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A boy asked his bitcoin-investing dad for 1 bitcoin for his birthday.
Dad: What? $15,554??? $14,354 is a lot of money! What do you need $16,782 for anyway?
Source: Twitter @cryptomanran31 -
*eating at the local pizza restaurant*
me to waitress: hey do u guys support Bitcoin?
waitress: Yes we do!
me: great! I'd like to pay.
*waitress passes over the bill*
*i open my wallet and pull out a physical Bitcoin*
*waitress stares really confused at my Bitcoin with the scanner device in her hand*
20 -
Several years ago.
”Have you heard about that dumb new bitcoin-thing?”
”Ya, lol, what a waste of time and money! 😂”
🙂🔫
13 -
The best time to buy bitcoin was when it was released
The second best time was a few years ago when it was only like $200/btc
The third best time was probably last year before they went up 650% in value
The worst time is apparently whenever I buy in15 -
You think a junior dev pushing his code onto a production server is bad? Wait till you have that admin who is illegally mining Bitcoin on your production server. 😂
I went for a Cyber Security conference today with one of managers and this was one of the life experiences some of the speakers shared.19 -
In the last 48 hours Bitcoin has gained about 2.000 USD in value. (Now ~12500$)
WHAT THE FUCK
And I remember this summer when Bitcoin was at about 4000 and everybody said "naaah I'd rather not invest in Bitcoin now, it will fall in value soon"16 -
My life in a nutshell:
Page 1:
- dress heavy clothes ➡️ it's hot out there.
- dress light clothes ➡️ it's freezing out there
Page 2:
- buy Bitcoin ➡️ its price fell
- sell Bitcoin ➡️ its price is on the sky4 -
Git, Bitcoin, actually getting paid for writing PySnek.. What the fuck is this doing in my feed?
1. How the fuck are Git and Bitcoin related?
2. What the fuck makes you think that open source and getting paid don't usually go together, as if that makes your product unique?
3. What kind of drugs did this marketing cunt take to make this promotion, because I want some!
4. What kind of braindead idiot am I for not including the fucking picture before hitting submit?!
13 -
That sick feeling you get when you realise you could have been insanely rich and retired today if you had only invested in bitcoin early 🤢😭
1BTC reaches $10,993 AUD🤑🤑🤑
8 -
That guy at the office who's constantly and vocally upset he hasn't gotten into Bitcoin a long time ago.
That fucking guy.6 -
2007 - Hey you, can you hack my gf's facebook account?
2017 - Eh! Can you hack my boss's Bitcoin account? 50-50 deal :-) -
Dogecoin hit USD $0.40 recently, which means it's time for the Crypto Rant.
TL;DR: Dogecoin is shit and is logically guaranteed to eventually fall unless it is fundamentally changed.
===========================
If you know how Crypto works under the hood, you can skip to the next section. If you don't, here's the general xyz-coin formula:
Money is sent via transactions, which are validated by *anybody*.
Since transactions are validated by anybody, the system needs to make sure you're not fucking it up on purpose.
The current idea (that most coins use today) is called proof-of-work. In short, you're given an extremely difficult task, and the general idea is you wouldn't be willing to do that work if you were just going to fuck up the system.
For validating these transactions, you are rewarded twofold:
1) You are given a fixed-size prize of the currency from the system itself. This is how new currency is introduced, or "minted" if you prefer.
2) You are given variable-size and user-determined prize called "transaction fees", but it could be more accurately called a "bribe" since it's sole purpose is to entice miners to add YOUR transaction to their block.
This system of validation and reward is called mining.
===========================
This smaller section compares the design o f BTC to Dogecoin - which will lead to my final argument
In BTC, the time between blocks (chunks of data which record transactions and are added to the chain, hence blockchain) is ten minutes. Every ten minutes, BTC transactions are validated and new Bitcoins are born.
In Dogecoin, the time between blocks is only one minute. In Theory, this means that mining Dogecoin is about ten times easier, because the system expects you to be able to solve the proof of work in an average of one minute.
The huge difference between BTC and Doge is the block reward (Fixed amount; new coins minted). The block reward for BTC is somewhat complicated compared to Doge: It started as 50 BTC per block and every 4 years it is halved ("the great halving"). Right now it's 6.25 BTC per block. Soon, the block reward will be almost nothing until BTC hits it's max of 21 million bitcoins "minted".
Dogecoin reward is 10,000 coins per block. And it will be that way for the end of time - no maximum, no great halving. And remember, for every 1 BTC block mined, 10 Doge blocks are mined.
===========================
Bitcoin and Dogecoin are now the two most popular coins in pop culture. What makes me angry is the widespread misunderstanding of the differences between the two. It is likely that most investors buy Dogecoin thinking they're getting in "early" because it's so cheap. They think it's cheap because it isn't as popular as Bitcoin yet. They're wrong. It's cheap because of what's outlined in section two of this rant.
Dogecoin is actually not very far off Bitcoin. Do the math: there's a bit over 100 billion Dogecoin in circulation (130b). There's about 20 million BTC. Calculate their total CURRENT values:
130b * $0.40 = 52b
20m * $60k = 1.2t
...and Doge is rising much, much faster than BTC because of the aforementioned lack of understanding.
The most common thing I hear about Doge is that "nobody expects it to reach Bitcoin levels" (referring to being worth 60k a fucking coin). They don't realize that if Doge gets to be worth just $10 a coin, it will not just reach Bitcoin levels but overtake Bitcoin in value ($1.3T).
===========================
It's worth highlighting that Dogecoin is literally designed to fail. Since it lacks a cap on new coins being introduced, it's just simple math that no matter how much Doge rises, it will eventually be worthless. And it won't take centuries, remember that 100k new Doge are mined EVERY TEN MINUTES. 1,440 minutes in a day * 10K per minute is 14.4 million new coins per day. That's damn near every Bitcoin to ever exist mined every day in Dogecoin
11 -
I've just invested all my university money in Bitcoin. If it fails, I won't continue my education. Not even mad3
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So, got yet another one of those, "Ha! Sending this from your own e-mail address is proof I've infected your machine and recorded video of you synced to your browsing history! Send me bitcoin!" e-mails today. Just with a fun twist:
He claims to have infected my computer on November 8th, 2018 (for later readers: 4 days after the e-mail was sent).
Was about to give them points on creativity the other day; got a Japanese translation of it that was actually pretty spot-on all things considered, and then a Korean copy of it again the next day (just in case I couldn't read English or Japanese, I guess?).
But seriously, you're trying to pull this kind of scam, and can't even tell your bot to successfully pick a date *in the past*?4 -
heard about bitcoin a few years ago. wanted to buy. to lazy finding out where to buy. didn't buy. 3 years later looking at chart. OMFG fuck. Sad life.2
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147 -
I wrote I little Programm that shows you the current bitcoin price.
https://github.com/DominicWrege/...
I you want you can help improve it.
14 -
It was sometime in 2009. I kept seeing these ads for something called Bitcoin. I had some extra cash, so I decided to buy $100 worth. I had my debit card out, and was trying to figure out how it worked. Got distracted with a work email, and decided to put it off until later. I forgot all about it until around 2013 when I read about some guy that bought a house using $70 worth of Bitcoin he bought in 2009.2
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Am I the only one seeing similarities between the price chart of silver and bitcoin?
Yes, display is crappy(school pc)
6 -
just my useless opinion - I don't think bitcoin will every see a big drop
at least, not for ten years
in reality, every bitcoin transaction you make is just a number in the blockchain, just like any other coin. but unlike other coins, bitcoin is #1, has hype in the media, etc.
bitcoin is essentially the name brand of coins. when people think crypocurrency no other name comes to mind.
ethureum, litecoin, dogecoin? nope. nada. null. nil. None. the rate at which bitcoin will increase will become even more astounding. people can now profit of it more and more mining will happen because more people want to buy.
unfortunately I didn't buy it and 5¢, nor $4000, but I don't think we'll see another >$3000 drop for a while.
as the enthusiasm around it decreases, the price will increase at a slower rate, but nevertheless, growing.
my recommendation: buy now. and even if it does go down $2000 after you buy it, it'll probably come back up. so when it's work $110,000 in 2020, I don't think the $2000 will mean as much.
just my two cents.
I'd love to head some other opinions.15 -
So uh... your computer might be being used for bitcoin mining, and you might not even know it. How do you feel about this? Do you consider the site freeloading off your computer's processing power?
9 -
Could anyone link me to a good tutorial on getting started with bitcoin..? I would look myself, but there are a lot of different ways, and I'm not sure what's a good way, and what's a bad way.. Or, if anyone would like to give me a quick rundown, that would be great, too!
I'm looking to stockpile bitcoins overtime and let them sit, like a savings account. (Currentally have a little over $13 USD to spend (Paypal))
Process must not require a phone number!
Process must support Paypal~!
Thanks in advance,
April.2 -
I'm pretty sure istockphoto is mining bitcoin! Visited that website twice and the damn VM started freezing and CPU usage went up to 70% ....2
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Hello, world!
So from what I've heard, bitCoin (and other similar currencies) values have been on the rise.
Now, I don't make much. My only income is ATM is $12/mo through Patreon. I was wondering, should I take some of that every month and invest into BitCoin..? I would likely do this for a long time, and then sell off whatever I had built up. The thing is, I would need to be able to buy in small amounts ($2-5 worth).14 -
I think I just discovered what happens when two buzzwords have a baby...
https://cnet.com/news/...
Seriously what the fuck did I just watch. Consume this media at your own risk.5 -
Tech dumb Friend just came in with his laptop saying it was overheating and shutting down for d past 2 weeks for no fkin reason. Initial thoughts were dusty vents but wow i opened task manager and ders literally a bitcoin miner named GPUminer.exe running in d top of task manager task list. Retard mfs didn't even mask d mf name. Resetting d shitshow now thanks mr hax0rBoi.
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!rant
Omfg wtf is going on with bitcoin?
Don't know what makes me crazy about its growth in 2017: the fact that I have no money to buy some or the fact that when I have it might collapse ... Aaaargh9 -
When one of the random people working in the call center you have never met, starts the conversation with:
"You look like someone that follows bitcoin"
What ever happened to "hello"2 -
The Gold Rush of 1849.... everyone went to the west coast to mine gold.
The Bitcoin Rush of 2009.... everyone went to the GPU to mine Bitcoin.5 -
Is Google pushing Bitcoin? The AMP has been overwhelmingly positive during the entire bit-cession.
3 -
My first simplistic wallet to create raw Bitcoin transactions. The best part was that the transaction was mined succesfully and is now part of history.
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!dev
Sorry if this is a bad read, pretty new to devRant and writing in general.
I can't help but think and think of how much I fucked up my opportunities to completely change my life/financial status a couple of times. Damn.
A few years back (it was 2009, I think) I was playing Diablo II online, helped some random guy get through the hard levels. Normally, in such situation the lower lvl player allowed the higher level guy to grab the valuable boss loot; however this time the guy except sharing the loot with me asked me if I want his spare 2000 bitcoin. I asked if it's of any value, he said "not really".
I said I'd contact him later, when I figure out how this thing works and how to setup a wallet.
Guess what, I was too lazy and forgot about this thing completely. Then we lost contact.
In 2010, I made a comeback to bitcoin, but instead of buying it, I downloaded the bitcoin client, the blockchain (it was 800 mb in size, I remember) and have been contributing by running it on my PC for like a year.
Finally decided to get it ~3 years ago. Bought 2.5 BTC for 400$.
Was holding it, until I fell for the "free OmniseGO" scam and somebody stole them off me.
All of these can't get out of my head.
I visit coinmarketcap literally every hour to see how much I could have now. My girlfriend, friends, family, all fail to cheer me up. I still made a pretty good deal buying 5.5 ETH for 45$ and thats like 2500$ soon, its nice but this much I can make by coding
Shit, what do I do to stop being stressed except for seeing a psychologist.
May my failure make you smile today4 -
It's ironic to see recruiters in linkedin who criticize bitcoin end up looking for blockchain developers.1
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Do any of you, especially freelancers, get paid in bitcoin? How do you set that up so it’s easy for clients to pay and for you to get paid? How do you convince clients to pay that way?5
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I don’t give a fuck about crypto currency, bitcoin and all the shit. I don’t even want to know how it works.
I’m an arrogant or dumb ??
Roast me.11 -
!Rant
Worth sharing - a guy here in South Africa I spotted a year & a half ago advertising a local bitcoin reseller
Don't hear much about cryptocurrency in the headlines anymore
1 -
Thinking of making a project using the Blockchain to get better understanding of it.
Confused whether to use Ethereum Blockchain (Solidity) or Bitcoin Blockchain (bcoin API). Any help!1 -
I have course in university where I have to learn how bitcoin works and stuff.
Now you might say these concepts done there are "interesting". But when seen completely rational and compared to existing concepts, also invented after 1990... This is plain bullshit.2 -
Why isn't Monero popular than Bitcoin, its practically the BEST crypto currency ever build, Satoshi Nakamoto did a great job, but come on!
Monero is factually EPIC!2 -
The internet allowed for people to never have to go to a library for knowledge.
Bitcoin allows for people to never have to go to a bank for money.7 -
Bitcoin is above 10k, to all the stupid people who didn't listen when it was at 4k, don't buy now, fomo will get you rekt.6
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How powerful are Raspberries for Bitcoin mining when you are using like a hundred or more?
I am just curious if it is actually worth it or is the electricity bill higher?6 -
has anyone tried some bitcoin trading robots.. I found some Java library for that and implements scalping strategy1
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Why are there so many get bitcoin quick scemes out there. Are these things even legit? Because im starting to wonder, just curious now (thinking)1
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Lol this Rebecca James deleted its comment after i replied to it like that "You all sound like bitcoin promoting bots"
There was many accounts with boomers profile picture, one was promoting specialist of bitcoin trading. The other was saying "bitcoin is the true democracy"
I knew it was shady shit 😂
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I wonder how many people use Bitcoin as their main currency...
From the SO 2018 dev questionnaire!
1 -
Everyone's stressing and regretting not buying/investing in Bitcoin when it was hella cheap way back when and now it's even harder to join in with the whole bubble view.
Don't mind me and my Forex though. I'm sticking with the other traders of actual currencies.1 -
So Bitcoin just went above $10,000USD today, even though I'm a late bloomer to get on the trend, what would be the best go ahead for investing into Bitcoin, in regards to creating a Wallet and buying trading with Bitcoin3
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What does 317A7 means? Any guess! crack this name and you shall be awarded (only the first one!) with chunk of bitcoin....4
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Found a cool little article from the folks at Express VPN about setting up a home server and Bitcoin node. Ive been long curious about bitcoin ever since I first heard about it.
https://expressvpn.com/internet-pri... -
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15 -
Quick question.
I feel like I'm quickly developing a Bitcoin addiction. I've figured out how to backup my wallet to 'The cloud's by saving a file to Google drive in case I lose or spike my phone. Tested it out, it works. Got like 98% faith that the crypto is safe as far as not being able to access it like the dogecoin that's sitting on a phone that I still need to repair the screen of. First it was 20$, then 40$ in the BTC ATM. Felt like magic.
My question is:. Is you're opinion of me stupid?14
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