Does anyone invest?

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#21
Has anyone here had any involvement with bitcoin? I haven't a clue what it's all about, but my brother has started meddling about in it.
Back in the day I made a mediocre flash game

https://www.newgrounds.com/portal/view/441352

This was intended to rig the Armor Games game contest because it was gonna be called HENTAI RACER and feature anime girls and thus win #1 most viewed game when I spammed it full of porno keywords.

Unfortunately armor games realized people were doing this and changed the rules which ruined my chances, eventually I got bored and just finished it anyways and submitted it on lockday as a generic racing game.

At the same time I put it on some wacko website for flash game creators to link up with website owners so they could set up sponsorship deals or whatever for flash games.

That game sat on there for nearly two entire years until out of nowhere some guy offered me an advertising deal.

He would either pay me 2,000 bitcoins, or 200usd.

That is when I first learned what bitcoins were, selling for around 10cents each at the time. I did my research and came to the conclusion that he is mining fake money and paying it to me instead of real money, back then you could spend 10 dollars and get 100 full bitcoins and you could hardly use them for anything at all.

I took the 200 USD and bought some headphones with it.

2,000 bitcoins is currently worth 20,000,000 USD.

Even if i took the bitcoins, I know that there was absolutely zero reality where I would have held them for nearly 10 years. I would have sold the second they hit 1 dollar, the second they hit 2 dollars, when they hit 10 dollars etc etc tec.

I probably would have lost them all via MT Gox also rofl.

On that note, several years ago I made a witty reddit comment and someone tipped me $2.50usd worth of BTC.

That $2.50 is now worth around $310usd, I couldn't be bothered to figure out how the hashes and wallets work so I still have them lol.


I still think bitcoins are stupid.
 
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#22
i got an email awhile from the goatse website telling me they were launching their goatsecoin. haven't yet cashed in on my free hundo goats
 
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#23
I still think bitcoins are stupid.
Agreed. I wish GridCoin would've caught on more. They're actually benefiting science.

"
Gridcoin is an open source cryptocurrency (Ticker: GRC) which securely rewards volunteer computing performed upon the BOINC platform in a decentralized manner on top of proof of stake.

BOINC is an open-source volunteer computing grid which combines the processing power of all individual users for the purposes of scientific research. It's free, production ready and many projects already harness volunteered computing power to attempt to cure cancer/AIDS/Ebola/malaria, map the Milky Way galaxy, crack Enigma machine codes, etc..
"
 
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#24
I just invested 200€ into IOTA and it seems to be steadily rising at the moment. Mainly because it was announced that big companies like Microsoft are now working with it.

If you want to know what IOTA is/does. Currently, it's still dirt cheap.

That being said, full disclaimer: It might drop a lot. It's your own money, invest wisely. Either I was a fool for investing 200 bucks or I was an early bird. Do some research, see if it's something you believe in and if it is, feel free to invest.
 
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#25
I really don't want to harp on about this, but I invested a total of 300€ (from November to now) into IOTA and I'm currently at a plus of 640 bucks. It's stabalizing at around 4 bucks per coin right now but who knows what'll happen.
 

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#26
just found out i have 0.0003 btc in my coinbase account so im gonna throw 10 quid on it and see where we go
 
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#28
I haven't watched the video and I'm drunk, so here's my explanation:

Bitcoin is worthless. Literally. It has no worth in itself. It can't be used for anything. When the concept started, it was basically a way to pay for something online. Nowadays, a transaction takes up to 60 minutes to go through. Bitcoin is basically just a stock that you invest into nowadays. It only holds value because people think it's valuable, but it can't be used anywhere.

IOTA on the other hand isn't like that at all. The more people who use IOTA, the faster it gets. Because if you do a transaction, you have to verify two previous transactions. asfjafasdof I'm drunk goodbye
 
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#29
I haven't watched the video and I'm drunk, so here's my explanation:

Bitcoin is worthless. Literally. It has no worth in itself. It can't be used for anything. When the concept started, it was basically a way to pay for something online. Nowadays, a transaction takes up to 60 minutes to go through. Bitcoin is basically just a stock that you invest into nowadays. It only holds value because people think it's valuable, but it can't be used anywhere.

IOTA on the other hand isn't like that at all. The more people who use IOTA, the faster it gets. Because if you do a transaction, you have to verify two previous transactions. asfjafasdof I'm drunk goodbye
kek
 
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#30
okay I just watched the video. She explained it quite well, even without linking block-chains to bitcoin too much.

The problem I mentioned still consists though. The more transactions occur, the slower they will get resolved. I am sure that she and her company know of that and have ideas to alleviate that though.