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gary oldmans diary posted:i just used technology that was developed for travel into space. that suggests that im an astronaut Velcro Shoes?
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Oct 16, 2017 18:49
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gary oldmans diary posted:i have vouchers for coins. you are interested. you make an offer for a coin at $17.13 for 1 coin. after the exchange you inquire as to how much the coin is worth
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Oct 16, 2017 18:50
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COMRADES posted:Is this relevant though considering that Satoshi never meant for it to get this far and it was just a proof of concept thing? Assuming I'm remembering right ofc.
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Oct 16, 2017 19:00
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Russian state now brilliantly monopolizing the unreported income industry
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Oct 16, 2017 19:05
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Uranium 235 posted:the deception underlying the bridge scam is that the bridge is not owned by the seller and cannot legally be transferred to the buyer. that doesn't mean that the bridge isn't valuable. if the bridge can be used to generate revenue (via tolling or facilitating commerce) then it clearly has value
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Oct 16, 2017 19:06
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gary oldmans diary posted:hey i think thats great. changes nothing but wonderful
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Oct 16, 2017 19:09
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gary oldmans diary posted:how can you say that only real bridges are of value when virtualBridge is clearly the currency of the future? Someone should make a bridgecoin, I've even got the perfect tag line. If you believe in bitcoin, i've got a bridge to sell you.
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Oct 16, 2017 19:11
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https://coinmarketcap.com/currencies/bridgecoin/ gently caress!
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Oct 16, 2017 19:12
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Uranium 235 posted:lol are you getting snarky because i answered your question? regardless of the original proposed scenario there are infinite variations that could play off of it Powershift posted:Someone should make a bridgecoin, I've even got the perfect tag line. also gently caress!
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Oct 16, 2017 19:15
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The Minecraft of cryptocurrencies, and someone beat us to market. 
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Oct 16, 2017 19:17
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shitcoin still isnt taken but problematically might get mistaken for bitcoin a lot
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Oct 16, 2017 19:19
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its kinda fun searching that coinmarket https://coinmarketcap.com/currencies/president-johnson/
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Oct 16, 2017 19:23
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oh god that guy is going to say the difference is that bitcoins do exist and have an inherent value dictated by the market and i can just see the circle of reasoning surrounding spin around the giant satoshi capstone of the pyramid of not-scam with only the trail of men going their own way to give perspective on the wide flat libertarian plains of reason
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Oct 16, 2017 19:23
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gary oldmans diary posted:the problem as i represented it (which you should use if you are referring to me and not to someone else using a different representation) is you are buying something that essentially doesnt exist ("the bridge i own" is not a thing) and the transaction is worth what you are willing to pay for it
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Oct 16, 2017 19:31
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This is based on a single report from CoinTelegraph, and they noticeably don't link back to the original announcement. This twitter thread has a dude with a Russian name, who I'm assuming is Russian, contributing. He says "The news is true, but it won't be huge. What's the use of a gov controlled cryptocurrency? Eventually, they will fail to make it." "There's no tech. Few people in the world understand the cryptocurrency tech, fewer of them are in Russia, none in gov." So whatever happens, I expect this to be less than it appears.
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Oct 16, 2017 19:40
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Uranium 235 posted:i think you're getting your wires crossed, because you replied to my answer to your question about whether i understood the difference between blockchain and bitcoin.
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Oct 16, 2017 19:49
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How sure are we Satoshi is even still alive? I mean it's been like 10 years, there's some at least single digit % he died of all the normal ways people die, not to mention some chance that he gleefully sold the entire startup bitcoin amount to someone when it reached like $100 and then has since killed himself based on seeing what it became later (If you doubt anyone who still had say $100 million would kill themselves over that, I'm pretty sure there were people who committed suicide during the 2008 crash because they were now worth half of what they were, even when the new amount was still billions) or I mean some other related disaster, like he had the original startup bitcoins on a hard drive that died before it even got to $20 or something
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Oct 16, 2017 19:53
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gary oldmans diary posted:the answer where you tried to demonstrate that you did understand a difference between them and yet you dont seem to change any of your answers where you conflated bitcoin and blockchain in saying bitcoin was developed altruistically because look at all the good blockchain is doing. thus your further explanation is pointless and changes nothing as i said as for "developed altruistically", if you are attributing that claim to me, you're further proving your inability to comprehend what you read. go back and quote where i said that 
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Oct 16, 2017 19:54
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Uranium 235 posted:i didn't conflate them, i referred to the underlying technology of bitcoin, which you took to only mean blockchain, when i actually meant blockchain with a distributed ledger verified by a decentralized network. you misunderstood me, so i clarified my meaning with you. you replied with a dumb, snarky comment  what you are talking about is just the blockchain. the misunderstanding is you not understanding technology and then conflating things because youre all mixed upyes you obviously werent ascribing altruism to bitcoin via its underlying technology where you pointed out its use in charity work quote:i don't think that bitcoin was designed with malicious intent, i think it was a sincere effort to create something that had unique and desirable properties sorry for my succinct, on-point replies that have a hard time taking you seriously when you cant hold on to relevance of whats being discussed between 2 consecutive posts
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Oct 16, 2017 20:02
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gary oldmans diary posted:sorry for my succinct, on-point replies that have a hard time taking you seriously when you cant hold on to relevance of whats being discussed between 2 consecutive posts yeah... yeah i got him good
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Oct 16, 2017 20:31
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Uranium 235 posted:it definitely requires intent and i'm not going to argue about a dictionary definition with you, it's a complete waste of time What dictionary definition are you basing this off of? I can find literally none that clearly states it needs intent, or includes the word intent in the definition. If you didn't want to argue about dictionary definitions, you shouldn't have brought it up as the main loving sticking point of your argument. I'm not the one that said "Dictionary says this". You made your argument, live with that.
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Oct 16, 2017 21:02
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Uranium 235 posted:maybe you'll apologize, but i'll never apologize for my extremely good, supremely on-point missives that labor futilely to find anything coherent in your very bad and not at all good posts so enjoy it
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Oct 16, 2017 21:03
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Uranium 235 posted:i don't think it's a scam because i don't think that bitcoin was designed with malicious intent,
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Oct 16, 2017 21:06
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Clearly, Bernie Madoff wasn't a scammer because Madoff Investment Securities wasn't designed with malicious intent when it was incorporated in 1960.
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Oct 16, 2017 21:09
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You put bit coins in blocks and chain them together. Pretty simple.
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Oct 16, 2017 21:11
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Also, sub-prime mortgage derivatives weren't a scam because Blythe Masters actually believes creating crazy credit derivatives is good and so there was no malicious intent.
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Oct 16, 2017 21:14
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Paladinus posted:You put bit coins in blocks and chain them together. Pretty simple. What if you block the bit chains together to make bit chain block bit chain coins?!
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Oct 16, 2017 21:17
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Enron wasn't a scam because it was incorporated as an energy company and actually did some legit trading at some point, so it wasn't designed with malicious intent.
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Oct 16, 2017 21:18
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Chaining the blocks is a form of slavery and I am morally opposed to it
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Oct 16, 2017 21:23
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bitcoin is my slave name
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Oct 16, 2017 21:24
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MF Global, WorldCom, and Cendant, for example, were all designed as legit businesses with no malicious intent, so when their valuation was later due to fraud it turns out that wasn't technically a scam.
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Oct 16, 2017 21:24
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Blade Runner posted:Chaining the blocks is a form of slavery and I am morally opposed to it what if we only do it for colored coins
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Oct 16, 2017 21:25
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exploded mummy posted:what if we only do it for colored coins Making a coin be worth 3/5ths would really gently caress up my investment position
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Oct 16, 2017 21:33
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SubG posted:Also, sub-prime mortgage derivatives weren't a scam because Blythe Masters actually believes creating crazy credit derivatives is good and so there was no malicious intent. And Blythe Masters is a blockchain saleswoman now, thus demonstrating how deeply non-scammy she truly is
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Oct 16, 2017 21:38
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Blade Runner posted:Making a coin be worth 3/5ths would really gently caress up my investment position  
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Oct 16, 2017 21:39
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Uranium 235 posted:i don't think it's a scam because i don't think that bitcoin was designed with malicious intent, i think it was a sincere effort to create something that had unique and desirable properties (distributed ledger with decentralized verification). whether bitcoin succeeds long-term is yet to be seen, because it has well-known problems that limit its functionality. blockchain technology in general, however, is gaining a lot of traction and is beginning to be adopted to solve problems. A) IBM is not creating a cryptocurrency. Their "blockchain" services are distributed databases with a trending name. B) You can't use bitcoin to purchase IBM's services/tokens, because again, they are not producing cryptocurrencies and these products have nothing to do with bitcoin Ripple is a cryptocurrency in the loosest sense: you can't actually mine the tokens, but you can buy/trade them. But you don't need bitcoins to do that; Ripple has been around for years and you can buy XRP directly in USD, if you believe in Ripple's products. Note that neither of these things have anything to do with bitcoin
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Oct 16, 2017 23:02
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Uranium 235 posted:the deception underlying the bridge scam is that the bridge is not owned by the seller and cannot legally be transferred to the buyer. that doesn't mean that the bridge isn't valuable. if the bridge can be used to generate revenue (via tolling or facilitating commerce) then it clearly has value But he thinks that he legally owns the bridge. So there's no malicious intent when he sells the bridge to someone else for $5 more than what he paid for it. That means it's not a scam anymore, right?
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Oct 16, 2017 23:03
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QuarkJets posted:But he thinks that he legally owns the bridge. So there's no malicious intent when he sells the bridge to someone else for $5 more than what he paid for it. That means it's not a scam anymore, right? I think a better analogy is something like alt-med. Say, homeopathy. Homeopathy is a scam. It doesn't work. It is literally magic potions. This has been demonstrated scientifically many, many times. (for the record, even the 'placebo' effect special pleading is a false claim, but I won't go into the details. It doesn't work.) There are homeopaths who know this, and go about their business anyway, inventing crazier and crazier potions to treat everything they possibly can, because they want the money. There are other homeopaths who don't know that it actually doesn't work, totally buying in, and they believe they are helping people. They also make a living from it, so in some way they rely on keeping the wool over their eyes, so you may find they are heavily biased when it comes to information on their profession. There are likely also other homeopaths who are in between. They kinda know it doesn't work, but they think that people get benefit anyway - or use some other rationalisation that makes it 'okay' for them to keep making a living this way. They are all, however, scamming their customers.
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Oct 16, 2017 23:11
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Chadzok posted:I think a better analogy is something like alt-med. This this this, definitely a much better analogy. And to that point, homeopathy was likely created by well-meaning people who had weird ideas about how medicine works and decided to stick to those ideas no matter what. But to the patient the intent doesn't matter; you've given a homeopathic "doctor" money and received nothing of value in return.
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Oct 16, 2017 23:15
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Chadzok posted:Say, homeopathy. Ok the thing is, bitcoins are created using a programmatic method, we know they exist, we know how they are created, we know what they do - including the limitations that people have described endlessly. We know what people use them for. And unlike homeopathy, they certainly do what people claim they do - bitcoins do exist once mined, they are traded, and they can be exchanged for whatever value other people assign them through exchanges, ATMs, and local transactions. This is all very different from: Bridges one does not own Stuffed animals Flowers Make believe currencies like wompum that people suggested as an equivalent and let's expand the list to add new entries: Homeopathy Chiropractors Energy Healing
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Oct 16, 2017 23:15
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