Bitcoins

Haha
The Grateful Dead even wrote a song about it

Just like guns and roses did later for nighttrain, another cheap wine
anyone ever write one for mad dog 20/20?

shocked youngsters here don't know from the ripple tipple

https://youtu.be/G1ndS-KotLo

https://68.media.tumblr.com/23120c035fb3bb482863e1edd3e369cb/tumblr_p2gpk8IYrU1vlks32o1_1280.jpg

xp to images of 2018 thread

https://www.nytimes.com/2018/01/13/style/bitcoin-millionaires.html

these guys..

capitalism is the real tale told by an idiot

btwn this, the "water grid" article and the Silicon Valley retreat, Nellie Bowles is the NYT MVP rn

I hope she turns this stuff into a book

She should call it Quiddities and Agonies of the Ruling Class

Oh wow, I really need to explore her work more:

https://www.nytimes.com/2017/12/04/technology/silicon-valley-esalen-institute.html

“I just sold my start-up and needed a place to reflect,” said Sam McBride, 31, from Chicago. “To give me some perspective.”

Esalen’s hot springs are good all day but are famous for the night scene, when they open to the public between 1 and 3 a.m. A weekend stay for a couple at Esalen can cost $2,890, so budget travelers stay nearby and come wandering in with towels a little after midnight.

huh i've read all these pieces but somehow failed to notice the same person wrote them all

nellie bowles 4 presidetn

she's the marilyn hagerty of the 1%

the 1am-3am time slot at esalen is $30

it's open to the public at that time but i think you still need to make a reservation? but it's fairly straightforward to do

i've never really understood that place

https://medium.com/@TPlusZero/xrp-from-an-investors-perspective-4524585cd60e

The End of Money is Nigh

yeesh rough 24 hours for these guys

https://www.youtube.com/watch?v=s1rf4POIG0Y

Watch them fall in real time.

There's more than 1200 digital currencies being tracked here

was sure that link was going to be a photo of a landfill

it is kind of neat how they all rise and fall in unison

these might as well be d&d character stats for all they reflect reality

brb gonna put all my money in gelatinouscubecoin

ILXcoin

too late i've already lost all my money

marathon
not sprint fellas

your bitcoianz, show them to me

in the future, every one will have their own COIN

Even Pat Sajak

Sajakzłoty

I don't know who first referred to Bitcoins as "Dunning-Krugerrands" but I love it

— Julia Galef (@juliagalef) January 22, 2018

wow, that's almost too good

heh https://theoutline.com/post/3074/inside-the-group-chats-where-people-pump-and-dump-cryptocurrency?zd=1

How much take up has Tether had?

Crypochat: here's a short thread about Tether. It's a cryptocurrency owned by the crypto exchange bitfinex. The idea is that each tether (USDT) is always worth us dollar. Here's their site https://t.co/QTj7WMOB0h

— Lord Blockchain (@lordbeef) January 20, 2018

can't figure out if this is a Grand Chaos Felony or Technically Not Illegal

There are regulations prohibiting price manipulation of securities, commodities, and currencies, but I don't think there's been any agreement on which, if any, it is. By contrast I don't know if there's any regulation against price manipulation of something like collectibles, although it might violate state consumer fraud statutes.

https://stripe.com/blog/ending-bitcoin-support

wait do people actually still pay for stuff with Bitcoins

it’s the only currency my child-blood supplier will accept

Yeah, I always have to pay in bitcoin to get the top-shelf krokodil, the stuff that melts your face all the way off.

The idea is that each tether (USDT) is always worth us dollar.

(picks up a rock off the ground) I have an idea this is worth a dollar. Whattaya think?

lol so this whole thing is like a poker game where there's $25,000 worth of chips on the table but the cashier only has $200, which the other players recognize is a problem until one of them speaks up and says "I know how we solve this, lets put another $10,000 in chips on the table"

sometimes I feel pain when I think of how much it would be worth now if I'd put £10 into Bitcoin back when I first heard of it

I've been consoling myself with the oft-repeated claim that this shit is near-impossible to cash out in quantity, but apparently an idiot of my acquaintance made a million and actually did manage (so I am told) to cash out

*shakes fist at universe*

If it's any consolation, I like to think of these people, via:

wait do people actually still pay for stuff with Bitcoins

― frogbs, Tuesday, January 23, 2018 7:54 PM (one hour ago) Bookmark Flag Post Permalink

I remember loads of news reports of two, three years ago of people paying for their cuppa joe or carrot cake just for the rolling camera of the news, to show how it's done. That's tens of thousands of dollars down the drain alone.

well still nothing on the dude who spent 10,000 Bitcoins on 2 pizzas years ago

that said I'm not convinced that any of these people would have actually held on until it hit $16k or whatever. they all sound like the degen sports betters I knew who always "just knew" some weird parlay they almost bet was gonna come through, which in reality just means they would've delayed going broke for a month

yeah, I'm not that mad that I sold the 1 bitcoin I had purchased at $350-400 for $1000ish (and the .1 left over when it was $17k) - I sure as fuck would have sold it at small multiples of that $1k well before it peaked.

that said I'm not convinced that any of these people would have actually held on until it hit $16k or whatever.

Def, that's key. Can hardly blame most; it's a trve believer of new currency vs robo-currency-million-dollar-baby-condo-in-la traderrrr thing. It shifted when the coin blew up. Even the true believers stopped paying for their coffees with it, and are bawling right now in their ripped Hawaiian t-shirts, because what was once a currency blew up partly due to their enthusiasm, and grew into a scheme.

yeah, I'm not that mad that I sold the 1 bitcoin I had purchased at $350-400 for $1000ish (and the .1 left over when it was $17k) - I sure as fuck would have sold it at small multiples of that $1k well before it peaked.

― louise ck (milo z), Tuesday, January 23, 2018 5:09 PM (fifty-one minutes ago) Bookmark Flag Post Permalink

Yeah, this is a really important lesson to learn before hindsight-bashing one's investment decisions -- even where you could have held on longer, it's very unlikely that you would have held on long enough, because at the time you had no way to know a crash wasn't around the corner.