Joke’s on you Brian. In five years the Maldives will be underwater.
Bitcoin
Moderators: Shirley, Sabo, brian, rass, DaveInSeattle
Re: Bitcoin
My avatar corresponds on my place in the Swamp posting list with the all-time Home Run list. Number 45 is Paul Konerko with 439.
- DSafetyGuy
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Re: Bitcoin
Joke's on you, L-Jam. He's a rich white guy, he's not getting anywhere close to five years.
“The running, the jumping... a celebration of life.”
Re: Bitcoin
From what I’ve read, it seems like SBF is more like the Henry Hill of crypto. Doesn’t have the “skills” to be a real criminal, more like he was just in it for the lifestyle. And certainly seems willing to shoot the shit with anyone who will listen. Maybe that analogy will stick and he’ll have some good info.
Re: Bitcoin
They weren’t putting Henry Hill’s picture on any magazine covers, asking if he was the next big thing.Rex wrote: ↑Tue Dec 13, 2022 8:35 pm From what I’ve read, it seems like SBF is more like the Henry Hill of crypto. Doesn’t have the “skills” to be a real criminal, more like he was just in it for the lifestyle. And certainly seems willing to shoot the shit with anyone who will listen. Maybe that analogy will stick and he’ll have some good info.
"What a bunch of pedantic pricks." - sybian
Re: Bitcoin
Years ago on SCTV, Eugene Levy played a character named Brian Johns who was a Financial Reporter who when he interviewed rich people merely fawned over their richness.sancarlos wrote: ↑Tue Dec 13, 2022 9:46 pmThey weren’t putting Henry Hill’s picture on any magazine covers, asking if he was the next big thing.Rex wrote: ↑Tue Dec 13, 2022 8:35 pm From what I’ve read, it seems like SBF is more like the Henry Hill of crypto. Doesn’t have the “skills” to be a real criminal, more like he was just in it for the lifestyle. And certainly seems willing to shoot the shit with anyone who will listen. Maybe that analogy will stick and he’ll have some good info.
Seems to be the template for many financial reporters.
Canadian International
Re: Bitcoin
Sounds like someone wasn't reading Gangster Magazine as a kid.
- The Sybian
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Re: Bitcoin
That had to influence Chris Farley's skits posing as an idiot interviewing celebrities. "Remember that time when you [did super famous thing]? That was awesome."Pruitt IV wrote: ↑Wed Dec 14, 2022 9:29 amYears ago on SCTV, Eugene Levy played a character named Brian Johns who was a Financial Reporter who when he interviewed rich people merely fawned over their richness.sancarlos wrote: ↑Tue Dec 13, 2022 9:46 pmThey weren’t putting Henry Hill’s picture on any magazine covers, asking if he was the next big thing.Rex wrote: ↑Tue Dec 13, 2022 8:35 pm From what I’ve read, it seems like SBF is more like the Henry Hill of crypto. Doesn’t have the “skills” to be a real criminal, more like he was just in it for the lifestyle. And certainly seems willing to shoot the shit with anyone who will listen. Maybe that analogy will stick and he’ll have some good info.
Seems to be the template for many financial reporters.
An honest to God cult of personality - formed around a failed steak salesman.
-Pruitt
-Pruitt
Re: Bitcoin
This whole crypto thing ... it just amazes me how long it continued and how broad it got.
I mean, ignore the blockchain aspect, just the idea buying a new currency is "investing" is just maddening to me. How did so many people go along with this? The only value any of these currencies have is the idea that other people will think it has value and want to buy it, driving the price up. It's like everyone forgot that an asset has to have some sort of intrinsic value - not just the price of the thing itself.
Sure, if someone had figured out an actual valuable use for BitCoin (or any of the others) outside of illegal activities, maybe it would be interesting. But it's been over 10 years now and I haven't yet heard of a compelling use case other than as a way to buy drugs online.
And back to blockchain - it's a stupid fucking idea. It always has been and most of the smart tech people I know saw that from day 1. And that was before Bitcoin started consuming the energy equivalent of a medium-sized country.
I mean, ignore the blockchain aspect, just the idea buying a new currency is "investing" is just maddening to me. How did so many people go along with this? The only value any of these currencies have is the idea that other people will think it has value and want to buy it, driving the price up. It's like everyone forgot that an asset has to have some sort of intrinsic value - not just the price of the thing itself.
Sure, if someone had figured out an actual valuable use for BitCoin (or any of the others) outside of illegal activities, maybe it would be interesting. But it's been over 10 years now and I haven't yet heard of a compelling use case other than as a way to buy drugs online.
And back to blockchain - it's a stupid fucking idea. It always has been and most of the smart tech people I know saw that from day 1. And that was before Bitcoin started consuming the energy equivalent of a medium-sized country.
Totally Kafkaesque
Re: Bitcoin
Right? Like in the past you might've lost a lot of money, but at least you got a cool-looking flower out of the deal.
My avatar corresponds on my place in the Swamp posting list with the all-time Home Run list. Number 45 is Paul Konerko with 439.
Re: Bitcoin
I mean ... I can see how a no-effort get rich fast ploy might work, especially once it was normalized by analysts and celebrities.
- Steve of phpBB
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Re: Bitcoin
I still have no idea what that is.
And his one problem is he didn’t go to Russia that night because he had extracurricular activities, and they froze to death.
Re: Bitcoin
Going to disagree as a lot of smart people I know think that it is if not THE future of internet security protocols, it is at the very least going to be a big piece of the puzzle.
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- The Sybian
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Re: Bitcoin
Because we don't want governments controlling our currencies, man! We need to break the chains of government tyranny by not allowing them to promise to back the fiction of value placed in currency (or backing it with gold or some other tangible valuable asset). I never understood that argument other than subverting law enforcement or being the fever dream of conspiracy theorists.Shirley wrote: ↑Wed Dec 14, 2022 1:22 pm This whole crypto thing ... it just amazes me how long it continued and how broad it got.
I mean, ignore the blockchain aspect, just the idea buying a new currency is "investing" is just maddening to me. How did so many people go along with this? The only value any of these currencies have is the idea that other people will think it has value and want to buy it, driving the price up. It's like everyone forgot that an asset has to have some sort of intrinsic value - not just the price of the thing itself.
Sure, if someone had figured out an actual valuable use for BitCoin (or any of the others) outside of illegal activities, maybe it would be interesting. But it's been over 10 years now and I haven't yet heard of a compelling use case other than as a way to buy drugs online.
And back to blockchain - it's a stupid fucking idea. It always has been and most of the smart tech people I know saw that from day 1. And that was before Bitcoin started consuming the energy equivalent of a medium-sized country.
Crypto was always a scam, and some people who were crafty enough to get in early and sell on top made fortunes. I guess there were some true believers that crypto would revolutionize the world and eventually replace government currency, but that was a pipe dream.
An honest to God cult of personality - formed around a failed steak salesman.
-Pruitt
-Pruitt
Re: Bitcoin
Or they're just trying to convince a few people of that to make their holdings a little safer ; P
Re: Bitcoin
There's no interaction between the two. Blockchain for crypto and blockchain as essentially a hyperledger for fintech or decentralized identity security are two completely different things.
The former is mostly a scam albeit there are some merits to a global currency decentralized from any national bank that have been discussed here at length. In short, your average law-abiding citizen of Country X really has no need or market for any kind of cryptocurrency. That could change in the future depending on various global upheavals but as it stands right now the current global method of national currencies works just fine unless you want to buy arms and/or drugs on the downlow.
The latter is an exceptionally legitimate and potentially powerful tool to protect the privacy of individuals compared to simply sharing a username and password with 100 different websites.
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Re: Bitcoin
Would be a lot fewer transactions in general, so yes? This is where I'm not an expert on the hardware side of it, but my understanding is that the computational power required for your average crypto mining transaction is so large that that is what makes it so inefficient. The blockchain used as a hyperledger should be a fairly simple transaction no different than sending a few bytes of data back and forth like we're doing right now. But again, I'd have to defer to a hardware expert on that.
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Re: Bitcoin
My son gave my wife and I a very detailed explanation and honest to god - no fucking clue.
But what I took away is that guys are setting up "farms" of computers to "harvest" "coins" that didn't exist before they were "harvested." And the intrinsic value is tied into I don't have a fucking clue.
Far too old to gamble on that nonsense.
And my son lost a few thousand on the "established," "legit" "coins"
There are ways to make money that don't involve hocus pocus at best, and outright theft at worst.
One Coin
Canadian International
Re: Bitcoin
I hate the New York Post and everything they stand for, and them putting the Ukrainian flag is totally disingenuous, but that's an A+ headline. Well done.
My avatar corresponds on my place in the Swamp posting list with the all-time Home Run list. Number 45 is Paul Konerko with 439.
Re: Bitcoin
Well, the idea has been around for a couple of decades at least and there's still vanishingly little usage of it in the real world outside of cryptocurrencies. If it were going to revolutionize internet security it would have happened already. I may not talk to the right folks, but in my job, I talk with a lot of IT security people, including CISOs at major corporations and I don't think I've ever heard one of them use the word "blockchain."
Totally Kafkaesque
Re: Bitcoin
I'm shocked
"Thousands may have lost out to crypto trading app"
https://www.bbc.com/news/technology-64939146
"Thousands may have lost out to crypto trading app"
https://www.bbc.com/news/technology-64939146
Re: Bitcoin
Report: QB Brady lost $30M in collapse of FTX
Seems pretty misleading, perhaps intentionally. Brady didn't really lose $30MM, he was given $30MM in stock for his endorsement and then it tanked. Real people have lost real money; Brady effectively wasn't paid for doing nothing.
Seems pretty misleading, perhaps intentionally. Brady didn't really lose $30MM, he was given $30MM in stock for his endorsement and then it tanked. Real people have lost real money; Brady effectively wasn't paid for doing nothing.
Re: Bitcoin
Judging from his Hertz commercials dude mails it in for annything other than throwing a football and leaving your wife and newborn for a supermodel.
Bandwagon fan of the 2023 STANLEY CUP CHAMPIONS!
Re: Bitcoin
Better go 110% at pro football. And it depends on how hot your wife is and how much you like her. If you're gonna leave, newborn a pretty solid temporal selection. They hate u once they understand before they really understand.
Re: Bitcoin
Value of Pi coin today is supposedly about $36 per coin. Though still no easy way to trade them quite yet. Some of you guys who haven’t checked in awhile should consider going through the KYC steps to move your coins to your wallet. They’re supposedly working on an exchange by the end of the year.The Sybian wrote: ↑Fri Jan 29, 2021 11:24 amHow 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.degenerasian wrote: ↑Fri Jan 29, 2021 11:19 amYeah. 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?The Sybian wrote: ↑Fri Jan 29, 2021 11:11 amStill curious, what does mining mean, they just but free crypto currency in your account for logging in?degenerasian wrote: ↑Fri Jan 29, 2021 11:07 am It looks good. Can mine about 2 Pi per day it looks like, just for pressing a button.
As A_B mentions, this is not even a block yet, so me using the term mining is probably incorrect.
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Re: Bitcoin
Damn. I deleted that a loooooong time ago.
I guess I should've kept it.
How many coins do you have?
Edit
If you've been clicking the button once a day for the past 2 and a half years netting 2 coins a day and it's worth $36, you've passively made $65k pending you could cash out.
I guess I should've kept it.
How many coins do you have?
Edit
If you've been clicking the button once a day for the past 2 and a half years netting 2 coins a day and it's worth $36, you've passively made $65k pending you could cash out.
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
Re: Bitcoin
I have about 1500. Still doubtful they’ll ever be worth anything but wasn’t a big deal to click a button once a day.Johnnie wrote: ↑Fri Oct 20, 2023 10:10 pm Damn. I deleted that a loooooong time ago.
I guess I should've kept it.
How many coins do you have?
Edit
If you've been clicking the button once a day for the past 2 and a half years netting 2 coins a day and it's worth $36, you've passively made $65k pending you could cash out.
Bandwagon fan of the 2023 STANLEY CUP CHAMPIONS!
- A_B
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Re: Bitcoin
I’m at about 2700. Obviously stopped for a long time.
Hold on, I'm trying to see if Jack London ever gets this fire built or not.
Re: Bitcoin
Yeah, I stopped hitting that button a long time ago. Looks like I have 856. I never expanded my security circle, or whatever. But if that number is real, that's worth about $30K? I'm doubtful.
Totally Kafkaesque
Re: Bitcoin
If you can't sell them aren't they worth $0 a coin or am I missing something
Pack a vest for your james in the city of intercourse
Re: Bitcoin
You can sell/trade them peer to peer so the value isn’t completely plucked out of the air.
Bandwagon fan of the 2023 STANLEY CUP CHAMPIONS!
Re: Bitcoin
You should check and see how much is actually in your Pi wallet. You have to complete the KYC (Know Your Customer) process to migrate your balance.
Bandwagon fan of the 2023 STANLEY CUP CHAMPIONS!
- A_B
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Re: Bitcoin
Yeah just saw some stuff on that this morning. Gonna try to figure it out. Thanks for the heads up.
Hold on, I'm trying to see if Jack London ever gets this fire built or not.
- The Sybian
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Re: Bitcoin
This sounds like a cult.
An honest to God cult of personality - formed around a failed steak salesman.
-Pruitt
-Pruitt
Re: Bitcoin
While we're playing with imaginary money, I only have Brian in my Security Circle. Who else can I add so I can earn that sweet fake money faster?
Totally Kafkaesque
- degenerasian
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Re: Bitcoin
We all belong to Brian so he'll get rich off of us. I completed the PYC and have 1,000. I ended up locking it for an additional 3 years.
Kung Fu movies are like porn. There's 1 on 1, then 2 on 1, then a group scene..
Re: Bitcoin
Or a pyramid scheme.
"What a bunch of pedantic pricks." - sybian
Re: Bitcoin
Eventually you'll just have to link a checking or savings account and send over a quick test transaction then those 6 figure windfalls will be yours!