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Khorne
May 1, 2002

I Was The Fury posted:

Bitcoin will never drop below the floor of 11k but if it does then it obviously will be a sale that will never drop below 10k but if that happens (not a chance) then it will forever remain above 9k but if for some unfathomable reason it drops below that then the absolute floor is 7.5k and it can not drop any further but if it does then it definitely won't go below 5.5k and even if it goes below that it most certainly won't drop below 5k I promise.
You don't understand. This time it's about miner profitability of the large mining cartels.

Last time it was about profitability of GPU/CPU miners of altcoins.

And the time before that it was about [another bulletproof crypto reasoning exercise].

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ghosTTy
Sep 22, 2008

i've never said bitcoin won't drop below any level other than 6k, this is just more proof that all nocoiners can do is spread FUD :zoro:

ghosTTy
Sep 22, 2008

ghosTTy
Sep 22, 2008

ghosTTy
Sep 22, 2008



when u listen to nocoiners

Lambert
Apr 15, 2018

by Fluffdaddy
Fallen Rib
Kinda annoying the coiners are coming out of the woodwork because the price hasn't been falling for a few days.

Elias_Maluco
Aug 23, 2007
I need to sleep

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

So if the price is tied to bananas, why not just buy banana commodities instead?

I Was The Fury
Oct 19, 2012

Always stop to smell the flowers, just in case they're weeds

Burt Sexual posted:

So if the price is tied to bananas, why not just buy banana commodities instead?

uhhhh tithing you'll find that number go up only applies to various coins it all kinds except physical

jimmyjams
Jan 10, 2001


King Kong of Megadongs
Gobblin' them mega schlongs
Makin' sure they mega long
Stroke' 'em if they mega strong
shitcoin

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

Put this racist on ignore immediately!
I looked into this a long time ago. They want you to help them build a banana plantation. As someone who is not a banana farmer their rather detailed farm plan passed the smell test, so it's basically banana futures but with ethereum.

comedyblissoption
Mar 15, 2006

junan_paalla posted:

Most people in the space have never invested in anything in their life, so they think investing is just following price graphs, reading "industry news" from creepto news sites and shill medium articles and throwing your money at ticker symbols hoping they go up.
to be fair, this is what stock investing amounts to for most people

The Duchess Smackarse
May 8, 2012

by Lowtax
AAROcoin

wide stance
Jan 28, 2011

If there's more than one way to do a job, and one of those ways will result in disaster, then he will do it that way.
Problematic nocoiners. Burdensome, troublesome.

Waltzing Along
Jun 14, 2008

There's only one
Human race
Many faces
Everybody belongs here
https://www.youtube.com/watch?v=UqWwsUhrFBw

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?

I would blow Dane Cook posted:

Price is certainly important, but I look at it like this... if Bitcoin were a human female, price is her level of physical attractiveness... she's still developing and right now she's learning about the world, developing intellectual and social skills, figuring out her creative talents... some of us can already see how beautiful and smart she is, but that's because we've taken an active interest in getting to know her. As she get's older, more people are going to notice she's attractive and start showing more interest in her, but for now, she's not on their radar. For those watching her grow up, we already know she's going to be a heart breaker, and thankfully there are tons of bright minds making sure she'll have the brains to match.

You ever heard the phrase "putting lipstick on a pig"?

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?

I sincerely hope there really are people walking around in this shirt. And I hope I see one one day. :allears:

QuarkJets
Sep 8, 2008

Waltzing Along posted:

Are you really this stupid or is it an act?

that's a reddit quote from like... years and years ago

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

They left out the bit where they called the nocoiners tenured academic prostitutes :( 0/10

Rock Puncher
Jul 26, 2014
now is the time to invest in cat drug coupons

gary oldmans diary
Sep 26, 2005
i love how bitcoiners coined "fud" because subscribing to insular language totally doesnt identify you as someone who brainwashes themselves in an echo chamber. also lol at them being raging mad at other people for cashing out before you which lowers ceiling they can cash out at
the concept of other people trying to make money doing the same thing youre doing: :qq: "bitcgh! fuckj you gently caress you! fuuuudd! everyone was supposed to hold until at least after i sold. in the fantasy i have about my fake internet money"

MiddleOne
Feb 17, 2011

Waltzing Along posted:

I love how whenever it gradually drops it will spike up very quickly a few hundred. That seems totally legit.

In financial markets, people sometimes wrongly assume that there are 'bottoms' to assets for which the value is immaterial. The truth is that the only bottom is liquidation.

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
FUD = Facts U Dislike

putin is a cunt
Apr 5, 2007

BOY DO I SURE ENJOY TRASH. THERE'S NOTHING MORE I LOVE THAN TO SIT DOWN IN FRONT OF THE BIG SCREEN AND EAT A BIIIIG STEAMY BOWL OF SHIT. WARNER BROS CAN COME OVER TO MY HOUSE AND ASSFUCK MY MOM WHILE I WATCH AND I WOULD CERTIFY IT FRESH, NO QUESTION

gary oldmans diary posted:

i love how bitcoiners coined "fud" because subscribing to insular language totally doesnt identify you as someone who brainwashes themselves in an echo chamber. also lol at them being raging mad at other people for cashing out before you which lowers ceiling they can cash out at
the concept of other people trying to make money doing the same thing youre doing: :qq: "bitcgh! fuckj you gently caress you! fuuuudd! everyone was supposed to hold until at least after i sold. in the fantasy i have about my fake internet money"

they definitely didn't coin the term "FUD" but yeah the rest i agree with

putin is a cunt
Apr 5, 2007

BOY DO I SURE ENJOY TRASH. THERE'S NOTHING MORE I LOVE THAN TO SIT DOWN IN FRONT OF THE BIG SCREEN AND EAT A BIIIIG STEAMY BOWL OF SHIT. WARNER BROS CAN COME OVER TO MY HOUSE AND ASSFUCK MY MOM WHILE I WATCH AND I WOULD CERTIFY IT FRESH, NO QUESTION

ghosTTy posted:

i've never said bitcoin won't drop below any level other than 6k, this is just more proof that all nocoiners can do is spread FUD :zoro:

whats your (im sure) totally logical and rational reason for believing this

spankmeister
Jun 15, 2008






https://twitter.com/BithumbOfficial/status/1009240525159858177?s=19

gary oldmans diary
Sep 26, 2005
funds are safe

comedyblissoption
Mar 15, 2006

AARO
Mar 9, 2005

by Lowtax
As far as I'm concerned I won the argument. There are no public markets online selling that sick poo poo for Bitcoin.

If you know of somewhere that does sell it for Bitcoin you're probably a pedo. You deserve to die.

Blade Runner
Aug 14, 2015

"As far as I'm concerned I won that argument" is a good synopsis for Bitcoin in general yes

I would blow Dane Cook
Dec 26, 2008
The sort of retort I'd expect from a virginal no-hoper who spends his life volunteering for a trivial subreddit called "Buttcoin" in order to attain some modicum of authority to validate his hopeless existence, but, failing miserably even in this role to be taken seriously, must instead virtue signal to maintain the diaphanous facade of superiority that keeps suicide by auto-erotic asphyxiation at bay. As moderator of a geeky joke subreddit, whose self-styled duties include insulting others -- and doing so without wit or elegance -- you lose by default, you jaw-dislocatingly braindead cuntfaced body-pillow-loving cockjockey.

QuarkJets
Sep 8, 2008

AARO posted:

As far as I'm concerned I won the argument. There are no public markets online selling that sick poo poo for Bitcoin.

If you know of somewhere that does sell it for Bitcoin you're probably a pedo. You deserve to die.

I don't know what caused you to bring up your shameful meltdown out of the blue like this but thanks for letting us relive the hilarity I guess lol

the mere notion of bitcoin being used for child pornography got you so mad that you wound up posting a banme over it, like I know you were probably way too upset to read or even comprehend what people were telling you at the time but that's not the same as "winning"

bitcoin has been a favorite of kiddy diddlers for years, for the same reasons that drug dealers and hitmen and illegal weapon merchants have been using bitcoin for years (largely because bitcoiners falsely claimed that bitcoin is anonymous when it's only pseudonymous); the thread refusing to give you directions to a bitcoin market that sells kiddy porn is completely immaterial, and it's clear that very basic cognitive failures like the one that you've exhibited here are what led to you being such a huge cryptocurrency advocate

AARO
Mar 9, 2005

by Lowtax
So much for lossing gracefully.


Nice avatar.

Ad by Khad
Jul 25, 2007

Human Garbage
Watch me try to laugh this title off like the dickbag I am.

I also hang out with racists.
Idiot moron hell-fucker AARO steps on a rake, part 14:

Bleusilences
Jun 23, 2004

Be careful for what you wish for.

Bitcoin is a nice proof of concept, but was never meant to be use as an actual currency. There is way too many problem with it, like the fee per transaction (what used to be an argument vs payment processor) is almost equal to the transaction if you are not processing thousand of dollar transaction, which mean it is useless to use in a small transaction(a transaction like doing groceries) vs using something like visa or even amex in this case.

But that's just the tip of the iceberg, what is going on right now is the whole network is not energy efficient in the slightest. Some people estimate that the network as a whole take about 70 tW/h (wtf). I live in Quebec where electricity is pretty cheap and we have a surplus of it sometimes there is a lot of people asking to open mining operation. But these kind of operation are not cheap to power. The consumption one of such project is around 100 megawatt per hours... That is a gently caress ton. That means give them what they need the power company is going to have to build a sub station . We are talking here of a few millions dollars of infrastructures to power such endeavor. Even if they pay for it the reason we have this kind of power grid here is because our winter can be pretty cold. What will happen during a cold snap? Depending of the efficiency of the cooling system they might not consume has much power but you also cannot just use outside air to cool a server farm. Winter air is still too humid to just being let loose and it will create condensation that might damage the equipment.

In the end I think this might be the failing of bitcoin, it will not be the inside market pressure that will kill bitcoin. It will be good old hardware limitation because the network hunger for power and it will need more and more of it. A lot of people forget that computer produce heat and a lot of computer or data processor will produce a lot of heat. Especially bitcoin because it tax all the device to the maximum of it's capacity to solve an hash.

I always though that bitcoin was just an experiment and should have never been more then that. I am not saying that crypto currency has no future at all, just that Bitcoin was never meant to be what it is today and it is unsustainable in these conditions.

I am using these as a reference: https://digiconomist.net/bitcoin-energy-consumption
https://www.cbc.ca/news/canada/montreal/hydro-quebec-special-rates-bitcoin-miners-1.4537639

ymgve
Jan 2, 2004


:dukedog:
Offensive Clock
To ask the question AARO should have asked - have there been any police busts where they shut down sites that openly sold child porn? All of the shutdowns I know about were either marketplaces that were focused on drugs and did not allow child porn (Silk Road, Agora, Evolution etc), or sites where pedophiles swapped porn for free.

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?

AARO posted:

As far as I'm concerned I won the argument. There are no public markets online selling that sick poo poo for Bitcoin.

If you know of somewhere that does sell it for Bitcoin you're probably a pedo. You deserve to die.

Dude, stop asking. Even in this "wink wink" sense you're doing here.

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN

ymgve posted:

To ask the question AARO should have asked - have there been any police busts where they shut down sites that openly sold child porn? All of the shutdowns I know about were either marketplaces that were focused on drugs and did not allow child porn (Silk Road, Agora, Evolution etc), or sites where pedophiles swapped porn for free.

https://cryptoslate.com/south-koreas-top-court-orders-confiscation-of-bitcoin-recognizes-cryptocurrency-as-assets/

quote:

Appealing a September 2017 ruling that deemed such confiscation to be illegal, the Supreme Court will see $2.3 million worth of BTC confiscated from a 33-year old surnamed Ahn — the proprietor of a child pornography website.

(191 of 216 BTC) — having forensically identified the exact number of Bitcoin units paid for pornography.


:shrug:

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN
http://whnt.com/2018/03/13/investigation-into-child-porn-web-site-in-colorado-leads-to-local-mans-arrest/

quote:

The sheriff's office confirmed Carver was downloading child pornography off the site. A few weeks ago, authorities searched his home and found the downloaded images. He was arrested and booked on a $100,000 bond.

The sheriff's office says what's interesting is how federal investigators tracked Carver down. Officials say he was using Bitcoin to purchase the child pornography.


Oh hey and from today:

http://www.dailymail.co.uk/news/article-5864151/Australian-police-help-arrest-couple-Ukraine-filmed-having-sex-daughter.html

quote:

A couple allegedly filmed themselves having sex with their four-year-old daughter before selling the child porn for $70 in Australia.

The couple were selling the videos 'to Australia and Asia for cryptocurrency,' said one report.

COMRADES fucked around with this message at 12:58 on Jun 20, 2018

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Nessus
Dec 22, 2003

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



The next swerve will be "sure they sold child porn for bitcoin but they didn't sell it *on a dark net market*", eh Aaro?

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