Lol, do you know how bitcoin works on even the most superficial level?
I know that when the cost of electricity for making a bitcoin is close to 50% of the price of a bitcoin for some, expanding your mining operation by adding more overhead is not really a given, not to mention the cost of the actual HW. And as far as I know, the mining gear developers are reluctant to put all their money into 14/16nm FinFet processes when the prices drop like an anvil. So I was wondering if you have some specific information on why the hashrate would go "way up" anytime soon? There is another great coin up and coming called Digibyte that will be the day to day currency that can be realistically used. BITCOIN will still be there as gold is to dollars. Anyways check out Digibyte Watch "DigiByte @ CryptoCurrency Convention NYC 4/9/14 -
" on YouTube - DigiByte @ CryptoCurrency Convention NYC 4/9/14 -
: http://youtu.be/JkWVD8MJlS0https://bitcointalk.org/index.php?topic=408268.0Great times for Crypto!!! Can I mine it? Yes sir. Watch and read links you will see Don't know why I ask, Bitcoin and Ethereum are the only cryptocurrencies I see any point in. |
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Lol, do you know how bitcoin works on even the most superficial level?
I know that when the cost of electricity for making a bitcoin is close to 50% of the price of a bitcoin for some, expanding your mining operation by adding more overhead is not really a given, not to mention the cost of the actual HW. And as far as I know, the mining gear developers are reluctant to put all their money into 14/16nm FinFet processes when the prices drop like an anvil. So I was wondering if you have some specific information on why the hashrate would go "way up" anytime soon? There is another great coin up and coming called Digibyte that will be the day to day currency that can be realistically used. BITCOIN will still be there as gold is to dollars. Anyways check out Digibyte Watch "DigiByte @ CryptoCurrency Convention NYC 4/9/14 -
" on YouTube - DigiByte @ CryptoCurrency Convention NYC 4/9/14 -
: http://youtu.be/JkWVD8MJlS0https://bitcointalk.org/index.php?topic=408268.0Great times for Crypto!!! Can I mine it? |
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Very bullish right now
The crazy guy is back  Lol, do you know how bitcoin works on even the most superficial level?
I know that when the cost of electricity for making a bitcoin is close to 50% of the price of a bitcoin for some, expanding your mining operation by adding more overhead is not really a given, not to mention the cost of the actual HW. And as far as I know, the mining gear developers are reluctant to put all their money into 14/16nm FinFet processes when the prices drop like an anvil. So I was wondering if you have some specific information on why the hashrate would go "way up" anytime soon? If price continues its decline its hard to imagine of rapidly rising hashrate, but maybe spooderman knows something we dont? That's what I was wondering. |
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Failed rally attempt, who wudda thought?   Volume is pitiful. |
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Lol, do you know how bitcoin works on even the most superficial level?
I know that when the cost of electricity for making a bitcoin is close to 50% of the price of a bitcoin for some, expanding your mining operation by adding more overhead is not really a given, not to mention the cost of the actual HW. And as far as I know, the mining gear developers are reluctant to put all their money into 14/16nm FinFet processes when the prices drop like an anvil. So I was wondering if you have some specific information on why the hashrate would go "way up" anytime soon? |
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Hashrate about to go way up.Bitcoin will come back once everyone's forgotten about the dirty old cum rag in the corner of the room. It's the network that wouldn't die Why? |
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remember when we used to observe walls?
Well, at least ChartBuddy stays on topic. |
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@empowering: Press that Ignore button on the left. Works like a charm and makes this place a whole lot better and quieter.  I hear you... I already have them on ignore, but they are popping up more and more new ones, I add them to ignore too , but still more and more come, it is such a joke now, that we may as well really go for it, and then it may actually at least become a funny joke. So now what we need is MORE of them please, more activity.... Once they are on ignore I have no idea what they are barking on about and I could not care less.. but the point is, I do see they are bringing their other special friends sockpuppets... and I want them to step it up, imo they are being lazy, and need to put more effort in, this thread really needs them.. and these heart attacks are just not going to happen all by themselves, they need to rid themselves of the final few percentage of movement/life they have away from keyboard, and really really waste their lives more PLEASE lay it on us... Anyways.. I have got stuff to do now, but when I next check in, I look forward to seeing the new specials they invite along/sockpuppets, and the fruits of their labour, the renewed rigor and productivity of their ever increasing shit garbling circle jerk.. around x20 or x30 more of them should do it... Step to it guys... you have work to do. Refreshing thoughts. And if they could channel the energy of their circle jerk, they could probably physically pump the price up. |
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It will be interesting to see what our resident trolls will say when the price starts climbing again. Especially shroomie, he's not the worst but he's like a broken record. What tune will he play then?
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Not those are rich who have much, but those who don't want much.
^^This. The rest is BS. Ok, but I don't speak Yoda. |
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Someone posts an animated gif that isn't even that gory, people bitch.
Some dude posts a disgusting, real, hi-res photo of gory roadkill, and nobody bats an eye.
Really?
Yeah, I had to wonder about that. I guess it's only ok if something has to die for your gif. So you see nothing extraordinary in someone on a public forum saying: "Take the Bulltard's head and just..." , and then showing a gif where a mans head is ripped off with the innards showing? The main problem wasn't really the gory gif, although there is a difference between people and roadkill. The main problem was that he suggested that this should be done to people on this forum. No, that seems very ordinary. Now, if he had suggested building Saddam's supergun, boring their bodies down into cylindrical projectiles and firing their machined corpses 200 miles into the sky, that what be extraordinary. It wouldn't hurt if people rummaged around a bit, and tried to find a brain cell. Think about what you are protecting. |
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Someone posts an animated gif that isn't even that gory, people bitch.
Some dude posts a disgusting, real, hi-res photo of gory roadkill, and nobody bats an eye.
Really?
Yeah, I had to wonder about that. I guess it's only ok if something has to die for your gif. So you see nothing extraordinary in someone on a public forum saying: "Take the Bulltard's head and just..." , and then showing a gif where a mans head is ripped off with the innards showing? The main problem wasn't really the gory gif, although there is a difference between people and roadkill. The main problem was that he suggested that this should be done to people on this forum. |
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I find them sort of heart-breaking. Bitcoin is a wonder, but makes and breaks men faster than silver
I see bitcoin as a computer technology experiment, that was appropriated by various groups and pushed as something that it was never intended to be, and is nowhere ready to be. Agreed. Edit. As a rule I dislike Libertarianism, mostly as it has been co-opted by the right, but I was drawn to Bitcoin for purely political reasons; I think the world needs slightly more liberty than it currently has. Unfortunately as it stands crypto just seems clumsy and liable to hurt anyone who goes near it Libertarianism is just a slightly confused version of classical liberalism. A democratic society of the people and for the people is fully legitimized to provide services which promotes equality, health and security for its citizens. Even Warren Buffett thinks so: https://www.youtube.com/watch?v=irAVaMIvvYYHis idea of a Genie is, of course, not his own. What he is describing is John Rawls' "Veil of Ignorance". The solution in his mind is within what we would call social liberalism, certain vains of christian conservativism and modern social democrats. Bitcoin has an exciting role in that it is not really hindered by any political ideology except for certain vains of extreme nationalism and extreme socialism. It can work as an internet coupon. It can work as a substitute for, or in addition to a national currency. And in the long term it can replace the dollar as a world currency. History tells us that that status is very temporary. What else could replace the dollar? The Swiss Franc? The renminbi? The Euro? The Rouble? The Rupee? They are certainly not better than the dollar right now, and won't be for the foreseeable future. And they would be hard pressed to offer more than the dollar even if they catch up with it. What is needed is something new. What is needed is a trustless global currency which can't be manipulated or controlled by single governments. A currency that grows into its role rather than is chosen by the community of states in concert. A currency that has a foothold in most or all of the major economies in the world and thus represents the world economy in a very real way. Bitcoin is not a anarcho-libertarian looney currency. Nor is it a supranational currency. It is a currency for the people as well as the global society of independent states. It is a cosmopolitan currency. |
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The future of Crypto is Bitcoin and Digibyte
What about ethereum? |
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Offtopic question,
How do I chose avatar picture on this forum? I tried to put Kodrić, Karpeles or Jeff Robinson on my profile picture but it doesn't work, how do I do it?
You will have to ask for permission from James Cameron. But I don't think the guys you mentioned were in the movie. |
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yes it must be the nsa !
If only it was nAsa. |
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I maintain that we still need a global currency crisis / collapse followed by a flood into precious metals. Once people realise that BTC and its derivatives are as good as precious metals and easier to use we will start to see real commerce take place in crypto. See you there, might have grey hair by then. But these dayys have been fun. We were there dudes!!
What drivatives has Bitcoin got? I heard they helped cause the last stock market crash. Fuck derivatives. Take your meds mate. I meant altcoins (generally derived from the BTC source code) Good, the last thing Bitcoin needs is derivatives (like the debt packages in the stock market). Well ironically the winkelvoss ETF would be a derivative. Their company plans to purchase one BTC for every 5 shares in the etf owned. Unfortunately this is exactly what BTC needs right now to allow the gamblers a regulated environment for purchasing BTC with stupid amounts of money. The more I think about it, the more grave is BTC's immediate future. I believe that ETF was already speculatively priced into BTC too which is also deflating with all the rest of the bad news. There is still big money in BTC and these are the guys doing the mini pumps followed by the massive dumps. And as said they will do this all the way down to zero or until they are out of the market. They need to get their money back and they don't care about you, me, or Bitcoin. Both derivatives and shorting ought to be good for Bitcoin if only the currency (not only the technology) gained some significant traction with some kind of real use case. But there doesn't seem to be much adoption other than waves of shorting traders. It depends what sort of derivatives you are talking about. The type I am against are like the packages of debt, the source of which the buyers don't know. I heard the last big bank crash was partially caused by traders buying packages of mortgage debt, but they didn't know it was mortgage debt. People had been given mortgages who had not got a hope in hell of paying and someone put that debt into a derivative and sold it. The winkelvoss ETF might be regarded as a derivative, but it's a completely different kind of derivative to the dodgy ones available before the last bank crash. The media was looking for a bogey man back then. The word derivatives sounded sinister. The problem wasn't that there were derivatives related to mortgages. It was the way they were sold, and the fact that there was no security behind those mortgages. And if the buyers didn't know what they were buying, then they shouldn't have bought them. I remember one bank manager for a small local bank in Minnesota (i think) was interviewed about the bail out. His bank stayed away from those derivatives because he simply didn't understand how they could work. And when it turned out that he was right he was very annoyed with the other banks that were screaming for a bail out. It wasn't unavoidable. It was a perfect storm of lack of regulation and hubris. Sounds familiar? If we ever see that kind of derivatives in the Bitcoin economy it would have to mean that people were taking up mortgages in Bitcoin. If so, then we can safely say that Bitcoin has succeeded. |
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I maintain that we still need a global currency crisis / collapse followed by a flood into precious metals. Once people realise that BTC and its derivatives are as good as precious metals and easier to use we will start to see real commerce take place in crypto. See you there, might have grey hair by then. But these dayys have been fun. We were there dudes!!
What drivatives has Bitcoin got? I heard they helped cause the last stock market crash. Fuck derivatives. Take your meds mate. I meant altcoins (generally derived from the BTC source code) Good, the last thing Bitcoin needs is derivatives (like the debt packages in the stock market). Well ironically the winkelvoss ETF would be a derivative. Their company plans to purchase one BTC for every 5 shares in the etf owned. Unfortunately this is exactly what BTC needs right now to allow the gamblers a regulated environment for purchasing BTC with stupid amounts of money. The more I think about it, the more grave is BTC's immediate future. I believe that ETF was already speculatively priced into BTC too which is also deflating with all the rest of the bad news. There is still big money in BTC and these are the guys doing the mini pumps followed by the massive dumps. And as said they will do this all the way down to zero or until they are out of the market. They need to get their money back and they don't care about you, me, or Bitcoin. Both derivatives and shorting ought to be good for Bitcoin if only the currency (not only the technology) gained some significant traction with some kind of real use case. But there doesn't seem to be much adoption other than waves of shorting traders. |
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I still think that Bitcoin will hit double digits, it will be just slow and painful path for many of you here, I will ride the ship only when most of you delusional cultists and get rich kids abandon it....
Nice to see you back here! Double digits is perhaps too pessimistic but, unfortunately for bulls  , traders are trying to push the price under 200 to level the playing field (they think early adopters and big mines have too much power currently). They want to make money shorting. There are no "good intentions" behind it. |
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Take the Bulltard's head and just...
[Had to delete disgusting gif]
Why? They are the one's losing money. Why do you give a rats ass you worthless piece of shit? Calling people bulltards and beartards is just plain retarded. If you disagree with someone, please say so. But this harassment is getting old. [Crap! This troll got under my skin. Solution: ignore] I think he is referring specifically to the bulltards who come in here hyping the moon while divesting on our heads. I don't give a flying fuck. That gif is disgusting, and used in that context it is close to criminal. |
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