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FilthyImp posted:Lol at being happy at living in that early 90s sitcom-set of a house 🤣 I mean at this point having your own goddamn house is aspirational af
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Jan 12, 2021 10:21
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Rolando posted:Plenty of stores accept bitcoin now days, perhaps not the biggest retailers, but I've been able to use bitcoin to pay for anything between TV, laptop and a drone to Steam game keys, VPN subscription and paying freelancers. If something like Amazon were to start accepting it it would be a huge win, but I don't think we're quite there yet with current volatility. As far as I'm aware, most of these don't actually literally accept bitcoin, they use a payment processor that gives them dollars and takes the bitcoin, and probably never even have the bitcoins themsevles.
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Jan 12, 2021 10:22
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Stefan Prodan posted:As far as I'm aware, most of these don't actually literally accept bitcoin, they use a payment processor that gives them dollars and takes the bitcoin, and probably never even have the bitcoins themsevles. That is true, but it makes little to no difference to the end user. All that matters is that it increases adoption of purchasing things right now and when people see option to pay with bitcoin when checking out it adds to the image of legitimacy in eyes of the public. Also setting up a self-hosted payment gateway like https://btcpayserver.org/ is fairly easy and one doesn't have to pay any cuts to external payment processors or banks, which often total to a few percent of each sale. I imagine that in the future it will be a large incentive for all kinds of businesses to increase profits.
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Jan 12, 2021 10:29
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There's a difference between accepting bitcoin directly and accepting it via a medium that pays the seller in USD (what coinbase/bitpay does) and accepting it via a medium that you pay using an altcoin that then pays the seller in USD after they convert it to something else (what pornhub does after Visa/MC cut them off). The first option is less popular now than it was even 3 or 5 years ago. The other two are fake as gently caress and rely on a continuing USD hegemony for their three-card monte to function. Places that used to accept bitcoin directly in the past - steam, overstock, meze grill, wikipedia - no longer do, and some of them moved instead to the fake options while others no longer want to touch bitcoin at all. That's not a currency.
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Jan 12, 2021 10:30
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spankmeister posted:Hi Seraph Yeah this. Did anyone join your discord after your ridiculous ad?
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Jan 12, 2021 11:00
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Rolando posted:Plenty of stores accept bitcoin now days, perhaps not the biggest retailers, but I've been able to use bitcoin to pay for anything between TV, laptop and a drone to Steam game keys, VPN subscription and paying freelancers. If something like Amazon were to start accepting it it would be a huge win, but I don't think we're quite there yet with current volatility.
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Jan 12, 2021 15:02
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all the stuff you can buy directly with btc is also illegal because otherwise people would rather just have real money dollars if they dont have to worry about legality.
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Jan 12, 2021 15:13
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Stealthgerbil posted:all the stuff you can buy directly with btc is also illegal because otherwise people would rather just have real money dollars if they dont have to worry about legality. The only thing I've bought with BTC is domain names 
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Jan 12, 2021 15:23
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I just use real money to pay for my domain names, seems easier.
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Jan 12, 2021 15:54
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I was trying to figure out how to use bitpay but it seems like a bunch of effort too. All of these services kind of suck. The easiest way to actually cash out your buttcoins would be to buy a bunch of drugs from the darknet and then resell them.
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Jan 12, 2021 16:02
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Fame Douglas posted:I just use real money to pay for my domain names, seems easier. On one hand anticrypto people say it's only used for crimes, and with the other hand they wave away all the other things it's used for. Lol
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Jan 12, 2021 16:04
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The point is that pretty much no one uses Bitcoin for any of that because it's not suited to it.
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Jan 12, 2021 16:06
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Depending on your use case it might be uniquely suited for it
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Jan 12, 2021 16:22
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Son of Rodney posted:Is anybody treating it as a currency at this point? I'm pretty sure 99 of people see it as a commodity like gold, it has an intrinsic value (as a means to pay for things) but that is so low compared to the current price that it's basically just something to "invest" in.
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Jan 12, 2021 16:54
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Gold at least has intrinsic value in that it's pretty useful in electronics. The only intrinsic value Bitcoin has is climate change accelerationism.
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Jan 12, 2021 17:06
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One bitcoin transaction uses the same amount of energy as a household does in an entire month such a waste of resources
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Jan 12, 2021 17:31
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Rolando posted:Also, my first post on the forums, hello! Hi, Airdisc🤪! (Lord or I’m old)
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Jan 12, 2021 17:32
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Stealthgerbil posted:I was trying to figure out how to use bitpay but it seems like a bunch of effort too. All of these services kind of suck. The easiest way to actually cash out your buttcoins would be to buy a bunch of drugs from the darknet and then resell them. I'll never not love this Bitpay commercial: https://www.youtube.com/watch?v=0muzuIYY8OY
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Jan 12, 2021 17:42
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I think it is more than a ponzi scheme. It is a ponzi scheme of The Future, the pefect ponzi scheme for the misinformation age. It's tied to tech so idiots and olds can get dazzled by its mysterious inner workings. It acts like a (wildly unstable) stock market so people who think that they're going to outsmart the system will gamble more than they can afford. It's used as a system to launder money and pay for illegal goods and services. It provides a million ways to swindle and commit fraud. But the thing that goons underestimated was the sheer number of idiots willing to hold the bag. Just when we thought it would collapse, more idiots invested. And every time it crashes, it just comes back stronger, because there is an endless sea of idiots and greedy gamblers pouring into the system.
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Jan 12, 2021 18:14
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xtal posted:On one hand anticrypto people say it's only used for crimes, and with the other hand they wave away all the other things it's used for. Lol https://www.europol.europa.eu/newsroom/news/darkmarket-worlds-largest-illegal-dark-web-marketplace-taken-down quote:DarkMarket in figures:
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Jan 12, 2021 18:44
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Pyromancer posted:Just mostly for crimes This is the supposedly the largest criminal market, yet over its lifetime it had: 1. Less transactions than the network processes daily 2. Volume near 0.002% of what the network trades daily
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Jan 12, 2021 18:54
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KinkyJohn posted:But the thing that goons underestimated was the sheer number of idiots willing to hold the bag. Just when we thought it would collapse, more idiots invested. And every time it crashes, it just comes back stronger, because there is an endless sea of idiots and greedy gamblers pouring into the system. We also underestimated how long regulators would ignore this dumb poo poo rather than shutting it down brutally like Liberty Reserve and other digital currency ventures They won't forever, though
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Jan 12, 2021 19:20
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KinkyJohn posted:I think it is more than a ponzi scheme. It is a ponzi scheme of The Future, the pefect ponzi scheme for the misinformation age. It's tied to tech so idiots and olds can get dazzled by its mysterious inner workings. It acts like a (wildly unstable) stock market so people who think that they're going to outsmart the system will gamble more than they can afford. It's used as a system to launder money and pay for illegal goods and services. It provides a million ways to swindle and commit fraud.
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Jan 12, 2021 19:53
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FilthyImp posted:Lol at being happy at living in that early 90s sitcom-set of a house 🤣 Watching married with children in the 90's "haha look at these poors and their crappy house and car" Watching married with children in 2021 "drat this guy has a two story house, car, two children and dog, all while just being a shoe salesman in a mall. What a dream"
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Jan 12, 2021 19:58
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KinkyJohn posted:But the thing that goons underestimated was the sheer number of idiots willing to hold the bag. Just when we thought it would collapse, more idiots invested. And every time it crashes, it just comes back stronger, because there is an endless sea of idiots and greedy gamblers pouring into the system. This forum has a least one Star Citizen thread so not comprehending this is not only on you but poor financial planning. Sure many schemes never make it off the ground despite disproportionate attention. That includes many cryptocurrencies. But once you've seen hoe many true believers there are the idea that it will just instantly go away is silly.
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Jan 12, 2021 19:59
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Fame Douglas posted:Gold at least has intrinsic value in that it's pretty useful in electronics. The only intrinsic value Bitcoin has is climate change accelerationism. Less people, less bitcoins, thus increasing the value of the remainders. This is good for bitcoin.
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Jan 12, 2021 20:19
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Ad by Khad posted:There's a difference between accepting bitcoin directly and accepting it via a medium that pays the seller in USD (what coinbase/bitpay does) and accepting it via a medium that you pay using an altcoin that then pays the seller in USD after they convert it to something else (what pornhub does after Visa/MC cut them off). KinkyJohn posted:I think it is more than a ponzi scheme. It is a ponzi scheme of The Future, the pefect ponzi scheme for the misinformation age. It's tied to tech so idiots and olds can get dazzled by its mysterious inner workings. It acts like a (wildly unstable) stock market so people who think that they're going to outsmart the system will gamble more than they can afford. It's used as a system to launder money and pay for illegal goods and services. It provides a million ways to swindle and commit fraud.
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Jan 12, 2021 21:44
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"Analyst: 1,500 Bitcoins Lost Every Day, Less Than 14 Million Coins Will Ever Circulate" https://news.bitcoin.com/analyst-1500-bitcoins-lost-every-day-less-than-14-million-coins-will-ever-circulate/
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Jan 12, 2021 21:51
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Harminoff posted:Watching married with children in the 90's "haha look at these poors and their crappy house and car" See also: any song by Billy Joel, Bruce Springsteen, and John Cougar Mellencamp.
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Jan 12, 2021 22:34
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Waltzing Along posted:And why would you ever cash in your btc? it's going to the moon so that $400 you'd pay for a PS4 pro might be worth $800 the next day. Only a fool would ever sell their bitcoin? one bitcoin will always be one bitcoin
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Jan 12, 2021 22:54
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Rectal Death Adept posted:one bitcoin will always be one bitcoin A bitcoin is valueless except compared with an actual currency for obvious reasons.
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Jan 12, 2021 23:01
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Rectal Death Adept posted:one bitcoin will always be one bitcoin Yup. Indian math history shows 0=0. Science!
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Jan 12, 2021 23:09
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Bright Bart posted:This forum has a least one Star Citizen thread so not comprehending this is not only on you but poor financial planning. This is fun, because this exact line of thinking regarding regular currency is ignored and that has drat near 8 billion users
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Jan 12, 2021 23:23
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Ghost Leviathan posted:I mean at this point having your own goddamn house is aspirational af
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Jan 13, 2021 01:47
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So what's going with Kodak's cryptocurrency? Didn't their stock shoot up 300% last year when they announced they'll mine crypto now instead of making film and stuff? Is their HQ on the moon yet?
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Jan 13, 2021 02:41
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Rad Russian posted:So what's going with Kodak's cryptocurrency? Didn't their stock shoot up 300% last year when they announced they'll mine crypto now instead of making film and stuff? Is their HQ on the moon yet? Nothing came of it, naturally. Their ICO was a massive bust and only took in a few million. The development company stopped paying their developers, who promptly hosed off. They briefly pivoted from "we're making a ML-powered automated copyright troll" to "we're making a licensing system for sports and paparazzi photos," and then just quietly disappeared entirely. All the websites related to it have disappeared from the internet, and the companies involved are all pointing fingers at each other. KODK was back to being a garbage stock by mid-2020. More recently, they tried another pump-and-dump -- this one not crypto-related -- by announcing that they were pivoting to pharmaceutical manufacturing and getting a massive government loan for COVID-related work. KODK spiked 2100% on that -- and whoopsy doodle, turns out the executives did some insider trading around that! The SEC has pounced, and now their stock is in the shitter again. (Although admittedly it's still higher than it was during the KodakOne debacle).
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Jan 13, 2021 03:07
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As I said in Doomsday Economics: the market can remain irrational longer than you can remain alive
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Jan 13, 2021 13:25
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Slightly Absurd posted:"Analyst: 1,500 Bitcoins Lost Every Day, Less Than 14 Million Coins Will Ever Circulate" Sounds legit, just take a load of this guy: https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html He lost password to encrypted USB drive that contains a wallet with over 7000 BTC. Best part is that the USB is some fancy security variant that will wipe itself if you guess the password wrong 10 times. He's at 8 attempts. Would NOT want to be him right now.
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Jan 13, 2021 14:03
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Rolando posted:Sounds legit, just take a load of this guy: If I were him I'd probably devote my time to experimenting with hypnosis or pseudoscience dream states trying to remember the pass.
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Jan 13, 2021 15:54
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https://mobile.twitter.com/MNateShyamalan/status/1348360924818796544
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Jan 13, 2021 23:01
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