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Thread: Bitcoin....who's gotten into it?
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12-08-2018, 02:30 PM #2276
Wilted, I haven't even put any effort as for some reason you can't seem to grasp. The analogies are probably poor it's because I've been discussing shit on the internet with people that actually put some forth some effort in learning about what they're trying to talk about and so far there are very few that do and the ones that have put some effort in learning about cryptos are proponents for it.
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12-08-2018, 02:30 PM #2277I drink it up
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Bitcoin....who's gotten into it?
Yeah, but for what? What kills me is you readily acknowledge that paper bills are worthless if we don’t all agree they’re worth something. What makes us agree they’re worth something has very little in common with blockchain or bitbux (or whatever the fuck we’re allowed to talk about without you dismissing everybody as “just not getting it”).
Paper bills == crypto currency. USD ARE NOT similar to crypto currency, however. There’s a massive false equivalence going on here. A few hammers and saws don’t make a fucking construction company. Hammers and saws in the public domain won’t build a house, though you could incent people to hoard the hammers and saws cuz they’re cryptotools. Maybe you’d do that by building a few houses with them, showing everybody how amazing they work. I don’t fucking know. But you wouldn’t want a bunch of decentralized randoms building your house, because that would be a shitty fucking house.
You wouldn’t put this collection of cryptotools up against a construction company as a superior way to build a house, because that would be stupid. Somehow, though, we’re putting crypto up against real currency as a superior way to store and exchange value. The comparison doesn’t even make sense.
Some day, maybe crypto will be used as a real currency, and there have been a couple stabs at that (e.g. Venezuela). That’s pretty interesting. It will only work if the organization behind it is legit and has some idea how to fucking do it, though.Last edited by Mustonen; 12-08-2018 at 02:55 PM.
focus.
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12-08-2018, 02:43 PM #2278I drink it up
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12-08-2018, 03:12 PM #2279I drink it up
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Bitcoin....who's gotten into it?
I think this is the rub..... some are better (relatively) in terms of transaction costs and throughput, but the transaction itself is still an exchange of something purely speculative with little or no grounding in reality. I can imagine a world where dollars are exchanged through (a much better version of) crypto. Or an IPO is done via crypto. That’s interesting. All the other bullshit is entertaining for its stupidity at best.
Remember. The pet rock guy became a millionaire.focus.
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12-08-2018, 04:10 PM #2280
It is kinda sad, actually. There's millions of akpouges who are going to be left hodling the bag because they can't distinguish between objective analysis and a vested interest trying to prop up their own portfolio. I've read that Millennials have terrible critical thinking skills and cryptos seems to be the proof.
Altruism? Maybe not. But perhaps it is our duty as a society to rub their nose in their own stupidity every time bitcoin legs down another $1000. Maybe these poor suckers will learn something before they take over. Whatever. Maybe every generation deserves their own turn to wrestle with the fact that human beings are shit.
Last edited by neckdeep; 12-08-2018 at 04:32 PM.
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12-08-2018, 04:47 PM #2281I drink it up
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^^^ I’ve thought this a few times but never managed to articulate it. I think we have a duty to eschew harmful bullshit. And something that encourages the many to throw their money at the few for no benefit is harmful.
Maybe that’s why bullying is so engrained in our species? It serves a purpose to mock stupid shit.... [/crossthread]focus.
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12-08-2018, 10:46 PM #2282
I don't put any value into some of your guys opinion. It's the weekend and you've nothing better to do than post on here your crap about cryptos. Im working in another country and wish I had something better to do. I'd maybe put some thought into your opinion if you actually did some research but I haven't seen that. I have done a ton of research into this and have no altruism, it's nice to know they're are such smart people like yourselves looking out for the disadvantaged like me.
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12-08-2018, 10:55 PM #2283
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12-08-2018, 11:30 PM #2284
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12-08-2018, 11:48 PM #2285
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12-08-2018, 11:49 PM #2286
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12-09-2018, 12:47 AM #2287
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12-09-2018, 07:30 AM #2288
After tax I think I cleared around 4k on crypto. Maybe 5k. I can't remember.
Wouldn't mind doing that again."I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road
Brain dead and made of money.
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12-09-2018, 07:51 AM #2289Registered User
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12-09-2018, 08:04 AM #2290
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12-09-2018, 08:10 AM #2291Registered User
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12-09-2018, 08:32 AM #2292
I said not much, last I checked not much doesn't mean none. What do I need to research it and find the exact amount? Not much is compared to bitcoin which requires a lot of energy to mine and no I don't have exact figures nor am i going to research it to find exact numbers.
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12-09-2018, 09:01 AM #2293Registered User
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12-09-2018, 09:10 AM #2294
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12-09-2018, 09:29 AM #2295I drink it up
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12-09-2018, 09:33 AM #2296I drink it up
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12-09-2018, 09:38 AM #2297
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12-09-2018, 09:47 AM #2298Registered User
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How many GPUs does bitcoin require?
The more you have the faster it goes.
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12-09-2018, 09:51 AM #2299Registered User
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Which is the cryto with negligible processing needs?
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12-09-2018, 09:58 AM #2300
has anyone gone to a developing world country (or just another country) and seen if this shit actually works? asked these ostensible end users what they are looking for? by that - wechatpay is massively popular in china - 800million users, huge volume, deployed everywhere. it does the "pay electronically in person thing with your bank account" well - which might be all the functionality people want.
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