The Bitcoin Saga

espressojim · 2022-06-13T17:40:02.950Z

This might be helpful:

'Sex-to-Earn' Startup Thinks People Will Fuck for Crypto

SEXN promises to pay you in crypto when you're having sex—and it's already making money, even if it hasn't delivered anything yet.

Menzo · 2022-06-13T17:44:51.866Z

Having sex for money! It’s such a great idea I can’t believe nobody has thought of it before.

anonymgeist · 2022-06-13T17:48:02.071Z

There is no way at all that this could go wrong.

Banzai · 2022-06-13T17:52:37.066Z

so very bold

Wallapuctus · 2022-06-13T17:53:14.289Z

So it’s going to be a couple hundred guys looking for a woman to join? Just like the crypto dating app?

TurinTur · 2022-06-13T18:00:06.222Z

Yes! yes!

CraigM · 2022-06-13T18:04:13.621Z

GO GO GO!

Menzo · 2022-06-13T18:06:26.235Z

Wallapuctus:

So it’s going to be a couple hundred guys looking for a woman to join? Just like the crypto dating app?

When it comes to having sex for money, I imagine they won’t have this problem.

Calelari · 2022-06-13T18:10:05.475Z

Yeah, but crypto bros. Sex workers do have standards.

Banzai · 2022-06-13T18:10:12.196Z

would be even better if the y axis started at zero, but still fun.

Balasarius · 2022-06-13T18:27:56.937Z

Thrag:

It rains (heavily) used video cards.

Sidenote, Linus did a test on a handful of mining cards that were a few years old and found them to be fine. With the caveat that they were used in a datacenter so their fans were mostly dust-free and nearly pristine.

Woolen_Horde · 2022-06-13T18:29:08.465Z

TurinTur:

https://i.imgur.com/LDWQCfn.png

Yes! yes!

Scuzz · 2022-06-13T18:31:14.662Z

Is that about the sex for crypto stuff?

KallDrexx · 2022-06-13T19:19:24.655Z

Chappers:

Is a cold wallet essentially offline while a hot one is not and ready to trade?

Yeah exactly. All transactions on an exchange occur on the hot wallet, and if any hack happens only the hot wallet funds are compromised. Automated systems are only able to interact with the hot wallet, while any transaction involving a cold wallet requires manual (and more secure) human protocols (generally).

Mythicjason · 2022-06-13T19:31:59.029Z

Menzo:

Having sex for money! It’s such a great idea I can’t believe nobody has thought of it before.

But dude, it will be on the blockchain and decentralized!

Timex · 2022-06-13T19:36:25.625Z

antlers:

Some of this is cushioned by big exchanges running lots of transactions internally, only using the Blockchain for settlement.

deCEntRaLiZE FinANcE!

Also, lol @ BTC’s value graph being a fucking asymptote

Mark_Asher · 2022-06-13T19:39:52.959Z

Sex that uses a blockchain? Kinky!

sillhouette · 2022-06-13T19:40:06.020Z

the cockblockchain, you mean

JoshL · 2022-06-13T19:42:22.422Z

The bitcoin network is slow and expensive to use. So, if you’re an exchange, and you have a customer who wants to sell .0001 bitcoin, just adjust your internal ledger to say that customer has .0001 fewer bitcoin and pay them. Then collect up a bunch of those and sell the total amount from your exchange account in a single transaction to save on transaction fees.

Oops, did the price of bitcoin go down by 15% while you were collecting up those transactions? Are you now losing money on every transaction? And suddenly all your customers want to turn their bitcoin into cash?

It’s just like It’s a Wonderful Life, except instead of saying “the money isn’t here, it’s in your house, and his house…”, you have to say the money isn’t anywhere because you didn’t invest it in anything you just set it on fire.

Timex · 2022-06-13T19:43:46.671Z

Our bitcoins are in Billy’s house?
BILLY’S A THIEF! STRING HIM UP!