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Posted: 5/17/2022 11:16:21 AM EDT
[#1]
Quote HistoryQuoted: how many bitcoin is a carton of newports Quote HistoryQuoted: Quoted: I dont think you understand how bitcoin works.you can take your bitcoin to prison or to the grave. how many bitcoin is a carton of newports And who ends up in possession of the actual block chain, if that valuation is not in whole bitcoins? |
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Posted: 5/17/2022 12:27:44 PM EDT
[#2]
Quote HistoryQuoted: how many bitcoin is a carton of newports Quote HistoryQuoted: Quoted: I dont think you understand how bitcoin works.you can take your bitcoin to prison or to the grave. how many bitcoin is a carton of newports .0016666667 approximately |
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Posted: 5/18/2022 8:57:20 AM EDT
[#3]
Quote HistoryQuoted: And who ends up in possession of the actual block chain, if that valuation is not in whole bitcoins? Quote HistoryQuoted: Quoted: Quoted: I dont think you understand how bitcoin works.you can take your bitcoin to prison or to the grave. how many bitcoin is a carton of newports And who ends up in possession of the actual block chain, if that valuation is not in whole bitcoins? Everyone can be in possession of the Bitcoin block chain. It’s the decentralized ledger of everyone’s transactions. Right now, a carton of Newport’s would cost you 141,760 Satoshis |
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Posted: 5/18/2022 12:13:58 PM EDT
[#4]
How would you use Bitcoin in prison?
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Posted: 5/18/2022 12:22:37 PM EDT
[#5]
I'm just here to point out that crashing the cryptocurrency system was probably one of the top 5 goals of the globalists. They want to control all the money, Crypto was bucking that system from day one. I told my kid "don't put all your eggs in that basket, if too many of the wrong people are getting rich on it they will fuck it over".
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Posted: 5/18/2022 12:25:07 PM EDT
[#6]
Quote HistoryQuoted: I'm just here to point out that crashing the cryptocurrency system was probably one of the top 5 goals of the globalists. They want to control all the money, Crypto was bucking that system from day one. I told my kid "don't put all your eggs in that basket, if too many of the wrong people are getting rich on it they will fuck it over". That was always my thought and word of caution to folks as well. I made a little bit of money day trading crypto. But I have never trusted anything too much that the government can just say, nope, we are done with that. |
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Posted: 5/18/2022 12:25:18 PM EDT
[#7]
Quote HistoryQuoted: Coinbase added a disclosure to their financials that warned people what could happen if they went bankrupt. It was just a CYA that got overblown. No you're right, was totally just some legal mumbo jumbo. Completely overblown *cough* Mt Gox *cough* 
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Posted: 5/18/2022 12:32:19 PM EDT
[#8]
Come join the discord. New discord, for arfcommers to talk about finances, investing, and crypto.
https://discord.gg/ZBWUATDu It's a work in progress, if you join you won't see anything until given a role. Cheers. |
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Posted: 5/18/2022 12:42:50 PM EDT
[#9]
Quote HistoryQuoted: That was always my thought and word of caution to folks as well. I made a little bit of money day trading crypto. But I have never trusted anything too much that the government can just say, nope, we are done with that. I'll see if I can find some of the screenshots from the LUNA threads. People who lost their life savings are the ones that just YOLO'ed into it without any due diligence or even a thought it could ever go down |
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Posted: 5/18/2022 1:03:52 PM EDT
[#10]
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Posted: 5/18/2022 1:17:49 PM EDT
[#11]
Quote HistoryQuoted: How would you use Bitcoin in prison? Phone call to someone on the outside. Cell phone with a data plan inside. Maybe access a proxy through a prison library computer. Ed Calderon had a video where he talks about how prisoners store value inside, and crypto is one of them. |
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Posted: 5/18/2022 3:53:39 PM EDT
[#12]
Quote HistoryQuoted: Phone call to someone on the outside. Cell phone with a data plan inside. Maybe access a proxy through a prison library computer. Ed Calderon had a video where he talks about how prisoners store value inside, and crypto is one of them. So in other words, outside the prison. Bitcoin is not magic. This idea that it's a digital currency, a floor wax, and a dessert topping makes it sound like snake oil. I don't think it helps the cause. |
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Posted: 5/18/2022 4:27:34 PM EDT
[#13]
Quote HistoryQuoted: So in other words, outside the prison. Bitcoin is not magic. This idea that it's a digital currency, a floor wax, and a dessert topping makes it sound like snake oil. I don't think it helps the cause. Quote HistoryQuoted: Quoted: Phone call to someone on the outside. Cell phone with a data plan inside. Maybe access a proxy through a prison library computer. Ed Calderon had a video where he talks about how prisoners store value inside, and crypto is one of them. So in other words, outside the prison. Bitcoin is not magic. This idea that it's a digital currency, a floor wax, and a dessert topping makes it sound like snake oil. I don't think it helps the cause. I’m not sure I follow your reasoning? This started off with, “you can take your crypto to prison.” You asked, “how much for a carton of Newports?” The price was given as was a means of exchange. Now crypto isn’t magic because the funds transfer has to happen outside prison? How else would it work? You can’t hand him USD from your prison wallet. With USD, you’d still have to get someone else to put money in the guy’s commissary, pay one of his people on the outside, or have access to the internet. This isn’t magic is right. It’s happening right now in prisons due to sufficiently advanced technology. Proof of concept, I sent someone from AR15 some bitcoin because I lost a bet on the 2021 EOY price. All they had to give me was their bitcoin wallet address, and I deposited the funds. It took a couple of minutes, and they had their money. |
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Posted: 5/18/2022 4:36:24 PM EDT
[#14]
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Posted: 5/18/2022 4:36:38 PM EDT
[#15]
Quote HistoryQuoted: So in other words, outside the prison. Bitcoin is not magic. This idea that it's a digital currency, a floor wax, and a dessert topping makes it sound like snake oil. I don't think it helps the cause. You can use it as a currency but most people use it as a store of value. A 12-24 word recovery phrase is all that's required to memorize to have the ability to leave everything behind and start over somewhere else. You don't even need to keep it written down anywhere. All of it can exist in your head. and so long as the internet is still up and one node survives so will your coins. If you were in the ukraine when the war kicked off, that would have a lot of utility wouldn't it? |
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Posted: 5/18/2022 4:43:39 PM EDT
[#16]
Quote HistoryQuoted: Come join the discord. New discord, for arfcommers to talk about finances, investing, and crypto. https://discord.gg/ZBWUATDu It's a work in progress, if you join you won't see anything until given a role. Cheers. Joined, but never used discord before. |
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Posted: 5/18/2022 4:43:50 PM EDT
[#17]
Quote HistoryQuoted: You can use it as a currency but most people use it as a store of value. A 12-24 word recovery phrase is all that's required to memorize to have the ability to leave everything behind and start over somewhere else. You don't even need to keep it written down anywhere. All of it can exist in your head. and so long as the internet is still up and one node survives so will your coins. If you were in the ukraine when the war kicked off, that would have a lot of utility wouldn't it? Quote HistoryQuoted: Quoted: So in other words, outside the prison. Bitcoin is not magic. This idea that it's a digital currency, a floor wax, and a dessert topping makes it sound like snake oil. I don't think it helps the cause. You can use it as a currency but most people use it as a store of value. A 12-24 word recovery phrase is all that's required to memorize to have the ability to leave everything behind and start over somewhere else. You don't even need to keep it written down anywhere. All of it can exist in your head. and so long as the internet is still up and one node survives so will your coins. If you were in the ukraine when the war kicked off, that would have a lot of utility wouldn't it? https://cointelegraph.com/news/crypto-donations-fund-atvs-and-gas-masks-for-ukrainian-military The Ukrainian military thinks so. |
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Posted: 5/18/2022 4:47:23 PM EDT
[#18]
Quote HistoryQuoted: Come join the discord. New discord, for arfcommers to talk about finances, investing, and crypto. https://discord.gg/ZBWUATDu It's a work in progress, if you join you won't see anything until given a role. Cheers. What do you think we're doing here? |
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Posted: 5/18/2022 4:59:09 PM EDT
[#19]
Quote HistoryQuoted: What do you think we're doing here? Join. Or don't join. I really don't care. Having an organized discord, with real time chat, voice, and a place to keep lots of info for beginners is a good thing. You obviously don't use "crypto twitter" and discord to find things early. I created this discord for arfcommers to come and learn, share, help each other. I'm not posting sensitive crypto information on arf. Discord has tons of features like voice chat... for example. Want to ask someone in voice about taxes, this, that, or the other and don't want to read a bunch of retarded replies on arfcom? This discord fixes that. |
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Posted: 5/18/2022 6:59:11 PM EDT
[#20]
Quote HistoryQuoted: Come join the discord. New discord, for arfcommers to talk about finances, investing, and crypto. https://discord.gg/ZBWUATDu It's a work in progress, if you join you won't see anything until given a role. Cheers. 50 post count user wanting us to use another platform. Hmmm. 
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Posted: 5/18/2022 7:38:12 PM EDT
[#21]
Quote HistoryQuoted: 50 post count user wanting us to use another platform. Hmmm. Quote HistoryQuoted: Quoted: Come join the discord. New discord, for arfcommers to talk about finances, investing, and crypto. https://discord.gg/ZBWUATDu It's a work in progress, if you join you won't see anything until given a role. Cheers. 50 post count user wanting us to use another platform. Hmmm. No no. Switching to some internet dudes private Discord account to focus an your individual wealth management sounds like a solid plan. |
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Posted: 5/18/2022 7:40:02 PM EDT
[#22]
Quote HistoryQuoted: No no. Switching to some internet dudes private Discord account to focus an your individual wealth management sounds like a solid plan. Quote HistoryQuoted: Quoted: Quoted: Come join the discord. New discord, for arfcommers to talk about finances, investing, and crypto. https://discord.gg/ZBWUATDu It's a work in progress, if you join you won't see anything until given a role. Cheers. 50 post count user wanting us to use another platform. Hmmm. No no. Switching to some internet dudes private Discord account to focus an your individual wealth management sounds like a solid plan. 
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Posted: 5/18/2022 8:14:16 PM EDT
[#23]
Quote HistoryQuoted: Now crypto isn’t magic because the funds transfer has to happen outside prison? How else would it work? Never mind, we agree. |
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Posted: 5/18/2022 8:16:48 PM EDT
[#24]
Can you believe people actually bought a piece of that blue sky!
 
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Posted: 5/18/2022 8:17:27 PM EDT
[#25]
When the shoe shine boy is giving stock tips……
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Posted: 5/18/2022 8:17:34 PM EDT
[#26]
Quote HistoryQuoted: 50 post count user wanting us to use another platform. Hmmm. LOL from a 20er. Been around since 06 and don't my OG account. POST COUNT DERP YOU DONT HAVE A PICTURE NEXT TO YOUR NAME- shit gets old. What does post count matter if all you post is shit? |
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Posted: 5/18/2022 8:29:53 PM EDT
[#27]
Quote HistoryQuoted: I haven't seen shit about news on a crash (or lack thereof), but I know metric fuckton of people in the office who have a lot of money in crypto. Most of those with almost all their savings in it are usually under 30. Can't really blame them, a lot of people decided during the last couple of years that the only way to get ahead was to speculate. What is generally regarded as the preeminent military power in the world won't hunt you down and kill you for failing to pay debts to them denominated in Bitcoin. There is a difference - even if BTC may even be a superior currency in a lot of ways, by design. Quote HistoryQuoted: Quoted: Quoted: Alarmist bullcrap. People are going to lose their homes because Bitcoin and Etherium are down? Say what? Yes Members here have posted they know people that put everything in crypto, then lost it all. Is it the majority? Don't know, but bet it's more than a few. I haven't seen shit about news on a crash (or lack thereof), but I know metric fuckton of people in the office who have a lot of money in crypto. Most of those with almost all their savings in it are usually under 30. Can't really blame them, a lot of people decided during the last couple of years that the only way to get ahead was to speculate. Quoted: Not really, most US$ are just as intangible as bitcoin. Both are backed by the same thing, nothing. What is generally regarded as the preeminent military power in the world won't hunt you down and kill you for failing to pay debts to them denominated in Bitcoin. There is a difference - even if BTC may even be a superior currency in a lot of ways, by design. |
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Posted: 5/18/2022 8:44:48 PM EDT
[#28]
See this is why I spend all my money on guns and ammo, haha
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Posted: 5/18/2022 8:59:50 PM EDT
[#29]
Quote HistoryQuoted: if too many of the wrong people are getting rich on it they will fuck it over". Exactly |
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Posted: 5/18/2022 10:33:03 PM EDT
[#30]
Quote HistoryQuoted: Exactly Quote HistoryQuoted: Quoted: if too many of the wrong people are getting rich on it they will fuck it over". Exactly same shit with them god damn Tulip bulbs! Also, BTC is down 40% from Jan, the SP500 is only down 17%, Golds pretty much flat and the USD index is up 8% ytd If any of you Rhodes Scholars think at this exact moment in time that BTC is a fucking legit competitor to the USD you people are HIGH AF. There is absolutely too much variance in the price action for this to actually be taken serious as a real means of trade. |
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Posted: 5/18/2022 10:56:26 PM EDT
[#31]
Quote HistoryQuoted: There is absolutely too much variance in the price action for this to actually be taken serious as a real means of trade. No one really thinks it is, it's just gambling. I don't care if it is gambling cause freedom, but it's gambling. |
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Posted: 5/18/2022 11:07:39 PM EDT
[#32]
Quote HistoryQuoted: No one really thinks it is, it's just gambling. I don't care if it is gambling cause freedom, but it's gambling. 10-4 dinosaur  oki doki boomer |
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Posted: 5/18/2022 11:20:48 PM EDT
[#33]
Quote HistoryQuoted: See this is why I spend all my money on guns and ammo, haha Seemingly the safest hedge there is across all markets... until they ban it.
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Posted: 5/19/2022 12:03:08 AM EDT
[#34]
Quote HistoryQuoted:  How is the current crypto market any different than having money in the stock market? Values go down, values go up. The only way someone is "losing it all" is by purchasing a bunch of shitcoins at their peak value during a pump and dump and having the value crash and never go back up. Stocks are backed by assets and productive capability, you are gambling current management won't fuck up a good thing and go bankrupt. Crypto has no intrinsic value beyond the market and no utility beyond what someone is willing to give you for it. It is purely speculative. |
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Posted: 5/19/2022 12:06:10 AM EDT
[#35]
Quote HistoryQuoted: Stocks are backed by assets and productive capability, you are gambling current management won't fuck up a good thing and go bankrupt. Crypto has no intrinsic value beyond the market and no utility beyond what someone is willing to give you for it. It is purely speculative. Tell me you don’t understand proof of work without telling me you don’t understand proof of work. |
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Posted: 5/19/2022 12:26:01 AM EDT
[#36]
Quote HistoryQuoted: Tell me you don’t understand proof of work without telling me you don’t understand proof of work. Tell me you think you are a monetary genius w/o telling me…. Cryptographic verification is a mundane utility in all sorts of digital transactions including this post. While it has a value, it doesn’t posses any intrinsic value. |
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Posted: 5/19/2022 12:26:12 AM EDT
[#37]
Quote HistoryQuoted: Stocks are backed by assets and productive capability, you are gambling current management won't fuck up a good thing and go bankrupt. Crypto has no intrinsic value beyond the market and no utility beyond what someone is willing to give you for it. It is purely speculative. Quote HistoryQuoted: Quoted: How is the current crypto market any different than having money in the stock market? Values go down, values go up. The only way someone is "losing it all" is by purchasing a bunch of shitcoins at their peak value during a pump and dump and having the value crash and never go back up. Stocks are backed by assets and productive capability, you are gambling current management won't fuck up a good thing and go bankrupt. Crypto has no intrinsic value beyond the market and no utility beyond what someone is willing to give you for it. It is purely speculative. It may not be worth a tenth of what it is even now but what you said is factually untrue. There is utility in an internet protocol for moving value across the internet and even if that utility today is merely money laundering and drugs then that utility is a non-zero number. Once we establish that utility is already a non-zero number then it is fair to speculate on the degree to which that utility could be expanded to other useful areas with further development of the protocol. So "no utility" and "purely speculative" is flat out untrue. It may have little utility and be mostly speculative but there is legitimate minimum levels of utility that make it reasonable for traders and speculators to bid prices that may reflect a future value and utility that is greater than today. Perhaps no different than people paying retarded multiples for Amazon in 1999 during the dotcom bubble on the theory that the internet would eventually become as big as it actually did as of today. Of course, when you are in the moment, few people can pull their head out of their ass to see that possibility until it happens. People made the same arguments against crypto here when BTC was trading for under $100 and you can find those threads right now in the archives easily. |
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Posted: 5/19/2022 12:27:49 AM EDT
[#38]
Quote HistoryQuoted: Tell me you think you are a monetary genius w/o telling me…. Cryptographic verification is a mundane utility in all sorts of digital transactions including this post. While it has a value, it doesn’t posses any intrinsic value. Quote HistoryQuoted: Quoted: Tell me you don’t understand proof of work without telling me you don’t understand proof of work. Tell me you think you are a monetary genius w/o telling me…. Cryptographic verification is a mundane utility in all sorts of digital transactions including this post. While it has a value, it doesn’t posses any intrinsic value. Word salad. |
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Posted: 5/19/2022 12:40:40 AM EDT
[#39]
Will suck when the cost of crypto is so low that it will cost more in electricity just to check and cash out your wallet than it's worth.
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Posted: 5/19/2022 12:45:17 AM EDT
[#40]
Quote HistoryQuoted: Word salad. Words have meaning. Crypto has been exposed for what it has always been, fool’s gold. |
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Posted: 5/19/2022 12:52:07 AM EDT
[#41]
…..
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Posted: 5/19/2022 12:53:46 AM EDT
[#42]
Quote HistoryQuoted: Words have meaning. Crypto has been exposed for what it has always been, fool’s gold. Quote HistoryQuoted: Quoted: Word salad. Words have meaning. Crypto has been exposed for what it has always been, fool’s gold. Hows your faang stocks doing. Any of them lose like 30% of their value in a couple minutes lately? Backed by “real assets” lol. |
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Posted: 5/19/2022 12:55:12 AM EDT
[#43]
Quote HistoryQuoted: Hows your faang stocks doing. Any of them lose like 30% of their value in a couple minutes lately? Backed by “real assets” lol. Yup they sure have lost some value, but shares represent an equitable interest in assets. Many of those assets are priced at a discount to future earnings. That is awesome, I like bargains. |
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Posted: 5/19/2022 12:55:23 AM EDT
[#44]
Whyd you edit your post
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Posted: 5/19/2022 12:58:00 AM EDT
[#45]
Quote HistoryQuoted: Whyd you edit your post My comment wasn’t accurate. |
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Posted: 5/19/2022 12:58:05 AM EDT
[#46]
Quote HistoryQuoted: Yup they sure have lost some value, but shares represent an equitable interest in assets. Many of those assets are priced at a discount to future earnings. That is awesome. Quote HistoryQuoted: Quoted: Hows your faang stocks doing. Any of them lose like 30% of their value in a couple minutes lately? Backed by “real assets” lol. Yup they sure have lost some value, but shares represent an equitable interest in assets. Many of those assets are priced at a discount to future earnings. That is awesome. It represents a crack head having their crack taken away. |
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Posted: 5/19/2022 1:04:28 AM EDT
[#47]
Quote HistoryQuoted: It represents a crack head having their crack taken away. That doesn’t make any sense. You would rather buy ubiquitous cryptographic tokens and shun owning a portion of companies that produce real goods and services? |
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Posted: 5/19/2022 1:05:53 AM EDT
[#48]
Quote HistoryQuoted: That doesn’t make any sense. You would rather buy ubiquitous cryptographic tokens, and shun owning a portion of companies that produce real goods and services? Quote HistoryQuoted: Quoted: It represents a crack head having their crack taken away. That doesn’t make any sense. You would rather buy ubiquitous cryptographic tokens, and shun owning a portion of companies that produce real goods and services? I don’t think you understood a word i said, |
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Posted: 5/19/2022 1:07:24 AM EDT
[#49]
Quote HistoryQuoted: I don’t think you understood a word i said, You are correct, I did not. |
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Posted: 5/19/2022 1:14:22 AM EDT
[#50]
What happens when a pimp takes the crack away from a ho.
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