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jimmyjams posted:lol so if you use an exchange your butts are literally in someone elses wallet nuh uh tether dollars totally backed by real dollars -roger ver
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Oct 4, 2018 23:06
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You also have to use exchanges to do any volume of transactions with bitcoin because bitcoin's blockchain protocol physically cannot handle that amount of transactions and has gigantic fees associated with each transaction. The entire exchange system would be completely unworkable if they relied on bitcoin wallet to wallet transactions. Currency of the future!
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Oct 4, 2018 23:08
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comedyblissoption posted:You also have to use exchanges to do any volume of transactions with bitcoin because bitcoin's blockchain protocol physically cannot handle that amount of transactions and has gigantic fees associated with each transaction. The entire exchange system would be completely unworkable if they relied on bitcoin wallet to wallet transactions. Currency of the future! look at this wagecuck who has never sold for a bag of amazon giftcards
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Oct 4, 2018 23:13
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comedyblissoption posted:You also have to use exchanges to do any volume of transactions with bitcoin because bitcoin's blockchain protocol physically cannot handle that amount of transactions and has gigantic fees associated with each transaction. The entire exchange system would be completely unworkable if they relied on bitcoin wallet to wallet transactions. Currency of the future!
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Oct 5, 2018 06:15
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I still don't have internet at home, but I finally posted new blog content! Someone assigned my book for a course, so I did a video answering student questions. (I was gonna do it live, but no internet dammit.) Watch me mumbling on webcam!
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Oct 5, 2018 12:33
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divabot posted:I still don't have internet at home, but I finally posted new blog content! Someone assigned my book for a course, so I did a video answering student questions. (I was gonna do it live, but no internet dammit.) Watch me mumbling on webcam! I also recommend your book (as additional reading) for my internet regulation course. It’s a brilliant insight into failures of technology regulation. 
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Oct 5, 2018 12:36
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https://twitter.com/Bitfinexed/status/1047244417843834880
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Oct 5, 2018 12:47
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So if I understand well the price of bitcoin have stabilized in the last 2 week or so because people are trading tether and bitcoin back and forth?
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Oct 5, 2018 13:16
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https://www.youtube.com/watch?v=O6OgtzhjpGE me ranting at a bunch of comp sci staff and students why blockchains are ridiculous bs for idiots. blog post with slides.
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Oct 9, 2018 12:07
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My favorite part of this is if you look at the buy orders you only need to sell 173,000 of them to drive the price to 0. I would guess that you wouldn't even need to sell that many to trigger some dumb algos to do the rest of the work for you.
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Oct 10, 2018 05:39
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tether btc buy orders at 5570, 4830, 4390 :zzz: wake me up... when september ends :yawn: 
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Oct 10, 2018 06:48
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ghosTTy posted:tether btc buy orders at 5570, 4830, 4390 :zzz: wake me up... when september ends :yawn: "Oh poo poo." ghosTTy mumbled, reading the potential exploit, "They're right, I should go prop up Tether then smugpost."
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Oct 10, 2018 07:02
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https://twitter.com/juliarubin/status/1049828078279684096
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Oct 10, 2018 12:18
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Waffle House posted:"Oh poo poo." ghosTTy mumbled, reading the potential exploit, "They're right, I should go prop up Tether then smugpost." not sure if you understood me, someone will trade me bitcoins for 5570 USDT per bitcoin sometime in the next few weeks
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Oct 10, 2018 12:40
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I HAVE INTERNET AT HOME AT LAST, MY NIGHTMARE OF MOBILE DATA IS OVER so I'll be writing a news bits post then. What's the dumbest poo poo in crypto in the last week? (With link if possible.)
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Oct 10, 2018 14:26
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ghosTTy posted:if bitcoin goes below 6k it's over and none of us will make it ghosTTy posted:not sure if you understood me, someone will trade me bitcoins for 5570 USDT per bitcoin sometime in the next few weeks ghosTTy posted:if bitcoin goes below 6k it's over and none of us will make it
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Oct 10, 2018 15:15
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ghosTTy posted:not sure if you understood me, someone will trade me bitcoins for 5570 USDT per bitcoin sometime in the next few weeks Someone sold me some poop and I paid $5570 per nugget. What a deal!
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Oct 10, 2018 15:45
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Wait, can you buy drugs with poop now?
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Oct 10, 2018 17:16
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poverty goat posted:Wait, can you buy drugs with poop now? Well somebody's gonna be a drug lord soon!
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Oct 10, 2018 17:58
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 Tether continuing to not look too hot.
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Oct 10, 2018 17:58
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MrUnderbridge posted:Well somebody's gonna be a drug lord soon! *starts printing out all my posts
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Oct 10, 2018 18:23
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Is tether worth less than a dollar now? Doesn't that gently caress up the whole system? That one exchange has one dollar for every tether, so they've just made enormous profit?
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Oct 10, 2018 18:24
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divabot posted:I HAVE INTERNET AT HOME AT LAST, MY NIGHTMARE OF MOBILE DATA IS OVER Lol This guy “debunks” bitcoin and he doesn’t even have an internet Just smh...smdh...
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Oct 10, 2018 18:27
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Comfy Fleece Sweater posted:Lol I browse the world wide web using blockchain technology!
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Oct 10, 2018 18:59
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ilmucche posted:That one exchange has one dollar for every tether
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Oct 10, 2018 19:00
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ilmucche posted:Is tether worth less than a dollar now? Doesn't that gently caress up the whole system? That one exchange has one dollar for every tether, so they've just made enormous profit? It's even more obvious than that, they already stole every dollar and bitcoin and there never was a dollar for every tether.
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Oct 10, 2018 19:39
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ilmucche posted:Is tether worth less than a dollar now? Ignoring the fact that the real worth, $0, indeed is below $1, tether almost always has been below $1 but tether exchanges typically also have a higher price for butts than dollar exchanges (comparing butts/tether directly with butts/dollar like a chad captain of industry butter). Typically only tether exchanges have the more suspicious cryptos, so you can only get money out by transferring butts to a “good” exchange, where you have to sell your butts for fewer dollars than you paid in tether, so it all evens out. If the markets were fluid, the price of a butt on a tether exchange would be the price on a “good’ exchange divided by the price of a tether in dollars, but they are not, so it is not.
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Oct 10, 2018 19:50
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Oct 11, 2018 02:38
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6k? NEED... MORE.... ... ENERGY.... 
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Oct 11, 2018 02:52
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ghosTTy posted:not sure if you understood me, someone will trade me bitcoins for 5570 USDT per bitcoin sometime in the next few weeks 
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Oct 11, 2018 02:53
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Are traders selling butts to meet their stock margin calls? Hope they weren’t leveraged in butts as well!
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Oct 11, 2018 03:39
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Pawn 17 posted:Are traders selling butts to meet their stock margin calls? Hope they weren’t leveraged in butts as well! Dow lost a few points today.
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Oct 11, 2018 03:42
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Oct 11, 2018 05:27
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https://techcrunch.com/2018/10/07/im-very-sorry-but-youre-going-to-have-to-learn-to-love-the-blockchain/
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Oct 11, 2018 06:42
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Comfy Fleece Sweater posted:https://techcrunch.com/2018/10/07/im-very-sorry-but-youre-going-to-have-to-learn-to-love-the-blockchain/ "Yes technically blockchains are completely useless but what if we used them anyway then you'd have to get used to them. And get this in an unregulated market power tends to centralize like the Internet is doing now, what if instead we used blockchains which are totally unregulated and alsoball their current applications are centralizing" VitalSigns fucked around with this message at 14:19 on Oct 11, 2018 |
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Oct 11, 2018 06:51
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https://www.youtube.com/watch?v=BOPlK10Rcdk
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Oct 11, 2018 10:49
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"decentralized?" oh... you meant to say "blockchain". common mistake hold on a sec i have to submit this article to techcrunch. brb
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Oct 11, 2018 10:53
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https://twitter.com/crypto/status/1050295900327858176
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Oct 11, 2018 13:52
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I love it.
Lambert fucked around with this message at 14:09 on Oct 11, 2018 |
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Oct 11, 2018 14:00
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420 index points you say? 
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Oct 11, 2018 15:30
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