bit¢oin$

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tracking "currency" as an asset that needs a chain of ownership is completely asinine btw, it's all just imaginary numbers

that said, the early intermediaries were so bad it'd be like someone at Bank of America being able to open a checking account, just type "one billion dollars" as the balance without transferring it from another account, and then just spending it all over the place for a while without getting caught

mh, Wednesday, 10 January 2018 17:48 (six years ago) link

yeah the army thing is key

mh, Wednesday, 10 January 2018 17:48 (six years ago) link

btw if you work at Bank of America and figure out a way to do that, go for it. it'd be really cool

mh, Wednesday, 10 January 2018 17:49 (six years ago) link

if u work at bank of america plz give me some money thx

lag∞n, Wednesday, 10 January 2018 17:50 (six years ago) link

https://pbs.twimg.com/media/DTMn0ZTWkAAY3xl.jpg

lag∞n, Wednesday, 10 January 2018 17:52 (six years ago) link

I've heard the whole thing explained as a bunch of libertarian techbros learning one by one what every piece of financial regulation is for

one thing I hear a lot is "well yea you can steal the money, but then no one will ever trust you again" which is a remarkably dumb defense. but this is kind of how they think the system will work itself out.

but none of this matters anyway as crypto has basically gotten to the point where it's 100% a gamble. the true believers are out there but at this point nearly all the discussion about crypto is "oooh how much USD is this gonna be worth?". to which I say, just bet sports, it's a lot more fun

frogbs, Wednesday, 10 January 2018 17:52 (six years ago) link

the situation is pretty funny def but at the end of the day some poor saps who mortgaged their house to buy dogecoin are just gonna be left holding the bag while some finance/startup bros party in ibiza

lag∞n, Wednesday, 10 January 2018 17:54 (six years ago) link

https://pbs.twimg.com/media/DTMn0ZTWkAAY3xl.jpg

tbf this seems pretty foolproof against rape charges because it ensures a woman will never have sex with you

IF (Terrorist) Yes, Explain (man alive), Wednesday, 10 January 2018 17:56 (six years ago) link

lmao

lag∞n, Wednesday, 10 January 2018 17:58 (six years ago) link

unless you pay them in womancoin

frogbs, Wednesday, 10 January 2018 17:58 (six years ago) link

seems clear to me that the price of cryptocurrencies is being entirely driven by market manipulation at this point, will be interesting to see what happens once that shakes out via regulation or other forces, cld see the entire thing just dying tbh, the combo of not really having any use as a product and being exposed as a scam might be too much to recover from, tho i still feel like theres some niche for crime

lag∞n, Wednesday, 10 January 2018 17:59 (six years ago) link

who on this board wld like to develop the perfect crimecoin with me

lag∞n, Wednesday, 10 January 2018 18:02 (six years ago) link

that said, the early intermediaries were so bad it'd be like someone at Bank of America being able to open a checking account, just type "one billion dollars" as the balance without transferring it from another account, and then just spending it all over the place for a while without getting caught

there's a thing called Tethercoin which is kind of exactly this

frogbs, Wednesday, 10 January 2018 18:02 (six years ago) link

yeah I sort of wonder how much market cap you would need just to cover the criminal/dubious uses. I imagine money launderers don't hold bitcoin very long but trade in and out of it to make their steps harder to trace. $5B? $10B?

IF (Terrorist) Yes, Explain (man alive), Wednesday, 10 January 2018 18:03 (six years ago) link

xps re:legal fling: that is ridiculous, though i think some sort of verifiable consent protocol will be necessary when teledildonics (lol..) starts taking off

scoff walker (diamonddave85), Wednesday, 10 January 2018 18:04 (six years ago) link

tether is super key to how the price is being manipulated

lag∞n, Wednesday, 10 January 2018 18:04 (six years ago) link

xps re:legal fling: that is ridiculous, though i think some sort of verifiable consent protocol will be necessary when teledildonics (lol..) starts taking off

― scoff walker (diamonddave85), Wednesday, January 10, 2018 1:04 PM (one minute ago) Bookmark Flag Post Permalink

um yeah bump this thread when that happens

IF (Terrorist) Yes, Explain (man alive), Wednesday, 10 January 2018 18:06 (six years ago) link

i mean, security researchers already showed that it's possible to scan for "smart butt plugs" and that it would be possible to remotely control them

scoff walker (diamonddave85), Wednesday, 10 January 2018 18:07 (six years ago) link

im personally sick and tired of waiting to be murdered by a hacked sex robot

lag∞n, Wednesday, 10 January 2018 18:08 (six years ago) link

im personally sick and tired of waiting to be sexed by a hacked murderbot

pee-wee and the power men (bizarro gazzara), Wednesday, 10 January 2018 18:10 (six years ago) link

The more I hear about all of this stuff the more I'm convinced the person behind at least one of these "currencies" will turn out to be an 11-year-old named JR

very stabbable gaius (wins), Wednesday, 10 January 2018 18:12 (six years ago) link

Isn't bitcoin an instantiation of teledildonics, in a way?

the smartest persin in the room (Old Lunch), Wednesday, 10 January 2018 18:14 (six years ago) link

bitcoin has certainly fucked thousands of people right enough

pee-wee and the power men (bizarro gazzara), Wednesday, 10 January 2018 18:17 (six years ago) link

I don't have the energy to do it right now but I kind of want to photoshop one of those old comic frames (of the roy lichtenstein type) of a man about to kiss a woman, and they each have speech bubbles but the dialogue is just bitcoin keys

IF (Terrorist) Yes, Explain (man alive), Wednesday, 10 January 2018 18:31 (six years ago) link

send me bitcoins and i will do it for u

lag∞n, Wednesday, 10 January 2018 18:32 (six years ago) link

im personally sick and tired of waiting to be murdered by a hacked sex robot

― lag∞n, Wednesday, January 10, 2018 12:08 PM (forty-two minutes ago) Bookmark Flag Post Permalink

im personally sick and tired of waiting to be sexed by a hacked murderbot

― pee-wee and the power men (bizarro gazzara), Wednesday, January 10, 2018 12:10 PM (forty minutes ago) Bookmark Flag Post Permalink

I'd only considered one of these, but I'm for both now

mh, Wednesday, 10 January 2018 18:52 (six years ago) link

When you request sexual consent via LegalFling and the response is negative, that denial is permanently stored in the cockblockchain

mick signals, Wednesday, 10 January 2018 19:05 (six years ago) link

the friendchainzone

lag∞n, Wednesday, 10 January 2018 19:06 (six years ago) link

incelcoin

pee-wee and the power men (bizarro gazzara), Wednesday, 10 January 2018 19:09 (six years ago) link

lag∞n i would make little ilxcoins with u

♫ very clever with maracas.jpg ♫ (Le Bateau Ivre), Wednesday, 10 January 2018 19:13 (six years ago) link

cool do u know how to program computers lol (i do but prob not good enough to make a coin)

lag∞n, Wednesday, 10 January 2018 19:16 (six years ago) link

feeling very inspired rn

lag∞n, Wednesday, 10 January 2018 19:27 (six years ago) link

block my chain up

♫ very clever with maracas.jpg ♫ (Le Bateau Ivre), Wednesday, 10 January 2018 19:28 (six years ago) link

I can't turn my face into a coin!

Or can I???

the smartest persin in the room (Old Lunch), Wednesday, 10 January 2018 19:37 (six years ago) link

ILX should offer a crypto. Perhaps YSICoin

IF (Terrorist) Yes, Explain (man alive), Wednesday, 10 January 2018 19:58 (six years ago) link

i'll give it another shot this weekend

scoff walker (diamonddave85), Wednesday, 10 January 2018 20:03 (six years ago) link

yassss

♫ very clever with maracas.jpg ♫ (Le Bateau Ivre), Wednesday, 10 January 2018 20:10 (six years ago) link

Bitcoin conference stops accepting BTC due to high fees. https://t.co/cSaqYHscl0

— Louis (@Luwhi) January 10, 2018

lag∞n, Wednesday, 10 January 2018 21:07 (six years ago) link

I hope it never dies

IF (Terrorist) Yes, Explain (man alive), Wednesday, 10 January 2018 21:07 (six years ago) link

Ban Luhwi Jagger

♫ very clever with maracas.jpg ♫ (Le Bateau Ivre), Wednesday, 10 January 2018 21:10 (six years ago) link

https://pbs.twimg.com/media/DTIrWLmW4AASyu1.jpg

lag∞n, Wednesday, 10 January 2018 21:27 (six years ago) link

That could be us!

♫ very clever with maracas.jpg ♫ (Le Bateau Ivre), Wednesday, 10 January 2018 21:27 (six years ago) link

Time to do an *ILPO*

IF (Terrorist) Yes, Explain (man alive), Wednesday, 10 January 2018 21:49 (six years ago) link

i'm rich https://i.imgur.com/ocqAYmh.png

scoff walker (diamonddave85), Friday, 12 January 2018 05:27 (six years ago) link

omg

i'll seriously buy some just to be part of history

Karl Malone, Friday, 12 January 2018 05:28 (six years ago) link

wait for the ICO

scoff walker (diamonddave85), Friday, 12 January 2018 05:30 (six years ago) link

wait...does this have the support of traditional financial institutitions? because if it does, then this coin is history! or a legend! wait, what

Karl Malone, Friday, 12 January 2018 05:31 (six years ago) link

all jokes aside though, holy shit! i didn't realize you could make a cryptocurrency/wallet that quickly??

Karl Malone, Friday, 12 January 2018 05:32 (six years ago) link

donations accepted at ILXcoin address: 1CH7XgXsG9b2itZ8tpkdw4u8uyG4L1XMR7

scoff walker (diamonddave85), Friday, 12 January 2018 05:32 (six years ago) link


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