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[–]_The-Big-Giant-Head_ 2 points an hour ago Or have a full Ðogecoin on me /u/changetip \0/ Lets hope this silly reddit tipping thingy get banned in /r/bitcoin and /r/dogecoin.
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Dec 19, 2014 23:17
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i thought coloured coins and side chains were all thing that were meant to be stapled onto bitcoin's bloated rotting corpse as a way to "fix" all the problems people bring up, not a separate blockchain technology that could be used as a base for something else
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Dec 19, 2014 23:24
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Why would they use blockchain tech if they're going to centralize control on the Reddit server? They're giving the notes out as gifts to folks who ask, there's *no goddamn reason* to not just use an internal ledger. Why are they implementing this dumb, dumb thing in a dumb, dumb way?
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Dec 19, 2014 23:26
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quote:[–]akahotcheetos admin[S] 6 points 2 hours ago sounds like the plan is to helicopter redditnotes -- that they hope they will be able to make redeemable for something of value -- onto the users of reddit they also hope there will be an exchange where redditnotes can be bought and sold and they have plans to support tipping w/ redditnotes idgi
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Dec 19, 2014 23:26
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surebet posted:The asset will be based on blockchain technology. surebet posted:colored coins surebet posted:sidechains surebet posted:bitcoin you're giving people's user accounts a number that is only usable inside your own site. why would you involve anything bitvoin with it?
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Dec 19, 2014 23:28
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Wheany posted:why?
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Dec 19, 2014 23:31
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Dec 19, 2014 23:32
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hes spent how many years living in his mom's basement again
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Dec 19, 2014 23:37
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justice has been served: #bitcoin
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Dec 19, 2014 23:37
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"I pussied out and took a plea deal"
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Dec 19, 2014 23:39
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Nessus posted:Because then you can leverage this disruptive technology! assuming reddit owners and friends have way more redditcoin than anyone else it might be a good way to monetize bitcoin idiocy through a pump and dump
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Dec 19, 2014 23:40
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I guess my feeling on redditnotes so far is that there doesn't seem to be any concrete goal beyond "lets give away a bunch of money to our users". It kind of feels like what they might be aiming to do is jump start an economy based around trade of their "digital asset" that is backstopped by VC cash so it has a guaranteed value. It sounds just like a bitcoiner plan to give away a bunch of bitcoin to some subgroup like MIT students or everyone on a Caribbean Island in the hopes that it will jump start an economy that uses bitcoin as it's primary currency. And as we know from the MIT thing most everyone who gets an airdropped thing redeemable for cash sells that poo poo immediately.
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Dec 19, 2014 23:41
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FrozenVent posted:"I pussied out and took a plea deal" Only smart thing he's done in years. What did the other guy get sentenced to?
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Dec 19, 2014 23:42
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im not sure once they're finished spending money on the lawyers trying not to break the law on this dumb scheme if there will be anything left of that 5m
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Dec 19, 2014 23:57
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I thought colored coins only worked if they were all used internally on the same, uh, coloring service, once you transferred them somewhere else the attached asset was loST WHY THE gently caress NOT JUST GROW YOUR OWN CRYPTOCURRENCY INSTEAD OF FORCING BITCOIN INVOLVEMENT WHAT SENSE DOES THAY MAKE
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Dec 20, 2014 00:51
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it's like gbs' itunescoin fantasies come to life
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Dec 20, 2014 00:59
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Because if bitcoin and the original blockchain isnt somehow included, all their investing will be for nothing and they will never realize their rightful position as the new wealthy elite
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Dec 20, 2014 01:00
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Guys it's not the blockchain, it's revolutionary blockchain technology get it right
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Dec 20, 2014 01:03
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this is how much money goons have spent on fake spaceships
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Dec 20, 2014 01:31
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doing the math that's $317,613.64
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Dec 20, 2014 01:36
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indigi posted:do you really think the heart of bitcoin is "how technology fits in with economics." do you really think that. isn't it way more likely that the heart of it is "I'm paranoid and don't want the government to tax or arrest me for breaking the law," or that "this will make me rich then I can get Biff to wash my car" is the heart of bitcoin. isn't that way more probable. I mean like the white paper at least Bitcoin initially started with an interesting idea
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Dec 20, 2014 01:37
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"I sure showed the govt by tricking them into a lighter sentence"
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Dec 20, 2014 01:49
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how could a goon have $300,000+ to drop on spaceships? that doesn't even make sense, i mean sure i can see $3000 or maybe even $30,000 but 300k? no way edit: or wait is that collectively?
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Dec 20, 2014 01:53
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Beast of Bourbon posted:how could a goon have $300,000+ to drop on spaceships? that doesn't even make sense, i mean sure i can see $3000 or maybe even $30,000 but 300k? no way cumulatively spent by goons
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Dec 20, 2014 01:54
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Alan Smithee posted:cumulatively spent by goons how much did they raise for that haiti thing again?
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Dec 20, 2014 01:55
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Aleksei Vasiliev posted:do sidechains have any implementation at all yet? i'm pretty sure colored coins do but i'd bet whatever ux they have is total poo poo i implemented your moms sidechain last night
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Dec 20, 2014 02:00
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Proteus4994 posted:doing the math that's $317,613.64 whoa starcitizen is backed by math too?
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Dec 20, 2014 02:30
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Dren posted:whoa starcitizen is backed by math too? actually yes, both bitcoin and star citizen are backed by math horrible financial math
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Dec 20, 2014 02:34
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And just to be clear, this is a game that doesn't actually exist?
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Dec 20, 2014 02:42
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is that 3.5 percent of the entire game budget he contributed or what
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Dec 20, 2014 02:43
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No it's not a real game but someone showed an animated gif once of the ships driving mostly up a ramp and falling over utilizing the physics engine. But I can't find it anymore.
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Dec 20, 2014 02:44
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CapnAndy posted:And just to be clear, this is a game that doesn't actually exist? Snapchat A Titty posted:is that 3.5 percent of the entire game budget he contributed or what e: goons in the spreadsheet have spent $318,000
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Dec 20, 2014 02:45
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Aleksei Vasiliev posted:no, it's how much he contributed of the goon total jfc still
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Dec 20, 2014 02:48
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wait how can those reddit notes have value if they aren't tied to equity? like, 'we want the value to be tied to reddit without it tying to reddit in anyway' essentially?? also yeah in what way could this possibly involve the blockchain, what the hell does that even mean
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Dec 20, 2014 03:02
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#pureprofit
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Dec 20, 2014 03:21
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Ron Paul Atreides posted:also yeah in what way could this possibly involve the blockchain, what the hell does that even mean It means "we want bitcoiners to like us so we included their buzzword". It's probably just like steampunk - you take something and glue some pointless poo poo onto it to make it appealing to losers without actually affecting its functionality in any way.
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Dec 20, 2014 03:21
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Ron Paul Atreides posted:also yeah in what way could this possibly involve the blockchain, what the hell does that even mean why would they build their own consumer base of gullible nerds when they can just co-opt one that already exists
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Dec 20, 2014 03:37
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Ron Paul Atreides posted:wait how can those reddit notes have value if they aren't tied to equity? like, 'we want the value to be tied to reddit without it tying to reddit in anyway' essentially?? they have no idea what they want but they want it to be cool and they have millions of dollars
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Dec 20, 2014 03:41
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Dren posted:[–]akahotcheetos admin[S] 7 points 2 hours ago they basically want to issue shares but without calling them shares they also want to payout dividends but they don't want them to be called dividends i really hope they actually continue with this stupid idea, the results could sustain the laff economy for years
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Dec 20, 2014 03:50
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well its like shares and dividends, except never done before ed: they are subconsciously referring to legal compliance, i think
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Dec 20, 2014 04:24
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