You are receiving this message because you posted in defense of Donald Trump. I no longer provide individual responses on this matter. It has been my experience that Trump supporters are universally incapable of accepting verifiable truths about him and, by extension, themselves, thus rendering discussion pointless and, therefore, a waste of time.
I wish you all the best in your ongoing battle with reality.
yeah, this is my thought too. Those people telling everyone to calm down are loling behind the scenes. Creeptos are sad desperate people. I'd feel bad if these people would learn from the hundred other scams that have happened this year.
so this Bruno character designed the platform, was the only one with access to steal all the weird money things, then he stole all the weird money things...AND NO ONE ACTUALLY KNOW HIS REAL FUCKING NAME???
how can these people take themselves seriously?
"I left me car on the street with the keys in the ignition and a note saying "steal me" and then...someone stole it!! can you believe it?"
He apparently manages to be anonymous while also having a tragic backstory.
It is hard. Bruno had the back story of selling his furniture to fund the ICO misfortune so it's easy to feel for him and think he's giving everything he had to make the project succeed.
It’s likely significantly more than all the money you’ve made since 2015, let’s put it that way.
You’re letting all that salt get in the way of you realizing that crypto is the future of legitimate investment vehicles. It’s ok... same can be said for a lot of people.
Don’t let scams like the one in OP confuse you for believing they’re all scams. They’re not. Corporate media (aka Reddit) have a vested interest in getting unsuspecting people like yourself to think that.
TBH if you make more than a full working person yearly with what's supposed to be currency you either are gambling on it or putting insane amounts of cash that would be more profitable elsewhere.
AND the fact that you think of a currency in profit terms is proof of how bullshit the "crypto is the future" thing is. Only way for crypto to be useful is if central banks adopt the tecnology and absorb the costs.
First of all, it’s a technological advancement. If you know your Econ, you’ll know that a vacuum is created when a new tech is created. By getting in early, I’ve luckily been able to ride that vacuum through the price discovery period (which we’re still in). I didn’t invest “insane amounts of cash”, I invested reasonable amounts at the right times.
Secondly, I agree about looking at it in terms of profit isn’t the way to go, and I don’t. I’m about collecting Bitcoin and Ethereum (with a few other main competitors just to balance out the portfolio). I also have an index fund and a precious metals IRA that I invest in.
Out of all of those, my returns on crypto have been ridiculously higher than returns from literally any other investment vehicle. My first point being the reason for that.
And finally, central banks don’t need to adopt it... they simply will no longer exist. Bitcoin will act as the universal exchange rate for all currencies. No more IMF. No more central banks. No more human manipulation (in theory down the line, that is). Just a stable, calculable, deflationary currency unit.
You might now how to invest but you certainly have no idea on Economics if you long for a deflationary, unregulated, universal currency. Or that because there is no CB there will be no manipulation.
Also your "vacuum" thing is the bullshitiest version of a life cycle I've read in a long time.
The two things that go above every crypto apologist's head that absolutely kills your concept of crypto are a)Trade and b)Shocks. Look for literature about long term relationship between the current account and the exchange rate and tools for handling crisis and financial shocks.
Let me ask you, how much of what you just referenced applies to the internet...?
And overcoming the challenges of a deflationary currency are MUCH more solvable than overcoming the challenges of a manipulated inflationary currency. We can create incentives for investing through other vehicles than inflation. I trust that the internet will provide those solutions as well.
The internet has changed EVERYTHING we thought we knew. Most people, including economists, have yet to truly comprehend that.
Can you explain a little more what you mean by Trade and Shocks? I understand the concepts, just not clear on how you're applying them in this instance.
Appreciate having someone that actually knows Econ to discuss this with. Thanks for the replies thus far.
Let me ask you, how much of what you just referenced applies to the internet...?
So long as there's production involved and the exchange is done between different countries (or largely different regions, for that matter), it applies. You can't have one currency without having one state, in the long run. EU is a good example for this.
And overcoming the challenges of a deflationary currency are MUCH more solvable than overcoming the challenges of a manipulated inflationary currency.
They actually aren't, and I'm writing this from fucking Argentina. Deflation is a much, much worse thng that inflation because of how adjustments are done in the real world compared to the theoretical world. Long story short, it's easier for individuals to rise prices than to cut them, so adjustments done this way take longer and impact more on the economy.
Can you explain a little more what you mean by Trade and Shocks and how that "kills your concept of crypto"? I understand the terms, just not clear on how you're applying them in this instance.
Trade as in international trade, because of the previous two paragraphs. The current account would fuck countries over every single time because there is no exchange rate. All changes would be price changes done via deflation. Same with shocks. Negative shocks like the 2007 crisis will have to be absorbed entirely.
Basically to long for cryptos is to long for the Gold Standard in a world drastically bigger and more interconnected than that where it already failed. That's why we had Bretton-Woods. That's why B-W failed and now we are here.
To be clear, I understand that now Cryptos are a goldmine, just not for the reasons people think they are. Cryptos feed on people's hope that the price will go up and they'll cash out the dividends. There's no real component backing them up unlike actual currencies which have a country's GDP as backup (or source of stability, to not be ambiguous) and its principles are uncompatible with how the world works. The beest part of it is that there may be a time when the tech can be adopted by central banks, and that will be THE contribution of cryptocurrency.
You can't have one currency without having one state, in the long run. EU is a good example for this.
I never said one currency. It would be one universal exchange rate. All currencies would compete against bitcoin.
Deflation is a much, much worse thng that inflation because of how adjustments are done in the real world compared to the theoretical world. Long story short, it's easier for individuals to rise prices than to cut them, so adjustments done this way take longer and impact more on the economy.
Again, this is the old way of thinking. For example, we've never had a currency that could be (virtually) infinitely divisible.
In the end, supply and demand of labor and resources will always be there, so a need for a means of exchange will always be there. Unless I'm misunderstanding what your argument is here, in which case please elaborate.
Basically to long for cryptos is to long for the Gold Standard in a world drastically bigger and more interconnected than that where it already failed.
And why did it fail?? Boom... internet gold saves the day. Comparing the two as likely to fail for the same reasons is borderline disingenuous.
Cryptos feed on people's hope that the price will go up and they'll cash out the dividends. There's no real component backing them up unlike actual currencies which have a country's GDP as backup (or source of stability, to not be ambiguous) and its principles are uncompatible with how the world works. The beest part of it is that there may be a time when the tech can be adopted by central banks, and that will be THE contribution of cryptocurrency.
Genuinely curious... do you work for a bank? Or some kind of financial institution? You obviously know your econ, but don't seem to know much about Crypto (and I don't mean that to be insulting by any means, it just sounds like I'm talking to a banker that's so stuck in the old ways that they can't see what's coming down the pike).
Again, this is the old way of thinking. For example, we've never had a currency that could be (virtually) infinitely divisible.
This has nothing to do with the problem. The problem is individual decisions vs collective decisions.
Unless I'm misunderstanding what your argument is here, in which case please elaborate.
I won't because I feel like I made myself clear. It's not about absolute need, it's about relative competitiveness and how different price systems interact with each other.
And the gold standard isn't bad because of gold. It's bad because it forces a rigidity on something that's fluid. And the system adapts in the most painful way, always. Floating exchange rates meant understanding this and a crypto standard is a Stacy doll with a new hat.
You obviously know your econ, but don't seem to know much about Crypto
I didn't focus myself on banking (which has nothing to do with this) nor cryptos, but any advanced student in economics should be able to tell you it a very high risk phenomenon with no economic value other than as a massive, crowd funded research project.
You can put child porn on the internet... should we shut down the internet?
No, of course not. As unfortunate as it is, true freedom comes with caveats. We just need to vigilantly prosecute and stop people responsible for it.
It’s always going to be a big problem we’ll have to deal with. I just have faith that solutions will be realized that don’t compromise the integrity of the chain itself.
We certainly shouldn’t just throw the baby out with the bath water though, that’s for sure.
You just load up your wallet on your computer. The hardware is only used to create new transactions (just to sign them, actually). You can read your transactions just like everyone else can because they're all public information.
That’s not how Ledger’s work, not sure about whatever HW wallet you have. Sure the txID is on the public blockchain, but I have no way of accessing a way to find it without connecting me ledger.
Your wallet/addresses are basically public info (okay technically you can obfuscate addresses so they aren't obviously part of the same wallet but they're public when you use them).
My wallet software works just fine without my ledger being connected. There's a little icon with a red dot to show it's disconnected. If I try sending bitcoins it prompts me to connect my hardware wallet but I can still see all my transactions/balances (and so can everyone else, since it's a public ledger).
When I open my ledger software, I just get a gray screen that says "To begin, connect and unlock your Ledger Wallet." What you're describing sounds completely different. Do you have the Blue or something? I use a nano S
Maybe I’m ditzy and maybe I’m just stupid, but can someone explain this to me? I don’t really understand what exactly cryptocurrency is and what even gives it value. I also can’t make heads or tails of what, exactly, the drama is.
OK, imagine your standard wall street stock broker type.
Now imagine that this stock broker thinks of stocks the same way the most fanatical sports fan thinks of their team. Like absolutely obsessed and simultaneously deluded about it. They want to give their team money.
Now imagine this person's vape juice got replaced with paint thinner but they still made them big clouds.
So I guess I kinda get it. It basically has value bc the people that invest in it give it value. They do so by the virtue of backing it with actual money and from the fact that they want it, like it’s in demand.
So it’s fucked up to steal all that money, even if it was from retards. Do these people have any legal recourse? Can they get their money back? Theft is (obviously) a little different than a crash or an autism implosion. I will be going back over the threads and checking out the juicy drama. I guess the bad dude is Bruno? Did they give tens of thousands of dollars to a guy named Bruno? And it wasn’t even his real name.. he chose Bruno? And they don’t know the legal name?
Thanks for the mental picture. What I had wasn’t autistic enough, this is by far more appropriate. Holy shit I can’t believe these cunts gave this guy potentially hundreds of thousands and they didn’t even know his name.
It's numbers protected by encryption keys that would require the entire energy output of the sun to crack; unless someone simply tricks you into revealing your keys, then your money is gone.
Mathematically, and from a computer science or economics view, it's very interesting, but it's too hard for humans to deal with the security requirements for everyday transactions, with malware continually trying to steal your money.
cryptocurrency, like the name implies is a form of currency. Except, it is backed by no one instead of nation backed national currencies like USD, pounds, pesos, etc. Which is why many cryptocurrency coins tout the "decentralized" word everywhere.
bitcoin is the first one to implement this concept and got widespread acceptance worldwide.
How does bitcoin gets its value? It gets its value through many means: 1.) there are only limited bitcoins in existence.
2.) Its time consuming and needs heavy resources to "mine" bitcoin, which means it is also more valuable in the marketplace.
3.) Its a secure form of asset when you own your own (cryptographic) keys to the bitcoins.
It's just some digital bits who's uniqueness and value is protected by cryptography basically. Also a huge public ledger of transfers and transactions. Which is anonymous due because actual names are not listed.
I don’t really understand what exactly cryptocurrency is
It's like buying stock of a company, just in this case the company is the cryptocurrency.
what even gives it value
What gives any money in the world value? The times of being able to exchange your money to gold are over. Currently the value of money is determined by trust.
I also can’t make heads or tails of what, exactly, the drama is.
You can imagine cryptocurrency as a bank with everyone can watch the frontdoor and the transactions happening. So it's pretty much impossible to cheat. Sadly, they did not know that there was also a backdoor, so the one who build the bank went through the back door and took everything out without you realizing it and now all the money you invested is gone.
+1 i will have the confidence to buy again if you do this
Found this comment. There users are... well, I don't even want to spend my energy thinking about their mental state.
Basically no one knows who this Bruno CEO guy is but the rest of the developers say that they are honest. But couldn't Bruno just be a guy they made up? They still look innocent but they are now rich. And this guy gets all the blame while the users slowly return and the rest of the team prepares for a new Bruno attack from another guy they invented?
lol christ and they even do have the suicide hotline number posted. The creeptos are all millionaires I thought too, so this should only be a 1 lambo loss.
Duplicate blockchain process and declare a new digital currency
Hype it online and get buyers
Let it build up a bit
ZOMG WE GOT HACKED OH MAN this... this guy... oh we're so MAD at him! Ah man... well the money's all gone and it's totally untraceable... man we're so embarrassed but what can ya do now... jeez soz guys
Creeptos kinda do prove the theory that if you build it they will come. No need to prove anything. Just stay anonymous and give the coin a fancy name with white paper and they will come.
126 comments
1 SnapshillBot 2018-10-30
Hello.
You are receiving this message because you posted in defense of Donald Trump. I no longer provide individual responses on this matter. It has been my experience that Trump supporters are universally incapable of accepting verifiable truths about him and, by extension, themselves, thus rendering discussion pointless and, therefore, a waste of time.
I wish you all the best in your ongoing battle with reality.
Yours respectfully, a logical person.
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1 POST_BUSSY 2018-10-30
Now they want to place a bounty on the CEO who exit scammed.
> Mfw people are shocked that a product designed to be anonymous that's lead by an anonymous 'CEO' would exit scam.
1 horriblenutsslayer 2018-10-30
It’s quite funny to see boomers use cybersecurity jargon tbqh
1 FratboyGenius 2018-10-30
https://youtu.be/jENJvESb_hI One of my favourite griefing videos is basically just this.
1 DannyLee90 2018-10-30
"IP addresses are static to computers."
"IP ban his MAC address over the whole internet."
oh lawd
1 KBSuks 2018-10-30
“Let’s give some anonymous guy access to potentially millions of dollars worth of funny money.”
1 MissionNobody 2018-10-30
That's no way to talk about the head of the federal reserve.
1 ATissu 2018-10-30
imagine believing this 😡
1 Pol_Pots_Crockpot 2018-10-30
Ron Paul blessed this post
1 Cholestorol-kun 2018-10-30
Ben Bernanke saved the world
1 MissionNobody 2018-10-30
That's what they said about Sauron when he forged the rings.
1 Cholestorol-kun 2018-10-30
tfw no all powerful paper ring
1 youcanteatbullets 2018-10-30
True, if it were the Fed it would be trillions
1 ATissu 2018-10-30
Also be your own bank and stop trusting the governement fucking sheep
1 HORSECOCK_ENTHUSIAST 2018-10-30
>oysterbruno17 points·9 months ago
>We encourage legitimate criticism, but don't appreciate people going into extremes and calling us a 'scam'.
rly makes u think
1 SubatomicSeahorse 2018-10-30
i think the isn't a guy but the team making a fall guy(whos fake) and then they can maybe in a few months get a whats left($100,000 or more)
having their cake and eating it all the while taking suspicion off of them, they even got people saying sorry and apologizing to them for fuck's sake.
any thought? or could be a guy giving kickbacks. im saying don't trust these "managers" and CEOS who have zero accountability.
who would ever invest in these schemes after getting burnt time and time again, then again this time might be different.
1 AwanBros 2018-10-30
HODL till there's NoMo
1 Lysis10 2018-10-30
yeah, this is my thought too. Those people telling everyone to calm down are loling behind the scenes. Creeptos are sad desperate people. I'd feel bad if these people would learn from the hundred other scams that have happened this year.
1 tHeSiD 2018-10-30
This is good for bitcoin?
1 POST_BUSSY 2018-10-30
Yes. Additionally it's good for Dramacoin
1 tHeSiD 2018-10-30
My dramacoin value is low, I hope it increases..
1 ShitPsychologist 2018-10-30
I should buy in before the drama peaks.
1 fernguts 2018-10-30
Midterms are about to happen, and that always gives a boost to Dramacoin.
1 tHeSiD 2018-10-30
when is the result date??
1 Madness20 2018-10-30
Hodl. Dramacoin will certainly peak in 2020, 100% guarantee.
1 tHeSiD 2018-10-30
I don't belive you, look what happened to bitcoin
1 rationalhuckleberry 2018-10-30
And there's the inevitable suicide hotline number.
Any cryptosub should just have that number stickied, permanently.
1 Mat_The_49th 2018-10-30
I don't think any of these people can actually afford a rope.
1 rationalhuckleberry 2018-10-30
Are they too dumb to jump off the roof?
1 horriblenutsslayer 2018-10-30
Smh😡 Nothing is free, you commie! Go learn economics 😡
1 Alimentas 2018-10-30
It's not though, taxpayers will have to pay for the cleanup at the very least.
1 SuperiorExcess 2018-10-30
Or if you use a train your family will pay.
1 Ikea_Man 2018-10-30
lmao the suicide hotline being posted on crypto subs is like a running joke at this point
except it's real
1 Mat_The_49th 2018-10-30
PANIC. BUY. ONLY.
1 searingsky 2018-10-30
they deserve it tbh
1 Bluest_waters 2018-10-30
so this Bruno character designed the platform, was the only one with access to steal all the weird money things, then he stole all the weird money things...AND NO ONE ACTUALLY KNOW HIS REAL FUCKING NAME???
how can these people take themselves seriously?
"I left me car on the street with the keys in the ignition and a note saying "steal me" and then...someone stole it!! can you believe it?"
yes. yes I can.
1 Osterion 2018-10-30
He apparently manages to be anonymous while also having a tragic backstory.
Imagine believing this
1 Rank4WHOOP 2018-10-30
This just in, retarded boomers are retarded. More at 11.
1 LogicalSignal9 2018-10-30
There's not a single boomer alive, not one, that invests in crypto. This is a gen X/millenial abomination.
1 okedtsuj 2018-10-30
Anyone who invests in crypto deserves everything that's coming for him
1 bareballzthebitch 2018-10-30
It was probably still a decent amount of work for the $300-500K he made.
1 AlveolarPressure 2018-10-30
Plus he separated crypto idiots from their money, so it was really a public service
1 kanatakon 2018-10-30
Still, ~$400k for a year of work is quite the pretty penny
1 80BAIT08 2018-10-30
That all? With some of these coin makers becoming overnight billionaires that seems so small to run away with.
1 DistortedLines 2018-10-30
Hahahhahahhaha its OVER for libertariancels.
Imagine unironically using crypto for anything besides buying drugs lol.
1 DontTreadOnMe16 2018-10-30
“Imagine unironically using the internet for anything besides buying drugs lol.”
I’m sure that comment was just as edgy back in 1997, too.
1 -Steve_French- 2018-10-30
How much have you lost in made up money
1 DontTreadOnMe16 2018-10-30
😂😂😂
Bought back in 2015... ask me how much I’ve made in non-made up money 👀
1 -Steve_French- 2018-10-30
Is it none? It is that, isn't it
1 DontTreadOnMe16 2018-10-30
It’s likely significantly more than all the money you’ve made since 2015, let’s put it that way.
You’re letting all that salt get in the way of you realizing that crypto is the future of legitimate investment vehicles. It’s ok... same can be said for a lot of people.
Don’t let scams like the one in OP confuse you for believing they’re all scams. They’re not. Corporate media (aka Reddit) have a vested interest in getting unsuspecting people like yourself to think that.
1 -Steve_French- 2018-10-30
I've made double plus 1 of what you made actually. But just like you, I made it all up.
1 DontTreadOnMe16 2018-10-30
Ok, guy 😂
1 -Steve_French- 2018-10-30
We can pretend together
1 patedemorcilla 2018-10-30
TBH if you make more than a full working person yearly with what's supposed to be currency you either are gambling on it or putting insane amounts of cash that would be more profitable elsewhere.
AND the fact that you think of a currency in profit terms is proof of how bullshit the "crypto is the future" thing is. Only way for crypto to be useful is if central banks adopt the tecnology and absorb the costs.
1 DontTreadOnMe16 2018-10-30
Couple things you’re misunderstanding here.
First of all, it’s a technological advancement. If you know your Econ, you’ll know that a vacuum is created when a new tech is created. By getting in early, I’ve luckily been able to ride that vacuum through the price discovery period (which we’re still in). I didn’t invest “insane amounts of cash”, I invested reasonable amounts at the right times.
Secondly, I agree about looking at it in terms of profit isn’t the way to go, and I don’t. I’m about collecting Bitcoin and Ethereum (with a few other main competitors just to balance out the portfolio). I also have an index fund and a precious metals IRA that I invest in.
Out of all of those, my returns on crypto have been ridiculously higher than returns from literally any other investment vehicle. My first point being the reason for that.
And finally, central banks don’t need to adopt it... they simply will no longer exist. Bitcoin will act as the universal exchange rate for all currencies. No more IMF. No more central banks. No more human manipulation (in theory down the line, that is). Just a stable, calculable, deflationary currency unit.
Internet + money
1 patedemorcilla 2018-10-30
You might now how to invest but you certainly have no idea on Economics if you long for a deflationary, unregulated, universal currency. Or that because there is no CB there will be no manipulation.
Also your "vacuum" thing is the bullshitiest version of a life cycle I've read in a long time.
The two things that go above every crypto apologist's head that absolutely kills your concept of crypto are a)Trade and b)Shocks. Look for literature about long term relationship between the current account and the exchange rate and tools for handling crisis and financial shocks.
1 DontTreadOnMe16 2018-10-30
Let me ask you, how much of what you just referenced applies to the internet...?
And overcoming the challenges of a deflationary currency are MUCH more solvable than overcoming the challenges of a manipulated inflationary currency. We can create incentives for investing through other vehicles than inflation. I trust that the internet will provide those solutions as well.
The internet has changed EVERYTHING we thought we knew. Most people, including economists, have yet to truly comprehend that.
Can you explain a little more what you mean by Trade and Shocks? I understand the concepts, just not clear on how you're applying them in this instance.
Appreciate having someone that actually knows Econ to discuss this with. Thanks for the replies thus far.
1 patedemorcilla 2018-10-30
So long as there's production involved and the exchange is done between different countries (or largely different regions, for that matter), it applies. You can't have one currency without having one state, in the long run. EU is a good example for this.
They actually aren't, and I'm writing this from fucking Argentina. Deflation is a much, much worse thng that inflation because of how adjustments are done in the real world compared to the theoretical world. Long story short, it's easier for individuals to rise prices than to cut them, so adjustments done this way take longer and impact more on the economy.
Trade as in international trade, because of the previous two paragraphs. The current account would fuck countries over every single time because there is no exchange rate. All changes would be price changes done via deflation. Same with shocks. Negative shocks like the 2007 crisis will have to be absorbed entirely.
Basically to long for cryptos is to long for the Gold Standard in a world drastically bigger and more interconnected than that where it already failed. That's why we had Bretton-Woods. That's why B-W failed and now we are here.
To be clear, I understand that now Cryptos are a goldmine, just not for the reasons people think they are. Cryptos feed on people's hope that the price will go up and they'll cash out the dividends. There's no real component backing them up unlike actual currencies which have a country's GDP as backup (or source of stability, to not be ambiguous) and its principles are uncompatible with how the world works. The beest part of it is that there may be a time when the tech can be adopted by central banks, and that will be THE contribution of cryptocurrency.
1 LongPostBot 2018-10-30
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1 DontTreadOnMe16 2018-10-30
I never said one currency. It would be one universal exchange rate. All currencies would compete against bitcoin.
Again, this is the old way of thinking. For example, we've never had a currency that could be (virtually) infinitely divisible.
In the end, supply and demand of labor and resources will always be there, so a need for a means of exchange will always be there. Unless I'm misunderstanding what your argument is here, in which case please elaborate.
And why did it fail?? Boom... internet gold saves the day. Comparing the two as likely to fail for the same reasons is borderline disingenuous.
Genuinely curious... do you work for a bank? Or some kind of financial institution? You obviously know your econ, but don't seem to know much about Crypto (and I don't mean that to be insulting by any means, it just sounds like I'm talking to a banker that's so stuck in the old ways that they can't see what's coming down the pike).
1 LongPostBot 2018-10-30
Mommy is soooo proud of you, sweaty. Let's put this sperg out up on the fridge with all your other failures.
I am a bot. Contact for questions
1 patedemorcilla 2018-10-30
This has nothing to do with the problem. The problem is individual decisions vs collective decisions.
I won't because I feel like I made myself clear. It's not about absolute need, it's about relative competitiveness and how different price systems interact with each other.
And the gold standard isn't bad because of gold. It's bad because it forces a rigidity on something that's fluid. And the system adapts in the most painful way, always. Floating exchange rates meant understanding this and a crypto standard is a Stacy doll with a new hat.
I didn't focus myself on banking (which has nothing to do with this) nor cryptos, but any advanced student in economics should be able to tell you it a very high risk phenomenon with no economic value other than as a massive, crowd funded research project.
1 Osterion 2018-10-30
Post pictures of ur fat stacks of cash along with home address if real plz
1 100_Percent_not_homo 2018-10-30
White detected. The moderators have been notified. Mayocide incoming.
1 ShitPsychologist 2018-10-30
Oh god.
1 -Steve_French- 2018-10-30
Snappy quote pls
1 kirukokujin1 2018-10-30
>crypto in current year
retard
1 DontTreadOnMe16 2018-10-30
Nice argument
1 kirukokujin1 2018-10-30
i dont need an argument youre a moron if you invest in crypto in the current year bitcoin has a massive flaw that will kill it once its exposed
1 DontTreadOnMe16 2018-10-30
As I said, I invested in 2015. I agree now is not the best time to jump in.
What massive flaw are you referring to? That’s news to me
1 kirukokujin1 2018-10-30
you can put child porn into the blockchain and without making the blockchain illegal youve opened up a loophole for legal child porn
but as a libertarian you probably support that
1 DontTreadOnMe16 2018-10-30
You can put child porn on the internet... should we shut down the internet?
No, of course not. As unfortunate as it is, true freedom comes with caveats. We just need to vigilantly prosecute and stop people responsible for it.
It’s always going to be a big problem we’ll have to deal with. I just have faith that solutions will be realized that don’t compromise the integrity of the chain itself.
We certainly shouldn’t just throw the baby out with the bath water though, that’s for sure.
1 kirukokujin1 2018-10-30
youre too much of a retard to understand the difference between the blockchain and the internet
1 DontTreadOnMe16 2018-10-30
So edgy
1 kirukokujin1 2018-10-30
Its just the truth sweaty
theres an obvious difference between blockchain and the internet
1 DontTreadOnMe16 2018-10-30
When did I ever say there isn’t?
1 kirukokujin1 2018-10-30
Your comparison to the internet
1 LowsideSlide 2018-10-30
OK post the tx
1 DontTreadOnMe16 2018-10-30
Sure, I'll go grab my hardware wallet out of my security deposit box and dig in to my earliest transaction history for you. One second.
1 alot_the_murdered 2018-10-30
You don't need the hardware to view transactions tho...
1 DontTreadOnMe16 2018-10-30
Please enlighten me, how should I go about getting the txID's without my Ledger... very interested.
1 alot_the_murdered 2018-10-30
You just load up your wallet on your computer. The hardware is only used to create new transactions (just to sign them, actually). You can read your transactions just like everyone else can because they're all public information.
1 DontTreadOnMe16 2018-10-30
That’s not how Ledger’s work, not sure about whatever HW wallet you have. Sure the txID is on the public blockchain, but I have no way of accessing a way to find it without connecting me ledger.
1 alot_the_murdered 2018-10-30
I have a ledger, that's how they work.
Your wallet/addresses are basically public info (okay technically you can obfuscate addresses so they aren't obviously part of the same wallet but they're public when you use them).
My wallet software works just fine without my ledger being connected. There's a little icon with a red dot to show it's disconnected. If I try sending bitcoins it prompts me to connect my hardware wallet but I can still see all my transactions/balances (and so can everyone else, since it's a public ledger).
1 DontTreadOnMe16 2018-10-30
Whoa really? Which kind of ledger do you have?
1 alot_the_murdered 2018-10-30
Same one.
I think I use electrium? I'm blanking on the name. I haven't done anything with bitcoin in months.
1 DontTreadOnMe16 2018-10-30
Ohhh I see, you use an Electrum wallet. That makes sense.
I only use the ledger hardware wallet, and you need the physical wallet to access the info (unless you already had the TXIDs for some reason).
1 LowsideSlide 2018-10-30
I too make up lies to flex on reddit
1 putdrugsinyourbutt69 2018-10-30
i know right?
my father in law lost a bunch of money of crypto currency and it's like dude. I have severe autism and you are more stupider than me any day
1 100_Percent_not_homo 2018-10-30
It's okay guys you don't need any regulation. Just vote with your wallets! lmao
1 DistortedLines 2018-10-30
The invisible hand of the free market 😂😂
1 corporatedemocrat 2018-10-30
dumb fucks lmfao
1 ProGenji 2018-10-30
Lel to the cryptofags.
1 princess_y_fronts 2018-10-30
the best part is where they are offering a bounty on Bruno's identity because
Don't worry though, these geniuses have the crucial hint that will ensure he's tracked down in no time: this BTC and ETH addresses!
1 loli_esports 2018-10-30
Hope he dumps it all into monero or something
1 getdatfiloos 2018-10-30
The only difference between this shitcoin and bitcoin is that there are more people believing in btc.
I can't WAIT for when that shit SFYLs.
1 normie_girl 2018-10-30
Still selling normie_girl coins if anyone wants some. Only a matter of time before I get that lambo. I mean you.
1 Whaddaulookinat 2018-10-30
I will buy on margin!
1 Kochroach 2018-10-30
TFL are bastards.
1 BPP84 2018-10-30
Hey you can do a lot worse than London for public transport, beleive me
1 doggo_to_the_rescue 2018-10-30
Maybe I’m ditzy and maybe I’m just stupid, but can someone explain this to me? I don’t really understand what exactly cryptocurrency is and what even gives it value. I also can’t make heads or tails of what, exactly, the drama is.
Any help for this Mayo is appreciated.
1 Gay-Cumshot 2018-10-30
OK, imagine your standard wall street stock broker type.
Now imagine that this stock broker thinks of stocks the same way the most fanatical sports fan thinks of their team. Like absolutely obsessed and simultaneously deluded about it. They want to give their team money.
Now imagine this person's vape juice got replaced with paint thinner but they still made them big clouds.
How would this person behave? Like a crypto nerd.
1 doggo_to_the_rescue 2018-10-30
Oh my.
1 GourmetImp 2018-10-30
Never have I EVER..
1 NGBRecocoBestGirl 2018-10-30
Numbers. Imagine that pure autism was given electronic "form".
See above.
Someone left a backdoor that let them steal all of the money, but insisted it was for totally legit purposes. Turns out they stole all the money.
1 doggo_to_the_rescue 2018-10-30
So I guess I kinda get it. It basically has value bc the people that invest in it give it value. They do so by the virtue of backing it with actual money and from the fact that they want it, like it’s in demand.
So it’s fucked up to steal all that money, even if it was from retards. Do these people have any legal recourse? Can they get their money back? Theft is (obviously) a little different than a crash or an autism implosion. I will be going back over the threads and checking out the juicy drama. I guess the bad dude is Bruno? Did they give tens of thousands of dollars to a guy named Bruno? And it wasn’t even his real name.. he chose Bruno? And they don’t know the legal name?
I can now comfortably lmao
1 NGBRecocoBestGirl 2018-10-30
Maybe, if they can find him. Too bad they never knew who he was, and knew right from the very beginning that he was anonymous.
Also, it helps if you picture Bruno like this
1 doggo_to_the_rescue 2018-10-30
Thanks for the mental picture. What I had wasn’t autistic enough, this is by far more appropriate. Holy shit I can’t believe these cunts gave this guy potentially hundreds of thousands and they didn’t even know his name.
1 rveos773 2018-10-30
The funniest part is the scam part was obvious. You can look at the smart contract and see it isnt written properly. That is what happened to Oyster.
Good projects that people put hundreds or thousands into are open source and not modifiable like Oyster's was.
1 doggo_to_the_rescue 2018-10-30
Man this is so
funnyfucked up1 kaenneth 2018-10-30
It's numbers protected by encryption keys that would require the entire energy output of the sun to crack; unless someone simply tricks you into revealing your keys, then your money is gone.
Mathematically, and from a computer science or economics view, it's very interesting, but it's too hard for humans to deal with the security requirements for everyday transactions, with malware continually trying to steal your money.
1 doggo_to_the_rescue 2018-10-30
I don’t trust any type of currency that I can not actually see it if I want to.
1 seenten 2018-10-30
Well, you can get physical media to hold your crypto value on, but those are mostly for the super-nerds
1 tritter211 2018-10-30
cryptocurrency, like the name implies is a form of currency. Except, it is backed by no one instead of nation backed national currencies like USD, pounds, pesos, etc. Which is why many cryptocurrency coins tout the "decentralized" word everywhere.
bitcoin is the first one to implement this concept and got widespread acceptance worldwide.
How does bitcoin gets its value? It gets its value through many means: 1.) there are only limited bitcoins in existence.
2.) Its time consuming and needs heavy resources to "mine" bitcoin, which means it is also more valuable in the marketplace.
3.) Its a secure form of asset when you own your own (cryptographic) keys to the bitcoins.
1 doggo_to_the_rescue 2018-10-30
That was a really good rundown!! Thanks so much!
1 IronicRacismIsCool 2018-10-30
It's just some digital bits who's uniqueness and value is protected by cryptography basically. Also a huge public ledger of transfers and transactions. Which is anonymous due because actual names are not listed.
1 838h920 2018-10-30
It's like buying stock of a company, just in this case the company is the cryptocurrency.
What gives any money in the world value? The times of being able to exchange your money to gold are over. Currently the value of money is determined by trust.
You can imagine cryptocurrency as a bank with everyone can watch the frontdoor and the transactions happening. So it's pretty much impossible to cheat. Sadly, they did not know that there was also a backdoor, so the one who build the bank went through the back door and took everything out without you realizing it and now all the money you invested is gone.
1 Mewcenary 2018-10-30
Wow. I'm mostly curious about just how thorough the 'security audits' were.
Auditor: "So, this Mr Block... your Chief Architect... when can I speak to him ?"
Oyster: "Oh, you can't, really... we don't know who he is. We don't have any details about his identity whatsoever."
Auditor: "No problem! *tick* Right, what's next?"
1 JurijFedorov 2018-10-30
Found this comment. There users are... well, I don't even want to spend my energy thinking about their mental state.
Basically no one knows who this Bruno CEO guy is but the rest of the developers say that they are honest. But couldn't Bruno just be a guy they made up? They still look innocent but they are now rich. And this guy gets all the blame while the users slowly return and the rest of the team prepares for a new Bruno attack from another guy they invented?
1 DefectiveDelfin 2018-10-30
If you invest in cryptocurrency, you deserve to lose all your money tbh
1 Lysis10 2018-10-30
lol christ and they even do have the suicide hotline number posted. The creeptos are all millionaires I thought too, so this should only be a 1 lambo loss.
1 OldRegime 2018-10-30
After briefly skimming the sub, seeing a number of threads like "bruno may be gone, but we have never been closer to attaining our goal"
​
...
​
guess we're in the stage of denial
1 GetHisWallet 2018-10-30
How to get rich quick:
1 Lysis10 2018-10-30
Creeptos kinda do prove the theory that if you build it they will come. No need to prove anything. Just stay anonymous and give the coin a fancy name with white paper and they will come.
1 sentientfartcloud 2018-10-30
Is there any merit to crypto currency at all? Serious question.
1 kirukokujin1 2018-10-30
anonymous
no (((bankers))) involved