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Doccykins
Feb 21, 2006

ullerrm posted:

He’s still living above his means and being petulant about it... but the shitcoins were sold. Gotta applaud the baby steps.

um no he's still holding the "worthless" ones in case they become less worthless



Chalks posted:

Did he buy before the bubble burst or did he buy on the way down?

zaurg posted:

The last time I bought btc/eth was on 1/15/18
The last time I bought a random shitcoin was on 3/11/18

lol he also only bought after the rest of the thread told him not to because of the incredibly obvious bubble

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Ghostlight
Sep 25, 2009

maybe for one second you can pause; try to step into another person's perspective, and understand that a watermelon is cursing me



Boxturret posted:

Andreas makes our list this year due to being the 20th person in bitcoin

BobHoward
Feb 13, 2012

The only thing white people deserve is a bullet to their empty skull

QuarkJets posted:

hey i haven't been keeping up with the bitcoin funny pages anything funny happen in the last 3 months

same request except i haven't been keeping up with thraed since summer 2017

last laugh futures i remember were idiotic fights between chinese mining concerns and rear end in a top hat westerners over maximum block size, i guess that has developed into actual live forks? lmao

Ursine Catastrophe
Nov 9, 2009

It's a lovely morning in the void and you are a horrible lady-in-waiting.



don't ask how i know

Dinosaur Gum

BobHoward posted:

same request except i haven't been keeping up with thraed since summer 2017

last laugh futures i remember were idiotic fights between chinese mining concerns and rear end in a top hat westerners over maximum block size, i guess that has developed into actual live forks? lmao

we're on bitcovn now, maybe even bitcovin

gschmidl
Sep 3, 2011

watch with knife hands

Ursine Catastrophe posted:

we're on bitcovn now, maybe even bitcovin

A bitcoven has three butters, but they're all the incel.

Beelzebufo
Mar 5, 2015

Frog puns are toadally awesome


https://youtu.be/UQvy6lwRkAI

divabot
Jun 17, 2015

A polite little mouse!

ullerrm posted:

speaking of good life choices, zaurg supposedly actually sold his shitcoins

Thumbtacks posted:

now we just wait for the other running shoe to drop

there's no way he didn't make some insane purchase in the last few months, it's guaranteed

Thumbtacks posted:

i know it won't happen but part of me is entertaining the idea that now that he sold, bitcoin is going to loving explode like tomorrow and go up 8000%

Beelzebufo
Mar 5, 2015

Frog puns are toadally awesome


BobHoward posted:

same request except i haven't been keeping up with thraed since summer 2017

last laugh futures i remember were idiotic fights between chinese mining concerns and rear end in a top hat westerners over maximum block size, i guess that has developed into actual live forks? lmao

Here's a good laugh for you


https://www.youtube.com/watch?v=kxbCHlXZ-0U

Soricidus
Oct 21, 2010
freedom-hating statist shill

gschmidl posted:

A bitcoven has three butters, but they're all the incel.

the incel, the miner, and the coin

dads friend steve
Dec 24, 2004

imagine 4 ASICS at the edge of a cliff

Dixie Cretin Seaman
Jan 22, 2008

all hat and one catte
Hot Rope Guy

shigeru's vision

AlbieQuirky
Oct 9, 2012

Just me and my 🌊dragon🐉 hanging out
mario is elmer fudd with a mustache

this is unsettling

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Please don't post unsolicited photos of Mavid Merard.

BMan
Oct 31, 2015

KNIIIIIIFE
EEEEEYYYYE
ATTAAAACK


ullerrm posted:

speaking of good life choices, zaurg supposedly actually sold his shitcoins

he sold?

pamp eet

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
activate quantum immortality

Erenthal
Jan 1, 2008

A relaxing walk in the woods
Grimey Drawer
this thread is promoting negative rape of whales and i won't stand for it

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
i was looking at my laser printer the other day and was thinking "oh man it would be great if i could use the fuser to make toast". so ofc then i went to open it up and reprogram one of the paper sizes to toast but when i tried to open it there was just a chip that had hitler and stalin on it that said "lol closed source fucker!"

i stumbled outside, fell to my knees, and wailed at the sky and lo did the clouds part and the visage of rms appear. my voice wavered as i made my desperate plea: "rms save me, for i am being oppressed!" his gaze fell upon me, chins rippling beneath the beard of the blessed as he was forced to look downward onto such a lowly creature as i, and the heavens did boom "have you ever thought that maybe the whales want it?"

Erenthal
Jan 1, 2008

A relaxing walk in the woods
Grimey Drawer
“What’s ‘negative rape’?” Stolfi asked.

“Just what you might think it is. What you and we call rape is forcing somebody to have sex even if they don’t want it. Negative rape is forcing someone not to have sex, even if they and their prospective whale do want it. It is a very common problem in your society. A guy and a whale want to get it on but some third party forces them to stop. This of course is a great way to assert power for that third party. It takes a lot of power to override the natural sex drive,” McAfee explained.

“So you like loving whales?” Stolfi asked.

“Of course I do,” McAfee said. “Everybody does, if they are allowed to decide for themselves about the matter. Remember the Ninth Commandment of my software?”

“Have fun?”

BMan
Oct 31, 2015

KNIIIIIIFE
EEEEEYYYYE
ATTAAAACK


IDK about whales, but there was that story about dolphin handjobs

https://gawker.com/this-woman-had-precious-gentle-sex-with-a-dolphin-1588710815

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?

Boxturret posted:

i was looking at my laser printer the other day and was thinking "oh man it would be great if i could use the fuser to make toast". so ofc then i went to open it up and reprogram one of the paper sizes to toast but when i tried to open it there was just a chip that had hitler and stalin on it that said "lol closed source fucker!"

i stumbled outside, fell to my knees, and wailed at the sky and lo did the clouds part and the visage of rms appear. my voice wavered as i made my desperate plea: "rms save me, for i am being oppressed!" his gaze fell upon me, chins rippling beneath the beard of the blessed as he was forced to look downward onto such a lowly creature as i, and the heavens did boom "have you ever thought that maybe the whales want it?"

:wrong:

rjmccall
Sep 7, 2007

no worries friend
Fun Shoe

Splicer posted:

buttcoin

:monocle:

Dixie Cretin Seaman
Jan 22, 2008

all hat and one catte
Hot Rope Guy

BMan posted:

IDK about whales, but there was that story about dolphin handjobs

https://gawker.com/this-woman-had-precious-gentle-sex-with-a-dolphin-1588710815

i think you're allowed to get to first base with an animal bc that's how the farmers milk that prize bull semen

Sham bam bamina!
Nov 6, 2012

ƨtupid cat
is mining still unprofitable or did the difficulty drop off enough for sub-$4k butts to be worth it

Nybble
Jun 28, 2008

praise chuck, raise heck
that implies that at one point it was profitable

Sham bam bamina!
Nov 6, 2012

ƨtupid cat

Nybble posted:

that implies that at one point it was profitable
it was possible to sell butts for more money than the electricity used to mine them cost, this is known as "profit"

Sham bam bamina!
Nov 6, 2012

ƨtupid cat
sorry, don't mean to be a dick but i was asking an honest question because i'm a hundred pages behind on this stuff

KnifeWrench
May 25, 2007

Practical and safe.

Bleak Gremlin

Dixie Cretin Seaman posted:

i think you're allowed to get to first base with an animal bc that's how the farmers milk that prize bull semen

I don't think of myself as particularly prudish, but what the gently caress is second or third base in an analogy where first is a handjob to completion?

rjmccall
Sep 7, 2007

no worries friend
Fun Shoe

Sham bam bamina! posted:

is mining still unprofitable or did the difficulty drop off enough for sub-$4k butts to be worth it

iiuc it's still profitable in some places but it's highly dependent on electricity rates

difficulty is only down like 20% from peak (early october), it's still up 200% yoy

BangersInMyKnickers
Nov 3, 2004

I have a thing for courageous dongles

Sham bam bamina! posted:

it was possible to sell butts for more money than the electricity used to mine them cost, this is known as "profit"

my time and supporting infrastructure are worthless so this makes sense

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
i think bitmain, one of the big chinese miners and run by one third of the ver collective, has seen some pretty big losses recently

then there's also the video posted earlier of that guy tearing down his mining farm

so maybe??

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

KnifeWrench posted:

I don't think of myself as particularly prudish, but what the gently caress is second or third base in an analogy where first is a handjob to completion?

second is implanting eggs in them with your ovipostor and third is when their body bursts open releasing all the tiny andreases :3:

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?

Boxturret posted:

second is implanting eggs in them with your ovipostor and third is when their body bursts open releasing all the tiny andreases :3:

oh is that how i was born

interesting

Dixie Cretin Seaman
Jan 22, 2008

all hat and one catte
Hot Rope Guy

KnifeWrench posted:

I don't think of myself as particularly prudish, but what the gently caress is second or third base in an analogy where first is a handjob to completion?

sorry gramps they changed it up for the generation that learned sexual norms from internet porn. now the bases are handjob -> blowbang -> anal creampie. home run is non-performative french kissing

rjmccall
Sep 7, 2007

no worries friend
Fun Shoe

BangersInMyKnickers posted:

my time and supporting infrastructure are worthless so this makes sense

bitcoin has definitely been profitable enough to cover labor and other costs. like i have never touched the poop and have no intention of ever doing so, but most of the "this makes no sense as a business" lols died when the bubble went over $1000 and stayed there, because most of those costs are fixed (or nearly so) instead of scaling with hashrate. it's not going to be a good business to be in ten years from now but the same might be said of writing webapp backends in scala or running a brick and mortar appliance store

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

rjmccall posted:

it's not going to be a good business to be in ten years from now but the same might be said of writing webapp backends in scala

poor pleasurekevin :(

Nybble
Jun 28, 2008

praise chuck, raise heck
In general, mining was only profitable if the price kept rising. Finding cheap electricity makes it marginal, the real profit was when you could sell high. Each block's rewards are mostly the inflating "12.5 new Bitcoin every 10 minutes!" instead of the ~1 bitcoin of fees. When the next halvening occurs, it will make it that much harder to profit.

Specifically, Bitmain would have been okay if they stuck to "selling the shovels" (but they even hosed that up) but now who will they sell miners to in a downturn? Coinbase might be fine, but they also need lots of volume for fees to justify continued investment.

rjmccall
Sep 7, 2007

no worries friend
Fun Shoe
i should add that it's also specifically not a good business to be in right now because there was a massive mining buildout, but that buildout happened precisely because it was extremely profitable to mine bitcoins for a while there. there are no significant barriers to entry/exit with cryptocurrency mining so the mining economy will always move rapidly towards an equilibrium of tiny profit margins. but that movement does have some lag time because it requires actually building new machines and so huge price spikes can totally be a bonanza for current miners in the short term... if they don't throw it all away building out assuming the spike will last forever

don't touch the poop kids

Dixie Cretin Seaman
Jan 22, 2008

all hat and one catte
Hot Rope Guy
why my genital slit smell like seaman

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

Dixie Cretin Seaman posted:

why my genital slit smell like seaman

im guessing its because you engaged in sexual intercourse

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Dixie Cretin Seaman
Jan 22, 2008

all hat and one catte
Hot Rope Guy

Boxturret posted:

im guessing its because you engaged in sexual intercourse

a bold hypothesis

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