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OK, I don't really get all this economics stuff, but from what I can gather, bitcoin is like a pyramid scheme, but instead of selling vacuum cleaners it's gluing thousands of video cards together
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Mar 17, 2016 15:46
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cubicle gangster posted:Why wouldn't Crowley just review the food and the woman who made the salad got a rating that way. That's how we do it now. It doesn't just work, it's the best way. Well you see, the only people who'd be bothering to rate the tastiness of food pictures in exchange for penny shavings would be poor people... who probably couldn't afford the very food they're rating. This allows Crowley to feel superior to them, without ever needing to bother to even find out anything about them. It's the same reason he doesn't just steal the autonomous intelligent lawnmowers, murder them, and sell them for parts. He'd rather have the feeling of having slaves working his land (mechanical slaves, yes, but still self-aware enough for his taste) than get the money for a used carburetor.
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Mar 17, 2016 15:58
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cubicle gangster posted:Why wouldn't Crowley just review the food and the woman who made the salad got a rating that way. That's how we do it now. It doesn't just work, it's the best way. It's like Amazon's mechanical Turk, but decentralized and with a blockchain. If you know, what I mean. Do you know what I mean?
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Mar 17, 2016 16:04
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Stex T posted:OK, I don't really get all this economics stuff, but from what I can gather, bitcoin is like a pyramid scheme, but instead of selling vacuum cleaners it's gluing thousands of video cards together No, there is no giving money to anyone higher than you. Think of it this way. All of Bitcoin is an arcade. You walk in and all the machines are just change machines. You also see a board of prizes to be won, mostly dreams and promises. But they can only be bought with Arcade Tokens. And you want all of the prizes. There are others putting in dollars into the machines, and getting arcade coin tokens out. And they do this all day, every day. You walk upto one, and insert a dollar. But it takes a day for the money to come out, and at the end you get 75 cents worth of arcade tokens. And you think this is brilliant. Weclome to Bitcoin. happyhippy fucked around with this message at 16:14 on Mar 17, 2016 |
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Mar 17, 2016 16:11
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cubicle gangster posted:Why is there a forum filled with people doing something with bitcoin to guess how tasty something is based on a picture taken with a phone. bitcoiners are big on speculation in all its forms
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Mar 17, 2016 17:40
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happyhippy posted:No, there is no giving money to anyone higher than you. You forgot the part where the all the prizes are drugs and child pornography. And where the person who exchanges tokens for prizes will pocket your tokens and run away 99% of the time.
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Mar 17, 2016 17:46
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cubicle gangster posted:Why wouldn't Crowley just review the food and the woman who made the salad got a rating that way. That's how we do it now. It doesn't just work, it's the best way. because decentralized
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Mar 17, 2016 19:57
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quote:The bitcoin blockchain manages around 200,000 bitcoin transactions a day …and due to how retarded it is designed that's also known as peak bitcoin. Even assuming you would want, well, any of this, which parts could not be done without butts? Somehow Uber manages to work without butts – some non-believers might even say they work because they don't use butts.
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Mar 17, 2016 20:24
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Are transactions still "stuck"?
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Mar 17, 2016 20:31
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This article has come in handy quite a few times lately. Where I work, we've been getting a lot of pressure lately to make sure everything we do is "blockchain compatible". Except nobody knows what that means, much less why you'd want it.
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Mar 17, 2016 20:43
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Quote from the A Typical Day in a Blockchain Enabled World: "Certainly, it is far too early to estimate where and whether Satoshi Nakamoto’s Bitcoin whitepaper will appear in the annals of important scientific publications. But one fact is clear: In the same way that Newton had to first discover calculus to explain the motions of the stars, so Satoshi had to first discover the idea of a distributed anonymous ledger, the blockchain, to invent the idealistic notion of a fully distributed cryptocurrency." This must be satire. Must.
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Mar 17, 2016 21:23
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Did he discover calculus or did he create it?
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Mar 17, 2016 21:24
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Ehh. That's kind of a philosophical debate, but most people would say he invented Calculus to allow mathematics to describe change, an aspect of the universe which everyone obviously knew about but nobody had really "discovered" mathematically. Except maybe Leibniz was actually the guy who invented Calculus. https://en.wikipedia.org/wiki/Leibniz%E2%80%93Newton_calculus_controversy And if two guys came up with it independently, it's harder to call it an "invention" - why would they both get the same thing? It's because mathematics is really just a way of annotating and modeling reality, and if they both understood reality correctly, they'd necessarily come up with the same model (if not identical choices for how to annotate it). So in that respect, Calculus isn't really in "invention." But then again, sometimes the time is simply ripe for an invention, and multiple people come up with the same solution, and when that happens, how much credit should you really give to the inventor? Was the inventor some kind of genius, or were they "standing on the shoulders of giants"? Satoshi didn't invent the blockchain and he didn't really invent cryptocurrency either. He simply assembled some pieces that were already there, in a way that probably someone else would have assembled them anyway, sooner or later. Leperflesh fucked around with this message at 21:31 on Mar 17, 2016 |
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Mar 17, 2016 21:27
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wayne curr posted:Holy poo poo what's going on in China? Why's there so many god drat Chinese buying up coins over the last few weeks?  lol 97% of Bitcoin trading is now done on Chinese exchanges.
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Mar 23, 2016 05:30
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a friend and i used to run a hacked TFC server where we could cheat and gently caress with people, and as TFC became less popular (perhaps due to such activities) we rigged things so that it looked like people were playing on our server when in fact we were just luring cattle to slaughter it appears bitcoin works much the same way
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Mar 23, 2016 07:18
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did anyone say shitcoin yet
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Mar 23, 2016 12:07
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Hello. I've been following the other Bitcoin thread, but there was no news there for months. So here's my question. Has anyone said buttcoin yet?
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Mar 23, 2016 13:13
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cubicle gangster posted:Why wouldn't Crowley just review the food and the woman who made the salad got a rating that way. That's how we do it now. It doesn't just work, it's the best way. A better question is "why the gently caress would you want to buy some stranger's leftovers"
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Mar 23, 2016 16:33
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raditts posted:A better question is "why the gently caress would you want to buy some stranger's leftovers" All food, like all money, is fungible. ... 'fungible' does mean 'can go moldy', yes?
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Mar 23, 2016 18:40
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Dabir posted:did anyone say shitcoin yet Haha omg
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Mar 23, 2016 19:01
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There is probably some strange overlap between people that thing IAP for games are the devil but want to use Bitcoin/digital currency to surround themselves with IAPs in real life.
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Mar 23, 2016 19:05
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Same tired propaganda about bitcoins, but gently caress, watch the woman in the background at 1.12. Coincidence, or does she know bullshit when she smells it? https://www.youtube.com/watch?v=wsfBHsqlZfY
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Mar 26, 2016 21:05
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WhyteRyce posted:There is probably some strange overlap between people that thing IAP for games are the devil but want to use Bitcoin/digital currency to surround themselves with IAPs in real life. Well they base their identity around a consumer product, video games, so someone paying to get an advantage there is cheating; but since they suck at real life they'd be very happy to just mash yes on prompts to drain their wallets to make life easier.
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Mar 26, 2016 22:40
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Bitcoin/Buttcoin is broken. period. I take back anything I may have said in the past. Every last bit. The amount of inside-fighting between developers alone spells the disaster that was spelled out earlier on. That and the amount of scamming going on. It literally became the best honeypot for scammers, and at this point has no turning back. The idea behind blockchain tech might revolutionize some banking practices, but the core 'product' is broken poo poo.
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Mar 27, 2016 06:10
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jimmsta posted:Bitcoin/Buttcoin is broken. period. I take back anything I may have said in the past. Every last bit. The amount of inside-fighting between developers alone spells the disaster that was spelled out earlier on. That and the amount of scamming going on. It literally became the best honeypot for scammers, and at this point has no turning back. The idea behind blockchain tech might revolutionize some banking practices, but the core 'product' is broken poo poo. Sad you're just realizing this now, but that's ok some people are just a little slow and we shouldnt shame them for it.
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Mar 27, 2016 06:13
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wayne curr posted:
Communists are simply better at defrauding neckbeards.
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Mar 27, 2016 07:40
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Lankiveil posted:Communists are simply better at defrauding neckbeards. We call it "Buttcoin with Chinese Characteristics."
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Mar 27, 2016 09:06
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https://twitter.com/Trumpchain #MakeTheBlockchainGreatAgain
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Mar 27, 2016 09:40
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Yermaw Zahoor posted:Same tired propaganda about bitcoins, but gently caress, watch the woman in the background at 1.12. tokay, mate!
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Mar 27, 2016 19:33
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jimmsta posted:Bitcoin/Buttcoin is broken. period. I take back anything I may have said in the past. Every last bit. The amount of inside-fighting between developers alone spells the disaster that was spelled out earlier on. That and the amount of scamming going on. It literally became the best honeypot for scammers, and at this point has no turning back. The idea behind blockchain tech might revolutionize some banking practices, but the core 'product' is broken poo poo. That idea being Merkle trees
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Mar 27, 2016 20:45
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Tiberius Thyben posted:We call it "Buttcoin with Chinese Characteristics." Chinese activity from OKcoin and Huobi now makes up 99% of all Bitcoin trading volume.
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Mar 30, 2016 17:00
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Tomato Burger posted:Chinese activity from OKcoin and Huobi now makes up 99% of all Bitcoin trading volume. This is going to wreck poo poo hilariously when the Chinese government eventually pulls the plug on Bitcoin-related traffic over the great firewall.
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Mar 30, 2016 20:30
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Tomato Burger posted:Chinese activity from OKcoin and Huobi now makes up 99% of all Bitcoin trading volume. Even over a 5 yr period, they still have 70% of the total volume.
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Mar 30, 2016 21:44
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So wait, is Bitcoin now a commodity with a financial backing based entirely on Chinese money laundering? How are the Bitcoin shills spinning this - "invest into our funny money now and help launder money for some rich Chinese people!"
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Mar 30, 2016 21:55
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Hellsau posted:So wait, is Bitcoin now a commodity with a financial backing based entirely on Chinese money laundering? How are the Bitcoin shills spinning this - "invest into our funny money now and help launder money for some rich Chinese people!" They're sticking their heads in the sand over the overwhelming probability that the Chinese government is going to decapitate the entire Bitcoin market, it seems.
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Mar 30, 2016 22:18
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TheQuietWilds posted:They're sticking their heads in the sand over the overwhelming probability that the Chinese government is going to decapitate the entire Bitcoin market, it seems. wait they recognize the fact that the entirety of bitcoin usage is by chinese criminals, and their response is to hope the chinese government isn't going to crack down on the criminal activity?
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Mar 30, 2016 22:21
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Hellsau posted:So wait, is Bitcoin now a commodity with a financial backing based entirely on Chinese money laundering? How are the Bitcoin shills spinning this - "invest into our funny money now and help launder money for some rich Chinese people!" China is the largest economy in the world, so it's obviously good for bitcoin.
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Mar 30, 2016 22:21
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Really, it just shows butts are gaining traction in a booming economy, which is good for the entire butt economy and demonstrates butts are better than fiat currencies.
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Mar 30, 2016 22:26
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Hellsau posted:wait they recognize the fact that the entirety of bitcoin usage is by chinese criminals, and their response is to hope the chinese government isn't going to crack down on the criminal activity? As far as I can tell, yep. It's an extraordinarily bad bet. It's one thing to hope that the US government won't crack down on small-scale crypto-drug markets and child-porn rings, another thing to put your hopes and dreams on a large, incredibly technically literate totalitarian regime will ignore skirting of capital flight laws. TheQuietWilds fucked around with this message at 22:32 on Mar 30, 2016 |
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Mar 30, 2016 22:29
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2016 the year of ChingChongDingDongCoin. #China
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Mar 30, 2016 22:36
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