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6312972

Anonymous Thu Jan 11 22:58:36 2018 No.6312972 [Reply] [Original]

Seriously guys don't fall for the "it's just a meme" bullshitters on here. I had 55 Bitcoin locked up in cold storage back from 2010 when they were worth less than ten cents and I moved them out back when Bitcoin hit 10k and only made like 5 dollars upon selling them.

It's not a meme, what happens is that these were what are called (unbeknownst to me) "zeroth generation bitcoin". To make a long story short, it has to do with the mining process that was involved with mining them back them and how they're mined now, the blocks that these coins exist on in the blockchain actually were actually stamped with the USD price on them at the time and when you store them away that locks the price in. It was a technical bug because that price was supposed to change with time but for Zeroth Generation Blocks if you stored them away the price got locked in because the blocks could no longer interact with the blockchain and update the price. Needless to say I wasn't too happy about this, but what could I do?

I don't want to scare anyone but I think that this might just be a design feature for a lot of new tokens, some of the Zeroth Generation ERC20 tokens also have this feature where the price gets locked, so be careful.

>>	Anonymous Thu Jan 11 23:00:49 2018 No.6313060 >>6312972 You don't need an internet connection to store coins in cold storage but this happens?

>>	Anonymous Thu Jan 11 23:01:06 2018 No.6313073 Your a fucking idiot. Go trade pogs or some shit then grow up.

>>	Anonymous Thu Jan 11 23:01:10 2018 No.6313075 >>6312972 fucking kek this meme is such a riot

>>	Anonymous Thu Jan 11 23:02:03 2018 No.6313105 >>6313075 lol. You deserve to lose your money if you've lurked here long enough and still don't know how to price lock. Its a worthy and useful meme.

>>	Anonymous Thu Jan 11 23:02:21 2018 No.6313120 >>6313073 What are you so mad about? That we're trying to help people?

>>	Anonymous Thu Jan 11 23:02:32 2018 No.6313127 >>6313075 I know we like to meme but I think it's time we let people know that they can lock in prices with their ledgers.

>>	Anonymous Thu Jan 11 23:04:28 2018 No.6313185 >>6313127 No don't tell them yet please

>>	Anonymous Thu Jan 11 23:04:40 2018 No.6313200 >>6313127 What other advantages does a ledger offer over paper or laptop cold storage?

>>	Anonymous Thu Jan 11 23:06:41 2018 No.6313295 >>6313127 its not time yet im still accumulating and locking in

>>

Anonymous Thu Jan 11 23:14:31 2018 No.6313624

Ok memes are fun and all, but who the fuck would believe a BTC blockchain would store dollar values of trades.
How in the fuck would it even get accurate price data? This is just beyond stupid.
If this is an accurate representation of how well normies understand this tech, we are a long way from mass adoption

>>	Anonymous Thu Jan 11 23:18:06 2018 No.6313773 File: 122 KB, 600x600, IMG_4589.png [View same] [iqdb] [saucenao] [google] >>6313624 >Blockchains can't interact with the outside world and send/receive data How New are you?

>>	Anonymous Thu Jan 11 23:18:46 2018 No.6313791 >>6313624 >t. Locked in at 2k

>>	Anonymous Thu Jan 11 23:24:07 2018 No.6314005 >>6313624 lol. you deserve to lose your money if youve lurked here long enough and still don't know how to price lock.

>>	Anonymous Thu Jan 11 23:26:01 2018 No.6314062 >>6313624 >How in the fuck would it even get accurate price data? the blockchain gets price data from coinmarket cap you fucking newfag

>>	Anonymous Thu Jan 11 23:26:51 2018 No.6314095 >>6313075 I gather that this is the same tier shit as "can't cash out"?

>>	Anonymous Thu Jan 11 23:26:52 2018 No.6314099 File: 37 KB, 397x230, What.jpg [View same] [iqdb] [saucenao] [google] >>6313127 >Buy Bitcoin at 20k >It crashes to 1 cent >Lol its still worth 20k per token because I locked it in BAYBEEEEEE Explain how this makes any sense.

>>	Anonymous Thu Jan 11 23:28:20 2018 No.6314148 >>6314099 the ledger automatically converts your BTC to USDT when it locks in the price. if you thought about this for even 2 seconds you would realize how easy it is to do

>>	Anonymous Thu Jan 11 23:28:24 2018 No.6314150 How are your forked bitcoins priced?

>>	Anonymous Thu Jan 11 23:29:25 2018 No.6314187 >>6314150 In

>>	Anonymous Thu Jan 11 23:29:36 2018 No.6314195 File: 80 KB, 500x421, 1486369952808.png [View same] [iqdb] [saucenao] [google] >tfw I set my lock orders to lock my bitcoin in @10k 3 months ago why even live

>>	Anonymous Thu Jan 11 23:30:08 2018 No.6314212 >>6314150 Depends on forking rules, generation etc. Hard to say. Most tokens have lock support.

>>	Anonymous Thu Jan 11 23:30:09 2018 No.6314215 Lmao this fud is too good. Keep up the hard work anon

>>	Anonymous Thu Jan 11 23:31:19 2018 No.6314259 File: 16 KB, 171x166, 0E3CAA51-4A8E-4A1E-B833-BBD878BB7048.jpg [View same] [iqdb] [saucenao] [google] >>6314062 I literally cannot believe his shit needs explaining. The absolute state of crypto in 2018. Let me guess, you also don’t use 2FA?

>>	Anonymous Thu Jan 11 23:31:22 2018 No.6314262 Fucking fags scared me for a sec

>>	Anonymous Thu Jan 11 23:31:29 2018 No.6314268 >>6314095 can't cash out is a mindset and a very real thing, this is just a joke

>>	Anonymous Thu Jan 11 23:31:53 2018 No.6314283 File: 12 KB, 200x219, 1488699035548.jpg [View same] [iqdb] [saucenao] [google] >>6314099 are you larping or are you actually this retarded >he doesn't know about auto converts to USD

>>	Anonymous Thu Jan 11 23:31:57 2018 No.6314287 I locked in at 19K. Suck shit poorfags

>>	Anonymous Thu Jan 11 23:32:56 2018 No.6314316 >>6314262 you did lock in your BTC @19.6k... right anon?

>>	Anonymous Thu Jan 11 23:33:02 2018 No.6314318 >>6313073 like any of these highschoolers know what pogs are

>>	Anonymous Thu Jan 11 23:36:27 2018 No.6314450 >normies will believe this without question

>>	Anonymous Thu Jan 11 23:37:16 2018 No.6314482 File: 651 KB, 783x700, 1511919390235.png [View same] [iqdb] [saucenao] [google] I locked my bitcoin back at 19k US. Just wish I could of locked in more, only had 83 at the time. Better than nothing though. Gonna cash out when this shit tanks

>>	Anonymous Thu Jan 11 23:41:08 2018 No.6314616 >>6314195 Unlock at 12k anon, it wont be too bad of a loss

>>	Anonymous Thu Jan 11 23:45:19 2018 No.6314758 File: 354 KB, 600x876, 1514168945007.jpg [View same] [iqdb] [saucenao] [google] What's worse than hodling btc? >hodling usdt

>>	Anonymous Thu Jan 11 23:46:31 2018 No.6314826 File: 71 KB, 489x604, 1513105133467.jpg [View same] [iqdb] [saucenao] [google] >The absolute fucking state of Russian FUD on this board

>>	Anonymous Thu Jan 11 23:47:02 2018 No.6314845 GO TO BED TRAVIS

>>

Anonymous Fri Jan 12 00:00:13 2018 No.6315418
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>>6312972
All these fucking trolls holy shit, so many people are going to lose so much money because they didn't realize they locked their coins... On the other hand, a bunch of idiots didn't lock their coins at the ATH. lol oh well

>>	Anonymous Fri Jan 12 00:07:37 2018 No.6315705 >>6314259 2FA!?!?! are you crazy.... we use 5FA...

>>	Anonymous Fri Jan 12 00:18:28 2018 No.6316160 >>6315705 >mfw already at my 5th verification can today

>>	Anonymous Fri Jan 12 00:24:05 2018 No.6316387 File: 35 KB, 512x288, 80f.jpg [View same] [iqdb] [saucenao] [google] >>6312972 >tfw kept them on Coinbase, which automatically synced the price with each new block hahahaha get rekt

>>	Anonymous Fri Jan 12 00:26:49 2018 No.6316495 >>6312972 https://www.google.com/search?q=Zeroth+Generation+Blocks&ie=utf-8&oe=utf-8&client=firefox-b-1 >literally LARPing FUD may may

>>	Anonymous Fri Jan 12 00:29:56 2018 No.6316620 thanks just locked 100k

>>	Anonymous Fri Jan 12 00:31:06 2018 No.6316664 >locked xrp at $3

>>	Anonymous Fri Jan 12 00:36:23 2018 No.6316893 File: 56 KB, 625x415, Milhouse.jpg [View same] [iqdb] [saucenao] [google] >>6312972 >"it's just a meme" is a meme