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Often Abbreviated posted:I've a work colleague who's ballooned his savings from ~£7000 to something like ~£30,000 over the past few weeks on one of the altcoins. I know this poo poo is gonna crash eventually but it's hard keeping out when you see someone else doing so well right in front of you. Has he actually cashed out yet because otherwise his savings have gone from £7,000 to £0
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Jan 4, 2018 17:32
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"sharing economy"
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Jan 4, 2018 21:32
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will you hodl me after
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Jan 10, 2018 22:25
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Dmitri-9 posted:Are there any cryptocurrencies that are inflationary? does tether count
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Jan 10, 2018 22:46
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I love that actual gold rush tactics are working on internet gold
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Jan 10, 2018 23:46
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Do smart contracts offer any kind of advantage for businesses over, say, a dynamic purchasing system to establish a contract framework? DPS is pretty common in the public sector and as far as I can tell offers all the benefits of smart contracts with the added bonus of not having to gently caress around with blockchain.
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Jan 13, 2018 10:41
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Often Abbreviated posted:Back below $12,000 again. C'mon, crash you bastard! Is the fluctuation around $12k due to automated buy orders triggering? Are buttcoiners sending wave after wave of
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Jan 16, 2018 16:27
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Three Olives posted:I just popped over to CNBC because they have kind of been pimping Bitcoin lately to see what they had to say and they have published an article on why Bitcoin isn't worthless by an expert: Wow I've been looking for a currency that can be used to buy both doughnuts and mansions, where do I sign?
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Jan 16, 2018 18:59
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Also we "lost" half your bitcoins in a "hack" but we've replaced them with tether so it's all cool right?
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Jan 16, 2018 19:15
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Homo Buttcoinus
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Jan 17, 2018 07:49
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I would blow Dane Cook posted:
lol 
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Jan 17, 2018 13:18
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If you're kicking yourself over bitcoin, just wait until you hear what happened with my cryptocurrency partyboatcoin. I was literally giving them away, but then my man Jonny said he'd buy one off me for a beer. Now we're all worth millions of beers - an increase in value so huge it can't be represented by a number.
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Jan 21, 2018 10:54
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Being banned removes plat
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Jan 25, 2018 15:52
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I've listened to reply all on and off and their tech mystery episodes are usually great
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Jan 26, 2018 12:24
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Trig Discipline posted:RUNNING BACK TO CRYPTO FOR SAFETY *hears shouting in the street* wow, getting kind of rowdy out there. time to sell my house and move to kabul
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Jan 31, 2018 10:34
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Pawn 17 posted:How long until people start killing themselves over butts crashing? I mean, black monday was “only” a 20% drop and dudes were throwing themselves out windows. You can't do much damage throwing yourself from the ground level basement window
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Feb 1, 2018 19:50
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I just finished divabot's book (Attack of the Fifty Foot Blockchain) which in its later chapters goes into detail on blockchain as a technology and how likely it is to resolve a problem that a traditional centralised database doesn't (spoiler: not very). It also gave me a few good laughs. Plus you could class it as a business expense!
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Feb 8, 2018 19:12
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Regarding business applications of blockchain tech, there are two big issues that any large organisation suffers from that blockchain is frequently pitched as a solution for when it doesn't really offer anything new over a traditional database. The first is digitising information. The limiting factor stopping old paper records getting onto a searchable database isn't the underlying database technology, it's that scanning and verifying paper records is time consuming and tedious. The second is data verification. The most recent example of this I've seen is Aeron, which promises to solve the problem of pilots faking their qualifications and records of hours flown by putting it on the blockchain. The problem with this should be obvious: if pilots are able to falsify the record that goes onto a centralised database, what's to stop them from falsifying one that goes onto the blockchain? Both issues also have several factors where blockchain is significantly worse than a traditional database, the primary one being correcting mistakes or false data. If a computer scan and a hurried manual verification accidentally decided a handwritten 'a' was an 'e', correcting it is going to be a huge task, especially if it only comes to light way down the line. Similarly, correcting the bad data input by a modern day Frank Abagnale would be nigh on impossible without a full rollback, which would impact every record input since. If blockchain seems like a silver bullet to a longstanding business issue, it almost certainly isn't. Ask yourself why existing database technology is failing to meet your needs and what blockchain will do differently. You'll almost certainly find that it doesn't resolve the problem and introduces several new ones of its own.
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Feb 9, 2018 07:45
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Minimalist Program posted:I've got another, alternative investment for the savy goon investor to partake in. I have insider info suggesting that long term MP's rear end is flat. Suggest y'all pump and dump it
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Feb 16, 2018 10:39
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Just wait until the public finds out about bitcoin!
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Feb 28, 2018 20:33
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https://twitter.com/DIorioNathaniel/status/971487389095997441?s=19
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Mar 7, 2018 22:30
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The good thing about a blockchain prenup is by the time it processes you're guaranteed to be at least 18
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Mar 7, 2018 23:17
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The USD Reserve That Wasn't There
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Oct 13, 2018 10:32
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Irish drug dealer loses £46m bitcoin codes he hid in fishing rod case He got jailed for dealing cannabis and while he was inside his landlord cleared all his stuff out, including the fishing rod case that had his wallet codes hidden inside. 6,000 bitcoins lost forever!
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Feb 21, 2020 16:29
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In a crisis, people liquidate assets.
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Mar 12, 2020 12:05
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Chart looking like that flash game where you hit the penguin with a baseball bat
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Mar 12, 2020 12:39
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Fleetwood Crack posted:
And what are Hayek's views on bitcoin specifically?
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Apr 29, 2020 07:18
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I'm aware of when Hayek died, I just wanted you to say that your example of bitcoin support from Austrian school economists was limited to what a guy who died almost three decades ago probably would have thought lol
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Apr 29, 2020 11:48
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yr new gurlfrand! posted:hodl on to your buttcoins
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Feb 19, 2021 13:51
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Something Awful should get on board with NFTs. Every time you forward this special hello.jpeg to someone I'll torch an acre of rainforest
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Mar 4, 2021 19:44
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aware of dog posted:I think someone posted earlier it was like $60 million in crypto and $9 million in cash Is that the post tax gain? If not is the $9m cash enough to cover the liability from a $69m gain? I don't know the US tax code but if not, lol
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Mar 12, 2021 19:09
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According to coindesk Tether's market cap (which should be their reserves if they're telling the truth (lmao)) is $42B https://www.coindesk.com/price/tether
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Apr 1, 2021 09:45
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I thought "trade for heroin" referred to silk road
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Apr 3, 2021 12:24
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Yeah where I am tax laws are basically hammered out in case law because the actual legislation has fantastically helpful definitions like "trade includes any venture in the nature of trade". So if you're the first person to claim that the one million toilet rolls you bought were intended for personal use, or that if you think about it all the linen you bought to flip was a big risk so it was actually gambling, congratulations! You might end up in front of a judge who sets precedent based on your antics.
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Apr 24, 2021 23:53
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crypto works the same way
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May 15, 2021 19:10
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CaptainSarcastic posted:I've wondered if legally declaring Bitcoin to be gambling might be a way to regulate it (possibly out of existence). I just did a quick search, and it struck me that counting crypto as gambling could possibly unintentionally make it more friendly for cryptocultists, as there are apparently a bunch of rules for how to declare gambling wins and losses. And if you are considered a professional gambler then normal income tax applies. That's interesting - in UK tax law there's basically no such thing as a "professional" gambler, which means wins aren't taxable (but also losses aren't deductable).
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May 22, 2021 12:02
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CoolCab posted:no, aristo haven. old boys going to the ponies and making/losing a fortune is so ingrained that of course the tax incentive structure is built around it. The relevant case is Graham v Green (1925). As far as I'm aware Mr Graham wasn't an aristo but he did have enough cash to make plenty of bets on the horses and was good enough at it to make quite a bit of money doing it, to the extent that he didn't need (or have time for) any other employment. The taxman said "I'll have some of that" but in court the judge ruled that gambling wasn't trading and so the profits thereof were not subject to tax. It's probably a good thing that he did, as allowing gambling wins to count as trading profits would therefore mean that gambling stakes would be deductible trading expenses, making it very easy to manipulate your tax liability.
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May 22, 2021 15:06
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Cacafuego posted:Help me out here. Can you explain what any of that means? In a single post and not in a huge series of 140 character tweets? Tether had to submit 30 days of trading data to the NY Attorney General. This is a problem because their normal trading involves cooking the books, so they slammed a ton of dodgy poo poo through 31 days before the filing deadline in the hopes that they'd get 30 days of clean trading that they could submit, a bit like me getting ripshit on New Year's Eve before Dry January. The big crypto crashes of the last month have been against that backdrop, giving evidence to what we've all suspected for years - that the entire crypto marketplace is underpinned by the Tether printer going brrrrrr
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May 22, 2021 20:17
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poverty goat posted:what actually is DeFi100 Get in on the ground floor! Send us money and you'll definitely* be a millionaire next week! * lol bye idiot
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May 22, 2021 21:24
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If (when?) tether goes down that'll trigger a pretty huge crash across all crypto, right?
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Jun 19, 2021 07:15
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