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i still don't understand what helium does but the whole thing about PoW is that it can't be productive because to serve as proof it must be hard to do but easy to verify. hashes work because if you've genuinely come up with the winning number that should take five quintillion guesses on average, everyone else chugging along at a few billion guesses per second just has to run one hash to see that it's right. if there's any incentive in helium to fudge the work, then the honest participants have to spend effort verifying it. if the amount of effort required to verify is anything close to the effort of actual work the whole thing falls apart.
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Sep 17, 2021 11:28
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fisting by many posted:i still don't understand what helium does but the whole thing about PoW is that it can't be productive because to serve as proof it must be hard to do but easy to verify. hashes work because if you've genuinely come up with the winning number that should take five quintillion guesses on average, everyone else chugging along at a few billion guesses per second just has to run one hash to see that it's right. It makes you talk funny.
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Sep 17, 2021 13:22
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this is bitcoin, so it's always stupider: it was a really dumb and obvious false flag attack. the vandals got their shirts off a truck that was identified as being owned by the government, because the same truck with the same number plate had distributed food parcels during the pandemic. https://twitter.com/Maidandre/status/1438223501169672196 https://twitter.com/tvocanal23/status/1296486287327862786
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Sep 17, 2021 14:25
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a buddy of mine wanted to install a helium node at my apartment and i said i’d do it for a flat monthly fee from him irrespective of whatever the nonsense crypto stuff is doing, at which point he became predictably uninterested
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Sep 17, 2021 14:48
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Feisty-Cadaver posted:when i was a kid i had a friend whose dad was named dick whitman, i'm p sure its not the same guy though cuz he was a law professor and a mormon. A couple of really good friends of mine were two brothers (10 kids in house) who not only had brothers and sisters old enough to be their parents, but had multiple nieces and nephews older than them. They were the only Catholic family in my small town of 440-ish residents. Also my best friend’s half brother (we were around 12) was in his 40’s and taught us to play BattleTech and AD&D. drat, that was 35 years ago…
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Sep 17, 2021 15:07
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FAUXTON posted:I'm sure it's great for keeping a super secret spreadsheet listing all the train sets you've collected.  Dorian understands…
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Sep 17, 2021 15:24
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DerekSmartymans posted:
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Sep 17, 2021 16:21
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DerekSmartymans posted:
 iirc the original explanation was that he wanted to buy model trains from japan without the currency conversion though, I only assumed there was some underlying "I need to make a database for my trains but it needs to be real secret so people can't mess with it" thinking beforehand because blockchain poo poo always comes off like it's basically a rolodex but complicated for no reason.
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Sep 17, 2021 16:44
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FAUXTON posted:
Incredible that techbros are simping over the absolute most boomer database imaginable The only thing missing is ticker tape
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Sep 17, 2021 16:49
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the future of money, everyone: https://twitter.com/smdiehl/status/1438861637079941120 https://twitter.com/digieconomist/status/1438896477590409227
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Sep 17, 2021 17:20
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1.29.......the osypos number~~
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Sep 17, 2021 17:25
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Chris Knight posted:the future of money, everyone: This math is incorrect, 100% will not produce a single useful contribution ever.
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Sep 17, 2021 17:39
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lmao
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Sep 17, 2021 17:40
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because it's funny, op
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Sep 17, 2021 17:46
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Chris Knight posted:the future of money, everyone: this makes me even angrier than I was about all the waste. 97% of miners will do nothing but waste electricity and create literal tons of electronic garbage. it can't be that stupid
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Sep 17, 2021 17:53
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vortmax posted:Dorian will always be the True Satoshi of my heart  
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Sep 17, 2021 21:48
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in all of the history of bitcoin, that time dorian was involved in a low speed car chase after agreeing to go out to lunch with a reporter is still one of my favourites
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Sep 17, 2021 21:50
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 https://twitter.com/newjerseyoag/status/1438915307058384899
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Sep 17, 2021 22:06
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Sep 17, 2021 22:12
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vortmax posted:this makes me even angrier than I was about all the waste. 97% of miners will do nothing but waste electricity and create literal tons of electronic garbage. I don't feel like doing the math, but wouldn't this be roughly true no matter how unpopular mining was, except at the extreme low end? isn't it by design that a distributed lottery like this would mostly waste hardware? that the algorithm dynamically adjusts until the vast majority of hardware is useless?
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Sep 17, 2021 22:56
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gschmidl posted:This math is incorrect, 100% will not produce a single useful contribution ever. That’s really more a data problem than a math problem.
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Sep 17, 2021 23:06
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Boxturret posted:in all of the history of bitcoin, that time dorian was involved in a low speed car chase after agreeing to go out to lunch with a reporter is still one of my favourites the absolute highlight of bitcoin for me was watching in real time as they jumped the gun with the report, then had to walk it back as it slowly dawned on them that they had been conned out of a free lunch by a kind old man in full view of the entire world
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Sep 17, 2021 23:08
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KnifeWrench posted:I don't feel like doing the math, but wouldn't this be roughly true no matter how unpopular mining was, except at the extreme low end? partly, though if you didn't have to run them at the bleeding edge all the time and replace them constantly as they're obsoleted in order to make any money they might last longer than a year or whatever and have more of a chance to find a block that way it'd still be a worthless waste of energy and material but slightly less
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Sep 17, 2021 23:10
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KnifeWrench posted:I don't feel like doing the math, but wouldn't this be roughly true no matter how unpopular mining was, except at the extreme low end?
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Sep 17, 2021 23:23
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FAUXTON posted:
I once looked at a presentation for a start up that would marry blockchaib to trucking. Like it was an image of a bitcoin plus a truck plus ??? = profit I wish I could find it it was amazing
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Sep 17, 2021 23:41
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U.S. to Target Crypto Ransomware Payments With Sanctions: https://archive.is/Ayest its surely this, that is good for bitcoins
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Sep 18, 2021 00:01
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KnifeWrench posted:I don't feel like doing the math, but wouldn't this be roughly true no matter how unpopular mining was, except at the extreme low end? back of the envelope if a node lasts a year and a half, then there are 1.5 * 365.25 * 24 * 60 / 10 or 78894 blocks mined by the network during its lifetime. with exactly 78894 nodes (assuming equal performance) then the expectation value per node is 1, but on average you're going to still end up with thousands of nodes that never mine a block. if you want to build a network where at least 50% of the time you'll have no unproductive nodes you'd have to build no more that ~8305 nodes.
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Sep 18, 2021 00:42
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I wrote up how the first week of El Salvador's Bitcoin Law went for Foreign Polilcy. Not well.
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Sep 18, 2021 01:24
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 lol
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Sep 18, 2021 02:09
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has anyone said president bukkake yet
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Sep 18, 2021 02:38
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Weatherman posted:has anyone said president bukkake yet Not yet, but I’m sure they’re cumming.
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Sep 18, 2021 03:22
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president ukulele
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Sep 18, 2021 07:01
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Alan Smithee posted:president ukulele More a vuvuzela though.
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Sep 18, 2021 07:32
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Sep 18, 2021 10:32
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honestly in that case whoever lent him the money is the one in real trouble
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Sep 18, 2021 12:21
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If this guy was born a couple of centuries ago, he would have definitely sold the family home for 5 magic beans. You know what? He probably would still do it today.
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Sep 18, 2021 15:18
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Something tells me it is fake (because what isn't regarding reddit finance help posts) but still
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Sep 18, 2021 15:23
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Buttcion the magical fruit the more you buy the more you poop
Shageletic fucked around with this message at 16:28 on Sep 18, 2021 |
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Sep 18, 2021 15:24
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Graph can you make that image the thread title please l? Thanks
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Sep 18, 2021 16:07
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divabot posted:I wrote up how the first week of El Salvador's Bitcoin Law went for Foreign Polilcy. Not well. good piece, thanks for posting. i'm working my way through AotFFB right now and am enjoying it quite a bit, didn't know you were on SA, lol
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Sep 18, 2021 16:12
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