth of Ethereum from Ethereum-based apps and mining rigs, Chinese cyber-security firm Qihoo 360 Netlab reported today.

The cause of these thefts is Ethereum software applications that have been configured to expose an RPC [Remote Procedure Call] interface on port 8545.

https://www.bleepingcomputer.com/news/security/hackers-stole-over-20-million-from-misconfigured-ethereum-clients/

# ? Jun 11, 2018 19:50

Elias_Maluco: Aug 23, 2007; I need to sleep

https://twitter.com/ianbremmer/status/1006246185903026176

# ? Jun 11, 2018 19:52

gary oldmans diary: Sep 26, 2005

Adar posted:

Dogpiling on AARO for an obvious poorly written rhetorical statement is pretty stupid

you or me or almost anyone else in the thread could have immediately reacted to the realization of a slip of the tongue like a normal person and it would have faded away starting with our next post. but aaro has a debilitating condition called bitcoin-brain and melted down in a hilarious fashion enjoyable to all who witnessed it

other than that he did incidentally ask for a place he could buy some child pornography and everyone enjoys seeing someone fail to evade a ban so i hope he re-regs

# ? Jun 11, 2018 19:52

Risc1911: Mar 1, 2016

Scams are so normalised in cryptocurrencies that there's a website to track them:
https://etherscamdb.info/scams

# ? Jun 11, 2018 20:03

QuarkJets: Sep 8, 2008

AARO has been throwing tantrums over inconsequential poo poo for years. He posted his banme after only two people had responded to him with "um actually pedophiles do use bitcoin". The dogpile was pretty obviously a response to that meltdown because he was getting very upset over basically nothing

# ? Jun 11, 2018 20:05

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# ? May 30, 2024 08:19

Comfy Fleece Sweater: Apr 2, 2013; You see, but you do not observe.

Risc1911 posted:

Scams are so normalised in cryptocurrencies that there's a website to track them:
https://etherscamdb.info/scams

And there�s no scams in the old fiat trash financial system? Do you remember 2008?

These scams just legitimize crypto as having value and being very good for business - ppl want Monero and siacoin!!!!

# ? Jun 11, 2018 20:12

The Something Awful Forums > Main > General Bullshit > Bitcoin: no angel investors, only Faustian bargains

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