uncurable mlady posted:

wait, we?

you work for linden?

ayn rand hand job posted:

how much did you pay for this

https://www.youtube.com/watch?v=3-ZmjA7GCzQ

anthonypants posted:

this is that spinoff, csi cyber, right

Sentient Data posted:

Funny thing is that the ~1k of code was more secure and fair than it seems like any of the bitcoin exchanges/dice are, and even more transparent since it gave anyone a full list of the payout ranges/odds. poo poo, you don't need to scam anyone at all if you're running a skinner box and just taking the honest cut

Sentient Data posted:

You linden guys screwed up "A Friend's" childhood income

Back in the way early days "The Friend" made a slot machine disco ball kind of thing that was set up during any dance parties in exchange for a 5% cut to owners. It had an overall payout of about 90% depending on the configuration with a logarithmic pay scale that went up to 12x the initial bet. It earned enough linden to cash out to buy a real-world iPod and an in-game chunk of land to try to work on a networked version of it, but about a month later the hammer came down on in-game casino games.

Funny thing is that the ~1k of code was more secure and fair than it seems like any of the bitcoin exchanges/dice are, and even more transparent since it gave anyone a full list of the payout ranges/odds. poo poo, you don't need to scam anyone at all if you're running a skinner box and just taking the honest cut

Sentient Data posted:

You linden guys screwed up "A Friend's" childhood income

Back in the way early days "The Friend" made a slot machine disco ball kind of thing that was set up during any dance parties in exchange for a 5% cut to owners. It had an overall payout of about 90% depending on the configuration with a logarithmic pay scale that went up to 12x the initial bet. It earned enough linden to cash out to buy a real-world iPod and an in-game chunk of land to try to work on a networked version of it, but about a month later the hammer came down on in-game casino games.

Funny thing is that the ~1k of code was more secure and fair than it seems like any of the bitcoin exchanges/dice are, and even more transparent since it gave anyone a full list of the payout ranges/odds. poo poo, you don't need to scam anyone at all if you're running a skinner box and just taking the honest cut

Nagato posted:

this thread focuses on the shittiest uses of bitcoin, but there are hundreds of well-coded gambling sites out there

like satoshidice, whose original owner earned a lot of money skimming then sold to another company for even more

gambling is lovely but for other reasons as you said, and a lot of people do treat it as entertainment (like myself)

edit: oh the satoshidice guy is nuts and was fine $50k by the SEC http://en.wikipedia.org/wiki/Erik_Voorhees

...he still made a few million though

quote:

It is not impossible that possible price manipulation is an attempt to not make money but to undermine confidence in stability of BTC. (self.Bitcoin)
submitted 4 hours ago by jrm2007

There is no way Western Union does not care about Bitcoin. A low price does not prevent BTC from being used for remittances -- only a price that bounces around so much that a remittance handler risks losing money or has to spend a lot to hedge (which also causes them to lose money) really adversely affects a BTC competitor.
Low prices however make it relatively cheap to move the price.
So I would not be surprised if we have seen or will see price manipulation just to hurt a remittance handler. Of course, there are other businesses who see BTC as a threat and they might well be doing the same thing.
Also, the price movements could be happening without some entity deliberately doing this but does it feel that way to you?
I think in the long run, the low prices will cause BTC to gravitate to the hands of players who will not sell and this could cause a short squeeze. At the current level, there are several individuals who could own every BTC in existence; for this reason, I would be amazed if BTC dropped to anything much below, say 100. I would not like it, but if I am right and 100 is a solid floor, I don't mind buying now.

quote:

A Dutch utility is inviting five families to use radiator-sized servers to heat their living rooms for free.

In a trial organized by local utility Eneco, Nerdalize will install its server radiators in five homes, using them to deliver cloud computing services to its clients.

The households using the heater could save €400 (about US$440) on their annual heating bill, said Eneco spokesman Marcel van Dun .

Nerdalize pays for the electricity, but doesn’t have to deal with the space and cooling costs of conventional cloud and co-location data centers, allowing it to sell its services for 30 to 55 percent less than more conventional cloud-providers, it said.

Because the same energy is used for computation and heating, there are also environmental benefits, according to Eneco and Nerdalize.

Sweevo posted:

and what happens for the 6 months of the year when you don't want the heating on 24/7?

ayn rand hand job posted:

how much did you pay for this

https://www.youtube.com/watch?v=3-ZmjA7GCzQ

Nagato posted:

edit: oh the satoshidice guy is nuts and was fine $50k by the SEC http://en.wikipedia.org/wiki/Erik_Voorhees

...he still made a few million though

text editor posted:

rough day for a launch

Buttcoin purse posted:

I think she's the only one of their "models" that mentioned Bitcoin much

Dren posted:

still pretty behind on this thread but

http://www.itworld.com/article/2901195/server-heating-startup-teams-with-energy-company-to-heat-dutch-homes.html

Mido posted:

because the Mozilla foundation said that overall donations actually decreased since its association sullied their brand??

jony ive aces posted:

ehhhh afaik that "donations decreasing" thing was actually just the ratio of dollars to pageviews decreasing. so it didn't necessarily have anything to do with actual donations dropping, it was just their donations page going viral as bitlord hell fuckers were all "hey check it out mozilla takes bitcoins now! gently caress you got mine tho lol"

MeLKoR posted:

Dren posted:

still pretty behind on this thread but

http://www.itworld.com/article/2901195/server-heating-startup-teams-with-energy-company-to-heat-dutch-homes.html

quote:

As far as contract law is concerned, even if Satoshi Dice received the bitcoin in good faith from Soprano’s debtor, Soprano himself (despite his unorthodox shake-down tactics) retains a right to seize his property back. And if they passed it on, he can pursue the next party. And so on. Especially since the bitcoin network makes it so easy to follow the trail due to the public nature of the ledger. Eventually, if the coin ends up with a high-value investor or institutional account whose identity is known to the system a formal claim can be made by means of the judicial system.

His conclusion: under the United States’ UCC code (uniform commercial code) as long as bitcoins are treated as general intangibles, no high value investor can be sure that an angry Tony Soprano won’t show up one day to claim that the bitcoins they thought they received in a completely unencumbered manner are actually his. In fact, it’s only if and when Tony Soprano publicly renounces his claim to the underlying bitcoin collateral he is owed that the bitcoins stand a chance of being treated as unencumbered. Until then, a hot potato claim risk exists for every future acquirer of Soprano’s bitcoin.

Indeed, given the high volume of fraud and default in the bitcoin network, chances are most bitcoins have competing claims over them by now. Put another way, there are probably more people with legitimate claims over bitcoins than there are bitcoins. And if they can prove the trail, they can make a legal case for reclamation.

quote:

Another advantage that was mentioned is the 24/7 availability of the blockchain. Compare that to banks and you truly see how anachronistic the current financial system is.

pylb posted:

also actual physical banks are opened on saturdays (and sometimes sundays) in the socialist hell hole where i live

JamesieAB posted:

A not too interesting article, HM TREASUY ON DIGITAL CURRENCIES


Contains an old friend.



Very misleading!

I'm sure I've seen this before, I don't know about you but I can use online banking anytime.The only time I go to a bank is to pay in cheques/cash or take out cash from the machine outside, try that with localbitcoin if you want a free stabbing.

anthonypants posted:

also in the US

pylb posted:

also actual physical banks are opened on saturdays (and sometimes sundays) in the socialist hell hole where i live

Gum posted:

Genuinely cant tell what is bitcoiner bullshit and what is a justified criticism of the American retail banking system. Sort your poo poo out America.

JamesieAB posted:

Gum posted:

Genuinely cant tell what is bitcoiner bullshit and what is a justified criticism of the American retail banking system. Sort your poo poo out America.