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Izumi Konata posted:there is a real commodity being overlooked in this whole decryption process i believe is being concealed. what is the blockchain, what is being decrypted, and why is every explanation veiled in ignorance or insincerity? i have a hunch the whole concept has darker connotations. it reeks of game theory. the blockchain is a list of lottery ticket winners and nothing is being decrypted, a million monkeys are banging on a million typewriters until they produce mlp fanfictions.
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Oct 25, 2014 16:24
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Oct 25, 2014 16:33
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bitcoin phrenology
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Oct 25, 2014 16:34
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Shifty Pony posted:what dumbass in any place where it gets cold cold for more than a week or so is heating with electric anyway? 5.4¢ per kw/h, way loving cheaper though i do prefer heating via hot water distribution, it doesn't dry up the air, but most places i've seen over here have a really anaemic system and it sucks
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Oct 25, 2014 16:39
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Buttcoin purse posted:Fixed typo for you. is it a bad thing that my mostly work phone opted to autocorrect with poo poo instead of shut? rim 
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Oct 25, 2014 16:41
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wanna compress dat sidechain
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Oct 25, 2014 17:02
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disruptive
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Oct 25, 2014 17:30
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ayn rand hand job posted:it's better than his old one we meet again, old friend
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Oct 25, 2014 17:38
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can someone explain to me how a sidechain is different from an altcoin running in parallel w/ bitcoin over the same sha256 miners like namecoin? i mean apart from buzzwords tia
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Oct 25, 2014 18:49
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rationalactors.txt How many people are holding still from $700+? (self.Bitcoin) submitted 8 hours ago by btc4me1 Anyone? Bitcoin has hands down been the worst investment I have ever made. Granted I only put in $5k so it is not even remotely the end of the world. Average price per btc was $700 quote:[–]ztsmart 9 points 3 hours ago quote:[–]kiisfm 3 points 2 hours ago quote:[–]iasudhf 25 points 5 hours ago quote:[–]leakypat 10 points 7 hours ago quote:[–]time_dj 20 points 7 hours ago quote:[–]ciscofrisco 8 points 2 hours ago quote:[–]tom_buzz 8 points 5 hours ago* quote:102 comments literally quoting the first block of replies almost integrally, it's all terrible http://www.reddit.com/r/Bitcoin/comments/2k9xcx/how_many_people_are_holding_still_from_700/
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Oct 25, 2014 18:59
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surebet posted:I got a lil spok in me myself..
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Oct 25, 2014 19:04
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quote:Buy in again now to lower your average buy in price. quote:Buy in again now to lower your average buy in price. quote:Buy in again now to lower your average buy in price. quote:Buy in again now to lower your average buy in price. quote:Buy in again now to lower your average buy in price.
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Oct 25, 2014 19:05
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surebet posted:can someone explain to me how a sidechain is different from an altcoin running in parallel w/ bitcoin over the same sha256 miners like namecoin? cause I think they're hard-pegged to bitcoin and can't really challenge it for cryptocurrency supremacy since they're all coded on the same blockchain or something also it helps get around the 7 tx/s limit by using coins on a sidechain
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Oct 25, 2014 19:06
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i always love when they drop the whole democratization/transparency/save-the-developing-world/fight-the-fascist-banKKKers shtick and openly admit that bitcoin is really about them getting rich rich rich and nothing else
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Oct 25, 2014 19:07
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FMguru posted:i always love when they drop the whole democratization/transparency/save-the-developing-world/fight-the-fascist-banKKKers shtick and openly admit that bitcoin is really about them getting rich rich rich and nothing else the best thing of all was the "bear whale" crap where it was pretty obvious that a guy was jumping out of the scam and looking for someone else to hold the bag, and despite everyone knowing that they want to sell their bags off to other suckers, they somehow convinced themselves to fall in line and buy the bag off of the original guy it's like a ponzi scheme where the guy running the scheme notices the investment returns of his marks, and buys into his own scheme hoping to make a few extra bucks
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Oct 25, 2014 19:32
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ps bitcoin is not a decentralized autonomous corporation, the people who update the protocol are very much centralized
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Oct 25, 2014 19:33
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Ursine Asylum posted:well now that you said that he's going to ban you instead of probating you three more times just to piss you off lemme know sham, I can make this happen
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Oct 25, 2014 20:08
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Heresiarch posted:rotor was just doing his job and i am not bitter
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Oct 25, 2014 20:22
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Adam Back @adam3us 3h3 hours ago .@KonradSGraf @aantonop claim non-negligible imperfect substitution only arises in event of failure of a sidechain with time-preference.
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Oct 25, 2014 20:22
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Adam Back @adam3us 4h4 hours ago .@comefrombeyond @aantonop there are ongoing risks to holding bitcoin, losing money due to core defect is a very small risk component...
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Oct 25, 2014 20:26
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duTrieux. posted:Adam Back @adam3us 3h3 hours ago https://www.youtube.com/watch?v=_gjHmEUiaxo
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Oct 25, 2014 20:31
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theflyingexecutive posted:ps bitcoin is not a decentralized autonomous corporation, the people who update the protocol are very much centralized what can they even do, any important bitcoin upgrade would require a full consensus and last itme that happened we had a fork 
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Oct 25, 2014 20:39
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how the gently caress do bitcoiners think hoarding bitcoin is going to help it change the world? like, surely the only way it could even theoretically have an impact on society would be if people were using it for something
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Oct 25, 2014 21:37
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Soricidus posted:do bitcoiners think
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Oct 25, 2014 21:38
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duTrieux. posted:Adam Back @adam3us 3h3 hours ago bitcoin_ebooks still going strong I see
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Oct 25, 2014 21:38
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Soricidus posted:how the gently caress do bitcoiners think they don't 
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Oct 25, 2014 21:39
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Soricidus posted:how the gently caress do bitcoiners think hoarding bitcoin is going to help it change the world?
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Oct 25, 2014 22:14
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FMguru posted:they believe the current monetary order is a house of cards that will come crashing down any moment now and that in the rubble people will flock to bitcoin as the replacement currency - and as the holders of that currency, this will make them insanely rich yeah that's the best part, the insane assumption that if every single currency failed, everyone would come grovelling to a bunch of dorks in control of like 50% of all the money that will ever exist instead of doing literally anything else like, even if some stupid cryptocurrency was the answer, why would the global economy settle on the one that's being held onto in mass quantities instead of idk creating a new one?
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Oct 25, 2014 22:21
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Plank Walker posted:yeah that's the best part, the insane assumption that if every single currency failed, everyone would come grovelling to a bunch of dorks in control of like 50% of all the money that will ever exist instead of doing literally anything else you know how i can tell u havent read the whitepaper?
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Oct 25, 2014 22:26
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FMguru posted:they believe the current monetary order is a house of cards that will come crashing down any moment now and that in the rubble people will flock to bitcoin as the replacement currency - and as the holders of that currency, this will make them insanely rich yeah, I get that bit but they talk like they think hoarding is doing society a favor, not just benefiting thenselves
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Oct 25, 2014 22:32
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Soricidus posted:but they talk like they think i know right its so funny
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Oct 25, 2014 22:33
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Soricidus posted:how the gently caress do bitcoiners think hoarding bitcoin is going to help it change the world? while someone, you ideally, is coming up and deploying a killer app for bitcoin, they add value by making sure the supply is artificially restricting the supply of butts they add value by denying value it's kind of like diamonds, except diamonds have various the problem is that anyone actually working on anything bitcoin is either selling dusty strawberries or discovering new and exciting ways to hodl off with your money
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Oct 25, 2014 22:34
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surebet posted:can someone explain to me how a sidechain is different from an altcoin running in parallel w/ bitcoin over the same sha256 miners like namecoin? a sidechain is an independent blockchain (which may still be merge mined with bitcoin) with its own rules. you can "transfer" butts from the bitcoin chain to the sidechain by rendering them temporarily unspendable, after which the sidechain logic grants you a corresponding amount of its own asset. at some later point you can get your buttcoins back by freezing the sidebutts in a similar fashion, after which a corresponding amount of the frozen bitcoins are freed. you can in principle link any number of sidechains together in increasingly byzantine ways. the technical details are still murky but undoubtedly this will enable countless new ways of stealing other people's butts. as far as i can tell a linked system of sidechains is only as secure as the least secure chain in the bunch in the sense that once you somehow crack the security on chain A you can also steal all the butts that have been bound to chain A on every other chain tl;dr sidechains are going to be a haven for scammers as well as a security nightmare, i can't wait for them to be implemented
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Oct 25, 2014 22:35
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Plank Walker posted:like, even if some stupid cryptocurrency was the answer, why would the global economy settle on the one that's being held onto in mass quantities instead of idk creating a new one? so bitcoin as the first cryptocurrency is therefore the best cryptocurrency and will be the one that the masses will adopt
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Oct 25, 2014 22:38
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FMguru posted:because its a matter of settled scientific fact that the first v1.0 version of something is the most perfect and ideal version and all that later versions do is mess things up no you don't get it, bitcoin will just incorporate any good ideas! decentralization peer-to-peer anti-fragile people also get super defensive when you suggest changing the confirmation time because OBVIOUSLY 10 minutes is the most correct one. satoshi picked it therefore it's correct
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Oct 25, 2014 22:53
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Herman Merman posted:freezing the sidebutts
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Oct 25, 2014 23:01
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Herman Merman posted:the most recent incarnation is all about two-way pegging which is a lot less fun than it sounds but then who holds the inactive pogs on either side of that equation? please tell me it's something involving dacs or skynet, also lol if they gently caress it up and something gets created in double, because lol either accepting new value has been created out of thin air (versus your parent's basement's electricity) or lol forking the thing to cancel out that and any subsequent transaction
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Oct 25, 2014 23:02
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surebet posted:but then who holds the inactive pogs on either side of that equation? it looks like you 'lock' coins on chain A by sending them to a special output, and then you can 'create' coins on chain B by proving that you locked them. so nobody holds them, they're completely unusable
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Oct 25, 2014 23:07
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vOv posted:they're completely unusable Not really seeing what's different here.
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Oct 25, 2014 23:08
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Boxturret posted:i know right its like theyre people
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Oct 25, 2014 23:17
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