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Herr Tog
Jun 18, 2011

Grimey Drawer

brilliant

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divabot
Jun 17, 2015

A polite little mouse!

Heath posted:

Is there a single loving stage of this that isn't total grift?

sir has correctly etc

ghosTTy posted:

bitmain is facing bankruptcy because they went all-in on the bch hash war lol

the ONE loving COMPANY run by a VAGUELY COMPETENT BUSINESSMAN

but this is bitcoin, so of course he hosed himself up

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

So who’s going to be putting together a 51% attack on the basis of all the old miners being sold by the pound? You don’t have to run them for very long to wipe the whole system out, right?

gary oldmans diary
Sep 26, 2005
i have no doubt that the tether guy really does have a poo poo ton of actual USD cash but also that its way less than $2.5B and that how much cash they actually have doesnt matter because they have 0 interest in exchanging it to receive their tethers back. giving away actual currency and taking their tethers back is exactly the opposite of the point of printing so much tether

QuarkJets
Sep 8, 2008

ghosTTy posted:

i hope bitmain dies, they're a cancer on the crypto community

I don't think cancer can get cancer, it's already cancer

zedprime
Jun 9, 2007

yospos

Subjunctive posted:

So who’s going to be putting together a 51% attack on the basis of all the old miners being sold by the pound? You don’t have to run them for very long to wipe the whole system out, right?
51% attacks are more about eroding confidence since it is more like "I'll give you $10... Psyche!" And less all the coins belong to me now. You could use a 51% position to encourage your own new fork that says all of the coins belong to you but that's a good way to end up at 100% of what is now nothing more interesting than your email to the fed explaining why admiralty courts mean you owe no income tax.

It's maybe the one game around crypto where we might expect the players not to hit the gently caress em all button instantly

Lemming
Apr 21, 2008

zedprime posted:

51% attacks are more about eroding confidence since it is more like "I'll give you $10... Psyche!" And less all the coins belong to me now. You could use a 51% position to encourage your own new fork that says all of the coins belong to you but that's a good way to end up at 100% of what is now nothing more interesting than your email to the fed explaining why admiralty courts mean you owe no income tax.

It's maybe the one game around crypto where we might expect the players not to hit the gently caress em all button instantly

You can cheat out a disproportionate amount of rewards by finding the next block, not releasing it, then getting a headstart on the next block and waiting until a block is found in the block, then releasing yours and confirming it with your 51% of the pool. You can also hold the entire system hostage and not confirm any blocks with transactions until everyone agrees to pay you tribute.

The Protagonist
Jun 29, 2009

The average is 5.5? I thought it was 4. This is very unsettling.
If you want to know the future of crypto, imagine a hand smashing a button labelled "Betray", forever...

funeral home DJ
Apr 21, 2003


Pillbug

Lemming posted:

You can cheat out a disproportionate amount of rewards by finding the next block, not releasing it, then getting a headstart on the next block and waiting until a block is found in the block, then releasing yours and confirming it with your 51% of the pool. You can also hold the entire system hostage and not confirm any blocks with transactions until everyone agrees to pay you tribute.

So with 51% of the mining pool, I can become King Turd of poo poo Mountain. Neat!

Lambert
Apr 15, 2018

by Fluffdaddy
Fallen Rib
Or you can sell the coins, release your private chain and essentially execute a chargeback that way. That's the way millions of $ were scammed with Bitcoin Gold.

Lolie
Jun 4, 2010

AUSGBS Thread Mum
Currently at USD 3668.

Potrzebie
Apr 6, 2010

I may not know what I'm talking about, but I sure love cops! ^^ Boy, but that boot is just yummy!
Lipstick Apathy

Lolie posted:

Currently at USD 3668.

:awesome: for Bitcoin

Lolie
Jun 4, 2010

AUSGBS Thread Mum
An actual post from Bitcointalk

quote:

Many miner have sold their miner tools because lower budget and earning getting every day, we have stop for take profit with miner and try other way for getting profit with bitcoin and altcoin,

A lot of the posts over there are a similar standard these days and pretty much incomprehensible.

Double Bill
Jan 29, 2006

Lolie posted:

Currently at USD 3668.

WHERE THE gently caress IS THE PUMP MY FAMILY IS DYING

gary oldmans diary
Sep 26, 2005

Lolie posted:

An actual post from Bitcointalk


A lot of the posts over there are a similar standard these days and pretty much incomprehensible.
main screen turn on

MarcusSA
Sep 23, 2007

Man my $20 investment isn’t doing so good.

I thought I was supposed to be a billionaire from all this?

Saltpowered
Apr 12, 2010

Chief Executive Officer
Awful Industries, LLC

MarcusSA posted:

Man my $20 investment isn’t doing so good.

I thought I was supposed to be a billionaire from all this?

That’s because you haven’t bought more. Now is the time to BUY BUY BUY. When it rebounds to 100k by the end of 2019 you will be a billionaire.

MarcusSA
Sep 23, 2007

Lawlicaust posted:

That’s because you haven’t bought more. Now is the time to BUY BUY BUY. When it rebounds to 100k by the end of 2019 you will be a billionaire.

Oh good point!

*loads coinbase account*

Lol at that chart.

Inept
Jul 8, 2003

Lolie posted:

An actual post from Bitcointalk


A lot of the posts over there are a similar standard these days and pretty much incomprehensible.

I'm imagining this recited by the How is Babby Formed cavemen

Pistol_Pete
Sep 15, 2007

Oven Wrangler
All this feuding and plotting and backstabbing makes cryptocurrency mining sound like Eve Online, if the players had somehow all remortgaged their houses in order to invest in the game.

Jack-Off Lantern
Mar 2, 2012

Inept posted:

I'm imagining this recited by the How is Babby Formed cavemen

Its just Chinese Mainlanders trying their best English.

El_Elegante
Jul 3, 2004

by Jeffrey of YOSPOS
Biscuit Hider

ghosTTy posted:

bitmain is facing bankruptcy because they went all-in on the bch hash war lol

No war but hash war

El_Elegante
Jul 3, 2004

by Jeffrey of YOSPOS
Biscuit Hider
No browns but hash browns

Kerbtree
Sep 8, 2008

BAD FALCON!
LAZY!

Pistol_Pete posted:

All this feuding and plotting and backstabbing makes cryptocurrency mining sound like Eve Online, if the players had somehow all remortgaged their houses in order to invest in the game.

Ask the eve thread about the hats guy getting divorced.

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

The Protagonist posted:

If you want to know the future of crypto, imagine a butt farting in a human face—forever...

AnimeIsTrash
Jun 30, 2018

https://www.youtube.com/watch?v=k3GbBRIcttw

EorayMel
May 30, 2015

WE GET IT. YOU LOVE GUN JESUS. Toujours des fusils Bullpup Français.
:d: Somebody are taking the recent happenings very well, according to the yospos thread! :d:

[–]fuckingshitman11 MN H 0 points 1 day ago

It's not against their TOS for citizens but rather only RESIDENTS!!!!!!!!!!!!!!!!!!

God holy poo poo you are a pathetic cuck.. actually wanting someone to not make money just because YOU WERE TOO PUSSY TO LEARN HOW TO TRADE.. if you think bitcoins are buttcoin's why didn't you bet against it recently.. you would have more than doubled your money!! OH that's right because you are a loving pussy little cuck BITCH!!!! You are destined to be SOMEONE ELSE'S LACKEY!!!!!!!

Have fun paying your bills.. have fun loving your fat wife.. have fun moving back into your mom's basement.. have fun raising a family of cucked little bitch rear end brat children that are destined to be slaves just like their STUPID FATHER!!!!!!!

And holy poo poo you are a loving bootlicker and want socialists to get their extortionist hands on people's money. You are PROOF that socialism is about loving ENVY AND JEALOUSY!!! AND it's just loving violence and not loving altruism or whatever BS you tell yourself at night just to pretend not to be a genocidal psychopath cuck bitch beta incel virgin!

THE loving FOUNDING FATHERS ARE ROLLING IN THEIR loving GRAVE!!!!!! THIS IS **NOT** AMERICAN!! THEY loving REBELLED AGAINST THE BRITISH **EMPIRE** SPECIFICALLY BECAUSE OF THEIR EXTORTIONIST "TAXES!" BOSTON TEA PARTY FUCKOO??????????????????? AMERICA DIDN'T HAVE A loving INCOME TAX UNTIL THEY NEEDED TO PAY FOR THEIR loving IMPERIALIST WARS AND CURRENCY loving DEBASMENT YOU loving BETA BOOTLICKING CUCK PIECE OF LITERAL loving COMMUNIST poo poo!!!!!!!!!!!!



WHY DON'T YOU loving MOVE TO CHINA OR VENEZUELA YOU loving VIOLENT MARXIST BASTARD!!! LEAVE THOSE WHO WANT TO LIVE IN PEACE AND FREEDOM ALONE!! YOU ARE EXACTLY THE REASON WHY THERE ARE TERRORISTS IN THE WORLD (EMPIRE) AND YOU ARE A loving TERRORIST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! SOMEDAY ROME WILL BURN AND ALL OF US "BUTTCOINERS" WILL BE LAUGHING ALL THE WAY TO loving BANK (decentralized exchange) AHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHAHAHHAHAHAHA (BREATHS IN) HAHAHAHHAHAHAHHAHAHAHHAHAHAHHA HBWHWHWHWHAHHAHAH HABWHAHAHAHHAH MWWHAHAHAHHAHAHAHHAHAHHAHHAHHAHA

LordArgh
Mar 17, 2009

Nap Ghost
that guy is going to murder people

Harveygod
Jan 4, 2014

YEEAAH HEH HEH HEEEHH

YOU KNOW WHAT I'M SAYIN

THIS TRASH WAR AIN'T GONNA SOLVE ITSELF YA KNOW
Unironically: What?

oversteer
Jun 6, 2005

:siren: The Tether dove has been released from its Bitfinex cage ready to soar higher than ever before!

“Bitfinex announces Tether neutrality and launches new stablecoin pairs”
https://link.medium.com/CxcztseLbS

Tether will now float instead of be pegged 1:1 to USD, so I guess anyone cashing out below $1 means Bitfinex make a profit..?

Mozi
Apr 4, 2004

Forms change so fast
Time is moving past
Memory is smoke
Gonna get wider when I die
Nap Ghost
Tether Unchained

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

EorayMel posted:

:d: Somebody are taking the recent happenings very well, according to the yospos thread! :d:

[–]fuckingshitman11 MN H 0 points 1 day ago

It's not against their TOS for citizens but rather only RESIDENTS!!!!!!!!!!!!!!!!!!

God holy poo poo you are a pathetic cuck.. actually wanting someone to not make money just because YOU WERE TOO PUSSY TO LEARN HOW TO TRADE.. if you think bitcoins are buttcoin's why didn't you bet against it recently.. you would have more than doubled your money!! OH that's right because you are a loving pussy little cuck BITCH!!!! You are destined to be SOMEONE ELSE'S LACKEY!!!!!!!

Have fun paying your bills.. have fun loving your fat wife.. have fun moving back into your mom's basement.. have fun raising a family of cucked little bitch rear end brat children that are destined to be slaves just like their STUPID FATHER!!!!!!!

And holy poo poo you are a loving bootlicker and want socialists to get their extortionist hands on people's money. You are PROOF that socialism is about loving ENVY AND JEALOUSY!!! AND it's just loving violence and not loving altruism or whatever BS you tell yourself at night just to pretend not to be a genocidal psychopath cuck bitch beta incel virgin!

THE loving FOUNDING FATHERS ARE ROLLING IN THEIR loving GRAVE!!!!!! THIS IS **NOT** AMERICAN!! THEY loving REBELLED AGAINST THE BRITISH **EMPIRE** SPECIFICALLY BECAUSE OF THEIR EXTORTIONIST "TAXES!" BOSTON TEA PARTY FUCKOO??????????????????? AMERICA DIDN'T HAVE A loving INCOME TAX UNTIL THEY NEEDED TO PAY FOR THEIR loving IMPERIALIST WARS AND CURRENCY loving DEBASMENT YOU loving BETA BOOTLICKING CUCK PIECE OF LITERAL loving COMMUNIST poo poo!!!!!!!!!!!!



WHY DON'T YOU loving MOVE TO CHINA OR VENEZUELA YOU loving VIOLENT MARXIST BASTARD!!! LEAVE THOSE WHO WANT TO LIVE IN PEACE AND FREEDOM ALONE!! YOU ARE EXACTLY THE REASON WHY THERE ARE TERRORISTS IN THE WORLD (EMPIRE) AND YOU ARE A loving TERRORIST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! SOMEDAY ROME WILL BURN AND ALL OF US "BUTTCOINERS" WILL BE LAUGHING ALL THE WAY TO loving BANK (decentralized exchange) AHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHAHAHHAHAHAHA (BREATHS IN) HAHAHAHHAHAHAHHAHAHAHHAHAHAHHA HBWHWHWHWHAHHAHAH HABWHAHAHAHHAH MWWHAHAHAHHAHAHAHHAHAHHAHHAHHAHA

*shades in cross section of circles labeled "qanon" and "crypto"*

There Bias Two
Jan 13, 2009
I'm not a good person

oversteer posted:

:siren: The Tether dove has been released from its Bitfinex cage ready to soar higher than ever before!

“Bitfinex announces Tether neutrality and launches new stablecoin pairs”
https://link.medium.com/CxcztseLbS

Tether will now float instead of be pegged 1:1 to USD, so I guess anyone cashing out below $1 means Bitfinex make a profit..?

Isn't the entire point of tether is that it's tethered 1:1 to the dollar?

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...
Tether Blockchain

Parkingtigers
Feb 23, 2008
TARGET CONSUMER
LOVES EVERY FUCKING GAME EVER MADE. EVER.

Alan Smithee posted:

Tether Blockchain



This is good for Milhouse.

resistentialism
Aug 13, 2007

Chef Boyardeez Nuts
Sep 9, 2011

The more you kick against the pricks, the more you suffer.

See if you can differentiate between the people paying to appear and the people being paid to appear.

Also, the second verse is the best. I'm trying to imagine these kids nodding credulously about how difficult it is to acquire a smoothie while waiting to ensure the fiat money transfer goes through.

Tacky-Ass Rococco
Sep 7, 2010

by R. Guyovich
Got this in an email today:



One of the cool things about working in the financial industry is finding out how many trained, chartered professionals have absolutely no idea what they're doing.

Stanley Pain
Jun 16, 2001

by Fluffdaddy
I'm really regretting putting on my headphones and clicking on that video. :gonk:

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Darth TNT
Sep 20, 2013

oversteer posted:

:siren: The Tether dove has been released from its Bitfinex cage ready to soar higher than ever before!

“Bitfinex announces Tether neutrality and launches new stablecoin pairs”
https://link.medium.com/CxcztseLbS

Tether will now float instead of be pegged 1:1 to USD, so I guess anyone cashing out below $1 means Bitfinex make a profit..?

More stable coins to prop up the market with?

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