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Pyromancer posted:It goes down slightly, that's a sign to buy more bitcoin while it's cheap, because it'll go up. This guy gets it - the secret behind making a Smart Passive Income from Home by Investing In Bitcoin, which is the title of the ebook i am going to write.
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Nov 2, 2017 14:26
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Minimalist Program posted:This guy gets it - the secret behind making a Smart Passive Income from Home by Investing In Bitcoin, which is the title of the ebook i am going to write. https://twitter.com/BitmexRekt/status/926046780642545664
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Nov 2, 2017 14:56
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QuarkJets posted:True, bitcoin mining takes as much electricity as the entire country of Nigeria regardless of whether anyone is submitting transactions. But despite that, it's still worth pointing out the incredible wastefulness of proof of work-based blockchains Rephrase that. Even if nobody is using Bitcoin, humanity as a whole is still spending as much money on keeping Bitcoin alive as is required to provide energy to all of Nigeria. Roughly speaking. But this is a perfect long-term store of value, better than gold. It can only go up. (Until people realize it's a pyramid scheme and/or Tinkerbell. It only continues to exist so long as all the Chinese keep clapping.)
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Nov 2, 2017 15:19
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Inept posted:Well yeah that was kind of my point. Ham Sandwiches is acting like bitcoin is viable for real world stuff when it's not. It’s very viable and becoming more so over time. If you wanted to live without using dollars for anything important you pretty much could. Not being able to convert btc to fiat hasn’t been an issue in the first world for years now. The secret isn’t that it’s not viable, it’s that no one does it because virtually everyone who has owned bitcoins over a prolonged period of time thinks they’re a market god and never spends them.
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Nov 2, 2017 16:21
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Adar posted:Not being able to convert btc to fiat hasn’t been an issue in the first world for years now. I'm talking about using bitcoin for paying your cable bill or buying a game on steam like Ham mentioned. Why would you ever do these things with bitcoin when you have to pay a $5 fee to transfer 300 bytes of data.
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Nov 2, 2017 16:54
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Inept posted:I'm talking about using bitcoin for paying your cable bill or buying a game on steam like Ham mentioned. Why would you ever do these things with bitcoin when you have to pay a $5 fee to transfer 300 bytes of data. But the fees have nothing to do with that. The true believers have a large number of ways to get the fees down to nothing (prepaid crypto debit cards, converting to eth, lowering the gas and paying early...) They won’t use any of them because bitcoin can only go up and why would you pay a bill in money that only goes up? Ironically, as soon as it hits a 3 month bear market the fees will come down to zero again. It will still not be used, though.
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Nov 2, 2017 22:37
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Adar posted:But the fees have nothing to do with that. The true believers have a large number of ways to get the fees down to nothing (prepaid crypto debit cards, converting to eth, lowering the gas and paying early...) They won’t use any of them because bitcoin can only go up and why would you pay a bill in money that only goes up? Common security advice is to keep your own wallets and to keep them offline so that you're not vulnerable to someone else getting hacked or just running away with your bitcoins. Moving bitcoins from your cold wallet to <any of those options> still takes more time and costs several dollars more than just whipping out a credit card
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Nov 3, 2017 00:08
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Adar posted:It’s very viable and becoming more so over time. If you wanted to live without using dollars for anything important you pretty much could. Not being able to convert btc to fiat hasn’t been an issue in the first world for years now. I dunno it still seems like most of the interest in BTC these days is in how many USD you can buy with it, now how many goods/services. Like, it's trivially obvious that at the end of the day what people really want is more USD not more BTC.
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Nov 3, 2017 00:36
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Well I got out early at $5400 but I can't really be too sad, it was basically found money from 2014 after all.
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Nov 3, 2017 11:14
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oh poo poo, Yes, Your Old Canadian Tire Money Could Be Worth $3,000 To give you an idea, a 50-cent bill from 1958 is currently worth more than $1500, points out Maclean’s, who has written an extended feature on Canadian Tire money and its cabal of collectors. A $2 Canadian Tire note sold from 1989 went to auction with a $3000 price tag. Stacks of Canadian Tire cash can also be sold. Currently, on eBay, a brick of 25-cent bills from 1992 is going for more than $1000. But, as with all collectibles, the standard stuff isn’t going to garner any interest. Only rare or peculiar pieces of Canadian Tire money are going to draw in collectors who will throw down big bucks. For example, a $2 Canadian Tire bill from 1992 that had a misaligned serial number on the back can be sold for thousands. A $2 note from the same year, without the defect, won’t get nearly as large an offer. So who designates how much a bill is worth? And who is actually going to buy these Canadian collectibles? There’s a group for that: the Canadian Tire Coupon Collectors Club. https://www.mtlblog.com/whats-happening/yes-your-old-canadian-tire-money-could-be-worth-dollar3000 better start rooting through your grandpas 56921357943256 bags full of those stored in the garage or basement. you might get rich!
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Nov 3, 2017 13:42
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bitcoin weekend status: I'm up like 450 dollars on my bitcoin stock and I'm going to spend it all on pizzas.
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Nov 4, 2017 13:22
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Where can I buy a bitcoin burrito tho?
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Nov 4, 2017 14:37
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Minimalist Program posted:bitcoin weekend status: I'm up like 450 dollars on my bitcoin stock and I'm going to spend it all on pizzas. To celebrate, those pizzas should have pepperoni arranged to look like a bitcoin.
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Nov 4, 2017 15:46
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mojo1701a posted:To celebrate, those pizzas should have pepperoni arranged to look like a bitcoin. You're talking a lot of sense here, my man.
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Nov 4, 2017 15:48
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mojo1701a posted:To celebrate, those pizzas should have pepperoni arranged to look like a bitcoin.
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Nov 5, 2017 06:44
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"I'm big, you're small. I'm right, you're wrong."
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Nov 5, 2017 14:37
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Bitcoin update my bitcoin stock is up 12% today and I've made 500 dollars or, roughly, 50 pizzas.
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Nov 6, 2017 17:43
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Minimalist Program posted:Bitcoin update my bitcoin stock is up 12% today and I've made 500 dollars or, roughly, 50 pizzas. Wow you must be very dumb because this is going to crash any minute now
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Nov 6, 2017 19:52
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Comfy Fleece Sweater posted:Wow you must be very dumb because this is going to crash any minute now is the fork or spork gonna happen today or whatever?
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Nov 6, 2017 19:55
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something v bad has happened to ethereum 
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Nov 7, 2017 18:25
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poverty goat posted:something v bad has happened to ethereum https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/ quote:A major vulnerability has frozen hundreds of millions of dollars of Ethereum Stay safe poverty goat
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Nov 7, 2017 19:05
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Shamelessly stolen from yospos where the guy took ownership of the library that handles transactions then killed it so theres no protocol for handling transactions now: His defence for dumping $150M+ in the void:  Ethereum's smart contracts don't seem very smart.
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Nov 7, 2017 19:13
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This is good for bitcoins.
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Nov 7, 2017 19:24
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lmao "What does this function do?" *shuts down entire financial platform*
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Nov 7, 2017 19:27
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The amount of ethereum nuked is closer to $300 mil now Just Lol
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Nov 7, 2017 19:28
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Time to purchase more ethereum coins, as it has just become much more rare than before!
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Nov 7, 2017 20:33
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Imagine a man stumbling Mr. Magoo style into a bank, then ending up in a series of events that destroys several hundreds of millions of dollars, and you will be picturing the butt coins
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Nov 7, 2017 20:56
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That's good for bitcoin,time to make 10.000 dollars in pizzas.
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Nov 7, 2017 21:00
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COMRADES posted:lmao As secure a platform as MTGOX when they had most of their bitcoins stolen. No doubt this has probably hit an exchange and they will probably run as a ponzi scheme until they meltdown.
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Nov 7, 2017 23:11
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I hate to think about bit coin and the fortune I could have had... Sitting at work like a chump while the guy who dried raspberries on his computer is rich........ FML
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Nov 7, 2017 23:13
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Think about the guy who sold his house for bitcoin when it was around $1000. Bitcoin went up almost as much as the Canadian housing market in the same time.
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Nov 7, 2017 23:18
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Smythe posted:I hate to think about bit coin and the fortune I could have had... Sitting at work like a chump while the guy who dried raspberries on his computer is rich........ FML also you can dwell on about 10s of thousands of opportunities for easily becoming wealthy in a more realistic (can actually cash out your whole wad without crashing the market youre trying to cash out from) way that are all readily apparent in hindsight. its just nobody in gbs is making threads about scams and stocks and sports bets gary oldmans diary fucked around with this message at 23:24 on Nov 7, 2017 |
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Nov 7, 2017 23:21
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gary oldmans diary posted:rotten strawberry guy lost his money in exchange theft how do u know of this factoid? just curious...
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Nov 7, 2017 23:28
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i was just trying to soothe your mind with sweet likelihoods
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Nov 7, 2017 23:29
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Smythe posted:I hate to think about bit coin and the fortune I could have had... Sitting at work like a chump while the guy who dried raspberries on his computer is rich........ FML Think about this while you're at it  OBAMAAAAAAAAAA
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Nov 7, 2017 23:32
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This thread is still going? gently caress. Should I close it? Or just leave it to rot?
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Nov 8, 2017 00:03
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Thread is just people's reactions to a risky investment, whole market is blowing up, short VIX etc, Ether being hacked isn't newsworthy. kill the thread
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Nov 8, 2017 00:14
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Waltzing Along posted:This thread is still going? gently caress. Should I close it? Or just leave it to rot? I mean, etherium just had 300 million worth deleted by poor coding, so I'd leave it open for that alone
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Nov 8, 2017 00:15
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If you close the thread, you may close all of SA by the smart contract made when you opened the thread in the beginning.
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Nov 8, 2017 00:16
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I was wondering why btc jumped 200 bucks inside an hour last night, guess money was fleeing eth!
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Nov 8, 2017 13:51
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