It is a real possibility that new investors coming to the market might invest in coins like BCH and BSV thinking it as a fork of BTCitcoin and hoping that if there is a rally then they could get a much bigger profit than spending $7000 for a single BTCitcoin and when ever there is a rally in BTCitcoin all these fork coins also rise along with them and hence it might give them the profit they are looking for when there is rally  . Unedifying as it is to admit I'd say they're almost certainly right. Their own psychology means that a ton of others will reach the exact same conclusion. All BCH and BSV have to do is stay alive long enough for BTC to do its thing and they'll rise higher proportionally and faster simply because they started so much further down. And since BSV only has one miner and BCH has a couple there's a mountain of profit that'll go into the pockets of a handful of people. Where most people will fail is that they're not as cynical as the creators of those coins so most of them will hang on all the way back down again. |
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I've seen a couple of users mention in the past that they like earning these tokens, because although they know what they earn will only be worth a few cents (if they can even find a buyer), they hold on to the hope that one of them will exponentially grow. I suppose it's people who missed out on the early days of bitcoin, and seem to think that if you collect enough useless tokens at least one of them will turn in to "the next bitcoin", which is obviously not the case.
I've also pointed out that even with this line of reasoning, simply getting a job and buying these tokens will still result in much larger holdings, but as you say, objectivity goes out the window.
I can get behind that, but I would at least commit to a token that I could actually, like, sell. Can't remember what campaign it was, it might have been Coinsbank, but one week paid 0.3 BTC when the price was in the depths of the toilet in 2015. Had you told me that for a brief period that week's 'labour' would be worth $6000 within less than three years I would at least have trimmed my pubes before posting those burger shots. And plucked my clinkers. |
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That is appealing though. I can post on the forum while lying in bed, while watching TV, while stirring a pot of chilli, while sitting in the car waiting for someone I'm picking up, etc.
I suppose the line is when you start dedicating 8 hours or more a day to participating in bounty campaigns.
I would hope it is the former for most people and it does indeed have plenty of appeal and very few people wouldn't do that given the chance. In reality though I reckon the latter is much more likely. Maybe they have priced up what their labour could be sold for elsewhere and decided here is good enough but internet earning and Bitcoin earning seem to chuck that objectivity out the window in many a case. Good luck to 'em all the same. |
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holy fuck...
h
how?
Destiny, young man. |
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Such precision! Much Wow!
Indeed. The first post of the 2020s is MINE. And it carried an astonishingly powerful message. Good job someone of my magnitude claimed it. I think it sets a precedent. Not sure what. |
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There are far better ways to spend this time e.g learning something which you can make a better living off from...
There's always, always been a weird disconnect with earning and the internet. For some reason people would do some mindless activity they'd refuse in the real world and they'd do it for a tenth of the money too. This isn't in any way unique to crypto either. I suppose it's something to do with the idea of sitting in your cacks at home while doing it being appealing but it still strikes me as bizarre. I think Amazon mechanical turk pays most people less than $2 an hour and I think it's only open to North Americans. When newcomers turn up here asking how to earn it never seems to occur to them to devote a quarter or less of the same amount of time to a real world gig and finish up with more BTC if they spent their earnings on it. I'm sure for some there's no alternative but for others it doesn't seem to ever occur to them to question the time/effort/benefit ratio. |
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impossibru (at least for the stock market)... we already increased a lot in the prior 10 year (currently already overvalued for stocks). In comparison, markets (in US) were correcting from 1916 to 1920 (by about 30%). https://www.macrotrends.net/1319/dow-jones-100-year-historical-chartIt's entirely possible that we just had OUR roaring 20ies (from 2009 to 2019, SP500 went from 666 lows to 3244 high, 387% up; BTC went up 9000000%). Not tonight, creep. For today at least we bask in delusion. |
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Big bouncy bollocks.
But no to fuck off.
Let us be positive.
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In the context of the real world it wouldn't matter a jot. A few million nutters would have their paper gains wiped out. That's it.
There are no pensions or corporate or government money worth mentioning in it so it would have no repercussions on the wider economies.
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If it's to use to buy bitcoins I'm not surprised with its fees but there are a lot of better alternatives honestly
I'm specifically talking about Bitcoin. It would be very interesting to know how many non crypto users have been tempted to have a dabble by its presence in the app. If you're already signed up you may not bother to shop elsewhere. At least it's better than almost all ATMs and many a Localbitcoins rate. |
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New decade?
Which timezone?
Could result in 14 hours of posting fun (if i didn't fuck up the calculation)
This forum's UTC is the one and only. History will not care if you posted from Vanuatu at midnight and moan about it not being acknowledged. |
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I can't find hash rate numbers for ZEIT, but given that its total market capitalization is ~ 18 bitcoins and that it uses Scrypt for POW, it's obviously incredibly easy to attack. There is no comparison.
Miners don't attack ZEIT because it's worthless. That doesn't mean it's secure.
Hey, let him buy that country estate with his, er, Zeit? That's if he can get more than $5 out of the market before killing it stone dead. I then look forward to him boasting about it on here so I can double spend the transaction using my Casio electronic organ. It's got a drum pad too. |
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amazingly, no outlets besides bitcoinist and a few no-name sites covered the breach. nothing from coindesk, cointelegraph, CCN, etc even though poloniex customer support confirmed the emails were real.
It's not a reassuring start to their reign, that's for sure. Considering the geographical move, the relative mystery of who bought and the Tron shit they should be going all out to prove they're worthy of our business. This is the diametric opposite. The shonkiest aspect of their handling of it is sending out an email about this and not announcing the leak beforehand. Most people rightly thought it was yet another phishing attempt. Interested to see where their volumes are in a few months from now. |
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So is anyone here planning to bag the first post of the new decade and are they carefully planning it?
I will abstain as mine would probably be 'bollocks' or 'fuck off'.
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We wouldn't be here if Bitcoin itself wasn't bulletproof.
But the state of security elsewhere is nowhere near keeping pace with the speed of everything getting interconnected. People have every conceivable detail of their entire lives on phones now - banking, addresses, contacts, crypto, photos of their peckers, balls, ring pieces and minges - yet millions or billions are using devices that manufacturers give up on updating years before they're obsolete.
There's yet to be a sustained conversation about a crypto heavy world in a world where the devices you use it on, let alone the third party services you choose to use, are too slack or stupid to stay ahead of the scum who want to steal it.
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Are you in USA or Canada?
UK. You can of course attempt to hide your BTC and you may well succeed. But if you slip up courts will take an extremely dim view of that. It's just the same as tax. It's taken on trust if you file your own shit. If they have cause to doubt you then life will get rather complicated. |
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Legally they can do jack shit to you. It is your crypto so no law in the world will take them from you. I know a lot about the law since my brother is a lawyer.
That all depends on where you live. Where I'm at the moment I get married nothing is 'mine' any more. It all gets taken into account when I take one hit round the head with a frying pan too many and walk. |
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At this point nothing will challenge Youtube so it's best to hope that they see sense as they have this time and keep things peaceful.
Nowhere else makes money, has the search functionality or the video functionality. It's striking how shoddy most other online video delivery is compared to Youtube.
If Youtube does ever get properly heavy most content producers will give up. In many a case that's no bad thing.
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What will you have for dinner tonight?
This evening there is no food available other than pancake mix. But there are crap pans and the stove here is crap too so it takes multiple attempts to get anything worth eating. Last time I tried it in this place I wound up with a pile of stillborn pancakes about 1 metre across by 1 metre high. NYE is a heap of shit so it gets no acknowledgement or special treatment from me. And I wish the merit to go to someone more deserving. And who can cook. |
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