Bitcoin

Elon's been busy with market manipulation this week. First his SNL appearance killed Dogecoin, and now this.

Predictably, the market quickly tanked.
I guess it might also mean to take advantage of the drops and scoop up a few. Musk said he'd reinstate bitcoin for Tesla if fuel emissions improve.
 
I put about $5 into DOGE not too long ago, it’s up to $20 now. :drunk:
I don’t expect it to do much, but I can handle losing $5 if that happens.
 

GasBandit

Staff member
I actually mined doge about 10 years ago. Gave up on it after it seemed to me that the amount I was generating wasn't keeping up with the electricity it was taking me to mine it.

Man, I wish I hadn't forgotten my wallet credentials >_<
 
This thread is a nice reminder that when crypto is finally dead and gone it will have never done an ounce of good.
I mean, it has a legitimate purpose, but then some people couldn't just use it as-is had to go and invent a way to monetize it.

--Patrick
 

figmentPez

Staff member
I mean, it has a legitimate purpose, but then some people couldn't just use it as-is had to go and invent a way to monetize it.
I'm confused, is there such a thing as non-monetized crypto-currency? I was under the impression that Bitcoin mining existed from the very start of the concept.
 
I'm confused, is there such a thing as non-monetized crypto-currency? I was under the impression that Bitcoin mining existed from the very start of the concept.
He probably means when it was a currency that you could theoretically use to buy stuff. Where as now it's entirely a bet on whether it will go up in value or down in value and you would be insane to use it as actual currency.
 

figmentPez

Staff member
He probably means when it was a currency that you could theoretically use to buy stuff. Where as now it's entirely a bet on whether it will go up in value or down in value and you would be insane to use it as actual currency.
Ah, okay. I would have described that as "commodification", but that might not be accurate either.
 

figmentPez

Staff member
I'm not talking about the currency so much as the blockchain concept itself.
Thanks for clarifying, but can you see how talking about "crypto" without specifying that you're NOT talking about crypt-currency is very confusing in a thread titled Bitcoin? I'd be willing to bet all the bitcoin I own that when Dubyamn said "crypto", he meant crytpo-currency, specifically. I've never heard blockchain as a whole concept referred to as "crypto" and I think it's pretty easy to see that someone tech savvy wouldn't be saying that cryptography has never done an ounce of good. You brought up a tangentially related subject but spoke about it as if it were the current subject at hand.
 
Thanks for clarifying, but can you see how talking about "crypto" without specifying that you're NOT talking about crypt-currency is very confusing in a thread titled Bitcoin? I'd be willing to bet all the bitcoin I own that when Dubyamn said "crypto", he meant crytpo-currency, specifically. I've never heard blockchain as a whole concept referred to as "crypto" and I think it's pretty easy to see that someone tech savvy wouldn't be saying that cryptography has never done an ounce of good. You brought up a tangentially related subject but spoke about it as if it were the current subject at hand.
I assumed he was talking about blockchain. Cryptocurrency is only a 'currency' because people tried to use it as such, and it was all downhill from there.
 
This thread is a nice reminder that when crypto is finally dead and gone it will have never done an ounce of good.
Crypto is the only way a lot of people are able to send money to their family in Gaza since it's the only type of e-transfer of currency that Israel hasn't blocked. I read a lot of people pissed at Elon for destabilizing things.
 
can you see how talking about "crypto" without specifying that you're NOT talking about crypt-currency is very confusing in a thread titled Bitcoin? [...] You brought up a tangentially related subject but spoke about it as if it were the current subject at hand.
Uh, blockchain is hardly tangential to bitcoin. That'd be like saying bread is tangential to toast.

--Patrick
 

figmentPez

Staff member
Uh, blockchain is hardly tangential to bitcoin. That'd be like saying bread is tangential to toast.
YES, the generalities of bread is tangential to toast! Saying "but then some people couldn't just use it as-is had to go and invent a way to brown the outside of it" in response to someone saying that "toast has never done a good thing for anyone" in a thread all about the different types of toast, named after a specific type of toast. You have gone from a specific point to a connected but more general subject.

If people were talking about graphics cards, coming out of nowhere and talking about all types of computer chips would be a tangent. If people were talking about t-shirts, then responding to a comment about t-shirts with a comment about all fabrics, that would be a tangent. You would have gone off from a specific point and taken the conversation in another direction. That's why it's called a tangent!

You know what. I'm not going to get into another argument with you. It's just pissing me off again.
 
YES, the generalities of bread is tangential to toast! Saying "but then some people couldn't just use it as-is had to go and invent a way to brown the outside of it" in response to someone saying that "toast has never done a good thing for anyone" in a thread all about the different types of toast, named after a specific type of toast. You have gone from a specific point to a connected but more general subject.

If people were talking about graphics cards, coming out of nowhere and talking about all types of computer chips would be a tangent. If people were talking about t-shirts, then responding to a comment about t-shirts with a comment about all fabrics, that would be a tangent. You would have gone off from a specific point and taken the conversation in another direction. That's why it's called a tangent!

You know what. I'm not going to get into another argument with you. It's just pissing me off again.
I don't know what's going on with you Pez, but you might need to take a break or something.
 
Yeah, I don't know why you're so reactive to PatrThom's posts lately.
I mean, in this thread, I agree with you that he should've been clearer - I had to think and realize he meant blockchain being turned into cryptocurrency before his comment made sense - but you seem to be taking every bit of pedantry or being (im-)precise for fun or to move discussion around as a personal attack on your belief system and self.
We're all facing stress and life sucks in a variety of ways at the moment. I don't know what is pushing you right now, but please try to find a way to cool down - fighting on here definitely won't do it.
 
I'm not going to get into another argument with you. It's just pissing me off again.
I'm not actively looking for a lengthy argument, nor am I actively trolling or deliberately trying to get any more rise out of you than the sort of general teasing and bickering we usually do around here. Buuut...
I agree with you that he should've been clearer [...] but you seem to be taking every bit of pedantry or being (im-)precise for fun or to move discussion around as a personal attack on your belief system and self.
...I know I'm frequently not clear, mostly because the stuff that I think will be immediately obvious to others...isn't, but over these last few days it really feels like instead of engaging me because you are puzzled at what I am saying/where I am coming from and want to genuinely uncover some clarification, you have specifically been singling me out and disparaging my comments (across multiple threads, even) not to educate nor further the discussion, but instead as justification and ammunition to attack my personal character, which is honestly very puzzling to me, and apparently to others as well. And since you do not currently appear to be embroiled in an interpersonal vendetta with any of the other forumites at the moment, I have to wonder: Why me?

Significantly, this is nowhere near the first time the two of us (i.e., you and I specifically) boil down to butting heads over minutiae, and unless I am remembering things incorrectly (always a possibility), it has always been you who initiates these sessions and then aggressively harangue me with the goal of...I'm not sure what the end goal is, exactly. It does mean, though, that we now have enough data points to fit a curve over them, and what that curve says is that there has to be something specifically ABOUT ME that must be triggering YOU, because there can't be any other possible explanation. If it were all because of your attitude, then you'd be fighting with more than just me, and if it were all on my end, then I'd be the one with multiple quarrels. But neither of these is the case, so again I have to ask: Why me? Do you even know? Or is this some kind of subconscious thing? What is it about me that ignites such wrath in you? I honestly don't know. But I'd like to.

--Patrick
 

figmentPez

Staff member
Massive bitcoin mine discovered in UK after police raid suspected cannabis farm

"The mine was stealing thousands of pounds worth of electricity from the mains supply, police said."

Due to the number of people coming and going, all the wiring and ventilation, and the large amount of heat coming from the place, police assumed it was a marijuana farm.

"However, officers found a bank of around 100 computers and zero cannabis on entering the building."
 
If you have to put "safe" and "stable" in your name, you probably aren't.
Post automatically merged:

Hi, I'm Tonald Drump, and I'm asking you to vote for the Trustworthy Honest Party! We're reliable! We're real! We promise!
 
If you have to put "safe" and "stable" in your name, you probably aren't.
Post automatically merged:

Hi, I'm Tonald Drump, and I'm asking you to vote for the Trustworthy Honest Party! We're reliable! We're real! We promise!
I mean you kid but you also just got 45% of the vote
 
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