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didn't that exist once before and it was banned by reddit and twitter?
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Feb 16, 2019 21:02
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Sedge and Bee posted:The same way exchanges do, by adding a little to every transaction between bitcoin and usd. But yeah, if it was a credit union, the idea would be to lend some of it out, possibly even generating interest. since your "bank" would be radioactive illegal anyway it's easiest just to steal the money and run
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Feb 16, 2019 21:08
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LongDarkNight posted:didn't that exist once before and it was banned by reddit and twitter? i think the main bitcoin one died but there are ones for alternative bitcoins one of the main issues with them is that you get tipped so little that you'd have to save up enough to pay for the transaction fees to actually withdraw it from their system(because of course it wasn't actually done on the blockchain) so many tips just got abandoned
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Feb 16, 2019 21:08
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Notorious b.s.d. posted:since your "bank" would be radioactive illegal anyway it's easiest just to steal the money and run Yeah I mean that's ultimately the problem I guess, any bitcoin banking co-op would have to be built within a legal framework which is why bitcoiners would hate it. But if they actually wanted mass adoption, that would actually be a step towards that. Instead they just wait until everybody with resources decides they need the decimal points on a database file.
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Feb 16, 2019 21:11
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when has an idea being illegal ever stopped the bitcoiners? an idea being to much effort is what stops them
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Feb 16, 2019 21:12
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stupid idea for a smart contract: guaranteed lending - if the loan isn't paid back in full with interest by the specified date, the original coins that were loaned out goes back to cover the missing balance, no matter who the current owner is this is good because the threat of getting their coins pulled will keep everyone in the ecosystem honest, right?
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Feb 16, 2019 21:23
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Something like bitcoin kind-of makes a little sense on the international inter-banking level. There doesn’t have to be many transactions and there’s not really a central authority. You probably also don’t want everybody to have to trust everybody (a Ukrainian bank might never trust a Russian bank, but a Belarussian probably would). Maybe that’s kind of JP Morgan’s idea?
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Feb 16, 2019 21:24
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the other problem with lending bitcoin is that since it's a pure speculative asset rather than a proper currency the price isn't remotely stable. if i want to borrow 10btc for a year and actually spend it rather than hodl, if there's a new bubble i'm screwed because my repayments are now gigantic (in reality i'll just default). on the other hand, if there's a crash the bank is screwed because they basically handed me a bunch of free money. so neither side would actually want to risk doing the loan.
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Feb 16, 2019 21:27
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LongDarkNight posted:didn't that exist once before and it was banned by reddit and twitter? the difference now is that a few days ago the twitter ceo announced that he's been converted into a hardcore bitcoiner and has been tweeting up a storm about how bitcoin is obviously the future and all the other usual breathless claims made by bitcoiners everywhere. he's trying pretty hard to convert as many twitter users as possible
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Feb 16, 2019 21:41
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im sure this will go well for him just like how it went for the ceo of overstock
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Feb 16, 2019 21:42
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he's actually open to the idea https://mobile.twitter.com/jack/status/1092979904176484354
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Feb 16, 2019 21:44
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do 99% of people on twitter know who jack is? i only know of him because it came up before that he's a racist cannibal but beyond that i have no idea
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Feb 16, 2019 21:50
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...! posted:he's actually open to the idea Is Jack the dumbest of the big tech CEOs? It always seems like everyone is trying to imagine these grand political motives for what he's doing when in reality I think it's just like this Simpsons scene https://www.youtube.com/watch?v=ajA0ZFWXqnw
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Feb 16, 2019 22:02
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LanceHunter posted:Is Jack the dumbest of the big tech CEOs? Are we counting Musk?
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Feb 16, 2019 22:09
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gschmidl posted:Are we counting Musk? https://www.youtube.com/watch?v=4bgMCNXzNtE
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Feb 16, 2019 22:27
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The great thinkers - Zorblax from planet Gorn, T'Pau from Vulcan and Ol' Musky, inventor of the Tesla electric vehicle.
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Feb 16, 2019 22:31
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Lambert posted:The great thinkers - Zorblax from planet Gorn, T'Pau from Vulcan and Ol' Musky, inventor of the Tesla electric vehicle. no he invented the rocketship
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Feb 16, 2019 22:33
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So no then?
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Feb 16, 2019 22:48
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gschmidl posted:So no then? he isnt a ceo he is a great explorer like chris columbus
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Feb 16, 2019 22:51
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https://mobile.twitter.com/CobraBitcoin/status/1096826273710657536
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Feb 16, 2019 23:04
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https://mobile.twitter.com/CobraBitcoin/status/1092415070099918848
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Feb 16, 2019 23:07
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oh wow im agreeing with luk---jr https://twitter.com/LukeDashjr/status/1092425480605700098
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Feb 16, 2019 23:08
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https://mobile.twitter.com/CobraBitcoin/status/1083102680850018308
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Feb 16, 2019 23:08
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https://mobile.twitter.com/CobraBitcoin/status/1083099566419914752
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Feb 16, 2019 23:11
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wait rodger ver??
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Feb 16, 2019 23:12
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even if you could decide on who was evil and your anonymity worked how would you then find them to assassinate them?
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Feb 16, 2019 23:12
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https://mobile.twitter.com/CobraBitcoin/status/1077530349201223680
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Feb 16, 2019 23:12
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okay so c0bra is one or more white men.
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Feb 16, 2019 23:14
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Boxturret posted:wait roger owns .com not .org
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Feb 16, 2019 23:14
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oh i didn't know there was a fork in the bitcoinsite space 
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Feb 16, 2019 23:16
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https://mobile.twitter.com/CobraBitcoin/status/1075067464600428544
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Feb 16, 2019 23:19
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https://mobile.twitter.com/CobraBitcoin/status/1067764317695688706
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Feb 16, 2019 23:22
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https://mobile.twitter.com/CobraBitcoin/status/1059942197150302209
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Feb 16, 2019 23:24
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True - that’s why everybody is using Diaspora today instead of Facebook.
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Feb 16, 2019 23:26
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whoops
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Feb 16, 2019 23:26
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https://mobile.twitter.com/CobraBitcoin/status/1056348613197082627
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Feb 16, 2019 23:28
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...! posted:whoops  seeing how much bitcoiners hate other bitcoiners that use the wrong bitcoin variant makes me happy https://twitter.com/johnbyproxy/status/1060000718738853888
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Feb 16, 2019 23:28
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https://mobile.twitter.com/CobraBitcoin/status/1055163391663333379
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Feb 16, 2019 23:31
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It must be exhausting to have to constantly convince yourself that you have not made giant financial mistakes and are in fact a misunderstood genius so far ahead of everyone else.
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Feb 16, 2019 23:32
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https://mobile.twitter.com/CobraBitcoin/status/1051902512880594945
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Feb 16, 2019 23:33
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