Announcement

Collapse
No announcement yet.

Business, Economics, and Taxes: Capitalism. Yay? >=(

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Dogecoin has made me $70 so far today. Not bad since I havent been in the black on it since I bought it a few months ago ;^)
    "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
    -aparch

    "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
    -INCH

    Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
    -ScoobyDoo 12/17/2007

    Comment


    • Originally posted by Handyman View Post
      Dogecoin has made me $70 so far today. Not bad since I havent been in the black on it since I bought it a few months ago ;^)
      Cornell University
      National Champion 1967, 1970
      ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
      Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

      Comment


      • Originally posted by Handyman View Post
        Dow is down a little but NASDAQ is up 100 and S&P is up like 4. I dont think the J&J news will have a huge impact because more people get the Pfizer or Moderna shots.
        Long term goal: Burn Wall Street to the ground.
        Short term goal: Stop reporting the DOW and NASDAQ. They aren't the economy. The economy is unemployment and inflation.
        Cornell University
        National Champion 1967, 1970
        ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
        Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

        Comment


        • Originally posted by Kepler View Post

          In the last 72 hours I went from a loss to almost doubling my investment. Elon Musk and Mark Cuban are making me lots of cash!

          It won't last (until the cryptos start merging) but my buddy and I are having fun watching how this literal joke has now become somewhat valuable. I figure until the Bitcoin Crash (which will happen, it is ridiculously overvalued because Asian Countries are obsessed with it and overmining it) might as well ride the rollercoaster :^)

          "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
          -aparch

          "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
          -INCH

          Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
          -ScoobyDoo 12/17/2007

          Comment


          • Originally posted by Handyman View Post
            how this literal joke has now become somewhat valuable
            I was gonna say, wasn't Dogecoin a parody of Bitcoin and the guy who started it actually went online and said "for god's sake I am imploring you not to buy this it is a joke; the whole point is this is how people lose their shirts!"?
            Cornell University
            National Champion 1967, 1970
            ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
            Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

            Comment


            • Originally posted by Kepler View Post

              I was gonna say, wasn't Dogecoin a parody of Bitcoin and the guy who started it actually went online and said "for god's sake I am imploring you not to buy this it is a joke; the whole point is this is how people lose their shirts!"?
              Pretty much yeah. I think that all changed with $Gamestop. Once people like Musk started talking up all cryptos but especially Doge it started to become legit and Cuban has the Mavericks poised to be very Doge heavy. He owns a lot and wants it to hit $1. He also wants his team to accept it at games when it becomes viable.

              Honestly blame China and a few other places...they have entire office buildings mining for Bitcoin and other cryptos to the point that none of us has much shot of ever getting it. Some cryptos have made it so those actions aren't allowed or rewarded but Doge is seen by many as the perfect democratization of cryptocurrency.
              "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
              -aparch

              "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
              -INCH

              Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
              -ScoobyDoo 12/17/2007

              Comment


              • I own some crypto- put 4K in as a joke last July and it’s worth $14k today. But I’m not convinced it will stay

                Comment


                • Originally posted by Handyman View Post

                  In the last 72 hours I went from a loss to almost doubling my investment. Elon Musk and Mark Cuban are making me lots of cash!

                  It won't last (until the cryptos start merging) but my buddy and I are having fun watching how this literal joke has now become somewhat valuable. I figure until the Bitcoin Crash (which will happen, it is ridiculously overvalued because Asian Countries are obsessed with it and overmining it) might as well ride the rollercoaster :^)

                  Carbon tax kills all crypto overnight.
                  Code:
                  As of 9/21/10:         As of 9/13/10:
                  College Hockey 6       College Football 0
                  BTHC 4                 WCHA FC:  1
                  Originally posted by SanTropez
                  May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                  Originally posted by bigblue_dl
                  I don't even know how to classify magic vagina smoke babies..
                  Originally posted by Kepler
                  When the giraffes start building radio telescopes they can join too.
                  He's probably going to be a superstar but that man has more baggage than North West

                  Comment


                  • Dump question. My understanding of crypto currencies is they reach a point where no new volume is added. At that point does mining stop? And if mining stops how do you ensure the chain?
                    Cornell University
                    National Champion 1967, 1970
                    ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                    Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                    Comment


                    • I wish mining would stop, then I wouldn’t have had to pay $600 for my RTX 3060...
                      U-A-A!!!Go!Go!GreenandGold!
                      Applejack Tells You How UAA Is Doing...
                      I spell Failure with UAF

                      Originally posted by UAFIceAngel
                      But let's be real...There are 40 some other teams and only two alaskan teams...the day one of us wins something big will be the day I transfer to UAA
                      Originally posted by Doyle Woody
                      Best sign by a visting Seawolf fan Friday went to a young man who held up a piece of white poster board that read: "YOU CAN'T SPELL FAILURE WITHOUT UAF."

                      Comment


                      • Originally posted by Kepler View Post
                        Dump question. My understanding of crypto currencies is they reach a point where no new volume is added. At that point does mining stop? And if mining stops how do you ensure the chain?
                        Yes, but we're already there.

                        https://www.buybitcoinworldwide.com/...ins-are-there/

                        There are currently 18,682,550 bitcoins in existence. This number changes about every 10 minutes when new blocks are mined. Right now, each new block adds 6.25 bitcoins into circulation.
                        How Many Bitcoins Will Ever be Created?
                        The maximum and total amount of bitcoins that can ever exist is 21 million.


                        Crypto, like all "resources" is based on how hard the people who make money on it want it to be a fad. If gold didn't have useful properties, it would be tangible crypto.


                        Edit: Didn't see this at first, but that's exponential decay on a LOGRITHMIC axis. Sh-t is flat as a James Webb mirror. And waaaaay out on the right, you can see a step drop down again.
                        Last edited by dxmnkd316; 04-14-2021, 12:37 PM.
                        Code:
                        As of 9/21/10:         As of 9/13/10:
                        College Hockey 6       College Football 0
                        BTHC 4                 WCHA FC:  1
                        Originally posted by SanTropez
                        May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                        Originally posted by bigblue_dl
                        I don't even know how to classify magic vagina smoke babies..
                        Originally posted by Kepler
                        When the giraffes start building radio telescopes they can join too.
                        He's probably going to be a superstar but that man has more baggage than North West

                        Comment


                        • Originally posted by Kepler View Post
                          Dump question. My understanding of crypto currencies is they reach a point where no new volume is added. At that point does mining stop? And if mining stops how do you ensure the chain?
                          My dumb answer (certainly not remotely knowledgeable): Yes, mining stops, but you can still use the existing coins as currency to buy stuff. Every time there's a transaction, that "coin's" chain must be verified and then added to, which takes a significant amount of server power in its own right (but nowhere near as much as initial mining).

                          I think.
                          If you don't change the world today, how can it be any better tomorrow?

                          Comment


                          • Originally posted by LynahFan View Post

                            My dumb answer (certainly not remotely knowledgeable): Yes, mining stops, but you can still use the existing coins as currency to buy stuff. Every time there's a transaction, that "coin's" chain must be verified and then added to, which takes a significant amount of server power in its own right (but nowhere near as much as initial mining).

                            I think.
                            Right, but what's the value in it at that point? The whole point now is that new bitcoins are the carrot to spend untold amounts of energy and carbon to process the blockchain. Without the carrot, you need to find another way to pay for those services. Good luck when the market is so crowded you have a farking dog-meme currency that started as a joke.
                            Code:
                            As of 9/21/10:         As of 9/13/10:
                            College Hockey 6       College Football 0
                            BTHC 4                 WCHA FC:  1
                            Originally posted by SanTropez
                            May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                            Originally posted by bigblue_dl
                            I don't even know how to classify magic vagina smoke babies..
                            Originally posted by Kepler
                            When the giraffes start building radio telescopes they can join too.
                            He's probably going to be a superstar but that man has more baggage than North West

                            Comment


                            • Originally posted by dxmnkd316 View Post
                              Good luck when the market is so crowded you have a farking dog-meme currency that started as a joke.
                              I know Tubman's not a looker but that's harsh.
                              Cornell University
                              National Champion 1967, 1970
                              ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                              Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                              Comment


                              • Originally posted by Jimjamesak View Post
                                I wish mining would stop, then I wouldn’t have had to pay $600 for my RTX 3060...
                                Sorry about that...although I bought a system that has an RTX 3060 (for more than just mining) pretty cheap in the secondary market.

                                dx,

                                Unless China puts in a carbon tax crypto will never die because of it. Plus I would guess many of the cryptos have other means. By the time such a tax was implemented anyways enough crypto will exist that it won't go away anyways. Too many powerful people are supporting it now. The Bitcoin crash will be fun to watch though :^)

                                My guess is 5 years from now coins like Ethereum will be the "dominant" force.
                                "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                                -aparch

                                "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                                -INCH

                                Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                                -ScoobyDoo 12/17/2007

                                Comment

                                Working...
                                X