i was looking into this for reasons i would rather not discuss
and then the next day, after i made my 1st buy of bitcoin, a wise person, in a high position, at my employer (automaker), talked about the math and science underlying this digital currency
this made it legit in my mind
check the price history of ethereum - oh my!
if you choose to invest with my link above, and request i donate the $10 to kiva, consider it done
Perhaps @Thumperchick should weigh in, but, even though you are an established member of the community, this feels like promotional spam. You made a short thread soliciting people to sign up for coinbase via your referrer link, there’s no real discussion here at all or anything, just a short plug encouraging people to use your referrer link to your benefit (and theirs but that’s beside the point, that’s usually the way these referrer links work anyhow) and that’s about it. I wouldn’t mind if you’d made a nice thread talking about cryptocurrency and the massive gains (and losses) being made on the market right now (something we could actually discuss) and put an “oh by the way if you’re looking to get involved with crypto coinbase is a great place to start and if you use my referrer link we both get $10 in free bitcoin” at the end, but that’s not what you did.
@Yoda_Daenerys if that’s what you decide to do I’m sorry to hear it but I don’t apologize for what I said. If you can’t handle people not liking something you’ve done I’m not sure what to tell you.
my intention was other than what you supposed, but i toats mcgoats get your vibe
so for those that may want to look into what was my original intent, don’t use my link - just google digital currency and check it out for yourself
if you want a more substantial discussion, we can talk about the meaning of immutable and deterministic, which are both critical to the “believe” in digital currency that has contributed to the “stock price” skyrocketing.
i really don’t give a *&%$ about the $10 referral.
good luck
(EDIT - oh yea @TChick - go ahead and delete my link, no worries)
If someone wanted to invest large amounts in these, it’s best to dollar-cost average, so you buy more when it’s cheaper. Instead of buying $X all at once, buy $Y (Y≪X) at the same time every week or month. This can be set up automatically at Coinb…err, at at least one popular exchange which shall remain nameless.
Bitcoin is, y’know, bitcoin, but I gotta say I have turned $20 into $70.13 with it (over the course of 3 years) (would’ve been $117 right now if I hadn’t pulled some out early) and I am a financial idiot so that’s… something I guess
@Yoda_Daenerys Since buying my first bit of bitcoin in 2014, I have put in $40, withdrawn $49, and I still have $143 as of right now.
Had I never withdrawn any though, my original $20 investment would be $608 right now. So, I am kicking myself, but not for not buying.
@Moose Okay… I have this debit card (from Shift Financial) that withdraws from Coinbase. I used to use it occasionally, mostly for groceries and stupid stuff.
A fun game I’ve been doing lately is looking at old transactions and calculating the present value. For example, I have an otherwise unremarkable Google Cardboard viewer that I paid roughly $750 for. And some groceries that I paid… oh god.
I won’t be having any grandchildren. My (fur)children have been fixed. I’m interested in bitcoin, though, and would love to read some educated folks’ pros and cons on the matter. I don’t understand at all why it appreciates in value, for example. I thought only finite resources generally increased in value.
@moondrake are ewe saying wee ain’t edumacted enuff?
there is no shortage of opinions on bitcoin being published at the moment
Bitcoin is like gold in many ways. Like gold, Bitcoin cannot simply be created arbitrarily. … Linked with this process is the stipulation set forth by the founders of Bitcoin that, like gold, it have a limited and finite supply. In fact, there are only 21 million Bitcoins that can be mined in total. - Jun 8, 2017
@moondrake Although the amount of bitcoin is controlled and will eventually become unchanged, there’s really no justification for it to have any particular value so only put in money you are willing to lose.
@moondrake seconding @awk. Think of it as more of a gamble than an investment and you’ll have a good time.
Don’t be like this guy who lost half of his $750,000 inheritance because he was a dumbass. (By the way, his 250 bitcoins that he bought for $208,000 would be $3,357,000 today)
@moondrake There are regulatory issues (as in they haven’t caught up to the reality of cyber currency). This discusses that issue (disclaimer I know little about this kind of “money” other than it is used by big companies to pay small farmers in rural third world countries), and might help you understand this a bit better. It helped me anyway.
I started mining bitcoin in mid-late 2014 when the first USB ASICs came out; my investment was, at best,miserly; two USB ASIC units run by a Raspberry Pi. That system earned just under 6 bitcents (.06 BTC) to date, but .025 was stolen by a pool when it shut down without notice. Not bad for 2.6 GHash/sec.
Should have just spent the money on BTC; I’ve got about $60 in hardware (not counting the RasPi which is used for other things); had I bought 0.22 bitcoin in 2014 instead I’d have $3100 worth now. Less fun but a heck of a lot more useful
Much of the the theory (the tiny portions I’ve read) behind Bitcoin seems potentially fine.
No idea if it’s a sustainable value or currency tho.
“Rational self-interest” and “optimal economic behavior” are both far too irrational and suboptimal for a resulting decent economic prediction.
Oh well.
@moondrake:
things have economic value in a potential exchange when a party who might want that item thinks the item has potential value, and wants some.
IE, often “fuck all irrational”.
Furthermore, modern econ is still an infant science. (imho)
@Yoda_Daenerys by the way, I recently got $10 in bitcoin from using your referral link long ago. It works for any kind of crypto currency. (not just bitcoin) I bought $50 in litecoin, some bitcoin, and some ether. I transferred some out so I could buy some IOTA on a different site. I think those transactions are what caused me to hit the $100 requirement for the referral. I saw the email about the free $10 and I couldn’t remember who referred me. Thanks.
i was looking into this for reasons i would rather not discuss
and then the next day, after i made my 1st buy of bitcoin, a wise person, in a high position, at my employer (automaker), talked about the math and science underlying this digital currency
this made it legit in my mind
check the price history of ethereum - oh my!
if you choose to invest with my link above, and request i donate the $10 to kiva, consider it done
/image good luck
Perhaps @Thumperchick should weigh in, but, even though you are an established member of the community, this feels like promotional spam. You made a short thread soliciting people to sign up for coinbase via your referrer link, there’s no real discussion here at all or anything, just a short plug encouraging people to use your referrer link to your benefit (and theirs but that’s beside the point, that’s usually the way these referrer links work anyhow) and that’s about it. I wouldn’t mind if you’d made a nice thread talking about cryptocurrency and the massive gains (and losses) being made on the market right now (something we could actually discuss) and put an “oh by the way if you’re looking to get involved with crypto coinbase is a great place to start and if you use my referrer link we both get $10 in free bitcoin” at the end, but that’s not what you did.
@jbartus you have inspired me to drop VMP and leave the community
i have been encouraged by family members to choose this path for some time now, it feels right now
much appreciation
@Yoda_Daenerys if that’s what you decide to do I’m sorry to hear it but I don’t apologize for what I said. If you can’t handle people not liking something you’ve done I’m not sure what to tell you.
no disagreement here, in the words of jim carrey
/giphy click click deleted
my intention was other than what you supposed, but i toats mcgoats get your vibe
so for those that may want to look into what was my original intent, don’t use my link - just google digital currency and check it out for yourself
if you want a more substantial discussion, we can talk about the meaning of immutable and deterministic, which are both critical to the “believe” in digital currency that has contributed to the “stock price” skyrocketing.
i really don’t give a *&%$ about the $10 referral.
good luck
(EDIT - oh yea @TChick - go ahead and delete my link, no worries)
If someone wanted to invest large amounts in these, it’s best to dollar-cost average, so you buy more when it’s cheaper. Instead of buying $X all at once, buy $Y (Y≪X) at the same time every week or month. This can be set up automatically at Coinb…err, at at least one popular exchange which shall remain nameless.
Bitcoin is, y’know, bitcoin, but I gotta say I have turned $20 into $70.13 with it (over the course of 3 years) (would’ve been $117 right now if I hadn’t pulled some out early) and I am a financial idiot so that’s… something I guess
@Moose
/giphy ballin out of control
@moose @djslack @awk just go ahead and kick yourself now if you didn’t jump in, my investment is 5x since june 2017
/giphy kick in the pants
/youtube kick in the pants
@Yoda_Daenerys Since buying my first bit of bitcoin in 2014, I have put in $40, withdrawn $49, and I still have $143 as of right now.
Had I never withdrawn any though, my original $20 investment would be $608 right now. So, I am kicking myself, but not for not buying.
@Moose for not buying enough?
@Yoda_Daenerys
sometimes
/giphy I kick myself
sometimes
/giphy I pinch myself
@Yoda_Daenerys that, but really for ever withdrawing any money.
@Moose Okay… I have this debit card (from Shift Financial) that withdraws from Coinbase. I used to use it occasionally, mostly for groceries and stupid stuff.
A fun game I’ve been doing lately is looking at old transactions and calculating the present value. For example, I have an otherwise unremarkable Google Cardboard viewer that I paid roughly $750 for. And some groceries that I paid… oh god.
@awk umm I think you need to define “fun”…
https://gizmodo.com/man-who-threw-away-a-fortune-in-bitcoin-now-looking-to-1820994313
@mflassy i wonder if the source of that story is the same as for this? link
I won’t be having any grandchildren. My (fur)children have been fixed. I’m interested in bitcoin, though, and would love to read some educated folks’ pros and cons on the matter. I don’t understand at all why it appreciates in value, for example. I thought only finite resources generally increased in value.
@moondrake are ewe saying wee ain’t edumacted enuff?
there is no shortage of opinions on bitcoin being published at the moment
Bitcoin is like gold in many ways. Like gold, Bitcoin cannot simply be created arbitrarily. … Linked with this process is the stipulation set forth by the founders of Bitcoin that, like gold, it have a limited and finite supply. In fact, there are only 21 million Bitcoins that can be mined in total. - Jun 8, 2017
@moondrake Although the amount of bitcoin is controlled and will eventually become unchanged, there’s really no justification for it to have any particular value so only put in money you are willing to lose.
@moondrake seconding @awk. Think of it as more of a gamble than an investment and you’ll have a good time.
Don’t be like this guy who lost half of his $750,000 inheritance because he was a dumbass. (By the way, his 250 bitcoins that he bought for $208,000 would be $3,357,000 today)
@moondrake There are regulatory issues (as in they haven’t caught up to the reality of cyber currency). This discusses that issue (disclaimer I know little about this kind of “money” other than it is used by big companies to pay small farmers in rural third world countries), and might help you understand this a bit better. It helped me anyway.
https://www.nytimes.com/2021/01/30/business/dealbook/crypto-regulation-blockchain.html
My IOTA investment has already doubled in value. Just gotta wait a few years and I’ll be a thousandaire!
I started mining bitcoin in mid-late 2014 when the first USB ASICs came out; my investment was, at best,miserly; two USB ASIC units run by a Raspberry Pi. That system earned just under 6 bitcents (.06 BTC) to date, but .025 was stolen by a pool when it shut down without notice. Not bad for 2.6 GHash/sec.
Should have just spent the money on BTC; I’ve got about $60 in hardware (not counting the RasPi which is used for other things); had I bought 0.22 bitcoin in 2014 instead I’d have $3100 worth now. Less fun but a heck of a lot more useful
$14390 per BTC as I post this
$17109.99 per BTC as of the time of this post.
@duodec 37,862.70 as of the time of this post.
Much of the the theory (the tiny portions I’ve read) behind Bitcoin seems potentially fine.
No idea if it’s a sustainable value or currency tho.
“Rational self-interest” and “optimal economic behavior” are both far too irrational and suboptimal for a resulting decent economic prediction.
Oh well.
@moondrake:
things have economic value in a potential exchange when a party who might want that item thinks the item has potential value, and wants some.
IE, often “fuck all irrational”.
Furthermore, modern econ is still an infant science. (imho)
https://en.m.wikipedia.org/wiki/Tulip_mania
https://en.m.wikipedia.org/wiki/South_Sea_Company
https://en.m.wikipedia.org/wiki/Hindsight_bias
Bitcoin might be quite legit long term. Or not. Short term also quite unpredictable.
i sold today, to re-coupe my initial investment, now if it all goes in the shitter, i won’t give two shits
/youtube kings partyitis
made it into the top page again, it’s been while
/image bean a while
/youtube it’s been a while
/giphy been a little while
@Yoda_Daenerys by the way, I recently got $10 in bitcoin from using your referral link long ago. It works for any kind of crypto currency. (not just bitcoin) I bought $50 in litecoin, some bitcoin, and some ether. I transferred some out so I could buy some IOTA on a different site. I think those transactions are what caused me to hit the $100 requirement for the referral. I saw the email about the free $10 and I couldn’t remember who referred me. Thanks.
@medz lol, just saw this - not sure i ever got the referral bump, but if i did - thanks!
/youtube but if i did
/giphy thanks
/image tanks
/8ball “did i get it?”
Signs point to yes