|
So Tether is just like that receipt you get from the slot machine, except there's people walking around with two billion of them and the booth where you redeem them is closed.
|
#
?
Nov 29, 2018 03:00
|
|
|
|
| # ? May 29, 2024 22:19 |
|
|
Big Data posted:Yes, yes I am the shut in between the two of us. At least we cleared that up. So circling back to btc, what’s your position currently? We haven’t seen a btc oriented post itt since you rereged.
|
|
#
?
Nov 29, 2018 03:01
|
|
|
Bitcoin: it's for idiots and assholes
|
|
#
?
Nov 29, 2018 03:18
|
|
|
Icey posted:Outside of illegal uses crypto has no value or use case. It appears I am stupid and incorrect, whoops! Sorry. Inept fucked around with this message at 03:49 on Nov 29, 2018 |
|
#
?
Nov 29, 2018 03:20
|
|
|
Inept posted:I know this was a while back but this guy is permabanned pedo AARO. Please use the report system for pedo accusations. Ty
|
|
#
?
Nov 29, 2018 03:23
|
|
|
Inept posted:I know this was a while back but this guy is permabanned pedo AARO. How do you know? Do you have evidence?
|
|
#
?
Nov 29, 2018 03:24
|
|
|
Burt Sexual posted:Please use the report system for pedo accusations. Ty Yeah sorry, submitted. (USER WAS BANNED FOR THIS POST)
|
|
#
?
Nov 29, 2018 03:28
|
|
|
Inept posted:It appears I am stupid and incorrect, whoops! Sorry. Good username for it, tho
|
|
#
?
Nov 29, 2018 06:05
|
|
|
My Linux Rig posted:wasn't there a post a couple pages back about somebody cashing out enough money to get an expensive car the trick is to avoid doing something monumentally stupid, like buying a ton of bitcoins on mtgox after they suspend withdrawals
|
|
#
?
Nov 29, 2018 08:01
|
|
|
Tether is such a wild concept to me. Not the part that some guys just printed out their own money with a clam that it was 1 to 1 a dollar in value. I get shady people trying wild scams to see what sticks. What gets me is some people actually accepted it and this has become an integral part of some exchanges. Some randos just print their own money and claim it equals a dollar and people just accept it. I've followed bitcoin the whole time and this is the hardest part for me to believe.
|
|
#
?
Nov 29, 2018 08:17
|
|
|
Kung Food posted:Tether is such a wild concept to me. Not the part that some guys just printed out their own money with a clam that it was 1 to 1 a dollar in value. I get shady people trying wild scams to see what sticks. What gets me is some people actually accepted it and this has become an integral part of some exchanges. Some randos just print their own money and claim it equals a dollar and people just accept it. I've followed bitcoin the whole time and this is the hardest part for me to believe. also iirc they actually put "we have no obligation to redeem your tethers for dollars" on their loving website
|
|
#
?
Nov 29, 2018 08:20
|
|
|
Burt Sexual posted:There are other people that you interact with Fister. Maybe chat up someone, idk interact? Bitcoiin: Marked for Death It's a Mark Karpeles reference and two steven segal references
|
|
#
?
Nov 29, 2018 08:20
|
|
|
Powered Descent posted:So Tether is just like that receipt you get from the slot machine, except there's people walking around with two billion of them and the booth where you redeem them is closed. This is the most accurate description I've seen, yes. Also the genesis of it is an exchange being "hacked" and not having enough real money for people to cash out, so they were given tether IOUs
|
|
#
?
Nov 29, 2018 08:20
|
|
|
Nessus posted:I believe there are still old style ones hanging around but the modern video slot things print out a ticket if you win like seventy bucks. Source: Won seventy bucks in Vegas once at the Lord of the Rings slots. Not only does it simplify the whole "needing machines to have tons of coins" problem, but it's also a lot easier to insert a ticket into another machine than it is coins or dollars. Powered Descent posted:So Tether is just like that receipt you get from the slot machine, except there's people walking around with two billion of them and the booth where you redeem them is closed. It's even denoted in USD! You get $5.00 in free play, come gamble today.  Kung Food posted:Tether is such a wild concept to me. Not the part that some guys just printed out their own money with a clam that it was 1 to 1 a dollar in value. I get shady people trying wild scams to see what sticks. What gets me is some people actually accepted it and this has become an integral part of some exchanges. Some randos just print their own money and claim it equals a dollar and people just accept it. I've followed bitcoin the whole time and this is the hardest part for me to believe. Doesn't seem that much harder to believe than all of the altcoins that lack even the most basic reason for existing beyond "pump and dump" that still get bought into. Tether at least pretends to have a value.
|
|
#
?
Nov 29, 2018 08:21
|
|
|
Zamujasa posted:Doesn't seem that much harder to believe than all of the altcoins that lack even the most basic reason for existing beyond "pump and dump" that still get bought into. Tether at least pretends to have a value. Even that I can believe. People put their real money into a fake money on the chance that maybe some day that fake money is worth more than they put in. Dump as gently caress, but I get the basic premise. [real money] * [risk] = [more real money]. Most investing is some degree of that. Tether is like that, but without the possible increase in money. [real money] * [risk]= [Exact same money]??. It is like playing slots but the max pay out is only what you put in.
|
|
#
?
Nov 29, 2018 08:37
|
|
|
People just use tether to wager on riskier currencies on shadier exchanges that can't otherwise accept real money, I refuse to believe that anyone besides maybe Bitifnex actually holds significant quantities of Tether it's just a medium to facilitate the shitconi gambling
|
|
#
?
Nov 29, 2018 08:41
|
|
|
I think Tether also has a hardcore Wile E. Coyote effect going. They all know they're walking on nothing, but they won't fall until enough people look down... so they don't look down... and JUST maybe they can run all the way to the cliff on the other side of the chasm before that happens. (And now that I'm thinking of it, I'm sure bitcoin believers have used this exact metaphor for the dollar. Which just makes it funnier.)
|
|
#
?
Nov 29, 2018 09:04
|
|
|
I am under the realm of one coin: the cent. I want to put into a machine, but, I fear negative cents with a printout that says I owe some people.
|
|
#
?
Nov 29, 2018 09:16
|
|
|
I know this must've been answered a hundred times, but are there real people actually selling their bitcoin for tether? I just assumed the exchange "prints" tether and then buys bitcoins from itself making it look like demand is up. I mean I get this is highly illegal and they wouldn't need tether mumbo jumbo to put in fake buy orders anyway, but tether doesn't actually seem backed by dollars so it's not like it's any different. Basically, what the gently caress, bitcoiners?
|
|
#
?
Nov 29, 2018 10:47
|
|
|
Its not illegal if there aren’t laws against it. Basically, they’re trying to Air Bud securities law.
|
|
#
?
Nov 29, 2018 10:55
|
|
|
Seraph_84 posted:I don't know about you guys but I'm dumping thousands into Bitcoin right now. lmao blessed post
|
|
#
?
Nov 29, 2018 11:00
|
|
|
Clocks posted:I know this must've been answered a hundred times, but are there real people actually selling their bitcoin for tether? 100% for sure there are people who sell bitcoins for tether, they do this and then move the tether to a shadier exchange so they can buy FART or PISS or dozens of other exciting shitcoins.
|
|
#
?
Nov 29, 2018 11:58
|
|
|
|
|
#
?
Nov 29, 2018 13:21
|
|
|
IMO Bitcoin's electricity consumption makes it an ecological disaster and it is not morally or ethically tenable to support it. At least leaded gasoline let you drive cars.
|
|
#
?
Nov 29, 2018 15:05
|
|
|
lead pros: - reduces engine knocking - tastes great - soft and malleable lead cons: - ???
|
|
#
?
Nov 29, 2018 15:07
|
|
|
Mozi posted:lead pros: Brain damage? Just like falling asleep near a mining rig
|
|
#
?
Nov 29, 2018 15:20
|
|
|
Zamujasa posted:
Even if you don't "break even" some places will throw $100 at you a day for a week or other big promotions for first timers. So you can make a few hundred by hanging out and playing lovely arcade games for an hour a day. Free play rules compared to crypto (if their ploy doesn't work in addicting you)
|
|
#
?
Nov 29, 2018 15:29
|
|
|
Gum posted:the trick is to avoid doing something monumentally stupid, like buying a ton of bitcoins on mtgox after they suspend withdrawals yeah that was a lovely thing to go through, but I don’t regret it. It taught what to look out for in exchanges and that I shouldn’t keep the majority of my bitcoin balance in them Btw bitcoin is still above $4k. Guess it won’t be crumbling today goons
|
|
#
?
Nov 29, 2018 15:42
|
|
|
LethalGeek posted:Bits are funny. Also they stop being funny when you keep it up for 5 years. also i have 2 of his threads bookmarked so i know hes good people
|
|
#
?
Nov 29, 2018 16:52
|
|
|
My Linux Rig posted:It taught what to look out for in exchanges How do you evaluate exchanges?
|
|
#
?
Nov 29, 2018 18:17
|
|
|
Step 1. Find out if bitcoins are involved. If yes, then Step 2: avoid. If no, feel free.
|
|
#
?
Nov 29, 2018 18:28
|
|
|
why is it going up again if this is the end of bitcoin 
|
|
#
?
Nov 29, 2018 18:29
|
|
|
My Linux Rig posted:yeah that was a lovely thing to go through, but I don’t regret it. It taught what to look out for in exchanges and that I shouldn’t keep the majority of my bitcoin balance in them All your money is dirty. You're killing the planet for a quick buck.
|
|
#
?
Nov 29, 2018 18:31
|
|
|
poverty goat posted:why is it going up again if this is the end of bitcoin Price manipulation. The same reason it's always gone up.
|
|
#
?
Nov 29, 2018 18:32
|
|
|
Master Twig posted:Price manipulation. The same reason it's always gone up. Specifically a bunch of Tether was printed and used to buy Bitcoins at a higher price. This drives up the price.
|
|
#
?
Nov 29, 2018 18:51
|
|
|
The 1d chart currently looks like one of those maps you'd see in 90s Scorched Earth games How does this compare to the Bart or Lisa or TA patterns
|
|
#
?
Nov 29, 2018 19:03
|
|
|
gary oldmans diary posted:throwing out some random numbers there. i saw some my linux rig jokes itt for like a week There are other bitcoin threads. Also lol white knighting a gimmick
|
|
#
?
Nov 29, 2018 19:34
|
|
|
LethalGeek posted:Also lol white knighting a gimmick
|
|
#
?
Nov 29, 2018 19:38
|
|
|
SHY NUDIST GRRL posted:Even if you don't "break even" some places will throw $100 at you a day for a week or other big promotions for first timers. So you can make a few hundred by hanging out and playing lovely arcade games for an hour a day. Free play rules compared to crypto (if their ploy doesn't work in addicting you) Yeah, it's like credit card rewards in that if you can manage yourself well you can come out ahead, but the vast majority of people don't and they're the ones who end up paying. sorta like buttcoins  the house always wins and loves to promote all the other people who win big so that endless suckers buy in
|
|
#
?
Nov 29, 2018 19:43
|
|
|
|
| # ? May 29, 2024 22:19 |
|
|
Zamujasa posted:Yeah, it's like credit card rewards in that if you can manage yourself well you can come out ahead, but the vast majority of people don't and they're the ones who end up paying. My dad has the same first and last name as a high rolling whale at this one casino so he's been getting free hotel rooms whenever he's in the area. That's the way to do it.
|
|
#
?
Nov 29, 2018 22:16
|
|
