RAYZER'S WET DREAM COME TRUE: BITCOIN CRASHES LOL

[John Newman]

On December 22, 2017 4:33:54 PM EST, grarpamp <grarpamp at gmail.com> wrote:
>On Fri, Dec 22, 2017 at 2:56 AM, Gaycoin <getth at cumallover.me> wrote:
>> Coin went from ~20K to almost half it's value in a few days.
>
>Normal, been there, done that...
>https://www.reddit.com/r/Bitcoin/comments/7leubr/fact_tonight_is_the_fifth_30_correction_of_2017/
>https://www.youtube.com/watch?v=-hlN2nel5HI
>
>> 1,000,000.00
>> 100,000.00
>> 10,000.00 <--- You are here
>
>At least two more magnitudes remain to unlock.
>
>> reddit.com/r/Bitcoin/comments/7leq7t/bought_at_19500_ama/
>
>For posterity...
>https://www.reddit.com/r/Bitcoin/comments/7le7t9/bitcoin_today/
>https://www.reddit.com/r/CryptoCurrency/comments/7lhgeq/waking_up_today_and_checking_prices/
>https://www.reddit.com/r/Bitcoin/comments/7lg5dt/quick_grab_the_offer/
>https://www.reddit.com/r/Bitcoin/comments/7lfm1b/so_the_10k_prediction_by_the_end_of_the_year_was/
>https://www.reddit.com/r/Bitcoin/comments/7lf70e/why_crypto_crashed_today/
>https://www.reddit.com/r/Bitcoin/comments/7lhj3w/to_the_new_guys_lets_see_how_tough_you_really_are/
>https://www.reddit.com/r/Bitcoin/comments/7ler9l/number_of_hodlers_with_strong_hands/
>https://www.reddit.com/r/CryptoCurrency/comments/7lefhw/current_state_of_the_crypto_world/
>
>Whatever the new line of support ends up being,
>it'll be a hella strong launchpad to the next one.
>
>Cryptocurrency is still early days, there are but three primary
>rules...
>
>1) Stay agile 2) Buy dips 3) HODL...
>https://www.youtube.com/watch?v=90dQQYp2QWM
>https://www.youtube.com/results?search_query=crypto+hodl
>
>and of course
>
>4) Work on adoption while ignoring the markets
>https://www.youtube.com/watch?v=3lql_bwZoZs
>https://www.youtube.com/watch?v=y3cKBDBabtA
>
>5) Spend and annoy a statist
>https://www.youtube.com/watch?v=TZ0XcvHgpTc
>https://www.youtube.com/watch?v=YdJGmOnTURc
>https://www.youtube.com/watch?v=woOodUglSrk
>or just live
>https://www.youtube.com/results?search_query=living+on+bitcoin
>
>
>> Scumbags
>
>Some say BTC is pretty scummy with crazy fees and all...
>https://www.reddit.com/r/btc/comments/7ld7vp/greg_maxwell_uncorks_the_champagne_to_celebrate/
>
>
>> hemp
>
>Aren't there already some drug coins?
>So buy some, smoke a lil, and dig the audiovisuals...
>https://www.youtube.com/results?search_query=marijuana+music
>https://www.youtube.com/results?search_query=psychedelic+music
>
>
>In crypto we trust...

A brief point... The whole proof of work calculation that is done
in the process of Bitcoin activity would be far more 
interesting if it did something useful. I suppose this is 
much easier said than done - how do you precisely 
quantify "useful work" (eg crunching data on the genome,
on folding proteins, on SETI, etc)...

Burning carbon to generate wattage simply for the 
purpose of proving work generating hashes, without doing 
anything useful, seems like an awful waste. We are baking
the earth quickly enough, aren't we?

Are there are any digital currencies working in this 
direction? Is it even feasible?  

I take only a mild interest in Bitcoin having sold (used, actually) a number of coins at $400-$600 a couple years
ago and feeling foolish now, but I also recognize the
environmental problem.

Cheers
John
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