Lets face the real question...
....is it gay?
@Don Quixote Corazon, is it muslim?
@Don Quixote Corazon, its not gay if youre doing it to yourself right? .... right?
@Juggy, Says all the flexible dudes who can suck their own dick.
Better get busy eating
@Conor the Leprechaun, his time has come
Please somebody explain what a bitcoin is
@InterestingPun , It’s an electronic alternative currency. The prospect of a non-governmental, stable currency is terrifying to those who hold power, both domestically and internationally. It is therefore a very big deal.
@InterestingPun , To my full knowledge it’s a online currency that from what I least had no value from when it was first brought up in the world, apparently when it first came out you could mine it using code. It’s hard to explain because I don’t have enough knowledge. But to summarize it’s an online currency that people use to make real money by trading in their coins or some shjt like that
@InterestingPun , it's super cool if you like tech stuff! It's blockchain tech on a mass scale in an alternative economy, it's a futurists wet dream. Netflix made a really good doc called "Banking on Bitcoin" it's worth a watch high entertainment value as well as very informative. My favorite part is it was created by a mysterious Japanese man that no one really knows who he is, it's kind of surreal.
@EatMyAss, that's so key! They've imprisoned more people more severely for Bitcoin related dealings than anyone involved in the 2008 financial crisis! Also CEOs tell people to stop buying it because it's untenable. But in reality they're buying it all up themselves as an alternative to tax havens abroad.
@InterestingPun , so heres how it works because no ones really said how it works yet. Bitclin is based solely on the fact that people think that a number on a screen has a value. Which is reality you cant blame them because thats all the banking system is. If you have money in a bank and see that number on you online banking account, you think you have that much money, but in reality if everyone tried tl take "their" miney out of the bank all at once the bank would be fvcked because they dont actually have that much money to give out. In this way Bitcoin is not backed by any standard and thus is whats called decentrailzed meaning theres no one person that does or can control it. Also because its not backed by anything the economy is extremely volatile. The price for one bitcoin has raised nearly 8K just this year! And its been out for 12 years! In order to aqquire bitcoins you must take part is a process called mining. In mining your computer is asked to solve am extremely complex
@InterestingPun , equation. In order to solve this equation your hardware will use an algorithm know as a hash function. The rate at which you can solve these equations is mathmeatical corrospondent to your "hashrate" or how many hashes per second you can do. Once you figure out the solution to this equation youre awarded with 10 bitcoins that spawn out of thin air. Again because its not backed by any standard this can just happen. The only issue is that after an equation gets solved, the data from that equation is stored into a blockchain. Then the next equation you need to solve has to first analyse previous results of the blockchain. This block chain is mever ending amd as such is massive because of how long bitcoin has been around. It takes major computing power for you to be able to solve one of these equations on your own. You would need probably somewhere on the order of 500 1080ti's running in unison for your computer to be able to solve am equation. This is why people have
@InterestingPun , started to team up in pools, all contributing their processing power together to solve one equation. This is essentilly equivalent to 500 1080ti's or more all running in unison! So dont fret. The ability to mine bitcoins is still feasible. If youre interested more in bitcoin feel free to ask questions. If you want to start mining bitcoins grab yourself a wallet with coinbase and download nicehash miner 2. Its that easy!
@unknownjanitor, it seems like it would relatively easy to flood the market and cause hyperinflation to the point where the currency is worthless. Or maybe I'm just an idiot
@Zodiac308, just to make sure, you mean just mine a shìt ton amd flood the market right? Im not to good at economics terms. A new equation is only created every 10 minutes so new btc is only created every 10 minutes. Because its only something like 20 btc are created, and thats split between every member of a pool each person only gets about .00001 btc every equation. Thus not many people get a lot very often.
@unknownjanitor, that is exactly what I meant. Thank you for the explanation.
@unknownjanitor, Dude you make it sound so easy and makes me want to invest in a more powerful PC to do this. Can anyone do this? Like someone with mediocre knowledge of technology?
@Warm Buttery Toast, Id say so. Just ypu have to be willing to risk a good amount of money. Ive been mining for 3 months amd have made 900 or so dollars. Using a 1080 and a 1080ti that whole time. I jist recently last week bought twk more 980s for pretty cheap (and incase you dont know these are all graphics cards). Ive invested 1700 dollars so far and am currently making 12 dollars a day. As long as ypu know how to build a computer, and are willing to put a bit of money on the line for potentially a good reward then ya its pretty simple
@unknownjanitor, it's also very hard to get graphics cards now because of how many people want to mine
@Warm Buttery Toast, don't mine with your PC, those days are long dead. graphics cards won't last very long because they're not meant to run nonstop for days on end for months. It's all about mining with ASIC miners that are designed to mine bitcoin, i have a small farm of 15 ASIC miners and make $450 a day after electrical cost sitting on my butt. I've since invested my money on bitconnect in a compounded interest account that automatically buys and sells bitconnect (which is another crypto currency like Bitcoin) when prices are high and low. Just this year from everything I've made $180,000 I've retired and from bitconnect and bitcoin I make $2000 a day sitting on my butt. I got into Bitcoin when it was only $850 in January. The ASIC machines with power supply are $2,000. It costs money to make money but look at me. Retired at 29
He shall now be called "One Nut".
P.S. This guy totally ate his left ball. Posted a video online of him doing it.
@Saxman21, cant believe I’m asking this but, link?
@Spinorama29, video link:
link for Reddit post:
@Saxman21, oh so he just trolled nooice
Better make like a squirrel and eat that nut.
I’m just confused on how you turn your bitcoin into let’s say USD. I know there’s machines that will take like half of the profit or whatever. It just seems like no retailers would ever think of taking bitcoin as currency so wouldn’t it be relatively worthless?
Mmm soak it in Worcester sauce over night and sauté that bastard, good eatin!
He actually uploaded the video to reddit, just search for calaber24p and it's one of the top posts
Pics or it didn’t happen