|
And now there's a peer-reviewed paper about designing machines with error tolerance so that everyone can mine butts 30% more efficiently: Why not keep this to yourself and capture 30% more butt profit? edit: it also relies on making GBS threads up the blockchain and having everyone else figure it out to reject the bad entries during validation.
|
#
?
Feb 16, 2016 21:22
|
|
|
|
| # ? Apr 27, 2024 13:18 |
|
|
Tomato Burger posted:edit: it also relies on making GBS threads up the blockchain and having everyone else figure it out to reject the bad entries during validation. I once jokingly told a co-worker it was easier for me to make him look worse than it was for me to improve my own performance while we were going over yearly reviews. I guess the same applies here when you deliberatly shoot your competition in the foot and run off ahead. Buttcoins encompass all the worst aspects of capitalism. Can't wait to see what happens when half of everyones computing power is now dedicated to loving over the other guy.
|
|
#
?
Feb 16, 2016 21:42
|
|
|
Tomato Burger posted:And now there's a peer-reviewed paper about designing machines with error tolerance so that everyone can mine butts 30% more efficiently: This contains such brilliant and incisive quotes as "...any reduced hash rate leads to a lower hash rate" and is basically buttcoiners.txt like you said. Instead of error checking any positives to see if they're false positive the newer more efficient designs discussed skip all that stuff, say "looks close enough to me, poo poo it out on the network as fast as you can" and if it's wrong let someone else figure out what to do with it. Of course it's more efficient if you put your processing power towards just finding the next hash and force the rest of the network to do your error correction for you. They don't say that though, instead of saying it directly they dress it up with fancy words like it's a revolutionary new form of computing going to be the next big thing. Prisoner's dilemma all over again like so much of buttcoin. All the individual cares about is most efficiently grabbing the butts for themselves, so for them specifically it is most advantageous to spend their time/computing power figuring out another false positive instead and just hope that one's right while off-shoring the process of error detection. What happens when the entire network is composed of people making GBS threads out false positives constantly? Eh gently caress that who cares, gotta get more butts.
|
|
#
?
Feb 16, 2016 21:54
|
|
|
Well, it makes a lot of sense in the progression of the arms race. We all thought it went CPU->GPU->FPU->ASIC and that it would stop there, where else could it go? Turns out there's another step that is so perfectly buttcoin we couldn't even imagine it: CPU->GPU->FPU->ASIC->Everyone else's ASICs
|
|
#
?
Feb 16, 2016 22:00
|
|
|
What if you made ASIC for people but never sent them and used them intill they were worthless?
|
|
#
?
Feb 16, 2016 22:31
|
|
|
`Nemesis posted:He later tweeted that he got in touch with Satoshi who was going to get his money back, he is just trolling. Sitoshi [sic]
|
|
#
?
Feb 16, 2016 22:35
|
|
|
Tenzarin posted:What if you made ASIC for people but never sent them and used them intill they were worthless? Exactly! But now they've found a way to decentralize the practice.
|
|
#
?
Feb 16, 2016 22:38
|
|
|
Bad Munki posted:Exactly! But now they've found a way to decentralize the practice. Truly this is the future of democracy.
|
|
#
?
Feb 17, 2016 00:34
|
|
|
Are any of the people who spent vast amounts on BFL hardware still using it, or is it hilariously outdated now?
|
|
#
?
Feb 17, 2016 04:36
|
|
|
there is a bus stop not too far from where i live that's right in front of a bodega that has a bitcoin ATM and i have no idea why
|
|
#
?
Feb 17, 2016 04:52
|
|
|
Senor Tron posted:Are any of the people who spent vast amounts on BFL hardware still using it, or is it hilariously outdated now?  Outdated by the time they "shipped". Here's my favourite, the mininrig - 500GHs 18 case fans and 16 inside! https://www.youtube.com/watch?v=yLt1gBi2fm0 Here's a review if you haven't already seen it. https://bitcointalk.org/index.php?topic=249353.msg2647513#msg2647513 quote:Butterfly Labs has a long and horrible history with their mining rigs. They started taking pre-orders over a year ago, with a ship time sometime in late July. After numerous delays in production, shipping problems and general incompetence, the only thing they’ve managed to get out the door are some of their tiniest miners, the Jalapenos. And those mainly ended up in the hands of reviewers and blogs in order to keep pumping the Butterfly Labs hype train and securing millions of dollars of pre-orders still in limbo.
|
|
#
?
Feb 17, 2016 12:06
|
|
|
http://www.theatlantic.com/technology/archive/2016/02/hackers-are-holding-a-hospitals-patient-data-ransom/463008/quote:The hackers that broke into the Hollywood Presbyterian Medical Center’s servers are asking for $3.6 million in Bitcoin, a local Fox News affiliate reported. Hospital staff are working with investigators from the Los Angeles Police Department and the FBI to find the intruders’ identities. There's no way this doesn't end in a bucket of laughs and tears as a fresh pile of idiots get carted off to jail 
|
|
#
?
Feb 17, 2016 16:39
|
|
|
Are you also starting to feel that Bitcoin isn't sufficiently retarded in this day and age? Well, good news! Why not introduce the HumanCoin, it's like butts, but requires proof of waste of human life instead of computer time.
|
|
#
?
Feb 17, 2016 17:49
|
|
|
klafbang posted:Are you also starting to feel that Bitcoin isn't sufficiently retarded in this day and age? Well, good news! Why not introduce the HumanCoin, it's like butts, but requires proof of waste of human life instead of computer time. That's cool as hell. I mean in theory not in practice, kind of like bitcoin in that way. edit: quote:Third, proofs of human work are fair by nature. Professional or rich miners would not have an advantage over regular users. Uhhh, having the resources and/or connections to set up a third world humancoin farm would be a pretty huge advantage. Like way bigger than the ability to buy some GPUs. Germstore fucked around with this message at 17:54 on Feb 17, 2016 |
|
#
?
Feb 17, 2016 17:51
|
|
|
Yeah, sweat shops, child labor and literal slave labor are still a thing but of course they're bitcoiners so they never go outside.
|
|
#
?
Feb 17, 2016 18:06
|
|
|
The whole idea of "proof of work" only makes sense if it's work that has some value. Make a CancerCoin where you have to prove you have done work for a project like Folding@Home or something. The HumanCoin is just a dumber combination of something like ReCAPTCHA except the work done has no value, and the buzzword of the day.
|
|
#
?
Feb 17, 2016 18:27
|
|
|
I think the PoW has to be easy to verify which (probably) isn't the case for protein folding.
|
|
#
?
Feb 17, 2016 18:38
|
|
|
I would love to see the sloppy mining practice become mainstream. If enough people do it (read: the two pools adopt the practice) then there's a solid chance some actual garbage will end up as canon in the blockchain. Depending on the sloppiness, maybe a lot. And then somewhere down the line, it becomes accepted that the blockchain is basically 50% invalid hashes or whatever. The hand-waving needed to address the problem at that point will be enough to power a small wind farm, which in turn will power more sloppy miners.
|
|
#
?
Feb 17, 2016 18:44
|
|
|
The guy doing a Bitcoin open forum at my work is a legit true believer. I'm so excited to go but my troll game is really weak 
|
|
#
?
Feb 17, 2016 21:33
|
|
Icon Of Sin posted:http://www.theatlantic.com/technology/archive/2016/02/hackers-are-holding-a-hospitals-patient-data-ransom/463008/ quote:Hollywood Presbyterian Medical Center paid a $17,000 ransom in bitcoins to a hacker who seized control of hospital's computer systems and would only give back access when the money was paid, the hospital's chief executive said Wednesday. http://www.latimes.com/local/lanow/la-me-ln-hollywood-hospital-bitcoin-20160217-story.html
|
|
|
#
?
Feb 18, 2016 03:58
|
|
|
Can you even imagine being the hospital IT employee tasked with having to to explain things to/run decisions by/get approval from hospital management to source $17,000 of bitcoin My vision of hell
|
|
#
?
Feb 18, 2016 04:21
|
|
|
Serak posted:Can you even imagine being the hospital IT employee tasked with having to to explain things to/run decisions by/get approval from hospital management to source $17,000 of bitcoin you really think the hospital it guys sourced the bitcoins and paid the guy lol they should all be fired by now honestly l
|
|
#
?
Feb 18, 2016 04:39
|
|
|
why are all of these cryptocurrencies named "____coin" instead of "____ Fun Bucks" or whatever
|
|
#
?
Feb 18, 2016 04:46
|
|
|
Y-Hat posted:why are all of these cryptocurrencies named "____coin" instead of "____ Fun Bucks" or whatever https://www.reddit.com/r/cryptoshekel
|
|
#
?
Feb 18, 2016 05:02
|
|
|
http://arstechnica.com/tech-policy/2016/02/bitcoin-startup-butterfly-labs-settles-with-ftc-for-38-6m-but-it-cant-pay/ Butterfly Labs only owe the FTC $38 million, will pay $19,000 in what seems like an entirely appropriate settlement The queue for refunds is only 2000 people long too.
|
|
#
?
Feb 18, 2016 21:55
|
|
|
WhyteRyce posted:The guy doing a Bitcoin open forum at my work is a legit true believer. I'm so excited to go but my troll game is really weak Pretty sure we work at the same place/site. I really want to go to, but then again, I'd rather work than hear about butts.
|
|
#
?
Feb 18, 2016 22:14
|
|
|
I love it when the FTC or SEC drops the hammer on people. I can't wait for those 'we're a hedge fund but we make sports bets instead of buying securities, "invest" with us!' people to get the SEC's attention.
|
|
#
?
Feb 18, 2016 22:16
|
|
|
WhyteRyce posted:The guy doing a Bitcoin open forum at my work is a legit true believer. I'm so excited to go but my troll game is really weak Ask him if it really only takes a 64digit key or something to have full access to the bitcoins of someone and watch him start explaining epoxying the LAN-connection of a laptop.
|
|
#
?
Feb 18, 2016 22:48
|
|
|
Serak posted:http://arstechnica.com/tech-policy/2016/02/bitcoin-startup-butterfly-labs-settles-with-ftc-for-38-6m-but-it-cant-pay/
|
|
#
?
Feb 18, 2016 23:43
|
|
|
FishionMailed posted:I love it when the FTC or SEC drops the hammer on people. There was a Bitcoin startup that had the idea to run a fantasy stock exchange for companies that have yet to make an IPO and start trading on the market, like Snapchat or Uber, based on their estimated valuation. They were still in beta but had the brilliant idea of doing their beta testing by inviting friends, family, etc. to participate using bitcoin. Which immediately placed them under the scrutiny of the SEC for using real money (in the sense that exchanging bitcoins is a taxable event, similar to paying someone with stock shares) to gamble on non-existent securities. Anyway, after the SEC reached out to them one of the engineers had the brilliant idea to post some data analytics on their blog. https://archive.is/L97V5
|
|
#
?
Feb 18, 2016 23:56
|
|
|
cumshitter posted:Anyway, after the SEC reached out to them one of the engineers had the brilliant idea to post some data analytics on their blog. lmao they think high traffic from DC and specifically the SEC is a good thing
|
|
#
?
Feb 19, 2016 01:03
|
|
|
cumshitter posted:There was a Bitcoin startup that had the idea to run a fantasy stock exchange for companies that have yet to make an IPO and start trading on the market, like Snapchat or Uber, based on their estimated valuation. They were still in beta but had the brilliant idea of doing their beta testing by inviting friends, family, etc. to participate using bitcoin. Which immediately placed them under the scrutiny of the SEC for using real money (in the sense that exchanging bitcoins is a taxable event, similar to paying someone with stock shares) to gamble on non-existent securities. The best part is they had bots doing fake trades to artificially boost volume. It's like they set out to violate as many securities laws at once as possible.
|
|
#
?
Feb 19, 2016 01:20
|
|
|
FishionMailed posted:lmao they think high traffic from DC and specifically the SEC is a good thing No, they were purposely trying to give a big middle finger to the SEC after they were told what they were doing was illegal. I think they ended up with a $50,000 fine, which is pretty light. They wrote some pissy blog posts too, I think, but I don't know where to find those.
|
|
#
?
Feb 19, 2016 01:37
|
|
|
Shutting down a hospital with babies and old people sick is really cool.
|
|
#
?
Feb 19, 2016 03:35
|
|
|
You can't do folding at home, but something like finding new prime numbers could work in that it's hard to find and easy to prove. The problem is that there's no guarantee as far as how often it will happen, so you'd have to do something like X btc for each day that passed since the last one was found.
|
|
#
?
Feb 23, 2016 21:22
|
|
|
I dont understand how very large prime numbers mean anything. 2^74,207,281 − 1 is the largest prime number currently. What can they even do this with?
|
|
#
?
Feb 23, 2016 21:43
|
|
|
If you have two big primes you can put them together in a way that's hard to figure out what numbers you started with and somehow cryptography comes out the other end.
|
|
#
?
Feb 23, 2016 21:51
|
|
|
turbomoose posted:You can't do folding at home, but something like finding new prime numbers could work in that it's hard to find and easy to prove. The problem is that there's no guarantee as far as how often it will happen, so you'd have to do something like X btc for each day that passed since the last one was found. Amazingly enough there sort of is such a guarantee. This famous theorem tells us approximately how many prime numbers are to be found when searching a given region. I don't know whether this approximation is good enough to want to trust your economy to (actual number theorists might or might not be able to tell you how likely it is to hit hyperinflation by running into an unexpectedly dense region of primes) but if you're running a Bitcoin variant, I imagine it'd be among the least of your problems.
|
|
#
?
Feb 23, 2016 22:16
|
|
|
Hadaka Apron posted:http://www.latimes.com/local/lanow/la-me-ln-hollywood-hospital-bitcoin-20160217-story.html Darth123123 posted:Shutting down a hospital with babies and old people sick is really cool. gently caress that guy. There are other corporations and businesses he could have targeted, instead he went after a hospital and risked lives, even if it was just by making patient information sharing much slower. This should unironically come with the death penalty
|
|
#
?
Feb 23, 2016 22:23
|
|
|
|
| # ? Apr 27, 2024 13:18 |
|
|
turbomoose posted:You can't do folding at home, but something like finding new prime numbers could work in that it's hard to find and easy to prove. The problem is that there's no guarantee as far as how often it will happen, so you'd have to do something like X btc for each day that passed since the last one was found. That's actually almost entirely wrong. Testing if something is a prime is hard (it's in co-NP). Coming up with a reasonable guess of a prime is comparatively easy; guess a number and perform a cheap probabilistic check and if that fails add two and try again (doing this yields pseudo-primes which is what is used for encryption). That means the "worker" can just make cheap guesses while anybody proving they didn't cheat have to do more work. But you're on the right track; something like butts might be a good way of solving NPC problems. That is basically any interesting problem; solving the problem is (most likely) exponential (slow!) in the size of the input while checking it is polynomial (fast-ish). Primality test is in co-NP; proving that a number is composite is in NP; it is easy to prove that a given number is not prime: give me a prime factor; coming up with that factor is hard but checking is easy (integer division is fast). Most optimization problems are in NP (compute shortest route, best packing of boxes in a car, mathematical proofs, ...) klafbang fucked around with this message at 22:33 on Feb 23, 2016 |
|
#
?
Feb 23, 2016 22:31
|
|