Bitcoins

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.

Also people tend to remember their near-wins and forget their losses.

helps that I was buying to use it coughcough and didn't so the increase in value was just a bonus all around

yeah apparently bitcoin is something called "parabolic" and it's only at the start of the curve... my nephew told me that in 25 years my 0.0001 bitcoins will be worth several hundred thousand dollars - very exciting!

i got this coin called LorentzianCoin. it is exponential and it's only the start of the curve.

Yep, every single one of my friends that bought Bitcoin early sold years ago when it was 2x or 3x, as I would have done

this is some kind of allegory right? https://www.coindesk.com/amazon-user-orders-bitcoin-miner-gets-boss-baby-dvd-instead/

P.S. guys, I have a new form of currency, it's called BossBabyDVDCoin, and it's so hot right now.

i'm enjoying the thought of tether, a bitcoin pegged at $1

congrats, you've released unknown megatons of carbon dioxide into the atmosphere to literally reinvent the dollar, except it can only be used in an extremely limited set of outlets to acquire goods like experimental pharmaceuticals, weapons-grade plutonium and live human children

TBF my attempts at sending envelopes stuffed with $1 bills as payment for goods on the dark web have been a mixed bag at best.

now that TitCoin investments have paid off it looks like time to make a deposit to DiaperCoin

https://www.rollingstone.com/music/features/migos-talk-cardi-b-new-album-success-weed-money-ambition-w515665

Offset is constantly talking about money, either his plans to make or to spend it. He loves to floss, but he really loves being able to take care of his family. "I want to have generational money," he says. "I got three kids, bro. I need all my kids to be educated and wealthy." His children are eight, two and two. No, the two-year-olds aren't twins. "I don't want to be one of those rappers who had it but right now they be on a TV show to keep them going," Offset says. "I would rather be out the scene, getting my money on Bitcoin."

Oh, how much do you have in Bitcoin now?

"I don't like to discuss my investments."

Wise

no Coincoin yet?!

https://i.ebayimg.com/images/g/8VYAAOSwImRYRs2A/s-l300.jpg

here we go again

https://www.reuters.com/article/us-japan-cryptocurrency/tokyo-based-cryptocurrency-exchange-hacked-losing-530-million-nhk-idUSKBN1FF29C

I had forgotten that the Mt Gox hack was so large -- 850,000 bitcoins would be worth about $9.3 billion today.

LOl Magic the gathering as unlikely world financial giant

I would definitely buy Jerimahpuddleduckcoin

second largest cryptoc hack

didn't stuff like this used to effect the price somewhat

The price seems basically inexplicable to me atm. Even the price manipulation thesis is hard to believe -- with other cryptos sure but bitcoin seems to big and widespread for the price to be propped up in this kind of sustained way. Has to just be hype and true believers I guess.

The beatrix potter coins were real, and circulated, but I've never seen a single one

https://www.westminstercollection.com/p-762M/The-2016-and-2017-Beatrix-Potter-Coin-Packs.aspx

i was just looking for any coin with a duck on it for an obscure joke, don't mind me

i would have sex with all this bitcoins

only for the oculus rift

https://www.youtube.com/watch?v=l4v8rLEI4Pg

as ned would say, astounding

Woah

my bitcoin friend is really into mining Garlic Coin right now

C.T.F.K.

(Catch the Falling Knife)

there goes my pension

Three blockchain experts linked to a bizarre cryptocurrency startup that sought to raise $6.5 million before vanishing have told Business Insider that they are victims of identity theft and have nothing to do with the company.

The startup, called Prodeum, had billed itself as developing a system to use blockchain technology for agricultural commodities, like fruits and vegetables.

But Prodeum caused waves online Sunday evening after trying to sell tokens to investors through a risky fundraising technique and subsequently disappearing from the web, leaving only the word "penis" on its homepage.

penis

otm

https://www.youtube.com/watch?v=RGUSRGYz7_g

(the zero is a penis)

Sounds like some lucky investors got introduced to the old Pen 15 club.

i hadn't realized how much this has ruined the video card market

the $380 msrp card i bought last March now near impossible to find for under 1k