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Thread: Bitcoins are officially donkdown

  1. #2901
    Plutonium sonatine's Avatar
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    Quote Originally Posted by DJ_Chaps View Post
    Jesus Christ. Can someone plz link me to Sonatines last good call?

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    Nova Scotia's #1 Party Rocker!!!!11 DJ_Chaps's Avatar
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    I think i hear your blood struggling to pass thru your clogged arteries, tubs.

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    Chaps' 2017-18 NFL $$ Thread

  3. #2903
    NoFraud Poker Room Manager Belly Buster's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Lol. Inscrutable orientals

    Why does this location look familiar Sonatine? This has come up before

    Name:  
Views: 
Size:
    This is zero degrees north, zero degrees east.

    https://www.geolounge.com/zero-degre...ees-longitude/
    Quote Originally Posted by Dan Druff View Post
    BTW JACKDANIELS is the first one banned from the thread. He is accusing me of being "duped by a middle aged man who dresses like John Cena"
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  4. #2904
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by Belly Buster View Post
    Quote Originally Posted by Sanlmar View Post
    Lol. Inscrutable orientals

    Why does this location look familiar Sonatine? This has come up before

    Name:  
Views: 
Size:
    This is zero degrees north, zero degrees east.

    https://www.geolounge.com/zero-degre...ees-longitude/
    That's very interesting. 0.0 Looks bogus

    It's killing me I can't remember how this came up before. Sonatine or someone had a map showing nefarious web traffic. TOR DreadPirate type shit I thought.

    I was hunting down some Bitcoin that I thought I lost using some sketchy Chinese wallet. I eventually got it but now the MLB and my bookie have them.

    What possessed you to look this up Belly? So random of you

  5. #2905
    NoFraud Poker Room Manager Belly Buster's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by Belly Buster View Post

    This is zero degrees north, zero degrees east.

    https://www.geolounge.com/zero-degre...ees-longitude/
    That's very interesting. 0.0 Looks bogus

    It's killing me I can't remember how this came up before. Sonatine or someone had a map showing nefarious web traffic. TOR DreadPirate type shit I thought.

    I was hunting down some Bitcoin that I thought I lost using some sketchy Chinese wallet. I eventually got it but now the MLB and my bookie have them.

    What possessed you to look this up Belly? So random of you
    I didn't look it up. I just know a lot of shit.

    Basically if you're using some geolocation service and it get's it's knickers in a knot, then it just defaults to 0, 0 which is right there south of Accra in the Atlantic.

     
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      Sanlmar: Geo codswallop. Good trivia
    Quote Originally Posted by Dan Druff View Post
    BTW JACKDANIELS is the first one banned from the thread. He is accusing me of being "duped by a middle aged man who dresses like John Cena"
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  6. #2906
    Plutonium Sanlmar's Avatar
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    Did a cashout last night on BetOnline

    While on cashiers page I noticed a different look. Bitcoin was no longer the first (encouraged) option for deposit. It was moved to last place.

    There it was - Litecoin in #1 place. Wow. Furthermore, the one line description simply said, "instant deposit". Bitcoin never was described that way. Makes you go hmmm.

    I have a gut feeling there is probably one main processor in the online gambling space. You'll probably find Litecoin elsewhere.

    And there it is, Litecoin is at an all time high.

    It has got me wondering, what is the total handle for online gambling? What percentage of this is altcoin even in legal markets just for the tax dodge. What effect does gambling have on the altcoin price?

    As we all know, these are the only purchases ever transacted other than alpaca socks & heroin.


    We'll never know Druff. Chad Elie, right?

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    Plutonium Sanlmar's Avatar
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    Of course anything to do with Bitcoin defies conventional logic

    Bitcoin runs into trouble like Gox so the price naturally goes up. No doubt folks fleeing Bitfinix by converting any fiat to Bitcoin and thus pushing up prices.

    Traders Flee Bitcoin Exchange Bitfinex As It Pauses Wire Transfer
    https://cointelegraph.com/news/trade...-wire-transfer

    The alts are all over the place. It's like Friday night in Greektown casino.

     
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      MumblesBadly: Why the fuck would anyone trust Bitfinex after they partially equitied the customers' accounts after the hacking theft last year???

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    Silver GringoStar's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Of course anything to do with Bitcoin defies conventional logic

    Bitcoin runs into trouble like Gox so the price naturally goes up. No doubt folks fleeing Bitfinix by converting any fiat to Bitcoin and thus pushing up prices.

    Traders Flee Bitcoin Exchange Bitfinex As It Pauses Wire Transfer
    https://cointelegraph.com/news/trade...-wire-transfer

    The alts are all over the place. It's like Friday night in Greektown casino.
    I think people need to not conflate the stability of Bitcoin platforms with the blockchain. I certainly don't think you are making that mistake, as you appear to overstand what I know about BTC, and I know that part of the speculation on cryto is the ability for technology to facilitate it, but Mt. Gox and Bitfinex are to BTC the same way that AskGeeves was to early search engines.

    Now if Coinbase goes down or if Amazon puts out a press release stating they will never adopt a crytocurrency... pull your money out a week ago.

  9. #2909
    Plutonium sonatine's Avatar
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    Quote Originally Posted by GringoStar View Post
    part of the speculation on cryto is the ability for technology to facilitate it

    i believe that at one point this was true, and at this point it's nothing but digital AMWAY.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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    Silver GringoStar's Avatar
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by GringoStar View Post
    part of the speculation on cryto is the ability for technology to facilitate it

    i believe that at one point this was true, and at this point it's nothing but digital AMWAY.
    Not true. It's unstable and not a nest to put all or most of your eggs, but it is backed by encryption that creates actual, verifiable scarcity.

    I see where you might see Amway and see that there is no product and that people make money off of convincing ten other people that there is a product.

    With BTC, there is no product, but that is because BTC itself is not a product. It is a cryto-currency that was once a virtual currency and gained real value online and has become an actual currency. It all has to do with confidence and security, like any currency, and people will continue to mine every last coin, even though it will be in 2140. I don't necessarily think will be around then though, because either the singularity will be upon us or the Internet will go down forever from a nuclear event or gigantic solar flare, etc.

  11. #2911
    Plutonium sonatine's Avatar
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    Quote Originally Posted by GringoStar View Post
    Quote Originally Posted by sonatine View Post


    i believe that at one point this was true, and at this point it's nothing but digital AMWAY.
    Not true. It's unstable and not a nest to put all or most of your eggs, but it is backed by encryption that creates actual, verifiable scarcity.

    I see where you might see Amway and see that there is no product and that people make money off of convincing ten other people that there is a product.

    With BTC, there is no product, but that is because BTC itself is not a product. It is a cryto-currency that was once a virtual currency and gained real value online and has become an actual currency. It all has to do with confidence and security, like any currency, and people will continue to mine every last coin, even though it will be in 2140. I don't necessarily think will be around then though, because either the singularity will be upon us or the Internet will go down forever from a nuclear event or gigantic solar flare, etc.
    I get it, honestly.

    But I see words like 'encryption' next to 'actual' and 'verifiable' and 'scarcity' and I says to myself I says, o I've done this dance before.

    People thought md5 hash collisions were a lifetime away until someone signed Stuxnet with one.

    But in a more immediate context, the cryptocurrency model is attractive primarily to people wearing either grey or black hats, at least on the libertarian spectrum, so while youre almost certainly right regarding their ongoing existence, I see its participant pool shrinking not growing..
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  12. #2912
    Plutonium Sanlmar's Avatar
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    Litecoin is pulling a Bitcoin parabolic move.

    What a carnival.

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    My friend purchased 10 Bitcoin ATM's and he is receiving shipment of the 1st one this week. Not sure if that is a sign of a top or not. LOL. I will be helping set it up. From what I understand, the ATM itself has a local wallet and the machine will communicate with a server in the cloud. Clueless about programming but I think it is mostly cut and paste. Should be interesting to see what kind of volume it gets.

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    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    My friend purchased 10 Bitcoin ATM's and he is receiving shipment of the 1st one this week. Not sure if that is a sign of a top or not. LOL. I will be helping set it up. From what I understand, the ATM itself has a local wallet and the machine will communicate with a server in the cloud. Clueless about programming but I think it is mostly cut and paste. Should be interesting to see what kind of volume it gets.
    I think LiberyX did the very first ATM in Boston.

    They have since moved their model to a $100 shared terminal - the sort used to load phone cards and such.

    The terminals are placed in retail location especially convenience stores.

    Initial cost, maintenance, floor space cost/splits with owner of space. No way BTC ATM looks good

    Why not pioneer using existing third party banking ATM's somehow? Hire some nerds to prototype the software and pitch it

  15. #2915
    Plutonium sonatine's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    the ATM itself has a local wallet and the machine will communicate with a server in the cloud.


    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by snake_in_the_ass View Post
    the ATM itself has a local wallet and the machine will communicate with a server in the cloud.


    LOL. Any advice on how to set it up?

  17. #2917
    Plutonium sonatine's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    Quote Originally Posted by sonatine View Post



    LOL. Any advice on how to set it up?

    beyond 'dont let anyone near it physically and unplug it from the network' i cant really help there.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by snake_in_the_ass View Post

    LOL. Any advice on how to set it up?

    beyond 'dont let anyone near it physically and unplug it from the network' i cant really help there.
    Thanks. This is just an experiment by my rich and bored friend. Curious to see how it turns out.

  19. #2919
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    Quote Originally Posted by sonatine View Post


    beyond 'dont let anyone near it physically and unplug it from the network' i cant really help there.
    Thanks. This is just an experiment by my rich and bored friend. Curious to see how it turns out.
    $7500 a unit?

    You gonna have a corresponding web site? Post address on machine. Every buyer has a phone.

    Link to this thread would be helpful too

  20. #2920
    Gold Deal's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    My friend purchased 10 Bitcoin ATM's and he is receiving shipment of the 1st one this week. Not sure if that is a sign of a top or not. LOL. I will be helping set it up. From what I understand, the ATM itself has a local wallet and the machine will communicate with a server in the cloud. Clueless about programming but I think it is mostly cut and paste. Should be interesting to see what kind of volume it gets.
    The big worry is the supplier having a built in backdoor to steal your coins. Any feature of the machine could trigger it and if they have a server component the rogue code could use that authorized port/IP to ship your coins out. Nothing you can do to protect yourself. I've seen a few in convenience stores around here. Never seen anyone using one.
    Quote Originally Posted by Jasep View Post
    I have always tried to carry myself with a high level of integrity in the poker community and I take it very personally when someone calls that in to question.

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