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Somfin posted:What makes you a coiner? What drew you to the coin life? I don't understand the guy who keeps posting pedophelia on the blockchain, that doesn't even make sense.
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Feb 14, 2021 06:43
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Bitcoin is as much an asset class as an array of fishing rods all along the edge of Loch Ness trying to hook Nessie. Also SPY and QQQ are pretty terrible ETFs for stock market investment.
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Feb 14, 2021 06:48
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Fist posted:LOL coiner. it's an asset class, or an investment vehicle like stocks, real estate, bonds. Those are all attached to things that actually exist, though. Bitcoin is a completely artificial vehicle, a bubble that is based on exactly nothing.
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Feb 14, 2021 07:09
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New character just dropped for 2021: Crypto Mom https://twitter.com/coinmama/status/1360656636063408137?s=20 https://www.yahoo.com/finance/news/clear-crypto-rules-urgently-needed-192644366.html Who is this? Some fringe activist investor? No. She's an SEC commissioner lmao. strange feelings re Daisy fucked around with this message at 07:14 on Feb 14, 2021 |
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Feb 14, 2021 07:12
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hbag posted:i would like to learn more about this seraph fellow so i, too, can point and laugh just sit tight for a few days, he'll make another pass soon enough
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Feb 14, 2021 07:18
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Fist posted:LOL coiner. it's an asset class, or an investment vehicle like stocks, real estate, bonds. Personally I think of it as an ETF for the crypto sphere like qqq or spy is for stock markets. I look at my portfolio after 5 years, btc had outperformed spy and qqq by a huge percent. For discretionary investing heck yeah get some BTC in your portfolio it's super basic. You know of course keep your IRA maxed every year etc, it's not BTC or die, its a nice hedge. Seraph84 and his various alts is suffering from poster brain and despite what appears to be substantial potential gains which could even be realized, is obsessed with hollering at goons. This is a plague that many humans suffer from. The pedophilia on the blockchain is because the underlying thing of bitcoin involves, basically, a ledger file that the whole "mining" operation writes to when it makes a new block. (This isn't quite right but it doesn't actually matter.) Some of the entries on this ledger file are things like "dickbutt," "the entire text of John Galt's Speech" and what I believe is binary-encoded text which if decrypted the way you would decrypt a usenet image, is child porn. There are also URLs that at some point also pointed at child porn.
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Feb 14, 2021 07:29
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hbag posted:i would like to learn more about this seraph fellow so i, too, can point and laugh Turn off your monitor.
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Feb 14, 2021 15:56
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Fist posted:LOL coiner. it's an asset class, or an investment vehicle like stocks, real estate, bonds.
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Feb 14, 2021 21:23
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If you dont have any pegglecoin you are missing out though
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Feb 14, 2021 23:18
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Stealthgerbil posted:If you dont have any pegglecoin you are missing out though You mean PeggedCoin right? Right? Because my wife... my wife said...
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Feb 14, 2021 23:31
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Gazpacho posted:If it is an asset, then it is an asset like no other. It captures no rent or surplus. It has no underlying use-value that can be consumed. It has no obligor and is legal tender in no jurisdiction. The increasing amounts of cash coming out of each bitcoin reflect the increasing amounts that other people are putting in.
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Feb 14, 2021 23:33
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Derivatives are still pinned, in some way, to some asset that does things.
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Feb 14, 2021 23:37
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And many derivatives serve a purpose beyond blind speculation. Commodities futures, e.g., ensure that producers can be assured a market no matter the precise spot price of their goods, and that consumers can have a guaranteed supply at a set price irrespective of supply. Mortgages in the US exist because they can be packaged into CDOs and enable liquidity for lenders. (Whether this is as regulated as tightly as they could be is of course a problem that reared its ugly head in 2008.) Many financial products actually do serve a useful purpose; it's the gambling around them that can be seen as socially useless activity.
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Feb 14, 2021 23:43
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Derivatives themselves aren't inherently poisonous, but awarding exceptionally lovely ones investment-grade ratings while allowing the issuer to insure against their inevitable failure is the kind of perverse incentive that leads to a whole bunch of contagion. Corporations and banks getting in on a speculative bubble for crime coins is how a lot of average citizens get hurt. Shumagorath fucked around with this message at 11:39 on Feb 15, 2021 |
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Feb 14, 2021 23:57
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More to the point, derivatives have obligors. Someone is obligated to deliver oil, to sell at a strike price, to pay out if someone defaults, etc.
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Feb 15, 2021 02:52
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And the bit where the exchange doesn't get hacked and 20% of traders don't get their futures contracts stolen is always nice.
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Feb 15, 2021 04:10
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xtal posted:I once drew a penis on a check I cashed I once ordered checks with a pre-printed penis instead of an account number. Also, my real name is “Byron D. Hugecock.”
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Feb 15, 2021 05:02
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i have no loving idea where my chequebook is (or "paying-in slip book" as those losers at my bank call them) but im certain its somewhere in my bedroom
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Feb 15, 2021 05:07
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HugeGrossBurrito posted:nice try seraph 
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Feb 15, 2021 05:43
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Shumagorath posted:We've reached the Institutional Delusion part of the bubble. Is it almost to the point when Bitcoin (which is the entire history of economics, mostly the scams, played in fast-forward) catches up timewise to the 2021 real economy? Maybe that’s the singularity...
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Feb 15, 2021 06:09
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Gazpacho posted:More to the point, derivatives have obligors. Someone is obligated to deliver oil, to sell at a strike price, to pay out if someone defaults, etc. cryptohype sorta reminds me of the XIV craze now that i'm thinking about it wyoak fucked around with this message at 06:27 on Feb 15, 2021 |
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Feb 15, 2021 06:18
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gary oldmans diary posted:if only we could utilize bitcoins proof of work algorithm in the real world You are supposed to dry the strawberries, not set your mining rig on fire!
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Feb 15, 2021 06:20
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wyoak posted:was more thinking things like VIXY, although gently caress if i know how that actually works so maybe it is actually tied to something real lovely as they were, though, they still did something; they were a measure of how rapidly price changed in the exchanges. They relied on the purchasing and selling of options to gauge the risk of a rapid swing in the price of stocks. XIV went to hell because they sold puts that would expire worthless, and when those puts actually closed in the money they got hosed. But behind the scenes they did do something, and arguably it wasn't an activity that should have had retail exposure, but there were things being done to generate a return. Bitcoin...just doesn't do that.
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Feb 15, 2021 15:29
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So Elon Musk seems to be spending half his day on doge.
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Feb 16, 2021 01:03
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Bright Bart posted:So Elon Musk seems to be spending half his day on doge. man i JUST sold all mine
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Feb 16, 2021 01:18
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hbag posted:man i JUST sold all mine Sold or converted to something else?
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Feb 16, 2021 01:24
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Bright Bart posted:Sold or converted to something else? ehhhhhhhhhhhhh converted to USDT binance wont let me sell it for actual real not-neckbeard money in my goddamn bank account unless i give them a photo of my ID ...and i dont have a photo ID yet because the government are somewhat occupied with The Apocalypse
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Feb 16, 2021 01:25
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hbag posted:ehhhhhhhhhhhhh converted to USDT Boooring.
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Feb 16, 2021 01:47
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hbag posted:ehhhhhhhhhhhhh converted to USDT still taxable, dont gently caress up next year's return
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Feb 16, 2021 03:48
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Ad by Khad posted:still taxable, dont gently caress up next year's return jokes on you bitch im british i dont manually file taxes
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Feb 16, 2021 03:51
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hbag posted:jokes on you bitch im british i dont manually file taxes
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Feb 16, 2021 04:06
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impounded sex arse gets pegged by bitcoin
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Feb 16, 2021 12:49
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Uranium 235 posted:let's face it, seraph84 is the real heart and soul of the GBS bitcoin thread  Flunky posted:all those people who bought lovely 90s sports cards are gonna have the last laugh. just like the bitcoin ppl who kept hodling Waltzing Along posted:So BTC is going to replace USD? It's an interesting theory. Waltzing Along posted:You know that is not going to happen. Forget about the price. Read the news. Check the major crypto exchanges' new user data. Better yet, take a few steps out of your filthy goon hovel and talk to people about it. I know you're deeply emotionally invested in this argument, after all, you've been denying reality for so long. But I also know you must be getting tired. This level of denial has to be so exhausting. Isn't it about time you accept reality? You were wrong. You've lost. Have the dignity to accept this with humility and grace. Waltzing Along posted:Other countries will do it. They will get rid of their reliance on US backing in order to switch to BTC. Waltzing Along posted:The UK will never ever ever do it because they didn't even want to get rid of the pound when they were in the EU... Waltzing Along posted:I'll give it to you that the idea of a single world currency is a nice one. But it's not going to happen with BTC. The power shift that would have to occur is far too great to ever happen.  Waltzing Along posted:
We have our eye on the Sun Sanctuary - all inclusive of course. Waltzing Along posted:Grow up, Seraph. Stop being part of the problem. Do something with your life so when you get close to death you can look back and be proud that you led a good life. Anyhow, let's break down these baseless claims of yours about me, shall we? Waltzing Along posted:As opposed to the sadness that you are currently awash in. The truth is, I'm happier and more satisfied now than I'm ever been in my life. After all, I have so, so much to be grateful for! I have meaningful work I love, wherein each day I get to have a powerful impact on the lives of my fellow New Yorkers. I have a compassionate, smart, beautiful loving wife, and a healthy extended family. I have a smallish but deeply close group of IRL friends, a large and international group of gamer buds, two adorable cats, hobbies I can enjoy even during a pandemic. And, of course, I now have enough wealth to take care of myself, my wife, and my family for the rest of our lives – assuming fairly modest lifestyle choices by NYC standards. Waltzing Along posted:As amusing as your mania can be, the source of it is some serious brain worms. Waltzing Along posted:I really hope you can get over it and become happy. As per tradition, I leave you with a song: https://www.youtube.com/watch?v=ZeMlQEWEg2Q Yours in compassion and solidarity, You know who 
Bitdalf the Coiner fucked around with this message at 16:29 on Feb 16, 2021 |
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Feb 16, 2021 16:22
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lol "dignity" from a guy with one pair of socks and no bathroom to his name
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Feb 16, 2021 16:24
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I am astounded seraph84 discovered he can buy avatars. Too bad he's getting banned in no more than 3~ hours again when the admins wake up 
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Feb 16, 2021 16:25
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Did anyone comment on how Seraph started posting again right after that totally-not-Seraph guy got probated? I couldn't comment due to also being probated, for unrelated reasons.
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Feb 16, 2021 16:53
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Hyperbitcoinization
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Feb 16, 2021 16:56
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At some point in the future, all accounts posting on SA will be seraph. I call this hyperseraphification.
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Feb 16, 2021 16:57
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SA nocoiners every time Seraph84 enters the thread: https://video.twimg.com/ext_tw_video/1360736711790182402/pu/vid/460x344/-JApqw36FMCOSVui.mp4 (USER WAS PUT ON PROBATION FOR THIS POST) (USER WAS PERMABANNED FOR THIS POST)
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Feb 16, 2021 16:58
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No way are you allowed that close to children
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Feb 16, 2021 17:00
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