Cryptocurrency Lolcows

  • Want to keep track of this thread?
    Accounts can bookmark posts, watch threads for updates, and jump back to where you stopped reading.
    Create account
Skeealator said:
I don't think anyone really knows what these futures markets will do to the price of Bitcoins. All I know is that trying to short something this volatile is very dangerous even if you think Bitcoins are in a bubble.
Click to expand...

If you short Shitcoins you'd best know exactly what you're doing because while this ludicrous $15K price is obviously bubble-y at best, who knows? Suppose it goes up to a million in the time frame you're shorting it in before collapsing back to a penny?
 
Skeealator said:
I don't think anyone really knows what these futures markets will do to the price of Bitcoins. All I know is that trying to short something this volatile is very dangerous even if you think Bitcoins are in a bubble.
Click to expand...
The CME thing was denied (again) yesterday, (everyone talks like it's still going through, I swear I read something from the CFTC yesterday) so the "futures" everyone is talking about is already out. Technically there's already futures (OKEx, BitMex), but they're just normal unregulated cryptoexchange things, not the special regulated variant institutional investors "need".

Not to sound too much like a oracle but the whole point of regulated futures is to onboard people who cannot do so right now for regulatory reasons, so the price would go up.

Edit: maybe I was thinking about this: https://fia.org/articles/open-lette...-regarding-listing-cryptocurrency-derivatives
 
Last edited:
AnOminous said:
If you short Shitcoins you'd best know exactly what you're doing because while this ludicrous $15K price is obviously bubble-y at best, who knows? Suppose it goes up to a million in the time frame you're shorting it in before collapsing back to a penny?
Click to expand...

You can lose your shirt even when you're mostly right. Eisman from The Big Short knew the housing market was an enormous bubble, and still he almost went completely broke.
 
While I was waiting in line at the post office today, the Russian international student in front of me was freaking out in broken English about how he just lost 300 USD in bitcoin because he lost the piece of paper where he wrote down his wallet's randomized password, and there's no password recovery service. His Pajeet gf looked about ready to crucify him on the spot.
 
millais said:
While I was waiting in line at the post office today, the Russian international student in front of me was freaking out in broken English about how he just lost 300 USD in bitcoin because he lost the piece of paper where he wrote down his wallet's randomized password, and there's no password recovery service. His Pajeet gf looked about ready to crucify him on the spot.
Click to expand...
Now that's funny!
 
Trilby said:
Now that's funny!
Click to expand...
It was the strangest scene. I wasn't even aware there were bitcoin wallets that didn't have some sort of password recovery feature, but the way this Slavic soyboy-type numale was fuming, it sounded like he really got his jimmies rustled by such a thing. Halfway through trying to explain bitcoin and blockchains and wallets to his Pajeet gf, he just up and dialed Moscow and from what little I understood of the Russian cognates, he had some crypto explaining to do with the folks back home too.

That wasn't even the most amusing person at the post office today, that award goes to the young Arab guy who spoke with a perfect American accent but didn't know where to write the sender's and recipient's addresses on the envelope and wasn't aware he needed a stamp to mail it. Lucky for him someone took him aside to explain everything; can you believe he was trying to mail his taxes for the quarter!
 
millais said:
That wasn't even the most amusing person at the post office today, that award goes to the young Arab guy who spoke with a perfect American accent but didn't know where to write the sender's and recipient's addresses on the envelope and wasn't aware he needed a stamp to mail it. Lucky for him someone took him aside to explain everything; can you believe he was trying to mail his taxes for the quarter!
Click to expand...
Damn, this is why learning how the postal service works is mandatory (and Western Union).
 
CrunkLord420 said:
Technically there's a thing called mnemonic seed, which might be what he wrote down. That's not a password, that is supposed to be your ultra-secret backup for when you forget your password.
Click to expand...

The "password" you type in to decrypt a wallet isn't actually the private key. It's what you use to decrypt the wallet itself. Wallet/key generation is deterministic, and that seed is what you can use, at any time, to regenerate the wallet along with the private keys.

Most wallets now tell you to write this down and save it somewhere secure.

There's no recovery feature because it would be absolutely insane to have one and open you to being robbed blind by pretty much anyone.
 
New all time highs, looks like the futures market have BTC a shot in the arm.
 
Bruce Stirling was a cyberpunk author of some renown in the 90s. He wrote a book called "Heavy Weather" in 1994 which basically describes our world now, though the book is set in the 2040s. One thing that stands out is that the US economy has totally been disrupted by the rise of private currency. When I first heard about cryptocurrencies, that's what I thought of.
 
DrJonesHat said:
Bruce Stirling was a cyberpunk author of some renown in the 90s. He wrote a book called "Heavy Weather" in 1994 which basically describes our world now, though the book is set in the 2040s. One thing that stands out is that the US economy has totally been disrupted by the rise of private currency. When I first heard about cryptocurrencies, that's what I thought of.
Click to expand...
Certainly happening.
 
Of course, the book had AI-controlled drones and a cure for autism, so it wasn't totally on the mark.
 
Dunno if this is fully lolcow but I think it's lolcow adjacent. The amount of hatred towards chainlink on /biz/is just insane and has turned the coin into an abject meme. Some guy just created a version of Eminems Without Me with chainlink lyrics which kind of made me chuckle:

I've created a monster, ‘cause nobody wants to
buy chainlink no more, they want updates, I'm chopped liver

Well, if you want updates, then this is what I'll give ya
A little bit of Rory mixed with some hard liquor

Some FOMO that'll pump this coin quicker
Than a blockfolio screenshot with all green tickers
From the normies when the trade bots aren't operating
Cause binance is finally co-operating (heyyy!)

You waited this long, now stop debating
‘Cause Link's back, it's on the rag and ovulating
We know that you're just hating
Cause your shitcoins dump problem is complicating!

So the SEC won't let me be
Or let me be tax free, so let me see
Whales try to shut link down by pumping BTC
But it feels so empty without me

So come on don't quit, buy all the dips
Fuck that! Buy at the top and cry about it
And get ready, ‘cause these bags are about to get heavy
I just sold all my profits; fuck you, Sergey!

Now this looks like a job for me
So everybody, just FUD with me!
‘Cause we need a little controversy
‘Cause /biz/ feels so empty without me

Little hellions, kids feeling rebellious
Embarrassed their friends wont invest into Request
They start feeling deluded and helpless
'Til someone comes along on a mission and yells, "JUST"

A visionary, memes can be scary
Could start a revolution, polluting /biz/ all day
A rebel, so just let me revel and bask
In the fact that I got everyone posting link's ass

And it's a disaster, such a catastrophe
For you to see so much of my losses; are you happy?

Well, I'm back, na-na-na-na-na-na-na-na-na-na
Fix your link delima
Buy in and then I'm gonna enter over your last bid like a splinta
The center of attention, back for the winna

I'm interesting, the best thing in investing
Infesting in your portfolio and nesting
Testing, attention please
Feel the tension soon as normies mention me
Dump my linkies? My bags will soon be free
A nuisance, who sent? You sent for me?

Now this looks like a job for me
So everybody, just FUD with me!
‘Cause we need a little controversy
‘Cause /biz/ feels so empty without me

A tisk-it a task-it, I'll go tit for tat with
Anybody who's pumpin "this shit, that shit"
Vitalik, you can get your ass kicked
Worse than your little etherium bastards

And Rory? You can get your cuck face glory'd
You 36-year-old baldheaded fag, blow me!
You don't know me, you're too old, let go, It's over
Sergey doesn't post any FOMO!

Now let's go, just give me the signal
I'll be there with a whole list full of new cryptos
I'm dead broke, deluded but wishful
Ever since Sergey turned himself into a symbol

But sometimes the shit just seems
that /biz/ only wants to discuss me
So this must mean I'm disgusting
But it's not me, Link's just a scheme

No, I'm not the first king of controversy
But I have no intent of showing mercy
I'll crash Link's value so selfishly
And use it to get myself wealthy

(Heyyy!) There's a concept that works
Twenty million other shitcoins emerge
But no matter how many fish in the sea
It'll be so empty without me

Now this looks like a job for me
So everybody, just FUD with me!
‘Cause we need a little controversy
‘Cause /biz/ feels so empty without me
 
chekovia said:
Dunno if this is fully lolcow but I think it's lolcow adjacent. The amount of hatred towards chainlink on /biz/is just insane and has turned the coin into an abject meme. Some guy just created a version of Eminems Without Me with chainlink lyrics which kind of made me chuckle:

I've created a monster, ‘cause nobody wants to
buy chainlink no more, they want updates, I'm chopped liver

Well, if you want updates, then this is what I'll give ya
A little bit of Rory mixed with some hard liquor

Some FOMO that'll pump this coin quicker
Than a blockfolio screenshot with all green tickers
From the normies when the trade bots aren't operating
Cause binance is finally co-operating (heyyy!)

You waited this long, now stop debating
‘Cause Link's back, it's on the rag and ovulating
We know that you're just hating
Cause your shitcoins dump problem is complicating!

So the SEC won't let me be
Or let me be tax free, so let me see
Whales try to shut link down by pumping BTC
But it feels so empty without me

So come on don't quit, buy all the dips
Fuck that! Buy at the top and cry about it
And get ready, ‘cause these bags are about to get heavy
I just sold all my profits; fuck you, Sergey!

Now this looks like a job for me
So everybody, just FUD with me!
‘Cause we need a little controversy
‘Cause /biz/ feels so empty without me

Little hellions, kids feeling rebellious
Embarrassed their friends wont invest into Request
They start feeling deluded and helpless
'Til someone comes along on a mission and yells, "JUST"

A visionary, memes can be scary
Could start a revolution, polluting /biz/ all day
A rebel, so just let me revel and bask
In the fact that I got everyone posting link's ass

And it's a disaster, such a catastrophe
For you to see so much of my losses; are you happy?

Well, I'm back, na-na-na-na-na-na-na-na-na-na
Fix your link delima
Buy in and then I'm gonna enter over your last bid like a splinta
The center of attention, back for the winna

I'm interesting, the best thing in investing
Infesting in your portfolio and nesting
Testing, attention please
Feel the tension soon as normies mention me
Dump my linkies? My bags will soon be free
A nuisance, who sent? You sent for me?

Now this looks like a job for me
So everybody, just FUD with me!
‘Cause we need a little controversy
‘Cause /biz/ feels so empty without me

A tisk-it a task-it, I'll go tit for tat with
Anybody who's pumpin "this shit, that shit"
Vitalik, you can get your ass kicked
Worse than your little etherium bastards

And Rory? You can get your cuck face glory'd
You 36-year-old baldheaded fag, blow me!
You don't know me, you're too old, let go, It's over
Sergey doesn't post any FOMO!

Now let's go, just give me the signal
I'll be there with a whole list full of new cryptos
I'm dead broke, deluded but wishful
Ever since Sergey turned himself into a symbol

But sometimes the shit just seems
that /biz/ only wants to discuss me
So this must mean I'm disgusting
But it's not me, Link's just a scheme

No, I'm not the first king of controversy
But I have no intent of showing mercy
I'll crash Link's value so selfishly
And use it to get myself wealthy

(Heyyy!) There's a concept that works
Twenty million other shitcoins emerge
But no matter how many fish in the sea
It'll be so empty without me

Now this looks like a job for me
So everybody, just FUD with me!
‘Cause we need a little controversy
‘Cause /biz/ feels so empty without me
Click to expand...
BitBean music was pretty good, the guy dancing in a BitBean mask video is gone though, maybe he held too long :lol:
 
I mean at the very least just the fact that he talked all kinds of shit about Andreas, sparked the community to donate well over $1MM USD (--worth of BTC AT THE TIME) to him, then...what two weeks later Ver is acting like Andreas should be thanking him for talking shit to him.

Fuck my ass.
 
Relatively well known crypto community WhalePool is opening a WOMEN ONLY Telegram group: https://twitter.com/whalepool/status/943215674117296130 (https://archive.fo/R84rQ)
upload_2017-12-19_12-50-24.png

upload_2017-12-19_12-50-36.png

upload_2017-12-19_12-50-46.png

upload_2017-12-19_12-50-54.png

upload_2017-12-19_12-51-6.png
 
You must log in or register to reply here.
Back
Top Bottom