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MechaCrash posted:When this was created, the idea was "hey, lots of people have plenty of spare space, they can use this to put it to work!" Did the thought that he created an incentive to have lots of idle storage might result in people buying up shitloads of drives just...not occur to him? Did he not pay attention to what other cryptos did to the things you need to churn those out? he thought "i'm glad they're paying me a lot of money to make this" chia pre-mined 21 million coins. they just want it to exist so they can make money
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May 24, 2021 02:36
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Jose Valasquez posted:How come all the coiners always talk about how other people just don't understand blockchains but then they can never come up with a useful reason to have a blockchain? The actual reason to have blockchain tech in your project is to get venture capital money thrown your way by gullible idiots who don't know that blockchain tech has a phenomenally limited and painfully trivial use case set that would, in all cases, be better handled by something else. Blockchain does nothing beyond solving the double-spend problem, a problem that already has better, more efficient solutions.
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May 24, 2021 02:37
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xtal posted:For one, wallet addresses look a lot like magnet URIs. So you're saying that the relationship makes sense according to a "principle" that some dude who now owns a coin company wrote a blogpost about in 2001
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May 24, 2021 02:46
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Isn't block chain a reincarnation of Merkle Trees? I'm sure this cutting edge technology developed in 1979 is going to change the world.
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May 24, 2021 02:50
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xtal posted:For one, wallet addresses look a lot like magnet URIs.
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May 24, 2021 02:50
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I very much prefer sources that don't start with "Please do not propagate this information widely yet. I'm still working on it." but this is the bitcoin thread
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May 24, 2021 03:27
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loving those problems where the solution is simply to use over 50% of the world's available resources for it
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May 24, 2021 03:50
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Stoop Kid posted:I need to ask my neighbor how profitable his eth mining set up is now lmaooo gently caress crypto It doesn't matter if he eats poo poo. You get free ambient heating now.
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May 24, 2021 04:00
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https://twitter.com/h_bitcoiner/status/1396005133050269697?s=21 looool
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May 24, 2021 04:38
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May 24, 2021 05:08
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Inept posted:lol 
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May 24, 2021 05:15
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Did 3fmusic launder 200ETH with it yet?
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May 24, 2021 09:59
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repiv posted:Chia has reached the 10 exabyte (10 million terabyte) mark Bram Cohen has been calling it FUD to say that Chia destroys SSDs, then admits that yeah it does but only consumer SSDs so writing one 101GB Chia plot takes 1.6TBW (terabytes written). The Samsung 860DCT (1.9TB) enterprise SSD has a life of 698 TBW. That's ~436 plots before it burns out. Cohen seems weirdly unable to look at numbers when he's talking about Chia. https://twitter.com/DrCDArmstrong/status/1396748595387412481 Complications posted:fool, you've created joinder and now your secret government money account can be emptied by divabot inc. 
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May 24, 2021 10:54
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Could we consider a more sustainable option? https://twitter.com/FalconryFinance/status/1396558744159281158
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May 24, 2021 11:12
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Somfin posted:So you're saying that the relationship makes sense according to a "principle" that some dude who now owns a coin company wrote a blogpost about in 2001 I mean, it's a fundamental principle of computing and expected knowledge of any computer scientist in the last decade...
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May 24, 2021 13:11
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Is The Pirate Bay good for torrenting or bad, because centralisation and readable links?
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May 24, 2021 13:24
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Nessus posted:Could we consider a more sustainable option? It's hard to argue with this reasoning.
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May 24, 2021 13:25
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if only byzantium had had blockchain constantinople might not have fallen
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May 24, 2021 13:26
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yeah every day when i log onto my macbook to start programming i get a great idea and then think - oh dammit! that byzantine generals problem! gently caress!. then the whole day is ruined
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May 24, 2021 13:27
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Ironically constantinople did have a chain they used to block things from getting in.
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May 24, 2021 13:31
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Meanwhile, 
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May 24, 2021 13:34
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That new egg is not as new as they would like you to believe.
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May 24, 2021 14:23
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InternetJunky posted:Isn't block chain a reincarnation of Merkle Trees? I'm sure this cutting edge technology developed in 1979 is going to change the world. merkle trees arent even an important part of the bitcoin protocol, it's like saying putting red paint on a race car is revolutionary
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May 24, 2021 14:38
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What if we made crypto out of black holes? Unreadable! Unseeable!
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May 24, 2021 14:47
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Paladinus posted:Is The Pirate Bay good for torrenting or bad, because centralisation and readable links? Public trackers are like KYC exchanges, and private trackers are like localbitcoin
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May 24, 2021 14:48
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xtal posted:Public trackers are like KYC exchanges, and private trackers are like localbitcoin So is it good or bad?
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May 24, 2021 14:52
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why is centralized bad?
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May 24, 2021 14:58
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Kentucky Yucky Chicken?
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May 24, 2021 14:58
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punishedkissinger posted:why is centralized bad? ACAB: all centralizations are bad
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May 24, 2021 15:03
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xtal posted:ACAB: all centralizations are bad i'm sure you adore paying for your decentralized and highly regimented healthcare while i have to struggle through that dastardly centralized NHS. i mean sure it's "free" but is it Free????
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May 24, 2021 15:05
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centralization is often synonymous with increased efficiency, not less - you need a reason to justify the inefficiency that comes with decentralization. there genuinely are reasons for it - for example, i prefer KeePass to a cloud based solution because i'd prefer to manage my passwords myself. the idea of having them all on one server that i don't control or administrate somewhere puts my hackles up more than something i encrypted myself and keep on a hard drive. this is objectively less efficient by a number of metrics but it can be justified - i'm paranoid about my security and as such do not mind the additional administrative burden. centralization and decentralization are not moral or immoral in themselves, they are compromises to achieve some specific outcome. treating them like one is innately better than the other betrays a foundational misunderstanding of why decentralization is desirable at all in the first place.
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May 24, 2021 15:12
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I'm willing to say centralization is immoral
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May 24, 2021 15:15
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xtal posted:I'm willing to say centralization is immoral Ur mum's immoral
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May 24, 2021 15:16
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xtal posted:I'm willing to say centralization is immoral is that an opinion you hold when you're paying your medical bills, i wonder?
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May 24, 2021 15:18
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xtal posted:I'm willing to say centralization is immoral would you care to expand on why you are opposed to a broad concept? furthermore what is your take on open vs closed? is closed immoral? what about cold/hot?
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May 24, 2021 15:18
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xtal posted:I'm willing to say centralization is immoral You’re willing to say a lot Too bad it’s dumb ohhhh
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May 24, 2021 15:50
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xtal posted:I mean, it's a fundamental principle of computing and expected knowledge of any computer scientist in the last decade... Byzantine fault tolerance is not a fundamental principle of computing, it's an interesting problem that shows up occasionally. Most distributed systems do not care about it because "best effort" fault tolerance is good enough. Most of the people who super care about it are either theoreticians or nuclear engineers. And the blockchain solution to the byzantine problem is fundamentally useless to the outside world. When you're mining a bitcoin the work, the attestation, and the verification are all the same thing. That's why bitcoin works, and why all the ideas to do something useful with blockchain (distributed useful computing, cloud storage, securing votes, bananas on the blockchain) have gone nowhere. As soon as you try to make the work something outside this single neat self-contained system, you're right back in byzantine land. Attestation can't be trusted if verification is anything other than trivial.
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May 24, 2021 15:54
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Klyith posted:Byzantine fault tolerance is not a fundamental principle of computing, it's an interesting problem that shows up occasionally. Most distributed systems do not care about it because "best effort" fault tolerance is good enough. Most of the people who super care about it are either theoreticians or nuclear engineers. 
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May 24, 2021 15:55
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Works*
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May 24, 2021 16:29
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This guy jokes but last night I found out about a coin called Helium where you buy these wifi hotspots and they mine coin based on the coverage and data you provide not calculations. It sounds stupid. I also looked up several nearby hotspots within half a mile of me that made between $500-$1800 last month. Everything will be mining soon.
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May 24, 2021 16:42
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