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One of the more interesting posts on reddit compared the market cap of some poo poo coins to real assets just to give perspective on how overpriced they are. Several alts for instance habe a market cap of a couple billion, more than your average professional sports franchise, despite your having never heard of them and them solving literally no problems. Btc itself is "worth" more than every franchise in the NFL combined.
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Feb 27, 2021 19:47
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Mr_Companie posted:To be fair this forum has never been about creating value. Who wants Awful Coins the value is inversely proportional to the quality of my posts
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Feb 27, 2021 20:41
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Not sure American sports franchises are the best comparison, to be honest.
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Feb 27, 2021 20:41
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Relatively small in the world of billions of stolen dollars that is Bitcoin but Cardano is supposedly having some light theft today. The official wallet for it is Daedalus.io which is only on desktop but the "Daedalus Wallet" on the google play store with great ratings isn't actually an official app. Since the price hit an all time high people are moving coins around and a couple supposedly lost $30,000 - $50,000 today using that app.
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Feb 27, 2021 21:16
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Tether hasn't printed since the NYAG settlement was announced. It remains to be seen whether this is a temporary pause or whether the terms of the settlement effectively prevent them from being able to print any more. If the latter, this will be a very interesting time for BTC...
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Feb 27, 2021 22:27
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Whelp, tried to transfer from Binance to another exchange and apparently it costs over $20 US dollars to send BTC. Any suggestions? Other than just not using crypto.
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Feb 28, 2021 00:16
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Bright Bart posted:Whelp, tried to transfer from Binance to another exchange and apparently it costs over $20 US dollars to send BTC. Your other option is to convert to another currency (cash?) and move it that way.
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Feb 28, 2021 00:19
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Bright Bart posted:Whelp, tried to transfer from Binance to another exchange and apparently it costs over $20 US dollars to send BTC.
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Feb 28, 2021 00:52
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Bright Bart posted:Any suggestions? Other than just not using crypto. Why, did something bad happen when you tried that?
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Feb 28, 2021 04:53
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Bright Bart posted:Whelp, tried to transfer from Binance to another exchange and apparently it costs over $20 US dollars to send BTC. Sell it and buy litecoin, transaction fees like $0.02 and pretty common across exchanges And yeah BTC/ETH fees are ridiculous lol $20 each EDIT this is you 
salt shakeup fucked around with this message at 05:12 on Feb 28, 2021 |
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Feb 28, 2021 05:06
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My local convenience store has a new banner that says "WE BUY AND SELL BITCOIN". It broke my brain a little. They have a kiosk in there to generate and fund a wallet. Can't wait until there's a second sign that says "BUY GAMESTOP SHARES HERE".
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Feb 28, 2021 05:09
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Andy Dufresne posted:One of the more interesting posts on reddit compared the market cap of some poo poo coins to real assets just to give perspective on how overpriced they are. Several alts for instance habe a market cap of a couple billion, more than your average professional sports franchise, despite your having never heard of them and them solving literally no problems. Btc itself is "worth" more than every franchise in the NFL combined.
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Feb 28, 2021 06:25
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Fame Douglas posted:Not sure American sports franchises are the best comparison, to be honest. i dunno, they're intellectual properties with very little in the way of property plant and equipment, and only of immense value because they were first movers and are the only ones the average person is aware of sounds like a great comparison, at least along those lines
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Feb 28, 2021 07:31
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Football teams are valuable because millions of people want to watch them. Just like how Bitcoin is valuable because millions of people want to own them. Hope that helps 
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Feb 28, 2021 07:52
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salt shakeup posted:Football teams are valuable because millions of people want to watch them. Just like how Bitcoin is valuable because millions of people want to own them. Hope that helps So not comparable at all?
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Feb 28, 2021 12:44
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strange feelings re Daisy posted:My local convenience store has a new banner that says "WE BUY AND SELL BITCOIN". It broke my brain a little. They have a kiosk in there to generate and fund a wallet. Can't wait until there's a second sign that says "BUY GAMESTOP SHARES HERE". The one attached to my building did too. They set up all sorts of flashy little signs and such. But as far as I know there's no special kiosk or anything, I have no idea how it works. Do they keep the bitcoins behind the counter with the cigarettes?
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Feb 28, 2021 13:47
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strange feelings re Daisy posted:My local convenience store has a new banner that says "WE BUY AND SELL BITCOIN". It broke my brain a little. They have a kiosk in there to generate and fund a wallet. Can't wait until there's a second sign that says "BUY GAMESTOP SHARES HERE". Lost wallet passwords sound like a great thing for convenience store clerks to have to deal with.
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Feb 28, 2021 18:03
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salt shakeup posted:Football teams are valuable because millions of people want to watch them. Just like how Bitcoin is valuable because millions of people want to own them. Hope that helps Bitcoin is an massive international enterprise that facilitates drug trade and money laundering on the order of several hundred billion USD per year. Why would you compare it some loving sports league? Millions of people rely on bitcoin every day for the safe and efficient trade of literally metric tons of cocaine, amphetamines and heroin. It's a huge business.
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Feb 28, 2021 18:24
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I thought nobody used bitcoin for drugs in 2021
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Feb 28, 2021 23:32
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Andy Dufresne posted:I thought nobody used bitcoin Minor edit there.
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Feb 28, 2021 23:40
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Yeah 2021 is the year drug dealers and drug users decided to stop buying drugs off the internet with the cryptocurrency whose only claim to fame is people pretending it’s untraceable
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Feb 28, 2021 23:42
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Seriously though I thought all the darknet stuff moved to other crap like monero because even as a black market currency bitcoin absolutely sucks.
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Feb 28, 2021 23:52
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Andy Dufresne posted:Seriously though I thought all the darknet stuff moved to other crap like monero because even as a black market currency bitcoin absolutely sucks. You'd be wrong, because butters are idiots.
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Mar 1, 2021 14:03
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Andy Dufresne posted:Seriously though I thought all the darknet stuff moved to other crap like monero because even as a black market currency bitcoin absolutely sucks. Yeah, apparently the darknets are all monero now. But that doesn't matter too much, since it's virtually impossible to exchange monero for USD. So everyone just buys bitcoin, exchanges it for monero, then pays monero to their dealers (who then change it back to bitcoin so they can get actual money).
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Mar 1, 2021 14:29
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LanceHunter posted:Yeah, apparently the darknets are all monero now. But that doesn't matter too much, since it's virtually impossible to exchange monero for USD. So everyone just buys bitcoin, exchanges it for monero, then pays monero to their dealers (who then change it back to bitcoin so they can get actual money). And every intel agency in the world has a bounty out for cracking the anonymity of monero etc because the same poo poo that makes it attractive for buying russian research chemicals makes it attractive for bad people to do bad things with. Will they ever pull it off? Who knows or cares, because quantum computing is the end run around the whole thing, and once this actually become something that more than Google or IBM have cryptography as everyone knows it will be turned on its head. orange juche fucked around with this message at 14:48 on Mar 1, 2021 |
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Mar 1, 2021 14:45
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orange juche posted:And every intel agency in the world has a bounty out for cracking the anonymity of monero etc because the same poo poo that makes it attractive for buying russian research chemicals makes it attractive for bad people to do bad things with. I mean, they could crack monero, or they could just peek in to the exchanges that swap monero<->bitcoin, see who is doing the exchanging, then target them for investigation.
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Mar 1, 2021 15:21
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LanceHunter posted:I mean, they could crack monero, or they could just peek in to the exchanges that swap monero<->bitcoin, see who is doing the exchanging, then target them for investigation. This is good for Bitcoin
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Mar 1, 2021 15:25
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bitter nocoin taste, with a hint of ethereum envy. buy my custom "u jelly?" bitcoin coffee that you can sip or spit depending on number go up or down. may contain traces of child slavery.
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Mar 1, 2021 16:06
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Big Mackson posted:bitter nocoin taste, with a hint of ethereum envy. buy my custom "u jelly?" bitcoin coffee that you can sip or spit depending on number go up or down. may contain traces of child slavery. Listen buddy, there is no moral consumption under capitalism *opens beer bottle with a child skull*
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Mar 1, 2021 16:23
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LanceHunter posted:I mean, they could crack monero, or they could just peek in to the exchanges that swap monero<->bitcoin, see who is doing the exchanging, then target them for investigation. It's not a crime just to own Monero Also, https://www.forbes.com/sites/rogerhuang/2020/12/21/heres-why-quantum-computing-will-not-break-cryptocurrencies/
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Mar 1, 2021 16:28
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This thread is so much better when seraph, hbag, ham and ghostty aren't flooding it with stupidity.
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Mar 1, 2021 16:33
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xtal posted:It's not a crime just to own Monero It's not a crime to carry around a lock-picking kit, either. But if a cop sees you with one they are gonna take a very long, hard look at you to see if there are any actually-illegal things they can bust you for.
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Mar 1, 2021 16:35
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I suspect that using things like Monero or Tor will get at least a cursory glance from some 3 letter agencies in the US and maybe a few abroad. The line of reasoning would go something like "we have evidence of CP transactions/money laundering/evading sanctions using these tools" -> "we can't identify the parties to those transactions" -> "we need to monitor the network and investigate the users to find the bad ones". Given the disclosures from Snowden it's not even a stretch to suggest that the CIA is monitoring all traffic on those networks, it should be an expectation. That's not to say that anyone actually cares about people buying weed, but I also wouldn't expect those tools to provide any amount of privacy on a home Internet connection.
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Mar 1, 2021 16:36
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I tried TOR once. Wasn't really sure what to do with it so just used it as a browser. It was incredibly slow. I guess if you are going to break laws, you can put up with dial-up speeds. But as a curiosity it is a complete waste of time.
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Mar 1, 2021 16:38
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Andy Dufresne posted:I suspect that using things like Monero or Tor will get at least a cursory glance from some 3 letter agencies in the US and maybe a few abroad. The line of reasoning would go something like "we have evidence of CP transactions/money laundering/evading sanctions using these tools" -> "we can't identify the parties to those transactions" -> "we need to monitor the network and investigate the users to find the bad ones". Given the disclosures from Snowden it's not even a stretch to suggest that the CIA is monitoring all traffic on those networks, it should be an expectation. Those 3 letter agencies probably took a look when they... Invented, funded and maintained Tor. https://surveillancevalley.com/blog/internet-privacy-funded-by-spies-cia xtal fucked around with this message at 16:45 on Mar 1, 2021 |
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Mar 1, 2021 16:40
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Yeah, it seems like an obvious honeypot. Aside from who made it just think about who has the motivation to set up exit nodes. Governments are way more interested and way better funded than the general public.
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Mar 1, 2021 16:50
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AFAIK tor hidden services don't use exit nodes, so they are not really susceptible to traffic correlation attacks. If the alphabet soups have a way to attack them, we don't know it yet. They weren't capable of it as of the Snowden leaks(which was 2013 IRC?)
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Mar 1, 2021 17:00
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Of course agencies want to have all the cryptocurrency data but it's not necessary for them to take down markets and dealers. On the other hand I am not sure buyers have all that much to worry about. Which is odd as it might make some strategic sense to charge a few just to scare others even if it would be thrown out of court for being arbitrarily targeting one out of tens of thousands of clients.
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Mar 1, 2021 17:00
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How do coins actually start? Because it seems like if you can just invent any old alt coin now it will eventually be worth a few cents or even dollars which is worth more than the zero you start with.
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Mar 1, 2021 23:45
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jeeves posted:How do coins actually start? Because it seems like if you can just invent any old alt coin now it will eventually be worth a few cents or even dollars which is worth more than the zero you start with. You bundle together some (mostly pre-written) code, then you try like hell to get somebody to start accepting exchanges of your coin.
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Mar 1, 2021 23:48
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