Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Unfortunately SBF is busy sponsoring e-sports teams and arenas instead of pumping our bags.
     
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  2. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Also wishing his employees happy bday.

     
  3. user15000

    user15000 Well-Known Member

  4. danny2430

    danny2430 Well-Known Member
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    Was not expecting to see so much green when I woke up this morning.

    Hiccup in the dip or the beginning of a recovery?
     
  5. beerme

    beerme Well-Known Member
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    There seems to be a 1-2 week cycle, general trend is down but it never flies downard that quickly without a recovery. At least what i've noticed lately.
     
  6. user15000

    user15000 Well-Known Member

  7. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    They'll probably be like Blockfi and just give you shit fills and make their money that way instead of transparently charging a fee.
     
  8. user15000

    user15000 Well-Known Member

  9. Harrison Beck

    Harrison Beck Rut Roh maximalist
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  10. kinghill

    kinghill Well-Known Member
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    Any of you use something like Cryptohopper?
     
  11. jorge

    jorge Founder of Post ITT if your team sucks
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    Yes I do.
     
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  12. southside

    southside Well-Known Member
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    Aka the Robinhood
     
  13. user15000

    user15000 Well-Known Member

  14. jorge

    jorge Founder of Post ITT if your team sucks
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    God every time i see phrases like "retail wealth clients" i think of my time working for a multinational bank and get irrationally angry.
     
  15. user15000

    user15000 Well-Known Member

    I assume it just means all retail. The article says that their high net worth ($2m+ invested) have access to a different fund.
     
  16. jorge

    jorge Founder of Post ITT if your team sucks
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    The bank i worked at called retail retail banking and high net worth private wealth, so I honestly don't know which it is. However it's more just the terminology makes me think of how terrible large bank work culture is.
     
    #17071 jorge, Jul 22, 2021
    Last edited: Jul 22, 2021
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  17. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    And J P Morgan coin, right? Right?
     
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  18. Harrison Beck

    Harrison Beck Rut Roh maximalist
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  19. PSU12

    PSU12 The Grand Experiment
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  20. beerme

    beerme Well-Known Member
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    Been a nice… hour…
     
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  21. PSU12

    PSU12 The Grand Experiment
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    What’s causing this? Bitcoin went up like 4K in 4 minutes
     
  22. user15000

    user15000 Well-Known Member

    More buyers than sellers :awesomeface:

    Various on chain analysts have been calling for this for awhile now though; supply shock, short squeeze, etc.
     
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  23. danny2430

    danny2430 Well-Known Member
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    Totally expected another slow night into a losing Monday….this is nice

    Was gonna pump some more in tomorrow, oh well
     
  24. beerme

    beerme Well-Known Member
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    Is there not a way to have 1 mining machine thats 50,000x more powerful?
     
  25. user15000

    user15000 Well-Known Member

    No
     
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  26. Whammy

    Whammy Look kids, Parliament!
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    Lets fucking go Boomer coin! Lead us higher baby
     
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  27. jorge

    jorge Founder of Post ITT if your team sucks
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    it would be very expensive to develop and what happens if it fails? If one of 50k fails you just swap it out.
     
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  28. danny2430

    danny2430 Well-Known Member
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    Did every crypto just tank 5% or are my charts bugged?
     
  29. user15000

    user15000 Well-Known Member

    My understanding is that the processing power and chips don’t exist to even make it remotely possible.
     
  30. Whammy

    Whammy Look kids, Parliament!
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  31. Handcuffed

    Handcuffed TMB OG
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    it's hilarious that CATHIE WOODS has become an expert panelist on anything

    she was heavy into Tesla a couple of years ago with an outrageous price target. and her reasoning was that the cars would serve as taxis ("robotaxis") and generate owners $10K/year at minimum



    a bit later, she released one of her firm's investment models and the whole thing was high school level: https://themarketplunger.com/2019/05/26/when-models-fail/
     
  32. jorge

    jorge Founder of Post ITT if your team sucks
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    There no advantage to it so no one has designed anything like it. Practically speaking you are right. I really doubt a computer is going to be built to use 600 MW of power, but in theory you could make multichip boards, there is just less advantage to doing so. Thing like antminers as designed to be simple, efficient as possible with no overhead. Making more complex systems will have more overhead. Additionally I would assume more powerful, larger chips would be more expensive to design and manufacture in terms of total dollars/hash. So I just wanted to give context to beerme that before we even get to whether they could make the miners 2x or 3x or 10x times as powerful and large, there are many issues that might affect whether anyone would want to.
     
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  33. jorge

    jorge Founder of Post ITT if your team sucks
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    An interesting tidbit that the worlds fastest computer is also one of the most efficient in the world in power consumption, drawing "only" 5 MW.

    EDIT: Apparently, I'm about a year out of date and a new one is at 30 MW.
     
    #17094 jorge, Jul 26, 2021 at 9:14 PM
    Last edited: Jul 26, 2021 at 9:29 PM
  34. danny2430

    danny2430 Well-Known Member
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    Can we get another billion worth of crypto shorts liquidated tonight?

    Okay thanks bye
     
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  35. user15000

    user15000 Well-Known Member

     
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  36. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    Huge Nokia guy
     
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  37. dblplay1212

    dblplay1212 Well-Known Member
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    Pretty sure Elon said the same. That their cars would be appreciating assets. Elon homers in the Tesla thread bought it.
     
  38. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    Are we under the assumption that there's just not going to be AI driving cars in the near future or? Idk if tesla is going to be the first to do it but it's for sure going to happen at some point in the future and you could argue tesla is best positioned to capitalize on it.
     
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  39. dblplay1212

    dblplay1212 Well-Known Member
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    Agree. I don't think I'll be able to send my car off at night to work as a taxi while I sleep and make me $10k per month though.