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jokes
Dec 20, 2012

Uh... Kupo?

I think he also got permabanned for making weird pedophilic comments IIRC

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Nessus
Dec 22, 2003

After a Speaker vote, you may be entitled to a valuable coupon or voucher!



jokes posted:

I think he also got permabanned for making weird pedophilic comments IIRC
Yes, I believe this is why he gets a perma, as opposed to getting some kind of "if you post some insane poo poo about buttcoins you get a ban, Richie Rich" situation.

LionArcher
Mar 29, 2010


I legit want to buy some Bitcoin but I’ll wait till it’s dropped back to 40 or 30k. Not a lot mind you, like $500-$1000 bucks I assume I’ll lose, and then if I double or triple my money I’ll sell.

HootTheOwl
May 13, 2012

Hootin and shootin

Plant MONSTER. posted:

Good! There's nothing I can think of that's more permanent and unchangeable than an eyeball!

diamonds are dead. eyeballs are forever

Oh, hey Thought Slime.
We finally found you.

jokes
Dec 20, 2012

Uh... Kupo?

Nessus posted:

Yes, I believe this is why he gets a perma, as opposed to getting some kind of "if you post some insane poo poo about buttcoins you get a ban, Richie Rich" situation.

Maybe he, like a lot of Bitcoin people, hope they can Bitcoin their way out of credible allegations of gross poo poo. But then, of course, they just use their bitcoins to pay for more gross poo poo (see John McAfee)

punishedkissinger
Sep 20, 2017

LionArcher posted:

I legit want to buy some Bitcoin but I’ll wait till it’s dropped back to 40 or 30k. Not a lot mind you, like $500-$1000 bucks I assume I’ll lose, and then if I double or triple my money I’ll sell.

you could also not do this!

Salt Fish
Sep 11, 2003

Cybernetic Crumb

LionArcher posted:

I legit want to buy some Bitcoin but I’ll wait till it’s dropped back to 40 or 30k. Not a lot mind you, like $500-$1000 bucks I assume I’ll lose, and then if I double or triple my money I’ll sell.

They have this new thing called a casino

Nybble
Jun 28, 2008

praise chuck, raise heck
^ :hfive:

could just as easily head to a casino and actually get some free stuff while you're at it

sports betting is a lot more easily accessible these days as well and has just as much variance, plus it doesn't burn down the world

LionArcher
Mar 29, 2010


Nybble posted:

^ :hfive:

could just as easily head to a casino and actually get some free stuff while you're at it

sports betting is a lot more easily accessible these days as well and has just as much variance, plus it doesn't burn down the world

That’s a good point. I may in fact not do this. A buddy of mine is up 40k on Bitcoin yesterday so I was slightly tempted.

punishedkissinger
Sep 20, 2017

LionArcher posted:

That’s a good point. I may in fact not do this. A buddy of mine is up 40k on Bitcoin yesterday so I was slightly tempted.

people only tell you about the wins.

ultrafilter
Aug 23, 2007

It's okay if you have any questions.


LionArcher posted:

That’s a good point. I may in fact not do this. A buddy of mine is up 40k on Bitcoin yesterday so I was slightly tempted.

At a casino you don't have to worry about whether you can cash out.

Tnuctip
Sep 25, 2017

LionArcher posted:

That’s a good point. I may in fact not do this. A buddy of mine is up 40k on Bitcoin yesterday so I was slightly tempted.

Maybe tell them to cash out with that sweet $40k and turn it in to real money? Also they should save some for taxes and accountants

Drone_Fragger
May 9, 2007


The funniest thing in buttcoin history was the guy shittalking people on buttcoin for being dumb poor nocoiners and how he was a crypto billionaire and someone checked his post history and less than 3 hours before they’d posted that he’d made a post on a self repair subreddit asking how to fix a 200 dollar tv he was having problems with because he was too poor to get a new one or get it fixed.

Crypto truely is for people who want to LARP being millionaires lmao.

Pham Nuwen
Oct 30, 2010



Tnuctip posted:

Maybe tell them to cash out with that sweet $40k and turn it in to real money? Also they should save some for taxes and accountants

"And quit when I'm winning? No way, buddy, I'm putting it all on black!"

Foo Diddley
Oct 29, 2011

cat
at a casino:
  • you know the odds
  • they'll give you free drinks while you piss your money away
  • steak dinners, too, if you're pissing away enough money
  • the place isn't going to vanish in a puff of smoke before you can cash in your chips
  • and hey, maybe wayne newton will do a show later
it's clearly better than cryptocurrency in every way

LionArcher
Mar 29, 2010


Tnuctip posted:

Maybe tell them to cash out with that sweet $40k and turn it in to real money? Also they should save some for taxes and accountants

They actually are doing this to a degree. Took out a few grand for a new MacBook Pro and money for taxes yes.

Zenquin
Jul 16, 2005

LionArcher posted:

They actually are doing this to a degree. Took out a few grand for a new MacBook Pro and money for taxes yes.

That can be painful later on. I also paid for my laptop with Bitcoin, I call it my $48,000 laptop. :(

Stefan Prodan
Jan 7, 2002

I deeply respect you as a human being... Some day I'm gonna make you *Mrs* Buck Turgidson!


Grimey Drawer
honestly if seraph came in and said "look I knew this would be really useful for scammers and money launderers and criminals and so I rode the wave up" I would say you know what you were right, that's pretty good foresight

that's a little different than....whatever his posting is

Mooseontheloose
May 13, 2003

LionArcher posted:

That’s a good point. I may in fact not do this. A buddy of mine is up 40k on Bitcoin yesterday so I was slightly tempted.

Go on Bovada, bet on your favorite sport. At least there is a chance there to make money.

EorayMel
May 30, 2015

WE GET IT. YOU LOVE GUN JESUS. Toujours des fusils Bullpup Français.

Foo Diddley posted:

at a casino:
  • you know the odds
  • they'll give you free drinks while you piss your money away
  • steak dinners, too, if you're pissing away enough money
  • the place isn't going to vanish in a puff of smoke before you can cash in your chips
  • and hey, maybe wayne newton will do a show later
it's clearly better than cryptocurrency in every way

Also sometimes you get stories like this that make it all worthwhile(except stories of old people glued to slot machines literally dying) win or lose:

Doltos posted:

I went to the Sands casino in Bethlehem on Thanksgiving night since it was on the way back home and I hadn't done a brick and mortar casino in years. I thought it would be empty but the casino was absolutely packed, had to wait half an hour to get on a 2/5 NL table. I sit down and see a guy wearing a Thing 1 Thing 2 cat in the hat shirt. I say nice shirt or something like that and the guy just glares at me. A few hands go by and I bully the table to go up to about 50 bucks from my starting 200. Like literally only three or four hands. Then on the next hand there's a three bet under the gun by the shirt guy, I get a few callers ahead of me and I call with 9/7 suited. Flop comes out with a 10/8 of the suit, shirt guy splurges all in with about 200 bucks, he gets a few folds and a call, so I say gently caress it and shove too. He flips pocket aces, other guy flips some trash hand like K/10 or something like that, and I flip 9/7. Dealer promptly flips over the 6 to give me a straight flush and the guy picks up the aces and whips them at me then swipes at the chips in the pot to send some of them flying too. Table gets all flustered, security comes over and starts escorting him out. He turns to me and yells 'nice loving shirt'.

After it all settled down I cashed out immediately and asked security to escort me to my car because I thought shirt guy was waiting for me. The one guy asked how much money I had on me and I said 900 something and they laughed and wouldn't do it.

Lampsacus
Oct 21, 2008

I swear I have the most on-the-nose stereotypical trope of 'almost buying back when' bitcoin story. It was 2010. I had just moved out of home and into a flat and I was sitting with my fellow 20 year old idiots drinking wine and talking absolute bollocks. I was trying to explain this bitcoin thing and how I might just buy $1000 worth right now and hold on to it in case it blows up. I was literally, literally hovering my hand over the laptop joking with my friends how this decision will change my life forever. And in the end I didn't spend the money on bitcoin in 2010 when it was... it must have been only a few cents back then. "$1,000 Invested in Bitcoin in 2010 is Worth $287.5 Million Today (as of the time of this writing Dec 24, 2020 )"

lol
lmao

HootTheOwl
May 13, 2012

Hootin and shootin

Lampsacus posted:

I swear I have the most on-the-nose stereotypical trope of 'almost buying back when' bitcoin story. It was 2010. I had just moved out of home and into a flat and I was sitting with my fellow 20 year old idiots drinking wine and talking absolute bollocks. I was trying to explain this bitcoin thing and how I might just buy $1000 worth right now and hold on to it in case it blows up. I was literally, literally hovering my hand over the laptop joking with my friends how this decision will change my life forever. And in the end I didn't spend the money on bitcoin in 2010 when it was... it must have been only a few cents back then. "$1,000 Invested in Bitcoin in 2010 is Worth $287.5 Million Today (as of the time of this writing Dec 24, 2020 )"

lol
lmao

Yeah, I almost lost 1000 bux in mt gox too.

Vincent Van Goatse
Nov 8, 2006

Enjoy every sandwich.

Smellrose

LionArcher posted:

I legit want to buy some Bitcoin but I’ll wait till it’s dropped back to 40 or 30k. Not a lot mind you, like $500-$1000 bucks I assume I’ll lose, and then if I double or triple my money I’ll sell.

Just put your money in a toilet and flush it.

Tokit
Dec 16, 2004

I was doing the composing.

LionArcher posted:

I legit want to buy some Bitcoin but I’ll wait till it’s dropped back to 40 or 30k. Not a lot mind you, like $500-$1000 bucks I assume I’ll lose, and then if I double or triple my money I’ll sell.

https://www.youtube.com/watch?v=b1pom5QbJiU

DerekSmartymans
Feb 14, 2005

The
Copacetic
Ascetic

HootTheOwl posted:

Yeah, I almost lost 1000 bux in mt gox too.

Seraph didn’t lose any money in MtGox, but he sure lost a lot in :10bux: increments here.

HootTheOwl
May 13, 2012

Hootin and shootin

DerekSmartymans posted:

Seraph didn’t lose any money in MtGox, but he sure lost a lot in :10bux: increments here.

Maybe I don't know the lore but that post said they didn't do it?

ymgve
Jan 2, 2004


:dukedog:
Offensive Clock
The best thing in that seraph post is the circle chart that shows 1 BTC is, and has always been, worth 1 BTC

jokes
Dec 20, 2012

Uh... Kupo?

Sick loving gains!!

Note how they are never excited about being able to use bitcoin, and the only thing that makes bitcoin people excited and happy is if they're worth more USD which is hilarious because, clearly, the end goal of bitcoin people is to not own bitcoin and instead own more dollars

lol

drk
Jan 16, 2005
That's why relentless promotion of your bagholdings is a central part of every crypto scheme.

Vesi
Jan 12, 2005

pikachu looking at?
one of my biggest regrets is buying drugs online with bitcoin, I never should've supported that kind of harmful business and international criminals

now I just buy drugs with regular bank transfers instead

Fame Douglas
Nov 20, 2013

by Fluffdaddy

Jose Valasquez posted:

Let me start by saying NFTs are loving stupid and the idea of them being added to games makes me want to vomit.

But they can also be created in a way that a % of every transaction goes back to the original creator (of the NFT of course, not the artist) and could probably set a minimum $ amount on that as well. Game developers could create NFTs that guarantee they still get at least the same amount of money each time it is sold if not more. They shouldn't, because NFTs are a huge scam and terrible in every way, but they could.

NFTs are text entries added to a cryptocoin: Requiring some additional fee to enact changes in your game is adding an additional payment system unconnected to the actual NFT, making it even more superfluous and pointless.

Fame Douglas fucked around with this message at 12:43 on Oct 22, 2021

Hammerite
Mar 9, 2007

And you don't remember what I said here, either, but it was pompous and stupid.
Jade Ear Joe
please stop saying the S-word

Rufio
Feb 6, 2003

I'm smart! Not like everybody says... like dumb... I'm smart and I want respect!
Guys he's has a pool!! I'm convinced. Where do I buy these bits of coin?

punishedkissinger
Sep 20, 2017

Rufio posted:

Guys he's has a pool!! I'm convinced. Where do I buy these bits of coin?

I"m pretty sure Bitcoin only made them enough money to ~visit~ a pool

still very impressive

Paladinus
Jan 11, 2014

heyHEYYYY!!!
A mining pool.

Mans
Sep 14, 2011

by Jeffrey of YOSPOS

Lampsacus posted:

I swear I have the most on-the-nose stereotypical trope of 'almost buying back when' bitcoin story. It was 2010. I had just moved out of home and into a flat and I was sitting with my fellow 20 year old idiots drinking wine and talking absolute bollocks. I was trying to explain this bitcoin thing and how I might just buy $1000 worth right now and hold on to it in case it blows up. I was literally, literally hovering my hand over the laptop joking with my friends how this decision will change my life forever. And in the end I didn't spend the money on bitcoin in 2010 when it was... it must have been only a few cents back then. "$1,000 Invested in Bitcoin in 2010 is Worth $287.5 Million Today (as of the time of this writing Dec 24, 2020 )"

lol
lmao
Statistically, if you bought bitcoin in 2010, you would've had it scammed or lost by now.

poo poo was comically unstable back then, now it's just considerably unstable.

jokes
Dec 20, 2012

Uh... Kupo?

Sick of hearing people complain about not getting into Bitcoin earlier, like it was just a thing you could easily buy without getting scammed.

“If only I had used a “legitimate” exchange to purchase some bitcoins 15 years ago (mt gox anyone? Lol). I definitely would have held onto those bitcoins when they doubled in price and then doubled in price and then doubled in price and then doubled in price 20 more times. I also definitely wouldn’t have been hacked, lost them, or fell for one of the billion phishing attempts people have been falling for. I also definitely wouldn’t have fallen for a Bitcoin scam during that entire time, even though the Venn diagram of people buying Bitcoin early on and being easy marks for scammers was basically a circle.”

The people who are Bitcoin rich were almost assuredly already going to be rich like a tech person, or are just incredibly stupid. Only a stupid person would sit on something they bought for a dollar and then not sell it when it’s worth $10, $100, $1000, and also $10000. It’s really not luck, because that mentality is absolutely the dumbest thing you could do. I’d argue luck is something other than “making the absolutely dumbest decision over and over and ending up with some money as a result”.

You go to a casino and a guy bets his entire credit card on black, he’s dumb. He wins and doubles his money, he’s still dumb but lucky. He bets all of his money on black again, even dumber but still lucky. He does it again, EVEN DUMBER but still lucky. Once he’s done it 30 times everyone at the table just thinks he’s the absolutely dumbest dude alive even though he has millions of chips. That’s Bitcoin.

The smartest person in the early days of Apple computers was that guy who sold his third of the company or whatever for $1000 because it was almost guaranteed he’d otherwise not get any money back. He made the right decision and, given the evidence available at the time, he’d do it again. I would too.

It’s unreasonable to think that people with Bitcoin money are smarter or more financially capable than anyone else in the entire financial sector, insurance salesmen especially. They didn’t see something everyone else didn’t, they just have a poop emoji instead of a brain and randomly the financial sector selected for the poop emoji instead of a brain (for a bit). But the problem is, they still have a poop emoji for a brain so what do you think will happen next?

The cruelest thing you could wish is for someone to have been into Bitcoin early on, because only the dumbest people would have done so and they would be cursed with dumbbrain. Except for people who bought Bitcoin because they were drunk or whatever and it was $10, and then forgot about it like a few goons did here.

tehinternet
Feb 14, 2005

Semantically, "you" is both singular and plural, though syntactically it is always plural. It always takes a verb form that originally marked the word as plural.

Also, there is no plural when the context is an argument with an individual rather than a group. Somfin shouldn't put words in my mouth.

Yeah basically exactly this. If someone is BitCoin rich, they’re not competent with money, they’re lucky.

Ghost Leviathan
Mar 2, 2017

Exploration is ill-advised.
Pretty sure you also need basically a dedicated PC to actually trade in Bitcoin without using one of the exchanges that inevitably run off with all your money.

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jokes
Dec 20, 2012

Uh... Kupo?

I think back then it was the same situation as trading in, like, Diablo 1.

I put my poo poo over here on the floor and walk away, you put your poo poo on the floor and walk away. Then I go for yours and you go for mine. Okay ready? Go! *quickly grabs my own poo poo and tries to grab his before he can grab his*

This was how early Bitcoin worked. you would have had more transactional security with a trade window in a video game.

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