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Nessus posted:the people were less rude except for all the rape
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Sep 1, 2018 06:40
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Dogecoin is the light and the way 🐶
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Sep 1, 2018 07:21
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feelix posted:Their nature is irrelevant, things are worth what people believe they're worth. I want crypto to fail too because of the sort of people that believe in it currently, but if the average joe starts believing in it, it's game over man. The average joe already put and lost his money in this, it's never going back to $20k again.
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Sep 1, 2018 09:27
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mike12345 posted:Had to check if the pope really tweeted something that sounds like the Nike marketing department. Not sure why they doctored it, but the original message is "we communicate life". Or maybe he deleted it, whatever weird The phony Pope can be identified by his Nike sneakers and incredibly foul mouth.
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Sep 1, 2018 09:32
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Financial news sites are all trash anyways, doesn't really matter they are listing scamcoins as well.
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Sep 1, 2018 10:05
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Klyith posted:market caps aren't real value, or representative in any way of actual money that's gone into or been extracted from butts the thing about bank loans is they're usually collateralized by, say, equity, or a house, or something other than shitcoins you just minted so I'm afraid that yes they're all millionaires. sure, marketcap is shorthand at best, but since any given individual with less than eight figs of a shitcoin on a major exchange can cash out without dipping the price too far...
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Sep 1, 2018 14:14
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Please invest in Smother (tm). Each dollar you spend is worth a quarter and you can use it to buy dow jones bucks.
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Sep 1, 2018 16:24
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Adar posted:sure, marketcap is shorthand at best, but since any given individual with less than eight figs of a shitcoin on a major exchange can cash out without dipping the price too far... lol. And don't forget, the only people losing money are institutional investors from far away places.
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Sep 1, 2018 17:54
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Adar posted:the thing about bank loans is they're usually collateralized by, say, equity, or a house, or something it's an analogy you dingus. if a judge looks at your ICO and says "you make promises about what you'd do with the money that are substantially the same as an investment offering" then good luck insisting that what people were paying for was just digital tokens. magic law spells don't work for sovereign citizens and they won't work for altcoiners who sold ICOs with claims of actual business purpose. if Eripsa's friends got $10 million dollars and then just pocketed it while posting on the internet about how great their attention-economy coin is, they should eventually expect to be sued by everyone who handed them money. and possibly the SEC.
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Sep 1, 2018 20:44
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Klyith posted:it's an analogy you dingus. I'd happily place a bet on less than 10% ever getting sued, but that would require one of the several prediction market ICOs to work well enough to do that, so I guess we'll have to see in a few years
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Sep 1, 2018 21:18
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Adar posted:I'd happily place a bet on less than 10% ever getting sued, but that would require one of the several prediction market ICOs to work well enough to do that, so I guess we'll have to see in a few years depends how the Unikoin suit goes, I'd think. the suit doesn't mention the Munchee admin order, but it certainly reads like it used it as its template.
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Sep 1, 2018 21:35
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Adar posted:I'd happily place a bet on less than 10% ever getting sued, but that would require one of the several prediction market ICOs to work well enough to do that, so I guess we'll have to see in a few years Well sure. Probably less than 10% even, there were an awful lot of "bitcoin for x" ICOs and most of them made bupkus for money. It's the smaller number that got substantial sums of "investment" that have to worry, but those are the people we're supposed to be envious of right? Stupid goonies, while you were writing posts mocking the attention economy, Eripsa was mastering the blockchain. And even from that group, there are some that don't have to worry: the ones that spend the next few years actually doing work to make bananacoin or whatever into something that could theoretically return value to the investors. Work that involves more than just flying to the next crypt-conference to promote bananacoin, which is most of what these assholes seem to do. More lambos = more lawsuits. Don't get me wrong, this would be a lucrative way to waste a couple years -- but it's still work.
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Sep 1, 2018 23:07
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Klyith posted:Well sure. Probably less than 10% even, there were an awful lot of "bitcoin for x" ICOs and most of them made bupkus for money. dude, if what you got from my post was secondhand envy instead of whatever that massive facepalm smiley is, you probably need some sarcasmcoin
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Sep 1, 2018 23:30
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Adar posted:dude, if what you got from my post was secondhand envy instead of whatever that massive facepalm smiley is, you probably need some sarcasmcoin You are our resident coinhead.
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Sep 1, 2018 23:37
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Lambert posted:You are our resident coinhead. nah
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Sep 1, 2018 23:40
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Double Bill posted:The average joe already put and lost his money in this, it's never going back to $20k again. No matter what reasonable sampling and weighing you use for your average, the "average" person has not been touched by crypto at all, stop seeing everything through the lens of Internet forums
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Sep 2, 2018 01:33
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is every bitcoin believer just ignoring tether or too stupid to understand what tether is doing? the answer is yes
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Sep 2, 2018 03:44
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feelix posted:No matter what reasonable sampling and weighing you use for your average, the "average" person has not been touched by crypto at all, stop seeing everything through the lens of Internet forums I certainly heard plenty of people talking about "investing" in Bitcoin during the ramp up in 2017. And the press was fanning the flames extensively. Lambert fucked around with this message at 09:02 on Sep 2, 2018 |
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Sep 2, 2018 08:45
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i took "the average joe" to mean "the average joe who would ever have touched cryptocurrency". because context and sometimes i a word out too
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Sep 2, 2018 09:40
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let it mellow posted:is every bitcoin believer just ignoring tether or too stupid to understand what tether is doing? Willful ignorance. A completely unqualified lawfirm (that also had a conflict of interest) did a pseudo-audit and gave Tether and Bitfinex a thumbs up, so clearly everything is just fine! Anyone who questions that is spreading FUD and should be ignored!
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Sep 2, 2018 11:57
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the average joe doesn't invest in anything at all so yeah, I just assumed that the OP was setting aside that huge percentage of people and was thinking of the average of whatever was left
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Sep 2, 2018 13:05
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Words of wisdom from the amber forum:quote:Bitcoin uses 935 kWh per transaction. The average home in the US uses 897 kWh per month. It has almost doubled since May. Nerds :clap: Will :clap: Unironically :clap: Destroy :clap: The :clap: Earth
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Sep 2, 2018 16:05
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That's loving ridiculous and this pyramid scam should be shut the gently caress down already jfc.
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Sep 2, 2018 17:28
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Holy poo poo that's crazy. So I'm guessing the jokes about cryptocoins using as much power as a small country actually aren't that far off the mark. Now I'm depressed as just how loving stupid people are.
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Sep 2, 2018 17:39
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katka posted:Holy poo poo that's crazy. So I'm guessing the jokes about cryptocoins using as much power as a small country actually aren't that far off the mark. they were never jokes
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Sep 2, 2018 17:44
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katka posted:Holy poo poo that's crazy. So I'm guessing the jokes about cryptocoins using as much power as a small country actually aren't that far off the mark.  Lambert posted:I certainly heard plenty of people talking about "investing" in Bitcoin during the ramp up in 2017. And the press was fanning the flames extensively.
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Sep 2, 2018 17:59
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https://twitter.com/thetomzone/status/1036302038295105536
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Sep 2, 2018 18:41
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im pleased to announce diarycoin, a blockchain-powered token that will alter the way i retire
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Sep 2, 2018 19:38
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Yeah unfortunately the joke with the power consumption is that it's completely true. Cryptocurrencies are the least efficient systems every created in all of human history
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Sep 2, 2018 19:58
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Sorta unrelated, but is North Korea connected to other countries electricity networks? How do we know North Korean electricity usage?
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Sep 2, 2018 21:32
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The power consumption problem will doom bitcoin at some point; it just a matter of time now because even if they able to starve off the power consumption problem needed for the system, the difficulty increase exponentially and it will hit a point of no return. Power companies will just refuse to give them power that can be use for an hospital, a factory or an actual small city. source: https://bitinfocharts.com/comparison/bitcoin-difficulty.html
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Sep 2, 2018 21:36
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Bleusilences posted:The power consumption problem will doom bitcoin at some point; it just a matter of time now because even if they able to starve off the power consumption problem needed for the system, the difficulty increase exponentially and it will hit a point of no return. Power companies will just refuse to give them power that can be use for an hospital, a factory or an actual small city. boy I better not hear you spreading that socialist propaganda around here again or I'll take away your moonshine for a month
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Sep 2, 2018 22:17
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Bleusilences posted:The power consumption problem will doom bitcoin at some point; it just a matter of time now because even if they able to starve off the power consumption problem needed for the system, the difficulty increase exponentially and it will hit a point of no return. Power companies will just refuse to give them power that can be use for an hospital, a factory or an actual small city. Uh pff yeah or people start building shithouse rear end coal plants to serve the buttcoin miner market like is already happening in India and China.
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Sep 2, 2018 23:39
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Humans are so loving stupid that we'll probably declare this the revitalization of the coal industry just around when the last of Florida slips under the sea like Atlantis.
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Sep 2, 2018 23:40
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Bitcoin might be the latest stage of capitalism possible. A purely speculative commodity that you can't even physically hold in your hands that requires constant and on-going material value destruction whose existence contributes directly to destroying the environment it exists within for its own reproduction.
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Sep 2, 2018 23:47
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bitcoin is the great filter
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Sep 3, 2018 01:23
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Moridin920 posted:Humans are so loving stupid that we'll probably declare this the revitalization of the coal industry just around when the last of Florida slips under the sea like Atlantis. Like I thought the reason this all got rolling in China and other places was that there were transient local surpluses of electricity and/or deficits of bribes in the pockets of people who control the electricity supply, and that particular slack has been largely taken out of the power market.
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Sep 3, 2018 02:15
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katka posted:Holy poo poo that's crazy. So I'm guessing the jokes about cryptocoins using as much power as a small country actually aren't that far off the mark. Not only is it true (the bitcoin network actually uses more electricity than some entire countries) but bitcoiners are spinning that as a good thing. Some will tell you that a world-changing technology like bitcoins requires and deserves a high electricity usage. Others will tell you that the excessive power usage actually helps the environment because the ever-increasing electricity usage will force a shitton of new research and investment into green, renewable energy. 
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Sep 3, 2018 02:35
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Bleusilences posted:Power companies will just refuse to give them power that can be use for an hospital, a factory or an actual small city. This is already starting to happen.
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Sep 3, 2018 02:44
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me continuously watching bitcoin burn coal https://www.youtube.com/watch?v=WlR25IeL1wU&t=14s
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Sep 3, 2018 02:47
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