Seemingly trivial things that cheer you up
Comments
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A good, positive knowledge to have though, Pinno.pinno said:
No one would let me in.focuszing723 said:
You wouldn't get away with that kind of language in a Borg hive.pinno said:
Sod off you pair of wallies.pblakeney said:
Type Google into Google. Oh.... 😉briantrumpet said:pblakeney said:
It was nigh on $30k last week, now...pinno said:
So what is the general picture of Crypto currency then?rick_chasey said:Haha crypto bonfire doesn’t take a break over the weekend, and more and more of the “exchanges” get shown up as the Ponzi schemes we all said they were.
Your nonsense has no floor for value since it’s worthless and instead of just creates vast amounts of energy emissions and cripples the microchip market.
F@ck em all and anyone stupid enough to put money in it.
My brother tried (in vain) to convince me to buy some Bitcoins and..
Environmentally, Mining has horrendous consumption of energy.
PS - Does nobody else have access to Google? 🤣
Not sure. How would I find that out? 🤔
I though Rick was privy to some inside information.
Besides, there's an array of Crypto currencies.
I don't know where in Super galactic enterprise a knowledge of recycling would come in.
Perhaps when the moon is covered in worthless sh*t.
I would like to think in the future when AI craft evolve to mine planets and spread, they will also have evolved to make this a priority and not disturb anything.0 -
Yes, there are and in some cases they have improved the design and usability; however, bitcoin still seems to be the leader.Jezyboy said:Surely the range of other crypto currencies are alternatives?
Whatever you think of its long term purpose Satoshi Nakamoto was brilliantly clever0 -
That was a reply to tbb who saw no alternative to bitcoin. Rather than investment advice.rick_chasey said:
Lol they are tanking even harderJezyboy said:Surely the range of other crypto currencies are alternatives?
If bitcoin is a key answer to a problem (beyond being the wet dream of libertarians and criminals) then at least some of the other crypto currencies must also answer that question.
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It's like this though:focuszing723 said:
A good, positive knowledge to have though, Pinno.pinno said:
No one would let me in.focuszing723 said:
You wouldn't get away with that kind of language in a Borg hive.pinno said:
Sod off you pair of wallies.pblakeney said:
Type Google into Google. Oh.... 😉briantrumpet said:pblakeney said:
It was nigh on $30k last week, now...pinno said:
So what is the general picture of Crypto currency then?rick_chasey said:Haha crypto bonfire doesn’t take a break over the weekend, and more and more of the “exchanges” get shown up as the Ponzi schemes we all said they were.
Your nonsense has no floor for value since it’s worthless and instead of just creates vast amounts of energy emissions and cripples the microchip market.
F@ck em all and anyone stupid enough to put money in it.
My brother tried (in vain) to convince me to buy some Bitcoins and..
Environmentally, Mining has horrendous consumption of energy.
PS - Does nobody else have access to Google? 🤣
Not sure. How would I find that out? 🤔
I though Rick was privy to some inside information.
Besides, there's an array of Crypto currencies.
I don't know where in Super galactic enterprise a knowledge of recycling would come in.
Perhaps when the moon is covered in worthless sh*t.
I would like to think in the future when AI craft evolve to mine planets and spread, they will also have evolved to make this a priority and not disturb anything.
You have an irreconcilable heap pf sh!t.
So it's decided to make less sh!t in the future and make some of the sh!t re-useable. But it's only some of the sh!t and you're still adding to the pile of sh!t you had in the first place, only slower, marginally slower.
...and over in that corner... is another heap of sh!t because you've produced a whole lot of different sh!t and some of it get's re-used and the rest of it has no value. So the no value sh!t goes on a big pile somewhere unseen like Ghana or Indonesia and forms it's own unique pile of sh!t. But: you can pat yourselves on the back for this revolutionary idea and say that the sh!t you did re-use has multiple benefits.
The unseen pile of sh!t we send to the unseen world ends up in the rivers and the seas and we jump up and down a lot to tell the Indonesians and the Ghanaians that they are polluting the seas.
So wherever there are humans, there is sh!t and we leave a trail of it. I do not think it is possible for humans to do anything and not leave a trail of sh!t.
Mr and Mrs Smith go on their dream holiday to the Rockies.
Mr and Mrs Smith make damn sure when they camp and eat they leave everywhere as they found it and head back smug as... well, sh!t, forgetting that the car, the plane, and the car and the plane and the car they got in to complete the journey left a trail of... carbon based sh!t.
In the unregulated, unlegislated Universe of the AI intergalactic resource super trawler scenario - the AI would have been programmed by humans - and you know what that means. If AI was actually any good, the AI would question what we were doing in the first place and at any point, would conclude that the Humans they serve are thick as... sh!t.
[end of Sunday rant]seanoconn - gruagach craic!0 -
Bloody swear filter.seanoconn - gruagach craic!0
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Oh - and I get paid for buying and selling different types of sh!t that has some value.
I am officially awastesh!t broker.
seanoconn - gruagach craic!0 -
I think some of the silicone massive saw it as a way of getting rid of banks
I get what you mean. Space junk isn't a good example and start either.pinno said:
It's like this though:focuszing723 said:
A good, positive knowledge to have though, Pinno.pinno said:
No one would let me in.focuszing723 said:
You wouldn't get away with that kind of language in a Borg hive.pinno said:
Sod off you pair of wallies.pblakeney said:
Type Google into Google. Oh.... 😉briantrumpet said:pblakeney said:
It was nigh on $30k last week, now...pinno said:
So what is the general picture of Crypto currency then?rick_chasey said:Haha crypto bonfire doesn’t take a break over the weekend, and more and more of the “exchanges” get shown up as the Ponzi schemes we all said they were.
Your nonsense has no floor for value since it’s worthless and instead of just creates vast amounts of energy emissions and cripples the microchip market.
F@ck em all and anyone stupid enough to put money in it.
My brother tried (in vain) to convince me to buy some Bitcoins and..
Environmentally, Mining has horrendous consumption of energy.
PS - Does nobody else have access to Google? 🤣
Not sure. How would I find that out? 🤔
I though Rick was privy to some inside information.
Besides, there's an array of Crypto currencies.
I don't know where in Super galactic enterprise a knowledge of recycling would come in.
Perhaps when the moon is covered in worthless sh*t.
I would like to think in the future when AI craft evolve to mine planets and spread, they will also have evolved to make this a priority and not disturb anything.
You have an irreconcilable heap pf sh!t.
So it's decided to make less sh!t in the future and make some of the sh!t re-useable. But it's only some of the sh!t and you're still adding to the pile of sh!t you had in the first place, only slower, marginally slower.
...and over in that corner... is another heap of sh!t because you've produced a whole lot of different sh!t and some of it get's re-used and the rest of it has no value. So the no value sh!t goes on a big pile somewhere unseen like Ghana or Indonesia and forms it's own unique pile of sh!t. But: you can pat yourselves on the back for this revolutionary idea and say that the sh!t you did re-use has multiple benefits.
The unseen pile of sh!t we send to the unseen world ends up in the rivers and the seas and we jump up and down a lot to tell the Indonesians and the Ghanaians that they are polluting the seas.
So wherever there are humans, there is sh!t and we leave a trail of it. I do not think it is possible for humans to do anything and not leave a trail of sh!t.
Mr and Mrs Smith go on their dream holiday to the Rockies.
Mr and Mrs Smith make damn sure when they camp and eat they leave everywhere as they found it and head back smug as... well, sh!t, forgetting that the car, the plane, and the car and the plane and the car they got in to complete the journey left a trail of... carbon based sh!t.
In the unregulated, unlegislated Universe of the AI intergalactic resource super trawler scenario - the AI would have been programmed by humans - and you know what that means. If AI was actually any good, the AI would question what we were doing in the first place and at any point, would conclude that the Humans they serve are thick as... sh!t.
[end of Sunday rant]0 -
I think that if bitcoin is still the leader inspite of having worse functionality/usability that points to crypto being more of a fashion scene than a currency (or investment...although surely currencies and investments are different vehicles)TheBigBean said:
Yes, there are and in some cases they have improved the design and usability; however, bitcoin still seems to be the leader.Jezyboy said:Surely the range of other crypto currencies are alternatives?
Whatever you think of its long term purpose Satoshi Nakamoto was brilliantly clever
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For all the things you want money to do, it is utterly crap.
How long do you think the average BTC transaction takes? And how many times more energy does it use vs a conventional money transaction?0 -
Not that long ago wasn't it being touted as a hedge against inflation?0
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Lol by Ponzi scheme operators?kingstongraham said:Not that long ago wasn't it being touted as a hedge against inflation?
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As ever, the get-rich-quick schemes can rapidly turn into get-poor-quick schemes.0
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I would have gone with trust rather than fashion. Much like currencies eg the Zim dollar lost people's trust.Jezyboy said:
I think that if bitcoin is still the leader inspite of having worse functionality/usability that points to crypto being more of a fashion scene than a currency (or investment...although surely currencies and investments are different vehicles)TheBigBean said:
Yes, there are and in some cases they have improved the design and usability; however, bitcoin still seems to be the leader.Jezyboy said:Surely the range of other crypto currencies are alternatives?
Whatever you think of its long term purpose Satoshi Nakamoto was brilliantly clever0 -
It's worth more in real terms than was before covid. Obviously a lot more volatile in that time .kingstongraham said:Not that long ago wasn't it being touted as a hedge against inflation?
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What was inflation during the time it was growing in price and inflation when it has crashed?TheBigBean said:
It's worth more in real terms than was before covid. Obviously a lot more volatile in that time .kingstongraham said:Not that long ago wasn't it being touted as a hedge against inflation?
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Do you think index linked gilts provide a return the same as inflation over the short term? I'm certainly not claiming that Bitcoin is a perfect inflation hedge, but your line of thinking doesn't really work.kingstongraham said:
What was inflation during the time it was growing in price and inflation when it has crashed?TheBigBean said:
It's worth more in real terms than was before covid. Obviously a lot more volatile in that time .kingstongraham said:Not that long ago wasn't it being touted as a hedge against inflation?
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Not perfect? That's exceedingly generous for something that has tanked when inflation has happened.TheBigBean said:
Do you think index linked gilts provide a return the same as inflation over the short term? I'm certainly not claiming that Bitcoin is a perfect inflation hedge, but your line of thinking doesn't really work.kingstongraham said:
What was inflation during the time it was growing in price and inflation when it has crashed?TheBigBean said:
It's worth more in real terms than was before covid. Obviously a lot more volatile in that time .kingstongraham said:Not that long ago wasn't it being touted as a hedge against inflation?
It just isn't.
Increasing interest rates may have made it less attractive, which also means it's just not an inflation hedge.
My line of thinking is simply that an inflation hedge doesn't lose 50% of its value as inflation rises. It's a speculative holding, with no value. It's not a ponzi scheme, which some of the other coins clearly are, but is an investment in search of a use.0 -
OK, so I can see how being able to anonymously buy things on the internet could be an advantage for certain markets and presumably once I buy £500 of bitcoin to spend on drugs or guns nobody knows what I have done with it.
Coming back the other way though, if I had mad a fortune selling class As and AKs suddenly transfer hundreds of grand in bitcoin into sterling and pay it into my bank, wouldn't it raise some kind of alarm bells at natwest?Jezyboy said:
If bitcoin is a key answer to a problem (beyond being the wet dream of libertarians and criminals) then at least some of the other crypto currencies must also answer that question.0 -
I'm not even arguing that bitcoin is an inflation hedge just that your argument doesn't really make sense.
Treasury 0.125% Index-Linked 2029
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What argument are you talking about?TheBigBean said:I'm not even arguing that bitcoin is an inflation hedge just that your argument doesn't really make sense.
Treasury 0.125% Index-Linked 20290 -
This theead is supposed to be about cheering people up, so I'll leave it there.0
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People losing faith in bitcoin cheers me up too.
I think you are disputing something that you attributed to me, and there's nothing I can do about that.0 -
Monetary notes are just fancy IOUs if you look at them from that point of view.rick_chasey said:There is no intrinsic value in it. It’s worthless
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Yes. It’s like they’ve come up with an utterly sh!t version of fiat money that does all the important things badly. Like holding its value or at least being stable, making transactions fast and easy and using 3000 times more energy per transaction.pblakeney said:
Monetary notes are just fancy IOUs if you look at them from that point of view.rick_chasey said:There is no intrinsic value in it. It’s worthless
And to do what? Create Ponzi schemes?
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Since you've brought it on topic. I attributed the following to you.kingstongraham said:People losing faith in bitcoin cheers me up too.
I think you are disputing something that you attributed to me, and there's nothing I can do about that.
Hypothesis - Bitcoin does not provide any inflation hedging
Proof - It has gone down in value in a period of high inflation.
I countered this proof by evidencing that an index-linked gilt has also lost value over a similar period. Index-linked gilts provide inflation hedging if held to maturity.
Bitcoin discussions don't cheer me up.
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Have you ever transferred money outside Europe?rick_chasey said:
Yes. It’s like they’ve come up with an utterly sh!t version of fiat money that does all the important things badly. Like holding its value or at least being stable, making transactions fast and easy and using 3000 times more energy per transaction.pblakeney said:
Monetary notes are just fancy IOUs if you look at them from that point of view.rick_chasey said:There is no intrinsic value in it. It’s worthless
And to do what? Create Ponzi schemes?0 -
They promise to pay the bearer x pounds. No idea what that is. Perhaps it is another note promising to pay the bearer.pblakeney said:
Monetary notes are just fancy IOUs if you look at them from that point of view.rick_chasey said:There is no intrinsic value in it. It’s worthless
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Also, it should cheer you all up how much bitcoin mining is done with renewable energy now.0
