Ham Sandwiches posted:

Hello I started posting in 2016 / 2017 when Bitcoin was $3000 that it was worth mining up a few coins to see what happens. Well. That provoked a strong response and a whole bunch of angry posts and debunking. So we're 5 years on and crypto is way more established than it was.

For those of you who read David Gerard's book, have no worries - you can still buy this prescient tome through Amazon or David's website directly. https://www.amazon.com/Attack-50-Foot-Blockchain-Contracts-ebook/dp/B073CPP581/ Remember, remittances and sending money internationally will never work, lightning will never be a thing, and this book will explain all of that to you. Do you know what the BBC thought of it? “A very convincing takedown of the whole phenomenon” — BBC News. loving amazing, how can you go wrong - read this book and you'll be one of those TAKING DOWN this crypto bullshit.

To this day I marvel why David Gerard felt the need to debunk this poo poo so hard, and to be so wrong, and so misguided, and to harm others in the process. But I suspect too much Rational Wiki broke brains, after a decade of debunking everything under the sun one couldn't resist doing this one too. SH/SC uber alles, those IT nerds are going to tell you why this crypto poo poo is a SCAM.

Anyway a bunch of walmart employees (that's you, the SA goon reading this) led by some failed IT dorks (that's you, SH/SC crew) spent 5 years laughing at redditors for making money, HODLing and all that other poo poo. Those redditors now have businesses funded with crypto cash, while the SA goons have a half dozen SH/SC regulars that got some good jabs in, The rationalwiki admin sold 500 books to gullible morons, and one dude that rammed a dildo so far up his rear end it required surgical removal - that person also posts the bitcoin rollercoaster pics that you all enjoy so much.

On some level I think of this as a monument to the something awful forums. My favorite posts are all the goons who proudly acknowledged they bought this dumbass tome to spite the cryto scammers. Enjoy the legacy of your wise financial decisions Strawberries motherfucker, have you seen the drying strawberries pic. And finally. Do you know what MT Gox stands for? Well, do you?

Prurient Squid posted:

So crypto incentivises people to waste as much electricity as possible and distributes existing money from losers to winners without actually creating any value? So basically humanity would just simply be better off if it didn't exist.

resident posted:

NFTs confirmed legit?????

https://twitter.com/mikejudge/status/1457529055595700235?s=21

Hillary 2024 posted:

It's not mandatory for a coin to do the pointless proof-of-work calculations that Bitcoin does but Bitcoin used that combined with mining rewards to encourage early adoption and get people to sign up to the network. Efforts have been made since to encourage people to move to newer crypto currencies that don't waste so much calculation effort but you'd have to get the majority of Bitcoin users to agree that this was necessary and organizing libertarians is like teaching cats to play the harmonica. So everyone keeps mining Bitcoin because everyone else is doing it and vast amounts of power is wasted.

Everyone reading this thread will be long dead by the time the Bitcoin network is shut down.

Salt Fish posted:

NGDBSS posted:

And like all "cryptocurrencies" it's terrible as an actual currency. Money is inherently a social construct. It functions as a medium of exchange because people believe in its value, because they're willing and able to employ it as such. In contrast the very nature of a blockchain makes doing this kind of thing at scale impossible; you've got these giant "decentralized" () networks and all that processing power spread across millions of computers is just everyone checking everyone else's errors because nobody trusts anyone else.

Mooey Cow posted:

It's not a currency. It's a financial asset, like a Beanie Baby.

Vesi posted:

I usually explain it as a "penny stock for a company that does nothing except waste 10 million of electricity every day"

I'd add that it can be only traded at unregulated bucket shops but it's hard to cover the whole breadth of the stupidity with just some soundbites

Ham Sandwiches posted:

Hello I started posting in 2016 / 2017 when Bitcoin was $3000 that it was worth mining up a few coins to see what happens. Well. That provoked a strong response and a whole bunch of angry posts and debunking. So we're 5 years on and crypto is way more established than it was.

For those of you who read David Gerard's book, have no worries - you can still buy this prescient tome through Amazon or David's website directly. https://www.amazon.com/Attack-50-Foot-Blockchain-Contracts-ebook/dp/B073CPP581/ Remember, remittances and sending money internationally will never work, lightning will never be a thing, and this book will explain all of that to you. Do you know what the BBC thought of it? “A very convincing takedown of the whole phenomenon” — BBC News. loving amazing, how can you go wrong - read this book and you'll be one of those TAKING DOWN this crypto bullshit.

To this day I marvel why David Gerard felt the need to debunk this poo poo so hard, and to be so wrong, and so misguided, and to harm others in the process. But I suspect too much Rational Wiki broke brains, after a decade of debunking everything under the sun one couldn't resist doing this one too. SH/SC uber alles, those IT nerds are going to tell you why this crypto poo poo is a SCAM.

Anyway a bunch of walmart employees (that's you, the SA goon reading this) led by some failed IT dorks (that's you, SH/SC crew) spent 5 years laughing at redditors for making money, HODLing and all that other poo poo. Those redditors now have businesses funded with crypto cash, while the SA goons have a half dozen SH/SC regulars that got some good jabs in, The rationalwiki admin sold 500 books to gullible morons, and one dude that rammed a dildo so far up his rear end it required surgical removal - that person also posts the bitcoin rollercoaster pics that you all enjoy so much.

On some level I think of this as a monument to the something awful forums. My favorite posts are all the goons who proudly acknowledged they bought this dumbass tome to spite the cryto scammers. Enjoy the legacy of your wise financial decisions Strawberries motherfucker, have you seen the drying strawberries pic. And finally. Do you know what MT Gox stands for? Well, do you?

Alan Smithee posted:

none of you bitches who run into these threads out of breath ever flex cash so why should we believe a thing you say

resident posted:

NFTs confirmed legit?????

https://twitter.com/mikejudge/status/1457529055595700235?s=21

Alan Smithee posted:

none of you bitches who run into these threads out of breath ever flex cash so why should we believe a thing you say

Captain Yossarian posted:

It's ALWAYS this. That one dude talked about how he bought a condo in NYC and the proof he posted was a loving flyer advertisement

Edit: he also posted pictures of ratty rear end socks

happyhippy posted:

Waiting for the day when Elon announces his own NFTs
Going to be such a massacre of crypto bros.

Alan Smithee posted:

none of you bitches who run into these threads out of breath ever flex cash so why should we believe a thing you say

Collateral Damage posted:

I can't wait for every crypto exchange to have to comply with KYC laws.

funeral home DJ posted:

You'd think that with this insanely popular currency of the future that exchanges to USD wouldn't be necessary, but yeah, lots of big talk from these folks and "there are hundreds of bitcoin-funded businesses" but very little proof that any of this poo poo is real.

Also I filtered my local CL ads to "cryptocurrency ok" to see what items people are willing to sell for the currency/investment of the future, and uh...

https://i.imgur.com/VuUkBtf.png if you work in a nunnery and can't see a woman posing in her underwear she intends on selling.

used sport aviation magazines, some crappy quads, crypto-bro equipment and used women's clothing for masturbation purposes. Really hitting it out of the park there, crypto-bros.

Bronze Fonz posted:

Not sure we're talking about the same one (S) but the one I remember was a listing for the condo on a realtor's website.

Like... just photoshop a document or something, put some effort into it?

repiv posted:

https://twitter.com/op450099/status/1457113883513085958

Alan Smithee posted:

none of you bitches who run into these threads out of breath ever flex cash so why should we believe a thing you say

Plant MONSTER. posted:

I'm just curious why he brings up rationalwiki multiple times in his breakdown. No one uses rationalwiki in this day and age.

There Bias Two posted:

Is this performance art? I love everything about it.

Alan Smithee posted:

is he famous enough for cameo

funeral home DJ posted:

used sport aviation magazines, some crappy quads, crypto-bro equipment and used women's clothing for masturbation purposes. Really hitting it out of the park there, crypto-bros.

Ham Sandwiches posted:

Hello I started posting in 2016 / 2017 when Bitcoin was $3000 that it was worth mining up a few coins to see what happens. Well. That provoked a strong response and a whole bunch of angry posts and debunking. So we're 5 years on and crypto is way more established than it was.

For those of you who read David Gerard's book, have no worries - you can still buy this prescient tome through Amazon or David's website directly. https://www.amazon.com/Attack-50-Foot-Blockchain-Contracts-ebook/dp/B073CPP581/ Remember, remittances and sending money internationally will never work, lightning will never be a thing, and this book will explain all of that to you. Do you know what the BBC thought of it? “A very convincing takedown of the whole phenomenon” — BBC News. loving amazing, how can you go wrong - read this book and you'll be one of those TAKING DOWN this crypto bullshit.

To this day I marvel why David Gerard felt the need to debunk this poo poo so hard, and to be so wrong, and so misguided, and to harm others in the process. But I suspect too much Rational Wiki broke brains, after a decade of debunking everything under the sun one couldn't resist doing this one too. SH/SC uber alles, those IT nerds are going to tell you why this crypto poo poo is a SCAM.

Anyway a bunch of walmart employees (that's you, the SA goon reading this) led by some failed IT dorks (that's you, SH/SC crew) spent 5 years laughing at redditors for making money, HODLing and all that other poo poo. Those redditors now have businesses funded with crypto cash, while the SA goons have a half dozen SH/SC regulars that got some good jabs in, The rationalwiki admin sold 500 books to gullible morons, and one dude that rammed a dildo so far up his rear end it required surgical removal - that person also posts the bitcoin rollercoaster pics that you all enjoy so much.

On some level I think of this as a monument to the something awful forums. My favorite posts are all the goons who proudly acknowledged they bought this dumbass tome to spite the cryto scammers. Enjoy the legacy of your wise financial decisions Strawberries motherfucker, have you seen the drying strawberries pic. And finally. Do you know what MT Gox stands for? Well, do you?

Bronze Fonz posted:

Not sure we're talking about the same one (S) but the one I remember was a listing for the condo on a realtor's website.

Like... just photoshop a document or something, put some effort into it?

Alan Smithee posted:

"checkmate loser, it's all for masturbation purposes"
-crypto bro

small butter posted:

You fool! Didn't I loving tell you to put it all on 17 at the roulette wheel!

Bitcoin was a bad idea at 3k and is even worse at 65k. Your gambling winnings, if true, do not imply otherwise. Bitcoin is a completely nonproductive asset. No serious developers use blockchain and a cursory search on programming boards will show you this.