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With hindsight, I could have invested all my money in the Monster Energy drinks company and be wealthy beyond belief without touching Bitcoin at all.Horace posted:and you can feel that regret bleeding through in a lot of posts in this thread.
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# ? Mar 20, 2021 12:27 |
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# ? Jun 5, 2024 16:23 |
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tango alpha delta posted:lol, those 'millions of dollars' have to come from other rubes or haven't you been paying attention? And? No-one's forcing them at gunpoint to buy butts. if they want to give me $60k for some numbers on a computer let em. Fame Douglas posted:With hindsight, I could have invested all my money in the Monster Energy drinks company and be wealthy beyond belief without touching Bitcoin at all. this is the only projector I can afford, thanks bitcoin thread
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# ? Mar 20, 2021 12:37 |
Horace posted:But the guys who did the above are still smarter than us, because however loving dumb Bitcoin is (and it really is) having been there at the start and having made gently caress all from it is STUPID and you can feel that regret bleeding through in a lot of posts in this thread. But there is now nothing to it other than "this is a speculative asset that other people want with an increasing paper value." I do not think there is anything left at all. It has certainly made it less funny, because the market has relentlessly optimized for people attempting to spark FOMO in others. (With the side effect of, I guess, Fear of Having Missed Out, or FOHMO.)
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# ? Mar 20, 2021 12:49 |
Horace posted:But early Bitcoin wasn't an investment, it was a lottery, and the tickets were practically free. Each of us here could have had 20+ Bitcoin without having to triple dad's electricity bill or give ourselves brain damage seeping in a room with 50 GPUs running. And yet only a handful of people on earth have 1 or more, strange it's as if it isn't so simple or something.... Horace posted:And? No-one's forcing them at gunpoint to buy butts. if they want to give me $60k for some numbers on a computer let em. But also don't let people do things that might be bad for me individually, right?
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# ? Mar 20, 2021 12:54 |
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Horace posted:But early Bitcoin wasn't an investment, it was a lottery, and the tickets were practically free. Each of us here could have had 20+ Bitcoin without having to triple dad's electricity bill or give ourselves brain damage seeping in a room with 50 GPUs running. idk i think you may be projecting a little
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# ? Mar 20, 2021 12:58 |
Flannelette posted:And yet only a handful of people on earth have 1 or more, strange it's as if it isn't so simple or something.... I mean there is that one guy who bought a pizza with like 20 bitcoins back in the day.
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# ? Mar 20, 2021 13:01 |
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it's me, I'm the goon who masterminded making other goons poor today by corralling other goons to chant "BUTTCOIN" ten years ago. It's all my doing. Send all the hate mail to me, and I will read it all and sob, and pray to the god of Blockchain for absolution. and definitely not just laugh at themNitrousoxide posted:I mean there is that one guy who bought a pizza with like 20 bitcoins back in the day. A quick google tells me that it was 2 pizzas and the payment for them was 10,000 bitcoins. More than fair IMO.
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# ? Mar 20, 2021 13:06 |
Nitrousoxide posted:I mean there is that one guy who bought a pizza with like 20 bitcoins back in the day. If he hadn't and everyone else hadn't lost/ignored/"wasted" their bitcoins so they were spread more evenly it would still be the same 20 bitcoins to buy 2 pizza now or even less value.
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# ? Mar 20, 2021 13:09 |
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Flannelette posted:And yet only a handful of people on earth have 1 or more, strange it's as if it isn't so simple or something.... Why it's almost as if 99.9999% of the earths population weren't in the something awful bitcoin thread ten years ago. Nessus posted:As a long-run bitcoin laffer, I apologize if you feel that goons have made you poor by laughing at bitcoin. I do not think this is a reasonable interpretation of events. The entire thing is stupid from stem to stern, and most stupid things poo poo the bed and die. This one has not done so yet; it may have enough of a critical mass that it will not completely die out. The laffs aren't all mined yet. If you'd predicted in 2010 that people would be competing to spend real money on a hyperlink to a GIF of a Pringles can, and the people who make Pringles were actually in on the scam, we'd have thought that was too far fetched. Or that Doge, a coin explicitly created as a joke, would be being hyped by the richest man in the world. I can't wait to see what mad gibberish they come up with in the next few years. Even if Bitcoins ultimately end up at $100k there will inevitably be a big crash at some point and the meltdowns are going to be spectacular. I'm not angry with the Buttcoin mock threads, I'm angry with myself for not getting even one of the fuckers when I could have with literally zero effort, just on the million to one shot that the bit coiners were right.
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# ? Mar 20, 2021 14:02 |
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Horace posted:Why it's almost as if 99.9999% of the earths population weren't in the something awful bitcoin thread ten years ago. tell us more about how goons totally robbed you of hypothetically millions of dollars from pedo pesos
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# ? Mar 20, 2021 14:14 |
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EorayMel posted:tell us more about how goons totally robbed you of hypothetically millions of dollars from pedo pesos I will for some satoshis
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# ? Mar 20, 2021 14:18 |
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If you could have seen ten years into the future in 2011 there are still better things you could have invested in than Bitcoin. I will believe that bitcoin has a fraction of the value its proponents claims when someone shows proof that they've cashed out multiple million dollars worth of it into real money. Not traded for a house from some other bitcoin sucker, not traded for another crypto, but actually gone through a bitcoin exchange and traded 1000 bitcoins for 60 million US dollars (or whatever they claim it's worth) in their bank account.
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# ? Mar 20, 2021 14:20 |
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If you had bought and held bitcoin all this time you'd be just as brokebrained as the other coin folk who frequent this thread. There is something special about making money on crypto that makes people think they are loving geniuses. So consider yourself better off.
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# ? Mar 20, 2021 14:28 |
Collateral Damage posted:If you could have seen ten years into the future in 2011 there are still better things you could have invested in than Bitcoin. I mean, if it’s supposed to be a medium of exchange then the ability to trade it for another medium of exchange doesn’t indicate it has value. It’s the ability to trade it for goods or services. The examples you gave there would actually be good examples for why it’s an effective medium of exchange if people actually use it for that. You don’t say the euro doesn’t have value unless it’s able to be exchanged with a US dollar. You say it has value because people are able to use it to buy cheese or cars.
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# ? Mar 20, 2021 14:31 |
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Collateral Damage posted:If you could have seen ten years into the future in 2011 there are still better things you could have invested in than Bitcoin. Again, I'm not upset that I didn't invest. Putting actual money into Bitcoin in 2011 would have been nuts. I'm upset I could have had some for less than I spend on snacks in a day. I didn't even take them when you could get them for free. That was the stupid bit. You're all acting like I tried to put my entire pension fund in Bitcoin in 2011.
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# ? Mar 20, 2021 14:45 |
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Getting mad that you could have made better decisions with hindsight is a waste of everyone's time.
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# ? Mar 20, 2021 14:54 |
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Yes, let me throw money at [random stupid idea from a decade ago] is definitely a winning strategy. Let me show you my pets.com stock certificate, along with the Beanie Babies that have tag protectors. Hint: there's a lot more stupid ideas than you have money.
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# ? Mar 20, 2021 15:01 |
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Horace posted:You're all acting like I tried to put my entire pension fund in Bitcoin in 2011. Everyone thinks this but I would find it hard to believe anyone would not be throwing everything into bitts after they saw their "small investment" triple over night.
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# ? Mar 20, 2021 15:05 |
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Horace posted:Again, I'm not upset that I didn't invest. Putting actual money into Bitcoin in 2011 would have been nuts. I'm upset I could have had some for less than I spend on snacks in a day. I didn't even take them when you could get them for free. That was the stupid bit. Horace posted:...and yes, if I'd grabbed a few cheap bitcoin I'd have either lost them in an exchange scam/collapse, lost the wallet or sold them at $1.50 and acted like king poo poo of investments until the price went up.
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# ? Mar 20, 2021 15:08 |
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Nitrousoxide posted:I mean, if it’s supposed to be a medium of exchange then the ability to trade it for another medium of exchange doesn’t indicate it has value. It’s the ability to trade it for goods or services. The examples you gave there would actually be good examples for why it’s an effective medium of exchange if people actually use it for that. You don’t say the euro doesn’t have value unless it’s able to be exchanged with a US dollar. You say it has value because people are able to use it to buy cheese or cars.
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# ? Mar 20, 2021 15:37 |
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At least then I'd have a story. Like the $100,000,000 pizza. I'd buy a drink for the guy whose multimillion pound hard drive is somewhere in a Welsh landfill, but not the guy who just didn't do anything.
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# ? Mar 20, 2021 15:37 |
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I don't want to do another carbon-derail, but the problem in my opinion is that the true price of carbon's externalities are not priced into consumption basically anywhere. And until then humans in aggregate will be putting more carbon/methane into the atmosphere than we take out, all along the hierarchy of needs. They are both symptoms. That's about as much both-sideism that you're going to get from me because there is actual real utility to farming. Bitcoin is actually the opposite and that's the point. The subtext to all of this is that Bitcoin is not an economic phonemenon. It has nothing to do with money. It is a political statement whether you like it or not. And anyone who is 'into bitcoin' needs to accept that and all the baggage that goes with it. Far from being a great leveler it means that: externalities are not a problem, people with means deserve to get more and that anything you do is okay. Bitcoin exists, thus it is good! It is in no way a solution to what will always be an imperfect monetary system. Anybody that can take a step back from our current model can see that this is a step backwards, that a fixed supply of money will (and already has) lead to booms and busts. For bitcoin to truly supplant the dollar as the worldwide reserve currency, which I understand is the endgame in general, it needs to be acceptable as a unit of account and it is 100% impossible for Bitcoin to do that for anything larger than a small town without having a wallet with a centralized entity, thereby giving someone else control over your own property. Farming is not a 'bigger problem' because at the end of the day, something of actual utility value, calories, is created. Bitcoin, almost definitionally, has no value beyond a means of exchange (its value is its price, two words that are often used interchangeably) and it is terrible at that. So if you're coming in here to say 'gently caress you, got mine'. Congratulations, you are a first mover and as the money supply expands relative to demand, you will get richer. Which is, ironically, the problem that Bitcoin is allegedly supposed to solve. If you are actually concerned about carbon, then please pay for offsets relative to the wealth you have gained before you start lecturing about the externalities of another system. Go ahead and prove to us that you are the better person.
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# ? Mar 20, 2021 16:05 |
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As BitCoin is basically only the value it is due to the hopes and dreams of the people that have some, this can truly be said that this is the first item in history actually affected by thoughts and prayers.
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# ? Mar 20, 2021 16:22 |
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Horace posted:Again, I'm not upset that I didn't invest. Putting actual money into Bitcoin in 2011 would have been nuts. Yeah that's how I feel. If I mined a few hundred or thousand of them, great. But the early exchanges were fraught with problems, so all the more reason to keep your real money out of it. Oh well. I made mistakes.
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# ? Mar 20, 2021 16:33 |
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Horace posted:At least then I'd have a story. Like the $100,000,000 pizza. I used the bitcoin money to buy myself drinks, all is well friend!
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# ? Mar 20, 2021 16:35 |
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Tsietisin posted:As BitCoin is basically only the value it is due to the hopes and dreams of the people that have some, this can truly be said that this is the first item in history actually affected by thoughts and prayers. perhaps basement-bitcoiners are like devout catholics, both doing their little part to enable pedos while renouncing accountability and holding on to the hope of a massive payoff down the road wyoak fucked around with this message at 17:01 on Mar 20, 2021 |
# ? Mar 20, 2021 16:52 |
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https://allenfarrington.medium.com/bitcoin-is-venice-8414dda42070 posted:
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# ? Mar 20, 2021 17:06 |
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Continued posted:Bitcoin is Halal
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# ? Mar 20, 2021 17:07 |
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Continued posted:Bitcoin is Logos
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# ? Mar 20, 2021 17:08 |
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really makes you think
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# ? Mar 20, 2021 17:09 |
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the idea that people who lucked into money are "smart" is a disease that's killing us all, directly or indirectly
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# ? Mar 20, 2021 17:16 |
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The only thing it made me think about was how I haven't eaten lunch yet. I should probably go do that.
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# ? Mar 20, 2021 17:16 |
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but unironically
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# ? Mar 20, 2021 17:27 |
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salt shakeup posted:Well considering there's been a " lol at the lottery winning lottery numbers" thread on these forums for the past 10 years and the lottery numbers keep on winning, you kind of did know. lmao I don't think we can fit "people who know nothing about lotteries" into the buttcoin venn diagram but we can sure try Hammerite posted:A quick google tells me that it was 2 pizzas and the payment for them was 10,000 bitcoins. More than fair IMO. even the coiner community itself at the time was incredulously like "lol you actually managed to get a physical something for your btc, good job"
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# ? Mar 20, 2021 17:40 |
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LordSaturn posted:the idea that people who lucked into money are "smart" is a disease that's killing us all, directly or indirectly People get very mad when you tell them having a lot of money is mostly about luck rather than hard work or being smart.
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# ? Mar 20, 2021 17:45 |
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Bitcoin gave us Brazil.txt and surely that's worth some money
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# ? Mar 20, 2021 18:16 |
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wyoak posted:is this a sly dig at organized religion cuz there are some extremely rich churches out there More gun control, where after every mass shooting everyone passes on their thoughts and prayers instead of actually doing anything about it.
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# ? Mar 20, 2021 18:17 |
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Horace posted:At least then I'd have a story. Like the $100,000,000 pizza. Almost winning a lottery is not much of a story. Domino’s Pizza stock went up over 4000% in the last decade. Did you buy a stock? Just think, if you’d bought Domino’s at 100x leverage instead you could have turned $1000 into $4 million! There’s your free drink story!
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# ? Mar 20, 2021 18:28 |
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I've bough tons of Domino's pizzas over the years, do those count as shares as well?
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# ? Mar 20, 2021 18:44 |
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# ? Jun 5, 2024 16:23 |
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https://twitter.com/ChuckTingle/status/1372934554508435464
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# ? Mar 20, 2021 19:03 |