Bitcoin

Water Cooler
#41
#42

ah yes, a different kind of poke her

#43

Oh, bitcoin futures up 10%, this is so exciting!

#44

https://m.investing.com/crypto/

Is this the end?

#45

Oh we’ve already reached the end.

https://www.cnbc.com/amp/2017/12/11/people-are-taking-out-mortgages-to-buy-bitcoin-says-joseph-borg.html?__twitter_impression=true

https://www.bloomberg.com/amp/news/articles/2017-12-20/more-people-are-looking-to-buy-bitcoin-with-their-credit-cards?__twitter_impression=true

#46

Jeez… And that’s how it will spill over into general economy

#47

cue the chorus of crypto maniacs who look at this as an amazing buying opportunity!

real world christmas bills are starting to hit. people are selling their BTC to fund their purchase of a nice new shiny GPU for BTC mining! money for nothing and your chicks for free!

#48

Dire Straits, so underrated

#49

Its going to be so delicious, drinking all those tears of the hipsters when they lose everything to their emotional trading of the bitcoin

#50

it was beautiful though. the bitcoin mania was something never seen before. the rise, the fall, everything about it. we prolly will never see one in our lifetimes or are grandkids etc etc. truly remarkable.

#51

https://www.bloomberg.com/news/articles/2017-12-22/michael-novogratz-shelves-plans-to-start-crypto-hedge-fund

LOL

#52

Idk man I saw some other memes that got pretty big pretty fast then crashed. Kony 2012 comes to mind. Noone lost their lifes savings over it but still same principle.

#53

chart? never heard of kony.

#54

Mm, indeed. Although maybe not enough, I tried to get tickets to see Mark Knopfler a few years ago and they were like a couple hundred bucks. Foh with that, breh.

#55

Had the same experience last summer. Think the cheapest in the house were 300 per, smaller venue though mind you. I had to settle for some quality vinyl instead.

I got tickets to see the Eagles next summer, stoked for that.

#56

Hell yes I’m definitely going to that one too.

#57

Transfer fees were really high last night. Like 10x normal.

#58

They charge different rates for transfers depending on time?

#59

I’m not entirely sure. It was usually $3 per transfer for me, but last night it was at $30.13. I think it has to do with the demand for the Bitcoin and people rapidly investing to speculate. Also, higher transaction fees are prioritized in bitcoin. Its changing the way Bitcoin is used as an instrument.

https://www.bloomberg.com/view/articles/2017-11-14/bitcoin-s-high-transaction-fees-show-its-limits

“As Bitcoin’s exchange rate rose rapidly and more people wanted to get in on the boom, getting into blocks became difficult, and miners prioritize transactions on which users are willing to pay a higher fee. It works a bit like Uber’s surge pricing”

#60

^ haha. great system.

  1. pay way more to access your money when people in general want to access their money. imagine you had to pay a ~20% commission to get money out of your bank account when you lose your job and the economy was tanking and you need money to eat? it would probably sting a bit. or you just buy groceries on your visa, get 3% back, and pay that amount off in cash in 30 days.

  2. lose all of your money in an EMP attack.

  3. get robbed of your money by hackers every now and then with little recourse.

yeah, let’s bail on the western world’s greatest innovation - various lines of credit and thereby a much improved way of life for the masses - and instead revert to a form of cash that comes with high commissions, no rewards for its use and is more susceptible to theft than cash. there’s a reason why only shady chinese restaurants give you a discount for using cash…