Lurker > 1337toothbrush

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, Database 8 ( 02.18.2021-09-28-2021 ), DB9, DB10, DB11, DB12, Clear
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TopicCryptocurrency is amazing. Can't wait for the day that it's mainstream
1337toothbrush
03/28/21 4:40:56 AM
#37
ssjevot posted...
Investing isn't speculating. I really hope you understand that.
Of course it's not, which is what I'm trying to differentiate here.

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TopicCryptocurrency is amazing. Can't wait for the day that it's mainstream
1337toothbrush
03/28/21 4:39:35 AM
#35
Rob Cesternino posted...
What is your definition of a price crash? It used to be worth less than a penny, and today its over $55K.
Losing 30+%. A crash has still happened even if the price recovers a couple years later.

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TopicCryptocurrency is amazing. Can't wait for the day that it's mainstream
1337toothbrush
03/28/21 4:37:49 AM
#33
ssjevot posted...
If you're speculating to make money this is absolutely essential though. If it doesn't fluctuate wildly you are better off speculating on something else.
Or you could invest in something with a reasonable rate of growth. You got lucky with your speculation, but that doesn't make it a good investment. If wild swings are the mark of a good investment, then penny stocks are a better investment than well-established companies by that metric.

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TopicCryptocurrency is amazing. Can't wait for the day that it's mainstream
1337toothbrush
03/28/21 4:35:26 AM
#30
samurai bandit posted...
Stablecoins fix that problem. But yes.
Stablecoins such as tether which isn't actually backed 1:1 with dollars? It's a scam.

Trumble posted...
Yes, in the same way that if you're in Canada on holiday and you buy a sandwich for CA$6, then the value of the Canadian dollar goes up, you basically just paid more (probably not $60, but the same idea still applies) for the sandwich.
The magnitude of the fluctuations is the problem. Comparing it to the Canadian dollar is disingenuous.


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TopicCryptocurrency is amazing. Can't wait for the day that it's mainstream
1337toothbrush
03/28/21 4:32:52 AM
#29
samurai bandit posted...
This is the value. The difference is that normal people can do it now instead of just privileged corporations or individuals. That's the point of a decentralized world.
Do what?

Rob Cesternino posted...
You've heard of blockchain, I assume? Bitcoin and crypto are built on top of a blockchain, which is like an open database that uses lots and lots of encryption for its transactions. With blockchain, you can prove that a transaction went from point A to point B without a middleman.

In normal finance, you have your bank as the middleman to prove that you paid your friend money that you owe him for lunch. Imagine if you could pay your friend electronically without the need of a middleman. The money would not go through any bank, financial institution, or government. You could send it to him anywhere in the world anonymously.

What's so bad about a bank, you say? Well think about the 2008 financial crisis. It happened because the banks got greedy, and the whole world economy almost collapsed. Think about all the money the Fed is printing right now and how it will lead to hyperinflation. With Bitcoin, none of that will happen because the software guarantees there will only ever be 21 million coins in circulation.

In summary, having crypto means that for the first time in human history we can possibly destroy the banks.
Think about how many times bitcoin has crashed.

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TopicCryptocurrency is amazing. Can't wait for the day that it's mainstream
1337toothbrush
03/28/21 3:34:48 AM
#22
ssjevot posted...
The funny thing is a lot of times people like TC are talking about PoW coins that take a long time to verify and have massive fees and not instant feeless PoS coins. Not shilling for any coin here, just pointing out you almost always hear people say this shit about coins that it literally isn't true for.
Exactly. It's because the actual utility doesn't matter. These folks come crawling out of the woodwork whenever the price of bitcoin of bitcoin is high, then they crawl back when it inevitably crashes again. If the utility was what mattered, bitcoin would be the "main" cryptocurrency. It's just a get rich scheme and bitcoin benefits from name recognition.

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TopicCryptocurrency is amazing. Can't wait for the day that it's mainstream
1337toothbrush
03/28/21 3:32:11 AM
#21
Rob Cesternino posted...
It's shocking to me how misunderstood Bitcoin is. Most people don't realize it took a genius level software engineer to invent, and it solved problems in computer science and economics that had never been solved before.

It's not an understatement at all to say that crypto is world changing and will forever alter the way humans deal with money, the banks, and many other things.
Please elaborate. The most hype for crypto that I've seen comes from speculators trying to make money off of it. The "amazing" things it can do have all been things that are already possible without crypto. I've yet to see a truly compelling use case.

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TopicBrexitor's face eaten by leopards.
1337toothbrush
03/28/21 2:39:02 AM
#5
"I'm not too happy at the prospect of returning back to the UK."

Yeah, it's a real shithole.

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TopicImagine streamers for other media and other hobbies
1337toothbrush
03/28/21 2:37:27 AM
#11
There are movie/show watchalongs and they can be enjoyable because of commentary. The advantage of video games is that you can cheer them on since their effort directly impacts the results. I don't care for streamers, but I get it.

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TopicJust ended a battle with Frog at 777 HP.
1337toothbrush
03/28/21 2:33:40 AM
#25
TopicWhen I eat sushi, I only eat sashimi
1337toothbrush
03/28/21 2:30:41 AM
#10
I love sashimi, but I also love sushi. They both have their place. The rice of the sushi provides a nice balance in flavor.

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TopicCryptocurrency is amazing. Can't wait for the day that it's mainstream
1337toothbrush
03/28/21 2:26:53 AM
#18
VideoboysaysCube posted...
Every currency is essentially monopoly money. It only has value because you have faith in your government. Without the government, those dollar bills are just wads of paper.
I know that the government can keep the value of the US dollar relatively stable. I don't know how much I'd be getting paid if I was paid in bitcoin. Within a day I could be taking a pay cut or pay raise.

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Topicdoes anybody here make six figures in a non-stem or business/finance-related job
1337toothbrush
03/26/21 11:36:11 PM
#30
TopicBoy Meets World is a good show
1337toothbrush
03/26/21 11:21:39 PM
#13
Topicpeople bitch all the time about vg characters getting boob reductions
1337toothbrush
03/26/21 7:53:50 PM
#10
TopicWhy are people not more angry about NFTs
1337toothbrush
03/26/21 7:47:15 PM
#8
Blightzkrieg posted...
As far as I know NFTs don't actually give you any rights to what you purchase

It's just a certificate saying you own it, without actually giving you any control over it. The guy who bought the first tweet can't delete it, or do anything if Twitter deletes it.
Not only that, but it doesn't even encode that data within the NFT. It simply encode a link to the "asset", so whoever actually owns the website that the NFT links to can just change it. It's multiple levels of stupid.

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TopicCryptocurrency is amazing. Can't wait for the day that it's mainstream
1337toothbrush
03/26/21 11:39:41 AM
#9
This topic brilliantly demonstrates how crypto fans praise cryptocurrencies for doing things that aren't new.

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TopicWhy did they sexualize velma in the scooby doo movie
1337toothbrush
03/26/21 11:36:00 AM
#33
TopicWhy did they sexualize velma in the scooby doo movie
1337toothbrush
03/25/21 11:57:14 PM
#3
TopicTeacher fired for installing secret camera inside the students' toilets.
1337toothbrush
03/25/21 10:26:09 PM
#5
He had the camera on while he installed it and it captured that footage? Good thing he's an idiot.

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TopicIf you aren't taking a shower once every day then it's time you start
1337toothbrush
03/24/21 1:10:23 PM
#4
TopicGood God Genshin Impact drains my battery fast.
1337toothbrush
03/24/21 1:08:53 PM
#3
TopicYou must eat this in 15 minutes
1337toothbrush
03/22/21 2:33:12 PM
#33
TopicImagine having a wife as beautiful as Furirin
1337toothbrush
03/22/21 2:30:40 PM
#3
TopicWhat's your favorite genre of porn? >_>
1337toothbrush
03/22/21 2:24:49 PM
#43
TopicDeclawing cats should be illegal everywhere
1337toothbrush
03/21/21 7:53:07 PM
#263
divot1338 posted...
Pretty sure no one ever rubbed a slaves tummy.
Ah, so you're a kind master. That squares everything.

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TopicDeclawing cats should be illegal everywhere
1337toothbrush
03/21/21 6:14:29 PM
#260
TopicI'm bout to eat grizzly bear. Anyone ever try?
1337toothbrush
03/21/21 3:36:14 PM
#9
I watched a documentary in school about the great depression and in it some guy sold bear meat to a soup kitchen which resulted in thousands of men with violent diarrhea.

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TopicJudge: Ghislaine Maxwell details too 'Sensational and Impure' to be revealed...
1337toothbrush
03/21/21 2:27:26 PM
#50
COVxy posted...
Not sure criticizing people sensationalizing terrible crimes because they find them entertaining or fulfilling of some sort of weird narrative is a defense of the original crime.
You're making a stupid assumption in a pathetic attempt to defend the rapists of children. It doesn't matter if they're famous, they should be brought to justice. Apparently you're more concerned with maybe some people being entertained by this than actually punishing rapists.

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TopicWe have been in Iraq for 18 years...
1337toothbrush
03/21/21 2:18:21 PM
#3
TopicJudge: Ghislaine Maxwell details too 'Sensational and Impure' to be revealed...
1337toothbrush
03/21/21 2:12:28 PM
#47
COVxy posted...
Lol, what defense have I lobbied here?

COVxy posted...
News stories with this woman and Epstein are surrounded by pretty much gross gawkers who just want to see a scandal with politicians and celebrities.


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TopicJudge: Ghislaine Maxwell details too 'Sensational and Impure' to be revealed...
1337toothbrush
03/21/21 2:08:34 PM
#45
COVxy posted...
hockeybub89: hard for human trafficking and sex with minors.
COVxy: defending the rapists of children.

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TopicIf you have $40,000 in your retirement accounts, in 30 years it will be
1337toothbrush
03/21/21 2:13:41 AM
#56
I Like Toast posted...
the post talking about putting money in retirement accounts. you know, savings. You're aware you can take money out of your retirement accounts before you retire right?

now bye bye, no more food for you.
The post was talking about prioritizing investments over paying down a mortgage. That works well until the market tanks. Sure, you can take money out but it'll be a much smaller amount of money which you'd lose more on potential appreciation plus you likely have to pay a penalty. If you run out of that money, there goes your house and everything you've paid into it up until that point.

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TopicIf you have $40,000 in your retirement accounts, in 30 years it will be
1337toothbrush
03/21/21 12:21:55 AM
#46
TopicIf you have $40,000 in your retirement accounts, in 30 years it will be
1337toothbrush
03/21/21 12:20:37 AM
#44
I Like Toast posted...
please tell us how i'm "jumbling up points"

I Like Toast posted...
how were people who had savings the ones losing their house during the great recession

lol

Nobody said people who had savings were the ones losing their house during the great recession. No wonder you're so offended at me calling people illiterate, it must be a sensitive issue for you.

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TopicIf you have $40,000 in your retirement accounts, in 30 years it will be
1337toothbrush
03/20/21 11:58:49 PM
#38
I Like Toast posted...
double bonus, the notion that people who had savings are the ones that lost their homes is well, the kind of post you'd expect from someone who needs to call users illiterate when they can't actually support their bullshit because they're talking out of their ass.
You're jumbling up the points to make them look incoherent. Either learn how to read or stop misrepresenting my arguments, you disingenuous hack.

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TopicIf you have $40,000 in your retirement accounts, in 30 years it will be
1337toothbrush
03/20/21 11:54:06 PM
#36
SevenTenths posted...
> calls user illiterate
> pretends op said you only need 40k, or could retire on 300k, or that you should stop putting money in after 40k
I didn't pretend that at all. I'm just pointing out that putting in a modest amount of money is not necessarily going to give you a proper retirement. You need to have money to make money.

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TopicIf you have $40,000 in your retirement accounts, in 30 years it will be
1337toothbrush
03/20/21 11:34:26 PM
#33
SevenTenths posted...
Jesus christ ce is financially illiterate.

Buying a house and saving for retirement aren't some mutually exclusive thing. Inflation existing doesn't mean saving is a terrible idea.
You're just plain illiterate. I didn't say they were mutually exclusive and I didn't say saving was a terrible idea. My point was that $300k 30 years from now won't do much and that dumb articles like "just skip a coffee a day and you can retire!" are bullshit. The house thing came up because TC claimed anyone pointing this out will be living in a sardine apartment and I said I already have a house so that can't be.

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TopicIf you have $40,000 in your retirement accounts, in 30 years it will be
1337toothbrush
03/20/21 10:54:36 PM
#18
RevivedPacifist posted...
This is incorrect, unless the mortgage payments came with an astronomical interest rate he lost money by not contributing to tax advantaged accounts. This is why you need to heed my advice as you are clearly a financial rookie.
The peace of mind that comes with actually owning my home is priceless. Meanwhile geniuses following your line of thinking lost their homes during the great recession.

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TopicIf you have $40,000 in your retirement accounts, in 30 years it will be
1337toothbrush
03/20/21 10:03:10 PM
#6
RevivedPacifist posted...
With that kind of attitude you two are destined to spend your final years in a sardine box apartment unless you pick it up
How? I already have a paid-off house.

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TopicIf you have $40,000 in your retirement accounts, in 30 years it will be
1337toothbrush
03/20/21 9:59:23 PM
#3
TopicBeing a NEET is like taking your retirement early
1337toothbrush
03/20/21 9:32:53 PM
#13
MedeaLysistrata posted...
Ok, parts of it, like not working

I hope u like compromise
The closest I've been to a NEET was the couple weeks after I graduated where I was looking for work and it was a shitty feeling. I'm sure that similar to that, there is never a feeling of being truly at ease when going the NEET route.

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TopicBeing a NEET is like taking your retirement early
1337toothbrush
03/20/21 9:07:10 PM
#6
TopicLatest bicycle anti theft device
1337toothbrush
03/20/21 8:19:29 PM
#3
TopicVTuber General 6: Shuba me? Well, shuba you, buddy!
1337toothbrush
03/20/21 7:30:47 PM
#85
TopicBad idea to buy a used switch?
1337toothbrush
03/20/21 9:25:12 AM
#4
TopicI can't eat for 5 days
1337toothbrush
03/19/21 11:30:49 PM
#20
Monolith1676 posted...
I do but I only use it in emergencies.
Why? You can pay it off without accruing interest. Besides, this sounds like an emergency.

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TopicI can't eat for 5 days
1337toothbrush
03/19/21 11:08:56 PM
#3
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