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LethalGeek
Nov 4, 2009

Norton the First posted:

I don't know about the rest of you, but the way I check Bitcoin's price is to type "bitcoin price" into my search bar every now and then.

One advantage of this is that that Google lists all the latest insane technical analysis under the price.


It's always like this. Who pays these people?

Haha who reads this and goes yep mmhmm :hai:

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poverty goat
Feb 15, 2004



you can just google "btc"

no go on Quiznos
May 16, 2007



Pork Pro

orange juche posted:

Who here actually is involved in cryptocurrency anymore? I'm pretty sure everyone here is just gathered around to watch the price crash to zero so we can all have a hearty laugh

Me. I just sold a butt for $4000. Now to see if I can get it into my bank account.

jizzy sillage
Aug 13, 2006

Did you buy it recently, or a long time ago, or when it was $20k?

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

no go on Quiznos posted:

Me. I just sold a butt for $4000. Now to see if I can get it into my bank account.


What is this $59.60 socialist surcharge line item?

Sickening
Jul 16, 2007

Black summer was the best summer.

Burt Sexual posted:

What is this $59.60 socialist surcharge line item?

The only folks making any real money are the exchanges. That is why the greed to push tether was over the top hilarious.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Sickening posted:

The only folks making any real money are the exchanges. That is why the greed to push tether was over the top hilarious.

It was more of a rhetorical question :)

My Linux Rig
Mar 27, 2010
Probation
Can't post for 6 years!

no go on Quiznos posted:

Me. I just sold a butt for $4000. Now to see if I can get it into my bank account.


Nice! Good job on the recent income, hope they can get you your earnings soon

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

My Linux Rig posted:

Nice! Good job on the recent income, hope they can get you your earnings soon

You are fantastic.

sullat
Jan 9, 2012

Satchel and Trunk posted:

One thing you can say about Chuck-E-Cheese money, it’s value is pegged to the rate of 1 game = 1 token. This is an incredibly stable store of value and I have not seen it fluctuate in my lifetime. Currency of the future, my friends!

Last time I went to Chuck E Cheese my kids spent like an hour getting a couple handfuls of tickets. The one of the machines busted and a guy opened it up and started out handing out strips and strips of tickets, far more than they got for playing by the rules. I think this is a metaphor for something.

fisting by many
Dec 25, 2009



sullat posted:

Last time I went to Chuck E Cheese my kids spent like an hour getting a couple handfuls of tickets. The one of the machines busted and a guy opened it up and started out handing out strips and strips of tickets, far more than they got for playing by the rules. I think this is a metaphor for something.

I like the part where they have spools of tickets and machines that dispense them by the strip, which then necessitates a separate machine to count and destroy the tickets

I also like the part where you think you're rich holding armfuls of currency, right up until you try exchanging them for anything.

no go on Quiznos
May 16, 2007



Pork Pro

jizzy sillage posted:

Did you buy it recently, or a long time ago, or when it was $20k?

Sometime in 2012, when Bitcoin was ~$15. I think I made out pretty well.

Nessus
Dec 22, 2003

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



no go on Quiznos posted:

Sometime in 2012, when Bitcoin was ~$15. I think I made out pretty well.
Will you be able to live without the heady exaltation of what might have been?

Liquid Communism
Mar 9, 2004

коммунизм хранится в яичках

Perfect anti-theft, no techbro will ever find it.

Call Your Grandma
Jan 17, 2010

Paul Blartcoin

ymgve
Jan 2, 2004


:dukedog:
Offensive Clock
Mcafee is a wimp

https://twitter.com/officialmcafee/status/1071395711244267525?lang=en

Waltzing Along
Jun 14, 2008

There's only one
Human race
Many faces
Everybody belongs here
Someone needs to force feed him his dick. Even if he wins his bet.

Lambert
Apr 15, 2018

by Fluffdaddy
Fallen Rib
The only people losing money on Bitcoin are institutional investors, enabling exit for regular Joe that bought in early. Haven't you people read the thread?! qed

Lambert fucked around with this message at 12:16 on Dec 24, 2018

feedmegin
Jul 30, 2008

Norton the First posted:

It's always like this. Who pays these people?

Nobody. These are people living in their parents' basement cosplaying actual financial analysts.

Risc1911
Mar 1, 2016

no go on Quiznos posted:

Sometime in 2012, when Bitcoin was ~$15. I think I made out pretty well.

Is there a reason other than - "i completely made up this story" - why you did not sell last December at$ 20k or even $15k in January, gee even at $12k in February would have been better?

I call bullshit.

Chef Boyardeez Nuts
Sep 9, 2011

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

no go on Quiznos posted:

Me. I just sold a butt for $4000. Now to see if I can get it into my bank account.


Sweet, I'm looking forward to seeing how this plays out. What's the plan?

Risc1911
Mar 1, 2016

https://twitter.com/FinancialTimes/status/1077232469626286080

PHIZ KALIFA
Dec 21, 2011

#mood

Spermanent Record posted:

Do what I do. Spend thousands on items that don't match my marketing profile and immediately throw them away! The information machine won't know what hit it!

The excellent novel FEED by M. T. Anderson has this as a fairly major plot point, the main couple decides to start datajamming their purchase and order history so much so that the corporation eventually decides to let one of them die for it. It's marketed as a dystopian young adult novel but don't let that dissuade you, it's one of the most prescient novels on human relations in the modern era and perfectly captures the feeling of living in a hyperconnected hyperdistracted future.

Zamujasa
Oct 27, 2010



Bread Liar

no go on Quiznos posted:

Me. I just sold a butt for $4000. Now to see if I can get it into my bank account.


I got curious about the "Coinbase Fee". I've been watching the transaction feed and have something set up to total all the USD spent, and right now it's around $486,403,150 after about 5 days or so.



quote:

Coinbase charges a Spread of about one-half of one percent (0.50%) for Digital Currency Purchases and Digital Currency Sales ...

We also charge a Coinbase Fee (in addition to the Spread), which is the greater of (a) a flat fee or (b) a variable percentage fee determined by region, product feature and payment type. The flat fees are set forth below:

If the total transaction amount is less than or equal to $10, the fee is $0.99.
If the total transaction amount is more than $10 but less than or equal to $25, the fee is $1.49.
If the total transaction amount is more than $25 but less than or equal to $50, the fee is $1.99.
If the total transaction amount is more than $50 but less than or equal to $200, the fee is $2.99.

USD Coinbase Wallet rate: 1.49%

Assuming that every TX runs at 1.99% (1.49% + 0.50%) -- likely way below the actual value due to the minimums above -- that ends up being about $9,679,420. Again, way off, since every sell transaction also has a buy transaction (so probably double that number).


Turns out making a profit is actually pretty easy when you're the casino. :v:


E: Oh yeah, there's always the Coinbase Bundle™

quote:

Coinbase Bundle

When you request to purchase the Coinbase Bundle, Coinbase determines the proportion of each asset to be purchased based on that asset’s market capitalization relative to the market capitalization of all assets in the Bundle. Coinbase then calculates the Consumer Exchange Rate for each individual asset separately. The Coinbase Fee is calculated as a single transaction rather than separate transactions for each individual asset. For example, if you request to purchase $100 of the Bundle, your total fee will be $2.99 if you are located in the United States and pay with your bank account, the same fee as a single purchase of $100 in Bitcoin. If you made five separate transactions (one for each asset) totaling a $100 purchase, your total fees would be significantly higher. As another example, if you request to purchase $300 of the Bundle (assuming you are purchasing from a U.S. Bank account or your USD Wallet), the transaction fee will be simply 1.49% of the transaction amount ($295.60), or $4.40.

There's no mention of selling the "bundle", so I'm going to guess they love promoting it because it earns them 4 additional fees later on (from selling the individual poo poo altcoins). :haw:

Zamujasa fucked around with this message at 21:00 on Dec 24, 2018

Salt Fish
Sep 11, 2003

Cybernetic Crumb

Zamujasa posted:

I got curious about the "Coinbase Fee". I've been watching the transaction feed and have something set up to total all the USD spent, and right now it's around $486,403,150 after about 5 days or so.

Okay, but how to you filter out all the transactions that are the exchange buying from themselves to keep the volume high?

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Zamujasa posted:

I got curious about the "Coinbase Fee". I've been watching the transaction feed and have something set up to total all the USD spent, and right now it's around $486,403,150 after about 5 days or so.




Assuming that every TX runs at 1.99% (1.49% + 0.50%) -- likely way below the actual value due to the minimums above -- that ends up being about $9,679,420. Again, way off, since every sell transaction also has a buy transaction (so probably double that number).


Turns out making a profit is actually pretty easy when you're the casino. :v:


E: Oh yeah, there's always the Coinbase Bundle™


There's no mention of selling the "bundle", so I'm going to guess they love promoting it because it earns them 4 additional fees later on (from selling the individual poo poo altcoins). :haw:

Just lol, irrespective of self trades that’s a money maker.

Adar
Jul 27, 2001
Most of the volume on Coinbase is from their sister site (used to be GDAX, now pro.coinbase.com) and there are no fees there if you're the maker. They are hugely profitable but not $10M/day, possibly because they're also one of 2-3 big exchanges that don't have wash trading.

no go on Quiznos posted:

Me. I just sold a butt for $4000. Now to see if I can get it into my bank account.


tldr: this goon wasted :10bux: * 6 (but will get his money in a few days or so)

Pochoclo
Feb 4, 2008

No...
Clapping Larry

lmao worse than the loving argentine peso

boludocoin

Veni Vidi Ameche!
Nov 2, 2017

by Fluffdaddy


Buttcoin is a land of contrasts.

moolchaba
Jul 21, 2007
coinhole can be invested in coingape.

*includes the ring.

Pharohman777
Jan 14, 2012

by Fluffdaddy
https://twitter.com/tomscott/status/1076160882873380870

https://twitter.com/tomscott/status/1076161071176667137
https://twitter.com/tomscott/status/1076435900140273664



The twitter thread here is amazing. It turns out that a cryptocurrency browser called Brave is allowing people to 'donate' to people who never set up an account and have no knowledge of this.

And if the cash is not claimed in time, then it goes to Brave.

https://twitter.com/sschinke/status/1077213251744591872

edit: it gets worse.
https://twitter.com/davidgerard/status/1077279896748068865

Pharohman777 fucked around with this message at 23:57 on Dec 24, 2018

Jenrai
May 4, 2014

Pharohman777 posted:

https://twitter.com/tomscott/status/1076160882873380870

https://twitter.com/tomscott/status/1076161071176667137
https://twitter.com/tomscott/status/1076435900140273664



The twitter thread here is amazing. It turns out that a cryptocurrency browser called Brave is allowing people to 'donate' to people who never set up an account and have no knowledge of this.

And if the cash is not claimed in time, then it goes to Brave.

https://twitter.com/sschinke/status/1077213251744591872

edit: it gets worse.
https://twitter.com/davidgerard/status/1077279896748068865

As someone who has both had streaming income as a small revenue stream and who knows a decent amount of streamers this is downright offensive.

Veni Vidi Ameche!
Nov 2, 2017

by Fluffdaddy

Lol. "I am against trick wealth," shouts the man who is tricking people into giving him money.

Hoodwinker
Nov 7, 2005

Veni Vidi Ameche! posted:

Lol. "I am against trick wealth," shouts the man who is tricking people into giving him money.
Yeah but if you yell it enough it has to be true!

Zamujasa
Oct 27, 2010



Bread Liar

Is there any evidence of this beyond this tweet? I can't find any screenshots or other people saying it.

BUG JUG
Feb 17, 2005



Zamujasa posted:

Is there any evidence of this beyond this tweet? I can't find any screenshots or other people saying it.

You wanna download a browser for some crypto to check? Have fun!

poverty goat
Feb 15, 2004



Brave is not a "crypto browser" it's actually a pretty good chromium-based desktop/phone browser with adblocking, anti tracking, etc. built in without a mod framework in the middle. They've had some weird future monetization plans for a while, such as replacing lovely ads with their own ads and somehow sending revenue along, which seems like it'd piss everyone off also, but the browser is actually fine and not a crypto thing or something that mines coins in the background or whatever unless that's a new development. lol at them keeping unclaimed donations though

poverty goat fucked around with this message at 04:04 on Dec 25, 2018

Powered Descent
Jul 13, 2008

We haven't had that spirit here since 1969.

poverty goat posted:

Brave is not a "crypto browser" it's actually a pretty good chromium-based desktop/phone browser with adblocking, anti tracking, etc. built in without a mod framework in the middle. They've had some weird future monetization plans for a while, such as replacing lovely ads with their own ads and somehow sending revenue along, which seems like it'd piss everyone off also, but the browser is actually fine and not a crypto thing or something that mines coins in the background or whatever unless that's a new development. lol at them keeping unclaimed donations though

Yeah, Brave has been recommended on privacytools.io for some time now, I've been meaning to give it a look. But if this story is legit, then yikes.

poverty goat
Feb 15, 2004



Even if brave is in the wrong here I think this retard baby throwing a shitfit on twitter over pirate donations to him from his fans is also part of the problem

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Tashilicious
Jul 17, 2016

by Jeffrey of YOSPOS

poverty goat posted:

Even if brave is in the wrong here I think this retard baby throwing a shitfit on twitter over pirate donations to him from his fans is also part of the problem

How?

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