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So I went to the store today and used my contactless Mastercard to pay for what I purchased. The transaction was completed in literally like 3 seconds. Later, I managed to sell something on Amazon and I got instantly paid on Paypal within a few minutes.
Compare this to the 1.2 BTC and 20 ETH I bought, which is still pending 2 days later.
So what exactly is so special about Bitcoin, Ethereum or whatever altcoin out there that makes it a viable alternative to fiat money again?
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>>1914690
>that makes it a viable alternative to fiat money again
Nothing. Calling it a currency is a misnomer. Calling it a future replacement for fiat is a meme.
Transaction times are nowhere near fit for use in everyday situations. Plus with crypto coins you as the sender have to pay the fees, not the recipient (as with CCs).
It's an asset. Think of it as shitty digital gold with massive volatility. And don't let the popularity on /biz/ fool you - the whole crypto universe (BTC and all alt-coins) is still worth less than 25 billion USD. That's the annual budget of one or two large cities. Crypto coins are the tiniest of niches in terms of the financial markets as a whole.
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crypto currency is only for 1337 cyberpunk gamblers and degenerates with bad intentions
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>>1914690
>compare these "transaction times" from different non-blockchain services based on fiat to this other transaction time from another non-blockchain service based on fiat
The special thing about blockchain is that unlike your Paypal/Mastercard examples, which rely on credit while the middleman waits for real money to transfer, in exchange for a 3% fee (which is already priced into everything you buy, even if you don't know it), when a blockchain transaction is completed, all coins/tokens have actually changed hands, and fees are typically much lower.
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>tfw BTC bagholder
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>be me
>yesterday someone on /biz/ said they would pump ETH
>I invest half of my savings in ETH
>price doesn't really move
>I want to withdraw the money because at least I want to lose nothing
>I have to pay fees to withdraw
>literally losing money now
fuck you cryptocucks
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>>1914629
Nah, that guy is way too calm. Your average BTC holder would be writhing around and screaming in pain
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>>1914638
why buy in and only wait a day you pleb
>buying ETH that early for 50+
enjoy getting finessed
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Who here has actually made substantial money with cryptos? I want to try it out because there is no Robinhood in my country and I can't be fucked paying $15 a trade.
So who's lost money, made money, wish they started earlier, wish they never started?
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Making big money with LTC right now... Love it!
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My bro was one of those early BTC followers. He was 19, a nerd (a real one who was also programming and shit - not just browsing 24/7 like I did) and first year uni student.
He made about 350-500k EUR. When the BTC price was still at at about a dollar he told me to invest 100. I didnt...
Needless to day he doesnt trade coins anymore.
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>>1914600
Ethereum is going to do that, but so much more. Don't be the brother, be the nerd.
Anonymous
Ethereum - zcash mining 2017-03-30 03:05:44 Post No.1914444
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Ethereum - zcash mining 2017-03-30 03:05:44 Post No.1914444
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ETH-ZEC MINING
Will i be able to run 5 RX 480 8gb with a g1840?
Everyone says that you should pick the most cheap CPU for a mining rig, and actually the use of the CPU is around 0.7% when mining eth or zec, but if someone could give me a direct feedback it would be better
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>>1914444
Bump, I want to do this too
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>>1914444
Mining ether does not utilize CPU.
Some ZEC miners use CPU even for GPU-only mining, but not all of them.
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finance pleb here.
so what's the deal with the CMBS that were issued in 2007/2008? don't those have 10 year expirations?
also, market crash thread.
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I WATCHED THE BIG SHORT
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>>1914487
mmmmm
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>>1914439
Mortgage backed securities are like a cake. Except the cake is made of contracts that say that you are entitled to x amount of money every y months.
The next thing is a CDS aka credit default swap. It is an instrument that works like insurance on securities with credit risk. You pay z amount of money every now and then and get insured incase the underlying security defaults.
CDS are issued by a financial institution aka lehman bros.
Now the MBS had sub par mortgages in them aka poor people who couldnt pay out theit mortgage.
Problem was that the banks issuing the CDS were doing so by investing in MBS.
One fails everything fails. You know the rest
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I want to get into cryptocurrency. Been lurking on biz for like 2 years and after seeing ETH take off I want in. Who got a newfag guide to get into this? I want some litecoin and pivx can an anon help me pls?
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>>1914434
get btc on kraken, gdax, whatever exchange gets you btc for usd, eur than move your btc over to bittrex or poloniex to trade it for other shitcoins
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Pro tip: don't buy litecoin or pivx
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>>1914438
Pro tip: Dont buy litecoin
PIVX is the future you faggot
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FUCKING PAJEETS
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we have PhD in your major we work for $30k yr or less.
Problem amerifat?
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>>1914423
is that something to be proud of?? when people just above you are making 100x that? i thought you guys were supposed to be smart
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>be in 3rd world asia
>graduate October 2015
>got my first job just THREE DAYS AGO
>work hours according to contract is 10 hours Mon-Thurs, 9 hours during Fridays and half days on Saturdays (not counting the 4-hour commutes per day)
>salary is $200 per month as noob accountant and is still being deducted $20 per month as part of """"employee's bond"""" (of course taxes are also separate)
>they expect you to do overtime, but overtime is not paid unless accepted by the officer, and she usually just gives "T H A N K Y O U F O R Y O U R S E R V I C E"
>toilet for men and women for ALL DEPARTMENTS is just one cubicle for male and one for female
>no food in the pantry, just water
>people close to me say "anon, that company abuses people"
>scared to leave because finding employment is tough and I dont want to lengthen my already suspicious 2-year no experience neetdom
Are there any HRs here? I know being unemployed for less than a year is still kinda OK, but how many years of no activity is pushing it/a massive red flag? I feel my confidence plummet when interviewers ask me what did I do with my life as they get fresher, younger grads. I'm 21 btw
Also,
>have to be genki 24/7 or else you're done/they won't like you and will ignore you
>have to arrive earlier than superiors and come home later than them
>get assigned tasks
>choose to do them nonstop like I'm doing an 8-hour vidya stream so I can finish early and show "seriousness"
>get labeled "depressing" by coworkers in front of superiors
???????
So, how should it be done exactly? Do I have to do things slower to make it look like I'm a relaxed person? I feel like this could be a newbie-crushing maneuver from them. I hear dirty pulls like this all the time, but maybe I'm acting weird as well. When you get accepted do you also have to introduce yourself to every single one in the department?
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>>1914285
Is this indonesia? What is "genki"?
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>>1914285
Fuck off third world monkey
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>21
>Government working in Canada
>Easy as fuck job, shitpost all day long.
>Everything comfy, no one ever disturbs me.
> 17/USD an hr
>Hour break every day(half paid for)
>Beautiful ceramic bathroom that's always clean
>Meal prep at home while working out at the gym closeby
>Coworkers are all friendly and chill people
>Never have to work overtime, even leave early sometimes
I feel horrible for you :(
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Syscoin gonna pump heavy today. Get in while you can otherwise you will regret.
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>>1914235
sooo usually i would ignore a thread like this.
But that’s an actual tweet from @syscoin. so i’m in, we’ll see what happens!
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>>1914248
Going to dump 1.5 BTC into this in 5 minutes
- madman
p.s. join our group at [email protected], we are only recruiting for 2 more days.
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>>1914261
holding until end of day, this news should be good :D
Pivx mooning.
What the hell is going on?
It went from 60 to 82 cents in this morning.
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It receive a correction now and went to 77 cents.
Nevermind.
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>>1914213
>>1914234
PIVX is the future of cryptocurrency. ETH is cool and all but PIVX has much more potential as a currency.
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what's with the stupid market orders?
I am 18 and I still go to school does anyone have an Idea how to get into the pyramid scheme? I want to start with the money I get from my parents but I can't find a serious website.
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You might as well start mugging people, will get you into jail just as fast you degenerate.
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>get into the pyramid scheme
Talk to the man in the coil.
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Is there a way how not to get into jail but still invest a little bit of money?
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I thought the whole "dumping ETH" was a retarded myth but IM from korea and tons of people are talking about this happening now...
I dont know what to believe...
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>>1914081
Stop concern shilling you
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niggers can't buy ethereum at 50 dollars a coin so people need to dump it so it can be at 2 dollars a coin.
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>>1914081
Im scared... Hold me
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Which job in finance creates the least real value and is basically a net drain on human society?
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>>1913989
>financial planners.
Idiot retard fucking scammers. If they knew at all wtf to do they woukdnt be dicking off yout 401k into even a bigger stock market roulette game.
They are all fucking useless
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>>1914021
Nope. I'd say it's the hr people in the finance companies. Operates at a complete loss all the time
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>>1914021
Depends on the planner. The ones that sell stock bundles, yes. The ones that get your shit in order and set you up on a plan for retirement, no.
Anonymous
Serious question that requires a serious answer. 2017-03-30 11:29:55 Post No.1913980
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Serious question that requires a serious answer. 2017-03-30 11:29:55 Post No.1913980
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Serious question that requires a serious answer.
Anonymous
2017-03-30 11:29:55
Post No. 1913980
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Hey /biz/, I am a highschooler and I'm interested in a career in business.
I take physics and mathematics and they are very boring classes, studying politics and economics entrigues me much more.
It's funny how everyone in my class is falling for the engineering meme, they will certainly be working for me eventually in the near future.
Do careers in finance (banking) require you to have autism?
Or is that autism very miniscule when comparing it to the autism that engineers and scientists poses?
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a successful career in banking requires you to be the exact opposite of autistic and you should be a likeable person who's able to network like crazy.
source: best friend of 8 years works at a big 4 bank
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>>1914207
By autistic i meant numerical logic and mathematical ability
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So why is nobody talking about siacoin?
One of two groups working on decentralized storage. The other one is inferior..
Very high developer activity, stable price gain...
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>>1913967
It seems very undervalued..
Its dev activity is on par with coins like monero, zcash, litecoin and Ripple yet its less than 10% the price of any of them..
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>>1913967
I didn't get in because theres too much supply, it was like 50 billion.
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>>1913974
Who cares...its market cap is only 13 mil.
Crap like Golem is 5 times the market cap..