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Andy Dufresne posted:I haven't dug into it, but wouldn't you expect the pool to assign a unique starting point to every miner every block to ensure there's no collision?
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May 17, 2021 19:49
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Cirrhosis Johnson posted:Somewhat related, but I wonder what might be a good solution to rampant inflation in the US. Bitcoin looks good on paper, but it’s shortcomings make it clear that’s it not-sustainable long-term. I’m also not holding my breath on the government stopping an increase in the money supply anytime soon. I don't believe you understand any of the words in this post
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May 17, 2021 20:41
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InternetJunky posted:I'm still kind of stuck on this 7 max transactions per second feature of bitcoin. Shouldn't this be the lead for any anti-bitcoin argument? Aren't the people who are "investing" in bitcoin doing so under the assumption that it will be the currency of the future? "Transactions per second" is misleading, because transactions get processed as part of new blocks, which happen about every 10 minutes for Bitcoin. And you then need to wait for a few more block to be reasonably sure your transaction has been included in the blockchain, and not just in an orphaned side chain. Some other cryptocurrencies mint blocks faster and have larger transaction size limits, but the fundamental problem is still that blockchains can't process transactions fast, as minting too many blocks in short sequence greatly increases the likelihood of parallel chains developing.
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May 17, 2021 21:53
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Cirrhosis Johnson posted:Give me your top 3. Well, you could talk about wage pressures, issues with the supply and demand of goods. All of which the recent pandemic impacted with huge changes to the jobs market, issues with the import and export of goods, etc. All of which bitcoin does bugger all about on an economic level. Not to mention that the last attempt to maintain a commodity backed currency ingloriously collapsed due to the various tensions that built up in the system as (vastly simplifying here) the economy increasingly got disconnected from the money supply. Of course this is only addressing the goldbug, we need to go return to a commodity backed currency to prevent inflation, looneys which you seemed to invoke with your post and not the other delusional "bitcoin is going to remake the world" people.
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May 17, 2021 22:13
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Khorne posted:did someone say layer 2 payment processor aka LIGHTNING NETWORK!! yet You aren’t allowed to get away with simplifying the immense stupidity of the Lightning Network like that. I admit, this is off the top of my head but if I am super-wrong somebody will correct me because I’m an idiot nocoiiner. When you want to use the Lightning Network to move money, both you and your depositor or receiver must open up which is basically a pre-funded line of credit. If you are a Satoshi short, you have to open another pre-funded line of credit. This can happen often and fast because of volatility in the price. To save time I split my pre-funded lines of credit with Amazon, Apple, Microsoft, Facebook, Walmart, McDonalds, Target, Wayne’s Deer Processing and Tax Service, Monero Child Porn LLC, Weed, Inc. , and Etsy. Hopefully you pre-funded enough to cover something you don’t know you want to buy yet, or have enough if the price of btc drops 27% in an hour. If not you have to pre-fund a new account to cover the difference. Repeat for every business you may want to do business with, and keep track of change wallets to recover penny shavings left orphaned. Make new wallets or accounts as needed. I only saw the details once, and may be waaaay off. I hope I’m wrong, because last year I said the only thing dumber and more obfuscated than acquiring butts was funding the Lightning Network. Please debunk me while I go to eat macaroni and hotdogs with my family. Of course I’ll be right back; I’m addicted to the Laffchain.
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May 17, 2021 23:16
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Dan Harmon Making First Blockchain Animated Series as Fox Embraces Cryptoquote:Fox is getting into the crypto game.
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May 18, 2021 00:06
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bitcoin looks good on toilet paper
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May 18, 2021 00:45
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von Vicious posted:its a store of value (SoV) don't you get it “value” LMAO
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May 18, 2021 01:07
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aware of dog posted:Dan Harmon Making First Blockchain Animated Series as Fox Embraces Crypto How much cocaine do you have to snort before this starts making sense?
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May 18, 2021 01:12
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tango alpha delta posted:speaking of DEBT, hey, have you guys heard about this crazy trick that you can unlock the money stuck inside your home with this crazy thing called a 'reverse mortgage'? it's totally safe and nothing could possibly go wrong! Before the “solved sudoku traded for heroin” there was “a sort of bag-holder’s musical chairs.” This was around the time zuarg (sp?) bought in. Oldies night in the Buttcoin thread…
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May 18, 2021 01:13
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Dog-dick coffee table
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May 18, 2021 01:44
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At first I thought it was a show about blockchain called Krapopolis and thought it was good, then I read the article and although I don't fully understand, I know it's bad.
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May 18, 2021 01:54
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I can't fault the guy for figuring out exactly how to milk the worst part of his fanbase
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May 18, 2021 01:58
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i'm crypto rick
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May 18, 2021 02:08
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I bet Dan Harmon is like "uhhhhhh okay?"
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May 18, 2021 02:12
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Is there a way that crypto smart contracts prevent piracy better than other distribution methods? From my understanding of NTFs and ethereum there still nothing stopping one of the users from creating a rip
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May 18, 2021 02:17
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aware of dog posted:Dan Harmon Making First Blockchain Animated Series as Fox Embraces Crypto Aside from a shitload of buzzwords what the gently caress is this even supposed to mean? Who the gently caress even cares? I've noticed that after the initial frenzy about NFTs there aren't mainstream news articles about them the last week or two, so I assume they've already moved into that space of quiet embarrassment and pretending they never happened. Is this just the marketing people being a month or so behind the curve?
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May 18, 2021 02:55
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It's a junior executive who told a higher-up about how much stupid money is out there wrt The Blockchain, and then showed some articles about NFTs and said "and we can apply it to our newest offerings" and the higher-up, who is even dumber than the junior, said "make it happen". The same thing happens when senators write questions for hearings and talk about how their kid is good at cyber- or whatever, and blahblahblah Like everything with bitcoin it's just dumbasses playing telephone with one another
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May 18, 2021 02:59
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Hamburger Sandwich posted:Is there a way that crypto smart contracts prevent piracy better than other distribution methods? PrtScr is not piracy. NFTs are really just receipts to a url. That’s all. If I want a Mona Lisa wallpaper background for my monitor your NFT doesn’t mean I can’t right click and save as. And DaVinci’s descendants can’t forbid me from storing a billion identical digital copies on my OneDrive neither can the NFT “owner.”
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May 18, 2021 03:20
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Chadzok posted:At first I thought it was a show about blockchain called Krapopolis and thought it was good, then I read the article and although I don't fully understand, I know it's bad. "Have groundbreaking technology involved in its distribution and marketing" means, unless I'm mistaken, nothing without the next bit. "curated entirely on the Blockchain" suggests they're gonna make NFTs- again, hashed text files containing URLs- out of "curated" frames, which, judging by existing NFT poo poo, means every frame individually and also multiple frames in combination with each other. Basically every episode is primarily an ad for its own NFTs, but a few months too late.
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May 18, 2021 03:31
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Inept posted:i'm crypto rick Don't be the one left holding the pickle.
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May 18, 2021 03:32
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Guys the show is called krapopulous. As in poop.
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May 18, 2021 04:09
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Blockchain !
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May 18, 2021 09:27
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spunkshui posted:Guys the show is called krapopulous. Should have called it Krapoopoopiss. I'll open up my screen recorder and make a copy of it to watch later. While I poop.
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May 18, 2021 09:57
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Somfin posted:"Have groundbreaking technology involved in its distribution and marketing" means, unless I'm mistaken, nothing without the next bit. "curated entirely on the Blockchain" suggests they're gonna make NFTs- again, hashed text files containing URLs- out of "curated" frames, which, judging by existing NFT poo poo, means every frame individually and also multiple frames in combination with each other. I can't wait until this show gets gifs, memes and even full episodes distributed across the web with no additional money in their coffers and the higher ups realise they've been duped by some kid with a completely flawed understanding of what NFTs actually are
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May 18, 2021 10:13
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jokes posted:It's a junior executive who told a higher-up about how much stupid money is out there wrt The Blockchain, and then showed some articles about NFTs and said "and we can apply it to our newest offerings" and the higher-up, who is even dumber than the junior, said "make it happen". Yeah I’m convinced that this is just mainstream corporate America reacting as fast as possibly can to the half formed ideas of the failson filled bureaucracy that boiled down to a jr exec vp thinking they can make money off of this about 3 months ago.
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May 18, 2021 13:40
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CaptainSarcastic posted:Aside from a shitload of buzzwords what the gently caress is this even supposed to mean? Who the gently caress even cares? I've noticed that after the initial frenzy about NFTs there aren't mainstream news articles about them the last week or two, so I assume they've already moved into that space of quiet embarrassment and pretending they never happened. Is this just the marketing people being a month or so behind the curve? This just happened a few days go. Average price of almost $1.9m per. https://twitter.com/CNBC/status/1392478668539056128
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May 18, 2021 14:46
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That's kind of shocking, I also haven't heard much about NFTs lately. I listen to a sports radio station and the guys just couldn't shut up about NFTs 2 months ago - particularly NBA Top Shot.
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May 18, 2021 14:55
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It all makes sense when you realize the buyers and sellers are the same people, so they gain infinite amount of publicity for just shuffling money around
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May 18, 2021 15:06
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Diva Cupcake posted:This just happened a few days go. Average price of almost $1.9m per. "We don't know who bought this..." Gosh, could it be the same guy who has been behind every single major NFT purchase. The one who has a business minting NFTs and needs to keep generating headlines about the market? "The NFT community says the price should be even higher!" Yeah, no poo poo they would say that.
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May 18, 2021 15:07
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I don't know anything about NFTs but it looks like a ponzi scheme to me.
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May 18, 2021 15:30
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Is all of this interest in speculative bullshit (crypto and NFT’s) because people find “normal” investing boring? Or is it primarily driven by greed for outsized returns? What disgusts me is how they evangelize the scam and are bringing others down with them, just like a loving MLM.
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May 18, 2021 15:41
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NFTs are for money laundering, right? So how do they accomplish it?
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May 18, 2021 15:42
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It's the greed.
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May 18, 2021 15:42
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I just got off the phone with the market, and it wants me to tell you all to pump my cute animal themed shitcoins more too.
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May 18, 2021 15:57
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Prettz posted:NFTs are for money laundering, right? So how do they accomplish it? Bob has $10 million in drug money that he wants to make clean. He finds an accomplice named Alice. Alice takes furry porn from deviant art and pays the gas fees to make an NFT. Bob converts his $10 million to a crypto token. Bob bids $10 million for the NFT. Alice takes the $10 million in crypto and converts it to cash. She pays taxes on her income and takes her pre-determined cut for laundering the money. She then buys assets that do not depreciate, like real estate. These assets are purchased with an OR/AND titled deed with a corporation that was created in deleware by an agent working on behalf of another corporation controlled by Bob. Alice then quit claims the property to the corporation controlled by Bob. At Bob's leisure he can sell the property and put the money into the normal financial system. Bob may be many steps removed from the corporation or person that goes onto the deeds with Alice. Since Alice has no clear connection to a criminal enterprise and paid taxes every step of the way, and she came across the money is a legitimate fashion (she sold her art), there is nothing to indicate that when the property is sold that the money came from a dirty or sanctioned source.
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May 18, 2021 16:46
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Apparently there’s another cryptocurrency that uses hard disk space instead of gpu power, and, well https://twitter.com/pinboard/status/1394402827477282818?s=21
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May 18, 2021 16:47
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aware of dog posted:Apparently there’s another cryptocurrency that uses hard disk space instead of gpu power, and, well Technology was a mistake
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May 18, 2021 17:04
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I feel like right now it's hard to take a loss at throwing some spare cash on shitcoins. Especially ones that earn interest or have public figures talking about them for whatever reason. gotta ride those pump and dumps!
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May 18, 2021 17:15
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What's crazy to me is, all it takes to fix it is for the world to collectively go "I'm not paying one red cent for no moon money" which used to be what we all did anyway.
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May 18, 2021 17:17
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