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bitcoin
 

offline w M w from London (United Kingdom) on 2014-01-12 06:37 [#02465877]
Points: 21386 Status: Regular



LAZY_TITLE

yalls best be resirchin teh bitcoins yo


 

offline colani from Retarded (France) on 2014-01-12 10:26 [#02465879]
Points: 1054 Status: Regular | Show recordbag



metal coin


 

offline colani from Retarded (France) on 2014-01-12 11:17 [#02465880]
Points: 1054 Status: Regular | Show recordbag



I bought 33% of my wealth on silver metal coins. Since then,
silver is down 40% and bitcoins are up 1000%. I blame the
jews...


 

offline drill rods from 6AM-8PM NO PARKING (Canada) on 2014-01-12 11:20 [#02465881]
Points: 1166 Status: Lurker



I don't know enough to pass judgement on things like this,
but I do know that it really pisses me off that inflation
even exists. That's a lot of the reason people hoard gold
and bitcoins. Fuck's sake, the economy is something of our
making, so we should be able to just decide to not have
inflation. If we have fiat currency then we should be able
to decide what it is able to buy. If that makes us commies
then so be it yo!


 

online EpicMegatrax from Greatest Hits on 2014-01-12 12:13 [#02465882]
Points: 16420 Status: Regular



bitcoin is classic speculation. most people are pretty sure
it'll collapse, the question is simply when. from there,
it's a game of financial chicken. on the one hand, i feel
like a moron for not getting a bitcoin or two when i first
started following it a year or three back (they were $5-7
then). on the other hand, hindsight is 20/20, it could have
just have easily all vaporized and been worth nothing. the
sudden cavitations in value whenever an exchange gets hacked
or the FBI busts some shit should tell you (as an investor)
all you need to know: maybe you can churn a bit of green out
of this still, but don't put cash you can't afford to lose
into it.


 

offline corticalstim from Canada on 2014-01-12 17:25 [#02465884]
Points: 3883 Status: Regular



I am waiting to see if it drops below $100USD/per in value
again, and I might exchange a bit of my liquid. Not a chance
I am buying in right now at $800USD/per - I know a few guys
who were at a security conference in Las Vegas 2 years ago,
who purchased a bunch of BTCs from a vendor for $10USD/per.
Wishing I was at that one.

Any of you got mining rigs running? Got a few friends who do
process time exchange from service to service for other
miners, a bit of a fuck-around, but there is a profit in it
while the price is up.



 

online EpicMegatrax from Greatest Hits on 2014-01-12 18:19 [#02465885]
Points: 16420 Status: Regular | Followup to corticalstim: #02465884



that was my initial angle, not to buy the bitcoins but mine
them, since i do lots of computer fings anyways. you used to
be able to do alright with a beefy PC (graphics card in
particular is important, as that does most of it) but now
the game is too far in. it's designed so bitcoins get
progressively harder to mine. you might still get lucky
running it as a "screensaver" but there will come a point
where it's not even worth the electricity. dudes have those
spit-and-string hotrod ASIC jobbies from butterfly labs and
such... once that runs into a wall, what next? i figure
that'll be the end of it. when crunching new coins becomes
impossible, the hackers will lose interest. price climb
halts, everyone pulls their money out, collapse. very well
might last on after that as a currency, just at $10/per
instead of whatever it is now. boring makes for stable.

but, hey, i'm not exactly a H4x0r Economist here.


 

offline drill rods from 6AM-8PM NO PARKING (Canada) on 2014-01-12 20:17 [#02465893]
Points: 1166 Status: Lurker



How much effort does it take to mine them?

I'll probably stick to buying land though (read: I'll
probably stick to dreaming that one day I will be able to
afford to buy land)


 

online EpicMegatrax from Greatest Hits on 2014-01-12 20:54 [#02465895]
Points: 16420 Status: Regular | Followup to drill rods: #02465893



it's worth getting it going just for fun, experience, etc.
on a weekend but i wouldn't expect much. that's probably a
good start, actually.

as for your land thing: people do very well through scraping
up some initial capital and then doing something boring but
repeatable, i.e. renting crappy houses to college students
etc


 

offline corticalstim from Canada on 2021-02-22 08:32 [#02607673]
Points: 3883 Status: Regular



"Not a chance
I am buying in right now at $800USD/per [Bitcoin]"

Heh. Whoopsie.


 

offline umbroman3 from United Kingdom on 2021-02-22 10:58 [#02607674]
Points: 4973 Status: Lurker



Hehe nice. I've only got 15 Chainlink atm


 

online EpicMegatrax from Greatest Hits on 2021-02-23 00:55 [#02607678]
Points: 16420 Status: Regular



i was fucking around with mining software, joined a mining
pool when it was $20/coin, but i didn't have the right
graphics card so i just gave up. but actually not before
looking at putting some money into hardware, no i'm too
broke, no one wanted to go in on it with me either, that's
how it goes

years later lewis spontaneously made about $20k on bitcoin,
was very responsible with it for a few years, and then blew
most of it in an episodic few months, he last the wallet,
the somehow he found it again and there's more in there
again because it's risen so much that the bit he lost track
of is now worth something again. that's how lewis goes. i'd
be jealous if he were functional enough to enjoy his
freakishly perfect timing of chaos


 

online EpicMegatrax from Greatest Hits on 2021-02-23 00:59 [#02607679]
Points: 16420 Status: Regular



i feel like maybe i should just be running on a mining pool
on idle on the various whatever i have around. if it's going
up in value that much, may as well plow the spare CPU cycles
into it? safer than shelling out to invest at least


 


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