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Jose posted:is it hard or risky to buy drugs using bitcoin It's so easy, you'll almost suspect your anonymous dealer is a cop collecting information on users. You'll probably be right, too.
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Oct 24, 2017 11:54
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emoji posted:I got $2k in real world money out of dogecoin I mined years ago for half an hour using free aws credit bc I thought the meme was funny OP Still easily the funniest thing to come out of this whole thing. https://i.imgur.com/Hzea1LJ.mp4
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Oct 24, 2017 12:15
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Cease to Hope posted:now it's money laundering through a network wholly controlled by chinese mining companies with unclear ownership, that's just not funny Bitcoin mining uses more electricity than ~110 countries. is that funny? Each transaction uses as much electricity as the average US household does in 3 days. The network could run on an NES if there was no arms race.
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Oct 24, 2017 16:54
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What ever could have caused this latest price increase?   In completely unrelated news, tether found another $25m in the couch cushions on october 28th. http://omniexplorer.info/lookuptx.aspx?txid=91f2df37258d00f8873d7b3b52b381fe0a428e1a80f8cdeab64c82da5569a388
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Oct 31, 2017 22:40
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Tether is printing fake money like crazy. $60m in 24 hours, $100m this week. http://omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL I'm sure they totally have $595m cash sitting in their account to back this up, though.
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Nov 12, 2017 06:53
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Toys For rear end Bum posted:holy poo poo, it's now up to 146,000 unconfirmed transactions: quote:Transactions Per Second 32.64 Bitcoin's theoretical limit is 7 transactions per second, realistic limit is about 4 transactions per second quote:Total Size 531467.209 (KB) With 1 mb per block, 1 block every 10 minutes***, it would take 531 blocks, or 88.5 hours to process the current backlog if transactions stopped being added ***with the drop in price, miners are switching to other coins, there have only been 4 blocks found in the last 1 hour, 23 minutes. they have all been full, but only 9185 transactions combined, that's only 1.844 transactions per second. There have only been 22 blocks found in the last 6 hours, there should have been 36.
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Nov 12, 2017 07:25
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a bone to pick posted:why are they calling bytes 'satoshis'? they call 0.000000001 bitcoin a satoshi because it's a cult. e: the difficulty just adjusted yesterday, so if the mining network is where it appears to be at, it will take nearly a full month of the network running half speed before a difficulty adjustment. that's a theoretical 3.5 transactions per second, realistic 2 transactions per second. Powershift fucked around with this message at 07:35 on Nov 12, 2017 |
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Nov 12, 2017 07:26
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Ham Sandwiches posted:I'm aware of the limitation and I don't believe it's intrinsic or unsolvable. Holy poo poo, a real life "it's in the wiki" From the same guy who did the real "starting now"
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Nov 14, 2017 01:09
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I tried to go buy some milk at the corner store but they only accepted dollarcash and dollargold, and all i had were regular dollars. I tried exchanging 5 dollars for the 400 dollargolds the milk cost at an ATM in the store, but i didn't bring my passport with me, so i couldn't scan it into the ATM to actually get my dollargolds out. By the time i ran home and got back with the passport, dollargolds dropped in value by 50% and the milk now cost 800. I put another 5 dollars in and the ATM bluescreened and stole my whole $10. I tried calling the customer support number on the ATM, but it was just a phone sex line and i got dinged for another $43 before i figured out she couldn't help me with the ATM. Hopefully the next fork of the dollar is the one everybody agrees on and accepts.
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Nov 15, 2017 06:12
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Dog Jones posted:How come the creator of bitcoin won't come out in public He just wants to play with his trains, leave him alone.
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Nov 15, 2017 06:14
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I won $50 on a scratcher that only cost me $5. It works and it's a legit investment strategy. invest all your money in scratchers.
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Nov 16, 2017 22:08
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H2SO4 posted:Has any cryptocurrency exchange done this to date? Most of them just stall until they're completely broke. This time it's different because....
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Nov 20, 2017 04:14
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QuarkJets posted:We got hacked but don't worry we just won't redeem any of those tethers* It happened on the 19th http://omniexplorer.info/lookupadd.aspx?address=16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r Suspending USDT withdrawals is a whole different bag of snakes.
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Nov 21, 2017 05:40
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But banks have lights in them and stock brokers use computer, those use electricity, too
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Nov 23, 2017 06:34
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Goodpancakes posted:That's an unconscionable amount of electricity for Bitcoin. And that's JUST bitcoin. Ethereum is another 50% of that. all the little pissant altcoins probably another 50% on top of it.
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Nov 23, 2017 06:51
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I believe the term you're looking for is spurious correlation http://www.tylervigen.com/spurious-correlations
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Nov 26, 2017 23:49
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Why don't they just make a suckertoken to give to people who got their positions wiped out by flash crashes and exchange errors. That would stop their bitching.
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Nov 30, 2017 00:32
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QuarkJets posted:Whenever bitfinex can no longer honor bitcoin withdrawals It's possible that time is very close, because they have been closing short margin positions at $14k and long margin positions at $5,600 when the price hasn't moved from $9k.
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Dec 1, 2017 00:39
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a bone to pick posted:When is the bubble gunna pop so I stop feeling like an idiot for not buying bitcoins? Tuesday.
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Dec 1, 2017 17:13
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Inept posted:I don't think he was slamming crypto or ethereum, just making fun of a janky website. You care too much about this poo poo But if you start poking holes in any of it, the whole ship sinks pretty quickly.
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Dec 4, 2017 21:18
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myDad posted:no poo poo! might play with this instead of gold etfs Bitfinex offers margin trading, and totally isn't insolvent and making up for the insolvency by manipulating the market to close people's positions. My suggestion: mortgage your house, and leverage it 100x to bet on altcoins. you could turn $100,000 into billions in an afternoon. There's no downside!
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Dec 5, 2017 03:20
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Has anyone said starting now yet?
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Dec 8, 2017 01:49
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proctorbot posted:dumb question, but what actually is a bitcoin? The file you can have on your computer is your "wallet", it contains a private encryption key that corresponds to the public encryption key that is stored on the blockchain. The blockchain is a public ledger of every transaction that has ever happened. Transactions are made that lead to a number of bitcoins, up to 9 decimal places being associated with your public encryption key. In order to manipulate those bitcoins in any way, you need the private encryption key. You can store those bitcoins in an online wallet but they all eventually get hacked and robbed. You can keep them on an exchange, where it's usually just kept in a communal wallet, but those, too all eventually get hacked and robbed. If someone else gets your private key or you forgot where you put it or the hard drive it's on dies or you accidentally delete the file or you download a wallet stealing virus, the coins are basically gone forever.
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Dec 8, 2017 11:36
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Superrodan posted:How big is the ledger file at the moment? 145gb There are 219,188 unconfirmed transactions right now because the main fork of bitcoin is keeping the block size at 1mb/block. If they increase the block size to say, 2mb, the blockchain will grow twice as fast. They average around 2100 transactions per 1mb block. The 219,188 pending transactions would add between 80-100mb to the blockchain. Paypal in 2016 did 6.1 billion transactions, Matching paypal alone would add 2.9tb a year if they uncapped block size.
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Dec 8, 2017 12:05
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Nessus posted:A little under 150 gigs, or almost as big as my johnson if you prefer metric units. No, tether is more like arcade tokens, if the arcade let you use arcade tickets to get more tokens. You put $10 into a machine and get 10 arcade tokens that they say they will buy back from you at any time. You put the tokens into a game and win 40 tickets. You use those 40 tickets at the toy counter to get 40 arcade tokens You tell the arcade owner you want to trade your tokens for money He says he got hacked, and then disappears.
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Dec 8, 2017 12:18
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Waltzing Along posted:How many cryptocurrencies are there? Can more than one survive? Is Ethereum the new bitcoin? Or we can all just agree each gooncoin is worth 1 billion dollars, making us all billionaires, and then all sell at once so nobody is left holding the bag.
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Dec 8, 2017 15:37
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smoobles posted:A guy who I consider a massive nerd says to wait til it reaches $20,000 to sell. What do you guys think?? It's a ponzi, just buy early and sell before it collapses. Also if it falls and then rises again, buy in the dip.
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Dec 8, 2017 18:47
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TACTICAL SANDALS posted:I was just wondering about this, like how would you go about doing this? Hypothetically of course lol First you give money to the organization that banks with some obscure polish farmer bank and prints fake money to buy bitcoins with every time the price dips. Short bitcoin on their platform OOPS! your short position was accidentally closed out at $29,000 even though the price never actually went anywhere near there.
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Dec 8, 2017 19:22
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Fallows posted:Should I invest my retirement money into a new titan v powered bitcoin rig or directly into bitcoins at this point? need advice asap! Bitcoin is over. fucktoken is the new hotness.
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Dec 8, 2017 22:12
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klafbang posted:If you used bitcoins to track the time since the last hack, you could track the days with 8 digits precision. If you used bitcoins to track the time since the last hack, the last hack would still be waiting for confirmation. http://www.bbc.com/news/technology-42275523
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Dec 10, 2017 21:40
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Every time i see the winning lotto numbers i think that i should have bought a ticket with those numbers on it.
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Dec 11, 2017 02:14
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Raldikuk posted:Has Tether released any new information/excuses for their recent hack? All of the news I can find about it is just the initial reports. Yeah, it was on the cover sheet of their full detailed audit proving they actually have $1b in their bank account.
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Dec 15, 2017 02:09
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CassandraZara posted:Did they ever resolve that issue with like a million ethereum that were lost due to some guy accidentally deleting a line of code? I'd have to say that if I had a lot of faith in crypto, that would have shaken it. Get with the times, nobody has accidentally deleted a million ethereum in over a month, stop spreading FUD
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Dec 16, 2017 18:49
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divabot posted:what do you expect from a laughable nocoiner like Hammy, probably still upset he didn't BUY IN EARLY Did you not see their audit? 
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Dec 17, 2017 01:05
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WAR DOGS OF SOCHI posted:Honest question about retailers who accept buttcoin as payment. Given the insane fluctuations in the valuations, how do they choose a price and peg that to the actual buttcoin value when you buy your goods? Most use bitpay, meaning a person pays bitpay in buttcoin, and bitpay pays the retailer in cash. It would be hard to come ahead with $30+ bitcoin fees and 200,000+ backlogged transactions
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Dec 21, 2017 00:57
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Son of Rodney posted:Bitcoin you a busta! All you had to do was follow the drat chain, CJ.
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Dec 21, 2017 21:08
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chird posted:'Come on Tether, print your magical IOUs already ffs' They just fired off 50 million about 20 minutes ago. I fully expect another 100 million within the next 12 hours. e: the 50 mil is off their transparency page, but not into their issuing address. I'm guessing they got "hacked" again. Powershift fucked around with this message at 07:43 on Dec 22, 2017 |
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Dec 22, 2017 07:40
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Moxxis Endowment posted:When will you admit that you're
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Dec 23, 2017 00:28
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kdrudy posted:How are my CosbyCoins doing? Hard forked while you were sleeping.
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Dec 23, 2017 07:42
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Burt Sexual posted:What is “tether”? Simplest explanation Bitfinex got hacked, took 37% of everybody's money to make up for it. They then replaced it with Tether tokens that they pegged to USD 1:1 so people could trade on the exchange with the token that represent what was taken from them.They have since made 1.25 billion more of those tokens and used them to to pump up the price every time it fell a little bit. They claim to have $1 USD in their reserves for every tether they have produced. They refuse to prove it, they refuse to exchange USD for tethers. It's basically fake USD that can be used on a few different exchanges and they just keep printing them all willy nilly. It's the $1,250,000,000 elephant in the room.
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Dec 24, 2017 05:38
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