Bitcoins

doggycoin

https://motherboard.vice.com/en_us/article/9kng57/dogecoin-my-joke-cryptocurrency-hit-2-billion-jackson-palmer-opinion

in other news papas makin ripples kids

🌊😍

also it has to be said the amount of leniency california residents get when entering into this entire ecosystem is so crazy it's laughable

I have to assume that a huge part of what's "not right here" is that a lot of that "market cap" is a mirage, i.e. there are not actually $700B in assets tied up in cryptocurrency. In the case of Bitcoin and probably other cryptos too, huge amounts are locked away in the hands of a few people or outright lost, and more is being "hedl" by true believers. When trading volume of any asset is low enough, the price can be easily inflated. That's how the stock CRCW reached a multi-billion-dollar market cap with revenue in the hundreds of thousands of dollars per year and a massive net operating loss -- only like 1000 shares a day were trading. Very easy to manipulate the price at that kind of volume.

There's probably no way to calculate such a thing, but it would be fascinating to know how much money was actually *spent* acquiring the total amount of crypto in existence today, like not the total $ amount of all crypto transactions ever, but the total of all of the dollars spent by current crypto holders on crypto they currently hold. I have to imagine a lot of these crypto startups just give their management/founders huge percentages of their total coin, so that maybe you have a "market cap" of say $100 million with only $5 million in actual money having been spent by public buyers of the currency.

That’s sort of the case with Ripple IIRC - they premined the whole lot and still hold like 60% of them to parcel out with growth.

yeah, and that's just the company -- I'll bet management, employees and VC investors were given some too.

What exactly is a ripple token anyway ?
A form of stock?
From what I’ve heard the tokens are ancillary to the blockchain functionality.

all I have heard for the past week is 'buy ripple' but it's apparently a fucking pain in the ass to buy

I barely understand any of this crap and I'm in software. I did finally open a coinbase account and start buying ethereum though (in small amounts on a weekly basis).

Why not buy stocks?Possibly similarly overvalued and bubbly right now but actually buying a slice of something real.

Or ammo, for our post-apocalyptic barter economy. Five rounds of 9mm will get you one of those cockroach bars from Snowpiercer.

simplify your investment life by saddling yourself with a horrible mortgage. that way it will always be wisest to pay down the terrible yoke of your high rate mortgage.

What does there have to be all these different bitcoins? Like, what’s the difference between Litecoin and Ethereum?

Noobs

ethereum is more programmable / flexible than Bitcoin. it was intended more as an extensible platform than a payment syatem

all I have heard for the past week is 'buy ripple' but it's apparently a fucking pain in the ass to buy

Back in my day, ripple was just an extremely cheap sweet wine, mostly purchased by young adults who were within two years of the legal drinking age, plus or minus. It was only a pain in the ass to buy if you were on the minus side of that equation.

For reference: https://www.youtube.com/watch?v=ciR7Fq2tqJ0

Haha
The Grateful Dead even wrote a song about it

Just like guns and roses did later for nighttrain, another cheap wine
anyone ever write one for mad dog 20/20?

shocked youngsters here don't know from the ripple tipple

https://youtu.be/G1ndS-KotLo

https://68.media.tumblr.com/23120c035fb3bb482863e1edd3e369cb/tumblr_p2gpk8IYrU1vlks32o1_1280.jpg

xp to images of 2018 thread

https://www.nytimes.com/2018/01/13/style/bitcoin-millionaires.html

these guys..

capitalism is the real tale told by an idiot

btwn this, the "water grid" article and the Silicon Valley retreat, Nellie Bowles is the NYT MVP rn

I hope she turns this stuff into a book

She should call it Quiddities and Agonies of the Ruling Class

Oh wow, I really need to explore her work more:

https://www.nytimes.com/2017/12/04/technology/silicon-valley-esalen-institute.html

“I just sold my start-up and needed a place to reflect,” said Sam McBride, 31, from Chicago. “To give me some perspective.”

Esalen’s hot springs are good all day but are famous for the night scene, when they open to the public between 1 and 3 a.m. A weekend stay for a couple at Esalen can cost $2,890, so budget travelers stay nearby and come wandering in with towels a little after midnight.

huh i've read all these pieces but somehow failed to notice the same person wrote them all

nellie bowles 4 presidetn

she's the marilyn hagerty of the 1%

the 1am-3am time slot at esalen is $30

it's open to the public at that time but i think you still need to make a reservation? but it's fairly straightforward to do

i've never really understood that place

https://medium.com/@TPlusZero/xrp-from-an-investors-perspective-4524585cd60e

The End of Money is Nigh

yeesh rough 24 hours for these guys

https://www.youtube.com/watch?v=s1rf4POIG0Y

Watch them fall in real time.

There's more than 1200 digital currencies being tracked here

was sure that link was going to be a photo of a landfill

it is kind of neat how they all rise and fall in unison

these might as well be d&d character stats for all they reflect reality

brb gonna put all my money in gelatinouscubecoin

ILXcoin

too late i've already lost all my money

marathon
not sprint fellas

your bitcoianz, show them to me

in the future, every one will have their own COIN

Even Pat Sajak

Sajakzłoty

I don't know who first referred to Bitcoins as "Dunning-Krugerrands" but I love it

— Julia Galef (@juliagalef) January 22, 2018

wow, that's almost too good