|
Subjunctive posted:I think most of them believe in cryptocurrency in the more general case (I worked with some of them on a centralized one 15 years ago), and if you want to get funded to do work in that space you're going to tie yourself to bitcoin. they're definitely people I would recruit if I were trying to build cryptocurrency systems. well yes, for example Adam Back actually invented the hashcash PoW (the wasted energy certificate system bitcoin is based on)
|
#
?
Jun 10, 2015 15:00
|
|
|
|
| # ? Apr 28, 2024 20:42 |
|
|
Subjunctive posted:I think most of them believe in cryptocurrency in the more general case (I worked with some of them on a centralized one 15 years ago), and if you want to get funded to do work in that space you're going to tie yourself to bitcoin. they're definitely people I would recruit if I were trying to build cryptocurrency systems. blockchains aren't a solution, though the best thing you're going to get with the tech is likely to be bitcoin
|
|
#
?
Jun 10, 2015 15:05
|
|
|
Bonfire Lit posted:i'm not sure why you'd run a full node because you have to, in order to mine. but one node per pool is enough 
|
|
#
?
Jun 10, 2015 15:06
|
|
|
Herman Merman posted:because you have to, in order to mine.
|
|
#
?
Jun 10, 2015 15:18
|
|
|
Bonfire Lit posted:I don't know how bitcoin works but couldn't you just keep the last couple of GB and the internal hash state of everything before that and calculate the next block signature or whatever from that, so in a year you won't have to dedicate four hard drives to internet pogs this is in the wiki but not yet implemented, for now you have to hold the entire blockchain
|
|
#
?
Jun 10, 2015 15:21
|
|
|
Buttcoin purse posted:It made me think about how maybe I'd be happier in my life if I had a piece of my brain removed and was then excited by bitcoin can confirm, it's pretty rad
|
|
#
?
Jun 10, 2015 15:29
|
|
|
Herman Merman posted:well yes, for example Adam Back actually invented the hashcash PoW (the wasted energy certificate system bitcoin is based on) yeah, and he's also a really sweet and humble guy, so perhaps somewhat out of his element in the Bitcoin space
|
|
#
?
Jun 10, 2015 15:30
|
|
|
Bonfire Lit posted:I don't know how bitcoin works but couldn't you just keep the last couple of GB and the internal hash state of everything before that and calculate the next block signature or whatever from that, so in a year you won't have to dedicate four hard drives to internet pogs to get paid you have to produce valid blocks accepted by the rest of the network, otherwise they will just be orphaned. technically i suppose you could just retain the latest block hash value and churn out completely empty blocks, that way you don't have to care about inconvenient bullshit like keeping track of the ever increasing UTXO pool, verifying signatures, or actually processing transactions
|
|
#
?
Jun 10, 2015 15:47
|
|
|
i'd very much like to see the wailing and gnashing of teeth that would follow if a large mining pool started following this strategy
|
|
#
?
Jun 10, 2015 15:48
|
|
|
Don't be lame, get into the crypto currency game Bitcoins will put wire transfers to shame Airy hair, Airy hair look sexy, look fly, put it on right there You're now a sexy Goddess, get invited everywhere https://www.youtube.com/watch?v=OVVhc3B7aq0 My dreams have come true!
|
|
#
?
Jun 10, 2015 16:11
|
|
|
is there like a bitcoin glossary somewhere where i can learn what poo poo like blockchain and sidechain etc actually are? the parts i DO understand in this thread is hilarious but so much of it goes over my head. all i know about bitcoin is that it costs more to mine them than the bitcoins are worth and they are apparently very easy to hack
|
|
#
?
Jun 10, 2015 16:34
|
|
|
Subjunctive posted:I think most of them believe in cryptocurrency in the more general case (I worked with some of them on a centralized one 15 years ago) i think everyone briefly worked on a pie-in-the-sky crypto project 15 years ago. usually right after reading cryptonomicon. (speaking of which, i actually re-read that book recently. the world war 2 parts are still a fun read but oh god, the present day parts)
|
|
#
?
Jun 10, 2015 16:38
|
|
|
Gus Hobbleton posted:is there like a bitcoin glossary somewhere where i can learn what poo poo like blockchain and sidechain etc actually are? the parts i DO understand in this thread is hilarious but so much of it goes over my head. all i know about bitcoin is that it costs more to mine them than the bitcoins are worth and they are apparently very easy to hack sure Blockchain: Magic future alien technology given to us by the god Satoshi Nakamoto. Sidechains: The block chain is perfect in every way and these make it more so.
|
|
#
?
Jun 10, 2015 16:39
|
|
|
Herman Merman posted:i'd very much like to see the wailing and gnashing of teeth that would follow if a large mining pool started following this strategy one actually did and people freaked out
|
|
#
?
Jun 10, 2015 16:52
|
|
|
Gus Hobbleton posted:is there like a bitcoin glossary somewhere where i can learn what poo poo like blockchain and sidechain etc actually are? the parts i DO understand in this thread is hilarious but so much of it goes over my head. all i know about bitcoin is that it costs more to mine them than the bitcoins are worth and they are apparently very easy to hack bitcoins themselves are not easy to hack (in fact, it's something approaching impossible at the moment), but everything surrounding them is.
|
|
#
?
Jun 10, 2015 16:59
|
|
|
Yeah, bitcoins are the only neat thing about bitcoins. Everything and everyone surrounding them, however... Well, this thread.
|
|
#
?
Jun 10, 2015 17:04
|
|
|
Gus Hobbleton posted:is there like a bitcoin glossary somewhere where i can learn what poo poo like blockchain and sidechain etc actually are? the parts i DO understand in this thread is hilarious but so much of it goes over my head. all i know about bitcoin is that it costs more to mine them than the bitcoins are worth and they are apparently very easy to hack "the Blockchain" is the central innovation of bitcoin - it's the ledger of all transactions that have ever occurred, and it's self-securing against anyone who doesn't have over 51% of the hashing power. it's legitimately well-thought-out and designed in a really cool way, and depends on previous work with cryptography to be unbreakable until somebody breaks SHA-256, it's encryption method. however, this really cool algorithm/design accomplishes nothing, as I've described previously: imagine I made a perfect machine, a cannon which was able to rocket pigeons directly into my own crotch at a hundred miles an hour while doing no damage to the pigeon. you would be impressed by this amazing technology and you'd probably get a lot of laughs out of it being used but you wouldn't recommend that anyone intelligent actually use it
|
|
#
?
Jun 10, 2015 17:13
|
|
|
surebets dirty secret
|
|
#
?
Jun 10, 2015 17:18
|
|
|
theflyingorc posted:imagine I made a perfect machine, a cannon which was able to rocket pigeons directly into my own crotch at a hundred miles an hour while doing no damage to the pigeon. you would be impressed by this amazing technology and you'd probably get a lot of laughs out of it being used but you wouldn't recommend that anyone intelligent actually use it This is the best thing I've read about bitcoin.
|
|
#
?
Jun 10, 2015 17:22
|
|
|
Bonfire Lit posted:I don't know how bitcoin works "... but then again, who does?" - gaff, blade runner
|
|
#
?
Jun 10, 2015 17:26
|
|
|
Herman Merman posted:to get paid you have to produce valid blocks accepted by the rest of the network, otherwise they will just be orphaned. there's not much point to that though, it's exactly the same amount of cpu power to mine an empty block as a full one, especially as you fill up your next block to be mined from the utx pool while you're mining the current one, and you get the tx fees (as small as they are) as well as the block reward (this is assuming there's not some bizarre wrinkle in sha256 that makes finding a hash of a mb of random data slower than a mb of zeroes)
|
|
#
?
Jun 10, 2015 17:28
|
|
|
theflyingorc posted:"the Blockchain" is the central innovation of bitcoin - it's the ledger of all transactions that have ever occurred, and it's self-securing against anyone who doesn't have over 51% of the hashing power. bitcoin: imagine rocketing pigeons into my crotch at 100MPH
|
|
#
?
Jun 10, 2015 17:29
|
|
|
goddamnedtwisto posted:there's not much point to that though, it's exactly the same amount of cpu power to mine an empty block as a full one, especially as you fill up your next block to be mined from the utx pool while you're mining the current one, and you get the tx fees (as small as they are) as well as the block reward Is there not a small propagation advantage to having a smaller block? It takes less time to transmit an almost empty block that a full one to the other nodes .
|
|
#
?
Jun 10, 2015 17:30
|
|
|
Random Hajile posted:bitcoin: imagine 4 rocketing pigeons at the edge of my crotch
|
|
#
?
Jun 10, 2015 17:33
|
|
|
Gus Hobbleton posted:is there like a bitcoin glossary somewhere where i can learn what poo poo like blockchain and sidechain etc actually are? the parts i DO understand in this thread is hilarious but so much of it goes over my head. all i know about bitcoin is that it costs more to mine them than the bitcoins are worth and they are apparently very easy to hack
|
|
#
?
Jun 10, 2015 17:38
|
|
|
Truga posted:This is the best thing I've read about bitcoin. im very proud of it
|
|
#
?
Jun 10, 2015 17:48
|
|
|
jre posted:Is there not a small propagation advantage to having a smaller block? It takes less time to transmit an almost empty block that a full one to the other nodes . there is, but the frequency with which it's going to make a difference is so low that it's basically like Michael Phelps blaming a loss on the fact that didn't clip his toenails short enough it's ONLY going to make a difference when you've got 2 solutions (by different pools) that solve at nearly the exact same time, and even then where you are on the internet should control propagation way more than block size
|
|
#
?
Jun 10, 2015 17:51
|
|
|
theflyingorc posted:"the Blockchain" is the central innovation of bitcoin - it's the ledger of all transactions that have ever occurred, and it's self-securing against anyone who doesn't have over 51% of the hashing power. i'd like you to run this all the time since it would prob keep you from posting
|
|
#
?
Jun 10, 2015 18:10
|
|
|
i wonder how a transactionless block would propagate compared to a 20mb block.
|
|
#
?
Jun 10, 2015 18:13
|
|
|
theflyingorc posted:however, this really cool algorithm/design accomplishes nothing, as I've described previously: when you originally posted this it convinced me to switch from reading the grey thread to this one
|
|
#
?
Jun 10, 2015 18:19
|
|
|
theflyingorc posted:imagine I made a perfect machine, a cannon which was able to rocket pigeons directly into my own crotch at a hundred miles an hour while doing no damage to the pigeon. you would be impressed by this amazing technology and you'd probably get a lot of laughs out of it being used but you wouldn't recommend that anyone intelligent actually use it this is exactly what i needed
|
|
#
?
Jun 10, 2015 18:26
|
|
|
theflyingorc posted:
lmao irl
|
|
#
?
Jun 10, 2015 18:35
|
|
|
anthonypants posted:wakie is a really neat idea it's you, you're part of the problem
|
|
#
?
Jun 10, 2015 18:49
|
|
|
how is it a neat idea to use random people on the internet to do the job that your phone or computer or a $5 gadget can do right now
|
|
#
?
Jun 10, 2015 18:52
|
|
|
atomicthumbs posted:i feel like this is somehow subtly relevant to bitcoin bitcoin_adoption_rate.gif
|
|
#
?
Jun 10, 2015 18:52
|
|
|
"wake up, sheeple" "cool thanks"
|
|
#
?
Jun 10, 2015 18:52
|
|
|
haveblue posted:how is it a neat idea to use random people on the internet to do the job that your phone or computer or a $5 gadget can do right now
|
|
#
?
Jun 10, 2015 19:08
|
|
|
anthonypants posted:because talking to another person or at least hearing someone's voice is more effective at getting you to use your brain than a two-second loop of audio you've probably heard a million times get an alarm app that starts up a random song in your music player
|
|
#
?
Jun 10, 2015 19:09
|
|
|
it's cool because the people would have to have some sort of alarm to tell them to wake you up
|
|
#
?
Jun 10, 2015 19:14
|
|
|
|
| # ? Apr 28, 2024 20:42 |
|
|
Boxturret posted:it's cool because the people would have to have some sort of alarm to tell them to wake you up they just have someone call to remind them
|
|
#
?
Jun 10, 2015 19:15
|
|
