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Is there a server or something someone can gently caress with that would ruin the bitcoin market? Asking for a friend
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Dec 16, 2017 20:08
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MizPiz posted:Is there a server or something someone can gently caress with that would ruin the bitcoin market? Previous bitcoin crashes have been caused by panicky sell-offs instigated by mere rumor-mongering, so there's always that route.
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Dec 16, 2017 20:12
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my favorite part about bitcoin is that there's probably hundreds of thousands of bitcoins that were stored solely on flash drives, thrown out or lost in moves in 2011, that are now in landfills.
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Dec 16, 2017 20:18
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Bushiz posted:my favorite part about bitcoin is that there's probably hundreds of thousands of bitcoins that were stored solely on flash drives, now buried beneath birdbaths and irrevocably ruined Fixed for (one of) my favorite part(s).
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Dec 16, 2017 20:20
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MizPiz posted:Is there a server or something someone can gently caress with that would ruin the bitcoin market? you're going about it all wrong, here's how it's supposed to work: step one: start an exchange step two: let a couple of trades go on, collect brokerage fees step three: repeat step two until you've built up enough goodwill with the bitcoiners and people deposit the total amount you're aiming for. step four: get "hacked," send a panicked apology letter and wish everyone well in the future. step five: ??? step six: profit
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Dec 16, 2017 20:23
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you rob one person, they call you a thief. you rob everybody they call you a bank.
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Dec 16, 2017 20:25
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Alternatively, you can just open up a "legitimate ponzi," openly stating that at some point you are going to rob everyone, and then rob everyone as soon as enough marks have bought in. This is a literal part of the bitcoin "economy" and I have not exaggerated a single word of the preceding sentence.
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Dec 16, 2017 20:26
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Shear Modulus posted:the funniest part waa when an fbi agent stole a bunch of the seized bitcoins CARL MARK FORCE IV has a name you know
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Dec 16, 2017 20:40
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a cryptokitty sold for 6 figures
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Dec 16, 2017 20:48
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Concerned Citizen posted:a cryptokitty sold for 6 figures if only i had held on to my neopets password i would be a millionaire now
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Dec 16, 2017 21:04
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the fact that rich people are pissing away zillions of dollars on ephemeral bitcoin bullshit just to cover the 0.00001% chance it will become the next facebook is imo the strongest argument for massive confiscatory taxes since the rich cant manage their money responsibly
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Dec 16, 2017 21:07
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lol this is the most embarrassing thing ive ever seen
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Dec 16, 2017 21:13
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How small of pieces can bitcoins be divided into?
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Dec 16, 2017 21:19
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"pieces of fake! pieces of fake!" sqawked captain flint
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Dec 16, 2017 21:21
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https://www.youtube.com/watch?v=KetNLp4f_2g welcome to the succ bed
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Dec 16, 2017 21:22
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Jeb! Repetition posted:How small of pieces can bitcoins be divided into? Near-infinite. Not for nothing are the satoshis derisively called penny shavings.
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Dec 16, 2017 21:23
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Captain_Maclaine posted:Near-infinite. Not for nothing are the satoshis derisively called penny shavings. Oh okay, so it actually will be able to stay viable after it starts deflating.
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Dec 16, 2017 21:31
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Jeb! Repetition posted:Oh okay, so it actually will be able to stay viable after it starts deflating. the ~~~blockchain~~~ can handle roughly 3 transactions per minute
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Dec 16, 2017 21:38
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Bitcoins can't be divided. Once you 3D print your bitcoins, about the size of a large plate, you can only spend them at authorized anime vending machines.
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Dec 16, 2017 21:40
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The only sensible online currency is sandcoin, which is backed by a sand mining operation in russia.
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Dec 16, 2017 21:49
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tower time posted:The only sensible online currency is sandcoin, which is backed by a sand mining operation in russia. 
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Dec 16, 2017 21:59
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lol https://www.youtube.com/watch?v=KpBJZU2SXao
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Dec 16, 2017 22:21
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Wow, Kurzgesagt has really sold out.
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Dec 16, 2017 22:24
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ron paul is the worst libertarian by saying that bitcoin is bullshit and people should buy gold instead of doing the real libertarian thing and starting PaulCoin and fleecing a billion dollars
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Dec 16, 2017 22:32
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Shear Modulus posted:ron paul is the worst libertarian by saying that bitcoin is bullshit and people should buy gold instead of doing the real libertarian thing and starting PaulCoin and fleecing a billion dollars 
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Dec 16, 2017 22:34
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suuuuuuuuck zooooooooooone https://twitter.com/steckel/status/942074310914490368
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Dec 16, 2017 22:38
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WhiskeyJuvenile posted:suuuuuuuuck zooooooooooone Feinstein is the pinnacle of bad dem
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Dec 16, 2017 22:39
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WhiskeyJuvenile posted:suuuuuuuuck zooooooooooone The democratic party is poo poo, wow. 1984 and there were still dixiecrats?
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Dec 16, 2017 22:43
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WhiskeyJuvenile posted:suuuuuuuuck zooooooooooone why the gently caress would they do this in san francisco lol
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Dec 16, 2017 22:47
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Sheng-Ji Yang posted:why the gently caress would they do this in san francisco lol The protester reduced the democrat decorum bank by acting like that.
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Dec 16, 2017 22:49
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WhiskeyJuvenile posted:suuuuuuuuck zooooooooooone puts her repeated efforts to constitutionally outlaw flag burning in a new light
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Dec 16, 2017 22:51
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WhiskeyJuvenile posted:suuuuuuuuck zooooooooooone https://twitter.com/WarWomensRights/status/942085019463503872?s=17
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Dec 16, 2017 22:56
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lmao at the ending paragraph that explained Feinstein's crude motivation for flying a confederate flag in SF .
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Dec 16, 2017 23:11
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1984 was practically yesterday, wtf were they thinking
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Dec 16, 2017 23:14
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confederate flags...welcome to the #resistance
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Dec 16, 2017 23:14
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MizPiz posted:Is there a server or something someone can gently caress with that would ruin the bitcoin market? Yes and no. The network itself is pretty resilient, but the exchanges? Hooo boy. Just go look up the Mt Gox story.
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Dec 16, 2017 23:22
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steinrokkan posted:Reasonable transaction fees, lol, would Visa ever get big if you had to pay them 10 bucks every time you used a card, and then had to wait a day for your payment details to get verified? for like the first couple decades that credit cards were common, a guy had to literally call a bank on the phone to verify the purchase and mail the carbon copy from the card swipe machine
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Dec 16, 2017 23:31
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Shear Modulus posted:ron paul is the worst libertarian by saying that bitcoin is bullshit and people should buy gold instead of doing the real libertarian thing and starting PaulCoin and fleecing a billion dollars There's already gold-backed cryptocurrency too although Ron might not like the "sharia-compliant" part. https://onegram.org/
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Dec 16, 2017 23:44
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https://twitter.com/mikeelk/status/942106064077680642 wow what a fuckin bad dem
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Dec 16, 2017 23:52
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https://twitter.com/spookperson/status/942155792056070144
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Dec 16, 2017 23:56
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