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KnifeWrench posted:why are they all threaded greg does nothing but reply to himself with his own stupid ideas, then end a long thread with "subscribe to my substack for more Thought Leadership!!!" and then start another thread
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Nov 5, 2021 23:14
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Shame Boy posted:greg does nothing but reply to himself with his own stupid ideas, then end a long thread with "subscribe to my substack for more Thought Leadership!!!" and then start another thread what if livejournal but twitter?
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Nov 5, 2021 23:22
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it's a ted talk for people with a 3 second attention span
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Nov 5, 2021 23:22
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so a ted talk
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Nov 5, 2021 23:23
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Tom Clancy is Dead posted:Friendship ended with Orb, now Cube is my best friend
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Nov 6, 2021 00:01
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if i'm understanding it right you can have free unfettered access to cube in your own home if you destroy the receipt that says you own the cube, very profound
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Nov 6, 2021 00:03
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was wondering what illustrious history inspires greg's great thoughts > Previously, I was the Head of Product Strategy at WeWork ah.
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Nov 6, 2021 00:15
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I refuse to believe that's a real person and not a bot of some kind
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Nov 6, 2021 01:30
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sounds kinda like a markov bot but that can't be it. markov bot did nothing wrongov
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Nov 6, 2021 01:38
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Genuine question: now that more Proof of Stake cryptos are popping up, is it true that they genuinely solve the environmental issues (in exchange for being even more blatantly manipulable)? I assume so, but I also have no idea how it'd scale when/if every crypto thing is pushing it as hard as they can. Obviously it's a moot point until no crypto is harmful because otherwise any harmless crypto would raise the profile of its harmful peers.
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Nov 6, 2021 02:02
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isn't proof of steak the one where the more coins you have the more you get?
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Nov 6, 2021 02:15
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Proof of stake is the one where they rely on a few trusted nodes to broadcast the true state, thus rendering all the extra rigmarole even more meaningless than normal. It solves the environmental issues by doing absolutely nothing that could even vaguely be considered useful. https://medium.com/@abhisharm/understanding-proof-of-stake-through-its-flaws-part-3-long-range-attacks-672a3d413501
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Nov 6, 2021 02:22
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comedyblissoption posted:unbeknownst to you the judge has a significant stake in nfts 
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Nov 6, 2021 02:27
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Boxturret posted:isn't proof of steak the one where the more coins you have the more you get? iirc it's where you call up the richest guy in the token to have them confirm that every transaction of that token is legit, the assumption being that the richest guy would obviously have a vested interest in ensuring that the token stays legitimate. Which seems insane to me but hey I'll take it. And I hear Etherium's switching to it any day now™! Tom Clancy is Dead posted:Proof of stake is the one where they rely on a few trusted nodes to broadcast the true state, thus rendering all the extra rigmarole even more meaningless than normal. It solves the environmental issues by doing absolutely nothing that could even vaguely be considered useful. https://medium.com/@abhisharm/understanding-proof-of-stake-through-its-flaws-part-3-long-range-attacks-672a3d413501 I mean on the one hand that's good news, but on the other hand I don't see how crypto guys don't hate this enough to switch to using a PoW fork/alternative.
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Nov 6, 2021 02:28
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yeah proof of stake is just a layer of smoke and mirrors on top of a system that's either fiat (but not that fiat) or proof of work by another name under the hood
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Nov 6, 2021 02:32
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Boxturret posted:isn't proof of steak the one where the more coins you have the more you get?
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Nov 6, 2021 03:16
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Pigbuster posted:iirc it's where you call up the richest guy in the token to have them confirm that every transaction of that token is legit, the assumption being that the richest guy would obviously have a vested interest in ensuring that the token stays legitimate. Which seems insane to me but hey I'll take it. And I hear Etherium's switching to it any day now™! Proof of Steak exists enough for coiners to point to it as a reason to handwave away the fact that no actual large chain runs on it, or that in order to switch over to it you'd have to convince everyone with millions of dollars of mining hardware to just throw that away in favor of a system where people who saved the most coins get the money (which if you're a miner, you probably didn't do) it solves the environmental problems, sure, but it only does that if you can get bitcoin and etherium and all the other big ones to switch to it, and that will never ever happen
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Nov 6, 2021 03:33
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SubG posted:markov did nothing wrongov
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Nov 6, 2021 03:54
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proof of stake proponents make the claim that those with a preponderance of wealth have no incentive to exploit the have-nots it's a truly baffling take in tyool 2021
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Nov 6, 2021 04:00
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KnifeWrench posted:proof of stake proponents make the claim that those with a preponderance of wealth have no incentive to exploit the have-nots ah, but the legacy financial system doesn't have scammer tags!
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Nov 6, 2021 04:51
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bitcointalk 2.0 still isn't out, unsurprisingly 
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Nov 6, 2021 04:54
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KnifeWrench posted:proof of stake proponents make the claim that those with a preponderance of wealth have no incentive to exploit the have-nots no the claim is that they're incentivized not to, because then their share would be rendered worthless as people lost trust in the system. and as past evidence has shown, that's definitely what happens with crypto projects and there's definitely not still an entire fork of etherium where people decided that DAO hack still existed or whatever
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Nov 6, 2021 04:55
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Boxturret posted:bitcointalk 2.0 still isn't out, unsurprisingly for being rich off holding bitcoins since the early days they sure don't seem to be able to like, hire anyone to do basic loving IT work it seems, weird
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Nov 6, 2021 04:57
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https://twitter.com/benipsen/status/1456815712014454785?s=21
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Nov 6, 2021 05:00
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the tweet that's in response to 
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Nov 6, 2021 05:03
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greg is the  ing man's pomp
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Nov 6, 2021 07:05
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Shame Boy posted:https://twitter.com/gregisenberg/status/1451905003849924619 he's got tons of job titles because, as former Head of Product Strategy at WeWork, his expertise and experience are in high demand among companies and investors, so he's got lots of cushy Advisor jobs he left WeWork in like mid 2020, well after it had imploded
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Nov 6, 2021 07:37
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SubG posted:nothing is denser than bitcoiners take them to tha moon so we can do orbital bitcoiner rod bombardment from the moon base
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Nov 6, 2021 11:14
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What exactly is 'web3' in these people's minds, I know it came up in the thread before but it slid right off my brain lobes
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Nov 6, 2021 12:11
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decentralised internet, which as one tweet posted a few days ago pointed out is basically reverting to what the internet was before everything condensed into a handful of sites like google and facebook, only on the blockchain which is better for reasons none of them can actually explain
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Nov 6, 2021 12:22
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pseudopresence posted:What exactly is 'web3' in these people's minds, I know it came up in the thread before but it slid right off my brain lobes Kind of like ipfs but stupider
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Nov 6, 2021 12:23
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back to the good old days of every ISP being its own mini walled garden which is incompatible with everything else and you have to pay to read every page
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Nov 6, 2021 12:44
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that isenberg guy is amazing. i almost think he's writing stupid things on purpose, but not quite. - Super fun
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Nov 6, 2021 13:06
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pseudopresence posted:What exactly is 'web3' in these people's minds, I know it came up in the thread before but it slid right off my brain lobes
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Nov 6, 2021 13:08
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so hey, i'm not gonna actually read the past few pages, but did y'all see that the infrastructure bill amended section 6050i to include crypto transactions? 6050i is the provision that requires banks or any other business that receives payment of >$10k in cash to report the person's info to the irs. any business that accepts crypto after the bill is signed by biden will have to do full kyc reporting for all transactions greater than 10k. violations of 6050i are a felony.
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Nov 6, 2021 13:23
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Mr. Nice! posted:so hey, i'm not gonna actually read the past few pages, but did y'all see that the infrastructure bill amended section 6050i to include crypto transactions? 6050i is the provision that requires banks or any other business that receives payment of >$10k in cash to report the person's info to the irs. any business that accepts crypto after the bill is signed by biden will have to do full kyc reporting for all transactions greater than 10k. violations of 6050i are a felony. This is actually good for bitcoin.
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Nov 6, 2021 13:32
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would that include people trading crypto? that's really the only way I can see it making a difference because at this point actually using crypto to buy anything is just storytime that lets people pretend their gambling is investing. I guess it could make self-dealing NFTs to pump their value less attractive.
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Nov 6, 2021 13:36
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Shifty Pony posted:would that include people trading crypto? that's really the only way I can see it making a difference because at this point actually using crypto to buy anything is just storytime that lets people pretend their gambling is investing. quote:(a) Cash receipts of more than $10,000 Any person— i'd have to dig into the regulations, but essentially if anything you're doing is business related (even sole proprietorships), and you receive $10k+ in cash, you have to report. the amount of coins moving around in the course of some trade or business is a pretty massive swathe. it's all going to depend on how the treasury regs shake out. there are gonna be a lotta mad coiners as people move onto other methods that aren't so easily traceable (such as actual cash again) for money laundering art.
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Nov 6, 2021 13:42
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here's the reg as it stands now - https://www.law.cornell.edu/cfr/text/26/1.6050I-1 it's pretty broad. i can't imagine how that won't include the majority of crypto transactions.
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Nov 6, 2021 13:45
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Mr. Nice! posted:here's the reg as it stands now - https://www.law.cornell.edu/cfr/text/26/1.6050I-1 It's broad but I'm fairly sure you'd have to torture the legal definition of "cash" in the statute to have cryptocurrency fall under a form 8300.
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Nov 6, 2021 13:53
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