Cuckcoin official pol thread

Eli Cooper
Eli Cooper

What happens to Bitcoin when someone scales a fence at one of these three Chinese mining pools and cuts the power?

Muh decentralization

Someone is going to make big cash off a big short one day soon. When are plebs going to wake up to the fact it's not a good store of value or a good currency and it's not decentralized?

All urls found in this thread:

supforums.com/thread/152656243/politics
wired.com/2011/11/mf_bitcoin/

Isaac Smith
Isaac Smith

Good luck trying to pay for the fees invovled in a short

Jeremiah Lewis
Jeremiah Lewis

If they cut power then the difficulty will automatically lower and more people will be able to afford to mine it. Not like that's going to happen though. Plus we all know the Chinese century is upon us. Hail China.

Jace Ross
Jace Ross

Btc futures coming out on monday, some investment bank is going to make a killing on this

Cooper Morales
Cooper Morales

Doesn't lower immediately you'll have a couple weeks where nothing will get through

Landon Perry
Landon Perry

completely agree, however for the average joe its gonna be expensive to foot a future

Ryder Murphy
Ryder Murphy

average joe isn't going to profit from this huge billion dollar funds will

Easton Flores
Easton Flores

你需要學中文啊!

Jayden Rivera
Jayden Rivera

how get bitcoin?
Do you have to sign up on coinbase.com?

The bitcoin software said i need to download "block chain size (over 145GB)".

David Murphy
David Murphy

mining pool gets cut off
clear market incentive between its market price and the hashrate
exploit this and profit
ez
game

Hudson Edwards
Hudson Edwards

yes please sign up with my referral code coinbase dot cum / join / 5a09k1lln1gg3r5asbkxc9s

Ian Myers
Ian Myers

supforums.com/thread/152656243/politics
again, doesn't understand the intentionally built market incentive between bitcoins market price and its hashrate
The hashrate (aka mining rate of bitcoin) increases in direct proportion to its market price.
Market price was roughly 4k back in August. It was roughly 4k to mine one Bitcoin. The market price is now 13k. It now costs roughly 13k to mine one Bitcoin. Any deviation from this is a MARKET INCENTIVE for miners to exploit, which in turn also secures the network.

Nolan Torres
Nolan Torres

Why do you care so much about an activity only 0.05% of the world's population is involved in?
Oh right, its because you missed the boat and you're poor
Sorry bud

Eli Lewis
Eli Lewis

You've missed the boat. Buying coin now is suicide. The crash is imminent.

Leo Cooper
Leo Cooper

I feel sorry for you when you think being in btc is "the boat"

Cameron Roberts
Cameron Roberts

If a mining pool leaves it takes time for the difficulty to adjust, about 2 weeks.

So if one goes offline or leaves for another coin btc will become a lot slower than 2 day xfers

Brody Carter
Brody Carter

If by "in" you mean having lots of crypto, yes I'm in
But I'm confused... why would you feel sorry for somebody playing with house money?
Stay poor bud

Ryder Hughes
Ryder Hughes

Isn't it a good time to buy after it crashes? It will come back even stronger.

Kayden Nelson
Kayden Nelson

14x returns in crypto space
the boat

pick one

kek

Eli Brooks
Eli Brooks

Lol

Jason Nguyen
Jason Nguyen

I've encountered a post by a Greek radical autisto that believes in a big future of national crypto-currencies, like that proposed by Venezuela.

Russia plans to restrict Bitcoin operations, true, but they simultaneously launched some fucking "CryptoRuble" backed by our natural resources - and the Greek is ecstatic about it. Greece should do the same! And Italy! And Ireland!

Luis Mitchell
Luis Mitchell

Everyone can launch a coin but how do they inter-op?

Interledger Protocol is set to become a w3c standard and its built by Ripple.

Isaiah Robinson
Isaiah Robinson

it doubled in 15 days
you could all have made a killing

Christopher Phillips
Christopher Phillips

If those 3 pools died overnight everyone would be getting 75% more bitcoin.
That would be fucking awesome.
Bitcoin would become profitable for small miners again. Rather then needing to buy a $4000 unit just to hash at a rate where you'd make profit.

Ian Reyes
Ian Reyes

do you withdraw what you cant afford to lose?
remember it could all vanish one morning

Alexander Williams
Alexander Williams

well if you power your mine with solar power it can help i guess
get a mine powered normally
invest profits in solar power
keep mining and investing
shitcoin crashes
you now have a big private solar power plant

Parker Young
Parker Young

I dunno, due to volatility, it's still possible to make bitcoin in bearish conditions.

I do have to set limit orders like crazy though. Drives me nuts.

Nolan Adams
Nolan Adams

Gold Master Race.

I remember a few years back during the first peak of Fagcoin people were opening mining facilities in Moses Lake, Washington for the dirt cheap super low priced electricity.

The feds shut every single one down.

Bbbubut muh currency of freedom

It's all a ponzi scheme manufactured by Chinese globalists with every controlled Market and Policing organization knowing the truth.

Enjoy your ((((investment)))) though. Think about this would J.P. Morgan Chase allow someone to outdo their centurylong work for some gookcoin?

Thomas Ramirez
Thomas Ramirez

You would still have to drop like 6k to get this going at a rate where you actually make money in a reasonable amount of time.

Anthony Kelly
Anthony Kelly

guyz its a ponzi scheme

were all being nakamoto-ed

wired.com/2011/11/mf_bitcoin/

Bentley Flores
Bentley Flores

Soon OP and all faggots like him will be working for me and I'll pay them 1 Satoshi a year and call them cucks.

David Morris
David Morris

Buy LTC and ETH

Adam Adams
Adam Adams

spend btc

Gabriel Bailey
Gabriel Bailey

babbys first bubble understand (((markets))) better than (((those))) who (((created))) them

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