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Vincent Van Goatse posted:Good luck getting anyone to give you $6000 for one Bitcoin though. ??? Just go to coinbase or something and sell it for real money. Cashing out one or two bitcoins is easy, its the people who think they are going to cash out hundreds that are going to have trouble.
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Oct 24, 2017 15:43
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If bitcoin isn't a currency then how was I able to buy something off the internet with it??
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Oct 25, 2017 21:53
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This is all stupid and dumb but it has made me money so I dunno what to think any more.
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Nov 13, 2017 19:15
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gary oldmans diary posted:it would be nice if there was a coin that put a really low requirement on blockchain verification accuracy (hashes a hundredth as difficult as they currently are) but also include foldingathome protein folding data in there encoded in a way that the work can be quickly verified by the next person verifying a block. then its not simply waste. and even if you dont get your block verification submitted in first to win the coin you at least did some nice foldingathome work that is still useful It sounds like you want Gridcoin.
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Nov 13, 2017 19:31
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Bitcoin sucks for buying drugs, i would rather pay with ethereum because then I would only pay like 10 cents in fees instead of 5 bucks. Plus it would go through way faster.
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Dec 1, 2017 05:38
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Yea nicehash was hacked. Sucks for the people who didn't transfer out.
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Dec 7, 2017 01:19
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nexous posted:Is that $7,000 still in an exchange or in your bank account? Honestly curious if you are able to get it into actual USD. Lol dude its not 2011 any more. Coinbase exists.
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Dec 8, 2017 22:42
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The real stupid part is that even though buttcoin has dropped a ton, I am still up multiple times my original amount. People are so stupid for buying in at the peak. Like 4 months ago, people were going crazy when BTC broke 10k and now that it is back under, people act like the sky is falling.
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Jan 17, 2018 19:57
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Boon posted:Someone help me out here. Lol the money doesn't exist. At one point they were going to do an audit which for that is as simple as going 'yep they have X dollars in a real bank account'. Guess what? It never happened.
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Jan 17, 2018 22:03
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Some of the technology behind these coins is legitimate but I also don't think any large institutions would use blockchain technology that they don't totally control.
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Jan 18, 2018 18:06
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Everyone knows Pegglecoins are the future of cryptocurrency anyway. Who wouldn't want to use the cryptocurrenccy used by ultimate peggle masters all over the world?
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Jan 19, 2018 20:07
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Tether rules because I cant wait for all of the people playing the fluctuations to lose their poo poo when tether collapses. I have a decent amount of skin in the game but I still can't wait for it to collapse because the drama is amazing.
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Jan 19, 2018 22:46
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Fallows posted:This guy who chills at my work been investing into bitcoin and just today he told me about how he just pumped a few grand into tron coins and they are 10 cent now and guaranteed to be worth at least 20k by 2020. Holy poo poo this guy needs to read the drat whitepaper. Tron is a shitcoin but it did make me 2k worth of ethereum when I dumped it. The reason it hit 30 cents and dropped is because it is a pointless shitcoin that has no reason to exist and uses a copy/pasted whitepaper.
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Jan 29, 2018 17:48
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Nvidia GPUs really do run amazing. They sit at like 50% fan speed while mining.
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Feb 1, 2018 22:44
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Its all about that Pegglecoin anyway.
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Feb 15, 2018 16:14
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I can't imagine it will drop under 1k because thats cheap enough for people to buy a bitcoin 'just in case'. Anyway everyone with a brain knows that dogecoin is the cryptocurrency you want to have. In the year 2050, dogecoin will be the worlds global currency.
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Jun 15, 2018 18:31
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LOL if you aren't holding a giant stack of dogecoin. Do you guys want to be poor forever?
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Jun 19, 2018 16:02
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Do I sell all my shitcoins and cash out? I want to turn fake internet money into real money.
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Jan 7, 2021 22:49
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ymgve posted:no, ride this until it's a million usd which should happen...next thursday Nah I'm out when my parents call me up and ask how to buy a bitcoin.
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Jan 7, 2021 23:34
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I sold like 1/4 my crap last night. Better to make a little money before this whole thing collapses then wait for the tiny chance it might skyrocket. Of course buttcoin goes up like 2k overnight but whatever this shits manipulated and dumb.
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Jan 8, 2021 15:14
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I dont get why people think its hard to cash out. You literally just send it to coinbase and do a bank transfer. Do people also find paying bills hard or sending money using a money order hard? Anyway I turned a bunch of shitcoins into a new game server plus tax money to cover it.
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Jan 11, 2021 18:17
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TheLaundryGoon posted:Goongrats! Thanks! Really excited to actually make even a cent out of this. Yea people are dumb if they think they can sell crypto and not give the IRS their due.
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Jan 11, 2021 18:24
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all the stuff you can buy directly with btc is also illegal because otherwise people would rather just have real money dollars if they dont have to worry about legality.
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Jan 12, 2021 15:13
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I was trying to figure out how to use bitpay but it seems like a bunch of effort too. All of these services kind of suck. The easiest way to actually cash out your buttcoins would be to buy a bunch of drugs from the darknet and then resell them.
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Jan 12, 2021 16:02
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Living in the city sucks just saying buy an estate out in the country
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Jan 14, 2021 16:54
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You should have invested in dogecoin instead
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Jan 15, 2021 06:49
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lol if you aren't mining pegglecoin though
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Jan 23, 2021 07:53
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Turned a bunch of crap I got for nearly free into a Ryzen 5950x so I'm pretty happy about that :3 Anyway mine pegglecoin
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Jan 30, 2021 19:02
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Its fine we know you got burned on it or something which is why you hate it so much
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Jan 30, 2021 19:32
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Waltzing Along posted:We already have that. It's called money. hurrr durr just use money guys its totally the exact same thing
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Jan 31, 2021 18:03
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Just mine Pegglecoin and contribute to the heat death of the universe.
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Feb 6, 2021 06:10
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Man you guys need to look up the definition of a ponzi scheme. Bitcoin is stupid and a waste of power but by definition it is not a ponzi scheme.
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Feb 6, 2021 19:00
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Yea you are right about that, the price manipulation is artificial. We were just thinking of different things and I misunderstood you. I don't give a gently caress about cryptocurrency but I think the blockchain technology itself is really neat. The problem is that no one has figured out a good use other then making lovely versions of things that already exist. We have ACH transfers and replicated databases have existed forever so maybe people need to stop trying to make another shitcoin and make something useful for once.
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Feb 6, 2021 19:11
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tango alpha delta posted:blockchain technology is some first year computer science amateur poo poo, man. it's an encrypted linked list, if you want to get technical. all the code that makes it work was cobbled together from other better programmers. So the guy stole all the node code that makes the decentralized part work? That's hilarious. Guess it makes sense, we have had torrents for forever. I have followed a basic how to make a blockchain tutorial in python and that part was easy. It was the networking stuff that was tougher to figure out. Stealthgerbil fucked around with this message at 19:44 on Feb 6, 2021 |
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Feb 6, 2021 19:38
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buttcoin rules because its how you buy drugs from the internet though.
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Feb 9, 2021 17:07
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I think at this point, the chance of bitcoin becoming worthless or even dropping under like $1k USD is pretty much impossible. Its never going to be worthless unless someone cracks the blockchain itself. Just too many people who would buy a 1k buttcoin. Calling it a ponzi is a slight stretch although Tango is right that it is being used to defraud people. Its more like an ongoing repeated pump and dump scheme. The price keeps going up because groups of crypto whales who got in super early are artificially driving the price and getting regular investors to jump in out of fear of missing out. Once the in group (the crypto whales) cash out, they are going to let the price fall and leave people holding expensive buttcoins. Then this new group of bagholders helps shill the price up again for the next wave because they want to recoup their investments. The curent spike in price started artificially and is now carried by hype and it is going to drop out like it did back in early 2018, leaving a lot of people holding the bag. You can see this cycle happen a bunch throughout buttcoin and other crypto's history. Also this is like 99% of altcoins as well.
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Feb 9, 2021 22:00
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Rectal Death Adept posted:But you are right, it will never be worthless because of how many people have gone insane over it. Even if ShitcoinSupreme is $100,000/coin and accepted everywhere instantly you'll have 2040 era hipsters ironically running bitcoin mining rigs and trading them to the true believers that are still around. Yup this is what I meant. I didn't mean it would never go to zero because it has a useful purpose, more like it will never go to zero because of crazy people and name recognition.
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Feb 9, 2021 23:06
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if the government actually cared about that, they would ban buttcoin.
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Feb 10, 2021 17:04
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There are fast decentralized cryptocurrencies that dont use mining but also like why fuckin bother. Just use venmo.
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Feb 11, 2021 22:32
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If you dont have any pegglecoin you are missing out though
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Feb 14, 2021 23:18
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