GimmeThaLoot

Nov 13, 2013

My hookers and blow empire has never been greater

locality

Nov 13, 2013

I sold all mine at $100 and I feel like a massive dope. 

I never planned to sell for good, I was waiting for it to dip to $80 again so I could buy back in. I just wanted to increase my hold. First time I ever sold my entire wad. Of course that's the time it broke for $200 and never looked back.

Oh well, fuck it. Money is gay anyway. 

 

:(

BiggestCockEver

Nov 13, 2013

Sounds like Bitcoins are the new beanie babies.

Which, incidentally, are currently next to impossible to give away anymore.

GimmeThaLoot

Nov 13, 2013

UgliestHolidaySweater:

Clearly, you are not savvy or a long term institutional investor. Goldman has three secret warehouses of beanie babies. They rotate the inventories twice a day using heavy duty industrial haulage trucks. Beanie Babies will be priced in the low four figures in the mid 2020's. 

StudMcRoughlove

Nov 13, 2013

I bought a bunch of palladium (the actual physical metal) at $350 so I did OK on that one but I am kicking myself for dismissing bitcoins outright. Oh well, at least I didn't buy apple at $700.

squigless

Nov 13, 2013

I was going to put 10 grand into bitcoin when I first heard about it. I think they were going for about $2.21 at that time. Unfortunately, I had some other major business problems at that time, too, and suffered a bit of a (actually, a pretty goddamn major) psychological meltdown... forcing me to put my investing on hold.

I kick myself for that daily. Oh well; live and learn. I won't miss the next opportunity.

GimmeThaLoot

Nov 14, 2013

Bitcoin will be champagne and caviar until quantum computers make it simple to mint billions of them per second.

German_Film_Star

Nov 17, 2013

My fart jar empire has never been greater

 

FTFY

StudMcRoughlove

Nov 18, 2013

Bitcoin will be champagne and caviar until quantum computers make it simple to mint billions of them per second.

I wonder if quantum computers will ever happen or if they will be like fusion reactors, totally possible but always 25 years away from being marketable technology. The average consumer really needs more cost effective SSDs and faster internet more than anything else at this point. Quantum processing technology still needs to connect to both the internet and some form of storage which by comparison would be like smoke signals at this point.

German_Film_Star

Nov 18, 2013

I wonder if quantum computers will ever happen or if they will be like fusion reactors, totally possible but always 25 years away from being marketable technology.

 

They Already have(happened).

 

Now it's a question of making them cheap enough to produce and practical to operate under extra-laboratory conditions. What exactly do you know about computer hardware/electronics/solid-state physics?

 

I'm betting my bitcoins that spin ice is the way forward with quantum computing. We need infinite state machines for strong AI, and that is only possible with QM.

German_Film_Star

Nov 18, 2013

The average consumer really needs more cost effective SSDs and faster internet more than anything else at this point.

 

They also need more robust OSDs for permanent data storage because magnetism degrades over time as a result of entropy.

 

Guess what? The next step in computing is microprocessors that use nanoscopic vacuum tubes instead of semiconductors. You cannot reach the TeraHertz frequency range(and beyond)using semiconductors.

StudMcRoughlove

Nov 18, 2013

Now it's a question of making them cheap enough to produce and practical to operate under extra-laboratory conditions.

that is why I said:

years away from being marketable technology

The consumer is quickly being taken out of the equation when it comes to tangible differences with improved technology. Most consumers don't even come close to filling the typical HDD and cant afford a high end SSD of reasonable capacity so we can still make things a lot better when it comes to storage. Same goes for internet bandwidth, we have a long way to go before that pipe is wide enough that further improvements won't be felt by the average user. The same is not true for CPUs. If I OCed my mom's CPU 25% she would not see anything close to a 25% faster experience. She would also not notice 256 cores instead of 4 cores or 32 gigs of ram instead of 8. Personal computing is quickly approaching a tipping point where making things faster just does not matter.

From the science and engineering standpoint though, there is no cap on useful improvements. If we had a quantum super computer capable of emulating the entire universe, we would want one that could do many simulations at once, and so on.

We likely live in the coolest point in history when it comes to computing progress, the next 50 or so years are going to be simply amazing.

What exactly do you know about computer hardware/electronics/solid-state physics?

I know more about practical applications of current technology although I do follow where we are going in the near future for example the issues with die shrinking and alternatives to Si and how the speed of light has gone from a great asset to a really big speed limit problem in short order and how quantum technology is really the only way to avoid the end of manufacturing shrink progress. I am really looking forward to SATA express and leaving AHCI behind. I got out of IT about 8 years ago but still get stuck fixing PCs for my family. I build my own PCs and workstations, not that this is really complicated.

 

GimmeThaLoot

Nov 19, 2013

It is up to $631.38 as of right now on Mt. Gox
Was up to $900 I think yesterday

Time to buy, still

ScumOfTheMoon

Nov 19, 2013

Its at 800

GimmeThaLoot

Nov 20, 2013

Thanks for the update. Keep posting the price so I can keep up on my trading, Bitcoin bitch

ScumOfTheMoon

Nov 20, 2013

it dropped to 300

GimmeThaLoot

Nov 20, 2013

It's at $637 now.

This is more interesting than watching the Challenger explode

BiggestCockEver

Nov 20, 2013

Beanie Babies are now selling at 10 cents per pound.

GimmeThaLoot

Nov 21, 2013

$627.76

This is wild.

BiggestCockEver

Nov 21, 2013

Bitcoins will be the new Enron

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