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that really long harry potter thing from the last few pages of the previous thread.txt
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Aug 7, 2014 21:52
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rotor posted:im sure there's a good number of people who made a shitload of money on bitcoin. every dime somebody makes off BTC comes out of somebody's pocket because it's zero sum, so good job ending marriages and foreclosing homes, bitcoin millionaires
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Aug 8, 2014 07:24
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wait i thought wiki already accepted them?
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Aug 8, 2014 16:16
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haveblue posted:pc load letter?? *googles* oh ok that makes sense what would i do if i had a million dollars? be a horse's full toilet (everything about it) alt: what would i do if i had a million dollars? two ponies at the same time
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Aug 8, 2014 17:36
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Same Great Paste posted:
please wait while I transfer this coin around so that you can tell that I actually have ownership of it whoops sent it to a blackhole address by accident i guess now i dont own the car, it's owned by someone at 1111H1tlerD1dNothingWronggggggJewv
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Aug 8, 2014 20:22
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"license and registration"
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wait, which thing is shrem going to jail for again? i will enjoy when he goes to jail
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Aug 9, 2014 00:42
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FCKGW posted:killhamster is at defcon playing bitcoin bingo and watching shrem wheel his ipad on a stick around on stage Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer. somebody explain to me why Shrem looks like his face just got stung by like 30 bees
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Aug 9, 2014 01:00
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...! posted:Andreas and I dumpster dove this rice in Sunnyvale, after the Bitcoin Job Fair. Served it up tonight and it was awesome! (imgur.com)
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Aug 9, 2014 01:04
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SynthOrange posted:AaaaaaaaaAAAAAAAAaaaaAAAAAAAAAAAAAAAA TERA is the game with the pedo race, right?
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Aug 12, 2014 02:20
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Magrov posted:the last line is a lie. any podcast is a waste of time.
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Aug 12, 2014 18:59
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every way to pay with bitcoin involves a company uncritically taking lots and lots of bitcoins in and pumping dollars out for no particular reason i mean, at least this one has a fee structure so they're making SOME money edit: when does Bitpay have to conform to the New York legislation because if they can't stockpile bitcoins they aren't really doing anything at all also is coinbase still down or what
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Aug 12, 2014 20:24
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Mido posted:so then it's decided no seriously you dummies listen to andy daly: http://www.earwolf.com/episode/the-wit-and-wisdom-of-the-west-with-dalton-wilcox/
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Aug 13, 2014 21:05
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Damiya posted:also 5 bucks for ten errors this is like when your granddad gives you 3 dollars to mow the lawn
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Aug 13, 2014 21:22
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why do they deny the existence of things that have to be paid for collectively as a class of things the idea is that you pay for enough of them that you probably use a lot of them, like i dont currently use public schools but i do like parks roads and having police
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Aug 13, 2014 22:20
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i know everyone in this thread knows this, but it's so maddening: you have to pay for some services collectively, otherwise they won't get paid for. most people will opt out if they think they can - ie if taxes for roads are not compulsory, many (i'd argue most) people will try to let everyone else pay for it and then just use it themselves because they can source: being alive, noticing things
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Aug 13, 2014 22:22
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https://www.youtube.com/watch?v=XQqZ9b0S0BY from the gbs thread, it is the best edit: I think it's safe to say at this point that bitcoin is literally backed by madness theflyingorc fucked around with this message at 23:20 on Aug 13, 2014 |
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Aug 13, 2014 23:18
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jre posted:The girl in the bottom left section looks like she's being held hostage im the one black person
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Aug 14, 2014 00:15
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quote:Ｗｅ ｈｏｌｄ ｔｈｅｓｅ ｔｒｕｔｈｓ ｔｏ ｂｅ ｓｅｌｆ－ｅｖｉｄｅｎｔ． Ｗｅ ｈａｖｅ ｂｅｅｎ ｃｙｃｌｉｃａｌｌｙ ｂｅｔｒａｙｅｄ， ｌｉｅｄ ｔｏ， ｓｔｏｌｅｎ ｆｒｏｍ， ｅｘｔｏｒｔｅｄ ｆｒｏｍ， ｔａｘｅｄ， ｍｏｎｏｐｏｌｉｚｅｄ， ｓｐｉｅｄ ｏｎ， ｉｎｓｐｅｃｔｅｄ， ａｓｓｅｓｓｅｄ， ａｕｔｈｏｒｉｚｅｄ， ｒｅｇｉｓｔｅｒｅｄ， ｄｅｃｅｉｖｅｄ， ａｎｄ ｒｅｆｏｒｍｅｄ． Ｗｅ ｈａｖｅ ｂｅｅｎ ｅｃｏｎｏｍｉｃａｌｌｙ ｄｉｓａｒｍｅｄ， ｄｉｓａｂｌｅｄ， ｈｅｌｄ ｈｏｓｔａｇｅ， ｉｍｐｏｖｅｒｉｓｈｅｄ， ｅｎｅｒｖａｔｅｄ， ｅｘｈａｕｓｔｅｄ， ａｎｄ ｅｎｓｌａｖｅｄ． Ａｎｄ ｔｈｅｎ ｔｈｅｒｅ ｗａｓ ｂｉｔｃｏｉｎ． oh no guys what a tragedy, the government has authorized me for things
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Aug 14, 2014 02:34
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api call girl posted:right now it actually seems like it's majorly propped up by true believers who bought into the alarmist rants of gold sellers
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Aug 14, 2014 03:03
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100 bucks in a week. not particularly impressive for bitcoin, but pretty bad for anything else that has ever been
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Aug 14, 2014 16:08
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It's not elitist, it would take a very long time to fill up a hard drive that was announced today
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Aug 14, 2014 16:59
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you're not far off. basically, bitcoin is a distributed ledger of transactions. rather than a central authority deciding which transactions are valid, they're validated by consensus of the network. the blockchain is a record of all these transactions, stored on thousands of computers. the software is written in such a way that trying to "lie" about past transactions is basically impossible without a majority share of the network to gain coins (basically, have the value of addresses you control be gifted X number of coins), you solve a math problem that has to be brute forced to solve, but can be easily confirmed. this is done by hashing a bunch of information together, including other transactions that have happened on the network. basically, when I "send" coins from me to you, what we actually do is broadcast to all nodes "ADDRESS X sends Z coins to ADDRESS Y". all the nodes then take these transactions and include them as part of the hash your objective is to pass all your information, plus a random number, into a hash function, until the hash that is generated is less than a number the network has agreed on. this number is lower and lower as the amount of hash power on the network increases in order to keep the rate of reward coins being found to be roughly once every ten minutes (for all people mining everywhere) one of the things included in the hash is the address to send the coins to on a successful problem solution that's the basics, i can explain more if you have any other specific questions
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Aug 14, 2014 17:27
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Robawesome posted:haha you did a way better job. explaining bitcoin is hard when youre a bit high there's a reason i get really mad when people say "people who make fun of bitcoin don't understand it" because I understand the hell out of it, and I know enough to be honestly impressed that Satoshi built something that functions AT ALL, from a algorithmic standpoint it's super good however, if someone made a cannon that shot pigeons directly into my crotch while keeping the pigeons completely free from harm, I'd be honestly super impressed at their engineering skill and how they managed to integrate that with their understanding of targeting systems and ornithology, but I'd still consider the machine to not be accomplishing anything of value
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Aug 14, 2014 17:39
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Ripoff posted:so what's preventing a computer from storing a bunch of known input-hash results like a rainbow table (is that what a rainbow table is? idk) and then saying "hmm gently caress they're looking for hash XXXXXXXXXXX and I have XXXZXXYYXXY why not just feed that problem in and see if it works"? or is that what they're doing? or do they re-roll the crypto process? gently caress. and since a good hash function completely changes if you change any part of it, you could get a good enough result previously with all the other information (your address and a blank transaction list) but add in another variable and all the pre-work you've done is worthless like I said, Satoshi thought the algorithm out really, really well. he just doesn't understand anything about economics past "things only have value because we say they do" and he never actually dealt with the problem of the size of the blockchain theflyingorc fucked around with this message at 17:43 on Aug 14, 2014 |
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Aug 14, 2014 17:40
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Ripoff posted:i'm just wondering what's preventing a malicious client design from yelling "BINGO" every 15 milliseconds like a senile old person at a bingo tournament and clogging up the network with bullshit claims If you get 51% of the network you can start "rainbow tabling" to a small extent (actually not that at all, but shutup). The network always accepts the longest valid block, so imagine this scenario: two miners solve a block at the same time, and broadcast to their peers "i have solved this" each peer takes the first block of length CURLENGTH that they receive This results in block A(and therefore, miner A getting the rewards) being the correct block by 60% of the network, and block B (and therefore, miner B getting the rewards) being the correct block by 40% of the network now, you'd expect this means that block A will be part of the definitive chain. however, one of the nodes that accept block B gets incredibly lucky, and happens to find a new solution after just one minute of accepting block B. So it announces "i found block C, which is built from B!" to the rest of the network this block has no competition, so it fully propagates to everyone, and they all accept it. you can then see the problem - block A no longer exists. if miner A spent his coins during that minute, the person he sent them to will find that they were never his to send, and that person therefore might have already given him his bagel and he left the store. this is why you wait for multiple "confirmations". collisions are FAIRLY rare, and multiple collisions in a row are QUITE rare, but they do happen, and any transactions only contained in orphaned blocks are just gone now (the standard wait to be TOTALLY SURE is 6 confirmations, because 6 in a row is so unlikely as to be basically impossible). now, back to the 51% attack - I have over half the hashing power on the network (I'm Ghash.io on certain days, apparently). I mine a block with a valid solution (Block D). instead of publishing that to everyone, i keep that info to myself and start working on the next block. Someone else finds a solution and broadcasts block E. However, since I have over 50% of the hashing power, I know that it is likely I will find block F(using block D) before anyone finds their own block, so I churn away and publish block F(which points to D), effectively wiping E from existence. I also KNOW I can do this, so I can buy things with bitcoin, not include the transaction with block D, let it be published in E, and then overwrite E so it never happened, meaning I still have the coins you thought you had
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Aug 14, 2014 18:03
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Owlofcreamcheese posted:Sad about me to beeing a greedy
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Aug 14, 2014 18:05
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Dren posted:i will found an exchange where people can trade worthless fiat for these incredible cannons that will free us from the shackles of government and enable a true free market i understand this technology, but I fear for my ability to control my crotch if it ever becomes mainstream
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Aug 14, 2014 18:33
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Ripoff posted:sorry to make you effortpost you can call me a shitlord now and tell me to get out and yeah, the way the protocol is setup is really cool and the only glaring flaw in the protocol is the same problem with any distributed file - everybody having to keep a copy of the thing is nuts, and in turn creates the 7-per-second transaction limit (which can't be increased without also exponentially increasing the rate the blockchain grows) all the other problems with bitcoin are what the machine does, not how it's built - the biggest of these is that it is inherently deflationary which is dumb as hell, it's literally the only part of the system where I think Satoshi was actively stupid also, they're only backed by the madness of libertarians, so I'd like better backing, too the lack of chargebacks is a completely unacceptable flaw and also intrinsically necessary for a distributed system afaik, I can't imagine a scenario where you could fix it without creating a central authority. if someone invented a version of bitcoin where you could somehow do chargebacks i'd honestly think you had a workable payment method but I suspect it's impossible the fact that you can't confirm ownership of an address except by demonstrating that you can move money from it is super dumb. there's also no way to prove that you have LOST ownership, which is why we don't know whether or not Satoshi will just sell his million coins someday ...I'm actually not sure if there are any other "flaws" with Bitcoin. so I can only think of 5 base issues, 2 of which could probably be fixed (deflationary and ownership), and 3 of which are showstopping root problems with the very idea of BTC
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Aug 14, 2014 18:49
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My Linux Rig posted:idgi if bitpay just sells it's bitcoins immediately and the overstock numbers are right, why isn't the price lower than it is right now otherwise, since they just announced they process for free, they have 0 dollars worth of inputs as far as I can tell? the only way they can possibly expect to make money is from selling bitcoin in the future edit: we can talk with him now since we all died at the end of the last thread
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Aug 14, 2014 18:54
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Crust First posted:you can confirm ownership quite easily without moving coins at all. it's just public key crypto, so you can sign any message required as proof. it's just like pgp/gpg, except instead of being impossible to use for normal people, it's impossible to use for normal people and also stupid. which is, by the way, saying "you can trust me because of this system, which you don't understand, but trust me it works"
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Aug 14, 2014 19:06
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i'm not certain we're in much disagreement. what i think they should have is just a simple format where you can enter your private key, have it ping the network in some way, and have the ledger contain "Address X verified as owned with attached message: XXXXXXXXXX" so that you've got something contained within the protocol, not just some random thing only using the underlying public key cryptography it's built on. I geuss that creates the problem of spamming "transactions", though. the way of solving it that you're describing is basically more bitcoin that bitcoin is in clumsiness. i get that it's possible, but it's not a good solution, and i think it's a usability issue with the protocol
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Aug 14, 2014 19:31
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Sniep posted:bitcoins are like toasters that_thing_with_erotic_toaster_sex.txt
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Aug 15, 2014 20:58
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stoutfish posted:a toaster needs to be blessed by a rabbi before it can turn bread into toast. speaking of jews, it's weird that if you toast a slice of bread it BECOMES toast, but if you toast a bagel it becomes a toasted bagel i recommend we start referring to it as jewtoast or "nadab and abihu breakfast"
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Aug 15, 2014 21:04
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where's the guy in the dunce cap drawing lines on the graph i dont think we've had it in version 2.19
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Aug 16, 2014 00:35
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chris elliot did not age well
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Aug 16, 2014 07:04
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FCKGW posted:lmao if you think that if you bought Bitcoins in the >$10 you wouldn't have sold them all during the first $32 bubble Yup - let's not be crazy - if I had bought when I first heard of then I would have made a lot of money - probably by buying at 2 and selling at 10-11. But you would have to be insane to see the first bubble burst and assume it would next get to like 800 bucks
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Aug 16, 2014 17:03
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who posted that
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Aug 17, 2014 07:27
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how do we stop people from coming to a consensus about how much things are worth, we need free market price floors
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Aug 18, 2014 20:00
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i am pretty amazed at how these people don't understand what an exchange like this is "buy at $2000 so that we can get the price to $2000, then you can sell at $2000 and, uh..." the WHOLE POINT of exchanges is that you can't manipulate the price without a dominant share in the thing, and everyone buys at the lowest price they can, and sells at the highest they can they simply dont understand that its a marketplace - they think of the price as being set by a central authority and buyers and sellers manipulate it. no, that price exists in the minds of the buyers and sellers
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Aug 18, 2014 20:55
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haveblue posted:what is this im a man who likes a thick ask
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Aug 18, 2014 20:56
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