Bitcoin

[A_B]

Just had a friend turn me on to a new beta mobile cryptocurrency that you can mine on mobile devices without using data or processing power. Probably won’t come to anything but seems no downside. You just have click a link once a day to prove you’re a human and not a bot. Wouldn’t have minded getting in on Bitcoin early and having 5 or 10 of them. If any of you sign up use my link below for referral bonus please.

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/FireUpChips and use my username (FireUpChips) as your invitation code.

Oh, why not.

[Johnnie]

Dogecoin is being pumped and it's cheap enough to get in very small right now.

I remember seeing this alt coin way back when and thought it was silly. But it may be the next big thing. Who knows.

Buying crypto seems to be a pain in the ass, but that's necessary, right? They need proof of who I am and whatnot. Whether you use Binance or Kraken you have to upload a PDF of your bank statement and an ID card.

What are you guys using to buy crypto?

[P.D.X.]

What are you guys using to buy crypto?

The onion on my belt.

[A_B]

Just had a friend turn me on to a new beta mobile cryptocurrency that you can mine on mobile devices without using data or processing power. Probably won’t come to anything but seems no downside. You just have click a link once a day to prove you’re a human and not a bot. Wouldn’t have minded getting in on Bitcoin early and having 5 or 10 of them. If any of you sign up use my link below for referral bonus please.

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/FireUpChips and use my username (FireUpChips) as your invitation code.

Oh, why not.

Hey Brian,

I got a friend to sign up...does he show up as part of your team too? I assume it's a Pyramid type things and I think I got 1 free Pi when he connected.

[brian]

Just had a friend turn me on to a new beta mobile cryptocurrency that you can mine on mobile devices without using data or processing power. Probably won’t come to anything but seems no downside. You just have click a link once a day to prove you’re a human and not a bot. Wouldn’t have minded getting in on Bitcoin early and having 5 or 10 of them. If any of you sign up use my link below for referral bonus please.

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/FireUpChips and use my username (FireUpChips) as your invitation code.

Oh, why not.

Hey Brian,

I got a friend to sign up...does he show up as part of your team too? I assume it's a Pyramid type things and I think I got 1 free Pi when he connected.

Yeah, he does show up as part of my team as well. I guess it increases your mining rate if you can get two (or three?) additional people. Was talking this over with a friend and think this might be a better "bet" (not that we're putting anything up other than time) than I had previously thought when you factor in how horrible "regular" blockchains are for the environment. If these guys can somehow sell themselves simply as "environmentally friendly blockchain" then it might really take off one day. Just needs to somehow go viral one of these days or otherwise get into the zeitgeist like Bitcoin did.

[degenerasian]

The subreddits are hilarious right now.

"DOGE TO $100!!!"

Also, I have joined Brian's Pi network.

[The Sybian]

Just had a friend turn me on to a new beta mobile cryptocurrency that you can mine on mobile devices without using data or processing power. Probably won’t come to anything but seems no downside. You just have click a link once a day to prove you’re a human and not a bot. Wouldn’t have minded getting in on Bitcoin early and having 5 or 10 of them. If any of you sign up use my link below for referral bonus please.

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/FireUpChips and use my username (FireUpChips) as your invitation code.

Oh, why not.

Hey Brian,

I got a friend to sign up...does he show up as part of your team too? I assume it's a Pyramid type things and I think I got 1 free Pi when he connected.

Pyramid scheme? Why didn't you say so! Now I'm in.

[degenerasian]

It looks good. Can mine about 2 Pi per day it looks like, just for pressing a button.

[The Sybian]

It looks good. Can mine about 2 Pi per day it looks like, just for pressing a button.

Still curious, what does mining mean, they just but free crypto currency in your account for logging in?

[A_B]

It looks good. Can mine about 2 Pi per day it looks like, just for pressing a button.

Still curious, what does mining mean, they just but free crypto currency in your account for logging in?

Well, it's not technically a crypto currency yet. They seem to be building a network that will, once it's large enough, begin blockchain operations to try to be a crypto. It has zero value as of now as Brian mentioned. The main drawing point seem to be it won't require the energy that is currently required.

And the pyramid scheme aspect is just that anyone I add to my network (and I encourage any swampers to use brian as the godfather here but I don't feel bad about adding personal contacts to mine.) also become a part of brians network and he gets a little bit more per day and so do I. I'm at 0.15/hour where before my friend joined i was at .12/hour.

[degenerasian]

It looks good. Can mine about 2 Pi per day it looks like, just for pressing a button.

Still curious, what does mining mean, they just but free crypto currency in your account for logging in?

Yeah. For a simple definition, think of a big chunk of block made of millions of squares. When you mine, you're are using your computer power to solve algorithms to gain a square. When you buy or sell, you are selling a square. It's like a shared ledger. Not sure how it totally works with this Pi since you're using no power really and they're just giving it away?

As A_B mentions, this is not even a block yet, so me using the term mining is probably incorrect.

[A_B]

As with any crypto it has to establish itself as something that people will see as having value. They seem to be leveraging network effects to do this instead of traditional current cryptos that leverage hardware capability and has higher barriers to entry.

I'd say it's a less than 5% chance this becomes real, but like Brian mentioned in the first post about it, you are literally doing nothing but clicking a button once a day. There's also a good chance that the only people that would end up making real money are the people that started. I've been reading a lot about crypto lately and this is strictly a flyer bet, but with no cost. Free chips!

[The Sybian]

It looks good. Can mine about 2 Pi per day it looks like, just for pressing a button.

Still curious, what does mining mean, they just but free crypto currency in your account for logging in?

Yeah. For a simple definition, think of a big chunk of block made of millions of squares. When you mine, you're are using your computer power to solve algorithms to gain a square. When you buy or sell, you are selling a square. It's like a shared ledger. Not sure how it totally works with this Pi since you're using no power really and they're just giving it away?

As A_B mentions, this is not even a block yet, so me using the term mining is probably incorrect.

How will this eventually get value? Something has to go into it to make it have value, right? You can't just make up a word, give it to people for free, and eventually have people trade it as currency. This stuff just doesn't make sense to my old man brain.

[A_B]

It looks good. Can mine about 2 Pi per day it looks like, just for pressing a button.

Still curious, what does mining mean, they just but free crypto currency in your account for logging in?

Yeah. For a simple definition, think of a big chunk of block made of millions of squares. When you mine, you're are using your computer power to solve algorithms to gain a square. When you buy or sell, you are selling a square. It's like a shared ledger. Not sure how it totally works with this Pi since you're using no power really and they're just giving it away?

As A_B mentions, this is not even a block yet, so me using the term mining is probably incorrect.

How will this eventually get value? Something has to go into it to make it have value, right? You can't just make up a word, give it to people for free, and eventually have people trade it as currency. This stuff just doesn't make sense to my old man brain.

That's just what most cryptos do. There is no "gold standard" backing it. It's not fiat (sorry I misplaced this definition - fiat has value because the government says it has value) and the value is just that people trust it's worth what the market says it's worth. Because it is decentralized, people see it as an international currency. And the transparency involved (every transaction made by anyone is technically viewable) makes some people think that it is less prone to manipulation by a few players.

Also, here are some of the actual companies who accept bitcoin as payment. As more do, it becomes even more real.

[degenerasian]

Here's a story about Sardinia inventing and using a cashless currency.

[The Sybian]

A bit off point, but my daughter is taking a personal finance class in 6th grade. Basically a component of Home Ec. She had to do an activity labeling all the information and lines on a personal check. I wonder if my kids will ever write a check in their lives. I write a handful a year, and I can't imagine checks will be used for much longer.

[brian]

It looks good. Can mine about 2 Pi per day it looks like, just for pressing a button.

Still curious, what does mining mean, they just but free crypto currency in your account for logging in?

Yeah. For a simple definition, think of a big chunk of block made of millions of squares. When you mine, you're are using your computer power to solve algorithms to gain a square. When you buy or sell, you are selling a square. It's like a shared ledger. Not sure how it totally works with this Pi since you're using no power really and they're just giving it away?

As A_B mentions, this is not even a block yet, so me using the term mining is probably incorrect.

How will this eventually get value? Something has to go into it to make it have value, right? You can't just make up a word, give it to people for free, and eventually have people trade it as currency. This stuff just doesn't make sense to my old man brain.

That's just what most cryptos do. There is no "gold standard" backing it. It's not fiat (sorry I misplaced this definition - fiat has value because the government says it has value) and the value is just that people trust it's worth what the market says it's worth. Because it is decentralized, people see it as an international currency. And the transparency involved (every transaction made by anyone is technically viewable) makes some people think that it is less prone to manipulation by a few players.

Also, here are some of the actual companies who accept bitcoin as payment. As more do, it becomes even more real.

If you want to get really, really deep, that $100 bill in your wallet is merely a piece of cloth paper and only has value because we as a society decide it has value. It doesn't even have gold backing it up any more, so the only real value it has is derived from the collective acknowledgment that it has value. On a larger degree than might make a lot of people comfortable, the same is true for Bitcoin.

[mister d]

That kind of hits on my general skepticism of the stock market as a whole. Cash doesn't worry me because its universal. If the 1% decides to cash out and divest from the stock market, is there really any recourse beyond yelling "but I still own this stock!" while the value plummets?

[degenerasian]

A bit off point, but my daughter is taking a personal finance class in 6th grade. Basically a component of Home Ec. She had to do an activity labeling all the information and lines on a personal check. I wonder if my kids will ever write a check in their lives. I write a handful a year, and I can't imagine checks will be used for much longer.

If checks are gone what replaces them? How would I write postdated checks for rent for example? Back when I rented, I would write a bunch of postdated checks so the landlord would feel guilty about raising the rent.

[The Sybian]

A bit off point, but my daughter is taking a personal finance class in 6th grade. Basically a component of Home Ec. She had to do an activity labeling all the information and lines on a personal check. I wonder if my kids will ever write a check in their lives. I write a handful a year, and I can't imagine checks will be used for much longer.

If checks are gone what replaces them? How would I write postdated checks for rent for example? Back when I rented, I would write a bunch of postdated checks so the landlord would feel guilty about raising the rent.

All of my utilities are autopay or online payments. Whenever I send money it's through Venmo, Paypal or Zelle. There are just a few random bills I write checks for, like annual life insurance. Other than that, what do we need checks for?

[A_B]

A bit off point, but my daughter is taking a personal finance class in 6th grade. Basically a component of Home Ec. She had to do an activity labeling all the information and lines on a personal check. I wonder if my kids will ever write a check in their lives. I write a handful a year, and I can't imagine checks will be used for much longer.

If checks are gone what replaces them? How would I write postdated checks for rent for example? Back when I rented, I would write a bunch of postdated checks so the landlord would feel guilty about raising the rent.

All of my utilities are autopay or online payments. Whenever I send money it's through Venmo, Paypal or Zelle. There are just a few random bills I write checks for, like annual life insurance. Other than that, what do we need checks for?

This is where we, as insulated middle to upper class people, don't realize that access to the internet is still not as prevalent as it should be. And it's a self-fixing issue but older people still do use checks all the time. So for a lot of people paying rent and their normal bills still requires a check and a stamp due to float reasons or picking and choosing what gets paid on time so automatic payments and things like that aren't as practical.

[The Sybian]

A bit off point, but my daughter is taking a personal finance class in 6th grade. Basically a component of Home Ec. She had to do an activity labeling all the information and lines on a personal check. I wonder if my kids will ever write a check in their lives. I write a handful a year, and I can't imagine checks will be used for much longer.

If checks are gone what replaces them? How would I write postdated checks for rent for example? Back when I rented, I would write a bunch of postdated checks so the landlord would feel guilty about raising the rent.

All of my utilities are autopay or online payments. Whenever I send money it's through Venmo, Paypal or Zelle. There are just a few random bills I write checks for, like annual life insurance. Other than that, what do we need checks for?

This is where we, as insulated middle to upper class people, don't realize that access to the internet is still not as prevalent as it should be. And it's a self-fixing issue but older people still do use checks all the time. So for a lot of people paying rent and their normal bills still requires a check and a stamp due to float reasons or picking and choosing what gets paid on time so automatic payments and things like that aren't as practical.

Yeah, I know old people still write checks, but I'm wondering if my kids will ever need to. You can still choose which bills to pay online, you don't have to autopay.

[Nonlinear FC]

It's not just old folks, but those lower down the socio-economic ladder. It's why you see a lot of pushback against restaurants (and others) in big cities that want to go strictly paperless... Many activists correctly point out that this is an unintentional (hopefully) form of racism or classism.

[degenerasian]

A bit off point, but my daughter is taking a personal finance class in 6th grade. Basically a component of Home Ec. She had to do an activity labeling all the information and lines on a personal check. I wonder if my kids will ever write a check in their lives. I write a handful a year, and I can't imagine checks will be used for much longer.

If checks are gone what replaces them? How would I write postdated checks for rent for example? Back when I rented, I would write a bunch of postdated checks so the landlord would feel guilty about raising the rent.

All of my utilities are autopay or online payments. Whenever I send money it's through Venmo, Paypal or Zelle. There are just a few random bills I write checks for, like annual life insurance. Other than that, what do we need checks for?

This is where we, as insulated middle to upper class people, don't realize that access to the internet is still not as prevalent as it should be. And it's a self-fixing issue but older people still do use checks all the time. So for a lot of people paying rent and their normal bills still requires a check and a stamp due to float reasons or picking and choosing what gets paid on time so automatic payments and things like that aren't as practical.

Yeah, I know old people still write checks, but I'm wondering if my kids will ever need to. You can still choose which bills to pay online, you don't have to autopay.

When your daughter rents she should pay by check. It's actually easier now for the landlord to take cash the check by taking a picture of it and then filing the check away.

Or when she buys her first house, the down payment will be by check for such a large amount. I don't think that will change.

[EnochRoot]

Bitcoin is too TOR / dark-web-y for me. Mutual funds til I die at my desk!

[BSF21]

Bitcoin is too TOR / dark-web-y for me. Mutual funds til I die at my desk!

[The Sybian]

Bitcoin is too TOR / dark-web-y for me. Mutual funds til I die at my desk!

And you found our uniforms for Ryan's game. You can be Stewart and I'll be Roald.

[mister d]

When your daughter rents she should pay by check. It's actually easier now for the landlord to take cash the check by taking a picture of it and then filing the check away.

Or when she buys her first house, the down payment will be by check for such a large amount. I don't think that will change.

What about just wires / venmo? There's no need for physical checks.

[The Sybian]

When your daughter rents she should pay by check. It's actually easier now for the landlord to take cash the check by taking a picture of it and then filing the check away.

Or when she buys her first house, the down payment will be by check for such a large amount. I don't think that will change.

What about just wires / venmo? There's no need for physical checks.

If you are talking rent, the fees start to become relevant.

[A_B]

When your daughter rents she should pay by check. It's actually easier now for the landlord to take cash the check by taking a picture of it and then filing the check away.

Or when she buys her first house, the down payment will be by check for such a large amount. I don't think that will change.

What about just wires / venmo? There's no need for physical checks.

You people.

[mister d]

When your daughter rents she should pay by check. It's actually easier now for the landlord to take cash the check by taking a picture of it and then filing the check away.

Or when she buys her first house, the down payment will be by check for such a large amount. I don't think that will change.

What about just wires / venmo? There's no need for physical checks.

If you are talking rent, the fees start to become relevant.

Are there fees on venmo?

[brian]

When your daughter rents she should pay by check. It's actually easier now for the landlord to take cash the check by taking a picture of it and then filing the check away.

Or when she buys her first house, the down payment will be by check for such a large amount. I don't think that will change.

What about just wires / venmo? There's no need for physical checks.

If you are talking rent, the fees start to become relevant.

Are there fees on venmo?

Not on any domestic transfers.

[sancarlos]

What are you guys using to buy crypto?

The onion on my belt.

Ha. I wish I said that.

[EnochRoot]

Bitcoin is too TOR / dark-web-y for me. Mutual funds til I die at my desk!

Hicks, skids and hockey players aren't gonna answer my fears, BSF.

But damn dude. Well played.

[GoodKarma]

What I learned working at a bank: it’s shocking how many people don’t have a bank account or utilize the banking system in any way.

[degenerasian]

Just had a friend turn me on to a new beta mobile cryptocurrency that you can mine on mobile devices without using data or processing power. Probably won’t come to anything but seems no downside. You just have click a link once a day to prove you’re a human and not a bot. Wouldn’t have minded getting in on Bitcoin early and having 5 or 10 of them. If any of you sign up use my link below for referral bonus please.

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/FireUpChips and use my username (FireUpChips) as your invitation code.

Explanation. We'll know if we're rich in one year.

[Shirley]

Not a great start on this Pi app. Twice, I've given it my phone number so it can text me a code to continue. Haven't gotten a text. I've never had an app fail to send me a verification text.

[mister d]

What I learned working at a bank: it’s shocking how many people don’t have a bank account or utilize the banking system in any way.

Same but working at a supermarket that had a little check-cashing area up front.

[A_B]

So Elon Musk just bought 1.5 billion in bitcoin. Up to $44k per

[Shirley]

Looks like Pi wants a few more of you fuckers to serve as Contributors to my security circle. What are your usernames? Let's see, I am ... daveirwin1