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 Now online (3)w M w belb dariusgriffin ...and 104 guests Last 5 registered Oplandisks nothingstar N_loop yipe foxtrotromeo Browse members... |
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yalls best be resirchin teh bitcoins yo |
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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... |
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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! |
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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. |
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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. |
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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 here. |
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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) |
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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 |
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"Not a chance I am buying in right now at $800USD/per [Bitcoin]" Heh. Whoopsie. |
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Hehe nice. I've only got 15 Chainlink atm |
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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 |
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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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john mcafee: the man. the legend. the sociopath |
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sold all my chainlink to buy eurorack :-) they call it eurocrack for a reason |
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how can make bitcones made mined with eurorack? |
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bitcoin is a reptile overlord scheme tho because the reptile people have trouble physically grasping fiat currency with claws so they need something they can hold onto & manipulate digitally |
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w M w must have got rich |
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titcoin |
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i'll see your titcoin and raise you a clitcoin |
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Part of me is angry that I never invested more in bitcoin when I first learned of it, but the other part of me is relieved I didn't waste more on drugs and weapons. |
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gitcoin imo |
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