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BSN_tg_bgg posted:I didn’t dodge your question. I just wrote words. Just like the rest of this thread. Bitcoin? More like bitconn am I right? Yes I am. Bitcoin is a scam! Don’t buy Bitcoin.  Also remember when bruce wagner was a mortgage scammer and also insisted on a bitcoin conference being held in Pattaya Thailand?
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Feb 9, 2021 22:36
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Bitcoin is a Ponzi scheme and the existence of other Ponzi schemes does not change that, lol Also a little bit of inflation is a good thing, social security is a good thing unless you post exclusively on libertarian forums I guess. I guess Bitcoin exploits people’s ignorance of economics, business/finance, and tax/government/monetary policy: Taxes are good. The best way to increase absolute GDP, economic output, average and median wealth metrics, and quality of life is through good governance supported by a robust, growing tax base. BSN_tg_bgg posted:You guys are smart. I bet you went to college. gently caress you jokes fucked around with this message at 22:44 on Feb 9, 2021 |
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Feb 9, 2021 22:42
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EorayMel posted:
Remember when the blockchain had actual child porn on it? Boy, that was embarrassing, I'm so glad that they fixed that issue so that all of the folks with a copy of the bitcoin blockchain don't have child porn on their computers. Inflation is an uncomplicated topic and anyone can learn about it easily, and it is intellectually cowardly to avoid information for the sake of preserving a sad fantasy.
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Feb 9, 2021 22:43
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BSN_tg_bgg posted:That’s right. I’m the moron remember? I have no idea what inflation is or why my grandpa only paid $0.10 for a candy bar. You guys are smart. I bet you went to college. BSN_tg_bgg posted:
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Feb 9, 2021 22:45
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gary oldmans diary posted:but seriously look at this. he legit doesnt know what inflation is And when you get back, Seraph, I'm pretty sure you would absolutely back Hitler if you thought he'd be good for Bitcoin and would give you a higher perch to crow from
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Feb 9, 2021 22:50
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^^^ didn't Bruce get busted on some sort of sexual crimes charge making the choice of location really obvious in hindsight? Seraph because you ARE reading the thread obsessively, perhaps you can answer: when the "hiperbitcoinization" (lol) happens, where are you going to deliver your triumphal speech from? Does your coop have a suitable balcony to look at the crying nocoiner masses below? Are you going to wear the same bathrobe+ bitcoin socks combo as in that one photo? How long do you think it will be before those same hungry pained masses of nocoiners notice you have the only "store of wealth" left in your ridiculously unsecured coop and decide to tear you limb to limb for the password to your TrentReznor devices? How many seconds of torture do you think you will last before revealing "horsebatterystapler" is your password? Have you considered this part in your fantasies, or is reading this post the first time? If you did consider this before, how are you going to protect yourself from the throngs of nocoiners? You've gone on record in this very same thread as saying the singularity is going to happen "sooner than we think" so surely you're already taken steps like stockpiling food and weapons and a safe place with generators and computers and fuel, right?
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Feb 9, 2021 22:52
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gary oldmans diary posted:but seriously look at this. he legit doesnt know what inflation is He knows inflation the way a child knows it, that things used to be cheap and now they're expensive and back in grandpa's day you could buy a chocolate bar for a nickel He has no comprehension of a world that is more complicated than getting an allowance and saving up to spend it on bullshit
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Feb 9, 2021 22:52
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Stealthgerbil posted:I think at this point, the chance of bitcoin becoming worthless or even dropping under like $1k USD is pretty much impossible. Its never going to be worthless unless someone cracks the blockchain itself. Just too many people who would buy a 1k buttcoin. the only thing that will kill bitcoin is if any other cryptocurrency ever has a purpose/point that anyone gives a poo poo about in the era of pointless crypto (2009-Present) the first one people hear of will reign supreme. That's bitcoin. It has the brand recognition, and only the brand recognition, to stand out from 6,000 other identical cryptocurrencies. That's all it needs because that is the entire depth of the cryptocurrency market. Dogecoin gets hundreds of millions of dollars flowing into it because someone mentioned it. "Bitcoin" is currently synonymous with cryptocurrency. If there ever is an era of cryptocurrency actually doing stuff, being useful or being mass adopted, then whatever coin that is will immediately replace bitcoin at the top. But you are right, it will never be worthless because of how many people have gone insane over it. Even if ShitcoinSupreme is $100,000/coin and accepted everywhere instantly you'll have 2040 era hipsters ironically running bitcoin mining rigs and trading them to the true believers that are still around. Rectal Death Adept fucked around with this message at 23:00 on Feb 9, 2021 |
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Feb 9, 2021 22:55
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"gimmie five btc's for a quarter, we'd say"
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Feb 9, 2021 23:03
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Rectal Death Adept posted:But you are right, it will never be worthless because of how many people have gone insane over it. Even if ShitcoinSupreme is $100,000/coin and accepted everywhere instantly you'll have 2040 era hipsters ironically running bitcoin mining rigs and trading them to the true believers that are still around. Yup this is what I meant. I didn't mean it would never go to zero because it has a useful purpose, more like it will never go to zero because of crazy people and name recognition.
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Feb 9, 2021 23:06
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Musk's going to transfer his bitcoin profit into a fork and name it after some anime robot
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Feb 9, 2021 23:10
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Fried Watermelon posted:Musk's going to transfer his bitcoin profit into a fork and name it after some anime robot With forks, you keep both currencies. That's why Bitcoin Gold and all those other forks happened.
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Feb 9, 2021 23:11
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Fried Watermelon posted:Musk's going to transfer his bitcoin profit into a fork and name it after some anime robot I was going to say that Evangelion-coin would corner all the pedophiles into adoption, but they’re already all in regular bitcoin
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Feb 9, 2021 23:13
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Stealthgerbil posted:Yup this is what I meant. I didn't mean it would never go to zero because it has a useful purpose, more like it will never go to zero because of crazy people and name recognition. It doesn't need to go to zero for obvious marks like our big wet boy to lose their loving shirts All it needs to do is lose enough value suddenly enough that the things they were sure they were all prepped to pay for can no longer be afforded If you've got three million actual dollars' worth of funny money and you decide to take on a million actual dollar debt because you're sure that it'll be a pittance to you once the price of funny money goes to the moon, it doesn't take much of a fall for that suddenly to be a debt your funny money cannot pay for (especially since exchanges have a real bad habit of locking their doors or disappearing entirely during sharp falls)
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Feb 9, 2021 23:34
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gary oldmans diary posted:oh man you can just see seraphs fantasy here I can't wait to become a multimillionaire so I can spend all my time on a forum trying to convince a bunch of mocking strangers that I'm a multimillionaire.
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Feb 10, 2021 00:05
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I'm a multimillionaire, but the multiple is less than 1
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Feb 10, 2021 00:06
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how are all bitcoin people so similar?? it's like they're producing them in a factory somewhere. don't really care about the thing itself but it's loving uncanny how they all act the same and say the same things and have the same motivations
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Feb 10, 2021 00:13
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Play posted:how are all bitcoin people so similar?? it's like they're producing them in a factory somewhere. don't really care about the thing itself but it's loving uncanny how they all act the same and say the same things and have the same motivations I recommend reading "The politics of bitcoin", recommended to me by Dgerard himself.
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Feb 10, 2021 00:15
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Play posted:how are all bitcoin people so similar?? it's like they're producing them in a factory somewhere. don't really care about the thing itself but it's loving uncanny how they all act the same and say the same things and have the same motivations It’s closer to a cult than any other form of community. Conformity to hodl gang is priority #1, but instead of a charismatic leader they’re worshipping a golden calf you can’t actually touch or see
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Feb 10, 2021 00:22
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I dunno guys, if you graph bitcoin over the last few years it's more stable than seraph's manic/depressive mood swings. I say buy.
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Feb 10, 2021 00:31
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The Bible posted:I can't wait to become a multimillionaire so I can spend all my time on a forum trying to convince a bunch of mocking strangers that I'm a multimillionaire. Maybe it's like a communal version of The Secret? Instead of believing really hard that you'll be a multimillionaire to make it happen, you have to convince a bunch of strangers that you're a multimillionaire. Because if the power of belief makes it happen, 10 strangers believing is 10 times more powerful of course. It makes sense! ... BTW have I ever told you guys about my 10" penis?
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Feb 10, 2021 00:53
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Play posted:how are all bitcoin people so similar?? it's like they're producing them in a factory somewhere. don't really care about the thing itself but it's loving uncanny how they all act the same and say the same things and have the same motivations Someone who was genuinely convinced of the long term value of the butt would probably instead start talking a lot about how this might be the time to realize your gains, to diversify, to generally avoid things, perhaps take a bearish case, so that the price goes down, and they can in fact, "hodl."
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Feb 10, 2021 00:54
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i'm not sure if anyone else is noticing this, and, honestly, i might be imagining things, but people skills do not seem to be seraph84's forte.
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Feb 10, 2021 01:12
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Rectal Death Adept posted:the only thing that will kill bitcoin is if any other cryptocurrency ever has a purpose/point that anyone gives a poo poo about IMO there are two existential threats to existence of Bitcoin: A. Privacy Coins. This is your criteria of "useful" crypto. So-called privacy coins are designed with privacy in mind. Unlike Bitcoin, which was designed to allow a sperg to buy model trains without paying FEES to bankers, their whole point is enable money laundering and illicit transactions. They do something genuinely "useful" and different from Bitcoin. This is also their weakness: the only reason to trade Monero or other privacy coins is to do crimes and you cannot do AML/KYC with it, so legitimate exchanges like Coinbase & Gemini do not list them and it will be much easier to get an international agreement to ban their trading. Bitcoin has enough useful idiots speculating and performatively buying cans of beans to provide a fig leaf covering for the criminals who actually use it. This brings us to B. B. Regulatory extermination. Sure, the world's government can't realistically stop bitcoin mining entirely or prevent transactions from going through, but they can bring the hammer down on the entry and exit points into the network and effectively end the ability to trade it. If the US government says you're getting cut off from us if your bank allows crypto trading, everyone's going to fall in line real quick. If the only way to buy or sell Bitcoins is arranging a meeting with a guy from the dark web in a Starbucks with a plastic bug full of Amazon gift cards, nervously clutching the 3D printed gun in your coat, then we've won and the Bitcoin dystopia will not be.
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Feb 10, 2021 01:27
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Only serious libertarian brainworms could make you see parallels between social security and Bitcoin. Bitcoin is a scam.
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Feb 10, 2021 03:11
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Nessus posted:In addition to all of them hanging out in the same fart-bubbles (I remember hearing people post rapturously about the prospect of sending a washing machine a bitcoin tip to do an extra wash cycle), they all have exactly the same material motivation: They want to convince people into buying bitcoins, because if more people do, the number goes up. If you assume all your ideological opponents are operating in bad faith, or have some fiendish financial agenda, you're never going to be open to having a genuine conversation. Communication completely shuts down and (as we've seen) becomes toxic when you assume the worst of those on the other side of the argument. I'm not trying to manipulate you or trick you. I'm already wealthy, I have meaningful work that I love, and I don't care what you do with your money. I've said it before, and I'll say it again: I'm trying to help you. Why? Because this place has helped me out tremendously. The humor of this community has seen me through some very difficult times in my life over the course of the past six years. Nessus posted:There is absolutely no input into Bitcoin the way that, for instance, Tesla stock has some hypothetical connection to the company's earnings, or serves to some extent as a proxy for "investing in electric car technology." (I do not say that this makes sense, merely that there is something actual connected to the topic.) Nessus posted:Someone who was genuinely convinced of the long term value of the butt would probably instead start talking a lot about how this might be the time to realize your gains, to diversify, to generally avoid things, perhaps take a bearish case, so that the price goes down, and they can in fact, "hodl." Zefiel posted:when the "hiperbitcoinization" (lol) happens, where are you going to deliver your triumphal speech from? Zefiel posted:Does your coop have a suitable balcony to look at the crying nocoiner masses below? Zefiel posted:Are you going to wear the same bathrobe+ bitcoin socks combo as in that one photo? Zefiel posted:How long do you think it will be before those same hungry pained masses of nocoiners notice you have the only "store of wealth" left in your ridiculously unsecured coop and decide to tear you limb to limb for the password to your TrentReznor devices? Zefiel posted:How many seconds of torture do you think you will last before revealing "horsebatterystapler" is your password? Zefiel posted:Have you considered this part in your fantasies, or is reading this post the first time? Zefiel posted:If you did consider this before, how are you going to protect yourself from the throngs of nocoiners? Zefiel posted:You've gone on record in this very same thread as saying the singularity is going to happen "sooner than we think" so surely you're already taken steps like stockpiling food and weapons and a safe place with generators and computers and fuel, right? Anyway, as per tradition, I'll leave you with a song: https://www.youtube.com/watch?v=KTf5j9LDObk NevrStopStacknSats fucked around with this message at 05:45 on Feb 10, 2021 |
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Feb 10, 2021 05:37
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Gobbeldygook posted:A. Privacy Coins. This is your criteria of "useful" crypto. So-called privacy coins are designed with privacy in mind. Unlike Bitcoin, which was designed to allow a sperg to buy model trains without paying FEES to bankers, their whole point is enable money laundering and illicit transactions. They do something genuinely "useful" and different from Bitcoin. This is also their weakness: the only reason to trade Monero or other privacy coins is to do crimes and you cannot do AML/KYC with it, so legitimate exchanges like Coinbase & Gemini do not list them and it will be much easier to get an international agreement to ban their trading. Bitcoin has enough useful idiots speculating and performatively buying cans of beans to provide a fig leaf covering for the criminals who actually use it. This brings us to B. Gobbeldygook posted:Regulatory extermination. Sure, the world's government can't realistically stop bitcoin mining entirely or prevent transactions from going through, but they can bring the hammer down on the entry and exit points into the network and effectively end the ability to trade it. If the US government says you're getting cut off from us if your bank allows crypto trading, everyone's going to fall in line real quick. If the only way to buy or sell Bitcoins is arranging a meeting with a guy from the dark web in a Starbucks with a plastic bug full of Amazon gift cards, nervously clutching the 3D printed gun in your coat, then we've won and the Bitcoin dystopia will not be. 
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Feb 10, 2021 05:39
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The US government is terrified of Bitcoin lol
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Feb 10, 2021 05:41
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The next thing is SPACs, sorry coiners.
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Feb 10, 2021 05:46
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NevrStopStacknSats posted:I'm trying to help you. no one wants your help, creepy pedo dude. it's midnight where you are. gently caress off. bitcoin is a decentralized, automated hybrid Ponzi and pyramid scheme.
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Feb 10, 2021 06:02
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NevrStopStacknSats posted:I'm just going to leave this here: https://bigthink.com/institute-for-humane-studies/solutions-to-polarization Also, you have absolutely accidentally lost your bitcoins, haven't you
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Feb 10, 2021 06:04
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Nessus posted:I mean I have no impression you want to build any kind of fellowship, this all comes off like the equivalent of those dudes who visit Jerusalem and are moved to fashion robes of hotel sheets and go give a sermon on some meandering bullshit to a guy trying to sell falafels.
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Feb 10, 2021 06:05
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the truth was...everyone in the thread was mentally ill
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Feb 10, 2021 06:08
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I am pretty sure good faith when giving financial advice is called doing your duty as a Fiduciary. Telling people to put their money in a highly volatile speculative asset that you would directly benefit from if more people do is not it. Not even wallstreetbets would this poo poo fly there.
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Feb 10, 2021 06:08
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NevrStopStacknSats posted:Keep spinning those comforting stories, nocoiners. I have never lost a single Satoshi. This is your just fruits as a Doge Denier (Dogenier)
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Feb 10, 2021 06:11
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Vire posted:I am pretty sure good faith when giving financial advice is called doing your duty as a Fiduciary. Telling people to put their money in a highly volatile speculative asset that you would directly benefit from if more people do is not it. Not even wallstreetbets would this poo poo fly there. Hint: It's only volatile because the world hasn't figured out how precious bitcoin is yet.
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Feb 10, 2021 06:12
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Nessus posted:lmao, was it Gox?
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Feb 10, 2021 06:13
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if i were a millionaire living in New York, the literal cultural mecca of the United States, i too would waste my time trying to wring approval from strangers on the internet instead of enjoying the thousands of venues available to me right this moment.
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Feb 10, 2021 06:14
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wow the obviously manic and impulsive person demonstrating severe incapability of learning from past mistakes has financial advice, you say?
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Feb 10, 2021 06:14
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tango alpha delta posted:if i were a millionaire living in New York, the literal cultural mecca of the United States, i too would waste my time trying to wring approval from strangers on the internet instead of enjoying the thousands of venues available to me right this moment. NevrStopStacknSats fucked around with this message at 06:17 on Feb 10, 2021 |
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Feb 10, 2021 06:15
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