802000+ entries in 0.554s
Duffer1: buy him cascasius physical bitcoins and fill
them with btc
chatquack: Perfect
type of investor for mining.
chatquack: I don't
think he will go for
that. He wants a product
to hold.
Duffer1: 80% loss in value due
to a 5x increase in price (it was actually much worse
than
that since it
turned out
to be a
total scam and a
total loss, but
that's another story)
Duffer1: the fiat value of btc rose,
the value of my securities fell in direct proportion
Duffer1: well see i was
thinking of btc as just something
that should be invested, not as
the investment itself, so i put it in btc denominated securities
chatquack: The investor is only intrested in fiat. I've been
trying
to convince him
to hold onto
the btc.
Duffer1: i bought a number of bitcoin and
thought i'd invest, not really understanding
that bitcoin itself was
the investment
Duffer1: ok consider what happened
to me
chatquack: How would something like btc hitting $2kUSD by
the end of
the year affect it?
Duffer1: but if you had just bought btc with
that money and sat on
the btc, you would be buying a new house instead of a used car
Duffer1: you MIGHT roi in
terms of fiat
Duffer1: the worst, and likeliest, scenarios are
the same
chatquack: What's
the worst
that could happen? Get only a fraction roi? Maybe years from now it will pay for itself...
Duffer1: plenty of fools doin
that already
chatquack: Someone's gotta support
the network...
chatquack: It's for someone looking
to invest in Bitcoin.
Duffer1: it sounds like you're
trying
to
throw your money away bro, just keep it
Duffer1: oh i
thought
they only did bulk chips, didn't know
they had
their own rigs
Duffer1: who were you
thinking of buying from?
Duffer1: ironically if you didn't pay in btc
then you could likely get your money back
chatquack: Unless
the price jumps quite a bit.
chatquack: guh, 14th/s would be nice
to have right
this min.
chatquack: Really I just want access
to a server rack of miners.
VanCleef: you didn't learn
the first
time?
chatquack: But I still have
the equipment, so I've got
that going for me, which is nice.
chatquack: The answer
to
that question makes me sad. :(
Duffer1: how many btc could you have bought with
that same money and what are
they worth now?
chatquack: People
told me
the same
thing about my 6gh/s rig, and it's paid for itself
twice.
chatquack: Don't
tell
the guy paying for it
that.
Duffer1: should get your money back and keep
the btc
VanCleef: holy shit
that will be useless by
then
chatquack: Holy shit, I'm going
to be setting up a 14TH/s rig in May!
mircea_popescu: anyway, pretty much
the only reason it's not hyperbolic right now is
that
the chinese basically don't allow leverage in
that market.
the20year2: One of
the reasons being a market finance of massive US debt, which would be completely unsustainable
mod6: mp: yeah.
this was a few days back
the20year2: From my limited understanding,
the increase of bond rates
to market rates would be
the beginning of
the end
mod6: just some reading of
tealeaves
that was posted onto zh.
mircea_popescu: mod6
that's actually outdated. it closed 138 +16. which... you know, O.O
the20year2: i didn't even realize
they issued bonds
dub: I
think I've been saying
that a while now mp
mod6: some guy
topticked
the s&p @ 1929 lol. but yea, cn looks like its gonna blow its
top
mircea_popescu: this entire "is it eu or us"
thing dragged on for
too long
mircea_popescu: this follows in
the mouthsteps of literally everyone before
them up
to
this point.
mircea_popescu: a boy and a girl somewhere are about
to kiss, for
the first
time in
the history of
the world.
mircea_popescu: this "first in
the world"
thing has come
to its ultimate conclusion.
mircea_popescu: "The University of Cumbria in northwest England has become
the first public university in
the world
to experiment with accepting bitcoin as
tuition payment. It follows a similar move made by a private university in Cyprus at
the end of last year."
Duffer1: peta mine is worse, it's like a pmb + cloud hash solution
that gets "invostocustomers"
the worse part of both
dub: they would say, and
tend never
to stop saying inmy experience,
that its a dumping ground for islam
mircea_popescu: pretty much what england itself
thinks, at
this point.
dub: safe
to say, england is a dump
mircea_popescu: so basically what's
this cloudhash
thing, "give us btc upfront, get hash over
time" ?
mod6: anyway, yeah, heard liverpool was a dump
tho
mod6: ^^ says
they were from liverpool & formed in liverpool
ozbot: The Beatles - Wikipedia,
the free encyclopedia
vial: why are we
talking about
the beatles? aren't
they dead now?
vial: i like
the south american hostels
vial: like a real bloody
twinkie
vial: i'd love
to stab a knife in one of
them and fuck
the opening it leaves.. stab
them right in
the kidney and cum in
the wound
dub: the20year2:
thats
the server im (randomly) connected
to
mod6: they were from liverpool, or is
that
the same area?
vial: the beatles were shat out
there
mircea_popescu: manchester is one of
the few places in
the world
to have been a shithole its entire history
dub: have you been
to manchester?
dub: it is
the best city
tho
copumpkin: for way less (if you pay back
taxes and such)
mircea_popescu: i dunno why people hate ohio, it's like
the ukraine of
the us.
the20year2: Decreasing unemployment, increasing property prices, relatively stable pricing over
the past 20 years even when you include
the bubble, relatively low vacancy
dub: tards would probably buy it
too
dub: that'd be
the
thing, selling altchain protection