Current Events > The crypto bubble popped

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SHRlKE 05/14/22 1:55:49 PM #302:	[LFAQs-redacted-quote] So forgive me. I am still learning. Is the whole distributed ledger side of things a fundamental property of blockchain or again just one of possibly a number of ways to facilitate blockchain? I thought fundamentally blockchain was all about the fact records are immutable. That's it. Could I not potentially implement a blockchain right now with the right tools that wouldn't be distributed? Would that not actually be a blockchain? <cite>SHRlKE posted [p:965032252] in The crypto... [t:80017337]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> So forgive me. I am still learning. Is the whole distributed ledger side of things a fundamental property of blockchain or again just one of possibly a number of ways to facilitate blockchain? I thought fundamentally blockchain was all about the fact records are immutable. That's it. Could I not potentially implement a blockchain right now with the right tools that wouldn't be distributed? Would that not actually be a blockchain? </quote> ... Copied to Clipboard!
DarkRoast 05/14/22 1:55:56 PM #303:	SHRlKE posted... I don't know much about stable coins. Can you elaborate? The tldr is that they are supposed to have hedge-like stability instead of the typical volatility you see. There are multiple different models, but the most logically consistent model is one that's backed by an actual currency. It's obviously more complicated than that, involving being currencies being "pegged" to dollar values, etc. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965032254] in The crypto... [t:80017337]...</cite> <quote>SHRlKE posted... </cite> <quote>I don't know much about stable coins. Can you elaborate?</quote> The tldr is that they are supposed to have hedge-like stability instead of the typical volatility you see. There are multiple different models, but the most logically consistent model is one that's backed by an actual currency. It's obviously more complicated than that, involving being currencies being "pegged" to dollar values, etc. </quote> ... Copied to Clipboard!
SHRlKE 05/14/22 2:23:05 PM #304:	DarkRoast posted... The tldr is that they are supposed to have hedge-like stability instead of the typical volatility you see. There are multiple different models, but the most logically consistent model is one that's backed by an actual currency. It's obviously more complicated than that, involving being currencies being "pegged" to dollar values, etc. How does relate to my original question though? <cite>SHRlKE posted [p:965032781] in The crypto... [t:80017337]...</cite> <quote>DarkRoast posted... </cite> <quote>The tldr is that they are supposed to have hedge-like stability instead of the typical volatility you see. There are multiple different models, but the most logically consistent model is one that's backed by an actual currency. It's obviously more complicated than that, involving being currencies being "pegged" to dollar values, etc.</quote> How does relate to my original question though? </quote> ... Copied to Clipboard!
DarkRoast 05/14/22 2:43:55 PM #305:	SHRlKE posted... How does relate to my original question though? The idea is that you can put your money in a coin that will give a consistent interest rate, sort of like a hedge fund or even the bank account. Sort of a set-it-and-forget-it. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965033200] in The crypto... [t:80017337]...</cite> <quote>SHRlKE posted... </cite> <quote>How does relate to my original question though?</quote> The idea is that you can put your money in a coin that will give a consistent interest rate, sort of like a hedge fund or even the bank account. Sort of a set-it-and-forget-it. </quote> ... Copied to Clipboard!
divot1338 05/14/22 2:50:54 PM #306:	And yet they dont do that. Because this was either a scam or conceived of by a fool. --- Moustache twirling villian https://i.imgur.com/U3lt3H4.jpg- Kerbey <cite>divot1338 posted [p:965033333] in The crypto... [t:80017337]...</cite> <quote>And yet they dont do that. Because this was either a scam or conceived of by a fool. </quote> ... Copied to Clipboard!
DarkRoast 05/14/22 2:51:51 PM #307:	divot1338 posted... And yet they dont do that. Because this was either a scam or conceived of by a fool. That's why the collapse of a stablecoin is far more concerning than just some random altcoin. The other stablecoins are backed up with equally flimsy foundations. One of the major reasons stablecoins exist is to provide a degree of financial stability to a market that technically has no intrinsic value. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965033347] in The crypto... [t:80017337]...</cite> <quote>divot1338 posted... </cite> <quote>And yet they dont do that. Because this was either a scam or conceived of by a fool.</quote> That's why the collapse of a stablecoin is far more concerning than just some random altcoin. The other stablecoins are backed up with equally flimsy foundations. One of the major reasons stablecoins exist is to provide a degree of financial stability to a market that technically has no intrinsic value. </quote> ... Copied to Clipboard!
SHRlKE 05/14/22 3:02:57 PM #308:	DarkRoast posted... The idea is that you can put your money in a coin that will give a consistent interest rate, sort of like a hedge fund or even the bank account. Sort of a set-it-and-forget-it. This was my original question I dont see what you are talking about has any relevance. .. I just assumed crypto was an application of blockchain. Not that they are one and the same. Is that not the case? Can you really use the terms interchangeably? <cite>SHRlKE posted [p:965033566] in The crypto... [t:80017337]...</cite> <quote>DarkRoast posted... </cite> <quote>The idea is that you can put your money in a coin that will give a consistent interest rate, sort of like a hedge fund or even the bank account. Sort of a set-it-and-forget-it.</quote> This was my original question I dont see what you are talking about has any relevance. .. I just assumed crypto was an application of blockchain. Not that they are one and the same. Is that not the case? Can you really use the terms interchangeably? </quote> ... Copied to Clipboard!
AmishDoinks420 05/14/22 3:05:18 PM #309:	A currency backed by nothing but faith? Shocking. Actually surprising. --- Big doinks in Amish <cite>AmishDoinks420 posted [p:965033608] in The crypto... [t:80017337]...</cite> <quote>A currency backed by nothing but faith? Shocking. Actually surprising. </quote> ... Copied to Clipboard!
divot1338 05/14/22 3:16:13 PM #310:	AmishDoinks420 posted... A currency backed by nothing but faith? Shocking. Actually surprising. Now that you mention it I would love to see a breakdown of bitcoin ownership by political affiliation. --- Moustache twirling villian https://i.imgur.com/U3lt3H4.jpg- Kerbey <cite>divot1338 posted [p:965033843] in The crypto... [t:80017337]...</cite> <quote>AmishDoinks420 posted... </cite> <quote>A currency backed by nothing but faith? Shocking. Actually surprising.</quote>Now that you mention it I would love to see a breakdown of bitcoin ownership by political affiliation. </quote> ... Copied to Clipboard!
AmishDoinks420 05/14/22 3:18:25 PM #311:	divot1338 posted... Now that you mention it I would love to see a breakdown of bitcoin ownership by political affiliation. You and I both know its primarily republicans/conservatives whos only hope of retirement is shilling for these crap investments. --- Big doinks in Amish <cite>AmishDoinks420 posted [p:965033897] in The crypto... [t:80017337]...</cite> <quote>divot1338 posted... </cite> <quote>Now that you mention it I would love to see a breakdown of bitcoin ownership by political affiliation.</quote>You and I both know its primarily republicans/conservatives whos only hope of retirement is shilling for these crap investments. </quote> ... Copied to Clipboard!
TigerTarTheo 05/14/22 3:24:23 PM #312:	AmishDoinks420 posted... You and I both know its primarily republicans/conservatives whos only hope of retirement is shilling for these crap investments. You know who I hate? bus drivers, theyre all a bunch of damn republicans/conservatives --- JTilIy alt <cite>TigerTarTheo posted [p:965033994] in The crypto... [t:80017337]...</cite> <quote>AmishDoinks420 posted... </cite> <quote>You and I both know its primarily republicans/conservatives whos only hope of retirement is shilling for these crap investments.</quote>You know who I hate? bus drivers, theyre all a bunch of damn republicans/conservatives </quote> ... Copied to Clipboard!
DarkRoast 05/14/22 3:42:03 PM #313:	AmishDoinks420 posted... You and I both know its primarily republicans/conservatives whos only hope of retirement is shilling for these crap investments. "I'm not a Republican I'm a libertarian" - Republican --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965034321] in The crypto... [t:80017337]...</cite> <quote>AmishDoinks420 posted... </cite> <quote>You and I both know its primarily republicans/conservatives whos only hope of retirement is shilling for these crap investments.</quote> "I'm not a Republican I'm a libertarian" - Republican </quote> ... Copied to Clipboard!
SHRlKE 05/14/22 5:00:09 PM #314:	SHRlKE posted... This was my original question I dont see what you are talking about has any relevance. .. I just assumed crypto was an application of blockchain. Not that they are one and the same. Is that not the case? Can you really use the terms interchangeably? @DarkRoast - where are you bro? <cite>SHRlKE posted [p:965035805] in The crypto... [t:80017337]...</cite> <quote>SHRlKE posted... </cite> <quote>This was my original question I dont see what you are talking about has any relevance. .. I just assumed crypto was an application of blockchain. Not that they are one and the same. Is that not the case? Can you really use the terms interchangeably? </quote> @DarkRoast - where are you bro? </quote> ... Copied to Clipboard!
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Makeveli_lives 05/14/22 5:05:33 PM #316:	https://twitter.com/parikpatelcfa/status/1525513298820710400?s=21&t=RLzM0zuV2z14UXdxWtONww --- Switch FC: SW-3917-4425-6106 PSN: PiKappaPhi769 <cite>Makeveli_lives posted [p:965035935] in The crypto... [t:80017337]...</cite> <quote>https://twitter.com/parikpatelcfa/status/1525513298820710400?s=21&t=RLzM0zuV2z14UXdxWtONww </quote> ... Copied to Clipboard!
DarkRoast 05/14/22 5:45:17 PM #317:	That dude's voice is amazing wtf --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965036736] in The crypto... [t:80017337]...</cite> <quote>That dude's voice is amazing wtf </quote> ... Copied to Clipboard!
SHRlKE 05/14/22 5:55:26 PM #318:	[LFAQs-redacted-quote] must be that time of the month then <cite>SHRlKE posted [p:965036919] in The crypto... [t:80017337]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> must be that time of the month then </quote> ... Copied to Clipboard!
TigerTarTheo 05/14/22 5:56:24 PM #319:	..lmao --- JTilIy alt <cite>TigerTarTheo posted [p:965036935] in The crypto... [t:80017337]...</cite> <quote>..lmao </quote> ... Copied to Clipboard!
Imit8m3 05/14/22 5:59:18 PM #320:	https://gamefaqs.gamespot.com/a/user_image/4/1/1/AAZgIXAADO4z.jpg --- Yes, I am aggressively handsome. Thanks for noticing. <cite>Imit8m3 posted [p:965036989] in The crypto... [t:80017337]...</cite> <quote>https://gamefaqs.gamespot.com/a/user_image/4/1/1/AAZgIXAADO4z.jpg </quote> ... Copied to Clipboard!
HroHybridCards 05/14/22 6:02:24 PM #321:	Imit8m3 posted... https://gamefaqs.gamespot.com/a/user_image/4/1/1/AAZgIXAADO4z.jpg Fake news since they got rid of the polish dogs. <cite>HroHybridCards posted [p:965037053] in The crypto... [t:80017337]...</cite> <quote>Imit8m3 posted...</cite> <quote>https://gamefaqs.gamespot.com/a/user_image/4/1/1/AAZgIXAADO4z.jpg </quote> Fake news since they got rid of the polish dogs.</quote> ... Copied to Clipboard!
divot1338 05/14/22 6:02:33 PM #322:	Imit8m3 posted... https://gamefaqs.gamespot.com/a/user_image/4/1/1/AAZgIXAADO4z.jpg I have two questions about this tweet. One, what the fuck does that tweet mean? And two, with the price of beef what is in that hot dog that it only costs $1.50 with a 20 oz drink? --- Moustache twirling villian https://i.imgur.com/U3lt3H4.jpg- Kerbey <cite>divot1338 posted [p:965037057] in The crypto... [t:80017337]...</cite> <quote>Imit8m3 posted... </cite> <quote>https://gamefaqs.gamespot.com/a/user_image/4/1/1/AAZgIXAADO4z.jpg</quote>I have two questions about this tweet. One, what the fuck does that tweet mean? And two, with the price of beef what is in that hot dog that it only costs $1.50 with a 20 oz drink? </quote> ... Copied to Clipboard!
project_night 05/14/22 6:18:40 PM #323:	divot1338 posted... I have two questions about this tweet. One, what the fuck does that tweet mean? And two, with the price of beef what is in that hot dog that it only costs $1.50 with a 20 oz drink? Costco has been selling $1.50 hotdog combo since the 1980s despite inflation and has no plans on raising the price. It is basically a loss-leader for them. . <cite>project_night posted [p:965037362] in The crypto... [t:80017337]...</cite> <quote>divot1338 posted... </cite> <quote>I have two questions about this tweet. One, what the fuck does that tweet mean? And two, with the price of beef what is in that hot dog that it only costs $1.50 with a 20 oz drink?</quote> Costco has been selling $1.50 hotdog combo since the 1980s despite inflation and has no plans on raising the price. It is basically a loss-leader for them. . </quote> ... Copied to Clipboard!
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gmanthebest 05/14/22 6:25:17 PM #325:	HroHybridCards posted... Fake news since they got rid of the polish dogs. Wut? Still got them at mine --- A real man oughta be a little stupid. Ryuji Goda, Yakuza 2 <cite>gmanthebest posted [p:965037506] in The crypto... [t:80017337]...</cite> <quote>HroHybridCards posted... </cite> <quote>Fake news since they got rid of the polish dogs.</quote>Wut? Still got them at mine </quote> ... Copied to Clipboard!
HroHybridCards 05/14/22 6:27:20 PM #326:	gmanthebest posted... Wut? Still got them at mine They're regular beef hotdogs now; not polish dogs lol. Unless you live in the Twilight Zone or something. <cite>HroHybridCards posted [p:965037556] in The crypto... [t:80017337]...</cite> <quote>gmanthebest posted...</cite> <quote> Wut? Still got them at mine </quote> They're regular beef hotdogs now; not polish dogs lol. Unless you live in the Twilight Zone or something.</quote> ... Copied to Clipboard!
gmanthebest 05/14/22 6:51:08 PM #327:	HroHybridCards posted... They're regular beef hotdogs now; not polish dogs lol. Unless you live in the Twilight Zone or something. My Costco has a choice between all beef hotdogs and polish sausage --- A real man oughta be a little stupid. Ryuji Goda, Yakuza 2 <cite>gmanthebest posted [p:965038050] in The crypto... [t:80017337]...</cite> <quote>HroHybridCards posted... </cite> <quote>They're regular beef hotdogs now; not polish dogs lol. Unless you live in the Twilight Zone or something.</quote>My Costco has a choice between all beef hotdogs and polish sausage </quote> ... Copied to Clipboard!
DarkRoast 05/14/22 7:37:16 PM #328:	divot1338 posted... I have two questions about this tweet. One, what the fuck does that tweet mean? And two, with the price of beef what is in that hot dog that it only costs $1.50 with a 20 oz drink? The legendary Costco hotdog has been $1.50 since the dawn of time. And I know for a fact that it draws people into shopping at Costco because it does exactly that to me. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965039003] in The crypto... [t:80017337]...</cite> <quote>divot1338 posted... </cite> <quote>I have two questions about this tweet. One, what the fuck does that tweet mean? And two, with the price of beef what is in that hot dog that it only costs $1.50 with a 20 oz drink?</quote> The legendary Costco hotdog has been $1.50 since the dawn of time. And I know for a fact that it draws people into shopping at Costco because it does exactly that to me. </quote> ... Copied to Clipboard!
MegaManXYZ123 05/14/22 7:37:57 PM #329:	Seems to be coming bax --- Desktop: Ryzen 7 5800X / MSI RTX 3070 Ti - Laptop: Apple MBP 16" 2019 i7 AMD 5500M - Phone: Galaxy Fold 3 Phantom Green Now Playing: Elden Ring /// 462 <cite>MegaManXYZ123 posted [p:965039015] in The crypto... [t:80017337]...</cite> <quote>Seems to be coming bax </quote> ... Copied to Clipboard!
DarkRoast 05/15/22 11:42:27 AM #330:	Shadow Don posted... Call me when that person turns that 750k into actual dollars. Until then it's worth less than a toilet flush. https://gamefaqs.gamespot.com/a/user_image/8/6/8/AAeEwGAADO_8.jpg The only toilet flush is what happened to his $750k after nobody bought it https://gamefaqs.gamespot.com/a/user_image/8/6/9/AAeEwGAADO_9.jpg Judging by the complete lack of trades in the past three days - I doubt it If you had $6,000,000 in Terra Luna a month ago, it'd be worth $1... If you could sell it. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965051704] in The crypto... [t:80017337]...</cite> <quote>Shadow Don posted... </cite> <quote>Call me when that person turns that 750k into actual dollars. Until then it's worth less than a toilet flush.</quote> https://gamefaqs.gamespot.com/a/user_image/8/6/8/AAeEwGAADO_8.jpg The only toilet flush is what happened to his $750k after nobody bought it https://gamefaqs.gamespot.com/a/user_image/8/6/9/AAeEwGAADO_9.jpg Judging by the complete lack of trades in the past three days - I doubt it If you had $6,000,000 in Terra Luna a month ago, it'd be worth $1... If you could sell it. </quote> ... Copied to Clipboard!
DarkRoast 05/15/22 12:55:03 PM #331:	Just want to point out that crypto isn't technically a bubble. It's really more like a very prolonged Ponzi scheme, that will be perpetuated as long as there are buyers. The problem with such a scheme is that the moment liquidity is disrupted, it collapses. All the magical thinking and jargon in the world doesn't change the fact that even the stability of the blockchain itself depends on speculation. If a currency is devalued enough, it's no longer worth mining, which decreases liquidity, which causes a sell off. The reason cryptocurrencies often have weird cult-like followings is because they need people willing to buy huge amounts of coins whenever the price drops, which promotes the false idea that buying low makes you fortune. It can, as long as you're not the last person in the scheme. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965053001] in The crypto... [t:80017337]...</cite> <quote>Just want to point out that crypto isn't technically a bubble. It's really more like a very prolonged Ponzi scheme, that will be perpetuated as long as there are buyers. The problem with such a scheme is that the moment liquidity is disrupted, it collapses. All the magical thinking and jargon in the world doesn't change the fact that even the stability of the blockchain itself depends on speculation. If a currency is devalued enough, it's no longer worth mining, which decreases liquidity, which causes a sell off. The reason cryptocurrencies often have weird cult-like followings is because they need people willing to buy huge amounts of coins whenever the price drops, which promotes the false idea that buying low makes you fortune. It can, as long as you're not the last person in the scheme. </quote> ... Copied to Clipboard!
SquantoZ 05/15/22 12:56:44 PM #332:	I'd argue that the entire stock market is a bit of a prolonged ponzi scheme too though --- "Context Matters" <cite>SquantoZ posted [p:965053036] in The crypto... [t:80017337]...</cite> <quote>I'd argue that the entire stock market is a bit of a prolonged ponzi scheme too though </quote> ... Copied to Clipboard!
DarkRoast 05/15/22 12:58:41 PM #333:	SquantoZ posted... I'd argue that the entire stock market is a bit of a prolonged ponzi scheme too though They never were and never will be remotely comparable. Cryptocurrency is 100% speculation, with literally no value behind it. It's not even valuable as a currency, let alone a commodity. Stocks at least represent percentages of a company. Cryptocurrency only has value through pure speculation. That is, by definition, what a real Ponzi scheme is. If you pull out of a Ponzi before it collapses, you're merely shifting the final devastating collapse to someone else. It's basically financial hot potato. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965053085] in The crypto... [t:80017337]...</cite> <quote>SquantoZ posted... </cite> <quote>I'd argue that the entire stock market is a bit of a prolonged ponzi scheme too though</quote> They never were and never will be remotely comparable. Cryptocurrency is 100% speculation, with literally no value behind it. It's not even valuable as a currency, let alone a commodity. Stocks at least represent percentages of a company. Cryptocurrency only has value through pure speculation. That is, by definition, what a real Ponzi scheme is. If you pull out of a Ponzi before it collapses, you're merely shifting the final devastating collapse to someone else. It's basically financial hot potato. </quote> ... Copied to Clipboard!
MarthGoomba 05/15/22 1:20:14 PM #334:	DarkRoast posted... Stocks at least represent percentages of a company What about PoS blockchains with governance? More coins held = more voting power on proposals --- https://i.imgur.com/m6Rgs8D.jpg https://i.imgur.com/qUMZhdW.jpg https://i.imgur.com/LACtH6q.jpg <cite>MarthGoomba posted [p:965053544] in The crypto... [t:80017337]...</cite> <quote>DarkRoast posted... </cite> <quote>Stocks at least represent percentages of a company</quote>What about PoS blockchains with governance? More coins held = more voting power on proposals </quote> ... Copied to Clipboard!
HA4e 05/15/22 1:20:46 PM #335:	Panic sell everything! --- "They don't decide who you are, you do. You are who you choose to be." Time to destroy everybody with cringe. UwU <cite>HA4e posted [p:965053554] in The crypto... [t:80017337]...</cite> <quote>Panic sell everything! </quote> ... Copied to Clipboard!
DarkRoast 05/15/22 1:22:47 PM #336:	MarthGoomba posted... What about PoS blockchains with governance? More coins held = more voting power on proposals You're still not owning anything. If a coin is operated by a company that profits off the existence of a coin, and that coin gives you voting power based on percentage owned, it's effectively a stock but without intrinsic value. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965053593] in The crypto... [t:80017337]...</cite> <quote>MarthGoomba posted... </cite> <quote>What about PoS blockchains with governance? More coins held = more voting power on proposals</quote> You're still not owning anything. If a coin is operated by a company that profits off the existence of a coin, and that coin gives you voting power based on percentage owned, it's effectively a stock but without intrinsic value. </quote> ... Copied to Clipboard!
SHRlKE 05/15/22 4:05:03 PM #337:	Ive realised that @DarkRoast is never going to answer my question. I get the feeling she just likes to repeat stuff shes seen elsewhere because if you try and engage in an actual discussion there is very little depth to her knowledge. <cite>SHRlKE posted [p:965056511] in The crypto... [t:80017337]...</cite> <quote>Ive realised that @DarkRoast is never going to answer my question. I get the feeling she just likes to repeat stuff shes seen elsewhere because if you try and engage in an actual discussion there is very little depth to her knowledge. </quote> ... Copied to Clipboard!
DarkRoast 05/15/22 4:06:09 PM #338:	SHRlKE posted... Ive realised that @DarkRoast is never going to answer my question. I get the feeling she just likes to repeat stuff shes seen elsewhere because if you try and engage in an actual discussion there is very little depth to her knowledge. Welcome to the world of Crypto. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965056543] in The crypto... [t:80017337]...</cite> <quote>SHRlKE posted... </cite> <quote>Ive realised that @DarkRoast is never going to answer my question. I get the feeling she just likes to repeat stuff shes seen elsewhere because if you try and engage in an actual discussion there is very little depth to her knowledge.</quote> Welcome to the world of Crypto. </quote> ... Copied to Clipboard!
HroHybridCards 05/15/22 4:06:12 PM #339:	^bingo <cite>HroHybridCards posted [p:965056546] in The crypto... [t:80017337]...</cite> <quote>^bingo</quote> ... Copied to Clipboard!
AceMos 05/15/22 6:41:26 PM #340:	DarkRoast posted... Nobody's arguing against blockchain technology. i am because it does not do anything and is harmful tot he enviroment --- 3 things 1. i am female 2. i havea msucle probelm its hard for me to typ well 3.does her janpuu dance <cite>AceMos posted [p:965059991] in The crypto... [t:80017337]...</cite> <quote>DarkRoast posted... </cite> <quote>Nobody's arguing against blockchain technology.</quote>i am because it does not do anything and is harmful tot he enviroment </quote> ... Copied to Clipboard!
DarkRoast 05/15/22 8:26:17 PM #341:	The problem with talking about blockchain stuff is that crypto fans treated with an almost religious reverence. It's bizarre. In reality, it's not that much different than torrent technology. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965062149] in The crypto... [t:80017337]...</cite> <quote>The problem with talking about blockchain stuff is that crypto fans treated with an almost religious reverence. It's bizarre. In reality, it's not that much different than torrent technology. </quote> ... Copied to Clipboard!
whitelytning 05/15/22 8:31:10 PM #342:	DarkRoast posted... The problem with talking about blockchain stuff is that crypto fans treated with an almost religious reverence. It's bizarre. In reality, it's not that much different than torrent technology. The crypto fans arent the ones that keep bumping this thread, avoiding answering questions or discussing things, and repeating the same nonsense over and over to try to get people to argue with. You are doing that. --- ************************************************ http://i.imgur.com/iZdWIKJ.jpg <cite>whitelytning posted [p:965062261] in The crypto... [t:80017337]...</cite> <quote>DarkRoast posted... </cite> <quote>The problem with talking about blockchain stuff is that crypto fans treated with an almost religious reverence. It's bizarre. In reality, it's not that much different than torrent technology.</quote> The crypto fans arent the ones that keep bumping this thread, avoiding answering questions or discussing things, and repeating the same nonsense over and over to try to get people to argue with. You are doing that. </quote> ... Copied to Clipboard!
SHRlKE 05/15/22 10:06:54 PM #343:	DarkRoast posted... The problem with talking about blockchain stuff is that crypto fans treated with an almost religious reverence. It's bizarre. In reality, it's not that much different than torrent technology. i have already asked you about this and you have admitted you dont know what you are talking about. At this point I am tending to think you are a bot due to the massive amount of non-sequiturs you make. <cite>SHRlKE posted [p:965064558] in The crypto... [t:80017337]...</cite> <quote>DarkRoast posted... </cite> <quote>The problem with talking about blockchain stuff is that crypto fans treated with an almost religious reverence. It's bizarre. In reality, it's not that much different than torrent technology.</quote> i have already asked you about this and you have admitted you dont know what you are talking about. At this point I am tending to think you are a bot due to the massive amount of non-sequiturs you make. </quote> ... Copied to Clipboard!
DarkRoast 05/15/22 10:08:28 PM #344:	You mean other than it's an immutable shared ledger system that requires complex calculations that become progressively more compute intensive as transactions occur? It naturally evolved out of earlier torrent systems, but the key advantage being that the people facilitating the transactions are incentivized by doing so. The fundamental flaw with torrents being that everyone wants to download but nobody wants to upload. In a blockchain, being a part of the blockchain itself is rewarded. It's actually very clever, however I disagree with how cryptocurrency uses a logarithmic compute requirement to mine more coins. It has created a compute arms race for a dwindling supply of new available currency. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965064592] in The crypto... [t:80017337]...</cite> <quote>You mean other than it's an immutable shared ledger system that requires complex calculations that become progressively more compute intensive as transactions occur? It naturally evolved out of earlier torrent systems, but the key advantage being that the people facilitating the transactions are incentivized by doing so. The fundamental flaw with torrents being that everyone wants to download but nobody wants to upload. In a blockchain, being a part of the blockchain itself is rewarded. It's actually very clever, however I disagree with how cryptocurrency uses a logarithmic compute requirement to mine more coins. It has created a compute arms race for a dwindling supply of new available currency. </quote> ... Copied to Clipboard!
LordRazziel 05/15/22 10:11:25 PM #345:	Arguing over crypto for 4 days... https://i.imgur.com/loJ0eNd.gifv --- https://i.imgtc.com/xg91pMF.gif https://i.imgtc.com/YvvIsuz.gif. On really romantic evenings of self, I go salsa dancing with my confusion. <cite>LordRazziel posted [p:965064668] in The crypto... [t:80017337]...</cite> <quote>Arguing over crypto for 4 days... https://i.imgur.com/loJ0eNd.gifv </quote> ... Copied to Clipboard!
SHRlKE 05/16/22 2:53:58 AM #347:	DarkRoast posted... You mean other than it's an immutable shared ledger system that requires complex calculations that become progressively more compute intensive as transactions occur? It naturally evolved out of earlier torrent systems, but the key advantage being that the people facilitating the transactions are incentivized by doing so. The fundamental flaw with torrents being that everyone wants to download but nobody wants to upload. In a blockchain, being a part of the blockchain itself is rewarded. It's actually very clever, however I disagree with how cryptocurrency uses a logarithmic compute requirement to mine more coins. It has created a compute arms race for a dwindling supply of new available currency. I just assumed crypto was an application of blockchain. Not that they are one and the same. Is that not the case? Can you really use the terms interchangeably? <cite>SHRlKE posted [p:965068830] in The crypto... [t:80017337]...</cite> <quote>DarkRoast posted... </cite> <quote>You mean other than it's an immutable shared ledger system that requires complex calculations that become progressively more compute intensive as transactions occur? It naturally evolved out of earlier torrent systems, but the key advantage being that the people facilitating the transactions are incentivized by doing so. The fundamental flaw with torrents being that everyone wants to download but nobody wants to upload. In a blockchain, being a part of the blockchain itself is rewarded. It's actually very clever, however I disagree with how cryptocurrency uses a logarithmic compute requirement to mine more coins. It has created a compute arms race for a dwindling supply of new available currency.</quote> I just assumed crypto was an application of blockchain. Not that they are one and the same. Is that not the case? Can you really use the terms interchangeably? </quote> ... Copied to Clipboard!
Lion_of_Gemini 05/16/22 6:48:42 PM #348:	When is this bullshit going to finally end? --- The most powerful force in the universe is love <cite>Lion_of_Gemini posted [p:965085999] in The crypto... [t:80017337]...</cite> <quote>When is this bullshit going to finally end? </quote> ... Copied to Clipboard!
008Zulu 05/17/22 3:07:03 AM #349:	Lion_of_Gemini posted... When is this bullshit going to finally end? I think when people are able to earn a stable and livable income, is when they will stop resorting to get rich quick schemes. --- If you're not smart enough to survive, you are basically just food for something smarter. <cite>008Zulu posted [p:965094892] in The crypto... [t:80017337]...</cite> <quote>Lion_of_Gemini posted... </cite> <quote>When is this bullshit going to finally end?</quote>I think when people are able to earn a stable and livable income, is when they will stop resorting to get rich quick schemes. </quote> ... Copied to Clipboard!
SHRlKE 05/17/22 1:24:21 PM #350:	008Zulu posted... I think when people are able to earn a stable and livable income, is when they will stop resorting to get rich quick schemes. never then <cite>SHRlKE posted [p:965103311] in The crypto... [t:80017337]...</cite> <quote>008Zulu posted... </cite> <quote>I think when people are able to earn a stable and livable income, is when they will stop resorting to get rich quick schemes.</quote> never then </quote> ... Copied to Clipboard!
nurlen 05/17/22 1:35:27 PM #351:	SHRlKE posted... I just assumed crypto was an application of blockchain. Not that they are one and the same. Is that not the case? Can you really use the terms interchangeably? They are not the same thing --- This is a good angle for you, touriantourist. Great nostrils. Can I get a longer brush! <cite>nurlen posted [p:965103508] in The crypto... [t:80017337]...</cite> <quote>SHRlKE posted... </cite> <quote>I just assumed crypto was an application of blockchain. Not that they are one and the same. Is that not the case? Can you really use the terms interchangeably? </quote>They are not the same thing </quote> ... Copied to Clipboard!
SHRlKE 05/17/22 4:33:46 PM #352:	nurlen posted... They are not the same thing I didnt think they were which was why I was confused by a lot of the posts from @DarkRoast conflating the two. <cite>SHRlKE posted [p:965107632] in The crypto... [t:80017337]...</cite> <quote>nurlen posted... </cite> <quote>They are not the same thing</quote> I didnt think they were which was why I was confused by a lot of the posts from @DarkRoast conflating the two. </quote> ... Copied to Clipboard!
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Current Events > The crypto bubble popped (+) Yeah! (+)

Current Events > The crypto bubble popped