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The New Coffee Room

  1. TNCR
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  3. The Bitcoin/Crypto Thread

The Bitcoin/Crypto Thread

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  • taiwan_girlT Online
    taiwan_girlT Online
    taiwan_girl
    wrote on last edited by
    #344

    Man Wants to Search UK Landfill that has Hard Drive with "Allegedly" 150MM worth of bitcoin

    89th8 1 Reply Last reply
    • taiwan_girlT taiwan_girl

      Man Wants to Search UK Landfill that has Hard Drive with "Allegedly" 150MM worth of bitcoin

      89th8 Offline
      89th8 Offline
      89th
      wrote on last edited by
      #345

      @taiwan_girl said in The Bitcoin/Crypto Thread:

      Man Wants to Search UK Landfill that has Hard Drive with "Allegedly" 150MM worth of bitcoin

      Pwn3d!!!!!!

      https://nodebb.the-new-coffee-room.club/topic/14504/500-million-of-bitcoin-in-a-landfill/2?_=1659960554860

      taiwan_girlT 1 Reply Last reply
      • 89th8 89th

        @taiwan_girl said in The Bitcoin/Crypto Thread:

        Man Wants to Search UK Landfill that has Hard Drive with "Allegedly" 150MM worth of bitcoin

        Pwn3d!!!!!!

        https://nodebb.the-new-coffee-room.club/topic/14504/500-million-of-bitcoin-in-a-landfill/2?_=1659960554860

        taiwan_girlT Online
        taiwan_girlT Online
        taiwan_girl
        wrote on last edited by
        #346

        @89th said in The Bitcoin/Crypto Thread:

        @taiwan_girl said in The Bitcoin/Crypto Thread:

        Man Wants to Search UK Landfill that has Hard Drive with "Allegedly" 150MM worth of bitcoin

        Pwn3d!!!!!!

        https://nodebb.the-new-coffee-room.club/topic/14504/500-million-of-bitcoin-in-a-landfill/2?_=1659960554860

        D'oh!!! :woman-facepalming:

        1 Reply Last reply
        • AxtremusA Offline
          AxtremusA Offline
          Axtremus
          wrote on last edited by
          #347

          https://www.axios.com/2022/10/04/kim-kardashian-crypto-fine-matt-damon

          Kim Kardashian was fined $1.26 million Monday for touting crypto schemes — even as much more high-profile pitches from the likes of Matt Damon and Larry David have gone unpunished. The seeming double standard is a function of a subtle yet crucial distinction in securities law.
          …
          How it works: If you're endorsing a company, the only rules that apply are the relatively lax ones from the FTC. If you're shilling a security, then disclosing that you were paid — as Kardashian did with an #AD hashtag — is not enough; you also need to disclose how much you were paid.

          The bottom line: If you're going to tout crypto, tout a crypto company, not a coin.

          taiwan_girlT 1 Reply Last reply
          • AxtremusA Axtremus

            https://www.axios.com/2022/10/04/kim-kardashian-crypto-fine-matt-damon

            Kim Kardashian was fined $1.26 million Monday for touting crypto schemes — even as much more high-profile pitches from the likes of Matt Damon and Larry David have gone unpunished. The seeming double standard is a function of a subtle yet crucial distinction in securities law.
            …
            How it works: If you're endorsing a company, the only rules that apply are the relatively lax ones from the FTC. If you're shilling a security, then disclosing that you were paid — as Kardashian did with an #AD hashtag — is not enough; you also need to disclose how much you were paid.

            The bottom line: If you're going to tout crypto, tout a crypto company, not a coin.

            taiwan_girlT Online
            taiwan_girlT Online
            taiwan_girl
            wrote on last edited by
            #348

            @Axtremus said in The Bitcoin/Crypto Thread:

            https://www.axios.com/2022/10/04/kim-kardashian-crypto-fine-matt-damon

            Kim Kardashian was fined $1.26 million Monday for touting crypto schemes — even as much more high-profile pitches from the likes of Matt Damon and Larry David have gone unpunished. The seeming double standard is a function of a subtle yet crucial distinction in securities law.
            …
            How it works: If you're endorsing a company, the only rules that apply are the relatively lax ones from the FTC. If you're shilling a security, then disclosing that you were paid — as Kardashian did with an #AD hashtag — is not enough; you also need to disclose how much you were paid.

            The bottom line: If you're going to tout crypto, tout a crypto company, not a coin.

            Amazing (and sad) that she is famous for being famous, and even more amazing (and sad) that she was paid USD$250K for the Instagram post.

            1 Reply Last reply
            • AxtremusA Offline
              AxtremusA Offline
              Axtremus
              wrote on last edited by
              #349

              https://www.barrons.com/articles/dogecoin-musk-twitter-51666975620

              Dogecoin surged 40% upon Elon Musk taking over Twitter. Any happy Dogecoin owner here?

              89th8 1 Reply Last reply
              • AxtremusA Axtremus

                https://www.barrons.com/articles/dogecoin-musk-twitter-51666975620

                Dogecoin surged 40% upon Elon Musk taking over Twitter. Any happy Dogecoin owner here?

                89th8 Offline
                89th8 Offline
                89th
                wrote on last edited by
                #350

                @Axtremus said in The Bitcoin/Crypto Thread:

                https://www.barrons.com/articles/dogecoin-musk-twitter-51666975620

                Dogecoin surged 40% upon Elon Musk taking over Twitter. Any happy Dogecoin owner here?

                I own like $50 or something. It would need to surge to the moon before I took notice LOL.

                1 Reply Last reply
                • X Offline
                  X Offline
                  xenon
                  wrote on last edited by
                  #351

                  Tide is going out. Lots of naked people.

                  jon-nycJ 1 Reply Last reply
                  • X xenon

                    Tide is going out. Lots of naked people.

                    jon-nycJ Offline
                    jon-nycJ Offline
                    jon-nyc
                    wrote on last edited by
                    #352

                    @xenon Yeah. Been very popcorn worthy.

                    Only non-witches get due process.

                    • Cotton Mather, Salem Massachusetts, 1692
                    1 Reply Last reply
                    • taiwan_girlT Online
                      taiwan_girlT Online
                      taiwan_girl
                      wrote on last edited by
                      #353

                      I agree with what Warren Buffet has said about crypto. (Plus I dont understand it 555)

                      “If you said … for a 1% interest in all the farmland in the United States, pay our group $25 billion, I’ll write you a check this afternoon,” Buffett said. ”[For] $25 billion I now own 1% of the farmland. [If] you offer me 1% of all the apartment houses in the country and you want another $25 billion, I’ll write you a check, it’s very simple. Now if you told me you own all of the bitcoin in the world and you offered it to me for $25 I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything. The apartments are going to produce rent and the farms are going to produce food.”

                      “Assets, to have value, have to deliver something to somebody. And there’s only one currency that’s accepted. You can come up with all kinds of things — we can put up Berkshire coins... but in the end, this is money,” he said, holding up a $20 bill. “And there’s no reason in the world why the United States government … is going to let Berkshire money replace theirs.”

                      1 Reply Last reply
                      • KlausK Offline
                        KlausK Offline
                        Klaus
                        wrote on last edited by
                        #354

                        I'm not sure that is a very plausible argument.

                        If I'd offer you all of the Euro in the world for $25, it would also be a bad deal and it wouldn't be worth anything.

                        taiwan_girlT 1 Reply Last reply
                        • KlausK Klaus

                          I'm not sure that is a very plausible argument.

                          If I'd offer you all of the Euro in the world for $25, it would also be a bad deal and it wouldn't be worth anything.

                          taiwan_girlT Online
                          taiwan_girlT Online
                          taiwan_girl
                          wrote on last edited by
                          #355

                          @Klaus said in The Bitcoin/Crypto Thread:

                          I'm not sure that is a very plausible argument.

                          If I'd offer you all of the Euro in the world for $25, it would also be a bad deal and it wouldn't be worth anything.

                          But it is worth something. I can go to pretty much anywhere and buy something with it. I can live if you gave me euros. If I were only had crypto in my pocket, I think I would starve to death, not be able to move around, except by walking (and even then, I dont know where I would get shoes), buy a computer to post on TNCR, pay the internet company that allows me to use an (un-bought) computer , etc. etc.

                          KlausK 1 Reply Last reply
                          • taiwan_girlT taiwan_girl

                            @Klaus said in The Bitcoin/Crypto Thread:

                            I'm not sure that is a very plausible argument.

                            If I'd offer you all of the Euro in the world for $25, it would also be a bad deal and it wouldn't be worth anything.

                            But it is worth something. I can go to pretty much anywhere and buy something with it. I can live if you gave me euros. If I were only had crypto in my pocket, I think I would starve to death, not be able to move around, except by walking (and even then, I dont know where I would get shoes), buy a computer to post on TNCR, pay the internet company that allows me to use an (un-bought) computer , etc. etc.

                            KlausK Offline
                            KlausK Offline
                            Klaus
                            wrote on last edited by
                            #356

                            @taiwan_girl said in The Bitcoin/Crypto Thread:

                            @Klaus said in The Bitcoin/Crypto Thread:

                            I'm not sure that is a very plausible argument.

                            If I'd offer you all of the Euro in the world for $25, it would also be a bad deal and it wouldn't be worth anything.

                            But it is worth something. I can go to pretty much anywhere and buy something with it. I can live if you gave me euros. If I were only had crypto in my pocket, I think I would starve to death, not be able to move around, except by walking (and even then, I dont know where I would get shoes), buy a computer to post on TNCR, pay the internet company that allows me to use an (un-bought) computer , etc. etc.

                            It isn't worth anything anymore if you would concentrate all Euro in one hand.

                            No modern currency has intrinsic value.

                            It's all a matter of trust. If people trust crypto, you'll soon be able to buy shoes with it. If people do not, it will end up in the dust bin of history.

                            taiwan_girlT 1 Reply Last reply
                            • jon-nycJ Offline
                              jon-nycJ Offline
                              jon-nyc
                              wrote on last edited by
                              #357

                              It’s still not clear it has a use case besides illicit trade and speculation.

                              Only non-witches get due process.

                              • Cotton Mather, Salem Massachusetts, 1692
                              HoraceH 1 Reply Last reply
                              • jon-nycJ jon-nyc

                                It’s still not clear it has a use case besides illicit trade and speculation.

                                HoraceH Offline
                                HoraceH Offline
                                Horace
                                wrote on last edited by
                                #358

                                @jon-nyc said in The Bitcoin/Crypto Thread:

                                It’s still not clear it has a use case besides illicit trade and speculation.

                                It's a store of value that could be transported across the galaxy via quantum entanglement computers. Suck it, gold!

                                Education is extremely important.

                                1 Reply Last reply
                                • KlausK Klaus

                                  @taiwan_girl said in The Bitcoin/Crypto Thread:

                                  @Klaus said in The Bitcoin/Crypto Thread:

                                  I'm not sure that is a very plausible argument.

                                  If I'd offer you all of the Euro in the world for $25, it would also be a bad deal and it wouldn't be worth anything.

                                  But it is worth something. I can go to pretty much anywhere and buy something with it. I can live if you gave me euros. If I were only had crypto in my pocket, I think I would starve to death, not be able to move around, except by walking (and even then, I dont know where I would get shoes), buy a computer to post on TNCR, pay the internet company that allows me to use an (un-bought) computer , etc. etc.

                                  It isn't worth anything anymore if you would concentrate all Euro in one hand.

                                  No modern currency has intrinsic value.

                                  It's all a matter of trust. If people trust crypto, you'll soon be able to buy shoes with it. If people do not, it will end up in the dust bin of history.

                                  taiwan_girlT Online
                                  taiwan_girlT Online
                                  taiwan_girl
                                  wrote on last edited by
                                  #359

                                  @Klaus said in The Bitcoin/Crypto Thread:

                                  If people trust crypto

                                  That is a very big IF.

                                  Right now, it goes back to what I said - it really doesn't have any value. I would be very comfortable living on 5000 euro for a month. Somebody trying to live on the equivalent bitcoin (or even a 1.5x equivalent) would have a much more difficult time. I need to take the subway here - Nope. I need to get something to eat - nope. Lets go out with friends for an evening - nope. etc

                                  HoraceH 1 Reply Last reply
                                  • taiwan_girlT taiwan_girl

                                    @Klaus said in The Bitcoin/Crypto Thread:

                                    If people trust crypto

                                    That is a very big IF.

                                    Right now, it goes back to what I said - it really doesn't have any value. I would be very comfortable living on 5000 euro for a month. Somebody trying to live on the equivalent bitcoin (or even a 1.5x equivalent) would have a much more difficult time. I need to take the subway here - Nope. I need to get something to eat - nope. Lets go out with friends for an evening - nope. etc

                                    HoraceH Offline
                                    HoraceH Offline
                                    Horace
                                    wrote on last edited by
                                    #360

                                    @taiwan_girl said in The Bitcoin/Crypto Thread:

                                    @Klaus said in The Bitcoin/Crypto Thread:

                                    If people trust crypto

                                    That is a very big IF.

                                    Right now, it goes back to what I said - it really doesn't have any value. I would be very comfortable living on 5000 euro for a month. Somebody trying to live on the equivalent bitcoin (or even a 1.5x equivalent) would have a much more difficult time. I need to take the subway here - Nope. I need to get something to eat - nope. Lets go out with friends for an evening - nope. etc

                                    The idea is that you can exchange it for spendable currency. Which you can, fairly easily.

                                    Education is extremely important.

                                    taiwan_girlT 1 Reply Last reply
                                    • X Offline
                                      X Offline
                                      xenon
                                      wrote on last edited by
                                      #361

                                      Maybe I lack imagination - but I see Bitcoin as the most useful of the bench as a monetary system that's completely divorced from politics.

                                      But - we already essentially have that in gold.

                                      In terms of spending - I don't see how it makes my life any easier using crypto to buy things online vs. a credit card.

                                      If anything - I do want a bank standing behind my card to help me if there's fraud or charges need to be reversed, etc.

                                      Maybe I just don't get it - but I've tried.

                                      HoraceH 1 Reply Last reply
                                      • X xenon

                                        Maybe I lack imagination - but I see Bitcoin as the most useful of the bench as a monetary system that's completely divorced from politics.

                                        But - we already essentially have that in gold.

                                        In terms of spending - I don't see how it makes my life any easier using crypto to buy things online vs. a credit card.

                                        If anything - I do want a bank standing behind my card to help me if there's fraud or charges need to be reversed, etc.

                                        Maybe I just don't get it - but I've tried.

                                        HoraceH Offline
                                        HoraceH Offline
                                        Horace
                                        wrote on last edited by
                                        #362

                                        @xenon said in The Bitcoin/Crypto Thread:

                                        Maybe I lack imagination - but I see Bitcoin as the most useful of the bench as a monetary system that's completely divorced from politics.

                                        But - we already essentially have that in gold.

                                        In terms of spending - I don't see how it makes my life any easier using crypto to buy things online vs. a credit card.

                                        If anything - I do want a bank standing behind my card to help me if there's fraud or charges need to be reversed, etc.

                                        Maybe I just don't get it - but I've tried.

                                        It’s a currency by techie preppers, for techie preppers.

                                        Education is extremely important.

                                        1 Reply Last reply
                                        • HoraceH Horace

                                          @taiwan_girl said in The Bitcoin/Crypto Thread:

                                          @Klaus said in The Bitcoin/Crypto Thread:

                                          If people trust crypto

                                          That is a very big IF.

                                          Right now, it goes back to what I said - it really doesn't have any value. I would be very comfortable living on 5000 euro for a month. Somebody trying to live on the equivalent bitcoin (or even a 1.5x equivalent) would have a much more difficult time. I need to take the subway here - Nope. I need to get something to eat - nope. Lets go out with friends for an evening - nope. etc

                                          The idea is that you can exchange it for spendable currency. Which you can, fairly easily.

                                          taiwan_girlT Online
                                          taiwan_girlT Online
                                          taiwan_girl
                                          wrote on last edited by
                                          #363

                                          @Horace said in The Bitcoin/Crypto Thread:

                                          @taiwan_girl said in The Bitcoin/Crypto Thread:

                                          @Klaus said in The Bitcoin/Crypto Thread:

                                          If people trust crypto

                                          That is a very big IF.

                                          Right now, it goes back to what I said - it really doesn't have any value. I would be very comfortable living on 5000 euro for a month. Somebody trying to live on the equivalent bitcoin (or even a 1.5x equivalent) would have a much more difficult time. I need to take the subway here - Nope. I need to get something to eat - nope. Lets go out with friends for an evening - nope. etc

                                          The idea is that you can exchange it for spendable currency. Which you can, fairly easily.

                                          But that will be the defeat. If you have to exchange it to a spendable currency, then what good is it? Why not just have the spendable currency?

                                          HoraceH 1 Reply Last reply
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