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Buying Crypo
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2022-11-17 at 3:44 AM UTC
Originally posted by the man who put it in my hood localbitcoin.com look for a person selling on there through paypal, easy to find but you might have to go through some hoops for account verification like sending them a picture of you holding up your photo ID
anonymous money laundering by the way
I used to use dudes on localbitcoins who had me make cash deposits into their account at a local credit union. No ID etc needed for deposits, only withdrawals. Usually was done in like half an hour.
And yeah just use Coinbase, less fuss -
2022-11-17 at 3:50 AM UTC
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2022-11-17 at 3:50 AM UTC
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2022-11-17 at 5:41 AM UTC
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2022-11-17 at 5:45 AM UTCBitcoin made a lot of really shitty "end the fed!" people incredibly wealthy.
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2022-11-17 at 8:32 AM UTCbitcoin didn't do anything, they made themselves wealthy
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2022-11-17 at 2:02 PM UTC
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2022-11-17 at 3:16 PM UTC
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2022-11-17 at 3:17 PM UTC
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2022-11-17 at 3:19 PM UTC
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2022-11-17 at 3:31 PM UTC
Originally posted by vindicktive vinny no.
https://www.google.com/search?q=starting+price+of+bitcoin -
2022-11-17 at 3:36 PM UTC
Originally posted by ⠀⠀⠀⠀⠀⠀ https://www.google.com/search?q=starting+price+of+bitcoin
Originally posted by ⠀⠀⠀⠀⠀⠀ https://www.google.com/search?q=starting+price+of+bitcoin
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2022-11-17 at 4:05 PM UTC
Originally posted by ⠀⠀⠀⠀⠀⠀ No. When BitCoin first came out, they were totally free.
you still had to find suitable hashes. it was a lot easier than it is today because it was less particular about what hashes were valid (the difficulty level), but it still required computation and therefore electricity. -
2022-11-17 at 5:17 PM UTCwhen I got into it the meta was this
the entire network was hobbyists, giga nerds and a very small number of dedicated corporate like the earliest exchange rypto scummers or pirates or whatever, I think the chinese were really the first to make the "fill a warehouse with graphic card mod rigs and pump ryptos" into a "business model" and eveyone else has just been copying them
which is why the market crashed, too much doing the same thing, no innovation. YOu can't just do the same thing forever, that's why everything is fucked, that's why this shit is designed the way it is so that you still use it when this happens, Don't "invest" in crypto, it might go up or down who knows but it's not a speculative security, it's the future. Invest in THE FUTURE and build it -
2022-11-17 at 5:20 PM UTC
Originally posted by Ghost when I got into it the meta was this
the entire network was hobbyists, giga nerds and a very small number of dedicated corporate like the earliest exchange rypto scummers or pirates or whatever, I think the chinese were really the first to make the "fill a warehouse with graphic card mod rigs and pump ryptos" into a "business model" and eveyone else has just been copying them
which is why the market crashed, too much doing the same thing, no innovation. YOu can't just do the same thing forever, that's why everything is fucked, that's why this shit is designed the way it is so that you still use it when this happens, Don't "invest" in crypto, it might go up or down who knows but it's not a speculative security, it's the future. Invest in THE FUTURE and build it
That looks like my old 486 100mhz DX4 setup. -
2022-11-17 at 5:39 PM UTC
Originally posted by troon you still had to find suitable hashes. it was a lot easier than it is today because it was less particular about what hashes were valid (the difficulty level), but it still required computation and therefore electricity.
There was no mining involved. BitCoins were downloaded free of charge. -
2022-11-17 at 5:55 PM UTC
Originally posted by ⠀⠀⠀⠀⠀⠀ There was no mining involved. BitCoins were downloaded free of charge.
they still had to be 'mined', you can't offer them for download unless they're on the blockchain, and they can't get on the blockchain without a valid block hash.
Here's the very first hash:
000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f
the hash had to contain ten leading zeros to be valid. that took some computational effort, but nothing compared to the effort required today. -
2022-11-17 at 6:17 PM UTC
Originally posted by troon they still had to be 'mined', you can't offer them for download unless they're on the blockchain, and they can't get on the blockchain without a valid block hash.
Here's the very first hash:
000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f
the hash had to contain ten leading zeros to be valid. that took some computational effort, but nothing compared to the effort required today.
Valid block hashes were handed out free. -
2022-11-17 at 6:27 PM UTCyou can solve the equations used for the SHA encryption by hand but a computer can do it faster
Originally posted by Ghost This is what they used before computers apparently. Imagine a warehouse full of girls solving blockchain equations to mine cypto by hand instead of using GRAPHICS CARDS you could have it all powered by HUMANS instead, FUCK ELECTRICITY!!
https://www.nasa.gov/feature/when-the-computer-wore-a-skirt-langley-s-computers-1935-1970
https://www.history.com/news/human-computers-women-at-nasa
now when you google "caluclaytor girls" this is what comes up, truly a shame . Women are literally as smart as computer and we reduce them to TITS AND ASS GET BACK IN THE KITCHEN AND MAKE ME A BABY, WHORE!!!!
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2022-11-17 at 6:38 PM UTC
