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Everyone Is Getting Hilariously Rich and Youre Not (NYT crypto hit piece)

https://mobile.nytimes.com/2018/01/13/style/bitcoin-milliona...
seemingly passionate gay porn scene
  01/13/18
“When I meet people in the normal world now, I get bored,” M...
seemingly passionate gay porn scene
  01/13/18
James Fickel, 26, lives in a high-rise with a Russian blue c...
seemingly passionate gay porn scene
  01/13/18
Is it even possible to cash out $350 million of ETH?
michael CharlesXIIikoff
  01/14/18
i think coinbase can get your withdrawal limit up to $1M/day...
jerry garcia
  01/14/18
how much do they charge to give you your money? 3%?
sealclubber
  01/14/18
fuck, there's a link.
MoreDoughHi
  01/13/18
“All I know is the price of ether is going to go up,” Mr. Hu...
seemingly passionate gay porn scene
  01/13/18
The suicides will be awesome.
ARE Reptile
  01/13/18
...
sealclubber
  01/14/18
As the holiday party filled up, a cryptocurrency rapper call...
seemingly passionate gay porn scene
  01/13/18
keep talking shit about luis fgt
Darsint
  01/13/18
...
short quotemo
  01/14/18
Uh, this isn’t good. I want this article in like 6 months af...
NeilArmstrong
  01/13/18
The crash is coming
From a Bloomington Bathhouse on the Hill
  01/13/18
you sure about that
Colonel Chet Muscles
  01/13/18
everybody thinks they're wise when they say this. of course ...
Oh, you travel?
  01/13/18
...
HodlUpHodlUpWait
  01/13/18
...
master big dog agreement
  01/14/18
it's not a guess, though, is it? it's a fundamental certain...
sealclubber
  01/14/18
That's a simplistic view. At some point when btc was 5,001, ...
Diamond Dallas im a Chad btw
  01/14/18
what need does crypto fill? what does it accomplish that th...
sealclubber
  01/14/18
Have you read up on blockchain? There's plenty of informatio...
Oh, you travel?
  01/14/18
the answer is yes. i'm not an expert, at all, but i am not c...
sealclubber
  01/14/18
I don't know what problem cryptocurrency solves to be honest...
Oh, you travel?
  01/14/18
your first sentence is what i am basing my opinion on at thi...
sealclubber
  01/14/18
...
Oh, you travel?
  01/14/18
...
From a Bloomington Bathhouse on the Hill
  01/14/18
cr, one of the disadvantages of the EU is that southern euro...
nihilist star wars
  01/14/18
lol faggot
From a Bloomington Bathhouse on the Hill
  01/16/18
Not Flame: I was at a cafe and the barrista was talking abou...
Savage_Noble
  01/13/18
when my bro from HS who never went to college messaged me ab...
Seamen on Broadway
  01/14/18
this kind of exposure is not good.
Oh, you travel?
  01/13/18
These fools are gonna get kidnapped or blackmailed LMAO
@realmanowar
  01/13/18
...
seemingly passionate gay porn scene
  01/13/18
...
Buck "The Club" Paulette
  01/14/18
...
David Fleischman at Ortho Mattress
  01/14/18
...
Oh, you travel?
  01/14/18
Data suggests that about 94 percent of the Bitcoin wealth is...
LTDanKaffe
  01/13/18
to show that women are stupid and weak?
Colonel Chet Muscles
  01/13/18
...
HodlUpHodlUpWait
  01/13/18
...
short quotemo
  01/14/18
...
Reality Loser
  01/14/18
...
seemingly passionate gay porn scene
  01/13/18
Give the dems reason to ban it once they take control of con...
Absolutely Devastating
  01/13/18
Because Bitcoin obviously discriminates against women. Bigo...
85 IQ migrant generating wealth
  01/14/18
Enjoyed that part
Gitmo Detainee tearing up his HOPE poster
  01/14/18
wow guys, a TESLA
Wilbur "big dog" Mercer
  01/13/18
...
n o s i n s f o r g i v e n
  01/14/18
...
sealclubber
  01/14/18
HODL, “hold” typed very fast, as if in a panic. this is b...
Wilbur "big dog" Mercer
  01/13/18
"but his main hobbies were reading 4chan and buying vin...
David Fleischman at Ortho Mattress
  01/14/18
...
seemingly passionate gay porn scene
  01/14/18
yeah, the 'vintage' pornography that requires anonymity is a...
sealclubber
  01/14/18
...
Wilbur "big dog" Mercer
  01/14/18
...
short quotemo
  01/14/18
This reminds me of my friends that did RE during the housing...
[_____Sign Here____]
  01/14/18
Didn’t u lose ur life savings on circuit city stock ;)
short quotemo
  01/14/18
Not life savings. It was about $5k, which was a lot to me ba...
[_____Sign Here____]
  01/14/18
cr
short quotemo
  01/14/18
R u Myprolecalledlife, bother?
[_____Sign Here____]
  01/14/18
The goal may be decentralization, but the money is extremely...
Diamond Dallas im a Chad btw
  01/14/18
Wait until they figure out the connection with a racist law ...
Eron Muks
  01/14/18
these people are fucking insane "“When I meet people...
Satoshi Nakamoto
  01/16/18


Poast new message in this thread



Reply Favorite

Date: January 13th, 2018 9:49 PM
Author: seemingly passionate gay porn scene

https://mobile.nytimes.com/2018/01/13/style/bitcoin-millionaires.html?_r=0

SAN FRANCISCO — Recently the founder of something called Ripple briefly became richer than Mark Zuckerberg. Another day an anonymous donor set up an $86 million Bitcoin-fortune charity called the Pineapple Fund. A Tesla was spotted with a BLOCKHN license plate. There’s a surge in people looking to buy Bitcoin on their credit cards. After the Long Island Iced Tea company announced it would pivot to blockchain, its stock rose 500 percent in a day.

In 2017, the cryptocurrency Bitcoin went from $830 to $19,300, and now quivers around $14,000. Ether, its main rival, started the year at less than $10, closing out 2017 at $715. Now it’s over $1,100. The wealth is intoxicating news, feverish because it seems so random. Investors trying to grok the landscape compare it to the dot-com bubble of the late 1990s, when valuations soared and it was hard to separate the Amazons and Googles from the Pets.coms and eToys.

The cryptocurrency community is centered around a tightknit group of friends — developers, libertarians, Redditors and cypherpunks — who have known each other for years through meet-ups, an endless circuit of crypto conferences and internet message boards. Over long hours in anonymous group chats, San Francisco bars and Settlers of Catan game nights, they talk about how cryptocurrency will decentralize power and wealth, changing the world order.

The goal may be decentralization, but the money is extremely concentrated. Coinbase has more than 13 million accounts that own cryptocurrencies. Data suggests that about 94 percent of the Bitcoin wealth is held by men, and some estimate that 95 percent of the wealth is held by 4 percent of the owners.

There are only a few winners here, and, unless they lose it all, their impact going forward will be outsize.

They also remember who laughed at them and when.

James Spediacci and his twin brother, Julian, who bought ether when it was about 30 cents, now run one of the most popular whale clubs: private cryptocurrency trading communities where crypto syndicates are coordinated in group chats. He showed me a screen shot of his Facebook post from 2014 telling everyone to buy ether.

Crypto Castle

Whether it’s all built on sand or not, the crypto castle has risen. There’s an actual house called the Crypto Castle, and the king is Jeremy Gardner, 25, a rakish young investor with a hedge fund who has become the de facto tour guide for crypto newcomers.

Early one afternoon, he opened a bottle of rosé while he charged half a dozen external batteries so he wouldn’t have to ever plug in his phone in Ibiza, Spain, the next week.

“I do I.C.O.s. It’s my thing,” he said. He wore a pink button-front and pink pants. “It’s me, a couple V.C.s and a lot of charlatans.”

An initial coin offering is a way to raise money: A company creates its own cryptocurrency and investors buy into the new coin, without actually buying a stake in the company. Mr. Gardner led an I.C.O. for his start-up Augur, creating an “Augur token” that he then sold to raise real world money. These tokens sold fast, and it is one of the forces that kicked off this boom. For a time, the value of Augur, a market-forecasting start-up with few customers, exceeded $1 billion.

A half-unpacked suitcase in Jeremy Gardner’s bedroom at the Crypto Castle in San Francisco.CreditJason Henry for The New York Times

About eight people live in the Crypto Castle on any given night, and some of Mr. Gardner’s tenants brought out snacks (Cheez-Its and a jar of Nutella). One of the bedrooms has a stripper pole. Mr. Gardner leaned back into the sofa and rested his feet on the table. He recently did an I.C.O. for a start-up after-party. “You can I.C.O. anything,” he said. He runs Distributed, a 180-page magazine about cryptocurrency that comes out about once a year. He is now raising $75 million for his hedge fund, Ausum Ventures (pronounced “awesome”). He said his closest friends are moving to Puerto Rico to get around paying taxes.

“They’re going to build a modern-day Atlantis out there,” he said. “But for me, it’s too early in my career to check out.”

He wears a bracelet from his Burning Man camp (Mayan Warrior) and a necklace that is a key on a chain. “I was given this necklace and was told my net worth would go up, and it’s gone up six x since then,” he said.

He drew a chart to explain the crypto community: 20 percent for ideology, 60 percent for the tech and 100 percent for the money, he said, drawing a circle around it all.

A roommate on the sofa perked up and asked if he’d ever invest in his lucid dreams start-up (the idea is a headpiece that induces them). Mr. Gardner did not seem impressed: “Probably not,” he said. A reality show wants to follow him around, but he’s skeptical that it can add to his life.

“I literally have a date with Bella Hadid not having a reality show,” he said.

A few weeks after we first met, as the Bitcoin price exploded in December, Mr. Gardner seemed shaken. People had begun making pilgrimages to the Crypto Castle, knocking on the door, hoping Mr. Gardner could help them invest.

“Nothing feels real, it doesn’t feel real,” he said. “I’m ready for crypto assets to go down 90 percent. I’ll feel better then, I think. This has been too insane.”

Grant Hummer, who runs the San Francisco Ethereum Meetup, lives there. Long hallways called Bitcoin Boulevard and Ethereum Alley lead to communal bathrooms. Mr. Hummer and his co-founder committed $40 million of their own crypto-made money to their new $100 million hedge fund, Chromatic Capital.

“My neurons are fried from all the volatility,” Mr. Hummer said. “I don’t even care at this point. I’m numb to it. I’ll lose a million dollars in a day and I’m like, O.K.”

His room is simple: a bed, a futon, a TV on a mostly empty media console, three keyboard cleaning sprays and a half dozen canisters of Lysol wipes. His T-shirt read, ‘The Lizard of Wall Street,’ with a picture of a lizard in a suit, dollar-sign necklaces around its neck. He carries with him a coin that reads, “memento mori,” to remind himself he can die any day. He sees the boom as part of a global apocalypse.

“The worse regular civilization does and the less you trust, the better crypto does,” Mr. Hummer said. "It’s almost like the ultimate short trade.”

Mr. Hummer went out to meet Joe Buttram, 27, for drinks. As a mixed martial arts. fighter, Mr. Buttram said he would fight for a couple hundred bucks, sometimes a few thousand, and worked security at a start-up, but his main hobbies were reading 4chan and buying vintage pornography, passions that exposed him to cryptocurrency.

He said his holdings are into double-digit millions but wouldn’t give specifics other than to say he’d quit his job and is starting a hedge fund. There’s a common paranoia among the crypto-wealthy that they’ll be targeted and robbed since there’s no bank securing the money, so many are obsessively secretive. Many say even their parents don’t know how much they’ve made. This also allows people to pretend to be wealthier than they are, of course.

“It’s unforgiving,” Mr. Buttram said. “You make one mistake and it’s all gone.”

They talk about buying Lamborghinis, the single acceptable way to spend money in the Ethereum cryptocurrency community. The currency’s founder frequently appears in fan art as Jesus with a Lamborghini. Mr. Buttram says he’s renting an orange Lambo for the weekend. And he wears a solid gold Bitcoin “B” necklace encrusted with diamonds that he had made. Otherwise, HODL.

This is one of the core beliefs in this community: HODL, “hold” typed very fast, as if in a panic. HODL even if you feel FUD — fear, uncertainty and doubt. If you show wealth, it means you don’t really believe in the cryptocurrency revolution, a full remake of the financial system, governments and our world order that will send the price of ether up astronomically.

“HODL when everyone has FUD,” Mr. Hummer said quietly, to explain why he still lives in a dorm room. “This will change civilization. This can 100 x or more from here.”

He knows this is strange.

“When I meet people in the normal world now, I get bored,” Mr. Hummer said. “It’s just a different level of consciousness.”

The tone turns somber.

“Sometimes I think about what would happen to the future if a bomb went off at one of our meetings,” Mr. Buttram said.

Mr. Hummer said, “A bomb would set back civilization for years.”

A few days later, Mr. Hummer was working from his co-founder’s apartment.

James Fickel, 26, lives in a high-rise with a Russian blue cat called Mr. Bigglesworth. Mr. Fickel is known in the community for “going full YOLO” and investing $400,000 when Ethereum was at 80 cents. Now, with a fortune he says is in the hundreds of millions, his parents have retired and sent his younger sister to live with him.

“I’m taking over her education,” Mr. Fickel said, sitting on a white leather sofa, Mr. Bigglesworth asleep in his impossibly skinny arms.

Today, Mr. Fickel is outlining the endgame for cryptocurrency true believers.

“It’s the entire world reorganizing itself,” Mr. Fickel said. “We could get rid of our armies because for the first time you’ll have people saying, ‘I want to vote for a global order.’ It’s the internet waking up — it’s the internet grabbing its pitchfork. That’s the blockchain.”

Mr. Hummer is skeptical.

“All I know is the price of ether is going to go up,” Mr. Hummer said.

At a jazz bar a few days later, I run into Mr. Fickel’s personal trainer, Alan Chen, who is now running in this crypto circle. Mr. Fickel had convinced Mr. Chen to put his savings into Ethereum.

“I’m retired, man,” Mr. Chen said. “I’m moving to L.A. next week. I got a penthouse on Marina del Rey.”

“Don’t say I’m retired,” he added. “I’m going into business now. I’m going to use blockchain to help personal trainers.”

Nearby was Chante Eliaszadeh, 22, a law student at the University of California, Berkeley, who started the Berkeley Law Blockchain group.

“Obviously the bubble’s going to burst and everyone’s going to need a lawyer,” she said.

At the annual San Francisco Bitcoin Meetup Party, hundreds gathered under the fluorescent lights of a co-working space, and there was a line out the door. The waiting list had to be told not to show up. Many there wore Bitcoin- and Ethereum-themed clothes from Hodlmoon, which sells unisex cryptocurrency sweaters.

Those closest to the technology are the most cautious. Pieter Wuille, 33, a Bitcoin core developer, kept his backpack on as he wandered the party. He’s part of the team working to develop the Bitcoin technology.

“The technology still needs time to evolve,” Mr. Wuille said. "This infusion of interest is bringing the wrong kind of attention. Some people believe Bitcoin can’t fail or this technology solves many more problems than it does. It can. And it does not.”

He said everyone is asking him whether to buy Bitcoin. “I tell them I have no idea,” he said. “I don’t know!”

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“There’s so many people rushing into the space, if it’s a bit of speculation, I’m O.K. with that,” said the Coinbase C.E.O., Brian Armstrong, whose company has become the de facto portal for casual investors. “But we can’t guarantee the website’s going to be up exactly when you need it. Everyone needs to take a deep breath.”

Image

A Bitcoin-emblazoned record at the D.J. booth during the San Francisco Bitcoin Meetup Holiday Party at the Runway Incubator in San Francisco.CreditJason Henry for The New York Times

Image

Mitch Steves wore Bitcoin cuff links at the San Francisco Bitcoin Meetup Holiday Party in December.CreditJason Henry for The New York Times

As the holiday party filled up, a cryptocurrency rapper called CoinDaddy — Arya Bahmanyar, 28 — was getting ready to perform.

Formerly a commercial real estate agent, Mr. Bahmanyar works full time at CoinDaddy after becoming a self-described crypto-millionaire (“you think I would dress up like this if I wasn’t?”). “Right now all our entertainers come from outside crypto culture — not inside crypto, and we’ve got to change that,” he said.

He pointed to his outfit — a long white fake mink coat, gold-heeled shoes — and said, “It’s gold, right? It’s gold. It’s a niche, and I’m going to fill it.”

He says he is going to shoot a music video soon for a song called “Lambo Party” and another called “Cryptomom,” about “all these moms are pumping in their children’s savings accounts.”

Maria Lomeli, 56, came to the party to find the people she had put a lot of trust in. A housekeeper from Pacifica, Calif., she said she had invested $12,000 in cryptocurrencies over the last few weeks after reading about it in the news.

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Image

Arya Bahmanyar, 28, also know as “Coin Daddy,” at the San Francisco Bitcoin Meetup Holiday Party at the Runway Incubator in San Francisco.CreditJason Henry for The New York Times

She wore running shoes and a zip-up jacket that said, “Cinemark, the best seats in town.” She worked there cleaning out theaters. Now she cleans houses. Banks, she said, were designed to steal. Taxes left her supporting a government that she felt didn’t support her.

“Charges for sending money to my daughter, interest on our loans,” she said. "And then the money we pay in taxes goes to wars and whatever else they want.”

She found a Bitcoin event in the city and asked people there how to buy Bitcoin on her phone. She invested $1,000. It went up. So she put in $10,000 more, she said, along with $1,000 in a currency called Litecoin. Both her children have discouraged this.

“And maybe I’m going to lose it,” she said. “Maybe I’m going to keep cleaning houses. But something is telling me I can trust this generation. My instinct is telling me this is the future.”

She had to leave the party early because parking downtown is expensive, she said. She zipped up her jacket and left on her own.



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150276)



Reply Favorite

Date: January 13th, 2018 10:02 PM
Author: seemingly passionate gay porn scene

“When I meet people in the normal world now, I get bored,” Mr. Hummer said. “It’s just a different level of consciousness.”

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150323)



Reply Favorite

Date: January 13th, 2018 10:04 PM
Author: seemingly passionate gay porn scene

James Fickel, 26, lives in a high-rise with a Russian blue cat called Mr. Bigglesworth. Mr. Fickel is known in the community for “going full YOLO” and investing $400,000 when Ethereum was at 80 cents. Now, with a fortune he says is in the hundreds of millions, his parents have retired and sent his younger sister to live with him.

“I’m taking over her education,” Mr. Fickel said, sitting on a white leather sofa, Mr. Bigglesworth asleep in his impossibly skinny arms.

Today, Mr. Fickel is outlining the endgame for cryptocurrency true believers.

“It’s the entire world reorganizing itself,” Mr. Fickel said. “We could get rid of our armies because for the first time you’ll have people saying, ‘I want to vote for a global order.’ It’s the internet waking up — it’s the internet grabbing its pitchfork. That’s the blockchain.”

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150331)



Reply Favorite

Date: January 14th, 2018 1:02 AM
Author: michael CharlesXIIikoff

Is it even possible to cash out $350 million of ETH?

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35151177)



Reply Favorite

Date: January 14th, 2018 1:11 PM
Author: jerry garcia

i think coinbase can get your withdrawal limit up to $1M/day.

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153490)



Reply Favorite

Date: January 14th, 2018 1:29 PM
Author: sealclubber

how much do they charge to give you your money?

3%?

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153652)



Reply Favorite

Date: January 13th, 2018 10:04 PM
Author: MoreDoughHi

fuck, there's a link.

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150335)



Reply Favorite

Date: January 13th, 2018 10:05 PM
Author: seemingly passionate gay porn scene

“All I know is the price of ether is going to go up,” Mr. Hummer said.

At a jazz bar a few days later, I run into Mr. Fickel’s personal trainer, Alan Chen, who is now running in this crypto circle. Mr. Fickel had convinced Mr. Chen to put his savings into Ethereum.

“I’m retired, man,” Mr. Chen said. “I’m moving to L.A. next week. I got a penthouse on Marina del Rey.”

“Don’t say I’m retired,” he added. “I’m going into business now. I’m going to use blockchain to help personal trainers.”

Nearby was Chante Eliaszadeh, 22, a law student at the University of California, Berkeley, who started the Berkeley Law Blockchain group.

“Obviously the bubble’s going to burst and everyone’s going to need a lawyer,” she said.

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150340)



Reply Favorite

Date: January 13th, 2018 10:07 PM
Author: ARE Reptile

The suicides will be awesome.

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150349)



Reply Favorite

Date: January 14th, 2018 12:20 PM
Author: sealclubber



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153112)



Reply Favorite

Date: January 13th, 2018 10:08 PM
Author: seemingly passionate gay porn scene

As the holiday party filled up, a cryptocurrency rapper called CoinDaddy — Arya Bahmanyar, 28 — was getting ready to perform.

Formerly a commercial real estate agent, Mr. Bahmanyar works full time at CoinDaddy after becoming a self-described crypto-millionaire (“you think I would dress up like this if I wasn’t?”). “Right now all our entertainers come from outside crypto culture — not inside crypto, and we’ve got to change that,” he said.

He pointed to his outfit — a long white fake mink coat, gold-heeled shoes — and said, “It’s gold, right? It’s gold. It’s a niche, and I’m going to fill it.”

He says he is going to shoot a music video soon for a song called “Lambo Party” and another called “Cryptomom,” about “all these moms are pumping in their children’s savings accounts.”

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150354)



Reply Favorite

Date: January 13th, 2018 10:11 PM
Author: Darsint

keep talking shit about luis fgt

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150369)



Reply Favorite

Date: January 14th, 2018 12:30 PM
Author: short quotemo



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153179)



Reply Favorite

Date: January 13th, 2018 10:20 PM
Author: NeilArmstrong

Uh, this isn’t good. I want this article in like 6 months after

I cash out my 10x gains and watch as the market implodes. Too soon!

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150403)



Reply Favorite

Date: January 13th, 2018 10:33 PM
Author: From a Bloomington Bathhouse on the Hill (height bort first poaster)

The crash is coming

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150461)



Reply Favorite

Date: January 13th, 2018 10:50 PM
Author: Colonel Chet Muscles

you sure about that

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150522)



Reply Favorite

Date: January 13th, 2018 10:52 PM
Author: Oh, you travel?

everybody thinks they're wise when they say this. of course a crash is coming, you can say that at anytime and be correct, whether it's about crypto, the stock exchange, or trains and planes.

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150538)



Reply Favorite

Date: January 13th, 2018 11:34 PM
Author: HodlUpHodlUpWait



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150784)



Reply Favorite

Date: January 14th, 2018 12:06 PM
Author: master big dog agreement



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35152996)



Reply Favorite

Date: January 14th, 2018 12:21 PM
Author: sealclubber

it's not a guess, though, is it?

it's a fundamental certainty

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153117)



Reply Favorite

Date: January 14th, 2018 1:29 PM
Author: Diamond Dallas im a Chad btw

That's a simplistic view. At some point when btc was 5,001, you could have accurately stated that "we will never again see sub-5,000 btc during our lives." Obviously there will be a crash, but the question is whether going from $20k to $10k was *the* crash and we now go to $50k, or whether we now go from $14k to $7k.

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153647)



Reply Favorite

Date: January 14th, 2018 1:34 PM
Author: sealclubber

what need does crypto fill?

what does it accomplish that the regular markets did not?

you start answering these questions and i think you'll come to the conclusion that it's actually worth very little

or

you'll be able to explain why it's actually worth a lot more than i believe

but all you suckers do now is base your opinions on feelings

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153691)



Reply Favorite

Date: January 14th, 2018 1:35 PM
Author: Oh, you travel?

Have you read up on blockchain? There's plenty of information out there. Even Ernst & Young believes in it

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153697)



Reply Favorite

Date: January 14th, 2018 1:38 PM
Author: sealclubber

the answer is yes. i'm not an expert, at all, but i am not clueless. believing in blockchain's potential is a lot easier.

so, don't even try to conflate blackchain with crypto

let's bring it back to crypto

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153725)



Reply Favorite

Date: January 14th, 2018 1:43 PM
Author: Oh, you travel?

I don't know what problem cryptocurrency solves to be honest. I'm invested in the smart contract/token projects, not the crypto 'cash' ones. Maybe I'm too idealistic on blockchain but it seems like a 'foundational technology' that has the potential to revolutionize business operations.

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153754)



Reply Favorite

Date: January 14th, 2018 2:00 PM
Author: sealclubber

your first sentence is what i am basing my opinion on at this time. i can't find a good answer.

i watched a netflix documentary, betting on bitcoin. it was full of slick talking douchebags with very little substance. basically, shyster salesman types

one takeaway was the ability for people shut out of markets to now be involved since every hut in kenya has a computer, but may not have a currency.

okay, there may be something to that, but i'm not convinced. where there is enough wealth to matter, there are banks. where there are banks, there are ways to convert currency. where you can convert currency, you can go international. the markets have established a value to this process. i believe it's around 3% which is why i asked the question above.

but what is crypto? as far as i can discern, it's simply a way to bypass the cost of converting currency. a bitcoin in siberia is worth the same as one in england.

but, that's not solely an advantage. if crypto is a stand in for currency, then it's a stand in for all currencies. and as soon as you want to convert it to a fiat currency, you are looking at not just transaction costs, but currency exchange risks. and crypto, again as far as i can tell, is, at best, the absolute perfect midpoint of currency risk because it ultimately represents a substitute for all currencies. if you happen to reside in a country whose currency is stronger than average, you are going to beat the shit out of a crypto holder

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153874)



Reply Favorite

Date: January 14th, 2018 8:20 PM
Author: Oh, you travel?



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35156728)



Reply Favorite

Date: January 14th, 2018 8:42 PM
Author: From a Bloomington Bathhouse on the Hill (height bort first poaster)



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35156871)



Reply Favorite

Date: January 14th, 2018 8:59 PM
Author: nihilist star wars

cr, one of the disadvantages of the EU is that southern european countries cannot devalue their currency as they used to be able to do. They are dictated by the Germans and cannot compete via currency adjustments. If crypto were to become a global standard, this would become worldwide.

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35157010)



Reply Favorite

Date: January 16th, 2018 5:19 PM
Author: From a Bloomington Bathhouse on the Hill (height bort first poaster)

lol faggot

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35170350)



Reply Favorite

Date: January 13th, 2018 10:37 PM
Author: Savage_Noble

Not Flame: I was at a cafe and the barrista was talking about how he bought ETH on gemini

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150475)



Reply Favorite

Date: January 14th, 2018 3:34 AM
Author: Seamen on Broadway (playing with gay dog boners since 2013)

when my bro from HS who never went to college messaged me about how he'd made a few thousand dollars with bitcoin, i knew it was time to never be in bitcoin ever again

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35151598)



Reply Favorite

Date: January 13th, 2018 10:44 PM
Author: Oh, you travel?

this kind of exposure is not good.

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150491)



Reply Favorite

Date: January 13th, 2018 10:52 PM
Author: @realmanowar (man o' war)

These fools are gonna get kidnapped or blackmailed LMAO

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150533)



Reply Favorite

Date: January 13th, 2018 11:42 PM
Author: seemingly passionate gay porn scene



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150828)



Reply Favorite

Date: January 14th, 2018 12:38 AM
Author: Buck "The Club" Paulette



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35151090)



Reply Favorite

Date: January 14th, 2018 8:22 PM
Author: David Fleischman at Ortho Mattress (unban my account rach!)



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35156738)



Reply Favorite

Date: January 14th, 2018 8:31 PM
Author: Oh, you travel?



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35156798)



Reply Favorite

Date: January 13th, 2018 11:15 PM
Author: LTDanKaffe

Data suggests that about 94 percent of the Bitcoin wealth is held by men

Data suggests that about 94 percent of the Bitcoin wealth is held by men

Data suggests that about 94 percent of the Bitcoin wealth is held by men

Why is this fucking necessary to include?

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150702)



Reply Favorite

Date: January 13th, 2018 11:21 PM
Author: Colonel Chet Muscles

to show that women are stupid and weak?

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150733)



Reply Favorite

Date: January 13th, 2018 11:34 PM
Author: HodlUpHodlUpWait



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150786)



Reply Favorite

Date: January 14th, 2018 12:31 PM
Author: short quotemo



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153185)



Reply Favorite

Date: January 14th, 2018 8:33 PM
Author: Reality Loser



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35156816)



Reply Favorite

Date: January 13th, 2018 11:22 PM
Author: seemingly passionate gay porn scene



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150737)



Reply Favorite

Date: January 13th, 2018 11:30 PM
Author: Absolutely Devastating (All poasts are performance art )

Give the dems reason to ban it once they take control of congress

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150764)



Reply Favorite

Date: January 14th, 2018 12:46 AM
Author: 85 IQ migrant generating wealth

Because Bitcoin obviously discriminates against women. Bigot.

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35151123)



Reply Favorite

Date: January 14th, 2018 12:17 PM
Author: Gitmo Detainee tearing up his HOPE poster (Tax survivor)

Enjoyed that part

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153090)



Reply Favorite

Date: January 13th, 2018 11:31 PM
Author: Wilbur "big dog" Mercer (Short Pride World Wide)

wow guys, a TESLA

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150767)



Reply Favorite

Date: January 14th, 2018 1:43 AM
Author: n o s i n s f o r g i v e n



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35151299)



Reply Favorite

Date: January 14th, 2018 8:01 PM
Author: sealclubber



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35156613)



Reply Favorite

Date: January 13th, 2018 11:34 PM
Author: Wilbur "big dog" Mercer (Short Pride World Wide)

HODL, “hold” typed very fast, as if in a panic.

this is better than the "hold on for dear life" apocryphal backronym

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35150781)



Reply Favorite

Date: January 14th, 2018 12:20 AM
Author: David Fleischman at Ortho Mattress (unban my account rach!)

"but his main hobbies were reading 4chan and buying vintage pornography, passions that exposed him to cryptocurrency. "

remember you earned your dollars through hard work! damn entitled kids!

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35151006)



Reply Favorite

Date: January 14th, 2018 12:06 PM
Author: seemingly passionate gay porn scene



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35152992)



Reply Favorite

Date: January 14th, 2018 12:25 PM
Author: sealclubber

yeah, the 'vintage' pornography that requires anonymity is all crypto is really good for

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153142)



Reply Favorite

Date: January 14th, 2018 1:30 PM
Author: Wilbur "big dog" Mercer (Short Pride World Wide)



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153655)



Reply Favorite

Date: January 14th, 2018 12:31 PM
Author: short quotemo



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153188)



Reply Favorite

Date: January 14th, 2018 12:29 PM
Author: [_____Sign Here____] (CircuitCitySpecial)

This reminds me of my friends that did RE during the housing bubble. Hoping fellow xoers cash out before the pop.

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153168)



Reply Favorite

Date: January 14th, 2018 12:31 PM
Author: short quotemo

Didn’t u lose ur life savings on circuit city stock ;)

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153183)



Reply Favorite

Date: January 14th, 2018 1:04 PM
Author: [_____Sign Here____] (CircuitCitySpecial)

Not life savings. It was about $5k, which was a lot to me back then as a broke student but not now. It serves as a reminder that things are sometimes cheap for a good reason.

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153451)



Reply Favorite

Date: January 14th, 2018 1:11 PM
Author: short quotemo

cr

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153493)



Reply Favorite

Date: January 14th, 2018 1:40 PM
Author: [_____Sign Here____] (CircuitCitySpecial)

R u Myprolecalledlife, bother?

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153736)



Reply Favorite

Date: January 14th, 2018 1:31 PM
Author: Diamond Dallas im a Chad btw

The goal may be decentralization, but the money is extremely concentrated. Coinbase has more than 13 million accounts that own cryptocurrencies. Data suggests that about 94 percent of the Bitcoin wealth is held by men, and some estimate that 95 percent of the wealth is held by 4 percent of the owners.

The goal may be decentralization, but the money is extremely concentrated. Coinbase has more than 13 million accounts that own cryptocurrencies. Data suggests that about 94 percent of the Bitcoin wealth is held by men, and some estimate that 95 percent of the wealth is held by 4 percent of the owners.

The goal may be decentralization, but the money is extremely concentrated. Coinbase has more than 13 million accounts that own cryptocurrencies. Data suggests that about 94 percent of the Bitcoin wealth is held by men, and some estimate that 95 percent of the wealth is held by 4 percent of the owners.

The goal may be decentralization, but the money is extremely concentrated. Coinbase has more than 13 million accounts that own cryptocurrencies. Data suggests that about 94 percent of the Bitcoin wealth is held by men, and some estimate that 95 percent of the wealth is held by 4 percent of the owners.



(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35153665)



Reply Favorite

Date: January 14th, 2018 8:31 PM
Author: Eron Muks

Wait until they figure out the connection with a racist law board. Prepare your anus

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35156794)



Reply Favorite

Date: January 16th, 2018 9:27 AM
Author: Satoshi Nakamoto (Pederastrian)

these people are fucking insane

"“When I meet people in the normal world now, I get bored,” Mr. Hummer said. “It’s just a different level of consciousness.”

The tone turns somber.

“Sometimes I think about what would happen to the future if a bomb went off at one of our meetings,” Mr. Buttram said.

Mr. Hummer said, “A bomb would set back civilization for years.”

(http://www.autoadmit.com/thread.php?thread_id=3858787&forum_id=2#35166877)