Author Topic: Bitcoin and Cryptocurrency Thread (Read 84992 times)

Assimilate · « **Reply #1500 on:** June 13, 2018, 03:03:14 PM »

Quote from: Atramental on June 13, 2018, 02:51:35 PM

I'm not going to be able to afford a condo. Half of that $20K will (or would) be going to taxes next year to pay off the $50K "realized gains" that I lost at the beginning of 2017.

The rest will be going towards hardware, software, and other assets I need in order to land a better/higher paying job outside of my state. Or setting up an ecommerce site where I would sell digital design assets off of.

Also, I would probably kill myself if I further anchored myself down in my hometown by buying a house here. If I end up living here past my 30s I have officially failed as a person.

It's not about living there forever, but you can rent it out.

I feel yea though. It's probably best to gtfo of there as soon as possible. "Hometowns" should never be lived in.

shosta · « **Reply #1501 on:** June 13, 2018, 03:41:44 PM »

You fucking moron. You absolute dipshit. You know how many people would kill for that kind of savings bucket? Put literally all of that shit in a diversified stock portfolio and let it double every 7ish years. And take some of that and MOVE. There is nothing to be gained from crypto currency anymore, the bubble is over.

Assimilate · « **Reply #1502 on:** June 13, 2018, 03:47:47 PM »

Quote from: kris on June 13, 2018, 03:41:44 PM

You fucking moron. You absolute dipshit. You know how many people would kill for that kind of savings bucket? Put literally all of that shit in a diversified stock portfolio and let it double every 7ish years. And take some of that and MOVE. There is nothing to be gained from crypto currency anymore, the bubble is over.

Savings? You said savings? Who has that these days?

HardcoreRetro · « **Reply #1503 on:** June 13, 2018, 03:50:35 PM »

Look at his tag. He's doing exactly what he says he will.

Wait for another crash, watch him post 20 unfunny cryptocurrency memes and then people have to talk him out of killing himself in the depression thread. It's entertainment for the entire family.

Money well spent. Keep doing you!

Assimilate · « **Reply #1504 on:** June 13, 2018, 03:52:16 PM »

In all honesty i used to think i needed a lot of money, i'm starting to think otherwise. My free time might be more important to me.

I'm content with having a nice apartment/condo with just enough space but not too much space where it's a hassle to maintain, which is close to the beach, with a gym around the corner. I'm good.

headwalk · « **Reply #1505 on:** June 13, 2018, 03:57:16 PM »

i work freelance and free time is essentially my most expensive luxury item. could be earning double what i do if i did the same number of days as the average 9-5er.

at least until i see a 1982 silverburst les paul custom in a shop window.

Atramental · « **Reply #1506 on:** June 13, 2018, 04:06:28 PM »

Quote from: kris on June 13, 2018, 03:41:44 PM

You fucking moron. You absolute dipshit. You know how many people would kill for that kind of savings bucket? Put literally all of that shit in a diversified stock portfolio and let it double every 7ish years. And take some of that and MOVE. There is nothing to be gained from crypto currency anymore, the bubble is over.

edit: Also, I don’t have 7 years. I have this year and then I’m out for good.

Nintex · « **Reply #1507 on:** June 13, 2018, 04:07:20 PM »

What surprises me about Crypto is that it doesn't seem to be tied to any 'real world' conditions.
When something like Italy voting weird happens and the Euro is shaky again I expect Crypto go up but it doesn't.
It seems entirely depended on the memeconomy and Grog

Tasty · « **Reply #1508 on:** June 13, 2018, 04:10:58 PM »

Quote from: Nintex on June 13, 2018, 04:07:20 PM

What surprises me about Crypto is that it doesn't seem to be tied to any 'real world' conditions.
When something like Italy voting weird happens and the Euro is shaky again I expect Crypto go up but it doesn't.
It seems entirely depended on the memeconomy and Grog

The hallmarks of a stable currency, surely.

Atramental · « **Reply #1509 on:** June 13, 2018, 04:50:11 PM »

https://en.decentral.news/iexec-blockchain-based-cloud-computing/

naff · « **Reply #1510 on:** June 13, 2018, 05:06:10 PM »

Quote from: kris on June 13, 2018, 03:41:44 PM

You fucking moron. You absolute dipshit. You know how many people would kill for that kind of savings bucket? Put literally all of that shit in a diversified stock portfolio and let it double every 7ish years. And take some of that and MOVE. There is nothing to be gained from crypto currency anymore, the bubble is over.

I agree, he should def just realise when he can.

But there is still a lot to be gained in a fake money pool with 250 billion real moneys worth of fake monies floating around. But not for ppl in Atras position. This is a whales market.

shosta · « **Reply #1511 on:** June 13, 2018, 05:15:14 PM »

Quote from: Atramental on June 13, 2018, 04:50:11 PM

https://en.decentral.news/iexec-blockchain-based-cloud-computing/

https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100

https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec

You invest in things that have value. What is the value of distributed ledger technology? Nintex made a fine point about how the world market doesn't affect cryptocurrency at all. Does that sound like a rational market to you?

Atramental · « **Reply #1512 on:** June 13, 2018, 05:27:14 PM »

The two coins I'm heavily invested in, iExec/RLC and Burst, are both blockchain-agnostic. Meaning, they can function with or without the blockchain.

From that article I linked to:

Quote

"The challenge iExec is facing is that they are trying hard not to be a blockchain project. Instead, they want to be referred to as a project that only uses blockchain. This is because they want to always be players. Moreover, they want to target the decentralized economy and provide a new paradigm in consuming computing resources.

Another big challenge is reaching the enterprise level as soon as possible. However, they have started working with a few companies like Intel to ensure that this happens. The fact that iExec is working towards this challenge, shows that they really are intending to become the world’s premier decentralized computing market.

The future looks exciting for iExec. If you are a decentralized business or intending to go into that industry, iExec is definitely your best option."

edit:
Assimilate, another date to look forward to is October 18th of this year:
https://coinmarketcal.com/?form%5Bdate_range%5D=13%2F06%2F2018+-+01%2F09%2F2021&form%5Bcoin%5D%5B%5D=iExec+RLC+%28RLC%29&form%5Bsort_by%5D=&form%5Bsubmit%5D=

Assimilate · « **Reply #1513 on:** June 13, 2018, 08:49:38 PM »

Quote from: naff on June 13, 2018, 05:06:10 PM

Quote from: kris on June 13, 2018, 03:41:44 PM
You fucking moron. You absolute dipshit. You know how many people would kill for that kind of savings bucket? Put literally all of that shit in a diversified stock portfolio and let it double every 7ish years. And take some of that and MOVE. There is nothing to be gained from crypto currency anymore, the bubble is over.

I agree, he should def just realise when he can.

But there is still a lot to be gained in a fake money pool with 250 billion real moneys worth of fake monies floating around. But not for ppl in Atras position. This is a whales market.

Everything is a fucking whales market in this global economy. It doesn't mean you can't make money. You easily can.

Atramental · « **Reply #1514 on:** June 13, 2018, 10:04:59 PM »

https://qz.com/1298221/china-is-suddenly-full-of-nice-things-to-say-about-blockchain-technology/

Tasty · « **Reply #1515 on:** June 14, 2018, 02:51:47 PM »

https://www.theverge.com/2018/6/14/17464426/stephen-bannon-white-house-trump-bitcoin-deplorables-ico-italy-coin

Kara · « **Reply #1516 on:** June 14, 2018, 03:20:09 PM »

blockchain

إسناد

brawndolicious · « **Reply #1517 on:** June 14, 2018, 06:56:05 PM »

What's an asnod?

Kara · « **Reply #1518 on:** June 14, 2018, 07:37:19 PM »

The chain of transmission for Hadith.

https://www.britannica.com/topic/isnad

Joe Molotov · « **Reply #1519 on:** June 14, 2018, 07:57:40 PM »

Quote from: brawndolicious on June 14, 2018, 06:56:05 PM

What's an asnod?

About three pounds.

Wait, no, I told it wrong.

naff · « **Reply #1520 on:** June 14, 2018, 09:03:05 PM »

Quote from: Assimilate on June 13, 2018, 08:49:38 PM

Quote from: naff on June 13, 2018, 05:06:10 PM
Quote from: kris on June 13, 2018, 03:41:44 PM
You fucking moron. You absolute dipshit. You know how many people would kill for that kind of savings bucket? Put literally all of that shit in a diversified stock portfolio and let it double every 7ish years. And take some of that and MOVE. There is nothing to be gained from crypto currency anymore, the bubble is over.

I agree, he should def just realise when he can.

But there is still a lot to be gained in a fake money pool with 250 billion real moneys worth of fake monies floating around. But not for ppl in Atras position. This is a whales market.
Everything is a fucking whales market in this global economy. It doesn't mean you can't make money. You easily can.

totes, but a high risk investment is not what you want to be doing when you're depressed already and a little bit fucked financially IMO. crypto is a lot more top heavy than traditional markets (~250 addresses own the majority of btc), with 0 regulation. they're just fucking with you at this point. you can get lucky for sure, but it's way more of a gamble than crypto bros paint it. you could easily lose money as much as you can easily make it, and you have little agency in the matter.

take your reasonable win, get into stable investment, focus on good living and smangin' some single moms breh

naff · « **Reply #1521 on:** June 14, 2018, 09:11:34 PM »

idk, at least diversify a bit. or take a holiday to SE Asia or some shit.

im not good at saving, but i am at least starting to look at buying a house and can prolly save another 20k or so this year after i pay off my student loan. i would be sweating bullets if that money was in crypto. it seems atra is too. based on what i'm seeing in here, it seems there's a bit of sunk cost fallacy at play in staying in the market right now.

Atramental · « **Reply #1522 on:** June 14, 2018, 10:09:08 PM »

Fuck the whales. I’m captain Ahab in this bitch.

Atramental · « **Reply #1523 on:** June 19, 2018, 07:20:51 AM »

https://medium.com/iex-ec/iexec-dev-letter-21-v2-mainnet-security-audits-whats-next-380f96d02e86

>Connect Your Machines and Earn RLC

>To celebrate this mainnet launch, a Worker Airdrop will be organized soon!

>This worker airdrop is an opportunity for you to register your machines as public workers before the official release of public worker pools in September. You’ll be able to run works and get rewarded in RLC. Some random works will have an inflated amount of RLC attached to them for you to seize.

>In the coming weeks, we will configure a workerpool specifically dedicated to this contest. We will choose an application for the airdrop, define an RLC reward policy for participating workers, dry run it on test network and test workers beforehand, prepare out-of-the-box worker clients in order for everyone to participate, prepare the associated marketing… and launch it. Stay tuned for more details!

If you have a nice high end computer there will be an opportunity to earn RLC with it in July.

Assimilate · « **Reply #1524 on:** June 19, 2018, 10:38:49 AM »

This thing hasn't budged.

shosta · « **Reply #1525 on:** June 19, 2018, 03:24:22 PM »

The stock market is taking a hit today so that would be highly unusual for a real market.

Nintex · « **Reply #1526 on:** June 19, 2018, 04:03:12 PM »

Whenever Crypto comes up I always tell people to 'buy'. I believe that is the only way to keep this thing going.
However, folks have catched on to the fact that it isn't moving much (at all) anymore.

People in crypto have also stopped looking at their charts and phones at parties every few seconds to see their gains.

I'm getting worried but you should all buy.

Atramental · « **Reply #1527 on:** June 19, 2018, 04:15:16 PM »

During times of peak negativity/apathy are usually the best times to buy.

Assimilate · « **Reply #1528 on:** June 21, 2018, 04:43:00 PM »

Quote from: Atramental on June 19, 2018, 04:15:16 PM

During times of peak negativity/apathy are usually the best times to buy.

Yeah well we are definitely in negativity right now. Iexec is fucked

Atramental · « **Reply #1529 on:** June 21, 2018, 04:58:57 PM »

I’m still hopeful overall.

I was accumulating RLC when it was going sideways between February and April.

I’ll probably accumulate more when it begins to go sideways again.

Nintex · « **Reply #1530 on:** June 21, 2018, 05:02:36 PM »

South Korea is investing in blockchains and coins.

Atramental · « **Reply #1531 on:** June 21, 2018, 06:29:37 PM »

Quote

It's going to enable off-chain processing for ETH, but their endgame is edge/fog computing. It's essentially next-gen cloud infrastructure, which by the way is being developed by iExec, IBM, Microsoft, Samsung, Intel and CISCO_FUCKING_SYSTEMS. Why is this huge? Well. 80% of the world's data is handled by Cisco routers and switches. Now iExec is working with all these behemoths side-by-side @ OpenFog consortium. If these guys want to push new tech, you'd be an absolute distinguished mentally-challenged fellow betting against them.

Imagine you're a datacenter. Now what does it cost to run it all? Literally hundreds of millions to build it and then some more to keep it running. Now imagine you could provide hosting and computing (Amazon Web Services, Netflix runs on it for example), without having to build a huge fucking datacenter. You just rent any goddamn hardware that is idling anywhere in the world to provide your service.

Now, you don't pay for infrastructure. So you cut your prices down. You become appealing to customers. You grow. You become the airBnB and Uber of data networks/service providing.

What do you need the tokens for, you might ask? Well let my autistic-as-fuck ass tell you.
It's to pay the hardware owners for computational cycles. Just like mining, but actually doing work and not wasting electricity for frivolous shit.

Oh, this sort of network model is also ABSOLUTELY CRUCIAL to IoT, since it kills all sorts of problems associated with latency and security. FUCK. This project makes my dick hard.

http://boards.4chan.org/biz/thread/9976984

benjipwns · « **Reply #1532 on:** June 21, 2018, 09:47:18 PM »

https://store.steampowered.com/app/820750/Cryptocurrency_Clicker/

brawndolicious · « **Reply #1533 on:** June 21, 2018, 09:58:05 PM »

So why don't the data center owners just make their own proprietary coins?

zomgee · « **Reply #1534 on:** June 22, 2018, 06:57:54 AM »

PiedPiperCoin already did it.

Brehvolution · « **Reply #1535 on:** June 22, 2018, 09:39:09 AM »

Quote from: Atramental on June 21, 2018, 06:29:37 PM

Quote
It's going to enable off-chain processing for ETH, but their endgame is edge/fog computing. It's essentially next-gen cloud infrastructure, which by the way is being developed by iExec, IBM, Microsoft, Samsung, Intel and CISCO_FUCKING_SYSTEMS. Why is this huge? Well. 80% of the world's data is handled by Cisco routers and switches. Now iExec is working with all these behemoths side-by-side @ OpenFog consortium. If these guys want to push new tech, you'd be an absolute distinguished mentally-challenged fellow betting against them.

Imagine you're a datacenter. Now what does it cost to run it all? Literally hundreds of millions to build it and then some more to keep it running. Now imagine you could provide hosting and computing (Amazon Web Services, Netflix runs on it for example), without having to build a huge fucking datacenter. You just rent any goddamn hardware that is idling anywhere in the world to provide your service.

Now, you don't pay for infrastructure. So you cut your prices down. You become appealing to customers. You grow. You become the airBnB and Uber of data networks/service providing.

What do you need the tokens for, you might ask? Well let my autistic-as-fuck ass tell you.
It's to pay the hardware owners for computational cycles. Just like mining, but actually doing work and not wasting electricity for frivolous shit.

Oh, this sort of network model is also ABSOLUTELY CRUCIAL to IoT, since it kills all sorts of problems associated with latency and security. FUCK. This project makes my dick hard.
http://boards.4chan.org/biz/thread/9976984

Assimilate · « **Reply #1536 on:** June 24, 2018, 01:28:07 PM »

iExec at .77 cents

headwalk · « **Reply #1537 on:** June 24, 2018, 01:29:34 PM »

what an incredible bag filling opportunity to expand your vast crypto wealth.

benjipwns · « **Reply #1538 on:** July 02, 2018, 04:58:40 AM »

https://www.wired.com/story/did-satoshi-nakamoto-write-this-book-excerpt-a-wired-investigation/

Atramental · « **Reply #1539 on:** July 12, 2018, 09:50:56 AM »

https://www.cnbc.com/2018/07/11/start-up-exec-says-his-call-for-60000-bitcoin-is-still-possible-this.html

Bitcoin is only $6,100+ today. I hope you fence sitters get in while it’s still cheap.

headwalk · « **Reply #1540 on:** July 12, 2018, 10:24:51 AM »

you'd be better off stocking up on fidget spinners.

Assimilate · « **Reply #1541 on:** July 12, 2018, 11:27:27 AM »

Quote from: Atramental on July 12, 2018, 09:50:56 AM

https://www.cnbc.com/2018/07/11/start-up-exec-says-his-call-for-60000-bitcoin-is-still-possible-this.html

Bitcoin is only $6,100+ today. I hope you fence sitters get in while it’s still cheap.

iexec hasn't done shit but lose me money so far. when is this damn thing climbing ?

Atramental · « **Reply #1542 on:** July 12, 2018, 12:41:07 PM »

Should've sold that pump.

I'd say it'll rise again during autumn assuming bitcoin doesn't plummet down to $3000 or lower this year.

Assimilate · « **Reply #1543 on:** July 12, 2018, 12:43:12 PM »

Quote from: Atramental on July 12, 2018, 12:41:07 PM

Should've sold that pump.

I'd say it'll rise again during autumn assuming bitcoin doesn't plummet down to $3000 or lower this year.

arrow · « **Reply #1544 on:** July 13, 2018, 02:35:46 PM »

Jeez, is this imaginary money still sitting at $6k+??? Who is still buying into this??

Atramental · « **Reply #1545 on:** July 13, 2018, 04:16:12 PM »

Quote from: arrow on July 13, 2018, 02:35:46 PM

Jeez, is this imaginary money still sitting at $6k+??? Who is still buying into this??

Great Rumbler · « **Reply #1546 on:** July 13, 2018, 04:25:18 PM »

Quote from: arrow on July 13, 2018, 02:35:46 PM

Jeez, is this imaginary money still sitting at $6k+??? Who is still buying into this??

None of these currencies are showing positive long-term growth, so it's probably the same small group of people constantly buying and selling coins to each other to try to maintain the illusion of interest.

curly · « **Reply #1547 on:** July 13, 2018, 05:11:16 PM »

Quote from: arrow on July 13, 2018, 02:35:46 PM

Jeez, is this imaginary money still sitting at $6k+??? Who is still buying into this??

If Wile E Coyote never realized that he was running on thin air, but just kept going, would he have fallen eventually? Bitcoin seeks to answer that question.

kingv · « **Reply #1548 on:** July 14, 2018, 12:29:05 AM »

Quote from: Atramental on June 21, 2018, 06:29:37 PM

Quote
It's going to enable off-chain processing for ETH, but their endgame is edge/fog computing. It's essentially next-gen cloud infrastructure, which by the way is being developed by iExec, IBM, Microsoft, Samsung, Intel and CISCO_FUCKING_SYSTEMS. Why is this huge? Well. 80% of the world's data is handled by Cisco routers and switches. Now iExec is working with all these behemoths side-by-side @ OpenFog consortium. If these guys want to push new tech, you'd be an absolute distinguished mentally-challenged fellow betting against them.

Imagine you're a datacenter. Now what does it cost to run it all? Literally hundreds of millions to build it and then some more to keep it running. Now imagine you could provide hosting and computing (Amazon Web Services, Netflix runs on it for example), without having to build a huge fucking datacenter. You just rent any goddamn hardware that is idling anywhere in the world to provide your service.

Now, you don't pay for infrastructure. So you cut your prices down. You become appealing to customers. You grow. You become the airBnB and Uber of data networks/service providing.

What do you need the tokens for, you might ask? Well let my *incoherently screeching*-as-fuck ass tell you.
It's to pay the hardware owners for computational cycles. Just like mining, but actually doing work and not wasting electricity for frivolous shit.

Oh, this sort of network model is also ABSOLUTELY CRUCIAL to IoT, since it kills all sorts of problems associated with latency and security. FUCK. This project makes my dick hard.
http://boards.4chan.org/biz/thread/9976984

I don’t think the majority of home PCs and connections are well-suited to being servers.

It might work ok for certain types of works but I don’t think it won’t be able to replace true data centers at scale. Basically, this sounds like it would only work for things that don’t need a ton of data but need a ton of processing, and I’m not sure how many things truly fall into this.

I’m pretty sure that most machine learning algorithms don’t, certainly big database queries don’t. You’d basically need things that are essentially folding at home but has commercial potential.

arrow · « **Reply #1549 on:** July 14, 2018, 02:52:09 AM »

Quote from: Atramental on July 13, 2018, 04:16:12 PM

Quote from: arrow on July 13, 2018, 02:35:46 PM
Jeez, is this imaginary money still sitting at $6k+??? Who is still buying into this??
(Image removed from quote.)

Aha! Blofeld's other cat running the bitcoin show makes sense. When do we get to the part where we find out that Satoshi Nakamoto is actually the head of Spectre, and bitcoin is his attempt to blow up the world's currency market?

arrow · « **Reply #1550 on:** July 14, 2018, 02:55:14 AM »

Quote from: arrow on July 14, 2018, 02:52:09 AM

Quote from: Atramental on July 13, 2018, 04:16:12 PM
Quote from: arrow on July 13, 2018, 02:35:46 PM
Jeez, is this imaginary money still sitting at $6k+??? Who is still buying into this??
(Image removed from quote.)

Edit: WTF? Double post quote? Needs more caffeine.

team filler · « **Reply #1551 on:** July 18, 2018, 03:45:25 AM »

Atramental · « **Reply #1552 on:** July 18, 2018, 10:55:17 AM »

https://medium.com/iex-ec/iexec-workerdrop-1-c495774146ff

Gonna try and earn some RLC with my gaming laptop.

Nintex · « **Reply #1553 on:** July 23, 2018, 02:25:08 PM »

Assimilate · « **Reply #1554 on:** July 23, 2018, 04:58:54 PM »

Quote from: Atramental on July 18, 2018, 10:55:17 AM

https://medium.com/iex-ec/iexec-workerdrop-1-c495774146ff

Gonna try and earn some RLC with my gaming laptop.

RLC isn't doing shit. it's hovering .60cents range man. wtf is this

at this point i just want to recoup my money from this shitty ass coin

Atramental · « **Reply #1555 on:** July 23, 2018, 05:02:58 PM »

Lol. You’re gonna be kicking yourself for selling the bottom instead of buying more.

Nabbis · « **Reply #1556 on:** August 07, 2018, 07:05:26 AM »

Any tips on what opportunities there are to running programs on a pc and generate money? Since i don't pay for electricity(part of the fixed rent) i probably could earn some extra money? Though this is a crypto thread i assume you guys know about other alternatives.

Nintex · « **Reply #1557 on:** August 07, 2018, 07:36:14 AM »

Assimilate · « **Reply #1558 on:** August 14, 2018, 07:05:20 PM »

Is it over?

I almost have nothing left on this distinguished mentally-challenged iexec idea. I could have pulled out 2600, didnt' pull out, doubled down and threw in an extra 1g of my own money.....

i have $500 left.

fuck this shit. do i pull my money out ? god this is brutal

Nintex · « **Reply #1559 on:** August 14, 2018, 07:21:21 PM »

Quote from: Assimilate on August 14, 2018, 07:05:20 PM

Is it over?

I almost have nothing left on this lacking in mental fortitude iexec idea. I could have pulled out 2600, didnt' pull out, doubled down and threw in an extra 1g of my own money.....

i have $500 left.

fuck this shit. do i pull my money out ? god this is brutal

If you're in the dumps I would just hold until it gets better so you can get your investment back.

It doesn't make much sense to get out when you're going to make a loss.
Chances it'll reach the all time highs again anytime soon are low but if you didn't get in that late you should be able to at least get back what you've invested.

Unless all your money is in some weird niche meme coin.

I've been gradually pulling out small amounts during peaks these past few months just to decrease the risk. But overall I'm holding on (and still in the green actually, although ETH is taking a beating)

News:

Author Topic: Bitcoin and Cryptocurrency Thread (Read 84992 times)